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/biz/ - Business & Finance

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17703438 No.17703438 [Reply] [Original]

the hedgefund im working for spent over 20 billion dollars shorting bitcoin at a relatively high margin through otc arrangements in the past week to prevent it from somehow fooling people into beleiving it can be a safe heaven during recession

it's falling a lot slower than we projected

>> No.17703450

what are you tring to tell us?

>> No.17703453

whats the the ITM minimum price for the short?

>> No.17703471

pnl?

>> No.17703481

What do people hope to gain by making up such stories? That the Pajeets on here sitting on the sidelines with their 40 rupees will fomo in and pump BTC by 0.00000001% for a millisecond?

>> No.17703509

>>17703438
Same

>> No.17703524

Show proof

Otherwise this is just another larp

>> No.17703570

>>17703438
Good thing Link exists and will finally decouple from BTC pricing and bs

>> No.17703765
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17703765

>> No.17703783

>>17703438
imagine believing this

>> No.17703789

Shorting makes assets go up.

>> No.17703812

sorry bud your larp doesnt make sense, next time try saying they sold all the bitcoin to fund pride parades

>> No.17704992
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17704992

https://bitinfocharts.com/top-100-dormant_1y-bitcoin-addresses.html

>> No.17705013

>>17703438
Surely they arent worried, they should be in the green

>> No.17705014

GR

>> No.17705039
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17705039

>>17705013
Imagine if you could spent 10b to market at premium price of 40b. It’s an interesting speculation if certain hands want to bring new clients. That would make sense but do they pay billions in taxes? That doesn’t make sense. So it’s a larp.

>> No.17705042

>>17703438
You had 10 years.

>> No.17705052

>>17703524
really

>> No.17705068

>>17703438
What a coincidence, the hedgefund im working for spent over 20 billion dollars longing Bitcoin at a relatively high margin through otc arrangements in the past week to prevent it from somehow fooling people into beleiving it can't be a safe heaven during recession

>> No.17705075

>>17704992
It’s nebulous you dumbass what’s stopping anyone from having hundreds of addresses

>> No.17705088

That's why you should hodl for a couple of years not months. HOLD BTC, ETH, ALGO - Earn staking rewards for two and let the speculators get rekt with BTC leverage trading

>> No.17705094

>>17705068
Doomer pasta

>> No.17705121

>>17705088
ETH 3,000 eoy

>> No.17705125

>>17705075
>addresses

That's not addresses brainlet, it's the number of active coins.

5M coins have not been moved since 2016
13.53M coins have not been moved for 1+ year

At this rate we will be above 14M dormant coins in 20 days leaving only 4m in the market.

People are accumulating like crazy they know crypto inflation is about to go bellow fiat.

>> No.17705134
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17705134

How much does cme futures mess up the price of buttcoin

>> No.17705178

>>17705125
Are you proposing an exponential growth scenario? What are you spinning?

>> No.17705194

>>17703438
BASED. Tell us more. At what price did they short? You have some evidence?

>> No.17705203

>>17705125
thats probably just miners trying to keep the price from plummeting

>> No.17705261

>>17705178
I am simply pointing that BTCs are disappearing of the market , 5M coins not even moved during 2017 when the price reached 19k.

12M coins have not even moved when the price reached 13k last year and the rate of coins going dormant is increasing so fast we will reach 14m dormant coins in 20 days.

People are buying and holding them without moving them ,because they are speculating that it's a safe asset and when you account it will have lower inflation than fiat in 60 days they are 100% right.

>>17705203
No, we lack data of this but traded volume in BTC is decreasing even when the price is not growing.

https://coin.dance/volume/localbitcoins/ALL/BTC

meaning that less btc are in circulation every month.

And this is shitty localbitcoins data that started to be pretty bad after they cucked with kyc and 70% of the users moved to other plattforms.