/biz/ - Business & Finance

BECAUSE YOU'D BUY THE DIP FAGGOT

HODLers= true /biz/ patriots willing to embrace a better tomorrow
FUDers = retroactive cancer scared of the future

Don't be a hater, fag ;)

Patient holders new master race

>>2814793
HODL is for simpletons who have no grasp of trading techniques and shitcoin investment tricks, let alone bot programming

Does it work? Yes it does, but you're leaving money on the table

HODL faggots lost this one
if they had shorted ETH at anything over 300$, they would have doubled their coins, the lucky ones could have tripled if they sold at 420$

you can't lose when hodling, but your reward is reduced aswell

>>2814816
Funny how holders keep winning then huh. Maybe you "Wolf of Wallstreet alpha males" aren't as good at timing the market as you think you are.

>>2814424
>>2814424
>>2814424

You have been warned.

>>2814793

>>2814793
Competent daytrader > HOLDer > Buy high sell low bizfag.

protip: the 4 hour chart volume spike tells a story. You don't get many charts this clean in any market.

>>2814817
>you can't lose when hodling
If you bought and hodled since $420 you almost certainly did

>>2814828
The picture showed what kind of 'winning' it really is

>wow, I broke even, I WON, MOM

>>2814828
if you held literally anything from 1 month ago, you would be red right now, significantly.

>>2814850
what if I told you I held for 3 years

>>2814816
>not posting the full version

>>2814816
you can jerk off to your candles if you want - I just hold and relax

I won't lose, I won't stress

>>2814850
I didn't buy one month ago ;). See, we holders were smart enough to get here earlier than you trading little faggots.

>>2814874
Actually by definition the perfectly average person always sells and buys at the perfect times.
>50% of people sell
>average guy sells
>50% more panic sell
>50% of people start buying
>average guy buys
>50% of people panic buy

etc etc until the end of time

>>2814907

You just blow in from stupid town?

>>2814793
maybe OP, because they bought when it was way cheaper.
BTC can drop to sub $1000 and anyone that held since last year are in the green.
summer fags selling these swings will fuck themselves over eventually. Like you have just done.

>>2814793
I held from the top through the entire crash.

I literally have not sold a single cryptocurrency, despite checking the prices every 5 minutes autistically, since about March of this year.

That's literally all you have to do to win at this game. It's really, honest to god, that simple.

>>2814793
You can get rich by buying and selling but you can get wealthy by buying.

>>2814942

>buy at some point, sell never

At last, I truly see.

>>2814942
You should sell now.

>>2814965
Take your TA
And shove it up your ass :)
We holders will continue winning, stress free, until bitcoin reaches its true price in the 6 figures. Deal with it.

>>2814965
>>2814874
>>2814816
why do you all try to apply standard models to something new and chaotic like bitcoin though? Its not a stock. the people who treat it like one are the idiots that lose their rent trading shitcoins.

>>2814874
That picture is retarded, because the third scenario might NEVER work for shitcoins. Once it gets dumped, it's dumped for good. And you're just left HODLing like a retard.

>>2814972
TA is great when you're not a brainlet
Short-term shitcoin investing is great when you're not a brainlet
Automated bot trading is great when you're not a brainlet and can actually code

I have no idea how you can double your coins FAST just holding Bitcoin. But with the things above, it's possible.

We're all making more money than you per any period ;)

>>2814976
a) the standardized "model" of trading works on everything that people buy and sell in a market - tulips, rice, pork bellies, stocks, etc. Including shit that has no use other than being a financial instrument, e.g. debt, derivatives, etc.

b) This isn't forecasting or reading tea leaves; these are LAGGING indicators that tell you over the last 24 hours literally nobody has wanted to sell and everybody has wanted to buy. The "forecasting" part, to get out now, is the common knowledge that when everybody is buying, sell, and when everyone is selling, buy.

>>2814976
Also, bitcoin != shitcoin. Bitcoin is only 2 years younger than facebook and it's fucking older than shit like twitter and snapchat, it's a fucking HUGE (billions) market. The people who "HODL" in bitcoin are no life loser redditors clinging to memes from when bitcoin was $0.03 and sharing their "wisdom" with the new shitcoiners in a repeat of the altcoin bubble of 2013 that sent the whole fucking market bearish for 4 years. You need to lose your shirt so we can go back to those with brains having the monies as well.

>>2815024
I didnt say bitcoin, I said shitcoins. learn the difference.

>>2814841
how do you know?

if they sold at a loss now, yes they would

but what about in 3 months time?

aslong as it peaks over 420$ just once, it would have been worth it

dont be a retard, anon

>>2815000
Yes yes, "if you're not a brainlet" winning at literally every trade is guaranteed. Whatever you say.

>>2814981
Moral of the story is, do your research and don't buy shit coins

>>2815024
>altcoin bubble

there was no bubble in 2013, it was because mt. gox was hacked and the fact there was literally no other decent way to liquidate your bitcoins, so you had to go other ways around it and sell at a loss, driving the price down

i doubt you even knew about bitcoin in 2013, retard

Seriously if you're not 10xing your money every day with margin trades in this super predictable market, you are a retard.

>>2815079
>only 10x

retard detected

hodl master race checking
lmao you faggots didnt panic buy did you?

AHAHAHAHAHA
I have to say this dip was pretty brutal
but my iron hands will always prevail

how does it feel to be a weak handed faggot?
must really suck desu senpai

>>2815079
how can you only make 10x your money back with margin trading?

>>2815074
Do you even know what the fuck a bubble is? Pic related is a fucking bubble. Now i'm done giving you (you)s. That was my first big bitcoin short, this is my second. And it's a leveraged short, too. Fucking Faggot.

>>2815101

>>2815083
I said the absolute minimum so the tardos wouldn't feel TOO pathetic

>>2815101
please don't be so angry nocoiner someday your 4% 401k returns will make your account worth triple digits

>>2815101
>chart from 2013

Pic related is today chart. They look exactly the fucking same, like every other fucking bubble before that. Now go buy high sell low like a /biz/ goy.

>>2815111
understandable my apologies good sir

>>2815115
tfw i'm short the stawk market too

>>2815115
Assuming his wife doesn't get half in the divorce settlement. He will wish he had bitcoins hidden in his anus on a flash drive that he can launder with mondero.

>>2814793
mindlessly holding leads to loses

knowing when to sell and when not to is a skill only experienced crypto oldfags know

Because bitcoin going up forever a physical certain, a law of nature.

You can adjust your flawed views about the universe and get rich as fuck in the next decade or die crying.

>>2815118
You would have been the dumbass that sold here:

>>2815361
Missing all the gains to $3000. Bitcoin grows exponentially, you looking at the linear graph will only keep making you more angry as the price hits 5 figures.

>>2814809

yasss nigga yassss

>>2814793
keep daytrading, greedy niggerjews. gots ta gets dem max gainz.

>>2815101
You shorted on Sunday, didn't ya?

>>2814841
My average buying price was $256. Have Hodled ever since. Sure, I bought some stuff on Purse, but I always bought more Bitcoin at the time.

Soon I will buy my first house.

>>2815101
zoom out the fucking graph ricky retardo

Waiting for the real crash to come.

Not buying

Not selling

>>2814874
>being this delusional

>>2814793
Because we actually believe in crypto and were fucked up the ass through june and july.
Just karma, nothin personal kiddo. Crypto won't burn so you jews can win.

>>2815024
>Bitcoin is only 2 years younger than facebook

Do they not have calendars where you're from?

>>2815058
You don't have to "win every trade". Even when you invest in shitcoins and hold short- and middle-term, sometimes they get dumped so hard that you lose 10x your investment, it does happen. But if you keep it doing strategically and wisely, you'll make WAY more than simply holding bitcoin long-term.

But most importantly, you, faggot, imply that HODL is somehow a more risk-free way of making money, but this ain't your motherfucking stocks, when bitcoin finally enters the bearish trend, what are you gonna do? It will drag EVERY coin down, and passive holding doesn't hedge you against it at all

>>2815072
>Moral of the story is, do your research and don't buy shit coins
But shitcoins are where the real money lies. You HODLcucks are ridiculous, you literally hate making money, yet you somehow believe that your holding strategy is devoid of risk (it's not). People who have the SKILL, will make money regardless of the market direction. YOU will make money only at lucky moments, that's the difference. And if you like measly gains, you might switch to stocks as well, or at least stop being a pretentious cunt and know your place.

>>2814793
It's simple
Other than you we hodlers read about the company that represents this coin in the real world and try to look for reasonable application of the companys tech/service

If you just throw money at stuff because you saw jet another MoOoOoning thread you'll never get anything
Also keep away from your 1 sata coins retard it's all a big scam at this point

>>2815958
>t. Someone who bought their first bitcoin above 2k

>>2815980
>Also keep away from your 1 sata coins retard it's all a big scam at this point
Typical HODLcuck

>>2814955
It IS really this simple. Keep fucking around with trying to time the market and enjoy getting burned

>>2816005
I coded an arbitrage bot that is profitable even in the bearish market

Not gonna share it or disclose any details at all

>>2814807
This. Hodl master race.

And I also have a shitcoin prediction tool that is pretty successful at notifying about emerging pumps

>>2816052
pump and dumps, who cares, I just work here.

>>2816008
Well my bittrex wallet is going of the charts buddy, yours?
Oh you threw your allowence on kids when i shilled it to you idiots?
Great me and that other guy made a killing that day

>>2816067
LMAO, I had a 6x ROI from KIDS in total after two pumps

So are 1 sat shitcoins profitable or not?

>>2816052
wat u do im interested

>>2816093
Nope they ain't
For you how understands it, yes they might if you don't get dumped on prematurely

But 99% of /biz/ is to retarded to buy bitcoin without a step by step tutorial

Just be honest with your self for a sencond

>>2815958
There is no skill in trading only luck. Hodlers ALWAYS win in the long run.

Enjoy spending hours upon hours looking at your meme triangles and magic lines, stuck infront of a computer buying and selling all day. Meanwhile I'll be here making more money than you with minimal effort simply because I have the patience to buy and hold. ;^)

>>2816158
>There is no skill in trading only luck.
You have no idea, right? It's like I'm talking to a no-coiner

>Hodlers ALWAYS win in the long run.
You're repeating the old stock trading meme. This is crypto, a totally different thing, you can multiply your investment by MANY times if you have a brain and self-control.

>Enjoy spending hours upon hours looking at your meme triangles and magic lines, stuck infront of a computer buying and selling all day
I don't even do that. Yet I know for sure that the "buy and hold" technique, while it CAN bring some profit, is the most retarded thing to do if you actually want to MULTIPLY your money. I'm not here for penny gains, but you probably are.

>>2815118
See you at 4000. Taking a loan if it dips below 2000 again

>>2816216
this. low IQ people can't see the opportunity lying in btc extreme volatility. a quick glance at the chart and you know there is money to be made daytrading.

Glorious HODL Master race checking in
weak hands got BTFO once again
will they ever learn?

>>2816557
There's money to be made betting on horse and entering the lottery too.

>>2816592
when a market goes up and down in an almost previsible pattern it's not lottery

>>2816557
some of us have actual jobs though.

>>2816557

>daytrader
>highly volatile crypto market

lmao at you "daytraders"
you are nothing but degenerate gamblers and you will get wiped out sooner or later
not even warren buffet can time the market... but some faggot on /biz/ has cracked the code lmao

you faggots might make some gains in a bullmarket (when you could just hold and make money with zero stress)
but in downturns you never hear a peep from the "daytrader" contingent

>>2816650
nah man they are soo making 10x margin shorts 24/7. they love the bear. i totally believe them.

>>2814793
Because you're supposed to hodl blue chip coins and daytrade with shitcoins so you can buy more of the good coins. Everyone knows that.

>>2816650
Yes, everyone can profit in the bull market.

What the skill to profit in the bear market gives you is FREEDOM. You only rely on your skill, you don't depend on where bitcoin goes next, panic selling, breaking news, new regulations, collapsing exchanges and other shit. There's nothing better in the world than to be FREE. When you're just a holder, you're enslaved, enserfed and by all means dependent on the market (and in crypto, we basically have just one real coin - Bitcoin, for all others follow it wherever it goes).

And why do narrow-minded people think that it's only "looking at the charts all day"? There are many different paths and approaches in crypto.

>>2816734
yeah, ok Mr. Wolf of Wallstreet.

>>2816734
>There are many different paths and approaches in crypto.
Enlighten us, i legitimately want to learn the ways of day trading. Yes i will have a hodling portfolio but there is no harm in having a day trade portfolio as well.

>>2814816
>tfw weak hands on LTC
Got out at like $53

>>2816734

lol some of us have jobs you know?
I have enough money tied up in cryptos to make me rich in the long run... and I wont sell anything of it before 2020 at least.

I dont give a flying fuck what happens in the short term. It could all crash to zero tomorrow and I wouldnt lose any sleep over it. too busy stacking more paper

enjoy gambling your lunch money lmao

>>2816641
I actually want to know how I'm supposed to daytrade with my job when it's so volatile. I have to be a hodler for a day instead of timing it by the hour. Otherwise, I can't quit my job because I need that money to invest in crypto.

>>2816837

dont even bother
youre talking to a bunch of manchildren who piss away their allowance on shitcoins and call it "daytrading"

its all bullshit
I know legit forex daytraders and they would never touch a market as volatile as cryptos

>>2816757
Day trading relies on technical analysis (not meme candle patterns, but actually quantifiable data). It requires skill and it's better to read a book or two about it before delving into. Other than that, you can significantly profit with small coins. Technical analysis doesn't work with them, they take a totally different approach. You have things like buy and sell walls, pumps and dumps. There always appears something new, old things get pumped after a long dormancy, and rumors, rumors, rumors all over crypto news sites and forums, you can track them. It's kinda anarchic, you have manipulative whales, shady p&d teams, fake news. And risky too, you can get burnt without experience. But in the end, you can master patterns and techniques, and the profit can be profound to say the least: the volatility in those coins is way higher than in mainstream ones like litecoin, sometimes you can gain 10x your initial investment in one trade.

The third way is the algo way, those who can figure out how to apply programming to crypto trading can reap the benefit

>>2816917
What kind of technical analysis? GARCH models and whatnot? What books do you recommend I read? I already have extensive background in statistics and multivariate analysis model, although I am not that much of a fan when it comes to financial models.

>>2816917
Any idea how to sneak into these pump and dump groups? Do you have to prove you have a lot of bitcoins? Honestly, I just want to join and spectate so I can make some money. I remember chancoin went up like 800% and people who were in on it early made insane gains, but if you weren't in on the p&d group, it just looks like a shitty scam coin like the million other shitty scam coins that stay shit until one or two of them get manipulated.

>>2816917
>But in the end, you can master patterns and techniques,
you just prattled on about how everything is out of your control but then claim...you're a fucking retard pajeet. you're not fooling anyone with your lies.

>>2816949
Murphy, "Technical Analysis of the Financial Markets"

I envy your background, btw, I heard crazy things about bots using quantitative analysis

>>2814976
this is not applying a model. There is nothing scientific about buying and selling based on non constant variables. I'm not saying this approach can't be profitable, but I much prefer testable methods. Although I do agree somewhat, that this is a new market, comparatively, and we have to accept that the data we have carries a fraction of the validity of a data set used to model a longer standing market. What is that fraction? Maybe higher than we give it credit for. People started solving derivative markets within a span of a couple years(and got good at it within a decade or so), so maybe people are getting close solving the crypto market. I know i'm still farther than closer from finding a solution, but who knows! we gotta just keep trying to work this out from different different angles until something clicks.

>>2814955
It is that simple though. If you put decent money into ETH when it was "overvalued" at still under 10 dollars, you'd be doing pretty well now.

What makes you think right now is any different?

What might seem like a high cap for ETH now won't be when the market cap for all of crypto continues to grow even more.

The only times I sell are when a company completely finishes its roadmap and has no foreseeable updates or reason to grow in the future or big news like the coin being abandoned comes out and it could drop to 0.

For big coins like ETH, the latter isn't a problem. So yes, hold until you have "life-changing" money. Then you can sell and you're done, you beat the game.

>>2816987
Seems like most people fail to realize that when crypto TRULY takes off, we will be seeing many different coins with massive market caps. Today's prices are one day going to be unimaginable

>>2816987
So why not daytrade shitcoins so you can have more of the bigger coins to hodl?

>>2816958
Relax, nocoiner, you have no idea. Just HODL and don't bother with those things.

>>2816952
No idea, I never took part in any p&d group. I know they exist, but I prefer to be all on my own, and I don't like to be the one spreading rumors. But if I see some buzz, I'll probably take advantage of it.

>>2817026
That's what I'm saying, I don't feel like doing grunt work, I just wish I could get in on their meetings and find out how I can make money based on how they're manipulating certain coins.

>>2815005
This guy gets it.

It's pretty common knowledge in the stock trading world that over 95% of non-institutional traders end up negative. Most professional hedge fund managers can't consistently beat the market, and those who do are generally either lucky or breaking laws. Yet everyone here thinks they can beat the market (holding btc/eth) with some amateur TA. Unless you are some kind of market savant you will eventually get fucked hard.

>>2814972
Bitcoin is great senpai but 6 figures is beyond delusional

>>2817178

this!!!
FFS most fundmanagers cant even beat the markets

yet everyone on biz is a daytrader and has cracked the code to endless riches with their patterns and meme triangles

>>2814793
Because holding is where you make money

The trick is to sell before holding makes you lose money, which many of them don't understand but doesn't matter due to the overall bull market trend of crypto

>>2817178
I have no doubt that most crypto "traders" lose. It would be strange to think otherwise. What you have to do is to be better than others. It's about nothing but "mastering patterns and techniques", be it for day trading, swing trading or shitcoin investing. I have no idea why another guy got offended by this truth and called me a pajeet, when I'm pale and blond and tall and grey-eyed, btw. Patterns and techniques, they help you excel at anything, the whole world around us works in patterns and regularities, whatever you do.

>>2817190
Sure, brah. Whatever you say.

>>2817235
Dude you sound like a 13-15 year old thinking he's 2000x smarter than he actually is, lmao.

>>2817235

youre full of shit

>>2814793
You were too weak if you sold out of fear. Emotions have no place here. Thanks for the lobster dinner and movie though.

>>2817260
Yeah, whatever, offend me whatever you want, I'll pay back by NOT telling my tricks of quick gains.

Trading crypto is for the idiots who missed the boat and are trying to catch up to the holders who bought in early and have seen 500x or 1000x gains on their initial investment.

Traders see cryptos are a little video game, while true early adopters are the actual investors, making the huge gains, while the traders fight for the scraps.

>>2817269
How exactly? If you believe that absolutely everyone can win, well, you don't really understand how it works

>>2817298
I think there are very few people here like the ones that you described. They're the luckiest of all and a tiny, minuscule minority.

>>2817298
If everybody did what you say and just "held" then bitcoin would be a funny internet science project with no real application at all. Thank god some idiot said I'll give you 10k of these fucking things for a pizza or we'd be fucked.

>>2814793
>HODL is from reddit
kys nucoiner.

>>2817319
The lucky ones cashed out the first time the price doubled, or tripled. They were just traders who got lucky by buying in early. The ones who held because they thought the tech would become big made the big money. Obviously during bear markets it can be worth it to take money off the table, but if you knew what you were doing in things like Bitcoin you would have way too much money to take off the table without paying insane taxes in the first place.

Sometimes its worth it to hold through a temporary bear market when the alternative is trusting an exchange with millions of dollars, or paying hundreds of thousands of dollars in taxes.

At the end of the day every trader wants to be that person who got in early, but I certainly don't want to be that person stuck watching charts all day.

>>2817299

because you sound like a fucking teenager
post proof of your gains or GTFO with this faggotry

>inb4 crickets

>>2817339
Yes, I appreciate everyone who made sacrifices, however its easy to do the same buy buy back your stake every time you make a transaction.

>>2817361
What you're talking about must be a very early time frame, before mid-2013. While those people exist, I don't even think there are many on this board. Anything after that time, and your gains are comparable to those that can be made with trading or coin flipping over a less extended period.

>>2817384
You sound unreasonably mad. If you're at a severe loss, just say it.

>>2817420
>no proof

lol thought so

>>2817414
Of course, I'm just saying that those people are what "hodling" is all about, getting in early and sticking to your guns instead of panic selling like most so-called "traders" end up doing.

It's easy to trade to make you think like you're doing something when the market is falling, its a lot harder to sit there and do nothing just because you believe in the long-term prospects.

If you're trading more than 5% of your stack regularly you're just gambling.

>>2817235
>Patterns and techniques
meaningless gibbering. you can't even learn how to use the potty, pajeet.

>>2817773
It's only meaningless to nocoiners like you

>>2817796
i don't understand your accent.

>>2817817
Stay mad, while I'm using my own tool to spot the latest pumping coin and making money

>>2817833
haha your own tool? what are you babbling about pajeet?

>>2817840
My another arbitrage bot works and brings profit even in the bear market. When all of /biz/ is filled with pink Wojaks. And I'm probably anthropologically and esthetically whiter than you.

>>2817864
lel

don't bleach your skin just embrace who you are

>>2817874
Done.

>>2817864
adorable. ask your fancy robot if he'll teach you to use the potty.

>>2817900
What I'd like to ask instead is, what is it like to be a nocoiner? What is it like to be inferior and poor?

>>2814816

Long term hodler on bitcoin here who has traded on and off with altcoins. Would take hodling over trading anyday. It's easy to pick a winning hodl if you do some research. Best savings account ever.

>>2814834
this tbqh

>>2817935
is this really how you want to use what little data you have left? save your phone for tomorrow, pajeet.

>>2818025
During the recent crash I felt just sweet, I actually kept making money, my little darkened friend. And I keep making it now, and will keep making it later. What about you?

>26 replies and still there is no proof of these so called gains