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/biz/ - Business & Finance


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28329329 No.28329329 [Reply] [Original]

I think I’ll speak for all 2017 fags that using your own euphoria to gauge the market is a foolish move. Back then on biz, we were all ecstatic and during the mania phase, 90% of us thought that it would just keep going up. I don’t believe that sentiment will ever be here on biz again unless we get 100% invaded by normalfags. But the ones that have been here for the last cycle know the market is hot as fuck right now. I’m still holding, but seriously, if your bags did a 10x over the next week would you really think the same as last time? Unless you’re a complete retard, the answer is no. I’m at the edge of my seat, and every % my portfolio gains from this point onwards just makes me more and more nervous. I am NOT going to hodl through another crash.

>> No.28329430
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28329430

it's different this time

>> No.28329803

>>28329329
THIS IS THE NEW NORMAL

>> No.28329970

>>28329329
the bullrun ends in autumn mr frog. stop worrying

>> No.28330270

hol up
when in doubt
tether up

>> No.28330281

>>28329329
The last run lasted about 4 months. This one has been going for 3 months. There might be a bit of steam left, but normies getting in is indubitably a signal that the top is neigh.

>> No.28330439

>>28329329
It will crash, but the idea of a BTC crash like 2017 is just absurd. Billions of new capital will be injected as soon as BTC dips more than 30% or so.

>> No.28330502
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28330502

>>28329329
any newfags here that can describe their emotional state lately? i'm an oldfag who can no longer feel positive emotions so i don't know when to sell

>> No.28330637

>>28329329
what is with all the noobs thinking they aren't noobs

>> No.28330838
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28330838

>>28330637
>t. Summerfag

>>28330502
Pic related

>> No.28331191
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28331191

>>28330502
Optimistic yet slightly scared. A lot feels too good to be true + me being a newfag can't tell when the crash is imminent or it's just a lil dip.

>> No.28331538

>>28330281
What do you mean 4 months, it literally lasted a full year lol.

>> No.28332689
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28332689

>>28329329
>I think I’ll speak for all 2017 fags that using your own euphoria to gauge the market is a foolish move. Back then on biz, we were all ecstatic and during the mania phase, 90% of us thought that it would just keep going up. I don’t believe that sentiment will ever be here on biz again unless we get 100% invaded by normalfags. But the ones that have been here for the last cycle know the market is hot as fuck right now. I’m still holding, but seriously, if your bags did a 10x over the next week would you really think the same as last time? Unless you’re a complete retard, the answer is no. I’m at the edge of my seat, and every % my portfolio gains from this point onwards just makes me more and more nervous. I am NOT going to hodl through another crash.

>> No.28333016

>>28330281
not to mention another stimulus bill and tax refunds around the corner.

>> No.28333288

>>28331538
During 2017 BTC went from 4.5K in October to 20k in December. In 2020/21 BTC went from 11k in October to 48k in February. It's due for a doomp.

>> No.28333578

>>28333288
your logic is retarded. what you're saying is we will hit 50k then go back to 40k then moon to 200k. but then you said its due for a dump...

>> No.28333648

>>28329329
This is weird indeed, i am making tons of money but i don't give a shit about "cashing out" because fiat is worse anyway.
Literally comfy as hell, i was even comfy when btc went to 4k in april last year ,very weird.

>> No.28333703

Keklol

>> No.28333794

I already sold everything except for LINK, AVAX and GRT. AVAX and GRT were both can't miss projects I was happy to get dumped on and I don't want to pay tax on my LINK ever.
The rest I have hedged in Tether. I'm quietly hoping for a crash soon.

>> No.28333851

I remember during the height of the last bullrun I would refresh biz and get an entirely new catalog every few seconds it was that saturated with normals

>> No.28333984

>>28333578
Shitcoins might do a x100, but BTC with a 800B market cap won't. It already did x4 during this run. Expecting it to do another x5 now putting it at a market cap of 4 trillion is unrealistic.

>> No.28334026

>>28330838
This shit is fucking paid for and not organic AT ALL.

Using it as a top indicator is utterly pointless.

Also it will be impossible to differ between mainstream adoption and top signals, obviously. If this shit is ever hitting mainstream then you cant use that as your top indicator. That only worked last time

>> No.28334059

>>28333288
Yea and 4.5k was 2 and abit x the previous ATH, just like 48k is now.

>> No.28334143

I always cash out from AVAX because it is clearly about to correct.
Then I get unbelievable FOMO when it reaches new ath.
Then I buy back in at the tiniest dip and five minutes later i already want to cash out again.
What is wrong with me.

>> No.28334209

>>28330838
summer of 2013, yea

>> No.28334248

Oldfag here. This feel like May/June of 2017. The crash happened in December when we went from midcap rising (now) to shitclown stage (i.e. every day there is are dozens of ICOs, and all you needed was a whitepaper).

>> No.28334268

>>28330502
Same. Feeling nothing helps with buying the bottom though. My strategy is simply waiting for the top and taking the -30% from there if needs be. If you sell early you can miss the last 5x or 10x.

>> No.28334338

>>28334143
You must enjoy paying taxes.

>> No.28334455

>>28329329
When do dividends get paid out on bitcoin frens? I bought this on Robinhood a few days ago and am confused

>> No.28334581

>>28333648
It's hard to gauge the true value of crypto right now because the price compared to fiat seems high on the chart but then again who wants to be bagholding fiat when its value keeps dropping every day and more and more is printed

>> No.28334687

so what do you do toward the end of this bull run, swap to BTC or what

>> No.28334807

It unironically is different this time but it's good to be aware and cognizant of your own euphoria.

Two big things that retail investor dipshits on /biz/ aren't factoring:

>billions of dollars from institutions is being invested into BTC, this will cause institutional FOMO
>massive amounts of additional confidence in the market now that most investors know that crypto has recovered from a crash before and will likely do so again

>> No.28334948

>>28334338
the world does not consist of your 'free country' idiot.

>> No.28334976

>>28334338
My shithole treats crypto as a fucking homemade craft item. It's only taxed when I cash out to local currency, if ever. Pretty based ngl.

>> No.28335015

>>28329329
Your bags are going 10x over the year, not over the fucking week, son.

>> No.28335102

>>28330281
What four months would those be? Sep-Dec '17?

>> No.28335146

>>28334948
unless you live in portugal or some shit you're gonna have to report your crypto gains anon/

>> No.28335187

>>28329329
imagine thinking normalfags didn't already invade during the gme and amc and nok fiasco. this can only go up from now from dumb money

>> No.28335377

Turned $1k into $40k since may, take that as you will.

>> No.28335805

>>28334268
That's my thought. Canvreally fuck your returns getting out just a few weeks early and miss the maddest part of the cycle.

>> No.28335991
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28335991

>>28329329
Elon fucked my shit up. Not sure anymore anon.

>> No.28336052

>>28335377
Based lucky retard

>> No.28336081

also - does anon buy and just hold alts until... well forever? legit question