/biz/ - Business & Finance

It's going back to 50 like always you stupid retard. Buy 50, it will dip to mid 40s, then return and bullrun whenever it chooses. Welcome to crypto 101.

im an ancientfag (been in crypto since late 2021)
we are going to 50k

>>58020896
>how low do you think are we going to get?

2016 oldfag here stranded in low 7-figure hell.

Hard to say how low it will go but the market is going to drop now and into the summer. Recovery usually by late September-October and then madness and ATH late 2024 or early 2025.

>>58020896

We could go as low as 63 before we go to 80k

>>58020896
>>58020909
>>58020912
I was in the 2021 bull run and sold late 21 and forgot about crypto until reading about the halving in a month. What should my entry price be? 50k? 40k?

>>58020912
is a long way anon, in how much time do we get there?

>>58020923

There are institutions now
This time is different. We are also on the first stages of adoption as daily currency, it's a new paradigm

>>58020944
It'll take several weeks. That's why you need to sell now

>>58020923
I am 59k in profit. If my profit is cut to 50k i sell everything. Crypto is a wild beast, man. There will be time to get back in.

>>58020949
are you ironically topposting?

>>58020954
Straight and all, no double top or nothing. Geez

>>58020972
we kinda did double top

>>58020961
no

The bullrun hasn't even started yet

>>58020981
Oh i see, i didnt even looked at it that way.
Well, time to get the pain tested i guess.

>>58020949
>This time is different.

You stupid cunt. The institutions are only there to make money on fees. You think BlackCock owns Bitcoin themselves? Are you retarded?

They merely custody the Bitcoin to satisfy the ETF charter, their money is made in the trading fees and MERs.
Goddamn it, top-buying redditors and newfags get stupider with every cycle.

Listen to me. When you break 7 figure I might listen to your opinions. You can sniff my ass until then.

>>58020896
I honestly don't think it will even go below 62. Conventional wisdom says 50s, but things were more volatile then, there really hasn't been a lot of sustained selloffs thus far. I just want to see a red candle print so I rest easier.
I think we get a month in range at high 60s and then it takes off higher by May.
Weird ass cycle, it really is trading more like equities now.
>>58020981
If you can't see it on the monthly, forget it exists.
>>58020912
imagine being a 21 fag thinking you are ancient.

>>58021111
Do you recognize this as big players cashing out? Testing all the pain maybe?

>>58020912
ACTUAL ancientfag here (been here since febuary 2021), this shits gonna dump

>>58021155
I mean you can easily see when people cash out by tracking large wallet balances and exchange flows. Exchange inflows have been steadily increasing the entire rally.
Legit whales don't usually block sell. Big positions need to be unwound gradually. I don't think anyone's rushing for the exit right now.
This time is actually different because of the institutional ownership. They cannot or will not sell at the drop of a hat. Aside, what everyone usually did was buy through the rally, dump it all and fuck off to stocks for a couple years. I don't see them doing that. They will definitely pare down exposure for the bear but they're fighting a sort of business competition now. Normies want BTC and everyone wants to be the provider. It's basically the same as the major exchanges always holding, only now it's tradfi joining in.
>testing pain
So stop hunting and little short squeezes are a serious strategy in crypto because the markets are still immature, totally accessible, highly leveraged and easy to bag. If I can do it as an individual you bet funds and banks can do it too.

>>58021485
So who is causing the dumpage if not the whales or the institutions? The exchanges?

>>58020896
up and down but mostly down until sometime past the halving

>>58021683
It's normal volatility. Not even spooky tier
100% of holders in profit recently. No surprise people sell off. I did too

>>58022109
All? Or just took profit?

>>58020896
What are you saying fag? My Qanx bag is still in profit

>>58020896
Are we going up again? Holy shit my alts got skinned 8%. They are not pumping back up

>>58020896
MUMU (the eth one) is not meant to be a replacement for BTC are you retarded or just pretending? Dunno about pepe cuz i never got too into it
And i hope it get lower, i want to buy low and sell high for once, fuck

>>58020896
I said this the other day. 50k if you’re lucky and it will be brief.
If you’re interesting in slurping I wouldn’t wait for it to touch 50k, slurp in the 50s
t. Came here in 2016 from /g/

>>58025381
>interesting
interested

My plan is to DCA until it's get one dollar over 100K, then I'm out