/biz/ - Business & Finance

Bitcoin always has its best and worst times around the holidays when NEET faggot autistic retards have to face their family and explain why they lost their family 99% of their money, which leads to fighting, which leads to punishment-selling. This is the only fundamental I trade on and I'm up 400% this year longing and shorting based around this trading strategy. Mentally simulate the average family discussion around a financial instrument to determine what direction it will go in. Best of luck from the .0001% of traders who made it and Happy Holidays.

>>12210847
If you're an MBTI chad ENTP try to think about what the INTJ/INTP/ENTJ chadlet hive minds will try to come up with for an argument/excuse when confronted about their losses. Only ENTP's can simulate the future accurately, the other NT's are our insect slaves. Never forget this. They will likely convince their family after some fighting that now is a good time to buy in. There will be a lot of volatility and consolidation within the next 3 weeks but ultimately by end of January/early February expect the mother of all declines. We're talking another 50% decline in global crypto within a matter of weeks. This will be sped up by Trump's PnD of the US economy reaching the end of its rope. Expect an impeachment of Trump and Hillary winning in 2020.

>>12210892
lol how is Trump going to be impeached when Republicans control the senate? How stupid are people if they think this is going to actually happen.

>>12210828
My guess is down 3-4%. Trump has gone crazy

>>12210895
>"Republicans"

Boomer/gen-X spotted

>>12210907
huh?

>>12210847
>families fighting drives the price of bitcoin
>>12210892
>those fucking four letter personality codes
/biz/

Is nobody worried about this? Retailers are having a terrible Christmas, online and offline, construction is slowing, consumer spending has peaked, the stock market looks set to plunge, interest rates set to rise twice next year...if the market dives on Monday do you know what'll happen to your gibs in the next year or two? There wont even be a wage cage for you to slave in.

Somebody figure out some meme lines for real markets (no crypto ITT) and tell us it'll all be ok

Nasdaq being evaporated, Tokyo, L O N D O N, Shanghai going down. Plus all what >>12211103 said.

P-Please, someone tell me it's all going to be ok

they wouldn't crash it the day before christmas. it's part of the gentlemans' unspoken stock market rules

>>12211361
no, you're fucked

>>12210892
>he belives in the beta male version of astrology

>>12210892
You are too low-IQ to post here

>>12210828

>>12211103
Sell everything for bitcoin and gold. Cash out slowly to buy foreclosed properties in the middle of the coming recession.

>>12212298
Go back to pol fag.

>>12212316
Are you trying to imply biz is smart. I haven't seen one successful bizzer in the past year, not a single one. All have failed except me, your superior.

>>12211392

>>12212394
I just can't accept that Bitcoin will be seen as a safe-haven during a bad crash. Yes, maybe in the middle of a long depression it might become useful for capital flight (as in Venezuela), but otherwise, I'm worried about holding crypto.

Crypto is a minor concern though, everything looks grim right now.

>>12211392
this.
But smart money is already moving

>>12210892

#hilldawgs feel strong about a drop and democrats are always wrong, no exceptions

>>12211392
>>12213040
I don't know if you're joking about a Gentleman's rule or not, but if it's been down week after week, surely in the week when markets are closed for holidays...traders will be twitchy.

Can anybody here gauge sentiment from after-hours trading?

>>12213032
Bitcoin is a meme but since it's the first pure meme that can be easily bought and sold it will never die. The most expensive things like the original Mona Lisa are so because of their memetic properties not anything physical.

I could cheat my taxes right now by buying bitcoin with my bank account and selling back after the new year, they only check the bank balance over here and I would guess many countries do something similar. The more traditional markets fail the more pressure there is to hide profits.

>>12210892

so what you're saying is sell in January, got it

>>12210892
>Expect an impeachment of Trump and Hillary winning in 2020

>>12210828
shhhhhh OP, don' you want to part of the smart money for once?

>>12211103
>Retailers are having a terrible Christmas, online and offline,
Citation needed

>>12213331
E.g. in the UK Debenhams and M&S are both closing stores, while ASOS (their online competitor) are not performing. Their share price plunged 40% last week. Consumer spending peaked in the summer and is in decline.

>>12210828
Hedge funds are rebalancing their portfolios next week by dumping over $60B into equities just in those final trading days. Everyone on TV is screaming how the sky is falling and it’s time to sell while the CBOE put/call ratio is showing fear as well. The hedge funds, I think, will be responsible for a end of year, low volume “Santa rally” that will act as the final impulse wave up before Q1 financials come out and kill everyone. The big danger is that next week could suck in a bunch of momentum chasers - right before they fall off the cliff

>>12213046

"#hilldawgs feel strong about a drop and democrats are always wrong, no exceptions"

poltards posting on biz are another important fundamental indicator. Many people bought bitcoin because they felt subconsciously that it aligned with what is now widely accepted as "the Trump PnD." Watch the political NPC's carefully, don't discredit pol as an indicator. Remember this rhyme; the hive minds save time.

>>12213053
no joking sir, see tomorrow.

>>12210892
>investing this much of your dentity into a meme

>>12210828
The selloff will be on Wednesday if anything.