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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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5327385 No.5327385 [Reply] [Original]

>> No.5327428

dont say we didnt tell you but SONM

>> No.5327497

>>5327385
Thinking about buying some crypto coins Should I buy BTC since it is so cheap right now

>> No.5327506

Btc was a "store of value" but bch convinced normies that wasn't the case. It's crashing because it's a pioneer but the worst crypto.

>> No.5327711

>>5327497
not yet, wait till the market settles, btc will end up below 10k if support at 12k fails, and it will. next support is at 8k but that might fail aswell. Its better to wait till or btc hits around 5k, or buy ethereum/ltc when the market settles.

>> No.5327816

>>5327385
>Being this stupid
It'd have to hit 6-7K for us to enter a bear market.

>> No.5327904

>>5327711
lol

>> No.5327905
File: 9 KB, 300x168, btc.jpg [View same] [iqdb] [saucenao] [google]
5327905

>>5327385

>> No.5328070

Just sold all my btc what do I buy now?

>> No.5328078

>>5327904
nice lol you got there, any other arguments left for you?

>> No.5328139

>>5328078
lmao

>> No.5328176
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5328176

>>5327385

>> No.5328220

>>5327428
What about SONM?

>> No.5328225

>>5327506
you're a fucking normie

>> No.5328235

>>5328139
please dont hit me with the "kys" or the "gtfo" argument i wont have anything to say because its a solid argument

>> No.5328255

BTC never reached anywhere close to tulips. Quote that.

>> No.5328271

>>5327497
Yes. We're looking at 33% growth (from current value) in under a week when it corrects

>> No.5328279

Cannot wait to see the tears
Cannot fucking wait.

>> No.5328285
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5328285

>>5327385
Yes

>> No.5328339
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5328339

is the bean safe anons?
am I gonna make it?

>> No.5328346

bu-bu bu-ut Blockchain technology!
Its changing the world!
My btc will stabilize!

>> No.5328385

>>5328255
bubbles come in all sizes, if you did your research atleast. I keep forgetting a lot of stupid people invested in crypto without actually doing some research.

>> No.5328406

>>5328070
Did the same yesterday, I bought some Monero but I'm a retard that doesn't know what he's doing.

>> No.5328425

>>5328285
>pic
So in other words, it's the newfags.

>> No.5328445

>>5328406
bought some monero yesterday aswell, but after some research i found out it still goes down with bitcoin, so ive put it in tether.

>> No.5328452

>>5328385
Only a moron would say btc isn't a bubble.
Its over valued
Backed by nothing
Easily manipulated
Over a 20 fold gain in value in one year
With regular swings of 25% value

Fuck btc, and all this other imaginary valued digital bullshit.

>> No.5328485

>>5328385
>The biggest global innovation since the internet
>Thinks the "bitcoin bubble" is 20k
Yeah, you're right, a lot of stupid people are in this without doing research.

>> No.5328492

Bitcoin is shit. Something else will take over. It will affect all crypto prices but long hodl ur alts.

Trust me.

>> No.5328538

>>5327711

what about 4k?

>> No.5328578

>>5328452
Why are you here then? Seems pretty gay and counter-productive.

>> No.5328592

>>5327904

can't argue with double dubs. fuck off.

>> No.5328607

Bitcoin and all other cryptos are nothing more than people with extra money putting it into something they think will make them extra money.

Give it up already.

>> No.5328610

>>5328485
The thing is with bubbles is that a new, game-breaking innovation is what causes it. Its not the end of blockchain and far from the end of the cryptomarket as a whole, but its the pop of a bubble of a inflated shitcoin. If you would do your research about bubbles and why they form and how they end you would not use the arguments you have used.

>> No.5328652

>>5328578
This is /biz/ not /crypto/

>> No.5328653
File: 179 KB, 415x477, Bitcoin goes to the moon thru the centre of the earth.gif [View same] [iqdb] [saucenao] [google]
5328653

Just dropped to 13,800 on Bitfinex

>> No.5328660

>>5328578
Because I love to shit on the people who bought into this scam.

>> No.5328675

>>5328485
thats what causes the bubble retard.

>> No.5328687
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5328687

>>5327385
Everything above 11800 is alright and we have done 40% corrections many times on our way up (e.g. September this year).
If BTC sinks below that we enter questionable tier territory.

>> No.5328689

>>5328610
I'm clearly stating that 20K isn't the bitcoin bubble. Try 250K or 1 Million. This is a long overdue correction.

>> No.5328710

>>5327385
YUP IT IS: WE ARE NOW OFFICIALLY CRASHING!!!!!!!!!!!!!!!

>> No.5328734

>>5328687
Could be there by this time tomorrow if it keeps up, or em, down.

>> No.5328737

>>5328689

> being that delusional

>> No.5328740

oh god it’s really happ-

>check Blockfolio
>down 3 btc after gaining 10 the past week

Yawn

>> No.5328767
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5328767

>>5328660
you're so smart you knew it was a scam all along unlike everyone else

>> No.5328769

>>5328737
Its fucking sick how many people think this way
Usually its the fucking hipster type
Probably brainwashed by some video they saw on YT
Probably going to lose a lot of money
Probably deserve it.

>> No.5328822

>>5328737
>Delusional for thinking 20K is too small of a price for a bubble of the biggest innovation since the internet
You're legitimately retarded dude. Yes, bitcoin will be a bubble, but thinking this, right fucking now, is it is one of the stupidest takes I've ever read.

>> No.5328835
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5328835

>>5328734
Thats ok.
I just would be very disappointed if this was already the "big bubble of our generation". Market cap of all Cryptos combined was just 5/6th of 1 MSFT.
This is not the epic proportions I imagined and fuck central banks never felt the heat.

>> No.5328854

>>5328652
this

>> No.5328865

>>5328822

don't you understand that the first car built isn't the same like the car market?

>> No.5328925

>>5328865
Don't you understand that the value of Renault's isn't measured in Mercedes'?

>> No.5328927
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5328927

>>5328835
tfw central banks can just buy bitcoin and manipulate the market how they want

>> No.5328975

>>5328689
Well, im stating this was the bubble of bitcoin, not the market. Mcafee will eat his dick on live television. 20k would be outrageous and totally not justified, let alone 250k or 1million.

>>5300781

>> No.5328999

>>5328975
How can you state this when cryptocurrency in general hasn't even being properly adopted in the real world? It doesn't make any sense.

>> No.5329004
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5329004

>>5328927
>tfw central banks can just buy bitcoin
Only from my iron Lambo driving hands.

>> No.5329005

>>5328927
We can still turn to other coins made for people, not banks, and tell them to go play alone their bitcoin toy, no?

>> No.5329022

only bots are still trading.. unreal

>> No.5329028

USD pairs are biggest volume atm, just behind XRP refuge

GL to Bitbagholders

>> No.5329036

>>5328925

You can measure ETH in Dogecoin if you can use simple math. How retarded are you?

>> No.5329053

>>5328660
Prepare to BTFO when it stabilizes and reaches new highs again. Bear corrections are typically 50% of the aquired gains in one year. Lets go extreme and say we measure from 1000$ to 20000$, the gain is 19000$ so the correction will most likely bottom out @ 10500$. Which makes sense since 10000$ is also a psychological barrier. It might stop a bit higher then that though, crypto tends to have smaller then 50% corrections since it is still bullish on long term.

>> No.5329126

>>5328822
Yeah and the internet is bigger than every before. Guess there was never a .com bubble then....
Value of the crypto market in 10 years might be higher than the price today, even by a decent margin. but price today is waaaaayyyyyyyyy above current value.

>> No.5329142
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5329142

>>5329053
A lot of money that has been on the sidelines at $20k maybe now find BTC "cheap" at "just" $10-13k

>> No.5329152
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5329152

Implying btc has been stable at all in the past year??

>> No.5329172

>>5328999
btc will never be fully adopted by the whole world because its outdated tech and way too slow with too high transaction fees. Ethereum would be a better option but its getting more expensive everyday. You will have to wait for plasma. Bubbles dont have to be adopted by everyone to be a bubble, they can be a small bubble.

>> No.5329181
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5329181

>>5329053
If you didn't earn it mowing lawns it isn't real.
Sell now and ask God for forgiveness.
(I just bought the dip)

>> No.5329212

>>5329036
The difference is it's not, you fucking caveman.
>>5329126
Maybe because the technology was actually being employed and expanded at an astronomical rate. Bitcoins price has vastly outweighed its utility value, thus will correct and recover once the technology is eventually implemented into everyday life. What a stupid comparison to make.

>> No.5329223
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5329223

>>5329152
ebin store of value

>> No.5329309

>>5329172
This is like saying the entire world should use GBP. Bitcoin will always be used to measure a different currencies values.

>> No.5329321

>>5327428

WHAT ABOUT SONM?

>> No.5329372

>>5329142
Oh please anon, if the SP500 dropped 50% investors would be killing each other to get their orders in first. BTC / crypto is no different. Hoping for a 90%+ correction is beyond silly, I'll see pink wojakes everywhere how they missed the crash of a lifetime.

>> No.5329404
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5329404

It looks like its happening.

>> No.5329416

>>5329309
no it wont, as long as its an old dino coin with a valuation of approximatly 160$ it will die off. Ethereum will probably replace the king, but only if they keep on updating their coin.

>> No.5329423

>>5329212

You can buy alts in fiat you idiot. The monopoly is already passé. Steam dropped BTC as currency because if volatility and transaction fees. There's a better solution for every use-case. This shitcoin is 100% castles in the air speculation and completely inflated. Enjoy carrying your bags you delusional moron.

>> No.5329477

>>5329423
Yeah no shit, but when someone asks you what a coins worth, you don't say "1000 doge".

>> No.5329569

>>5329404
>bear trap

>> No.5329640

>>5329569
You hope so lol

>> No.5329649

>>5327385
yeah probably, this is it

nice being with you boys, I didn't make it. oh well. I'm still holding for desperate gambling but i highly doubt we continue this run.

Got a full time job in the meantime, see you guys in 5 years

>> No.5329650
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5329650

>the bubble popped before I could make it

Of course. Life just couldn't give me one more fucking year to get there.

>> No.5329695

>>5329650
nigga it went from 2 billion to half a billion total market cap in a year, you are the normie.

digibags was at ATH again, it was clear we were done

>> No.5329746

Ah I can remember when btc was 100 a coin.
Ah I can remember knowing then that it was useless.
Glad I have a hoard of silver bullion instead.

>> No.5329809

>>5329746
>He didn't buy at 100
Enjoy your 2% lifetime gains on your metal collection you boomer.

>> No.5329831

A low of 12.7k.
What a fucking ride, lol.

>> No.5329983

>>5329809
Enjoy buying into an invisible worthless piece of data.
Silver and gold will always have value, even if our central banks fail.
Can't say the same for your digidollars.

>> No.5330013
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5330013

TWO

SOMETHINGS GOT TO GIVE

>> No.5330130

>>5329983
>Silver and gold will always have value, even if our central banks fail.
When shit hits the fan in real life people trade in things that can get them through to the next day. Only people on the outside trade in gold.

>> No.5330212

>>5330130
and you think people are going to trade in crypto if the banks fail? LOL
Good luck, hopefully the miners can pay for the electricity. Hopefully the 50% of the world that doesnt use the internet and the 99% who do that dont use crypto give a fuck about whats on your hard drive! LOL.

>> No.5330241

>>5330212
>gold and silver have value

Try eating it boomerango

>> No.5330318

>>5330241
Cant eat it, well silver actually does get eaten.
Not by me tho
But ill one up you, try holding your bitcoins. lmfao.

>> No.5330342

>>5330241
>only food has value

>> No.5330356

Just bought 20k BZC, who cares, maybe it'll get to the normies.

>> No.5330414

>>5330212
>>5330318
And whos going to want to trade food for some heavy metal that may take decades to be valuable once civilization gets back on track? I can see your fat 60 year old ass trying to explain to a farmer that this golden metal is worth him giving you a considerable chunk of his yield and then getting laughed away.

>> No.5330450

>>5330013
THREE

SOMETHING'S GOT TO GIVE

>> No.5330481

>>5330414
Im actually only 30 thank you.
I have one hell of a garden and grow enough food for me to eat by myself for the winter if I wanted.
Im good.
Will trade silver for sex.

>> No.5330529
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5330529

Guys I really need your help. I convinced a hooker to spend 24 hours with me for $5K worth of bitcoin and now that the price is crashing she keeps calling and threatening to send her pimp to my house. What the fuck am I supposed to do?!? I live in a quiet neighborhood mostly inhabited by old people and they will for sure call the police if he shows up banging on my door.

>> No.5330567

sooo what does this mean for me, when I'm all in on one ALT coin

>> No.5330585

>>5327385
/Biz has been saying we are witnessing the bubble pop on and off for at least a year. It's never not possible but history tells us this will be forgotten in weeks.

>> No.5330605

>>5330567
It means you probably bought your alt coins with btc.
That means you get double fucked.
Enjoy.

>> No.5330682

To the retard who said high market cap would stabilize the price: what the fuck do you have to say now?

>> No.5330731

>>5330682
b-bitcoin gonna hit 500k by next weekend!

>> No.5330736

>>5330682
how can you stabilize an asset without a proper foundation?

>> No.5330973

>>5330605
No, it means he bought alts when his currency was at its peak value. Seems fine to me

>> No.5330985
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5330985

Should I sell all my BTC for LTC?

>> No.5331165

I love the collective amnesia here, bitcoin was fkin 8k not a month ago. Due for a correction, but is it crap?
Yes it is and it needs fixing asap.

>> No.5331207

>>5330985
Yes

>> No.5331227

>>5330973
Yeah and now its going to be how much more expensive to buy the same amount of alt coins?
Good luck selling that.
Hey it might be good tho after all dumping money into valueless shit is nothing new.

>> No.5331279

>>5329005
yeah 'cause they can't use their billions to buy other coins, only bitcoin.

>> No.5331328

>retard friend tried to get me to buy last week

>YOUR MISSING OUT MAN LOLZ!!!!

eat shit you fucking retard

>> No.5331374

Reminder that now is a good time to buy ethereum.

>> No.5331400

>>5330241
>what is goldschläger

>> No.5331453

>>5327385
It's rebounding right now.

>> No.5331479

I fucking bought two days ago I should've waited

I still got it for 775 so it wasn't a terrible purchase but I could've made out so well if I just waited until today fuck

>> No.5331503
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5331503

What pattern is this?

>> No.5331667

>>5331453
No, no its not.

>> No.5331731

>>5331503
Angry autist attack.

The A A A if you will

>> No.5331732

sell at a massive loss, ye of little faith

only the most iron of hands will survive the storm

>> No.5331804

>>5331732
If you sell now and face a loss, you shouldn't of invested in the first place.
Iron brain more like it.

>> No.5331906

Media starting to report the drop today now too.
Normies about to bail
Hope this shitty worthless digidollar shit is in its last days.

>> No.5332152

>>5331804
some people are afraid to die, ill hodl to the very bottom

death is only the beginning

>> No.5332826

>>5329181
Underrated

>> No.5332895

>>5331503
three and out

>> No.5333122

>>5328689
I want you to stop acting so obnoxious about bit coin. I am asking you politely.

>> No.5333295

>>5328452
Stay poor faggot

>> No.5333377

>>5328492
This 2018 will be alts

>> No.5333679

>>5328737
There will only ever be 21 million of them with no possibility of counterfeits. Divide the world population by 21 million. How much is a bitcoin worth now retard? I've tried to explain this to brainlets before but they can't wrap their tiny brains around it.

>> No.5333708

Of course this is it. Bitcoin futures are trading on Wall Street, normies are into it. It's over.

>> No.5333997

>>5328927
Every time they buy they drive the price up. They are doing us a favor but you have to be in it to win it. Ay some point in the future it will get too expensive for the banks to do that as more people enter and hold. This isn't flat. You cant just print bitcoins whenever you feel like it.

>> No.5334134
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5334134

This time popular media worldwide has gone into a full on FUD campaign, which affects the normies that pushed the price up there to begin with.

During those previous dips we had on the way to 20k, MSM were still in a BTC mania.

>Media tells normies that BTC bubble is popping
>Normies begin selling out of fear and it becomes of a self-fulfilling prophecy

>> No.5334381

>>5334134
>then BTC rises to new ATH highs in the following months BTFO'ing normies and the media once again

it truly is the perfect cycle