/biz/ - Business & Finance

>>24084976
i just farted in your moms mouth

>>24084976
you realise 22% of ALL usd EVER printed was in 2020 alone.

if that doesnt scare the shit out of you, you're ngmi.

>>24084976
your tears... so nice.. so salty

zoom out faggit

>>24084976
Suck my cock beartoid.

>>24084976
75k will be the new euphoria

>>24084976
seethe

>>24084976
im gonna nut in your grandma's mouth nigga.

>>24084976
Soon... very soon.

Indeed its not like 2017 newfaggot.
Euphoria was when BTC has gone from 17 to 18k in a couple of hours with every single normie and news channel talking about it live. And half of /biz/ was green wojacks OOOOOOOOOOooooing.

>>24085010
Implying that any of bulltards actually know why the Fed actually "prints" money.

>>24084976
Oh no boob, getting nervous?

>implying I only own BTC

That's where you're wrong kiddo, besides altcoins, I also own shares PMs and hold some cash too

>>24084976
The candles are still shorter

>>24084976

>>24085085

>>24084976
It'll correct soon, we're one green weekly candle away from printing our 7th in a row, the last time we got this many green consecutive candles was in 2017 (8) followed by a ~38% correction. That'll bring us to ~$11,500/BTC. That is the time to buy.

>>24084976
I'm hoping it will come back down to the 13k range, but knowing my luck it will go to 22k and settle above 20k for no fucking reason.

>>24085073
>supply of usd up
hMmM i wOnDeR wHaT iT MeAns

(prices goes up, hence the btc increase)

>>24085123
I’m banking on it. I’ve made some amazing gains in eRSDL recently that I want to put into bitcoin but it’s not worth my time until there’s a significant correction.

>>24084976
month ago we were below 12k, but don't worry bros it's totally sustainable the price manipulation has finally ended and we are in price discovery. Next stop 100k.

>>24085123
Yep, bulltards are screaming about 100K just the way they were screaming about 100K in December 2017.

Nothing changes. They will once again hold everyone's bags till 2023.

we are essentially in 2016 right now, the king is approaching the last ath of 1000$ again for the first time since 2013

>>24084976
Damnit you're right.

Damnit.

Bitcoin just sort of fizzles out at its previous ATH during the greatest inflationary event in modern history, with no letup in QE which devalues fiat in the double digits for years. When interest as a store of value is exploding relative to gold when has a fraction of the market cap. Especially when banks like JPMorgan are flipping from calling it a "fraud" to saying it has "considerable upside". When institutions are literally buying in like MicroStrategy and Square (that we know of). When Fidelity is starting to broker it to their clients. When Central Bank Digital Currencies are coming which will make Bitcoin the obvious store of value digital currency. As the metrics show no new retail interest, large buy orders (hint hint) and the exchanges are being bled out of their holdings.

2017 all over again!

>>24085123
This, see >>24085113 circle is where we are right now. Once we hit ATH we'll see a massive dump to shake out all the weak hands, before continuing up.

Just like the last time
And the time before that
And the time before that

>>24084976
its because we are just getting started ;^)

>>24085234
yep, some random anon is smarter than all these institutions adoption digital currency.

....who would have known

>>24084976
Also, what's up with the constant retarded fearposting? We all know there is going to be a pullback at some point.

>>24084976
>implying i will ever cashout for FIAT
regardless of the price, i will only have BTC, if you cashout in USD you are a C.U.C.K.

In 2017 everyone had a fucking job and could fly around in airplanes and eat at restaurants. This isn't a fomo rally. This is a FEAR rally.

>>24085234
>>24085256
They certainly are not shilling BTC now because they bought in a lot earlier and want normies to come in late to hold their bags lmao.

The 2017 was a single trader working with bitfinex and tether to move the price.

1What do you think about DYMMAX (dymmax.com)? Does anyone join it?

Discovered their staking system, looks amazing, modernistic solutions and instruments without collateral. They cooperate with China, USA and provide new functions for investors and crypto enthusiasts

>>24084976
this is like 2016 when Orange Man won newfag.

>>24084976
>No euphoria.
that's actually true. No one is euphoric right now, it's as if it was a normal pump. Google trends barely went up...

Imagine when actual euphoria starts. Bobos truly are mentally challenged.

>>24085356
Exactly, everyone is afraid their assets will become worthless, people need a hard asset right now and gold isn't finite. What better answer to a question of finding an asset that is limited, trust-less and decentralized then Bitcoin.

300k is a safe estimate, we could see half a million by 2022.

>>24085474
Google trends do not go up because everyone knows what Bitcoin is, you dumb monkey.

>>24085225
this

>>24085220
100k during this cycle is definitely attainable. But nobody is saying there won't be major pullbacks to the 20 week moving average along the way, just like in 2017

This feels like early 2017 to me, BTC gains are starting to make noise and soon everyone will fomo in again except the fomo is gonna start at 21k instead of 5k

>>24085482
hey
Bitcoin is a great concept, and it's proving to be a phenomenally resilient asset (payment system even!), but I think you might be getting a little carried away by the Winklevoss or whatever.
There are A LOT of finite things, especially to human beings.
Bitcoin was literally designed so that while it's supply is limited 'mining' it will mimic gold in that marginally the new addition by volume is insignificant but profitable therefore guaranteeing we have computation.
By the way gold not being inflationary enough was kinda the reason people turned to fiat.
Bitcoin is fucking awesome but keep big picture in mind!

>>24085482
>yep, bitcoin will be worth half a million in a year!
You need to go back

>>24086251
I mean we printed money for sure but lmao a trillion is kinda still a lot of money and bitcoin 100% dominant would need a couple trilly to start living up to those expectations.
For sure possible but like maybe print a little more first lol

>>24084976
December 2017 saw prices like these after only breaking the previous all time high of 1k earlier that year. The price now is coming after a multi-year bear market. Only now are we retesting the ATH. This is end of 2016.

>>24086326
>What is inflation
>What is hyperinflation
I hope you enjoy paying 1 million for your toilet roll with your zimbabwe currency

>>24084976
> imagine thinking this is december 2017

>>24084976

Bitcoin is still way undervalued

>>24086444
Chekt

>>24085611
It's because this is just the beginning. Newfag. When bitcoin will surpass the previous ATH you'll see the real FOMO. And the bull run will last until 2022. screencap this

>>24086173
BTC is a shit payment method, but it shines when you transfer a lot of value. I'm not saying it's value derives from it being finite, more so that it's decentralized, trust-less and it happens to ALSO be finite.

>Bitcoin was literally designed so that while it's supply is limited 'mining' it will mimic gold in that marginally the new addition by volume is insignificant but profitable therefore guaranteeing we have computation.

That's a given, in the long run, BTC will become a black hole of wealth and could fuck us over due to mining, so it was thought through too well.

I was memeing too, I say we hit 50k, maybe 100k, very unlikely though. Been in crypto since 2015, holding 98 BTC.

No one actually gives a fuck about the tech, we just want to be rich.

>>24084976
Sarcasm is for midwits.

>>24085062
I don't think green wojaks existed until early 2018

>>24084976
Of course it isn't like December 2017. The equivalent of this move is Nov-Dec 2016 when btc went from 800 to 1k. In Dec of 2017 Btc was at 15x the high of the previous cycle. That would be like a 300k btc today.

>>24084976
Surely..

>>24085085
I think that people overlook the fact that a lot more people know about bitcoin these days, they don't have to just Google "bitcoin".

>>24085073
you smell new

>>24085062
It will never be the same. That was a fuckin magical time. Trump was only in for less than a year and we still had hope he was gonna do something. Everything seemed like it was going perfect. I think this time doesn't feel the same because a piece of me literally got stuck in that time. It was too good to not let go. Part of me died with that 2017 bull run. The depression of that 4k bottom was so fucking heavy that I never shook the underlying feeling that I'm a failure who lost all his money

>>24086518
It could also fuck us over when people don't feel like letting crypto steal all the electricity, hardware and minds to compute our digits lmfao.
I don't care how profitable it is times people not gunna send even their solar power sourced watts to process meme coins.

>>24086518
>BTC is a shit payment method,
xrp will fix that

>>24084976
2017 + 4 = 2021
Learn math anon
Also
2017 - 4 = 2013
2013 - 4 = 2009
Go look at the chart

>>24084976
This is 90% Chinese and South American money pumping in because their currency are failing.

>>24086518
98 btc... 98 tokens to enter elysium while the rest of us are left to die.

You vill eat ze bugs no matter vhwere ze precious "candleschticks" of yours travel.

- ORDO AB CHAO -

>>24085010
>>24085062
>>24085085
>>24085113

Why do you fags argue with the nu/biz/, newfags and tourists.
Just FUD bitcoin and let them be poor. I am 90% sure an oldfag made this thread.
Remember it doesn’t matter if you win, you need the others to lose, thats the biggest dopamine rush you’ll get.

wasn't it around $75,000 that BTC blows past Apple in terms of worth?

I really don't see us going past that.

Wait until Okex is up and running again next week. Dump.

>>24086173
Obvious boomer is obvious

>>24086895
Kek, I am always torn between giving my honest advice or fudding not to obviously but anyone who's 130 iq or higher will have 0 problem filtering out.

I wonder if anyone actually thinks of bitcoin as boomer coin, China coin, old tech, etc, I think it is oldfags too.

t. 2013 bitcoiner

>>24086549
False

>>24085123
We have to hit the ATH first. Afterwards it will correct, yes

>>24086950
Let's not even get into how overvalued Apple is, which is not even an argument at this point as it's been agreed that people are using Apple as a safe haven store of value.

It's not competing with Apple. It's a global, sleepless, trustless borderless pristinely hard money asset class all its own. It's competing with gold. Only it's many factors superior to gold.

It’s nothing like 2017 idiot. Before November/December 2017 we had over a year of bull market and altseason. There were a few crashes (including that 99.99% ETH crash in 3 seconds kek) but there was a steady growth upwards past 1k. If this was like December 2017 we should have been making new ATHs consistently over the last year.

You want to know where it looks like we’re at? Check this article by the bbc in late 2016:

https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-38495804

It’s literally identical to this one from a few days ago, even down to the timeline:
https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-54982604

>>24087092
Most oldfags know 100% they will make it it’s not a question of if but when.
In the meantime lets have fun spreading disinfo.

>>24086589
>It will never be the same. That was a fuckin magical time. Trump was only in for less than a year and we still had hope he was gonna do something. Everything seemed like it was going perfect. I think this time doesn't feel the same because a piece of me literally got stuck in that time. It was too good to not let go. Part of me died with that 2017 bull run. The depression of that 4k bottom was so fucking heavy that I never shook the underlying feeling that I'm a failure who lost all his money
Yeah, it was amazing. Just kept winning and winning that year.
>"We're going to win so much. You're going to get tired of winning. you’re going to say, ‘Please Mr. President, I have a headache. Please, don't win so much. This is getting terrible.’ And I'm going to say, ‘No, we have to make America great again.’ You're gonna say, ‘Please.’ I said, ‘Nope, nope. We're gonna keep winning.’"

>>24085010
2021 is going to have net dollar destruction due to enormous number of debt defaults.
There's going to be deflation, not inflation.
Everything is on pause right now.

>>24087020
24 yr old VHNWI
just think differently also never worked a job i've just done this so might be that

>>24086895
thanks Satan

>>24085073
The fed can print as much money as they want and it literally wouldn't have any effect on our economy. One fed chair member was asked why the US didn't see massive inflation after '08, and they said, "I literally have no idea, so it [printing] is inconsequential. Printing money is only a win/win."
Anyone that thinks as will see inflation/recession from printing 5 trillion dollars in the last 8 months is a fudder. Bitcoin going up 4x in the past 6 months is entirely unrelated, it's just a coincidence. Trust me, the fed knows what they're doing with the interest rates and money printer. It's basically a money hack that lets them control the global economy with nothing but a spread sheet. If anything we should be worried that the USD might outrun Bitcoin long term. That's why I'm converting my bitcoin to USD as soon as I can.

>>24087252
>Before November/December 2017 we had over a year of bull market and altseason
so literally 2020?
are you so disconnected from crypto you missed the entire defi bubble?

>>24084976
It will crash eventually but i think there is still some upside, maybe some pullback then a jump then a crash then start rhe cycle again

>>24087308
This is the mindset of old biz
Based oldbiz poster

>>24087391
I agree with this guy ^ & we are fine all is well
Gold, Housing, Bitcoin and other signs of inflation are only going up because of political instability which has been fixed now because Biden has won!

>>24087391>>24087391
>the USD might outrun Bitcoin long term
>the fed knows what they're doing with the interest rates and money printer.

topkek I might use this some time 5/8

>>24085073

No wojaks == no euphoria. I see no wojaks. Bullish.

>>24087457
with some work it could be pasta

>>24086549
Newfag

>>24087410
Defi does not compare with the 2017 run so far kek, it’s nowhere near. Crypto market cap went from $17b to $600b in 2017. Defi run has taken crypto from $150-200b to $500b. It’s nowhere near the level of growth or mania, fucking Tesla has outperformed the crypto market cap in 2020

>It may be hedge funds, rather than retail investors, that are driving this autumn's rally in the price of Bitcoin. And this time round, the institutional investors are buying exchange-traded products as well as the underlying cryptocurrency. A Bitcoin ETP managed by Swiss issuer 21Shares is receiving creations -- the equivalent of inflows -- of as much as $3 million a day. In November last year, it took all month to attract the same amount of new money.

>>24087391
???

Do you understand how Keynesian policies work? Yes, they're targeting inflation for fear of deflation. But that doesn't stop asset inflation. The dollar is bullish short term. From a geopolitical standpoint it's better than all other currencies via the Bretton Woods system (which we are actively leaving). No one invests in USD though, it's simply a means of exchange. Even if the dollar pumps significantly, DXY will pay you negligible returns.

You have the same amount of dollars in your piggy bank but your money is being devalued. That's why asset prices go up, that's why real estate is so unaffordable, that's why bonds are broken, that's why Pokemon cards cost a fortune. The boom and bust Keynesian cycle will never stop. The Fed is literally addicted to stimulus and cannot get off of it without more of it. It's a vicious cycle. Getting into the one asset that literally cannot be fucked with is quite prudent.

>>24084976
This, so much this.

Get ready for a crash to 3k again. This is just a repeat of 2017.

>>24087823
If it's a repeat of 2017 then the crash will end up much higher than 3k. think about it

>>24087823
Actually I disagree. There is a consensus, more or less.... for denial.

And the mainstream? Not even near 2017 levels. In fact, I think this is early in the cycle

>>24085078
>shares PMs
Anon, I...

>>24086895
>>24087092
I only give genuine advice to newfags that aren't cringe, which is only around .1% of them

>>24085010
2013 fag here. Money being printed doesn't matter as long as there's a demand for it, and there is a demand for dollars.

We are entering euphoria levels, big correction coming.

Is DMX token good one?

Join in a referral program on Probit for DYMMAX (dymmax.com), international platform, they cooperate with blockchain platforms and ecosystem of China, USA and etc.

>>24088035
Money printing doesn't matter relative to other nations money printing. ECB is printing sure, BoE is too, but relative to China? Relative to other nations? No it does have an impact in this case.

>>24085009
thanks just bought 100k

>>24088035
Everyone flocks to the dollar during crisis'. Even in in the Great Recession, money was pouring into the dollar and we were the cause of the crisis (chuckle). This is the micro view. You're not thinking in macro terms. The burrito index tracks true inflation which is 7% a year. The Fed gives CPI numbers so people don't freak out, but most people aren't financially educated so there mostly aren't meaningful populist movements in this regard. The bottom line is that everything that matters (real estate, annuity streams, assets) get more expensive as the dollar is continuously devalued perpetually.

Wouldn't it be nice if there was something that didn't inflate perpetually? All eyes on Bitcoin. The reason Bitcoin is pumping is because what the hell are you going to sell your Bitcoin for exactly?

I agree with you. A good feature for traders should get profit in all stages of the market. We just have to get enough garanties and min risks, like on Dymmax (dymmax.com) platform

>>24087391
based and fedpilled

The bear case for the dollar is equally retarded. I'm sorry but if you think the devalue meme means impending debasement youre a retard. The burrito index? lmao. DXY is what matters.

So ride till you cant...then short it

>>24087391
This is so retarded, it's intelligent

Good post anon

>>24088343
It's also fundamental to understanding how the landscape has changed over the years. Boomers had bonds (what's the yield on a bond today? they're going negative), real estate (real estate is vastly more and disproportionately expensive now), and a cheap stock market.

Millenial's have none of that and metrics show that Millenial's only hold 5% of the wealth and they have much less net worth than their boomer counterparts at the same age.

Things change. The 60/40 portfolio is effectively dead or otherwise high risk right now. Buy real estate if you can afford it. But the asset with BY FAR the most asymmetric upside is Bitcoin. After reviewing different asset classes JPMorgans analyst group recently said "Something appears wrong, and it looks like the price of Bitcoin." Nothing else comes remotely close.

>>24085016
Actually I change my answer I think we're going to 0

>>24088602
>Something appears wrong, and it looks like the price of Bitcoin
What does that mean?

>>24088888
https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitinvthessisstoreofvalue.pdf

pg15

You should read the whole thing though

>>24086895
this lol

shill xrp to the newfags

>>24088888
Lol

>>24087340
Damn how did we fall for such blatant hopium lol it was too many promises to deliver desu

>>24084976
It looks clear at this point that BTC will break a new ATH. I have no idea why, there isn’t euphoria, there is no Asuka prophecy. But here we are. How high will it get before plunging again? As we know from the past these cryptos can expand new ATHs in bull runs by orders of magnitude. So if one order of magnitude, $200,000 USD/BTC?

>>24087391
yes, the fed can print ad infinitum. yes, it will work out fine as long as us government debt is in mostly us$, but don't think for a second that rates are coming back up ever again. look at japan what's happening.

the BOJ has been printing for 30 years. when printing didn't work anymore, they intervened and started buying equity and fixed income aka quantitative easing. this will go on until the japanese figure out that they are slowly being dispossessed through currency depreciation. their asset prices are through the roof. try getting a family apartment in an area of high population density.

the exact same thing is happening in europe, except we don't have good productivity and we don't have a cohesive economic bloc. real estate prices are insane. equity is overpriced, too given the state of the eurozone.

the only way to outrun the printers is to stop playing their game. crypto could be the way out, but no one knows.

anyway, fuck the ecb, fuck the fed and most of all fuck the boj for giving our boys these retarded ideas of infinite money supply.

These fucking faggots ITT repeating this "erm, akshully QE is deflationary and it isn't printing money because blah blah" shit they heard from morons on youtube.

Imagine not understanding that the banks print on the Fed's behalf every time they issue new debt.

Imagine not understanding that most of that debt/money is chasing assets because line only go up.

Imagine thinking that bad debts won't be forgiven or that total debt/money will shrink.

>>24089401
>there is no Asuka prophecy.

Anon, I...

>>24087750
>>24087750
>Bretton Woods system (which we are actively leaving)
source?

>>24085010
Most of the newly printed dollars exist only as Fed "assets"

>>24090474
Exactly. The "money supply" is the salient metrics here. Anons act like its venezuela tier money printing going on.

>>24090474
They bought the assets from an institution that paid bonuses for the profits it provided. Everyone in the process is trying to extract these dollars for their own consumption. The inflation on consumer goods is spread over years and demand for dollars from all over the planet but it still happens.

>>24086518
Youre a retard and out of touch if you think people dont care about the tech. Youre stuck in the past and will sell your bitcoin for less than what it is worth probably to a smart wall street guy

>>24084976
It'll keep going up this time too. The big boom bust crap doesn't come until the normidiots get riled up again. I see no signs of that yet at all.

Enjoy!

>>24090114
Are you implying there is a prophecy this cycle?

You had 10 fucking years, my dear no-coiner. Please keep your worthless fiat and gtfo.

>>24089575
Hello moot

>>24084976
I'm going to make your mom eat my ass then get her to kiss you before bedtime

>>24088961
>bitinvthessisstoreofvalue
>thessis

>>24087391
The US and USD are not a closed system. Inflation is related to and dependent on what other currencies are doing. In 2008 everyone was printing and pumping. So relatively Inflation didn't happen.

>>24088035
I think this is misplaced, there is a demand for getting out of dollar denominated DEBT. No one gives a flying fuck about the dollar itself. If there was no debt the dollar would easily be worth less than dust by now. The only question becomes, what can you invest in that will suck up all the excess dollar liquidity to avoid the great dollar/debt reset? Hmm gee I fucking wonder, it’s not like this board has been obsessed with this question for years

>>24086400
Basically this.

This literally, LITERALLY happened in 2016 when btc passed its previous ATH.

LITERALLY

Everything is falling into place. Fiat is being printed into infinity, bonds are absolutely crushed, equities are overbought. There is so much money sloshing around in the game of musical chairs and everyone is desperately looking for their chair to sit on before the music stops, and there aren't many chairs left.

>>24091849
Based

>>24091849
plus ça change...

>>24085034
I honestly think this goes to 300k then crashes to 100k

>>24091967
an interesting piece of history :)

>>24085356
i can do that just fine, where do you live? north korea?

>>24092016
Thanks to stf everyone will be looking at 100k, it will likely peak above that most likely (but only for like a month like all the previous blowout tops) but everyone that has been in the space will probably start exiting at that point before bag holders get absolutely destroyed.

With that said, I am fairly confident btc is hitting 50k, but anything after that is anybodies guess.

>>24085060
*BANG*
bobo ded
huehuehue

>>24084976
the days of mega gains are long gone. now you been getting better gains with tech stocks for example

>>24087391
You almost had me.

>>24090919
Yes its called s2f lol

>>24092313
Lol. Wrong

>>24084976
the fomo hasnt even begun yet

>>24092611
This is the first I have heard of this, what is it?

>>24092016
It'll crash to 50k, possibly lower.

>>24085010
The USD cash savings you had in Dec 2019 are worth 22% less in real terms basically

>>24092713
nobody in retail is going to buy. most people who invests crypto instead of stocks are seeking mega gains. they look price, 20k, not interested, market cap too high. 100% gains for example that would require massive 350b increase are nothing for pajeet investors

>>24092763
Search: Bitcoin stock to flow model.
Are you a newfag

>>24092611
Just DuckDuckGo’d it, stock to flow. Predicting 100k-288k BTC by EOY 2021. I could see that, we are making a good sustainable growth to that range this year.

>>24092876
Yeah right, pajeet. Normie retail investors are looking at paypal, venmo, and stripe with very curated options, ie btc, ltc

only degen gamblers are looking to moon on shitcoins

>>24092937
frankly, we're breaking ATH at the beginning of the bullrun with mass institutional investment

the ride has just begun

>>24092995
or more like mass tethering, fed funds that drive headlines and zero retail

>>24089623
Imagine thinking that the house always loses and the gambler always wins. Broker-dealers are willing to take short positions because they know you'll all be suckers in the end. All debts mature in time.

Also, that momentary spike in M2 money supply can disappear in 5 days. Keep dreaming about that fabled money printer.

>>24089575
It's funny how the BOJ can keep printing money but the value of the Yen simultaneously increases. In fact the Yen held onto it's value better than any other currency on Earth because of the BOJ.

Read about the Yen carry trade. The Chinese Yuan will be the next Japanese Yen as it too appreciates in price and China gets its own version of the lost decades on steroids.

>>24092937
Bingo. But....
Anons here saying we dont retrace it should be remembered bitcoin had several 30% corrections during 2017's run from 1k to 20k. Also christmas is coming

then get geeq for quickest alt 100x of your.life

>>24093238
I honestly don't expect any (((major))) retrace until jan 2021

Thanksgiving pump
Christmas pump
Trump pump

>>24087092
I have a 130+ iq and I have deduced that you are not a 2013 bitcoiner.
If you were, you wouldn't be shitposting on biz.

>>24085123
20k first and then mega correction.

Taking some gains out for Union, since Alameda's in and Biden's in his Tele group.

https://medium.com/union-finance-updates-ideas/union-unn-sale-geyser-roadmap-best-practices-e0af1339f429

>>24092969
>Yeah right, pajeet. Normie retail investors are looking at paypal, venmo, and stripe with very curated options, ie btc, ltc
>only degen gamblers are looking to moon on shitcoins
While I'm 90% ETH, people that do look at altcoins will be taking profits and allocating some % to shitcoins.

Basically, they'll get a lot of normie money and won't feel too bad gambling a "small" part of it= alt season

>>24093577
yeah, but we're talking about normies, who will buy the options most easily presented to them. they won't be hunting low cap gems because that requires not cooming for 5 mins

i don't even consider eth to be an altcoin desu, and yes, you see btc go up, then people take profits into eth.

>>24084976
if you watch those candles closely, you can literally read PNK. you see?

>>24085123
>>24085246
This is what I'm waiting for to buy in.

>>24094083
What if we don't see a major correction until $40k, and then it crashes down to $20k

>>24094166
Then I'll be pretty sad. I'm already mad that I never bought in in the first place.

>>24085062
good times man

>>24085220
>They will once again hold everyone's bags till 2023.

This. We will crash here and it will be another 3 year bear market

(do you fucking morons actually believe the shit you say? holy fuck)

>>24086549

>>24093469
From 2013-2017 I made $4k from crypto. In December 2017 I made $500k.

>>24087391
>The fed can print as much money as they want and it literally wouldn't have any effect on our economy

>>24093469
Deduce away, Anon.

If BTC doesn't go above 20k then its the end of Bitcoin.

It will reach 27k. I say 50k, at most.

>>24092016
350k to 240k

>>24093469
>If you were, you wouldn't be shitposting on biz.
>Calling someone else a newfag by implying you're not here forever.

>>24085225
This
It doesn't feel like mid to late 2017 at all
Even this shithole is still reasonably balanced

>>24094599
but WHEN do we correct?
I'd figure people expect institutions and other people to dump shorty before lasts ATH but I don't knooow

>>24091967
The level of coherent sentences/grammar in that thread amaze me, was pre-2017 biz all like that

>>24087252
kek, they just recycled the headline

>>24084976
this but unironically

>>24094599
Wow you sound like an expert. What you say is how it must be

>>24084976
Don’t care not selling till bitcoin hits 500k

>>24086563
Bingo, I was around for that and it was glorious.

>>24095745
Probably in a month.

>>24095953
Of course it is, ya pajeet. Why DYOR when you have anon??

>>24095849
>The level of coherent sentences/grammar in that thread amaze me
>The level amaze me
*amazes

no one being retarded bullish is bullish, it means the hype didnt even start yet

>>24085611
how do you google search something if you don't know what it is?

>>24085010
It does scare me which is why I'm balls deep in a real store of value, precious metals. Last thing I want to be in right now is paper and digital 'assets'.

>>24086573
doesn't that include searches with the word "bitcoin" included?

once it hits $19.5, convert to stable coin for 2-4 weeks while everything dumps hard. then in late december move it to alt/shitcoins and watch them go to the moon. then move it back to bitcoin for the $150k bull run, effectively doubling or tripling your original bitcoin #s had you just rode it out

is that the plan?

>>24087410
every previous cycle mooned PAST its previous ath. we haven't even got to that point yet.

>>24087391
what do they do with the money after they print it? just sit on it? anyway we do see a lot of inflation but they're pretty good at hiding it by changing the benchmarks they use to measure it. even if they use the same benchmarks, everything is made more cheaply now so they can inflate without us even knowing about it because the price is staying the same at the store.

>>24097218
>while everything dumps hard
its time for alts as soon as btc calms down

>>24097218
>while everything dumps hard
y not shorting?

>>24097151
>precious metals
lul

>>24097218

Nobody knows. You could have a right on the money spot on play, it could just keep climbing and go past to a far higher ATH and you end up horribly priced out.

when btc dumps alts will dump too before rising.. i guess.. right right
using an trading bot atm but nearly all positions are long
kinda nervous desu
feels good to be not in control over them, but also stressful

>>24097151

>>24085246
but honestly who is left to sell???

every cycle shakes out weak hands and you left with only the battle hardened iorn hodl.

BTC selects for Hodl

>>24085256
you mean the institutions that have dissed BTC for years just to be rug pulled by the FED

>>24086518
>No one actually gives a fuck about the tech, we just want to be rich.


but that is caring about the tech, wanting to be rich>

Also you will find you can't sell it all out beucase you wont feel safe in FIAT and you have to watch BTC every day thinking fuck, that million i have was cost me 10 million

>>24085010
You realize Tether printed 14 billion USDT out of thin air this year? You crypto cucks are same retards as fiat cucks. Both printing money backed by shit.

>>24098205
who cares

>>24086589
>depression of that 4k bottom

>it was 30$ in 2013 so 100,000% UP

>>24084976
To bad I don't own any BTC I would sell the shit out of them

>>24086589
>tfw reloaded more into my stack at the 4k bottom
you're kinda bad at this arent you anon?

>>24098250
if you think btc will fall, why dont you short it

>>24084976
I really don’t feel any euphoria. But maybe I’m dead inside after all this years here

>>24084976
yeah in 2017 we at least had some pullbacks along the way unlike this time around where it's nothing but green every day

>>24085393
It's the same shit now, except Huobi and Binance is involved. Just go check the whale alert Twitter. It's full of $30 million USDT transfers from Tether to treasury.

>>24098288
Fuck. Meant exchanges.

>>24094477

>>24098276
same bro

I think it was always expected that BTC will get this high again in value so euphoria will only come from a significantly higher ATH

>>24098224
You should care, dimwit. Tether is losing the lawsuit in NY. It's only matter of time before they get shut down and that faggot Paolo arrested.

>>24085009
fpbp

Unfortunately, Bitcoin will succeed for a much more sinister reason, blockchain technology as a whole is coming down the pipe, it will be invasive in how it operates, there is no off switch. Think of BTC, not as a monetary store, more as a proof of concept for normies.

>>24085246

We may not see the post-ATH dump this time, since the Covid crash annihilated all weak hands this year. Eventually we will have a correction of course, it just may come a bit later than people anticipate.

>>24084976
I feel like we will hit 100k but im expecting a huge dip to like 12k but idfk that may just be hopium to buy more

What’s the easiest way to survive the crash ? Tether?

Im kinda nervous about moving my btc around now

>>24098823
What crash? Maybe 50k to 30k or 100k to 50-60k

>>24098893
23k to 12k

>>24098893
Ive been around long enough to know there’s going to be a massive dump,but long term it’s still going to keep rising

>>24098960
Dream on

>>24098396
we've seen a quick selloff at every resistance line on the way up, we'll probably see a dump but it might not be 30% like people are hoping, maybe only 15-20% dump

I'm going balls deep into altcoin longs when we do get a 15-30% dip

>>24086895
this. watching nolinker seethe is honestly am amazing feeling.

gonna be even better to watch schiff capitulate. I will make a poster out of his twitter post about trading in his gold for bitcoin and put it on my garage wall next to my lamborghini

>>24098250
that isn't a problem, you can borrow them

>>24086589
This. I never doubted that BTC would break its all time high again one day even when it went down to 4k, but the psychological shock of that rollercoaster ride really numbed me to the point where this new run barely has me raising my eyes, whereas I was shitting my pants with joy in 2017. I also am not taking it for granted because the conditions are different this year obviously, and anything can happen from now until Q1 2021.

>>24099809
>but the psychological shock of that rollercoaster ride really numbed me to the point where this new run barely has me raising my eyes, whereas I was shitting my pants with joy in 2017.

That partially numbed me but this whole fucking year to me totally numbed me as well...

>>24098250
>To bad
retard alert

>>24087391
mfw I read this in Brooklyneese

>>24099077
checked
waiting for a good moment to do the same.

$5k EOY
Fuck this manipulated pump.

>>24087391
10/10 bait.

>>24092016
200k then 30k by December 2022
Screencap this

>>24085189
this but unironically

>oldfag here, listen up
Btc is undervalued. It’s sounds funny to some of you poor anons but yes 20k is cheap. I truly truly hope you have at least 10 btc to make it in life. Most are already priced out, it happens. Get at least .25 right now if you can. This mini rally is nothing. Just wait for 2021.

>>24085009
Never change biz

>>24090256

Check out Peter Zeihan, he's actually a hoot to listen to, he's a total asshole

>>24101123
You don't need 10m to make it in life.

tl;dr of this thread? are the fudders winning or losing?

>>24101191
You think btc will only be 1 million in 5-10 years? Just a single million?

>>24084976
Euphoria coming from the crypto space, yes. Euphoria from the mainstream? No yet.

>>24084976
Thats because we haven't even broken our previous ATH yet. In December 2017 we were 20x the previous ATH. We are currently in November 2016.

>>24101232
Long term I think it will push past that.
600k it matches gold, and obviously blows gold away because why wouldn't it it's a better store of value in fucking every way. After that, I don't think it ever stops ever unless there is another paradigm shift.

>>24085014
wtf it looks even worse now!

>>24101333
>why wouldn't it it's a better store of value in fucking every way
For one, gold doesn't disappear when the internet goes down, but don't let that get in the way of your buying the top

>>24101469
The internet isn't like a giant router in South Park. And if the internet "goes down" then millions or potentially billions of people will die. And the code can sit offline until someone goes and turns the internet back on anyways.

>>24094578
just curious, what are you expecting from investing 120 dollars?

>>24101551
Look again.

>>24101551
Functional retard.

>>24092016
420k to 69k

>>24086592
No it won't. Difficulty is adjusted automatically. 1 block every 10 minute. If blocks get solved faster than that = difficulty increases. If slower than that = difficulty decreases.

there are a lot of really dumb newfags itt and you can tell for two reasons.
Its always the retards who are the most confident in their positions
and two their positions are always retarded.
seriously if we measured this guys iq it has to be below 100 >>24086592 it sounds like something that would be said in a 3rd grade classroom
If you are really an oldfag you know exactly how this cycle will play out and have very little stress.
Those people are not the people posting that "btc will do this today and that next year" i can guarantee you that

>>24095745
Honestly, I think next week will be the end of this pump. This thing might hit 30, but dumb niggers will start selling at 21k and slow down the growth.

>>24095906
best post ITT

>>24097218
>implying any coin will remain stable if BTC tanks

>>24087391
They’re not printing money that didn’t already exist you fucking brainlets. I’m assuming most of you went to college and at least took a few upper division economics classes right? You guys pretend to be experts in it. If you actually knew what they were doing you’d realize that when they “print” money they’re just buying treasury bonds and other securities to put more money into circulation. But the money was already there you fucking morons it was just in their reserves.

>>24084976
Good, that means my under water ALT's will 10x.

Send DIA to $13.

>>24101610
>>24101753
sorry didnt see but my question still kinda stands

>>24084976
IM VERY FUCKING POOR AND WILL BE BANNED FOR BEGGING, BUT IF YOU HAVE EVEN A DOLLAR OF ETH IT WILL SAVE MY LIFE, YOU HAVE NO FUCKING IDEA

0x26ED044a2E95051c2863500a3421e4b2D05a5209

>>24102864
If you could read, the image depicts a total of 18.7939 bitcoin being purchased at around $120 each.
This is also just what I could fit into a cellphone screenshot lol... Either 10/10 bait, or how the fuck are you involved in crypto?

>>24098972
This. It's really simple at the end of the day. Just buy low and hold that shit for a decade or so. You'll be fine.

>>24085073
We will find out in the next 10 years maybe. My guess is the "forced reset" needs a lot financing among other things.

>>24087823
I dunno. World was sort of normal in 2017. You didn't have entire economies being shut down for months at a time of a fake pandemic. You didn't have the globalist elite actively shilling for UBI. Things are very different right now, I don't think we can predict 2020 economic moves based on 2017 ones.