/biz/ - Business & Finance

we're in for a bigo boy collapse it seems

>>18849838
Will probably hit even harder than the usual post halvening dumps due this being the final one, the current shitty economics and extremely uncertain future, as well as the "traditional" powerdump during next month after the halvening

>>18849838
>>18849856
bullish signals. these idiots forget we already had a 50% drop no more than a month ago

>2nd halving: post-dump
>3rd halving: pre-dump

>>18849823
I don’t understand why it would dump before the halving either. Shouldn’t people be buying in if the price is going to soar?

>>18849823
because if you couldn't tell, we're about to experience another leg down in the stock market. BTC has been losing when the stock market loses and rocketing when the stock market wins.
Don't listen to retards like this>>18849889

>>18849889
No matter how much you want it to be wrong, BTC and ETH still isn't backed up by jack shit but tether, and you're willfully ignoring the fucking situation the global economic health is in right now because you refuse to accept the incoming recession will hurt your precious crypto as much as it hurts everyone else.

>>18849905
Miners dying off because the reward is less for the same effort

>>18849889

bullish on what grounds? There is still a SARS virus infecting people, causing them to start going into cash because of uncertainty about the future, this is a classic bulltrap.

Also incidentally, i just found out that bitmexrect was banned from twitter after the last huge dump.
Probably some assmad intern on twitter seething that the bot made fun of his liq'd

Look at all these faithful

>>18850035
god i want eth under 200 again

>>18850046
NO.

>>18850046
It will go under $100 again
Buckle up

>>18850059
im okay with this
i'll fill my bags

>>18850071
Me 2

>>18850059
this. we haven't seen the true bottom yet.

People are anticipating a bloodbath in equities tomorrow so they're pre-emptively selling, expecting Bitcoin to mirror the stock market.

When it doesn't happen, people will realize that btc has decoupled from equities and the moon mission will begin.

Screencap This

>>18850093
Think you're a few months too early

>>18850093
it hasn't decoupled if people are selling based on whats happening in equities though retard
OH SHIT THE MARKET IS GONNA CRASH BETTER SELL MY BTC
does that sound decoupled to you?

>>18850114
Based logician

>>18850114

Some people are selling in anticipation, others are holding to see what happens, and others are hodling with titanium hands.

There will be Mass Exodus/Flippening at the halving. Miners selling their BTC and pouring it into ETH. Be ready

>>18850183
If BTC dumps, ETH dumps, resulting in what >>18850059 said.

>>18850174
you realize that reinforces my point
if people are reacting to news and events from the stock market then btc is not decoupled from the market. If stocks are the catalyst for btc price action it is not decoupled, simple as

>>18850183
a flippening would be devastating for the entire crypto market. If that happens, it may as well all effectively go to zero anyway, because confidence in crypto would be shattered completely and permanently.

>>18850199
There's always going to be a distribution of people doing different things. I'm predicting a change in trends, not that every single person had a change of heart overnight.

i pulled my money out of crypto to buy silver and ammo. if the price has bottomed out in a couple weeks, i'll put more money in to wait to buy the crash though...

>>18850346
meant to say, if the price hasn't bottomed out yet

I saw Bitcoin go down today and bought a little more of it. I like it! If it goes down more. I'll buy more no matter which way it moves.

>>18850206
all the new ETH and altcoin millionaires would be pretty confident in it. normies got burned bad at ATH and people still like crypto.

>>18850472
based

>>18850206
>confidence in crypto

>>18849823
Hold long (2+ years for BTC).
Win.
Not hard (but you will still sell and lose).

>>18850472
>"Saw Bitcoin go down today and bought a little more of it."
>It's literally dumping
>"I like it!"

You frequent reddit, don't you?

>>18849889
>hurrdurr muh 50% drop
>conveniently doesnt mention the 100%+ gains since then
>doesnt understand what goes up must go down

>>18849916
that's when bitcoin is gonna decouple jackass. the market AND everyman's checking accounts are literally overflowing with cash. bitcoin is in place to COUNTER hyperinflation and the next leg down will spur this realization

>>18849917
it's backed by deflationary measures and right now the world is teetering on hyperinflation due to covid

>>18849964
hyperinflation in FIAT. the literal reason bitcoin came into this world lmao

>>18850716
what's going down is value in traditional currencies because they've been flooded

>>18849823
the fact that so many newfriends think the halvening is such a bullish event shows that the price has so much to fall before really going on a bullrun.

>>18850889
any other circumstance, i would whole-heartedly agree with you. but covid flipped the switch. global fiat currencies are spiraling out of control otherwise people wouldn't be clamoring over how much money they have. and this is the literal sole reason for bitcoin's implementation.

>>18850648
I've never had a Reddit account. Politically I'm similar to "alt-right".

>>18849823
every time bitcoin halfs it literally halfs the price and then it goes up more a few months later in price from where it was, at least this is the trend

>>18850941
I politely disagree with you. Global fiat currencies have been spiraling out of control since the genesis of BTC, hence why satoshi signed the first block with his message about chancellor bailing out banks again. Furthermore, tether is often postulated to be propping up the value of BTC, its value given buy its backing by fiat USD. Its becomes a very interesting proposition to have a speculative currencies value driven by a fiat currency.

I think threads like these (and the influx of similar daft threads regarding the 'impending' run up from the halvening, and even to an extent, similar attitudes to yours, get absolutely decimated, destroyed, eaten up, and spat out by manipulated markets such as cryptocurrencies. Given this halvening coincides with a global epidemic, and is the first one after the mainstream media bullrun of 2017, i'm prepared for another killing spree by market makers. Let alone the MTGOX coins preparing to be sold off. It would be common sense to expect the price to rise when assessing the stock to flow charts of bitcoin - hence why I think for the short term, people have to really capitulate and have their hopes destroyed before the run up can start post halvening.

Long term I think 100% we will have a big run up inline with the stock to flow graph, but I believe the worst is yet to come.

>>18849823
>Why isn't Bitcoin going up?

Because not enough people are buying. MMs are trying to pump BTC to get more people to buy, but it isn't working very well. Why would people get into BTC right now when it's performing even worst than stocks? I expect a massive dump in the near future.

>>18850174
I done like this bros
I’ve lost my gains and I’m net negative when I think it’ll go down, it goes up the next morning
When I think it’s going up, it’s down 200
Why man i keep hodling but these -5%ers are killing me
It’s so much

>>18849856
>due this being the final one

I doubt we'll see eth staying under 200 if it goes below at all today. Futures are improving a lot. So unless musk or trump farts all over their keyboards while logged on to Twitter, it'll be a weak slow day in stocks, making crypto regain a bit confidence. And stay above 200. Though if it does go and stay below, I expect a huge drop before recover rally. Don't think this week will be the bloody week yet.