Seriously, It's as if it's all rigged

[Anonymous No.9203161]

Sitting here, researching, reading, checking facts, playing DAPP games, investing in solid projects on exchanges. and nothing I do nets me profits.

More and more postings talks of P&D cabals, Crypto Mafias and what not. I look into mining and see that it costs a pretty penny to set up a decent rig to clear overhead and go green after paying electricity bill.

0x1D3C02cC09bd99ab0d18b3D51d23B013D0905ee0 sitting there with $0.25 in it and I'm at a loss for where to go next as far as crypto.

So my question to the folks in here who legitimately know their shit,
what advice can you give me to turn let's say 20 bucks into a couple hundred within 3 months?
I'm just frustrated af

[Anonymous No.9203176]

>>9203161
Faggot buy EXPERTY with your 20bucks and come back in 550 days when the app is out

[Anonymous No.9203186]

Bollinger Bands my dude

[Anonymous No.9203202]

>>9203176
What is EXPERTY?
come on Anon dickhead, don't just tell me the name of a product or coin and not give follow up information.

>>9203186
What is Bollinger Bands?

[Anonymous No.9203205]

>>9203161
just buy link and sit ur ass down, or icon or omg, just hold and wait...

[Anonymous No.9203207]

>>9203161
>this is you
hypothesis : Sitting here, researching, reading, checking facts, playing DAPP games, investing in solid projects on exchanges
results: nothing I do nets me profits
conclusion: it's all rigged

> this is anyone with a brain
hypothesis : Sitting here, researching, reading, checking facts, playing DAPP games, investing in solid projects on exchanges
results: nothing I do nets me profits
conclusion: my hypothesis has no utility i will try something else

[Anonymous No.9203224]

>>9203161
How about buy some knee pads and get sucking

[Anonymous No.9203228]

20$ post hand with timestamp to prove your not a pajeet and ill tell you how to turn lets say 200 into 400 in a month or a few weeks ..

[Anonymous No.9203235]

>>9203207
100% this

[Anonymous No.9203238]

>>9203205
So why Link?
Why Icon?
why OMG?

[Anonymous No.9203246]

20 fucking bucks. Jesus you are pathetic. Why don’t you get a job? Come back and ask when you have $500

[Anonymous No.9203258]

>>9203207
Thanks, I appreciate the psychoanalysis Dr.

>>9203224
I bet you put a sharpie in your pooper and took a pic, pillow biter

>>9203228
the fuck is me posting a hand with timestamp going to prove? lol the fuck?

>>9203235
100% on his dick much?

[Anonymous No.9203266]

>>9203246
Sorry my job isn't paying me 100k a year,
when I go in today I'll be sure to ask my boss about that massive raise. thanks for that suggestion

[Anonymous No.9203284]

>>9203161

[Anonymous No.9203298]

>>9203284

[Anonymous No.9203306]

10x in 3 months is pretty fucking optimistic. In any other financial market you'd get laughed at. In crypto it is possible if you make several correct calls.

[Anonymous No.9203310]

>>9203258
>opens thread, asks for advice
>when he gets what you can expect from 4chan all he does is ad-hominem every single post and go into full-defense mode
imagine being this much of a cuck

[Anonymous No.9203311]

>>9203306
That's what I want to learn how to do,
make the correct calls.

[Anonymous No.9203320]

>>9203310
I just began using 4chan in the last 4-5 months,
you users are a weird breed.
of course I'm in defense mode, I'm asking for advice and getting attacked.
lol the hell I'm suppose to say thank's for being called retarded and a fag?

[Anonymous No.9203324]

>>9203258
No timestamp no info pajeet. >Shoo shoo get out pajeet , off with you to the designated shitting street

[Anonymous No.9203327]

>>9203246
500 fucking bucks. Jesus you are pathetic. Why don't you get a job? Come back and ask when you have $12000

[Anonymous No.9203345]

>>9203327
lol

>>9203324
I hope someone shit on your doorstep

[reluctant kneepad girl No.9203349]

>>9203161
Why the duck you think playing dapp help you succeed???

[Anonymous No.9203357]

>>9203320
Be less of a defensive coping faggot and you might get advice.

[Anonymous No.9203369]

>>9203311
Okay then. I can think of a few ways. One, you wait for somebody to really start shilling a coin. The telltale signs are very low market cap and volume (makes it easier to pump), usually dozens of threads just appear out of nowhere over a few days. Then you have to bail before the pumpers do. The other way I could think of is looking for one of the, say, top 25 coins by volume and seeing if there's any major news on the horizon. The price will usually pump before news, and more often than not dump after.

[Anonymous No.9203379]

This is a real quality thread you've made OP. You should be real proud of yourself.

[Anonymous No.9203382]

>>9203161
>It's as if it's all rigged
why would you think it's not rigged?
it's not even a secret that the stock market is rigged despite regulations
you think crypto exchanges put themselves to a higher standard with free reign?

[Anonymous No.9203384]

>>9203357
This .. If I had to guess , hes also black .

[Anonymous No.9203390]

Just KYS if you don't have the fucking every required to do some research instead of blaming (((them))) and everyone else besides yourself you dweeb JUST DO IT STOP LEECHING STOP BEGGING JUST FUCKING DO IT

[Anonymous No.9203392]

seriously it sounds like you're spending a lot of time on this $20.. forget about the research and shitty games, get second job and bet it all blindly on tiny coins and hope one of them moons

[Anonymous No.9203450]

>>9203310
At least people used to discuss why something is shit or good. Nowadays it's just "Buy X nigger, DYOR because I didn't do it myself and just go on hype eg buying high selling low"

[Anonymous No.9203480]

>>9203450
yeah, this place is literally worthless now

[Anonymous No.9203514]

>>9203349
Honestly, I figured I could use DAPP games for a quick turn on profit. I see alot of others claim to be successful in it but I'm never successful.

>>9203357
Oh, so I should thank you for calling me a faggot then if I'm a nice faggot you'll give me advice?
lmao no thanks

>>9203369
After finding such coin, what signals am I looking for as to alert me it's time to sell?
(thanks for your response too)

>>9203379
Lmao

>>9203382
No, but I'd assumed that decentralization would prevent such issues.

>>9203384
Lmao because I asked for advice?
wow

>>9203390
Lmao, besides researching how else will I KMS?

>>9203392
Get a second job so I can be tired all the time?
lmao damn, things are looking bleek for me.

[Anonymous No.9203542]

>>9203514

[Anonymous No.9203547]

the fees to get 20$ into a coin cost more than 20$

[Anonymous No.9203550]

>>9203514
>No, but I'd assumed that decentralization would prevent such issues.
the exchanges advantage doesn't come from centralization
if anything the decentralization means they can (and probably are) make thousands of puppet accounts and dictate any price they want by buying from themselves

[Anonymous No.9203553]

>>9203514
Don't worry about all these retards here. They're new, and because there are A LOT of new people here, the new people think that they're the "cool edgy 4chan goys".
They'll either get bored or start producing real discussion or good meme content

[Anonymous No.9203566]

I earned a few hundreds the last few hours on the stockmarket alone.

this stock crashed badly last week for example. I bought it at 58.80 on Monday after the crash and it's now up 60.50 (+5.5%)

https://www.tradingview.com/symbols/EURONEXT-BESI/

[Anonymous No.9203569]

>>9203161
Loom is a good buy on binance at the moment I'm day trading and it's working out good so far

[Anonymous No.9203574]

>>9203553
Fuck off faggot. Tell you what OP post pic of hand with timestamp and we will give you advice . else DYOR and Fuck off becouse if the advice is worth anything they won't give it to a begging nig nog like you

[Anonymous No.9203584]

>>9203514
wow, you seem really pathetic.

[Anonymous No.9203620]

>>9203514
>lmao
this is pathetic af, no wonder you're losing money
you literally have to be a pathetic <100iQ piece of shit to lose money in this market. i started 5 months ago, just like you, and turned my 10k into 180k as of now. despite being that dumb you're in full defense mode, get real

[Anonymous No.9203623]

Im in high school and made 100k in crypto last week, git gud fags

[Anonymous No.9203626]

SERIOUS ADVICE SO LISTEN UP

First off, learn some TA. While it's not crazy effective, knowing your basic "head and shoulder" and "cup and handle" can make a nice difference in how you trade. Investopedia is your friend.

Use supercomputers and forums like this to see how things are predicted to go. Trust the computer over people usually. The services I use are:

Wallet investor
Trading view

In wallet investor, use the forecast option to see how things are predicted to go in the near future for a given coin.

Third, don't ever dump more than 50% in one coin, but keep a big chunk on blue chip coins for safety. Pick 2 or three you want to bet a lot on, that have a following and good product. A diversified portfolio is important. There's no right way to do things, but there are general guidelines. Mine looks like this:

40% blue chip (I like eth)
20% tron
15%link
and I'm aggressively ready to lose the other 25% gambling on small market cap coins not on binance. I'm working with about 120k, so I put 1k (about 1% of your stack) on anything that even looks remotely interesting, and check back in 6 months. The idea is that if 1 does a 20x all the others could fall 90%, I'd still make money. You have to cast a wide net to win, but have a backup in your bluechips. Never run out of bluechips so you can buy altcoins when the market bleeds. Make a cool 10% overnight that way with only a few trades.

Don't buy when things are mooning. I don't care what tards tell you here, don't. Usually, only buy stuff when its red. Do not FOMO. Accept that you missed it and look at other investments.

Last thing, have strong hands. If you buy something and it tanks, DO NOT SELL unless really bad press just hit and it's never going back up (like bitconnect). You wait until your investment is worth more than you paid for it before you let it go. Never sell for less than you bought. Just wait, that's why I have 50 different shit coins. That way I'm not stuck when shit flies.

Questions?

[Anonymous No.9203630]

>>9203566
and the good part is regarding stocks.. you don't have to play games, do all sorts of difficult reading.

all you have to do is use some common sense and you can earn a decent buck.

[Anonymous No.9203641]

>>9203258
theres no magic bullet to your problems, and its fair to say you're retarded op. Stick to wagecucking

[Anonymous No.9203642]

> get a minimum-wage side job
> work 1 hour a day (weekdays only)
> congratulations, in 3 months you have turned $0 into $480
or
> get a minimum-wage side job
> work 2 hours every saturday and sunday
> congratulations, in 3 months you have turned $0 into $384
also, look up "opportunity cost"

[Anonymous No.9203674]

>>9203161
>what advice can you give me to turn let's say 20 bucks into a couple hundred within 3 months?
If 10xing your money so quickly was that easy we would all be trillionaires.

[Anonymous No.9203719]

>>9203626
Cont.

Also, since minimum transactions are usually around 10 dollars, you need to get more money before focusing on this. Work for a week or two and put at the very least $500.

Warren Buffet said that you should invest like the market won't open for another 10 years.

And if you're interested in my background, I started with a $2,000 investment in early 2017 and haven't added anything to it.

Food for thought, if you had 100 in Raiblocks around the time I started, it'd be worth 33k right now. Some of my best investments have been PERL at the ICO, TRX at 27 satoshi, and XVG at 220, all before I knew they would be mainstream. I mean, PERL really isn't mainstream, but it made me a ton of money.

Ooh, one more tip, use stop-loss. If you have the time, chase the price up as something moons with stop-loss offers, keeping a decent margin under the price as so to not trigger the sell during normal staggering. When it corrects, you will profit. Then chase the pice downwards with a stop-limit the same way. Best way to maximize profits. Also, laddering your sells is an alternative to what I just mentioned that more people probably prefer.

[Anonymous No.9203762]

>>9203719
I can 100% guarantee he has no idea what the fuck your talking about . hes a normie remember , he doesnt understand difficult things . like stop loss. Or staggering prices. Thanks for the advice thought .ill test it out to see if I can do more then just my 2x every month and a half rate rn .

[Anonymous No.9203780]

>>9203553
I see,
thanks for the response anon.

>>9203569
What's the quick run down on Loom?
and thanks for the response anon

>>9203626
(not attempting to argue or debate with my following questions, they are legitimate)
>TA
I keep seeing conflicting takes on TA in relation to crypto. some folks claim it's working for them while other claim it doesn't work in crypto due to improper data from sites like Coinmarketcap and such. but I'll learn up on it, and thanks for the website suggestion.
>Wallet investor Trading view
Is Wallet Investor a paid service? and if so, what's the damage I'm looking at for subscribing? and I've heard of Trading view just haven't used it before, but I will look into now.
Also, how accurate has Wallet investor been for you?
>Don't dump more than 50%
That makes sense.
and I keep seeing people say Tron and Link,
is Tron and Link both pretty much guaranteed success coins?
Your percentage break down makes sense
>Don't buy when mooning,
lol, I've done that before - when I first began in crypto I was FOMOing alot, I learned my lessons from that.
>HODL
I understand.

Thank you alot anon! I really appreciate your advice and will follow up on all you've suggested and said.

>>9203630
I've never played the stock market, I got into crypto thinking it would be less of a learning curve to get a handle on, plus most brokerages require like a minimum of 10k to even open an account. but I'll look into stocks

>>9203642
I'll look up "opportunity cost"

>>9203674
Lol, fair enough.

[Anonymous No.9203786]

Go to earncrypto and get like $10 more

[Anonymous No.9203796]

>>9203719
I'll take that advice and save up before I execute any plans. and that's good work (the $2,000 in 2017) I want to get to that point where I'm playing with house money soon and have a solid ROI.

Are ICO's still a viable option for making some nice returns?

and what if I'm using a decentralized exchange and it doesn't have stop loss, how can I still apply the same methodology without the same tools (probably a stupid question)

>>9203762
I don't know all of what he's talking about but I'm willing to research and learn it.

[Anonymous No.9203805]

>>9203786
will check it out,
thanks anon!

[Anonymous No.9203825]

>>9203780
>I keep seeing conflicting takes on TA in relation to crypto.
I'm surprised the majority of opinion isn't positive about it. but only because of survivor-ship bias
the chance of any investment scheme working in the short term is about 50/50. the winners sing praises while the losers shut up.
same goes for 99% of the stuff you're going to learn here.

also I'm willing to bet the majority of posts on this board are shills paid to get more people to trade and more often. because the real money in any market isn't in making bets, it's in being the bookie.

[Anonymous No.9203846]

>>9203825
I can understand that,

and in some of the telegram groups I frequent, I hear some users say "Learn TA" and those posts are responded to with replies like "LMAO, TA is Shit! TA doesn't work!" or "Yea, TA only works in Stock" and I was thrown for a loop because some folks claim they can make 95-100% successful calls on their TA while other claim TA doesn't work for them.

and yea, I'm beginning to see that alot of posts here is shilling.

Thanks for the reply Anon!

[Anonymous No.9203851]

>>9203626
>Last thing, have strong hands. If you buy something and it tanks, DO NOT SELL unless really bad press just hit and it's never going back up (like bitconnect). You wait until your investment is worth more than you paid for it before you let it go. Never sell for less than you bought. Just wait, that's why I have 50 different shit coins. That way I'm not stuck when shit flies.

This is the best part of your post. If the fundamentals are good, wait. If the fundamentals are bad enough that you need to sell, you should never have bought. One thing to add is to find the most hated coins on the market, find out why they're hated, and, if it's an irrational hatred, buy. Then, wait a few weeks/months until the pink wojak 'why did /biz/ tell me to sell' threads come in.

Thanks anon for giving some good advice and confirming my own philosophy. Deep Value Investing by Guy Spier is also a very good book (though not sure how much of an application it has in crypto).

[Anonymous No.9203852]

OP is a lazy crybaby povertyfaggot

[Anonymous No.9203861]

>>9203161
Takes patience bro

Often times projects I invest in take wayyy longer to play out but the gains end up being much more

[Anonymous No.9203866]

>>9203780
that was 10 years ago. Nowadays the majority of online brokers don't have those requirements anymore.

My own online broker (degiro) has zero minimum.

[Anonymous No.9203874]

>>9203851
Will do!
Thanks Anon!

>>9203861
That's my biggest issue, impatience. but reading the legit responses in here, I'm seeing that patience is something I need to have
Thanks Anon!

[Anonymous No.9203877]

>>9203846
if your here for the money I'd just stay away entirely. it can be a fun hobby but you're essentially betting on the ponies.

[Anonymous No.9203881]

>>9203866
ok, I'll search around and see which one's have zero minimums.

[Anonymous No.9203889]

>>9203877
can you further explain?

[Anonymous No.9203921]

>>9203780

>>TA
TA is certainly not as effective in the cryptocurrency market. A lack of regulations allows people to manipulate coins with smaller market caps, as well as high volatility and no trade limits. TA works really well on the NASDAQ because people are limited in their impact. These patterns are recognized for a reason. Even if TA is only right 51% of time, that's enough certainty to systematically earn money.

Side note - check out boolinger bands. It's my favorite TA tool for highlighting over or undersold coins. Waller investor does them.

>>Walletinvestor.com is free. A testament to their accuracy, they predicted btc would fall once it hit 20k, and they predicted a floor around 6.5k all the way back in November. They are astonishingly good. One thing though, they are strictly TA. Things like updates and forks are not considered in their analysis. I'll attach an image.

>>I have so much Tron because I bought it super cheap many months ago and it exploded in value, becoming one of my biggest investments. It most likely won't have another run like it had, but a big update is right around the corner. I'd be hesitant to put money on it right now, although it appears to have more appreciation to come in the near future, which is why I'm doing the HODL. I just don't buy things when they're doing well. I try to get in before I know if it's even good. As far as link goes, same story big update coming, biz has been talking about link for a month and it's really a solid project. Do your own research though.

I'm glad my advice may be useful for you. I wish you luck on your trading journey. This is the path to truly living wage free. It just takes some practice and resources.

>>9203762
Meh, we all started somewhere. Gotta learn somehow, but hey, thanks for the compliment. If he doesn't know what I'm talking about, he can google.

[Anonymous No.9203944]

>>9203921
Thanks Anon!

[Anonymous No.9203963]

>>9203889
since crypto isn't a business and doesn't get it's money from non investors, any money you make is someone else's loss and vise versa
aside from what the exchanges make, money is mostly going from the unlucky to the lucky. while the average profit across everybody involved is basically zero

[Anonymous No.9203972]

>>9203320
>been here for 4-5 months
>reasearching and reading
>doesn’t even know what a stop loss or opportunity cost is.
Post hand.

[Anonymous No.9203985]

>>9203963
damn that sounds bleek. but I can see what you're saying and why it is that way.

Damn, honestly I want to end up making enough money where I can start my own business and get away from working for companies and corporations that don't care about me.

And to you and all the other Anon's who were sincere in their postings and helping point me in the right directions, from the bottom of my heart - I appreciate all the information, help and advice!

[Anonymous No.9203998]

>>9203161
its funny cause I do next to no research half an hour max per project that gets my attention and I'm making big gains day in day out.

sometimes I also buy into random coins I don't know shit about just because the chart has a massive dip. then I sell it 1 or 2 days later for +5%
Did you try to actually wait a few weeks before selling your position?

[Anonymous No.9204018]

Go throw your 20$ into Ocn aka oddessy protocol. It's just around .03 right now.
I bought 5900 coins at 0.00000176 and held since march 6th and it's done me good so far. up 52$ now. I put 110 into it at the time.
So while you wont be making mad bank off 20$ it's looking very strong to pump hard soon with everything the company is doing.

They also are working on intregrating the coin into the bikes in singapore using an app. Do your own research but it's looking damn good right now for this one. Barely shilled on here so get in before that crap starts up soon and all the people buying it up try to keep prices down and people try to keep everyone else out of it. I'm all in and will be getting another 5000 coins in a day or 3.

Not sure if it helps but it's the wont shut up about it coin in the twitter cryptocommunity right now tho that could be seen as a negative also so again do your own research and come to your own conclusions on this one

[Anonymous No.9204025]

>>9203985
yeah, crypto is basically another get rich quick scheme now. if it sounds too good to be true, it probably is

otherwise there are books like 'lean startup' and '4 hour work week' (mostly out dated), etc. that are more directly about escaping the rat race.

[Anonymous No.9204038]

>>9203161
OP is a faggot

[Anonymous No.9204104]

>>9203963
thats just not true at all. crypto is not a zero sum game. thats how bubbles come to exist (eg Person A is willing to sell for 5, Person B is willing to sell that same stack for 6, Person C is willing to sell that same stack for 7

[Anonymous No.9204130]

>>9204104
> crypto is not a zero sum game

explain how it isnt

[Anonymous No.9204177]

>>9203161
Look for airdrops, some anons said they made $3k by signing up for ONT's newsletter. Myself, I've made $1000+ on referral linking and $20 from SHIP's airdrop.

Look into altcoin communities offering bounties. They offer rewards for posting tweets, videos etc. https://bitcointalk.org/ is a good place to find news on these.

[Anonymous No.9204212]

>>9203874
i took extremly long time to hold

put in 50 dollars to reddcoin as a joke

i think i would have made 3k

but the thing is, i was so new to crypto i didnt know when to sell. so retarded me checked in later and it was all crashed.

So a tip is myfriend, atleast sell half and you wont regret yourself. it leaves room for potentinal for it peaking higher if you are a person like that.

[Anonymous No.9204285]

>>9203963
>>9204025
>>9204104
>>9204130
I want to weigh in a little here.

While cryptocurrency is now technically not acknowledged as currency by the US (where I live) government, it behaves like a currency. It is as valuable as the public says it is, therefore if all established investors stop trading for a moment, the determination of stock price depends on if new investors are willing to pay for the last sell price. THEREFORE, the value of assets can change without a directly coorelated change in the state of investors.

The price of a coin can go up without seeing that same amount spent to buy the coin. All that has to happen is two people agree on a trade at a certain number at a moment when no one else is trading, and suddenly all shares are valued at that amount for that moment. I hope that makes sense.

What I'm saying is assets can be worth more without more money going into the market. It is incorrect to say that crypto is a zero sum game especially because it can be spent directly on goods and services that are valued by the individual.

[Anonymous No.9204427]

>>9204285
>it behaves like a currency
>it can be spent directly on goods and services that are valued by the individual.
yeah, not really. the purpose of a currency is to be a medium of trade, but as long as the price is decided by speculative trade that's not what it's going to be used for.

>the determination of stock price depends on if new investors are willing to pay for the last sell price
stock prices are determined by the valuation of the company behind it. there is some range in value from risky bets the company is making, but it's generally not from speculating based on what other investors are paying.

also zero sum doesn't mean the market cap is at pre determined number. zero sum means the average profit across all participants is zero. which is true as long as people aren't giving money to coin holders out of their own pockets

[Anonymous No.9204465]

>>9203796
I forgot to answer the thing about ICOs. Sorry. Yeah, they're still viable. They're illegal in the US, so you have to use a VPN and tunnel your connection through a different country. It's actually super easy. Try tunnelbear if you aren't tech savvy.

Be ready to lose any money though. One thing some whales do is buy a ton of an ICO token and dump them as soon as they go live to make a marginal profit. It can destroy the price. Just be aware that it happens.

And never invest in lending ICOs. Don't mess with lending.

[Anonymous No.9204582]

>>9203327
500 is a good amount to start

[Anonymous No.9204627]

>>9204427
Your first argument is beside the point. I can buy dinner with btc, then that is me deciding how much I think I certain amount of btc is worth in steak. Whether or not it meets utility as currency, my argument was that individuals decide the value of a given trade and people buy stuff with btc.

On your second point, when I said stocks, I wasn't referring to IPO stocks, I meant cryptocurrency investments. My mistake for the flub. What I meant was, in an online market, price valuations change based on last sell.

I proport that the average income for investors in the cryptocurrency space is not ≈0 because, while price valuations do share a relationship with market capitalization, it is not linear. I'm open to arguments though.

[Anonymous No.9204628]

>>9203202

You are lazy and negative. You dont deserve to get help. Change your Mindset and you will change your life. Think and grow rich - Napoleon Hill

[Anonymous No.9204726]

>>9203161

[Anonymous No.9204845]

>>9204627
>Your first argument is beside the point.
just saying it doesn't behave like a currency, against your claim that it does.
>I wasn't referring to IPO stocks
I wasn't either, the secondary market still follows the company's valuation
>price valuations change based on last sell.
price and value are different things. if your trading based on price and not value your kind of playing a game of chicken with other speculators.
>I proport that the average income for investors in the cryptocurrency space is not ≈0 because, while price valuations do share a relationship with market capitalization
it has nothing to do with market cap. as long as outside money isn't involved people are just shuffling money around. if someone comes in a buys everybody's bitcoin for a trillion dollars then the market cap is a trillion, he's out that trillion, and everybody else takes it as profit. the average is still zero

[Anonymous No.9204846]

>>9203161
go get a job, you need at least 5-10k of capital before you can begin trading the large caps, and make 10-30% per trade. It'll only take you 72ish 10% trades to break 1 mil.

[Anonymous No.9204893]

>>9203320
P O O

[Anonymous No.9204997]

>>9203320
Kill yourself

[Anonymous No.9205173]

>>9204845

>>just saying it doesn't behave like a currency, against your claim that it does.
You can make any number of arguments to say it isn't like money that aren't related to my point, like that money is tangible, for instance. The only way I'm claiming they are related is in that they are only worth what people will pay for them.
>>I wasn't either, the secondary market still follows the company's valuation
That's not entirely true when it comes to cryptocurrency. There's an entire school of thought around TA trading. Some people don't even care what the acronyms stand for. They're just looking for patterns. In addition to that, some cryptos don't even have a company behind them, like BTC itself. That means the value of BTC isn't based on a company.
>>price and value are different things. if your trading based on price and not value your kind of playing a game of chicken with other speculators.
I wasn't talking about how I trade. In fact, I detailed my strategy earlier in this thread. What I'm describing is how the value of a coin in relation to the USD can go up more than the amount of money that has been spent on that coin. When you look at CMC or other charts, you can sometimes see candles that have insanely long wicks where price action stopped for a second and a trade occurred temporarily skewing the price of the coin by over 100%, making it, for that moment, worth way more than the amount of money that's been spent on the coin overall.

TBC...

[Anonymous No.9205197]

>>9205173 CONT
>>it has nothing to do with market cap. as long as outside money isn't involved people are just shuffling money around. if someone comes in a buys everybody's bitcoin for a trillion dollars then the market cap is a trillion, he's out that trillion, and everybody else takes it as profit. the average is still zero
I think this logic is flawed because you are describing a single transaction. If said guy spends a trillion on btc while it stands at 156Bil right now, there would be a 844Bil difference in current price and price paid. That means holders of btc wouldn't be up a Tril, they would be up 844BIL because of how much they already paid, not a Tril.

To summarize, our buyer would be out 1 Tril and our holders would be up 844 Bil meaning the average would be -166Bil.

This is by a large margin the most civilized conversation I've ever had on 4chan. But I have to go for now. I'll revisit later, and read the rest of this thread. I appreciate your demeanor in defending your point.

Peace.

[Anonymous No.9205202]

>>9203202
>What is bollinger bands
Yeah you are fucking lazy like the other guy said. Get your ass over to Investopedia and just read. Read everything you can about finance and find a system that works for you.

[Anonymous No.9205218]

>>9203320
>I just began using 4chan in the last 4-5 months,
This is bait. Go fucking kill yourself you annoying, lying, retarded fuck.

Lurk moar before you post this shit.

[Anonymous No.9205245]

Sdex worked for me!