/biz/ - Business & Finance

>>29909869
I have no fucking idea whats going on im just clicking buttons, you know hints would be cool.

>>29909926
It's over

RLC is the ultimate cuck coin. Oilers hold it and miss out on the bull run.

>>29909869
What the fuck just happened? Whale dump?

I used to like holding this coin until I realised I was too many steps ahead of the market. DO NOT TRADE RLC AND EXPECT DECENT RETURNS. If you want to even go near it, just slowly dollar cost average it, its a vale investment, its probably one of the worst coins to trade. Also, im pretty sure its manipulated, im not sure how but the way it moves just gives me that impression. Just a hunch.

>>29910996
I meant to say Value investment, not vale

>>29910996
Others might think i am coping, but RLC is legit getting suppressed to kingdom come by binance and only binance. When it breaks out, it will leave everything behind, including space and time.

The whale is smart to not reveal their buying power to binance just yet. This is evident when all of the huge buying volume spikes are always on the higher range but never on the low, because the whale has managed to manipulate the binance bots into selling the local top, such as at 2.59; the sell books at that range usually have 25k to 50k rlc sitting there passively but somehow the trades occuring there reached beyond 3 million rlc.

>Why usdt?
Most volume

>Why arent the whale just market buy all of the RLC then if he has all the buying power?
He wouldnt be able to get 3 million RLC below 3 usd if he market bought because by the time he clicked market buy, all of the bots will deactivate and cancel most of their sell books.

>Why is he buying at local high?
Cause thats where one can find huge sellers. Whale is smart to rest from time to time to make bots think the buyer have ran out of power.

Go on, check all the buying volume spikes, it is always on the high range of a time interval, combined with RLC just keep on dumping; means that binance is suppressing rlc.

>>29912119
calling market maker bots price suppressing whales is peak delusion. what anon said is it
>I used to like holding this coin until I realised I was too many steps ahead of the market
RLC and similar projects, IOTA, AGI whatever, whether you like them or not, are not ready for adoption just yet

>>29912119
Do you think the whale is some what an exchange, is it possible to have a listing in the US next months....?

>the slow donkey back to 2 dollars

>>29912230
Yes i might be delusional but i cant help but think over the past 2 weeks, somebody is trying to make RLC breakout. The difference of buying at high range is larger than the difference of selling at lower range.
>See "Total Volume"

Not to mention the Liquidity is almost double at high range compared to low price range. This means countertrades happen too often to stop it from trading higher.
>See "Mean Liquidity"

We might not moon, but we are clearly being suppressed.

>picrel: frame 1/6
See how the liquidity (blue/orange boxes) becomes brighter as we go up a price range or dimmer as we go down? That means traders are having a hard time pushing the price higher.

>>29913157
Ignoring the near-infinite fud, let's answer a few questions

>before the bithumb listing, 'someone' was market buying a lot of RLC

This is not abnormal, many coins see market buy spikes before an exchange listing, usually we identify it with an exchange likely buying up extra tokens before the announcement as the subsequent speculation-buys will push the price up.

>RLC itself is meant for commercial usage

It could easily be multiple buyers associated with institutions.

>what if it's that whale who dumped all his coins

I have doubts purely because that guy was selling below the current price at around a dollar, which is why it stayed at a dollar for so long. He'd be buying at essentially a loss, which is dumb.

Now let's think- RLC isn't even 'supported' by Coinbase. FTM did a 5X when coinbase merely added them to their list of supported products, not even a real listing but a hint that in the future it might be listed, then did another 6x more recently as adoption was apparent. Observing tokens added to coinbase this is generally consistent- most tokens will pump in these scenarios.

Assuming RLC moves upwards to 2 dollars in March when the legal opinion and other news is favorable, support from CB would push this to as much as 16 dollars and then a listing/adoption could push it to 80 dollars in a short period of time. This isn't out of the blue or moonboy talk, but merely observing patterns other coins follow in similar situations. I'm not saying it'll do another 10x and end up 800 dollars by 2022, but I'm saying there's a lot of mid-term upside once things start going.

Keep in mind that Stacks, which is also supported by Coinbase, went through a similar process to RLC to gain approval of the SEC and legal compliance so people saying this is strange aren't looking at other products. Stacks has not been listed in the USA yet, but they did this specifically to seek a listing with a US exchange.

>picrel: frame 2/6
Same thing; large books on high range, small books on lower range.

Another thing is the Intel FUD

IOTA and Dell are trying to cash in on data confidence (i.e, making sure data from wide-flung IOT sensors hasn't been tampered with as it moves through networks) and they realized that this requires a ledger. They chose IOTA as the ledger that they want to use to develop this.

However Iexec is partnered with Intel on AI development, not data tampering security. The insinuation it has been dropped is retarded- Iexec and IOTA and Link and other tokens are partnered with Intel for different projects.

The fact RLC is developing AI support makes it one of the most bullish tokens, besides other usecases such as decentralized cloud computing.

>>29913917
>picrel; frame 3/6
Same shit

>>29913157
I have been seeing anons posting iexec team on coinbase listing but it is somewhat vague for me.. are they trying to get listed or not? If so, then coinbase might be the buyer

>>29913530
I always think it's strange someone can buy a million dollars of RLC at the top, then some bots dumping like 50k over the course of an hour in response to BTC causes the price to go down like 10%. Binance is such a fucking shitty exchange it pisses me off.

>>29909869

Why you post later after the dip is gone?

I want to know if I can make good amount on Mochimo.org ?

>>29914090
>frame 4/6
Extremely large books to defeat, then we go down kek

>>29914144
Thats because the books are twice the size at high range compared to low range; means hard to pump but ezpz to dump. It took only a minimum amount to move the price down, makes me sick.

>>29914455
>frame 5/6
Bigger books on the high

>>29914283
Thanks just bought 500k, retard.

>>29914455
>rlc wouldn't dump at all if it wasn't so fucked by binance

>>29914283
RLC has an mcap of like 90 million why the fuck are you pajeets always shilling other projects here do you think we have extra money to burn on other meme projects?

>>29914552
>Frame 6/6, latest
Bigger books on the high again, on all intervals. Somebody at binance really hated this project kek. When will this end? I dont know.

>>29913911
Cozy

I dont buy all these "whales vs binance" shit but one thing is for sure...

NSMDO NIGGERS
NSMDO JEWS
NSMDO CHINKS
NSMDO PAJEETS
HEIL HITLER
FPBP
/THREAD

>>29913911
Seems right
>>29914034
Yeah what bothered me was the answer from Gilles "I don't know" but yeah i guess there is nothing
>>29914090
Yeah i saw it too here, but it looked so fake i didn't do further researches

>>29914764
>hated

Given that binance keeps accumulating I think the idea is with the release of the enterprise marketplace, Binance is in a position to monopolize sales. If there are exchange listings then Binance can set prices that other exchanges buy at and shorter term suppression allows Binance to accumulate and profit from making other exchanges buy from them- whether this is direct market buys or back-room set-price sales, Binance benefits either way.

>>29909926
I keked and based

>>29909869
Fuck you baby grammar shill. It's not cute when paid trannies and pajeets do it.

The market hasn't even killed the three times leveraged positions from the top. How the fuck can it reverse with that kind of cancer infecting it. Unless you think RLC is going to double in sats or some shit.