/biz/ - Business & Finance

>>13581212

it could unironically be it, but its not.

>>13581212
i forgot to buy more coins

Not even 2017 runs were this fishy and that's saying something.

Someone is having a lot of trouble unloading his bags

yes. buy the top... I mean it's not the top, just buy!

>>13581212
Yes it was foretold >

>>13581234
what does that mean

>>13581242
means people are getting rid of tether by trading it for btc. once they get rid or the scamcoin, bitcoin will take a big fat dump

I doubt it.
Bitcoin is punching into new highs but the market cap isn't going up with the price.
If you look at the market cap excluding Bitcoin it's looking like crap.
There's something really fucky going on with this market and I don't trust this climb at all. There's not enough new money flowing into this.
It's probably just people selling their alts for Bitcoin and then some group of whales jacking up the price. Or maybe it's caused by people exiting Tether which is pumping it or something.
Which ever the case the market caps look way off to me for this to be a legit bullrun.

>>13581212
If it hits 6500 we might have to strap in

>>13581262
it's because this is a fake rally. the market cap doesn't increase because money that is already parked in crypto (*ahem* tether *ahem*) is used to pump the price. ask yourself who could have hold so much tether to pump btc so much... hmm

>>13581280
Yeah but anyway, if they ended up breaking like 11k, we are on a bullrun no matter what, probably a big retrace to 6 again

>>13581212
it's entirely possible

>>13581280
Pic related is the exchanges Tether amounts. Considering the Bitfinex debacle might screw up Tether entirely and collapse it's value, these guys are involved without a doubt.
This pump could just be a massive exit scam from Tether.

>>13581315
But it has to be able to stay up there. It can't keep up without an ever growing injection of new money.
Otherwise the only way for us to get up there is to basically pump all of the money from alts into Bitcoin, which is what's currently happening. It's not sustainable and will retrace like a motherfucker when this drops. I wouldn't be surprised at all to see this retest the 3k low or punch even lower.

>>13581259
>once they get rid or the scamcoin, bitcoin will take a big fat dump

They wont be doing that though. They are more likely to just sit in BTC at this point.

>>13581379
LMFAO! Stupid fucking bears!

>>13581239
This guy predicted the correct timeline. Strong buy.

>>13581212
Yes.

>>13581212
>No dips, no corrections?

>>13581212
>$89,000
you mean $89,00?

>>13581518
>

>>13581518

>>13581262
You can't even read your own charts? The reason total market cap is flat when you exclude btc is b/c btc drives all the growth you retard!

>>13581612
I pointed out that the Bitcoin market cap isn't going up with the price and alts are bleeding. Not sure where you can see a chart reading error with that. Feel free to elaborate.
Yes Bitcoin is the engine that drives the growth, but in a proper bull market there's money flowing into the alts and into Bitcoin simultaneously.
What we have now is Bitcoin market cap practically stagnant ever since the first leg up and alts bleeding into it.
There's no proper growth in either of them. This hike is manipulated as hell and will tank hard if the situation doesn't change radically pretty fucking quickly.