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/biz/ - Business & Finance


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File: 326 KB, 1169x1368, 8670e989716ab6db.jpg [View same] [iqdb] [saucenao] [google]
49634920 No.49634920 [Reply] [Original]

oh wait adhd kids can't do that, no wonder there's so much confusion on /biz/ rn

>> No.49634993
File: 22 KB, 460x366, 1600047172784.jpg [View same] [iqdb] [saucenao] [google]
49634993

>>49634920
>oh wait adhd kids can't do that, no wonder there's so much confusion on /biz/ rn

>> No.49635024

BICHOI GHUNGOE UH

>> No.49635075

>>49634920
In which one of those years was the world in an economic death spiral?

>> No.49635086
File: 128 KB, 600x562, 15FED23B-E288-4489-B582-14D0F794EAB8.png [View same] [iqdb] [saucenao] [google]
49635086

>>49634920
>ZOOM OUT!

>> No.49635114

>>49634920
kek

>> No.49635116

theres confusion because late adopters hold altcoins, and there's no floor for altcoins

>> No.49635135
File: 69 KB, 412x260, Screen Shot 2022-06-15 at 12.53.08 am.png [View same] [iqdb] [saucenao] [google]
49635135

This price action from 2012 - 2014 is why I gave up bothering with Bitcoin and just stopped thinking about it. I thought it would go back down to $20 or something after popping and slowly grow over-time.

>> No.49635144

>>49635075
All of them which is the only reason literally nothing was fantasized as money in the first place.

>> No.49635149

>>49634920
2015 drop comin up.

>> No.49635166

>>49634920
now do that pegged to interest rates

>> No.49635202

>>49634920
Party is over because there are no more suckers left

>> No.49635213

>>49635135
the floor growth from 2012 to 2014 is the same as the floor growth from 2015 to "now".

>> No.49635263
File: 39 KB, 657x527, 62D898A7-A592-4BE4-AF35-7F1CEB3D6435.png [View same] [iqdb] [saucenao] [google]
49635263

So the bottom is between 14k and 4k right?

>> No.49635310
File: 1.42 MB, 753x822, schizobears.png [View same] [iqdb] [saucenao] [google]
49635310

>>49634920
>2022 - $3,800
>2023 - $3,400
>2024 - $3,200
>2025 - $780
>2026 - $360
>2027 - $190
>2028 - $300
>2029 - $13
>2030 - $4

>> No.49635330

>>49635202
there will continue to be "suckers" around as long as the fed continues to exist

>> No.49635359

>its digital gold bro! its a store of value!

>> No.49635427

>>49634920
upon zooming out 2021 really was an outlier.
2022 - $4200
2023 - $4500
and so on

>> No.49635438
File: 54 KB, 850x507, The-Index-of-Tulip-Market-during-Tulip-Bubble-10.png [View same] [iqdb] [saucenao] [google]
49635438

Keep zooming out

>> No.49635567
File: 5 KB, 219x230, jvc.jpg [View same] [iqdb] [saucenao] [google]
49635567

>>49634920
now do the same comparison with ALL US STOCK MARKET since 2008

>> No.49635624

>>49635438
We're at "first sell off"

>> No.49635812
File: 389 KB, 1075x507, 7A9917A7-2953-42E7-8924-B924B178FA3D.jpg [View same] [iqdb] [saucenao] [google]
49635812

>>49635624
>treasury secretary talks about crypto all the time
>senate is trying to introduce regulations for crypto
>media talks about BTC on a regular basis
>one exchange bought naming rights for a goddamn stadium in downtown Los Angeles
>we haven’t passed media attention yet
>we’re not in fear because I want it to go higher

>> No.49635853

>>49635359
this was never true because its better than gold
if I bought gold in 2017 I wouldn't be rich right now, living in a luxurious apartment and neeting it up

>> No.49635873
File: 18 KB, 512x468, 1655218115028.jpg [View same] [iqdb] [saucenao] [google]
49635873

>>49634920
we are going to 3800

>> No.49635973
File: 3 KB, 200x200, lel.png [View same] [iqdb] [saucenao] [google]
49635973

>>49634920
>Just extrapolate a trend that happened in a completely different macro and political environment bro!

>> No.49636036

>>49635624
This meme stopped being funny this time last year. Fuck off.

>> No.49636035
File: 124 KB, 1080x1920, Screenshot_20220614-112216.png [View same] [iqdb] [saucenao] [google]
49636035

>>49635438
that's nice anon now let's check out the real graph

>> No.49636046

>>49635075
I have been hearing about an economic death spiral since I could first use the internet desu, that was like 2006.

>> No.49636130
File: 48 KB, 852x532, 1485345995656.jpg [View same] [iqdb] [saucenao] [google]
49636130

>>49636035
>coindesk
>linear chart
>phone screenshot

unironically sell everything and never come back. ngmi.

>> No.49636146

>>49635812
cope
>>49636036
That whole image is a meme retard

>> No.49636189

Interest rates were 3.5% in 2018 and worldwide stocks were stagnating.
It was a bear market. None of my friends could find jobs

>> No.49636219

>>49635812
sounds bullish

>> No.49636245

>>49636146
Project harder, daddy

>> No.49636275

>>49635149
This

>> No.49636292

>>49635973
thanks for the screenshot I'll use this when btc recovers again like the previous 20+ times

>> No.49636466

> dips to $40k
Zoom out :)
> go under water at $30k
Zoom out :)
> lose my home at $20k
Zoom out :)
> begging on the street because I've lost my life savings at $10k
Zoom out :)
> dying in a ditch on the side of the road at $5k
Zoom out :)

>> No.49636470

>>49635438
>>49636035
Looks like it’s matching up perfectly. We’re currently in “capitulation”. Who knows when we’ll hit desperation and then return to normal

>> No.49636587

>>49634920
Wait so the yearly low should be close to 4500 then..

>> No.49636586
File: 17 KB, 577x148, ss+(2022-06-14+at+11.23.31).png [View same] [iqdb] [saucenao] [google]
49636586

>>49636470
there's no normal because we're in uncharted territory at the moment. peter schiff could finally be right this time and we see extremely cheap BTC. all bets are off until inflation is under control.

>> No.49636589

>>49635359
>uh oh my store of value just lost 90% of it's value

>> No.49636757

>>49636586
The golden rule tends to be to counter trade him given his ability to be completely wrong on every call he makes about btc

>> No.49636831

>>49634920
Except 2022s current low is lower than last years, which means the trend has been BUCK BROKEN.

>> No.49636839

>>49636757
for sure. that works when the economy is printing. but we're in a shit time right now...

>> No.49636882

>>49636466
if you can't hold for a year then you shouldn't have invested at all, your destiny at that point is to live and die a wagie

>> No.49636966
File: 197 KB, 986x539, Screenshot_20220614-115132_cropped.png [View same] [iqdb] [saucenao] [google]
49636966

>>49636831
>Except 2022s current low is lower than last years, which means the trend has been BUCK BROKEN.
keep in mind these ^ are the adhd kids that think bitcoin is dying

>> No.49637097

>>49636130
Glad someone else understands the importance of log charts. Retards on /biz/ mock me when I use them

>> No.49637230

>>49636036
you nervous?

>> No.49637364

>>49636245
seethe

>> No.49637455

>>49634920
>TFW I asked my mom if she could buy me a hundred dollars worth of BTC at 1 buck a pop.
>Would have 6.9 million between the two of us.
>She spent that money getting wasted at a bar and spending her money on lottery tickets.
>She works two jobs to pay 1k a month in rent.
I'm literally never selling my BTC, I will actively sell drugs and put all my money into BTC.
Never selling my BTC.

>> No.49637472

>>49635075
The great depression was 100 years ago, kiddo.
How's the Adderall and ADHD treating you?

>> No.49637489

>>49635202
Coinbase pro trade history says others wise.

>> No.49637637

>>49636466
>begging on the street because I've lost my life savings at $10k
There are nigger gang bangers in Chicago that stack more paper than you.
There are niggers with more money than you.
Do you guys not also buy oil stocks and silver/gold?
I'm poor as fuck and even I copped a hand full of silver, might even buy another round of FANG when and if the price dips.
Fuck sake, I bought FANG at 44 bucks a pop and sold at 95 or 96, I should have held for longer, it's over 150 bucks a share now.
You fucking arseholes with your "oooooh stop bag holding, baggies." Are actual lost me money in the past.
Never selling.
Will buy OIL, Silver, BTC at every dip.
There is nothing that will get me to change my mind, fed hike can suck my sweaty, meaty ball sack.

>> No.49637665

>>49636586
>Buy the tippy top.
>"What do you mean crypto fluctuations?".
Okay.

>> No.49637682

classic smoothbrainer moment
despite the bearish market altcoins like CHER seem to be booming

>> No.49637813

>>49634920
Extreme bearish data series.

>> No.49638043
File: 164 KB, 987x1091, mmmri.png [View same] [iqdb] [saucenao] [google]
49638043

>>49635438
Does this chart have any precedence at all or is this some made up shit?

>> No.49638093

>>49634920
so what's the bottom?

>> No.49638349 [DELETED] 

>>49635135
>>49635202
It's notoriously characteristic of the classic pyramid schemes - they run out of people in a certain region or setting and the whole thing can start to buckle for a while, people who bought in can't get their money back, people become uncertain and it's hard to sell it to new people. If it can be hyped it can find new ground, a new region or new setting or type of people and it catches on like wildfire taking off again.

The thing about a pyramid scheme is that the new levels (ie. the bottom) always have to get bigger and bigger. The next prey for bitcoin should be developing and poor countries like China, India etc. Once all of them have bought their bags and people on Somalia have trading crypto online as their "job", then will be your signal to get the HELL out because once that crashes it will never, ever come back.

>> No.49638432

>>49635135
>>49635202
It's notoriously characteristic of the classic pyramid schemes - they run out of people in a certain region or setting and the whole thing can start to buckle for a while, people who bought in can't get their money back, people become uncertain and it's hard to sell it to new people. If it can be hyped it can find new ground, a new region or new setting or type of people and it catches on like wildfire taking off again.

The thing about a pyramid scheme is that the new levels (ie. the bottom) always have to get bigger and bigger. The next prey for bitcoin should be developing and poor countries like China, India etc. Once all of them have bought their bags and people in Somalia, Ethiopia, etc. have trading crypto online as their "job", then will be your signal to get the HELL out because once that crashes it will never, ever come back because it will be all out of new people.

Remember also that a lot of other very smart people will also be looking to get out around that time, so you probably want to time it a good deal in advance. Getting out slightly early at 90% is a lot better than risking getting out late at lunac %.

>> No.49638605

>>49634920
2022: 19736
2023: 11880
2024: 7897
2030: 12

>> No.49638701

>>49634920
I am taking a big fat green ogre shit on crypto. include that in your shitty yearly statistic

>> No.49638915

it's not just zoomers, everyone is retart. Jim Cramer ( I know, not a great example of competence) who has been through more bubbles than anyone, who should understand that bitcoin is early and not to go betting big on it, lost money by giving his bitcoin to one of these "interest farms" that are now shuttering

https://youtu.be/1Cur5NuHlUQ?t=295
He also spends the beginning of the video saying everyone in crypto is destitute. I bought at 100 jim, I'm A OK

>> No.49639209

>>49637472
>>49637489
>>49637637
>>49637665
youre so sad. youve lost. get a grip

>> No.49639255

>>49634920
2022 15k
2023 7k

You heard it here first.

>> No.49639553

>>49634920
why would worthless internet tokens deserve a higher market cap than the biggest companies in the world?
no one uses crypto for anything

>> No.49639834

>>49639553
because they are becoming real estate for the future properties of the internet, whatever form they take. the technology induced by blockchain help regulate that without corruption or censorship. i'm a room temperature IQ neet. but i've been behind a computer for nearly 25 years. even i see the writing on the wall.

>> No.49639874
File: 137 KB, 568x896, gangbanggaze.jpg [View same] [iqdb] [saucenao] [google]
49639874

>>49634920
DON'T YOU GET IT YOU PIECE OF FUCKING SHIT!!! IT'S ALL GOING TO ZERO. WE ARE ALL FUCKING DEAD

EVERY ONE OF US IS FUCKING DEAD!!!

>> No.49639986

>>49635812

You are in denial brother

>> No.49640195

>>49639834
why can i have a coherent conversation about everything else but crypto on this board?
>real estate for the future properties of the internet
nigger what? you mean a website?
>technology induced by blockchain
blockchain "technology" is useless. there is zero innovation found in crypto.
>without corruption or censorship
most corrupted space in all finance

>> No.49640495
File: 91 KB, 828x794, photo_2022-06-12_12-18-53.jpg [View same] [iqdb] [saucenao] [google]
49640495

>>49634993
if he didn't add some 4CHAN EDGE® to his twitter repost, we might figure out that he is, in fact, a faggot

>> No.49640527

>>49635310
>>2022 - $3,800
>>2023 - $3,400
>>2024 - $3,200
>>2025 - $780
>>2026 - $360
>>2027 - $190
>>2028 - $300
>>2029 - $13
>>2030 - $4
Another scumrag on this board. I wish your family cancer and no recovery for them
>>49639553
Crypto is used for literally everything and moving even further in e-commerce. This current market will be a test to what Kolnet will offer considering the current market trend

>> No.49640932

>>49640195
a website suffers from things like linkrot, or government intervention. and a well designed system like bitcoin cannot be corrupted. please stop making shit up and being confrontational because I'm not going to waste time with "selling" you crypto. you clearly don't like it so go away anon.

>> No.49641117
File: 138 KB, 572x576, 1627348615567.jpg [View same] [iqdb] [saucenao] [google]
49641117

>>49638043
I'm ready for $8k despair

>> No.49641848

>>49636586
>peter schiff could finally be right
fuck your faggot twitter celebrities, I've seen anons posting here longer than he has about the potential sub 50k's, 40k's, 30k's etc.
Nobody can predict what's going to happen it is as of this moment a full on guessing game

>> No.49642528

>>49641848
the only sure thing is that inflation is here and rising. you really think people wanna buy btc when there's a scarcity on goods.