/biz/ - Business & Finance

Institutional money is fleeing for the exit desu. There’s a fire in the house

Weak handed faggots panic selling avalanche. When it bounces its going to bounce hard and not stop going up. These faggots selling now are going to be sorry. I sold the very bottom of $2800 in 2017 after china panic, and bought back in at a loss around 5k, I'm not falling for it again.

>>17759706
it's not weak handed faggots. you think retail has this kind of selling power? hedge funds and investment firms around the world in desperate need of liquidity and whatever they had in BTC is getting dumped fast.

>>17760367
they never had anything but play money in crypto, this is retail

the most worrying thing about all of this is how hard and fast it's dropped, without any sign of a real bounce. ignore the permabulls and take in the gravity of the fall.... this changes the game.

>>17760541
that's not true at all. don't be retarded. remember when the bottom was bought up at 3.5k? 100M from a single buyer pumped us back to life. you think retail buyers play with that kind of money?

>>17760367
they are derisking. I dont think its personal though. bitcoin as a system will be fine.

>>17760541
Play money to hedge funds and other institutional investors is significant in the world of crypto. The market isn’t that large mind you, and retail wouldn’t cause a near 50% market-wide crash in one day. That’s unheard of

He made the final call.

>>17759535
THE OFFICIAL /biz/ DISCORD LINK IS:
discord gg XeY9zy
Join, we are currently talking about the economy shitting itself

>>17759535
the world economy is crashing you stupid fuck lol

>>17760638
all the long term bullish charts are invalid now. It will continue to be traded, sure. but its future isn't that bullish anymore imo

>>17759535
People are pulling out of this scam because it's fucking USELESS. IT'S USELESS.

>>17760695
DOOOOMP ET!

SOMEONE IS MANIPULATING THIS
THEY ARE BUYING FOR A MINUTE OR TWO AND THEN LETTING IT DROP MORE

The market has been ... suboptimal

>>17760861
take your meds retard

Think about it bros. When the dust settles those motherfuckers are gonna look for a place to park their money again and crypto will get pumped up once more. Just hang on for about 5 more years kek

>>17760739
what? why? if you really think about it it's actually good for the world economy.

>>17760823
Kind of this. A single 12 pack of toilet paper is more use to someone than all the bitcoin in the world.

>>17760541
"play money" for a hedge fund is billions of dollars

>>17759706
this is cope listen to yourself it’s over bro get out while u still can

>>17759535
The whales figured that there was a "newz" reason for retail dumdums to be fearful, so they dumped knowing that retail would drive the price down further. This will allow them to accumulate and make big trades before the supply of new BTC is permanently halved in a bout 60 days.

>>17760946
people's fear moran, get your reddit memes out of here

im actually scared to hold tether right now what the fuck do i buy to be safe

BitMEX nig cashing out all that liquidated corn to buy cheap stocks desu
Then make it all back on the way up

>>17759535
You explained it yourself.

It's a ponzi scheme.

>>17759535
Trump will be confirmed COVID carrier by monday, we're selling before that

>>17759535
>can't half the fucking price in one day,
lol u r noob

>>17760823
fuck u dude i havent used my bank account to buy shit in like a year. btc has usage.

>>17759535
We are living through and witnessing one of the biggest happenings ever.

>>17760695

Every time some fat cunt fat fingers, 10k people get liquidated and it's like a sledge hammer cracking their heads like melons at this point.

literally nothing happened, this dump was known for everybody that isn´t a retarded months ago. Coronavirus is just an excuse. Same thing with stocks. This virus is spread by jews, call me a pol retarded or whatever, the timing of the virus with the markets is perfect

>>17760610
wasn't that the start of the whole plustoken debacle
and they still have the dump power to accomplish today
i'll really panic when long dormant address start dumping

>>17761339
it acts as a dump catalyst. its called virus surfing

>>17761175
So you're using a service that changes BTC to dollars for a premium and buying things?

>>17761339
Ding ding ding

i wants 1 buttcoin pls

>>17759535
>just the flu bros

>>17761130
Mein Fuhrer's superior genetics will ensure he survives.

>>17761896
lol, this isn't caused by the virus, it's caused by the panic.

Cash is king in this kind of market. Crypto is not cash.

>>17762208
>he believes official figures
i don't care if it's china or the USA, it's all the jews

>>17762208
Just do some simple math dude

>>17759535
It's my fault. God is punishing me in this timeline. An unnatural blizzard is covering my area in snow. The electricity is out which never happens. My family is sick, probably with a Chinese bioweapon. I have 40 minutes of charge left on my laptop and bitmex is frozen with my open positions in limbo.

>>17761353
They are though

Institutions' money exits to save the stock market. It's a fucking global recession.

>>17762208
>60 millions cases
>12k deaths

>>17762507
Pretty sure god doesn't think about you at all.

>>17761353
>i'll really panic when long dormant address start dumping
Coinbase coins from 2010 are moving as we speak. Bruh. Its happening

>>17763116
https://mobile.twitter.com/SBF_Alameda/status/1238306306043162625

>>17759535
Can someone please explain what the fuck the logic behind this all is?

Crypto is supposed to be decentralised and separate from the main stock markets, yet every time it goes down crypto takes a dicking even harder?

Why the fuck do these retards keep shitting the bed for a few minutes and just panic selling everything, across all coins, thereby ending up causing TWO huge liquidations in the past week?

I thought crypto fags were supposed to be smarter than this shit, and now because of their stupidity I've lost EVERYTHING because they've made the market do the exact opposite of what it should.

And all this...because of a FUCKING BAT VIRUS? Am I to understand that even fucking crypto is infected by a huge number of retarded normies and that's why it's getting ruined like this? Are these people seriously that fucking dumb?

>>17759706
Never lose never choose to hold in.

>>17763268
yep

>>17763246
It was Creg

>>17763312
Never lose never choose to lynch jews who do something to us.

>>17763116
I talked about all this in detail with God before it happened. It's all a clear message. The voices in the radio static confirmed it.
>>17763268
It was taken over by finance fags. They think this is all normal and great.

>>17763268
turns out youre the dumb one

this is how dunning kruger works

>>17760939
This. Time has come to stack fiat so that you can buy in later.

>>17762334
Funny how it's always the joos when it's data you disagree with but 100% real data (((they))) dont wan't you to know if it's memes and unsourced liveleaks videos.

1. Sell Bitcoin for $7k / $6k (caused dump to $6k/high 5k)
2. Niggers to scared and sell all their bitcoin after the person from Step 1 dumps (causes dump to $4k)
3. Person from step 1 rebuys in BTC and either gets more BTC or gets to save their earnings (pump from $4k - $5k)

It's that easy when you're a whale.

>>17759706
We're going into recession. This is an asset deflation. There is a lot of room to fall yet.

>>17760541
This isn't retail, this is the exchanges. Something broke. A lot of fingers are pointing at Bitmex, who might have been allowing a cascade to cover up a lack of liquidity.
The finger pointing is going to be biblical, but I can guarantee you this is neither institutional or retail.

>>17764298
It was fucking Craig. Here are the coinbase coins from 2010 moving. All but BSV moved.

>BTC
>https://blockchair.com/bitcoin/address/16mttyZvPX3S51dWNf7kveWi8dieT8F3X9

>BCH
>https://blockchair.com/bitcoin-cash/address/17NCyxiCcJcFu67oqmHJjngMEAgzv6UbJn

>BSV
>https://blockchair.com/bitcoin-sv/address/17NCyxiCcJcFu67oqmHJjngMEAgzv6UbJn

>>17759535
my guess if folks need some liquidity for the bottom over in wall street land.

>>17763268
Because the same people invest in both.

We are going into a fed-induced recession, the correction we always had to have with all the Keynesian funny-money in the markets.

Everyone has been expecting a collapse of the financial system this year. The Coronavirus was just a push off the edge, the ultimate sell signal for everyone paying attention.

This has months to fully play out. ETFs and index funds will be annihilated, institutions will go bankrupt and a cascade will follow.

What you need right now is cash. Get the fuck out of the markets.

>>17759535
The Virus is much worse than its being reported.

The conspiracy theorist were right.

>>17764383
You're a panicing faggot. Event based recessions never last longer than 3 years. Can't wait to laugh in your face in Q2 when we are back to the 200 dma at least.

Also all these fucking ICO scams that havent cashed out everything yet are running for the door now.

>>17764466
checked

>>17764456
https://youtu.be/LGR8VmW6p8c

This is the real deal, mate. Central banks have nowhere to run.

Boomers are all starting to retire. Consumer spending is way down. The system is propped up on nothing but Keynesian funny-money.

The boomers who survive this virus are going to lose their retirement savings, and then their pensions.

Negative interest rates and fed printing to cushion the ultra-rich will wake up the masses from their Keynesian consoomerist delusion.

This shit isn't just a virus panic, not by a long shot.

Just wait until people start to ask why, if the fed can supposedly print unlimited cash with no consequences, do they need to pay taxes at all.

>>17759535
bitmex, find the thread on twitter

>>17759706
always do the opposite of what this dude does

>>17764991
post it

>>17763268
its the joos

>>17763268
Those stockbrokers and firms fucked everyone in the ass. Dont dreeeaaam its over though. We got Corona to take care of more.

>>17759535
>market crashes
>liquidate crypto before liquidity crisis
>buy the dip in the actual market
'nother bounce in a few hrs boys.

>>17761090
Btc is the closest we get to a safe space, hold onto your butts.

>>17762208
The problem is that if this spreads to 60 million cases, there will be 1,700,000 deaths

Someone was liquidating MakerDAO vaults with $0 bids and was entirely uncontested.
https://forum.makerdao.com/t/black-thursday-response-thread/1433

>>17759535
It's correlated with stocks, dummy.

You know why? Because Bitcoin was a speculative asset propped up by cheap federal reserve money and cheap credit. There is another credit crisis coming, so people are FLEEING for the exits.

Funny that the asset that claims to be the end of central banking only has value because of central banking.

All of this because some chink ate a bat hahaha

>>17766666
>bat
Digits confirm its engineered and hoax tier.

>>17766608
This but unironically we will moon hard in btc , xmr and ltc because the supply remains the same no one is dumping.

Fucking eth faggots fucked up again and all the stablecoins the market is used to work with got fucked as the network became unusable.

>>17766666
Damn satan

>>17766666
lol

You don't really get it?

>>17764781
Printing so much cash causing inflation is going to have you weighing money, it's going to have so little value. This system is fucked. I'm glad the banks are looking bad

>>17766666
Satan, who would havd thought this bat is causing the world to burn.

>>17759535
>Coinbase hacked?
>Binance exit scammed?

Gonna need some proof there

A big part of crypto was people with college debt who thought it was free money and Bernie was going to win.
these people are running for the exits now, and if they're still trying to game the system they'll roll the dice on stonks
crypto is dead, it will bleed out to zero now

>>17764781
Thanks for sharing, Pal's a beast

>>17766599
Diamond princess, perfect conditions for contagious spread.

17% infected
1% mortality
Full of retired boomers who are vulnerable to complications

Dead meme. It's literally the flu with a scary name.

>>17766666
Nice same digits in a row

>>17764383
>>17764781
So which one is it? You say you need cash but at the same time that the fed keeps printing unlimited money. So wouldn't that make cash a really bad choice to have?

>>17767036
it was the south korean strain
there are 3 strains of the virus
just like denge fever
you will probably not make

>>17759535
>but a stupid flu can't
>stupid flu
>flu
See, OP, and here's your mistake. Your welcome

>>17766666
gigasatan bringing the facts

>>17759535
perhaps you might consider the possibility that it's more than just a stupid flu?

>>17767036
This.

>>17767105
lmao, bullshit

>>17767122
see>>17767036

>>17762208
How is this so hard for people to wrap their minds around this situation? No the total numbers aren't that bad, yet. The worrying part is that it's more infectious that the usual flu, it has a long incubation time during which you are contagious and it has mortality rate ~30 times higher than the seasonal flu. Maybe you should learn 6th grade math and look up what exponential growth is you absolute brainlet

>>17767139
then explain this: >>17767036

>>17759706
During 2017
1) Prior to the December pump, BTC had never dropped more than 13% in a single day. This time, BTC dropped 30% in a single day despite no recent parabolic upward movements!

2) Dumps never lasted more than a week. Recovery always moved the price higher within a week or two. Not so this time.

3) Real volume was much higher.

4) There wasn't a recession.

>>17766666
FUCK

>>17766666
megasatan telling it like it is

>>17767285
>The worrying part is that it's more infectious that the usual flu
So explain this: >>17767036

>>17766666

>>17766666
China needs to die

>>17767269
The virus is mutating.
https://www.livescience.com/coronavirus-mutations.html

Bitmex did this. Bitcoin is a zero sum game where the goal is to acquire as many coins to manipulate the price further.

>>17767036
Swineflu hat a mortality rate of like 0.02% and still 500k people died.

>>17767396
And when it does, we'll talk.

>>17767306
Infection rates and mortality rates can vary. If something has a mortality rate of 5%, doesn't mean if you take 100 random infected 5 of them will die. It means on average this is the amount of people that will die. For example in germany the rate is at <1%, while in italy it's >7%.
Not to mention that you don't calculate mortality by infected/deaths, but rather (deaths+fully recovered)/deaths, which they very obviously did wrong in your example.
And to top it off, i'd rather trust the numbers of various studies by actual virologists, the CDC, WHO and other entities, which all point to an R0 between 1.5 and 3.5 and a mortality rate of 3-5%.

>>17760610
>what are early adopter whales
>the post

>>17767468
>Infection rates and mortality rates can vary
Not really.
Only reason they vary is different data gathering possibilities.

That ship is a massively representative sample size of nearly 4,000 people, with the vast majority of clinical trials involving fewer than 100 people.
PLUS the average age of the passengers is extremely high.
PLUS they're all packed together on a legit disease incubator.

And still only a fifth or so of them got infected, and only 1% of the infected died (all in their 80s).
And this number has been stable for many days now.

>>17766290

Oh god. A juicy pussy

>>17764298
How does bitmex error cause the rest of the spot market to follow? If the feedback loops are such that a derivative controls the index, then crypto can never be a safe haven

>>17766666
This is the guy that planned it all

>>17767532
>Only reason they vary is different data gathering possibilities.
>being this much of a brainlet
So when you flip a coin you are guaranteed 50% head and 50% tales?

And again since you apparently didn't understand it last time, you don't calculate mortality rate by dividing deaths and infected.

>>17767884
>So when you flip a coin you are guaranteed 50% head and 50% tales?
Yes?

Fucking lol you retard.

I’ve heard some talk on the dark web that Bitcoin is no longer a secure asset, the software has been hacked, by an anon hacker group/individual and people are currently unaware that they actually have no bitcoin even though it’s showing bitcoin in their account, and majority of it has been moved to other crypto’s and getting cashed out.

>>17767884
>So when you flip a coin you are guaranteed 50% head and 50% tales?
Literally yes.

>you don’t calculate mortality rate by dividing deaths and infected
You literally do.

>>17767737
BINGO LOL

>>17759535
Do you fucking live under a rock or what

>>17763268
Stocks are cheap. Shit ton of good opportunities out there bigger and more safe than crypto right now. There will be a rebound. People need cash to profit from it.

>>17767903
>>17767936
K so if i flip a coin and it's tails, i can bet all my money on the next one being heads. That absolutely how probability works.

And since this is apparently an extremely difficult concept for the geniuses of /biz/ to grasp: You don't count infected in the mortality rate. Infected, that haven't recovered, can still die.
What you do is calculate the mortality rate by adding the number of people where the virus has run it's course, meaning deaths+recovered and calculate which percentage has died.

>>17768493
>K so if i flip a coin and it's tails, i can bet all my money on the next one being heads.
You're an idiot.

>Crypto goes to Wall St
>Hedge fund men now own it.
>Treated like any other speculative risky get rich quick stock.
>People somehow surprised to see it tank with other gambling tier assets during a market downturn.

>>17767532
No its not asian men are genetically more likely to catch it. Also 95% of adult chinese men smoke which rekt them harder as kuruma flu is bad for lungs.

>>17761130
If they do announce he has COVID-19 and he rides it out the markets will see the most unprecedented pump ever

>>17768594
There are always going to be minor genetic variances and external factors (like smoking).

Point is that cruise ship is an extremely adequate sample size, with ideal disease spreading conditions and a very aged population; and even then only 1/5th got infected and 1% of the infected died (all in their 80s).
With these numbers staying stable for two weeks now.

>>17760739
This. The entire global economy is tanking, and guess what, that's going to bring everything down with it. To add to this, things are just getting started with the coronavirus, especially in the US. This is definitely not the bottom yet.

>>17767089
You need cash during the deflation (assets go to shit), buy the dip (weeks away at earliest, maybe months) before inflation sets in and nukes fiat.

No major institution has defaulted yet and we aren't even at peak virus, people should not be buying yet.

All the dudes caught by the dead cat bounce today are going to get fucked.

>>17759535
The corona virus just wiped out a decade worth of gains and people are getting the fuck out. How is this hard? Please realize this is a world epidemic and possibly millions will die.

>>17762208
12,469/60,000,000 = 0.02% change of death
38/1329 = 3% chance of death

that's a HUGE jump you Jewish fucking retard.

>>17759535
Hi. I work in the financial markets industry so let me give you some insights. Maybe it helps.

Stock markets went holla ballooza because of two shocks:
1) demand shock: corona virus spread which itself is not worrying, however govts literally stopping the economy was a massive demand shock
2) supply shock: at the same, KSA started an oil price war with Russia to flood the markets.

Two together led to a massive re-pricing on Monday, with the interesting fact that even Gold got hammered unconscious, which is normally considered a safe haven.

Now from here on I'm speculating:

A. The sell off was way too strong for what happened fundamentally. Seems like there was some massive players who got margin called, who had to liquidate at any price.
B. Bitcoin got hammered too, similar to gold. Now my theory is that not only some crypto people got margin called, but some big global players that had exposure to the equity markets. Margin call equity market they sold whatever they had, which included a huge portion of btc (huge at least relative to btc market). That was the 8000 to 6000 drop.
C. The overnight drop tonight was a result of panic among everyone, also bc the whale in B had already absorbed all kind of buy-side liquidity that was there

>>17769824
>The sell off was way too strong for what happened fundamentally
no shit lmao

>>17769824
Thanks for the insight. Any opinions on what comes next? If there really was no real fundamental reason for the plummet, should we see some kind of bounce?

>>17763268
>because of their stupidity I've lost EVERYTHING
oh my, think again

>>17769824
>>17769841
Explain. When WHO says it's a fucking pandemic, it's time to get worried.

>>17770629
Most people who aren't old and/or sick are hardly even sick.
The current mortality rate is massively inflated because tons of people are only mildly sick and never get tested. Only the severe cases are tested pretty much.

>>17768027
This is the only smart answer here. Boeing, Ford, Halliburton, (blue chips) etc are all going to 2-3x in the coming months as part of a rebound to all this nonsense, especially oil companies because of the KSA/Russia beef. If you're lucky, you might even get a 5-10x out of boomer stocks if you pick smartly.

Or go back to BTC, crabwalk for another two years and maybe, MAYBE get back to $10k in Q4 2021.

>>17763246
based arthur. better stay in the seychelles.