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

/biz/ - Business & Finance

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19156505 No.19156505 [Reply] [Original]

Anyone remembers an article on Medium in 2018/2019 about how Bitcoin early adopters/whales are trying to do these pump/dump cycles to slowly cash out their big Bitcoin stacks? I can't seem to find it. I think the chart was even on TradingView.

>> No.19156643

bump

>> No.19156755

reminder that Justin Cuck Sun lied to exchanges to hostile takeover a stake weighted network. user funds are STILL powering down and unavailable to owners

>> No.19156807

>>19156505
>Are big whales/firms cashing out and playing the market?
Literally has never happened in the history of finance

>I think the chart was even on TradingView
Kek, TV is quite literally worse than /biz/ shitposting and I'm not even joking

>> No.19156971

>>19156807
It was some whole conspiracy type of theory how there really isn't actually much volume in the market and how these big bitcoin holders have tried to slowly dump over the years. Like completely cashing out was the end goal stated in the article. There was something else as well, but I can't remember what it was exactly. I just want to revisit that to see how it compares to the current situation. I want to see if it said anything about the halving. I've tried searching warosu and google, but to no avail. The title was something like "early bitcoin adopters long term plans on cashing out" or "bitcoin whales long term manipulation to cash out". What I definetely remember is the word "manipulation" in the title. It fucking bothers me that I can't find it. Like an itch that I can't scratch.

>> No.19157038

>>19156505
we don't use to "cashout" or stacks. we use shitcoins to "multiply our bitcoin"
all that matter. THE ONLY thing that matters is shitcoins priced in sats.
If we can get that ratio to 4 or 5x in the short term, then we trampoline that up another 10x on the halving.
we're "sat farming" you.

>> No.19157069

>>19156505
who's the boomer next to Justin Sun?

>> No.19157137

>>19157038
The article talked about whales with like 50k+ Bitcoins. Like Chinese miner tier whales or so. I'm all in LINK myself since I doubt they can do a speculation pump to $50k even and we all know Bitcoin can't scale or do anything useful other than some criminal uses.

>> No.19157966

>>19156505
bump. sounds interesting, i want to read it too :)