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/biz/ - Business & Finance

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25829108 No.25829108 [Reply] [Original]

Newfag here. Usually just a fit/lit lad who likes to watch meltdowns on /pol/ every once in a while. I trade stocks a lot and checked out biz to see if there was a level of autism that could help me out. Everyone here is TWEAKING about the BTC and Altcoin drop and acting like its the end of then forever. Is biz really this retarded?

>> No.25829354

>newfag

Do you realize that the only thing keeping BTC growing is its current growth? Every BTC movement is amplified, unlike regular stocks.

People only buy BTC thinking someone else will buy it from them for more and don't care about fundamentals, it's purely speculation. If BTC sheds 11k in 48 hrs, do you think normies (the bag holders) are going to enter? And the normies who are in right now are going to start to sell. This is a positive feedback loop that will make BTC fall harder.

>> No.25829409

>>25829354
You just described every financial asset ever.

>> No.25829450

>>25829108
Biggest overnight drop since March 2020. Its been a while since something this dramatic happened. Also with new ATH there are many newfags and many oldfags larping as newfags. Its usually not like this at all.

>> No.25829458

>>25829354
sounds like a big ponzi

>> No.25829493

>>25829458
yes this whole thing is musical chairs and we're just waiting for the music to stop

>> No.25829628

>>25829108
hi mate, we're trying to fud here, please go back to larping on fit/lit, this is above us and I don't want to explain everything

>> No.25829632

>>25829354
That’s how any stock works.... i’m fine with newfags tweaking out and selling, I don’t want a bunch of goons with a robinhood account throwing their inflated stimulus money into it if they’re not serious. You cannot deny BTC and altcoins will be colossal by 2025. But I expected a consensus on /biz/ that wasn’t “omggg like sell, it so scary and will not exist in a year, its over bros”

>> No.25829639

>>25829409
But other assets are pumped by the FED. The FED keeps setting price floors, so they can really go up forever because the US government will just buy it from them.

BTC doesn't have this.

>> No.25829725

>>25829493
That's why we have the fed newfag. Watch some propaganda to get up to speed with the rest of us, okay?

>> No.25829856

>>25829632
>altcoins will be colossal
Yes, they have use cases and actually solve problems.

>BTC will be colossal
No, BTC is a piece of shit coin.

>> No.25829922

>>25829628
>we’re trying to FUD
>this is above us, I can’t explain everything

You just did...

>> No.25829940

>>25829639
It has Tether lmao.

>> No.25829975

>>25829108
everyone is LARPing here retard

>> No.25829994

>>25829458
Every single investment ever is just about dumping your bags on the greater fool. Life is a ponzi

>> No.25830060

>>25829856
Seriously. With a serious tone, tell me that BTC and the Altcoins will be worthless by 2025. Give any explanation you deem appropriate

>> No.25830064

>>25829108
We all have fun pretending to overreact to troll the newfriends

>> No.25830068

>>25829108
Yes, /biz/ is full of permabear faggots that think being contrarian makes them smart.

>> No.25830084

>>25829108

IT WOULD BE INCORECT TO SAY THAT /biz/ WAS SCHIZOPHRENIC.

WE HAVE A 'DIFFERENT' REALTIONSHIP TO MENTAL ILLNESS IS ALL.

>> No.25830101
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25830101

>>25829975
Sirs there unironically people on this board LARPing as Pajeets

>> No.25830102

>>25829632
Did you really expect anything better from 4chan?

>> No.25830348

>>25830102
Fair.

>> No.25830394

>>25829409
>>25829632
Other assets have tangible value tards. That everything is a memecoin

>> No.25830537

>>25829409
All commodities have real world uses

>> No.25830564
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25830564

how the fuck is this shitcoin not dumping how the fuck is this shitcoin not dumping how the fuck is this shitcoin not dumping how the fuck is this shitcoin not dumping how the fuck is this shitcoin not dumping how the fuck is this shitcoin not dumping how the fuck is this shitcoin not dumping

>> No.25830669

>>25829639
Did you know that institutions only trade BTC through futures contracts? They can manipulate the price without holding the underlying, just like PMs.

https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

>> No.25830792

>>25829940
>15th

>>25830060
As crypto matures, and more people hopefully start to see the technology in it (which is either unlikely or will take a long time), they will see the Altcoins have actual use cases and value technology while BTC is a dinosaur coin.

I don't think all ALTs will die, BTC will have to die though.

>> No.25830863

>>25829458
It all is but the FED is the buyer (QE), so you always win.

Once you realize that the US government will ALWAYS buy your bags, you can sleep easy. They wont buy your crypto though.

>> No.25830876

>>25830101
The sir is right. Please do the needful and buy BSV to beat the newfags sirs.