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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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2333604 No.2333604 [Reply] [Original]

THE DREAM IS DEAD

THE LAMBOS HAVE GONE

>> No.2333615
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2333615

>>2333604

>> No.2334168

>>2333604
what is this coin you talk about op?

>> No.2334177

>>2334168
>not being able to tell from the axes
wew

>> No.2334195

>>2334168
BTC

The alt market does well when BTC is NOT mooning (because then everyone dumps into BTC instead), but rather then BTC is increasing in value linearly between moons. When BTC is crashing or volume is contracting, in the short-term GOOD altcoins will appreciate in value, but in the long-run the whole altcoin and especially shitcoin market will contract as BTC's contracts.

>> No.2334213

>>2334195
BTC?

Sorry haven't heard of it here on /biz

Must be a scam coin then.

>> No.2334224

>>2334195
>When BTC is crashing or volume is contracting, in the short-term GOOD altcoins will appreciate in value
Not really true, just look right now, out of the top 100 coins only a few aren't crashing similarly/worse

>> No.2334266

>>2334224

ARK is the best alt right now and is up almost 27% since yesterday, but as I said, in the long-run contracting BTC volume will hurt the whole crypto market.

>> No.2334338

>>2334266
my portfolio is xby, ubiq, and ark

i'm up 12% today, didn't even know there was a market-wide dip lel

>> No.2334358

>>2333604
Uh oh.......... big alt crash incoming.

I'm not looking at blockfolio for the next week it'll cause a heart attack.

Already lost £20,000 this day alone. Fuuuuuck.....

>> No.2334366

>>2334338

You'll gain in the short run, but in the long run, if the crypto market goes down as a whole, all of those will get dragged down with it and you'll potentially be holding those bags until 2020.

>> No.2334403

>>2334358
must...resist....urge to open poloniex & bittrex

>> No.2334404

>>2334266
Literally put my eth into ark right before this happened because of /biz/. Love this place

>> No.2334411

>>2334266
its just started dipping

>> No.2334418

> look, it's 2 weeks ago all over again
everything is so cheap, I wanna buy the dip

>> No.2334424

>>2334404
Self fulfilling prophecies. It gained because biz told a lot of people to do that. It's less that biz predicted the gain and more that they caused it.

Doesn't mean it isn't great though.