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/biz/ - Business & Finance

File: 304 KB, 496x321, Dr Soros.png [View same] [iqdb] [saucenao] [google]

10035154

Killing the BTC Cannot Fall Below 5,800 Myth Anonymous Mon Jun 25 20:42:12 2018 No.10035154 [Reply] [Original]

There has been a lot of shilling that BTC cannot fall below $5,800 due to institutions wanting it listed on the US futures market and that is the most retarded you could think.
>We know Soros is in crypto
>We know Soros is famous for speculative attacks and bear raids
>Having the floor of BTC be $5,800 opens up CME Group, CBOE and any other organization that would ever want to trade futures open to a speculative attack and a bear raid
>There is also the prisoner's dilemma: If a raid occurs CME group could count on CBOE to keep the price up and do nothing, and vice versa.
These institutions are not retarded. If they get raided they would just cut the futures trading rather than have a Black Wednesday. The $5,800 meme is just HODL with a different reason.

If anything, this would be a great reason to put a order to go short at $5,700 or $5,600, hoping to get a ride on the way down.

>>	Anonymous Mon Jun 25 20:47:16 2018 No.10035221 I read shit on here and reddit everyday and have never seen this 5800 meme shit. kys.

>>	Anonymous Mon Jun 25 20:48:57 2018 No.10035237 >>10035221 you're probably a stupid 25yo boomer with a job and a social life and don't spend all day here like I do faggot, I've seen it

>>	Anonymous Mon Jun 25 20:50:23 2018 No.10035255 >>10035221 It is in almost every bear post today and yesterday. >>10034063 >>10034003 >>10034475 Now, if you are just doing boomer or brap post you won't see this meme all over the place. But I hit the $5,800 meme in the last 3 threads I was in.

>>	Anonymous Mon Jun 25 20:51:08 2018 No.10035259 >>10035221 It hit 5800 a day or two ago faggot

>>	Anonymous Mon Jun 25 20:51:13 2018 No.10035260 >>10035221 >reddit

>>	Anonymous Mon Jun 25 20:53:04 2018 No.10035281 >>10035154 Soros only wants to kill off neet gentiles. SAD!

>>

Anonymous Mon Jun 25 20:53:34 2018 No.10035288
File: 203 KB, 1196x827, 933CBB86-3969-492D-8A06-0BB76CD9A5B3.jpg [View same] [iqdb] [saucenao] [google]

>>10035154
Soros only has 25 billion and of that he’s lost about half. Even if he bought 20 billion worth of btc then dumped it the market would be red for about 5 days then recover. He’s too poor to effect btc long term, best that kike faggot can do is cause little hiccups that are annoying plus the Jew rat is old and will probably die soon from eating too much human flesh.

>>	Anonymous Mon Jun 25 20:54:30 2018 No.10035296 File: 78 KB, 416x454, soytendohouse.jpg [View same] [iqdb] [saucenao] [google] >>10035154 SOROS STOP

>>	Anonymous Mon Jun 25 20:54:38 2018 No.10035299 >>10035154 I personally believe the floor is going to be around 4k. I think that's when all the banks got in. That would be the time to get in imo. No position

>>

Anonymous Mon Jun 25 20:58:38 2018 No.10035326

>>10035288
The paper on tether manipulation and bitfinex makes it clear that you only need to be active on less than 1% of the trading hours to have a drastic effect on the price of crypto.
>https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066
If there was going to be a currency attack it would happen now, closer to $5,800. Maybe what we have been seeing the last few days is the currency attack happening.

>>	Anonymous Mon Jun 25 22:25:39 2018 No.10036090 >>10035288 It's called Kuru and Hilary Clinton has it. It's deadly for sure, but it's a long long process of death.

>>

Anonymous Mon Jun 25 22:29:00 2018 No.10036114
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>>10035154
3 things
1.stop using WE - you don't represent anyone or can speak for anyone here.
2.you faggot simply don't know shit.
3.big boys are in and they're paving the road for institution money with 50k BTC run end of this year

>now go away faget

>>	Anonymous Mon Jun 25 22:37:49 2018 No.10036187 >>10035154 Lol its a real thing, the bitcoin future markets have to have $100 billion market cap. $5800 is the bottom, just waiting for some kind of cataylst now to run for 10k, then a small dip to 8k and then 30k by December.

>>

Anonymous Tue Jun 26 00:27:12 2018 No.10037014

>>10036114
1. "We" was used for easily verifiable facts, not opinion. Using "we know" for facts is a lot different than using "we know" for opinion as using "we" for opinion creates a false sense of unity.
2. Bruh I have been here long enough that calling me faget has no affect. Further that, I am sure I do know some shit.
3.) I see a case for $50k btc sometime within the next year, but that does not mean WE might not make money going short as swing traders, if we have the skill and risk appetite.