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/biz/ - Business & Finance

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11791737 No.11791737 [Reply] [Original]

Crypto is fucking dead, we lost everything.

>> No.11791744

>>11791737
Just sell, anon

>> No.11791761

Time of artificial shitcoins is over. Time to invest in long-term technological solutions. Time to invest in Smart Contracts. Time to invest in Chainlink.

>> No.11791766

>>11791761
Based and redpilled

>> No.11791769
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11791769

>>11791744
Sell what? I lost everything.
It's over guys, Bitcoin is the past.
The Golden bullrun already happened.

>> No.11791782

>>11791737
Just buy Link and retire in two months, fren.

>> No.11791786
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11791786

>>11791737

its all hopeless now

>> No.11791788

>>11791737
Then sell your 8 bucks worth of btc and move on loser.

>> No.11791809
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11791809

>>11791788
We fell for the most obvious ponzi scheme.

>> No.11791821

>we lost everything

Oh no no no. You haven't seen anything yet. Wait until we break $5k.

Also, you haven't lost if you haven't sold. Crypto is controlled mostly by whales, mostly early investors and miners, controlling the market with bots. /biz/ and normalfags are nothing but fish food to them. But consider too that crypto is unregulated. They can pump, and dump, and pump and dump to their heart's content. And the lower bitcoin falls, the cheaper they can buy back in. Here is how this market works for the whales:

1) Sell high
2) Crash the market
3) Once it breaks -70%, start slowly scaling back in. Scale in slowly so to not push up the price.
4) Use buy walls and sell walls to keep the price in check as you do this
5) Let the crash continue until full capitulation has occurred with the general public and non-whales
6) After a bit of flatline, give the market a few test pumps with massive bot orders to wake people up a bit
7) Once volume increases, do some larger pumps. You have now incited FOMO.
8) Continue pushing the market up to epic heights. Normalfags and /biz/ will wait to buy until 500% growth has occured
9) Sell high, crash the market again. Repeat the cycle.

As long as this market remains unregulated as boomer politicians don't know how to use as smartphone, whales will keep pumping, and dumping to eternity. So what you are still HODLing, you just have to keep HODLing. Don't sell low. And in the meantime, ACCUMULATE. Don't event think about your crashed coins. Just accumulate more Bitcoin and main alts, then wait for the next whale pump cycle of the market, and this time SELL.

Also, I don't think we'll bottom until -80%, so consider $3,800 as a bottom 2nd to 3rd quarter of 2019 as a likely bottom as you decide how much and when to scale in.

>> No.11791832

>>11791821
I want to become Moby Dick

>> No.11791856

>>11791821
>implying normies will come back.

>> No.11791858

>>11791761
Stellar*

>> No.11791891

>>11791856
They will. Greed is stronger than fear, especially in America. And even if the normies don't come back the whales still have enough hold to push the prices up past ATH. Look at Bitcoin in 2014. Prices skyrocketed from $150 to $1,500 in 6 weeks, then crashed violently, just like 2017. That's a 10x, Anon. How did that happen? Certainly this was far before normies. The answer is whales, pump and dumps, and zero regulation. Why would whales stop their eternal pump and dump scheme when it's literally a money printing box?

The key is patience. Don't FOMO in now. Don't sell low now. Wait until we break $5k, and then slowly start scaling in. Expecting bottom between $2.9k and $4k.

>> No.11791916

>>11791891

so why not just sell now and buy back at 4k and save some money. the support has been broken

>> No.11791929

>>11791891
JM Bullion is a good source. Try and find a company with a good matching $401k too and pump that to the max.

>> No.11791934
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11791934

>>11791761
>Time of artificial shitcoins is over.

>> No.11791963

>>11791916
The amount you'd make from selling now isn't worth the risk a bottom guess being wrong. I wouldn't buy now, but I also wouldn't sell. If you want to sell, I'd say set some sell orders under the main, most recent upward neckline support. A lot of times coins will pump randomly, then dump just as hard. By setting sells, you could have a chance of catching one of those pumps. For now, I would just wait until early next year, then start slowly accumulating more and scaling in, expecting prices to fall more as you accumulate, but also doing so on the knowledge that the next pump cycle, will far outweigh any temp losses you take from your scaling in. Again, patience.

>> No.11791967

>>11791891
>whales are central bank with their own boom bust cycle
the game is rigged and you better off investing in cambodian basket weaver stock