We are unironically at the beginning of a new market cycle. Once this formation plays out we could see a larger cup and handle that will send BTC to 100k.
>But muh ETF's will get postponed/denied
ETF's have become irrelevant since the NYSE announcement. Whales/insiders understand this, yet the general public seems unaware of it right now.
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what NYSE announcement
that they want to list cryptocurrencies. its not new though. they said the same thing around april i think
So high. 1to 5. Are you for real? Go look at 2014 and other markets. There NEEDS to be and has to be a period around a month of a flat trend. 1k max up and down. Over a period then a slow and steady rise. Not this go back to pleddit
I don't understand how this would work, are they implying they would implement infrastructures for trading of physical bit coins?
>general public
>crypto
idk i never traded on nasdaq or things like that. i guess it would just be like binance.
Who cares about BTC? BCH is where it's at
Unless we've still been in a bull market this whole time and nobody realized it.
BCH will go up like most alt coins when BTC goes up (though some will lose value relative to BTC and others will gain).
Also Starbucks
it is completely different, your holdings are merely a record on (((their))) database, you cannot for example literally withdraw your stocks to a private wallet or send to another exchange because they do not exist. An NYSE spin off for pajeets I can get, like a branded binance, I just can't really get my head around them actually implementing crypto to their current system, if they did this it is a big fucking deal.
>ETF's have become irrelevant since the NYSE announcement
Yup. ETF's are such utter small fry combared to NYSE providing a platform for retirement Boomer bucks to come in as well as the Starbucks adoption which will push it totally into mainstream normie awareness.
Nice meme lines but you forgot the 4+ months of sideways movement after we hit the bottom one last time.
under normal conditions I would agree with you, however this market is so small/low volume that it won't take much to break the usual cycles. For instance, imagine ETF's actually do get approved in August (against all odds). The NYSE announcement is bigger than an August approval of ETF's and nobody realizes it yet.
bigdogg said btc will never be above $15k ever again. Considering he called the bust perfectly I'm inclined to believe him.
Crypto is finished.
I remember when the CME news was supposed to be bullish. They shorted it into the ground.
it's just a wealth transfer. it could be above 30k. when someone decides to buy huge amounts and hold it for a while to lessen the supply. And the cycle goes on.
desu everyone who had been in the market for more than a year saw it coming. Personally I sold my BTC in december but held onto my alts (which i sold in Jan). I've been DCA back in since June.
Making wallets more accessible to traders on the SE
>makes sense
Flags point to rebound
>makes sense
Proliferation of Crypto traders in last 2 years could have caused bull/bear market trends to start being predictable enough
>makes sense
Robinhood already lets you trade cryptos and other trading platforms will follow suit
>makes sense
Starbucks Adoption as well as other mainstream companies allowing it as a payment option
>makes sense
The market perception of Crypto has shifted to a similar position of gold/silver, being that it works as Market Collapse Insurance
>makes sense
The tech bubble bursting in the next four months could increase the value of such “insurance currencies”
>makes sense
But you know “ur stoopid boomercoins can’t cum back, eet too hart to eemplamint”
4.8 million 2020
Zoom out
I've literally got 14 months in this picture lmao. How zoomed out do you want.
Of course, anyone bullish on that did not actually think about it. Anybody who wanted to buy bit coins could do that on any shitty exchange or through private deals, they could then go and secure the bit coins themselves. For big players, the only goys with access to the CME bit coins futures, this is fucking easy, if any of those faggots wanted bit coins they bought them already. What none of them could do previously was short them because that would mean trusting large sums of valuable, trusted fiat currency with some hack job like fucking bitmex, CME / CBOE opened the first chosen people approved doors to short. The only reason it hasn't been terminal is because institutions with access don't give a shit.
ETFs will be much fucking worse, push comes to shove for every fuckstick boomer who has been laughing at us this entire time. You will get some percentage that just needed a familiar way to buy, but the vast majority of boomers don't and never will get it, i can confirm they will larp as smart money and get their shorts in. The prophecy will self fulfill and it is over for real and forever.
Shut up and zoom out
bullshit
Either the internet money can somehow stack up against traditional valuation methods, by at least actually being used, or new meme methods come into broad acceptance. Both possible, but neither are going to happen in any timeframe that matters.
none of what you wrote is true, or relevant to bitcoin.
except new exchanges opening.
all shorts will get squeezed into submission without mercy, you brainlet
By fucking who? Pajeets that suck dicks for $1 each?
probably bitmain
ETF approval is against basic logic and reason. Won't happen.
valid
>bigdogg
>literally who
Some guy on TV with literally one chart. GTFO
Nice, just bought 100k
>There NEEDS to be X
you're not going to make it user
wow, 100k bitcoin or 100k worth of bitcoin?
i zoom out your moms gaping asshole
>governments matter in bitcoin
>muh normies
Why are you poor subhumans so concerned with normie adoption? Normies have no money you dumb fucks. Then again, this is why you are, and will continue to be, poor.
How do you expect to make any money in this market when you don't even know about important crypto related news?
damn dude she's dead :(
That's why i never took this "normies adoption" seriously
by buying in 6 years ago
Both, first 100k USD and after that he bought 100k Bitcoin, for a total of $700,100,000 USD in Bitcoin cryptocurrency
Nice altcoin bro
>fortune.com
>pic related
>lack of volume tends to make price fluctuate less causing 4 month periods of little/no price change
>support.robinhood.com
>cnbc.com
>read half the threads around, there's almost always someone saying it's better than fiat currency and can be used when economic system collapses
>cnbc.com
you people are so fucking stupid it actually hurts. keep being NEETs. And if you're going to say i'm posting false info, refute what I'm saying you goddamn turbo tard.
sorry got caught up in the moment, here's your flags picture. I hope you choke on it
How is it possible so fast? Last time it took 4 years to create formation like this, and now after few months the chart looks like this before the bubble?? Someone explain
more people playing the game fuckstick. remember how mainstream investors got in on the last part of the previous peak?
More volume means greater price fluctuation.
Just fucking read this
clearly 2014=/=2018
>ETF's have become irrelevant
Agreed. This latest dump was to jettison all the dumb money that got excited about an ETF. Keep going down is a good thing at this point so when it gets denied its already priced in. Any even remotely promising news about it will pump.
The cup hasn't even formed you fucking brainlet, it hasn't even flattened out a bottom. Never post your idiocy on biz ever again
You idiots need to stop comparing the death of Gox to today. If there was a point where the entire BTC experiment died, that was going to be it. If you think its going to mimic that again then you are going to miss the boat like a sap. Stop thinking like a pleb.
The bottom was 6k.
>Random monkey gypsy prophet predicts outcome of global game
get ready for the pump, 7k new bottom confirmed.
Mtgox people get their coins back this week. That means thousands of people get hundreds or thousands of btc they paid
source?
You can ask any broker for your stock certificates and they are legally mandated to provide them. You can sell them off the exchange if you want.
The news. And knowing people.
ie fuck all? give some proof
google.co.uk
But this article is bullshit. I know someone who is a creditor who actually lives in japan and he says he’s getting his coins back this month.
Wave 2 bottom is september btw
not next week, next year
Wrong. @Marius_landm has been telling us all year that we're in a crypto bull market and the stock market is crashing.
I mean @Landm_marius
When is full completion expected?
which "mainstream investors" loool
ta says we havent reached the bottom yet
we got a 4h macro bullish bart forming
give it a few days.
i screenshotted this yesterday and so far it is staying true
EW is for brainlets
A random guy told me that BTC is going to be 5 trillion by the end of the month. Must be true guys
It has to Flatline for months on end. It’s called the bottom of the bowl. Still looks like a healthy downtrend from here.
>magic lines
It should flatten around 4K. Don’t worry you’ll have 4months to buy at that price and if you don’t have lots of time to buy it means we still have more room to go down.
this is how the chart actually looks like with the correct lines.
retest of previous resistance failed, we're going down