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/biz/ - Business & Finance

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8254623 No.8254623 [Reply] [Original]

Why is bitcoin still getting sold into oblivion? What's the point?

>> No.8254638

Why should it go up?

>> No.8254667

whales cashing out

buy now

>> No.8254683

everyone sees the long bear market ahead. get the fuck out if you enjoy money

>> No.8254688

>>8254638
Because so many top 100 wallets have all nearly doubled their stack from last year.

>> No.8254689
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8254689

>>8254623

>> No.8254745
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8254745

>>8254688
>Massive investment in magic internet meme money
>Normies scramble to buy in droves
>The vengeful spirit of Gox crashes the market once again
>Normies get burned hard, flee as fast as they came, only this time they warn everyone on the way out that crypto is a scam
>Top 100 wallets hoover up more coin, but can never sell or they'll crash the market even further

Welcome to the 2+ year bear market.
BTFD

>> No.8254755

>>8254623
to accumulate more

>> No.8254768

>>8254688
Thats a bad sign you absolute brainlet.

>> No.8254818
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8254818

>>8254768
Right. You would say the same exact thing if the wallets weren't buying back in.

>> No.8254846

Because everyone is shorting now and there's too much fud.
Who wants to buy now?

>> No.8254934

>>8254846
But the fuds taken care of. The bear whale is done till September.