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14541413 No.14541413 [Reply] [Original]

What the fuck? Why are we pumping so early? We haven't even dropped to 9k yet, so why are we suddenly pumping? Why is it taking so fucking long to get to 9k?

>> No.14541431

>>14541413
It's a bounce. It's not done dumping yet.

>> No.14541437
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14541437

>> No.14541470
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14541470

>>14541413
Everybody expected it to go to 8-9k so now they need to be rekt

the market exists to wreck as many plebs as possible

>> No.14541497

>>14541413

We dropped to 9650

I was expecting 9500 and missed the boat LMAO

>> No.14541557

it always does the most retarded thing you have at the back of your mind could happen. We may see 1k, like seriously... but so we could 100k, Its like 50-50.

>> No.14541591
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14541591

>>14541557
based schizo coin

>> No.14541620
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14541620

>>14541413
>We haven't even dropped to 9k yet, so why are we suddenly pumping?

Because that's what everyone was expecting.

Same reason we breezed through 6,000 so easily a few months ago. Everyone was expecting a crash below $3,000 first.

>> No.14541713
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14541713

>>14541620
>>14541470
Looking at the graph, it was literally just two whales that pumped us back up. For some reason, every time we fall below 10k, a whale seems to pump the price up. Why are (((they))) delaying the real bullrun?

>> No.14541726

d e a d c a t
e e
a a
d d
c c
a a
t t

>> No.14541741

>>14541713
So they can accumulate

>> No.14541772

>>14541741
If they waited till it fell further they could get better prices though

>> No.14541814

>>14541772
The amount they can make from bottom shorters is probably more than whatever savings they get from cheaper bitcoin

>> No.14542047
File: 113 KB, 882x731, 1500705850558.jpg [View same] [iqdb] [saucenao] [google]
14542047

(((Dead Cat Bounce)))
(((Satoshi Nakamoto)))
(((Market Manipulation)))
(((Ponzi Scam)))

>> No.14542053

>>14541431
correct, but we're at the mercy of whales and have been since April

>> No.14542153

>pump it to 14k
>begin wyckoff distribution
imagine not knowing this
phase b just began

>> No.14542324

>>14542153
So DCA in?

>> No.14542337

>>14542324
just buy in now and sell at 13k+ again

>> No.14542439
File: 142 KB, 1616x863, IMG_20190628_100022.jpg [View same] [iqdb] [saucenao] [google]
14542439

>>14541413
Because you're not looking at the right memelines
Markets almost never trade in straight lines and trenches like most TAfags forecast

>> No.14542482

>>14541413
it's a trap

>> No.14542549

>>14542337
>whales pump it up a bit to accumulate
>omg we going to 13k+ again!!
No

>> No.14542639
File: 180 KB, 680x407, boged.png [View same] [iqdb] [saucenao] [google]
14542639

>>14541413
Because the time travelling was not larping 1800 coins are mined per day at 10k usd each those are 18M usd sold per day by miners.

If a day 19M usd enters the market btc price grows , if less than 18m enter the market the price falls.

But next year after the halving 9M will be needed per day to prevent the price to fall.

Once we go bellow fiat inflation next year the world will learn a hard lesson on the damage the keynsians have done as btc moons forever due to having less inflation than fiat.

>> No.14542676

>>14541713
Because normies need to completely forget about crypto and new fags and redditors need to be shaken out before things really take off. This isn’t a bad thing anon.

>> No.14542698

>>14542549
they aren't accumulating anon...

>> No.14542713
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14542713

>>14541413
>Why are we pumping so early?

do you really need to ask ?
notice how bitfinex is at a premium again when it was at a discount for the last 5 days

>> No.14542720

>>14541713
It just got pumped by another whale from 10.8k up to 10.9k. What the fuck are they doing

>> No.14542721
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14542721

>>14541413
also, he said 9.2k~, that means AROUND 9.2K, not EXACTLY 9.2k, and we already touched 9.6k in most exchanges.
that's why

>> No.14543060

its a whale super pump. anything could happen

>> No.14543078

>>14542721
Uh-no

If we don't break 11.2 or 11.3k we're really going back down, and it doesn't look like we're gonna hold there long at all if we do based on how steep the drop has been of late

>> No.14543108

>>14542639
>Once we go bellow fiat inflation next year the world will learn a hard lesson on the damage the keynsians have done as btc moons forever due to having less inflation than fiat.

THIS MAN UNDERSTANDS

>> No.14543150

>>14543078
Uhm...

>> No.14543153
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14543153

>>14543078
you're underestimating them
they know TA fags will fomo because of pic related

finex is going to pump this shit until tether explode

>> No.14543231

>>14541413
didnt you hear that they printed 200 million tether? i instantly closed my short. i knew this shit was gonna happen. the scam must go on

>> No.14543244

>>14541413
It's an obvious bull trap, I hate bearfags but it's the truth

>> No.14543288

>>14543231
it hasnt moved from any of their wallets. but maybe just the idea that more tethers got printed made whales fomo

>> No.14543321

12,000 is the target. Shorters get rekt.

>> No.14543327

>>14543288
except it has?
https://etherscan.io/tokentxns?a=0x5754284f345afc66a98fbb0a0afe71e0f007b949&p=1
the already moved about 26,7 million dollars into exchanges

>> No.14543360
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14543360

>>14541413
I made $7k profit off the rise to $13k and Tethered. I honestly thought it would go lower than $9.6k last night, so when I got home from work today and saw it back at $11k, I FOMO'd in. Then I showered, had a drink, relaxed and looked at the situation objectively. I realized this was going to drop like a stone probably sometime in the next ten hours, and immediately Tethered again. Look at it this way - this is either going to be the run to $16k, or it's going to descend/crab. It can't be both, and which is more likely looking at the TA right now?

BTC will retest $10.2k in the next 24 hours - screencap this.

>> No.14543379

>>14543327
oh noes, 26 million.
that moves the price 100 bucks, not 1000

>> No.14543442
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14543442

>>14543379
are you really denying the relation between usdt mc and btc price ?

>> No.14543480

>>14543442
>jun 12
did you just forget we retraced 25%?

>> No.14543530

>>14543360
Screencapped

>> No.14543559
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14543559

>>14543480
https://www.tradingview.com/chart/USDT/fHQGjpgT-R-I-P-TA/
watch the chart
there's about 30 days delay between USDT mc and btc

the pump we're seeing now isn't caused by the coins printed today
it's the 400M printed in June

>> No.14543606

>>14541413
Tfw bought the dip

>> No.14543628

>>14543559
thats nice, but it still doesnt explain the retracement

>> No.14543649

>>14543606
Tfw sold the dip waiting for it to dip further

>> No.14543662

>>14543628
that's just normal market behavior to a parabolic move
they are not retarded they just let it drop and waited for the market to calm down and now they resume the pump

>> No.14543674

>>14541726
>dead cat bounce higher every few years

>> No.14543681

If anyone here was a sane person who is legitimately convinced in long term profit they would just automate all their coins to sell at a certain price which they feel as acceptable and never open up an online anal sharpie selfie imageboard again in their life

>> No.14543683

if we don't get a red week after btc paint the biggest shooting star ever this will be 100% proof of complete manipulation

>> No.14543701

>>14543681
>trading btc for fiat ponzi

>> No.14543742

>>14541413
8.8k-9.6k was the area where the retracement would stop for a majority of people though. That or 7.5k and clearly we found the level.
Pushing 13k by the weekend

>> No.14543746

>>14542324
imagine falling for the fucking DCA meme in 2019

>> No.14543758

>>14543662
so what youre saying is
you cant predict the market based on tethers

>> No.14543765

>>14543742
We only hit 9.6k for like a minute though, I don't think this pump will last.

>> No.14543804

>>14543758
yes

>> No.14543818

>>14543765
suckers rally

>> No.14543822

>>14543804
thats not what you implied >>14543442

>> No.14543835

>>14543758
I honestly though they were going to wait for a big red weekly candle after the shooting star but apparently they have others plans

>> No.14543847

>>14543818
>we just needed to cool off for the next rally

>> No.14543893

Too many shorters, they're gonna get liquidated at least till 12k. After that, we'll see

>> No.14543909

>>14543822
well you can't ignore basic market behavior
but the break from 5k to 6k then following into 7k was 100% manipulation that was supposed to be resistance but it was obliterated

I'll make it simple
as long as they print new USDT you can DCA or buy dips etc because you can be sure the price will go up eventually
if they start burning coins like in October you sell at the first singe of a dip

>> No.14543970

So let me get this straight, your all butt hurt that Bitcoin is going up? Shouldn't ya'll be happy?

>> No.14544000

>>14543970
not everyone is a retarded hodler

>> No.14544033

>>14543970
Hodlers are basically chum for the people making money. Your coins dont move, so they dont affect the market. Your money has been absorbed into someone else’s profits, and if you hodl until you die, your coins move out of circulation forever.

>> No.14544140

>>14541413
I can't wait for the jews to shut it all down and reck all you faggot shitcoiners. The mass suicides are gonna be beautiful.

>> No.14544204

>>14544033
Hold until we die? That doesn't even make sense.

And if people did and the coins are lost forever then Bitcoin is even rarer

>> No.14544222

>>14544000
Sounds like your shorts got liquidated and you lost money. True story huh?

>> No.14544247

>>14541413
why do you think we need to go back to 9k?
did you not fill your bags at 4k?
are you really that fucking retarded?

>> No.14544277
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14544277

so uhhhhhhhhhhh when we sellin boys

>> No.14544334

>>14544033
Many people that burn themselves hard with speculation, not everyone is a fox, most are sheep. At least Hodlers are consistently accumulating, in good and bad times, keeping the casino alive with their idealism. Bitcoin would go the way of every failed shitcoin without them.

>> No.14544939

>>14544334
Hodlers are the equivalent of little old ladies playing slots in the casinos a penny at a time. They dream of hitting it big one day but what they are really doing is keeping the lights on for the casino and feeding the big boys.

>> No.14545219

>>14544939
I don't think they see it as a casino. Put 5k into Bitcoin in 2016 sell it during the crash, and you would achieve more than many neurotic gamblers. Just google "Lost a lot of money in crypto", not one of them Hodlers.

>> No.14546229

>>14541413
The whales are fighting, (((they))) are accumulating as much as possible and shaking things up. BTC can go down to 6k again or shoot up to 17k

>> No.14546489

>>14542053
What about that business with a huge wallet and the "i'll buy you" message or something?

>> No.14546663
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14546663

GooseCoin future coin
i buy

>> No.14546739
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14546739

>>14546663
this

get in while you can, dont say nobody told you about it

>> No.14546965

>>14543559
Is tether gonna show itself as a scam and fuck everything up?
What would even be the effects?

>> No.14547009

>>14543683
>needing more proof that it's manipulated

>> No.14547205
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14547205

>>14542153
>wyckoff
D or 1 hr?

>> No.14547424
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14547424

>Keeps getting pushed above 11.3k
FUCKING DROP AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.14547457
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14547457

>>14547424
of course , we are about to take off

>> No.14547591
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14547591

>>14541497
fuark, same here
I had set an automatic buy order, and that there btc fucker just brushed above it without crossing the line

>> No.14547606

>>14547457
It's too early for this

>> No.14547647

Clown world economics bitch, now we are gunning for $60k. You don't want to be in anything else except Bitcoin for the next few months, or would you like a repeat of the last 3?

>> No.14548015

>>14547606
Not really 1800 coins mined per day at 10k usd each it´s 18M per day.

As long as the market is buying more than 18m btc the price of btc will be on the rise.

While it's true that this prehalving bullrun seems way too early localbitcoin statistics show a lack of btc in the market.

Which means that people are buying and saving them.

>> No.14548028

>>14547647
It's too early for this, there isn't enough momentum. We won't make it in this run, we need to dump down a bit more first.

>> No.14548292
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14548292

>>14548028
>Iran crisis increasing oil price
>Lower interest rates announced
>Election year gibs debates
>Stock market not even growing with lower interest rates
>Boomers about to retire
>Qe infinity
>Libra to be Tether on steroids
>LTC halving
>BTC AND BCH Halving together

You guys are not paying attention

>> No.14548441

>>14542639
So... what you're saying is dump your saving in to BTC.

>> No.14548718
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14548718

>>14548441
100% , this is the best chance to make it for a normal individual.
Also btc is the best ready for a recession and will moon even more.

So this shit is ready for the worse circumnstances possible at this point.

Libra is too late to the party by next year btc inflation will be 1.80% and libra backed by a lot of fiat currencies will have a 3% of inflation minimum.

BTC won and BCH too if it survives the halving without any 51% attack.

>> No.14548746

>>14548292
I meant too early in that it should have dropped to at least 9k before the real bullrun.

>> No.14548754

>>14542639
What quantity Link and BTC are required by the halvening to pay off a few debts and live an upper middle class life?

>> No.14548784
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14548784

>>14548292
So what does all this mean? I know that LIBRA is going to be big, Facebook users are all normies and most of them have never traded crypto. Imagine if 1 billion people all get familiarized and trade crypto within a year. Facebook is too big to fail and it has the funding of the entire fiat currency, Literally all of worlds wealth has supported facebook by (((them))), They just throw money at facebook because it's part of their plan. Scary times ahead

>> No.14548795

>>14548718
Others I'm looking in to LINK, LIT, XSN (in that order).
Am I on the right track, boys?

>> No.14548842
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14548842

>>14548746
Too many people were tricked by whales in march everyone was waiting to fomo a year before the halving and the fucking whales bought at 4200 13 months before the halving fucking everything,

I saw that shit live the price went from 4200 to 5000 in a matter of minutes , after that people waited and nothing , then more people fomo.

Then everyone waited for it to go back to 4500 and it went up again to 7400 and everyone waited for 6000 and it went to 9000 and everyone waited for 8000 and it went to 13.000

Everyone now sees sub 10k as cheap because it is.
Notice how the price up goes 10x faster than the price down.
People are fomoing and only people selling are those that want to rebuy at lower price , but that level of selling and buying at lower price is becoming smaller and smaller.

We are mooning for real.

>>14548754
I would put all in BTC and no link or eth , the smart contract crap has not produced anything except propaganda to gain retards buying.

The fact that btc dominance is growing so much shows that big investors are not buying the muh smart contract idea this time.

Sure you can bet on chainlink to go to 10 but in my opinion that's fucking gambling , btc is the safe investment.

Inb4 linky shills

>> No.14548887

>>14548842
based

>> No.14548891
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14548891

>>14548784
Libra is going to have controlled creation and destruction of coins and controlled nodes(that earn fees).

But the wallets will be anonymous like btc wallets , facebook is going for the fees(and probably a proxy to buy btc as a corporation).

Libra is literalyl going to be supertether imagine to cash out by buying libra and buying then back btc in the next bullrun all without using cash a bank or anything like that.

>>14548795
No , proof of work based currencies only , ltc and btc would be the ideal ones.

But btc and bch will have their halvinsg after ltc so they are going to steal ltc momentum.

BCH is also riskier since it will be halving a few weeks before btc(and the hashing power can then move to btc for the fees as people fomo) causing bch to be very exposed for a few weeks.

>> No.14548933

>>14548842
this is only possible because they have infinite USDT to pump it tho
this shit can crash hard if tether is proved to be a scam

>> No.14549028
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14549028

>>14548933
Not true and i will refute that shit right now.

Let's assume that Tether is creating coins out of thin air and buying btc.

When they buy btc they are selling Tether which means that someone is buying Tether.

If Tether crashes and burns the only people that lose are those that bought those inflated out of thin air tethers and sold their bitcoins.

The price of bitcoin goes unaffected only the price of Tether.
The only reason that Tether seems to be a big part of btc purchases is because degenerate traders that buy low and sell high buy tether after they made an income and then rebuy at lower prices.
If tether is bullshiting their numbers eventually they are going to pay the price not the people inside btc, the supply of btc will not be affected by tether being fake printed only the retards that sold btc for tether.

Prove me wrong , pro tip you can't.

>> No.14549079
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14549079

>>14549028
>The price of bitcoin goes unaffected only the price of Tether.

USDT amount for over 65% of the buying pressure
you really think btc price isn't going to drop if 65% of the buyer vanish ?

>> No.14549096

oscillators just needed to reset

>> No.14549107

we aren't pumping you stupid fuck. It's literally just normal price fluctuations. Once we hit 20k we are pumping

>> No.14549127

>>14548746
wrong
you can't meme-predict what is happening to the world right now
BTC is part of the anti-fed plan and you are watching in unfold ELEGANTLY right in front of your eyes.
Think of BTC as a financial extinction event for FIAT bagholders. They will watch the asteroid for 20 years and then watch it smash them to nothing.

>> No.14549138
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14549138

>>14549079
>USDT amount for over 65% of the buying pressure

No because Tether buying pressure is not fiat being injected into the cryptospace.
It's fiat that entered before into crypto and traders simply put in tether in hold.

No one is buying tether with credit cards or cash.
The Tether buying pressure is all from traders with capital that entered crypto a long time ago ,and is simply constantly on the move.

If Tether dies the only thing that will change is that btc volatilty will be reduced as daytraders lost a safe heaven during volatile prices.

If that happens btc will be the safest heaven , that or leaving your cash in exchanges.

>> No.14549150

Honestly I'm buying more here. Its obvous the bear is over and we will hit ATH by end of week. Put all your money in right the fuck now, we will never be below 11k ever again.

>> No.14549159

>>14549028
Exchanges holding a vast majority of usdt will get fucked. Exchanges that collapse have historically been amazingly positive for btc prices.

>> No.14549183

Anons I'm afraid I'm a faggot newfag and have been holding all of my shit in exchanges. How do I effectively get them out?

>> No.14549188
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14549188

>>14549159
That's my point this idea of Tether will destroy btc is bullshit if Tether is being inflated to hell then once the bubble pops Tether explodes and btc goes unaffected only people angry will be tether bagholders the btc supply goes unaffected and the demand on Tether was never cash being injected but cash being traded in and out of tether to speculate.

>> No.14549194

>>14549138
lol that's clearly wrong USDT is used to buy BTC directly on exchange
just look what they are doing with printed USDT

your post make zero sense

>> No.14549232
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14549232

>>14549183
not your keys not your coins

coinomi is a trusted wallet that holds many different cryptos

>> No.14549256

>>14549194
>your post make zero sense

It may not make sense for a first worlder that never has seen cash fail.
But it's the truth only people buying Tether are traders having their wealth in a stablecoin during trading.

No one goes to an exchange and buys first tether then btc you fucking buy btc directly.

The only reason someone would buy Tether is because as a stablecoin it's better than converting your coins to cash in a certain exchange and hopping they don't go broke or hacked.
And converting it to fiat during trades mean getting rekt by kyc , taxes or bank accouns freezing your money.

So they use tether for that the price of btc/tether is a free market price and if no one buys tether because everyone think it's going to explode then Tether price goes to hell btc is not affected.

>> No.14549264

>>14549159
>exchange collapse is positivr for btc prices
Lol wut

>> No.14549276

>>14549183
You fucking retard , get them asap , hardware wallet like trezor if possible.

But a software wallet is even way better than exchanges as they tend to be rekt from time to time.

>> No.14549290

>>14549264
it tends to be true what anon says because they usually collapse when they can't pay all their coins or are hacked.

Both are bullish for btc because it means that a lot of liquidity disappeared from the market.

>> No.14549315

>>14549256
wait I think I understand how retarded you are
do you believe that miners are only selling in USD or fiat ?

>> No.14549322

>>14549290
Oh yea that mt gox event really made bitcoin prices soar

>> No.14549342

>>14549315
If miners are selling for Tether then they are the only ones that get rekt if Tether fails.

BTC price again goes unaffected , tether is not an intro of money into btc , it's simply a place where people hold their wealth if they fear btc volatility at the time.

>> No.14549351

>>14549127
>You can't predict what the price is going to be
what

>> No.14549369

>>14549183
just hacked your account thanks for the bags

>> No.14549386

>>14549342
WHO ARE THEY GOING TO SELL TO ONCE USDT GOES UNDER FAGGOT ?

>> No.14549417

>>14549290
>Both are bullish for btc
Do you work as a stand up comedian?
Cause that wasn't funny

>> No.14549458

>>14549386
To the same people they have always been selling , the only reason tether shows as most of the volume is because it's traders entering and selling moving their wealth but money in crypto is entering throug fiat every second.

If Tether disappeared today the traders would do the same shit instead of buying usdt they would depostit their btc into an exchange , move them to usd inside the exchange and rebuy.

Only reason they do this with tether is because it's easier atm.

And in a year they will also have libra another stablecoin like tether but on steroids.

>> No.14549492
File: 92 KB, 638x1000, 1541979534220.jpg [View same] [iqdb] [saucenao] [google]
14549492

>>14549417
Every hacking on an exchange or exchange collapsing has triggered a bullrun , the last example is binance funds are safu exchange.

They had to buy 8000 btc asap to prevent panic and the price went up during all that week massively even tough the news was all over and the chink was even talking of doing a 51% attack to reverse the hack top kek.

Even then we had a small bullrun that week.

It's easy hackins and exchange collapse remove liquidity from the market that reduces the supply of btc in circulation and the price goes up.

>> No.14549505

>>14548842
Bitfinex is pumping it with Tether, dipshit.

The way the market is moving makes absolutely no sense, and has not made sense for months, unless you look at it through the lens of pump-and-dumping.

Ol' Finex is in trouble again, and needs to make a lot of money really fast. How do you do that? Pump it with funny money, dump on FOMOing morons, cash out fiat, print more funny money, repeat.

People actually believing this pump and trying to rationalize fundamentals-based reasons for it are so naive and sad.

>> No.14549524

>>14549458
this lever of stupidity is truly impressive
just go back to plebbit faggot your reddit spacing is showing

>> No.14549595
File: 8 KB, 300x168, Smug.jpg [View same] [iqdb] [saucenao] [google]
14549595

>>14549505
Bitfinex is again trading brainlets , the money inside bitfinex is fiat that entered a long time ago and traders are gambling there which shows as the most volume.

The volume that you brainlets should pay attention is the one entering through fiat not the traders moving money already injected into crypto markets.

All that shows is the same 25b entering and moving in many cryptos for speculation and gambling by degenerate traders.

The true story is in the money entering everyday from fiat into exchanges and cryptos.
That's what moves the price long term and the current price makes 100% sense.

Look at fucking localbitcoins data(a p2p btc exchange from cash to btc).

Look at global volume growing

https://coin.dance/volume/localbitcoins

and most important this one of the usd traded being stable

https://coin.dance/volume/localbitcoins/ALL

and THE MOST IMPORTANT IS THIS ONE

https://coin.dance/volume/localbitcoins/ALL/BTC

The last one shows the BTC being traded , notice how the usd being traded per week is stable but the BTC volume HAS COLLAPSED.

Check may 2017 BTC VOLUME IN THE LAST LINK and then BTC VOLUME IN MARCH 2019

as you can see there is a scarcity of btc on the market.

You degenerate faggots daytrading can't see beyond bitfinex moving money inside cryptos.

The true cause of price movements is the moeny being injected and the btc supply.

And in this charts you can see the usd supply being stable and the btc supply decreasing fast.

We are mooning 2017 levels in a few months , the last link does not lie.

>> No.14549597

>>14544000
>>14544222
trips tells a story

>> No.14549632
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14549632

>>14549505
>Bitfinex is pumping it with Tether, dipshit.

And in order for them to do that someone needs to sell their btc for tether , if tether collapses the retard that bough tether loses not the one that bought btc.

>>14549524
Degenerate Bobos daytrading can't make sense of anything wich is why you trade shitcoins all the time and end up lossing more than you win.

>> No.14549659
File: 21 KB, 262x550, coin-dance-localbitcoins-ALL-volume.png [View same] [iqdb] [saucenao] [google]
14549659

>>14549595
>usd being traded per week is stable
Not even according to your link

>> No.14549694

>>14549659
https://coin.dance/volume/localbitcoins/ALL

and THE MOST IMPORTANT IS THIS ONE

https://coin.dance/volume/localbitcoins/ALL/BTC

Check this two links you fucking brainlet one shows usd being traded the other btc both are of the same dates.

USD levels have been the same since feb 2018 btc has been collapsing fast since march 2019 same way it collapsed in may 2017.

Which in brainlet terms means that people are trading the same ammount of usd but buying less bitcoins because there is a scarcity of them.

>> No.14549762

>>14549694
Compare now to 2014 and 2018 dumbass.
It means the market is shrinking as if it were still in a bear market.

>> No.14549792
File: 50 KB, 1024x1024, Bitcoin.svg.png [View same] [iqdb] [saucenao] [google]
14549792

>>14549762
WRONG it means exactly the opposite of that.
If we were in a bear market the price would go down.
But it's not. It's going up.

>> No.14549817

>>14541413
its the chink banks stealing more money from you western plebbitor millennials. congrats you dumb fucks, for falling for the most manipulated gypsy hustle ever imagined.

you know those con artist games that arabs do with the 3 cups and you have to guess teh one with the ball in it? thats literally waht china is doing to you with crypto. morons

>> No.14549823

>>14549792
>what is a bear market rally

>> No.14549830

>>14549762
in 2014 mtgox was the top market anon , localbitcoins became a good source of info after that.

What you are seeing from 2016 to 2019 in localbitcoins is the purest data of the crypto markets.

Demand is constant , supply is collapsing only one way the price can go.
Up

>> No.14549853

>>14549823
>What is a halving

https://www.tradingview.com/chart/BLX/oKh54NhX-Bitcoin-Halving-and-Charting/

The price always went up from a year before a halving , this one is stronger due to the low inflation level that bitcoin already has.

And once btc has lower inflation than fiat after the halving it will break the long term trend and go up even more than anyone expects.

>> No.14549869

>>14549853
Theres no fundamental reason price top cant front run the halving.
In fact im ready to believe this time "will be different"

>> No.14549907

>>14541431

>it's just a bounce bro

Not how small retraces work in a parabolic movement

>> No.14549919

>>14549869
it's the inflation level , btc inflation level will be 1.80% year after the halving , go check fiat inflation levels that's all you need to know.

When the fiat that is used to meassure you is lossing purchasing power faster than your crypto then you go up relative to fiat.

So yea , this halving will be different , because there will also be an inflationary momentum to it.

The main thing that moved us over 10k however was the lower interest rates news , not the libra announcement.
But they came to close together and btc surpassed every expectation.

And if you see btc supply collapsing here

https://coin.dance/volume/localbitcoins/ALL/BTC

Every fucking week then you can bet that week will be bullish.

>> No.14549955

>>14549919
Btc has been appreciating against fiat since the beginning.
Its internal inflation rate may not and probably does mean anything

>> No.14549999

>>14549955
Sure it means , do the math miners earn 1800 coins per day at 10k each it's 18m that they have to sell to pay electricity.

If people buy more than 18m per day btc the price grows.

After the halving reduces the inflation rate miners earn 9m per day and now if people buy more than 18m then btc super moons non stop for weeks.

The thing is that as this ammount goes lower then it's easier for btc to keep a higher price bottom.
Specially when fiat is lossing power faster and btc miners sell less and less to keep the network going.

Of course the price goes up and those 900 coins that the miners earn eventually become again 18m as the price goes up and the cycle repeats.

But as the inflation is lower this effect will become stronger.

>> No.14550000

Russians can buy crypto. Btc 20k this week

>> No.14550011

>>14549386
Why would USDT or Tether ever go under? They were investigated last year and nothing happened.

>> No.14550034

>>14550000
Amen

>> No.14550035
File: 94 KB, 1175x429, 5ECC8695-9AEB-435B-9435-66AC75AC20B9.jpg [View same] [iqdb] [saucenao] [google]
14550035

>>14541413
friendly reminder if you're holding btc
> thecaseforBSV.com
pic related

>> No.14550037

>>14549999
The effect of miners on the market reduces after the halving, because most of the coins have already been mined.
The supply on the market shifts towards the hodlers who want to sell.

>> No.14550057

>>14549907
>several whales buy some btc because price is low and need to accumulate
>normies start FOMOing because they see the price suddenly increase
>not a bounce

>> No.14550093

>>14550037
Yes 84% of the coins have been mined but.

1_The game theory i described above remains the same.

2_As btc inflation goes bellow fiat inflation then btc apreciates relative to fiat.

So this halving may be different to the rest in fact we are probably accelerating already because if hodlers are buying a considerably supply of btc at the moment then the inflation is probably bellow fiat already as that liquidity will not enter the market anytime soon.

So who knows one theory said that btc halvings became weaker and weaker and i think that's true.
But what's also true is that housing has gonne non stop up since the collapse of the gold standard due to them being a hedge against inflation.
Bitcoin will replace that , no property taxes and divisible , how do you think it will go in this inflationary world such an asset? Up or down?Looking at the property bubble the answer is clear.

>> No.14550132

>>14550093
Ofc in the truly long term this is true.
However as a predictor of price for the next year or even as an explanation for this bull rally its not really that great.

>> No.14550137

>>14541431
When will it dump again? Im forst getting paid next month and will the pump first happen in 2 years?

>> No.14550156

>>14550137
It should dump over the next couple of days. Buy in at 10k or lower.

>> No.14550190

>>14550132
BTC inflation in 2030 will be 0.45% it's not "long term" it's absurdly close , 0,22% in 2032 and 0,10% in 2036

Of course this is very long term , but inflation going bellow fiat next year is already massive.

>> No.14550208

>>14550190
btw anything could happen by then like quantum computers fucking up everything.

But already 1.80% next year is insanely close.

>> No.14550262

>>14550190
Highly speculative.
Like i said btc has appreciated against fiat since the start.

>> No.14550478

>>14550208
Quantum computers at the current rate of development need another 15 years or so before they become powerful enough to be a threat to CURRENT version of btc. Quantum resistant coins exist already, developers just need to implement it to btc before that 15 years is up.

>> No.14550557

>>14550478
Yes and it would be the perfect chance for a hard fork to do all the improvements tested on other coins at once.

Which is why i am optimistic.

>> No.14550679

>>14549256
it all depends if bitfinex is buying btc with tether directly or not

>> No.14550705

>>14549919
fiat will be in deflation soon

>> No.14550752

>>14550208
you people dont get it a 10qbit qc that bankrupts a uni to buy can only factor 2 digit numbers

>> No.14550769

>>14550478
try 150

>> No.14550797

>>14541413
It's called a fakeout dumbass

>> No.14550940

>>14541497
Missed it cos wagie...feelsbadman

>> No.14550958

>>14542721
this is going to 7.2

>> No.14551217

so this was it? no more 4 digit btc for us?

>> No.14551297

>>14550057
It has broken out of every single downtrend, you drooling retard.

>> No.14551396

https://www.tradingview.com/x/YfoTfDyL/
this was expected but i can't tell if this is going up or down now. normally i would expect down and short but this market is insane.

>> No.14551399

>>14550958
remember when you were saying 5k, before that 2k. You're in the wrong season for bear predictions, poor idiot.

>> No.14551624

2nd iteration fractal bulltrap

>> No.14551629

>>14541413
fundamentally, we are all made of cheese

>> No.14551836

>>14551297
Except we're re-entering into a downward trend right now.

>> No.14551841

>>14551836
can be a long squeeze and up just as easily.

>> No.14552658

Untradeable chop. Hope you guys didnt get caught

>> No.14552674

>>14541413
m-maybe asuka was wrong?

don't ban me please

>> No.14554231

>>14552674
Don't worry anon, this isn't reddit. You should probably go back there though, you don't fit in here.

>> No.14554295

There are still 28 days of July remaining. Those who insult Asuka should be beheaded.

>> No.14554375
File: 405 KB, 1124x1338, 1559280920266.png [View same] [iqdb] [saucenao] [google]
14554375

ALL HAIL ASUKA ANONYMOUS

YOU ARE MY LORD AND SAVIOUR

WE HOLD THESE TRUTHS TO BE SELF EVIDENT

MAY GOD BLESS YOU FOREVER


just bought some more bitcoin for that bull run to 16k

>> No.14554440

>>14554375
>Buying this high then we're already starting to fall back down to 10k