/biz/ - Business & Finance

>>17767206
it crashed from 10k to 3.8k
and it stopped at 3.8k because coinbase and niggermex both closed

things are not optimistic

>>17767206
apparently its going to keep going down

>>17767248
i don't give a fuck i'm buying either this is the opportunity of this decade or crypto is dead and it's all over. i got nothing to lose.

>>17767260
Can we expect a bounce up first at all.

fucking crypto market has to do the entire years worth of crashing in one day

I sold at 6.3k, bought at 5.1k. Wasn't Chad enough to buy the 4k.

>>17767266
ok boomer, get them bags
but you will have to hodl for a while , even be in red

There's more downside to come.

>>17767206
It will drop until until a Covid vaccine has passed testing and is being distributed.

>>17767266
make sure you pick up some VRA dude

this rebound will be insane

>>17767289
kek, you'll have another opportunity

>>17767206
It's really hard to predict because it isn't just normal dumb money selling, it's whales as well. It's hard to believe but it unironically seems like it's gonna dump even further.

Brace for impact.

>>17767319
>>17767206
Guys...its going up again...

>>17767440
I don't understand this shit at all. I feel like I walked into the Twilight Zone

>>17767319

yes. 1k 1k 1k im gonna get 5 extra bitcoins and 50 when it goes even further

>>17767206
Why are you worried about missing a rapid upward parabolic movement rather than losing your money? Do you buy based on feels?

>>17767490
FOMO fuels me

>>17767283
yes you already missed it

>>17767440
It's a dead cat bounce, newfag. This changes nothing

>>17767465
The problem is not with the value of one bitcoin its describing that value in a dollar format

>>17767549
oh good, cause I already made sure to sell my 2 dollar coins for a schway 6 cent profit

>>17767549
ANON ITS GETTING PRETTY HIGH

So the «when things go to shit irl crypto will moon like crazy» myth is busted

>>17767291
i'm used to being in red
but i increased my bitmex account by 35% in a day on my short that was in the red for 3 months... now i'm gonna long in the red for as long as it takes.

>>17767266
Diversify moron

>>17767549
Holy shit anon you're a faggot

>>17767301
This, things haven't went back to normal yet

>>17767609
no point either it will take me a decade to make it or bitcoin doesn't die and then this is where i buy. well start buying.

>>17767206
>price bounces when volume is low compared to when the market shit the bed
>dead cat bounce coincidentally when bitmex and Coinbase closed
Yeah this is real bullish guys, 5.1k is certainly the lowest it will be from here or on out, certainly no more downside to be seen when Americans wake up and volume goes back up kek

>>17767619
>>17767588
>>17767569
Why do you keep replying anon? I think it's normal for something to bounce up a bit after dropping 40%. Open all shorts

>>17767676
sorry this is my first time at this

>>17767595
well 48% now okay that's not so bad but i could have done so much better if i don't take profit so early and so aggressively. goddamn. could have doubled or tripled it.

>>17767206
>entering the most volatile market rn

>>17767660
Yeah this is real bullish guys, 5.1k is certainly the lowest it will be from here or on out, certainly no more downside to be seen when Americans wake up and volume goes back up kek

I wish I would be able to see your face in 3 months. Idiot

>>17767206
Don't fucking buy now idiot, this shit will last for months, we're nowhere near the bottom.

>>17767206
If you're confused and scared. especially from what just happened, don't trade. normal price movement.

>>17767206
Crypto got jealous of the stock market moving more dramatically than it was moving, so here we are.

Crypto is fucking dead after today.

Any remaining investor confidence left in this space just evaporated with this move, confidence that was already dwindling to nothing over these last few weeks after this turd proved to be the opposite of a "safe haven asset", and le epik halvening not doing shit for price.

The extent to which crypto has just been BTFO can't be overstated.

Nice concept, doesn't work, thanks for playing.

>>17768057
"when in doubt just short!" that's my motto.
i'm not in much doubt now. the correction i was expecting happened.

Per our analysis @BitMEXResearch liquidated $993 billion long positions using their own bots & capital. 2:43 UTC time activity across all exchanges stopped and @BitMEXResearch database crashed. Today’s $btc manipulation was caused by one entity. #bitcoin Investigation underway.

https://twitter.com/bitPico/status/1238303378192699392?s=19

>>17768204
This

It was bitmex's liquidation engine. A feedback loop of liquidations going on for 16 hours until bit.ex finally went down. Once bitmex went down btc rallied back up to 5.5 which the rally stopped when bitmex came back online

>people trying to find the bottom
>people greatful that they don't have to sell at bottom
>new bottom

If bitmex didnt go down we legitimately wouldve gone to zero

>>17768252
well it was all risky positions people took but I'm reconsidering certain strategies i had after tonight. i was like hey you can go 100x once you are a few thousand dollars in profit... yeah no

>>17767260
>apparently its going to keep going down
I want it to go even lower. Then, when it's worth pennies, then it will be the time to buy hard.

>>17768375
Basically someone tried taking bitcoin out today... and they almost succeeded.

>>17768375
you can but no in the current situation
10-25x maybe

>>17768570
for the first time in my life had to use cross to save my positions.

>>17768475
the timing was bad if they did this at the halving they would have a better chance.

>>17767206
oh dear. btc is not rising to 10k ever again sweetie.

>>17768938
it will go to $100k within 2 years i'm absolutely sure of this been saying this for years worst case have to wait 3 years.

>>17769078
>im absolutely sure

>muh store of value
>muh hedge

>>17769078
>it will go to $100k within 2 years
Nope. It's getting flushed down the toilet into the shitty smelly sewers of Mumbai and then transported to the Mariana Trench in a floating tuk tuk.

>tfw you missed this opportunity to increase your bitcoins

>bitcoin's going up
Dammit. I wanted it to drop enough so I can buy a couple on a slavshit budget.

>>17769107
if only you know how many times i have had to endure people ranting like you... they have been wrong every single fucking time.

>>17769089
well i know technically i could be wrong but trading wise. i will take that risk and take that loss but i'm done shorting. from this on i long till $100k.

>>17769407
well alright i will short the halving as a hedge but that's just a courtesy act because it's the decent thing to do.

>>17767984
>can’t even greentext
The absolute state of nu-/biz/

>>17767206
It's pumping for no fucking reason today because some autists already reinvested.
If the Fed can't have stocks go back up by throwing magical papers at them, our memecoins aren't going up either

>>17769513
what's stopping the fed from printing more and more and more money?
answer this question! it's a question of when the markets give in and go up again.

>>17767308
The old guy on joe organ says it could take years

>>17767266
>I've got nothing to lose
Except your retirement savings...

>>17767984
>Buying into the top floor of a recession