[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 303 KB, 1600x1065, 3ae.jpg [View same] [iqdb] [saucenao] [google]
9277662 No.9277662 [Reply] [Original]

I'm trying low-key to get into crypto, and struggling with understanding basic things.

>Why and how is Ethereum and Bitcoin rising lately?

>> No.9277709

>>9277662
Becuase people think it will go up in the future, or people need it to purchase alt coins which they think will go up in the future. The whole market, aside from BAT, ETH, BTC is vapourware and pure speculation. It is an interesting meta-market, where price is determined by supposed growth rate. That is why it bubbled so hard. Everyone said, "Hell, ill buy this at any price, because tomorrow, it will be even more!"

>> No.9277732
File: 63 KB, 1024x576, 1505538905779.jpg [View same] [iqdb] [saucenao] [google]
9277732

>>9277662
I didn't ask for these feels.

>> No.9278476
File: 365 KB, 2464x1648, 1515992162429.jpg [View same] [iqdb] [saucenao] [google]
9278476

>>9277662
I've been here for eight years. How have I never seen that image before?

>> No.9278513

>>9277662
Speculation, 6k was a big support and it held, we went up and now people are starting to FOMO (fear of missing out) as they see the price go up and buy in to ride it.
How it is rising? Because more buyers are coming in than sellers. Supply/demand, but don't get tricked by this illusion, becuase there's no real supply/demand in BTC since everything is controlled by whales.

Crypto is the most riskiest shit you will ever get into because its all manipulated, but there are sick gains to be made because of it aswell.

>> No.9278535
File: 175 KB, 972x624, 98689338-8CD8-4231-AFD3-697C88D6500D.jpg [View same] [iqdb] [saucenao] [google]
9278535

>>9277662
Except hecwent on to Star in game of thrones as Arya Stark. The master swordsman.

Jokes on you OP

>> No.9278552

>>9277662
>big investors getting into crypto (george soros)
>nasdaq opening a crypto exchange
>coinbase alt coin speculation

those are just a few reasons

>> No.9278557

>>9278476
Face it you're a newfag

>> No.9278588
File: 2.78 MB, 338x252, 1346710779682.gif [View same] [iqdb] [saucenao] [google]
9278588

>tfw just had icecream

>> No.9278614

>>9278557
>newfags calling others newfags

Some things never change.

>> No.9278637

>>9278614
What do oldfags call newfags?

>> No.9278670

>>9278637
Nothing, all oldfags got V& years ago. These days, anyone claiming to be an oldfag is really CIA.

>> No.9278881
File: 26 KB, 450x450, terry-davis.jpg [View same] [iqdb] [saucenao] [google]
9278881

>>9278670

>> No.9278903

>>9277662
Kid looks like Glenn post-Lucille

>> No.9279048

>>9278476
In would say that you are the cancer that killed this place, but I'm almost certain that you got here well after things turned to shit.

>> No.9279075

>>9277662
uh he's probably getting judged now even in elementary school. He'll get over it. I knew a kid who was even more fucked up than him, and he was the nicest person and had a really good personality. The dude probably got laid sooner than me he was so sociable. Yeah, if there's a will there's a way.

>> No.9279414

Nocoinersrolling back in
Strap in bois

>> No.9279747

>>9279048
> calling another poster cancer
> from your phone
Fuck me with a rake I can't take this much irony

>> No.9279820

>>9277662
>be a cursed
>move to India
>become the guru
>weiner in Pajeeta
>poo in the streets

>> No.9279985
File: 285 KB, 1082x1406, 1519736453098.jpg [View same] [iqdb] [saucenao] [google]
9279985

>>9277662

everything depends on BTC dominance ... also in part ETH for Altcoins but mostly BTC

ETH might be declared a non security by monday if not its shitfucked and people will mass exodus the market likely BTC will surge

either way it should dump a little on Monday ... oddly that it didn't do so much earlier like now

btw. many saying the bear trend isn't over which is most prob correct ... but there's no real telling

make no mistake, you're not investing you're speculating

rec'd coins once the smoke has cleared:

ZRX, BTC, LTC, ETH... thats about it

get used to TA, tradingview and follow some faggots on twitter like this guy:

https://twitter.com/CarpeNoctom


... also the market is in the hands of a few, so if regulations go berserk on crypto (us) its shitfucked and likely dead - unless its a false flag to shake out even more ... hard to tell really


this shit is still small and the fed/helpers could shut it down any time, yes any time but more likely they're going to subvert it

>> No.9280173

>>9278513
tell me about the gains