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/biz/ - Business & Finance

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50201181 No.50201181 [Reply] [Original]

.... You see all these threads about people making it off their stacks. But if you think of DOGE like this guy was the only guy to make millions off it right? So obviously not everyone can be him.... When a shitcoin moons is it just that too many people pussy out on the way up?

>> No.50201210
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50201210

>>50201181

>> No.50201230
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50201230

>these are the people holding LUNC, unironically

>> No.50201240
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50201240

>>50201230
Yes

>> No.50201294
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50201294

>>50201230
Stfu

>> No.50203042

>>50201181
The problem is there's 1000's maybe even 100's of thousands of people who have 1 million+ LUNC. If or lets pretend it does hit $1. There's gonna be like a trillion dollar sell wall from everyone selling and maybe a trickle of money actually flowing in so only a fraction of those sell orders actually get in at $1 and then people start dropping their sell to beat the next guy and before you know it the price plummets back down and finally everyone realizes it's just a worthless chink token.

>> No.50203157
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50203157

It's simple, most people will FUD with minor gains.
Those that are actually diamond handed have sell ladders all the way up to $1. These bags are going to be bought by the Redditors that FOMO in from 0.1c onwards. They'll see that it uses to be $100+, do zero research and collect our bags all the way up to the top of around $4.
Get a sizeable stack, set sell limits all the way up to $3.50 and enjoy massive gains while Reddit falls for the same gag all over again

>> No.50203224

I just have a gut feeling on this one.

>> No.50203290

>>50203042
99.5% will sell before it reaches 1$

>> No.50203379

>>50203290
and the same problem occurs just not at $1. It just creates a huge sell wall after huge sell wall that has nothing to take it down

>> No.50203751

>>50203379
You’re forgetting the 1.2% burn tax you dingus. If it reaches 1$, that means the supply will be 10 billion ( or hopefully less if the decide to burn more ) so the lowest plausible price would be around 0.05$ .

>> No.50205080

You could just hold it through the sell offs?

>> No.50205395
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50205395

>>50201181
I know a guy who lives with his parents and works at a pizza place. Not a dedicated investor or anything. He almost made 10k from DOGE. I don't know how much he put in, but I doubt he put in much, and the only reason he didn't get 10k is because he thought he could get more. I bet tons of people made millions, but most were smart enough to keep it to themselves somewhat.

>> No.50205965

>he didnt buy 5 mill LUNC and prepare to sell each digit drop and save 1 mill from the cataclysmic sell wall at $1

>> No.50206039

>>50201181
That shitstain never made millions because he held doge all the way back down to .07 because he’s a diamond hands retard. Always take profits.

>> No.50206060

>>50206039
https://www.newsweek.com/dogecoin-millionaire-cryptocurrency-price-crash-bitcoin-1717417