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/biz/ - Business & Finance


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17893461 No.17893461 [Reply] [Original]

>> No.17893947

yep, I'm thinking we're fucked

>> No.17893960

>>17893461
Do you really believe this pathetic chart?

>> No.17893985

>>17893960

like anyone wants useless shitcoins while people are hoarding toilet paper.

>> No.17894000

>>17893985
how do i long toilet coins

>> No.17894030

So disbelief will come by in 10 years or so, nice

>> No.17894089

>>17893960
It's the classic bubble chart. Happened many times and will happen many times still.
>>17894030
Ponzis don't go to that stage though. I can see the real bitcoin starting to be widely used in 10 years though.

>> No.17894102
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17894102

i've fucking thought a great depression tier crash was coming since 2016 but instead of developing a short position I bet on crypto.
And there probably won't even be a next time

>> No.17894108

>>17893461
Jesus Christ its identical

>> No.17894119

We just need to cool off for the next rally.

>> No.17894139

>>17894102
you did good anon, thinking 20 steps ahead is key, don't fucking sell shit

>> No.17894144

>>17894102
Yea, and we witness how good of a hedge crypto is agaisnt a financial crisis.

>> No.17894179
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17894179

>>17894089
> I can see the real bitcoin starting to be widely used in 10 years though.
You could have kept this ruse going for longer, but you had to blow your load so soon. Pathetic.

>> No.17894198
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17894198

>>17893461

>> No.17894253

>>17893960
you realize that chart is the NASDAQ 2000's dot com bubble

>> No.17894258

>>17894179
What do you mean? This is common knowledge.

>> No.17894324

>>17894179
rollin

>> No.17894335

>>17893461
This is why averaging your investments long-term is always a win-win.

>> No.17894417

>>17894335
If something goes up a lot then go back to 0 like a ponzi; it's a zero-sum game. How does averaging your investment helps in that scenario?

>> No.17894644
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17894644

BTC just closed it's 4th day in a row bellow the 200 weekly MA
this shit is turning into resistance

>> No.17894719

Although I agree, does it matter that one is log and the other linear?

>> No.17894761

>>17894719
true. you can't compare shape between log and linear

>> No.17894818

>>17894719
>>17894761
Incorrect. Markets are like fractals. This implies you can use the chart in any time-frame and any scale.

>> No.17894845

>>17894818
you can compare log to log and linear to linear but not log to linear because the market bubble chart wouldn't look like itself if you compared it log to linear

>> No.17895235

>>17894845
either way, it doesn't say on the wallstreet cheat sheet if it's a log or a linear chart.

>> No.17895281
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17895281

>>17895235
it's linear

>> No.17895306
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17895306

I fucking knew we were in complacency but my greed got the best of me

>> No.17895397
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17895397

>>17895281
not a proof. and it doesn't matter. The wallstreet cheatsheet isn't specific because that would be dump. It's not about the scale, it's about the psychology.
>>17895306
You're not alone

>> No.17895635

>>17894144
A highly volatile risky asset like Bitcoin is going to crash the hardest because people will want to use the money that is ACCEPTED FOR GOODS AND SERVICES. Bitcoin can't buy you groceries and it can't pay your bills. Bitcoin is fucked and it can't handle millions of transactions at a time. Get the fuck over it. The mechanics of Bitcoin are at best, very unique and good. It just won't escape being hit by a recession or a depression.

>> No.17895839
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17895839

>>17895397
it proves you can't compare the shape of a log to a linear.
the cheat sheet is from the stock market it's linear

>> No.17895901

>>17893461
If this is true this means Btc will dump to $1.00 and all alts would prettymuch be decimated.

Don’t doubt we are in a bubble but I don’t think it’s going to drop to what Btc started at like 10 years ago. Maybe $500-$1500

>> No.17895928

>>17894179
Roll

>> No.17895935

whydoes it look like the chART

>> No.17895999

>>17895901
his chart suggests btc to $300

>> No.17896079

>>17895839
It's about the psychology. Shouldn't compare crypto with stocks. shouldnt compare linear and non-linear. ----> it doesn't matter that's. Those are irrelevant details
>>17895999
CHECKED!! I didn't have a specific target, but those digits, wew. Now that's a nice contribution
>>17895935
It doesn't. It will in a couple months though

>> No.17896174

>>17896079
The fact that you keep shoving the log vs linear argument under the rug means you're just fear mongering. Pass

>> No.17896352
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17896352

>>17896174
The fact that retards keep on arguing with me over the fact that a fucking FICTIONAL chart is linear is embarrassingly bearish.
This comparison is not what will make Bitcoin continue a bear market, fundamentals will. Trust me, it doesn't need my help.

>> No.17896372

>>17896079
>It's about the psychology. Shouldn't compare crypto with stocks. shouldnt compare linear and non-linear. ----> it doesn't matter that's. Those are irrelevant details
sounds like you stopped doing maths in high school

btc is going to zero in any case

>> No.17896503
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17896503

>>17896372
>btc is going to zero in any case
well at least we can agree on one thing

top of my class at uni in maths/cs

>> No.17896541
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17896541

>>17896503
>top of my class at uni in maths/cs
>cs
>doesn't know pic related
doubt

>> No.17896994
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17896994

>>17896541
thanks to >>17894253 I made this up. (was wrong thinking it was a fictional chart)
The wallstreet cheatsheet is indeed linear. I give you that. But it doesn't change the story that much, which is what matters in this context.
Considering crypto is way more volatile than stocks, we have a better representation of the crypto bubble via the log chart. I think the comparison is good.

>> No.17897020

>>17896994
sry log is on the right. will rename it.