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/biz/ - Business & Finance

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19661772 No.19661772 [Reply] [Original]

WHY IS THE MARKET CRASHING

>> No.19661801

We were just waiting for you to buy into the FOMO bro

>> No.19661823

>>19661772
Did you expect it to go up forever?

>> No.19661826

>>19661772
which market?

>> No.19661834
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19661834

>>19661772
You didn't sell yet?

>> No.19661883
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19661883

>>19661772
You're either long or fucking gone

>> No.19661919

Lol dumb money

>> No.19661947

>>19661919
>>19661883
>>19661834
BUT WHAT MADE IT CRASH

>>19661826
ALL OF THEM EXCEPT JEW NASDAQ

>> No.19661963
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19661963

>> No.19661995

>>19661947
>BUT WHAT MADE IT CRASH
That's just how the market works. It hit it's resistance point and instead of breaking through, went back down.
It will not go down until it hits it's support and then it will go back up again.
Unless ofcourse it breaks through the support. Then we are truly fucked.

Anybody with market knowledge at all isn't panicking right now. This is par for the course

>> No.19662022
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19662022

>>19661947
Who do you think?

>> No.19662036

>>19661995
It will now go down***

>> No.19662069
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19662069

>>19661772
Did you really believe me? Lol my gondolences.

>> No.19662102
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19662102

>>19661772

Tried to explain this to /biz/ on Tuesday. >>19601488 >>261990343 >>19638370 >>19638634 >>19596510 A number of sensible people took the advice; here is a sample of some other replies:

"ENOUGH OF THIS ZEROHEDGE BULLSHIT"

"This guy is a fear mongering fuck. You listen to him and peter schuff and you’ll stay poor. Just flow with the momentum and give zero fucks about being right or wrong just whatever makes you money."

"i heard this gold propaganda for 15 fucking years. you won't be right this time either by the way"

"The American economy has proven itself basically invincible. The S&P, RIGHT NOW, is probably at about ten percent of its true value. You guys dont seem to understand. The Treasury has basically admitted that because of American military hegemony they can essentially print money, there is still demand for $4T in US dollars around the world. The global reserve currency is stronger than anyone thought. The only reason the S&P isn't at $1000 is because people still dont believe it. It seems too good to be true."

"kek permabears have been calling for stonks to crash for decades now"

"Buy Hertz before it reaches 14 bucks next week this is last call, it's pumping furiously I hope I can get my longs in the morning before it gets too crazy"

"Hertz will recover, worst case scenario is a slow and painful death like most of this giants when they go super nova, they leak money slowly to death for years waiting for that magical CEO to find the solution. That's like the worst case scenario, all of this boomers are shaking in fear that's why their holding to their coffers like the faggots they're are, I can imagine Warren Buffett sitting in his living room hugging a bundle of cash while waiting for Corona chan to snuff him out"

Please try to learn a lesson from this. Get some exposure to gold now before it is too late.

>> No.19662137

>>19661772
liberals are pushing the meme flu again because the stock market had an amazing week and riots started quieting down.

it's all so tiresome... hopefully boomers take notice now that it's affecting their shekels

>> No.19662134

>>19661947
>BUT WHAT MADE IT CRASH
printer stopped going brrr

>> No.19662312

>>19661772
Bullbros got too cocky and thought you could actually just keep printing money just because the markets went up in the short term

>> No.19662387

>>19661772
Bear markets are like this. Enjoy the ride

>> No.19662437

If you think it’s not gonna bounce back even harder you don’t get it...

>> No.19662475

>>19661995
Exactly. Whether this was a dead cat bounce or not, it just shot up about 50 percent faster than any bounce in history. Dont get too cocky bobos. You could be right and we'll get another legitimate crash but this is just typical price action after a rally like we just saw.

>> No.19662505

>>19661772
Second wave because of BLM and stupid future signaling doctors.

>> No.19662507

Much like Buffet, I ain't buying this dip, discover the bottom on your own retards

>> No.19662527
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19662527

>>19661772
QE stopped and everything went down.

>> No.19662542

>>19661772
There's this pandemic thing going on I don't know if you heard about it

>> No.19662551

>>19662437
>lower highs
Oh sweet summer child

>> No.19662574

>>19661772
Reality check, retards. The US economy is fucked and printing trillions of USD only makes it worse.

>> No.19662575

>>19662507
If you start off any idea with "much like buffet" you need to shoot yourself. Doesn't even matter if the idea was valid or not.

>> No.19662580

>>19661995
>>19662475
>real world doesn't exist, it's just funny lines going boop boop
This is your brain on technical analysis

>> No.19662875

>>19661772
YOU PUMPED THE STONKS LIKE A SHITCOIN, NOW YOU’RE ABOUT TO LEARN HOW SHITCOINS DUMP

>> No.19662980

>>19662580
Its true though

>> No.19663098

>>19661772
>WHY IS THE MARKET CRASHING
Because Futures are red--- stonks go down---- btc follows

>> No.19663143

>>19661772
So I had recouped all my losses from the first crash and was looking ok. Should I go ahead and bail and take what profits I have left?

>> No.19663193

>>19661995
>Unless ofcourse it breaks through the support. Then we are truly fucked
please stop...the pain is unbearable

>> No.19663219

YESSSSSSS

>> No.19663234

lmao bought in yesterday. Of course.

>> No.19663288

>>19663234
This time next week it’ll be back to what it was

>> No.19663298

>>19663143
No, you were supposed to take profits on monday, buy back in at the end of the week and multiply your equity on profit.

>> No.19663322

>>19663298
So you're expecting a turnaround tomorrow?

>> No.19663545

>>19663322
Should have said next week. So it's too late to buy a little on this dip?

>> No.19663813

>>19662102
I'm new at this. Don't know nor ever cared to know about the stock market but the whole thing going up and up reeks of bullshit even if I'm ignorant about it. Considering the pandemic and all the bullshit going on in the world.

Tell me, how do I get the little money I have in gold?

>> No.19663823
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19663823

>>19663298
>swinger

>> No.19663876

>>19663322
I don't care. If it dips further I'll buy more.
I multiplied my equity holdings by 220%. I'm building a fund for retirement. Everyone should keep panic selling, make my average price point really good.

>> No.19663923

>>19662102
Why is this being spammed in every thread? I wonder what could be gained from spamming this.

>> No.19663927
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19663927

Guys don’t worry, look at this chart. First a crash, then a moonshot, it follows 2013 perfectly. Get ready

>> No.19664001
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19664001

>>19661823
Yes. I have folder full of screened I told you so's from last week ready to rub in face of arrogant retail joe cunts here once it's in frefall.

>> No.19664040

>>19662137
the coronavirus is real and dangerous u brainlet

>> No.19664068

>>19662475
so what? It doesnt count when it´s pure super manipulation on low volume

>> No.19664153

>>19663234
fucking idiot deserve it. It was obviously gonnna dump. dumb money......

>> No.19664156
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19664156

>>19662069
LMAO

>> No.19664248

Bitcoins get lost forever every day. In the end there will only be a few thousand bitcoins left in circulation. The volume/liquidity and amount of transactions will fall dramatically, reducing mining revenue, therefore reducing the cost to execute a 51% attack. Bitcoin will never succeed long term, because volume will become lower and lower by design lmao. Combine this with no block rewards and miners will undercut and selfish mine, security and hash rate will drop and the blockchain dies....Anyone with a little brain can see how this will turn out. Furthermore transaction fees will in the long term trend towards the market standard, which is close to 0. Bitcoin will also become more centralized

>> No.19664262

>>19663813

1) APMEX, SD Bullion, JM Bullion, Miles Franklin, SchiffGold, are examples of credible bullion dealers in the U. S. If you buy hold-in-hand physical, you will have to pay a premium of at least 4%. To make up for this, buy CGT-free coins--in your case, these are American Eagles. While the stock-market trader who makes a million dollars has to pay $200,000 to the government, you will keep everything you gain.

2) To avoid paying high premiums, get an account on GoldMoney or BullionVault.com, where the premium will only be 0.50%--the same as it is for buying cryptocurrency on Coinbase. On these websites, you can buy real bullion which is held offshore in countries like Switzerland and Singapore. When the government confiscated gold in 1933, offshore bullion was left untouched.

3) You can also buy gold and silver mining stocks on any stock-broker. The GDX, GDXJ, SIL, SILJ, are the best indices for this. The miners are leveraged ways to make money on precious metals. If metals go up, they go up far more, and vice versa. For reference, when silver went up from 1 dollar to 2.5 dollars, the average small-cap silver miner went up 150x (not 150%). $100,000 was turned into 15 million. In 2008, those who invested in First Majestic made 17x their money.

4) Do not buy SLV or GLD. These are paper ponzi schemes without the metals which are said to back them. To learn more about this, listen to some of the recent interviews on Arcadia Economics.

>>19663923

If it's spam, show me at least three other threads where I posted it.

>> No.19664275

>>19663876
So are you just not committing all of your cash in one swoop?

>> No.19664367

>>19664262
Highly appretiate the advice anon.

>> No.19664428
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19664428

>>19661772

Jerome didnt print enough

>> No.19664451
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19664451

>>19663927
tfk u talk about, we are not in the same situation as before, things have changed, bankruptcy is inevitable, soon

>> No.19664684

Because there are more sellers than buyers.

>> No.19665221

>>19664275
Why do that? I have a cash pool and automatic buys at certain price points as the line goes down.

>> No.19665318
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19665318

>why is the market crashing

>> No.19666140

>>19662580
Better than buying high, and hoping for an ath. Stay poor.

>>19664262

Some actual, good advice on /biz. Refreshing seeing a substantial post that doesnt shill shitcoins.
SIL might be going into oversold on the 4hr chart today or tomorrow. Good time to accumulate then sell the bounce.

>> No.19666207

>>19663927
Fuck this fractal gay ass nigger

>> No.19666964

>>19666140

Thank you. Silver is a little dangerous right now, since we might get another sell-off along with the general crash; but definitely something to keep one's eye on closely.

>> No.19667510

>>19661995
The orinch did it

>> No.19667766

I sold when I saw the post about a 10 year old telling his mom to buy stocks. Also the fortnite one. Also you fags were too ecstatic about it. That last one was an eye opener. It was obvious what was coming because of your posts. Thanks guys

>> No.19667869

>>19667766

This is the thread you're referring to: >>19637684

Tried to warn people there many times about what was going to happen.

>> No.19667915

>>19667869
Thanks bro

I must coinfess....I sold 14k Cardano for 100k VeChain today

You think I'll get burned? Seems like the next one on Coinbase

>> No.19667986

>>19667915
its a chinese scam. you got chinked. sell now and go all in 0xbtc before you are forced to repent

>> No.19668080

>>19667915
I got fucking burned on them before basically rode my investment to nothing. I'll never buy a chink coin again there's my advice

>> No.19668141

Lost 10% of the participants when faggot fed nigger lover said he was gonna start playing favorites. They’ll never come back

>> No.19668159

>>19667915

All crypto always seems to crash with the stock market. I'm not going to sell mine no matter how low it goes, because I have only 2% of my net-worth in crypto anyway, and I only hold it for the long-term (5 years) in case it becomes the next system of money. Make sure you get some exposure to gold as soon as possible, especially if it dips from a "sell-everything" situation with the next market-crash.

>> No.19668177

did they trip the breaker? I haven't seen a change in a while on the dow

>> No.19668189

>>19667986
>>19668080
Thanks for letting me know its a nice hold will dump on Coinbase and triple my ADA

Would've worried if you shilled vet

>> No.19668216

>>19664262
wait, eagles are CGT exempt? Some special law that exempts them? I bought a 1oz maple last week, fuck me.

>> No.19668241

>>19668159
I have zero precious metals. Never bought any because I get 3.2k each month till I die. I don't work.

Isn't silver better than gold??? And people only like American Eagles and shit right? Not 'junk' silver

>> No.19668315

I sold all my holdings today. I really hope the crash today isn't temporary. And I can buy everything back in a bit when it starts going up. I was up 47% since April. I also sold everything with the first corona crash.

>> No.19668335

>>19661772
Sorry anon, I decided to do some trading again a week ago.

>> No.19668387
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19668387

>>19662102
Kek the last 2 answers are mine, I am still holding 5 long calls that will expire tomorrow.

Who gives a fuck, this fucking FUD market can suck my dick, the only thing I regret it's not shorting it when I had the chance, I didn't thought the second wave "rumors' were going to start in Tuesday.

It'll be green now on over, I wouldn't be surprised if I cash my tickets on Hrtz tomorrow morning, bunch of stupid money.

Buy the dip don't listen to this fag

>> No.19668451
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19668451

>>19668315
BULL RUN CONFIRMED, HE SOLD

>> No.19668483

>>19661947
>rising corona infection rates

>> No.19668753

>>19668315
Thank you for your sacrifice, I will remember you tomorrow when I turn green again
RIP

>> No.19668814
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19668814

>>19668315

he sold?

Pump EET

>> No.19668858

>>19668753
Well I already have my profits in my pocket. I will buy back in when I feel comfortable to do so. Tomorrow might be green as a rebound but next week could be red. We'll see. But now my profits are secure. And I am glad with how much I have made for doing nothing.

>> No.19668864

>>19668216

I think that Maples, Britannias, would also be CGT-exempt even in America, but I don't know for certain.

>>19668241

Gold will definitely go up in value, because central banks consider it to be money. Silver is very likely to go up much more in value; but that isn't certain, and some people argue that it has now become industrial and not monetary. I don't agree with those people, and hold just as much silver as gold; but it's a point of view which ought to be considered.

>> No.19669478

>>19662137
lol meme flu... one of my least favorite aunts died from it.

>> No.19669939

>>19665318
I heard it's already being broken apart?

>> No.19669966

>>19661772
I'm so upset I was planning on buying SPY puts this morning and the stupid second wave crap really happened, I could've turned 18 dollars into 360.

>> No.19670002

>>19661772
>pandemic
>mass unemployment
>riots
>HURRRRRRRR DURRR WHY IS IT CRASHING
if it wasnt for degenerates gambling in derivatives, all of this garbage would be at 0 right now

>> No.19670205
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19670205

>>19662022
checked. he and his friends are salty trump controls the FED, so they are trying everything they can to prevent him
winning the election.
>coronavirus narrative fell apart
>initiate riots to distract brainlets
>riots fail
>initiate second wave narrative - caused by memorial day celebrations, not huge riots
>simultaneously dump stonks
>brainlets believe in the (((market cycle)))
trump controls the FED now and is over-leveraging it to eventually abolish it and return the US to sound money
https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html
https://www.reuters.com/article/swiss-trade-gold-idUSL8N2D8311
zoom out brainlets and look at geopolitics

>> No.19670682
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19670682

>>19663234
Same

>> No.19670815

>>19661772
I DON'T KNOW

>t. economist

>> No.19671350

>>19664156
BACK FROM THE DEAD BITCH

>> No.19671381

>>19669939
>ancom works guys
>2 days in has warlords beating the shit out of people for arbitrary laws

>> No.19671429

>>19665318
also /pol/ flooded it with homeless that shit everywhere and ate the food and left dirty needles everywhere.