/biz/ - Business & Finance

8k is what people are afraid of more then 4k. Because they belive that if it can get down to 8k, what does it stop to go down to 7k, 6k, even 4k. And here comes the beautiful part. After april 6th, crypto market went from bear into bull. Alltho normies got out of crypto and hate it because litterally everybody lost money, because fomo, now, the big boys see their opportunity. Every single fund and investor is either considering or is allready activly investing in it. Big money is coming in either you like it or not. They stayed out of it in the start, but now that they see there is no way around it and crypto is here to stay, they know they have to play the game. There is so much positivity on the news around crypto that you simply cant drop it to 8k.

And now we are at 9k. Problem with 9k is that this is tipping point. This will go 10k and 11k if left untouched. Meaning if nothing big happens, like BCH mooning to 10k first, BTC will hit 10k and 11k mark. There is simply no other outcome. It cant go down, the pressure is too huge. It cant go to 15k either anytime soon. But it wont stay at 9k as well.

Only time you should be afraid about BTC crashing again, is if something better comes along. Until that time, BTC wont go neither to 4k nor 0$.

>>9128117
> You're a brainlet

>>9128117
Didn't know anyone was panicking? Are they? Really? Didn't think so.

This is fucking dumb. The beanie baby logic only works temporarily. Something can never have value permanently throug the greater fool. The way it'll work is it'll slowly bleed out. Gradually, 6k will been seen as the new norm, then 5k, then 4k. Remember at one point it was selling for 1$.

Think about it - this argument would have applied to tulips, railway stocks or dot-com stocks.

Lol you're fucking retarded. Of course people would jump in to buy 6k Bitcoin if it happened RIGHT NOW. But in reality things don't happen this way. Remember back when we were crashing from 20k? everyone called 8k the bottom. Everyone was so sure they're going to buy it then. We eventually reached 8k. And then we continued to go down. Then 7k and we thought "surely THIS is the bottom". Nope. We kept going down.
This will be no different. When we actually go there, everybody who wanted to jump in at those prices will think twice.

>>9128117
Appreciate the positivity but you're forgetting a few dark clouds hanging over us:

>regulations
>mt. gox wallet
>tether

At any given moment, one of these will pop and cause utter chaos within the cryptosphere, plummeting the price to wherever the fuck. While it's important to always keep a good attitude and hodl, be smart and look at the entire picture.

>>9128266
reddit tier drama topics
get back retardo

the only dark cloud hanging over this shit (not us) is that people figure out what a retarded and worthless mlm ponzicrap the shitcoinmarket is before i amassed enough retardo money and cash out

>>9128117
Trust me, I've been reading this same shit about btc hitting 14k, 3k, 12k, all the way down
If the whales want to tank it, it will tank

>>9128462
>the only dark cloud hanging over this shit (not us) is that people figure out what a retarded and worthless mlm ponzicrap the shitcoinmarket is before i amassed enough retardo money and cash out

This. Notice how now the FUD does almost nothing to the price from trending upwards where as before it would crash to the floor. It goes how the whales want it to go.

Jihan will get his way, like always.