/biz/ - Business & Finance

Don't buy it

>>25227954
In fairness I would think it's gonna go down now. I'm not that much of a cypto expert, but I would think it's in the middle of a long and deep slide.

>>25227954
GREEN ID
50K EOY
NOTICE

>>25228060
oh shit oh fuck i got too cocky SELL SELL SELL

>>25228002
why not it's just trending up consistently for an entire month

>>25227954
>he doesn't know about the correction

Think about it logically OP.
Buying now is no better than slamming money on a roulette wheel. Bitcoin is at the tippy top and will crash eventually. Could be tomorrow, next week or next month, no one knows

>>25228041
that's why you ladder orders say down every $1k to 50% roughly.
adjust if it goes up or down...

>>25227954
dont buy some but also dont not buy some

>>25228130
>Bitcoin is at the tippy top
But how? do you know

>>25227954
Buy some $TON instead and stake it...you can earn a lot more

>>25228303
https://news.bitcoin.com/telegram-ton-cryptocurrency/

?

>>25227954
I think there's some xmas rally going on that's surging the price. Once January rolls around it's gonna tumble down some
Either way, if it hits sub-24k I'm hopping on board

>>25228279
Look at some indicators on the weekly fren. Also keep in mind that institutional investment will start pouring in next year and these people didn't get where they are by buying in at the ATH

Buy it you idiot. Holding is the same as buying and buying is the same as holding.

the number is literally only going up and you're causing yourself undue pain by not buying

buy every dip
set stop losses
win
there will never be this much easy money to make in your life

>>25228279
this shit happened before.

>>25228445
never set a stop loss!
only ever set stop profits!
manage your risk with entry!

>>25228445
what platform can i do stop losses on BTC?

>>25228303
what a dumbass name. ah yes, let's name our vaporware crypto product no one will use after revolutionary fusion reactors.

>>25228511
yea but it mooned like crazy 100x before
this is only a 2.5x

Buy only half of what you were gonna buy, then wait

>>25227954
>>25227954
Do want to buy something that pumped so hard with 0 retracement or consolidations on the daily chart? Lmao. If it comes down (no sell signal yet) it is coming down to 12k or even 6k

Bitcoin is like a flying knife right now, that knife if flying upwards but can reverse direction. I hope for some anons sake that it moons to 100k, but more realistically it will fall to 6k

>>25228615
>realistically
>6k
i dunno man that doesn't seem realistic to me on the long term

>>25228386
Kek... But if it breaks 22k then the bear rally is confirmed

>>25228652
Anything that gets retail traders sweating hard is realistic

>>25228652
as it currently stands 8k is the lowest we could go. Even if we don't hit that, 15k is very plausible.

>>25228660
Yeah fair enough. Gotta watch the trends and all that jazz.

>>25228707
Cope bo. 20k is the new support.

>>25228707
Imagine the pink fields if it dips under 20k even

>>25228596
This is what I did. Nice.

>>25228002
Never take advice from biz

>>25227954
Don't it's run by a for-profit company and is only fueled on by a bunch of retarded hedgefund managers seeking capital flight
It'll get regulated up the wazoo just wait.

>>25228519
huh?

>>25227954
Don't buy it, otherwise the supply will become low and then your coin will get mixed in with mine and then just become a regular coin...which it is.

>>25229307
if you put in a stop loss it will consistently get hit before reversing causing you a slow bleed of net loss.

if you put in a stop profit then you will always make something. you will not only preserve your trading capital but grow it.

>>25229307
He is telling that your stop level should be above buy in level.

>>25229373
based, scam wicks are living proof of this basedness.

>>25227954
I made 10% corn this week, it’s not bad, slightly comfy even.

>>25229307
he is a technical trader
You want to get in at a good time, preferably at support-level so you're looking at the upside
Setting a stop-loss you're admitting a poor entry and ready to liquidate and lose your cash
If you set a stop-loss you shouldn't have entered in the first place, you're gambling.

He's right

>>25229373
>put stop profit at 10%
>it goes to 20%
>put stop loss to -2%
>it goes to -20%
second one seems more reasonable

>>25229481
that's not how it works

>>25227954
I don’t give a fuck what you do. Personally I’m waiting for Uncle Sam to stick his dick in this bitch and make all these faggots sell for their tax bill.

>>25229749
>tfw not Murcan
it's so based

>>25227954
Also because I’m in a good mood. You never buy white wojacks. Pink wojacks maybe. Red wojacks are a good buy. Red wojacks with bloody tears and bloody nostrils are the best.

>>25229863
Best investment advice on Biz in a long time.

>>25229790
Pffft
>not american
K. When boomers lose their money uncle sams dick is going to be inserted very far into bitcoins and crypto’s ass.

>>25229863
op here kek ty

>>25227954
Don't buy it OP I have word from Elon Musk that the second you buy the whales are gonna dump and ruin it for the rest of us.

>>25227954

>It's at 27k

Holy Cannoli my mom is going to kill me, she wanted to buy but I talked her out of it being the logical responsible person that I am. I couldn't see how investing in some unregulated internet monopoly money would ever be a sane responsible decision, but here we are it's still climbing in value. I thought it would never reach a new peak, I just don't know what to believe in anymore.

If she finds out it hit 27k I'm literally never going to hear the end of this.

>>25227954
buy alts instead, swap to btc next month

>>25229350

>>25231848
we're crashing to 15kish in the very near term, could even possibly crash down to 8k. Start buying your way in in the 15-17k range. When it's done this internet monopoly money is going on a moon mission. It's really fucking stupid, but so is the rest of the economy and the stock market given endless line go up. If the entire economy is addicted to speculation it makes sense to get into speculation.

>>25228002
This

>>25228816
>buy when there's blood in the streets
there'll be tons of new money wojaking as soon as we break below 25k.

USD is rapidly becoming worthless. It makes sense that bitcoin will continue to moon into the near future.

BTC will reach 100k at some point soon. play the long game

>>25227954
Can't you decide by yourself?

>>25229863
>not buying darkjaks
ngmi

XLM/XRP ratio now < 1:2
Is XLM going to take over?

>>25227954
it's really too late for anyone with less than $100k to buy it and see gains, if you are seeking shortterm gains stick to alts.

>>25231971
kek

>>25231848
My mom asked me about Bitcoin in 2012 and I told her it sounded like a bunch of bullshit and was probably a honeypot put out by the NSA.

>>25228533
Binance

>>25228799
20k is a strong support (resistance become support), 18-19k is another one (30% corrections are not uncommon during a btc rally, historically) then 20 week and 200 week moving averages are the next strong supports which are currentpy somewhere around 14k and 8k if I remember correctly.
If we go below 18 the bull run is over imo. Anything above that, probably a correction. You have to reassess constantly though.

>>25227954
Put 40 dollars in a bitcoin Interest account like blockfi or crypto.com forget about it for 10 years. See what happens.

>>25227954
buy ethereum or chainlink instead you dummy you

>>25227954
buy WBTC