/biz/ - Business & Finance

BTC KEKS ON SUICIDE WATCH

>>25490366
when does this train end?

Thread Theme: https://www.youtube.com/watch?v=r6FVk2k4qsM

slicing through like a hot knife on butter. see you at 3k

>>25490428
Last time it ended at around 20th of jan, however this pump has been more organic that the other one

Poorfag here and I have 2 ETH, should I sell if it hits 2k or hodl for years

>>25490366
Bought 1k of eth, bless be those gains

>>25490568
I bought one eth in November, I have 500 LINK. Not sure how to handle this bull run

Staked all my ETH but enjoying the popcorn

>>25490568
ETH is going to $5k by EOY. No I'm not fucking kidding you. It could even hit $10k if we really blast off. Hold onto your seat belt faggot. I hold 1k ETH and 10 BTC

>>25490645
I’ll take your advice then anon

>>25490568
If its anything like the other bull runs, this thing will keep going for a a couple of weeks more, then there's a massive crash followed by a tanking price for something like a year. My advice is to look up how to set up a backstop so that if the price suddenlly drops 50% in a single day, you'll sell before it reaches your buy price. Then you just wait a few months before you start accumulating a little bit every month when you get your pay check, that'll probably go on for a few months before a smaller bullrun begins and you can sell your stack at a profit using the same backstop system. Then you can just wait a few weeks before accumulating again.

Or you can just buy and hold all the time and not bother checking the price more than once a month.

>>25490645
> t. sell signal

>>25490645
Respect the spike-ratios. Don't peddle me with this garbage of yours. Who am I kidding? BTC will signal to me if it will go that high.

>>25490745
This. Link went up, just like this, for no reason during the summer. I was constantly asking why? No one cared, and no one knew. Pure speculation.

Next was Bitcoin, huge run-up, because institutions are buying, and macro. Okay, we get it. Sustainable.

Then XRP had a run. Again, no reason, just went up on speculation.

What's happening with ETH? DeFi? Nope, that peaked. Speculation, again. Now it's ETH's turn. Enjoy the ride.

>>25490807
What the fuck are you talking about retard? Check the stock-to-flow model. BTC is going to 100k. Eth should meet it at a ratio of 0.05 at least. ETH could go to 0.1 BTC if we're really lucky. But personally I think BTC will top at 200k which puts ETH at $10k at a 0.05 ratio. BTC is signaling to everyone right now that it's being accumulated heavily and will push to extreme territories by next December

>>25490866
If you look at the ETH USD weekly chart you'll see it is repeating the parabolic BTC move past ATH. That's it, ETH is just following BTC and regaining lost ground on the ETH/BTC ratio. You call it speculation but I call it return to status quo. And yes, institutions are accumulating ETH as it's the second highest coin by market cap (and the highest by usage metrics)

>>25490745
You are correct sir. As much as i'm enjoying this golden bull run, I'm ready to take my profits in a couple of weeks, depending how everything plays out.

>>25490931
For all of you newfags, I don't think this is too far off, on the best advice you're going to get from a board full of retarded shitskins that are likely to not even own an entire buttcorn.

Marketcap for all coins is closing in on 1T, thoughts?

>>25491055
No, institutions are not buying ETH. Bitcoin is exotic enough. Watch this:

https://www.youtube.com/watch?v=OiODkn1YyjY&t=1s

Also, it makes no sense for ETH to hold a relative value to Bitcoin. Logically it would be valued at the value of its own network, which is, hilariously, nothing. Well, not nothing in the strict sense, but it's based purely on speculative tools (there are no profitable companies or adoption outside of speculation on ETH).

>>25490534
Oh yes, look at the hourly and daily candle, and volume. Very organic sir, here's a tip for you my shoeshine lad

>>25490866
Retard, everything important that is happening in crypto is happening on Ethereum. Its been the most undervalued asset all year and we’ve been screaming about it all year

>>25491202
https://www.bloomberg.com/amp/news/articles/2020-12-04/ethereum-becoming-more-than-crypto-coder-darling-grayscale-says

Cope

bought at 1k earlier today, when are we selling boys?

>>25491202
The absolute state of maxipads

>>25490366
i am enjoying myself, how about you fine gentlemen?

I traded all my 500 ETH for Lisk, ARK, OMG and ICX. I'm killing myself.

I should have just trusted my gut and bought an hour ago. Fuck man I'll never make it. I never take the step forward, fuck me

>>25491298
>>25491304
>>25491314
>>25491324
we based green boys

>>25491202
there is institutions buying all kinds of coins. Its been confirmed by Ripple and the SEC that they were selling XRP to various institutions such as hedge funds.

SOLD 3000 DOLLARS WORTH OF SHITCOINS FOR ETH 48 HRS AGO


AWOOOOOOOO

Bought XRP at 22 before FLare sold at 60 immediatly after after flare bough BTC...Sold all BTC yesterday all on reading this fucking threads and watching charts....oh and i got the 1 inch airdrop and sold immediatly at 2 dollars for ETH damnnn...all this on a period of less than 3 months my gains are like 7X i still feel its all luck not that i can TRADE anything...DAMN im going full /biz/ here i dunno how it went to point A to poin B but it all a feeel.... i cant explain it..is a feel....

>>25491338
wtf is wrong with you. have you not been paying attention. it was the most obvious trade in the last 9 months-load up now ffs

please don't tell me you've just been sitting in dollars this whole time?

>>25490645
BITMEX CEO said its a double digit shitcoin

>>25491253
Nothing important has happened. Borrowing and lending brought on by private entities running on a very arguably "decentralized" chain is the extent of it. Not bad, finally, but really who gives a fuck. I can make 6% interest and borrow against my Bitcoin with Blockfi. You need the entire ETH platform for borrowing and lending? Hmmm.

>>25491275
>>25491359

I concede. However it sounds like you have just a few big guys buying in. I'm not seeing any hundred million dollar press releases. Sounds like smaller bets to me. So, does holding a relative value to Bitcoin make sense? Why? Watch the video I posted.

>>25491324
>OMG
lol

>>25491324
Please tell me you're joking

>>25490568
>Poorfag here and I have 2 ETH

those are rookies numbers. I have 0.06 ETH

>>25490645
cant wait until ETH sky rockets while BTC plunges

>>25490366
I WOKE UP JUST IN TIME, HOLY SHIT!
CHOOOOO CHOOOOOOOOOOOO

>>25491874
How does $600 sound?

>>25491959
just enough for a ps5

>>25491575
True the bets are massive but the point is that this stuff is picking up steam. People are accumulating. Institutions are taking it more seriously. Alt coins are regarded skeptically and hardly any of them have reached their ATHs yet while BTC is doing well where its currently at. Government is cracking down on suspected bad actors and also have more experience in dealing with the situations and are also much more experieced with crypto in general. There's regulation being formulated and implimented that makes it easier for professionals to deal with crypto. Normal people are getting wise to it more and more each year as well and figure out that its a good part of a diversified portfolio for long term saving.

Everything is positive. Only thing I can imagine being more positive is if countries start announcing that they're looking to set up reverses similar to their dollar and euro reserves. If that happens the price will shoot through the roof.

check this green id

>>25491575
True the bets aren't massive but the point is that this stuff is picking up steam. People are accumulating. Institutions are taking it more seriously. Alt coins are regarded skeptically and hardly any of them have reached their ATHs yet while BTC is doing well where its currently at. Government is cracking down on suspected bad actors and also have more experience in dealing with the situations and are also much more experieced with crypto in general. There's regulation being formulated and implimented that makes it easier for professionals to deal with crypto. Normal people are getting wise to it more and more each year as well and figure out that its a good part of a diversified portfolio for long term saving.

Everything is positive. Only thing I can imagine being more positive is if countries start announcing that they're looking to set up reverses similar to their dollar and euro reserves. If that happens the price will shoot through the roof.

Fuck I've had to reset my sell limits 5 times tonight.

>>25492066
>bags id
we're all gonna make it

Just woke up, how are you doing eth bros

>>25491236
Sirs this very organic ok? We print tether numba go up ok? Buy with your real dollars please sir do the needful

>>25490366
pwaying

>>25491919
I pray for a .1 ratio. I will finally be a wholecoiner

>>25492169
Bought in late then it dumped, holding out because I'm not a goddamn idiot.

>>25492977
inb4
>Bought in late
>not an idiot
Fuck I know, I just woke up and saw it shooting for the moon.

I fucking bought in. Let's go.

>>25491874
thank you for making me feel less bad about my 1.536 ETH amount. have fun with the free cash you'll get in a few weeks.