/biz/ - Business & Finance

[Anonymous No.26365484]

>bought BTC at 40k
>sold it at 29k
bros... I think trading isn't for me

[Anonymous No.26365541]

>>26365484
Pro Tip: when people say don't buy high they mean that part of the chart that's way above the rest of the chart

[Anonymous No.26365574]

True /biz/ness man.

[Anonymous No.26365612]

>>26365541
I watched guides that said breakout trading is the safest way to do it if you're a noob.

[Anonymous No.26365614]

>>26365484
H
O
D
L

[Anonymous No.26365715]

>>26365612
I've been in crypto for 2 years and I don't even know what breakout trading means. Look at the fucking chart and don't buy while the line is parabolic in either direction. It's not that hard. And just fucking hold for however long it takes to never sell at a loss.

[Anonymous No.26365717]

>>26365484
>mfw I’m retarded at crypto but have a stack of NEETBUX on its way

[Anonymous No.26365827]

>>26365715
How would I know that the price stops dropping now? I sold because I was fucking scared to lose even more.

[Anonymous No.26365863]

>>26365484
Just do the opposite next time.

[Anonymous No.26365922]

>>26365827

You only ever lose when you sell. You bought x BTC and you still had x BTC when you sold it.

[Anonymous No.26365939]

>>26365484
>>26365612
>someone else told me to buy high so i did
ngmi

look kid
you seem alright
i'm gonna make this real simple for you
pick a timeframe that you want to trade
i trade the 15m chart
open up the RSI indicator
draw some fibonacci lines from dec 16 ath break to dec 6 peak
rough dates, don't rmb exact ones off the top of my head

when the 1h is way oversold and the rsi is bottoming and price is at fib support
buy
when the 1h is way overbought and the rsi is topping and price is at fib resistance
sell

if you have questions about this, direct it at google, not me
if you reply to this with "thank you anon", and attach a rare pepe, you'll make it
otherwise, ngmi

[Anonymous No.26365946]

>>26365612
That is pretty bad advice considering how fast crypto moves. Best strategy for a newfag I'd give is buy popular coins in crab season when there's low interest and just hold patiently

[Anonymous No.26365961]

>>26365484
just hold it for a few months you baboon

[Anonymous No.26365971]

>>26365484
>Buy high, sell low
Never change /biz/

[Anonymous No.26366068]

Yeh man maybe just dca into index funds.

If your hands are that weak, don’t mess with crypto.

[Anonymous No.26366121]

>>26365827
Did you miss where I said never sell for a loss?

[Anonymous No.26366161]

>>26366121
But I would have gotten liquidated at 24k or something.

[Anonymous No.26366165]

>Trading
meme. don't buy bitcoin unless you bought during the bear market and you now unload on noobs. the top is in, wait for a complete wreckage crash to $10k and then go balls in and hodl until the next cycle 3 years down the line. it'll go above 100k, then you unload and repeat

[Anonymous No.26366244]

>>26365939
i uh, thanks anon, i drew you a rare pepe, no one has it so it is peak rare, the quality is abysmal, but you can't beat the availability.

[Anonymous No.26366262]

>>26365612
you'd been told shit. It may be one of the hardest.

[Anonymous No.26366263]

>>26365484
No guts no glory Faggot.

[Anonymous No.26366311]

>>26365484
>>26365612
>>26365827
>>26366161
bruh just buy and hold its not that complicated

[Anonymous No.26366372]

>>26366244
>rar pepe.png
mine now

[Anonymous No.26366404]

>>26366165
The current cycle is far from over. We're going to hit 100-200k EOY and then crash back to like 30-50k.

[Anonymous No.26366461]

>>26366165
>nooooooo you can't take advantage of the fact that bitcoin price is a fractal by buying low and selling high on any timeframe shorter than years nooooo you have to hodl the magic beans

[Anonymous No.26366463]

>>26365484
The key to making money is to never sell

[Anonymous No.26366499]

>>26365484
Do you not know how to look at a graph?

Everything said support at $29,000, there were threads on this.

You are a fool and your money doesn't want to hang out with you anymore. You need strong firm hands to hold onto money, you need to cage it and bolt to the basement floor, you need to tie it up and rape it occasionally, you need to gag it so it doesn't notify the neighbors. Once you have fully fucked your hard earned cash will you know when to give it away or choke it till it passes out.

[Anonymous No.26366533]

>>26366244
I made that pepe

[Anonymous No.26366567]

>>26365612
For noobs means you’ll forever stay a noob. You should start learning to buy when it’s been red for a while and sell when it’s green. Also take crypto advises with a grain of salt and develop your own thoughts

[Anonymous No.26366607]

*snap* that’s going in my sellers folder

[Anonymous No.26366639]

>>26366372
awesome, now it's value just dropped by half do to market availability.

[Anonymous No.26366647]

>>26366404
>>26366499
This is what I don't get. How can you "know" these things? I see people here calling shit and being right constantly, but I have no idea how to predict this shit. It feels like fucking guessing to me.

[Anonymous No.26366763]

>>26366647
Here's a simple proof, MACD penetration from last night.

https://charts.cointrader.pro/charts.html?coin=BITCOIN%3AUSD

[Anonymous No.26366862]

>>26366647
Trading is a skill. You need to learn it, don't bother though you're clearly too dense.

[Anonymous No.26366925]

>>26365612
if you're buying breakouts you should be selling at 39k when the breakout fails

not holding all the way to 29k and then selling the bottom

[Anonymous No.26366949]

>>26365612
You got tricked into buying bags

[Anonymous No.26366998]

>>26366862
I don't think I'm too bad. I need practice, but I think I can make it.

[Anonymous No.26367022]

>>26365484
You dumb gorilla nigger.

[Anonymous No.26367046]

>>26366244
Quality Pepe

ygmi

[Anonymous No.26367069]

>>26366998
You just traded a -25% move on margin.

[Anonymous No.26367083]

>>26365612
don't do this.
crypto is filled with fakeouts. even if it reaches the support or whatever there'll be massive liquidations and the price always overshoots.

[Anonymous No.26367097]

>>26365484

do you see what you're doing biz? your pyramid scheme is destroying lives

always argue against crypto
why?
lower the price so you can buy more
dont trick dafties into suicidal trades

if crypto is legit, it will outlast

[Anonymous No.26367139]

>>26365612
>I watched guides that said breakout trading is the safest way to do it if you're a noob.
are you fucking joking?

[Anonymous No.26367149]

>>26365484
An ATH is always just around the corner, it only depends on the speed in which we reach it. The current state of monetary policy in the major economies is like high octane fuel going into the engine. People who bought st the very top of the recent ATH won’t have to wait long at all to be in profit. Worst case scenario a year or two, but no way it’s that far out.

[Anonymous No.26367804]

>>26365484
Stop trying to trade and just invest instead, if you invest then your buy in price doesn't matter.

[Anonymous No.26367969]

>>26365484
you just buy and hold for a long time, it always goes back up sooner or later

[Anonymous No.26368142]

1. Buy when red, sell when green.
2. Never put more then you can loose.
3. /biz/ spreads FUD and rumors to lower prices for themselves.
4. When someone says moon, they mean it won't moon the second they see a flag painted on the charts. They mean long term.
5. The best strategy is buy and hold, hold for year-two etc.
6. Don't give up, but harden your hands, don't shake and don't watch that much charts and ticks.

[Anonymous No.26368670]

>>26365612
the "breakout" was at 20k bro

[Anonymous No.26369744]

>>26365484
A true /biz trade right there. Congratulations you'll fit right in here.

[Anonymous No.26370501]

>>26366161
What the fuck do you mean liquidated, it would go up eventually, even from 24k.

[Anonymous No.26370983]

I bought $2k worth of BTC @ $30,7k today, not selling until it it hits at least $100k. if it tanks. so be it. not selling.