[a / b / c / d / e / f / g / gif / h / hr / k / m / o / p / r / s / t / u / v / vg / vm / vmg / vr / vrpg / vst / w / wg] [i / ic] [r9k / s4s / vip / qa] [cm / hm / lgbt / y] [3 / aco / adv / an / bant / biz / cgl / ck / co / diy / fa / fit / gd / hc / his / int / jp / lit / mlp / mu / n / news / out / po / pol / pw / qst / sci / soc / sp / tg / toy / trv / tv / vp / vt / wsg / wsr / x / xs] [Settings] [Search] [Mobile] [Home]
Board
Settings Mobile Home
/biz/ - Business & Finance


Thread archived.
You cannot reply anymore.


[Advertise on 4chan]


Someone tell me why would anyone buy BTC above the last ATH?
Unless forced to buy BTC, for whatever reason, only a very ignorant person would ever do so, as they would be the Greater Fool themselves.

That, or a person doing so with the intent of setting a new ATC, either for fun or for market manipulation manipulation.
>>
File: wearehere.jpg (20 KB, 563x332)
20 KB
20 KB JPG
>>58606948
>>
>>58606963
To expand on this, 2020 was the last election year in the USA and the party in power wants to do everything they can to make the economy seem as good as possible so voters will suck their dicks come November. After the new term starts, the winning party is like "yo fuck, we gotta turn this mess around, so we gotta hit dat shit hard with some policies the people won't like in order to get this economy bitch unda control, yo." So they hit it with hard to swallow policies and hope that these new policies achieve the desired effect of improving the economy in the long run before the mid-term elections come up. Then it just kind of rides until we start closing in on the next presidential election and it all repeats.
>>
File: 1710700184111238.png (1.52 MB, 5000x5000)
1.52 MB
1.52 MB PNG
>muh tulip, muh greater fool
Fixed Unit of Account, pleb.
>>
thieze are not mountainz, thieze are wavez
>>
>>58606948
>people who bought BTC at 21k were "very ignorant"
>people who bought BTC at 1.5k were "very ignorant"
>people who bought BTC at 30 were "very ignorant" because it was above the prior ATH at the time
You are always the dumbest mother fucker in every thread you post in and every room you stand in OP. Don't ever worry about what other people do, you could die tomorrow wining The Darwin Award in the process
>>
>>58606984
>>58607022
You always compare it to the past when it had way lower marketcap.
Around this level it's clearly very hard to pump
>>
File: Capture.jpg (122 KB, 1010x930)
122 KB
122 KB JPG
>>58606963
The points still stands.
This isn't specific to BTC only, it apply to many different types of markets. A new ATH must be set by:

1) the coerced: people forced to buy, for whatever reason

2) the ignorant: people who don't know that the price is already as high as it has ever been

3) the manipulators: people who want the price to be set higher

4) the faithful: past performance is not a guarantee of future market behavior
>>
>>58607164
I agree that the percentage gain won't be as large as it has been in the past, but it's still going to pump just thanks to the network effect and ETF support that is getting stronger and stronger leading to people feeling more comfortable to jump in and go along for the ride.
We've got China all lined up to start adding to the pot as well.
Hopefully governments, especially the US, will continue to clarify their policies to lead to even more people in.
I still have faith in the power law road map giving us a rough idea of where things are headed in the next five years. May required some tweaking to lessen the slope as we gain more data for further into the future.
>>
>>58607192
For sure. It's risk either way and in my mind that risk almost feels like 50/50 that we drop below the current price after the bull run, but my gut tells me it will be similar to 2020 where we dropped back down to just above where it was before the bull run such that this may be the last opportunity to buy it as low as it is.
>>
>>58607196
Well, I play the markets and invest as well, exactly because I am aware of point 1-4, but I NEVER buy at ATH.

I'm not touching anything that isn't in a bear market.
There are so many different markets out there, no point in riding a high tide, you want to board the ship when that water level is low. distribute small seeds everywhere, and some grow into trees.
I'm not saying that's the best strategy, it's just how I see the mechanics of the markets because I just don't understand the logic of DAC at any price, for example.
>>
>>58607192
FOMO. The whales push the price into price discovery and let retail hop on the ride
>>
File: 11546666498.jpg (173 KB, 1070x1078)
173 KB
173 KB JPG
>>58607022
see:
>>58607192

also:
>You are always the dumbest mother fucker in every thread you post in and every room you stand in OP.
I'm never on /biz/, maybe once per quarter I come here. It was today one of them.

>dumbest mother fucker
pic relevant
>>
>>58607206
>FOMO
so a blend of #3 and #4
disingenuous and toxic
>>
>>58607201
>I'm not touching anything that isn't in a bear market.
I can respect that and that's usually how I am, but this time I fall under the spell of the faithful due to reasons I explained here >>58606984 and I realize it is a gamble.
I am not going to DCA once we're over $72k. I'll be waiting to return to around this level in the next bear market to start planting my seeds again.
>>
>>58607219
Yes, I don't see it as being unreasonable if buying any place under ATH, and not risking an unreasonable amount of capital, especially if market structure is already in an uptrend. I do that too. We all have to agree that it is a gamble, no matter at what point you buy.
>>
>>58607192
1) ETF
2) ETF
3) ETF
4) maxis
>>
>>58607212
that's how all markets work. it's emotion driven.
>>
File: 1500x500.jpg (351 KB, 1500x500)
351 KB
351 KB JPG
>>58607306
>that's how all markets work
What does that say about markets though? Not all investors are well informed and not all act rationally according to that information. The markets are broken, and they are fundamentally not different from casino bets.

Again, I invest, and I trade, but I also look at things critically.
>>
>>58607374
so you're one of the smarter ones buying the fear and disappointment. Most people want to buy the hype and the green. People will like Bitcoin more at 100k than at 20k
>>
>>58607439
>so you're one of the smarter ones buying the fear and disappointment
I guess
I just wish someone found a good solution for this:
>The markets are broken
It's very sad to see something "work" thanks to the ignorance of so many. That doesn't "work", it's fundamentally unjust.
>>
File: vertical.png (144 KB, 1079x1046)
144 KB
144 KB PNG
>>58607192
Dullard. Debt based fiat experiences exponential decay in value, assets spend 99.9% of their time at ATH denominated in fiat
>>
>>58606948

For some people, it's a potential 2x.
>>
>>58607529
yes, fiat depreciation would fall therefore under #4
>>
>>58607529
Also, go fuck yourself, prick.
>Dullard
>>
>>58607604
Retard. Debt based fiat quickly (years not decades) becomes insolvent without contrast debasement. You are too dull to appreciate exponential factors, you and your ilk are why monetary expansion is such an effective means of exploitation. Continue slaving for my benefit, you will not be thanked nor rewarded for your service.
>>
>>58607617
Hold your tongue when addressing your betters, slave.
>>
>>58606984
yep. i hate demoocrazy. you gotta have mad cow's disease to believe it works.
>>
>>58607637
I can't hear you, get that cock out of you moth
>>
>>58607634
like I don't know that shit, dumbass,
#4, period. The future is always inherently unpredictable, period.
What a fucking idiot that you are, repeating the same shit when it was OBVIOUSLY already wrapped up in #4. Everyone here understood that, but you narcissistic shithead still had to try an one-up someone, typical.
Your eyes obviously cannot read well, they must be stinging from all that cum in them.
Go fuck yourself, piece of shit
>>
>>58606948
I will rather buy solid altcoins like DOT, NEAR, AAST and XRD than buy BTC at this point
>>
>>58607529
>>58607634
Even though that is a good general rule, the sheer number of investment types and the many different variables upon which they depend guarantees that some will not increase in value over time. Strictly speaking, for reasons too many to get into here, you cannot assume that any investment will maintain its growth patterns within a certain period of time, especially when investing in the very long term as in thinking about retirement. This is why diversification is advised. Companies can flop. Wars can disrupt entire nations and their economies. Commodities and companies can suffer technological disruptions, affecting their demand and/or supply. Agricultural investments are affected by weather. Real estate is affected by countless variables, etc. Office spaces and retail were a profitable business model until covid hit. Now entire downtown areas are vacant, like ghost towns, Gold had a 20 year-long bear market, imagine having counted on that as a retirement plan in 1980, only to be forced to sell in the red had you needed money before 2005. Platinum is another great example, it's been in a bear market for 16 years now. That's why you see the disclaimer that past performance, etc.
Also, too angry, we're not talking about your mom.
>>
>>58608012
>Commodities and companies can suffer technological disruptions
Yes, like quantum computer and cryptography. What a shitshow that would be if a sudden breakthrough would crack encryption algos.
>>
>>58607847
Dull as dishwater. Hand waving away the constant exponential decay inherent to debt based fiat with "future is always inherently unpredictable" is the dumbest fucking cope I have ever read. Continue slaving for my benefit, you will not be thanked nor rewarded for your slavery.
>>58608012
Yes, but the exponential decay of fiat guarantees that counterintuitively the nominal baseline is a logarithmic upward slope and not a flatline. Assets that manage nominal declines suffer either massive declines in demand or massive increases in supply as nominal demand increases exponentially by nature of monetary expansion. An asset at ATH is not indicative of future decline as assets spend almost all their time at ATH denominated in fiat.
>>
>>58608061
>load ze qc fud
Dull pathetic sidelined faggot.
>>
>>58608507
>An asset at ATH is not indicative of future decline as assets spend almost all their time at ATH denominated in fiat.
No one here ever claimed that.
Only the obvious is being stated, that assets can decline, and sometimes over very long periods ot time, and I don't think that's the goal of an investor.
But all of this is irrelevant. OPs point isn't about this specific conversation topic, it's about a larger phenomenon, which includes the factors you brought up as well, and I have to agree, they are contained in his #4, that is, betting on the historical pattern that you yourself observe, like all of us do. Faith that things will not deviate from the pattern that you described.
It's about the psychology of investment, if it's a theme you do not enjoy, you don't have to be here.
>>
>>58610000
>>58610000
>"No one here ever claimed that."
>Thread title: Why buy BTC above ATH?
You're a retarded disingenuous faggot.
>they are contained in "his" #4
No. Debt based fiat's exponential decay is fundamental to it's nature, it is not happenstance, it can't not happen. Nominal ATHs are completely irrelevant as they say nothing about real (money stock factored) value. You will never make it, you will always slave for me, you will never be thanked nor rewarded.
>>
Depends where you believe the top to be.
~140k? Buying now is a 2x in the next 12 months.
Index fund buyers wait years and years for that.
Me personally, I wouldn't pass up a 2x despite anyone who is bound to reply with some shit about x1000 on wankshit coin
>>
>>58610032
Excuse me, but where did the OP ever claim that assets at ATH do not go further up?
That's not the object of this thread, at all.
I'm sorry if you do not understand that, but it's very clear what the conversation is about, right in his opening statement. What are the reasons that a person would buy into an asset that is already at its highest price ever.

All else you said, you're entitled to your opinion too. Funny thing is, we're not even disagreent in regards to phenomenon that you expose, it exists, but it's not the only phenomenon that affects finance and markets.

And I'm talking to you respectfullyso I don't understand what yoir problem is with that attitude towards other people.

Yoi don't know the people whom you're talking to here. You think you got money? So what. I got plenty of money too, thank you. I can't even recall when was the last year I ever worked, but I don't call you a slave.
Stop being arrogant, maybe people will actually start believing you.
Peace
>>
File: 111465463.jpg (12 KB, 225x224)
12 KB
12 KB JPG
>>58606948
well same reason why i bought 3k on honkler, i see line, line go up? i buy, simple as
>>
>>58610100
>highest price ever
Nominally. Which is irrelevant, only real (factored) value matters, which is what you continually fail to grasp
>it's not the only phenomenon that affects finance and markets.
Real growth has been 200-400% since '71, nominal growth has been 50,000%, It's the only innate exponential factor, in-the-limit it IS the only factor that matters, why do you think index "investing" performs so well?
>p-plese stop hurbing muh feefees!
No. You are weak and stupid and deserve ridicule.
>>
File: Capture.jpg (51 KB, 773x807)
51 KB
51 KB JPG
>>58611132
>You are weak and stupid and deserve ridicule.
you truly are dull asshole.
It's all about timeline expectations.
I already agreed with you in fundament, as you are defending, but people do not live until infinity, they have to think about the timeline of their investments.
If you are investing with the intent of cashing out in a year, it's different than investing with the intent of cashing out in thirty years. The two are not equivalent in psychological strategies, what's so difficult to understand?
You sound like those fundamentalist gold bugs who bought in in 1980 and had to endure a lifetime of watching the price of gold getting dragged through the gutter, pic relevant. Many bet on the same exact premise that you are defending. That falls under #4, whether you like it or not.
They weren't fundamentally wrong about the idea, they just forgot they won't live forever.
Last post, understand it or not, I don't care at this point.
>>
>>58606948
It should be two hundred thousand united states dollars
It is currently seventy thousand united states dollars
Why would you not buy a $2 bill for 70 cents?
>>58607192
Brother you're pretty much always buying the high all the time in every market. Number go up. You get a discount here and there but you're always still on or just off the high. There's nothing complicated about this, it's just a TVM question understanding that time is a constant and unstoppable force.
>>
>>58611132
We get it, you like time-in-the-market over timing-the-market. That's your personal preference.
But you truly are an idiot for missing the point of the thread altogether, and getting all aggro over shit that others didn't even dispute. A true idiot you are.

You probably suffer from Agressive Borderline Personality Disorder. Sad, but not many such cases.
Ignore him, everyone. There's no point with that type of people.
>>
>>58613299
>You get a discount here and there but you're always still on or just off the high
Wrong assumption depending on timeline:
>>58608012
>>58613219
>>
>>58613446
I mean, think about it, no one would EVER short a market at any point in time, and I've made plentiful money shorting markets, shit, shorting BTC I have!
>>
>>58613458
That much is obvious to anyone with a brain still left in /biz/
>>
I personally like to buy an insignificant amount of BTC at ath, just for giggles, but I'd never seriously invest at ATH, I'm not crazy.
I know that every investment carries a risk, and I like ro minimize it.
I can't always time the market right, but I know how not to do something stupid when I sse it.
>>
>>58613446
I would never wait for an exceptional case to buy when I know the typical outcome.
>>58613458
Shorting broad markets usually is a bad idea. I'm glad you made money doing it, but know I also have made money buying highs, it isn't really relevant. I printed the ATH for tesla in 2018, look at it now.
>>
>>58607164
one trillion is literally nothing
if they decide to pamp it, they will PAMP it



[Advertise on 4chan]

Delete Post: [File Only] Style:
[Disable Mobile View / Use Desktop Site]

[Enable Mobile View / Use Mobile Site]

All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.