/biz/ - Business & Finance

Crypto crappers are fuming. They can't break basic levels.

>>19432147

You missed the bottom AGAIN
Ngmi

>>19432510
Wrong, we have never hit the true bottom.

>>19432147
If it goes below 9k its bearish, anything else is crabbish.

And Ill add to that, if it only goes to like 92 or 93 on correction instead of pressing close to 9k, thats bullish.

>>19432147

It will go down when normies start to exit because no 100x due to muh halving.

It is When not If

Also also, alts are kicking ass. ADA is up what 16%, but so are shit like Populous and Pundi X and Ziliqa. Not calling it muh golden bull yet but it could easily work its way above 10k slowly from here. I was expecting a big dip post halvening but it was fairly small into the 8k range, grayscale is buying up more than all the new bitcoin mined, the chart is much more up and down than in previous cycles during recovery. I think people are just waiting to go, doesnt seem we will get that prolonged flatline over years like before and if we do, its still like 2-5 years until the next bullrun. Nobody wants that, not even most you bears. I really doubt thats what were looking at.

>>19432629
The biggest question is, will bitcoin go to 80-100k in this bullrun? 2020-21?
Will this be the last bullrun?

>>19432659

>to 80-100k

this is beyond retardation.

>>19432684
>this is beyond retardation

Based on what?

>>19432703

objective reality, why?

>>19432703
Any reasonable person knows these predictions are pure madness that only bitfuckers could believe.

>>19432728
>>19432749

When you guys say that you gotta remember what is bitcoin and what it mean to humanity, it's still a new technology that allow people to make transaction without any third party interference, you can hide wealth on it and just move out what else allows you to do it?

>>19432147
Yes that's right little bearie, go all in on that leveraged short. Type it in and execute.. c'mon now

>>19432659
I expect 80k at least, but it theoretically could have a shorter/higher bear cycle with a shorter top of the next run. I expect alts to far outperform it, I have no BTC at all, but I do have some BCH. It will definitely not be the last bullrun, were at like 1% adoption or something, theres a shit ton of money to be made still. The big boys are just getting in, forget that guys name, the 80s investor who just gave it a lot of institutional legitimacy. Bitcoin could reasonably go to 180k, but I think it will run into a mempool scaling wall far before that happens. I personally think its getting replaced, within the next 2 bullruns as #1.

>>19432799
>>19432659
So to be clear when I said a shorter top, I mean it could only go to 40-50k next run potentially, in a very bearish outlook. I dont think thats likely but its a possibility Ive considered. I think 30, 35k are absolutely given.

Paul Tudor Jones

>>19432807
It can't even break 10k. It will never reach ATH levels ever again. To think so is pure delusion.

>>19432799
So bitcoin need modernization before we see anything big like 180k, very interesting.
What if lightning network is the solution for it?
Dang, I really can't see bitcoin getting replaced just because of high fees, we can't forget what bitcion actually is..
But if in case for some bullshit reason it get replaced what altcoin shall replace it?

>>19432836
What youre saying is delusion, its not supposed to just rocket up immediately because you think it should. We spent a long time around like 4k 5k 6k etc, its clearly on the upward trend, it broke 10k and hit 14, it was almost 3/4 of the way to its former ATH. Its been several years, were clearly just playing around with the mental barrier like at 1k. Once it breaks 10 again its likely not to stop and likely not to go below it ever again. It dipped in the previous halving and took about 4 months to recover, then it went on its moon mission slowly over about a year before it went parabolic from about 8k. Were likely going to see it slowly climb above 20k, 25k, 30k and *then* start flying up to like 80k over a couple months before crashing down to 28k. Go ahead and cap it, thatl be fun. The only problem is the transaction cap. Buy LTC and BCH.

>>19432784
>>19432799

Those are nothing but a casino chips.

Without binance, bitmex, bitfinex and other BTC will cost 0. Ok, something below a hundred as collectibles.

ETH is just an amateur hobby project. No exchanges - tokens not needed lmao.

>>19432918
Crypto can be spent anywhere Visa is accepted in the US, soon in the EU and Canada. You missed the boat boyo.
https://www.youtube.com/watch?v=2e3-c_0WJgo

>>19432918
I unironically hold crypto as a hedge against the incoming inflation of fiat currencies.

>>19432872
Not a single moment of any day for even a second will it ever even remotely touch the ATH. Deal with it, it was a complete anomaly.

>>19432872
Interesting picture.
But we have to ask ourselves why is litecoin "cheaper, faster" than bitcoin? isn't it because the price is cheap now and therefore no much transactions on? because when bitcoin was $40 the transaction was also very very very cheap.
I feel like the problem bitcoin have all the other altcoins will also have that's why second layer is the solution I believe.

>>19432918
Disagree, before those exchanges bitcoin were a thing using many ways early adopters did buy and sell it.

>>19432954
Go to bed Peter, youre drunk.

>>19432952
This

>>19432957
No its because the block changes that were made to it similar to how BCH improved upon it. Thats not related to mempool or anything. Bitcoin always handles 7 transactions per second, its only when its bogged down beyond that in which the mempool starts backing up. LTC does 56 and BCH 60 I think? Its related to hashrate I think too, and miners just follow whats most profitable. LTC is script and BCH uses a different type of mining, I dont know *why* that means miners dont compete but they say it means that. I imagine if LTC was more profitable than BTC itself because people started switching to it over BTC that miners would just stop mining bitcoin and switch, unless it has to do with the hardware itself.

>BCH uses a different type of mining
Meant to say BTC but yea BCH too.

If you think Bitcoin is worth more than 10k then get out of investing.

$5,000,000 worth of #bitcoin SHORTED @ $9,537.59 [31/05/20 07:00:06]
Exchange: BitMEX | Pair: $XBTUSD
EXIT ALL CRYPTO MARKETS

>>19433574
Doesnt that mean btc will go up to liq it?