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/biz/ - Business & Finance

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15647783 No.15647783 [Reply] [Original]

Long stops hunted followed by shorts within 24 hours. Someone is having a lot of fun with the pathetic volume and liquidity as of late.

>> No.15647794

>>15647783
Why do girls eat? What a slut lol

>> No.15647796

>>15647783
the number of bitcoins accumulated is equal to the number in 2013. bitcoin is about to experience a whole new level of iliquid movement.

>> No.15647826

>>15647796
Is that good or bad

>> No.15647842

>>15647826
You'll see once Kleiman decides to sell his entire 500.000 BTC stash.

>> No.15647893
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15647893

>>15647842
someone sold 100K BTC the other day apparently, and it only dumped the price 3%. So at 5x that we only dump 15%. But let's assume that it's non-linear (i.e. the price varies with the square of the volume), then, 5x would dump 25x, in other words, 25x 3% or 75%. We still at $2500 in the worst case scenario.

>> No.15647928
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15647928

>>15647794
eat'n muh dick

>> No.15647950

>>15647893
lol, nobody sold anything near 100k BTC. This market has no real liquidity, so when somebody tries to sell a sizeable amount bots pull all orders and you get a free fall. This recent sell was probably in the range of 500-1000 at best.

>> No.15648058

>>15647842
You would have to space that out over several platforms during a month long period. Otherwise there would be no point selling that many.