/biz/ - Business & Finance

>>17987781
People need to eat, pay mortgages or rent.
Bare in mind it will get worse because in the coming months people are going to lose their jobs and they will sell their BTC to cover their bills.
Research shows BTC is going sub $1k

>>17987781
you were supposed to buy it when it was low, not when it was high

>>17987836
btc has an imminent bull run you braindead faggot

>>17987836
Millionaires and billionaires still need cash havens
Crypto is one of the safest, other than physical assets

>>17987836
retail investors hold about 5% of the btc supply on exchanges
what could really cause the shit to hit the fan is if hedge funds begin dumping their crypto, which is a possibility

>>17987863
sure thing, just like it's had an imminent bullrun since 2017

>>17987836
Research shows you are retarded

>>17987836
>research
>crypto "funds" going bust every day
Here's some research for you: PEE PEE POO POO NOT FUCKING SELLING

Except its holding up pretty well atm
Just crabbing between 6150-6200 or so

>>17987836
>people are going to lose their jobs and they will sell their BTC to cover their bills.
most people that buy BTC are not poor people, or middle class. They are middle-upper class, upper class or straight millionaires/billionaires. They are not retarded and have enough for a recession. No one is going to sell.

What are your predictions, guys?

I could not have imagined a scenario in which both gold and oil would fall so low.

>>17987978
>Store of Value right?
>So smart!

Where can I buy bitcoin in Canada the bitcoin atm isn't charging the correct rate

>>17987836
Kikes hated him because he told them the truth.

>>17987781
Here’s the thing: the sell off was mostly hedge funds and normies who in these events sell everything. The fact that the market has continued to drop with no survivors but bitcoin and crypto have actually bounced back is evidence in a true crisis it will maintain value. If this continues, and everyone flees the stock market, they will now see crypto markets and say “shit, we shouldn’t have pulled out then”, and flood back in. Coronavirus will unironically lead to the largest crypto run of all time. 1-2 months tops.

What do these kind of movements mean?
How is it linked to crypto?

>>17987781
THE DOW IS 19170 POINTS TODAY

Last time the dow was 1970 points this was the crypto market

https://coinmarketcap.com/historical/20161202/

Really makes you think?

I currently have a little bit of ETH and LINK, I want to buy some BTC and a little more of the other two, but they don't seem to be tanking anymore last little while. Is now a good time to buy, or do you think it'll tank again soon?

>>17987781
You money has value they said, pay no attention to the 2 trillion we printed on the record in front of you. Your dollar can buy just as much.

>>17988494
pls respond

>>17987978
>most people that buy BTC are not poor people, or middle class. They are middle-upper class, upper class or straight millionaires/billionaires. They are not retarded and have enough for a recession.
>No one is going to sell.
COPE

>>17987836
Imagine being so poor that you need to sell your crypto to buy food or pay your rent. If you're that poor you shouldn't be in crypto in the first place.

>>17987781
Great thread OP

Recession has not started yet. Governments all over the world are printing money to delay the inevitable. They are doing this because an economic crash during a health crisis will be a disaster. Wait for the corona crisis to pass away, Bitcoin is set to win. Chanchellor won't be bailed out again.

>>17987836
There could be a big sell-off
Or in response to the falling prices of other assets, one with liquidity, pseudoanonymous ownership, and ease of transfer, might just be a good shelter from falling value of fiat.

>>17989155
haha, you proved him wrong because you said cope

>>17988631
depends on when you need the money. You can buy now and sell them in 1-3 years and I'm pretty sure you'll have made a decent profit. Don't expect to become a millionaire through some coin luck. Educate yourself about saving and investing and you'll be set for the future.

>>17988029
It probably won't go below $4000. All the exchanges and whales probably have an unspoken agreement to keep BTC alive because their livelihoods depend on it.

>>17989258
>You can buy now and sell them in 1-3 years and I'm pretty sure you'll have made a decent profit

Your mindset is all wrong and you will never make it

>>17989258
seriously, just stick to your pump and dump shitcoins like PNK if you're concerned with "making de nice profits"

Bitcoin is unironically a great looking chart in today's environment

>>17989232
Real men don't compromise. They cope

>>17989296
That was my advice for some faggot who thinks asking financial advice on biz is a good idea, it's not what I am doing.

>>17987781
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>17989312
I think I will not change a thing :v)

>>17987875
Physical assets can be confiscated. Crypto cannot. No one even has to know you have it. This will become increasingly more important as we get more and more socialism

test

bamp

>>17988370
>Canada
https://web.tradenewton.com/r/1T0CZF
There my friend! fast upload too.

>>17987857
If no one buys when it's high then it's not really high now is it? If you have no one to sell to, your shit ain't worth a turd on the freeway.

>>17989186
If you are that poor you selling .0001 bitcoin won’t move the dial.

>>17988494
Buy 50% now and 50% later. And don’t worry about timing the market you’ll always be wrong.

>>17988452
So crypto still has a long way to fall