/biz/ - Business & Finance

>>9448702
cnbc said it after hayes did

>>9448710
They invited Hayes to the show precisely to let him make his prediction.

>tfw i fell for the "wall of institutional money will drive the price up" meme

ive been holding for 6 months and im so fucking close to cashing out everything

>>9448710
Also, Hayes has huge Bitcoin bags. His bags are much bigger than the market could absorb. They need more buyers so that they can dump and finally make money. After all, you only get rich when you sell.

>>9448702
Yes, they want to buy as cheap as possible.

>>9448710
That guy admits to not holding any cryptocurrency and makes more money when it's going down.

>>9448702
institutional investors are happy to take a guaranteed quick 10% over a potential longterm 500%

in unregulated crypto this leads to them dumping and buying every few days, extracting free cash

>>9448751

So many people around here take "Big News" as gospel.

And it's not to say big money isn't coming in, but the big players know what news goes out just like you. Which is why we see this price manipulation. They are getting people to buy into these bull traps to take peoples money and get lower buy in points before the real money comes in. There's no chance they are going to let all these weak hands stay in.

>>9448702
Do you think advertising crypto to women is also a campaign to get more bag holders?

>>9448702
The money they're talking about has to fill out a form for every trade they make. It can't reasonably justify the purchase of a commodity where the exchanges ignore and sometimes participate in wash trading, spoofing and money laundering.

Wake the fuck up and stop expecting slow-moving institutional money to instantly respond and flow around fucking memes. It literally can't. The sums are big enough that fucking AIs and dark pools are involved at that level and they'd throw market forces out of equilibrium if they started speculating like a fucking neet.

Institutional money will flow in a few quarters to years before regulations are tested enough to let the pension funds in. Once the pensions are in, they can cash out against them and move to the next opportunity (North Korea).

You are not right. The timetable is still on.

>>9448775
https://www.bloomberg.com/news/features/2018-02-01/bored-with-banking-this-former-citi-trader-went-full-crypto
>For Hayes, this is no time to be cautious, even if he keeps all of his wealth in U.S. dollars, the epitome of noncrypto.
>“As a trader,” he says by phone during a break from the slopes, “this is the best thing you could ever have. We make more money when the market goes down. We love this volatility. This is what we do.”

>>9448783
>That guy admits to not holding any cryptocurrency
Yet he says Bitcoin is going to 50k. Why isn't he buying, then? It all sounds like a plot to attract retail investors to buy their bags.

>>9448864
>Do you think advertising crypto to women is also a campaign to get more bag holders?
Absolutely.

I don't know why the fuck you guys aren't grateful for this extended accumulation period. I'm buying shit left and right.

I think the institutions are too stupid for the good crypto. They will deal with xrp and eth and lose money or get al little but the fucking great ones like WAU Coin that always go up and pay secret rewards they will say its too good to be true and they dont see blazer wearing jews so they pass. So fuck them they can eat shit with XRP while the few who own the best are cheering everyday

if you haven't yet caught on, the one big takeaway from this conference is that the suits are taking over crypto. institutional money is already in, you just didn't notice how subtle the transition was.

>>9449099
>I think the institutions are too stupid for the good crypto.
Crypto works for the small guy who invests 1k and can easily sell his investment whenever he wants. Now things get a little more complicated if you're managing a $50 billion hedge fund. There's simply not enough liquidity in crypto for you to sell your investments without crashing the price to zero. Other hedge funds are not going to buy your bags. The solution? Attract new retail suckers to the game by releasing bullish news about the 'opening of the institutional floodgates.'

>>9449131
fluffypony keeps saying this. everyone is from deloitte

>>9448751

This will go down as the great meme of 2018

>>9449099
>the one big takeaway from this conference is that the suits are taking over crypto
That's the story the suits are telling you. Why would they make all these announcements before they get in? Why would they pump the price of the commodity that they want to buy?

>>9449051
Yes, that's what is happening right now. It will probably go below 6k by the end of the year.

Look how accurate I've been so far. I will add now that we may even see below 6k during the summer. It's red during scamsensus, wasn't this supposed to pump it or is everyone cashing out for memorial day?

>>9449239
This was the pic in that post, also me, and the pic is the 2014 chart which I tried telling people about during the "january dip"

>>9449233
that's what im saying, read carefully. the big money already bought, pumped, and dumped on the retail investor. now that they scared away all the normans, they announce their entrance publically and market to a new set of suckers.

>>9449306
>that's what im saying, read carefully.
Ok, now reading again I agree with what you said.

>>9449296
Nostradamus, is that you?

if you have been watching the 'when moon' conversation, you'll notice how they're controlling the narrative to excite the retail investor

Well bitfinex did not minted any tether in a while. Does this answer your question?

>>9448702
No, wrong

Stop talking out your ass. Biggest otc volume ever was at 6500 it’s never going below that again

Saged and retarded

If you wouldn't describe what happened at the end of 2017 as the 'herd' in "the herd is coming" then I've got a bridge to sell you.

The institutions lifted their sell walls and let the plebs pump it to 20k. Why is establishing a ceiling so high important? So when we dip to 13k everyone thinks it's a massive dip and dumps all their fiat in to BTFD. You see that 2 year long accumulation period at ~$300? Those are the bags we are now buying. It's one massive wealth transfer, and the banks win again.

>>9449903
absolutely this.

>>9449903
Most normal people I talk to either don't know what crypto is or violently reject it as a scam. Adoption will far outweigh speculation

>>9449890
how do you know the volume of otc trades?

>>9449950
Adoption is binary. Either there is total adoption, or someone in the chain needs to sell the crypto into fiat. ie. Who gives a fuck if a merchant accepts BTC and it's just a middleman terminal that market sells the crypto you just spent, and converts it into fiat cheaper than a Visa transaction. It's still massive sell pressure.

>>9449961
He doesn't.

>>9450030
Liquidity increases valuation over time as people become certain they don't have illiquid assets.
That use case is a killer app and it's why I have been accumulating GRAFT. At every touch point with crypto a merchant will have to decide where they want to store their wealth. A conservative company may want 100% fiat but a more risk accepting one may want to keep 5% eth, for instance.
As these touch points enter the market then all it takes for merchants to adjust fiat/crypto conversion ratios is a decline in value of fiat or a favorable disposition on future value of crypto.

>>9449084
Be prepared to hold for over a year.
Probably a couple hundred bought around the start of this and sold in the middle.

>>9449447
Nope, my predictions were mostly just me looking at the 2014 chart and thinking how it could look the similar this year.

In january tether was the main "FUD" and the moonboys would say 2018 couldn't possibly look like 2014 because "mt gox".
I still think a tether happening will have a greater effect then the mt gox seller.

A low estimate of the amount of new money needed per day to not have the price dump.

1800 BTC mined per day * 6k (they all sell at the "bottom") = 10,800,00, let's say $10 million.

"$20 billion 24 hour volume", let's just say $10 billion. With 0.1% trading fees that's another $10 million, not even taking into account withdrawal and other fees(?)

>miners are HODLers
>exchanges aren't misleading everyone with fake volume
Pick one moonboys.

Some merchants sell part or all cryptocurrency they get into fiat, like Peter Schiff, a gold shill who doesn't like bitcoin + scams, thefts, any situation where someone gets crypto and doesn't want to HODL = about $1 million per day

https://www.reuters.com/article/us-ico-ernst-young/more-than-10-percent-of-3-7-billion-raised-in-icos-has-been-stolen-ernst-young-idUSKBN1FB1MZ
This doesn't take into account 2018 ICOs ($1 billion plus telegram ICO but it was probably done it fiat but eos tho), the tokens that they give to themselves and sell, and I don't think it takes into account the price increase of ethereum so can I please just say $4 billion raised and they will sell half this year?

4 billion/365 = 10958904.109589
divide by two and round to get another $5 million

>ICOs such as eos don't mislead us about how much they raised
>ICOs are HODLers
Pick one moonboys.

Who do you think is causing the barts? Their algos are in control

The market is being suppressed for them to enter at the right time. Simple. No crash, its stagnant cause they want to invest in the market longterm. Bull run is still on for 2018.

>>9448702
>>9448702
>My theory is that institutional investors already got in last year, but now they realized that there isn't enough liquidity to dump their bags. So they need to attract a host of new retail investors to buy their shitcoins before they exist and never look back.

so trading is just a ponzi by that definition?

>>9451444
Check'ed.
Think about those early adopters who have 50k+ BTC. How the fuck are they supposed to liquidate that investment? They need to pump the hell out of it before they dump.

>>9451059
>Bull run is still on for 2018
How?

>scamsensus will cause le bullrun

https://www.reddit.com/r/CryptoCurrency/comments/8jbtwk/cnbc_reported_that_coindesks_consensus_2018_has/dyyiliw/
>doesn't even accept cryptocurrency

https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html


>>9451444
No but bitcoin in it's current state is

>muh tech and muh smart contracts will change the world
>bitcoin "store of value" crypto"currency" must stay #1 because it was first
>the bankers must stay rich because they were here first
Pick one moonboys.

No bullrun until BTC isn't number #1 and a forked coin such as BCH can overtake BTC as what happened with ETH/ETC and monero/bytecoin. Could also happen with ripple/stellar.

>but whales will lose all their money
No look at bytecoin and ETC
>but you need BTC to buy alts
That's changing with new exchanges like robinhood and other altcoin exchanges like binance or poloniex possibly getting fiat
>but you're a bcashie
Mostly still have BTC as I'm shorting it and I'm okay with something else overtaking it because I'm not a bitcoin (cash) maximalist like you

1/2

>>9448702
>CNBC says Bitcoin will go to 50k
Considering that it's only $1,300 right now, that's a hell of a bump.

>>9451444
>>9452069
>No but bitcoin in it's current state is [a Ponzi]
I agree. Bitcoin isn't providing any value to society. The number of merchants accepting it has fallen since 2015. Why is Arthur Hayes predicting that a useless and costly commodity will appreciate 5x in a few months? Is this based on what fundamentals? The answer is, he and others are just trying to pump their bags. It's a Ponzi when you got no fundamentals other than 'buy this because it will go up in value.'

>>9448702
sit tight until Q3 and Q4 fren, accumulate

>>9452069
BCH more likely to reach $1 million
Gold marketcap is about $7 trillion, if BTC reaches that it will be about $333,333
https://www.reddit.com/r/btc/comments/7kl968/mcafee_in_the_next_3_years_bitcoin_cash_will/

https://www.ccn.com/flippening-between-bitcoin-ethereum-will-happen-in-2018-roger-ver/
Look up what Vitalik said about BCH

Biggest miner's response to a proposed POW change
https://twitter.com/jihanwu/status/967241694109302785
>That is cool. When you achieved it, Bitcoin's market share in the cryptocurrency will fall under 10%. Good luck!

Before some brainlet still tries to reply to this with something about "chink miners" please realize that BTC and BCH have the same miners.
arewedecentralizedyet.com

>but muh nick scabo and muh nodes
Investors don't give a fuck about the nodes or "decentralization" look at eos (I know about the block producers vs mining pools eos shills and I agree but most don't)

The Cobra guy doesn't even hate "bcash", look up the things he said about and the words removed from bitcoin.org this year.


Ripple investor and BCH miner calls BTC a shitcoin?
https://cointelegraph.com/news/japan-finance-giant-sbi-holdings-to-launch-crypto-exchange-in-summer-2018
>Yoshitaka suggested that BCH would be regarded as the settlement currency, as the scarcity of BTC makes it expensive and “tiring as a settlement currency”. He added that XRP would be a remittance currency.
>While the launch date of the exchange remains unannounced, the SBI president stated that the exchange “will be number one in the blink of an eye.”
I think there were some translation mistakes, "scarcity" probably doesn't refer to the number of coins as they are the same, he probably is referring to the unreliable confirmation times and "number one" might just be number one in japan.

>>9453162
This cheap BCH shill killed a nice thread.

>>9453920
This

>>9450972
too long didn't read
My linky stay super stiny
i am not selling

>>9448702
definitely

you think goldman sachs and other investment banks are gonna buy the shitcoin bags of autistic neets?

>>9448702

CNBC is a contrarian indicator anon. Even more than /biz/ do the opposite of what they say.

I'll just drop this. They're definitely coming. They just have to hire a few of us first

>>9448702
You’re mostly correct. Top fund managers were already in cryptocurrencies in 2017 if their risk exposure allowed them to do so.

Source
https://www.zerohedge.com/sites/default/files/inline-images/long%20fang%20%2B%20bat.jpg?itok=klVuzwdp

>>9455252
That test is easy. Is that all it takes?

>>9455453
It doesn't stay easy. That's just one section. There's a mental math one too, but that shit was cake

>>9455482
That got harder but I'm assuming you're allowed to use a spreadsheet, right?

>>9455482
-15 and I'm not sure why I took the time to solve this

>>9453920
It was one of the better threads in a while, fuck him.