Archived threads in /biz/ - Business & Finance - 4762. page

Part 2/3

Then you need a set of rules, e.g.:
- set stop-limits every! fucking! time! you buy into something
- dont buy at or near a new ATH (rarely goes well) - there WILL be a dip, even if it is only a small one
- never buy, because you "might miss something" - always have a valid reason (and no, "/biz/ said its gonna moon" is not a valid one)
- do your own research will help you to distinguish shills and opportunities
- never rely on single platforms alone - reddit, twitter, bitcoin forums, /biz/, blogs, news-sites etc. are very good as a whole, but normally kinda shity on their own (stay away from zerohedge tough - tinfoil alert)
- never focus on a single currency alone; diversify in at least 2 time horizons (1-7 days short term (ST); 2-4 weeks mid term (MT); 1-12 months long term (LT)) and reevaluate them accordingly
- never!!! daytrade with more than 5% of your funds per week/month, if you are not consistently in the greens with these 5%
- if you are in a ugly situation (like having >50% of your stuff beeing stuck in a coin) and NOT in dire need of money: HOLD YOU FUCKER! The market is exploding and the burst of the bubble is months if not years away, you will at least get your money back, if you did not buy useless coins on small platforms like yobit
- stay the fuck away from yobit - starters are fine with poloniex and bittrex

Part 3/3

IMPORTANT!
Stop-limit-orders are not a joke, they can literally save your ass! Set one at e.g. 95% of your entrance point/adjusted to the current price, when you are away from the computer or watching a movie etc. Yes, sometimes it is only a short bounce and you lose some money or profit, while the value goes bonkers afterwards - but most the time, it just prevents you from heavy losses or missing opportunities to sell your stuff at a good price, because you were sleeping/shitting/suffocating on a cheeto while wanking on your possible profits while selling on a ATH.

Now you could start to trade with e.g. an excel-sheet, where you insert the buy of a coin and a sale when you sold it. This is called "paper trading" and for just getting a feeling for it. Do this for some days, while you are learning the basics of analysis. Then start with small amounts - 10 dollar, maybe 50. If you are comfortable with that, pimp it up with stocking it up with the same amount per week or month. If you lose some, it wont hurt and if you gain some, it is a sense of achievement.

Which leds me to the last two advises, which are also the most important:
NEVER EVER trade with money which you cannot afford to lose. 100k DGB wont make the landlord happy, even if it might spike up again and get you dem delicious gains, which could lead to homelessness faster than you can imagine.
NEVER EVER lend money from relatives, friends, colleagues, banks, neighbours or the mafia just for trading cryptos. If you lose money, you not only put them in financial danger but also the relationship between you and them can get strained.
No money on the world is it worth to risk or even strain your relationship to a loved one. Especially when we talk about the mob, you are in for a world of hurts if you want to tell them that "THE COINS WILL BE WORTH MORE NEXT WEEK, I SWEAR!!!" when they come to collect their money.

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In 2-3 weeks, if you got some money out of my suggestions - maybe drop me a beer, if this post helped you:
1CQF625V4t7b8tCLcSbzK4rhmp3L6g1Kyq

Or even better: treat yourself for a new game from steam which you can enjoy.
Or take your dog to a walk in the park and get some icecream from your hard earned earnings.
Or how about going to the cinema for the movie you wanted to see for real, not pirated in bad quality on the internet.
There are many things out there to see - dont look at charts all day and dream about "lambos" or "moons". The small cash outs are what makes it worthwhile to do.

>>2459126
which exchange are they on and when do I short

>>2459126
https://www.youtube.com/watch?v=uMyCa35_mOg

Sing with me, /biz/!

>>2459186
How can you feel nostalgia for some thing you haven't experienced.

Lovely song. Thanks anon.

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>>2459057
Oh I can feel it

It would be nice to see it sustained above 3k sats.

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>>2459057

The crash might turn out to be good thing for coins like DGB and LITECOIN since they offer good alternative to BTC; I just hope that Jared can improve his presentation a bit.

just kill yourself fat bitch virgin no woman will ever want a sissy fag pussy with bitch tits who still sucks his moms tits for nigger coins ur a fucking loser just kys literally no girl will ever want you unless she can use you for your moms allowance ur a fucking fagget

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>>2459045

iktf, except no one gives me money

go listen to some jordan peterson videos and sort yourself out faggot

venture to the underworld, return a champion
slay your dragon and wear its scales as armor

>Alot of new money has come into crypto, alot of BIG money. They are taking profits, and all thr nuemale coiners are panicig selling alts and btc.

this

this shit got SLID

its way more important for the sills that all the doom and gloom SELL SELL SELL fud is on the front page

>>2459124
It's not even shills. Weak hands are just scared.

>>2458941
It works fine for me so fuck you

>>2458941
Who the fuck cares when you HODL.

>>2458941
it's borderline illegal in the EU

>>2458920
dip is over for now, price movements limited

should see green in a day

>>2458933
Honestly I'm tempted to buy more right now because it's so cheap. But 1st August scares me a little.

>>2458920
It's patterns in the market and it takes time to learn. DO NOT SELL. Also, don't listen to anyone here, they are literally shilling for themselves and their own gains, and you won't know what info to trust being new. You have to figure it out yourself.

People fail in the market because you have to do the exact opposite of what you think you should. Know why this happened to you? Because everyone was talking about how awesome crypto was and it was time to get in. This gave you, and thousands others, confidence. The price went skyhigh. Notice how everyone is freaking out now and selling? THIS is the time to buy. It's been like that throughout history. Take what happened to you and learn from it, and do not sell at a loss (in a bull market, ever).

Now is when you should be trying to find how low it is all going to go, and buy it. Ignore people panicking. It will still be hard to do, even after hearing this. It's why people fail.

When we get back to where we were three days ago and everyone was like omfg buy coin! To the moon! Get ready to sell.

Take profit and repeat.

i haven't stopped buying yet, keep it quiet

>>2458915
>draw random lines

wow you technical analysts sure aren't selling snake oil huh

>>2458915
You either need to rush, or wait another 6 hours. Looks like it's going back up to 2400s again. Then, fuck knows.

They thought people needed to buy eth to make a smart contact

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Somehow I am still ok with my 179.97% monthly return

BWAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

BAHAHAHAHA STUPID FAGGET VIRGINS THOUGHT YOU WERE WOLF OF WALL STREET THOUGHT YOU WERE GONNA HAVE LAMBOS AND HOOKERS TO CURE YOUR FAGGET VIRGINITIS BWAHAHAHAHAHAHAHA HOLY FUCK IM LITERALLY CRYING AT ALL OF YOUR STUPID MISFORTUNES HOPEFULLY YOU DIDNT LOSE TOO MUCH OF MWOMMY AND DWADDYS MONEY HASHAHDASHBDLAFDSAFNKSADF BUY SOEM MORE NIGGER AND MOON COINS THEY ARE ON A DIP GOGOGO BWAHAHAHAHAHAHAHAHAHAHA

Pics or it's not true.

>>2458954
Pics of what? Is it that hard to download Bitcoin Core from www.bitcoin.org and run it instead of holding your coins in a fucking exchange? Should have paid more attention faggot.

>>2458878
I want to buy, but cuckbase was the only fiat exchange allowed in my state. I'm registering with Gemini now. Fuck cuckbase.

>MOON
Buy/HODL. Bitcoin will recover imo, and this coin is still being actively developed. Dev added a new algo called lyra2m, so after this shitstorm stops, some gains will be made.

I'll start:


>BTC: Buy
>LTC: Hold
>ETH: Hold
>DBG: Buy
>STRAT: Buy
>RDD: BUY BUY BUY
>MOON: Sell
>SIA: Hold
>QRL: Buy
>CPC: Hold
>POT: Sell
>THC: Sell
>XST: Sell
>XMG: Hold

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>>2458866
>DGB
BUY LOTS NOW
>All others
THROW IN THE TRASH IMMEDIATELY

>>2458787
Yes.

2nd crypto bubble just burst. It's all down hill from here.

Prepare for the third bubble. 2020 will be the biggest crypto bubble yet and were in the perfect position to accumulate once everything hits rock bottom.

Crypto pumps in waves.

>>2458787
Yes.

People who sold are still FUDding to justify their decisions and they want to buy back in even lower.

Yes, the crash is over. Support at this bottom is looking extremely strong now for both BTC and ETH.

>>2458778
>Just fucking buy it.
just fucking buy high

lol the only coin in the green wtf

>>2458917
Yeah.
Buy it.

We can't buy if Coinbase is down moron

I just registered yesterday to buy and now it's down geez

>>2458784
>>2458823
Use mycelium

I'd Do lots of drugs and fuck hot chicks

>>2458930

You'll end up dying before you spend it all.

Degenerate.

>>2458725
Invest in real estate