How did we hit the top so much faster this time around?

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Anonymous Mon Nov 16 20:31:30 2020 No.23981594 [Reply] [Original]

How did we hit the top so much faster this time around?

>>	Anonymous Mon Nov 16 20:33:12 2020 No.23981640 >>23981594 Honestly I think it will take longer this time around.

>>	Anonymous Mon Nov 16 20:50:29 2020 No.23982009 >>23981594 Very greedy market. Crypto is the only liquid assets during this recession go figure

>>	Anonymous Mon Nov 16 20:51:45 2020 No.23982032 >>23981594 >this close to ath >top i'm sure it will push past 20k easily this year still i'm not buying back

Anonymous Mon Nov 16 20:54:09 2020 No.23982079
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>>23981594

I don't really understand it either. Tether printed close to half a billion dollars over the weekend and bought bitcoin with almost all of it. It's obvious that we are looking at the deepest tulip crash in history, and soon. I wonder how long it will take people to wake up.

>>	Anonymous Mon Nov 16 20:55:14 2020 No.23982110 >>23981594 This is like 2016 and isn't the top. Learn how Bitcoin cycles work newfag.

>>	Anonymous Mon Nov 16 20:56:49 2020 No.23982142 >>23981594 Retards like you sold the top in December 2016.

>>	Anonymous Mon Nov 16 21:00:59 2020 No.23982232 >>23982110 Yeah, imagine someone willing to pay 100k+ for a digital coin. Do you really think there is demand at those prices?

>>	Anonymous Mon Nov 16 21:02:17 2020 No.23982269 >>23982232 YFI broke 30k. To quote another anon, tokens have no top because fiat has no bottom.

>>	Anonymous Mon Nov 16 21:02:45 2020 No.23982286 >>23982110 >>23982142 You're basically the crowd. suck ass you moony retards hoping you dump all your btc at 500k$ lol

>>	Anonymous Mon Nov 16 21:05:35 2020 No.23982362 >>23982269 Are you really comparing worthless governance token to Global currency?

>>	Anonymous Mon Nov 16 21:05:44 2020 No.23982366 File: 27 KB, 474x474, 5efee3280680777908e37192f11e180c--mata-clay-art.jpg [View same] [iqdb] [saucenao] [google] >>23982286 Are you actually insane? Why would anyone sell bitcoin for fiat? Ever?

>>	Anonymous Mon Nov 16 21:06:49 2020 No.23982398 >>23982362 Yes, as a counterexample. Some random rugpull shitcoin made Apple stock look like a fucking joke.

>>	Anonymous Mon Nov 16 21:06:53 2020 No.23982402 >>23982079 Selling pressure is huge. Just compare USDT cap to btc pump. If USDT stopped printing for a month btc would easily reach that 3-4k level. cap increased by 6 billion and price barely pumped 60% since

>>	Anonymous Mon Nov 16 21:08:26 2020 No.23982444 >>23982398 elaborat...

>>	Anonymous Mon Nov 16 21:09:45 2020 No.23982479 >>23982362 Global currency is worse than governance tokens lol

>>	Anonymous Mon Nov 16 21:09:55 2020 No.23982483 >>23982402 USDT isn't used to buy btc

>>	Anonymous Mon Nov 16 21:10:27 2020 No.23982495 >>23982479 elaborate.

>>	Anonymous Mon Nov 16 21:11:05 2020 No.23982508 >>23982444 Nah I keep getting mixed up whether I'm larping FUD or FOMO here. No point in pretending to defend a position. The turtles are sick tho and you should check 'em >>23982366

>>	Anonymous Mon Nov 16 21:12:24 2020 No.23982545 >>23982495 >hello citizens use these tokens to pay ur taxes and to trade with each other while we have full control over their supply Vs >buy these digital tokens for a vote in how our protocol/company is run

>>	Anonymous Mon Nov 16 21:13:50 2020 No.23982582 >>23982483 Explain...

>>	Anonymous Mon Nov 16 21:13:56 2020 No.23982586 >>23982545 Consequence of not following their instructions: >jail or starvation Vs >nothing

>>	Anonymous Mon Nov 16 21:15:31 2020 No.23982621 >>23982545 Good point, 40k$ for irrelevant coin so you can vote on specific project and bring nothing to it. #WORTH

>>	Anonymous Mon Nov 16 21:18:04 2020 No.23982677 >>23981640 >>23982110 we've clearly already topped. normies are talking about longing on twitter; for god's sake, the ugly girl from game of thrones is running polls about it with tens of thousands of votes

>>	Anonymous Mon Nov 16 21:18:08 2020 No.23982678 >>23982483 Its exactly what its used for.

Anonymous Mon Nov 16 21:18:15 2020 No.23982681
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>>23982402
> Grayscale bought almost $1 BILLION in Bitcoin over just the last month
> Square reported in earnings that they sold $1.63 BILLION in Bitcoin in Q3
And this RETARD THINKS this is a TETHER PUMP?!!

>>	Anonymous Mon Nov 16 21:20:00 2020 No.23982724 >>23982677 Gemini brothers already started calling 300k$ per btc, people who know nothing about bitcoin are shilling crypto lol

>>	Anonymous Mon Nov 16 21:21:03 2020 No.23982748 >>23982724 jesus, it's over

>>	Anonymous Mon Nov 16 21:24:07 2020 No.23982807 >>23982681 You realize those institutions are buying btc OTC and have no effect on market and assets price. Grayscale was -70% after 2018 plummet. Tether is playing on an open market with more capital then there is liquidity. Who's the retard now?

>>	Anonymous Mon Nov 16 21:26:12 2020 No.23982856 >>23982681 You must be delusional to think these pumps are organic when there is no public interest

>>	Anonymous Mon Nov 16 21:27:56 2020 No.23982896 >>23982681 Greyscale cucked investors and collected over 1k% premium on it. again OTC has no effect on price or market. retard.

>>	Anonymous Mon Nov 16 21:28:50 2020 No.23982921 File: 13 KB, 264x320, dohoho.jpg [View same] [iqdb] [saucenao] [google] >>23982807 >he thinks the open market is the primary source of liquidity

>>	Anonymous Mon Nov 16 21:31:31 2020 No.23982983 >>23982921 Isnt it? Enlighten me

>>	Anonymous Mon Nov 16 21:37:55 2020 No.23983133 >>23982921 Liquidity spoofers caused dumps on stock exchange lel

Anonymous Mon Nov 16 21:40:38 2020 No.23983188
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>>23982807
Grayscale sources OTC over multiple markets including miners to get that supply they need. What do you think happens to to the price when that much BTC gets locked up never to touch the exchange market again building sell pressure? Besides Grayscale Fidelity Digital Assets is also live now sourcing from multiple markets - an institutional custodian with $3.3 TRILLION in AUM which makes Grayscale small fish. They are private and god only knows how much they are starting to buy up. Add to that Microstrategy itself bought up $425 Million and one BILLIONAIRE investor after another including Stanley Druckenmiller, Paul Tudor Joner, Bill Miller, etc coming out and saying they are now holding Bitcoin ..............and you think it's fucking TETHER?!! You've gone full retard.

>>	Anonymous Mon Nov 16 21:43:11 2020 No.23983246 >>23983133 sure

>>	Anonymous Mon Nov 16 21:43:30 2020 No.23983250 File: 36 KB, 657x527, 2BA67F51-DE65-421C-99A9-41E2A5AA563E.jpg [View same] [iqdb] [saucenao] [google] >>23983188 Checked, Based, and Redpilled.

Anonymous Mon Nov 16 21:45:52 2020 No.23983300

>>23983188
I might be a retard, but I cant dispute the facts. Institutions buying into bitcoin doesn't mean shit, grayscale was down 80% at one point. You can name billions trillions and quadrillions, when its 0.5% of holdings of a tech company its pretty irrelevant and isnt more than a gamble. Tether clearly pumped the price and you must be mental not to realize

>>	Anonymous Mon Nov 16 21:47:11 2020 No.23983327 >>23983246 Then it means you have no idea what youre talking about, people went to prison for that and you can hear an echo till now.

>>	Anonymous Mon Nov 16 21:50:12 2020 No.23983379 >>23983188 Are those the same billionaires that bought btc at 20k, shilled it and ended up at 80% loss? Youre fucking retarded. They're selling their btc at 1k% premium to an average Joe after they promised btc is gonna hit 10m$ in mid 2021

Anonymous Mon Nov 16 21:54:25 2020 No.23983465

>>23983300
Oh no no no no anon no.
You're not paying enough attention. This is like getting into Apple pre-IPO. You're frontrunning the future store of value asset, name another time where this has happened? Do you really think that the story of Bitcoin just kind of fizzles out from here and gold maintains its dominance? Gold was used as a store of value. Bitcoin is store of value defined. You can't program gold. You can't send gold to someone for $5 at 9pm on a Sunday. You can't carry gold with you. Bitcoin doesn't have the gold mining leaches that inflate the price year over year.

>Institutions buying into bitcoin doesn't mean shit

It means everything. Retail can't move the price at all (and you don't want them in because they are highly fickle volatile fuckers), they have no purchasing power relative to hedge funds and institutions. If you want Bitcoin at trillions, you need institutions. They are just now starting to pile in.

>Tether clearly pumped the price and you must be mental not to realize
I don't even know what to say to this. What's happening in the world is what's pumping the price

Anonymous Mon Nov 16 22:05:12 2020 No.23983682

>>23983188
>>23983300
There is no point arguing with people suffering from bear market PTSD who fear another rug pull although I think we'll have a 20% correction sometime in the next couple months. 9 billion tether was printed in the bear market and it didn't help BTC. Suddenly tether is what is pumping BTC? I think tether is mostly used to flee to safety from shitcoins and go back and forth. Bear market PTSD is going to make anons miss the greatest investment opportunity of a lifetime

>>	Anonymous Mon Nov 16 22:10:52 2020 No.23983788 >>23983682 Well struck

Anonymous Mon Nov 16 22:21:01 2020 No.23983990
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bobo, I'll just let you know that I have 10k USD waiting to be dumped if BTC ever drops below 16k. And if it stabilizes at 17k, I'll dump it there.

God help me if it ever dumps below 15k, because I will mortgage my house to dump as much USD into Bitcoin as I possibly can.

check em.

>>	Anonymous Mon Nov 16 22:23:14 2020 No.23984027 >>23982748 Did you guys actually think you were early LOL

>>	Anonymous Mon Nov 16 22:23:59 2020 No.23984038 >>23981594 the run doesnt even BEGIN until the prior ATH is taken out lmao this is late 2016 right now.

Anonymous Mon Nov 16 22:24:35 2020 No.23984048
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>>23983990
>God help me if it ever dumps below 15k, because I will mortgage my house to dump as much USD into Bitcoin as I possibly can.
I fucking mean it by the way. I would be euphoric if it somehow sumps below 15k, I would absolutely fill my bag to the brim.

Get that in your head, and short. Short, I dare you.

>>	Anonymous Mon Nov 16 22:25:00 2020 No.23984052 >>23982232 odd, I heard variants of this exact argument except at $100, $1000 and $10000 but this time is different, right? COPE

Anonymous Mon Nov 16 22:31:04 2020 No.23984174

>>23984048
If Bitcoin pumps to 100k soon, which it obviously will just based on simple supply demand economics, then who gives a fuck getting it 10% or even 50% cheaper. Just buy and you've made it. Over time it will displace gold and blow it the fuck away. It's like you're whining about buying Google pre-IPO at $18 rather than $17. Forest for the trees.

>>	Anonymous Mon Nov 16 22:38:48 2020 No.23984315 >>23983300 enjoy coping with loss at 150k btc next year or two

>>	Anonymous Mon Nov 16 22:44:20 2020 No.23984407 >>23982079 We're at the beginning. 100k is the top.

>>	Anonymous Mon Nov 16 22:44:44 2020 No.23984416 Because we're not in that kind of bullrun. This is just a local top.

>>	Anonymous Mon Nov 16 22:52:26 2020 No.23984542 >>23984174 I know >>23983990 >And if it stabilizes at 17k, I'll dump it there.

>>	Anonymous Mon Nov 16 22:56:00 2020 No.23984597 >>23984542 I'm in your position. I'm thinking of just dumping everything into btc now.

Anonymous Mon Nov 16 23:02:39 2020 No.23984703

>>23982110
This is almost a carbon copy of 2017. Btc is never going to hit $100k or whatever you're thinking of. There's only so much money people can potentially throw into this.
Last bullrun increased the fraction of crypto holders from ~1% of society to >10%.

>>	Anonymous Mon Nov 16 23:06:28 2020 No.23984758 https://hackernoon.com/14percent-of-americans-own-crypto-only-12percent-own-gold-xs4v46cj Imagine thinking buying now is being early lmao.

>>	Anonymous Mon Nov 16 23:08:05 2020 No.23984770 >>23984703 > ~1% of society to >10%. Wrong. 2017 increased it from sub .05% to 4%, and we are back down to 1% of the population having active wallets in the USA.

>>	Anonymous Mon Nov 16 23:23:20 2020 No.23984982 >>23984758 >14% of americans own crypto >12% invest in gold yeah i dont believe this for some strange reason

>>	Anonymous Mon Nov 16 23:28:26 2020 No.23985057 >>23984703 >What is inflation

Anonymous Mon Nov 16 23:29:55 2020 No.23985079

>>23984770
Sub 0.05% is 164k people, it was sub 0.05% before Q4 2013. Then the bubble increased that to >1%. 2017 to >10%.
>1% of the population having active wallets in the USA.
Most people hold on exchanges or on things like robinhood and now paypal, they are never going to have active wallets.

I provided a link that proves my >10% claim while you pulled that number out of nowhere.

Anonymous Mon Nov 16 23:42:33 2020 No.23985258

>>23984703
Google trend metrics show no increased retail interest. Retail interest is the most volatile. Also shows disproportionate large buys. Fidelity, Square, PTJ, Michael Saylor, Druckenmeiller, Greyscale, ETF's coming next year, this is institutional wealth we know of. You don't want retail and they have NO money anyways. I'm surprised you don't know this because it's very basic and you should.

Based on supply vs demand alone, along with ludicrous asset inflation Bitcoin will see 100k. You've lost your damn mind.

>>	Anonymous Mon Nov 16 23:50:54 2020 No.23985390 >>23985079 >Most people hold on exchanges or on things like robinhood and now paypal, they are never going to have active wallets. https://www.blockchaincenter.net/bitcoin-supply/

>>	Anonymous Mon Nov 16 23:52:50 2020 No.23985417 >>23985079 >I provided a link that proves my >10% claim Where?

Anonymous Mon Nov 16 23:57:56 2020 No.23985488

>>23984758
So in 11 years more people own it than gold, yet it has 1/33rd the market cap and you think that makes anyone today not early? I'm not so sure that makes sense, especially when Bitcoin will surpass gold as it's infinitely superior in all ways and ways we haven't yet programmed in.

Anonymous Tue Nov 17 00:00:41 2020 No.23985529

>>23985488
BTW who do you think holds the majority of that crypto? Your auntie? Millenials only hold 5% of the wealth. The wealth transfer from boomers to Millenials will be the most profound in human history.

This is basic arithmetic. The asymmetric upside with Bitcoin is unprecedented and frankly absurd. Don't mind a few non-believers to keep the prices somewhat reasonable. Anyways good luck.

>>	Anonymous Tue Nov 17 00:06:07 2020 No.23985622 File: 40 KB, 482x427, 1581726210497.jpg [View same] [iqdb] [saucenao] [google] >>23984027

Anonymous Tue Nov 17 00:20:10 2020 No.23985778
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>>23985079
>>23985390
>55,000,000 bitcoin wallets
>20% of global population lives in the 1st world
>1.4bn people
>3.92% of 1st world nation population own bitcoin
>0.78% global population

>>	Anonymous Tue Nov 17 00:21:34 2020 No.23985791 What's the thing about normies buying in? Is it because they will bail at the first sign of volatility? Does Paypal, institutional investors and much more adoption change things?

Anonymous Tue Nov 17 00:33:20 2020 No.23985966

>>23985791

Institutional supports put supports at higher level. We probably won't see dips below 10k for example as that's where Microstrategy and other big investors bought and they fully knew about Bitcoin's volatility and bought for the long run. They wouldn't sell just because it dipped below that.
But every dollar that comes with normies is potentially taken out immediately again. The big investors are all that matter

>>	Anonymous Tue Nov 17 00:38:12 2020 No.23986042 Makes sense - thanks

>>	Anonymous Tue Nov 17 00:57:32 2020 No.23986314 >>23982677 we're pretty far off from the hype we saw in 2017-18. check google trends

>>	Anonymous Tue Nov 17 01:00:51 2020 No.23986353 >>23985778 Lol >>23985079 Absolute moron full of shit

>>	Anonymous Tue Nov 17 01:13:17 2020 No.23986493 This time its different. Bigg Dogg's body as found down by the docks last week, wrapped in an old carpet. Something strange is afoot...

>>	Anonymous Tue Nov 17 01:14:04 2020 No.23986500 File: 90 KB, 1024x554, 1601920634597.jpg [View same] [iqdb] [saucenao] [google] >Sav3 >0x6e10aacb89a28d6fa0fe68790777fec7e7f01890 >https://uniswap.exchange/swap/0x6e10aacb89a28d6fa0fe68790777fec7e7f01890

Anonymous Tue Nov 17 01:33:23 2020 No.23986751
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>>23986353
>4.58% of 1st world nation pop excl. Seniors over 65s
>6.043% excluding under 15s too
>another 3% of the total 1st world nation pop aren't classed as having a living standard of a 1st nation person.
>6.33%
>an estimated 30% of americans live paycheck to paycheck. Lets include the 3% non 1st world living standard folk in the calculation, and give some leeway, say 5% as most non burgers arent retarded. 22%
>9.13% of people who can own bitcoin do own bitcoin
>early adopters phase is up to 13.5%
Were about to cross the chasm into mainstream.

>>	Anonymous Tue Nov 17 01:35:25 2020 No.23986775 Will GBTC actually run up 10x if BTC goes to 150k? I cant convince my parents to invest unless they buy with their boomer stock platforms

Anonymous Tue Nov 17 02:09:53 2020 No.23987123
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>>23983682
how to cure bear market PTSD?
I have it really bad and some my only btc at 15,800 and now legit having panic attacks that it'll moon while I'm in cash, or if I rebuy that it'll dump

>>	Anonymous Tue Nov 17 02:36:27 2020 No.23987369 >>23981594 Stonks have topped out robinhooders incoming

>>	Anonymous Tue Nov 17 02:38:34 2020 No.23987392 File: 2.38 MB, 480x366, 213123123.gif [View same] [iqdb] [saucenao] [google] >>23982681

>>	Anonymous Tue Nov 17 02:51:09 2020 No.23987502 >>23987123 Stop being autistic about whole/even numbers of crypto. You just trade momentum: win some, lose some. Try to figure out where you fucked up when you lose a trade, but don't be hard on yourself. Detach, life is a game.

>>	Anonymous Tue Nov 17 03:18:10 2020 No.23987821 https://twitter.com/Maisie_Williams/status/1328428879334297600 This is the end

>>	Anonymous Tue Nov 17 03:23:08 2020 No.23987900 >>23981594 As this board is not in a full moon hype with the main page full of green pepe and other green shit, we are not even close to the top. We are just starting.

>>	Anonymous Tue Nov 17 03:23:27 2020 No.23987907 >>23982677 CNBC isn't even talking about it. We're only getting started.

>>	Anonymous Tue Nov 17 03:58:09 2020 No.23988333 File: 33 KB, 657x527, 1605410402674.jpg [View same] [iqdb] [saucenao] [google] this thread is proof that we are nowhere close to the top this time all the deluded bobocucks make me so fucking bullish most of you are giganewfags

>>	Anonymous Tue Nov 17 04:01:41 2020 No.23988375 >>23981594 Seeing XLM there is just sad. It's dead Jim.

>>	Anonymous Tue Nov 17 05:20:50 2020 No.23989261 >>23982079 nigger, changs are buying tether OTC because of the capital flight

>>	Anonymous Tue Nov 17 05:28:05 2020 No.23989325 >>23982807 >OTC has not effect on the market and assets price anon, I

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