/biz/ - Business & Finance

you should buy low to maximise your chances at making money

>>57742127
it truly makes no sense. the only rational argument I can come up with is that the books are actively traded upon by bots/algos that can detect when a buy/sell is made that isn't their own and re-calculate around those moves

>>57742186
yup
there were anons shilling BCH at 235 two weeks ago
you could have made 35% by now if you weren't retarded

>>57742127
I know this feel too well

/biz/ likes to amass virtual portfolios that tell them they have 6 figures in wealth via various worthless internet coins, except those coins cannot be cashed out in any way because there's nobody who would buy them. /biz/ effectively pays USD to be told the lie that they'll certainly receive the USD if they were to ever cash out, but they can't.

>>57742127
I call the market a big whore. The market is a whore. It's out to FUCK as many people as it can, that's its job.

>>57742127
that's me looking at $PEPE go to ..250 right now

>>57742414
im watching it pamp as well. quite impressed with how it bounced back

>>57742127

>enter coin, coin dumps
>exit coin, coin pumps
>enter coin, coin dumps, hodl, coin plummets
>exit coin, coin moons

Have you considered doing the opposite of that?

Nice one bruv.

>>57742521
Then the coins will start doing the opposite as well

>>57742521
well i'm only in crypto for like 2 months now (ik) so you could see it as me having exited all that time before. still a poorfag

verification not required .__.

>>57742127
Swingies get the rope

>>57742127
>>57742208
>bots/algos that can detect when a buy/sell is made that isn't their own and re-calculate around those moves
market makers automatically send the market to the opposite direction to get rid to rebalance their books. unless you buy just before a really big move, you must assume the market will move against you in the short term whether you buy or sell.

>>57742127
This sums up the last 2 years I’ve been in crypto

>>57742127
ty for your money, everyone who relates to this

>>57742548

Best beleif in emotional trading bruv, because you're in one.

Seriously though, you seem like a nice fella. Think to yourself: what is motivating you to make these mistimed trades? Yourself. And that is what you have to get control of, and then you will know when to enter a trade with conviction, and how to not be susceptible to FOMO, which causes you to buy at local tops.

Good luck with your trading journey, and if you need any more advice just hit me up. I'm pretty well known around these parts.

>>57742127
the market knows you better than you know yourself anon. think of crypto as PvE and things will start making more sense.

>>57742186
>buy low to maximize chance at making money
>coin keeps going lower

>>57742843
you're right man, that's what I've been saying to myself the past week as well; i've been too emotional doing my trades lately. especially the past few days when there's pump after pump. the FOMO just kicks in since there havent been any gains at all to be honest for me. I'm down ~ 40% right now.
then you make a quick few bucks in a pump, the adrenaline kicks in and you continue to risk it and get rekt.
I will tone it down. thanks for the heads up.

verification not required

>>57742908
>me when I wake up still

>>57742127
do the opposite of what you think you should do

>>57742127
Bro what's your timeframe on those movements. You should hold deep into your investments even if it seems like there is now way out. The move should be
>Enter coin, wait
>coin dumps
>wait
>coin pumps
>exit or divide strategy
Take AGRS for example, good coin that kept crabbing for years until look at that, it did a x10 on december and reached ATH a week ago. You don't dump your investments, you keep them, even more if they have trustworthy devs. You can do it op, i believe in you

>>57743176
that's an infinite loop

>>57743248
I appreciate that man. I started out last december and held until 2 weeks ago. everything I had plummeted bigly. when shit started pumping (except my shit of course) I sold everything except my pepe bag and just started going for pumps, which went pretty well at the start but then my emotions got the best of me, went all in couple of times while FOMO'ing everything and got rekt.

verification not required

>>57742843
>mistimed trades
nothing to do with mistimed trades it's just how the market works. the market reacts to your orders. everybody here buying or selling even a small amount has an influence on the chart.

>>57743342
if you have no profitable system you'll get rekt. you basically just gamble your money

>>57743351


NGMI. You're exhibiting a well known sign of mental illness. And no, the man in the television is not talking directly to you either.

Try this instead:

>enter coin, coin dumps
>don't exit coin
>coin pumps
>coin moons
>exit coin

>>57743391
>retard doesn't know how market makers work

>>57742127
This used to be me, but then I changed timelines into this one. Now I am untethered from causality due to not having a past in this timeline and I am free to buy and sell shitcoins without the hand of market

>>57743407
>retard thinks his 50 rupee bids move a multi-million dollar market

>>57743489
it does indirectly move the price a little bit yes. you wont be able to place any market orders that doesnt go against you a few %. we can test this right now

>>57742186
kek

>>57742127
try selling only half next time.