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/biz/ - Business & Finance


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19242150 No.19242150 [Reply] [Original]

Why is bitcoin floundering at 9.5k even when there was a golden cross? What is going to happen next? I think I might sell everything before we drop to the gap.

>> No.19242213
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19242213

>>19242150
Selling is your right. If you make that request we at biz will honor it.

But before you decide, ask your self this. What if you sell and your wrong?

>> No.19242262

>>19242213
Missed gains are better than losses

>> No.19242281

>>19242213
I think that optimus prime pepe brings up a great point here

>> No.19242340

Lol fucking what

>> No.19242363

>>19242213
We know that all gaps get filled and that all the bulls have been wrong.

>> No.19242478

>>19242150
People so convinced it's inevitable, slowly getting the balls to buy... just... one... more... coin, just one more at the current price. Then...WHAMO.

>> No.19242544

>>19242363
What ever happens happens. Selling isn’t a thing for me I invest the same amount once every month price doesn’t matter.

>> No.19242598

>>19242544
If you know every bullish even has failed and that is basically guaranteed to sell down to a bearish gap, It would be idiotic not to sell. Why would you hold knowing this information?

>> No.19242784
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19242784

>>19242598
Not him, but /biz/ is bearish and is filled with people telling others to sell after multiple shakeout attempts. That does not sit right with me and I don't trust even those amongst you who aren't malicious shills, which seems to be a small fraction of /biz/ at this point. /biz/ has been telling me to sell ever since I bought the drop to 3k. If it goes up I'll ride out the bull run with what I have; if it doesn't I'll continue working towards my goal of acquiring one bitcoin and then probably forget about it for a year or more while I invest in other things.

>> No.19242863

>>19242784
But why not sell right now to guarantee at least 3x gains when it objectively has to go back to 3k? It makes no sense to not sale right now.

>> No.19242924

>>19242863
>objectively has to

This gap shilling seems far too desperate and has been going on for so long that it's basically a meme at this point. It's like a $30 gap in asset worth 10k.

>> No.19242979

>>19242150
turns out TA doesn't actually work anon

>> No.19243008

>>19242924
100% of bear bitcoin gaps get filled. Its not an if but when. All smart money gets this.

>> No.19243087

>>19242924
No one knows why it must be filled but remember that algorithms that trade stocks the same ones trading btc right now do not like gaps and are naturally pulled towards them.

>> No.19243667

>>19242262
if i put in 1000 dollars and it goes down 200 i feel nothing
if i don't put in 1000 dollars and it goes up 200 i feel an uncontrollable sadness within me

>> No.19243680

>>19242784
>I'll continue working towards my goal of acquiring one bitcoin and then probably forget about it for a year or more while I invest in other things.
based anon
i hope you make it

>> No.19243688

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

>> No.19243955

>>19243688
how many years before btc issues a zero block reward and requires 100% fees to be kept alive?
i think it's like 100 years or some crazy shit like that

>> No.19244050

this entire thing is pointless.

Consider the following statements
1. If you own bitcoin, you should always encourage people to hold. Telling them to sell is in your bad interest and therefore literally retarded
2. You're in this to make money. Anything else and you're retarded.
3.Therefore the logical approach is to sell at highest possible price (which is proportional to the gullibility of hodlers) while at all time claiming the opposite

A lot of people took 10k as that price limit

>> No.19244067

>>19242150
Crab until June. Alts moon (und 10x's), then dump.