/biz/ - Business & Finance

[Anonymous No.3623386]

>have 100 dollars
>look at a few charts with one minute candles and the 1 hour moving average indicator turned on
>see chart dip below moving average
>buy $100 worth of the actual shitcoin
>set sell order at 1% above the price you got it at
>order gets filled within minutes
>do this 2 times
>gain 2% for the day
>put money into usdt
>go to sleep
>wake up and do the same thing again
>repeat for two years
>1.02^730 is 1897253.60
>189725360%
>one-hundred-and-eightynine-million-seven-hundred-and-twentyfive-thousand-three-hundred-sixty percent
>you are now the proud owner of almost two hundred million dollars

Why don't people do this? I'm starting today.

[Anonymous No.3623411]

Cuz that's not how it fucking works you absolute faggot

[Anonymous No.3623420]

>why don't people do this

-exchange fees eating up your small trades
-USDT is a scam and can go bust any day now
-doing this trade with 100 might work but it won't with 10,000 as you buy many orders
-one bad call could destroy all your gains
-literally going all in on every trade

>starting today. Kek, let us know how it went

[Anonymous No.3623426]

>>3623411
Yeah I fucked up the wording, I obviously mean to say that you put all your current money into the shitcoin.
Also when you start having a lot you divide it into smaller stacks.

[Anonymous No.3623429]

>>3623386
>>set sell order at 1% above the price you got it at
>>order gets filled within minutes

You're forgetting the fees associated with purchasing most coins. You're also failing to take into account the volatility and speed a coin can dip further.

[Anonymous No.3623441]

>>3623386
The absolute state of /biz/.
Good luck doing this with more than $10k, fucking brainlet.
brb buying/selling $1 million within minutes.

[Anonymous No.3623463]

>>3623429
Fees are like 0.0025 percent per trade mane
And don't be a retard and do proper analysis.
>>3623441
Just do it a few k at a time