/biz/ - Business & Finance

[Anonymous No.49562178]

There are people on this board who are still holding altcoins thinking the market has bottomed, holy shit, they must be fucking retarded, it just keeps dropping and all they do is cope that it will eventually go up meanwhile they just keep getting destroyed; are they even real? They must have some sort of mental illness. I mean who the fuck buys in a recession; no wonder why people complain about stupidity.

“just hodl bro” “Just wait for a 10x to recover bro” LMAO fucking retards

[Anonymous No.49562205]

i bought in to SOL when it was well over $200. Your solution for me is to do what now...sell when it's $35? I might as well let it go down to 0.

[Anonymous No.49562220]

>>49562178
>in a recession
You don't even know what a recession is.

[Anonymous No.49562234]

Just hold USD bro

[Anonymous No.49562236]

>>49562205
>losing 100% is better than having a little money to attempt a recovery with

[Anonymous No.49562262]

>>49562236
>this is what poor people believe

[Anonymous No.49562265]

>>49562205
Retard level logic

[Anonymous No.49562271]

>>49562178

you're a nigger

[Anonymous No.49562438]

>>49562205
Why? You will in one case you will receive something, in the other nothing

[Anonymous No.49562520]

>>49562205
you're being irrational
the money you lost is gone now
SOL is not a serious project. it's a vc scamcoin with unlocks
even if a relief pump helps you, it would be tied to the overall market. so you could swap for bitcoin right now and benefit from that same pump, except with more upside
i'm telling you this and i don't even like bitcoin. i'm an eth maxi
but it is what it is

[Anonymous No.49562593]

>>49562205
>i bought in to SOL when it was well over $200. Your solution for me is to do what now...sell when it's $35? I might as well let it go down to 0.
This is literally an extreme example of the sunk cost fallacy.

A lot of people here, probably many who weren't around at the last bear market, don't seem to realize that many of these alts are going straight to zero. Only Bitcoin, Ethereum and maybe Binance Coin and Crypto.com coin (since they're being depended on) are truly safe. Many alts, including top 10 coins completely collapsed and went to effective zero during the last bear market. That's the whole point of holding bitcoin or ethereum compared to alts that might go up faster but can also collapse as well.

You have to ask yourself, when your coin fell 30% or 40%, why didn't you just convert to stablecoin - hopefully one that doesn't fall apart - or at LEAST to a safe coin like bitcoin or ethereum. Now fuck knows what's going to happen.

[Anonymous No.49562615]

>>49562205
sell and buy back in

[Anonymous No.49562622]

>>49562205
>i bought in to SOL when it was well over $200. Your solution for me is to do what now...sell when it's $35? I might as well let it go down to 0.
This is literally an extreme example of the sunk cost fallacy.

A lot of people here, probably many who weren't around at the last bear market, don't seem to realize that many of these alts are going straight to zero. Only Bitcoin, Ethereum and maybe Binance Coin and Crypto.com coin (since they're being backed and depended on by multibillion dollar sites) are truly safe - and even they could halve or quarter from here. Many alts, including top 10 coins completely collapsed and went to effective zero during the last bear market. That's the whole point of holding bitcoin or ethereum compared to alts that might go up faster but can also collapse as well.

You have to ask yourself, when your coin fell 30% or 40%, why didn't you just convert to stablecoin - hopefully one that doesn't fall apart - or at LEAST to a safe coin like bitcoin or ethereum. Now fuck knows what's going to happen.

[Anonymous No.49562641]

Didn't read any of these posts, instead I read a fucking book because I'm not a nigger. Never selling.

[Anonymous No.49562671]

>>49562622
>You have to ask yourself, when your coin fell 30% or 40%, why didn't you just convert to stablecoin
i was DCAing

[Anonymous No.49562714]

>>49562641
You're not an investor then, you're just my exit liquidity. Thank you.

[Anonymous No.49562796]

>>49562671
DCAing is a meme, it's the most braindead way. If you're going to DCA, you may as well just pick random times to lodge large amounts of money. DCAing is also like a subscription scam where they try to get you to commit to spending a certain amount on a regular basis so they don't lose your attention.

Did you know George was still DCAing into Luna literally while it was collapsing and he could see it collapsing?! The irony of that, where he's supposed to be the expert giving the knowledge on when to buy or sell, and dcaing into a coin that was dying before his eyes. The logical conclusion of the situation is that he should still be DCAing into it today since that's what DCA is about - that you ignore all circumstances and just DCA bro.

[Anonymous No.49562942]

>>49562796
Before DCAing into anything you should first spend a large amount of time researching. Once you have found your high conviction investment, then you start DCAing since of course you don't know how will the price action behave in the short term, but since you have done your research and you have a high conviction that certain things will play out in the long term you start DCAing.

It's not just blindly chucking money into anything

[Anonymous No.49562980]

>>49562220
Technically it’s 2 consecutive quarters of negative GDP growth.
But it’s a retarded concept. For one thing, GDP includes government spending as part of the equation, and for another thing it doesn’t take currency devaluation into account.

So theoretically, you could have a hyper-inflation of the currency so that the government has to spend one quadrillion dollars to repair one bridge. The GDP would look amazing! The whole nation could be starving, but you wouldn’t be in a recession cuz muh gdp.

[Anonymous No.49563074]

>>49562205

Why not sell now and buy back in at 0?

HODL is just a meme that pump and dumpers invented to make sure you hold the bags

[Anonymous No.49563120]

>>49562622
>Only Bitcoin, Ethereum and maybe Binance Coin and Crypto.com coin (since they're being backed and depended on by multibillion dollar sites) are truly safe
>no mention of monero
>crypto.com
Kek, lol, lmao even.

[Anonymous No.49563179]

>>49562942
It is blindly chucking money into the dark when biz does it

[Anonymous No.49563214]

>>49562178
These retards are fucking dumb like the guy when luna dropped 96% from ath saying it can only 4% lower

[Anonymous No.49563245]

>>49562205
>SOL
Considering you're holding vaporware that has no chance of recovering next bullrun the best choice would be selling at a loss now.

[Anonymous No.49564475]

>>49562236
your ATH iq must be around 5