/biz/ - Business & Finance

[Anonymous No.12217916]

Let's put this shit in perspective kids. BTC was at $6,400 on Nov 1 and by Dec 1 it was nearing $3,700. It hit an all time low of about $3,200. Now that it's pumped $800 you think the bear market is officially over? This shit is still far from over. Unless you're swing trading, don't buy until the next time it snowballs to a new low.

You've been warned.

[Anonymous No.12217932]

>>12217916
make the bull run happen

[Anonymous No.12217936]

no, everybody is just making fun of the people that literally waited 12 months into a bear market to sell

[Anonymous No.12217941]

>>12217916
Hmm I wonder what op gains from posting this thread...?

Hows that short doing buddy? Lmao ur gonna get smoked

[Anonymous No.12217949]

>>12217916
Too many people are still bullish. True capitulation has not even come close to happening yet.

[Anonymous No.12217960]

Yes, the bear market is over. But that doesn't mean the bull market has started. We'll be bouncing up and down for the next 6 months or so.

[Anonymous No.12217971]

>>12217916
>all time low of $3200
Uhh

[Anonymous No.12217972]

>>12217916
Sounds like you're coping with the fact that you didn't buy the bottom. You're desperately praying that there will be another huge dip. Perhaps it will happen, perhaps it won't, but I don't see any reason to listen to advice from someone who missed the most obvious (local) bottom ever.

[Anonymous No.12217978]

>>12217916
we're gonna party on without you bear fuckers.

[Anonymous No.12217999]

>>12217916
>all time low of $3200

[Anonymous No.12218025]

>>12217936
Only brainlets double down on mistakes.

[Anonymous No.12218032]

>>12217949
people wishing that they made it during the height of the ponzi arent going to make it ath again, kid

[Anonymous No.12218045]

>>12217972
perhaps youre trolling

[Anonymous No.12218056]

>>12218025
Then perhaps they should've stopped doubling down when they lost 25% and not when they lost 25% 7 times kek.

[Anonymous No.12218062]

>>12217916
>the absolute state of retards

[Anonymous No.12218073]

>>12218045
I don't think you understand what trolling means.

[Anonymous No.12218089]

>>12217916
I'm shocked it bounced this high. Truly baffling when there's only so much time to break those GOX hands.

[Anonymous No.12218102]

>>12218062
what are the parameters of those indicators?

[Anonymous No.12218117]

>>12218032
That's where you are wrong anon, absolutely wrong.

[Anonymous No.12218149]

>>12217972
I half agree with this sentiment but at the same time if you look at almost all previous examples there was never a full recovery like this before. Most of the time you get a recovery and it meanders up and down and often goes even lower for a bit.

This feels like its just a repeat of past events. It would be super insane if suddenly the market goes full bull just like that.

[Anonymous No.12218156]

>>12218062
buying a week ago would have been fine. Right now we are no longer at the bottom. If you buy right now you are throwing 25% of your money in the garbage can. We are going to spend like an entire year on the bottom. You dont have to fomo or panic buy.

[Anonymous No.12218179]

>>12218156
Yeah this makes the most sense to me. Like imagine what it would be like if suddenly this shit just keeps going up and up.. That would be absolutely fucking insane and counter to any market movements in the past.

At that point it barely matters when you buy in, you will be rich as fuck anyway.

[Anonymous No.12218202]

>>12218156
Now this is how people SHOULD analyze this meme market.

[Anonymous No.12218219]

>>12217949
capitulation has already happened 5 times or so this bear market.

we are unironically at the bottom. Do you really think it can go lower after a 85% drop in 12 months? Maybe a little but not significantly so.

[Anonymous No.12218230]

>>12218219
It traded <$1k for YEARS dude. What makes you think this is the bottom? People could liquidate in a matter of days, especially big holders.

[Anonymous No.12218241]

>>12218149
I agree. I don't at all expect us to shoot back to 20k (or even 10k). No one can predict when/if the real bottom is in. If you're a long term believer in crypto/BTC then it's pretty retarded to try to time the bottom. Just DCA.

[Anonymous No.12218253]

>>12218179
it's a little irrational to believe the market must move in a traditional way, given how low liquidity and volume is. It could very easily randomly bull run to 10k now.

[Anonymous No.12218255]

>>12218219
You’re adorable

[Anonymous No.12218268]

>>12218230
They've had 12 months, why would they suddenly liquidate now? In fact they've had more like 24 months if you're talking about people who bought at sub 1k.

[Anonymous No.12218270]

>>12218089
no worries though. we're clearly in euphoria right now. dark wojaks will be flying in a couple weeks max.

[Anonymous No.12218299]

>>12218062
Sure is convenient to set the parameters of your meme lines to align with your message.

[Anonymous No.12218304]

>>12218253
>It could very easily randomly bull run to 10k now.

Yeah sure liquidity is there for this to happen but most people are not going to want to risk their money like that.

>>12218270
January and February has almost always been a dump to some kind of V bottom. This is consistent as hell outside of 2014 where it dumped in December but even then it still went a lot lower.

[Anonymous No.12218305]

>>12218102
20 and 200 period moving average on weekly candles

>>12218156
I got most of my fills below 3500. At the same time, looking back now, accumulating in any part of that 200-300 dollar range was an amazing price, why squabble over pennies now when most people buying today believe it will eventually surpass ATH?

For what it's worth i've been saying this for a while now, so it feels good to be proven right.

[Anonymous No.12218310]

>>12218179
you're referring to the fabled 'golden bull' which just happened less than a year ago. its not happening again for a few years if ever. still no real world adoption. no killer "dapps". crypto is still nothing but speculation and blatant market manipulation. all the normies got absolutely rekt in january so you can forget about them buying back in.

[Anonymous No.12218314]

>>12218299
I've been using the 20 and 200 weekly period MA's for years now. If you identified that the 20wk was strong support you could've bought literally every dip along the bull run and made a decision to cash out once that line was invalidated. Since breached it's been massive resistance.

[Anonymous No.12218330]

>>12218310
What do you class as real world adoption? Are various states and countries adopting Bitcoin as a means to pay tax not adoption? Is the influx of Bitcoin ATM machines around the world not adoption? Does the listing of BTC and other various coins by some of the largest stock exchanges in the world not count as adoption? Does the fact that the number of BTC transactions is at an all time high not count as an increase in adoption?

[Anonymous No.12218341]

[Anonymous No.12218363]

>>12218341

[Anonymous No.12218365]

>>12218305
based 200ma anon

[Anonymous No.12218368]

>>12218341
very impressive sir

[Anonymous No.12218370]

>>12218310
>still no real world adoption. no killer "dapps".

Uh wrong and wrong. You need to be keeping up on research on this shit if you intend to have any ability to not get rekt. RIght now social media and gaming is stepping in to be a major use case for crypto and there are already killer dapps in the works. Some of them are already functional and just need a little push before they gain traction.

Stop saying this no adoption bullshit. It is not impossible that we might just go right back into a parabolic movement within the next 6 months.

[Anonymous No.12218453]

>>12218370
>cope

[Anonymous No.12218472]

>>12218268
They already have, dude. The question is how many bag holders are gonna finally give up. Smart money left crypto in the dirt at the peak. Also lol at $800 being a “pump”. No, that’s called fomo. Someone post the chart.

[Anonymous No.12218491]

>>12218310
>Silk Road dead for years
>no adoption anywhere by anyone
>all upswings driven by economic recovery and speculation
>economy and stock slowing down now, with less liquidity and more cynicism than ever
>”bull run soon guys bears a shit!”

[Anonymous No.12218499]

>>12218219
I've heard this at least 5 times this year
>Lol bro it already dropped 30, 40, 50, 60, 70% you really think it can go lower?

[Anonymous No.12218540]

>>12218499
You must concede that either the price will go to zero, or at some point there will be a bottom. Bear markets are always constructed via a series of lower lows, but just because there have been a bunch of lower lows previously does not mean it will continue to zero.

[Anonymous No.12218541]

>>12218305
RSI?

[Anonymous No.12218563]

>>12218540
>At some point there will be a bottom?
Ok? No one is arguing against this. But to say the bottom must be at 4k is laughable. There's literally nothing stopping it from going back to 1k.

[Anonymous No.12218579]

>>12218563
Remember the ironclad support at the cost of mining? Or was it at the delisting cost of the imaginary etf? I ‘member

[Anonymous No.12218589]

>>12218563
Fair price is around 5.3k, though it's typical for the price of an asset to undershoot fair price in a bear market (just as it's likely for an asset to overshoot fair price in a bull market).

[Anonymous No.12218595]

The Establishment hate BITCOIN
https://youtu.be/y1DSVIVsNIY

[Anonymous No.12218603]

>>12218368
I'm sorry but I can rattle off a bunch of dapps. One of them is the new crypto based Patreon that Jordan is setting up.

You are the one in denial. And denial is a form of

C
O
P
E

Its to help you feel better for losing arguments on the internet.

[Anonymous No.12218643]

>>12218603
I think you meant to target someone else.

[Anonymous No.12218666]

>>12218643
>>12218453

>>12218643
>I think you meant to target someone else.

yeah wtf, I got the wrong person on that whoops. Now watch this no use case mongrel use that as his crutch.

> HAHA you targeted the wrong person thus dapps don't exist!

[Anonymous No.12218679]

>>12218305
>>12218341
>>12218363
>>12218156

These chart patterns will eventually cease because continuing the pattern would imply the price of a single bitcoin hitting ridiculous levels. This pattern will most likely not repeat again.

[Anonymous No.12218690]

>>12218679
>this time it's different!

[Anonymous No.12218700]

>>12218679

[Anonymous No.12218703]

>>12218666
Say what Satan?

[Anonymous No.12218720]

>>12218700
Wow what a fucking useless illustration
>oh youre doing a procedure on the eyesocket? Here's some tongue details

[Anonymous No.12218723]

>>12218679
>These chart patterns will eventually cease because continuing the pattern would imply the price of a single bitcoin hitting ridiculous levels.

BTC hitting a dollar each was pretty ridiculous honestly. The crux of this situation lays more on incentives.

Are there incentives to continue to push the value higher? Then the pattern will continue until those incentives are no longer there. Bitcoin is a value virus in that respect.

[Anonymous No.12218728]

Excuse me, is this the bear cope thread?

[Anonymous No.12218736]

>>12218589
Pulling value of 5.3k straight out of your ass

[Anonymous No.12218739]

>>12218720
Do you not know what a lobotomy is?

[Anonymous No.12218740]

>>12218370
Serious. Gambling apps alone would do it. Unstoppable fair gambling optimized towards addiction will eat the world

[Anonymous No.12218748]

>>12218736
It's based on common sense.

[Anonymous No.12218750]

>>12217916
https://www.youtube.com/watch?v=80YFtnTBApU

[Anonymous No.12218753]

>>12218739
Read the comment again, you dumbass

[Anonymous No.12218772]

>>12218179
NO. ENOUGH OF THIS BOOMER MENALITY. zoomer accelerationism is only allowed onwards. we'll move on without u dumb fucks.

[Anonymous No.12218784]

>>12218740
Yep, and they are already getting pretty insane. Now imagine when the gambling is fused with more predatory systems. Loot boxes in highly addicting games.

[Anonymous No.12218786]

>>12218062
>>12218156
>>12218305
>>12218341
>>12218363
based bitcoinwisdom poster

[Anonymous No.12218792]

>>12218772
Ok then it doesn't matter when I buy in. Ill be a millionaire by 2020 fuck it. Ill wait another month fuck it.

[Anonymous No.12218799]

>>12218753
It's a cross-section, they're not exactly going to leave stuff unlabelled.

[Anonymous No.12218813]

>>12218792
No no no, buy now or be priced out forever. The next five minutes are critical. It’s like you want to be poor.

[Anonymous No.12218852]

>>12218370
this is pure cope
>there are already killer dapps in the works
yeah and they have been since the start of 2017 and yet here we are almost 2 years later and still ZERO demand for "dapps"
>>12218603
name ONE that you actually use today and why it is better than a comparable centralized app.
>>12218740
yeah Funfair worked out great didn't it? late adopter cope central

[Anonymous No.12218855]

>>12218813
Dude if this shit goes up forever then nothing matters. Buy now or buy 3 months from now is just another shade of unlimited money.

[Anonymous No.12218887]

>>12218219
Ohhhh sweet child...

[Anonymous No.12218889]

>>12217916
BUY BUY BUY

[Anonymous No.12218900]

>>12218852
>yeah and they have been since the start of 2017 and yet here we are almost 2 years later and still ZERO demand for "dapps"

>Facebook instantly had billions of active users within the first year

> name ONE that you actually use today and why it is better than a comparable centralized app.

Dai
Novusphere
DTube
Steemit
EOSKnights
Bancor
Steem Monsters
Memo

I also cant wait for the crypto based patreon coming soon. I plan to use that as soon as it comes out! Its so important that we get a Patreon that is not trustless. Hey can anone else mention some games on LOOM? I know there are some cool card games on there.

Hows dat ass of yours? Is it butt hurt yet? Pretty sure its butt hurt. People in denial like this make me laugh hahahaha

[Anonymous No.12218947]

>>12218900
I have never used any of or even heard of all but one of those, but by all means please continue to devote all of your free time and mental energy to the pursuit of your dream.

[Anonymous No.12218979]

>>12218900
dai and steemit are the only two anyone actually uses, and dai is just a place to not be in crypto while you are still in crypto. Its not actually useful as a cryptocurrency itself. Even steemit is very niche.

[Anonymous No.12219002]

>>12218947
Oh, YOU haven't heard of it... please tell me... who the FUCK are YOU and why do you think so highly of yourself?

[Anonymous No.12219029]

>>12218679
I mean... $20k was a little bit too ridiculous for me, and I joined in when it was trading between $900-1200 for MONTHS.

I can't imagine how ridiculous $1000 was for the people who were in for dollars... and there were people back when it was pennies.

Just thinking if it matches gold's $8T marketcap (which I admit is pretty ridiculous), that's around $380k each (if computed from the max 21 million bitcoins).

Pic related.

[Anonymous No.12219032]

>>12219002
I’m the guy you’re losing your shit at on the internet.

[Anonymous No.12219047]

>>12219032
You're DAMN WELL RIGHT. Conduct yourself appropriately.

[Anonymous No.12219058]

>>12219029
That wont be for another 7 to 15 years.

[Anonymous No.12219093]

>>12218947
> I have never used any of or even heard of all but one of those

This is actually no bullshit a form of actual cope. Denial is Cope.

Read my post again. Now you know. Someone more informed on the topic informed you pleb. If you do not change you stance on the topic you are officially and undeniably in denial. And those are just the dapps I use. There are tons of other dapps that exist. Gambling is huge on the blockchain.

>>12218979
>dai and steemit are the only two anyone actually uses

> Myspace is the only social media page anyone actually uses. I never heard of twitter or Facebook before so its never going to gain traction.

>>12219002
Its a fucking 14 year old who is probably same fagging up the thread. HAHAHA

[Anonymous No.12219103]

>>12219093
You really do seem like you need some help. I’m sure there’s someone out there that you can talk this all out with. You’re not alone.

[Anonymous No.12219111]

>>12219058
True... if we follow the chart made here >>12218305

But then isn't there also the possibility of it doing a 2013-2014 run, where the bear market was shortlived and it did another parabolic run right after the previous one?

[Anonymous No.12219115]

>>12219103
I repeat. Who the FUCK do you think you are. Why should anyone take YOUR advice?

[Anonymous No.12219126]

>>12218979
>>12219093
What is Dai?
I'm usually on Steemit reading articles, and so these comments made me curious about Dai (if it's somewhere I can hangout like biz and steemit regarding crypto related things), but I can't turn up anything on Google except a coin.

[Anonymous No.12219152]

>>12219103
> You’re not alone.

Cool bro. I get to hang out with people using the technology while fags like you can suffer in denial on r/personalfinance . Say high to the nocoiners for us.

>>12219111
>But then isn't there also the possibility of it doing a 2013-2014 run, where the bear market was shortlived and it did another parabolic run right after the previous one?

If a dapp gains mass traction then we may very well see some kind of activity like that. Its a matter of time honestly. It will only take one game, one social media page. That's it.

[Anonymous No.12219167]

>>12219126
>What is Dai?

Dai is a really awesome stablecoin on ETH. Think of a version of SBD that is more dependable. Its also a token so its super easy to swap between ETH and Dai with no need for an exchange. So basically you can tether value of ETH any time you want in a few clicks with no KYC or any bullshit.

[Anonymous No.12219172]

It was oversold, look at NVT signal

It’ll go into an accumulation phase less than 6k more than 3k for the next year.

No fucker in the game will be buying above that and new money isn’t ready yet.

[Anonymous No.12219193]

>>12218900
I'll give you steemit. the rest of those are shitcoins that 99% of even the most deluded crypto bagholders have never heard of and would probably work much better as centralized apps. dai is a fucking stablecoin. the list you provided I will very generously say is worth $500M total. current crypto market cap is $140B. look out below late adopter newfag.

[Anonymous No.12219215]

>>12219193
>the list you provided I will very generously say is worth $500M total.

Bancor is ETH and EOS two of the
Memo is BCH

Also all of the dapps I mentioned part of either ETH or EOS. Thats 3 out of the top 5 fucking coins on coin marketcap HAHAHAHAHHAHAHAHAH AAAAAAAHAHAHAHAHAH

And you called me a new fag?? HAHAHAHAHAHA

[Anonymous No.12219267]

Damnit this thread got shit up. It just urks me to fucking see the "crypto has no use case" thing because its just BULLSHIT to a point of saying water isn't fucking wet. Its so obviously true that crypto has uses and its obviously superior to its centralized counterparts.

The next bull will very likely be related to dapps. Which scares me a bit because so many traders focus on BTC but ETH may fucking very well lead the next bull run and catch people off guard. We have to realize that just because BTC is still in a bear market at any moment a dapps coin may break free.

[Anonymous No.12219279]

>>12218230
Nobody except people on 4chan knew what bitcoin was or how to buy it when it was under $1000. The genie is out of the bottle now and there’s no going back.

[Anonymous No.12219327]

>>12217916
>all time low of $3200

[Anonymous No.12219346]

>>12219327
It is the all time low though for 2018.

[Anonymous No.12219365]

>>12219215
The value of ETH, EOS, etc is purely speculative since nobody actually uses them for anything but trading shitcoins. The value of the dapps you listed, which apparently are the most widely used, is practically nothing. Which means ETH EOS and BCH are massively overvalued. And yes, you are clearly a newfag that so badly wants "dapps" to be a thing even though that bubble already popped a year ago. Thousands of ICOs raised billions in dumb money and the best you have to show for it is fucking bancor. Sad

[Anonymous No.12219370]

>>12218230
look at the volume in a "dead" bear market. a new set of believers has bought in.

[Anonymous No.12219460]

>>12219370
the volume speaks more than just price and momentum is not there. the fud is not real but dont fomo unless it dips to some thing more affordable.

[Anonymous No.12219601]

>>12219126
dai is a stablecoin equal to one dollar. Unlike others like tether its not based on a bank, but an algorithm controlled by a DAO. The DAO controlling it is Maker.

[Anonymous No.12219754]

>>12219279
Yeah but they don't have biz, the best most nicest investing community on the world wide web.

[Anonymous No.12220082]

>>12219346

Then it's a 2018 low not all time low.
Did most people here not finish grade school?

[Anonymous No.12220346]

>>12219267
>obviously superior to its centralized counterparts.

It has super long transfer times on chain. The LN network isn't secure and realiable enough to be used for large transactions. BTC is kept alive solely for its speculative value.

[Anonymous No.12220388]

>>12219365
>The value of ETH, EOS, etc is purely speculative since nobody actually uses them for anything but trading shitcoins.

Hey this guy realized that the stock market is speculative. All of it! Hes learning! Google Facebook NVidia. It just clicked in his mind that the free market involves speculation! Everything is speculation!

Anyway, I knew this was going to get responses filled with denial cope. Problem is you can pretend to be right all you want. It wont make you right. If something has a use case that makes it obviously an improvement over legacy technology then its really irrelevant how many people have adopted it yet. I mean I know fags like you love your little reddits and facebooks but they wont stay on top forever no matter how much it hurts your feelings.

Oh btw, side note, Facebook is adopting crypto... So heh

Its ok to be wrong sometimes bro. Just take a deep breath. Let the butt hurt flow away.

[Anonymous No.12220391]

>>12220346
The LN isn't intended for large transactions though. Just do those onchain. Who in their right mind would care about a transaction fee between $0.1 and $50 (at the height of the bull run) when transferring value in the millions (or even hundreds of thousands).

[Anonymous No.12220445]

>>12220346
> It has super long transfer times on chain.

Its actually not as bad as I was expecting. Most ETH transactions take 30 seconds lately. I am surprised at how good it is even without proper scaling. EOS is instant, you can see for yourself.

This shit is actually really good. I mean most fags on here have no fucking idea what they are actually dealing with. Even BCH works pretty well overall. Steem is fast too and it just works exactly as they planned. Its even more interesting that steem is changing how its nodes work to increase decentrality.

[Anonymous No.12220449]

AMAGAWD BOBO NOOO Reeeeeeeeeeeee

[Anonymous No.12220463]

>>12220391
>The LN isn't intended for large transactions though.

Because the transaction can fail destroying your money...

[Anonymous No.12220494]

>>12220463
Sure, that's one of the reasons. It's great for microtransactions though.

[Anonymous No.12220539]

>>12220463
Brainlet

[Anonymous No.12221145]

>>12218947
>thinks Plato and Nietzsche belong anywhere near the other two retards.

[Anonymous No.12221163]

>>12217916
OP is right. This is a suckers rally.

[Anonymous No.12222313]

>>12218156
This is pretty good advice and info here.

[Anonymous No.12222360]

>>12218595
>keeping stickers on hats

[Anonymous No.12222520]

Bear Market Fiat Bottom will be over when it bounces from 50MA on weekly timeframe as was the case in last bear market 2015 Jan bottom. Currently, 50 MA is at at around 2500 and increasing. The more time it takes, higher 50MA can go. After that it will bounce up and down sideways for 6-12 months to find the crypto market bottom(not fiat bottom) from the mean.

[Anonymous No.12222550]

>>12219029
Its not gold dummy

[Anonymous No.12222582]

>>12217916
>all time low of about $3,200
Are you telling us, that the price has NEVER been lower? LOL

[Anonymous No.12222584]

>>12222520
Sorry, i meant monthly time frame for 50MA.
Also this current rally is because of the bounce from 200MA on weekly which is a very strong support.

[Anonymous No.12222599]

>>12222550
that's right. bitcoin is literally better at being gold than gold is.

[Anonymous No.12222647]

>people don't know about the 16k btc that will flood in February

[Anonymous No.12222721]

>>12218491
>Silkroad
You're fucking retarded if you think crypto drug marts don't exist anymore

[Anonymous No.12222817]

>>12220388
If everybody is pretending to be right how would anybody know who is right?