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/biz/ - Business & Finance

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9867192 No.9867192 [Reply] [Original]

So when the market cap overall drops by 50 billion dollars or so, where the fuck does all this money go?

>> No.9867213

>>9867192
If you aren't trolling, what on earth are you doing on /biz/?

>> No.9867234

Wow mother-daughter??? So hot. Any moar.

It goes into the coffins of Stinkie Linkies

>> No.9867273
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9867273

>>9867192
the marketcap of a coin is just price*circulating supply. there is nowhere close to 280 billion dollars in the market

>> No.9867311

>>9867213
Just came over from Reddit to see what the good people of 4chan had to say.

>> No.9867325

>>9867192
market cap is unrealized worth

>> No.9867330

>>9867311
I'll give you a quick rundown
>how do I short America/the west/Europe/christian values?
>"Anyone else considering Suicide?"
>0xBitcoin!! Not a scam
>Hey I have a business idea, actually it's not so much a business idea but a topic that has something to do with selling - can I be successful
>I'M STILL HODL LINK. NOT SELLING!
>I'm looking for a job... hello? Helooooooo?
>How many x for a tho like her?

>> No.9867413

>>9867330
Cheers mate.

>> No.9867458

>>9867192
To the people who sold out brainlet.

>> No.9867547

>>9867458
Who sold?

>> No.9867630

>>9867192
https://www.reddit.com/r/SophieMudd/

>> No.9867749

>>9867547
apparently people who are now holding Tether.
at least 13% of volume in the last 24 hours has been between BTC and Tether, probably in that direction too. Tether has gone up 6.44% against Bitcoin in that time.
at least 9.36% of BTC volume was paired with USD.
Now of course this is just 'markets' and doesn't include Localbitcoins. But it gives you some kind of idea of where the money in Bitcoin is flowing.
Word is that the people who sold are the ones who were buying in at 9000 and have finally realized that they're never going to break even so they're panic selling - I don't have a means of verifying that (is there a wallet explorer that can aggregate how long people have been hodl for, you should be able to crossplot that against the price to see if people who entered the market before the bubble burst are those selling now I guess).

>> No.9867757
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9867757

Pajeet always has the best comment lmao

>> No.9867769

>>9867749
How do they plan to convert their tether to dollars? They would need to buy BTC again right?

>> No.9867848

>>9867769
er... no. Do you know what Tether is?

>> No.9867889

>>9867848
How can you convert Tether to dollars?

>> No.9867896

>>9867192
Lmao anon do you expect us to read anything you write? Ive got a boner like a fucking table leg RN

>> No.9867907

>>9867757
lmao

>> No.9867949

>>9867192
Over at coinmarketcap headquarters they have an enormous vault filled to the BRIM with all the worlds currencies. They have a super advanced AI (runs on a private blockchain) robot custodian that oversees the amounts and distributes them properly between the exchanges. To say that the 50 billion dollars just *disappears* is ridiculous, what actually happens is that coinmarketcap & ROBO works with an exponential managment fee and THEY take YOUR money. This is why Elon Musk warned against AIs

>> No.9867984
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9867984

>equal distribution of wealth

>> No.9868064
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9868064

OP could have done better, I think this is the best she has