/biz/ - Business & Finance

>>51124692
AAAAAAAAAAAAAAAAA

>>51124692

>>51124692

>>51124692
They aren't going to be market sold on an exchange, they will be sold to a whale OTC, shouldn't do anything to the price.

>>51124719
cope

>it's another mtgox releases coins episode

>>51124732
>it's another price is already down 70% and bulltard bagholder refuses to recognize the gravity of the situation episode

>2 more weeks

2.8B/387B = 0.007235142118863049 = 0.72%

So a dump from $20000 to $19855.29

Fucking big deal, morons

>>51124719
thats true but dont think just because its otc it doesnt effect market price beyond short term, theres still net buys lost

>>51124757
Lol

finally tomorrow the mt gox fud will be put to bed

>>51124757
no one tell this retard.

>>51124719
>Buying boomercoin OTC
>In this market
Maybe at $5k each lmao

>>51124757

>>51124719
you're an idiot in your own ignorance
>buy bitcoin OTC, usually at a lower price
>sell BTC on the market at a higher price
biz is so fucking dumb sometimes it's painful

>>51124757
absolute nigger

>>51124757

>>51124692
So is it happening or what? I feel like this was threatened for months.

>0.7% if bitcoins market cap
>probably only around half of them selling
>so 0.3% getting dumped
how is this a somethingburger?
can someone explain this to me

>People forgot how much a trillion is compared to a billion.
>People think the riches only have billions.
>People are fucking stupid.
>"You see what i did there with the money to make it seem like you took a massive hit while we conduct your taxes in Panama.
He knows exactly what hes doing.

>>51124692

>>51124732
They did that in 2018 as well and I think that ended the bullrun

>>51124892
because 100% of coinage is not being actively sold and bought every second of every day
let's just pretend, for a moment, maybe it's 25% of all circulating bitcoin is on an exchange right now being traded (it's way lower than that)
this means, conservatively, your retarded math means 1.2% is being sold
even further, consider for a fucking second there are x% being sold at 30K, 40K etc

for sake of argument, we're at 20K right now
99% of 20K is $19,800
now i'm going to look to see how many bitcoin stand between 20K and 19800
>About 800 BTC

The Mt Gox amount is about 100K bitcoin
Are you starting to understand or should I keep typing?

mtgox saved those guys tons of money by hodling their coins. how many of them would have sold too early if they had their coins. i dont think a lot of them with sell now that we're near the bottom

>>51124932
this

>>51124948
This isn't all their crypto holdings

>>51124892
It’s enough to make a clear difference, but you won’t be able to point to the difference because it will spread over time, and even the transfers aren’t all going to happen right away.

>>51124692
free cheapies

>>51124948
The price of BTC was $600 when gox got hacked and people are only receiving 20% of what they had in their accounts at the time.

20,000/600*0.2=6.66

They had to wait 8 years and got a 6.6x return. That is fucking terrible

>>51125000
yet another reason to ride the wave and keep hodling

>>51124932
Oh fuck

>>51124757
>BTC float is $387B
based retard

unironcally priced in

>>51124692
Priced in

>>51124757
Everyone point and laugh

finally

>>51124757
If someone sold me 1 BTC for $10 would it decrease the market cap by 99%?

>>51124955
>>51125028
"Oh fuck" is right.
Bitcoin is going progressively down. Many people would happily take a few hundred thousand dollars WHILE BITCOIN IS GOING DOWN AND THE DOLLAR IS GOING UP. More importantly to what I typed above consider that bids CAN BE REVOKED AT ANY POINT.
So if you have
>100 BTC at 20K
>100 BTC at 19K
and so on, if the cascade starts speeding up bots will simply revoke their order, allowing it go further. Thus, I think it's quite unlikely there are even 800 BTC between 20K and 19800, as they can be removed at a moment's notice.

People downplaying Goxcoins are economically illiterate. Go to the MtGox subreddit and see how many people have been frothing at the mouth for YEARS to sell this shit. People that used MtGox (Magic the Gathering cards) were not particularly rich, skilled, or intelligent. Bitcoin was only used as a means of exchange. It wasn't some $69,000 Tesla balance sheet Russian or North Korean sanctions skirting dark web project. Many, many of these people unironically NEED that money back. They needed it back fucking 8 years ago. And as we go lower, and lower and lower. The Fed is hawkish, hawkish and hawkish. The amount of cope believing "Only 0.3% of the supply lmao!" is about as dumb as folks that believe a 10% chance of rain means they're not possibly going to get fucking soaked.

>>51124719
This is wrong but exactly what's going to happen. Truly a nothing burger. Good man

>>51125077
Christ i remember faggots like you back in 2018. Fuck your mother retard

>>51125000
>trips
>666
im out

>>51125091
Cope. I remember people like you in March of 2018 as well.
Keep hodling your Nano, EOS, and Waltonchain.

>>51125061
>>51125068
Priced in and probably will rally. Set a long and take profit around 21k. Max 20x leverage.

>>51124719
Fresh copium early in the morning.... 2 more weeks for OTC trade!

>>51124932
>>51125077
So this is what governs the irrationality of the markets,why it can go so high up and so low down,this plus the sentiment
>even further, consider for a fucking second there are x% being sold at 30K, 40K etc
What do you mean by this,you mean someone is willing to buy BTC for 30K or 40K for some reason at this time or they are required to do so?

>>51124719
>>51124732
>>51124757
>>51124892
>>51125061
>>51125068
>>51125091
>>51125135
shit like this makes me want to hold shorts below 10k

>>51124757
You're on the right track Anon. But you forgot to factor in the Dunning-Kruger effect.

Fake tweet

>>51124719
The whale who will then proceed to short the market with them >>51124719

>>51124769
i wish. nothing’s gonna happen. they’ve been saying the same shit for years now, those faggots still dont realise they never gonna get it back and we’ll gonna have same same ol’ mtgox fud for years to come.

>>51125221
Nope, it will be a BTC maxi whale who will stick them in a cold wallet and hodl. They won't sell them to anyone else.

>>51125319
From reddit:
"There is so much fud on twitter today about coins being released tomorrow. We haven't even registered for payout. Once that happens it will probably be another couple months at least before funds are sent to exchange addresses."
You're right,I thought this shit was over

>>51124692
>TWO MORE WEEKS — Q

>>51125061
>>51125068
>>51125135
You cannot "price in" a massive sell order. The price just dumps lower than what it was already "priced in" at because you're eating through almost the entire fucking order book.

This is on the same level of people who think because it's only 0.7% of the market cap that means it's only capable of moving the price by 0.7%

buying opportunity
btc anything below 20k
eth anything below 800
bnb anything below 150
Link just buy

>>51125393
Post your short.

Imagine if they all sell tomorrow and buy SHIB

>>51125508
I don't hold money on an exchange because I'm not a retard, let alone opening shorts.

>>51124692
Are they the actual coins off the blockchain or are they the cash refund for the value of the coins? Because if it's the cash refund, they are going to be put into the market

>>51124932
This, order books are only so deep. Mcap just equals total supply by last sold Btc, doesn’t equal the amount of liquidity on exchanges. 3.2 billion sell orders will decimate the price. 10k bottom at least

>>51124692
at least half million will be immediatly dumped
>>51124757
anon I told you to not eat that crap now you suffer from severe retardation

>>51125162
Do it bitch nigger

>>51124692
this is a bullish unlock

>>51124719
>OTC
how does that work? how does someone find potential otc buyers/sellers? how is the transaction guaranteed?

>>51124719
>whale buys bulk for discount prices
>dumps them on the market
>price goes down
>Buys back and increases his stack
It's over

>>51124757
absolute state of bulltards

>>51124719
Yeah and the whale will totally not sell them right

Based retard

>entire thread thinks tokens will be market sold tomorrow
>i spend one second looking it up on reddit to see its not true
if this isn't proof that biz is just one giant pool of retards then idk what is

>>51125000
Trips checked

>>51125755
Maybe stay there faggot

>>51124757
Wow u are a very special kind of retarded… u fucking super idiot zero IQ monkey nigger

>>51125764
oh shit look at that I just tabbed both 4chan and reddit open at the same time. LOOK I JUST SWITCHED BETWEEN THEM MULTIPLE TIMES IN A FEW SECONDS AHAHAHAHAHAHAHA ITS NOT A SECRET CLUB AFTER ALL LMAO

this shit is so funny all those bitcoins locked up in mtgox turned out to be a fortune for everyone involved but instead of dumping them all at the top they literally sell them at the lowest point coming after the top

you cant make this shit up

>>51124719
OTC whales absorbing billions in BTC don't grow on trees. I highly doubt they will be able to find such a trade. For comparison, LGF didn't, and they had even smaller amounts.

>>51125800
I highly doubt they really care about whether their profits are 100000% or 40000%, it's still huge

>>51124692
on a sunday?

What do these newfags gain from spreading this rumor, are they all short or something? or I guess they panic sold or got liquidated and want price to stay low while they wagecuck.

>>51126235
they're high esteogen late adopters

>>51125077
The Mtgox subreddit is private

>>51125800
by the time half of them get around to selling it will have doumped to the center of the earth from the order books getting wiped
whenever they get released that is

>>51125368
link it retard. mtgox reddit is private Or screenshot.

>>51124757
excellent bait, really flushed out the low iq beartards

>>51126348
>>51125755

>>51125538
they will buy AQUA or XLM. Its the Age of Aquarius.