/biz/ - Business & Finance

>>22211488
Bear trap

Jogger, governments are printing money like toilet paper now bc Corona. You are better off with bubble money than FIAT money for the next 2-3 years

>>22211604
What's bubble money?

So where are we really at this point? Tell me where and why?

>>22211488
YES AND CHECKED

>>22211488
Obvious bear trap OP.

>>22211488
Return to mean for me would +200% so it’s not that bad

heading towards capitulation

>>22211488
Fear

>>22211793
Not the bear trap. We are before take off. The bear trap happens close to 30k. Most people think we are going through 2017. We are actually going through 2016.

2017 happens after we break 20k. The only reason you people think it's the end is because things just started heating up but don't forget that this cycle is going to see wayyyyy bigger volumes.

t. oldfag.

unironically past return to mean

>>22211902
The stock market is literally crashing

>>22211488 Checked
1488, niggers and kikes won't make it.

F-first sell off

>>22211772
Double checked

>>22211488
How are you so blind to see that this is the first sell off we have ever seen?
People who bought at 0.20 sold at 18-19. People want to be millionaires already, they are tired of waiting, I'm 147% sure these long time holders sold half of their stacks to buy houses, cars, hookers. It's been like what? 3 years already? or 2? can't really remember.

>>22211899
checked - I'd say this , worst that can happen is it drops to between 5 & 7, can't see it going lower than that

>>22211488
For the newfags we're in a bear trap but the the oldfags want you to believe we're in at least denial so you can sell us cheap bags. The decision is yours. I will say history repeats itself (hint - it's september)

>>22211902
This. BTC hasn't even reached ATH. Were nowhere near the top.

>>22212029
What happens after september, oh wise friend?

>>22211962
The stock market correlation is a meme.

>>22212066
Who cares about bitcoin. Link and a ton of ALT coins pumped to the moon

>>22211902
So we're at denial.

>>22212082
Btc and crypto goes back up. Ever since 2013 bitcoin is always in the red during september. It's literally the only month like this

>>22211604
This but unironically, people will be looking for places to stash their worth once the dollar starts inflating really hard, crypto offers a possible solution that's more affordable than some of the other ones.

>>22212094
It really isn't.

>>22212066

Btc doesn't need to reach an ath in every cycle lmao.

>>22212149
Based, time to buy as much as possible this month then ig

>>22211488
No one really knows OP, people are hoping they're early as money is to be made in bull markets, i worry that its already over with the defi run we've had.
Unironically We'll know before month end, Btc has to beat 12.2k and hold it and link has to do the same with $20. If they don't you know we are in the bull trap

>>22211488
checkek'd what does it matter its cyclical. we are at the begging again. stinky link 1000 eoy
BTFD

>>22211488
wait so where do you think we are?

bear trap?

Im selling if a "Return to normal" pump happens.

>>22212139
if you think that was the top of an overarching 4-year crypto bull cycle then you're a complete retard
we're not even at the bear trap stage—hell, we might not even be back on the left side of the chart yet
sure, defi is pumping, and will continue to pump—but that's because cefi is in full meltdown
nobody wants to be left bagholding fiat

>>22211488
Yes

>>22211902
this, if you think the bullrun has even started yet you don't remember 2017

>>22212094
Doesn't look like it

>>22212224
It historically has.

>>22212979
Untill people started taking out mortgages and creditcards to buy it at the top
Which historically it had not

>>22213036
and you think retards won't do that again? Despite what people here seem to think, 99.9999% of normies never even touched crypto before, nevermind gotten burned by it. There are so many people who could still pour money in.

>>22211603
correct. long positions have just been harvested. time to get back on track.

>>22211640

>>22211604
This is what they WANT you to believe. There is NO money printing taking place. Look up what QE actually means.

>>22212809

You're delusional. Take your pills

>>22213360
You're implying there is 10 000 people in the world doing crypto
learn math anon

>>22212809
Kek, we're obviously back on the left. Why do you think we've been pumping? We just need to wait for the real rally to start now.

>>22212979
This. End of this year to next every thing will rise and bull runs will be left and right. Before the end of 2021 cash the fuck out otherwise it’ll be 2018 for you all over again.

>>22211488
>stealth mode for a year and a half
>slow take off until April
>first sell off right before May (bear trap)
>enormous run up from May onward
>"New Paradigm" first peak
>Lower "Return to Normal" second peak
>First huge sell off, people scared, /biz/ making shitposts like "We're in denial aren't we"
You know where we're at.

>>22213766
>Implying chainlink represents the entire crypto market

>>22213818
I just look at the chart anon and say it like it is

>>22213609
>we're obviously back on the left because we're pumping
what's that thing on the far right of the chart, right after the cavernous bottom that so many coins have either just recovered from or are still in

>>22213566
checked but not an argument

>>22211488
i dont know or care because im NOT SELLING

>>22211902
>>22212066
Thanks for the sell signal.

>>22212005
Not everything revolves around your stupid fucking coin. Jesus Christ.

>>22211488
Nah, we're always in despair
Forever
We never leave despair

>>22211992
Double Double checked

>>22211488
We've been in the "return to the mean" for 2 years.

>>22211488
Bear trap

>>22211962

>tech correction
>AHHHHH MARKET IS CRASHIIINNNG

>>22212005
>people who bought at $0.20 sold at $18-$19
anyone who's been holding since $0.20 is likely never selling
as someone in this boat, they're either periodically borrowing against portions of their stack on AAVE to get more LINK, or they're using their link stacks in yield farming/other defi operations
the LINK token in and of itself has become a very common medium for representing value in defi, and the amount of debt produced against it to buy more LINK out of the hands of retards is only going to become greater; most of the ones who aren't capable of comprehending this but who DID buy at $0.20 have already sold, long ago

"the new financial elite" isn't a meme

>>22213492
So anon, tell us what qe means? Of course it's only a metaphoric saying "printing money". But what do you think happens with the trillions of dollars created through lending? It's flowing into economy, and with some delay depending on money velocity it's new money in the markets. The money is indeed generated out of nothing, you need to understand that.

>>22214404
This, been holding since then and haven’t sold a single link. I don’t want to say it’s a bear trap or if we are in denial, because I’m genuinely 50/50 right now. On the one hand, I’ve seen so many of these crashes by now that it makes me thing it’s just another one of those but we also just broke multi year resistance. So, for whatever reason to me it really doesn’t feel like this run is over by any means which is the literal definition of denial. End of 2021 / start of 2022 is going to be wild I think
>t. 1000 stinky wallet holder

>>22211488
Time for another round of helicopter money

>>22213766
I can't stand these idiotic chainlink fags anymore. They automatically assume every thread circles around their retarded scamcoin.

>>22214540
Meant
>t. Top 1000 stinky wallet holder

>>22214577
Checked, it pisses me the fuck off, you can't have a reasonable discussion about anything without hearing
>NOOO MY LINKIES ARE DOWN NOOOOOO

>>22211488
Who's with me? x10 tonight!

Price [USD]: $0.140
Price [ETH]: 0.000369
1 ETH = 2,713 WENB
Volume (24h): $8.15K
Diluted MCap: $247.45K
Token Holders: 131
Trades (24h): 20

< 200 hodlers
<250K MC

https://app.uniswap.org/#/swap?inputCurrency=0x46f4e420c75401494a39b70653f4bbb88ad2d728

>>22214627
>my inflated tokens will be bought by companies in the future who are performing on chain requests through self-executing smart-contracts which consist of a few lines of code and will replace complex business processes and clearing

>>22211603
This

>>22215000
Yes.

>>22215655
Lol

>>22211488
almost missed those digits...Checked

>>22211902
This man isn't wrong. Buy btc, fuck altcoins. If you're scared or you have anxiety about shitcoins, just put your money in BTC, worst case scenario is 8-9k, then instant shot back up because of whale bids.

>>22215727
Kek

>>22211980

I'm not so sure we're following the stereotype given how severe the crash in March was and BTC's long-term resistances and supports around the 9k mark. I think we're going back to 9k and then who tf knows

>>2221572
Sieg heil mein fuhrer!

>>22214577
>I can't stand these idiotic chainlink fags anymore. They automatically assume every thread circles around their retarded scamcoin.

>>22215903
Huh, now this picture you saved on your phone to use in case someone contradicts is really hurting me. Would you please post your jawline fatty?

>>22211603
Unironically this. Last bullrun literally every normie was talking about ico's and shit, you couldn't even read a news website without seeing an article about crypto. How many people know about defi at this point? How many "What's the Deal With Smartcontracts?" or "How to stake your tokens" info spots have you seen on the news so far? Before mainstream coverage we simply cannot be in a bubble.

>>22216226
>Huh, now this picture you saved on your phone to use in case someone contradicts is really hurting me. Would you please post your jawline fatty?

>>22211488
>Sieg Heil

>>22211488
denial river

>>22211640
All this bullshit

>>22211704
likely at the bear trap

time to start shorting

>>22211902
Truth. This little mini bull is what making gains actually feels like instead of crashing for 2 years. But it's no bull run. We're just getting started. You'll know when we're reaching the top because you'll have convinced yourself that your picks are infallible and everyone will be taking about how they're going to be fuck you rich. Dec 2017 - Jan 2018 was insanity. We're nowhere even close to that.

>>22211488
In theory this chart is accurate
In reality the whole market just crashed so it’s hard to determine how sentiment on this particular asset is atm

we are in a long term minsky moment

>>22212094
March and the previous few hours would like to have a word with you.