/biz/ - Business & Finance

>>7354545
6150
1
5
0

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>strong support at 6100

>>7354545

6120

Strong support at three fiddy

WE'RE ARE ABOUT TO BREAK SUB-6K.

>strong support at 6099.98

THE BOTTOM IS THE GRAVE

6.2 tried to hold on, ill give it that. when it broke i heard that shit shatter

>5k is rock solid guys

$1 strong support incoming

>less than 6k soon
>mfw I bought 10 bitcoins on a whim back when they were 30 bucks a piece and sold nine of them for 16k and felt BAD about not cashing out when they sold for almost 20k

I feel great now. Gonna stick with my last coin till the end.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

WAKE ME UP SOMEONE PLS

>>7354545
Let's be real.

There is no fucking way it goes below 6k guys.

hodl guys im an expert in technical analysis and there is really strong support at .20c
we good.

>>7355564

>strong support at 4k

>>7355554
holy shit an ill bill meme

Going to 3k that was the bottom after China FUD

screen cap this. Be prepared anons

>>7355564
VERY STRONG support at 6k, i repeat VERY

NNNNOOO! NOOOOOO! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHH

Where can I watch live price updates and jack myself off to the schadenfreude

>>7355564
>no fucking way it goes below 6k guys

>6100
>6100
>6100
>6100

>>7355743
I'm watching cryptocompare idk if there is something that's updated sooner.

NICE
Time to buy back during the dip. I'm going to make back the university funds of my kids that I lost these few months.

>>7355743
https://cryptowat.ch/
>>7355564
Anon you know what is gonna happen

>>7355743
https://www.gdax.com/trade/BTC-USD

any good reddit salt?

>>7355882

eth went below 600.. how low do you think it will go i want to buy back at 200-300

>>7355564
>There is no fucking way it goes below 6k guys.
>There is no fucking way it goes below 5k guys.
>There is no fucking way it goes below 4k guys.

>>7355844
>>7355825
>>7355878

Thanks anons

>>7355743
tradingview

we've reached the actual fucking point where you decide to hodl until the end of time or cut your losses

I think most people here will agree with me when I say AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>7354545
It's gonna be 5k within the hour

Should I buy now or wait?

>>7356174
buy gold avoid this ponzi scheme

>>7356174
100% wait

>>7356120
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHH

LIFE SAVINGS COME BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACK

>>7356174
real trader here, its way too fast give it some time

wherever the low is, you'll probably see a couple of retests, this is air pocket action

>>7356174
Only buy what you can afford to lose. Wait to buy it’s still crashing

>6080

>>7356394
>6010

If we break 6000 (pretty big wall there)
it is literally over, its free fall from here

>>7356529
no, support at 5900 kek

>>7356598
no no no no NO NO NO

>>7356529
It's already over. The sheer amount of people currently fear selling trying to get whatever portion of their life savings out of this scam before it's too late is already driving the price of this shitcoin down. Just sell before it's too late anons. You don't want to be the faggot who lost everything because you thought you would make easy money by looking at numbers go up and down for days like a lunatic.

>>7356529
>it's free fall from here

m8 we've been in free fall since we broke 10k

>>7356394
>>7356500
Are you guys fucking with me? It's not possible to fall this fast

6100 CROSSED

THERE IS NO TURNING BACK

I REPEAT

THERE IS NO TURNING BACK

SELL SELL SELL SELL SELL SELL SELL SELL SELL

.................. what the actual fuck. selling everything right now

>>7356529

I agree its a psychological barrier

>>7354545

>6002

>>7356760
The issue with 6k is it's only 2 thousand dollars off being less than what it costs to mine bitcoin/
Not to mention, round numbers are psychological, I expect a free fall down to 5k, with slight resistance, and then it just drops from there

>>7356780
>6000
per https://www.gdax.com/trade/BTC-USD

>It's not possible to fall this fast
Welcome to crypto. What? You thought the lambos came easy?

WE'RE BELOW 6K

Did that 1.5 million sell wall on coinbase just get eaten in a minute?

>>7356945
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

5K AT GDAX

WHAT THE HELL

>>7356919
>5910

https://www.youtube.com/watch?v=gfkts0u-m6w

>5K

5.2k is the ground floor

it's fucking over, SELL

SELL

SELL

>>7354641

If dubs we recover

>>7357054
When you fall this far, you break through into the sub-basement, anon.

the wall at 6k on gdax just fucking disappeared

>>7357090
if dubs and it hits 3k by the weekend

>>7357063
Now it's really fucking over, this is at least a two years bear market.....

>>7356870
>The issue with 6k is it's only 2 thousand dollars off being less than what it costs to mine bitcoin/
Really? Sorce on that?

REMINDER

>>7357054
When will you give it up?

>>7357156
i'd say 5 years boring grind fest IF it doesn't go to fucking 0

>>7357111
this is what it was at just a second ago

>>7357152
it's gonna hit 3k by tomorrow morning

>>7357152
if dubs 4k

You guys better buy my dip, my house is on the line.

>>7357177
CHECKED AGAIN AND CONFIRMED

JUST BUY LE DIP :^)

B-but Cernovich told me that BTC was the future.

>went up hundreds of dollars on each exchange in seconds
a-are (((they))) here to save us?

HHHHHHHHOOOOOOOODDDDDDDDDLLLLLLL

>>7357152

CHECK THESE DUBS FOR INSTANT ROCKET TO 20k

All these buy orders on GDAX here are about to get slaughtered

>Back to 6200

Oh shit

>>7357177
He fucking 77ed us again. We're doomed.

>>7357212
w-what does that mean though? one person had all that and sold?

Judging by the wojacks being posted it seems you guys bought high and are planning to sell low? :)))

LMAO SOME RETARDS ARE BUYING LIKE CRAZY

UP WE GO BOIS

>>7357294
That kind of volume...Could it be?

Are They saving the market?

>>7355523
You did good anon. Maybe should have bought 30 pieces instead of 10 back in the day, but it's ok.
Always stick with one, who knows if in 20 years they will be a million dollars a coin

WE'RE MOONING BOYS

fuck me I shouldn't have sold 5 minutes ago...

GREEN CANDLESTICKS

And rip everyone who sold it beofre this amazing bull push. won't last long though

NO
THIS CANT BE HAPPENING
IT WAS SUPPOSED TO HIT 5000 BY TONIGHT
NOOOOOOOOOOOOOOOOOOOOO

>>7354545

>>7357513
BUY BUY BUY

ALREADY BACK DOWN TO 6300 DEAD CAT

>>7357513
Dude it's not even the first bounce today. Shit happens after every major break.

ROAD TO 50K BOIS

>>7354545
it's rebounding to 6.5 but for a moment it was actually this low, it almost touched $5k, holy sh*t

>>7357513
Dead cat bounce it's SUPER common right when it drops a full K. It will tank again soon.

>>7357651
This. I've watched it happen with every new low; really unnatural movement.

BUY THE DEAD CAT

>>7357651
Whales are going to short. Tread carefully lads.

>>7356197
>buy gold
this

A pathetic attempt.

That's it lads we reached the bottom

>>7354641
>>7354663
>>7354699
lmao

It's gonna drop hard within the next 10 minutes, the short did not bounce therefore whales are about to panic sell.

>>7355902
redditors literally selling nudes of their wives

SUB 5.000€ ON COINBASE

still +128% so who gives a shit

>>7358041
imagine seeing this 3 days ago

desperate anons clutching onto 6100 support, LOL

>>7358032
dead cat bounce

>>7358443
Do you learn this on ECON class? I'm doing the first part this semester

this board is the greatest

>>7358165
>its just a deadcat bounce it will go back down anytime now
>its will go down in 10 minuites
>it will surely go down in 20 minuites (you are here)
>it wll surely go down when it hits 7k
>it cant possibly go above 8k
>its going to dip anytime before 9k hits
>10k is impossible normies arent ever coming back
dont get left behind

>>7358768
this anon gets it
>str8 to the moooon

>>7358768
my man

>>7358597
This is an 18+ website.

>he didn't sell at the highest mark
>he didn't invest in gold using the money
>he doesn't have any massive passive income now
OH NO NO NO NO HAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHA

>>7359006
pls don't bully I had money issues I kinda started university late

here from /pol/, I have absolutely no idea what's going on or any understanding of any of this since I'm not a moneygrubbing kikelord shut-in but thanks for all the pink wojaks you fucking nerds :^)

>>7359636

Dead cat bounce is a part of Introduction to Financial Markets 101 usually.

>>7360756
Thanks I'm probably gonna take that in Fall

FUCKING DIE ALREADY

NNNNNNNNNNGGGGGGGGGGGGGGGGGGGGGGGAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

6,100 Boys

>>7355564
ahahahahahahahahahahahaha
you millennial tossers are giving me a stitch

HORRREEEEE FUUUUUCK

I'M DOWN 5K ON THE DAY

HAHAHAHAHAHAHAHAHAHA

BTFO

>HE BOUGHT THE BOUNCE

>>7357345
No, one bot had all of that and pulled the order.

Just a regular day on the fraudulent exchanges of the crypto world.

https://www.youtube.com/watch?v=iJR7YBvhif0

I made a thing

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

RAGRLABARBABRARAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

AAAAAAAAA!! AAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!!!!!!!!!!!!!!!!!!!!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>7361810

aaaaaaaaaaaaaaaaaaaaa


AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAANONONONOONONONONONONOONONONONONONONONONONONONO
WHERE IS IT WHERE IS MY 80K MOOOOOOOOOOOOOOOOOOOOOOOOOOOMNNONONONOONOONONOONNOONOOAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

The natural price for bitcoin is likely about 1-2x what the power to make it costs.

>bought @ 7700
>sold @ 18k

Feels good. One of the luckiest things to happen to me. Going to get back in if this goes under 2500.

Can anyone with actual economics understanding why Bitcoin fluctuates so hard relative to other goods?

>>7362066
git clone bitcoin
sed 's/bitcoin/bitcoin2/'

>>7362066
Would have been better to invest in energy or gpus imo

>>7362113
You don't need actual economics to know that it has no value because it is essentially just information.
Most currencies are backed by some form of reserve (gold, etc) but not bitcoin.

>>7362113
Absolutely no real world backing for its "value."

>>7362182
That's my take on it as well, the fuel burned for electricity and the processing power and time involved in mining is worth more than the currency itself.
It's like buying car exhaust,

>down 75% from initial investment
how will we ever recover?

>>7362182
>>7362212
Do you not know how fiat currency works?

>>7362321
we will not, that's how.

>>7362182
>implying fiat isn't just a bunch of bullshit smoke and mirrors
I'll accept that there isn't much inherently special about why Bitcoin is valued the way it is outside of people deciding that's what they want to pay. But don't give us any bullshit that there's something inherently untouchable about fiat currencies as we know it.

Please tell me about these currencies backed by gold.

>>7362113
the price of stocks is based on the profits of the underlying company. in basic terms the fluctuations in price comes from subjective views on how that company will do in the future. eg. if you ask a room full of people how well a new movie will do at the box office you'll get a huge range of answers.
Bitcoin on the other hand has no direct profits and people are basically just playing hot potato with them.

>>7362066
>The natural price for bitcoin is likely about 1-2x what the power to make it costs.
price doesn't work like that

>>7362182
>Most currencies are backed by some form of reserve (gold, etc) but not bitcoin.
they're not

Isn't fiat backed by the relatively stable 300 year old US government? Nobody buys fiat to invest in fiat to watch it all balloon up.

Fiat is actually used as a form of currency and people use it to invest in other things which have higher expected and stabler ROI than bitcoin.

>>7362520
But USD is backed by the laws of the US govt. If you do business in the US it has value to you, the govt only accepts USD as tax payment.

No meaningful entity is legally obligated to accept BTC as payment for debts.

Thread theme.
https://www.youtube.com/watch?v=uAsV5-Hv-7U

>the bubble will never burst!
hows that portfolio doing shitheads

>>7362520
Fiat currencies are backed by a government, an army and a federal reserve

It's not untouchable but it's far from being digital monopoly money

>>7357177
Ha. Checked!
>The bear will leave its cave forever.

5.5K HERE WE COME AAAAAAAAAAAAAAHHHHHHHH

>>7362520
>US doraru is not backed!
>we quit using US doraru!
>gets invaded/couped/suicided/civil wared
This is how it's backed retard

just lost $40,000. jesus...

who can beat this /biz/bros?

>>7355715
That guy on left is a non-coiner?

>>7363406
charge your phone fagget.

>$5969

>6050

WHERE'S MY MOON MISSION, MOMMY
AAAAAAAAAAAAAAHHHHHHHHHHHH

AND I'M FREE
FREEEEEE FALLLLLINNNNNNN

https://youtu.be/dDbsDpTIRzE

>>7355391
>2k is rock solid guys

>>7363406

Winning is still losing.

I dont even care anymore

Everything is fine! This is a great windfall and now is the time to buy!
Get while the getting is good!

>>7363854
fucking hell

NONONONONONONO STOP ITTTTTTTTTT

>>7357177
Good lord

>>7354545
broke through 5K again.

woops.

The absolute state of crypto

Its clear to me that this will never go mainstream. In what world can your assets drop 70% in the space of a month and you expect it to be adopted still.

>>7358768
>>7358940
HAHAHAHHAHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

WHAT DID I FUCKING TELL YOU RETARDS NEVER BUY ON AN OBVIOUS SHORT LMAO

We 6k now
trader bots are holding fast

>>7364489
We were not gonna make it in the first place.

>hits 6k
>instantly jumps back to 6100

if i get a 5 we'll see BTC dip below 6k tonight