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/biz/ - Business & Finance

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Anonymous Mon Feb 22 21:12:45 2021 No.29433682 [Reply] [Original]

Can anyone come with a convincing argument that this isn't early 2018 all over again?

Anonymous Mon Feb 22 21:16:08 2021 No.29433904

I literally don't care because I'm not selling until I can get at least $100k as per the rainbow chart. I expected that to take at least 2-3 months and it was rising way faster than that; we are just seeing profit taking and will likely be back or near ATH by the start of March.

>>	Anonymous Mon Feb 22 21:18:03 2021 No.29434016 File: 619 KB, 1747x783, Bubble_GoogleTrends.001.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Feb 22 21:19:10 2021 No.29434085 >>29433904 I don't care either, literally never selling my BTC. Plus I'm stacking STX and earning BTC on top of that, so not selling that either

>>	Anonymous Mon Feb 22 21:20:52 2021 No.29434175 >>29433904 >>29434085 this is reddit-GME-not-selling-till-1000 faggotry

>>	Anonymous Mon Feb 22 21:23:42 2021 No.29434318 >>29434016 >>29434085 >>29434016 Lindsay Lohan & Gene Simmons are tweeting about crypto. This is maximum delusion.

>>	Anonymous Mon Feb 22 21:25:15 2021 No.29434404 >>29433682 yes. massive institutions hold btc now, tesla, black rock, all these btc trusts who bought billions. theres just no way it can collapse

>>	Anonymous Mon Feb 22 21:28:15 2021 No.29434571 >>29434404 you know they can sell right?

>>	Anonymous Mon Feb 22 21:29:50 2021 No.29434654 >>29434571 Why would they sell when they don't need liquidity and can just hold until it goes back go? These aren't retarded retail investors we are talking about.

>>	Anonymous Mon Feb 22 21:30:22 2021 No.29434685 >>29434404 >Institutions like Enron 2.0, hedgefund that owns subprime mortgages, boomer ponzis wow so bullish!

>>	Anonymous Mon Feb 22 21:31:15 2021 No.29434734 >>29433904 Rainbow chart?

>>	Anonymous Mon Feb 22 21:32:09 2021 No.29434789 File: 34 KB, 684x552, Subprime_mortgage_originations,_1996-2008.gif [View same] [iqdb] [saucenao] [google] >>29434654 because they have shareholders and risk management profiles that literally compels them to sell if they lose a certain amount.

>>	Anonymous Mon Feb 22 21:32:59 2021 No.29434833 >>29434404 Institutions bought in at 1k and 10k. They're primed to dump

>>	Anonymous Mon Feb 22 21:33:20 2021 No.29434852 >>29434685 literally yea it is bullish retard, even if they go under the government is going bail them out

>>	Anonymous Mon Feb 22 21:35:00 2021 No.29434949 >>29434789 These companies already have diversified portfolios. They aren't all in on BTC, they are using it as a hedge.

Anonymous Mon Feb 22 21:35:35 2021 No.29434987

>>29433682
>>29433904
I've always just done small amounts of BTC. I've made like 40% over the years but that's out of maybe a total of $1,000 invested.
Anyway I invested $1,000 when it was around 40k. That was 5x more than any previous investment, but still I've been regretting not just going all-in and doing like 20,000.

so what's the future look like? When BTC dips should I just pull out of my normal stocks (around $20,000) and dump it into BTC?

>>	Anonymous Mon Feb 22 21:35:42 2021 No.29434996 >>29434852 Blackrock owns the government. They buy and sell literal garbage just because >hey, why not? something's gotta work The government is not gonna bail out zoomer fiat.

>>	Anonymous Mon Feb 22 21:36:18 2021 No.29435024 >>29434404 Anon you know they'll dump this shit if it isn't performing right or to take profits? They'll dump it then move into something else if they really want to.

>>	Anonymous Mon Feb 22 21:36:40 2021 No.29435049 >>29433682 It’s early 2021

>>	Anonymous Mon Feb 22 21:36:43 2021 No.29435053 >>29434949 Exactly, that's why they'll close their positions when it becomes obvious it isn't going anywhere, or isn't acting the way they think it will, and find a new hedge.

>>	Anonymous Mon Feb 22 21:36:49 2021 No.29435059 >>29434404 >>29434571 why didn't they sell at the peak then? Tesla could have made like $700 million in a week.

>>	Anonymous Mon Feb 22 21:36:49 2021 No.29435062 >>29434833 Back that up, you're way off. Try 30 and 40

>>	Anonymous Mon Feb 22 21:37:36 2021 No.29435118 >>29434175 you're new, holding and never selling was a Bitcoin thing way before GME

>>	Anonymous Mon Feb 22 21:38:12 2021 No.29435155 >>29435059 Because the Tesla purchase was a sign that Musk doesn't know what the fuck to do with the crazy TSLA bubble to actually improve his company. That's why Tesla's stock is crashing.

>>	Anonymous Mon Feb 22 21:38:39 2021 No.29435174 >>29434734 https://www.blockchaincenter.net/bitcoin-rainbow-chart/

>>	Anonymous Mon Feb 22 21:39:01 2021 No.29435198 OP what makes you sure this isn't June 2017?

>>	Anonymous Mon Feb 22 21:39:45 2021 No.29435252 >>29434404 right

>>	Anonymous Mon Feb 22 21:41:26 2021 No.29435367 >>29435155 musk is an actual retard, imagine having that amount of wealth at your fingertips and doing the absolute least with it. thats what happens when mommy and daddy own an emerald mine and you get lucky.

Anonymous Mon Feb 22 21:41:52 2021 No.29435394
File: 21 KB, 313x307, SurprisedBaochu.png [View same] [iqdb] [saucenao] [google]

How many institutions in 2018 dumped $1.5b into BTC? What projects existed in 2018 to actually revolutionize the crypto space? Most ICOs were vapoware garbage or shit that had no working project or widespread usecase. It was practically the dot com bible where niggers would just copy and paste each other's whitepagpers for a quick buck. And the whitepagpers were all filled with buzzword salad like
>Mezzilo is the premier cryptocurrency to parse data through decentralized oracles for API calls on the blockchain ledger for a true autonomous delivery of immutable databases.

And people at that shit up.

>>	Anonymous Mon Feb 22 21:41:54 2021 No.29435395 >>29435053 They knew the historical movements of BTC before they bought in. These companies are in it for the long term barring something catestrophic like SHA-256 being cracked.

>>	Anonymous Mon Feb 22 21:42:57 2021 No.29435467 >>29434404 This is literally the reason why it will dump

>>	Anonymous Mon Feb 22 21:43:53 2021 No.29435534 >>29433682 >newfag who bought in at 23k Literally cant lose lmao

>>	Anonymous Mon Feb 22 21:44:24 2021 No.29435557 >>29435534 Good thing a pandemic happened huh?

>>	Anonymous Mon Feb 22 21:44:34 2021 No.29435570 File: 567 KB, 2778x1284, C62885EE-0C7F-4A99-959C-D60E2D25DFED.png [View same] [iqdb] [saucenao] [google] >>29433682 >>29433904

Anonymous Mon Feb 22 21:45:33 2021 No.29435635
File: 145 KB, 1920x1080, tesla space.jpg [View same] [iqdb] [saucenao] [google]

>>29435155
>>29435367
>imagine having that amount of wealth at your fingertips and doing the absolute least with it
imagine thinking pic-related is the "absolute least."
pleb

>>	Anonymous Mon Feb 22 21:45:35 2021 No.29435639 File: 162 KB, 2047x1145, 8549FB1C-587E-455E-B353-4ABDF01C50E4.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Feb 22 21:45:50 2021 No.29435661 >>29433682 I sold yesterday. It was rising too much. I'll buy when it keeps dipping.

>>	Anonymous Mon Feb 22 21:46:45 2021 No.29435733 >>29435639 and?

>>	Anonymous Mon Feb 22 21:47:37 2021 No.29435786 >>29435639 nice, still time to accumulate before the peak

>>	Anonymous Mon Feb 22 21:48:16 2021 No.29435824 >>29435053 >find a new hedge just invent a new assetclass bro

>>	Anonymous Mon Feb 22 21:48:26 2021 No.29435836 >>29435062 Back your claims up. For the entirety of human history institutions have had the advantage/have been first. I doubt this time is any different.

>>	Anonymous Mon Feb 22 21:49:30 2021 No.29435895 >>29433682 Because it's early 2021 you retard.

Anonymous Mon Feb 22 21:50:08 2021 No.29435947

>>29433682
No not really. Anyone making that argument is a delusional bull tard that fell for 1 of 2 memes
>muh institutional investors
>muh money printer
Personally the only hope I have left is that last time when BTC dropped from its peak and “returned to normal”, alts flew like crazy.

>>	Anonymous Mon Feb 22 21:55:42 2021 No.29436361 File: 349 KB, 2048x1536, cSlsCOaesTvdZFUgac3PJMHf6Zgwgh-H92NCwyROZN8.jpg [View same] [iqdb] [saucenao] [google] >>29433904 >rainbow chart

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