/biz/ - Business & Finance

greed

enthusiasm

>>29265209
Return to "normal"

>>29265209
Greed for BTC
Delusion for most Altcoins
Capitulation for DOGE

>>29265209
"New Paradigm!!!" without any doubt.

>>29265289
There's validity to that, considering the bullrun ended January 8th and was only artificially extended with Elon's pumps. So it's really a combination of "New Paradigm!!!" and "Return to normal".

>>29265209
Entering greed.
https://www.blockchaincenter.net/bitcoin-rainbow-chart/

Somewhere between bear trap and media attention. No. I’m not joking. We’re going to climb higher and higher. And even when we inevitably fall, it’ll only last a couple of months, but a couple of years.

It won’t be until the end of 2021 that we even begin a small decline. As real world uses increase and as it becomes more and more mainstream, we might miss the dip all together.

>>29265209
despair

>>29265440
>>29265289
yeah I feel like the new paradigm was eth getting close to 2.1k and the correction is a bull trap, but who knows maybe this is just the first selloff lmao

We're a bit past enthusiasm. I do feel like we have one more big correction coming up though before the big run. Just to shake out all the weak hands and newfags who have been 2xing by investing in anything
If it doesn't come, then we only have until the begin of summer, maybe longer if Americans can get their stimmies soon.

Honestly, we're in the Take Off stage. We haven't had a bear trap yet and virtually zero media attention. Elon Musk doesn't count and twitterfags dont' either. I'm talking about when you see this on the nightly news like we have with Game Stop. Bitcoin and crypto has yet to get any of that.

>>29265440
no anon, it's like this

it's amazing how nobody knows what's going on and what will happen next, not even twitter meme guy #1

>>29265440
>muh E L O N
this is the redditest image ever

I know it’s a meme but this time might actually be different. We’ve watched this pattern play itself out multiple times now and people are much less fearful of their investments losing a lot of their value because they know that unless they’re in some absolute shitcoin, good crypto projects will always bounce back eventually. People are more hesitant to sell when selling puts them at a loss. If the loss is big enough they know now that they might as well just hold and wait for another bullrun.

If we have a crash it is unlikely to be 90% like in 2018, maybe 30-50% instead, and the bear market will likely be shortened because now everyone is trained to scoop up cheapies after seeing a bunch of red, which will limit how much red and how long the red can go on for.

>>29265542
kek

>>29265209
I've seen this chart posted for literally everything.

>>29265713
>nobody knows what's going on and what will happen next
Everyone knows.
130K in april.
Crash in may.

>>29265692
>virtually zero media attention
Idk where you live but Bitcoin has been in the news a ton lately. Pretty much every week it has been on the frontpage at least once here.

Do you retards actually think you can predict the market with this retarded meme chart?

>>29265209
>Where are we in this chart?

>>29265974
yep, normie discussions under those articles are always pure gold, soccer moms talking crypto and being retarded as fuck

>>29265692
my gf just told me today that people at her work are talking about btc. I asked her if they ever talked about investments and no lie this is what she said:
>well about a month ago they started talking about gamestop and now they talk about their bitcoin stock
exact quote I shit you not

>>29266207
chicken stock next

>>29265447
THANK YOU BASED SATOSHI

Is it too late to make it? The whole reason I got into crypto last year was so that I wouldn't have to deal with women and boomers like in the stock market

>>29265209
Every single major coin looks like this. It's impossible to tell what is going to happen. It really seems like it should all implode any day now.

this is a logarithmic y axis with an extremely zoomed out x axis. literally a 50% correction (55k to 28k) would barely register a downward tick on your chart. This chart is completely irrelevant to this conversation.

>>29266500
sorry this was meant to reply to >>29266208

>>29266208
wut

>>29266481
looks like we are legging up
you literaly just drew oout the beginning of the meme chart

>>29266072
You just made me check and you're right. Comments full of people calling bitcoin a piramide scheme and nocoiners calling people that profited "lucky"

>>29266663
I didn't draw anything. It's just a screenshot of Ethereum. Here is bitcoin. Other than what happened in 2017 there is really no good data to suggest what could happen in the future. The only real data point suggests it is going to plummet again.

>>29265531
>tfw a 50% correction from $400.000 will seem like nothing compared from where we are today
Anon, you might be correct.
I'm starting to capitulate and scrap the thought of ever seeing a bear market ever again.
Fiat printing, Tether printing.
>printer go brr
>number go up
Does it really matter any more?
I feel like it's time to stop caring about this ever ending.

>>29266555
It's a logarithmic chart because it's a logarithmic asset. If you're looking at bitcoin on a linear chart, you have no fucking clue what you're doing. All you see is the most recent pump or dump, which in the long term is meaningless. And if you're trading bitcoin short term, well, you're essentially gambling. I don't do that. I like money.

top

>>29266976
top

>>29267088
top post, i know, thanks!

>>29265209
In between first sell of and media-attention. Media attention wil be at around 100K.

>>29265209
take off

>>29266986
I, and much of /biz/, don't have enough money to be able to make it just hodling btc on the ride to 1 mil. we need to take advantage of 50% corrections, and even 25% corrections if that's what we'll get.

>>29266976
You are right. It’s only a matter of time before everything “tangible” loses value.

3 years ago it was all speculative. Crash happened because “wtf do we do with this anyway?” Now you’ve got institutions and businesses that have practical use for these projects/“goods”, so it’s beyond the point of simple speculation. We’re moving, every day, toward more and more necessity which ensures the survival and longevity of a good/service.

We might crash, but it’ll only last for a handful of weeks. That’s the next entry point for your average joes and by that point, it’s a much larger percent of the population than one might think. More innovation is bred and even greater longevity is ensured. We might actually reach that point before we crash though, to which we’re all going to be rich

Stack sats, build equity in USEFUL projects (I’m personally in link, GRT, and ONE), and enjoy the greatest redistribution of modern history in the next 5-10 years

>>29267179
bitcoin is already in australian newspapers. boomers are trying to buy it again

just learn from the past. When nobody talks about crypto or makes fun of it (after the next bubble pops and reddit is comitting sudoku again) buy buy buy. When the media and normies start getting back into it and feel hope, sell sell sell

BTC is at the beginning of media attention. ETH is a bit further back.

>>29267768
I'm on disability. I live on 1500 bucks a month. I'm functionally homeless. I take care of an elderly relative in exchange for room and board. I've been doing this for two years. 500 bucks a month, a third of my income, has gone into bitcoin since then. I don't have the luxury of gambling with my money. I DCA and I HODL. I put small amounts in promising but small alt coins to grow my stack, so when I win I win big and when I lose I lose small. That's as much risk as I take with my future.

Keep playing with dice, tho, and see where that gets you. I speak from personal experience. I bought my first bitcoin under $400, if I knew then what I know now, I'd be a billionaire already.

>>29267798
Use case isn't a factor (or argument any more).
Crypto as a whole is beyond that already.
Now it's reduced to belief, hopes and anticipation. Just like in the real world.
Just look as Gold for example. What's the value of it? Barely any use case in the real world and just because it gets mined (which is costly) doesn't entitle it to any kind of "wealth" or "worth"

>>29268627
I know you think this sounds bad, but I unironically work and go to university full time, and I only take home ~750 per month and 500 of it goes toward paying off student debt. I turned roughly $300 into $14k as of now by "playing with dice" and I intend to see where it takes me.

>>29268680
>gold
>barely any use case
holy fuck, I swear the people on biz are more retarded every day

>>29268850
Those sounds you're making now are called "Excuses". But whatever. It's not my job to tell you how to invest. I've had this exact conversation a thousand times in the last few years, and I know it's pointless. You have to learn the hard way, just as I did.

Best of luck. Sincerely.

>>29268887
reshaping isn't a use case
reduce useless reshaping for jewelry purposes from Gold and you're back at mostly the same use case as a painting has
Gold is art, the visuals, the idea of being able to own it.
Golds worth is basically reduced to belief, hopes and anticipation.

If it had just the industrial use value it would be a small fraction of it's current price and technology would have moved beyond it's need in manufacturing already (on which way technology is anyways)

digits are gay

>>29266207
Yea there’s been a lot of sell signals like this lately, but the media attention still doesn’t rival late 2017.

>>29269086
Gold is corrosion resistant and chemically inert, which made it perfect for making pottery and cutlery in ancient times, dental caps and implants in the industrial age, and now, in the digital age, it's the best conductor money can buy, used for high end electronics.

As for Bitcoin, in the 21st century and the foreseeable future, the most valuable commodity in existence is CPU cycles. The bitcoin mining network has more of them than every other supercomputer cluster in the world. Combined.

lrn2quant.

>>29269086
>you can live without gold bro
>jewelers use the existing gold over and over
the ever repeating dumb ass arguments, don't reduce the gold's use case at all
btw check how much of gold is used in electronics yearly and realize that only about 10-15% of that is recycled

>>29265531
I agree with this. Ain’t no enthusiasm around crypto. 99% of people have no idea what it is or does. Only enthusiasm is boomers seeing the btc price climb and thinking “boy I’d like some of that”, but they think it’s just a bubble that’s about to burst, is all about criminal activity, and is as I was told by one that types with two fingers “good luck getting your money out”. Enthusiasm hits when it takes off as a fully accepted form of payment. I think this will probably be btc’s price cycle, but only because after the bull trap it will be converted and replaced by something fully accepted and regulated by big brother.

We’re at a new paradigm and it actually is a new paradigm

>>29265440
>"New Paradigm!!!" without any doubt.
The problem here is that there really is a new paradigm in the mix. Financial institutions paying attention, ETFs and custody services coming online, companies diversifying their asset sheets into bitcoin. We simply and truly have never had this additional dynamic at play in previous cycles. Doesn't mean we won't top out and then crash 50%+ eventually, but it means 'new paradigm! new paradigm!' isn't a clear sell signal this time around, because there really is new shit in the mix now.

>>29265346
how legit is the log regression band as an indicator in your opinion?

>>29267798
>institutions
Stopped reading here.

>>29269852
Not perfect, but better than nothing. BTC is a logarithmic asset, so charting it along a logarithmic regression band can give you a range to trade in the mid-term. Higher risk than DCA/HODL, Lower risk than swing trading. Decent returns if you have the discipline not to panic sell when the price dips.

>>29269731
>institutions
This bullet point is being passed around on some shill document somewhere.

>>29270076
>This bullet point is being passed around on some shill document somewhere.
It's a strong anchor for belief and anticipation.

>>29266207
My gf says her normies at work are talking bitcoin as well.

BTC in media attention will easily hit 100k before "new paradigm" mode
ETH is greed mode

>>29265447
THANK YOU BASED SATOSHI

>>29265447
THANK YOU BASED SATOSHI

>>29265209
>>29265289
>>29265346
so...... should I sell now? I'm pretty risk-averse so I don't want to ride it to the edge just to squeeze a few extra percent out, if there is a risk of a bigger crash.

>>29269051
didnt realizes niggers who get payed disability from my taxes were such high and mighty faggots.

Sincerely.

>>29265209
I'm pretty sure we're in between media attention and enthusiasm

>>29265209
About halfway between enthusiasm and greed

>>29269731
> institutions
Welcome to /biz/ newfren.

>>29266414
You have 120 days to make it anon

>>29265447
THANK YOU BASED SATOSHI

HEY GUYS HERE'S "THE BUBBLE CHART" AGAIN, WHERE ARE WE AT ON IT?

>>29265440
>just in time, Elon Musk singlehandedly "saved" the price

you are so fucking stupid it's insane

>>29265209
Why do I see this everywhere, and why do people think reality, as chaotic as it is, can be charged out so simply?

Delusion to new paradigm

>>29265447
THANK YOU BASED SATOSHI

>>29265209
If digits it’s take off