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/biz/ - Business & Finance

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17833208 No.17833208[DELETED]  [Reply] [Original]

On Thursday night. a DDOS attack was launched on Bitmex to prevent the price from crashing down to 0.

There were 9M in bids left until 0 on Bitmex. Tons and tons of liquidations were put up as sell walls. For any lower IQ people who have trouble understanding this, the TL;DR version is that Bitcoin was going to 0.

Once Bitmex went down, the sell pressure of the liquidation walls was gone, allowing the price to be pumped. Since it pumped a shit ton, once Bitmex came back up, people started buying.

So one of two things happened:

A) Bitmex is telling the truth which makes it so that DDOS attackers were able to shut down Bitmex and prevent their worthless bags from dropping

B) Bitmex is lying and they shut down the exchange on purpose allowing the price to pump so they can save it.

Either way, this means that the real price is much lower than the currently propped up price, and yes, this is true even after a 70% dump.

You’ll be thanking me for disseminating this information to you. You can verify none of my information is false. Don’t short on manipulated exchanges. But sell your crypto to USD or another current asap. I’m helping you.

>> No.17833239

Anybody else getting Big Dogg vibes?

>> No.17833256

>>17833239
Who’s that?

>> No.17833260

>>17833208
Bitcoin's real price, after you take away Tether pumps and exchange fuckery, is close to $600

>> No.17833262
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17833262

>>17833208
STFU FAGGOT

>> No.17833286

>>17833208
is crypto dead?

>> No.17833296

>>17833286
Yes, atleast for the next few months if not years. If it’s years, it’s likely dead forever. It’ll have bounces but in the long term go down. Although it’s really been dead since December 2017.

>> No.17833330

>>17833296
what about muh smart contracts?
what about /biz coin?

>> No.17833355

>>17833330
when there’s no organic demand for something, it all goes down long term. If any short term bounces happen, don’t fall for it

>> No.17833375

>>17833296
will there be at least a pump to exit position from above today's prices?

>> No.17833389

>>17833208
Life is just an illusion.

>> No.17833399

>>17833208
Literally a nothingburger from yet another so called "insider." Everything you said is public information.

>> No.17833403

OP is trying to shake you out, but you should avoid Bitmex anyway.
https://markets.businessinsider.com/news/stocks/treasury-market-liquidity-fading-risking-trillions-debt-assets-coronavirus-selling-2020-3-1028990368

>> No.17833434
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17833434

>>17833208
All-in on LINK baby!

>> No.17833464

>>17833208
>the real price is much lower than the currently propped up price
>crypto

Old news

>> No.17833473

>>17833256
I think you are the Big Dog. Thanks for the info. This is going to pretty much drop on market opening isn't it...

>> No.17833488

>>17833208
If you aren't all in on BitConnect right now, you've missed the boat. I'm unironically an insider. I know my stuff

>> No.17833516

>>17833375
Doubt it. Not enough liquidity

>> No.17833517

He isn’t big dogg same trip as the 200 ma thread

>> No.17833539

>>17833399
It’s public but no one knows why the DDOS attack or why it shut down. I’m here to confirm that it was done to prevent the price from going to 0 and to also temporarily fill low bids so they can cash out on profits and exit scam

>> No.17833556

>>17833208
Lol bad larp, this whole drop was becuase of the PlusToken scam

we'll have another pump

>> No.17833564

>>17833403
It’s not that Bitmex is manipulating necessarily. It’s that others are manipulating on it. It’s not bitmex’s fault.