/biz/ - Business & Finance

[Anonymous No.50390670]

>Normies are getting their first taste
Imagine lmao
https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash?utm_source=pocket-newtab

[Anonymous No.50390681]

>>50390670
>I lost my savings to a coin with a stupid dog on it

[Anonymous No.50390691]

Financially speaking, what's the benefit of news like this?

[Anonymous No.50390706]

>>50390681
>>50390691
Do you guys want to make a Bear Screaming Therapy Group?

[Anonymous No.50390726]

>They gather on Telegram to let out howls of grief and short, sharp shrieks of pain. “Eeeeeeee!” yowls a young woman. “Waahahahah,” roars a man in a deep baritone. A third person wails like a baby. These are victims of the cryptocurrency bloodbath, 3,315 of whom have assembled in a “Bear Market Screaming Therapy Group” group to vent their anguish.

[Anonymous No.50390734]

Is Nassim right anons? Is it truly over?

[Anonymous No.50390750]

>>50390734

[Anonymous No.50390754]

>>50390750
>>50390750

[Anonymous No.50390759]

now we can heal

[Anonymous No.50390778]

>>50390726
I can't even laugh at them. I can only smile and chuckle. It's that absurd

[Anonymous No.50390783]

>>50390734
>>50390750
>price goes up
>bullish
>price goes down
>bearish
Nothing changed fundamentally but he focused on bullish arguments on the way up and on bearish on the way down. The mark of a midwit

[Anonymous No.50390795]

no different to all the peoples saying bitcoin isnt an inflation hedge because they waited a decade before buying into it.
everyone thinks they can wait around while early adopters test the waters and then still make any real money.

[Anonymous No.50390808]

>>50390726
Fucking lmao. Reminds me of the Pink Fields days on biz 2018. Good times.

[Anonymous No.50390833]

>>50390726
Bobros is what heaven feels like?

[Anonymous No.50390861]

>>50390706
Is this a joke? they have real life pink wojak gatherings?

[Anonymous No.50390868]

>>50390861
Reality is stranger than Fiction, anon

[Anonymous No.50391096]

>>50390670
Could this be the bottom?

[Anonymous No.50391106]

>>50390726
so reminds me again we haven't reached the bottom yet, right? Kek, bobos...

[Anonymous No.50391176]

>>50390681
That guy can hold his Doge until the next bull run and maybe make half of what he had at ATH, which isn't bad at all.

[Anonymous No.50391249]

>>50390681
What a greedy retard
Why don't normalcunts take profits?

[Anonymous No.50391388]

caveat emptor caveat venditor mother fuckers

[Anonymous No.50392679]

>>50390754
>Lots of these kids lost everything they have
>You feel empathy for them
Nah.
I feel zero empathy for turbofaggots like Roy who had their portfolio grow 100x and didn't take any profits, not even initial ffs. If he didn't even at 200x, at what point that greedy retard would start taking profits?
Served them right.

[Anonymous No.50392681]

>>50390670
Everything crashing inflation at an ATH but people only talking about crypto and the dumbass normies that fomoed the top lmao

[Anonymous No.50392708]

Still no capitulation.
Another 80% drop incoming.
I will start buying at 5k.

[Anonymous No.50392750]

>>50390670
>celsius had 1.7million customers
wow, never knew it was so big. this is insane.

[Anonymous No.50392825]

>Fuck the banks, I'm buying crypto!

>Keeps crypto on centralized uninsured 'bank'

[Anonymous No.50392832]

>>50392708
You're delusional if you think the price will go to 5k

[Anonymous No.50392844]

>>50392832
Show me capitulation.
There aint none.

[Anonymous No.50392867]

>>50390754
When the bulls are this degenerate and this pathetic, how are bears not the ultimate good guys in this story?

[Anonymous No.50392879]

is this "bitcoin/crypto is dead article in msm the bottom signal i've been waiting for?

[Anonymous No.50392885]

>>50392879
As long as banks are still buying the bottom has not been reached.

[Anonymous No.50392896]

>>50392708
Bottom signal
>Everything drops 75-95%
>"still no capitulation"

[Anonymous No.50392914]

>>50392896
>t.2020 newfly

[Anonymous No.50393347]

>>50391106
>so reminds me again we haven't reached the bottom yet, right? Kek, bobos...
In terms of sentiment we're about comparable to June/July 2018

[Anonymous No.50393393]

>>50390691
He's literally up 500?

[Anonymous No.50393524]

>>50390783
>2018 was a bull market
>2021 was a bear market
Nice one, retard.

[Anonymous No.50393677]

>>50390681

GREED!!!
2,200 to 525,000 and he never once thought to pull out 100,000 (just in case things go bad)

[Anonymous No.50393711]

"Crypto COLLAPSES to a mere one trillion dollar marketcap"
lmao, do appreciate the gonna make it reference in the OP image though.

[Anonymous No.50393718]

>>50390670
you shitters got what you fucking deserve by investing in scam. enjoy the ride to zero, internet coins not needed anymore

[Anonymous No.50393879]

>>50390783
Taleb is the posterboy of dunning-kreuger. He's smart on thinking about risk and proving his views on risk with hard math. Everything else he says is either plagiarized from the classics (understandable, even commendable), or pulled out of his ass and completely stupid (his opinions on vaccination, the coof, and cryptocurrencies).

The dumb thing is he's good with options, so he SHOULD be making a mint swing-trading and shorting with leverage. He he could even open a trading company writing options to sell to other people.

[Anonymous No.50394433]

>>50390726

[Anonymous No.50394463]

>>50390670
someone posts the sounds so we can make some music

[Anonymous No.50394898]

>>50390726
kek

[Anonymous No.50395086]

>>50392844

>sentiment ded
>price ded
>normies coming out of the cracks like roaches saying they knew crypto was a scam the whole time
>record-setting face-melting volume at the bottom

That was capitulation anon

[Anonymous No.50395217]

>>50390726

[Anonymous No.50395304]

>>50390691
The only retreat there is not selling the top and not taking profits along the way, at the end of the day, he’d be losing $2500 and that’s it. It’s seriously not a big deal.

[Anonymous No.50395357]

>>50395086
>sentiment dead
You're retarded. The sentiment is "haha I wish I sold back in november oh well I'll just wait for 2024 bull run", nowhere near despair or people cutting their losses.

[Anonymous No.50395427]

>>50391176
uh... yeah, dude. sure

[Anonymous No.50395508]

>>50395086
Capitulation is when people are loosing their jobs.
Capitulation is when people are loosing their homes.
Capitulation is when people are selling everything of value to prevent living homeless on the streets.
You aint seen nothing yet.

[Anonymous No.50395623]

>>50390783

There are no fundamentals so the only thing you should pay attention to is trend.

[Anonymous No.50395681]

>>50395508
>Capitulation of speculating on digital assets is when people die of starvation

[Anonymous No.50395950]

>>50395681
Hahahahahah holy kek

[Anonymous No.50396013]

>>50395508

That might happen with capitulation of the s&p maybe, not fucking bitcoin lol

[Anonymous No.50396024]

>>50390726
>“Waahahahah,” roars a man in a deep baritone

[Anonymous No.50396047]

Crypto is dead. There's no point buying back idiots.

[Anonymous No.50396127]

>>50390691
>Benefit
It means regulations are coming.

[Anonymous No.50396526]

>>50392679
You can make money in a bull or bear market but pigs always get slaughtered.

[Anonymous No.50397261]

Doge shill "arricle".

[Anonymous No.50398005]

[Anonymous No.50398090]

[Anonymous No.50398137]

[Anonymous No.50398204]

>>50398005
>>50398090
fake outs
>>50398137
scam

[Anonymous No.50398306]

>>50395357
Only intelligent people and retards are saying this. Midwits have tapped out and will miss the next bullrun once again.
>>50395508
What you describe is a complete macro collapse which is (un)fortunately not habbening. As far as the crypto cycle goes, capitulation is done and we're near the bottom.

[Anonymous No.50398359]

>>50390670
>The Guardian
not even once

[Anonymous No.50398425]

>>50390681
What a mongoloid asshole, why the fuck wouldn't you cash out half a mil

[Anonymous No.50398582]

>>50398359
their Technology Editor Alex Hern writes negatively about anything crypto related because he's been calling Bitcoin a bubble since 2013

[Anonymous No.50399248]

>almost peak of Dogecoin when it hit like $0.40
>Dad sees his kind-not-ex-wife(my step mom) making money from buying and selling doge
>He decides he wants to put in $2K of his own fucking money into it
>I tell him "Dad, dogecoin was made as a joke. I'm not saying it doesn't have value but I don't want you to get depressed when it goes down eventually."
>he waves it off and says "Whatever, I have two thousands dollars worth of shares in dogecoin so I'll make bank
>that fucking word
>"Shares"
I explained to him that Dogecoins and other crypto coins are not fucking shares like a company, and he kept saying "stop spreading FUD" and I couldn't fucking believe what was happening. I begged him to just pull out when the doge market crashed and he refused to listen. He even said "Why cash out now when I'll make $245-ish" last week. I tried so hard to convince Jim but he lost a lot and now he's working as a security guard making dick money

[Anonymous No.50399285]

>>50398582
the noseness is strong with this one

[Anonymous No.50399324]

>>50399248
lmao

[Anonymous No.50399340]

>>50390706
What

[Anonymous No.50400473]

>>50390726
good god i need to join that tele

[Anonymous No.50401246]

>>50398582
typical

[Anonymous No.50401272]

>>50399248
what the fuck am i reading

[Anonymous No.50401359]

>>50390726