/biz/ - Business & Finance

>>49804173
yeah the rich already sold at 69k and wanna rebuy cheap so they can get richer. They are getting normies out of it in the process because they told the normies to buy at 69k

>>49804173

No reason? Cope harder, anon.

>>49804173
No reason?
Are you like stuck in 2020 0% interest rates anon? I...

>>49804387
That's what I'm think the elite won't let everyone get rich. I'm going to buy in soon and hope slip through the cracks in the next fear years

>>49804387
Normies already sold. Everyone is sidelined waiting to buy in under 10k

It's as fake as what pumped it up in the first place, you've got that right

>>49804814
Yuh I have about 100k In buy order for btc and Xmr once it hits 10k

>>49804173
True the entire space becoming a 2008 bank style ponzi has no reason to crash, neither does selling jpgs for 500k-1m

>>49804858
Correct and I think the rich will do it again in a few years. They sold at the top and made billions then crashed it again to rebuy. Easy money for them. I hope to ride their greed wave in the coming years

>>49804880
give me one reason why 1m is too much for a jpg

>>49804917
Chiefly because you’re a nigger

>>49804835
Correct and I think the rich will do it again in a few years. They sold at the top and made billions then crashed it again to rebuy. Easy money for them. I hope to ride their greed wave in the coming years

>>49804173
>Insanely overleveraged scammy firms getting crushed
>No reason

lmao even if that was the only reason it'd be enough

>>49804814
>>49804858
Which is exactly why it won't hit 10k.

>>49804948
What you think it will hit?

>>49804948
people are still unironically bullish, its crazy. we will have to slowly bleed for a year or so to hit 10k.

>>49804173
these cycles are all so they can buy up all the chainlink while normies get conditioned to think link is a scam, if they all dogpilled link it would be obvious and everyone would own at least 1 link leading to complete self sufficiency

>>49805045

>>49804173
>No reason behind it other than some firms getting liquidated.
Inflation.

>>49804948
everyone claims they will buy lower when a recession starts. then they lose their job, cant afford groceries, and buying non-necessities seems ridiculous even if it drops to their "target price"

>>49804387
yup
everyone got reverse uno card game stopped

>>49804173
>NO ONE is buying
>fake crash

>>49804998
I don't know but not 10k at least for now. Maybe at the absolute bottom after another bleed out for a couple months.

>>49805045
Nope I believe by eoy things will be different

>>49805199
we r in ze recession already but yes it will get worse, I just know that by eoy bobos will have roped. Not a moon boy either

Bitcoin is digital gold.

>>49804173
The firms getting liquidated undermines the legitimacy of defi, it’s incredibly bearish

>>49804814
If everyone is waiting to bug at 10k then it either goes far below 10k or it doesn’t bottom out at 10k

The firms is wut crypto lives on like the country on the banks. We dropped the ball when we as a community didnt prop luna and celsius back up and bail them out.

>>49804173
Soo crypto is runing by DEBT uh ?

>>49804173
>feels like a fake crash to me. No reason behind it

Please explain how you justified the rise??!

>my massive losses?
Those are fake

>>49804173
>No reason behind it other than some firms getting liquidated.
Huh... I wonder why.

These liqudated firms borrowed from other entities in the space
Until shit clears out, everyone is assuming there is 100s of million of bad debt running around the block.
Also, the market wants blood. So many of these dumps are chasing for more bodies.
The last big pump, liquidated a bunch of shorts trying to kill off 130M on aave

>>49806567
There is another big one on solana at 22$.
Not to mention Sailor
Next few days/weeks are going to fun

>>49806567
>The last big pump, liquidated a bunch of shorts trying to kill off 130M on aave
was fucking awesome to watch that position survive by a tenth of a cent on the eth/usdt oracle. Better entertainment than any tv show watching whales duke it out like that

>>49804173
Economy held up by funny money for the last few years. Inflation up the asshole. Supply chain issues across the board.

>Fake Crash

Get a grip bro

>>49805049
>Governments ban and unban crypto
>people think it's going anywhere.

>>49804173
Um my man read global news sometime. Shit is about to get a lot worse than just losing some money in stocks and crypto. You're going to be worrying about the lowest parts of this triangle.

if you look at the on chain volume it is incredibly low for a major selloff like this. This is all off chain fuckery between cex's and has little to do with actual bitcoin

>>49804173
The way regular people are talking now and how quickly they have accepted a terrible recession/depression, unattainable house prices, and lowered standard of living, all without batting an eyelid just going back to Netflix and ignorance… it makes me think things could get truly dark. There is no one to stop, just the amorphous “they” in control, who aren’t liked but aren’t stopped either. Feels like the great reset is possible. And people would just accept it without complaint.