/biz/ - Business & Finance

>>21241266
2017 was the year of the gay

it looked like this in august fool. then moondicked harder than anything anyone had ever seen.

>>21241266
thanks. any other protips?

>>21241478
Sure. if you hit a 10x or 5x like pic related, just cash out a portion like 60% or so. Let the rest fly in case of further mooning. At that point you literally have nothing to worry about.

>>21241266
2016fag here, if your chart looks like this you should probably sell, congrats on the win.

>>21241652
what's the best strategy on maxing gainz? how do i pick the coins? how many coins should i be in? and is defi going to lead this bullrun?

>>21241774
>tell me how to predict the future
die newfag

>>21241266
>zoom in

Losing out on gains is worse than bagholding a dump

>>21242042
Ah yes, the DBC strategy.

>>21242255
you should go back to website, norman

>>21242042
Sometimes you baghold a dump on that logic and it never comes back. You're just left bagholding while 98% of your gains evaporate and eventually the devs fuck off because they already made it and don't really need to work on it anymore.

People know it's coming down, right? It's a pump from newfags flooding in but has no further buy support to deviate from the mean. Even people who sold ETH at $100 because it went way above the mean were eventually able to buy back in for lower than their buy-in.

>>21241266
I'd agree if we were talking your typical shitcoin. But I trust fundamental analysis over technical analysis any day, especially long-term. I haven't FOMO'd any in a long time so even a steep drop isn't something I'm losing sleep over

>>21242407
what do you anticipate it going down to?

>>21242335
>You're just left bagholding while 98% of your gains evaporate and eventually the devs fuck off because they already made it and don't really need to work on it anymore.
Many such cases, sad.

>>21242407
>were eventually able to buy back in for lower than their buy-in.
But did they? Most didn't.

TA isn't important on link in the long run

Its not geared for some retail investors with 400 rupees

Its geared for big business with billions. Only the fundamentals matter. If it dips down to 20 cents again I don't give a FUCK I am never selling you fucking kike in fact even if link is a fucking scam and it drops to 0 I'll buy more I'll buy all the bags and rope so no kike can get a single stinky link

>>21242335
Bro sergey literally wears the same shirt every fucking day. You think he cares about the money?

>>21242255
Guess it matters if you're in a chink buzzword scam at the peak of normie bliss vs a decent project that's almost certainly going to go higher after a pullback

>>21243059
It's going down to the mean - the green line that nothing has ever long-term deviated from. That might be $9 if it dumps hard, $10 if it dumps slow. LINK is currently in a bubble, and will be worth these prices in a few months, but definitely not now, when it's just cheap money and hopium.

>>21241266
I bought Kleros in January. A 10k investment went from that to 40k to 9k to 130k (today) to 112k as of right now. I don’t even know what to do. The chart looks ridiculous. It has to correct. And hard. But does it, really? I wasn’t planning on selling any before a Coinbase listing. I also bought ETH at $13 and have been holding ever since. One would think I’d learn to take profits by now. Fuck, man.

>>21243460
>But does it, really?
Yes, it does. That's what I'm trying to tell you guys. I was in your shoes in 2017 and watched my bags drop by over 95% because I /knew/ it was going to recover. It didn't.

>>21243566
Does this apply if you own AAPL?

>>21243137
It applies to more than just LINK - but anyone can get bored. If Sergey doesn't have staff to turn over to, and if there are no funds to pay those staff, there's always the chance it gets abandoned two years into the next crash.

>>21241266
they think it just goes up forever. let em learn op, let em learn

>>21243697
No because they generate hundreds of billions in revenue per year.

>>21243566
>>21243788
Does this apply if you own AMZN?

>>21242407
god tier cup and handle formation. Im gonna coooom

>>21244075
Are you comparing multi-trillion dollar tech titans to NEET judge courts? You should probably sell while you're ahead.

>>21241266
dr;ns

>>21244102
So multi-trillion dollar tech giants are fundamentally vertical. Forever? I guess my point is..is that if you chose the true winners in the Blockchain and DeFi world, they too would become fundamentally vertical, long-term.

Pic related for the newbies. Guess how people were feeling about their "investments" right at the tippy top. Pretty damn great, I can tell you that much. New paradigm, holding till I'm a millilonaire, etc.

>>21244187
>I guess my point is..is that if you chose the true winners in the Blockchain and DeFi world, they too would become fundamentally vertical, long-term.
I agree this will be the case for a select few.

>>21241266
Only 1 problem, ace.

We're in 2016 or 2012. The bullrun isn't this december, it's the next december, unless for the first time in 11 years we are having a 1 year bullrun and another 2 year bear market.

>>21244300

can i use your crystal ball?

>>21244265
There will be many.
>>21244299
There will be a few.

Yes. Also, my personal goal is not to get rich quick, but buy what I believe in. And if the markets shut down for a decade, I’ll be comfortable holding my investment. I don’t think this will be the case, as this industry is set to continue growing exponentially in the coming years.

>>21243015

fundamental analysis is even worse on this one.
is all speculation and barely anything is on production.
This remind me of Cardano.

>>21243259
if the project hasn't even fully developed, I don't see why it wouldn't be worth more as it progresses in its development.
Sure, it may dump back to $9 or $10, but so what if it ends up over $100 within the next year? Or even $1000 within a few years.
I've been holding a long time and can't tell you how many bizlets said to dump, only to post pink wojaks endlessly a year later.
I say just sell 10% every 10x and ride the wave if you believe in the tech and team.

>>21243122
>Its geared for big business with billions.

Except they don't have a single corporate customer. Not a single invoice...

>>21244437
>Yes. Also, my personal goal is not to get rich quick, but buy what I believe in. And if the markets shut down for a decade, I’ll be comfortable holding my investment. I don’t think this will be the case, as this industry is set to continue growing exponentially in the coming years.
Respect. God speed and good luck anon.

>>21244486
One more thing. The President is cutting capital gains taxes this year. This is probably the main thing that stopped me from converting my paper gains to actual capital gains in USD in 2017/2018. Greed, perhaps..yes, but fear. By end of decade, I think BTC/ETH - among others will be accepted as payments. I don’t have much confidence in FedRes Notes.

>>21241266
2013fag here with some protips to newfags.
If your chart looks like this, you should probably sell. Congrats on the win.

>>21243460
I would probably take your profits on PNK. You could easily cash out leaving 10k$ worth in your wallet. If PNK goes anywhere you will be okay with 10k invested now. You could put the rest of that cash into a more stable investment or buy 10 acres of good land.

>>21245084
kek
Oh, yeah, wait till we see more bail-ins. It’s legal as of 2015 in the US, but has never been done. Yet. Dollar will remain world reserve, strongest fiat currency. But there will still be massive devaluation.

This is the total market capitalisation of all crypto between May 2013 and December 16. In it, you can see crypto reach its all time high in December 2013, and then, after a bear market that endured until November 2015, a bull market commended and it re touched its all time high in December 2016.

>>21245314
Here - we see the bull run continue from December 2016 in an astronomical fashion until it's all time high's of January 2018.

>>21245314
>>21245351
Here - we see a steep decline from the high's in January 2018 and the commencing of a bear market which lasts until May 2020.

What happens now is what has happened countless times before in emerging markets. After years in a bear market, we will now commence a bull run that will recapture the high's of January 2018, and subsequently blow past them to achieve all time highs that will dwarf the highs of the previous bull market.

Strap in gentlemen.

>>21241266
NEVER SELLING

>>21245252
Every ¢ it goes up or down is 10kUSD. When it hits the dollar ranges, those swings will be surreal. I see it happening. Not selling any pinkies before a Coinbase listing. I’d like some land. But I live in a 0-star rated state according to Strategic Relocation. Don’t see myself moving, though. Thanks for your advice, note taken.

We're going to mars. This is going to change my life. I'm going to help out my family with this money. I can finally move out. This might pay off my debt.
https://youtu.be/1SiylvmFI_8?t=61

>>21241478
yes, the biggest mistake you will make in the bull market is selling too early. I've already done that many times or some big winners...and we're just getting started.

>>21245642
How old is DeFi? Two years? Give it ten. Watch what happens.

>>21245379
Wrong. There is no new dumb money, crypto still doesn't generate revenue or value. Defi field farming is a blip.

>>21244480
Yeah they do retard, I dont even hold chainstink and can tell you are seething

I'm going to quit my job.
I'm going to buy that car.
I'm going to put my ma in a good home.
I'm going to go travel
Those whale wallets have never even sold
Those twitter normies are actually a good sign
https://youtu.be/y8AWFf7EAc4?t=155

I can't wait to be financially independent.
This is gonna show anyone who ever doubted me.
I'm going to send an ETH to my buddies and get them in on this too
I got in after a few weeks, I'm still pretty early.
That token distribution stuff is just FUD
https://youtu.be/5rOiW_xY-kc?t=65

I can't sell now I'd miss out on the REAL bullrun.
This is just the beginning.
Jeetcoin will hit 1 billion marketcap at least.
Crypto needs this thing. Period.
https://youtu.be/8AHCfZTRGiI?t=10

>>21245888
>>21246210
What is your point - and which shitcoins are these? I only hold BTC/ETH/LINK/PNK and am planning on grabbing a bag of MKR.

>>21246415
>and which shitcoins are these
They were the new paradigm. They were the next bitcoin. They were the surefire way to great riches. They were the last coin you'd ever need to make it.

>>21246528

NEVER SELLING!!!!

>>21244812
Cutting capital gains is capitulation to bitcoin without even realizing it.
Strike wallet launched today with credit card and lightning network interoperability we're getting close.