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/biz/ - Business & Finance

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16597900 No.16597900 [Reply] [Original]

it looks like bitfinex is about to pump the fuck out of BTC. they've been printing Tether and buying shit tons of longs. look for a huge pump upward and then a crash?

>> No.16597919

>>16597900
This is bearish af. Bitmex Arthur is going to shove his BBC into all their asses, it's literally free money

>> No.16597928

>pump
hahahah, funny kid

>> No.16597930

>>16597919
well it's got to pump upward for them to make money on this. but then they'll likely dump

>> No.16597939

>>16597900
CHECKED

>> No.16597943

>>16597900
hi dickhead.
bitfinex has no volume compared to bitmex.
Bitmex traders will short squeeze these faggots down to 6k, maybe lower, before the leg up starts

regards.

>> No.16597952

>>16597943
long squeeze*

>> No.16597962

>>16597943
yeah, you're wrong.
https://blockchainwhispers.com/bitmex-position-calculator/

>> No.16597963

the current consensus on biz is that these are spot buys trying to cash out of btc

were doing to dump hard bros, u aint seen nothing yet

>> No.16597969
File: 80 KB, 1030x735, 1576681351960.png [View same] [iqdb] [saucenao] [google]
16597969

Its this one megawhale Joe007 and he got already rekt.

>> No.16597970
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16597970

>>16597943
>bitfinex has no volume compared to bitmex.

just kys newfag

>> No.16597977

>>16597900
> 47143
wtf is this number supposed to mean ?

>> No.16597981

>>16597900
This is gonna end horribly wrong

>> No.16597997

>>16597969
It is currently at -$19M

That idiot is having a mental breakdown on twitter

>> No.16598026

>>16597977
it's the total number of bitcoin people have in margin longs. 47,143 x $6836 per btc = 322mil

>> No.16598046

something is amiss here - i'm pretty sure whoever is piling up these longs must know how things work in this dumpster fire of a market, I just can't see how anyone with that much invested would be so naive. Something else must happening behind the curtains.

>> No.16598047
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16598047

>>16598026
thx fren

>> No.16598055
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16598055

>>16597969
>>16597997
what if he knows something we dont

>> No.16598064

>>16598046
It's someone really stupid with a lot of money having his account completely wiped out as we speak.

>> No.16598075

>>16598064
well OK then, silly me for forgetting for a second that this was a circus of a market in a clown world

>> No.16598080

>>16598055
>some who is currently losing 20 fucking Million USD doing margin knows something we don't

lmao

>> No.16598093

>>16598055
Based as fuck. He will rope himself though.

>> No.16598111

>>16598055
even if he knew something why would you go in finex, this whole thing smell like money laundering to me

>> No.16598112

>>16598055
>another corecuck gone
good

>> No.16598140

>>16598080
well he started buying longs in late November so no shit he is down. if he has enough money to pump the price up to 9k or 10k, he is going to make a fuckton

>> No.16598145

>>16598064
how did someone that stupid get their hands on so much money?

>> No.16598168

>>16597930
Not the exchange. If all those longs get liquidated the exchange that allowed them to trade on margin get fuckin PAID. It would be a shame if some nigger who owns such an exchange were to sell massive quantities of BTC and end up with even more BTC at the end of it. But nobody would do such a thing for money, because its almost illegal.

>> No.16598193

>>16598145
you dont know who he is. he's most likely a market maker or a trading firm

>> No.16598198

>>16597900

25 million Tether created. https://whale-alert.io/transaction/ethereum/402a42c546b6c77da8a892d521ab253726556e235ee4fc6e9dc9a4428044f6c1

The fuse is lit.

>> No.16598199

>>16597900
Also, its about time you scrubs noticed. My tranny discord server has been talking about this for weeks. /biz/ is trash.

>> No.16598207

>>16598199
everybody in crypto is aware. just a plan to make people think it will dump when it will pump

>> No.16598230

>>16598168
>because its almost illegal.
That’s like being almost pregnant.

>> No.16598279

>>16598199
invite link plz

>> No.16598297

>>16598199
So you think those longs are getting rekt?

>> No.16598306

Can someone explain what Tether has to do with this? I don't understand it at all

>> No.16598312

>>16598145
Scammed robin hood margins the same way GUH did it.

>> No.16598319

>>16598297
I dont know, if I was an exchange with millions of BTC in reserve, and millions more to be made just by clicking sell I would certainly not do anything unethical for insane monetary gains. That wouldnt be very Christian of them.

>> No.16598322
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16598322

>>16598306

>> No.16598328

>>16598306
They mint new tether coins while maintains the price at $1 and then dump them into bitcoin. It’s pure scam.

>> No.16598335

>>16598230
Its only illegal if you get caught.

>> No.16598336
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16598336

>>16598198
Everytime

>> No.16598346

>>16598199
Biz has been discussing this since last week

>> No.16598351

>>16598322
With the SDNY ongoing investigation, I wouldn’t doubt that.

>> No.16598373

>>16598336
This is mission control, the clock is running.

>> No.16598387

>>16598140
Wiping up an entire margin account is not unheard of, especially when there is some serious money involved and you are past the point of no return.

>> No.16598390

>>16598306
> print tether out of thin air
> buy btc
what's not to understand ?

>> No.16598413

>>16597900
The price got BTFO in 2018 and still hasnt recovered to half of the ATH. The price was $6500 in November 2017 which means its been stagnating for almost 2 years. Bitcoin has random little pumps all the time followed by bigger dumps. Its funny that you guys get all excited about a 10% increase and start spamming again like this is proof that bitcoin will reach its ATH again. The only reason it reached $19000/coin in the first place is by market manipulation and bots. Its just not going to happen. The hype is over. Joe Q. Public has already all but forgotten about this fad. Blockchain tech may live on but bitcoin is literally in the hands of chinese scammers now.

>> No.16598416

>>16598390
and then what, exit scam? How can they get away with it when their identities are known, and their books audited?

>> No.16598432

>>16598413
kek, i wonder if any newfags will get this

>> No.16598453

>>16598416
They’re currently under investigation, maybe they have nothing to lose?

>> No.16598492
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16598492

>>16598055
even big boys can be wrong sometimes. A whale exposed himself as having a vulnerable position, you better believe other whales will try to squeeze him out. If Joe007 is the whale who kept on defending the 7.2k area and he was leveraged the maximum 3x, that position will be forcefully liquidated in the mid 5's. And his uPnL was -22 at 6.6k. JUST IMAGINE THE CARNAGE.

>> No.16598502

>>16598492
-22 millions*

>> No.16598513

>>16598492
Just looked on Twitter he was wiped out at 24 million.

>> No.16598514

>>16597943
hi newfag
1. prices on all exchanges all move together
2. spoofy moved to bitmex not that long ago
3. he is manipulating the market there now with massive bags of xbt on x1 leverage
4. the longs on bitfinex are his leveraged position that he is about to profit from greatly when he pumps it
>https://www.cryptoglobe.com/latest/2018/08/114-million-18000-bitcoin-btc-shifted-to-bitmex-linked-wallet/

>> No.16598547

>>16598416
>and then what, exit scam?
if it fails to start a new bull run yes
it's obviously what they tried last spring when they printed like 2B USDT and btc pumped to 14k, but the rally is almost completely retraced now and new investor never came
those exchange hold enormous amount of btc if it all goes to shit they lose billions

>> No.16598585
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16598585

>>16598198
>digital FED in QE5 mode
have the kikes any limit?

>> No.16598586

>>16598514
You’re retarded. Volume moves markets. Prices don’t move together across exchanges, the small fry exchanges just get arbitraged from the heavy hitters. It’s a master/slave dynamic

>> No.16598591

>>16598585
#CantStopWontStop

>> No.16598611

>>16598585
>>16597900
So explain to me biz. The kikes coopted BTC basically with fiat. Wouldnt this mean that even though you can manipulate the market now the goal should still be accumulation because it is ultmiately a deflationary token. Gold is coopted and jewed because of spot price with derivative markets but if you hold it on principle you are essentially shorting fiat in the long term even though its trying to rape you in the short term?

>> No.16598636

>>16598055
Does this mean bitcoin is manipulated ?

>> No.16598642

chainlink

>> No.16598651

>>16598432
But what about inflation of fiat to BTC.
Even if they pump isnt the goal still to hold onto something that isnt fiat funny money?

>> No.16598664

>>16598611
Unless you buy everything you purchase with crypto eventually you need to off ramp to dollars right?

>> No.16598673

>>16598651
Depends on what their goal is?

>> No.16598685

>>16598080
brainlet

>> No.16598691

>>16598611
>he just realized this

Holy shit you fags are slow

>> No.16598746

>>16598586
the wicks from highs/lows are higher/lower on bitmex than any other exchange is the last thing im gonna say

>> No.16598777

>>16598513
imagine betting 24 million that a number on a website gets a bit bigger than it was when you did the bet

>> No.16598881

>>16598664
That would be the goal right. I have the intention of using crypto as an actual currency. I would only want to offload directly into gold because i want to seperate myself from fiat as much as I can.

>> No.16598908

>>16598636
every market is manipulated. of course bitcoin is, and its a bit more obvious since it's much smaller than traditional markets.

>> No.16598917

>>16598664
>>16598673
>>16598691
Basically my goal is to hedge myself against inflation and the manipulation of fiat currency. Use my labor to extract fiat to dump into alternatives like bitcoin/pms to slowly pull away from the fiat manipulation. The goal is self sufficiency and true financial independence.

>> No.16598939

>>16598917
Go back to plebbit

>> No.16598990

>>16598939
Fuck you nigger. I dont go to reddit

>> No.16599073

>>16598881
Good plan, it makes total sense to avoid fiat and thus losing value.

>> No.16599106

>>16598777
Checked!

>> No.16599127

>>16598939
> you use another website reeee

>> No.16599753

almost at 7k. they're pumping it

>> No.16599763

>>16599753
Not nearly enough

>> No.16599765

maybe for once i actually bought the bottom?

>> No.16600214

>>16599753
it's just shorters closing their positions.

>> No.16600269
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16600269

>>16600214
>it's just shorters closing their positions.
COPE