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25419354 No.25419354 [Reply] [Original]

Sold at 29.250 for correction

Wtf biz why is this happening this shit is way overbought

>> No.25419442

>>25419354
I live in the American Gardens Building on West 81st Street on the 11th Floor

>> No.25419496

Same, i'm fucking seething right now.

>> No.25419538

>>25419354
I think we forgot to factor the money printer going brrrrrrrrrrrrrr this entire year.
Even s2f could be off.

>> No.25419548

never sell

>> No.25419555

>>25419354
>>25419496
You brainlets sold your BTC? Idiots

>> No.25419572

>>25419354
>overbought
according to you? Kek

>> No.25419595

>>25419538
>tfw $288k is fud

>> No.25419604

>>25419354
>selling
>ever
Dont you understand? In the very near future you will sell your bitcoin in exchange for assets, not dollars.

>> No.25419606

>people actually sold their bitcoin at the start of a halving

Lmfao some financial institution bought them in seconds and you’re poor

>> No.25419608
File: 37 KB, 819x253, swing trade.jpg [View same] [iqdb] [saucenao] [google]
25419608

Lrn2swing fuckboi

>> No.25419696

>>25419354
In 2017 I held BTC. Then alts went up 20%. I lost 20% against BTC. no biggie, they will go down tomorrow when BTC goes up more. Next day alts do another 50%. Fuck.

My point is that even if you lose another 100% on BTC, its way riskier to miss the alt runs and a lot of people will be late to the party.

>> No.25419704

>>25419608
Nice job but swing trading is like Russian roulette.

>> No.25419707
File: 16 KB, 434x342, fucking normies.png [View same] [iqdb] [saucenao] [google]
25419707

>>25419572

who the fuck looks at this graph and goes "oh yeah great opportunity to buy"

fucking normies pricing me out with their fomo

>> No.25419744

>>25419707
Institutions who realize that Bitcoin is worth 500-600K today

>> No.25419767

>>25419354

Swingies get the rope

>> No.25419797

>>25419704
I used to feel that way too until i realized that it was just greed talking.
I take out profit (round down to nearest 100), and reapply a new order for position with the rest. If i miss out, i still made money and will just have to wait for a new obvious opportunity.
That's not to say i don't understand the risks. I've been near liq 3 times this year (which is why i started taking out profits of a wholesale), closest just 5 dollars from death.

>> No.25420200

>>25419707
If you think a single normie is buying at this price, you need to get your brain examined. The people buying at this price are rich, they are companies, they have projected a future price and can see how large it is.
Do your future self a favour and buy, buy now. Whatever you can afford, how little it may be. Do the same next month. Make yourself part of the wealth transfer.

>> No.25420318

>>25420200
companies do not YOLO into volatile assets at ATH just because.

it's obviously whale pump at resistances with normie fomo supporting it. maybe tether pump too idk.

>> No.25420338

You seriously thought that the market would turn as soon as you sold? How deluded are you?

>> No.25420388

>>25419604
But when to buy without wasting shekels?

>> No.25420403

>>25420338
it has been pumping without correction for weeks this makes no sense AAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.25420417

>>25420318
They can buy at ATH. they play the long game, they don't care about a 20% correction. They know they will 10x in the next 12-18 months.

>> No.25420501

>>25420200
>Do your future self a favour and buy, buy now. Whatever you can afford, how little it may be. Do the same next month. Make yourself part of the wealth transfer.

this type of cult faggotry is biggest sell signal known to man

unfortunately fomo might be so string that it carries up to 35k

>> No.25420538

>>25419354
It’s going to keep going up forever

>> No.25420622

>>25419354
when the bubble does burst it will probably go down less than half of the all-time-high , so you'll probably be able to buy back in and make some gains unless the all time high becomes around 50-60k and it only drops to 30k when the bubble bursts.

>> No.25420646

>>25419744
Jesus Christ you are a fucking idiot

>> No.25420685

>>25420200
It's a fucking weekend you moron. You think institutions are buying at ATH on a weekend? lmao I smell peak delusion and greed in this thread. The top is near

>> No.25420725

>>25419707
Same people who left LA and went and bought the absolute top of the real estate market in the early summer, only to gain another 10-20% in value since then.

Friendly Reminder: SAVING MONEY IS MUCH LESS IMPORTANT THAN AVOIDING MISTAKES.

>> No.25420790

Just bought $80k worth of ETH. Don't worry guys, the market will finally correct 30% at least now.

>> No.25420955

>>25420790
Why do you think there will be correction now? I just pulled off my 401k and threw everything into bitcoin.

>> No.25421324

>>25419354
no worry, shit will come crashing down soon and recover

>> No.25421367

>>25420200
lmaoo, he wants you to join his ponzi and then get his bags off

>> No.25421385
File: 7 KB, 251x225, sonic.jpg [View same] [iqdb] [saucenao] [google]
25421385

>>25419354
>trying to time the corrections during a bullrun
Enjoy buying back in for a loss

>> No.25421386
File: 258 KB, 1000x1000, Gourd_Tennessee-Spinning-Top_group-on-hay_CK_logo@2x.jpg [View same] [iqdb] [saucenao] [google]
25421386

You'd have to be out of your GOURDE to sell in this market.

>> No.25421425
File: 247 KB, 1408x661, bitcoinparabolic.png [View same] [iqdb] [saucenao] [google]
25421425

>>25419707
People who know how to zoom out

>> No.25421466

>>25420417
You don't think they'd wait until the fucking 20% correction to buy in? These are literally professional kikes

>> No.25421496

>>25420200
My sister is a potsmoking art hoe who dropped out of college which was paid off to serve coffee part-time in NYC while living off of welfare. She spends her time watching RuPaul's Drag Race and tweeting.

She purchased $20 of bitcoin at $28k according to my dad.

Yes, normies are buying.

>> No.25421564

>>25421466
Why do you retards think a 20% correction is guaranteed RIGHT NOW? It could go to 40k and then correct 20%. It could go to 60k and correct 20%. This is why they're whales and you're sitting here with your dick in your hand. You don't try to time a market as volatile as this. You buy and you wait.

>> No.25421634

>>25421496
I also heard a family friend say "Bitcoin stock is almost at $30k, it's up $150 today" last night. My uncle who buys silver was asking me about whether or not it was a ponzi scheme.

>> No.25421649

>>25421564
this

>> No.25421886

>>25419707
>who the fuck looks at this graph and goes "oh yeah great opportunity to buy"
>fucking normies pricing me out with their fomo
Its not normies its just tether going full retard.
https://twitter.com/search?q=from%3Awhale_alert%20minted%20at%20Tether%20Treasury&src=typed_query&f=live
Reminder that the date to deliver the documents to the NYAG is on the 15th of january and when they are unable to comply NYAG will send the case to the feds. Enjoy the dopamine rush while it lasts bullcücks

>> No.25421926

>>25421564
It is so tempting to sell anon, I have been here since 2017 and if I had sold the top back then instead of HODLing my main stack I would be rich today.

There must be a fucking correction right ? I mean it makes no sense how far overbought we are, RSI is insane, we are so far removed from the moving averages it is getting ridiculous. We didnt even retest the old ATH before mooning. Fucking crazy times man, I really just wanna sell but if it does a 10x from here I would probably kms.

>> No.25422485

>>25421926
Exactly my thoughts. 30k didn't even hold for a day.

>> No.25422513

Why would you sell bitcoin

>> No.25422537

>>25419354
don't sell idiots
keep it all in blockfi or celsius and just make passive returns instead of having to pay capital gains taxes

>> No.25422602

>>25419707

those arent normies you colossal dipshit

>> No.25422655

>>25420318

Grayscale did exactly this last month you fucking moron at the 19k ATH. Look at how that turned out for them.

>> No.25422796

>>25422537
So if I convert some BTC to USDT, that is considered a capital gains taxable trade?

Not trying to flip USDT for more USDT if it goes to 1.02 or anything like that. All I want to do is just swap BTC for USDT and keep USDT for when BTC (might) retrace. And I don't know if it means anything either if the Amount in BTC to USDT is <10k.

>> No.25422798

>>25421926
Use a stop loss you mongrel.

>> No.25422885
File: 516 KB, 960x960, thedistance.jpg [View same] [iqdb] [saucenao] [google]
25422885

>>25419354
it's been overbought since 14k.

>> No.25422945

>>25422655
>last month
>19k
>ATH
>ATH

what kind of heavy metal poisoning is your brain going through?

>> No.25422973

>>25422945
What are you talking about anon?

>> No.25423057

>>25422796
>So if I convert some BTC to USDT
if you convert btc into ANYTHING that's a taxable event
personally i don't even swap btc with wbtc because that would (by boomer logic) be taxable

>> No.25423131

>>25420646
you're going to be really upset when he's right

>> No.25423184

>>25421564
yep

>> No.25423259

>>25419744
>Bitcoin is worth
Bitcoin is worth nothing anyone who ever pay for it is a retard.

>> No.25423377

>>25423057
That is quite upsetting, actually. Have been hodling for a long time, so I really never fucked around with Tether or anything. Is there any way around this, or do I just let it ride and set up a stop loss? I'm fucking pissed now because I really would prefer to have something other than my own fiat parked and ready to re-buy into BTC (if) we have a slight correction. Also fuck the jews

>> No.25423398

>>25419555
checked

>> No.25423416

>>25423295
nah i'm going to actually use my money for real shit like houses and cars
don't fuck around too much. remember this is a public fucking ledger and they're getting better and better at chain analysis

>> No.25423468

>>25423377
>Have been hodling for a long time
i'd keep holding, or sell just enough to live on for a couple of years to get through the next bear market
but this is literally the new money anon, don't sell too much too soon

>> No.25423642

>>25423468
I won't, I'm just trying to get my head around these jew taxes before I pull the trigger in the future.

So they require PROFITS to be taxed? Not just 'every trade'? So if I bought .40 BTC in 2017 for 5100, and say right now I swap .15 BTC for 4,950 worth of USDT, will I get taxed on that?

>> No.25423720

>>25423642
Yes, every trade is taxable. Even when you swap BTC for ETH.

>> No.25423746

>>25423642
>So if I bought .40 BTC in 2017 for 5100, and say right now I swap .15 BTC for 4,950 worth of USDT, will I get taxed on that?
5100 for 0.4 BTC means you paid 1912 for 0.15 of that BTC. so that 0.15 you sell later on for 4950 means you made, in profit, 4950-1912 = 3038 in profits you made, so you owe capital gains tax on 3038 dollars

>> No.25423804

What chart are you looking at? Its actually doing really well from a technical standpoint

>> No.25423842

>>25423720
and
>>25423746
Thank you. I also might want to add in, embarrassingly, that as of right now I make less than 40k a year. If you google "capital gains tax right now" it will show a 0% tax rate for people earning <$40,000. Does that mean anything in regards to me?

>> No.25423891

>>25423842
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates

>> No.25423899
File: 162 KB, 374x363, 16091949032057.png [View same] [iqdb] [saucenao] [google]
25423899

Same. Sold most of my stack at 29.7 expecting it to crab around 30k for awhile. It seems like it always breaks out once it breaks the $10,000 barrier (see: 20k and now 30k) to find it's new price floor.
Want to buy back in because it seems like nothing can stop it but I'm feeling alot of negative schizo energy right now. Everybody is way to bullish and Pajeet /biz/ euphoria has topped.

>> No.25423997

>>25423899
>I'm feeling alot of negative schizo energy right now
same. this doesn't feel good. no one knows what's happening anymore.
>the ride never ends

>> No.25424036

>>25419354
Same, sold all my eth last night because I was expecting a huge correction once btc hit 30k

>> No.25424060

>>25422798
>setting stop loss so you sell your BTC on 1-3% spike and therefore you miss the pump.
kys

>> No.25424127

>>25423842
only sort of
i'm not a tax accountant so i can't say exactly
i forget the exact numbers, but if you make under X then the gains aren't taxed but above X the taxes apply
you might try and use something like turbotax to find out for your own specific case

>> No.25424320

>>25424127
You helped me a lot, thank you. I concluded that I am immune from any taxes if I convert any BTC to USDT. Only because I have held for 3+ years, and am a pleb who does not make over $40,000 a year (yet). Trying to get a Jr Dev role with React but niggers are not hiring because offices are closed and I don't have professional experience (yet).

Plus my BTC transaction would be <10k so IRS niggers probably would not give two fucks about it. But Jews do love money... I will derisk some BTC between 40k - 42k

>> No.25424463

>>25419354
everyone and there mother shorted at 29k... this is the "players" making a push up to get rid of faggots that shorted at 29k before blasting back down

>> No.25424559
File: 168 KB, 1439x897, Screenshot_2021-01-02_14-03-13.png [View same] [iqdb] [saucenao] [google]
25424559

>>25424463
Not true. Shorts have been at record lows.

>> No.25424591

>>25424320
good luck anon but always double check and make sure you wouldn't owe like 5,000 usd in taxes PLUS LATE FEES or some gay shit like that
if it's that much money buy the 80 dollar turbotax and put all your numbers into that to get an idea to know how much tax you'd might owe
it's not bad if you're keeping it in cash but if you spend it on something else and then do owe tax that'll be a shitty spot to be in (might have to sell more btc low to make up for it)

>> No.25424695

>>25424591
Good point, I'll definitely look into that. If I did sell though thank God I am smart enough to not buy stupid shit with the profits. I would just keep it in shitty USD / USDT.

>> No.25424823
File: 198 KB, 390x380, 1604800500029.gif [View same] [iqdb] [saucenao] [google]
25424823

>>25419707
Graph an exponential curve, you know y=x^2
Start by setting the limits at (0,0) and taking it to (10,100)
Now take it from (0,0) and (100,10000)
What do does the shape of the exponential look like in each one?
EXACTLY THE SAME
Try to catch that knife and stay poor

>> No.25424844

>>25419707
Yeah ok, normie

>> No.25424875

>>25419744
kek sure...
this parabola is only fueled by late-normies, smart money already bought low and are dumping savagely on dem normans

>> No.25424938
File: 16 KB, 281x349, 1336252262627.jpg [View same] [iqdb] [saucenao] [google]
25424938

>buy after it rockets past the 33k mark
>suddenly red candles everywhere
EVERY DAMN TIME

>> No.25425048

>you’re now getting flashbacks to Jan 2018 where everyone here thought it could only go higher.

>> No.25425180

>>25424695
yeah you should be alright if you don't yolo it into something illiquid and decreasing in value (like a car)
here's hoping we all make it, anon

>> No.25425197

>>25424823
>exponential
>x^2

are you retarded?

>> No.25425252
File: 309 KB, 850x1202, __aqua_kono_subarashii_sekai_ni_shukufuku_wo_drawn_by_noeru__sample-a052e9463fc3fe59c19a8fba7b415610.jpg [View same] [iqdb] [saucenao] [google]
25425252

>>25424938
>Buy33k
>have weak hands
You know what you need to do
>Panic when it dips
>Sell as it drops below 33k
>FOMO back in when it jumps to 35k
>Repeat
Stay poor

>> No.25425275

>>25425197
yeah x squared is an exponential
the exponent is "two"

>> No.25425403
File: 12 KB, 250x242, 447.gif [View same] [iqdb] [saucenao] [google]
25425403

Fucking eToro customer service sold all my BTC and transferred it to my bank 2 days ago when I was trying to transfer to my crypto wallet and I'm having to wait until it shows up in my bank before I can buy it back. Stay away from those kikes

>> No.25425452

>>25425048
In Jan 2018 it had just done a 20x from its previous ATH...

>> No.25425524

I wonder if I buy now, Mr. Bogdnaoff won't immediately press the button.

>> No.25425566
File: 85 KB, 302x312, 1607571699924.png [View same] [iqdb] [saucenao] [google]
25425566

>>25425403
>he buys his crypto on etoro

>> No.25425662

>>25419354
>selling before $3,000,000

>> No.25425679

>>25419354
securing profits early is much less painful than racing to the bottom when this shit inevtiably retraces 30%

>> No.25425730

imagine being left behind after waiting 3 years

>> No.25425854

>>25419608
>>25419704
With those timestamps, it's not so much swing trading as day trading. Swing trading implies you're holding a day to a few weeks.
You're not even holding an hour so you're doing day trading.
I have no idea if you know what you're doing, so I won't comment on whether you're going to win or lose. Good luck though.

>> No.25426001

>>25424823
What?

I'm sorry are you trying to sound scientific? What is your point? Lmao wtf did I just read.

>> No.25426069

>>25425679
This

>> No.25426133
File: 142 KB, 1828x898, D829F6C3-D5FF-4DB1-8864-FE42E49CCC2B.jpg [View same] [iqdb] [saucenao] [google]
25426133

you mean like it was for over a year from 2016 - December 2017? kek

>> No.25426191

>>25419707
The real normie is the midwit trying to swing in a bull market

>> No.25426205

>>25423899
cut your losses now or regret it when you buy back at moon levels

>> No.25426257

>>25426133
It has already reached and passed the peak RSI value of 2017. It has been overbought since 14k.

Which means it is even more overbought today than it was at 2017 ATH.

Does that sound healthy to you?

>> No.25426287

>>25426257
The dollar killed itself this year.
Biden winning means China won, its over.

>> No.25426315

so I should just go all in right? spend everything I have on bitcoin?

>> No.25426366

>>25420685
This

>> No.25426371

>>25425730
This is why I hate myself so much. I've been into bitcoin since 2012. I bought at $5, $10, etc, only to sell when it was nowhere near what it is now. I've gotta be the biggest missed opportunist retard out there.

>> No.25426427

>made $32k since holding it back when if was at $11k
All I want to do is take my wins and sell, fuck. This is good money

>> No.25426431

>>25426287
You want a store of value? Try gold.

TOPKEK if you actually think an asset like BTC, which pumps or dumps 50%-100% per year, is a store of value.

>> No.25426440

>>25426315
no. Imagine losing everything you have. Consider this a possibility. That what may happen if you go all in. Now imagine losing part of it, that won't kill you. That what you can go in with.

>> No.25426471

>>25426257
RSI is just an indicator. It doesn't mean jack shit when there are institutions and whales trying to buy up as much as they can.

>> No.25426515

>>25419354
>trying to swing your entire bitcoin position in a bullmarket
You really only have yourself to blame. >>25419707
Probably people who look at this chart
https://fred.stlouisfed.org/series/M1

>> No.25426554

>>25425679
30% is nothing.
>>25426257
RSI is not jesus and a high level doesn't mean it's overbought. It means the strength of the current trend is very strong. Hence the name of the indicator.

>> No.25426629

>>25419595
because it's going to go to 400k
then correct to 150k

>> No.25426634

>>25425403
>using etoro

>> No.25426672
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25426672

>>25426471
>Institutions

>> No.25426677

>>25426440
It would suck but ultimately I'd only feel regret of inaction from the past few years. I have been DCA buying the past week.

>> No.25426689

>>25419555
heckin checkd

>> No.25426716
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25426716

>>25421496
how did your family fall to such ruin anon

>> No.25426835

>>25426554
Anon price is also above;

Fair value line
Trend regression

It's not just RSI. It may go even to 50k before correction but it has been pumped for way too long.

On top of that we have delusional people, mass euphoria, normie flood, 15 Jan TETHER audit and SEC investigations.

Feels like a time bomb.

>> No.25426847

>>25426257
> My meme indicators indicate something different than I see in reality
> so I yell at reality that it is wrong
> do I sound healthy to you?

>> No.25426898

>>25421564
This. IIRC the next resistance line is at 40k
I have a buy order in at $27500 which is the last support level but who knows if we'll even go there again.

>> No.25426935

When you see biz get flooded with green wojaks and mass euphoria then it's time to sell

>> No.25426941

>>25426847
Meme indicator?

This is exactly the same situation with 2013 and 2017. What meme bro?

>> No.25426980

>>25426835
Do you get that it can crab and cool all of those miscellaneous indicators and give up barely any gain? I am not worried about this leg at all. Watch it staircase right up past $100k, all indicators overcooked for months, not a fuck given

>> No.25427008

>>25419354
Record low volume of coins on the exchanges. Increased sophistication of traders means dips more likely to get bought up. Trying to short bitcoin on the way up has always been risky biscuits, this time it's even harder. Brainlets on /biz/ thought hodling bitcoin was a meme for retards. Who's retarded now?

>> No.25427027
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25427027

>>25420200
>he thinks normies don’t buy the top

>> No.25427033

>>25426941
Yeah it is at the $2k-$4k price level. You can't even conceptualize the scale of a typical move also nice reddit spacing.

>> No.25427061

>>25425275
An exponential is when the variable is in the exponent, retard

>> No.25427069

>>25426980
It would have to crab for weeks for that to happen. You could consider that a consolidation.

It hasn't crabbed over 24 hrs since 24k breach.

>> No.25427133

>>25427033
>reddit spacing

kek

>> No.25427351

>>25426941
If you're claiming that we're following the exact same pattern as the previous two bullruns then this one should end right around $350-400k.

>> No.25427483

>>25427351
It already has reached the same pattern by % values on indicators.

>> No.25427551

Why tf is bitcoin price so high? It was at 10k when I was around /biz/.

>> No.25427635
File: 7 KB, 250x250, 1571855280202.jpg [View same] [iqdb] [saucenao] [google]
25427635

JAN 15TH

>> No.25427787

>>25427483
I don't think you understand how indicators work.

>> No.25427961

>>25427635
“Oh no it’ll dump and I can buy it cheap as dirt!!1”

Let’s assume tether is completely rigging the market and BTC crashes 80%. Do you think a stable coin won’t emerge (many already exist) that IS backed and that can prove that in court? At worst it will be a yucky couple years where you can accumulate more.

>> No.25428014

>>25423899
you are dumb, you cant time the market. be glad you sold. it will crash. when nobody knows

>> No.25428502

>>25425275
based retard

>> No.25428572

>>25427635
same here wagie bro, sucks to be us AAAAAAAAAAAAAA

>> No.25428855

>>25422537
You know that you have to pay capital gains on interest too, right?

>> No.25428902

>>25422945
Jewish fucking semantics. It never actually reached 20k in 2017 on most exchanges so he's right. Fuck off cunt

>> No.25429338

>>25419744
this guy gets. need to have a 8 year time horizon and 200k is fud.

>> No.25429539

>>25419797
I wanted to do the same but worry about turning my capital gains into income (20% versus 50% tax rate in leafland)

>> No.25429927
File: 19 KB, 300x577, tux_pepe.jpg [View same] [iqdb] [saucenao] [google]
25429927

>>25421425
dangerously based

>> No.25430016

>>25419555
Checked and based

>> No.25430766
File: 234 KB, 960x892, 7376B6E9-D968-47EA-A34B-4DEBD03919E4.jpg [View same] [iqdb] [saucenao] [google]
25430766

>>25421496
>art
My sister bought $20 worth of btc and another bunch of normies spent lunch money on btc that’s why it’s going up! They’re in guys and gonna crash it all with no survivors, kek stfu

>> No.25431061

>>25430766
>$20 worth of btc

why?

>> No.25431205

>>25419538
Yeah theres a chart on tradingview that factors that in, btcusd/m2 on that chart it only broke ath 3 days ago. Against Gold it only broke ath today. Its worth keeping an eye on different charts these days

>> No.25431261

>>25431205
post link pls

>> No.25431410

>>25431261
https://www.tradingview.com/symbols/spread/BITSTAMP:BTCUSD/FRED:M2*19108/

https://www.tradingview.com/symbols/spread/COINBASE:BTCUSD/OANDA:XAUUSD/

>> No.25431444

>>25431261
Just click on Full featured chart obvs

>> No.25431647

>>25426716
Divorce at a young age and my sister was groomed my LGBT pedophiles on tumblr at age 11. Thankfully, I'm the exact opposite and I'm the success story, although I guess I do lose points for continuing to visit this shithole
>>25430766
The entire point of gauging "normie money" is that when normies begin investing, it dumps. They exist to be dumped on because they're slaves. They aren't pumping the price, they're just handy indicators. But good job being a fucking retard

>> No.25431757

>>25420200
This time it's "different" lol

>> No.25432069

>>25431757
this but unironically