/biz/ - Business & Finance

>>6297222
Bumping this.

>>6297222
The daily.....AHHHH IT'S CRASHING thread

>>6297222
dumb money already got fleeced yesterday and today, it's mostly smart money now

>>6297222
What do you mean dumb money is in? Looks like the same trend we've been following for the past 6 months.

>>6297222
>GUYS BTC DROPPED 10% AND I LOST $100 DOLLARS AHHHHHHHHH ITS CRASHING

FAGGOT I WAS IN BTC WHEN IT WENT FROM $30 AND CRASHED TO $2. THIS IS FUCKING NOTHING YOU FUCKING STREET SHITTER SELL YOUR MOMS INVESTMENT AND GTFO MY BOARD.

>>6297222
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!

>>6297494
>>6297544
I'm just saying, we are following the trend exactly as it plays out in speculative bubbles. Nobody knows what the future holds, but you should be responsible with your investment. If you're up by a lot, secure your initial investment.

>saucy boi

Make $450k, pull out initial investment of $3000. Wow i feel so safe now.

Already cashed out my 10x my initial and kept a bitcoin for the lulz
This shit is going to 8k at least

>>6297614
>this chart again

I feel that this a legitimate concern.

>>6297614
I have a 7 digits portfolio rn and the daily AHHHH threads are my fuel to keep on making gains. Keep on spreading fear...i will make more money in the meanwhile and laugh on the way to the bank

>>6297222

>>6297710
Look man I'm not cashing out and I'm up bigly as well. But how close we are to the trend is spooky. I've secured my initial $20k investment + $10k profit + taxes. I'd rather miss out on potential gains than lose my investment. The amount of risk you take is your perogative, I just don't want to see people burned. That's all.

>>6297831
OP, there's not much hope for you dude. you're terminally a dumbass

>>6297494
>daily

kek every fucking day, just fucking quit if you're such a massive pussy faggot. jusus

>>6297675
Kek. This. If I lose it all it would suck a little bit but its not like any of it is real money at this point. I'd rather let it ride then pull out this early and miss out.

>>6297614
Institutional investors are into bitcoin about a month ago and altcoins are still in the smart money stage.

>>6297831
Sell and leave this board then you fucking human trashcan.

>>6297831
Everyone has his own incentive. There is one Robin Hood in a million and especially in this side nobody wants to help anybody.

And then again, this chart comparison ist happening since movember. In the meanwhile bitcoin loses 0,5% dominance daily. Bitcoin will be gone faster then we think in this pace.

Explain what is dumb money for a newfag pls
And whats a SAT?

>>6297931
It's not a zero sum game you fucking retard. Are you 20 years old? I'm 45 and have invested since I was young. Im old enough to have seen the dot com bust. If you would take your head out of your ass long enough for a breath of air you'd realize what I'm saying is not unreasonable at all.

>Inb4 boomer

>>6297581
>btc is around $15k
>drops 10% and I lost $100
>drops 10% and I lost $100

Nice maths. I wonder how your portfolio looks like. If you have one that is

>>6298031
never trust a boomer

>>6298004
you are

>>6298188
up 4x actually.

>>6297222
yeah man taking out my 1k initial investment is going to make me losing 100k alot less painful XD

>>6298031
>"i'm old so i'm not a lying faggot"
just like a fuckin idiot like you would want us to believe. enjoy ur losses

>>6298241
well done

What the fuck is it with all the THE END IS HERE REEEEEEEEEE threads today? Jesus go take a fucking walk or read a book or watch a damn movie or 12.

>initial investment was $100
k

>>6298253
Not everyone got in when you did. Not everyone made wise investments. Not everyone has experience in trading in speculative markets. And believe it or not, not everyone here is only out for themselves. I want crypto to succeed and I was /biz/ to succeed, but that doesn't mean I should bull rush until I lose it all either, and neither should you.

>>6297831
I'm putting a face on the idiot who's FOMOing into my bags down the road. Fucking idiots.

>>6298370
why are you on /biz/? go read msnbc you cuck

institutional buyers were way too late in this game. they have only started to accumulate as evidenced by the increase in volume. i would say we are at a halfway mark to cryptopeak.

>>6297614
Fuck off, it’s no longer march 2017. Even the newfags now know better than to be scared by the memechart.
Every second you wait fudding and trying to get a better entry will bite you in the ass, cocksucker.

>>6298130
BTC dropping to 8K would be ok, BTC was in a bubble anyway and 8K is still a good price desu. Still up x16

>>6298487
Is it not evidence that I know where to look for emerging trends? Go look at social media. Look at all the idiots who bought BTC @$15K+ if you don't think they are going to get dumped on by smart money and early adopters you lack the experience to watch your back. All the more reason you should consider what I'm saying.

>>6297222
Who gives a shit. The ultra wealthy are still figuring out how to milk crypto for everything.

Yep. Time to sell goys

>>6298595
Stop trying to justify yourself, maybe you are right and BTC *is* a bubble. That does not mean the entire crypto market is a bubble. BTC has been overvalued compared to the rest for quite a while now.

>>6297222

banks be like:

>>6298595
you're acting as if someone o here would actually buy btc at 15k.. gtfo. you suck and you are very wrong. report back in 2 weeks for 2x lashings

>>6298370
And it will succeed. That's the problem with you. It's not going to succeed or not succeed based on whether or not you get a few extra bizraelis to cash out now.

>>6298319
shariahblue thinks they can get us to sell

>>6297222
Yea definitely not selling. BAT is getting normie awareness. Don't care about a correction. Will just buy more.

>>6298673
BTC is the face of crypto. BTC brought the money in, BTC will flush the money out. If you don't think alts are overvalued you're fucking drunk. Almost all of them are little more than concepts and pilots. Pure speculation. How do you think people will recoup their BTC losses? They'll sell their alts.

>>6297710

I need a 100x by eoy

Hook me up bruh

>>6298797
you are really relentlessly a fucking retard and i pray you don't ever buy back in. you don't deserve to be among us

>>6298595
>newfag boomer has been two months here and thinks he is not the idiot who is buying our bags
You are cute

>>6298694
Risk of loss vs chance to gain. Your money, your scales. Most aren't savvy enough know when to secure profits based on their own risk.

>>6297222
I’m confused. This is bitcoins chart. Bitcoin is dead. The market is healthy. Why should I care about your shitcoin?

>>6297222
>Binance adds 250k users yesterday and you think the sky is falling

>>6298933
Shit, how did you know? Mongler, surgeon, it's a lion, a master is out.

>>6298031
Bitcoin might (will) die, not crypto

i don't understand how you can say that dumb money has reached a tipping point when most people don't know and can't even trade these cryptos since exchanges are on lockdown.

we are at stock market ath and it's frothing with money, people are itching to make more on their roi. this is clear from the all the exchanges closing down registration to make room.

once i see my next door neighbor buying some shitcoin i will sell it all and retire

My strategy is just to buy good long term hold coins, not check the price of cryptos every second, wait two or so years, then see whats good

i bet i 20x my shit by then... my very presence on this board does contradict my initial statement however

>>6299164
Bitcoins death is a certainty, but if it doesnt have a healthy death, everyone is in for some buttpain. It's one thing if there is an organic takeover, it's another if BTC jumps off a cliff.

>>6299164
top kek

As soon as BTC touches 8k your alts will be worth 1 sat

>>6299103
Not a 4chan newfag. A crypto one.
Actually I know you are just fudshilling, but I’m humoring your veteran boomer investor story.

>>6299380
I started investing Jan of last year when I saw articles about people filling 747s wit video cards and shupping them to Asia for mining. I'm being 100% honest here man. I know every Pajeet wants to scam you, but my name is David Davidson. I've always been here for you. Again, I'm not telling people to sell everything, just recoup your initial investment. If you got in early, it's even less of an impact for you to do that, now isn't it?

>>6299231

>if btc goes down, its taking you all with it!!!!

Except it isn't. Btc's market dominance is bleeding away into nothingness. People are learning more and more about superior alts and bitcoins massive scaling issues and retarded energy requirements.


ETH/ALT pairs are gaining momentum and it's only a matter of time before BTC loses the number one position.

>>6299524
Again why should we care about bitcoin? As it bleeds to death money will pour into eth(which is a fiat gateway) and alts. I can’t fucking wait for bitcoin to die. Cut the artery. Bleed it now. I can’t wait anymore.

>>6299608
The day bitcoin loses number one to eth will be a glorious day indeed. I will blow that autistic fuck. I could care less about eth. I just want bitcoin to die.

>>6299608
If your posture is correct then the total crypto market cap over the last 2 weeks should be steady or increasing, since it's simply a transfer of power, not market loss. This is not the case. Re-evaluate.

>>6297222
>DUMB MONEY IS IN
Yes, Koreans are fucking dumb. Thank god they're exiting the market.

>>6299608

Deluded newfag

>>6299697
Value can disappear without a cent leaving stupid faggot

>>6297222
You started a whole year ago and that’s all you made??? God you’re an idiot, why would I listen to you?

>>6299784
Yep. When the dot com bubble burst almost all the value evaporated and nobody got their money out. You're completely right.

>>6299736

This is you and your kind

>>6299913
All the shit tokens with no value will die. Lots of coins with a purpose will survive. Just like the dot com bubble. Pick good coins.

>>6300236
How can 2 and 3 be true if 4 is true lmao.
You degenerates need to prepare to buy the BCH dip by the way.

>>6297614
you're dumb as fuck dude, we're literally at the very beginning of the crypto bubble, its still in its infancy. Media/normie attention has only started ramping up in recent months. Up until 2017 almost no one really talked about Bitcoin/crypto in the mainstream.

We have several more years of smooth sailing ahead. Also why do you have such a short memory? Don't you remember like uh, 20 days ago when every altcoin had mooned by ~400-1000%+ and everything was sunshine and flowers? This is just a tiny dip, we might have a bad week or two but crypto is going to reach mutli-trillion dollar market cap in 2018 so this sort of FUD is a massive waste of time and energy.

>>6300333
I remember people saying that about bitcoin in 2013 at 1000 when they were predicting 10k for 2014

feels similar today but its true that the situation is different different. It will pop yestion is just if thats now or at 2 T marketcap

>>6300331
Also #1 invalided the rest of the list.

People posting mobile screencap of fucking coin base... no body else sees how ridiculous this is? If you use coin base your opinion on anything the market is doing is automatically irrelevant

Look at log scale then stfu

>>6300509
were you around in 2013? do you even know what happened? BTC would go to 10k in 2014 if not for mt.gox, but even this only postponed that inevitable bullrun by 3 years

There's nothing of similar magnitude happening now

>>6299608
>market dominance bleeding away into nothingness
Dude, it wasn't even two months ago btc was destroying the rest of the fucking market while it was going 6k in a single fucking day
Get your head out of your ass newfag

>>6300870
Things have change. Fees and transfer times.

>>6300623
meme lines with a star

You guys are getting more and more creative

>>6300333
Crypto moves a lot faster than everything else, might pop faster too. Will also probably recover faster, if it does.

if youre not rich in crypto keep your money in and ride it to being rich or nothing.

faggots

>>6298031
What a fucking grandpa

>>6297696
Vechain chart on the right

>>6298188
Are you fucking retarded?

>>6298363
Same here. I'm up to 10k. I kind of wish I had put in 10k to start with I would have been a fucking millionaire by now. Already cashed out 2k a few weeks ago. I'm not sure how much longer before it all crashes down to zero I'm thinking about cashing it all out right now.

OP is a moron

>>6297581
>>6298188

LMAO PEOPLE ARE MAD AT OP FOR SAYING SECURE YOUR INITIAL INVESTMENT HOLY SHIT

>>6297614
we're in the bear trap phase

I think it's way to early in the game to crash. Bitcoin will have to inflate to 6-10X what it is now before we see anything but minor pullbacks.
Lots and lots of new money running to the crypto space.

>>6300735
What's a better way to get USD into the market instantly?

>>6301254
Dude im gonna kill myself I knew about crypto since 2012 but only got in 2 days ago im such a brainlet

>>6301651
They all go hyperbolic like I'm saying liquidate everything. Completely expected on /biz/ tho. No sweat off my sack, I'm just trying to give people reasonable investment advice.

>>6301741
This and not only dumb money. Do none of you listen to what the crypto fund managers are saying and who they're getting calls from? (((They))) will be getting in even more this year.

>>6301658
That's where I believe we are as well.

>>6297222
Smart money got out when it mooned at 19k. Just watch the live trading now. People are buying aggressively into sell-walls instead of waiting for the sell price etc.

>>6297831
what a faggot

>>6301780
Bitcoin ATMs

>>6300623
Why is everyone using this Tom Demark numbers shit?

>>6298031
ahaha this just gets better and better

>>6299608
>Thinking market dominance matters
>With shitcoins with a high supply being pumped for profit.

The current market behavior would suggest that anybody who bought under 13k got off during the climb to 19k. Biglaff.gif

>>6299380
he isn't even a boomer, he's a Gen X

don't fuck with Gen X we paved the way through Boomer FUD for your sorry asses

>>6301242
I can completely picture BTC going sideways at about 6 months. The market would prosper so much too.

>>6302791
I'm thinking the same. ETH will eventually pass it up and then BCH. After that it'll be between BCH to battle it out.

>>6298031
>Invested since I was young
If your predictions about crypto were that good you would have made it long ago no?

>>6297614

Zoom out.

>>6297614

>mom I posted it again

>>6297222
definitely possible a massive BTC slide puts a huge dent in the market temporarily

these newbs who hate BTC know nothing about crypto or tech or how amazing BTC is, its sad

BTC is definitely due to slide powers in the world want it to SO THEY CAN BUY IT UP

humans are such herd animals we are walking right into it

alts will get more powerful, they will take hits, but if BTC can keep sliding down slowly it will be fine

don't shred this guy for sharing an opinion to get your initial investment out. we need intellectual arguments like this to survive

he isn't FUDD - he's giving his opinion and if you own bitcoin you should fucking listen, because the hate spewed on bitcoin is really jealous, but herd effect is in play and everybody wants "next bitcoin" - well there ain't gonna be another bitcoin, sorry

when you shit on bitcoin or people trying to share their opinion you only shit on yourself

what's wrong with /biz

>>6302937
I think he means he's been AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAing since he was young.

>>6298031
Too lazy to sell. Can't be bothered will get a bunch of annoying tax questions also. Things will recover eventually.

>>6302865
ETH and BCH are both going for the same solutions of dynamic blocksize scaling with sharding and things like that.

>>6303195
kek

>>6303177
>these newbs who hate BTC know nothing about ... tech

the fuck? BTC is the least technologically advanced coin. that's why people want it overtaken by ETH, XMR, QTUM...

>>6301804
Thanks op, I appreciate it.

>>6301804
What's the point? If everybody should exit like you said the entire market would crash and be dead for a long time. I'll take my chances.

>>6302937
>>6303195
If only I had more confidence when I initially invested... AAAAAAAAHHHHHHHHHHHHH

My ATH folio was ~290K.

>>6303177
Not really you are just delusional, you can't accept the fact BTC MIGHT FAIL. So you keep being in denial. This is not 2008 anymore, BTC does not have 90%+ market share anymore.

>>6303380
Never once in this thread have I told people to exit. Did you even read my posts? SECURE YOUR INITIAL INVESTMENT... that is, unless you FOMO'd in at 17k BTC, then I've got bad news for you, dumb money.

>>6300509
So how are 800,000 bitcoins and what may as well have been the only exchange going to disappear again?

>>6301089
No different to what they were at the time of the China crash... actually I'm able to get tx through for under $10 in an hour atm, couldn't do that pre bch fork

I only put in what I can afford to loose.
This is now a SHOW ME YOUR HODL FACE TREAD!!!

>>6303522
>loose
Go away sub-human, men are talking.

>>6303522

>>6303455
>muh market share
I make a coin with 100 trillion supply
I sell one coin on yobit to my brother Rakesh
BAM wow, 1000 trillion market cap, btc market dominance is totally and utterly destroyed

Fuck off retarded altcoiner

>>6303561

>>6303621
You're LARPing as a brainlet, right? You can't actually be serious, unless this really IS the beginning of the end.

>>6302404

They are not in anyway an absolute indicator but very useful to help see/predict trends and trend reversals.

Also, trading the nines is a good strategy most of the time.

>>6303635
Isn't this twitterslave getting pounded in jail rn?

>>6303705
Please understand how market caps are calculated
When there are 1000 shit coins with a 100 million market cap yet only 100btc volume a day... figure it out dumb fuck

>>6303718
yeah he is in jail for shitposting. He's not getting out before his trial

>>6300333
I think we are at the end of the bitcoin bubble, but the bear trap of the cryptobubble.

>>6302306
Literally had to pay 3000 dollars a bitcoin when it was 2300 at an ATM

>>6299194
im 18 and work at Ross, i heard these 2 younger girls talking about bitcoin and they taught me how to invest with coinbase on my phone. i invested the 3k i had saved from working at ross and then told my dad about it and he invested 15k as well because he keeps hearing all his mexican construction guys talking about making tons of money off of it.

where do you live?

>>6301462
wow when did u start?

>>6298031
https://www.youtube.com/watch?v=dyEOLceRmsQ
BOOOMER!

>>6303522

>>6297222
thanks for reminding me to doubledown on my 50 ETH deposit into Ver's latest hot new PnD

i agree it's not FUD, it's good investing advice. don't make other people rich, bitcoins going -10k.

>>6303522

>>6304220
Buddy I can with 100% certainty guarantee a bunch of braindead wetback construction workers

1. Could never figure out how to buy bitcoin
2. Lied about making money buying bitcoin

Spics and niggers and retarded people in general lie about their accomplishments all the fucking time, the proof is in the pudding, they're fucking construction workers. Every guy gets laid every weekend, every guy secretly made a ton of money doing something nobody else thought of, every guy has an 8 inch dick, every guy scored 170 on his IQ test in the third grade.

>>6305571
Every guy think they know more and their race is the best race.

>every guy
>fucking tard.

Im talking to you bub >>6305571

News flash every guy lies, just like you get off pretending to shill yourself as intelligent.

hurr durr mah IQ. Are we in the 90's?

There is a special kind of retard behind people like you that I cant put my finger on.

>>6297222
I saw this coming too. I sold all my alts that were speculative (no project in production) and tethered up. Asshole pucker factor 2^99

>>6306175
What the fuck are you talking about assclown?

>>6297222
>many of you aren't shitheads, I don't want to see you all burned.
I'm a shithead and may soon self-immolate

>>6297544
>dumb money already got fleeced yesterday and today, it's mostly smart money now
you're right, it's time for smart money to get fleeced

>>6306175
404 no argument found

>>6297222
you stupid fag making everyone dump at 13k, this bitch will be 100k eoy while you'll still be sucking dick for a living