/biz/ - Business & Finance

FFS

CRASHING THIS MARKET

>>5405393
gotta go down before it can go up

MOTHERFUCKING CHECK THESE TRIPS NIGGER

all the boomers have a massive fucking hard on to buy in at 15k

maybe on the 25th

>>5405393
the fuck are you talking about mate?

WEEEEEEEEEEEEEEEEE

https://www.youtube.com/watch?v=oUbpGmR1-QM

BUCKLE UP

ITS HABBENING

WE WERE ALL WARNED

>>5405655
warned about what? That asia just woke up and is doing the thing it does every day?

>>5405393

The 15000 USD mark was full of booby traps.

God damnit. My daily gains just got owned.

>>5405393
prediction time: is ripple also falling or will it rise like last time?

HOLD

>>5405899
Ripple is over extended, look at the charts. It's due for a correct and when it happens I'm jumping back in, I'm guess it'll correct to about the low .80's

>>5406044
i want to believe too, but it hasn't really budged all day

bitfinex sub 14k incoming

>>5406044
LOL ripple will NEVER go below a dollar again. ripple will NEVER have more than a 15% loss. ripple will FUCK your MOM

>>5406044
>>5406080
>>5406133
seems to be approaching 1 usd in bitfinex again. if it crosses that, i can see it testing 0.9

SELLLLLLLLLLLLLLL EVERYTHING

sell while you can anon

>>5406150
0.98x is here. looks like the correction is arriving maybe. i'm hoping for 0.75 - 0.8 though i could see it going as far as 0.6

>>5405981
Yes, keep holding, brave man.

Who's got liquid and is excited?!!

>>5406219
i have 7.7k, i'm probably getting back into ripple

0.97 approaching. keep falling my dear

SELL SELL SELL SELL SELL NAAAOOOO!

>>5406533
Not even fucking with it. Not worth it, just gonna hold.

Hopefully it stays die this time fucking shitcoin. It's time for superior tech to reign the market in. Only a matter of time before you can choose from multiple pairings.

IT WAS A BULL TRAP, WE ARE ALL DOOMED

I have my stoplosses set so whatever. Will buy the dip if the market tanks.

>>5406659
Your stoploss set on what ? On BTC/USD ?

>>5406727
eth/usd, but eth has been tracking btc at around 21:1 anyway, and I have another 40k to spend buying the dip/tank

>$1800 difference in BTC/USD btween GDAX and Binance

wut

>>5405393
Where is the crash anon ?

ITS STABILIZING ASSHOLE :D>>5405393

Please crash so I can spend my pile o' wasting fiat cash.

>>5406133
The true ChadCoin

Broken 13K on Binance, About to break 14K on Stamp. Get out into Fiat boyos if you don't want to get crushed. Get in again after it has bottomed out. easy money to be made gaming this dip.

>>5405580
your little dead cat bounce is over and we're going to 8k
what exactly don't you understand?

>>5407010
Dip is over, we're going back up friend

>>5407010
We're going lower than that. The point of equilibrium will be between 1k and 5k and it will continue to chip at the value of BTC until it reaches that. It's not the end of cryptocurrencies, but to be honest I don't know what to think about BTC's future. Right now it's pretty unusable unless you want to move large amounts of money semi-anonymously, and even then with the wild swings and the delays, you have no idea what the value will be while it transits from point A to point B. It had a pioneering role, but it looks to be breaking in a lot of place right now. The community can tape it together, and of course it has the incentive to do so, but it's like putting your finger in a dam that's cracking all over the place. I'm not following BTC too closely, and maybe some of the buzzwords that people throw around will be. what solves all of BTC's problems once they're implemented, but as someone who came late to the game and has no investment in it, and seeing new more functional coins while BTC continues to deteriorate, my confidence is a bit shaken. It went through all this before, and might survive to live through it many more times, what do I know. The future will tell.

>>5406133
>currently 0.94
>will probably drop to lower than 0.8

Please no, I have it all in the exchanges ready to buy altcoins, now I either have to settle with less purchasing power buying altcoins, let them sit on an exchange or withdraw and pay a shitton amount of fees and wait for way too long :(

>>5406575
NOOOOOOOOOOoooooooo I just lost a $120 in the last 10 minutes

>>5405393
BCash bout to BCRASH this Blockplane with No Survivors@!

>>5405981

wall street wasn't involved before, they make just as much money on the way down

>>5408065
Whats up ltc qw33n

yeah its totally crashing, not just another bounce to support and then up again.

im out niggeeerssssssssssssss AHAHAHAHAHAHAHAAA lets fucking go

cant wait to buy back in at 1/3 of the price now. there is a slight chance tomorrow will be 'all green' for the last time

weak hands got shook again lol

get ready for pink wojaks retards

Why is there such a big disparity between binance and gdax?
Like almost $2k with bitcoin.

Just Japs cashing out to pay for their KFC relax. Merry Xmas.

>>5408668
you fucked up

>>5408714
Look at this crazy shit!

>>5408797
Fuck, that is binance/gdax.
I forgot to change the title.

>crashing this market on christmas
truly hilarious

>>5408724
Laughed.

>>5408714
You're sure you're looking at it in the same currency? In any case, it's not finance or coinbase that sets the price. And while it will reach a consensus, I guess people who panic at one place may be willing to sell lower than at others without realizing it. If it takes time to move BTC from one place to another and they want to sell NOW, they won't really be shopping around. If I'm mistaken, I'd be glad if another anon could give a better reason.

>>5405623
Shaolin cowboy. My man

will you guys shut the fuck up and stop being pussies

>>5408886
>You're sure you're looking at it in the same currency?

Of course. US dollars.

>>5406659
Enjoy the flash crash order fill

>>5408886
>>5408714
its caise arbitrage to GDAX is hard to do. And normies dont consult other prices.

NO SURVIVORS

>>5408925
its not the same currency USDT = tethers

Congrats on this.

>>5409014
>USDT = tethers
Explain this madness.

>>5408925
Brainlet

>>5409055
I just looked it up and USDT is "tethered" to the US dollar in a 1:1 ratio. It isn't any different.

>>5408925
>>5408965
Yeah, transaction delays would make arbitrage near impossible, no in real time anyway (they also make all other transactions almost impossible but that's another story, lol). My post made less sense than I would have wished, guess I'm more tired than I thought.

>>5409025
It's a made up coin without actual backing. Bitfinex created it and said they were worth a US dollar each, but all signs point to them just making shit up.

>>5409081
well, hopefully

BTC just double topped on its way down btw

Looks like Litecoin is moving without bitcoin influence. I expect a strong move down very soon.

>>5409129
What do you mean?

Alright guys its time to invest in ZCash and Quantum. These are the coins of the future and will dethrone ETH and BTC.

>>5409183
I mean that it failed to break downwards trend and we are most likely in for another dip

>>5409159
They're all going to move down. Cryptocurrencies are awesome, but especially if this continue to go on for a few days and it's a completely normal thing, a lot of people who got burned because they just bought in the last month will say "fuck this shit" and I guess the mainstream might point and laugh a bit. There has been other quiet periods before, and most serious projects will likely just continue to chug along.

>>5405655

https://www.youtube.com/watch?v=JUueYCPmloU

>>5409376
>They're all going to move down
Pic very related

>>5409437
It's far from impossible that it reaches this point. If we look at it realistically, 66$ was close to the ATH in mid-november when the last crazy was getting started. That's a month and a half ago. Nothing really changed about the product or the market since then except the hype around it. Once the hype dies down, I think it'd be normal to expect it to return to habitual prices, which were around that for LTC.

>>5409437
wtf is that nooooooo!!

realistic dip level?

>>5409600

That's a great point. Hype level of today does not match what the tech can actually do. Granted, a few new developments/rumors are surrounding LTC which might affect the price a bit. I'm setting my limit for around 105 or so. Always the risk that if you're too greedy that you get nothing at all.

>>5409684
8k

>>5409684
11 or maybe even 10k for bitcoin, at least briefly, deppending how strong the resistance is, if we don't bounce back at that point you can expect mid 8k range next

>>5408642

What is that a fucking 24 hour chart?

Fucking normies cant into TA

>>5409684
7500 would be a healthy correction imo. Hopefully ETH takes over as the number 1 coin because fuck BTC, it is a glorified shitcoin.

>>5409725
60% retrace? Bit steep

>>5409741
15 minute, how can you not tell the difference??

>>5409743
ETH is very interesting. I'm spending the crash learning more about how it works, it's really cool.

>>5409735
if resistances occur every 2-2.5k will there be an all out bull market each time just like today? they could milk lots of money like that while spiraling downwards.

>>5407010
It's not a dead cat bounce, retard. It's a bull trap.

>>5409743
No it would need be
>66% correction would be healthy hurr durr
You just want cheap coins

>>5405499
Meh, close enough

Alright seriously

Should I just cash out?

I've been holding since Summer but this is the first time I feel like this shit is going to crash, for real.

It looks like Bitcoin hit the 20k mark and crashed, and it's not going to bounce back. Everybody knows Bitcoin is not fucking worth 20k.

>>5410009
Best decisions are emotional decisions

strong bullish tre... OH SHIT

>>5410052
The decisison to hold is also emotional though.

There is no reason to think the price is going to bounce back, it is only a gamble.

>>5410009
bitcoin has to crash and die in order for the market to be reborn

Best strategy is to just walk away and be happy with what you've done. Know when you've had enough.

>>5410092
I'm new to the whole crypto game, been lurking here for a few months; still haven't bought in so perhaps my opinion isn't worth anything. But if you're happy with your gains and feel the gut telling you to get out then I'd get out. A man who's not satisfied by a little is not satisfied with anything.

>>5410121
This anon has the right idea.

>>5410009
So if you're worried about it not recovering, cash out the equivalent to your original investment (x2 if you're up that much), then sit on the rest. Best case scenario you've made money, and have room to grow if it bounces back again. Worst case, you got your money back plus some extra, so it isn't a total loss.

Guys guys guys it's dropping it's dropping it's dropping what the fuck do I do I just put 10k into ripple which is 90% of my savings it's about to bounce back big right?

>>5410009
That's entirely up to you. If you're still ending up with a nice profit, you end up winning. You need to look at what you really gained, not "what could have been". Most HODL memes are from people who don't want others to sell for fear that their own 'investment' goes down. That's why people who say they sold at whatever price get death threats. on reddit.

In my opinion, it's pretty much a coin flip as to what would be the best move here. If you do decide to get out because you still have a healthy profit, I wouldn't do it while everyone is panicking though, even if things were to continue going down in the coming days, it will likely go back up a bit before coming down again, etc. It's your own decision.

>>5409803
same thing

>>5410009
Just be peaceful with the fact that if you cash out, it will bounce back, and you hold it will tank because the universe if fucking with you lol. But really, in the end any decision you make will be the 'right' decision, since if you had acted differently, whatever happens after might have gone differently as well. So just take your decision, stick with it. After that, don't beat yourself up on what could have been or not, just work with whatever the future holds and continue from there.

>>5410188
ye just hodl

>>5410194
>>5410164
>>5410052

I am having a hard time deciding if I should cash out or hold.

I don't really want to cash out on my initial investment because I would rather go all the way or not at all. If I hold and it crashes, then fuck it, I went all the way in and I tried.

But I also think there's about a 60% chance this will all spike up after the holidays. It does always seem to dip at the holidays because people pull out their investment for traveling and gifts and stuff.

Most likely it will go higher than it ever has gone in the first few weeks of the new year... but there is also that 40% chance that it will crash completely.

I invested my money into crypto to pay my high property taxes in Illinois...

>>5410564
I can see stuff crashing over holidays then going up after the new year too.
But like I said, I'm pretty new to this. Planning on getting in right before new year, myself.

>>5410564
I don't know how much you have in this or how much you need the money. Personally I'm just letting everything sit there without any selling orders, but #1 - I don't have anything in BTC and #2 - my whole portfolio is in the low 3 digits. I also bought in hours before the first crash. I think/hope the market will go up again, but no one of us has any control on the evolution of the situation. Like I said, if you sell, you're *probably* better to wait until tomorrow as things should pick up again before possibly continuing to drop tomorrow around this time. It's been like this for the last two days, but who knows. Merry Christmas and good luck.

>>5410564
Let's assume you're sure your alts will bounce back after any crash eventually. Then let's consider the short term: What do you think are the chances we won't see a major correction? Compare that to how likely it is that everything just keeps rising. You can keep the majority of your stack on hold since you have faith in it, but for the short term you can make a smart play with a small portion of your stack by evaluating how likely a crash is compared to no crash, and then cashing out an amount that reflects the likelihood of a crash. If you expect a crash, you'll be much happier with some fiat laying around so you can buy back cheap.

>>5410785
I would say there is a good chance ETH goes up around the 1k mark, or even exceeds it in the near future.

I even think there is a chance ETH will flip with BTC in the future as well. ETH could make some insane run up to 5k-10k or something like that.

>>5410760
Ah okay. I put in about $800 and I hit the 3k mark a few days ago, now my portfolio is at 2.2k if I cash out right now.

I probably should cash out my initial investment just to be smart, but I won't be able to hit my goal of 5k for my property taxes this year if I pull it out.

I guess I'll just HODL and hope for the best.

>>5410967
Then only pull a small portion out and keep holding the rest

I did the same thing with XLM. Cashed out 13 %. Will happily buy back, but if everything doesn't crash I'll just enjoy the profits.