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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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16391485 No.16391485 [Reply] [Original]

i thought the bear market was over. we hit 3k and then bounced back with a force. was it all a phony pump? It feels like the market is exposed as a sham with the huge dumps happening so often. No new money will come in resulting in essentially a dead market with random whale pumps and dumps to steal money from bagholders/moonboys unwilling to let go.

>> No.16391503

>>16391485

The bear market wasn't over. The "bounced back with a force" was a lower high than the prior ATH and now its on its way back down to a lower low

>> No.16391518

>>16391485
its just the plustoken hackers selling their coins on huobi. theyve been dumping 1000 coins a day...and probably by first week of dec they will have dumped all....just enjoy some cheap prices for awhile.

>> No.16391543

>>16391485
been telling you it was an exit pump from day 1. We're going to triple fucking digits and thats the harsh truth

>> No.16391547
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16391547

>>16391485
Based we have almost reached capitulation.

Btc dumps to $3k most are financially ruined. They dump. But now you have access to $1k/bitcoin. Who wouldn't long that. Right? Someone long it.

>Girl
>How much money u got
>tfw 4.9btc

>tfw 467.399btc

>> No.16391570
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16391570

>>16391485
there's actually historical precedent for all of this. i agree the run up to 14k was a bit premature but it's not totally unlike what has happened before.
have some patience. the real test whether or not crypto is dead is what happens after BTC halving.
until then anyone telling you that they know for sure is lying.

>> No.16391581

>>16391485
honestly the crypto space is ogre. bitcoin needed to hit AT LEAST 1+ trillion market cap for institutions to jump in a legitimise it. It just didnt have enough momentum. The volumes too low and now it will slowly bleed to death. Maybe it will sustain around 100-1000.

>> No.16391604

>>16391485
BTC has more volume now then it did at ATH. I think it’s hitting six digits in the next two years.

>> No.16391628

>>16391485
$1,500 should be around bottom. Secular bears erase all previous gains, and BTC was $900 in early 2017.

Everyone will say "we can't go that low" but people seem to forget Bitcoin was THIRTY CENTS just 10 years ago.

>> No.16391663

>>16391604
>BTC has more volume now then it did at ATH

exchange manipulation + tether printing fake tokens to buy BTC and then dump for real USD

this shit is heading to zero

>> No.16392681

>>16391518
damn i hadnt heard of this at all

>> No.16393422

>>16391485
the bear market never ended because btc never surpassed ATH

>> No.16393493
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16393493

>>16392681
yeh. sadly /biz usually finds out last about these things these days. speaks volumes about this place.

>> No.16393525

The Fuck is plustoken? Also only a thousand BTC day ...nothing burger