/biz/ - Business & Finance

>>21252793
the one thing i remember was that everyone thought it was just a temporary drop and would come back up soon, never did though

>>21252793
There was a day where everyone woke up and literally everything was down 20%. Of course no one sold. Then the next night it happened again.

>>21252793
I ended up not selling anything and am still holding my bags to this day.

>>21252981
so what happened overall? I mean yeah you probably lost a lot since the top, but if you f.e. first go up 1000% and then lose 50% you've still made some nice gains right?

>>21253285
This, he still has 950% left if he only lost 50

Price dumped before Christmas. That was smart money getting out. Price dumped again early January. /Biz/ thought it was just a passing moment and that the price will retrace.

Current pump is due to Fed money printing. If there's another panic it will probably dump, that's a good time to buy.

>>21253339

transaction speeds were insanely stupid, paying $20 fees for btc transfer and exchanges "temporary maintenance" left and right. was a shit show.

some people just watched their networth melt in front of their eyes and post pink wojaks on an imageboard

My 26k req shittokens were worth 30k usd

the next thing I know, they are worth less than 3k

amazing times

Also forgot to mention the death of bitconnect. That disillusioned a lot of normies too

>>21252793
This is the only time I am gonna say this, and your beliefs won't matter. I'm tired of this board so let all the idiots who won't read this lose their money.

The dump is coming sooner than you think. Take. profits. now.

>>21252793
My folio went from 26k to 1.2k and now its over 65k

crypto is retarded and hilarious

>>21252876
As a veteran in the field who missed so many golden opportunities... This.

It's always the same pattern. Price creeps up, mania eventually kicks in, then the price skyrockets to a new ATH that is about 10x or more the previous ATH, sell-offs occur, the price drops, recovers a bit (= that is when you know you have to sell), then drops all the way down.

>>21253285

The thing is it wasn't just a 50% drop. What you have to remember is at the time any coin with even the slightest hype behind it was worth a fortune and massively inflating. I had about a third of my net worth in xlm and link, the rest of it was chasing moonshots on a ton of shitcoins. Thankfully my link didn't crash at all but I was only left with a small pot of it regardless.

You had shit like deepbrainchain being hyped, I remember I had a stack of it worth about £400 back then and it sank do about £3. It was the same with all the others - at one point I had about 20 stacks each worth triple digits that are now almost all single digit stacks, maybe a couple early doubles.

It didn't just sink, it fucking collapsed anything without fundementals

>>21253541
In hindsight this kicked it off

So get rdy when cro goes down

>>21253285
I invested around 3k in total in 2017. Fairly safe investments and right before the peak the shitcoins on kucoin were exploding. So I moved most of my holdings into kucoin shitcoins. Had around 12500 just before it crashed. Always thought it was just a normal correction like many times before until it crashed even further. Most of my shitcoins went down up to 95% and I ended with around $300. Said fuck it and left it as it was and didn't invest or touch it until May 2020 when I saw chainlink saved my portfolio. Back into it now. Been in crypto since 2013 but unfortunately never held by initial btc, spent it all. I was consireding putting in a bunch of money in 2018 and 2019 but I was already down so much I didn't want to risk it

>>21253580
But you could apply that to literally any dip

>WE'RE GOING UP FOREVER, SMART MONEY IS IN
>CNBC BTC & XRP screenshots posted every 30 minutes
>we slowly start dumping
>"Ayy deadcat, we're gonna hit 100k"
>nobody sells, we all lose money
>pink fields ensue
>entire board activity plummets
>Ripple posters dead by end of year, XRP shilling ends

>>21253643
Oh fuck, you just reminded me of deepbrainchain. I have that shit sitting on Kucoin still. Thought it would make me a fortune

>>21253650
>So get rdy when cro goes down
Except CRO is not going down.
Imagine comparing crypto.com to the likes of jeetconnect

>>21252876
>biggest bubble in history
>everyone thought it's just gonna go up
lmao no smart people sold
>>21252981
Retard detected. 20-100X wasn't enough lmao. Hope you kill yourself.

So you guys could have cashed out at any time?
What the fuck...

>>21253681
Uh no, obviously not. This only applies to huge price breakouts. Like if there was a dip in the BTC price right now, I wouldn't be that worried, since it took half a year for the price to double. In an actual bubble, doubling would happen in the span of a few days.

If you're in an actual mania phase, you'll know (take STA at this moment, for instance)

>>21253725
>it'll never happen to me!

>>21253787

If you weren't there you don't understand. We had gone through plenty of dips before but were making insane amounts of money, we had been convinced by our success that this shit would last forever. I only got in for the last couple of months of the bull run and managed to 20x my stack, I can't imagine how invincible people felt he had 100x'd

What were the sell signals?

>Celebrities posting about crypto
>Finger nail paint of alt coins by female celebs
>Girls posting on biz
>Normie friends believing their TA worked when really anyone could make money
>Normie friends start giving buy recommendations
What else

>>21253934
>What were the sell signals
Normies

>>21252981
Iron hands will be rewarded

>>21253285
It was basically the dotcom bubble but for memecoins. Don't worry, you'll experience it again when the nasdaq pops next month

>>21252793
don't even get me start on 2017. i bought the top on xrp. yeah. I bought 2.5k xrp for $5000 when was $2 a coin. Today it is worth $750. That was most of the money i had saved from my fast food job at the time. I've since made some back on other coins but damn, it's coming up on three years.

>>21253934

Sell signal was when my tech illiterate gambling addict co-worker had downloaded tabtrader and was trading shit coins like he was taking bets on the dogs at the racers. Holy fuck I should have sold then and there

>>21254012
fucking kek retard.

>>21253934
Heard some rando moron at work talking about how their parents had bought a BTC.
Also after the crash got to listen to the office bitcoin wizard (who couldn't event figure out how to manage a service desk team properly) talk about how "we know the yearly pattern now...it'll recover" and then watch him become more dishevelled as the weeks rolled by

>>21253681
Not any dip, but you have cracked on to why the bubble is hard to identify before it truly pops.

>>21254028
lol, it hurts mate. i post some of those mellon threads, in hopes of one day recovering from this

>>21253725
Ok buddy

>>21253735
> lmao no smart people sold
This.
I bought in March and now I’m selling while everyone is eagerly buying my bags after I’m up 10-20x
I follow a few whale accounts as well and they’re laddering out as well.

> it's just another dip
> it's just fud gotta keep holding
> I'm still up a lot no point in selling yet
> everything is on sale I'll buy more!
> No point in selling now it'll go back up as soon as I sell!
> I'm still break even at least
> I'll just delete blockfolio and hodl
> this has to be the bottom
> why the fuck didn't I sell when I had the chance

>>21254171
sounds about right, although selling too early can also hurt. You can't really time the top or the bottom.

>>21253339

>>21252876
this. fucking almost kms back then.

>>21253699
Literally every shitcoin shilled heavily here back then all had 50-100x correction.
Member waltonchain? Bought it for 60 cents, went up to $40 I think.
I took profits from $25. Even when people were posting $100 eod and $1k eoy memes on the daily.
When everyone is greedy, that’s when you should be taking profits.
Same shit is happening again. Good fundamentals won’t be hit the hardest but expect a 10x correction still.

>>21253725
Don’t tell him.
Kek.

>>21254069
Pretty retarded to ladder out now. BTC hasn't even hit it's previous ATH yet.

>>21254028

>>21254238
I still have waltonchain. I bought a bunch more at 2 bucks because I thought it was the bottom lol

>>21254211
That’s why you DCA in and DCA out even when you are playing with 6 figs. It’s called laddering for swing traders.

>>21254317
But I’m not selling BTC. I still hold BTC, ETH, sold 60% LINK.
When BTC breaks into a macro trend then I’ll reevaluate my positions.
I sold the shitcoins that got absolutely decimated in March but had good fundamentals like UTK for example.

>>21253532
same

>>21252876
fpbp. this is exactly what happened. everyone kept saying it was "the january dip" like it happened every year. i was a newfag right at this moment and i saw so many /biz/tards lose everything. portfolios with millions in BTC, ETH and NEO and got btfo, REQies got rekt, all those DBG and BNTY kucoin holders lost everything. and then it was just completely dead for an entire year straight. lots of anons posting their portfolios from the top and having like $1.5M and 6 months later it's worth $100K and it just stayed that way for years.
i think the anons who saw that unfold as their first introduction to the world of /biz/ and crypto will have iron fucking hands because we know exactly what happens and have endured nothing but suffering until recently.

>>21254443
I'm mostly in BTC and ETH as well

>>21253570
I can feel it to
People don't realize when you make money off crypto... someone else loses money
Newfags have been fucked over dry for almost a month now, this can't go on forever

XRP was the sell signal last time. If it moons again to some ridiculous price ($5-$10) I'm selling everything and sitting on the sidelines.

some guys here are obviously the next gen bagholders

>>21253787
Yep. I literally went from 5k to 45k and then all the way back down.

Always take profits. Always, don't believe that never sell anything shit. Even if you really believe in a coin, the only way you can not make money after a pump is hold.

When it happens you will be barely able to react. Youll think its a couple of red days at first.

Then you see the price in free fall. You think you never ever selling your -insert cult coin here-

You wake up the next day. Your folio is down -50%. It feels surreal. All those dream of making it and never have to wagecuck again are slipping through your fingers faster than gamer girl bath water.

Is this real life, you think?

You panic. From the moment you decide to sell everything and until you synch your ledger everything is now -70%.

You place a couple limit sells. They don't execute.

Price -75%. You panic more. You market sell and watch a -3% slippage on your trade.

Now that was just one coin/ledger.

If you havent lived through 2016 you wouldnt know.

"Greed clouds your mind, hope helps greed." -Applemilk1988


All the signs are here. Look at the social media. Even my normie friends are buying crypto.

Its 2017 all over again.

The end is nigh.

>>21254696
In all honesty, do you think we will see another btc happen? I think a lot of people including myself dream of buying a no name coin and making it big after it takes off.

>>21254781
It's not that simple. We are definitely seeing a lot of the mistakes that were made last year that led to the collapse, but the market is much smarter this time. People are far more cautious, and even if were hitting peak euphoria, what we're seeing is cancerous coins getting dropped fast. If there is another crash on the horizon, it won't look like last times.

>>21253735
Haha yeah your aee so much smarter, where are your millions of dollars stinking shiteating pajeet?

>>21252944
It was more, 35-40%. Naturally you thought it was "just a dip"

>>21252793
Normalfags entering crypto has equally been a nightmare and a blessing

>>21253570
i'm putting my life savings (1350 usd) into link and nothing you say is going to stop me

>>21254781
>Its 2017 all over again
This. Normies are back and they're buying LINK now

>>21252793
By the time it was over i had bled -98.5% on my portofolio from my ATH. I was one of the lucky ones as i cashed out 50% of my gains at the top so technically i only lost half my money but I know some anons lost if all.

>>21254994
I wanna believe that as long as normies aren't in, we're good
and so far, normies are definitely not in. Normies are on robinhood trading stocks. They still think crypto is a scam
I think the current price rise is institutional investments in ETH/BTC that signaled to smarter crypto traders that shitcoins are next, hence everything is pumping

>>21252793
Yeah, market sell

>>21252793
90-95% of people didn't cash out and went into eternal bag holding mode. 900 - 950 out of every thousand lose all of their savings.

some people are still on subreddits, tracking dead twitter accounts about development etc thinking they for sure coming back because "tech is great"

99% of crypto is useless piece of shit vaporwave and will cease to exist and will never ever be used in real world.

as of yesterday, im out 80% of my crypto to cash, as im expecting MAJOR DUMP.

it might not come tomorrow, or in weeks, or in months, but for sure its coming and its coming hard.

and im patient man

>>21253339
you should learn some math, fag. This sucks

>>21255155
>you should learn some math, fag. This sucks

>>21254994
i don't think it's coming... now
it's coming but first there will be a lot of hype in mainstream media. A lot of normies will start to talk about crypto again, bitcoin will hit new ATH.
Maybe even some episode in a popular sitcom where the main charchter has old laptop with few billions dollars in bitcoin, but can't find it.

Then some normies will get scammed/talked into some kind of "invest in bitcoin, you will double your monies verry fast" scheme. Then bitcoin will hit another ATH and that's when it's gonna fall verry verry fast

>>21255107
I think you're wrong. Big corporations see the potential for cryptocurrency. Facebook is about to launch their own this year.

Sell signal was when i thought I was going to retire in less than a year. I had 50k link and instead of buying more link I bought more kucoin and deep brain chain and bnty etc. fortunately I kept my 50k link. Even now it seems like the timeline for link is going to be even longer (look at that parabola chart) but that’s ok wil probably but another 10k if we get dips below $10

>>21255045
>>21254659
I think link still has some room to grow. However, to me it's the coin which normies will pile into on coinbase as it is 'cheap' and new to them unlike xrp. I would compare the current position of link to that of xrp around june 2017. As we approach eoy and >$20 this is when the new cycle begins (100x coin 4ir etc) so strap in.

>>21255197
That's a sell signal anon. Both the crypto crash and the dotcom bubble happened because people were investing in anything coin/tech startup even when there was no actual product or reason for the coins/companies.

>>21255197
dude i bought my first BTC at 1000$ , been here for all the shitcoins possible, been here when SEA of pink wojaks flooded this board.

catalog was pink for days, then days turned into weeks, then into months and years.

people really comitted suicides from this board and normies aswell, because they lost 90% of their money in matter of days on this unregulated whale manipulated piece of shit market.

space didn't mature, and won't mature.

no regulations = wild wild west casino
regulations = 99% of crypto is dead.

also if you think you will cash out in time, when 100's of thousands people start logging into exchanges, you are up for some real Stephen King novel

>>21255317
>also if you think you will cash out in time, when 100's of thousands people start logging into exchanges, you are up for some real Stephen King novel
imagine still using centralized exchanges

Fk me I lost so much on 0xBitcoin, you fk'rs told me it was Bitcoin on Ethereum. It's nothing but a pajeet scam.

>>21253441
Well everything pumped the hardest after christmas

https://www.youtube.com/watch?v=BkX2NAKFM5Q

>>21255376
>imagine thinking normies are coming in en masse again
HAHAHAHAHAHAHAHHA

>>21255420
>moving the goalposts

>>21255080
there will not be a crash any time before BTC hits ATH. the bullrun is just starting - EOY BTC will be around the ATH but it's 2021 that shows the real big gains.

>>21254781
>All the signs are here. Look at the social media. Even my normie friends are buying crypto.
>Its 2017 all over again.
>>21254696
>Always take profits. Always, don't believe that never sell anything shit.

Hahaha these people are the reason it takes a solid year or two of grinding up until we hit another mania. I'm always caught off guard by how predictable this shit is. It is unbelievable that I'm always right.

>>21254345
Waltonchain was the first crazy pump on Binance, I remember because I was the first to shill it on biz.
It had an insane pump and an apocalyptic crash in few hours, it was the first time I panic bought and sold so much kek.
Still made a decent profit but could have made a x10 if I was more experienced.

The market is different today though, 2017 will never happen again however, I think the next year will see few dozens projects suck the money of the rest of the market.
The time when you could do a 30 millions ICO with 3 Ivy League team members and flip it for *3 at exchange listing is finished.

>>21255317
>regulations = 99% of crypto is dead.
There are now regulated manipulations done using (((Tether)))

>>21253570
The only sensible post ITT. When people start getting defensive over posts like this, you know it's time to sell.

>>21255413
nice

>>21253285
>lose 50%
Dude, hundreds of coins are down like 99 - 99.9% from their ATH.

Bitcoin itself has only recently gone above 50% of it's ATH

>>21255467
There is absolutely no basis for believing btc will be near ATH again end of year. This is wishful thinking especially in global recession. Stop pulling predictions out your ass.

>>21255467
>there will not be a crash any time before BTC hits ATH
Disagreed, a crash is inevitable eventually. Boomercoin ever being relevant again isn't. I think even normies will see it as a costly relic

>>21255107
>99% of crypto is useless piece of shit vaporwave and will cease to exist
Look fags - this is objectively true. The only reason to fuck with altcoins is to gamble on a normie mania and cash out before they wise up. It's a game and it's risky.

Digital currency is obviously the future but most of those digital currencies will be national currencies or backed by large companies. If it can issue bonds today, it can issue a digital currency in the future. Now, consider that option versus some random faggotry altcoin? Do you see that they are pointless?

BTC is the real thing. ETH may have a use case. A handful of others may stick around because people use them (Monero, some stable coins). The real value of Bitcoin is not what 99.9% of people in this space think it is.

In my head I always associated the crash with Obama leaving office and Trump coming in. Democrats want to pump crypto into the mainstream I believe while Patriots like Trump want to endlessly prop up the dollar

>>21255107
We didn't even reach a new ATH, only a handful of coins pumped. The vast majority of the market has crabbed.

I have a late 2016 vibe right now, the financial climate is much more probe to corporation looking into crypto either for cost cutting or new financial products.

I don't think a crash like that one is coming soon. If you look at the chart of 2017 and hear the stories, there were like 300% daily gains on basically anything. And not how some indivisual uniswap scams make like 300% in a day because of the PnD (and then dump), but like daily +100%'s all across. EVen just the bTC and ETH price right now is fair price (as opposed to bubble price) execially considering the chanegs in the making (like the creditcards, travala.com, banks allowed in etc.). Yes defi is probably bubbling but also not that much, as in 2017 where any promising coin would do a straight x 200 in a matter of days. Plus, defi is bringing in something fundamental since boomers getting paid high salaries for working in a bank that gives hit interest and shit loan rates are about to be btfo

>>21255572
>BTC is the real thing
>"Welcome to McDonald's. Your meal with be $10.00 plus a small $500.00 transaction fee. Well email you next month when we receive the transfer."

>>21255598
YEAH BECAUSE BTC 100 000 $ IS LITERALLY GUARANTEED, MARKET WILL GO ONLY UP FOR 20 YEARS.

ITS NOT LIKE WE GOT HARD REJECTED AT 12K WITH MOTHERFUCKIN DUMPS OF BILLIONS OF DOLLARS.

YEAH ITS NOT LIKE BTC CAN BE IN BIGGER MULTI-YEAR CORRECTION PATTERN AND BE BACK TO 3K.

ITS NOT LIKE THOSE ARE POSSIBILITES RIGHT.

THIS CAN ONLY GO UP. 99% OF PEOPLE ON TWITTER ARE BULLISH, PEOPLE WITH TRIPLE DIGIT LINK STACK COUNTING IMAGINARY GAINS, DREAMING ABOUT BEING MILLIONAIRES.

DEFI SCAMS GAINING MILLIONS OF DOLLARS OVERNIGHT.

BAND CHINK SCAM WENT FROM 19 CENTS TO 18 DOLLARS IN MATTER OF MONTHS.

YEP SUSTAINABLE ORGANIC INFLUX OF NEW MONEY IN TOWN.

JESUS CHRIST.

>>21255107
>it might not come tomorrow, or in weeks, or in months
kek you mentally scared retard keep waiting for the dump thats coming 7 months from now when BTC has already hit 90k

>>21255537
The governments are brrrring trillions on weekly basis anon, and this will continue for years as there is no plan B.
Assets price keep rising in price despite demand collapse because money is butning hands of everyone.

>>21255572
This is literally crypto summed up nicely.

>>21255537
the halvening alone is a basis for that, but not even close to my only reasoning.

>>21255552
>relic
you're an absolute retard. enjoy your flavor of the month shitcoin and complete lack of monetary understanding.

>>21255598
>I have a late 2016 vibe right now
your gut is good. keep listening to it.

>>21255068
>By the time it was over i had bled -98.5% on my portofolio from my ATH. I was one of the lucky ones as i cashed out 50% of my gains at the top so technically i only lost half my money but I know some anons lost if all.
>>21255677
you literally bagholded your folio to -99% out of greed and you are here talking shit about BTC hitting 90K and market in general hitting trillions.
solid advice anon, bought 100K

>>21255686
What a massively simplified childish view of cash flow in free markets you have.

>>21255002
I didn't catch the 2017 bubble, sorry you're a greedy retard who saw 50X and decided to HODL, hope you kill yourself over it.

>>21255613
as has been mentioned by others, the 2017 altcoin situation was very reminiscent of the 2000 dotcom crash. as most of the people here were toddlers at that time they don't know what that means, but adults DO and this is easy to put together.
what's happening right now is something else entirely.

consider looking at the dotcom tech stocks, Pets.com and the many, many more. Now look at Amazon.com at the same time. We are twenty years out - would investing in Amazon.com in 1999 have been a good idea?

>>21255756
stay pore faggot your loses have damaged you emotionally and now youre too paranoid and risk averse to take full advantage of this bullrun

My greatest fear with the current bull run is unironically ETH. I often have fees of $10+ and when the price surges it will be even worse. How the fuck will one get out of the uniswap shitcoins? I think when the bullrun is in full swing I will move all my coins to an exchange where the fee is not payed in ETH so that I can cash out quickly. Don't want to wait 1 hour on that shitty network only to get an error message that my order has failed despite paying fees of multiple hundred dollars.

>>21255642
imagine thinking you're actually smart. the niggers discussing btc 12 years ago answered this idiotic shit.

>>21255674
Zoom out.
Link is the only coins that had such a stupid growth over the last 2 years.

Redditors holding LTC, NANO TRON and the other legions of flatlined shitcoins are still in the gutter. Global marketcap is the same as last year.

It hasn't even begin and you're already panicking kek.

Which safe stablecoin should i buy into after selling my shitcoins during dump to buy them later and don't lose all my money?

>>21255785
comparing crypto magic internet tokens to AMAZON with 40% retail market share in United States. never change biz

>>21255677
the fright of these scarred kids is what will make us the big gains on this coming run. they'll be bailing out too early because they don't know a fucking thing about any of it. Good on them, I hope they don't lose their shirts

>>21255722
If you understand the halving and where we are now it absolutely isn't. I will assume your other unspecified reasons are also baseless nonsense. You will not see btc above 15k this year.

>>21255837
making that statement in hindsight and not from the perspective of one in 1999

>>21255821
no retard, look at BAND. Even fucking DOGE. link is as useless as DOGE

>>21254012
$2K eoy, fren. You're gonna make it. Just not as much as me, averaged in at 18 cents.

>>21255876
You're the retard, not worth discussing with a stupid faggot like you when all the numbers show you're wrong.

>>21255903
whatever, keep holding the bags, don't care

>>21255811
never lost a single buck in crypto. also gl with your paper gains kid
>>21255821
yeah when you zoom out you see BTC declining, from 19K , to 14K, and down to 12K with 12K being the barrier that hasnt been crossed and been massively rejected every time we pop above it. do you want me to chart it for you or you can draw the line yourself and actually see the bigger picture

>>21255837
I swear to fuck biz is as bad as reddit these days with all the eternal optimist moon kids. It's not even satire anymore.

>>21255768
the price of BTC is supply and demand. supply has decreased, and demand is increasing. enormous percentages of the supply are held by die hard never-sellers. within 18 months the first State will announce their new digital currency, legitimizing the concept in the minds of NPC's. Do the math, friend.

>>21255837
That's why you buy coins that do something you think has an intrinsic value

>>21254471
>everyone kept saying it was "the january dip" like it happened every year.
another forgotten piece of lore was wall street employees who were supposedly going to use their EOY bonuses to pump our bags. lmao

>>21252793
You would refresh your delta app and see thousands of dollars disappear every time you refreshed it.

>>21255930
Too much to make fun of here but keep embarrassing yourself if you see fit. You do sound like a 15 year old who just saw wolf of wall street though.

>>21255837
What was Amazon's marketshare in 1999 you bloviating mong?

>>21255925
For how many days in its 11.5 year history was BTC above its current price? In effect we are at the all-time high, as this is the longest period it has been steady above $10k by a long shot.

>>21255927
noone from those morons were here 2017 so its just a cycle
>>21255940
yup thats why i bought LINK for 2800 sats and unloaded 80% of it already 2 years later
>>21255967
yeah you are right you win, im done responding to you. not my level

Started investing like three months before the gbr
Didn't cash out, figured it was a temporary dip

Now years later I'm fully prepared for the next bull run
Overleveraged, and with a cashing out strategy

>>21255957
each one of my statements was factual and provable. too bad you're too much of a gamma faggot to recognize you are massively outclassed. i bet you've never even been in a meeting in an office where you were allowed to speak.

>>21255925
have fun with your meme lines faggot you'll fomo in around the same time niggers are buying xrp at the top

>>21254781
>Applemilk1988
That's a fucking blast from the past

>>21252793
We all got distracted dreaming about what colour lambo we were getting. It dip we laughed it off and bought more like any other dip, but unironically it didn't stop dipping after everytime we bought the "bottom". Fyi, no cunt knows the bottom and im sure as hell that will be the same for the top. If anyone claims they do they are lying kikes.

>>21256042
I bet you weren't even born when Amazon was selling for $25 in 1999 and considered a risk, but promising. I bet you don't even know a fucking thing about any of it. It doesn't bother me one bit that you can't admit that here, I just ask that you admit it to yourself. Or not, don't care, I'll happily take the coming gains while you sit on the sideline, jerking it to trannyporn.

>>21256065
in all honesty, we need retards like you to make money. So thanks for being here holding bags.

>>21256065
i dont even use TA on my investments, my strat is to look for undervalued assets pure fundamentals.
also not panic buying or selling, im a patient man.

>>21256054
>dig dig dig
>cope

Anon stop adults are trying to have a conversation. Funnily enough I've got a meeting in 20 minutes but I'm not sad enough to think having office meetings with npcs is something to brag about.

>>21256099
i was 9 years old then ! also milf is my genre, couple of more posts and we will get to know each other more

>>21255785
>the 2017 altcoin situation was very reminiscent of the 2000 dotcom crash.
>what's happening right now is something else entirely.
You mean something even dumber right? This time it's next level bullshit pumping. Link, hex, ampl, everything is just so dumb. Everyone thinks their chosen coin is fucking Amazon. Get a grip.

>>21255946
Yeah I remember that rofl

the hype level was so high that no one gave a shit that price was crashing. bitcoin crashed 20-40% numerous times in 2017 as it went from 1k to 20k, so it wasn't easy to tell when it was crashing for real.

>>21256116
>undervalued assets
you mean underbought but sufficiently hyped?

very few of these coins have any value. even fewer crypto enthusiasts on internet forums have any legitimate knowledge of money, global politics, market behaviors, or even the ability to measure time in increments longer than a year.

>>21256161
>link has an actual use
>ample already imploded
Zero clue about hex

>>21256141
i was going to call you a pajeet but i remembered i wasn't on /pol/. thanks for confirming. don't forget to bring a rag to that meeting, they'll ask for it.

>>21256043
>cashing out
ngmi

>>21255946
>chinese new year

>>21256161
here's a hot tip you don't deserve; go actually learn about the dotcom 1.0 years. start with 1996 and follow through 2001. i admit it's hard to get the feel for it because so much of it was erased so quickly, but if you try you can figure it out more or less. THAT did resemble what happened in 2017, with crazy multiplying of values in a day, random guys in sweaters launching vaporware and cashing out in a week, etc. Those two things have similarities and they are easy to identify. What's happening right now is very different. A few day traders are trying to position themselves for an altcoin season but it won't be like it was before. There are less than a dozen winners this time around and only one that matters.

Understand it this way: there is BTC and there is everything else. In the everything else pile there are a few that will do ok but none will 100x ever.

>>21252793
I started buying with the little money I had cashed out previously.
Worked out okay, but I started buying way too early, I really underestimated how low we could go.

Sell signal
>parents grandparents openly talking about bitcoin
>barber talking about bitcoin
>mass influx of normies
>social media posts on tiktok 5x what you see now
>/biz having 3+ "houses/cars" make it threads 100-200 replies
>tech illiterate coworkers discussing bitcoin
>open scams & ponzi schemes being promoted blowing up
>constant reading from reddit & biz posters warning that we are in a bubble

I knew hearing my barber discuss bitcoin was a massive sell signal. Also you'll have a gut feeling, that things are extremely high.

Right now marketcap is around 300bil, during the last bullrun it was at around 800billion

Celebs like DJ Khaled, floyd mayweather, 50 cent all reporting about bitcoin usage happened also.

Coin companies were releasing news like crazy, "partnership with the united nations" - horizon token
Felt as if they were competing with each other

Then you had coins like enigma or elixir gaining hype just because " true professionals don't give a fuck about marketing, there truly in it for the tech"

>>21256285
>but none will 100x ever.
I think some shitcoins already did though?

>>21256193
for now, im retired from crypto game as i took 80% of my money out of the table already. maybe i will even cash more out or flip some shit.

also i was all-in LINK for 2 years since everything other was just pure garbage in my eyes, but that's another story.

>>21253285
I still hold my shit too. Im down as fuck with TRX and XRP. Both are gonna moon no matter what. If you are smart and dont need the money you just dont sell. If the product is good you are gonna profit even of you buy in a bubble.

>>21256285
You are a massive retard. King of dunning kruger. I've already made a point about what this is earlier in the thread and you genuinely don't deserve any good advice.

>>21252793
Look at this 5 year trend for "buy bitcoin" on Google Trends, if you used this as a way to call the top you would have done extremely well. It seems its all about when normies got all in

>>21256375
a real sell signal to watch for, rather than this kind of mythological stuff people pull from the media:

people talking about their recent crypto earnings in the corporate media, showing off what they're doing with the money, having just cashed some or all out.

>>21255317
you can just swap to tether now and be safe

>>21256379
sit on a BTC.

>>21256406
>dunning kruger.
i'm 100% certain that you don't even know what that study actually proved that makes it significant.

>>21256517
i don't, but i'm curious now

>>21256431
this is a genuinely useful metric for sentiment, and it shows clearly what the wise people are saying in this thread: we are only in the beginning ripples of the next crypto wave.

>>21256475
heres the devil again. i shilled crypto in 2018 when it was in downfall to 30+ of my irl friends that never bought, as i stated that this is the time to buy and load.

NONE put even 100$ in, because news about it crashing were all over the place.

do you think they will buy into this "ponzi" with all the information avaible about people losing their life savings overnight in current global situation ?
>>21256493
i dont trust tether, cash already in the bank, and cashing out of those jews too.
>>21256500
nah fuck that, im hedging against crypto, until proven otherwise. i can always catch some dips on the way as im not panic buyer and make money scalping moves.

>>21256517
>knows about dunning kruger and thinks it makes him hot shit
This is exactly what I meant

>>21256431
>Look at this 5 year trend for "buy bitcoin" on Google Trends, if you used this as a way to call the top you would have done extremely well. It seems its all about when normies got all in
and this might never happen again, as we already burned and destroy their lives.

>>21256475
Yes

Though this bullrun will have new dynamics not yet seen in history.

>dollar dropping in value as the united states continues to print more money
>covid pandemic with millions losing jobs
>election year; trump vs biden
>rising trade tensions
>zombie companies that cannot fail
>social unrest and protesting
>companies taking direct interest in going digital to compete
>zoomers and younger become more techy savy than any generation prior


Its going to be another historical bullrun.

>>21256580
very intellectually consistent - I'm proud of you!

>>21256535
since you asked, dunning-kruger is used by redditors to be "hrpp drrrr some people are stupid and stupid people think they're smart drrr." that's wrong, and I love it because every time I see someone use that I get to genuinely watch it be enacted.

the real thing it proved is genuinely hard for most people to understand and it proves itself in this way. Dunning-Kruger established that the definition of competence is /the ability to recognize competence/. It found that people who were incompetent were so in part because they didn't know what competence was, were unaware it exists, and therefore did not strive for it. The entire concept was beyond their capability. If you know what competence is and can unpack it in a given situation you are /by definition/ competent, according to Dunning-Kruger. If you think you get it, keep thinking on it because this is one of the great lessons to learn if you are on the right side of it. It makes life among the middling a lot more bearable.

>>21256679
thanks

>>21256668
sounds more like a crash and burn dynamic

>>21256376
They did. He doesn't know his arse from his elbow, evident in everything he's said in this thread.

>>21256611
definitely possible but there may have been enough time for some to recover, plus zoomers who weren't around then who can draw on lines of credit etc. Based on the normies I talked to at the time in 2017 I don't think many were actually going all in

https://en.wikipedia.org/wiki/Capital_flight

>>21253570
Not defensive, but the crypto market cap really hasn’t gone up much, I think its just getting started

The ony thing I learned from 2017 crash is to always take profit. Fuck marrying some internet coin. Link is on the top together with BTC and ETH, but anyone intending to hold it until $1000 is delusional.

>>21256785
i meant in a short time frame but i really don't pay much attention to altcoins. what has 100x since EOY 2019?

>>21256802
i think you're onto a very good point here. even in 2017 people were generally far less risk averse. as the times have changed we have seen a major ramp-up in foolishness. people are out there every day ruining their lives over nothing, it's the tenor of the times. that desperation to latch onto something while all the structures beneath our feet dissolve is certain to drive some financial risk-taking of the kind unimaginable even a couple years ago. I look forward to taking their money.

Normies dont even understand FIAT money. They dont even understand the concept of inflation. How can you expect them to understand something like Bitcoin?

All that matters is the long term direction of capital from the upper classes and the elites, and the upper classes are fleeing traditional stores of wealth and going into traditional stores like Precious Metals, and the new digital alternative, Bitcoin. Never loose sight of that. Bitcoin is digital Gold, and will ALWAYS be the primary digital store of value. Everything else is built around that and either adds value to this infrastructure or doesn't. If you aren't investing in things that do like ETH, LINK, XSN, LIT and other things that provide REAL UTILITY and bring TRUE VALUE to the crypto ecosystem, you are not going to make it.

>>21257183
extremely based

>>21253441
Not true
DURING the sellof of btc the alts mooned

How do others feel who weathered 2017 until now? I notice there are at least a decent amount of anons feeling fearful now and taking profit from LINK and such. I am thinking they are all scarred from 2 years of bear, and being emotional more than logical.
To me it seems like this bull cycle is just getting started as it was predicted some time ago. It seems like most BTC indicators point to things looking good.
Then if focus solely on LINK it looks more bullish than ever, basically what we dreamed of for the past 2 years, yet at least some supposed oldfags are selling.
Also people getting freaked out by normies on twitter, but this was bound to happen. If crypto twitter was this popular back when ETH took off in 2017 it would of been ridiculous.
Do most of you still feel like this is the end of 2016 status right now? Or am I the one not being logical and being emotional with all my gains?

>>21255834
DAI (best), USDC (if DAI goes bonkers during sell offs)

>>21257325
my best advice for crypto and everything else is to ignore twitter.

>>21257302
You’re retarded.
The only reason people were moving their funds into altcoins was because they had faster transfers and transactions than BTC. This is why things like LTC and raiblocks (Nano) went parabolic. People couldnt get their money out through BTC anymore.

>>21257449
Sure bro
Also, i just sold it into BTC
Never watch ar the btc price but at the SAT the alts are worth

>>21256431
You think these boomers will buy into our scam a second time?

>>21253570
>This is the only time I am gonna say this, and your beliefs won't matter. I'm tired of this board so let all the idiots who won't read this lose their money.

>The dump is coming sooner than you think. Take. profits. now.

>>21257482
I eventually cashed out in BTC as well but moving between exchanges/wallets was much faster with altcoins. I made my best gains on raiblocks around that time.

>>21256679
I needed to read this.

>>21252793
Retards actually bought the "never selling" meme and got stuck bagholding forever

>>21256375
Yeah but it started in november, my portfolio still did a 20x from there.

No one could see it was the real crash, we had countless crashes on the way from 4k btc.
The bears who sold in september because btc was too high had to buy again at a way higher price.
Personally I got lucky, in January I had way to much money on binance to sleep well, so when I was down 20% from my ath I panic sold all the way to fiat on my bank account.
I only kept 10k$ who turned to nearly nothing.

>>21257325
The same who were permabulls in 2018 are now permabears.

>>21257553
Yeah but other retards (a lot) thought a 8$ eth was too high and sold.
Same with btc and many other shit coins.

>>21257543
Kek
I bought it too late but still made a 4x AND luckily moved it out of bitgrail
What a shitshow everything was

>>21257553
People were just hopeful. I remember at the peak of december friends were still putting in multiple thousands to acquire xrp and ADA. I sold 80% of my portfolio the first week of january and still managed to keep 1 BTC. Nearly all of my friends are now eternal bagholders.

>>21252793

i have been here since 2017 and made nothing. i lost all of my money and im pretty sure i am not alone.

in 2017 biz shilled tons of shitcoins - and a lot of them looked quite promising.

Most of us had huge stacks and we all wanted to go to lambo land. We opened threads about our "progress" and showed our folios.

Sadly in just a few days the market crashed so hard that a lot of us lost most of our money.

I still hold my funfair, icx and req bags. A lot of the coins lost 99% of their value and never recovered.

>>21252793
I remember the 'you can't cash out' memes and also coinbase was down. So now, crypto gains aren't real and as soon as the bubble pops you're locked with your bags

>>21257625
I remember buying around 30 cents and selling way above 30 euro’s. I got my funds off that shit website a few days before it got hacked, couldnt be more lucky haha.

>>21253441
Chinese New Year, they are just cashing out to buy presents! Happens every year...

I'm gonna leave this here hoping some of you take profits and don't bag hold.
Current AI price prediction data from token metrics.
First their historic price prediction accuracy

>>21252793
I bought this shit during the biz pump & dump. Was left bagholding until it reached 20k$ in january but didn't sold. Now eternally bagholding this because the team left the project in 2019. Afterwards it's always easy to say "I should've done this or that" but it was euphoria and I didn't know better. Glad I also bought LINK during the sibos pump and eventually managed to accumulate 25k LINK.

>>21255768
people will sell their shit assets and buy whatever can store them value.

>>21252793
i dunno but im glad i bought into weed stocks during the same time which offset my losses from FOMOing into bitcoin
wish i also bought AMD

>>21252793

crash started second/third week of Jan 2018 retard. 2017 is bull and early 2018 is crash

>>21255814
Which exchanges don’t pay fees in ETH?

>>21252793
My portfolio in 2017 hit 25k-30k and I didn't sell. Almost killed myself.

Where is the guy who posted the AI predictions? You deleted the posts? I was just about to reply to you

Here’s what happened.

Posted AI data from a service I use here if anyone's interested

>>21258136

>>21258250
Hahaha holy mother of kek. If i ever make it big i’m going to get this on canvas and place it in my estate.

>>21252793
bitconneeeeeeeeeeeeeeeeeeeeeeeeect happenned

>>21252981
same

never selling unless I make it
Should have sold some when it started to fall though, I had already 10x my investment, but was too overwhelmed with other work stuff and let it slide at the time

>>21253787
people seem to forget that coinbase was the way to go from coins to fiat back then; majority used it for that anyways. Two things came into play:
1. the transactions were flooded, some transaction were really slow/needed more gas to get through in time. There were backlogs, hiccups at exchanges and stuff.
2. coinbase, for example, closed the trading whenever there were big price movements. Much like a bank would hold their service if people were to cash out at once.

It was in a way like lottery. Say you were to sell your neo. You would move it from wallet to exchange1, trade it for eth, send it to exchange2, sell it for usd. But what takes 5min total rn took like 10h back then. Including all the price movements, you would likely lose another 20% during the process just to find out, you couldnt get it out cause exchange blocked all service. It was a total shit show in Dec and Jan.

tl;dr: No. It was not possible as it is now. However, it was possible to get out in maybe 48h tops. Including all transactions.

I think it really redpilled a lot of newfags like myself about the whole "crypto space". Thankfully I rode some shitcoins and then crashed down, but I was still up from my initial while others might have been completely justed. Also I'm glad I found biz in 2018 January and got linkpilled by anons here. You know like trusting chinks, trusting teams who basically only shill on Twitter etc. I think this really gave me a good viewpoint or so when I compared the Chainlink's team to other crypto teams. That was really the time when I became obsessed with Chainlink. Like how come Sergey didn't do a single tweet during the bullrun? The swift connection, the memes on biz 24/7. Anons explaining the basics of smartcontracts and thus the oracle problem. Sergey's calculated behaviour.

my ath was 1.5 Mill...would have settled if I took out. but Muuhhhh thought small correction....ended up 600k in couple days. one nervous day with out thinking much cashed out 500k. left 100k that become 6k this march. but crawling back to 30k now.

>>21253793
Based advice.

>>21256668
>zoomers and younger become more techy savy than any generation prior

This is false. They can work their way through social media but that’s about it. The vast majority of them will have no clue how to set up wallet, private keys, etherscan etc.

>>21252793
you mean the 2018 dip? at least get the year right

>>21253802
lmfao, that's who set off the protests, demonstrations and riots?!

>>21258473
this is true unfortunately. I worked with students the past 2 years and its mindblowing how electronic devices and social media are 90% of their lives, but at the same time they have absolutely no fucking idea of digital infrastructure, os or even fkn excel. I think it has to do with them being too late to the party to see these things develop. Electronics are just there for them. The people "behind" it are 30-50yo rn.
There will always be nerds, though.

>>21253570
(((you))) aren't getting my linkies
you hear me kike?
my 20k linkies are gone forever

>>21255045
include XRP too

>>21258632
everything is being dumbed down, kids today don't even know how to take a screenshot. or how to convert a png to jpg without using a website that does it for them (with an added watermark, "but that's fine")

>>21254012
You might have bought some of my XRP back then..

>>21258473
Going to have to disagree with you on this one.
Just look at what recently happened to dodgecoin.

I'm not saying they can install arch on a macbook, I am saying they are much more tech minded than generations prior.

>My friends 10yr kids can work an iphone better than my mom.

Theres more apps out now today that makes the process easier than in 2017. You don't need private keys, just keep it on Coinbase, need a wallet?, download one off the app store.

>>21253735
You have to look at the context. Even during the 2017 bullrun, there were a bunch of fake-outs where the price would plummet like 30-40%, but then recover. It wasn't like it was a smooth ascent up to 19k and that was the only big drop. So people at first thought it was just another situation like that.

>>21258381
fuck, this is so true. i completely forgot what a shitshow cashing out was back then. this is one of the reasons i only hold a few coins now.
everything this anon said is accurate

>>21253934
Shoeshiners it's always shoeshiners.
When people with little to no interest in finance and don't work in finance start talking about something in finance it is time to fucking sell. When fox news and cnn are talking about a crypto daily it is time to fucking sell. When you have some random boomer customer, kid, or other guy come up to you at work and bring it up it's time to sell.

Right now LINK could be the next BTC and Etherium but its huge rises, if it continues after this correction, are not going to go unnoticed by normies forever, and while I'm an advocate of holding, I'm going to be ready to sell at a moment's notice if it starts being talked about in the radio and on television.

>>21258864
i had forgotten about crypto in 2017 when i heard that the price was climbing to retarded levels, then i started to research how to cash out the BTC i had and i really lucked out because just after i sold the price started to drop.

had i known beforehand how to cash out my BTC i would have sold too early, had i not rushed to find out how to sell i would have sold too late. it was the single luckiest money-related moment in my life, tripled my savings.

>>21259027
>When people with little to no interest in finance and don't work in finance start talking about something in finance it is time to fucking sell. When fox news and cnn are talking about a crypto daily it is time to fucking sell. When you have some random boomer customer, kid, or other guy come up to you at work and bring it up it's time to sell.
this
people talking about "normies are in" in this thread are permabear because of the crash
this is NOTHING like 2017. some random youtubers and twitter accounts is not "normies". you couldn't leave the house without hearing people talking about crypto, noticing strangers checking their coinbase app on their phones, etc in nov-dec 2017.

>>21253643
no everything collapsed. btc went down 85%

>>21252793
Your two choices are riding it to make it level or to 0, no other options. Cashing out in between you're better off in stocks.

>>21259095
We're in 2016 right now. It's probably the perfect time to invest a lot, just be wary. Crypto talk is circulating a lot in finance enthusiast areas right now so it won't be too long before normies get back in. I'd say November or December 2021 will be the next crash, especially of the economy recovers and suddenly more people have money to throw around again

you dumb niggers

this party isn't over untile BTC hits all time highs and starts declining

only then will the bullrun be over

we have 12-16 months left of gains you faggot

dont trade like a fag and hold good coins and you will be rich

>>21259327
>reddit spacing
>phone poster

but I hope you're right
I'll start selling gradually as I inch closer to making it territory whether I think it keeps going or not, if the past 3 years didn't teach me how to get there on another retard bullrun then I might as well neck

>>21259144
yeah but that's 85% form the 18k ATH right?

>>21255376
i shouldn't explain this to a retard but when the eth network gets clogged good luck using uniswap. it cost me 15$ and 20 min to get out of a sta on there

What about the upcoming corona recession anons?

Surely it will take crypto with it.

The reason this board is full of fear is because right now its full of normies and retards who hopped onto pump trains and probably couldn't describe what their tokens do or how they work.
The bubble isn't crypto, its shitcoins. Those of us in legitimate projects aren't worried.

>>21259095
This is going to be way bigger than 2017-2018. A lot of factors are at play. The main thing is that 2017-2018 spread the seeds of awareness about crypto with the general public, but most people didn't actually buy, or had trouble doing so simply because the exchanges were overwhelmed. Only a few people got burned. A lot of people now are thinking "if it happened before, it could happen again" and they don't want to miss that bubble. We'll slowly but surely see more and more normies buying in the next crypto bubble...

Not to mention a whole generation of zoomers coming of age and having some money to throw at speculative investments.

>>21259458
Coronavirus is basically a hoax. There's not going to be any "muh second wave" or any of that shit, although it wouldn't surprise me if, starting this fall, people start freaking out and labeling every case of flu or common cold as coronavirus and doing the whole end-of-the-world bit again.
Markets might eventually collapse. Not from coronavirus though, but from the complete economic shutdown that occurred during the spring, since its repercussions are being delayed via unlimited money printing. Can't last forever though.

However, it's still a good question whether crypto will follow stonks. Usually they aren't highly correlated, but they were during the march crash. Even so, crypto recovered more quickly than traditional markets. So I'm not going to let that phase me. Just have extra money set aside to buy the dip if a big crash occurs. Just like what I did in March/April.

>>21257677
> Sadly in just a few days the market crashed
It didnt really happen like this. Maybe if you had your money in Bitconnect, but I had my fingers in a lot of shit coin pies, but I still had plenty of time to cash out during the drop. I even remember telling one of my friends at the absolute peak that I was gonna tether up because things were gettinng crazy. But did i do that? No , i was a greedy little piglet, and held all the down. I went from 55k to 3k. It took months though, and every time i thought about selling, the thought of missing out on moons and biz telling me its going back up made me not. Never again, after the first inital drop i am GTFO out of all my positions and holding something stable like gemini coin or dai.

>>21254012
What happened to xrp? It seemed like a serious project.

>>21259448
i shouldn't explain this to a retard but I simp a high fee for my esteemed miners and my transactions goes through lickety split every fucking time without fail you get me jack? yeah watching 200, 300 in the gas price hurts, but it's what you gotta do if you're playing ball.

What kind of profits should we be taking? I’ve never been subscribed to the never selling brigade, but with my linklet stack idk what to do

>>21259561
This is true. I think the main factors that come into play this time are
1) The infrastructure is much more mature now. Fiat on-ramps are more plentiful and easier to use now.
2) 2017 was the first time that bitcoin really took hold in the public eye. Because it was their first time hearing about it, when it crashed there was no confidence in it, and many people thought that was it. The next theoretical bull run for crypto will be the SECOND time they're really hearing about it again. If it passes ATH, this will boost a lot of confidence in normalfag investors, who can now tell themselves "okay even if I time this poorly and it dumps, bitcoin has showed that its resilient and worst case scenario I'll just have to hold 4 years until the next cycle pumps even higher"

>>21255107
what are you waiting for since you are out? Being patient about being right? ridic

>>21254781
>This rally will fail like all the others.

>>21252793
>What exactly happened during the 2017 crash?
>"For the first time in its life, the universe will be permanent and unchanging. Entropy finally stops increasing, because the cosmos cannot get any more disordered. Nothing happens, and it keeps not happening, forever..."

>>21253650
Bull fucking shit

this thread is proof we are headed down, dramatically— before we go back up

>>21259964
How so?

>>21259749
this nigga gets it

Market makers and bots decided we had enough upside, so now they can turn short positions and force it all down with infinite stable coins. It's a meme market.

>>21257500
Nice argument, cuck.

everyone market sold at the same time anon

>>21252876
Linktards seething

>>21256542
please don't say Ripple and Crypto Wave in the same sentence ever again

>>21253820
Also don't forget how btfo the formerly cautious people were that sold the dips.

They were always laught at and after the price went up like 50-100% again they usually fomoed back in. At the end of 2017 everybody was disciplined to NOT sell when there were dips.

>>21253441
>>21257302

this.

I remember new years eve watching XRP moon on my phone all night and could barely enjoy myself because all the alts were pumping and was a retard and trying to swing trade

>>21259964
this structure of argument should euthanized
makes retards flipping coins sound like prophets

>>21253787

I mean I remember one point I made 22k in half an hour while playing darksiders 2 off my shitcoin stash. My shitcoin stash. That's meant to be under 500 - 1000 USD. I was throwing 5 k around liek nothing, didn't track %s etc. It was impossible to understand unless you lived it. Unironically I sold around 40% when my gf (who knew I'd been in cryptio since ETH ICO) called me up the day before new years asking if she should buy LITECOIN because her workfriend who is a retard said its like bitcoin silver. We've all heard the shoeshine boy analogy, and my gf just showed me the shoe rag. The only thing I didnt sell was my LINK, and still haven't. It was the slow bleed which was the worst. Dumps are fine, at least its movement. But it was literally a 0.3 - 0.4% loss every day or 2 days with half the upside if it did go up. It was awful. You would sell, and it would basically be flat for 6 days, and your FOMO would kick in. Was very very tough.

My best gainers were unironically shitcoins from shitty cexes like cryptopia and tradeogre. Anyways Im at a stack size now where its not worth it being the zoomy shitcoin flipper on uniswap.

>>21260338
This. The problem with people looking at simplistic shit like pic-related is that it's not some smooth ascent/descent like that. The entire way up and down there are pretty heavy spikes and dips. During 2017 there were a ton of times it would plummet 30% and then quickly bounce up and go far higher. It's easy to look back on it and say "classic market cycle chart!" but that doesn't work while you're in the middle of it and the irratic movements make it impossible to tell when the top is in.

>>21255720
That would be true for the median, not average. Kek

Also I really hope BTC burns a lot of people even though I know this will also harm good tech like Cardano or Algorand. Piece of centralized, wasteful obsolete piece of shit

>>21253643
>>21253699

oh fuck i remember deepbrainchain! It was memed to hell on here and i bought and made a ton on the ride up and luckly sold as soon as the memes stopped. my normie friends that i told to buy it still have bags sitting on kucoin. thanks for the membaberries

>>21260510
Yeah i remember having 20k in DEEP BRAIN CHAIN and thought nothing of it lol. I also put in $750 into ETHCRAFT (a blockchain game that never happened). Top fucking kek

>>21260679
>ETHCRAFT
actually this one is happening... now
it's out
you can play it

>>21255837
Are you retarded? He's saying crypto now is like amazon back then when it was just some small-time website where you could buy paperbacks.

>>21259964
You really can't compare now with 2017. 2016? yes maybe. If we go down now before BTC and ETH reach their ATH, then this isn't a bullmarket in the first place but a mere continuation of the bear market 2018. You can only be sure of us being in a bullmarket if those to pass comfortably their ATHs, and then you WILL see the same stupidity and fomo that was there in 2017, 100% certain. Imagine when BTC scratches 30k or ETH 2.5k. Mainstream fomo will be back like a motherfucker. This ... now ... is barely a teaser. Those selling now are literally the guys selling in August 2016 because they thought MT GOX was the end of it and it will never go higher.

>>21260562
Pic rel is literally what kikes want you to follow, so they can justify their scam shorts.

>>21255816
What was the answer?

Also what is the answer to bicoin essentially belonging to China now? I myself say does not matter, they are happy to provide a currency for western tax evasion and money laundering.

>>21257302
>DURING the sellof of btc the alts mooned
nah that's just not true, altcoins got fucking slaughtered whenever btc dumped, with the occassional exception of xrp or eth

Interesting thread.

So for a newfag, what stage are we in just now? Will btc do a massive run like according to the graphs? Will alts follow like 2017?

I think I’m just going to set price limits on stuff and cash out accordingly. Even if stuff goes way past it. Better to secure profits. Hoping to make it though, but it’s probably a pipe dream

>>21252793

thanks for the best thread in awhile anon

>>21253339
God damm!

Imagine if the market worked that way

>>21255197
Corporations and central banks have only brought ruin to crypto you fool. XAMP will fix this shameful time in crypto history

>>21253507
Why people didn't move the profits to a stable coin?

There were stable coins... Right?

>>21259561
>because the exchanges were overwhelmed
I remember exchanges not allowing new sign-ups. That was a good sell signal as well but I'm not sure if that will happen again..

I saw insane gains (200k+) during the 2017 bull run, despite being a retard with very little trading knowledge. Obviously in hindsight I should've spotted the warning signs of the crash but I treated it as if it was just another retracement before continuing higher. The value of my stack didn't even feel real, I think largely due to the fact that it all happened in the space of 2-3 weeks. Why would I sell when it could go to a million? It was a costly lesson but one of the most important i've ever had.

I am a lot more comfortable/less emotional with trading now, and feel prepared If we get another 2017 bull market again. The only advice I have is to take profit. You will never sell the top, but taking profit regularly will help secure your gains. It's all good refreshing your portfolio tracker to see you've gained another 1000 but it's worth nothing unless it's in your bank.

>>21252981
XLM WILL RISE AGAIN

>>21257553
This.

>>21259704
do not, I repeat, do not underestimate XRP. XRP plays dead until it doesn't, it has done it before it will do it again. If we really enter a proper bullmarket xrp will surpass its previous ath in a blink of an eye.

>>21256285
>go actually learn about the dotcom 1.0 years. start with 1996 and follow through 2001
neat tip, can you recommend a book?

>>21261034

Look, I get it, you were born in a bear market. As in if you grba a coin that goes 10-15%, you sell and you walk off unless you're long term holding. Profits are profits right? Pat yourself on the back, yours is the only green in a sea of red.

In the bull, and a pure bull, you sell at 10-15%, it goes to 35%, you panic, you buy back in at 35%, it drops to 28% you sell, it goes to 55% you rage, and you move ot another coin. You come back 3 days later and see that original coin has gone x 3.

You need to be battle tested to be able to walk away. And god forbid its a coin that you believe in, like LINK, which goes up 45%, surely you've to sell, then it crabs around 205%, and roars another 20%. You cant imagine it until you've been in it. If you're a poorfag, 10k USD seems tonnes. You stop thinking in single digit percentages, and start thinking in x2/ x3/ x5/ x10. And unfrotaunetly, alot of new guys here are gonna get fucking roasted because they wont see it coming. All the influecners they follow, all the "big dogs" are all just crypto fags from 17 whos tuck it out and now have a following. They'll psot charts and stuff about fundamentals all while selling into, and voila. A new generation is born. They remain around 50% in stablecoins, and yield farm like crazy. Thats what a good chunk of us are doing now essentially.

>>21261121
really good advice

>>21256285
We literally had several coins that went 100x in the past few weeks. What the fuck are you talking about?

>>21261121

Yeah, the non emotional trading is everything

>>21254171
I will print this and poster it to my wall

>>21261264
When will this happen bro. Will we enter a proper bull or will btc crash?

>>21255317
This Fear over here... This Fear is the Best buy signal.

You can see in their eyes that this has happend before and they are scared of the aftermath, but we the Brave ones, will use that Fear to burst ourself through this journey, and at the end, WE WILL MAKE IT

>>21261501

No one knows, and anyone, ANYONE who does tell you is bullshitting. If we correct along the way and have small periods filled with dips, then thats healthy. If we rip roar and suddenly people have no porblem spending 20USD on gas fees for a shitcoin flip, then we're heading to parabolic territory.

Hold what you really believe in and that solves an important problem. Have a shitcoin stack, and if you make it grow, great, shave off 50 - 100% of profits and go again. paper money is jsut that, paper money. I haven't had one single bit of glimmer about LINK's rise as I'm not selling any till 50USD or so.

Also BTC is still the heavy hitter, but its not what it once was. EVeryone agrees its pure shit, unlike '17 when people were making excuses for it. BTC maxis missed out on LINK, same with a few ETH maxis, and LINK maxis will miss out on whatever the tru no.4 in the market is.

If you find yourself making stupid money, that's because it is stupid, so don't be stupid and lock some profits in.

>>21261822
cope

>>21261822
I hold btc, link and xsn. Just a million after tax is all I want lol

Thanks for input

I got into crypto about a year ago and have always followed the same idea about profits.
At the start of the run I take back my capital, in form of a stablecoin; provide liquidity,
Then as it continues to rise, I take out a percentage of the profit, all in the name of shielding myself.
Yes, "I could've made x with the y shitcoin that I sold", but taking a profit is always a positive, anyone who says otherwise just enjoys seeing our frens' suffering.
Although I have not lived through a bull market of the likes of 17/18, I won't regret taking profits.

>>21254781
>Applemilk1988
>>21256068
At full force in the mouth, vagina and ass
-Anonymous

>>21256679
This might be why I feel i dont understand the world at all yet do so well at things in my life. Thanks for the explanation, anon.

What some don't seem to remember were the secondary bubbles that happened. Iirc ETH and LTC mooned big after BTC popped. It felt more like you had to rotate with the market more than feeling like things were crashing.

>>21255385
I liked 0xbtc. Mined some, rode the 40x up and all the way back down. Still feels like a loss because I almost sold it for another 12k link but didn't. Now sits in my wallet as a shameful reminder

>>21254994
Governments are also printing shitloads of money for corona stimulus

I remember trying to buy eth on coinbase for $900 thinking "I'll sell all if it hits $1300"

And then it pumped to $1400 and then crashed below $900 before coinbase even gave me my coins.

So then I though "Ok i'll sell once the price recovers"

I still have that ETH.

>>21260895
actly not the worst of ideas, imo. Point is, whether or not you follow through with it, seeing a pop pop pop easy x8 of a coin and still hold on to your plan. Its irritating what greed can do once you have xx% gains a day.

>>21258249
I work in AI.
What is this retardation?

>>21253497
remember when people were selling binance accounts for a few thousand dollars a piece? kek....there were so many new participants entering the market that exchanges couldn't scale. It took Gemeni almost 6 months to open the account I registered with them in Dec. 2017.

>bitcoin barely halt of ath
>eth 2.0 not even here yet
>convergence of macro economic factors that heavily devalue fiat currency

Yeah guys sell. This is totally the top. Fucking retards.

>>21256431
Extremely bullish

>>21262656
> t. I watched MIT lectures on Youtube and now I can judge quality of a model from a single screenshot

>>21253570
I hear you anon but think you're about a year early. This bear market has been going on for 2.5 years now. The halving just happened. There will of course be dips leading up to the bullrun but we havent reached the bullrun yet.

What we have seen is similar to summer 2019. Difference is the halving of btc and the uses cases of crypto soaring, so we're just a preview to the bullrun. Hell even my job is looking at how we can use blockchains to track things. If you were saying this at this time next year maybe. I dont think the dump is coming until Fall 2020. You have to think most people still dont know anything about crypto. Maybe bitcoin they've heard of. Bitcoin needs to get to $30k+ before it's mainstream again. People who left will come back and thats the real start of the bullrun

>>21260578
>That would be true for the median, not average. Kek
lrn2normalise

>>21252981
same

>>21252981
99% of biztards r bagholders , don't worry about it

>>21254171
This is why you have to have price points in your head where you say you'll sell at this amount on the way up. This is why always hodl is a meme. Selling 15%-30% of your stack (or more of you made millions already) then buying back dips with the money you took out is the smart move. People just get greedy or are doom&gloom and sell everything early

>>21252876
It was a great lesson learned for greedy kike /biz/nessmen desu. DBC was my saving grace, I 10x'd and sold but held my OMG from $5 to $28 to $5 lol

crypto is for zoomer losers and weirdo boomers.
smart money is having a laugh with these larping retards. Crypto will never everr be considered as something valuable or as a means of payment by governments.

>>21262002
as someone who was here in 2017, DO NOT SET GOALS LIKE THIS
do you read a single person in this thread saying they got "a million after tax" in 2017? i think one person said they made ~200k and 1) they know they were lucky 2) they didn't even sell the top.
if you want to make money in this market you NEED to avoid crazy high "make it" goal estimations and have a profit taking plan.
up to you to decide how this works - e.g., take 10% every time your portfolio does a 2x from initial investment.
if you DON'T do this, even if you reach $1,000,000+ in blockfolio value, you WILL succumb to emotions and think "just need another 2x before this becomes $2mm!" and before you know it you'll have $10k.
take profits. make a plan and stick to it.

>>21262345
true, too. Some days it seemed like it would just be about which coin was to pump next. Just to find it was all downwards a few days later

>>21254468
Same but then i bought link may 2019 and im above my ath in sats and fiat. That bullshit made my DCA for link $6.66 even though i only bought until October of last year

>>21255181
This right here. We are no where near peak yet. You are only now in the last year hearing mentions of bitcoin in tv shows and it's usually involved in some shady deal. Wait until it's the nerdy suburban teen or goofy All-American dad finding bitcoin

We just broke through year long resistance. All banks have the greenlight to custody crypto. Institutional investment at an ATH & growing 1% btc mindset. Crypto established in the public. mania mindset has formed since the defi explosion.

If this was a time when things outside of crypto were stable, i'd say this is the start of 2017 & run to new highs is confirmed. Now things are different because of the clusterfuck outside of crypto

Stock market is in a full blown mania with bankrupt companies mooning and 25% + retail involvement. Could burst at any time now that new highs are in / close & economic realities are setting in from the covid shutdown, jobs were not just put on hold a lot are done, stimulus is delayed and getting smaller.

I think the bull phase has started but this is the riskiest most unstable run yet. think we're going up faster than a 2 year run, topping faster, crashing faster

Off the top of my head guesses:
- Mania has already started (regardless of where btc price is at the moment, got interrupted)

- Smart contract platforms including ETH gains significant BTC dominance, closes gap again

- ETH taking so long to scale fucks it up more than people see. Great teams from legacy tech have joined the game since crypto surfaced properly a couple years ago, and are releasing scaled products at a critical time when defi is exploding and cheap gas is needed more than ever. Ethereum loses dominance to emerging platforms as a big portion of dapps get siphoned off (starting next month)

- Market rockets off a lot faster due to easier onboarding, being publicly known as "part of the future" from mainstream awareness last time

- Tops lower X than previous run due to earlier profit taking & less people to onboard (clusterfuck unfolding= becoming risk averse, higher % of people with prior market experience)

- Big stock market blow off top probably ends crypto mania, maybe 4-12 months unless unlimited stimulus remains the new norm

- LINK retains top 3-4

>>21252793
I remembered 2014 and sold 90% of my stack for an average price of $15k. Not selling any at $15k this time. $50k EOY.

>>21255594
retarded take