[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 57 KB, 500x469, DEF1A7C6-9DBD-4C62-A10A-DAE8F18FA270.jpg [View same] [iqdb] [saucenao] [google]
24824403 No.24824403 [Reply] [Original]

>buy 1000 bitcoin at 18k
>sell it at 19.5k, immediately buy the dip at 18k
>wait until it climbs back to
19k
>do it all again
>make thousands off of doing nothing

Find a flaw with this strategy

>> No.24824480

Your 1000 bitcoins arent enough to move the market down dumbass

>> No.24824484
File: 44 KB, 497x370, idunno.jpg [View same] [iqdb] [saucenao] [google]
24824484

>>24824403
what, you're thinking about doing that?

>> No.24824515

Maybe one day, line go down

>> No.24824516

>>24824403
I don't have 1000 bitcoin, could you spare some?

>> No.24824529

It will eventually go down to sub 10k and you will lose what you made and more

>> No.24825563

>>24824403
Every gamble has flaws retard

>> No.24825614

>>24824403
>what are taxes

>> No.24825688

If you have 18 million dollars why would you need to gamble on Bitcoin

>> No.24825751

>>24824403
>fees. Can be mitigated somewhat by choosing certain exchanges
>taxes. No matter how hard you try, the IRS ALWAYS gets their share eventually, whether thats in legit taxes or in lawyers fees.
>volatility will burn you eventually, it always does, and at that volume a loss is gonna hurt.
>already having the buying power to have 1000 bitcoin. You already made it retard, just quit while you're ahead and live comfy.

>> No.24826743

>deposit 1000 btc to exchange
>account locked until you provide proof of funds documentation
>they don't accept your screenshots, demand live webcam selfie of you holding passport
>say your video looks suspicious and demand tax returns for last 10 years
>2 weeks later they say you are on a antiterrorism watch list and that your coins are locked indefinitely pending direction from the foreign assets administration
>you try to sue them but they are based in seychelles and you waived your rights to sue when clicking a checkbox when you created your account.
>price of bitcoin crashes and you are unable to sell
>you kill yourself

>> No.24827897

>>24824403
except it will go pass 19k and straight to 180k the next time