/biz/ - Business & Finance

>>7254035
I always forget which way round it is

Is a bull trap a trap where people think the price will go up (ie are bullish) but it actually goes down or is it a trap where people think it’s going to go down (are bearish) and so get trapped into not buying when the market is actually bullish

>>7254114
Basically is it the market that is bullish and so traps bears of is it the people who are bullish but get trapped when the market is bearish

>>7254114
LOOK AT THE FUCKING PICYURE AND TELL US
Holy shit you guys are fucking dumb. "muh normies are dumb traders lol XD"
You autistic cunts don't even know what fucking trading means. Fucking awful forum.

>>7254114
the former is bull trap
bear trap is you are selling thinking it is going to free fall but it is actually about to take off

>>7254142

are you literally phone posting right now? go fuck yourself

>>7254142
Bull trap = a trap for bulls
But this is /biz/, no one here has a fucking clue what they're doing yet everyone's shouting "dead cat bounce!" "bull trap!" at every opportunity they have and then they complain that they sold low.

>>7254188
I am literally phone posting right now

>>7254142
a bull trap is basically what it says it is.
If the market is showing signs of a bull ride, the bear and the trap are set up for people trading.

>>7254035
>normies taking out loans and putting a mortgage on their house to buy buttcorn at ATH
>not mania

Still 30% in fiat, soon we're at the price I sold. Had a bunch of low sell orders that never filled. When do I reenter?

>>7254482
hmm looks like a trap i dont know, lets pray

>>7254482
Why did you even sell in the first place?
It's people like you why it crashed.

>>7254295
some normies have done that, think of the degenerate types, the ones that would go to the local casino and bet their rent money on a hand of blackjack, lose it all, and then start dipping into their childrens college fund to try and "break even" only to lose all of that as well.

Those are the people you're referring to, they don't represent the bulk of society, they are the fringe degenerates.

Mania hasn't even begun, we won't be in mania phase until crypto's at a $3-5 trillion mcap

>>7254482
You reenter once the price is 5% more than what you sold it at.

>>7254167

>forum

>>7254971
horrible advice, "what you sold it at" does not actually change the future price of the asset

that's not what you should base your decisions on

>>7255020
Yesterday
>Why haven't you guys sold don't you realise your hodl meme just means you won't be able to buy the dip?
Today
>Why would you sell at a loss don't you guys realise you're just setting yourselves up to buy high sell low when it recovers?
I swear this whole board is a collective larp.

>meh volume
>way more long positions than shorts
Yes, it's a bulltrap, sell now while you can high, otherwise you will panic sell at 5k.

>>7254035
I mean, say it every time and you'll be right a few times

>>7254035
It's not a bull trap - that would be too easy and predictable

>>7254731
some of us have to sell for taxes

>>7255097

DESU I take it for what it is, and with relative nonchalance. Massive loads of larping, shilling, fudding, memeing. Yet some insightful coups. /biz shilled REQ at 0.03.

>>7254731
Why would I care if it crashes when I'm in fiat?

BULLRUN
U
L
L
R
U
N

>>7255199
>THIS FAGGOT GOT AUTO DESU'D
AHAHAHAHAA
EVERYBODY LAUGH AT THE NEWFAG

>>7255261

oh my senpai (intended) your life seems so full of incredible cliffhangers.

>>7254035
>"bull trap"
does it have a benis

>>7255317
unironically, I'm also a newfag desu

>>7255317
KEK BAKA DESU SENPAI

>>7254167
>implying normies didn't invade /biz/ in recent months
What makes you think that everyone here is some sort of oldfag? Everybody can come here at any time and post dumb normie shit. Back in December, I saw a THREAD with which OP asked what "Q4 2018" meant.

>>7255261
youre a moron pls kys

>>7255574
wow that hurts. Now I know how other people feel when I tell them to kill themselves

>>7255574
>pls kys
Once BTC hits $0

>>7254482
remember to pay taxes :)

>>7254114
an easy way to remember it is:

Bull - charging forward, often without thinking
characterised by high growth, and lots of hype / FOMO (2017)

a Bull Trap is when someone is feeling 'bullish' (confident) in the market
when in reality the prices will continue to fall lower, making bulls lose money


Bear - hiding away / hibernating
characterised by by stagnant / dropping prices, lots of FUD (2014 to 2016)

a Bear Trap is when someone is feeling 'bearish' (unconfident) in the market
when in reality it is going to shoot upwards, making 'bears' miss a chance to make money

>>7254035
Is the mania phase where we are all sitting on millions and people finally realised what the fuck happened?

2018 will be the year crypto reaches 1trillion and goes intergalactic.
We will laugh at those that panic sold in January and February.
Dead serious.

>>7255102
>way more long positions than shorts
isn't that a good thing ? Shorts were squeezed yesterday, I doubt we will see them again so soon. Maybe after 10k.

>>7256142
Mania by definition is when everyone think they are geniuses, no one lose money, and no one talks about bubble

>>7254295
this has been happening since bitcoin was in the triple digits, it'll happen every time it gets a new ATH

>>7255570
And what does it mean

>>7256064
Good explanation, thanks

>>7256929
That's probably a bad thing, because a lot of longs are underwater and might get liquidated. The big shorters closed their positions at 8k-8.5k at a profit. Now they can short the top again.

>>7254114
>>7254142
>>7254169
Fucking hell can this website go for a day without talking about traps?

>>7257675
kek