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/biz/ - Business & Finance

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8863879 No.8863879 [Reply] [Original]

Anyone buying BTC right now is seriously playing with fire. I just saw someone buy 88 bitcoin when it's at RSI 78 and is about $100 away from the top of the channel.

What an idiot hahaha

>> No.8863890

>>8863879
Especially with all those shorts around

>> No.8863901

>>8863879
"someone"

>> No.8863913
File: 511 KB, 1280x640, 1520365787805.jpg [View same] [iqdb] [saucenao] [google]
8863913

>>8863890
"pump up the shorts and make him think it's the bottom"

>> No.8863920

>>8863879
Not if they're long term investments.

>> No.8863923
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8863923

>implying shorts aren't getting rekt
>implying shorts still aren't at ath
>implying people arent closing shorts to fomo alts
>implying we arent going to short squeeze out of this triangle

sucks to be a brainlet huh

>> No.8863981

I sold my ETH swing trade at 420 this morning. Didn't like the look of the candles. Dump of some kind should be coming for both BTC and ETH but i'm not sure how much it'll drop. Both coins are looking kinda bullish this past week, lows bouncing off higher price points than previously. This keeps up for another week or two crypto may confirm a long term trend reversal.

>> No.8864000

>>8863923

Shorts getting rekt, are you serious? We've come down from $20k to $7k in 3 months...

Brainlet is a good word to throw around

>> No.8864027

>>8864000
>hurr the trend will continue forever
zoom in faggot

retards are shorting the bottom. have you seen every alt mooning? and your short losing money... must be feeling some fomo ;)

>> No.8864099

>>8864000

You realize those shorts getting fomo closed and liq'd will add jet fuel to the incoming pump, right? They create market buy orders when cancelled/liq'd

>> No.8864129

Btc and ETH rising because it is alt season.

>> No.8864136

>>8864027

We're going to $3k dude, it's a 100% retrace - that's what happens with a bubble fyi

>> No.8864160
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8864160

>>8864136
>going back to 3k is a 100% retrace

>> No.8864174

>>8864136
You might not be cut out for Crypto anon.

>> No.8864196

>>8864160

It's 100% from the most recent mania phase. You'd do well to look at a chart.

>> No.8864237

>>8864196
20k to 3k is an 85% retrace. But shorts are in a bubble of their own, so that's just not gonna happen (at least not until they're liquidated)

>> No.8864246

>>8864027
>alts
>moving 1-2% per day
>"mooning"

Top kek the delusion of these crypto faggots.

>> No.8864256

>>8864000
Short low, long high. Thanks/biz/ for that great financial tip!

>> No.8864264

>>8864237

Christ guys, the retrace percentage is relative to your starting point, which in this case IS NOT $0. The starting point is the start of the huge mania pump which began in August.

There are two scenarios, 3k or if people get really scared we might touch 1.8k.

This is not difficult.

>> No.8864280
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8864280

>>8864136
>he unironically believes this
>brainlet

>> No.8864287

>>8863879
>muh TA
lmfao

Pretend you wanted to buy 100,000 bitcoin

how many do you think you can buy in one day without totally fucking yourself over by raising the market price? for the rest of the coins you buy?

buying those last couple hundred coins to push the price up to a level where other people are compelled to dump it down will actually SAVE YOU MONEY compared to leaving the market in a stable range.

>> No.8864292
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8864292

>>8864196

>> No.8864310
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8864310

>>8864264
>absolute state
I hope you didnt take out a loan for this

>> No.8864317

>>8864246
look at this blind faggot. link went up 50% this week you dumb retard

>> No.8864348

Assumption which is extremely likely to be correct: You are all massively in the red and you can't see the fact that almost everyone who pumped the price up at the end of 2017 has forgotten about crypto now because they think it was a bubble.

The only people buying now are people who can control the price and idiots who can't. Institutional investors are only going to get in at the lowest possible price. They are not stupid enough to spend $7k per coin considering it's thousands of percent above what it should be.

If they are buying now, it's a short term trade to take money off the hodler morons.

>> No.8864361

>>8864310

How's your -85% hodl portfolio doing? hahhahaha

>> No.8864464

>>8864348
Don't be a faggot. You have no idea what's going to happen. I don't think 3k is out of the question but it certainly isn't extremely likely. I don't think it's even extremely likely we will see a daily candle close below 6k ever again. Also, you have no idea what the price of BTC "should be".

>> No.8864529
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8864529

>>8864317
>4000 sats to 5000 sats
>50%
I hold LINK but this is reddiculous. Go home.

>> No.8864563
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8864563

>>8864464

Of course, I don't know for sure, but given that it's clearly mega-bubblicious, there has been plenty of research to say where it's most likely to go.

This chart has been thrown out as FUD since crypto started falling in Jan. Still correct to this day though. I will be buying your coins off you at the bottom of despair :)

>> No.8864592
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8864592

>>8863879
>anyone still meme dreaming with "digital assets" is not really taking geopolitical/world economics seriously

The following bubbles have popped:

https://trends.google.com/trends/explore?date=all&q=bitcoin
https://trends.google.com/trends/explore?date=all&q=cryptocurrency
https://trends.google.com/trends/explore?date=all&q=blockchain
https://trends.google.com/trends/explore?date=all&q=coinbase
https://trends.google.com/trends/explore?date=all&q=bitfinex
https://trends.google.com/trends/explore?date=all&q=gdax
https://trends.google.com/trends/explore?date=all&q=ethereum
https://trends.google.com/trends/explore?date=all&q=binance
https://trends.google.com/trends/explore?date=all&q=coin%20telegraph
https://trends.google.com/trends/explore?date=all&q=coindesk
https://trends.google.com/trends/explore?date=all&q=ico

Time to invest in something that is highly undervalued and not even on anyone's radar yet. Be the trend...

https://trends.google.com/trends/explore?date=all&q=joobilation

20-Apr-2018

Be insured when the houses come tumbling down.

This is not a drill.