/biz/ - Business & Finance

[Anonymous No.13932462]

Bitcoin is about to dump see yall at 7.7k. Thanks for the money bulls.

[Anonymous No.13932468]

>>13932462
hope your right bobo

[Anonymous No.13932479]

>>13932462
Hey I'm new to all this, how does BTC going down make you money? Do you mean because you're going to buy?

[Anonymous No.13932498]

>>13932479
its a psychological bait and switch, bears would cream themselves if btc was at an ATL so they could accumulate

[Anonymous No.13932545]

Been short since $5.5k because "muh $6k resistance." Re-bought at $6.4k with a tight trailing stop which triggered around $7k. Didn't have the balls to buy the dip after $8k. Fucking bogs. So what I did was buy in with 1/3 my fiat at $8700 when it starting pumping. I knew there was a 90% chance I would call the absolute top and trigger the sell off I've been waiting for. Bogs think they are fucking me but I have 2/3 my fiat left to buy in the $3k range when bitcoin double bottoms. I had to sacrifice 1/3 my stack to trigger the bear market though. Its worth it for the piece of mind if it continues to pump. Bitcoin will be $1-10 mil eventually, but it needs to double bottom and all shitcoins need to die first.

[Anonymous No.13932561]

>>13932479
I'm shorting Google that. Also I want to thank people like you who have bought and thought they just got a really great deal.

[Anonymous No.13932642]

>>13932479
You sell puts

[Anonymous No.13932828]

>>13932479
Don't know if you are larping but if the question is genuine you just short sell. The lower it gets, the higher the profit.

[Anonymous No.13932970]

>>13932828
I'm not larping... I genuinely don't know what short selling is

[Anonymous No.13933039]

>>13932462
nope you're trapped

[Anonymous No.13933251]

>>13932970
basically, if you short an asset at a price and it goes down then you make money. vice versa for long. Also, if it does the opposite you lose money.

[Anonymous No.13933295]

Kek Dropping to 7.7k and finding support there would actually lend support that we are in a bull market

[Anonymous No.13933321]

>>13933251
Why doesn’t everybody short obvious scams or failed businesses then? Sorry for newfaggotry don’t know where to learn this.

[Anonymous No.13933488]

>>13933321
Shorting/Longing is literally gambling. And you have to go to bitmex to do it. You can only short/long certain things bitmex will allow you to. Wish I could short this thread

[Anonymous No.13933510]

>>13933321
Because you still have to sell it to someone at the bottom. If no one is there to buy then you're stuck with a pile of dogshit and have nothing to do with it

Obviously, you're trolling. Probably a fucking billionaire knowing biz

[Anonymous No.13933539]

>>13933510
No i’m fresh off the boat brainlet, came to /biz/ because I wanted to know how and the fuck 4chan could have a business and Finance board and stuck around because you guys have some dank memes. This crypto stuff looks really fun but I don’t really know what i’m reading half the time.

[Anonymous No.13933568]

>>13933539
It truly is a great place to take advice on how to lose money.

[Anonymous No.13933573]

>>13933539
Alright well you'll learn after about 2 years of browsing
Or you could read some shit and figure out sooner

[Anonymous No.13933593]

Observe, bobo

[Anonymous No.13933594]

Sorry Bobo, good timing, wrong direction. Enjoy your liquidation.

[Anonymous No.13933596]

>>13933568
Poor Linkies got cucked hard.

>>13933573
Any tips on where to start reading? I don’t see myself going all in on this stuff, but a little fuck you money to make it a hobby could be fun.

[Anonymous No.13933725]

>>13933593
Yup I kinda expected bitcoin to break 8400 I put on my final short. Let's see if theres follow through. My stop loss is just below 8500

[Anonymous No.13934077]

>>13933596
Here's all you need to know as a crypto hobbyist.
Buy bitcoin or eth via coinbase when everyone is freaking out about how low it just went
Then hold it until it goes up, but actually cash it out once you've made a profit.
Or do the opposite of biz
dont think you can trade successfully - you will lose

[Anonymous No.13934089]

>>13934077
So like, right now?

[Anonymous No.13934132]

>>13933295
yesterday we went from 9k to 8k with a huge ass support down there, it was unironically a healthy correction to test, we will moon soon

if for some reason you guys haven't bought BTC yet, this is your last chance before reaching 10k and FOMO your way in

[Anonymous No.13934135]

>>13934089
you should have sold by now
if you buy now you chasing a pump

[Anonymous No.13934166]

>>13934135
Chasing a pump means latching onto a perceived uptrend too late and catching the dump instead?

[Anonymous No.13934211]

>>13934166
chasing a pump:
pump it to raise interest
keep it there
pull back to ((buy the dip))
now stupid money buy in (you)
short it
we made our money back 5x-50x
fundoes are saifu

[Anonymous No.13934248]

Welp these are my last few minutes things ain’t looking good.

[Anonymous No.13934254]

>>13934211
Sneaky business. I’ll keep lurking.

[Anonymous No.13934401]

>>13934089
Possibly. Im all in NANO myself and to me it's a hold long term. people still are split on whether we are in a bull market or bear. Buy in what you think will do good and see where it goes, it's all kinda gambling. lol

[Anonymous No.13935066]

I'm just going to bump this thread a bit just so I can talk shit or get laughed at.

[Anonymous No.13935098]

>>13935066
This, The /biz life.

[Anonymous No.13935228]

But Bobo, didn't you say BTC was going below 3k just a little while ago?
What is this new 7.7k number, I'm a bit confused?

[Anonymous No.13935529]

>>13932462
doesn't look like it it looks like it want's to attack $9k again.

[Anonymous No.13935677]

>>13934248

[Anonymous No.13935848]

Only cucks and homos unironically post bear images

[Anonymous No.13935908]

>>13935677
I'm still alive. The fees are about to roll in but I'm not going to exit my position till 7.7k.

[Anonymous No.13936298]

>>13932462
bobo about the get BTFO