/biz/ - Business & Finance

this is sad, kind of feeling sorry eth shorters.

The real flippening: moving from a silly uptrend to a downtrend towards HELL.

Muiiiaaaahhhahahahahaja

400 by July 10th

The saddest part is that Eth is not even a currency, nor a store of value. It's just a silly invention to execute smart contracts poorly.

>>2669385
this. these guys are getting so desperate it's really becoming sad. also obviously in denial so they still can't swallow their losses and just buy back into ETH, many of them will lose all their money when it skyrockets in about 12 hours

really sad.

>>2669555
What makes you think this is magically going to break all of it's resistance in 12 hours?

>>2669555
oh yeah

>muh announcements

like wtf is wrong with you flat earthers? the only reason ppl started buying into this shit in the first place was because all the summerfag normies hate trump and all the possibilities of conservative PMs and presidents running their shithole eurotrash countries, so they got scared and lost their balls and remebered they bought weed on the derp web that one time with bitcoin, heard some roastie or chad hype this shit, and bought into the whole "crypto is a way to store your money" meme for the summer and are now heavily regretting it so you cling on to these fucking announcements like Moses is about to climb down from the fucking mountain and give you all a stunning revelation to your shitcoins so you can jew the world into buying more into it

unfortunately, fantasy and reality are different for a reason and the summer is almost over. Just know, winter is fucking coming and you're all gonna be shitty bag holders and shills for bitcoin by end 2017

>>2669594
this. he's in denial. its the first stage, dont worry

>>2669354
>shorting ETH

Shhh, no tears. Only dreams now.

>he didn't buy sub 100 so he spends all day being salty

It literally hovered around 50 for quite some time kys

>>2669594
>>2669646
haha, i won't tell you why, because if i did i'd some of my edge over scrubs like you in the future

but take this advice as a gift. ETH is losing all chains within 12 hours.

Down a couple percent in a bear market.

WOW BTFO HOW WILL ETH FAGS EVER RECOVER !?

>>2669594
Cuz muh bitcoin 2.0 can't possibly fail no matter what

Not to be a TA fag, but..
>Bearish Bollinger bands
>Dwindling volume
>Existing volume mostly for sell orders
>MACD indicates loss of momentum

Doesn't this all add up to a bearish outlook? At least for the short term? Regardless of whether ETH is shit or not, that's what the trends seem to indicate...

Scaling issue solved in like a day from the mining community. YOU WILL GET SERVED HERE SOON IF YOUR NOT IN OR SHORTING>

>>2669706

>Bearish Bollinger bands
only if you cherry-pick your timeframe, if you don't it's clearly heading for the shootup

>Dwindling volume
wat? eth still has the highest volume of all cryptos, yesterday, for the first time, had higher volume than the other cryptos in top 10 combined

>Existing volume mostly for sell orders
wat? no

>MACD indicates loss of momentum
you're just here to bullshit aren't you, lol

>>2669425
>>2669524
>>2669631
why are you fags getting so emotional fudding a coin? This isnt the fucking NFL or the NBA where you have to choose a favorite team you fucking mongoloids. Catching feelings like bitches.

>>2669731
wrong screencap, soz

this is crypto-volumes from yesterday

Always do the opposite of what /biz/ says. Time to long ETH.

buy korecoin, easy x3 profit

>plebs trying to force the market down so they can cut losses on their shitty shorts

ok OP :^)

>>2669631
saltiest no coiner of the day.

>>2669524
its value comes from its utility, but your right, its essentially gas for apps on a network.
I don't get the fascination that every crypto is competing with each other to fulfill each others purpose, but whatever.

>>2669877
>File: Capture.png (6 KB, 423x95)

kek, hows that long position looking now?

Eth is limping along like a wounded animal, can't even stay above 300. Lol. But keep thinking it will just randomly shoot to 1000 soon, morons.

>>2670617

the entire market is down retard, take a look around. Even BTC is significantly lower than past ATH.

>100s of millions for ICOs with 0 real world value for years to come and quite probably never
>network can't handle 1 big ICO but will magically run thousands of dApps concurrently in the future
>chain immutability broken to bail out eth foundation members and friends
>zero (0) dApps used in business processes in real companies (experiments and private chains don't count)

Eth is a mess

is there anything worse than the "kys" meme? just reeks of try hard edge

>>2671365
Kys

Had to be done

>>2669939
Its the wild west right now, its the battle royale of crypto, where in the future a few will survive and the rest will go to shit. We just want to make a massive profit in the meantime!

>>2671365
Yep, the fucking keys shit is gettin geh

>>2671365
Also kys

>>2671365
kys yourself faggot

>>2671351
so is btc or pick your shitcoin. now quit getting all emotional.

>>2669354
ETH will be $400 again... In a year or two. Screencap this.

>>2670603

added another 100 ETH, you're literally too small of a player to understand the dynamics here, watch the shorters place their 2.5X margins and get margin squeezed out again.

>>2671440
ETH will be $400 again... in 6 hours. but that's the last time you can ever buy in so cheap

triple digits won't last long either

>>2671365
Its the lesser meme of them all
kys has never been more relevant, in all of its aspects

>>2671547
$80 sooner than you think

ITT
>damage control
>damage control
>damage control

>>2669631
Wow u sound like a fuckin fag

>>2671351
>The technology will never ever get any better
Ok champ

>>2669731
Hey, so about those bear trends...

>>2672338
5 more hours and you'll see
... ETH above $400

>>2672366
That's not unlikely at all... which would be fantastic. But this is coming from someone who shorted ETH at 305. Short term bear run is all I needed, mate.

>>2669733
>THIS
>THIS
>>>>>>>>>>>>>THIS!!

>>2672386
>not unlikely
>ETH gonna hit ATH while BTC is close to a 30 day low

yeah, im sure

this is the end of the road for ethereum. Ethereum holders in 6 hours:
https://www.youtube.com/watch?v=SiXS_jjJYY8

>>2672386
oh, so by 'short term' you meant 3 hours short? lol

well, i can't predict intra-day movements at all, the only reason i know it's shooting up tonight is something special
normally i can't even predict intra-week movements, cheers for you if you can and didn't just get lucky

>>2671544
>added another 100 ETH, you're literally too small of a player
>thinks having a 500 ETH margin position makes him a "big player"
>thinks he isn't going to wake up tomorrow to see his position was liquidated

I will be adding to my position also, the difference is that I like adding to winning positions instead of losing ones

please keep us updated on your mounting losses

it's ogre
>>2672621

>>2672511
Lol let's be real, it's ALL luck. Literally all of this is guessing. I just based my guesses today on fib retracements and it happened to work out well.

>>2672489
this demented wojak video is the best

>>2672511
If ETH is goes over $400 tonight like you said 3 times, I'll send you 1 ETH as a tip.

>>2669631

>got reference
>/r/4chan buzzwords
>/pol/ tier dribble

Screen capped into the steadily growing "retards who think eth is dead" folder

>>2672489
This. It only becomes more relevant.

>>2672700

I've added 100 more ETH at around 0.111, and looking at your liquidation price you are really risking it with those margins LOL, ETH will need to hit $30 before I get liquidated. For you it only needs to brush its weeks high.

>>2673133

show us your P/L and margin %

>>2673133
"the trend is your friend" and right now the trend is down. It has been for over a week now and there no reason for it to stop just yet

>>2673196

its an obvious downtrend but he thinks he can fight the market by adding even more to his obviously wrong trade

he probably had luck over the past month with longing ETH on margin and now he thinks he can do it again because "ETH is cheap".

can't wait to laugh at him tomorrow

>>2673196
>>2673156
>>2673248

Come on boys,close those margins on the up swing, you want to realize those gains don't you? drive my trades up :^)

>t. shorters getting squeezed

>>2673248
same. I sold most of my ETH between 300-304 this morning because I know its going down. If i could short I would but because of where I live all the exchanges wont let me.
>>2673303
i cant short, but i would if i could. Wouldve shorted at 305 and been up 30 bucks a coin rn

Hopefully ETH goes to $400 so i can sell for btc. for august 1st

Im up over 130% though and im just being greedy.

>>2673303
>implying
Already realized my short gains & now looking to reenter short higher. If the bounce looks convincing might go long.

>>2673089
i will also do this. i do not believe that is even remotely possible. long term? yea no way tonight tho