/biz/ - Business & Finance

i really hope these memelines come true

Burgers are just selling to buy fireworks, happens every year

asuka didn't need any stinky memeline to predict this
who's btfo now, huh?

>>14477871
It goes up, it goes down. You are as clever as the brainlets that blame it on cloud formations and planetary movements. Why do low IQ people need a reason? It goes up when there are more buyers than sellers, it gown down when there are more sellers. Its just that simple.

>>14478050
Shinji, that faggot bought link

>>14478001
My sides

>>14478071
>statistics are cloud formations
ok brainlet

>>14478071
>Why do low IQ people need a reason? It goes up when there are more buyers than sellers, it gown down when there are more sellers. Its just that simple.
ehm, if you stop to think about it a little, you'll probably noticed that the number of buyers is always literally the same as the number of sellers

>>14477871
Sorry bitch, Mercury is in retrograde in the second house. BTC is gonna moon until Mercury exits some time in September.

>>14478163
>posting a 4-day forecast
>"m-m-muh september"
why is the iq so fucking low on this board?

>>14477966
Tbh. I doubt it. We might crabwalk for a long time but going under 10k again... Probably not

>>14478001

Can confirm

>>14478082
>thinks its a joke

>>14477871
Pic related

>>14478119
Charts only show you where you been
Not where you are going

>>14479381
>picture in the op is literally a forecast 4 days into the future

oh no no no

>>14477871

not going below 10K

my firm will buy all the sub 10K cones if it does

>>14478001
Fuck I gotta buy fireworks with these Link gains thanks for the reminder.

something big happening

Don't know about 8700 but definitely 9200

>>14477871
(1/2)
Reminder that TA is worst than astrologoy. It's literally for sub 110 iq brainlets.

>Perhaps you seek to imply these “managers” using the glorious technical analysis earn a higher rate of return. This is incorrect. Did you know that 86% of mutual funds manager failed to beat the S&P500 in 2014? That’s right, these idiots with their stupid charts didn’t stand a chance against “buying and holding” despite all their “reverse bat harmonic indicators” or whatever bullshit is relevant these days.

>And hedge funds? Since the bull market began in March 2009, the critics will point out, the average hedge fund in the Credit Suisse Hedge Fund Index has gained an annualized 8.5% through April 30, versus 23% for the S&P 500, assuming dividends were reinvested. Over the past 10 years, even a conservative portfolio that invested just 60% in the S&P 500 and kept 40% in bonds still outperformed the average hedge fund.

>b..but what about this one guy I knew who made millions?!

Pure luck:

>Let’s take 10,000,000 people trading using technical analysis at the beginning of year 1.

>On year two, 1,000,000 traders will have tripled their money. The rest will be broke or will have lost a significant portion of their capital

>On year three, 100,000 will have tripled their money. The rest, again, lost a large part of their capital and stopped trading.

>On year four, 10,000 will have tripled their money.

>On year five, 1,000 will have tripled their money.

>On year six, 100 will have tripled their money.

>On year seven, 10 will have tripled their money.

>On year eight, 1 will have tripled their money again. If he started with $10,000, he now has $21.8M dollars

>Do you see where I’m going? The one guy at the top ends up in your “list.”

>>14480657
(2/2)
This is called the Texas sharpshooter fallacy, or most commonly known as the Survivorship Bias.

You have, basically, millions of brainlets playing roulette. Most of them lose, you forget about them and then proceed to talk about the wonders of the roulette, and your new "technical analysis" on how to bet on the right number 70% of the time. It's pure bs.

>b..but muh crypto is different than boomer stocks.

It's not, it's basically worst. Because most cryptos go to 0 eventually. At least in boomer stocks you are playing with real companies.

This is why you'll see one random guy in /biz/ talking about his super ability to trade. In this case there are 5 options:

1. He is lying.
2. He doesn't realize he would've more money by holding solid coins.
3. He is barely breaking even.
4. He is making some money because it's a bull market (everyone makes money).
5. He actually traded successfully because of sheer luck (roulette), and thinks he has some "special ability" to trade.

Do not fall for technical analysis fags. Everyone who talks about muh TA is bullshitting you.

Thank you.

>>14477871
you drew too many lines, try again with 90% less lines and maybe 1 person will be impressed.