/biz/ - Business & Finance

>>9246876
Aye, fuckface, listen up.

The whole market is setup with 3 major types. Whales, Fuckheads, and Traders. The whales pump the the price over time, when the price jumps fuckheads fomo into the spike helping it go vertical while the traders try to ride the waves. Because the price is pumped up bullshit its volatile as fuck. Thats why all the heavy swings. The market is rejecting the price. But the whales ar fat enough to keep playing volleyball and the fuckheads are dumb enough to keep getting in and out. Eventually the price gets so dumb and volotile that the whales cant keep it up. As the price gets higher fuckheads get trigger happy. So when the price can't be held up by the whales anymore they dump, red lines fill the screen and fuckheads dump like the boston tea party. This causes the red lines to continue which causes more dumping and the whole market dives until it hits the bottom which is where all the traders and whales start buying back in. The fuckhead pool loses a ton of its membership as the weak handed fucks lose all there money to the traders and whales. This is replaced buy a new set of gold rush chasing fuckheads who think they are going to get it right and get in while its low.

Then the whole process starts over again.

>>8232553
>We are currently watching a rather exciting free-fall from BTC's ATH of neary $20k down below $10k on its way to... $1k?
Christ, another newfag shitting up /biz/ with his springtime faggotry. If I had a nickel for everytime a crypto went down and some nobody shitfuck declared it the end times were fucking neigh i would be fucking 11's in my manhattan penthouse right now.

Please fuck off.

P.S.
Also holy fuck the fedora tipping faggotry in your post. Just eye scanning it gives me full body cringe.

>looks around
>oh market must be down again
>i mean ahhhhh crypto is dead and stuff...ahhh

>>8032879
JNTLmen in the hizouse

>>7932228
Its just a /biz/ meme. It started out a pajeets shilling link as per /biz/ usual. But then all the 17-23 yo's thought it would be funny to make it a may may and shill it hard like it was the most glorious thing ever (when they weren't playing cod on moms xbox). This all started with comfy threads which turned into meme chart threads which branched into $1000 by EOY threads etc etc.

Truthfully no one on /biz/ actually owns any of the stuff. The whole purpose is to sucker newfags into buying it and then laughing at their misfortune. Its the /biz equivalent of fingerboxes, like whatever, freezing the price of your bitcoin, etc. The modus operandi is to attack anyone who talks shit as a fud'er or to bring up meme stats or whatever to make it look like its not shit.

Now its gone even farther where the overweight neckbeard that made it sergey is now a meme. And recently its gone even farther where his blue plaid kmart shirt is now a meme.

Stay away from it.