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File: 84 KB, 400x400, bitcoin001.jpg [View same] [iqdb] [saucenao] [google]
5073217 No.5073217 [Reply] [Original]

Too many people trying to cash out of BTC

We've seen the price go down about $800 yet the market cap has gone up $10B
closer to 30-40B if you count that BTC was down around $800 when that cap dropped further and didn't recover

BTC is going down, but it's going down extremely slowly.
Every time it tries to fight it's way up, it's blocked by tons of sellers.
On GDAX there's a 1290 sell wall at 17250. That alone is over $22M

The volume of trading was higher when it spiked to $20K, but the volume has been steady at $13.5B and it's not budging much

What do you think is going to happen?

>> No.5073249
File: 88 KB, 500x213, Titanic_breaks_in_half.jpg [View same] [iqdb] [saucenao] [google]
5073249

>>5073217

>> No.5073297
File: 14 KB, 600x286, oh no.jpg [View same] [iqdb] [saucenao] [google]
5073297

Nothing, like always.
Bitcoin has proven itself already resistant to anything.

>> No.5073331

>>5073297
"God himself could not sink this ship."

>> No.5073386

It will likely crash. Obviously. People have been calling the top since $2k. Its $16k now are you fucking joking?

>> No.5073391
File: 75 KB, 645x729, 1513295591627.png [View same] [iqdb] [saucenao] [google]
5073391

>>5073217

>> No.5073408
File: 133 KB, 500x213, titanic gains.jpg [View same] [iqdb] [saucenao] [google]
5073408

>>5073249
Titanic gains to be had?

>>5073331
The titanic was insurance fraud. It's literally the Tether of cruise liners.

>> No.5073426

Reminder that those 155 mil tethers printed in the last 48 hours have stopped Bitcoin from dropping below $14k

>> No.5073445
File: 91 KB, 375x360, honk.png [View same] [iqdb] [saucenao] [google]
5073445

>>5073386
People have been calling the top since $.005.

>> No.5073801

>>5073426
Probably went into Ripple and BCH desu

>> No.5073833

>>5073217
xmas time, a small correction is normal

>> No.5073872

Look, I'm all in XMR and yet I can admit that BTC never crashes, it only staggers.

>> No.5073877

>>5073408
I'm sure glad there isn't any Tether of bitcoin to cause problems.