/biz/ - Business & Finance

[Anonymous No.51586798]

I'm only buying BTC once the 50 day MA crosses the 200 day MA, yes I know these are lagging indicators but I just want to be sure I'm buying at a nice price, it could go lower and the current macro environment isn't really good for risky assets.

Thoughts?

[Anonymous No.51586805]

BTC is for retards

Get XRP

[Anonymous No.51586815]

>>51586798
>I'm only buying BTC once the MEME line crosses the other MEME line

This is why you'll be bag holding for the next few years. NGMI

[Anonymous No.51586842]

>>51586798
Hes buying btc lmao

Retards ngmi anyways

[Anonymous No.51586948]

>>51586805
>>51586842
sorry sers, I don't care about your shitcoins
>>51586815
>bagholding
I'm waiting to buy retard

[Anonymous No.51586955]

>>51586805
Absolutely
>>51586815
positively
>>51586842
retarded
Shitcoins are like christmas trees
BTC is really the only thing that matters

[Anonymous No.51586964]

>>51586798
Females with suntan lines are all classless trash

[Anonymous No.51586981]

Why is it so hard for genes to make good faces
Pareto distribution is cruel
Look at that neanderthal brow ridge and chin
Hips are mandatory obviously because you CAN sacrifice good faces but you CANT sacrifice baby brain capacity

[Anonymous No.51587148]

>>51586955
>BTC is really the only thing that matters
This, I'm just waiting for a good time to reenter the market

[Anonymous No.51587179]

>>51586955
>>51586948
Ahahahhahahahaahah

Then yell me why im up 40% while your btc folio is shitting the bed

Ahahaahahhahahaha

Such delusion i have never seen in my life. Please stay poor faggots u dont deserve to make it

[Anonymous No.51587343]

bump

[Anonymous No.51587362]

>>51587343
Bump this you bitch ass faggot

Hahahhahaha

[Anonymous No.51587377]

>>51586798
>Massive wide chin
Yeah.. that'd a man.
Either that or she has a huge fucking clip that resembles a small dick
I'll pass

[Anonymous No.51587386]

>>51586805
buy (((xrupees))) goy, totally not a 100% premined shitcoin that is dumped by a private company on regular basis

[Anonymous No.51587401]

>>51587377
Wow fuck my phone
>that's
>*clit

[Anonymous No.51587453]

>>51586815
MA lines aren't meme lines that are arbitrarily drawn. They represent the direction prices are moving and serve as areas of both support and resistance.
>>51586798 is being smarter than most here by waiting to buy until BTC has broken the resistance at the 50 and 200 day MA and trending back up instead of mindlessly buying when he guesses that BTC must have bottomed.
Yes, OP. Waiting for a golden cross on the daily candles is a good play. You'll be much better off than the fuckheads throwing money into a downtrending asset.

[Anonymous No.51587520]

>>51587453
Thanks anon!
I'll stick with the plan then

[Anonymous No.51587675]

>>51587453
the historic pattern has always been to buy when it crosses into the other direction as that marks peak pessimistic sentiment

>>51586798
so you'd rather buy in higher because after that number only go up then buy in early for lower but having to endure a bit more downturn
just say you are scared anon

[Anonymous No.51587792]

>he doesnt use the 14 and 88 MA
never making it

[Anonymous No.51587962]

>>51587675
>the historic pattern has always been to buy when it crosses into the other direction
We're also in a uniquely bad historic pattern where the Weekly candles haven't opened or closed above the 200 week MA in over a month. I wouldn't buy any asset that looks like this. Not as a long term investment.
>so you'd rather buy in higher because after that number only go up then buy in early for lower but having to endure a bit more downturn
Bulls:
>BTC will go to 200k
Also bulls:
>I will be financially ruined if I buy BTC at 23500 instead of 20000.

[Anonymous No.51587981]

>>51586798
>those pants
>those shoes
do roasties really?

[Anonymous No.51588169]

>>51587962
>closed above the 200 week MA in over a month. I wouldn't buy any asset that looks like this. Not as a long term investment
actually thats the best moment to buy a long term investment

[Anonymous No.51588841]

>>51588169
It's the best time to buy if that asset is going to go back up soon enough and high enough to make tying up your money in it worthwhile.
The buy and hodl mentality leads people to believe that every asset will return to its ATH if they just wait long enough. It isn't so. It's the worst sort of gambling.
For my part, I see that BTC is in a downtrend on the daily, weekly, and monthly and has no real support above 10k. It could go as low as 7k before gradually reaching 30k in 2023 and then crabbing around that range for another year or so. It makes no sense for me to buy at 19k. BTC is staying below the 200 week MA specifically because nobody else wants to buy at that price either. That's why the rainbow chart had to add the "1 BTC = 1 BTC level". Nobody wants to buy even at fire sale prices. That should tell you something.
I will buy in below 10k. If it turns out I'm wrong and BTC jumps back up to 45k from here tomorrow and I get priced out, so be it. There are always more opportunities. But I'm not wasting time and money on failing assets.

[Anonymous No.51589138]

>>51588841
>i will pick the absolute bottom
>i am a long term investor
i really thought the kiddies were gone already
have you factored in fx risks in your calculations if you want to talk specifics

[Anonymous No.51589263]

>>51589138
I didn't say I'd pick the absolute bottom. I said that OP was smart to wait until there was a positive uptrend on the daily candles before buying. As expressed by a golden cross.
I don't think BTC will turn around into an uptrend until it's below 10k. If I see it sooner than that and more upside than I do now, I will buy.
Otherwise, I will buy something else. I don't see any virtue in bagholding.

[Anonymous No.51590316]

>>51586798
xrp is better

[Anonymous No.51590404]

>>51590316
XRP is forming a shooting star daily candle. It's going to reverse downward.

[Anonymous No.51590490]

>>51586798
Who is she?

[Anonymous No.51591112]

>>51587386
how are people doing these