/biz/ - Business & Finance

>>9652413
you tell me i think it's lower intellect

i know people waiting for certain points to buy back

"it's either going to go back to 4.5k or up to 9.1k and confirm a breakout. if it hits 9.1k i'll buy in anticipation for 20k"

that's when it goes up to 10k and comes back down to 7k, they sell at a loss and continue waiting for 4-5k lol

i don't get it but i have spoken to a handful in real life and to be fair, i don't think they give a fuck about the space at all, let alone have faith in it long term.

>>9652450

buying around resistances and supports is one thing, but selling after a 30% retrenchment for example? like they must have watched it dip further and further and then suddenly reacted after at the bottom.

if you miss the top range and dint sell what kind of brain rationalize sellinga t a loss.
I just dont understand how so many people consistently buy high and sell low.
in fact, in a telegram for an alt i saw many weeks ago, it retraced 10% and the guy who purchased the top said he sold, because he cant risk losing any more money and he will buy back in if it gets back up towards ATH to be safe. I dont even....

they know nothing about the underlying technology, and let the market determine the value of the coin. if the coin is tanking, then that must mean that the coin is bad. if it's going up, then it must be because its good.

>>9652450
same my normie friend was asking me about selling at these prices. I don't get it the market will recover, its just a matter of when but I guess thats how we make money and they Lose. They're impatient fucks with the memory of a goldfish

I kind of understand it. When you finally for the first time decide "well golly gee this bitcorn sure seems interesting and I have a spare $500, why the heck not?" you'll want to buy immediately, not wait a month.

>>9652489
>selling after a 30% retrenchment for example

There are many cases I wish I had sold after a 30% drop from a recent high. Because it continued ze daump much, much further, and maybe never recovered. Especially in altcoins.

>>9652504

thats one thing. but even on here, there are pathetic souls who consistently buy high and sell low in the market sicne they entered months ago.

Normies will flood back in at 20k BTC, even the ones who got burnt last time, and i can say that with conviction. its just how it works, but i fail to see their mindset.

>>9652413
kill yourself nigger

>>9652413
it's because they want to "see what's going to happen" before they commit. it "makes sense" to them

>>9652533

That isn't a stratergy though. its degenerate gambling. its hoping, and guessing. unless you literally have inside information.

you noticed the times it continued dumping, but you didn't notice the magnitute of times more it already bottomed or didnt dip much more.
I take profits at ATH, but if i miss the top, i dont go all degenerate and sell after 30% or some shit because its gambling by then. ehh

>>9652413
fomo obviously

>>9652413
I don't see it as embarrassing, it's people working with their logic and in some way it makes sense. When things go high, they could keep going higher and they're attractive, when they go low they could go lower and they're repulsive. It's really hard to to guess the attitude others have towards those things and be able to act accordingly.

I've bought and sold plenty of tops and bottoms. It isn't as good or hurts as much as it used to mostly because my bets aren't that big anymore. I call them about as well as I used to when I didn't think much about the movements, I've only complicated a lot how I work with them. I search for at least 5 to 1 setups and then let things go on until I allow myself to change the setup with some strict rules. Then whatever happens is good enough for me and I'm wrong really often.

Right now I see the BTC ranges tightening and monthly volatility dropping. From 20k to 6K to 11500 to 6500 to 10K to... 7K? Or lower, I think it's possible to make cases for bull flag or bear pennant, volume has been dropping for a while, but during a downtrend. Whenever something breaks in either direction it's probably going to be decently big so the ranges can increase again. If I am forced to choose I say we go lower but I don't think now it's time to buy or sell for me, I think it's time for me to not do anything that I could really regret later and braver people than me can choose where we go from here. If something happens that makes me change my mind completely tomorrow I don't care because it will go up or down but it will go to the right and I'm just glad I got involved at all.

>>9652413
I did it all for the memes (repeating)

It's probably people who don't trade too often (imagine someone holding BTC since 2012). They determine that after a certain point they want to sell and they don't care that much over a few percent.
Then there are people in underwater shorts/longs who are forced to sell at a certain price. The worst thing that can happen to a trader is when you have a short and you know that the price will drop, but right now the bull have pumped the market, so you need to close your position at a loss to avoid liquidation.

>>9653151

dont you feel like your emotions are getting the better of you and sabotaging? thats probably whats hindering you. you see mto understand how the market works at least.

the next crypto bubble is gonna be the smart contract bubble, literally everything in crypto can go on to the next level if there is middleware between legacy systems and all of crypto. there is so many possible use cases for it already and it opens up the floodgates for the trillions of dollars that are about to enter.

>>9652413
some peoples brains just work in a way you'll never be able to understand (for better and/or worse)

I run a small business and we frequently hire temp workers to do menial labour, shitty work that most people don't want to do. Now I get that this will attract, for the most part, lower intelligence people since they've ended up doing menial labour for pay, but even so I'm baffled at times where a guy will show up, seem clean cut, normal, talking like a regular human, doesn't appear to be on drugs or currently drunk or have any other debilitating problem, and I'll give him a simple instruction, not overwhelming, very basic/short, like "You need to pick this box up, and walk it over there, and stack it up on the pallet. You only stack them 4 boxes high. Understand?" they'll answer "yes! no problem, understand perfectly. 4 boxes high on the pallet over there!"

Then I check back half an hour later and not only are they not stacked 4 high, could be 3 high, or 6 high, but sometimes they're not even stacked on the correct pallets, and I had one guy just stack them on the floor. So I ask these guys "hey, you're not doing it right. I thought you understood what I said." and they'll respond with some bullshit like "oh! hahaha my bad, my bad! hahahaha oh boy that's embarrassing!" or some shit like that. The first time it happened I thought the guy was fucking with me but I've seen the same kinda shit so many times by different people that you'd just assume were normal, regular guys of "average" intelligence that I've given up all hope in trying to understand how their brains work and just accept this kind of idiocy. Plenty people here on /biz/ have brains that work in exactly the same way as these menial labourers.

>>9653594
I don't know what you mean exactly. Like there's something more efficient I could do all the time? Sure. But
> feel like your emotions
is an emotion, a feel, isn't it? I buy the top because I don't know when I buy it's going to be the top. When I believe things are moving upwards I like to buy, when I believe they're moving downwards I like to sell and sometimes I do nothing. Maybe it's a different brain thing, what
>>9653979
says sounds a lot like me. I could see myself as someone putting the boxes wrong and that being frustrating for someone that depended on me and then me laughing it off and the person that depended on me for the task trying to strangle me and then me looking at him like a confused retard. You should not rely on me if arranging your boxes in a certain way is really important to you. If I tell you what to do with the boxes and the pallets and you fuck it up then I may meme myself into feeling more responsible about where the boxes ended than what may look rational to you. Why I believe I really enjoy trading in the end is because I can do whatever I want to do with my boxes.

>>9652413
There are always people buying during bull markets and people selling during bear markets. Nobody knows when it'll change direction. The people who traded the wrong way just before it turned just got unlucky.

Yeah I don't get this either. People are scared for some reason of BTC going back to $1-2k. But that would be incredible. It would be a second chance for everyone who missed to last bull run to make it this time. Anyone who buys in now is going to pull insane returns eventually. Maybe not in a year if this is an extended bear, but in 2-3 years. And if the bear last longer and goes deeper that is better for buying in lower for even greater returns. Just takes longer.

Weak hands sink ships. Or something like that.

luck, insider info, bots, amazing/terrible trader skills

>>9652490
Yes, don't let market value affect your judgement for the project.
The only thing price affects is whether you should buy/sell.

>>9652413
how do i copy his look

>>9654758
>When I believe things are moving upwards I like to buy, when I believe they're moving downwards I like to sell

this puts you on the wrong side of the cycle. you end up there because you have not priced the meme yourself. this is difficult and is why most people just go with the flow. if you didn't have a reason before the mission commenced you are merely justifying the movements. it's not that this can't work out, just that you will always be lagging.

>>9654994
I don't know what to say, lagging and going with the flow is what I actively try to do but without trying, above trend I buy and below trend I sell. I've already bought and sold all I wanted for now, OP asked for an explanation and I tried to give mine but I'm not really looking for feedback about how to change the way I do things. Maybe when I said my bets aren't that big anymore something has been misunderstood, I mean in terms of total account size. I'm leaving the thread because like the other guy seemed to say, communicating with people that have a different mental process can be very exhausting and frustrating. I'm not trying to be insulting or anything, what you do could actually be much better, I just not interested in doing it.