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/biz/ - Business & Finance

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25201776 No.25201776 [Reply] [Original]

What is driving this bullrun? It doesn't look like it's going to crash any time soon either.

>> No.25201787
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25201787

>> No.25201835

>>25201776
The Great Reset is driving the bullrun. Hyperinflation is devaluing Fiat currency and everyone knows it. This is the decade of crypto and it began December 9th 2019 when the 'Virus' was released.

>> No.25201894

>>25201776
Its China vs the dollar.
Hillary would have sank the economy. You can figure out the rest

>> No.25201903

As someone who was there for 2017....I have no idea wtf is going on. Global conditions are so much different now.

>> No.25201937

>>25201903
Are you that dumb?

>> No.25201977

>>25201937
mind explaining to a brainlet?

>> No.25201980

Put a couple grand in btc. As a goldbug these
fast gains are scaring me. want to pull profits
but if know if i do it will be regret.

>> No.25201993

>>25201776
Investment funds adding bitcoin to their portfolio.

>> No.25202001

$600 bruh, fucking full leverage long, lesssssssgo

>> No.25202016

whale manipulation just like last time

>> No.25202046

>>25201776
banks. schiff was right.

>> No.25202097

>>25201776
Probably a group of institutions accumulating without making a squeak.
We knew paypal/greyscale and square were buying up all OTC btc so buying it from us is the only other way for them.

>> No.25202227

>>25202097
Nvm that data of OTC buy pressure was wrong, grayscale alone are buying 13 times the daily supply of BTC by miners
https://dailyhodl.com/2020/12/24/crypto-giant-grayscale-buys-12320-bitcoin-in-one-day-13x-rate-of-new-daily-supply-entering-market/

>> No.25202262
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25202262

The perfect storm.

>> No.25202344

>>25201977
In 2017 most people knew BTC was getting high but they also had in mind the profitability of all the cryptocurrency. Many become enticed by the idea of being able to mine crypto with their home computers and make a nice saving out of it. With that idea in mind 2017 reached ATH and oldfags sold when the first batch started panic selling.

In 2017 there was nothing other than the deal war with china and so by 2018 the normalfags saw how hard and unprofitable mining was as a side gig and seeing the bank run dip, gave up on everything related to crypto. They were never in it for the value, just the quick buck. And normal fags bought the dip and shit kept happening. By march of this year, the smart niggers that saw what was happening in china in january sold what they had expecting SHTF. But governments have been doing their job fairly well and containing the apes. Whatever everyone expected to happen in april and may has been padded into oblivion thanks to imaginary money, and even so the apes are still getting restless.

Welcome to today. Whoever has money wants to get precious metals and digital currency. Most importantly the financial sector as a whole since they're the biggest player around expecting to always turn a profit. And so those guys are slowly buying and staking their profits in cryptocurrency thanks to fiat devaluation, might as well not keep all the eggs in the bullion basket now that there's a new bullion around.

And so dear anon, those guys will dump half of their wallets for fiat before april of 21 and hope that everything will turn out fine. Except it won't and just like in march we're going to get all the dips being bought fairly quickly