/biz/ - Business & Finance

anon your parents putting money into crypto WAS the euphoria
thank you for the signal

>>29327499
thank clear buy signal

sold 100k

>>29327499
jesus.. i'm gonna.. cash out half my portfolio bros

>>29327499
You're a good son, man.

Third day of me telling biz to sell.

Sell. It's over.

>>29327499
Holy shit, your mom is fucking stupid. Imagine linking your child get-rich-quick schemes. Fail parenting.

>>29327576
I bought in late November, they followed me in December.

Because of the price increase since then till now they’re starting to become hyped about crypto.

I feel like this is bad. My parents were extremely terrified of it up until now.

>>29327666
Fuck off Satan. Don't be mad g-d forbid you from owning crypto.

>>29327722
Checked.

Your loss then.

>>29327499
It's always bad forcing your gambling habits onto your parents. If this shit crashes next year they will put the blame all on you. If they invested in an etf they chose they can blame noone but their self.

>>29327666
nah, a consolidation / 30% drop in the coming weeks/months, and then back up

this is not the end of the bull run. cope.

>>29327666
>>29327722
kek has his eyes on this thread

Also, I think the increased amount of institutional players we've seen will keep bitcoin from just freefalling 80% again unless they just dump on us too. There's too much big money involved now, and to them -10% is a lot, they're not going to want to risk losing billions by playing a game of chicken with guys they most likely play golf and go on vacations with.

But ya, everything I'm seeing as of late is just a major sell signal. I have a theory that we wont see every altcoin just get absolutely annihilated -90% again (just most, kek), but Ive been wrong lots before

How are you gonna convince her it’s time to sell if she believes in these stupid absurd evaluations?

>>29327499
cool larp

>>29327499
If you haven't already please at least cash out double your initial.

>>29327911
I didn’t force them to. I just convinced them after years of talking about Bitcoin.

I told them not to invest anything they couldn’t afford to lose, but understand this, they were keeping almost 100k in their savings acc earning literally 0% interest. They have a house paid off and retirement funds with half a mill in it so even if they lose all what they put in they aren’t destitute.

It was more about I got sick of seeing them hold onto their savings in fiat well it got raped away with inflation

your gonna sell early and get raped on taxes lmfao

>>29327666
ch..checked

>>29328100
The "people" who make these videos need to be gassed.

>>29328112
This. BTC isn't 'number go up forever'. Huge swings possible.

>>29327666
Begone Satan, you will not tempt me.

>>29327666
>Sell. It's over.
Just one more pump for me next weekend then I'm selling
Just want to up my bags a little on this decent pump group
Invites just opened
discord gg/SNqPpk5Pjw
Non whale one so it's pretty decent

>>29327666
There will be no selling , just more buying

>>29327499

Clear sell signal, bull market is over bros.

>>29328189
I’m not planning on selling what I bought.

They put about 95k in December, I put 110k or so in November.

I don’t plan on selling because that money I don’t NEED. But I’m just saying the euphoria is I think starting finally. I’m holding. My parents claim they know a crash will happen and that they will buy more if it crashes.

What I’m telling you guys is that if you want to min-max your trading, you probably are coming close to that stage now

>>29328149
Should've told them to put the 80% into VOO or some other etf.

>>29327698
Get them to sell NOW. I'm not memeing or bullshitting. Let them walk away with money in hand and be happy.

I've told the same to mine - WALK TGE FUCK AWAY. They only watching those bullshit YT videos and I just know if they stay in it will set them up a rough ride, at least.

This whole post just makes me feel even more strongly that the top is in, and it's time to get out like a bandit.

If you've made profit, awesome, if you haven't, seriously look at cutting your losses. Don't be left holding when the drop comes.

T. Been around for more than one market cycle

>>29328232
Same goes for the cattle watching those

>>29328515
They already have half a mill in boomer investments through their retirement funds

>>29328515
or rubic lol

>>29327666
This. Once the boomers are in it will die.

>>29328579
>Getting them to sell in the middle of the bullrun
Top kek, bitcoin is going to 100k by EoY and it's got nothing to do with retard YouTubers. The RSI isn't even 90 yet

we just need a hard drop to 35k again to scare normies away

>>29327499
Idk what makes you guys think you're smart money or something honestly.
When you bought, you were the sell signal

>>29327499
Wait, you invested ALL your money into BTC?
I mean, the only thing sure is the eventual crash to below 10'000

sell signal or larp fud

strong sell signal
this is the top
>>29327666
based

>>29327576
This
finally i got people into crypto back in january.
Normies are getting in BUY THE DIP

>>29328947
It's at 93.

>>29329176
I wonder what that chart lines up with and what happens at 96, kek

this isn't the market cycle top, and if you're swing trading your long term portifolio trying to out perform the market by going full nostradamus trying to predict imminent 30% corrections then you're asking to get financially ruined. again, there's nothing on the charts, indicators, sentiment or normie exposure indicating a MARKET CYCLE top. also buy ETH, criminally undervalued right now regardless of what faggots say about muh broken fundamentals

>>29328947
First it will crash to 60 so after reaching 80 so.

I've sold all my alts. Never sell BTC, but I took many thousands in alt profits that I don't want to lose.

>>29327499

Top kek why do you retards shill crypto to your parents? My boomer dad has money but we never discuss investments together.

Lol

>ethereum
>invest
Hahahahaha it's a dead shitcoin. Get in Flare.

>>29327620
Buy high sell high /biz/nessmens

>>29328100

Oh my fucking god

>>29329176
>source

>>29329373
It's over

>>29329373

Tell your mom that someone on 4chan thinks she’s a retard

>>29329293
>don’t talk to your parents about money

You must be Nordic

I’m Med master race

>>29327620
tomorrow signal bumped into 500%

>>29329390
one eth news update and you'll be selling everything to try to buy into eths 200% overnight pump

>>29329176
rsi lmao come on it's 2021 we go by RHODL ratio and pi cycle indicators now faggot

>https://www.lookintobitcoin.com/charts/rhodl-ratio/

>>29327499
My parents are retards who still can't do their own research worth a shit, they even refuse to google coinmarketcap.

>>29327499
OK I'm convinced, we're done.
What do i move my BTC over to? I assume its going to take down every other coin on the market with it so USDC and Dai?

>>29329233
could be a local top. or similar to 2013 cycle where we see a 50% retrace before a huge move up past 100k.

I tried to talk my dad into investing im crypto but he instead ( did put 5k into BTC in early 19 and cashed out recently ) bought some land near the river, built a cozy cottage, bought 2 boats ( one is modern with an engine ), and all sorts of grill ovens,benches,tables, a whole fucking cellar with local wine. Very cozy place. He and his boomer friends enjoy fishing,grilling and drinking while i obsess over meme charts despite at best never havinng a chance of being just-above-poverty. Dad was right unironically

>>29330443
but anon.. the meme chart.. red line go down..

>mum
>$

>>29328286
>BTC isn't 'number go up forever'
ffs, here since 2011, BTC is literally 'number go up forever' (and not linearly, but exponentially), kek

>>29330563
You should have gotten a degree in finance and ask money for funding an edge fund and go full crypto with papa's money.
You are imbecil and your loaded dad outplayed you.

>>29330783
It’s called Australia

>>29330795
it is and it will until some relative stability because of complexity. But will be prime reserve of value.
The moment banks stopped fucking the coin and instead started buying it it was game on.

>>29327499
>>typical women

>>29327499
I am sure this is a troll post but obligatory to respond as if it is legit. bitcoin will drop by at least half in value over the next year. and you just lost your grammies half their money. you are an idiot and they are idiots. congratulations the family genes carried on your retardation

>>29330795
It's not though. It has gigantic, extended bearish moves that last years in between the parabolic growth phases.

That's where a lot of people who don't know what they're doing, or don't plan on holding will get burned.

>>29329596
your med donkey brains. fell a long way since sparta swarthoid

>>29330886
I barely finished high school, literally under 90 IQ

>>29330563
ya your dad sounds pretty based

>>29327666
>Third day of me telling biz to sell
Well you were wrong the first two days, what's the bet you'll be wrong again today?

>>29329470
It's in the image you absolute blubbering retard

>>29327499
any time i see those onions captions, i picture myself blowing the back of their skull out with a 12 gauge slug at point blank range.

Been helping boomers at work understand crypto, my dad also bought into chainlink and ada this month kek. Hard trying to explain to people that not everything they buy is going to reach 50k like bitcoin... They literally wont believe it and hit you with the "I bet people said that about bitcoin" And then you say "bitcoin has a smaller supply" and they say "whats that lol"

Problem with new crypto investors is they freak out and panic when the bears take over or hell even if there's just a little drop. I hope your parents understand that going long is the only way to play crypto and to buy more when prices drop.

>>29332147
Kek

>>29333384
Yeah I explained that and they understand

I’ve been spamming them with bobo

I told them a 2017 crash will probably happen, (it might not though) but if it does, that they will just accumulate, they aren’t selling.

>>29327499
Time to sell

fuck this thread is the sell signal i was afraid of

>>29327666
Top confirmed

>mum suggesting to invest in alt coins

Huge sell signal guys, this is it

>>29327666
Fuck

>>29327666
satan fuck right off i am washed in the blood

>>29327666
Anyone selling right now is a fucking moron.

>>29328947
THIS ISN'T THE MIDDLE.
OH GOD IT'S STARTING. WHERE'S ASUKA POSTER?

oldfag here
all the warning signs we saw back during the crazy dotcom bubble are now manifesting in this new crypto bubble. (yeah it's a bubble)
for example -
people claiming it's not a bubble and "this time it's different because bla bla bla"
people who have no fucking clue about the underlying technology walk around all smug claiming to be experts
people literally just randomly buying assets and not even knowing what they are buying
insane market caps for literal garbage
and then one day - poof - almost all of it is wiped out
but! after the dotcom crash the internet didn't go away and real value dotcoms didn't go away. just the idiots went away.
crypto and blockchain are here to stay but alot of idiots are going to lose alot of money towards the end of this year
also, the more idiots rush into the market now the more money you can make exploiting their hubris and greed

>>29328100
I don't know why, but even as a generally non-loathful person, I honestly want all those people and their FAGMAN enablers to die horrible deaths.

>>29328288
Quick Christianity dub

>>29334154
Normans buying altcoins was the top signal in 2017

>>29329373
Can we get a pic of her feet?

>>29328100

It’s these stupid YouTube crypto people that make this all seem like a joke

>>29334639
Based.

>>29334639
I think the top may be around 60k especially if it tests it and fails were in deep shit

I would prefer to lose everything I have than boomers make more easy money

>>29334639
Problem is knowing when to pull out, black men especially have problems knowing when to pull out.

I am watching charts nonstop, christ I can't even go to work without looking at them on my phone all the time. The people who successfully manage to sell before the crash are going to be making bank buying when things bottom out for the next bull run.

>>29334639
Name two companies that had insane valuations in the dotcom bubble that aren't around now.

>>29328100
Not any worse than stock faggots on actual prime time cable tv

>>29335708

pets.com comes to mind, they were worth insane amounts at the peak.
and who can forget Flooz, what a fucking joke

>>29334312
Ya sell low buy high right?

>>29334639
LOL I think I read this same exact post in 2017, and then in 2013 when I was still in HS get the fuck out of here boomer you don't know shit

this isn't even close to dotcom that "phase" was ERC20 ICO when all you needed was a whitepaper and a token to raise funds to build projects - 4 years later projects were built many failed and several lived on like ETH, BNB, LINK

please please please shut the fuck up about not understanding technology unless you can write me a 3 page paper on Amazon Web Services or Cloud Computing, Hardware design for smart phones or whatever the fuck any other major tech company does

>>29328035
> unless they just dump on us too
they would never do such a thing

>>29335708
amazon & google and a third Apple

>>29328232
> gassed
nobody was ever gassed to death en masse, now face the wall

>>29327499
>spells eth with i

>>29336253
>LOL I think I read this same exact post in 2017

right at the top of 2018 after the 2017 hype Etherium dropped from $1350 to $90
that's a goddam bloodbath,
then you got a bear market for 2 years before the action picked up again
so many people lost their lives savings in 2018 and we're about to see the same thing happen again
then, yes, after 2-3 years the market will jumpstart again and reach even higher levels
all the idiots rushing into this crypto run right now are not going to handle this kind of drop and bear market, they will just lose everything, just like ever other bubble
my point is- we are in a bubble. when bubbles pop most player lose everything. then the cycle repeats like the previous bubble never happened

>>29327698
Depending when in December they would have doubled or almost tripled their investment.
Have them cash out the original investment.

>>29333031
I mean not bitcoin, but I can see Chainlink hitting $1500 eventually.

>>29328100

Youtube was a mistake.

>>29331367
Then they sell I accumulate abs they FOMO back in what’s bad about that?

>>29328600
There’s a few who are worth watching to get a grasp on projects or where to be looking but with that being said they definitely don’t make thumbnails like this

>>29336948
Based

>retard OP calls the start of bull run "the euphoria"

you retards dont know this market and never will because you dont understand who rules this world and what was the purpose of introducing crypto into the world markets. lmao at you idiots.

>>29336948
>Dropped from 1350 to 90

ETH January 1st 2017: $8.42
Prev ATH: $20
After it broke it's ATH of $20 in March 2017 it went on a bull run to almost $400 and then dropped to sub 200 and everybody said the game was over. Until it fucking ran up to 1350. THAT'S 10 MONTHS OF GROWTH AFTER IT REACHED IT'S ATH IN 2017. WE SURPASSED PREV ATH EXACTLY 3 WEEKS AGO.

Stop being fucking dense boomer read a chart lmao you're literally comparing a 300% gain to an asset that went 160,000% up in ONE YEAR.

>>29339891
16,000% not 160,000% obv

Hey bobos how cheap will i be able to get link grt and nu after the crash?

>>29328100
normies actually watch this trash