/biz/ - Business & Finance

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Anonymous Tue Jul 24 09:19:07 2018 No.10398298 [Reply] [Original]

The only thong fueling this pump is alt coins being traded for btc.
No new money.
All the resistences below 9k are tiny comlared to above. This altcoin fuel wont be enough to power it.
People on biz think ETF isnt getting priced in by the crypto community right now lol

>muh golden bullrun

>>	Anonymous Tue Jul 24 09:20:31 2018 No.10398313 Threads where people boast about sums being invested speak otherwise. Laughable amounts of fresh faced soon-to-be trauma sufferers.

>>	Anonymous Tue Jul 24 09:22:32 2018 No.10398347 >>10398313 >what are larps

>>	Anonymous Tue Jul 24 09:24:03 2018 No.10398365 File: 7 KB, 250x196, 1522072583900.jpg [View same] [iqdb] [saucenao] [google] >MarketCap 30 Billion up in one week. >No new Money

>>	Anonymous Tue Jul 24 09:26:47 2018 No.10398398 >>10398298 Is it the ETF or altcoins? At least be consistent with your delusional rationalization.

Anonymous Tue Jul 24 09:30:36 2018 No.10398440
File: 24 KB, 466x490, 1DA742E1-F605-4E8C-8A29-EBD8EDD9B4F5.png [View same] [iqdb] [saucenao] [google]

>>10398365

The absolute fucking state...

Mcap has low correlation with new money.
Its still in the range. You know that we were at 300b whwn btc was 6900 right? Its lower right now. Even if you want to use that meme it makes no fucking sense.

No new money. Alts selling is powering it.

>>	Anonymous Tue Jul 24 09:32:11 2018 No.10398461 >>10398365 >And another victim of the market cap meme

>>	Anonymous Tue Jul 24 09:33:43 2018 No.10398482 >>10398461 Lol that anon... this is the kind of fag who is saying we are bull and going to 10k or 50k.

>>	Anonymous Tue Jul 24 09:39:14 2018 No.10398546 >>10398347 >I'm sceptical therefore smart It's the retards way to sound smart

>>	Anonymous Tue Jul 24 09:40:57 2018 No.10398561 >>10398298 >the only thong kek

>>	Anonymous Tue Jul 24 09:43:32 2018 No.10398601 >>10398482 Wtf, are seriously retarded or just shizophrenic with voices which tell you how to falsly imply other peoples sentences

>>	Anonymous Tue Jul 24 09:45:23 2018 No.10398616 Alt coins selling into BTC have no bearing on the BTC spot price you fucking retard.

>>	Anonymous Tue Jul 24 09:46:49 2018 No.10398633 >>10398616 >THE ABSOLUTE STATE OF BIZ

>>	Anonymous Tue Jul 24 09:48:10 2018 No.10398651 >>10398633 Explain how they do. When you sell ADA to BTC, how exactly does that increase the spot price?

Anonymous Tue Jul 24 09:51:02 2018 No.10398685

>>10398298
If people are trading alts for btc the only way for them to pump BTC's price would be for them to go alt -> tether -> BTC. Why would they do this instead of alt to -> BTC. I also don't see any increased activity in the tether/alt pairings so it's unlikely alts are pumping BTC.

>>	Anonymous Tue Jul 24 09:55:13 2018 No.10398737 >>10398685 Dude don't even bother. They just call you stupid without explaining how this happens.

>>	Anonymous Tue Jul 24 10:51:55 2018 No.10399398 alt selling put the foundations for btc pump. when u sell alt you fill a btc buy order and when massive buy order pops you know what happen?

>>	Anonymous Tue Jul 24 11:57:25 2018 No.10400085 >>10398298 You're a retard OP, we're practically at 300bn market cap again

>>	Anonymous Tue Jul 24 12:11:42 2018 No.10400237 >>10398298 Correct. No new money. Anyone not seeing this is dumb

>>	Anonymous Tue Jul 24 12:15:39 2018 No.10400278 This is just the old same circle jerk community shifting their folios because they expect retardedly that ETFs will be approve and billions of dollars will flow in that day. That's total bulcrap, ETFs won't be open since 2019 probably...

>>	Anonymous Tue Jul 24 12:17:16 2018 No.10400291 >>10400237 no new money and we are up this much?that means it will be up a lot more when actual new money fomos in....lol

>>	Anonymous Tue Jul 24 12:22:51 2018 No.10400348 File: 185 KB, 773x823, 1530745286036.png [View same] [iqdb] [saucenao] [google] shit coins money is not enought

>>	Anonymous Tue Jul 24 12:23:56 2018 No.10400360 Pajeets cashing in for 10k caused this kek

>>	Anonymous Tue Jul 24 12:26:47 2018 No.10400389 >>10398651 Well because altcoin buyers compete with fiat buyers for BTC supply. Which automatically disqualifies said buying activity cuz altcoiners blo amirite?

>>	Anonymous Tue Jul 24 12:28:33 2018 No.10400405 File: 75 KB, 1204x510, Screen Shot 2018-07-24 at 9.24.30 AM.png [View same] [iqdb] [saucenao] [google] >>10400237 >sell guys I'm tired of losing money from shorting

>>	Anonymous Tue Jul 24 12:29:00 2018 No.10400412 >>10400389 exactly. its a case of supply and demand supply for BTC goes up = less btc to go around BTC demands a higher price

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