/biz/ - Business & Finance

$9.98 EOY

Why the fuck do I see you faggots posting 12k charts for BTC every single time we get 2 green days in a row? Cant fucking stand crypto twitter.
Altcoin bagholders are almost as bad. Many seem insistent that their alt will out perform the market and not follow btc. What is this fucking delusion?

so can someone answer me why this happens no matter how many times?

>>10811845


Because 3k was huge resistance. its where we grew to before we went parabolic. it was the last movement before mom and pop, grandmothers and normies invested. 3k caused an epic 50% crash last august, and we all though it was over.

took 2.5 years to reach 3k from 200 bucks but only tok 10 weeks reach 20k from 3k.

it is the return to mean.
Btw, fuck ETF. ETF is what will cause the crash along with baakt. its just a pump and dump tool by whales and wallstreet now to accumulate form everyones sad ass. we went from $0.003 to $20,000 with no ETF, give me a fucking break.

>>10802505

Bitmex and just tethering. But just encase you are thinking about doing the same:

margin trading BTC is a no go for now unless you know wtf you are doing. I only do 1 trade a week now. used to do 5 on average.
Too many noobs have started margin trading, whales are taking advantage and miking them dry with crazy bullshit. they dont use stops properly, cant find an entry and basically just sharks best thing ever.

If you have no experience, now is not the time to learn it with your real money. you will get fucked by them. My only trades in 13 days were a long at 5890 and a short last night at 7147. I have seen countless noobs in my trading groups who have done about 30 trades in this time and get so rekt.

>>10596194


Im giving you information as much as possible without spoon feeding you faggots. FUCK. Go look a those coin charts on the weekly and you will understand. they are not arbitrary.

Link is just the risky moonshot. otherwise there would be no new alts in that list.
BTC is going down to 3k, alts will not survive. there is NO BULLISH scenario for alts now unless devs exit pump them. the rally was this week, i warned you all week.

>>10439333

unironically yes. we can make very easy assumptions about that. in fact, i was watching the order book to try confirm that. 90% of the trades are happening rapid fire between the spread price, completely inaccessible to traders. nothing little is being filled on the books. this is unproductive volume.