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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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10659683 No.10659683 [Reply] [Original]

You remember yesterday? the momentary free fall of alts, and 2% BTC dominance gain in a few hours?

That was a taste of capitulation. what you saw was panic.
Sell your fucking alts on the next chance you fools. anyone with a brain sold them weeks ago. you have a chance. dont be that retard who has been saying

>"well they already lost X%, they cant go down that much more"
Dont be the guy saying that every fucking week proven wrong.

>> No.10659764

putting on my short shorts today:))))

>> No.10659834
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10659834

>>10659764

Warning two:
a flood of people are selling alts to BTC. they are also all starting to margin trade for the first time as its the only way they can make gains right now.
all BTC trading communities have blown up in the past 6 weeks, especially. The sheer number of newbs has lead to communities of newbs telling each other what to do, and whales abusing this knowledge and stop hunting all day everywhere. the stop hunts are out of control since 4 weeks ago, in all my time trading BTC. I have reduced my trading from 5 trades a week to only one or two, and i am experienced.

Noobs will get fucked, and be depressed form losing money on alts then losing even more margin trading. this is the trigger for capitulation.
WARNING: If you are new to margin trading, DONT FUCKING BOTHER, or stuck to 3-5x leverage.

>> No.10660793

bump for plebs still at the denial phase

>> No.10660802
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10660802

Except for Link ;)

>> No.10660843

>>10660802

will go down with the tide. dont delude yourself. Its dollar value will plummet. its sats may stay the same but i doubt that very much.
absolutely no reason why link should be immune. it probably just wont have as much selling pressure, but shit changes and one large wallet holder from ico could decide to hedge their link