[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 6 KB, 331x221, BTC.png [View same] [iqdb] [saucenao] [google]
26004849 No.26004849 [Reply] [Original]

New to biz and BTC, so is the idea to wait till the price booms, then sell, then buy again when its cheap again? Whats the catch? It sounds like free money?

>> No.26004881

Make sure to use tedders to buy and then lock the price with a trezor.

>> No.26004912

>>26004849
The catch is that no one can know if market is going up or down so is like gambling.

The only way to make money is not sell and buy something that you believe

>> No.26004980

>>26004912
halving cycles
it's that easy

>> No.26005035

>>26004912
Again im new to this, is plus500 a good site to use to buy and sell BTC?

>>26004881
What are tedders and trezor?

>> No.26005057

>>26004849
Greed and emotions get on way

>> No.26005137
File: 88 KB, 866x553, Screenshot (878).png [View same] [iqdb] [saucenao] [google]
26005137

>>26004849
Ssshhhh you discovered a rare cheat code.

>>26004980
>>26005057
These points too.

>> No.26005160

>>26004849
You can just hold too. And buy shitty coins in case they go up, then convert to bitcoin.
If you buy and sell you can easily get left behind, a lot of people recently sold at 28k because it was bound to crash, but it didn't crash until 40k and even then crashed only to the 30's, so the people who sold at 28k hoping to buy back got fucked over

>> No.26005189

Girl you working with some ass, yeah, you're bad, yeah
Make a nigga spend his cash, yeah, his last, yeah
Hoes frown when you pass, yeah, they mad, yeah
You gon' ride in the Jag, yeah, with dad, yeah
You could smoke or buy a bag, yeah, of grass, yeah
Got money I confess, yeah, and trash, yeah
I'm a Big Tymer nigga, yeah, pulling trigger, yeah
A player hater to flip with, yeah, going head and fill it, yeah
I be slanging wood, yeah, out the hood, yeah
Let it be understood, yeah, it's all good, yeah
Got a nigga screaming large, yeah, on the hard, yeah
A smooth ghetto broad, yeah, I want the broad, yeah
A nigga do a trick, yeah, on the dick, yeah
You claiming you want a bitch, yeah, that ain't shit, yeah
The nigga with the money, yeah, don't act funny, yeah
Got birds and I'm running, yeah, 'bout a hundred, yeah

>> No.26005249

>>26004849
protip though, don't buy btc, it's one of the worst coins

>> No.26005267

>>26005035
Plus500 is the worst. You're not buying bitcoin but a derivative on it called CFD, contract for difference. It is leveraged, meaning risk and reward are amplified. Given the volatility of bitcoin, you're going to end up losing your money if you use any CFD instrument on bitcoin.

Just use a legit exchange such as Kraken for example.

>> No.26005288

>>25999999
what was it

>> No.26005292

>>26004980
halvings are completely priced in.

>> No.26005321
File: 120 KB, 1453x1614, 1589437486600.jpg [View same] [iqdb] [saucenao] [google]
26005321

All TA based on halving cycles indicate the top would be in Oct-Dec 2021, with a price in the 300k range.
But normie sentiment analysis indicates the top is already almost in.

If the normies are already in, the shoe shiners, Katty Perry, etc. who will buy the bags, and give it another x10?

How the fuck could this sustain for 10 more months?
Is this a new paradigm shift, or is it already over?

>> No.26005351

>>26004849
being this fucking new, hahahaa the markets will first teach you humility. They will take almost everything you own. You WILL feel miserable, you will feel ecstatic, you will feel like god. You will feel like a fool.
The markets are my friend, they show me who I truly am.

>> No.26005385

>>26004849
>wait till the price booms, then sell, then buy again when its cheap again
Other way around friend, buy high / sell low, the /biz/ way.

>> No.26005454

>>26004849
>It sounds like free money?
You think that's good, check this out. Literally all you need to do is make a 1% profit per day on a $100 initial investment, reinvest, repeat. Are you ready to turn a hundred bucks into $50k with nothing more than a pathetic 1% gain per day? Even a monkey could do that. Check these stats:
>day 1: $100
>day 20: $120
>day 60: $179
>day 120: $327
>day 240: $1,078
>day 360: $3,559
>day 720: $47,302

>> No.26005513

>>26004849
>so is the idea to wait till the price booms, then sell, then buy again when its cheap again?
Sort of. But you don't sell for fiat. You sell for other cryptos. And then buy back btc again with that crypto. Start looking at crypto charts in sats rather than, or as well as usd.

>> No.26005529

>>26005321
available supply, it's dwindling

>> No.26005606

>>26005513
>You sell for other cryptos. And then buy back btc again with that crypto
why? Why not just sell crypto for the cash?

>> No.26005608

>>26004849
It's free money when people are buying. Problem is that when selling outstrips buying, the price tanks and you either have to severely undercut the price and hope someone tries to foolishly trade the dump or market-sell and hope you don't get assraped.

Ideally you predict the dump and sell beforehand so you can guarantee profits.

>> No.26005609

>>26005454
So buy, wait until it rises 1%, then sell and wait until the next day?
Also it would need to be higher because of fucking fees

>> No.26005680

>>26004849
Yes it’s that easy. There’s no catch. People are retarded and make it harder than it needs to be.

>> No.26005796

>>26005606
Because cash is useless. It loses you money. BTC in the long run always makes you money. And a lot.

>> No.26005825
File: 246 KB, 577x670, 1610520420618.jpg [View same] [iqdb] [saucenao] [google]
26005825

>>26004849
Well it requires a stable income first. You buy when it pumps, so around a new ATH. Then you wait until dump, hodl some years over slow decline and then sell at ATL. Takes patience but I did it multiple times

>> No.26005873

>>26004849
How do you know where the top and the bottom is?

>> No.26006128

>>26005267
How reliable is Kraken? Is that the standard way to buy?

>> No.26006312

>>26006128
Kraken is very reliable, however the site can get 404 when BTC crashes/pumps due to many users. I find Bitstamp more stable and user friendly, but they have less crypto available e.g. Monero<>Fiat is only on Kraken

>> No.26006438

>>26006312
So once I want to sell my crypto on Kraken, is it easy to get money out to my account?

>> No.26006596

>>26006438
Sure. But you have to be a KYC account first as with all fiat exchanges

>> No.26006692

>>26006596
So after I have the KYC then I can just cash out my crypto into money in my bank account? No other funny business? A buddy of mine told me to get cash from crypto you need to buy gold with it then sell the gold for cash?

>> No.26006771

>>26006692
Most banks are banning you from turning btc into fiat/real cash , I would avoid any crypto's if i we're you and start going into DCA's and EFT's , this board is full of scammers and losers on the front end of crypto's

>> No.26006834

>>26006771
Why do banks ban it?

>> No.26006840

>>26005035
Don't listen to him. Just store your money in different, but unrisky exchanges (like Kraken). You can react faster to changes and it is pretty safe nowadays, unlike MtGox back in the day.

Storing on the blockchain always has the risk of being hacked. Eg malicious script in paper wallet generator or malicious USB-dongle eg trezor etc or scammy pajeet tier wallet app...

>> No.26006871

>>26005529
sure is
>900 btc mined a day
>paypal, greyscale and fidelity are buying more then 900 a day
normies are about to get priced out and cucked hard
they will only be able to afford a few thousand satoshis via greyscale shares

>> No.26006903

>>26004912
it only goes up in the long run, it's not gambling it's literally free money and retards keep panic selling every time, we buy up the dip and it reaches a new ATH

>> No.26006904

>>26006834
its a scam

>> No.26006931

>>26006840
>You can react faster to changes
that's how you lose money. The chad move is to hodl for eternity

>> No.26006963

>>26006692
>A buddy of mine told me to get cash from crypto you need to buy gold with it then sell the gold for cash?

He was probably thinking about tax evasion stuff.

>> No.26007015

>>26004849
>Whats the catch? It sounds like free money?
ok give it a show and come back to us when you realise you don't know wtf ur doing anticipating the market and trading crypto and lost a wad of cash

>> No.26007116

>>26007015
Im here asking arnt I?

>> No.26007178

>>26006771
Source?

>> No.26007332

>>26006771
source?

>> No.26007454

>>26004849
It sounds easy but sometimes people buy high and then sell low.

>> No.26007922

Using kraken Can I buy any crypto and sell for cash?

>> No.26008006

My attitude to it has always been to just sit on it rather than trying to predict boom and busts, just waiting for the day it reaches an ATH I think is enough as it seems to always rise in the end. Not sensible? Most people here seem to be selling and buying frequently.

>> No.26008061

>>26005321
those celebrities, institutions and other big investors will search for crypto on google for sure..

>> No.26008136

>>26007922
Not any, those which are listed
https://www.kraken.com/prices?quote=USD