/biz/ - Business & Finance

yeah i mean how many times do you get the opportunity of a lifetime a second time? bitcoin cash is that second chance for everybody that missed out on bitcoin the first time they heard about it.

a lot of people on /biz/ are going to miss it once again basically just because of memes

Let me explain to you what happened.

1) Whale leveraged the SEC ETF decision delay to dump and drive the price down

2) People get scared and this causes a chain reaction

3) Whales buy at the bottom, which triggers an upswing. "muh day traders" get fucked or suffer anxiety attacks, holders come out neutral, and whales win (just live in every economy)

4) TIME-WISE, WE ARE HERE

5) We see recovery to maybe 7k or so.

6) ETF announcement by SEC gets delayed, AGAIN. This is obvious to anyone who actually follows the news, but the whales will ONCE AGAIN use this as an opportunity to take a massive dump.

7) This is when we see 5k, possibly below 5k.

8) November. BAKKT is released. Crypto skyrockets.

Right now you have 3 choices:

1) sell and leave crypto, and be like the guy who sold all his bitcoin for 12 dollars and be bitter the rest of your life

2) Try to day trade and short and long like a fucking idiot and be at the mercy of whales and unpredictability the world has never seen before. Quick investment lesson: options trading is for traditional investments because they AREN'T volatile ENOUGH. You're supposed to be adding risk to non risky investments, not add risky to the riskiest, most insane investments. I have a theory that a lot of the shorter/long idiots here are paid shills by these new crypto leveraging companies... You'd have to be a fucking idiot to play options in crypto.

3) Hold and win.

BONUS) crypto actually goes to hero and we all kill ourselves.

THE CHOICE IS YOURS.