/biz/ - Business & Finance

After making some ok money shorting shitcoins and the majors, I've come to the conclusion that being a bear sucks ass

A) your pnl upside is capped
B) every crypto asset tends to nuke at the same time so you can't go from 5x to 5x to 5x like you can in bull markets, compounding is much harder
C) You gain very little clout from a nice short unless it's something like predicting the collapse of luna to go -99%
D) Similar to C, being Bearish publicly makes you unpopular when all your friends are praying for memecoin/altcoin season to last indefinitely

I genuinely dislike being bearish but I don't fight the market or the trend and it's one of the few ways to make money right now other than risking getting rugged on celeb memecoins or being a farmer dev.

>>18375463
I am upset I only bought 10 shares at 60. 600 dollars out of my 8k....now 7k-ish stack so was fearful putting too much in in case of down day. Silly me. Still waiting for next dip to buy more though, no way am I putting in more today when it looks like all hell is about to collapse soon enough.

Market will go down Monday and break 18k on the DOW, first circuit breaker tripped. Then rise plus 500 by the end of the day because Trump will announce either this Sunday or the press conference Monday that bailouts are coming. It is going to crab again, screencap.