/biz/ - Business & Finance

[Anonymous No.7944688]

Taking a look at the weekly charts before bitcoin even got into a bubble, the mean of this is somewhere between $500-$1000 before it took off last year to unprecedented highs. It would've been priced around $1000 by now if it was allowed to rise in a normal fashion. Will Bitcoin even drop further than that now considering the bubble has popped?

[Anonymous No.7944709]

>2015
>2014
>not taking 2010 price into calculation

[Anonymous No.7944712]

[Anonymous No.7944715]

>>7944688
You're on to something OP. This is obviously in a bubble and it will crash back down to Earth. Buttcoiners are just in a denial. No asset class on Earth rises more than 2000% in a span of one year unless of course it is a bubble, which is what it is.

[Anonymous No.7944716]

>>7944688
>bitcoin mean is 1k
*yaaawn*
(you)

[Anonymous No.7944724]

>>7944688
>>7944715
Daily reminder that it's just going to drop like a stone in the weeks to come. I warned you kekcoin fags but you wouldn't listen. Enjoy your bags.

[Anonymous No.7944732]

>>7944688
m8 the mean is $40

[Anonymous No.7944733]

>>7944688

I have a nice chunk of USDT on reserve, why the fuck should I be scared?

[Anonymous No.7944740]

>>7944444

[Anonymous No.7944743]

>>7944709
2014 was the first time bitcoin was exposed to the normies through exchanges. Why would we include the years where only geeks and idealistic anarcho-capitalists living in their mom's basement had them?

[Anonymous No.7944758]

>>7944688
>not using geometric mean

kys

[Anonymous No.7944775]

>>7944758
>being a delusional HODL faggot
kys

[Anonymous No.7944776]

>>7944688
> Using linear scale instead of log scale on a growing market

Meanwhile, on a log scale, the January crash looked EXACTLY like every dip before it.

Pic related (repetition of the previous patterns on a log scale shows it can go up as high as 70k then crash all the way down to 15k... I think that kind of crash would create the most epic pink wojaks ever)

[Anonymous No.7944794]

>>7944688
> Using linear scale instead of log scale on a growing market

Meanwhile, on a log scale, the January crash looked EXACTLY like every dip before it.

Pic related - repetition of the previous patterns on a log scale shows it can go up as high as 70k then crash all the way down to 15k... I think that kind of crash would create the most epic pink wojaks ever.

[Anonymous No.7944797]

>>7944715
Big if true

[Anonymous No.7944809]

>>7944776
>>7944794
>you should use arbitrary log lines instead of REAL prices so it can fit my preconceived worldview and denial of things
Holy shit the absolute state of /biz/

[Anonymous No.7944831]

>>7944809
>exponential process
>not using log

Brainlets gonna brainlet I guess.

[Anonymous No.7944846]

>>7944831
>MUH BTC will only go exponentially up!
TO THE MOOOONNNN!!!!!

Z

MUH SKIMPLETONGS!

SHH!!!

[Anonymous No.7944855]

>>7944688
lol you havent done any math. Ive done all the math and the floor is 4k. go suck a dick maybe youll be better at that than pretending to understand math.

[Anonymous No.7944858]

>>7944831
>the absolute state of /biz/
Top kek.

He's the one who said to use log scale brainlet. Are you so in denial that you can't even read now?

[Anonymous No.7944866]

>>7944733

>has $0
>hoping for a cryptocurrency crash

wew

[Anonymous No.7944867]

>>7944794
Yeah bro it'll go up forever bro, this time it's different bro.

[Anonymous No.7944877]

>>7944809
> log
> "arbitrary"

> doesn't even know log scale shows increase by PERCENTAGE instead of a linear amount
> calls it "arbitrary"
> doesn't know many technical traders use log scale because the scale is by percentage change, and percentage is what matters to REAL traders

[Anonymous No.7944879]

The floor is X

[Anonymous No.7944886]

>>7944688
gold was worth ZERO for more than 13.7 BILLION years
when will people see the bubble for what it is and sell before the reduction to the mean of $0.00000001 per tonne?

[Anonymous No.7944895]

>>7944867
Of course it won't.
But the housing bubble popped at $6 trillion.
And the dotcom bubble popped at $6.2 trillion.
This bubble isn't even anywhere near a proper bubble's size.

[Anonymous No.7944905]

>>7944716
>>7944794
>>7944831
>>7944855
>t. cuckcoiners who bought at 20k

What makes you cockroaches come out in threads like this and become so angry because someone posts bitcoin might go all the way down to Earth? Just because you bought at a loss and lost more than 50% and need it to desperately rise so you won't go in the red anymore won't change anything.

[Anonymous No.7944909]

>>7944733
If BTC goes down that much, there's a real chance that USDT (tether) goes bust. So instead of having $40 dollar bitcoins, you'll have $0.

[Anonymous No.7944911]

>>7944866
>cashing out to fiat

You only lose money that way when the banks rape you with fees and the taxman wants his cut.

[Anonymous No.7944934]

>>7944877
Yep it will only go up! 100k eom! Any minute now. Any minute now.

[Anonymous No.7944935]

Money skelly wasn't joking when he said crypto may goto zero. Imagine the price of BTC going to 2k or lower...that'd lower the price of everything, some projects may even goto zero...and desperate times call for desperate measures....projects will head for the exits trying to cash out, snowball effect.

[Anonymous No.7944961]

>>7944905
>>7944934
I bought in at 1k back in March, sold at 16k on the way down from 20k (because it went crazy parabolic before), and rebought at 6k when it kept falling and felt like there was no floor.

I'm not a daytrader, but I do trade when I feel a VERY DECISIVE bottom or peak. And I haven't felt a "decisive peak" (like 20k) or a "decisive bottom" (like 6k) to make me sell. These stupid fluctuations are nothing.

This bubble is not even anywhere near the size of all past bubbles.

[Anonymous No.7944976]

>>7944905
>-96% -98%
yaaawn yes anon yes yaawn (you)

[Anonymous No.7944986]

>>7944961
>This bubble is not even anywhere near the size of all past bubbles.
And Tulip Mania had nowhere near a $6 trillion dollar cap for it to crash down. Same with the 1929 stock market depression. You assume "true" bubbles only form because they reach a "true" market cap. You are reaching and dreaming.

[Anonymous No.7945001]

>>7944935
>some projects may even goto zero
Some projects WILL go to zero, but I believe others are here to stay. There is a real chance that they lose 90% of their current value, although nothing is certain, it could rise too. I don't care, I'm just backing projects I believe in, so even if my money disappears, it will have been for a good "cause".

[Anonymous No.7945004]

>>7944895
While blockchain is interesting technology, it's potential is way lower than something like the internet which changed the way humans live for forever, bitcoin will probably remain as a different paying method but that's it. The dotcom bubble took place on stock exchanges, and even grandpas were willing to take part in it, these same grandpas aren't putting their money in something most institutions are FUDDing to hell. I'm sure theres still money to be made in some interesting alts, but the top marketcaps, including bitcoin have to come down first, because the interesting alts will be bleeding to death meanwhile.

[Anonymous No.7945027]

>>7944724
Die in a fire faggot

[Anonymous No.7945037]

>>7945001
I look at TA and FA. The good projects will last through this bear market. Look at the narrative, right now crypto is overvalued? Why? Because the projects are still in development...when we see usecases being put to use and we see some form of adoption then a new market cycle will start. The scam projects that dont meet any milestones will fail. But right now, crypto isn't being used. The market has given money to people who will make it useful and that will be a few years down the line.

[Anonymous No.7945039]

>>7945001
Which is why investors should separate ideology and philosophy with investing. You can be ideologically, emotionally and ideologically invested in a project but if you want it to succeed, then you better participate and be hands-on in it. Not only will you have contributed, you would have accomplished something big if the project succeeds.

If you just want to throw money at it and grow your portfolio, then it's a whole different ball game. Ideology and philosophical leanings won't matter if all you are after is earning money. Those two won't mean a damn thing in investing.

[Anonymous No.7945081]

Good Night Sweet Prince. See you in 2 years. adio. Bears be gunning

[Anonymous No.7945159]

>>7944733
>he thinks USDT is safe

[Anonymous No.7945182]

>>7944688
Actually, the real value of BTC should Be at 100k per coin. Because I will it

[Anonymous No.7945205]

>>7944986
>>7944986
I don't need to "reach and dream"
I've already "made it" and have cashed out half of what I sold at 16k (essentially more than enough to be set for life).

But I am not a "believer in the tech" or a "hodler", I don't really care I'm just here to make money. And I recognize that this "bubble" has another leg up in it, and I'm gonna make more money on that, without being a daytrader watching all the daily moves or whatnot.

Once it goes parabolic again, I'm out like I was at 16k.

Go defend your "this is a bubble it's going to zero" belief all you want. I never believed anyone except my own instinct, which told me to buy at 1k, sell at 16k and rebuy at 6k. All I care about is making money, I don't care about proving anyone wrong or right.

[Anonymous No.7945207]

>>7945004
>changing finance won’t impact people as much as the internet

[Anonymous No.7945229]

>>7945037
That depends. Syscoin for example is bringing out their webmarket in the coming weeks. That will be the first legit usecase any crypto has. Because of that they are getting listed on Canadian stock exchange.

Most techbased crypto's are just mere ideas that will not find implementation in the real world for at least the next decade. And even then, only 1% of the coins out there will be actually used.

[Anonymous No.7945233]

>>7944895
the dot com bubble was 6 trillion

[Anonymous No.7945240]

/r/ buttcoiners losers raging on /biz/
HAHAHAHAHAHAHHAHAAHAHAHAHHAHAHAHAHAHAA.
BTC will be $40,000.00 in 4 months.

[Anonymous No.7945263]

>>7945004
I don't think the "impact on the world" is what matters here. I think all whales see this as is a way to make money off of the normies.

And all they need to do to reverse the negative sentiment by all the 20k buyers is to wash trade the price all the way up there again.

As long as there's still money to be made, I expect the market makers to push another bubble sooner or later, as soon as they are done accumulating for the next leg up.

[Anonymous No.7945326]

>>7944688
The value of Bitcoin has been erroded by the bubble. Because this bubble caused transaction fees to skyrocket making it useless as a means of transaction.

Metcalfe's law states that the value of a network is proportional to the amount of users squared ( V = xU^2 where V is value, U is users and x is a coefficient). If the number of users drop, which has happened, the value of the network drops to.

If the actual usage of Bitcoin's network drops to zero or close to zero then most likely so will the value of Bitcoin itself.

Regarding the trendline, well like I mentioned above, the value growth or decline of Bitcoin is exponential, not linear, once again look up Metcalfe's law.

[Anonymous No.7945345]

>>7945326
using this logic BTC should never have grown in the first place

you are retarded kys

[Anonymous No.7945360]

>>7944905
because ive done the fucking math and 1k is not the floor. 50 to 1000 is 20x... 1000 to 250 is -4x... 1000 to 20,000 is 20x... 20,000 to 5,000 is -4x...

OMG ITS SO MUCH FUCKING MATH THAT WAS SOO FUCKING HARD OOO MY GOOOODDNEEESS!!

5K IS THE FUCKING FLOOR RIP ALL 1K KEKS.

[Anonymous No.7945364]

>>7945207
You're greatly overestimating the amount of people that would prefer to use bitcoin over fiat, as long as big online retailers won't accept it, it's going nowhere. If it happens though i'll be going all in, most people entered crypto out of greed not out of idealism.

[Anonymous No.7945373]

>>7945364
This. Crypto isn't changing anything any time soon. As a form of currency it already fails.

[Anonymous No.7945376]

>>7944895
Think about Manhatan. It was bought for chest of glass beads so it is worth exactly as much.

[Anonymous No.7945389]

>>7945345
It's fascinating that so few people understand math. I mean this is 100 IQ level of math. They teach it to niggers in Africa but somehow retarded fucks like you never managed to learn it.

[Anonymous No.7945432]

>>7945326
Hm, didnt know this. Thanks anon. But yeah, look at the mempool. BTC is hardly used. It'll be a tech used amongst nerds to buy things online. And that's only a handful of nerds, even in the millions. The true value of BTC is probably <1k.

[Anonymous No.7945436]

>>7944688
>tfw we're still going on mean.
>tfw we're at first sell off in your meme chart

[Anonymous No.7945454]

>>7945436

also this.

[Anonymous No.7945531]

>>7945436
>being this deluded

[Anonymous No.7945581]

Rate my arbitrary attempt at trying to draw an unbiased mean line

>>7944688
You're basically retarded for trying to use linear charts to figure out the mean. So far logarithmic charts follow a straight line pretty nicely

[Anonymous No.7945924]

>>7945581
>being this hopelessly delusional.
Keep HODLing man. I'm sure you will make it big some day.

[Anonymous No.7946036]

>>7945924
I wasn't even saying it's gonna go up, retard

[Anonymous No.7946257]

>>7944688

[Anonymous No.7946442]

>>7945581
>>7946036
>his logarithmic meme charts say it's going to go up
>b-b-but I didn't say that!
Holy shit the absolute coping state of HODL fags.

[Anonymous No.7946471]

>>7945004
The fudding will stop once (((the media))) decide to shill bitcoin as a solid, non volatile investment. This will happen once its at 100-300 k. Normies, ans by that i mean 50 year olds, will start to buy derivatives. When the true bubble pops, only those holding the real asset, not some banks promise, will hold onto any real value. Just like during the housing bubble, where the only ones not affected where those that truly owned their houses. Sure, rhe house lost value, but it was still a house.

[Anonymous No.7946481]

>>7946442
Dude are you sub-80 IQ? My "meme" chart suggests the mean might be somewhere under 3k. Off yourself

[Anonymous No.7946508]

>>7946481
Mm-hmm. Sure, sure Mr. HODL

[Anonymous No.7946528]

>>7946508
>agree with retard on a point
>he still thinks you're arguing against him and thinks he won an argument

[Anonymous No.7946536]

>>7945004
You lack vision

[Anonymous No.7946545]

>>7946442
...are you really this stupid?

I'm not even the same guy, but his line points to the MIDDLE of $1000 at $10000, which is actually around $3200 on a log scale (Pic related)
> being this dumb
> wants bitcoin to go to zero SO HARD
> cant even put in the mental effort to figure out what a log chart is

[Anonymous No.7946570]

>>7946528
I think he's larping as a brainlet but who knows on /biz/.

[Anonymous No.7946580]

>>7946528
>>7946545
>>7946570
>Oh noes what is happening to my investments?! ARRHH!!!!
>I know, change some axis and lines, that will always work
Mm-hmm. Ok, ok.

[Anonymous No.7946619]

>>7946528
>>7946570
I think he's geniunely stupid and doesn't understand what a "log chart" means.

All he understands is that is should go to zero.
Even $3000 is TOO HIGH for this brainlet.

[Anonymous No.7946622]

>>7946570
>>7946545
I just don't fucking know, do people like this really exist? >>7946580

[Anonymous No.7946623]

>>7944905
C'mon bro, some people here bought at 20k, we need it to go back up. Stop being so negative.

[Anonymous No.7946659]

>>7946623
We've already found two of them so far:
>>7946619
>>7946622
Pic related

[Anonymous No.7946692]

>>7946659
Re-read >>7945205
I'm set for life, several times over.
Bought at 1k, sold at 16k, cashed out half, and rebought at 6k.
At this point you're obviously just trolling.

[Anonymous No.7946725]

>>7944794
>a growing market
Nice try sweaty. But market volume and market depth have both spiraled into the shitter. The market isn't growing. Log scale is irrelevant.
The market depth at the 6k mark shortly before the crash back below it is now held at the 2 dollar level. BTC is dead. Anybody buying it right now is a special kind of retard. Like full potato wearing a helmet on the short bus retard.

[Anonymous No.7946736]

>>7946692
>I'm a STRONK indepdent crypto trader who need no gubmint! HEAR ME ROAR!
Yeah, that's you.

[Anonymous No.7946764]

>>7946736
Fine, here's a (you). Happy now?

[Anonymous No.7946769]

>>7946725
I don't pretend to know where the market as a whole is gonna go. But currently crypto is one of the only interesting places to shove your spare money at - stocks might go up 10% but also might crash 50% and unironically literally everything is in a bubble. Not the best time to go all in on crypto but I still wanna have some exposure to it.

[Anonymous No.7946795]

>>7946769
That's like deliberately exposing yourself to radioactive wastes in the hopes that you become The Thing.

[Anonymous No.7946800]

>>7946736
>I'm a STRONK indepdent crypto trader who need no gubmint! HEAR ME ROAR!

[Anonymous No.7946815]

>>7944831
I agree. If it were some dumb shit like tulips, OP would be right, but this is the vanguard of a paradigm shift.

[Anonymous No.7946822]

>>7946736
And your point is?
I don't even see what you're trying to argue for here.
At this point, it just looks like you're trolling to get the last word.
You can have it, I'm done responding.
You already advertised how stupid you are after calling the other guy who said it's going to $3000 a HODLer
Do you even know what the current bitcoin price is?
Retard.

[Anonymous No.7946861]

>>7946822
>t. person who watches his "investments" get wiped away
Why so salty bro? Your "crypto trader" independent tears are delicious.

[Anonymous No.7946869]

>>7946795
Very witty. Tell me, where else to put it? Precious metals, equities, houses are in a bubble. Crypto is something outside of the system. I'm having most of my money in fiat and some crypto to benefit from a speculative market.

[Anonymous No.7947000]

>>7946815
>crypto
>revolutionary
It's simply just ledgers of transactions. You could do the same thing with a piece of paper.

[Anonymous No.7947023]

>>7947000
Yeah but a piece of paper doesn't BTFO the illuminazis

[Anonymous No.7947034]

>>7946471
How will it get at 100k though? It's simply not getting there before you can buy groceries and pay online with it for something else than drugs, and no overstock isn't enough. Speculation won't be enough, from 50k onward you start getting stock tier gains. At that point you might as well invest in stocks, which aren't as risky.
>>7945263
Volume AND amount of transactions are lowering though.
>>7946536
By now most people who matter have heard of it. Where are the other visionaries going to come from?

[Anonymous No.7947050]

>>7946861
> t. salty wagecuck who never made money in crypto

Pic related.
10 years living expenses, only 10% of my net worth (NOT counting crypto) that I keep liquid for emergency purposes.

BTFO nocoiner that can't figure out the market

[Anonymous No.7947097]

>>7944886
I come here for the cooping, thanks anon

[Anonymous No.7947125]

>>7947050
Or you just bought a bag of de-circulated bills of the darkweb so you could LARP as a baller.

[Anonymous No.7947127]

>>7947050
Yeah, yeah. You bought at 1k, sold at 16k, cashed out half, and rebought at 6k. It's not the first time we've heard of it. Also

>scrambling to get his paper money in order to take a picture
>took him 6 minutes so he can boast about it to some anon on the internet.

Holy shit, LMAO. You're a sad and lonely individual aren't you?

[Anonymous No.7947149]

>>7947125
The fact that he actually took the time to prepare his bills so he can just take a pic of it to boast online on some anonymous board is what makes it hilarious (and pathetic) in some sad kind of way.

[Anonymous No.7947175]

>>7947149
Like I said they are probably de-circulated bills. People working at some of the facilities where they are supposed to be destroyed will sometimes steal them and sell them on the dark web. Highly illegal and you'd likely get caught if you tried to buy more than a cup of coffee with them

[Anonymous No.7947207]

>>7947127
Make all your assumptions about me.
I also have a 10/10 model gf, and just spend my days travelling wherever and doing whatever I want.
I've proven myself, I'm not a /biz/ LARPer, your turn.

If you can't even take the time to listen to someone who has proven they can make money telling you how, you don't deserve to.
Troll away, I've wasted enough time on you, bye.

[Anonymous No.7947214]

>>7944688
"its never going to drop below 10k again"

[Anonymous No.7947235]

>>7947125
I'd sign a message from an address with over 200 BTC but /biz/ seems to find a way to make you a larper no matter what, and apparently, proving myself is "pathetic", so I guess I'm never doing that again.

[Anonymous No.7947264]

>>7947235
>I'd prove it to you but you wouldn't believe me anyway so I'm not going to.

[Anonymous No.7947276]

>>7947235
>>7947235
You should post the pic of your hot 10/10 gf, you know, just to prove us wrong.

[Anonymous No.7947292]

>>7947023
Kek.

Hence kekcoiners are delusional.

[Anonymous No.7947359]

>>7947264
K you got me.
I'm a larper with 0.01 btc to my name
I actually spent money to buy de-circulated bills
^ this is hilarious btw, I mean you actually imagine someone would go so far as to buy de-circulated bills just to take pictures

[Anonymous No.7947396]

>>7944688
When brain damaged OP doesn't understand the cost of mining

[Anonymous No.7947442]

>>7947396
>I took $20 worth of food yesterday
>therefore my shit should be worth $20
I think the only one brain-damaged here is you.

[Anonymous No.7947700]

>>7944794
>>7944809
he makes a good point tho

[Anonymous No.7948378]

>>7944733
If you're ever feeling suspicious of Tether, as many are, consider NuBits. I have no idea how it works, but it's fixed to the dollar and decentralized.

[Anonymous No.7948487]

>>7948378
Wow! Thanks anon! These NuBits sound much less likely to be a scam.

[Anonymous No.7948917]

>>7948378
explain this dip right now
it goes down to 18 cents and lasts for over 3 months, why should anyone buy this?