/biz/ - Business & Finance

Should've DCA when it dumped

>>18674423
just buy the fucking coin faggot

>>18674423
Patience. This shit will drop eventually

>>18674538
that’s what I keep thinking but it never fucking happens.... the longer I wait the less likely it seems another big drop down to <$4k will happen....... what the fuck do I do bros? I’m so conflicted

>>18674423
You literally just need to hodl and shut the fuck up and you will make gains. It is that easy.

>>18674554
I have my buy orders set at 4k
Just wait it out.
This wasn't the bottom just yet
Pic related

>>18674423
I know the feel bro. I sold the top perfectly and bought the bottom. Basically doubled my portfolio
Then I sold everything when it did that double bottom. Still waiting to buy back in...

>>18674423
Time in the market > timing the market.

>>18674916
Boomer detected

>>18674916
Tell that to people who've been holding for almost three years since December 2017 and never had an opportunity to see any green.

>>18674916

This.

OP, I bought in 2013 between 300 and 500 dollars on the way up. Dumped well below that not long after. I just left it alone for a few years, turned out pretty well.

Get the fuck in big time and stop worrying about small %'s here and there.

My biggest altcoin holding I got about 18mo ago, if I had bought FOUR DAYS EARLIER I would have 1.5 million USD in it right now as we speak. But unfortunately I have only about $400k.

Oh well, who cares? Mildly annoying at worst, not like I could have controlled it. Muh timing. Doesn't matter, we do our best, stop being a little faggot bitch and put your savings in crypto then fuck off and wait for it to pay off.

>>18675123
Cope

I have the same problem. The bottom line is that it most likley will drop, we just need patience. Consider these bearish factors.
>Almost no new buyers
>Low volume pump
>Worst economic depression ever
>Small miners will be unprofitable, so they sell their btc (happens every halvening)
>Upcoming MT. gox unload of 100k+ btc
>The BTC chart actually looks very bearish, no matter what moonboys tell you

People will sell off speculative assets to survive this economic depression. New people wont flock to speculative assets in a time of high uncertainty. Therefore, it´s extremely likely for it to drop quite a lot. Bulls seem to have already forgot that BTC had it´s worst day EVER just a few weeks ago. It´s gonna take a long time for it to properly recover. It´s extremely rare for a asset to moon after it has had such a big drop. Furthermore, mooning now, would look very shaky on a TA basis. We need a long good foundation before we can properly moon.

>>18674816
Wait till next year, meanwhile we sell with profits after halving

We need one large pullback before we can moon. Likely we will stay low for a few months to kill off all the shitcoins once and for all. Also consider that the corona situation will get much worse than what people think, and the stock market will see another huge drop. That is 98% certain. If the stock market dumps again, which will happen, bitcoin will dump twice as hard.

JUST DCA MOTHERFUCKER

it ain't that difficult

>>18675136
Cope

>>18674423
Covid drop was a once in a lifetime opportunity and without it we'd still be at 10k; by far the most obvious buy signal I've ever seen. The bounce back once it breached 4k even under even those conditions was absolutely nuts; bitcoin shot up more than 1k in like 10 minutes from 3.8k. Now we're recovering and people are going back to work; there's talk about reopening over the next few weeks and sending everyone back in mass.

Bobos should be happy with maybe a $500 dip; I have some money on the side to buy more if that or the halvening dip happens but I wouldn't be comfy if I had no coins at all. Wouldn't surprise if there is no halvening dip this time since so many people want it to happen. Every drop keeps getting bought up.

>>18674423
Come on then, everyone knows that at the moment you buy it price will fall.
6 weeks of pumping anon and you want to fomo because you're scared of losing an opportunity.

>>18675143
Pretty much this, OP.
The bottom still wasn't in.
Every good TA faggot will tell you the same.
Hayes also expects another Drop down to 3k. Ulbricht predicts the same.
The Pump to $7700 happened pretty much within 15 minutes, which indicates that this should have been a short squeeze. Roger Ver and Craig Wright started mining BTC recently, instead of their shitcoins. Difficulty will be adjusted very soon again and a lot of miners will be unprofitable again, and they have to sell. I could imagine that Roger Ver and CSW also dump BTC and at the same time pump their coins.
If anybody here thinks that we won't go back down a second time, then he lost his mind.

>>18675155
Kill yourself retard

>>18675254
>Every drop keeps getting bought up.
Absolute fucking Retard
That's the reason we dropped -50% a few weeks ago, right?
Because every dip got bought instantly

>>18674554
It's only been slightly more than a month. Relax you ADD riddled fomo autist

>>18675123
>just buy the pump pro, not like stuff can drop 99% if you brainlessly buy in

I swear, sometimes there should be a device to hurt people over the internet.

>>18674423
1. check price now
2. set your buy at -X%
3. if the price doesn't go there in a month set the new target at the current price -(X-10)%
4. repeat until you manage to buy some

>>18675346
We dropped -50% due to unnatural conditions that won't be repeated in the foreseeable future. Better hope for another worldwide pandemic panic if you want that again.

And now it's already doubled in price from the bottom. Occasionally it drops to $7400 only to go up $100 in seconds and keeps jumping up to new highs. Before that new high was $7400, then it retraced a bit and that new high is now $7700.

>>18675143
So what's a possible safe net?
Should I buy ETH or USD with my whopping 0.2 btc?

>>18675385
we dropped 50% multiple times already in BTC history. Even from 20k to 6k very steep, resulting in a descending triangle. we even dropped from 6 to 3k then after it broke.

>>18675346
its exactly the reason why things drop harder after they climbed a while, especially with these no volume, no price action, no dip rallies, which are clear indicators that they are pretty fake anyway. if these collapse, they collapse much harder suddenly because the fear and panic is much greater usually, if nothing happened for a too long amount of time.

>>18675143
Why are people so sure MT. gox will unload their btc into the market this year? Can't really find much reliable information about it

Lmao why should I care about BTC unless I'm a whale

>>18675423
It's a meme. The lawyer involved has been dumping for ages. People don't get their BTC. They get their $ value.

>>18675419
>Even from 20k to 6k very steep

Sure. After a multi-year bull market starting in 2015 and lasting until the end of 2017. We've now been in a bear market for over two years and are approaching the historically bullish halving; now's not the time to expect such a drop.

>>18674483
Yeah, I DCA. I go all-in with all my money literally every time I get money.

>>18675449
Lame

>>18675466
its exactly why it will happen now at some point AFTER all of you impatient ADHD morons have their brain mass reduced even more and go into overdrive FOMO and finally bought in, and not before, when everyone was scared and bearish. before it was the shorts that got squeezed, now it will be the longs that get destroyed. but your pocket money and trump bux will not pump it further because no big money is buying this.

>>18675385
>We dropped -50% due to unnatural conditions that won't be repeated in the foreseeable future
Literally neck yourself you god damn nigger newfag. You propaply will do that once we reach 3k
Listen up Jack: THE WHOLE FUCKING MARKET IS UNNAURAL
Apart from that: Corona isn't over yet.
You are propaply one of those retards which buy stocks as well at this point

>>18675504
>implying I didn't buy below 5k

Praying for a dip is cope for people who didn't. After I bought I created a thread and warned /biz/ that this would be their last chance to do so. Now I'm warning /biz again.

What you described already happened back in late 2017. Buy now and you're still buying at less than half of the all time high. Johnny Come Lately's will fomo back in again at 20k just like they did after bitcoin had already done a 6xs from $500 to $3k.

>>18675504
Also this!
Could not agree more.

>>18674423
Just buy 50% and then the other 50% a month later and LET IT SIT for a year. It's called investing, you muck.

Or, buy some ARPA , now, TODAY, and stake it for 1-2 years.

>>18675553
>I bought number x and now its number x+1 so it cant drop again

so you'll lose your gains again by being stupid, I dont care.

anyone with half a brain does NOTHING with his money, other than waiting. if it drops, which is likely, buy. if it pumps, which is unlikely but might happen, it also doesn't matter because there are always other opportunities in every market situation. unless you're a braindead fomo retard dictated by his emotions.

>>18675553
also:
>"I warned /biz/"

>>18675385
that price action is just pure manipulation. It really doesn´t matter that it gets bought up in seconds. When the whales feel like it they can drop it again, and there will be nothing you or any retail buyers can do about it. Unless the whales are dumb, they are not gonna start a bull run with this low volume

>>18675387
Gold and silver, or USD are the best bets now. Stocks and crypto will go down again

>eth was under 130
>Dash was at 54
>Bought shitcoins instead
Op the issue is not greed, it's self sabotage
Let's be honest for a sex, the way we act doesnt lie about how we value ourselves. I have nothing but deep self loathing and I genuinely know that I will never allow myself to have an easier time.

>>18675423
the lawyer or whoever is handling it still have 100k + in btc to sell. They sold last time in 2017/2018, but haven´t sold any since then. It was supposed to be reolved 2-3 weeks ago, but it got delayed until July or something. That is the LAST delay as ordered by the court in Japan. After that massive amounts of bitcoin will sold off, and the last time the lawyer did that he crasshed the market

>>18675504
true. NO smart money is buying now. Everyone with brains are staying on the sidelines until further notice

There's a lot of cope in this thread.

B U L L I S H

>>18675553
the problem with your logic is that unlike in 2017, there is no hype and normie money coming in. You guys expect to reach a new ath because of the halvening, but the halvening pretty much priced in. We will dump like all other halvenings. In 2017 there was huge optimism, now there is only fear and low confidence.

>>18675703
Gonna be so good to buy at $3000 fren

>>18675727
I´m not sure it will go that low, maybe tho. I will be setting orders in the $4k-5k range, but have some cash leftover if it hits 3k range.

>>18675682
ring...ring...ring

>>18674423
>>18674483
Buy high sell low

>hurr time da markets
>durr dca
This is why I just buy and try not to think about it. Half the time you'll get better advice by flipping a coin than reading charts or listening to other's analysis. If TA was a thing everyone with an algorithm would be bultibillionbaires. If fundamental analysis was a thing then the cmc rankings would be unrecognizable. All that matters is the buy and hodl game.
No effort required to test, just track it on paper trades. On paper you just buy, and with fake money you do real trades trying to time it. Over a year or two I bet your paper folio is worth more than your ledger.

>>18676311
buffetpilled

>>18676311
yes, not thinking about what you do is usually a winning strategy

not even going to bother with a brainlet picture here

>was going to buy during the march dump
>YOU'RE CATCHING A FALLING KNIFE BRO DON'T BUY BRO
I was /biz/'d

>>18676533
How much are you up compared to just doing the smart move? I'd bet you're down.

>>18676600
Im up quite considerably through the months, but because I am not a brainlet that buys into suspicious shit, even if it means missing out.

types like you are getting burned eventually. you should rather go to casino, its saving your time if you just like to gamble.

>>18676311
>If TA was a thing everyone with an algorithm would be bultibillionbaires. If fundamental analysis was a thing then the cmc rankings would be unrecognizable.
Fucking neck yourself you disgusting reddit nigger and buy Nano.
Why do you think good trading algorithms work and beat every human longterm. Why do most people never really get wealthy?
Because they are as retarded as you are with your "HODL" and "no need to time the market"
You are the kind of person that wouldn't sell his stocks neither, because "what goes down goes up again"
Seriously, get the fuck off my board and go back to r*ddit.
Because that is exactly their mentality.
Fucking newfag.
Pic related

>>18676631
>>18676663
Rebbitors are projecting mighty hard this morning. I'd be embarrassed too if I made such shitty trades instead of using a basic strategy that is flawless. You think working harder would mean better results. Life doesn't work that way. Grow up, and grow a pair while you're at it. This is why you'll always be poor. Shilling fucking nano of all things, you're worse than the poos.

>>18676714
>buy random shitcoins after they pumped 1000%
>"bro its flawless strategy, I'm only down 99%, it will recover"
>calls others random things

Ok you deserved a brainlet now

>>18676714
>Shilling fucking nano of all things, you're worse than the poos.
Are you retarded? You are the kind of retard buying nano. That's what I am saying. You seemingly have no reading comprehension.
>I'd be embarrassed too if I made such shitty trades instead of using a basic strategy that is flawless.
Kill yourself, seriously. I am not the one who buys the top. I will buy back in at 3-4k while you are going insane.
And now fuck off

>>18674423
yeah i mean there's a decent chance it will drop at some point. all of these coins are pretty volatile. there's also a chance it never will and will keep going up but i doubt it. if you're feeling like it might keep going up, just buy some. it's not like it's going to matter in 5 years when ETH is worth 4 figures that you bought it at 190 vs 160.

Bought ETH at like 150 average. Am up about $1.5k.

>>18676750
Of course your strategy is stupid. I see why you're struggling now. You're supposed to be before the pump,not after, before. Don't try and time things and miss out by waiting for it to 1000% first. If you aren't able to see this you'd be better off with a high yield savings account. You must be black, it's the only possible explanation for this.

>>18676790
>"youre struggling!!!"

I almost feel sad for you. I live in Switzerland with high paid academic degree job.. I struggle so much in this life.. its like hell here compared to USA.. I can only wish you some good, even though I know youll bust yourself at some point

>>18676775
>190 vs 160
>he thinks ETH will still be tripple digits after the next crash
Anon, I...
>>18676786
Poorfag detected. Also better sell while you can

>>18676813
keep fudding bro. not gonna be a "next crash." covid-19 was a once in a decade buy opportunity. sorry you missed it.

>>18676825
KILL YOURSELF YOU DELUSIONAL PIECE OF SHIT AND FUCK YOURSELF.

>>18676825
yes, BTC basically never dropped before that, and will also never drop after

>>18674423
Stop expecting to get rich overnight and you'll be fine, buy now and just leave it the fuck alone.

Go get a hobby, exercise or just live away from all this nonsense 24/7. Your future self will thank you for it.

>>18676762
Backtracking now, shameful. You shilled nano and revealed the stupid shit you buy. You are embarrassed and rightfully so. You are going to be poor because you insist on avoiding good strategies, for that you deserve every bit of your poverty. Sell your nano and wait for btc to hit 1k again and load up. Maybe wait until 500 even.

>>18676806
>academic degree job
Is this some kind of euphemism.. or were you to stupid to r.. emember what you do at work? You.. sure you.. don't live in India?.. The fuck is 'bust yourself' supposed to mean? You'd think a person who works at the high paid academic degree would understand how to write basic English..

>>18676875
ok sad guy

>>18674423
2017: Ethereum is a platform on which you can run Cryptokitties. Ethereum is worth 1400 usd.

2020: Ethereum is the first layer platform of several emerging projects amongst which chainlink, BAT and Lition. It also gave birth to several maturing decentralized exchanges, more than 7 billion dollars of stablecoins and the first decentralized finance ecosystem in the world. Ethereum is worth 190 usd.

>it, it's going to drop more is it?
Greed is not always good.

>>18674423
>OP doesnt fully understand the technology well enough to go all in with everything he has

>>18676992
There is literally no difference between 2017 and 2020 you mouth breathing FOMO retard.
It still has not delivered any value to anybody and it still as slow as 2017

when will fags learn you cant time the markets

>>18676714
>grow up bro
>be a clown

>not realizing that the reason bitcoin is going up despite low volume is because of the inflation caused by the unlimited dollar printing
>thinks the price will go to 3k again

So much bear cope on this thread, it's actually hilarious. What you are witnessing right now is exactly the reason why bitcoin was created. Its value is currently going up simply because the value of fiat is going down.

>all the increasingly nervous bottom sellers itt
By the way there is still a chance for BTC to revisit 200WMA and if you're not buying there you really should stay poor for the rest of your lives

>>18677280
>>18677253
sounds like cope

>>18674423
quit crying and take responsibility. don't invest if you aren't confident in your investments.

neck yourself or man up

>>18674423
>waits for a substantial dip less than 20 days prior to the halving
this is some certified retard shit

>>18677253
Kill yourself, seriously.
This board is unbearable and filled with coping subhumans like you.
You have obviously no fucking idea how the economy works, or else you would not write such Bullshit.
Before we see Inflation, we will have deflation, which means falling prices.
That's also the reason why they are printing Money, to stop deflation.
Anyway, you are too retarded to understand it anyway. But we will go back to 4k at the very least

>>18677388
Have you not heard the memo? The deflation is already priced in, but sure keep hoping for 4k.

>>18677613
Bitcoin only plays out well when there is hyperinflation. So deflation will not help the price of Bitcoin.

>>18674423
Wait more and buy the ATH, anon.

>>18677064
Well, Bitcoin didnt do anything, besides muh segwit and muh lightning and forking, between it's wave to 1200 and its wave to 19000.