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/biz/ - Business & Finance

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11987324 No.11987324 [Reply] [Original]

BTC is being upheld around the 4100 mark in a desperate attempt by people who have spent too much on mining equipment buying in order to keep the price up so its profitable. This is the last stand of desperation, pretty soon they will give up and the “floor” vanishes beneath their feet. When that happens, and we aren’t far off, BTC will go to triple digits in 2019 and double digits in 2020. Its been fun, but this is the end.

>> No.11987465
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11987465

hey bobo, lick muh bawls.

>> No.11987482

>>11987324
You're probably right.
Some say the number is 3800 if you have the latest and greatest mining equipment.

>> No.11988348

>>11987482
Yeah, when it reached that level the small uptick kicked in so i’d say thats right

>> No.11988370

>>11987482
I can see this.

Anyway, strongly suspect we hit triple digits by this time next year. My personal prediction is EOY of about $2k or so.

>> No.11988403

>>11987324
The price will dump so hard once all miners become active sellers and not speculators, there a significant amount of them that are holding for whatever reason, but miners right now are probably not making any money, especially those who went apeshit buying Asics.

This is a timebomb

>> No.11988424

>>11988370
triple digits and then eoy $2k will rattle a lot of people

a lot of respected analysts think that if we break below $1200 then the mega bullish market structure would be broken, and i think they're going to crash it below $1200 to shake people's faith in bitcoin, otherwise bitcoin hodlers will just be buying the dip

they need to break below $1200 to shake out even the most die-hard bitcoin maximalists

>> No.11989260

>>11987465
>he doesn’t know

>> No.11989640

ARTIFICIAL PRICE SUPPRESSION TO BUY CRYPTO AT LOWER PRICES.

>> No.11989667
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11989667

Maybe we should go into SV. Seems like the next best ponzi

>> No.11989689

Triple digits maybe, double no.
We should bottom around the peak of the last bull and stagnate. Next year we will see the low of this bear market before moving on up again. BTC moves in cycles.
Remember the past doesn't predict the future but it does rhyme

>> No.11989741

>>11989689
No way, see this guys response for what will happen >>11988403

>> No.11989753

>>11987324
getting real tired of your shit bobo

>> No.11989763

>>11989741
So then every whale in the market will instantly go all in and weeeeeree back end of day. Big deal.

>> No.11989768

>>11989741
Dont be a potato. Once people turn off miners the difficulty drops and it becomes profitable again. Its a self regulating system.

>> No.11989775

>>11987324
Cool blog.

>> No.11989887

>>11989689
>but it does rhyme

It rhymes with bull markets of new asset classes.

>> No.11989981
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11989981

>>11987324

We're gonna fall into the pink abyss. We've actually entered it already. Just barely hanging on with one hand on the edge.

>> No.11990120

>>11989981
What am I looking at here?

>> No.11990172

>>11990120
Classical worm climbing arm pattern

>> No.11990306

>>11989981
Curve the abyss and you will keep accumulating