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

/biz/ - Business & Finance

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17981912 No.17981912 [Reply] [Original]

RIP Bitcoin longs

>> No.17981921

That's not how a H&S pattern works.

>> No.17981937

>>17981921
cope
Next time you try to argue, provide your argument with something to back it up. kek

>> No.17981938

Meme lines dont matter we’re going down unless tetherfriends print another 500m until next week

>> No.17981945

we going down to 3k then moon. im prepared.

>> No.17981948

>>17981938
this is true, only hope I see for the price to survive

>> No.17981951

>>17981938
Tether printers running a bit too hot will risk the whole enterprise collapsing

>> No.17981958

>>17981912
bear trap

>> No.17981967

>>17981951
I don't see why. Only fear they would have is oversight from governments. This isn't going to happen in the current economic climate. Too much other shit to watch rn.

>> No.17981986
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17981986

>> No.17981992
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17981992

>>17981937

You literally drew arbitrary lines on a chart and call it TA. Kek

>> No.17982006

How does tether get away with this shit honestly? It's the 4th biggest market cap now with nothing but air behind it..kek

>> No.17982025

>>17982006
because nobody actually cash out in tether, they just sit in tether and wait for a lower entry
you better hope they don't need to cash out because there's a recession or something ...
USDT actual market cap is 5.7B btw

>> No.17982033

>>17981912
Tether just taking profit off the table to use as backing collateral, give it until Monday before they print some more and keep pumping, they'll repeat this until every normie is talking about making money with crypto during these uncertain times and then wallah, market dump for more backing collateral.

Our job is to determine when that happens before the dump, but this will repeat for at least a few months to half a year given the circumstances.

>> No.17982045

>>17981992
kek, thanks

>> No.17982069

>>17982033
Remember the longer people are self isolating at home, they're spending less on socializing and will slowly become irrational thinkers.

The government are looking after people who would be in trouble, but let's face it, people buying crypto are mostly 20-35 with secure jobs they are continuing to work remotely in. They're going to start wanting to spend money and when they hear of this future safe haven that's doubling people's money easily they'll buy, and then they'll spread the message because everyone is bored, online and in mass consumption mode.

The conditions created by this virus is the perfect storm to lift BTC to 100k and the crypto market as a whole.

Sell when Katy Perry gets chainlink acrylic nails.

>> No.17982142

>>17982025

They print tether -> buy BTC -> Pump BTC -> Sell BTC back to tether and cash out to USD.

I know this isn't anything new but wtf lol

>> No.17982185

>>17982142
the idiots that sell btc for imaginary usd are solely to blame for this

>> No.17982189

>>17982142
yeah if you think BTC will go up forever why would you cash out
the problem come when BTC doesn't keep going up forever and you need money because the economy is shit

>> No.17982272
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17982272

>>17981986
i have bad news 4 u anon

>> No.17982316
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