/biz/ - Business & Finance

It was total chaos. Mostly just a bunch of caps lock posts about what’s mooning while anons frantically try to swing. It was not as happy as you would think. Very few among biz actually made money.

>>13600498
Euphoric is the word your looking for

>>13600535
>Very few among biz actually made money.
cope

>>13600498
Yes. Chester Bennington killed himself and people joked that he did cuz he shorted Bitcoin. Lots of talk about 100k BTC by EOY 2018. Golden bull Run of 2018 etc.

>>13600498
Think of a literal fuck ton of autists and shills on amhetamines 24/7

>>13600548
/biz/ got me to buy ripple in August/September at 0.14 ... I think those good shills are gone

>>13600536
This.
>>13600555
And this.

>>13600535
> Very few among biz actually made money.
Wut

>>13600498
/biz/ was the happiest place on Earth for a while there. Imagine every coin that's shilled here mooning no matter how stupid it was.

Bull market = Constant FUD and shitcoin shilling.

Bear market = constant hopium and shitcoin shilling.

>>13600590
Great memes too

>>13600555
Nice.
>>13600535
>>13600552
Were there good anons that got it right but biz shit all over them?

>>13600535
that's bullshit because you could've bought almost any coin and won. it was so easy

>>13600498
People would show off their blockfolios, but mostly it was threads about flavor of the month shitcoins. Every shitcoin would have their own group of threads like LINK and everyone was trying to shill that their coin was going to moon most. Others would argue over staying in btc or whatever altcoin. Overall people were happy but somehow there were still people losing money, usually on shitcoins that pumped and dumped

>>13600600
EVERYONE was right back then. It was impossible to lose money. Anything you picked would double in price in a few days at the longest. You had coins going x3 in a matter of hours. You had coins going x20 in a week. You had coins like XVG going from 10k marketcap to 4B marketcap.

>>13600548
>>13600589
>>13600631
Plenty of anons didn’t cash out

it honestly feels like it does right now. gains every day with an occasional red day, or a couple of red days and then right back up to all time highs

>>13600667
It was a little bit more treacherous than that, I recall during the summer of 2017 a few times for a while people thought it could be over. Once bitcoin forked most of that sentiment dissipated though

youd go in a thread and someone is like "HOLY SHIT [insert name of shitcoin here] IS MOONING. GET IN QUICK."

>>13600703
This. Someone would start a thread saying "HOLY SHIT [insert name of coin here] IS FUCKING UP 100% GET IN" and then by the end of the thread it would be up 300%. It was unholy.

>>13600498
i was such a piece of shit and felt like the trading god just because i've been in crypto for longer than all the others. everytime someone said he made 20k i was like "fucking poorfag i made 200k today", nowadays i'm happy as fuck when i make 20k on a trade

>>13600667
I think there's a much bigger difference in the world outside of crypto now than 2017.

2017 everything was euphoric and somewhat peaceful in the world and in hindsight speculation was rampant in crypto and stocks...

Now it feels more like crypto is unironically acting like a life boat for some countries. There are more monetary worries and growth worries are coming true globally. This could be a stretch but it almost feels like what it would have been if bitcorn was around in 2008. It's a bit creepy to think this way

There were also a bunch of coins that had LINK-like followings on /biz/ for a couple months, but you almost never hear about them now.
>>13600701
Yeah, mid-June through July was a little scary.

>>13600555
Closest we've gotten to cyberpunk. Not as kool as I would have wanted it to be though

>>13600667
We're almost at 7k I'm starting to feel very nervous lads, this feels like something bads gunna happen.

>>13600498
People tried to trick you into buying bitconnect (lots of people on this board actually did) and other ponzi schemes.

>>13600834
Not true at all, everyone on /biz/ knew bitconnect was a ponzi scheme and frequently mentioned that before it was common knowledge, most people fell for pump and dump shitcoins or coins that didnt even have real projects like kidscoin

It was crazy. People giving away thousands of dollars of shitcoins in some threads

>>13600498
Most people here thought they had found a permanent source of income. Crypto would continue to go up forever and they would never have to work again. People were quitting their jobs because Bitcoin was going to worth a million in no time.

>>13600552
he killed himself because he was molested by a certain mr. think ya hot shit dontcha

>>13601079
i think quitting my job was a godlike decision because it forced me to cash out atleast 200k in case my money gets lost on some exchange exit scam

Anyone else happy that we experienced the biggest bull run in history and no bear market could take that experience from us?

>>13600498
Honestly, it's a lot like it now. That alone makes me nervous. When Redditors and autists act all smug then shit is about to hit the fan and dump. Faggots were insufferable in Nov of 2017. Every time it went back up even a little like in July 2018 we'd get the same reaction. I'm not trying to be full on bobo but of proceed with caution. I'm taking a small amount out of my stocks to try and make a quick buck but will be eyeballing the market for an inevitable dump

>>13600498
Went from $800 to $47k in 7 weeks.

>>13600548
They made money but unrealised gains

>>13600498
Are you talking about summer or winter
In summer every few weeks there was a huge opportunity. It felt like it would never end. In the winter it got too popular. This board became the fastest (mostly r/thedonald members). Everything mooned. This may sound comfy but it wasn't. It just showed illiterates had entered the arena and a huge crash was inevitable
Anyway, the parabola grandpa told me there are no losses, only lessons. Also everything that I currently hold in crypto has value because of that winter so I can't complain

>>13600498
2017 is never coming back. This fake pump is laughable at best.

>>13600498
People would post pink wojacks when their coin only went up 10% while another went up 40%

>>13600498
Yes, I'd sell KYC documents amidst the ICO craze, and made bank with REQ.
I want to fucking kms now.

>>13600498
biz was 99% shill threads for altcoins
no one was truly happy, i don't remember seeing a single "made-it" thread. everyone was so blinded by greed that they were just holding and buying more

>>13600498
Amazing. We all used etherdelta back then. No binance or nice phone apps..

>>13601875
>i don't remember seeing a single "made-it" thread
Most of us were, briefly, theoricaly rich. Thing is most of us didn't cash out, either. Thus, no one "made it" because no one really had the cash in hand, only imaginary internet tokens that theoricaly were worth thousands of dollars.

>>13600820
If BTC crashes that's when you buy more, what's the problem? If BTC crashes that's a GOOD thing assuming we think it will go back up in the future.

i started lurking here nov. 2017 and it was interesting, some anon posted smth about dbc and i thought shit, i should enter crypto and a few days later it mooned
i bought in with 100$ in mid january 2018 (what a meme) and lost everything more or less but w/e just 100 bucks
lurked the whole year and bought back in this year in january and 2,5x my money by now

>>13602459
i hate me for not visiting this board earlier
only wasted time on /r9k/ goddamit

it was a complete shitshows. anons quitting their jobs to become "crypto traders". every fucking brainlet thought they were a trading genius now (see pic related). retards shilling the worst possible shitcoins (pic related). shitcoins going 3x in a day.

>>13602493
we also had the anti bitcoiners vs corecucks. shitcoiners vs bitcoin maximalists. retarded discussions and fud nonstop. pajeets putting in overtime to shill their shitcoins. it was complete mayhem.

>>13600535
it was easy because everything 5x except the moonshots
the moonshots i sold early REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>13600498

This place was a nest of hyperpajeets

>>13600498
It was really stressful even though it was fun. I could not sleep for shit. I would jolt awake in the middle of the night in a sweat to check my portfolio. Then I'd have to get up and make some trades and before I knew it it was time for work. Then all day at work I couldn't focus and would be sweating trying to execute a few trades

>>13602573
this it was stressful as fuck. I was nonstop checking charts and daydreaming about the villas and lambos I was gonna buy. I completely lost my mind for a 2-3 week period and figured I cracked the code of the universe and would be a billionaire soon. almost got fired because I couldnt focus on work or anything. forgot to eat/sleep for a while. honestly the big crash in 2018 was a relief. making/losing tons of money in a short span does something to your brain. its like the human brain istn evolved to handle these big swings or sth at least mine is.

>Tfw when you’re a biz oldfag
Yeah it was unbridled chaos. Cut throat and brutal, but profitable. The good times are coming back, fren. Get comfy

>>13600498
lol, wait till the bullrun peaks and you have 100 new threads created per second

>>13602633
I hope you fucking redditors won't come back.

>>13602822
:)

>>13600498
Here's some non-retarded historical context:

The bull market officially began with the breakout to ~500 in Nov 2015. We rode the 20 week moving average up the entire way, with multiple tests and re-tests. Most people only caught on in 2017 but by that time the bull market was already over a year old. Note the increasing rate of ascent

We've likely now completed the bottoming from the 2018 bear market and are back at the "Nov 2015" analog. We'll likely rip it to 8-9k tops before blowing off back to 6k or so and going sideways for a while.

Picutred are the 20, 50 and 200 week moving averages.

pure shitposting and massive gains - even from the shittiest of coins on yobit
it was like some coked out block party/fight club
good times, good times

>>13600498
Everybody was making money and the board wasn't divided surrounding whether we were in a bull market or not. This latest run is not organic.

>>13600498
pic related

>>13603218
So is 2020 gonna be the mayhem year?

>>13600498
seeing 300k in your portfolio

go all the way to to one million
and not cashing anything out

Double your eth with art ponzi
https://0xowns.art/split/owner/0x70b94d8cae6d45997586ca85ebee6596b602bfc6

Liar. Everyone has been here since 2017. Who the fuck would get into crypto after 2017?

>>13600770
DGB my guiding light.
Your green candles glowing bright.
Faster than a Lambo.
As new fags scramble.
All who hold will be rewarded.
Your wildest dreams can be afforded.
Soaring higher than a dove.
Don't listen to the FUD.

>>13603218
I only have 1.6 BTC, would you say it's a wise decision to sell .6 at $8K, and then wait for a dip? I've been considering that because I would like at least 2 BTC for the next run

I've been here for four bubbles, it ends in GPU shortages and tears every time.

>>13603519
No, don't swing trade your actual bitcoin

if you want to try and get cute send like 0.1 or something to bitmex and try and snipe a short. The most money is made when you sit patient and wait - this is going to be a multi-year run

>>13603326
probably 2021 but who knows

>>13600498
Don't worry this isn't like that, I just bought 1 ETH and in about 8 minutes already down $3. Once I buy any crypto, within a 2-6 hours, the bottom falls out.
> There is no you, there is only me.

>>13600770
>>13603497
These are the boy making money in the future
Digibyte it is my lads.
Having millions of $ and not cashing out because
WE ARE NOT FUCKING SELLING!

>>13603826
Shill me on dgb, it seems like a good project that's been around for ages. Why do most people not give any fucks?

>>13603854
That coin has tons of great stuff and is in the UTXO field the most advanced one (UTXO chains are BTC, LTC, DOGE ....)

I have no idead why it is not get picked up.
They have zero advertisement and shilling pajeets, no marketing, no airdrop and no ICO that might be a reason too.

>>13603854
>Shill me on dgb, it seems like a good project that's been around for ages. Why do most people not give any fucks?
because it already mooned and will never be on binance.

I can still remember btc pumping to 19k while all alts were bleeding and 90% of /biz/ making threads about how would be better if they had just hold btc the entire year

>>13604542
Oh yeah I forgot, they called out CZ and basically told him that he can suck their Digicocks and they will never pay the "bribe" to get listed.

Aaaah good twitter conversation.