/biz/ - Business & Finance

>>25891824
I bought more. Did I do good? Give me validation please.

>>25891824
We are about to pump hard

With decentralized exchanges I don't think this indicator is as useful as it used to be.

>>25891971
Should still be fairly reliable since whales own about 60% of circulating supply.

>>25891824
Richard Heart said Link is fucking trash though.

>>25891824
I sold at 20 and bought at 8 and sold at 12 and bought at 10 and sold at 15 and bought at 10 and sold at 18 and bought at 15 again

I'm a top 500 wallet and my rank keeps plummeting. There has been heavy accumulation these past few weeks.

>>25891824
Price won’t go up until the devs stop dumping.

>>25892241
lel, Sergey was "dumping" before and during the pamp to $20 too, you cuck.

>>25892267
Except it’s literally dumping right now you cocksucking nigger

>>25892326
Wow what a relevant statement and event.

>>25892138

Who?

>>25892138
he wants you to get scammed by him unstead

>>25892193
based crystal ball anon

>>25891824
I sold before and bought in the dip. Rate my iq

>>25892193
Post proof or you’re lying

>>25892193
You're gonna get fucked one of these days. Enjoy it while it lasts anon. There's a reason why the "NOT FUCKING SELLING" meme exists.

I actually buyed 500 and got 5k in cash to buy more. Just waiting for confirmation

Bought

>>25892326
It literally is not you fucking idiot, at all. Nobody with a brain could possibly interpret price action as dumping

LINKUSD has been in clear consolidation for months not. LINKBTC and LINKETH finally showing signs of a bottom. when btc calms down a little alts are going to rip and LINK in particular will melt faces. massive DeFi re-rating is coming as can be seen from how well SNX and AAVE have done even through this week of BTC dumping.

>>25893559
I think link is at the bottom of its btc value. Bottoming out around value of halfway through 2020. Just up from here, aside from any sudden btc dumps that just make everything red for a day.

>>25893842
>>25893559
also XMR has hit several year btc low and recovered hard. link had similar fall, bottomed out at similar time, beginning of recover at similar time etc.

>>25892722
If one trades 1% swings with 1k LINK swing stack, he can usually make 4 correct swings out of 5 and with a generous stop loss he can net 30 LINK out of these 5 transactions, a decent wage for a day of hard work. Even more decent if he keeps his gains when LINK goes parabolic.
And we're talking bleeding the arbitrage bots that simply keep LINK in line with BTC, not manipulating the price, not fudding on /biz/, just having the chart open on your 3rd screen, noticing channels and just doing a quick sell followed by a buy in 1-5 minutes.
I don't get the hate.

>>25893983
Most swingers do not exercise such restraint, and lose large portions of their stacks.

>>25892267
And maybe we could have gone to $40 if he didn't. What a retarded post you made.

>>25891971
They can still look at which addresses are using uniswap and which are just accumulating

>>25893983
Dont forget taxes

>>25894195
When I first tried swinging I immediately lost 200 LINK in a single trade by being a reckless stupid shit. Examined my mistakes, changed my approach to what I described and slowly climbed back up. I'd stop but I'm not exactly swimming in jobs right now to keep adding to my stack by buying normally. Fuck lockdowns.

>>25894340
Luckily in my eastern european shithole I'm not taxed when I do crypto to crypto

I sold a little bit for Fuse, not sure what IQ range I'm in...

>>25894367
Yeah same, I'm earning interest on a part of my stack on Celsius but it's not enough to live off of. Living on my savings right now otherwise. Wish Sergey would hurry the fuck up.

>>25893842
>sudden btc dumps that just make everything red for a day.
alts have shown a ton of strength this week. many are up in sats despite being down in usd. great sign for looming alt szn.

also consider pic rel. options pricing lower volatility here but call skew still very high. shows that on a whole people are very bullish but expectation is that bitcoin ranges for a while. and what happens when bitcoin ranges?

>>25893983
>Bitch 2v5 ID
holy shit anon this will be your future if you keep swinging

>>25892805
>13.80
Yeah, not dumping

>>25893983
Memes and experiences of failure.
1% a day is an easy goal and during a bull market its basically childs play. People underestimate just how significant 1% or even 0.5% daily is. 1k compounded at 1% daily over a year is 37k at end of year. 1k at 2% a day is 1.3m after a year, 2% a day is tricky but not impossible.
Compounding gains is cheat code to success.

massive triangle forming on the yearly

>>25894562
Kek, didn't even notice.
Then again, I like these odds.

>>25894770
Compound gains would mean swinging the entire stack each time and that seems to fuck with my emotions, leading to absolutely unforced mistakes. (not to mention swinging 30k link for 1% gain is like killing a mosquito with a hammer). But more power to ballers who pull it off.

>>25894882
>Compound gains would mean swinging the entire stack each time
>1k compounded at 1% daily over a year is 37k at end of year.

>>25891824
I was about to buy 1 ETH but just switched my eth buy order to linkies
What price would I set the limit order at?
Fuck ETH, King Shitcoin only has the potential of going to $20,000 and that's pretty high yet Chainlink is still lowcap enough and under the radar enough to unironically go to $400 EOY

>>25894882
3x leverage, reduce position size by 1/3rd. Ez.

>>25894925
Fine, I meant "with an ever increasing stack"

>>25894969
Mad respect to margin traders who stay ahead of the curve but I think I'll just stay poor for now. Maybe the next halving year if I haven't made it yet by then

>>25895073
Even if you play with $100 anon, its still good gains that you otherwise wouldn't be getting.

sold high then bought back more at low?

SOMEBODY TELL ME WHETHER I SHOULD BUY 1 ETH OR 75 CHAINLINK RIGHT NOW

>>25891824
Price target when this blue cube finally MOOOOOOOOOOOONS? JS

>>25895235
if you have to ask go buy xrp

>>25893983
You have me interested, any good resources/tutorials on how to do what you do?
Or could you just go a bit more in-depth into your method?
> t. poorfag with lots of spare time

>>25891824
Based I have 18 Linkies

>>25895235
1x$2250 = $2250
75*$30 = $2250

Hint: LINK will rise much higher than $30

>>25895313
I know xrp is a scam but is eth or link better

>>25894340
Get your EU citizenship (if white american) and use your eu passport for your id registration open an Eu bank account. Enjoy your gains without worrying about taxes. Taxes is a scam and with a president that wants to give a leg up to everyone but you and won by cheating you don't owe that country any loyalty or tax

>>25895235
holy shit, you can buy only 75 links with 1 eth? Where are the times when you could buy thousand with it. Time flies like a fuck

bought at 0.20$ sold at 18$, put profits on XRP and never looked back.

>>25895429
I think you're right
I expect eth to go to at least $10k this cycle, more likely $15-20k but I think for link that top number is more like at least $100 possibly $400

>>25895861
where in the fuck do these ETH shills come from? 10k?? where are they getting their numbers from?

>>25892399
checked and literally this

>>25895387
No resources man, it started like this - I kept the one minute chart open in a side window while doing some work (freelance coder, not very busy recently) and over time I got more and more frustrated with seeing how the price will play in the next minute or so and not taking any advantage of it.
So one day I just decided I've had enough, moved 5k of my LINK to an exchange and tried to trade. Got fucked, identified what caused the disaster (emotion, caused by overexposure to risk) and just came up wtih a strategy that seemed safe.
Mind you, everyone's a genious during a bull market, the volume is high, the bots are stupid, the volatility is high so even if you fuck up the price will likely revisit the point you made your mistake.
My method is merely watching for a the formation of a channel on the BTC/USDT 1 minute chart, while also having the LINK/USDT open and ready to trade. When BTC/USDT hits a local top in its channel and starts going slightly red, and there isn't a longer term trend that interferes with the channel, I usually sell and set a buy order slightly above the channel's next low point, which is about 1% lower. Doesn't work with market buy/sell, and either have a stop loss ready for the smallest mistake or keep your finger on the trigger.
That way I am in LINK almost all of the time and once every hour or so have a clear opportunity to steal some LINK from a dumb bot.
This will work until it won't, so I'm not swinging the gains, just my initial (after I revered my initial losses)
Mind you, many on /biz/ are actual artists in this sorta shit and would laugh at me for days for what I described. I just found it mostly works for me.
I recommend starting with some training wheels - I just used excel as I had that installed, but most exchanges have some training functionality.
And never get cocky.


>>25895135
Will see where It takes me man, thanks for the encouragement

>>25896453
Appreciate the advice, B1Tch

>>25896590
I hope I don't cause you financial loss, PaJeet77. Cryoto is not a zero sum game but trading is. Be careful

>>25891824
I sold 1k LINK for 34 ETH and bought back 1.1k LINK for 14 ETH.
Does 20 free ETH indicate a high or low IQ

>>25891824
this graph is shit because supply on exchanges was at ATH when it pumped to $20

>>25894877
fucking checked. nubiz ignores too many digits fuck you nufags

>>25893983
if it doesn't work with 50% it also doesn't work with 1% brainlet, difference is that you lose 1% instead of 50, but you're still wasting time.

>>25897372
>if it doesn't work with 50% it also doesn't work with 1%
That's not stack size, it's the price difference between the buy and sell price, based retard.

>>25891870

how can i learn to swing link? I want to start building a swing stack. All ive been doing is buying and holding. But I want to try to make some more active gains. Thanks bois.

>>25893983
ID check

>>25894340
I mean, you're gonna get taxed no matter what
not making money because it will have a percentage taxed is just stupid.

>>25896007
if you only knew how comfy ETH and LINK tards are

>>25895451
it's all gambling dude
no one really knows wtf is gonna happen long term

>>25897920
If reading the entire thread before asking is too much effort, you might find buying and holding more profitable, friend.

>>25891926
>13.50

>>25898461
I did read entire thread and everything you posted. You said it worked for you but that others would laugh at how you do it. So I’m wondering where I can start reading or what not the basics of trading crypto.

>>25898334
I'm tired of being waiting-wageslave comfy. I want to be made-it comfy already.

>>25899125
Fair enough.
Check out investopedia, other people found it useful as a starting point.
Binance has a beginner's guide, but it's not like they want you to be good at it.