/biz/ - Business & Finance

>>5279909
>corecucks are still claiming that "there will be a dump"
It's impossible for these ultrawhales heavily invested in BCH to dump even 3% of their combined BCH over 24 hours without causing the price to plummet, destroying the value of their remaining 97%.

"It's a pump and dump" makes zero amount of sense. Idk if you're dumb or arguing dishonestly, but in either case you're an oxygen thief.

>>4929012
>It's another "he doesn't understand how marketcap works" episode.
It's okay, it happens to a lot of people.

Quick simplified extreme situation example to show you how it actually works:
Marketcap is amount of coins multiplied by current price of coins. For example, if you multiply the amount of bitcoins with the price of bitcoin, that's the bitcoin marketcap.
Current prince of coins is what it was traded for on average over a span stretching a short time into the past.

Let's say a coin has 5000 coins and it's trading at 2 USD per coin. That's 10 000 marketcap.
Let's say the next day, the only people willing to sell the coin sell a total of 6 coins for 40USD and there are 6 buyers who buy at that price.
Now the marketcap is 5000 times 40USD = 200 000
6 coins for 40USD is 240USD

So it cost a total of 240 USD to increase a 10 000 marketcap coin to 200 000 marketcap.
It is clear then that the purchasing pressure required to raise a coin's price is mainly affected by the value of the volume / selling supply, not the total value of all the coins of the currency.

>>4913739
Do you have connections? Do you know the whales who are betting on BCH long term? What's the plan peter pan?

If you can't answer this you're a minidolphin at best.

>>4735802
>>4737247
>It's another "he doesn't understand how marketcap works" episode.
It's okay, it happens to a lot of people.
Note:
Coins that are lost, that is coins that are "out of circulation" don't count towards total marketcap.

Quick simplified extreme situation example to show you how it actually works:
Marketcap is amount of coins multiplied by current price of coins. For example, if you multiply the amount of bitcoins with the price of bitcoin, that's the bitcoin marketcap.
Current prince of coins is what it was traded for on average over a span stretching a short time into the past.

Let's say a coin has 5000 coins and it's trading at 2 USD per coin. That's 10 000 marketcap.
Let's say the next day, the only people willing to sell the coin sell a total of 6 coins for 40USD and there are 6 buyers who buy at that price.
Now the marketcap is 5000 times 40USD = 200 000
6 coins for 40USD is 240USD

So it cost a total of 240 USD to increase a 10 000 marketcap coin to 200 000 marketcap.
It is clear then that the purchasing pressure required to raise a coin's price is mainly affected by the value of the volume / selling supply, not the total value of all the coins of the currency.

>>4646762
>>4646631
>It's another "he doesn't understand how marketcap works" episode.
It's okay, it happens to a lot of people.

Quick simplified extreme situation example to show you how it actually works:
Marketcap is amount of coins multiplied by current price of coins. For example, if you multiply the amount of bitcoins with the price of bitcoin, that's the bitcoin marketcap.
Current prince of coins is what it was traded for on average over a span stretching a short time into the past.

Let's say a coin has 5000 coins and it's trading at 2 USD per coin. That's 10 000 marketcap.
Let's say the next day, the only people willing to sell the coin sell a total of 6 coins for 40USD and there are 6 buyers who buy at that price.
Now the marketcap is 5000 times 40USD = 200 000
6 coins for 40USD is 240USD

So it cost a total of 240 USD to increase a 10 000 marketcap coin to 200 000 marketcap.
It is clear then that the purchasing pressure required to raise a coin's price is mainly affected by the value of the volume / selling supply, not the total value of all the coins of the currency.

>>4621524
>It's another "he doesn't understand how marketcap works" episode.
It's okay, it happens to a lot of people.

Quick simplified extreme situation example to show you how it actually works:
Marketcap is amount of coins multiplied by current price of coins. For example, if you multiply the amount of bitcoins with the price of bitcoin, that's the bitcoin marketcap.
Current prince of coins is what it was traded for on average over a span stretching a short time into the past.

Let's say a coin has 5000 coins and it's trading at 2 USD per coin. That's 10 000 marketcap.
Let's say the next day, the only people willing to sell the coin sell a total of 6 coins for 40USD and there are 6 buyers who buy at that price.
Now the marketcap is 5000 times 40USD = 200 000
6 coins for 40USD is 240USD

So it cost a total of 240 USD to increase a 10 000 marketcap coin to 200 000 marketcap.
It is clear then that the purchasing pressure required to raise a coin's price is mainly affected by the value of the volume / selling supply, not the total value of all the coins of the currency.

>>4619617
>SEVENTEEN BILLION dollars moved in from 3k back up to over 4k. Not even 100m usd worth of tethers were issued in that period.
>It's another "he doesn't understand how marketcap works" episode.
It's okay, it happens to a lot of people.

Quick simplified extreme situation example to show you how it actually works.


Marketcap is amount of coins multiplied by current price of coins. For example, if you multiply the amount of bitcoins with the price of bitcoin, that's the bitcoin marketcap.

Current prince of coins is what it was traded for on average over a span stretching a short time into the past.

Let's say a coin has 5000 coins and it's trading at 2 USD per coin. That's 10 000 marketcap.

Let's say the next day, the only people willing to sell the coin sell a total of 6 coins for 40USD and there are 6 buyers who buy at that price.

Now the marketcap is 5000 times 40USD = 200 000

6 coins for 40USD is 240USD

So it cost a total of 240 USD to increase a 10 000 marketcap coin to 200 000 marketcap.

It is clear then that the purchasing pressure required to raise a coin's price is mainly affected by the value of the volume / selling supply, not the total value of all the coins of the currency.

>>4535009
>) /biz/ is borderline pleb-tier and doesn't own nearly enough market cap to cause a dent in any major crypto space. so your efforts are a waste.

I used to believe this, but I have seen some really spooky posts over the lasts 2 months that implied knowledge of things that would happen down to the half hour that could only be known through being or knowing hyperwhales.

I know Vitalik visits biz sometimes, he meme arrows. Pretty sure Roger Ver visits biz too. The massive organized psy-ops from BTC are also strange if biz doesn't matter.

There are unannounced elder gods among us, I used to think it wasn't the case, but I have seen too many strange things to still doubt.

I shiver at the thought.

>>4499201
YOU SHALL SEE IN TIME

>>4442340
Yes... a multibillion dollar pump and dump that resulted in a stable price 2x of what it was before it shot up, and without any real posibility that the big dicks behind it could have dumped even 5% of their BCH holdings without crashing the price to sub-600.

Makes sense.

>>4322351
lol noob thinks whales were just sitting back in this shit

>>4315917
Holy fuck that was a strong ass dump

whales are at play here

>>4295745
Fear not children, I shall protect you in such an eventuality.

>>4293305
I'll keep the floor at least wherever the fuck I want it. Summon me if it's below 0.10 in the next 24 hours.

>>4293219
I AM THE BITCOIN CASH WHALE.

And I have no fucking idea what you're talking about bub.

>>4293038
I AM THE CASH WHALE. There shall be no crash of the CASH.

If it is ever threatened, call out "CASH WHALE CASH WHALE STOP THE CRASH WHALE" and I shall awaken

>>4292934
I AM THE CASH WHALE PROTECTOR OF BITCOIN CASH. You shall not crash the cash.

>>4292927
FEAR NOT FOR I AM THE CASH WHALE. I am the protector of Bitcoin Cash and ensuring a peaceful rise.

You only need call me if the price is ever in danger. Simply say:
"CASH WHALE CASH WHALE STOP THE CRASH WHALE!"

>>4292200

I am the Cash Whale. I am the protector of Bitcoin Cash. If you ever fear a drop, simply summon me, and I shall appear.

Fear not, for the rise of Bitcoin Cash shall continue under my watchful guise.