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/biz/ - Business & Finance

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8402512 No.8402512 [Reply] [Original]

watching the order books on Bitfinex for a new minutes. Literally nobody is buying or selling anymore and it's extremely obvious. wtf. whales aren't even hiding it now.

the wash trading is the only thing happening. all the volume is fake. just a few whales hoping to catch a couple idiots selling or buying along the way every hour.

wtf does this mean

>> No.8403185

>>8402512
No buyers, no sellers means price is down to zero

>> No.8403240

It means they are making infinite money from shorts/longs. If you control the price, you can easily manipulate any exchange that allows leveraged shorts/longs. It's really ingenious. You're witnessing some of the most impressive market manipulation I think we've ever seen in financial terms.

>> No.8403261
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8403261

>>8403240
>It means they are making infinite money from shorts/longs

>> No.8403318

>>8403261
kek

>> No.8403700

wash trade niggers need ideal genocide tbqfh.

>> No.8404212

>>8402512
>watching the order books on Bitfinex for a few minutes
>Few minutes

Knows the way of the entire market..
>State of /biz/

Tell me mr Brokerman, you must also be all in on Chainlink aren't you?

>> No.8404592

I think right now the buyers are traumatized. Which means the fomo is going to be amazing when the whales decide to pump it.

>> No.8405572

>>8403261
Yes dumbass. The very thing bitcoin was born to be against (controlled by a few entities) has happened to itself. Nobody uses it and it was inflated by its thin volume. Now that it's in 100s of billions of dollars the manipulation is more common as there were more whales born during December. Now the whales are battling each other under cutting one another until we reach it's true utility value which is something closer to $50-$300 as that's how much it used to be when it was used for drugs. Now people use Monero which is priced around $200 which is in that same range.

>> No.8405619
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8405619

>>8404212

okay it was like 15 but didn't want seem like a drool who stares at orderbooks.

It wasnt normal. 1, 2, 5 for sale every 10 dollar jump then suddenly 550 for sale. nobody would buy them. nothing happened when the wall approached. then it vanished, or a new one appears after for like 30, and instantly some buy roders appear out of nowhere and buy them all up at the same time. rinse and repeat.

and no sir, don't own any chainlink. I dont shill what i hold, doesn't need it