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/biz/ - Business & Finance

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18986107 No.18986107 [Reply] [Original]

IM GOING DOUBLE OR NOTHING U FUCKING BOGS. TRY FUCK ME OUT OF THIS ONE

>> No.18986156
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18986156

You are brave...
BUT FOOLISH

>> No.18986185

>>18986156
bogged

>> No.18986277

>>18986107
I am a newfag when it comes to crypto. I just sold half of my BTC and would reinvest if it goes up again. Is that a valid strategy?

>> No.18986278

Only sminem can beat the bog

>> No.18986291

>>18986277

Sell low and buy high. This is a tested and true strategy.

>> No.18986355

>>18986291
I did buy those BTC in 2017 before the pump, I just was a HODLER until now.

>> No.18986365

>yes Mr Bogdanoff, he's rebuying the dip
>...
>...right away sir

>> No.18986386

>>18986277
>>18986355
please tell me you're memeing

>> No.18986485

>>18986386
What is wrong, good sir?

>> No.18986520
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18986520

>>18986107

>> No.18986555

>>18986277
If you aren't larping I would spread it around in shitcoins that lost 20% or more today

>> No.18986603

>>18986555
I do own a variety of shitcoins, ranging from BAT, over DGB to RDD and LTC (nto really a shitcoin tho). When I said I am a crypto newfag I should rather have said that I am a trading newfag. My sole strategy was to HODL because I am a coward when it comes to trading and it is kind of hard to find axioms in this market that are reliable.
What is your rationale behind buying shitcoins right now? Will BTC continue to drop? What about the halving?

>> No.18986614

>>18986485
Taking the bait.

Selling a drop and buying back in when it's going back up, higher than what you sold for, is the investing strategy for the goodest of goyim. You may alleviate some of your immediate fear doing shit like that, but you lose much much more money than just buying and holding, not playing at all, or pretty much anything else.

Ideas like this are why poors are scared of investing. In other words, DO NOT DO THIS.

>> No.18986636
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18986636

>>18986156
How can the bog get me if I DCA?

>> No.18986648

>>18986614
But I am expecting it to drop further. You are aware that due to the Corona shit our economies just have been patched over and that the current rise int he stock and crypto market won't hold forever? I don't have a steady income so I wanted to have something in my fiat wallet to reinvest.

>> No.18986693

>>18986648
Despite what the (((analysts))) on TV and the niggers and faggots on this board claim, nobody actually knows what's going to happen to the market. Maybe it will drop further, or maybe it won't. When you pull out of the market after a dip, you risk FOMOing in at a price higher than what you sold for. By doing that you lose money.

Btw if you actually need the money to pay bills, don't put this money into something so volatile as crypto.

>> No.18986707

>>18986603
>Rationale
Nigger you're on /biz/, anyone who claims to be a savvy investor wouldn't be on here.
I just buy shitcoins that dropped hard since they more than likely will return to weekly average once Bitcoin goes back up

>> No.18986735

>>18986693
I don't need to pay bills. I only took out half of my BTC, and I did not sell at a loss since I bought that BTC at 2000$/1BTC. Why are you so confident BTC will keep rising? Where will it stop and why?

>> No.18986750

>>18986707
Yeah I expect people to be high in conscientiousness like myself for some reason when clearly most are not.

>> No.18986795

>>18986735
>sold after buying at $2000
I apologize, I assumed you were an idiot. Thanks for proving me wrong.

That's the thing, as much as I think BTC will rise, I acknowledge that I don't know for sure. Don't put money into crypto that you couldn't handle losing.

>> No.18986915

>>18986795
I expect BTC to rise on the long run as well but I think the market is a bit overconfident right now due to the stock market doing fine superficially. But those injections by the FED and ECB come with a delayed cost. I wish BTC would rise to a million a piece as most of us and actually think that smart contracts are the future. But the real world adoption of crypto is still not big enough to go unscathed when fiat markets crash.