Can we have a real talk for a minute?

[Anonymous No.23537822]

why all this hype for an incoming bullrun? BTC has yet to reach the last lower high, and it seems to have plateaud around 13k. Let's also suppose an incoming market crash due to hoaxflu and whatever.

I see a lot of you saying "no its decoupled", well, indices lost around 3% today and BTC went from 13.2 to 12.8 at the lowest, which is a -3.25%

Also if we look at the data from March, they moved together for about a -20% from 20 Feb to 12 March, where a single -10% day on stocks crumbled bitcoin by 40%.

Yet all of you are so hyped as fuck. Why? Are you just deluded or is there something I'm missing? PayPal? please

[Anonymous No.23537897]

>>23537822
Bait post but I'll bite. Because it broke and then recently confirmed a breakout of the symmetrical triangle it's been in for 3 years. It's like watching a freight train coming from miles away, anyone who's been in a previous bull run knows what happens next.

[Anonymous No.23537977]

>>23537897
And honestly you think there's gonna be enough money flowing in to trigger a bullrun in 2020 while the world is going through a pandemic and economic crisis?

Don't feed me the institutions are investing bullshit, because there's no way in hell institutions are being this dumb to buy it at a multiyear resistence AND yearly high. The highest reported investment from institutions is a little bit under 40k BTC.

So again, a breakout which hasn't even tested a lower high on a symmetrical triangle is what is leading this board to believe in 50k BTC by December?

[Anonymous No.23537995]

>>23537977
Disclaimer: I do hold bitcoin and believe in the longterm bullish potential but we're talking 5/10 years here. Just can't see the hype right now,

[Anonymous No.23538361]

>>23537897
>past performance = future results
LN is still shit 3 years after the last bullrun
the network would literally break

[Anonymous No.23538402]

>>23537822
Because despite the shitcoin larpers on here telling you otherwise, Stock-to-Flow actually works and is a valid model for Bitcoin due to its mathematical nature. Only the brightest anons who usually have a background in tech or science grasp this .

[Anonymous No.23538414]

>>23537822
I'm not a TA guy. But I posted this from another thread, but there's a lot happening. A lot of people are undervaluing the seeming fact that we are moving to CBDC's, that logically makes Bitcoin the de facto global store of value.

>Burrito index (7% inflation) moving to TWICE THAT(!) with Fed shenanigans
>You have people sitting at home all day putting 2 and 2 together.
>Bitcoin has finally shrugged off its past slander and is being finally accepted for the genius that it is.
>JPMorgan (the biggest US bank) FLIPS from calling BTC a "fraud" to "considerable upside".
>Square invests 50m.
>Billionaire (genius) Michael Saylor invests 500m.
>Fidelity opens Bitcoin fund (you'll be able to invest with your bank/institutions)
>Paypal
>Paul Tudor Jones "even more bullish"
>Jerome fucking Powell talks to the IMF about ongoing developments on CBDC's. IMF bullish. China already has them in the wild. Other countries implementing them.
>"Ask a millenial how much gold they have - none, now ask them how much crypto they have - they won't tell you. Because they're embarrassed by how much they have."
>Boomer to Millenial wealth transfer will be the most gigantic in history, and Millenials today only own 5% of the wealth

[Anonymous No.23538461]

>>23537977
>Don't feed me the institutions are investing bullshit, because there's no way in hell institutions are being this dumb to buy it at a multiyear resistence AND yearly high.
no anon, they buy when the breakout has been confirmed. which it has. do you really think they are going to risk that much money if they weren't sure of the outcome. come on man use your head

[Anonymous No.23538466]

>>23537822
BTC saw a 2000%+ increase in 2017, replicate that from todays price and it is 300k. Getting to 10 trillion mcap puts BTC at 500k to compete with gold. Not impossible at all.

[Anonymous No.23538514]

>>23538466
What people are taking for granted as well is, it's better than gold, it should outpace gold without question. I see it @ 1m+. No reason for it not to be considering it's a perfect store of value. Things will forever become more digital, not less. ETH and other very interesting crypto's will come along, but first mover/network effect can't be slain. And the more you look into it, the more you fall for it, and you have a huge majority of the population that don't know anything about it.

[Anonymous No.23538529]

>>23537822
>I can't think for myself and need people on /biz/ to deal with my cope

[Anonymous No.23538555]

>>23537822
the market drops by 2% and the biz catalog turns pink, what do you expect?

[Anonymous No.23539542]

>>23537822
It's the best performing asset class of the year
people are greedy thats why they buy bitcoin
im sorry youre not smarter than the market