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/biz/ - Business & Finance

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File: 71 KB, 1811x769, bitcoinhistoricalday.png [View same] [iqdb] [saucenao] [google]
17779178 No.17779178 [Reply] [Original]

Last thread >>17749660

We are witnessing BTC breakdown under its own weight. The longterm trend is failing for the first time since inception.

Around 2 months before the next halving, we saw the biggest red candle in BTC's history. Don't be fooled, this is big money liquidating their btc because they know that the economic model imposed by core(large fees, small blocks and slow chain) won't be sustainable. The reaction to the coronavirus has been the exact opposite of what we would've expected from "DIGITAL GOLD".

We are also witnessing the first seizures of bitcoins by authorities. "UNCONSFISCATABLE"

It is known criminals like CZ are operating illegally. Authorities are after him. He will be taken down this year.
The only reason Bitmex and other blatantly market manipulators and scammers had been operating is to drain this criminal money with benefits handed over to the authorities.

The biggest factor will still be the mining industry not being profitable anymore. This will make the fees skyrocket and freeze the blockchain.
Lightning is an obvious scam.
Anyone thinking BTC will simply double in price is a total moron. There isn't enough money for that. Market-makers are fully aware.

The collapse will happen really fast. We had a good idea how much can happen in so little time already.

>> No.17779206

>>17779178
redraw the lines faggot. never selling

>> No.17779238

never selling

>> No.17779274
File: 242 KB, 1429x713, 03-13-2020.jpg [View same] [iqdb] [saucenao] [google]
17779274

>>17779178
not selling

>> No.17779285

>>17779178
never selling. Now suck my dick

>> No.17779298

>>17779178
DR:NS

>> No.17779313

>>17779178
>there isn't enough money for that
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>> No.17779339

>>17779178
Never selling glowie

>> No.17779344

100k or bust, not selling

>> No.17779351

>>17779206
Fpbp. NS.

>> No.17779354

Is there anyone left? It feels like everyone died.

>> No.17779368

>>17779206
Had this line forever. It's not suppose to be precise or anything. Lines are indeed a meme. What I want to show is a major trend failing.
>>17779238
>>17779274
>>17779285
>>17779298
>>17779313
Extremely low IQ. And massive sell-signal. Read the post. Those are all facts. BTC is fundamentally worthless. Bitcoin has some very interesting properties and could be deflationary global money. BTC is utterly worthless though.

>> No.17780193
File: 83 KB, 828x606, 3243243214234.jpg [View same] [iqdb] [saucenao] [google]
17780193

lose all your money kikes