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/biz/ - Business & Finance

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14883060 No.14883060 [Reply] [Original]

Whales are playing ping pong with the price again. We may see another rise to 13k. Will the alts follow though, or will they stay dumped?

>> No.14883108

>>14883060
It depends on how strong the movement will be. If it's strong, alts generally go down. When the price is stable (like now), alts tend to moon

>> No.14883138

>>14883060
We haven't seen 13k in 3 weeks & we probably won't again for a long time

>> No.14883158

>>14883060
btc is going to lose dominance in the coming months

>> No.14883267

>>14883138
Too many people are expecting a massive dump (as opposed to 2018 when nobody believed it could dump further). That's why we might pump.

>> No.14883284

>>14883267
This. I’m nervous as fuck bros. What the fuck is going to happen. Something massive is brewing

>> No.14883415

>>14883284
I'm betting up right now, the volume is strangely positive

>> No.14883465

>>14883060
The Tether fud is probably true. Circulating supply increased by $500m in the past month, yet the Bitcoin price is basically where it was then at ca. $10k and only briefly broke out to $13k. They are probably propping it up and it probably isn't working well anymore.

There are dark clouds on the horizon even if we take an optimistic stance on the Tether/Bitfinex situation because they illegally traded in NYC, offered an unregistered security, lost $850m and had other issues with hacks in the past, and already admitted to Tether being only 74% backed.

The Panama papers revealed that Tether/Bitfinex are run by the same people, and they failed to produce an audit for their shady hidden offshore accounts, so there's not just the question of whether Tether is backed but also whether there's money laundering and other criminal activities involved.

Putting out a USD token without any kind of registration could also be a problem in itself even if all other things with backing and money sources are good.

>> No.14883503

>>14883465
Merlin already said that bitcoin would drop to 1000$ if he didn’t get the advance to pay his investors with. LEO was like a stay of execution between the time of offering and the future conviction date. It’s all going to come crashing down.

>> No.14884008

>>14883503
Interesting info, source? I bet it's larp.

>> No.14884021

>>14884008
No it’s not a larp, he said it in a released chat with his bank. Pay the fuck attention faggot, in fact just sell your bitcoin if you dont follow shit like this already you’re going to get burned

>> No.14884036

>>14883158
This, but reversed.