/biz/ - Business & Finance

>>13689996
>PINK ID
what did he mean by this?

Someone just made a lot of money

Normies and a market sell button

>>13690054
>pink id AGAIN
what did he mean by this?

Someone fucked up pretty big, or someone just moved in advance, skeeedo.

>>13690086
Advance
>Tether news today

>>13690079
Wtf is kek up to here. Anyway you should swap something or things are going to be really bad

>>13690080
You're stupid, normies don't hold that many cones This was a whale or an exchange saying goodbye forever.

a necessary gap being filled.

>>13689996
NOOOOOOOOOOOOOOOOOOO WHAT THE FUCK IS GOING ON I BOUGHT AT 8K

>>13689996
This is the product of manipulation, exchanges buying up bitcoin to squeeze shorts then dump at the peak

Someone explain in RETARD terms what happened

What happened

May 21

>>13690383
many bitcoins were sold in a short period of time

>>13690464
No give me an overview of the entire 30 mins in detail
15 prior to the 15 it started dumping, and the 15 while dumping

That was me being liquidated and getting really fucking mad.

>>13690515
it's literally what happened. some faggot with a ton of btc market sold a huge stack. the order book dried up and quickly plunged. the end.

>>13689996
An over leveraged market.

>>13690341
bingo

>>13690566
Yeah but that's not an explanation

I need IN DETAIL what happened

>>13690590
a bunch of 1's and 0's in a certain sequence

>>13689996
Prophecy

>>13690720
no now more in the middle

>>13690590
Yeah but that's not a request

I need IN DETAIL what you want

>>13690779
Just explain it if you don't mind, in detail
I guess it would take at least 2 paragraphs to explain what exactly happened and the different people responding to it happening just then all in real time

>>13690803
Dude are you like 11 how did you even figure out how to buy crypto

>>13690835
t. Can't explain it
Didn't you buy 2017 at like 16k or something?

>>13690590
just look at the CHART

>>13690899
t. Can't explain it

>>13690860
Nope wrong again

>>13690731
Im sick of the image this one parodys also, but satire needs a tell or else you actually look this stupid.

>>13690905
youre retarded. whale market sold a lot of btc. sell order books were too thin to absorb all those sells. Slippage occured causing the price to dump. Dump then triggered trading algos and stop losses further exacerbating the issue. the end

>>13690945
meant buy order books

>>13690921
They're not trying to be satire they're trying to be taken seriously about their stupid shit and that's why any if the "Cash" variants are so cringey. Like a DogeCoin that doesn't realize it's a DogeCoin.

>>13690945
Not really explaining it
That's a basic gist
Any retard already knew that

>>13691007
clearly you didnt if you couldnt even tell us yourself.

>>13691017
No I asked for an EXPLANATION of everything that occurred 15 prior to the dump which lasted approx 15 minutes including an explanation of different people involved such as the orders being on exchanges bitmex uses for index price causing the bitmex price to also dump dramatically and an explanation of who would gain from the trade

You said "look at da chart reeetard hurr" which isn't an explanation, is it? faggot

>>13691050
On the one hand I appreciate your relentless autism, but on the other hand youre the most fucking annoying person on this board right now

>>13691050
stfu u nigger you want to know what has happening 15 minutes before the dump? retarded autists on 4chin was larping about how chainlink would make them rich or how creg satoj will unleash the vishnu on the blockchain. 15 minutes during teh dump it was literally one turbo autist who wanted to gtfo and market dump his gay butt coin into an illiquid market. You must be a turbo retard too since kraken wouldve only accounted for 33% of xbt regardless of its removal or not

you're a fucking short nigger

>>13691142
How? I asked for an explanation of something and instead got "hur look at da chart r u retard????? broo haha u retard"

How? I'm asking a simple question out of interest and someone interested would explain it because people like to explain things they're interested in

In other words: The fucking faggots replying to me are the retards and can't explain shit

>>13690590
I need you to explain in detail what how you want that information presented.
powerpoint?
video?
frog memes?
morse code?
ham radio?

>>13691157
because youre a retarded faggot who thinks the simplest answers arent real and you're looking for some retarded conspiracy like it was teh jews trying to steal your tendie money and was coordinating this with smiling black man all to spite you

>>13691184
No you didn't
You said "look at da chart people sold da bitcorn bro"
Is that an explanation?

>>13691187
The utter state of this projection and cope
You can't explain what happened can you? Go trade your fucking shitcoins and shut up

>>13691223
yes it's an explanation because that's what literally happened you moron. there were more sellers than buyers that's why price went down. WOW ITS LIKE THIS WAS ON A MARKET OR SOMETHING

>>13691245
You can't explain what happened in detail because you're a retard and trying to cover it by "durrrr isnt it obvious ppl sold da bitcorn!!!!!!!!!!!!!!!!!!!! look da price went down down down"

Pretty funny really

>>13691266
10/10 bait

>>13691266
alright fine you got me. The real reason why btc dumped like that was 15 minutes before, sergey talked to the bogs about how chainlink wasn't getting enough traction, so the Bogs contacted Soros to market sell 0.05% of his stack to cause the 4chinners to panick while the jews gained power from the collective cries of the liquidated. This powered the arthur hay's engine causing a massive slowdown on mex while he saved crypto buy literally buying the bottom.

>>13691274
I'm not baiting at all.

>Ask for an explanation of something
>Specifically go on to state an explanation of what happened (roughly speaking, doesn't have to be concrete) in the 15 minutes prior to the dump and during the dump which lasted 10-15 minutes
>Hoping to at least hear a decent explanation of what x would stand to gain from the obviously manip dump that someone clearly put some effort into planning and executing
>Ask for an explanation of this thinking someone interested would provide an explanation that goes in to more detail than:
THE BITCOIN WENT DOWN IN PRICE BECAUSE SOMEONE SOLD SOME LOOK AT THE CHART ARE YOU RETARDED??? DUHHH"

this board is dead lmao

>>13691309
because nobody knows you idiot. The only people that actually know are the people that were involved and they sure wont tell you

>>13691327
Stop replying to me faggot

>>13691332
then admit that youre being a retard by asking retarded questions

>>13691336
How is it a retarded question? You're just a stupid cunt and don't know and now are trying to COPE by acting like I'm asking for some grand masterplan laid out in front of me of EXACTLY what went down while also strawmanning me saying I "just want someoen to say its da joos"

You're a stupid faggot and have contributed nothing to the discussion at all in any way whatsoever. Why are you even here?

>>13691266
Its literally what happened....someone sold a lot, orderbook was to thin to absorb the dump....he/they probably sold/shorted into their leveraged limit order....thats how an iliguid market infested with whales work...

>>13691360
because retarded people like you need to be put in their place. you reject answers because it doesn't fit with your narrative which is the most retarded thing anyone can do. the irony of calling me stupid rofl

>"What happened guys? Why did the price just dump in 5 minutes from 7800 to 6100. Can you explain to me in some detail what happened if possible?"
.....................
>"The price went down because someone sold r u retard look at chart hahah u stupid idiot"

>>13691376
Retard

>>13689996
Should I buy in right now or will it dump even further?

>>13691396
Million dorrar question

>>13691389
what the fuck? do you not understand the concept of illiquidity? thin order books? Market sells?
FFS
>mfw I want to sell 10 butcoin at 8k
>3 Butcoin offers at 8k but 7 butcoin offers at 7k
>mfw im a retard and I market sell
>sold 10 butcoin for 73.000 avg instead of 80k
>next bid for butcoin is now at 7k cause I cleared the orderbook

HURR WHY DID BUTCOIN DROP 1K IN PRICE GUIZ??

NO SHIT THE PRICE WENT DOWN YOU FUCKING TROGLODYTE I WOULDN'T BE ASKING THE FUCKINGGGGGGG QUESTION AT ALL TO BEGIN WITH IF THE FUCKING PRICE DIDN'T JUST DUMPPPPP UNDER QUITE SKETCHY CIRCUMSTANCE GIVEN THE CURRENT MARKET CAUSING ME TO ASK FOR AN EXPLANATION IN YOUR OWN WORDS OR YOUR OWN THOUGHTS OF WHAT HAPPENED TO CAUSE THIS SUDDEN MOVEMENT AND INSTEAD WAS MET WITH................................... "THE CANDLE WAS RED"

Lmao I'm going to take all of your money in the coming months

>>13691439
You are fucking braindead
Keep trading

>>13691452
and yet you havent even offered me once what your excuse for the dump is

>>13691452
Nice projection there. This is unironically what a sub 90 IQ looks like.

>>13691452
> imagine not knowing what a wick is
damn normies really came fast didn't they

>>13691465
>"How does an engine work?"
........................
>"You press your foot on pedal and drive are you retarded"
........................
>"How does a plane stay in the air?"
...........................
>"There is a man in the cabin flying it"
......................
>"How does a heart work?"
..............................
>"It pumps blood around your body"

>this thread

>>13691492
Imagine being 90 IQ and being you

>>13690318
Lol me too. Bogged again.

>>13691309
You gave me nice laugh, anon. Please keep going.

>>13690069

Eh I don’t know about that. Why would anyone market sell that much when you can spread your sell orders over a few days and literally make a fuck ton more money.

This looks like a boomer fucked up again. Kudos to those with low buys tho.

>>13691509
even 90 IQ niggers understand chart pattern faggot
gtfo if you don't even understand Op's chart

>>13690383
Longs went 90% miners where waiting to use binance to dump the coins they had mined when the hack happended, lots of bitcoins where on binance sent over by miners to sell to cover costs, old coins plus new coins need to be sold to pay bills, becuase miners new this was coming, i.e shorts where 80% before the hack, they then waited for longs to go above 70% then sold and collected the long cash also. We are all in this together, its easy MONEY... ill not say the people, but a hint is, bixmax, binance and a sable coin which starts with a T.

HOLY FUCK GUYS. AN EXPLANATION HAS NEVER FLOWN OVER MY HOUSE

>>13691572
Thanks anon

>>13691572
How does all this affect my everyday life. A brainlet poorfag who bought some eth at 150

>>13691625
Well at some point they will need more money so will pump the price above 20k again, it depends if you are after money now i.e a day trader or down the road say 5 - 10 years. If u dont need the money now then it wont effect you will it, the issue is some people fomo life savings, not just into crypto but most things and panic.

>this whole thread

>>13689996
Looks characteristic of a bottom during a mass sell off. This might mean the bottom of this correction is in?

>>13691548
>long at 6300
>dump it to 6300
>order filled
>price back at 7400
>instant profit