/biz/ - Business & Finance

Your mom is a shake out

>>9820126
What's funny about this graph is that it always crashes...why bother

>>9820084
You were her in September 2017. You’re late anon.

>tfw dont make enough fast enough to keep buying

only being able to put in a couple hundred every 2 weeks is suffering. I'm considering selling off my video game collection but idk if I can do it

>people actually believe they are early adopters

Yeah not like the normies and news were all over crypto in December and January. Hell, when my Somalian taxi driver told me he bought ripple at $3, I knew it was time to gtfo of this clown market

>>9820245
They rely on people being stupid enough to fall for it because they need their dead investment to have some sort of value before the bottom truly comes.

People being retarded is the only way to generate a bubble. By definition, they are overvaluing a product and that's very dumb.

>>9820084
As bad as this is, and it's bad, I'm down two houses worth, I don't think we are even in Institutional Investor phase yet.
If and when Institutional Investors get the OK to invest it could be explosive.
https://www.ccn.com/cryptocurrency-will-become-a-20-trillion-market-billionaire-bull-mike-novogratz/

>>9820245
depends how long your timeline is. i thought i was late to amazon in 2008 ($70) and late to bitcoin in 2013.
there's no guarantee bitcoin will last 20 more years but if it does how high can it go?

Top fucking kek. We are at fear right now. April was return to normal

Everyone and their mother knows about bitcoin by now. The market is dead as fuck. Normies are not coming back in until we reach another ATH, and you know that won't happen ever again. Keep telling yourself that you're an early adopter while it keep plummeting down to 3K though.

>>9820470
I don't buy that at all.
heard of bitcoin, sure.
Know what it actually is, Maybe 50% of those that have heard of it.
Actually ever bought a bitcoin. Not many.
When they can buy the Bitcoin mutual fund, then we will see a bubble.

This tell the real story
http://www.blocklink.info/distributions.html

>>9820084
Why do people think this shit follows a fucking script?
And drop the (((they))) meme, it just shows how much of a twelvie you are with your total of $4.50 invested in ETH.

>>9820548
good one sarge you really got em!

>>9820435
>comparing a growing company to a meme that is pumped entirely by millennial delusions (reality check: barring some hipsters coffee shop, nobody accepts this garbage as real payment).

Crypto will go no higher than it did in January. The normshits flooded in and lost their money (also while waiting 2 weeks for their superior tech buttcorns to transfer, Lel)

>>9820410

>guy with a position wants you to pump his bags

Wow it's almost as if he has some kind of bias and reason to try and manipulate the public

Nah. Most alts are still overvalued and heading to zero.

>>9820623
>>guy with a position wants you to pump his bags
>
>Wow it's almost as if he has some kind of bias and reason to try and manipulate the public
I doubt my Bags are a blip on the radar.
Goldman Scahs is coming into the space as we speak.
Coinbase just started an institutional arm and the SEC is going to allow tokanized securities..
Apple on the blockchain anyone ?
Anything could happen. We are still in the wild west.

>>9820646
Most alts, sure I agree. But the coins with actual use like Bitcoin, Monero, Ethereum. We haven't seen nothing yet

>>9820670
Also Decred and CLAMs. I predict $1000 xmr and decred. Also CLAMs over $50 by end of 2019

>>9820084
thanks OP i needed this comforting thread
i was getting scared

>>9820665

Except we aren't. We were in tulip town, and now that the excitement had long past, people are starting to realise just how pointless these tokens are.

The entire market is just a handful of mega whales and a bunch of young retards praying that another retard will buy his bags for a higher price

>>9820692
here this will make you feel good.
https://www.ccn.com/cryptocurrency-will-become-a-20-trillion-market-billionaire-bull-mike-novogratz/

Who knows.

>>9820706
Tulips were a perishable commodity in a market that fomo'd for one year. There is zero correlation.
The proper correlation is the HUGE 1996 .com drop...
Was up 5 trillion from that drop till 1999.

Dude stop it.

If the shake out is going to work then these brainlets needs to sell. Let them.

>>9820195
Learn how to make backup copies on your hd and sell them. This is why pc is a good platform, you can work on your charts while building your digital collection for when you make it you can buy it all back.

>>9820084
not a shakeout, idiot.
The broke through the organic support, it's going to 0 now.

>>9820746
unironically this

>>9820084
OP, that is the worst mean for a graph I've ever seen

>>9820746
Yes.

>>9820470
We are just getting started. Institutions all around the world will soon get in. Do you realize they will get in once others get in? They want to make money as well.

>>9820548
hey JDIF

>>9822532
>he fell for the institutional money meme

>>9820084
>He thinks this is a shake out
Continue to hold my bags for me OP, this ain't not shake out.

You honestly think crypto is finished? Done? You think it's just going to go away? There are use cases, and it does have value. Don't fool yourself into thinking crypto has any less value than paper Federal Reserve funny bucks. Think about what you're involved in and what it means

>>9822610
My funny bucks gets me whoppers on the daily for the same price. Unlike crypto-shit.

>>9822532
retard

Crypto is not going away. The market is being manipulated, they know that dumb froglets will sell if it keeps going down. The wheat is being separated from the chaff right now, the people who will survive and make it are the ones who are smart enough to realize what is going on.

>>9820084

Judging off /biz/ right now we're pretty firmly in despair

I don't think its crypto is over in the slightest, but I have a feeling its going to take longer than most want for it to come back...probably 2020?

>>9820084
Big if true

>>9820126

>>9822642
...for stating the inevitable.

>>9822642
18 and over pls

you dumb nigger ... the cycle would repeat itself but right now capitulation hasn't even kicked in

>>9822879
No shit. Took you this long to figure this out? You people are seriously retarded.

>>9820746

Am I the only one looking forward to panic?

It been too long since a good old fashioned shitstorm.

>>9820126
! jej

>>9820245
Pajjett I see you've been listening to that old pajett buffet.

>>9820084
one thing i've never understood about this graph
is it showing a cycle? or does return to mean mean it will never moon again?

>>9820180
people were saying the same thing back in 2017 then december happened. stop the fud

>>9824720
It shows a bubble. What happens before or after the bubble is meaningless as it is entirely unpredictable. How is this hard to understand?

>>9824734
He is fucking with you >>9824720
It's a cycle, just like most major markets i.e. stocks. The bubble hasn't burst because blockchain has yet to be incorporated into every day life

>>9820084
Bear trap that last 6 months seems like we have years to go before peak