/biz/ - Business & Finance

>>7320481
> make mad gains during the bubble 2017
> cash out and take profits at ATH
> be millionaire now
> re-invest most of it back into shitcoins
> mfw

loving every laugh

>>7320481
I only invested the max amount I was willing to risk. I am prepared for 0 brother

>>7320481
we are already at capitulation in the meme chart

>>7320638
implying capitulation isn't 500$

>>7320481
are you implying there will be a reversal next week? kek, i fucking wish...shit's dead.

>>7320709
Oh no, you misunderstand. By then no one will be left. It will hover and bleed around $1000 for the next year or so. It will never go above 5K ever again.

>>7320666
Damn it Satan

>>7320578
same

invested 1300

will ride to 0 if need be

>>7320481
>Thinks biz's gamble is an investment
Nigga, this place if full of faggots who don't know what they put money in now they're posting pink wojacks

>>7320981
Everything can be an investment. Losing money in a casino means you invested into the casino with two expected returns.

>>7320481
We are touching the 200 day moving average. It may dip more but anything sub 7K will be very temporary. Nothing has fundamentally changed which would flag any sustained dip under the average.

>>7321079
Like the bullrun to nearly 20K?
This can also happen in the other direction. A bear run to 1K.

It goes lower and lower and lower.
It breaks through every support line.
Yep, fearful

>>7320481

>entered in December
>still up

How are any of you down?

>>7321188
You would need a very substantial event for that to happen. Like I said, we are at the moving average. You're either a nocoiner or just wholly ignorant to how speculative markets work.

>>7321079
what about bitfinex and tether eventually going to shit?
this whole pump was because of them

>>7321612
No, I'm option three.
I'm a holder who is balls deep and I will burry my balls even deeper in this crash. I don't give a fuck anymore. I will stay on the ship.

>>7321664
If tether fails or it is proven they cant back it, that wold definitely drive the market down for a while. Maybe a year. That hasn't happened though, so there is no reason to think the market will sustain losses below the moving average for any long period of time. That being said there are very promisinf projects launching main nets this year and cryptocurrencies in general are on the verge of widespread adoption as enterprise applications become realized.

Btw SBI is moving forward with XRP, which, whether you like or hate XRP, is a very positive flag for long term course. Financial institutions don't make these kinds of decisions without weighing long term prospect.

>>7321079
Listen all that bitcoin had going for it was speculation and most importantly trust. It's backed by nothing. The trust is damaged now. It's going to keep going down, and upward tick is a bear trap. Whats the floor? think of the price rhat most people wouldnt mind buying a bitcoin even if they had to wait for 3 years for it to get to 10k again or lose all funds invested That price is the floor.

>>7320481
>YOU ARE DOWN YOUR INVESTMENT, AREN'T YOU?

Nope, I still 4x up.

>>7322033
It also has the fact that BTC pairings for other currencies are tied on pretty much every exchange. If altcoins have a major breakthrough, BTC will realize gains as well, even if it is just being shuffled for altcoins. Personally, I moved most of my btc holdings to ETH at the beginning of January, as it is also widely used in pairings. BTC and altcoins are not 0-sum, despite what every newfag will tell you. I just personally believe blockstream gave BTC a death sentence. But BTC won't be dying in the immediate future. Maybe in a couple of years.

> Strongest hands shaken
You're a child in a man's world.

>>7320666
Capitulation is zero.

>>7321996
i have a strange feeling people will start panicking and FUDdding like mad overnight one of these days over bitfinex/tether

SELL SELL SELL SELL! SELL NOW! THE MEAN IS $0! CUT YOUR LOSSES! SELL NOW BEFORE YOU LOSE EVERYTHING!

>>7320481
>he hasn't cashed out AT LEAST his initial investment by now
I'm ready to ride this to 0 if need be

>>7320529
The Greed

>>7320578
>goes to 0
>goes back up, go x1000 from 0
>mfw that is still 0
>mfw no face

>>7322342
I see. You've made some good gains from cryptos. Do you think maybe you're sort of out of touch or clouded by hopes and dreams as opposed to whats realistic. Break it down to common sense and drives the masses to invest. Crypto have no intrinsic value. It's stated in every white paper and people are adviced to invest what they can bear losing. So that means you're warned upfront that it's a ponzi scheme and no one is to be held responsible for anything. And now that theres been a massive loss and burn do you think people would approach very cautiously? It's like the warnings we get for smoking cigarettes we ignore them because there's never been a mass death. Imagine if people were to start dying in mass from smoking cigarettes and what it would do to the tobacco industry? Great that is exactly where we are with cryptos. You're in a moment in history, take a deep breath and feel the moment

>>7320481
>fear
we are now at capitulation.

>>7320481
Yeah nah I'm short until BTC gets flipped cunt.

>>7322342
>Muh Blockstream
t.newfag

>>7321079
>200 day moving average
What about 300 day moving average? You realize there's always an average you're touching right? Just pick the right one and you're "safe"

>>7322804
Every financial advisor on the planet will tell you to only invest what you can afford to lose, no matter the investment. Stocks, commodities, real estate, everything. Mainstream FUD impacts crypto markets heavily at the moment mostly because applications have yet to be realized for the most part. Yes, I've been in the game a while, yes I've made a lot of money, I've also missed a lot of opportunities and made bad trades. I sold 10 BTC @$1,200. I don't think anything I've said here is unreasonable.

Also, currencies are required to incentive decentralized networks. Nobody is going to pay for the power and hardware to host nodes/mine/etc without incentive. The currency aspect of crypto will not go away for decentralized networks.

>>7322910
Is that capitulation?

>>7322824
3k capitulation, below 1k is despair. return to 1k mean.

>>7322910
No there isn't always an average we're touching. 300 day moving average is almost no variance from 200 day average. 200 days is plenty sufficienct as a range for average.

>>7320481

I'll go to zero before I sell

>>7321712
THAT’S HOW WINNIN’ IS DONE!

>>7323640

I put winnings from casino in crypto not missing out if lose it all

>>7321712
> burry my balls even deeper

that's not how it works

>>7321548
You could see the huge amount of newbies in early jan who bought at the top. It was obvious from their litecoin bag crying threads they had no idea what they were doing. I'm still up, though not as much as I was in jan but if I cashed out now it would still be a good profit for few months.

>>7324309
It's a figure of speech you retard

>>7320481
Nope, still hodling.
I invested just some money i dont need, i can hodl almost forever.

>not taking out your initial investment plus some during the peak

Come on nobody here is actually NEGATIVE right? I expect better from us

>>7324860
Same. You lose when you sell in the red. But if this thing is going down to 1-5k. You might as well sell. Write it off on taxes if you can. I'm not paying shit since I put in less than $500. Now at 200. Hodl and hope for a resurgence of crypto in a couple years.

Oh yeah? Im going to double my stack of LINK just out of bear-spite. See you in lamboland or at $0 fuckers