/biz/ - Business & Finance

>>24900118
Just hodl

>>24900118
pic related was posted very near the top of the 17/18 run

>>24900285
Stop educating newfags

>>24900285
Yeah I remember that, but I dont believe it caused the bubble pop.

>>24900336

Well... this is... well...

>>24900336
i
hate

you

>>24900336
Well that's... well it's... this is...

>>24900336
Post more. Also the bubble popped because of Mt. Gox. Just look out for psychological barriers. If we cant break 50k for instance sell at 48k. Simple.

>>24900336
oh... well...

ill be going then...

>>24900336
i got the weirdest boner right now

>>24900118
All ICOs were guaranteed at least 10x. Most ridiculous projects were valued at billions, like dentacoin or whatever that stupid fucking dentist one was. This isnt even the run, it's just bitcoin slapping it's big dick all over everything. Need a proper alt season before its bubble territory again, granted bitcoin is due for a correction at any time or it can keep going up. Who fucking knows >>24900118

>>24900810
>Post more. Also the bubble popped because of Mt. Gox.

2017... Mt. Gox... no...

>>24900118
OP, I'm a 10 years veteran in the crypto market. Let me tell you something, this is a misconception to believe that bubble are something abnormal that needs to be avoided.
Bubble always happened, and will always happen. It's how the market act when there is a new found interest for a financial asset. It's a natural part of the price discovery process.
This bubble will pop, just like the first one, because the market ALWAYS overbuy before stabilizing to a new price.
You don't need to be afraid of it.

>>24900118
Hard to explain exactly but we aren't anywhere near that yet.

"bubble" only applies to the stock market
stop trying to shoehorn these terms into crypto lexicon

>>24901228
Yeah it did they sold a bunch of bitcoin and crashed the price. /biz/ was pissed.

>>24901524
No newfag that's not why it crashed in 2017. Now shut the fuck up, let the big boys talk.

>>24900118
It's pretty crazy to me that bitcoin has broken it's ATH and mooned 12% in 24 hours but no one is talking about it.
Is it because
Everyone is still shook from the 2017 crash?
People are too broke to invest due to government shutdowns and living off unemployment?
The media is too busy with muh Trump muh black lives matter and other clown world faggotry to tell them to buy and therefore they haven't?
Some combination of all 3?
Other?

>>24902045
Or, the dollar is devaluing rapidly and Bitcoin isn't really going up that fast.

Stacking API3 for the incoming alt run. See you in Valhalla anons.

>>24902045
Honestly I think the last two plus some more. Honestly BTC breaking ath isn't much news anyway. Until we get 1.5x, THEN we'll catch attention.

That's my instinct, but then again this is my first time investing in crypto so grain of salt.

>>24900118
>>24901286
This. Google trend searches have barely taken off. Keep in mind, like 95% of the normans that got burned and left crypto after the last bubble are still nowhere near returning. They’ll start flocking back when we hit 30-40k. Then after that we’ll have a massive pump to god knows what, followed by the burst.

>>24902118
The dollar isn't losing it's value THAT fast dude, come on. USD value is at 2009 levels. Relax.
Will it go way lower than that? Yes. That's definitely a big reason why but I'm referring to why normies aren't getting involved not macro factors that are driving institutional and smart money investors.
>>24902189
Fair enough. It's hard to put yourself in the mindset of a normie when you are watching hours of macro economic news every day and are actually focused on this stuff.
I mean people were laid off buying TSLA and AAPL at ATHs so maybe we can eliminate the strapped for cash theory.

>>24902245
I don’t think they will return until we hit 100k. That will be another psychological milestone and once we break that, retail gets us to 250k+ then we crash to like 75k. Then we crab and drop til 35k and then that is the new bottom

>>24900336
uhh...i..yea..ok

>>24901864
he is right though, are you so paranoid of not knowing something? narcissistic newfag

>>24902189
btc was ~$6500 in March so it has already done over 3.5x this year retard

>>24901286
Answers like these to the question, "where is the top of the bullrun", are the signs OP. Be sure to be starting taking profits at the next pump

>>24900118
Unironically posting those pics are a good way to find out faggot OP.

Look at the posts below, plebbitfags are invading again. You know what that means.

>>24900700
>>24900719
>>24900782
>>24900815
>>24900868
>>24902578

>>24903716
Christ...

>>24903716
that means sit back, relax and enjoy the show.

I don't know if there is a real direct reason. I think it was FUD and it hit mainstream. It was dominating the news. BTC then was still "shady". It had almost no partnerships. I think Wikilinks is what really set it all on fire. The rise was due to FOMO.

Now we have a different environment. Companies are adopting and its crypto friendly out there now.

The reason it will drop will be due to profit taking. I don't see any other reason other than the feds taking it and even then it will be even more valuable.

The bubble popper because so many people had thousands of fucking bitcoins to sell wtf is your problem a 2 year old could see that

>>24902045
Oh c'mon I'm Spaniard and bitcoin breaking the 20k barrier is all over the (financial) news right now. Pretty sure BBC / Fox / whatever media at your country talked about it too.

Gordon was never the same after the resonance cascade

>>24903716
God damn, fuck these faggots

>>24900118
It was people making threads asking for signs indicative of a bubble

>>24900118
>>24900336
POST MORE
IS THERE MORE?

>>24904849
Yes. OP needs to post the hippy one. I need to see what happens after they run into the bathroom.

When you start hearing some dumb construction workers talking about bitcoin while drinking in front of a grocery store, that's when you sell.

>>24903716
this...so...much.... this
*edit - thanks for the gold kind stranger!