/biz/ - Business & Finance

[Anonymous No.7763920]

It's so fucking hard to make money on ALTs now that BTC is up.

Fucking old moldy cunt needs to die.

[Anonymous No.7763990]

>btc rises
>alts fall
>btc dumps
>alts dump even harder

[Anonymous No.7764048]

>>7763990
I know, I'm waiting for that fat chance but it's very unlikely.

Looks like the government are siding with crypto now and that'll just make BTC go up.

We need more fear mongering so the bitch will crash again.

[Anonymous No.7764116]

>>7763920
kek. first week in crypto? welcome newfag

[Anonymous No.7764215]

>>7764116
Made 6 figures last week on alts. Hi poorfag. :)

[Anonymous No.7764231]

>>7763920
Your rant makes grandpa's cock just harder

[Anonymous No.7764258]

>>7764215
tf are you crying about then bitch?

/sage

[Anonymous No.7764279]

>>7764258
I want more, obviously. 45% of that 6 figures go to tax.

[Anonymous No.7764281]

If BTC dies, your shitty alts will be worth 0, including ETH.

[Anonymous No.7764319]

>>7764215
how nigger?

[Anonymous No.7764336]

>>7763920
Newfag detected
Alt seasons are always short term, pumps way harder but also drops harder. Every shitcoin has been pumped at least %200 since december, just wait for the caputilation if you want to buy some alts(like 2k sat for link)

[Anonymous No.7764341]

>>7764281
>but muh hard flip!

[Anonymous No.7764436]

>>7763920
What's the problem, anon? The market is as volatile as ever. How are you not making money?

[Anonymous No.7764448]

>>7763920
its so hard to make money on alts because 99% of alts are objectively useless.

Take a look at what gives a cryptocurrency TRUE value. It would be
1. the size of the network
i.e how many people are mining it/ how many nodes the network has generated
2.Adoption
i.e how many exchanges offer bitcoin trading with fiat and pairing with alts

any other shiny bell or whistle used to excite people is worthless. Absolutely worthless. If you cannot see this then you will be left behind in 2018. Mark my words.

[Anonymous No.7764548]

>>7763920

Get rekd faggot, bow to the king you worthless shitcoiner

[Anonymous No.7764553]

>>7764436
I don't know how to game the uptrend. That's probably why I hate it.

I always lose on uptrends but I make a lot of money on downtrends seems like.

[Anonymous No.7764646]

>>7763920
Oh calm down newfag, alt cycle isn't too far off it was same shit in late Nov/Dec.

[Anonymous No.7765237]

>>7764553
There's no uptrend, yet.
You either play with btc-usd(as many traders focusing now)
Or ride the alt bleed wave

[Anonymous No.7765342]

Perfect time to accumulate

[Anonymous No.7765372]

>>7764646
Do alts always traditionally go up in q4?

[Anonymous No.7766515]

>>7764448
all that is bullshit but the market believes it

[Anonymous No.7766546]

>>7765372

they go up after btc rises, usually

[Anonymous No.7766655]

dammit

[Anonymous No.7766840]

>>7766655
Precisely why I don't use indicators.

[Anonymous No.7767075]

>>7763920

OP you're an idiot.

Altcoin USD is DIRECTLY tied to Bitcoin USD.

Even if an altcoin's BTC value drops you can still make money if BTCUSD is rising by holding.

Pic related.

[Anonymous No.7767123]

>>7763920
Never haha

[Anonymous No.7767143]

>>7766840
What the fuck else will you use, instinct?

[Anonymous No.7767163]

>not having any btc in your stack

[Anonymous No.7767186]

>>7767143
I wouldn't call it instinct but I just look at the chart. If I the dip is far enough down, I'll buy it. No meme lines or RSI or whatever. I tried using all that stuff and couldn't make it work.

[Anonymous No.7767308]

>>7767186
Isn't reading a "dip" technically using an indicator? It's a series of candlesticks that you use to compare past performance to wishy-washy future positions that could literally be anywhere despite trends.

[Anonymous No.7767357]

>>7763920
Dumbass doesn't understand arbitrage.

Haven't you figured out that BTC is the basis for ALL coins???

[Anonymous No.7767521]

>>7767357
you mean fiat

[Anonymous No.7767567]

>>7767308
I've always thought of "technical analysis" as using indicators like RSI, Bollinger Bands, Fibonacci retracement, and EMA that are some kind of derivative of the price/volume action rather than the action itself. When I say I don't use TA, I mean to say I only go on what is directly on the chart rather than a mathematically derived number based on the chart. Others may disagree and that's cool.
The reason I don't use meme lines is I have literally gone back a few days on a chart and drawn random lines then went forward and those lines fall on apparently specific pivot points just as good as moving averages and fib retracement does. That told me everything I needed to know and I've been much more successful at trading once I left that stuff behind. YMMV

[Anonymous No.7767594]

>>7763920
>btc is destroyed
>market implodes

>hey guys btc suckkks guys LOL XD

[Anonymous No.7767643]

>>7767594
if the market can onky survive on btc it deserves to die forever

[Anonymous No.7767759]

>>7764436
How do you trade? Can you give me a quick rundown?

[Anonymous No.7767804]

>>7764448
That is all false. Real value will only be determined by these factors:
Useful product that's ready
A token that actually has uses for said product
Adoption via partners (I guess you kinda got that one right)

Otherwise there is no value

[Anonymous No.7768068]

>>7767759
I've gone through it on here before so I'll just link you to one of my older posts:
>>/biz/thread/7701865#p7703910

[Anonymous No.7768115]

>>7764116

[Anonymous No.7768802]

>>7767804

That's why you go all in XRP.