/biz/ - Business & Finance

[Anonymous No.57954067]

Where are we?

[Anonymous No.57954079]

>>57954067
We havent even gotten media attention yet

We just got out of bear trap

[Anonymous No.57954084]

>>57954067
The top, obviously.

[Anonymous No.57954103]

>>57954067
take off

[Anonymous No.57954119]

>>57954067
We cleared the bear trap a few days ago

[Anonymous No.57954121]

>>57954067
No media attention yet. normie finance hasn't caught wind. Call and long all the way till normie TV creates buzz.

[Anonymous No.57954127]

take off

[Anonymous No.57954146]

>>57954079
There are still trillions of dollars sidelined because of the high rates. Once the FED lowers rates the party will start.

[Anonymous No.57954153]

>>57954067
Return to the mean.
Few.

[Anonymous No.57954168]

[Anonymous No.57954173]

>>57954067
Once media attention happens the graph will repeat itself to a T

[Anonymous No.57954184]

>>57954121
normie here, i learned btc was at 60k from a dave ramsey tiktok and bought last week. top signal

[Anonymous No.57954191]

>>57954067
Judging by the responses in this thread, we're at delusion. I'm seriously considering selling now.

[Anonymous No.57954216]

Beginning of mania.

[Anonymous No.57954230]

>>57954119
try again phoneposter

[Anonymous No.57954285]

>>57954067
I'd say enthusiasm

[Anonymous No.57954301]

>>57954230
Forgot to include the mean.

[Anonymous No.57954351]

Bitcoin

[Anonymous No.57954427]

>>57954067
delusion
it will go up to 80-90 then down to 50 then back to 70ish and down

[Anonymous No.57954491]

>>57954301
No one ever forgets to include the mean on this board :(

[Anonymous No.57954549]

Between enthusiasm and greed. The STF model has been an accurate predictor in past cycles, and it's one the whales generally use these days to time their entries and exits. I'd use that for a more accurate measure of where in the cycle we are.
https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

[Anonymous No.57954803]

>>57954427
Yeah I'm watching 40-50 for the bounce.

>>57954549
Smart money is out when xmr-btc spikes.

[Anonymous No.57954843]

>>57954079
there's been plenty of media attention just not enough for normies to buy back in yet. Only people i know that still got crypto were baggies and slurpers

[Anonymous No.57954899]

>>57954067
Just little out of bear trap, I'm enjoying the ride, playing blocklords while I see everyone panicking for being left behind KEK

[Anonymous No.57954922]

Somewhere along this line. At the maximum we are at media attention but most likely we are nearing "first sell off".

And it is coming. It always does.

[Anonymous No.57955441]

>>57954079
i've only heard it from some youtubers. the news are starting to spread, this thing might reach total dispair in a week or two

[Anonymous No.57955704]

>>57954067
return to "normal"

[Anonymous No.57955720]

>>57954067
the bear trap was people selling at 69k. we're on our way to media attention in the next few weeks.

[Anonymous No.57955757]

>>57954067
stealth phase

[Anonymous No.57955875]

>>57954067
Early Media Attention. We MIGHT be right before a first sell off, but I doubt it because the ETF flows are still pretty strong.

[Anonymous No.57955917]

>>57954067
first sell off

[Anonymous No.57955966]

>>57954079
I know literally 1 person beside me that holds crypto, during 2021 mania it was like 20 people talking about it and girls were posting instagram stories about buying eth, we're still far off.

[Anonymous No.57956127]

>>57955966
bullshit, my friends mom put a ton of her net worth into crypto and she is the first to tell people she doesn't know what's going on.
Bullshit we are early.
This party might keep going and the insanity we are all going to witness is going to be soviet union collapse x 10 levels of insanity because it's the USA, but don't piss in my pocket and tell me its raining you have literaly suburban boomer women buying bitcoin and bitcoin stocks en masse

[Anonymous No.57956180]

>>57954067
Take off

[Anonymous No.57956195]

>>57956127
In my circles, I only know one person this round in crypto other than me. Last mania phase, I knew >10.

[Anonymous No.57956229]

>>57954067
I overheard a normalfag twitch streamer talking about how bitcoin is 72k so the top is getting pretty close

[Anonymous No.57956549]

>>57956195
People aren't as vocal about it as they used to be. This isn't a blackbox anymore, people grasp the concept of the blockchain/internet banking system which exists external to government... the problem is people buy bitcoin to make money, and something being $72,000 after having gone up 400% very quickly doesn't make people feel like they're buying the bottom.
The reason stocks like to split is to prevent that psychological barrier from building up in the average person, though it has nothing to do with the actual market cap or value... Just look at Berkshire Hathaway stock ~$600,000.
People want to get rich buying bitcoin, that's why they buy. Well the people trying to get rich buy tops, and the people who actually do get rich don't, this is a 100% purely psychological asset since the demand isn't going to come from any kind of use or application, so I'm assuming people now need to shoot for a million/BTC to start feeling like it's worth jumping in... but that would put the market cap at like Japanese National Debt levels so not exactly a screaming buy rn for the average person who doesn't think of it as money; 1 sat per coffee or something

[Anonymous No.57956723]

>>57954491
Kek happy your 1pbtid was this

[Anonymous No.57956794]

>>57956549
and since btc is not money and cannot be money, once it starts going down it wont recover

[Anonymous No.57957018]

>>57956549
Money isn't going to flow in now via people trading it on shitcoin exchanges. They are going to put a % of their 401k allocated into it.

[Anonymous No.57957148]

>>57956794
just like every other time right?

[Anonymous No.57957218]

>>57956195
I have friends who ask me about crypto becouse they know i live from it.. But nobody did buy. Then again i do not try to make them invest it would be easy way to lose friends..

[Anonymous No.57957241]

>>57956549
>People want to get rich buying bitcoin
This isn't 2013. BTC is too big to give a quick 10x now, nobody's in it for a quick buck. I'm in BTC for the same reason I'm in gold, I want it in my diversified long term portfolio. And now with etfs more people than ever have the same approach and seek 1-5% exposure to btc for a long term investment. The era of yoloing poorfags trying to get rich is over for btc, that's what shitcoins are for.

[Anonymous No.57957302]

first sell off around the halving possibly

[Anonymous No.57957329]

>>57954067
Looks like return to the mean.

[Anonymous No.57957355]

>>57957241
>This isn't 2013. BTC is too big to give a quick 10x now, nobody's in it for a quick buck
I don't think it'll be quick, but a 10x+ is definitely on the table. See >>57955740
If it mirror gold in any way, Bitcoin is going to go bananas without the ability to just "add more supply".

[Anonymous No.57957727]

>>57956794
>>57957148
>just like every other time
If the fed prints money, buys bonds (QE) and the interest rates go up instead of down then that will be a pretty radically different world for every human being on the planet.
>>57957241
Bitcoin is still about getting rich nobody just wants to own it they want it to go up. If Bitcoin were about to go to 40k would you still buy it? Central banks buy gold without giving a shit about the price because they want the gold they don't care about the dollars or fiat. People buy guns because they want the guns, food, gasoline etc... people buy bitcoin and are very interested in knowing the market price at any given moment.
I don't think people grasp what they might be doing to themselves if they actually have to use Bitcoin to buy something a lot of people want to buy, if things are not smooth sailing, if the interest rate is 20% again, like in 1980.