[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 134 KB, 426x460, 1607224901241.png [View same] [iqdb] [saucenao] [google]
24737848 No.24737848 [Reply] [Original]

People are selling bitcoin because of the MtGox dump by the 15th... but what if this dump is already priced in, and we have a pump instead?

>> No.24737911

>>24737848
Nice wishful thinking. Prepare your anus

>> No.24737920

>what if this dump is already priced in
so the anticipation of 150'000 BTC being dumped has greater effect than 150'000 BTC being dumped?

>> No.24737989

>>24737848
Makes sense. That would explain why whales are moving larger amounts of BTC to exchanges lately. Microstrategy, Square, PayPal etc will scoop up a bunch as the price drops so we may even see whale FOMO where they sold expecting a major price drop and instead the price sort of dips and then pumps back hp

>> No.24738117

>>24737848
That kind of thing used to happen all the time in the previous bull markets. We'll just keep crabbing in our new range until February. By the end of next year I'll buy another house with the 5% interest I got over the year.

>> No.24738171

>>24737848
It's going to push BTC to 35k

>> No.24738319

>>24737920
We have to remind this you will be distributed among thousands of clients.

>> No.24738481

>>24738319
BTC in 2014 was worth less than $1K, do you think people wouldn't sell for a 20X?

>> No.24738560

>>24738481
They will, but I dont think it will have the effect most people are thinking it will.
There will be a few new whales joining the market, yes, but then now we have Greyscale, Microstrategy and others buying in large amounts.

>> No.24738643

>>24738560
This!

>> No.24738794

>>24738643
Fuck off redditposter