/biz/ - Business & Finance

[Anonymous No.29429609]

So you're telling me if I just follow these 4 graphs I will make money with bitcoin?
I feel like Biff Tannen with the sports almanac. Surely it can't be this easy, or else everyone and their dog would be in on this.

[Anonymous No.29429687]

>>29429609
you underestimate the public's stupidity

[Anonymous No.29429692]

>tfw 95% of my savings is in BTC right now
Living on the edge this week

[Anonymous No.29429884]

The more people follow these charts the less accurate the charts become because everyone front runs them. Doesn't take a genius to figure that out.

[Anonymous No.29430013]

>>29429687
this

[Anonymous No.29430135]

>>29429609
BTC loses its mooning ability as time goes on. In the beginning it did over a 1000x. Then less and less each time, from each bottom to each new peak. Since the last bottom ($3800) it has only done 15x. Even if the peak is 200k (it won't get there, precisely because people believe it will), that would only be a 52x from $3800. From where we are now (if you bought in now) it would only be a 3.7x which is pathetic.

[Anonymous No.29430437]

>>29429884
Exactly when everyone knows the future people work to alter it to bet against it, cancelling out any predictions meaning you are right back where you started.

>>29430057
The risk is so much higher than the reward ratio its insane this board is even talking about it so much except to pump. The real value is in the smaller coins which could moon similar to bitcoin in the future. Even if 99% of them wont make it past the filter, 1% doing 250000x makes up more than enough.

[Anonymous No.29430828]

>>29429609