/biz/ - Business & Finance

>>52417398
The great ponzi scheme has run out of new dupes.

>>52417398
Why would I slurp a falling knife?
Why don't YOU buy more?
OH what's that? You don't wanna lose money?!

>>52417432
Unironically wanna go long, but afraid of scamwicks down.

>>52417465
then don't use leverage troon

>>52417398
I only buy when it's going up, sorry

>>52417398
Every sell must be match with a buy you retard

THIS CAN'T BE THE END

THEY ALWAYS SAY IT'S DEAD AND THEN THAT BECOMES A MEME LATER FROM FACE MELTING ATH GAINS

THAT'S GONNA HAPPEN AGAIN, RIGHT GUYS?

>>52417398
trust the plan bro im preparing my slurping straw

2021 was 100% fake pricing and fake volume, you should just assume that year never happened

Stop me from panic selling

>>52417512
slurp instead

>>52417398
I'm broke.

I have a stable career and I have cash reserves. I am buying and welcome further dips. No idea how many others are doing the same or if I’m just a retard. I have 1k pees and 1000 link and like 5 eth now. Plus 100 atom and some avax to boot. Time will tell

>>52417398

>>52417537
But muh falling knife

>>52417512
Well. The 5 minute chart shows some indications of a reversal.

>>52417398
Getting ready for the big gulp. Might not be able to swallow this one. Wish me luck guise

>>52417623
it's about to drop faster than a lead balloon

>>52417600
Keked hard

>>52417662
t. solded the bottom

>>52417512
As crazy as it sounds, this reminds me of summer 2021. Just as it was about to roll over, it started to roll, went down $100 or so and just god candled up instead.

>>52417398
Bro like at least 2 billion in all sorts of coins got liquidated/stolen over the last month. The market could take decades to recover.

I just tethered the bulk of my holdings. Enjoy the gains.

I see no reason to “””slurp””” your strings of 1’s and 0’s at this point.
I understand how fundamentally worthless they are.
But I will gamble on them when I think I can make a profit.
Definitely not happening until we’re into 4 digit bitcoin price.
There is SO MUCH more deleveraging that has to occur before it makes sense to accumulate these retarded internet fugazis.

>>52417398
Yes everyone is selling and no one is buying, that’s how it works.

>>52417398
Its still got space to fall. Why rush in on the downslope?
Also which one of you retards is buying FTT?

>>52417398
None of you cunts were here from 2015-2019 and it shows.

>>52417699
The legendary $10,000 green Sminem candle

Slurping is what caused this mess. Sucked too hard. Sucked too dry.

>>52417398
>SLURP MY BAGS NOW!!!! I NEED LIQUIDITY!!!!
Nope, I don't think so.

>>52417398
it's over

>>52417699
The fed isn’t adding bitcoin to their balance sheet anymore, so that isn’t happening

>>52417398
He's no slurping
He's drowning

>>52417398
It turns out that a lot of what FTX did was counterfeiting. There may be a ton of counterfeit BTC on exchanges. Get out now.

SLURPERS????? WHERE THE FUCK ARE YOU????

>>52418408
Brainlets don’t realize whales are already slurping hard

>>52417398

I'm DCAing down with 5-tier limit orders. So far, 3 of my 5 tiers has been hit. My lowest being at $15,600. I'll start a new ladder if it falls below $15,500.

I'm still expecting it to fall lower, but I think we are nearing the bottom. https://fred.stlouisfed.org/series/WM2NS M2 has only dropped slightly, even with FED funds at 3.8%. https://fred.stlouisfed.org/series/M1SL M1 is also barely moving.

There is a lot of cash right now waiting on the sidelines. Normies are waiting for the FED to pivot and then they are going to go right back into high-risk assets, like tech stocks and crypto. I'm expecting Bitcoin to Crab/Dump until early-mid 2023.

>>52418590
the sane comment in this thread

>>52417398
Look at the weekly volume on that red dildo that just closed - Highest volume this cycle yet. That means slurpers legitimately tried, but whales cleared out every single bid that got in the way

It's fucking over

Just bought my first whole DASH

>>52417398
I literally drink ur milkshake

>>52417398
I don't see any incentive to buy now..

>>52417398
not gonna buy your bags. I was worried I wouldn't sleep well selling at a loss this summer if the price recovered but instead I get to feel extra smug

>>52418590
> Normies are waiting for the FED to pivot and then they are going to go right back into high-risk assets, like tech stocks and crypto.
>implying normies pay attention to the FED rate hikes and not the tik tok influencer moonboys
Normies have zero cash reserves

>>52418808
Yeah it's just bots and jeets. They're extremely aggressive right now.
>hold the line
>where my slurpers at
>diamond hands
>eat this dip
It's all bullshit. Keep your money on the sideline and see how this develops. We have a lot of rough terrain ahead.

>>52417398
I don't get paid for a few day. Fuck sake, it better stay at these levels or drop

>>52417600
I already own nothing and I'm not happy.

>>52417398
Slurpers are waiting for 10k kek

>>52418881

>Normies have zero cash reserves

Factually wrong. Normies still have higher cash reserves because of the stimulus checks. It has gone down slightly, but not as much as you think. https://www.jpmorganchase.com/institute/research/household-income-spending/household-pulse-cash-balances-at-year-end and like I just pointed out, M1 and M2 are barely moving. Everybody is just holding cash, Treasury Bills, or money market funds right now. When the FED pivots, thst money is going to leave low-risk securities and go right back into high-risk.

>>52417598
Not alone. I’ve been layering in weekly when btc is below 20k.

>>52419185
Gaaaaay