/biz/ - Business & Finance

[Anonymous No.13704578]

>Saw the recent BTC upswing
>Wanted to get back in the game. This time with bigger numbers to see larger gains short term. >Some nigger sells 20k BTC and crashes the market 3 days later.
>Panic sell halfway through the downturn
What do anons? I can afford to lose it all but would be pretty pissed off and probably never crypto again. Looking to get back 10% loss so I can have a clear mind set in this again. Pretty jaded at the moment.

[Anonymous No.13704605]

>>13704578
>I can afford to lose it all
Then don't play. If you must play, buy SV and just hold.

[Anonymous No.13704609]

You're fucking pathetic. Never touch crypto again.

[Anonymous No.13704619]

>>13704578
not gonna make it with them weak hands

[Anonymous No.13704627]

>>13704609
I know, but in my defense tt was the shittiest timing ever

[Anonymous No.13704633]

>>13704619
Was I supposed to just watch it tank? I was thinking pull out, then put back in at the bottom

[Anonymous No.13704643]

>>13704578
You have much too short term of an outlook to make it unless you become better than 95% of traders. Basically you are a faggot who needs to learn delayed gratification. Think long term otherwise you are fish food.

[Anonymous No.13704688]

>>13704643
Thanks anon. You're right. Maybe I'll step back and if there is a massive drop I'll slide back in with a bit less and then and just chill for a bit

[Anonymous No.13704814]

>>13704578
It will hit 7000 a few times and pump yet again.

[Anonymous No.13704825]

>>13704814
Technically if I buy back in now I have more BTC just less USD value. I don't think it's a horrible move but apparently I'm retarded. Thoughts?

[Anonymous No.13704830]

>>13704688
Anon if you really can afford to lose that money buy bitcoin and wait until 2021. Learn the cycle.

[Anonymous No.13704850]

>>13704825
With these pumps you're bound to make good money. Depends on when you want to take it out. You can't watch the daily charts constantly. There is absolutely no reason for it to drop now, only go up for a bit. Of course, anything could happen so at your own risk and all. Depends in what you're doing with your money? Nothing? Then you're retarded for not investing.

[Anonymous No.13704882]

>>13704850
Ok. Yeah nothing. Was just sitting in a checking account so figured I'd get off my ass and try to make something happen with it.

I've been successful before with small amounts, but this really burned my ass, jumping in big and getting rekt three days later.

I still think withdrawing right as a massive crash was happening was a good move

[Anonymous No.13704939]

>>13704882
You got in after a pump. It has to go up in a healthy manner. You probably got lucky to get in this cheap even if it goes down a little. It looks a lot scarier than it really is.

[Anonymous No.13704970]

>>13704939
Definitely got in after a pump. I had minimal skin in the game, but was still watching the numbers.

Once it started to run away I figured dump a bunch in before it moons, worst case scenario I lose 20%+ and decide to back out.

Somewhat happy with my move. Like I said, I'm back in with the same or more satoshis, just down on the USD.

Thanks for inspiring confidence anon. No one else I know knows any of this shit hah

[Anonymous No.13704994]

>>13704850
>There is absolutely no reason for it to drop now, only go up for a bit.

Indicators say otherwise.

[Anonymous No.13705034]

>>13704578
Bruh are you me? I did the exact same thing. Sitting on the sidelines scratching my dick and feeling shitty.

If BTC is really going to 50k, and ETH is going to 3k, and alt's will pop, etc, etc, our anguish won't matter.

I bought back in at lower prices, but with less $, and trying to stop being an emotional bitch, this market is full of fuckery

[Anonymous No.13705047]

>>13705034
No not you. Not sure if that's possible.

[Anonymous No.13705055]

>>13704578
>i waited until it jumped up 3000 dollars to buy back in
We got a big brain here.

[Anonymous No.13705070]

>>13704578
>panic sell
literally anything but that. Did you invest your whole nut at once? This is a lesson in how to enter a volatile market-- if you have 10k to throw at crypto you just fucking buy 1k no matter what the price is. Then you wait a week or two, or until there's a major price movement in either direction. if it goes up, you buy a little bit less, like 500 or 750. If it goes down, you buy a bit more, like 1500 or 2000.

This doesn't sound like someone "getting back in the game" desu.

[Anonymous No.13705083]

>>13705055
I know, what got me was past trends show it goes up exponentially

[Anonymous No.13705101]

>>13705070
Got drunk and yolo'd the lot

[Anonymous No.13705102]

>>13704994
>indicators
No they don't.

[Anonymous No.13705103]

>>13705047
We gon be fine. Just don't sell in a massive panic-driven dumps...that dip was fishing for stoplosses from emotional fags like us.

I think the DCA strategy is best for me now. If this shit is really going to the moon, a 10% short term loss / lesson in fomo doesn't matter and there's still plenty of opportunities ahead. If the market takes another dump, i'll buy some more and sleep better. GL

[Anonymous No.13705117]

>>13705103
Thanks dawg ;)

[Anonymous No.13705166]

>>13704578
Never sell when it's dropping, never buy when it's rising.

The best advice for crypto, in my opinion:

Be greedy when others are fearful, be fearful when others are greedy.

[Anonymous No.13705177]

>>13705166
Good advice, but if you catch wind of a massive drop and sell asap then buy at the bottom...

Seems good not?

[Anonymous No.13705229]

>>13705177
No.
How do you know a drop is gonna be massive until after the fact?

And by the time you know the drop is massive, it's too late to sell.

[Anonymous No.13705262]

>>13705177
The drops often reverse very quickly. There's a decent chance you'll be selling at the absolute bottom, which is the worst decision you can make. Unless there's a good reason it's dropping, it's probably going to bounce back.

You don't know where the bottom is, but you do know that people are just panic selling and the price is probably going to bottom out lower than the price will be in another day or two.

If you don't intend to hold long term then you should be selling while it's rising, not when it's falling.

[Anonymous No.13705287]

What are some indicators that suggest a drop? I was lucky to buy low, sell high a few times. It was fucking sweet but mostly luck

[Anonymous No.13705318]

>>13705229
You see some nigger just sold 20k BTC? That's going to drop the price immediately by nature. Why not sell immediately and rebuy at the bottom?

[Anonymous No.13705326]

>>13705287
If a whale sells a huge amount after a bump?

[Anonymous No.13705354]

>>13705318
No.
That red candle immediately bounced by around $800, so you'd have effectively sold the bottom.

[Anonymous No.13705409]

>>13705354
Not sure what you mean by that but feel free to elaborate

[Anonymous No.13705431]

>>13705354
If you're talking those shitting hindsight bar graphs, I sold at top 20% of red candle and bought back in at near bottom.

[Anonymous No.13705443]

>>13705354
Line graphs are much more accurate you simplistic cunt

[Anonymous No.13705470]

>>13705431
> I sold at top 20% of red candle and bought back in at near bottom.
That's not what you said here >>13704578
>Panic sell halfway through the downturn

People are trying to teach you to trade, like >>13705166 but you seem intent on not listening. You're even aggressive about it, callinng people cunts.

How about you listen?
If you "panic bought" instead of panic sold the huge red candle, you'd be in profit right now.

>>13705166 already gave you the best advice for making money, but if you insist on not listening and calling people cunts, then feel free to lose all your money trading your way.

[Anonymous No.13705501]

>>13705470
First of all, you're correct and thank you for pointing that out.

>Tried to sell at top 20% but the exchange I'm using crashed during the panic and ended up selling at halfway down.

I am listening, that's why I'm still here discussing. I really do appreciate the advice.

[Anonymous No.13705583]

Thanks again anons.Calling it a night. I promise I listened!

[Anonymous No.13705594]

>>13704578
Forget about the short run, we might not see $8k again for many months, we might see it again next week, no one knows (except chinance)
Get in this shit for the long run, in the next few years we could hit $50-100k, or at least back to ATHs
Don't diddle around here getting 10% losses here and there when the price has the potential to 10X from here if you just hold
I recommend waiting until August to buy in proper, but DCA until then

[Anonymous No.13705615]

>>13705594
You're right, I ended up going in half stack now, and then gonna try to be smart about the other half - putting in on dips and dives as desus taught me.

[Anonymous No.13705716]

>>13705594
counter point : We could very well see $1-2,000 BTC. do not listen to anyone who says otherwise, or those who say "XXXX won't let it go that low"

it can. it has. it may again.

[Anonymous No.13705790]

>>13705716
Counter counter point:
If it goes that low you can just unironically take out a credit card or personal loan to buy BITCOIN for a few hundred dollars above it's 2013 ATH

[Anonymous No.13706266]

>>13704578
What the fuck happened? A couple of days ago BTC was at 8.4k and not barely hanging at 7k

[Anonymous No.13706298]

>>13705103
Nice pic

[Anonymous No.13706329]

>>13704578
Buy with no leverage. Move coins to a cold wallet. Don't look at the price for 6 months. Come back in November and admire your gains