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/biz/ - Business & Finance

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2751718 No.2751718 [Reply] [Original]

Who here excited about all of the shorting possibilities once this virtual resistance at $200 is gone?

It's going to be fucking beautiful.

>> No.2751773

>>2751718
im gonna buy some around 201-205. getting the fuck out if it dips below 200, the reds are in berlin and its ogre

>> No.2751779

awful thread, but please go ahead and enjoy your liquidation

make sure to film it all too, or at least a nice live blog commentary of your mood

>> No.2751802

10pm : here we go!!! very excited.
10:15 : not happy
10:27 : crying right now
10:30 : its all gone

you know, like that?

>> No.2751927

>>2751779

Sounds like you're carrying some heavy bags anon?

Please, think of your family before you decide to do anything drastic.

>> No.2751999
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2751999

>>2751779
>it's just a dip bro

>> No.2752015
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2752015

Would now be a good time to buy into more ETH? If it rises again I could make some bank.

>> No.2752024

>>2751773
>buy some around 201-205. getting the fuck out if it dips below 200

has a similar strategy ever worked before in crypto trading? to buy at a nice round number and sell if it goes $1 below? im skeptical

>> No.2752100

>>2752024
I have zero real experience so don't do things based on my opinion, but:

People have a tendency to operate on those kind of round numbers. They see price dropping and they need to set a marker for when they give up and just sell--those markers are going to be on those sorts of numbers
>Oh I'll sell if it hits 210
>Oh I'll sell if it hits 200

The rounder the number, the more people are drawn to it, so a lot of people are watching to see if it hits 200, and it following below that arbitrary platform to 199 will cause a lot of reactive sells or people who put their marker at 200 to sell. Those round numbers are like a psychological safety net where a person can say "I'm fine as long as it's above X" so the weak hands are in bulk when it falls below that net and there is a sense of it all being over.

So in theory I guess you could expect a high amount of selling right after it dips below that kind of floor, once it hits 199 it might very well dip significantly because of panic.

>> No.2752207

>>2752024
yea there was a huge wall at 200 but its at 197 in a matter of minutes. the bottom has fell out and crypto is done

>> No.2752369

back to 205 from 185 in 5 minutes. kek. Good money has been made tonight.

>> No.2752462
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2752462

>>2751999
Literally a textbook speculative bubble, learn from your mistakes folks.

>> No.2752487

>>2752100

absolutely, there were clearly a shit ton of limit sell orders waiting to fire at 200, that thing dropped 15 bucks to 185 in seconds when 200 was hit...

>> No.2752638

If all of this isn't fudding to buy cheaper ETH I'm honestly amazed at how fucking stupid this board is. If you don't think ETH will reach at least $500 within 2017 you are so retarded there is absolutely no saving you.

>> No.2752667

>muh antshares will be worth more than ETH

i can't wait to laugh so hard my lungs collapses. at least i will be able to pay for new ones