/biz/ - Business & Finance

>>15640580
RIP

>>15640587
Its over bro

>>15640580
The fact that he sold a lot isn't too important, but the sell was fucking awful because he dumped his entire stash at once. The level of liquidity is literally at the shitter right now, that's why we dumped about 300 USD in less than a minute.

>>15640580
can you even count
it says 8k not 100k

>>15640612
What makes you think it was his whole stash?

>>15640580
this wasn't even the main sell off
a much bigger dump is coming sometime in the next days

>>15640622
>across
can you read? do you really thing someone would dump 100k on one exchange?
hahahahahahahahahaha

>>15640622
across different exchanged

>>15640612
why would someone dump that fast? i would try to get as much money as i can..but i guess with how much he as it doesnt even matter

>>15640633
That's just an assumption. My point is that if roughly 8k BTC can leave a fast huge dent what will happen once Kleiman does the same?

>>15640580
Sauce?

>>15640644
I doubt it was 100k, there isn't nearly enough liquidity to support such a dump.

Congrats to the new billionaire, at least. Should've hodl, but a cool bil is still enough to live comfortably with until the singularity.

If we ignore the obvious fact that CSW doesn't even control any coins, I don't see what's so scary about a 500k bitcoin dump.

Link had 12.6 million coins dumped out of a billion total supply (700000 x 18), and it only went from like $4.45 to $2 directly due to those dumps.

500k coins out of a potential 21 million is not even double the percentage of the dumped Link tokens based on the total supply of each respective coin. This is not even considering 3-4 million bitcoins are supposedly lost, and the entire 21 million silly hasn't even been mined yet.

I don't see how a 500k dump will have any permanent effect, unless you believe a shitcoin like Link has more liquidity than the king coin itself.

Bitcoin already dumped from 20k all the way down to 3k, and no permanent effect seems to have come from that, we're back up here at 9-10k again.

>>15640779
Fuck this dead piece of shit slow ass grandpa coin. It needs to die so that alts can pump.

>>15640653
Forgot to link the post I was replying to here >>15640779

>>15640779
this.

pffft, permanent effect, someone bought them didn't they

>>15640580
What a fucking boss.

lol this is the end believe it or not.
its clearly over, just accept it

>>15640790
1. That's not how it works shitcoiner.
BTC dies = crypto market dies
2. Have you been living under a rock? Alts have been pumping for like a week straight now. Lots of coins are 30+% up, even higher.

Unless you're hoping to break even from some shitcoin you bought last year and are 95% down on, in which case, my condolences.

>>15640779
You are not accounting for the cascade effect. Kleiman selling 500k is one thing, but people reacting to those endless sells is something a lot different. A quick look at Bittrex USDT market shows liquidity of roughly 100k BTC down to 8,7k USD. The next steps of liquidity are unknown and could easily get thinner and thinner once the entire market reacts to that single 100k BTC sell event. Multiply that by 5 and you get an estimate of the real shitstorm crypto will be once the 500k BTC sell is completed.

In other words you wouldn't find yourself catching knives, you would literally be catching sulfuric acid rain.

>>15640651
Giant whale signal.

https://www.youtube.com/watch?v=-hlN2nel5HI

>>15640844
You didn't even address my point though, which was based on actual math on the total supply, actual comparable percentages of a real dump that actually occurred.

Your reply is just pure speculation instead.

You didn't answer my main point either:
you are implying a shitcoin like Link has more liquidity than bitcoin itself.

Are you a Linkie?

I lent my 10 BTC to "institutional" margin traders to short for 6.2% a year
a...am I going to make it b..bros?

>>15640653
craig doesn’t have 1 million bitcoin jesus christ get it into your thick skulls already

>>15640814
the market exists as long as there's the need for crypto you dumb faggot

>>15640881
First of all I'm not talking about Link, just BTC and second, you are talking just about numbers, which is retarded. You think fucking Binance is going to put a giant 5000 Billion USD buy order to absorb the entire shitfest Kleiman will initiate? I guarantee you that half exchanges will be out for maintenance when the time comes to avoid getting their orderbooks cleaned down to zero dollars.

>>15640906
He does.

>>15640946
cringe and retard pilled

>>15640949
Well, he still does though.

>>15640936
*5 Billion USD.

>>15640957
never provided any proof whatsoever why claiming shit for years
gtfo that fairy tale has long past any sensible debate

>>15640814
"If Wright Bros inc, dies the whole airline industry dies!!!" COPE, 100% Link here, short BTC

>>15640936
>you are talking just about numbers, which is retarded.
No, I am talking about percentages of the total supply, and actual dumps that have actually happened.

A shitcoin like Link can absorb 1.26% of the entire supply being dumped, and the price only went down half.

And yet you think King bitcoin can't take 2.38% of the supply being dumped?
A coin that has rebounded almost triple after dumping from 20k to 3k?

That's what's retarded.

>You think fucking Binance is going to put a giant 5000 Billion USD buy order to absorb the entire shitfest Kleiman will initiate?
No, that's fucking stupid, why would anyone exchange put in orders?

But you underestimate how many traders regret missing the bottom at $3k and are waiting to buy down there. That might even be the dip that institutional money has been waiting for to get in... one can only hope, but we all know Creg doesn't actually have any coins.

>>15640936
>you are talking just about numbers, which is retarded.
No, I am talking about percentages of the total supply, and actual dumps that have actually happened.

A shitcoin like Link can absorb 1.26% of the entire supply being dumped, and the price only went down half.

And yet you think King bitcoin can't take 2.38% of the supply being dumped?
A coin that has rebounded almost triple after dumping from 20k to 3k?

That's what's retarded.

>You think fucking Binance is going to put a giant 5000 Billion USD buy order to absorb the entire shitfest Kleiman will initiate?
No, that's fucking stupid, why would an exchange itself put in orders?

But you underestimate how many traders regret missing the bottom at $3k and are waiting to buy down there. That might even be the dip that institutional money has been waiting for to get in... one can only hope, but we all know Creg doesn't actually have any coins.

>>15640910
>>15641031
No retards, if bitcoin dies, then crypto loses credibility. Because if the top 1 coin can die, then that shows any coin can die. So institutional money will no longer enter, and all your altcoin moon dreams will be gone.

The crypto market can still exist, sure, but then it'll be nothing more than a small speculative casino, basically just penny stocks.

>>15640891
no

>>15641303
Stop talking about Link you absolute nigger, you are mixing apples and oranges. No one cares is Link disapears forever, that's not the case for BTC. On the other hand Link is being manipulated by a few individuals, no one cares.

You are just assuming EVERYONE WANTS TO BUY but the facts is that a 500k dump -> Under 3 digit shitcoin.

>>15641331
Nigger it’s no coincidence this happens right on the EVE of institutional money getting in. It’s ((them)) doing one last shakeout of all you neets who don’t deserve to be rich.

>>15641364
>Stop talking about Link you absolute nigger, you are mixing apples and oranges.
No, I am COMPARING market dumps of similar intensity, similar percentages of the total supply.
But you are too retarded to even understand how the comparison is relevant.

>the facts is that a 500k dump -> Under 3 digit shitcoin.
> claims "facts"
> provides no proof or arguments
> only vague statements about apples, oranges, and boogeyman market manipulation
brainlet

>You are just assuming EVERYONE WANTS TO BUY
>someone willingly bought 1.26% of a shitcoin when it was dumped
>but NO ONE wants to buy 2.38% of King Bitcoin
>t. brainlet

Not even gonna bother responding to you anymore because you can't even properly answer any of my points.

>>15640844
>In other words you wouldn't find yourself catching knives, you would literally be catching sulfuric acid rain.

This post, especially this particular quote from it, are easily the most peak cringe I've ever seen on this gay board

>>15641669
Based, I'm with this anon

So I should buy, right?

>>15640891
why would you do that?

-3% ?
it's over guys we will never see 10k again

as you can see
BTC just died because someone got liquidated

>>15640653
what the fuck does Kleiman have to do with someone wash trading?

>>15641669
>>15641755
>>15641769
>>15641899
>>15641906

>Bitcoin market is known for its solid liquidity across all exchanges

YOU ARE THE DUMB MONEY

>>15641917
You don't even know what wash trading means. Do not tag me again you absolute nigger bitch.

>>15640580
it's prolly the whale that bought them at $3k-ish each this march or april

>>15640580
Jews be fucking jews
>B-b-but w-why isnt it crashing??
>I must market dump 100k. BTC NEEDS TO CRASH WYAAA WYAAAAAAA

>>15641367
This won't shakeout neets

Only under $6k would

>>15640580
>We (I) plan to sell a large volume of BTC for USD. This will occur on a single exchange as a rolling iceberg order followed by significant orders of other exchanges. It is expected that the value will drop signifigantly and will be matches by a 10x leveraged short.

>The network hash will be throttled at this time limiting all movements to and from exchanges. Only spending the unrecognised SegWit Txs to miners and our own Exchange TXs will be processed in blocks. All other transactions will be rejected from blocks and will lead to UTXO congestion.

>A total of 51% of the BTC network prior to the price drop will be added.

>The sale will allign to a reward halving.

>Once the network adjusts to this new difficulty, the miners would be turned away from BTC. Mined blocks will actively reject and spend all so called SegWit blocks as these are a miner gift under the original rules.

>There will be no further details at this point. Going forward, all this will be disclosed to ensure all securities and ForEx trading laws in the USA and UK are strickly abided by.

change of plans. fuck it, we'll do it live.

>>15642278
i pray to god the crash BTC below $1000, I'll sell all my assets to buy that dip

Tezos will Replace Bitcoin as numero uno

>>15642339
>not buying the real bitcoin for $120
never going to make it

>>15640936
This is why the case is settling. BTC is not going to be allowed to fail like that.

>>15640644
yeah but he wouldn't dump only 8k on the biggest exchange, binance BTC buy orders were at the top, why not use them?
>>15640645
>>15640683
they're larping
>>15640779
did any of satoshi's coins move? no
>>15640790
shut the fuck up, you make us kids sound like punks. We fucking need BTC gains to filter into alts. Do you really think alts pump with BTC? It's only us nerds buying this shit.
>>15640814
they don't get it. They see it as BTC vs their shitcoin. The whole time BTC gave the shit coin every gain it had and likely will get. No one puts fiat into crypto outside the big 2. and he thinks his alt would survive? what a dumbfuck
>>15640891
yes but they will increase the volatility and that scares away a few
>>15640936
>that half exchanges will be out for maintenance when the time comes to avoid getting their orderbooks cleaned down to zero dollars.
why they would make a killing on the volume on the way down and on the way up, market wide flash crash, im down I'm sitting fat on cash for some reason
>>15640946
why hasn't he moved them yet? check the blockchain dumbfuck
>>15641031
BTC is more like the financial internet, every alt piggy backs on BTC
>>15641367
yep he gets it
>>15641926
BTC is smart money in crypto, it loses the least and goes up for the longest period of time during the cycle, alts moon and crash, they've been doing it since i got in 2014

>>15642360
Gay

>>15640580
this is unironically bullish

might be liquidation. the timing is the same as those recent Fed repo.

>>15640580
Did Ira Kleiman dump 100k? He's suddenly $980,000,000 richer now

>>15640580
Whay a fucking looser lolz

>>15641331
No retards if Wright Bros inc dies, then airplanes lose credibility.

>>15642360
Retard pilled

>>15640651
Because the fucker had even bigger positions short selling corn.

>>15640580
>100k BTC dump barely moves the price
>mfw BSVtards claim half a million will crash the price into oblivion
lmao BSVers just getting BTFO over and over again

>>15640653
LOL. Craig Wright is a scammer who never had anything to do with Bitcoin. He doesn't have control over any keys, he doesn't have any big stash of BTC that he can dump.

You either have to be trolling or, if you actually believe in his shit, retarded.

>>15640779
LMAO this utter delusion. Just fucking look at what happened when the Karpeles coins were sold.

500k coins dumped is going to INSTANTLY and FATALLY DESTROY BTC to SINGLE DIGITS from where it will NEVER recover.

>>15641331
>Because if the top 1 coin can die, then that shows any coin can die

Fallacy. BTC is a literal shitcoin on tech.

>>15642771
>Because the fucker had even bigger positions short selling corn.
Hm. So, open up a 10x leveraged short in one exchange then dump a fat stack all at once in another. Bada bing! Bada boom! I wish I were a whale.

>>15642318
>strickly
I didn't know they spoke Ebonics down under.

>>15643214
Weeeeee Wooooooo Hoooooo

>>15643179
you're such an idiot. What makes good tech for you? TX times? Low fees? ability to do many TX? That's great tech that is bad for price. Keep spending your better tech altcoins. Only holders buy BTC and that's why you'll never make unless you learn BTC's cycle.

People like this might as well call Gold outdated because copper is used more. That's not what drives price though, it's human greed

>>15643737
BSV is the only coin that will survive long term. Enjoy your bags.

>>15642318
Imagine opening yourself up to SEC and CFTC manipulation charges by threatening this...its like he has a fetish for being arrested.

>>15643810
He's given plenty of advance notification, sorry cucks, there's no manipulation here.

>>15643919

>>15643743
haha yes.
A fucking BSV shill. I feel good about you hating BTC. BSV is designed to keep idiots away from BTC and protect it from tards who sell before ATH.

How dumb do you have to be to think being peer 2 peer cash makes price go up. No where does it say BTC has to be the fastest or cheapest.
BSV can remain cheap in all facets. That isn't BTC's game.
>>15643919
>>15643928
You're nuts. Do you tell people that you have the "real bitcoin? I bet you're level 10 goober who only drinks code red.
I can't believe people like this exist in crypto. fucking BSV

>>15643919
Doesn't mean shit. Controlled dump is a criminal offense.
>Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a product, security, commodity or currency.
>A bear raid is a type of stock market strategy, where a trader (or group of traders) attempts to force down the price of a stock to cover a short position. The name is derived from the common use of bear or bearish in the language of market sentiment to reflect the idea that investors expect downward price movement.[1]

A bear raid can be done by spreading negative rumors about the target firm,[2] which puts downward pressure on the share price. This is typically considered a form of securities fraud. Alternatively, traders could take on large short positions themselves, manipulating the price with the large volume of selling,[3] making the strategy self-perpetuating.
The investors pocket the difference between the initial price and the new, lower price after this maneuver. This technique is illegal under SEC rules, which stipulate that every short sale must be on an uptick.


Textbook bear raid manipulation, a crime in US, EU and UK and gets you 5 to 18 years in prison, depending on country.

>>15641031
yep. almost all value in the entire ecosystem is in BTC. the only reason alts go up is because BTC gains are spread around. there's really not much new fiat being introduce, and what there is is most likely just going into BTC for the new market cycle anyway. nobody is buying shitcoins with real money. it's just play money we gained from past trades.

>>15643743
I would unironically all in BSV if only someone disappeared creg. no one wants to go near it while he's still around. that guy is a liability and will wreck this project. the tech is interesting and certainly better than BTC, but this one fucking guy is so loud and insane that he's single handedly gotten it delisted from multiple major exchanges and his shit has tanked the price too many times. now he's got massive lawsuits to settle and his biggest asset is his stake in BSV...gee, I wonder how that's going to play out. for as long as creg unofficially runs this project, it's a hard pass for most of us.

>>15643980
>A fucking BSV shill. I feel good about you hating BTC. BSV is designed to keep idiots away from BTC and protect it from tards who sell before ATH.


HAHAHAHA oh no no no, it's retarded.

>>15640653
>what will happen once Kleiman does the same?
>problems that never will exist

>>15640580
you are all fooking retards; THIS IS WHALE MANIPULATION NO CONCLUSIONS TO DRAW HERE.

great we're going back to 3000 again

>>15643985
>it's illegal to buy a commodity off retards at a price the retards decided was a fair price

>>15644430
You can't even admit to others that you own BSV, I bet you tell people you own Bitcoin.
Let me try and tell my friends and family about BSV, no one is buying this

>>15640612
This is good for bitcoin.

>>15643155

>>15640891
No dummy. Look what happened to lenders on Poloniex a few months ago.

Oops some random shitcoin dumped so we have to take a percentage of all your bitcoin out on loan :|

>>15644471
BSV is Bitcoin.

>>15640580
Good it's time for ALT SEASON BABY !

>>15640580
It'll come back. It always comes back... right guys?

>>15643985
>rumor
>action

Assuming he's not lying and has been public with his intentions there is nothing they can do.

>>15644471
BSV is the real bitcoin. Next year the fun begins.

Price has barely budged... baka.

>>15644940
Doesn't look set in stone to me mate...

>>15645224
Because price says anything about technology and protocol. If anything, it is a testament to how braindead most people are.

>>15645130
>>15644466
Market dumping and shorting at the same time is illegal. FUDing the market by announcing dumps is illegal.


The pajeet shills are getting desperate I see. Encouraging criminal activity or denying laws is a crime in itself, every one of you are a hair away from prison sentences. I think I'll give a tip to FBI about a swindler shill group trying to mislead people.

>>15645916
>dumping and shorting at the same time is illegal
[Citation Required]

>FUDing the market by announcing dumps is illegal
No spreading rumors and running misinformation campaigns while short selling is illegal. Announcing actions is not.

>>15641364
By who?

>On the other hand Link is being manipulated by a few individuals, no one cares.

>>15640946
no

>>15641926
oops this post didn't age very well LOL
>>15641933
Wash trading means selling to yourself you double nigger
how dare you reply to me

>>15644462
ouch

>>15640580
>>15640596
>>15640644
>>15640808

>>15644940
BSV is a dead tranny coin

>>15644075
I'm buying LINK with real money every two weeks.

>>15647334
This thread didn't age well for the bsv scammers

>>15640580
kek and nothing happened