/biz/ - Business & Finance

It's just a correction, it will be over before you know it, 2017 bullrun went 10x over previous ath, this has only doubled it. just chill, stop looking if you need to and wait

Hold, you already missed your chance to sell. This happens all the time. It'll be higher next week than it was this past week

I am holding, but i am in fear. I want to secure some gains atleast. I will probably sell if we breach 30k when I wake up tommorow. Im so poor omg

>>26328283
He seems to be missing his remote control.
Also laying like that will start to hurt the neck after a while.
The TV would be better mounted in the ceiling where he can look straight up without straining his neck.

>>26328386
Janet Yeller.

>>26328458
>when I wake up tommorow
Son, its going down today.

>>26328283
Why would you not short the Biden administration? Just whatever you have, why aren't you shorting that?

>>26328386
>>26328436
Holy shit, why do you cultist refuse to acknowlege obvious facts?
Secure some gains while you are still in the green you stupid fucks.

>>26328283
look around you at your fellow anons? What are they doing? Do the opposite.

>>26328283
people who think this is the top are retarded bethis is literally the first correction we had.

>>26328643
Buy wall at 30k seems pretty insane.

I’m just gonna hold til 28k. Lost some money but whatever.

>>26328283
I told you fucking retards to buy Intel 3 weeks ago and you called me retarded.

What I'm trying to say is that you CYRPTONAZIS GET WHAT YOU FUCKING DESERVE

>>26328283
Depends on what you are holding.

>>26328722
> this buy wall
WE ARE SAVED

>>26328628
You mean longing dollar? Retard.

>>26328757
Seems like instititional support is going to hold us to 30k and then up from there. Hoping to not be a dumbass here.

>>26328283
I just dont understand
What stops them from selling, then buying again later?

>>26328744
ok faggot I'm litearlly up 300% in the past few months.

Never selling take it down to 10k don't care

>>26328283
Hold man, I've been holding since 2017 and I'm rich

>>26328818
Taxes and it’s a gamble.

Bitcoin has ALWAYS gone up, regardless of dips. The idea that it’s going to fall apart has been fud forever and the longer you’re here the longer you realize emotional panic sellers have a strong tendency to get priced out and make threads about whaling to kill themselves.

>>26328818
Longing...then shorthing

>>26328813
I hope so buddy boyo, I had made 500 out of my 140usd the last 30days. Currently down to 370 so kinda sad, please instiution bros hodl.

>>26328643
>holding BTC
ngmi

>>26328283
hold you idiot.

most people that sold back then had to buy back really high...

>>26328744
imagine getting excited for not a even a 1x, and even more excited on getting taxed for holding it every year.

>>26328932
unironically hodling btc is the best way.

>>26328757
>>26328722
>>26328813
The buy wall is only about 20 million on Coinbase pro. I wouldn't count on it holding for very long...

>>26328722
>>26328757
Buy walls literally do not matter morons

>>26328548
Is that the CEO of bitcoin stocks?

>>26328932
based

>>26329058
Kinda do. Not absolute proof of a trend but a bit of comfort level.

>>26328283
This is a FUD based on the double sale thing, so even though we know it's a FUD, normie sheep are going to shit this down to maybe 20K to 15K. Then if a lot of people lose money, maybe Biden will step in to try and "fix" this malarkey.
"Too many young people have lost too much of their hard earned money in Bitcoin, which is why today, we are investigating it" Then the US politicians will buy in the dip they create no doubt. I can see it happening if the sell off doesn't stop soon.

>>26329108
Yeah it's just basically cope. I'll bet you twenty bucks were gonna crash a bit below 30k.

>>26328386
It's up 5X since March 2020.

>>26329150
You're an absolute moron. Holy holy holy fuck the most stupid post I've seen on biz. It's over

>>26328463
>ignores the water

>>26329207
The people in government aren't as smart as you might think. The lobbyist intervene to help them make the larger decisions. They don't understand crypto at all and Yellen has already talked about taxing unrealized capital gains from the stock market (not that they would ever actually be allowed to do that by the lobbyists).
At this point, I would expect them to do something stupid with crypto, nothing would surprise me.

>live in Australia
>23
>get about 72k a year, not paying rent atm
>90k in ETFs, 8k in crypto (though half of that is in fiat)
>currently getting fucked by the dip
What's my game plan to making it?

>>26329152
this, check again in 30 mins and it flips again, whales adjust thier orders like schizos in case you have any misunderstandings.

>>26329497
I'm not reading any of that. You assumed in your op post that the govt is concerned about their citizens losing money and becoming poorer. That's in fact their plan. They do not give a shit if a bunch of people lose money.

>>26329533
hodl through the dip, if it crashes you buy the crash and then make it. Huge chance this is just a correction.

>>26328283
sell everything

>>26329533
Double/Triple/Quad up at the bottom of the dip. It's the only way.

>>26329533
Unironically just hold and see how this FUD plays out. I can't imagine it going on for more than two days before people figure out this double sale thing is just fake worrying.

>>26329639
And if it crashes, just buy-in at the bottom of the floor and hold for however long until Crypto explodes upward again. Ez gains ez life.

Hoarders with iron hands are accumulating like crazy and taking the coins off the exchanges into cold storage. Once weak hands sell their coins they’re not getting them back.

>>26328643
the rise to 42k is inline with the the last time btc breached ath in early 2017 (1120 to 2900). in fact, that pump was bigger than this pump to 42k, and the correction from that early 2017 pump was 39%. and it was unironically the first sell off. youre imposing the bubble chart to the first sell off and historical data backs me up. either your naive, or youre cherrypicking data to shake out newfags.

>>26328386
>10x
God the retards on this board.

Guess who’s buying your coins? High net worth individuals. People likely worth half a billion dollars or more.

>>26328458
>ill probably sell if it goes lower
this isn't how you trade anon.

>>26329570
>I'm not reading any of that.
>You assumed in your op post that the govt is concerned about their citizens losing money and becoming poorer
don't bother reading it, you missed the point of the first post anyways so perhaps it's wasted on you.
In the hypothetical scenario I gave, the government would be creating a bigger dump by "trying to fix it" and insiders, knowing the government wont do anything, would be buying in the dip
Peace be with you anon.

>>26328548
So what? Fat old kike bitch makes some americucks panic sell? Jesus, the world is ending. You haven't realized already that the USA has become irrelevant as of yesterday?

>>26328802
Biden taxes strengthens the dollar

>>26329244
The water looks fine.
What's wrong with the water?

30 is good. 29 is important. 25 is critical.

>>26328283
Stop being little bitches

>>26328888
Quads checked and based, I’m excited for another buying opportunity. Probably dip down to 26k and then we’re on the bull train.

>>26328283
>Were flash crashes part of the plan
Of coursesh

>>26328283
imagine everyone who sold in 2013 "crash" and how they feel right about now.

I just checked and every BTC I own is worth 100,000,000 Satoshi!

Fucking hell! What a performer!

>>26328548
She didn't do anything and it's day 2 of the administration, you are a scared little boy.

>>26328463
>He seems to be missing his remote control.
Voice-activated smart TV

>>26330334
pretty good anon. pretty good. don't let the jews steal your bags today!

>>26328463
The cameraman is the one with the remote. Floatanon is in captivity, that's why he's being forced to watch Big Bang Theory

>>26329870
It's only the truth that patience is the key to investing.

>>26328458
>I will probably sell if we breach 30k
You mean buy right anon?

>>26328283
buy high sell low

>>26330298
I can tell you that anyone truly complaining about 'losing money' by buying crypto is someone that is investing money that they actually shouldn't be investing. Someone that likely has to pay bills with that money and all they feel is pressure when they see these wild swings up and down.

>>26328888
Checked and strong hold

>>26330537
No anon, it’s their mindset, if all they had was 10k aside they should’ve invested 5 and they wouldn’t be whipsawed by the market and forced to sell at the worst possible times. Not everyone has the emotional control to make it the successful investor must have emotional mastery, people understate the importance of this as though 7-8 figure portfolios are built overnight and they could handle seeing 6 figure swings regularly . Most people on here just larp as being afraid or fud their own bags So to speak(which I sometimes do too). Bitcoin will recover and thrive wether it falls to 20k again is irrelevant for all but the trader who’s taking on much more risk then the hodler

>>26328458
CASH IT TODAY

>>26330143
Fucking this.

Whales are buying at this price, so why is it a problem for you? They are just shaking people out for cheap coins lol.

>>26330309
>Probably dip down to 26k and then we’re on the bull train.
Usually that's what should happen. But I have this theory that BTC whales are getting thoroughly fucked by the institutions this bull run. The institutions have figured out the BTC whale gameplan, they know when it is going to dip and how much, and then they start buying just before the bottom that the whales were waiting for, tricking the whales to into selling "the top" but failing to rebuy the bottom, effectively transferring BTC ownership from whales to institutions.

>>26328643
>>26328643
>what even is S2F
>limited supply of 21 million
>Greyscale bought 16,000 BTC at the price of 39k literally 3 days ago

you are NGMI 100%, but this is 4chan and I'm not impressed.

>>26328283
Couldn't care... seriously.
We know where it's going and I don't want to give them my crypto trading like a degenerate.

>>26331094
That’s a good theory. I feel as though this dip from 42k to today has felt very different then past cycles, excited to see how it plays out

>>26331094
Somewhat true, it’s not that whales are getting fucked so to speak it’s that they’re happy to sell their coins here cause they’re up so much, more of them essentially exit the game the higher the price goes, to be replaced by new whales who buy now with 100k + targets. This Is necessary

>>26328283
This is the fourth bubble I experience.
Been in it since 2013.
I sold 90 % of my holdings when Bitcoin was at $40 000.
Moobois were getting delusional, people like Logan Paul began pumping BTC and prices skyrocketed.

It's not rocket science.
Get ready for the price to fall at the very least 30 - 50 % more.
Even 80 % fall from here wouldn't be out of the picture, although pretty unlikely as long as there's no systemic event like regulation or Tether blowing up.

Meme-chart unironically works.

>>26328458
Gee, I wonder why you're poor.
Jesus fucking Christ.....
why are so many /biz/lets bad traders?

>>26331969
>why are so many /biz/lets bad traders?
Anyone who starts down the road to becoming a trader eventually comes across the statistic that 90 percent of traders fail to make money when trading the stock market. This statistic deems that over time 80 percent lose, 10 percent break even and 10 percent make money consistently.

>>26328283
bought at 12, sold at 38

>>26328283
Hodl you faggot. Weak hands get the rope

>>26331936
So what? Shortest bull run so far and 3 year bear market agin?

>>26328458
If you're so set on selling then just sell now instead of waiting till 30k

>>26332344
a year is short?

>>26328283
Hold. Wallstreet is signaling to sell in the middle of a bull run. If you know anything about wallstreet, that means they want you to sell to them. Welcome to crypto, the land of international fud.

Look man. Imma dead serious with you for one sec.
Imma say this once

HOLD

This is late 2016, we had a 35-40% selloff after breaking ath, many plebs were rekt sold and then btc went 20x in 2017. Act accordingly

>>26332503
each run has seen exponential price growth over a 2 y

ah fuck it, everybody sell. so many weak hands we're not gonna make it. it's over. Yellen and taxes.

>>26329497
This one really jumped out at me. How can you be that woefully unqualified for your position to even suggest something like that? Did no one on her staff who helped write that speech say "this is retarded"? Like, you barely need a grade 9 level grasp of economics to realize how flawed taxing unrealized capital gains is.

How were lawmakers listening to her able to do so with a straight face? I can hardly even type this without cracking up at the thought of how absurd it is

>>26328548
Jesus Christ. She floated the idea of doing something that would take effect in 4 years at the earliest. 2025 being excluded from the headlines shows you how Jewish all of this is.

it's literally a bear trap

>>26328548
old hag cunt. she needs to fucking die.

>>26328283
Hold

>>26332503
for BTC yes

>>26329497
SHUT THE FUCK UP AMERICANS. NO ONE CARES ABOUT YOUR FUCKING GAY POLITICS. STOP TALKING ABOUT IT FOR FIVE FUCKING MINUTES AND NUKE YOURSELVES

>>26328283
OF COURSE HODL WHAT THE FUCK ARE YOU THINKING YOU FUCKING FUCK

>>26329087
fake new sec talking boomer head. maybe even older than boomer.

>>26328722
Imagine actually basing your decisions on buy walls
hahahahahaha
The absolute STATE of this fucking board

This is a point you should be buying more if you aren't already sitting on stacks. Don't believe all the retarded shit you are seeing play out right now.

>>26328722
bro 27.9k is when I buy back in... Don't sell there.

>>26332887
fr. noob trap 101: the floating sell wall

>>26332887
>>26333027
>he bought $1 at 30002?
>demolish the 3Billion $30000 buy wall immediately

>>26328283
When will you need the money? I've been holding since 2017, when we almost hit 20K. No worries if you weren't planning on cashing out.

>>26328283
Never sell fully that is my only advice

>>26329207
is he though?

>>26330798
amen anon.
when you invest money you have lost it and if you don't cash out your gains then you have not actually won any money its what I keep telling myself as I hold my coins waiting for this dump to stop so I can reach the moon