/biz/ - Business & Finance

Idk I'm holding right now. Do I sell before I go to bed or ride it out?

>>17957299
store them in your electrum wallet
Hyperbitconization soon

Dead cat bounce

>>17957290
Cause crypto died during the last dump

>>17957290
People don't trust this scam ponzi anymore for obvious reasons

Bears L I T E R A L L Y on suicidewatch right now

>>17957290
IMAGINE BEING A BEAR RIGHT FUCKING NOW BWHAHAHAHAH

>>17957290
Inb4 some big gay mutated strain comes out and drops the shit out of stocks n shit

it did the one thing it was designed not to do: drop like a fucking rock when the shit hits the fan.

>>17957338
>>17957341

> Be bear
> Didn't buy sub 4k
> Got money ready in normibase account
> Pumps like shit

tfw

>>17957299
You never sell Bitcoin.

>>17957367
but it did, a whole fucking 50% within 2 hours.

but 5k is obviously the bottom, requested a loan over 15k but i now have to wait 3 fucking month to get it.

>>17957385
Bears are just as greedy as bulls. The final red pill is just buy when you can. The only thing that matters is how much BTC you have, not the price.
t. Holding for +2 years

>>17957385
>tfw also didnt buy when it hit 3k in late 2018
when will i fucking learn

>>17957290
man im happy right now i bought the dip but im feeling like i should sell before sleep

>>17957415
I don't have enough capital for that. I need to get in as low as possible to have a chance of making any meaningful gains.

Why isn't there a cascade of liquidations from over-leveraged shorters? Where is the capitulation?

>>17957385
Go be a bear on the stock market instead, that's what I do. Crypto is way too unpredictable for short predictions.

>>17957367
>>17957402
but it won't actually matter if it pumps back to original before stocks and gold do, will it?
because then it will still have succeeded as safe haven.
btc still has 2 months to prove itself

>>17957393
I'm day trading it. This after hours shit is killer, no idea how to tell if I should hold or sell overnight

>>17957367
It dropped like a rock for 1 reason: to shake weak hands off. 10K eom

>>17957434
Do you have an income? I have been buying steadily 150-300$ worth every couple of months ever since spring 2018. However with the added bonus of my tax refund depositing AND making a couple hundred off SPY puts, I was able to buy around 1100$ more last week. So I’m at an even 0.5 BTC. It’s not much, but I’m either gonna use it as a down payment for a house during this recession or it’ll disappear if BTC collapses. There’s no in-between. I think having this kind of mindset helps too.

>>17957290
weak hands have been shaken out. now crypto will pamp as the world knows how fucked they are in the near future.

in fact ever since it reached back to 6200+ it already proved better than DJI in terms of just holding.

>>17957290
Shhhhhhhh...
It's a SECRET...

>>17957431
Same here fren

>>17957491
I only work part time so not much of one. I've been saving up some cash but I seem to have waited too long to buy in.

>>17957431
I sold last night before sleep and I'm very much regretting it

are the citadels real?

Buying at 5k was the easiest choice I've ever made

>>17957860
yet so many dumb bobos failed
really boggles my mind

>>17957290
The future market is about to go limit up.. we didn't dump yesterday in the stock market.
i want to see Crypto decoupled from the stock market, which would most likely mean it would be used as a safe heaven - stock market tank, crypto surge.

I thought we were there yesterday, but todays rally in stock has made me a bit nervious.. what if Bitcoin & co, just continue to follow the stock market.

The fact that I FOMO'd in convinces me that this is a trap.

>>17957441
because all people are already liquidated
Bitmex open interest is hitting new low everyday

>>17957860
i bought most at 5500 and got a tiny bit more at 6600 hopefully it goes up a lot more so i can affirm my gamble was a good one.

>>17957860
>tfw bought at 4800

literally free money kek

>>17957290

>$1000 trump bux
People that invest in bitcoin have prepped 8 months food. They normally work online/remotely anyway so can continue to pay bills. This means the $1000 is actually useless for your average neckbeard bitcoin investor, UNLESS they can use that to invest, but the DOW already shit itself.

>0% Interest rate
People can get 0% interest rate cards, put them into BTC
And get more favorable mortgages and pump that into BTC

>fear about a run on banks accounts getting locked
This is something BTC directly handles. No matter what the situation in USA, you will be able to spend your BTC in other countries (Including China)
With all the FUD about a run on banks a information based crypto actually makes sense for preppers considering the lock-downs currently occurring in the west.

If you are thinking about moving your USD out of the country to Europe then BTC is unironically the best and fastest way to do so at the moment.

>>17957290
Told Bobo last night I'm gonna blow him to bits. IT'S ONLY JUST BEGINNING

This is just a bounce, bears needed a moment to collect ourselves

>>17957860
nice, had my fingers hovering over the buy button when it was $4500 but i pussied out, meh

shoud I buy more before it goes higher? or will it dip again?
I was conservative when it was mid 5k and now I regret not going all in

NOOOOOO i fucking missed the boat again didn't I

>>17957491
based

>>17957944
It was hovering at 5.2 for days yet nobody bought.

>>17958375
NOT TOO LATE
BUY BUY BUY BUY BUY

IM GUNNA MOOOOOOOOOOOOON

I just bought at 6800, don't make me regret this /biz/.

>>17957290
cuz most missed on the opportunity they butthurt

>>17957290
I literally bought 8 BTC at 3900$. I feel like a ridged brain right now, holy shit.

>>17958925
on the ride up to $100k you will have plenty opportunities to buy the DIP. there will be 50% and even 80% dips.

>Stock market bounces.
>Bitcoin bounces.

>>17957290

IM SORRY MR. BITCOIN PLEASE COME BACK DOWN

>>17958936
My gut told me to buy that dip, but I didn't. I swear to god, if i listened to my gut everytime i made a a crypto decission, i would've been a multimillionaire by now.

>>17959019
UNCORRELATED
buttcoin% higher than boomerpaper%

r^2 = 0.000000001

People who lost their jobs just got into BTC. They're experiencing some anxiety right now.

>>17958309
listen to this one.
i bought 2k worth of btc and 1k of eth when btc was 4600
then i sold at 4400 because i thought it was gonna go sub 3k and i should buy then.
i actually lost money can you believe that?

>>17957290
Talk about what? Until it's over 10k, it's a complete nothing-burger.

>>17960173

10k end of day

>>17957915
absolute the same here, btc was just faster than the stock market. if it is corelated btc will dump again hard

>>17960157
Yes, for me to gain retards like you have to lose

>>17959178
my gut feeling was strong but I didn't have any funds on the side
so I collateralized a loan on AAVE to buy in
:^)

>>17957915

dow is just barely above 20k and futures are dropping now. it'll dump, it's friday, no one wants to keep their money in over the weekend. if that happens and bitcoin can either crab or jump up today, i think that's a pretty good sign for de-coupling.

>>17958951
nah, 30% tops

>>17957462
>btc
>afterhours
I think you're talking about two different entities

>>17957487
This. Pussies btfo

>buttcoin literally is just another hedgefund asset that goes up and down with the market

fuck you fucking faggots this shit is so fucking useless muh value, muh hashes, muh decentralization

more jew shit

Do I have one more day to procrastinate buying or is it shooting to the moon tomorrow night?

>>17957317
cope harder faggot

upside breakout happened, this is not a dead cat bounce.

you missed the bottom, stop being salty

Seriously, something just doesnt feel right about this pump.

We had literally no reason to pump that hard.

People are losing their jobs right now and we are entering a recession.
Who the fuck wants to buy such a speculative asset like BTC in times like these?

I would understand it if people buy BTC as a hedge against stonks or because its "digital gold" ... BUT this piece of shit dumped 40% in a matter of few hours last week so these reason are obsolete

>>17957487
this.

finally all the people who just speculate with bitcoin got shaken out and we're ready to healthily start the next market cycle

>>17963439
i want to get out of my currency, the euro.
i look up gold shops, everything sold out.
check bonds, rates are dropping.

my only 2 choices left are mining stocks and bitcoin

I'm waiting for the dip.

>>17963439
You are just an idiot falling for the panic being spread by the news. We will not enter a recession, the stimulus will provide temporary relief. Cases will continue to taper off and not go exponential. Only complete cucks are scared of the near future

>>17957317
this, in a week buttcorn will be below the 3k line

>>17963439
>ignores the fact that bitcoin was incredibly oversold after the 50% dump

it was literally free money and your last chance to grab bitcoin under 4000$

i had 20k sitting on coinbase for the past 2 months because i knew this opportunity would come

t. based 3850$/BTC buyer

>>17963507
This, it’s called dollar milkshake theory, gold and bitcoin will be Kong’s in the long game. Cash is dying.

>>17957290
ITS GOING DOWN!

>>17965338
i fucking hope

This has to be the most volatile thing out there and yet we have retards trying to predict the price.
It could moon or crash in a matter of minutes.
Why are you so greedy?

>>17965649
>>17965649
because whole world is built on money

>>17957290
Crypto won't die unless internet runs out. It has value in the 6-10k range.

It won't ever moon again though because it can't scale.

its quite unusual, but i guess we all are accustomed to the markets already, my advice is to look out for real gems in the space now. Finnexus is changing the face of how we all know defi , i think its a solid project tho.

>>17966165
Retard alert.

>>17966165
what you're saying is only true for BTC, since it provably and empirically indeed can't scale
it doesn't apply to Bitcoin, which is following the scaling model intended by Satoshi himself, with simply big blocks being a central part of the scaling mechanism
people just don't get how simple it can be and try to overcomplicate things, and that's how they end up with broken solutions
https://bitcointalk.org/index.php?topic=532#msg6306
>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
>—Satoshi
https://bitcointalk.org/index.php?topic=48#msg329
>In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.
>—Satoshi

when usa starts to panick due to overwhlem of corona chan cases next week it will tank to 4k again. that will be the moment to buy anons

>>17957290
Because they cannot see that crypto dumped the way that the stock market was supposed to dump and will continue to dump until it reaches the same point. They only see the immediate losses and never the long term gains.

>>17957402
Way I see it the cryptocurrency market is very low cap and it trades 24/7 with no circuit breakers. It tanked almost immediately and it's already recovering. Free market capitalists need to pay attention because BTC is vindicating them as we speak.

>>17957290
Because its going to triple digits by eoy

>>17957415
If I may redden that pill a little: don't just "buy when you can," set up a strategically allocated portfolio by spreadsheet that takes your full net worth into account. If you take the time to slice up your pie the way that you want it the spreadsheet will tell you how to allocate based on market fluctuations.

>>17968843
Great, go ahead and drop a template

>>17958909
WTF I PANIC SOLD AT 6200 FUCK YOU BIZ

There is too much institutional inertia for this shit to ever be adopted. The only reason why it's worth a fuck 10+ yrs on is because of a few whales that are keeping it afloat. It costs more energy to do 1 transaction (let alone time) than it does to do 100k VISA transactions. This shit is dumb as fuck. Unironically your best bet is LINK or BAT since they have problems to address rather than needing to create a problem to justify it's existence.

How long do we expect this final sell-off to last? just today or into tomorrow?

>>17957290
Goodbye!

>>17971434
I'd say till Monday.

>>17971434
Tues/Wed at the very latest.

wouldn't it be logical when a lot of currencys are going to take a hit to transfer money to a currencies with futures in the banking industry?

>>17971434
>Final

Lmao
BTC 10k around September

>>17971768
Like what

>>17958909
I sold at 5.8k when it was going up
and bought at 6.2k as it was going down
I'm not very good at this

>>17971879
like maybe btc and eth because they have several coins that use advanced crypto which is the whole point of them being currencies in the first place.

>>17963529
Lold at taper off almost had me

>>17971890
as usual: buy high, sell low

never change, /biz/

Already a head and shoulders forming. I wouldn't get too excited until it's green for at least a week.

>>17969131
Just read your response. I will see what I can do. The issue is that every investor is different so while the principles can be fundamentally applied the actual distributions will be different for everyone and thus a template takes some thinking. Hopefully the thread is still up by the time I figure something out.