/biz/ - Business & Finance

>>28008438
this has been debonked already

>>28008729
I'm sure that the following are a mere coincidence, and have no negative impact on the market:
>Normies buying crypto and celebrities tweeting about it
>Random shitcoins doing a x50
>Everyone expecting BTC and ETH to do another x5
>Chinese New Year approaching
>BTC double top and progressive decline
>ETH futures being released

why is no one on biz talking about this? It is the most important thread and no one seems to give a fuck? Why?

>>28010052
It's not about shitcoins.

>>28008996
Talking about the article suggesting JP is a schizo. Fake news. Listen to his latest interview.

>>28010052
>thinking that random pajeets have money to invest in stonks
okay retard

>>28010052

BTC pumped 4x in a month after BTC futures started, 2 months later was the alt run where everyone 10xed their accounts. This is massively bullish.

>>28010178
if you are a german idealist, like the marxists and national socialists from /pol/, every free thought seems like shizophrenia

>>28010052
Made a thread about it in the morning, got traction by some oldfags.
I think the picture of lobsterman distracted spastics like >>28010178 from the actual issue. Things may go real bad, real fast, and I'm usually a permabull.

>>28008996
How do ETH contracts have to do with btc?

>>28008996
You forgot the Tether fud and Nigeria ban

>>28008438
Explain? People are going to pull money out of ETH to put it unto ETH futures contracts? Shorting? Did ETH derivitives not exist before now?

>>28010523
Oh and the India ban for the 12th time

>>28008996
>Normies buying crypto and celebrities tweeting about it
As they have been doing constantly for 4+ years now
>Random shitcoins doing a x50
As they have been doing constantly for 4+ years now
>Everyone expecting BTC and ETH to do another x5
Nobody is expecting $200k you retard, and people who think ETH will go much higher have no idea about DeFi
>Chinese New Year approaching
this is somewhat legit but seems to get priced in right now
>BTC double top and progressive decline
Just like how it looked just like December 2017 a week ago right?
>ETH futures being released
So more legitimacy for ETH and DeFi projects and less volatility?

At least come up with legitimate FUD like DeFi being fucking unusable for normies due to gas fees

WTF THE ETH MARKET IS CLOSED HOW DO I SELL?

>>28010523
don't forget the *fees are too high and it's not sustainable* narrative

>>28010631
Ethereum ecosystem as a whole is unusable with the gas fees

>>28010631
If you are at a few 10K% pure profit, everything just looks like a dip. Think about the twitter jeets that buy aave at 500 or sushi at 20

Explain to a tard what derivatives are

>>28008438
kek JP is really a schizo?

>>28011205
another one for OP's list

>>28010631
>>Normies buying crypto and celebrities tweeting about it
>As they have been doing constantly for 4+ years now
It's in complete overdrive right now. Look at Dogecoin. You need to be delusional to believe otherwise.

>>Random shitcoins doing a x50
>As they have been doing constantly for 4+ years now
It's in complete overdrive right now. Every coin of the week is pulling an x10 minimum. You need to be delusional to believe otherwise.

>>Everyone expecting BTC and ETH to do another x5
>Nobody is expecting $200k you retard, and people who think ETH will go much higher have no idea about DeFi
Everyone's expecting $100k minimum, in spite of clear resistance at 42k and decreasing BTC dominance. That sounds familiar.

>>Chinese New Year approaching
>this is somewhat legit but seems to get priced in right now
No, I don't think it is, ETH was breaking all-time highs the past days, and now it's going down vertically.

>>BTC double top and progressive decline
>Just like how it looked just like December 2017 a week ago right?
No. Last week and this week up until now was arguably altseason. Not as blatant as last time, because guess what, people learn.

>>ETH futures being released
>So more legitimacy for ETH and DeFi projects and less volatility?
Derivatives can push the market around any way they want. Look at the publication date of this article and read through it https://www.cnbc.com/2017/12/17/worlds-largest-futures-exchange-set-to-launch-bitcoin-futures-sunday-night.html..

>>28010523
History doesn't repeat, but it often rhymes.

>>28010330
No, it did not. https://www.cnbc.com/2017/12/17/worlds-largest-futures-exchange-set-to-launch-bitcoin-futures-sunday-night.html..

>>28011205
Rate of change of a function at a given point.

Anon, the people you are currently sharing a board with are newfags that don't know what Blockfolio is, that need special instructions to use Uniswap, and people like >>28011205. With derivatives, institutions can short the shit out of ETH in a highly volatile market, triggering a sell-off and profiting massively. That's part of what happened in 2017.

>>"This time it's gonna be different!!!"
>Normies buying crypto and celebrities tweeting about it
>Random shitcoins doing a x50
>Everyone expecting BTC and ETH to do another x5
>Chinese New Year approaching
>BTC double top and progressive decline
>ETH futures being released
>Tether FUD
>Crypto banned in random countries
>Board filled with newfags, new post ATH
This time is EXACTLY the same as last time.

>>28011631
hah.
very helpful.
I think he needs to look up derivatives. is well defined all over.

>>28012286
So hold or sell? Im happy with my 5x overall

>>28012834
Your post is a sell signal incarnate. Back in normal /biz/, this post would have turned 100 heads. Now, it's doomed to be archived to be referred to after the fact. I did what I could.

>>28012286
I like your logic. Can you explain why >>28012834 would have turned heads? I've been here since 2017 and dont know what youre talkjng about. Granted I spend most of my time shitpostng.

>>28013495
Meant my OP. If you like my logic, I at least got your attention, unlike the r*ddit refugees that plague this board atm.

>selling before stimulus
retard

>>28011553
post shorts faggot

Heh, this feels nothing like 2017 to me. Back then, you had shitcoins pushing well into multiple billions cap in under a month:
NANO (previously XRB) went from 30M cap to 4.5B in a month
XVG went from 89M to 3.7B in a month
XRP went from 9.8B to 131.6B in a month
Dentacoin went from 28M to 1.9B in 3 weeks
IOTA went from 2.2B to 12B in less than 2 weeks

That's not mentioning the massive list of coins that went from low caps to 500M+ e.g. Einsteinium, Reddcoin, REQ, ARK, etc.

And other coins that had insane runs during the summer and after e.g. NEO (Antshares), NEM, etc.

I do think we're due for a correction, but imo this bull run is far from over. In 2017 you could literally throw money in any ICO and make a 10x, no product, just some whitepaper barely anyone even read, it was absolute madness.

>>28013292
I appreciate it. I have no want to lose what little I have sitting in ETH. BTC is too high for my voodoo.
I think, by 9am tomorrow, I'll change things around a little. Thanks for the tip, man.
It can't hurt to wait a little before I get back into this ultra-high risk crazyness.

>>28013730
> In 2017 you could literally throw money in any ICO and make a 10x, no product, just some whitepaper barely anyone even read, it was absolute madness.
That's exactly like the IDO's now. BMI, BFLY, ROOM, PAID

>>28010052
>it's not about rubic
who cares

>>28011553
Holy shit calm it debbie downer

>>28013730
What about niggercoin (NGR)

>>28008438
Just like with precious metals and other commodities futures meet demand with future supply and lower prices. Do I want gold today or 6 months from now? I buy August 2021 contract. Some speculator sells me the future naked. The demand has been met and no gold has actually been purchased.

Swap gold for eth. Same effect. This will kill eth price. Futures were devised to hold down the gold price. They were used on bitcoin. Now going to be used on eth.

>but anon bitcoin ran to 40,000

Think of how high it would have gone if not for the futures.

>>28013898
I guess I've been missing out then

>>28013714
Keep holding, it's going to 160k because the rainbow chart said so.

>>28013714
I'm not shorting, but I have liquidated all positions to USDC for the upcoming week.

>>28013730
People learn. The days of complete mindless x1000s are over, Vitalik said so himself. It's now marginally harder to make money.

>>28013898
I thought BFLY crashed immediately. The rest weren't bad products.

>>28008438
Shut up faggot bear. This is bullish for eth. See you in another two months when you're back giving us a reason why the market will crash.

>>28010766
If the ecosystem is for poor people, YES. Agree with you overall through.

I've been taking profits and buying XMR, silver and income generating crypto, any other ideas?

>>28014012
I really can't find my NGR have been hodlinjg for years but it seems to have been wiped off MEW

>>28013730
This cycle's ICOs are DeFi food farms not coins listed on fucking CEXs, grandpa.

>>28013898
And anyway, I haven't a single coin do an XRB / XVG / Dentacoin type run. Everything that has a 1B+ cap either has been there for a while already or has a working product

>>28014519
Yeah I suppose so. Well pack it up boys, see you in 3 years then

>the smart money knows it

Greyscale just bought like 67 million dollars worth of ETH. Who is this ”smart money” you’re talking about?

How do you go from this..

I feel bad for the rainbow chart memers who cant into math and foam in the mouth when they see numbers. They think an overfitted model could save their portfolios.

>>28014227
This is the only above-average take in the thread, sadly. Crypto is a cartel market and if not for futures, one could only imagine what people would be paying for a single BTC today. Pull up a chart for any asset that has a major (((futures))) market put into play and watch what happens to the resistance levels. I HOPE this isn't true and that I'm a retarded faggot. ETH $3,000 EoY.

>>28014822
Sixty seven million dollars is literal chump change for an institution. Keep holding, I'm sure the "institutions have your back". I swear, there's archived posts exactly like yours from 2018.

>>28015039
They hold over one billion $ of ETH. Again who is the smart money you fudding glownigger

>>28014999
I am looking for the pic, but there was some central bank meeting minutes where they described futures as an important tool for managing the price of gold. Futures are not bullish.

>>28008438
Why is he slandering himself? So what some demons attacked him for his great potential impact on society and he still believes the materialistic jew science and his spiritual experiences he rejects as hallucinations wow what an idiot

>>28008438
BTC futures have been around since 2017, right? and they're still around.
just because something happened to btc in 2017 doesn't mean it will happen to ETH in 2021

>>28014999
Still looking but he called bitcoin

>>28011269
No, he and his daughter said he was misdiagnosed with schizophrenia when he was on powerful medications. Once they started getting him off the meds the symptoms began to disappear. It's a smear.

>>28015684
>>28014999
>>28014227
Found it. This is from wikileaks. in 1974 a gold futures market was dreamed to remove demand for physical.
Cash settled Eth futures are a price control mechanism. This is not bullish.
>https://wikileaks.org/plusd/cables/1974LONDON16154_b.html

>>28015666
See >>28014999, >>28014227.

Greyscale just bought 25k Eth. There are probably clever people there. Would they buy so much if it's all going to crash imminiently?

>>28015925
Greyscale gets paid 2% no matter what happens. They dont hold eth, the share holders do.

>>28008438
Everyone who bought Ethereum between its ICO and a week ago is in profit. This makes it a historically retarded asset to be bearish on. Keep thinking you're smarter than everyone else though.

>>28016134
The cash settled futures are going to dwarf the actual eth market and be used as a price suppression mechanism.
See -> >>28015900

>>28010631
Bitcoin will absolutely go to $200k during this run.
This is not up for debate.

>>28015914
suck my nuts loser i'm staking my 4 eth nodes and staying comfy

do you think there will be run-up tomorrow before THEY cause the prices to tank? Like when BTC peaked and then crashed for years? Trying to determine if I should cash out now or tmrw

>>28008438
After the initial drop around Christmas 2017, the market quickly recovered and went into overdrive. It then only crashed around January 8th, IIRC, at least for alts.

>>28016077
Yes but their investors arent ur average retail brainlet

Muh eth us gonna get raped by cme. Thats why you sold? Chinese new year would even be a better reason to sell crypto right now but even the chinese miners dont have a lot to dump because institutions have been buying from them.

Its the same as last time? Did you even browse biz in 2017? The week and even the month before we reached btc top there were bear threads posted every hour. Shorts getting rekt while we reached 20k. Everyone was calling bitcoin a bubble. Warren, bill gates, JP morgan where all publicly claming it was a bubble. This isnt even close to 2017 the delusion isnt even close to that point. When we hit a new ath just before summer thats when the fun really starts. Normies buying bitcoin because they heard from it before in januari.

If we see a dip just add to your positions. And hold your crypto with iron grip. Just because some faggot posted a thread on biz thinking he was smart to tether up doesnt mean you have to sell.

Keep up the fud though. I am still not done getting enough AAVE, LINK, ETH and BTC

>>28008438
Will this effect McDonalds coin?

>>28015281 wrecked you >>28015039

>>28016739
COnsidering their investors are paying a huge premium to spot, I would say their investors are dumber than the average brainlet buying on coinbase.

>>28008996
>Chinese New Year approaching
this always cause a big dump. beware. and it goes for ALL coins.

>>28008438
It's not 2017. Ethereum has emerged as a high-interest bearing asset.You are blind to a game changing moment in crypto.

>>28017009
Yeah don't listen to this fuckin idiot just buy in the dip

>>28016780
based voice of reason
this thread of full of doom & gloom bs shakeout buzzwords

>>28016300

Maybe, I suspect $120,000

>>28016860
See >>28015925. What percentage of the marketcap is that again? Less than 5%?

>>28016780
>The delusion is not enough
You've seen Mia Khalifa talk about crypto, Logan Paul having a podcast about it, "my lil bitcoin stock doin sum" tweets. We are in delusion, you just can't see it.

>>28017362
How do you even think adoptation works anon? We need more masses to open up to bitcoin. Bitcoin isnt going to reach 200k because its secretly traded on a mongolian basket weaving forum. When miss khalifa puts in every paycheck from sucking of dudes into bitcoin thats when we will reach the peak.

All of these meme hopium btc charts being posted... every model is accurate until its not. You will be in for a rude awakening the day this shit deviates from s2f then you will no longer have your little "treasure map" and all confidence will be lost

>>28010052
Because nothing will happen.

>>28017995
Stock to flow is just the inverse of inflation to sound intelligent with all contrary examples cropped out. Its a huge meme and anyone who seriously touts it should be ignored.

>>28010410
Ironic, since actual shizos are well tolerated on /pol/ and treated like shamans. Whereas JP is rejected due to him being extremely bluepilled on the JQ.
Grow up neets, no man trying to participate in social discourse can afford to be redpilled on it.

>>28011553
This. Every retard is calling for a $200k BTC right now. I hope this run tops out soon. The gains have been great lately but all of these newfags need to be purged asap.

>>28008438
Take your 12 meds, Schizo.

>>28015925
you need to buy eth in order to dump eth anon. you then bet on the price going down and make much more money, in liquid $$$ rather than illiquid crypto

>>28018512
If Stock to flow is the inverse of inflation then how is it gonna be wrong this year anon? They just keep printing dollars and handing it out for free. Anyone who worked hard for those dollars is getting fucked in the ass. Inflation is at an all time high and we will follow the stock to flow model because it is tied to inflation.

Bullish for XRP

>>28019128
>If Stock to flow is the inverse of inflation
Imagine not realizing this basic math fact

>>28019252
>imagine you cant read past the first 9 words

We will not reach 20k bitcoin ever again. The money on the sidelines will run out of patience while holding dollars that is losing its value.

unlike bitcoin, ethereum has more going for it than just the belief into store of value and hype
it is actually easier to wrap your head around for institutions with eth. it is valuable because it is used to interact with its network, which has a lot of valuable data for its users. unironically, defi did it and big players know about it.
bitcoin's main value proposition is that it gets more valuable because hype and memes. the network is secondary, and that gets shorted into the ground
ethereum will be longed to the absolute moon

>>28019252

Stock to flow = Stock of supply/ new flow
Inflation = new flow/ stock of supply.
So if bitcoin has a stock to flow of 50, the inflation rate is 2%.
Magic huh. You would have to be the biggest smooth brain to not realize this.

>>28014999
>>28015666
checked. godspeed anons

>>28019496
Because you thought I was talking about USD inflation you ignorant mong.
See >>28019582
Whats the stock to flow of USD? Can you calculate it? Its just the inverse of the inflation rate. Which is the whole goddamned point. Stock to flow isnt unique. It isnt special. Its just an existing metric inverted to sound like a new discovery

>>28008438
Sorry, I'm all in on ETH and I can't hear you over all these gains.

FUD fag

Bullish AF for a flood of big money coming to BTC.

>>28011553
>reddit spaced
Didn't read

>>28008438
Fuck their derivatives. They can't drive shit to the ground if we don't sell and I aint selling.

>>28021635
>Not selling
They dont need your eth to sell. They can naked short all day with futures

>>28011553
>It's in complete overdrive right now. Look at Dogecoin. You need to be delusional to believe otherwise.
I could argue the same about the stock market because of GME. Crypto is not a singular entity anymore, stop being silly. Someone operating mostly in DeFi and DEXs doesn't even have a decent way to acquire DOGE nowadays, let alone there being any correlation of DOGE and pretty much anything but more "buy muh 5min token reskin!" scams.

>It's in complete overdrive right now. Every coin of the week is pulling an x10 minimum. You need to be delusional to believe otherwise.
As I said, this is nothing new and I can only laugh at you comparing this to 2017 out of all things when the current shit is arguably much close to 2013 shitcoins. Again, this is nothing new.

>Everyone's expecting $100k minimum, in spite of clear resistance at 42k and decreasing BTC dominance. That sounds familiar.
$100k is not $200k faggot, at least keep it consistent. $100k is expected because of S2F, and not every single person knows that model let alone has that expectation because of equivalent much Tether FUD.

>No, I don't think it is, ETH was breaking all-time highs the past days, and now it's going down vertically.
ETH has been stable around 1.2-1.6k for a while now, this is pretty close to the previous ATH. If you keep arguing with BTC resistance, why not here when it's much more obvious?

>No. Last week and this week up until now was arguably altseason. Not as blatant as last time, because guess what, people learn.
Still is, we've been through several downturns.

>Derivatives can push the market around any way they want.
And they generally lead to less volatility, that's the whole point of futures.

>>28019508
Ethereum is trash and defi built on it makes no sense. My 80 dollar fees to end staking in HEX is absurd, BSV unironically solves all of these problems but the industry has been too ignorant, sensitive, and arrogant to listen.

>>28013730
well, you have other coins now
aave, snx, uni, avax, near, grt, glrd
and all did 10-200x

>>28016300
>Bitcoin will absolutely go to $200k during this run.
>This is not up for debate.

Retard doesn't realize that the creator of this chart has been on record saying it's pure meme

>>28018647
they tolerate free thought in the frame of their ideology, therefor any thought outside that frame is judged shizo, jew, piggy or opposite ideology. commies and nazis are the same in that regard, they value moral over truth, sadly enough among boomers and gen x neo libs and neo cons its similar, when not that extreme like in the case of the hegelians

>>28021635
You sound like a reddit gme wsb faggit

look at market cycles and total dollar volume and you'd understand the risk of the upside vs the downside

>>28015900
Lol and it only became legal to hoard gold in 1974 after fdr but they didn’t need the goy buying too much