/biz/ - Business & Finance

>free market
>still have to pay for things
pick one

I wanted to start a thread to share some tricks of the trade that I have picked up in my time trading crypto. Even though I hate you new-coiners and your weak hands. I want you to get better because better traders make everyone more successful.

1) not everything is a cup and handle. I see this shit in every thread "Hur DUR cup and handle forming" This is what dirty Indians say after watching a 30 minute video on YouTube. Ignore these Pajeets they are trying to dump their poo filled bags in your hands.

2)Learn the difference between organic and inorganic support and resistance. Look at the depth chart if the cliff is steep but not sheer that's organic. If it is sheer then flat sheer then flat that's in organic. If the sheer cliff is apporching doing' be a faggot. 85% of the time whale pulls up there wall after a few minutes. Which brings me to 3

3) Whales are the biggest FOMO's in the world. If their sell wall get's hit for even 10% they will pull it up. They need fully filled bags if they want to keep being whales.

4)biz is full to the brim of pajeets shilling shitcoins. Never take buy advice from biz. It literally costs 30 cents an hour to hire some street shitter in India or bucktooth South East Asian to shill on here. IGNORE the buy this coin advice. BUT biz does give good advice on when to SELL a coin. If the future of a coin is looking bleak you can bet anons on here will PMS about it. So to recap NEVER BUY BIZ SHIT, SELL BIZ SHIT.

Anyone else can add advice to this thread. And like I said normies I am glad you are here new money is the lifeblood of my gains. You might just make it.

>>5886826
oh myyyyy

http://kclr96fm.com/13-year-old-knocked-mooncoin/

It's a sign bros.

>>1876112
There's a place in the world for the currently existing cryptocurrency forms but as you said it certainly isn't in the mainstream. There are attempts such as Ethereum and Waves to break into wider markets and be a legitimate economic cornerstone, but what's more likely to happen is that goverments will simply copy any successful crypto practices rather than the cryptocurrency itself. Blockchain technology in and of itself is quite innovative and useful regardless of whether or not it's tied to a currency. That said, the cryptocurrencies that are not trying to become a part of a larger institution do not NEED to become a part of a larger institution. Indeed they must resist such a merger as it would invalidate their actual use in illicit markets. Their value comes from the demand for a proper medium of exhange on black, grey, and red markets so they have nothing to gain from trying to seek legitimacy. As for your comment about the government's ability to get around encryption measures; governments are not magic. They may find a vulnerability in the software but that same vulnerability can be patched. That dance continues on for time immemorial. And finally the main thing that you seem to be missing about the crypto phenomenon is that regardless of whether or not the rise in asset prices is a bubble, there is real potential for profit to those prudent enough to get in and out without letting their greed get the better of them, and if for nothing else is valuable to thr individual for that alone. Bitcoin is not a ponzi scheme simply because it doesn't follow the model and definition of a ponzi scheme. It may be some other type of scheme but ponzi it is not. In short there are many blind fools chasing after the spectre of greed but that doesn't invalidate the value of their chosen pursuit. It's just as foolish to write off the worth of a pursuit due to its popularity as it is to find value only in the popularity.