/biz/ - Business & Finance

>>29409434
>/biz/ thinks we are just starting
crash confirmed

>first sell of on a 12 y.o. speculative asset

Where are we on this chart now? Return to normal or denial?

>>29409434
first sell off was in early January, around 40k, remeber?

>>29409434
RUBIC IN THE GREEEN ID

WAGMI

>>29409492
>/biz/ thinks we are crashing
first sell off confirmed

>>29409434
Can't wait for BNB to go to 1000

>>29409492
biz always thinks (hopes) we're just starting, so that's a shit signal

>>29409492
>He thinks the COVID black swan was the first sell off.
ngmi

>>29409537
This dip didn't even register on the upwards curve.
Somewhere between enthusiasm and greed IMO.

>>29409537
Somewhere in greed, things don't actually go up in smooth lines anon

>>29409537
This chart is no longer representative of bitcoin or crypto.
Think about it...
In 2017 so many normies found out about the world of crypto for the first time and used coinbase to buy eth, ltc, btc all for the first time.
People have known about crypto for some time now, just because the news are talking about how BTC is hitting it's ATH doesn't mean you can just recycle this garbage chart.
If anything we are currently at bear trap, people think they're getting more stimmy checks so they will start buying more no this dip. We will never see bitcoin go sub 35-40k again.

we're near the top. it's going to crash 35-45% then crab for at least 10 months. cap this

feels good to know we are still in awareness phase t. 2017 anon

>>29409434
I not only held but I bought a little bit more my dude.

>>29409534
>completely ignoring massive purchases from institutional entities
yeah uhhhh can I get uhhhhhh a large fries

>>29409434
crypto is over

>>29409434
this was the bull trap

>>29409799
>this time it's different
fucking moron

>>29409434
While I do think we're definitely at the first sell-off, I sincerely doubt that the first sell-off is completely finished.

>>29409434
We are unironically at enthusiasm and heading to greed at full speed.

>>29409858
>institutional entities always make the right decisions for the long term existence of the markets they trade in
anon how fucking gullible are you? these fucking pigs nearly topple the global economy like twice a decade

>>29409434
If anything
>42k was first sell off
>mid 30k for bear market
>high 40k's, mid 50's are 'greed' or 'delusion' at worst
>Worst case, 58k was 'New Paradigm' and we're in bull trap right now, with a 'return to normal' around 56k.
Regardless, if you weren't a fucking normie, you're so up in gains that even if you're late to the dump, you still come out with more than you went in with, and you're ready for the stabilization to begin accumulating again.

>>29409939
>every market cycle is described by 1 chart
fucking genius

>>29409434
But the media has already given grypto attention

>>29409858
>institutions don't pump and dump

>>29409939
Lol whether we see a huge correction or not, I'm stating that this garbage chart people have been using as a meme for 3 years isn't accurate.
Obviously commercial investors will be consolidating their profits at some point and we will see a dip, but too many people are waiting to buy BTC the second it dips. Just wait anon, you'll see.

>>29409922
DUBS CONFIRM WE ALL BURN IN HELL.
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>29410099
yeah uhhhhh can you make that a medium fries instead? thanks big guy

>>29409987
pls no more reds PLEASE

>>29409939
Do you honestly think greyscale is going to dump 650k bitcoin because the price dips?

>>29410292
>ID ySFESLx8
FEELSY x8. OH FUCKING NOOOOOOOO

>>29410371
LOL, I can relate, but dude, if you're saying this or even just thinking this, you're probably waaay overextended. We could use a little market reset, it seems. Won't that be fun?

>>29410280
What would they consolidate their gains into? Why would they bother selling an asset if they don't need cash

>>29409434
based paradigmposter.

>>29410280
I am sorry brother but this is exactly what will NOT happen. See pic related.

>>29409987
>first sell-off
We've spent a month going from 40 to 30, this is definitely not the first sell off of this bullrun

>>29409858
>institutions don't own only 6% of the bitcoin

>>29410408
i didn't say that

>>29409434
This was just a monday dip. Sell offs last multiple days and will have all coins be at -30%/-40% on the weekly.

>>29411143
C O P E

>>29410124
hi tuur
https://twitter.com/TuurDemeester/status/1362924659885408262

>>29411231
OP (and you) is coping. I'm just saying that this was just a minor dip. I was here in jan 2018. -15% is peanuts.
>pic rel
LINK dropping -21% sats in one day, with a low of 4k sats and a high of 6k sats the day before. BTC also dropped in this timespan.

>>29409434
I sold 10% just before the crash. What do? I have the USDC yield farming and have no more cash available. Maybe shouldn't have sold but I'm overextended as fuck.

>>29412166
I sold after the fall and bought the dip.
I'm a poor fag so only got some satoshis but a hell of a gain in my league

>>29409580
>/biz/ thinks
confirmed

>>29410793
based 4chan meme to paradigmposter conversion chart poster

>>29409434
You are so ridiculous rn

First major correction was last week. Are you new?

>>29409829
Im not a bear but man I would love this. Another 10 months of making up for my past mistakes. Another 10 months of accumulating. I would maybe finally reach 7 digit hell.

>>29409537
None. Do you really think that brainlet chart applies to everything? It would be pretty easy to make money if that was the case.

THIS IS NOW A CORETO THREAD

ROLLING RED BTC WILL BE DEAD IN THE NEXT 25 HOURS SELL...SELL...SELL...SELL...SELL...SELL...SELL...SELL...SELL...SELL...SELL...

>>29409434
Im with you that could mean we are denial

Well, the 62 year old guy I work with texted me yesterday to ask if I thought "bitcoin currency will be around in the future" because he heard I knew about "such things". I sold. I didn't in 2018, and I'll be damned if i miss that marker again.

>>29409922
Checked. Bull trap confirmed

>>29409492
midwit confirmed

>>29409434
2018 was the first sell off.

We are currently in Bear Trap. We'll probably be in this zone for the next couple weeks. Then we'll get Media Attention after some time.

>>29413938
This marker only works until critical mass is reached in adoption and even laggard boomers are forced to participate with or without their knowledge.

>>29413371
First major correction was in january when it dipped 25%

>>29414240
it's still not easy for boomers to get into crypto, my mom was asking about ETFs the other day. I already cashed out about 25% at the top and have my finger on the trigger to dump more. people forget how much mainstream adoption was happening in 2017 too, major retailers started taking it, major investment firms starting putting in positions, ect. it still fucking crashed

>>29409434
looks like wynaut on bsc

$MCM found on biz is it good?

>>29409537
Enthusiasm

>>29413938
You made a mistake. The markets obey the Pareto principle, meaning that 80% of the gains happen in the last 20% of the cycle. Obviously it's very hard to determine when that last 20% is happening, but from previous market experience you shouldn't sell when the normies first ask. You should wait at least 1.5-3 months after that to catch the massive gains.

>>29409922
based

This thread smells or denial.

>>29409434
>zoomers think a cycle is 1 month long

>>29410793
> That ID

>>29411242
I tried to read that tweet, but apparently it's private or something. Who the fuck makes a twitter and then makes their tweets private? What's even the fucking point of posting on a public website?

>>29409858
Dude I have some AAA rating mortgage bundles to sell you.

I've been doing this shit since 2014, I just sold my 54.4 bitcoins and I'm retiring, see you in another life brothers

>>29409434
Just the weekly dump, nothing special.
Pic related, average weekly price relative to the weekly max.

>>29414882
I'm pretty sure these threads are just whales trying to manipulate the price with FUD.

>>29409534
first sell off of this run you dense motherfucker

>>29415165
Why would a whale manipulate the price downward? a whale is not accumulating at 50k.

>>29415213
I'm too lazy to make an edit of this meme but pretends its saying
>wait, its always been the first run?

>>29409537
Still rapidly approaching the economic Armageddon.

>>29415248
to accumulate more before it gets to 100k.
Just because you have a lot of money, doesn't mean you will not want more money.

>>29414676
>there's now a Canadian bitcoin etf for boomers

>>29415416
Its a crap shoot if it gets that high or not. I certainly wouldn't be poking holes in the price because I'd fear that a slight shift in sentiment could send all the nigs and roasties into panic and I'd need those nigs and roastie's liquidity to offload my bags.