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/biz/ - Business & Finance

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2765214 No.2765214 [Reply] [Original]

Guys Kraken stopped USD withdrawals shit is about to go up in flames.

NOW LISTEN CAREFULLY, THE PRICE WILL GO UP NOW

This is how it works:
Imagine Kraken has 10000 btc and lets say 23.000.000$ on the bank. 1 Coin 2300 $

Now people want their money, to do this they want the dollars but they cant get them so they will buy the btc and send them somewhere else.

Imagine ppl pull out 5.000 btc, this would double the price for the remaining coins.

23.000.000$ on the bank and 5000 coins = 1 Coin 4600 $

THE FIRST 2000$ PRICE SPIKE HAPPEND BECAUSE OKCOIN CLOSED USD WITHDRAWALS LOOK UP THE DATE
The bots will copy the exchange price just like they did with OKCoin..

THE 3000$ PRICE SPIKE HAPPEND BECAUSE BITFINEX CLOSED USD WITHDRAWALS FUCKING LOOK UP THE DATE IDIOT
This pushed every coin they had up.

Now here is the wierd part - when the difference between BTC prices on other exchanges gets too big ppl will buy ETH because thats the only other coin you can trade on kraken too. SO if this happens ETH will go up too, very fast.

Maybe some exchanges trolled us and they have never had the btc nor the money and we will see it all unfolding because of the happening yesterday (20 Billion pulled out) this is why I'll advice you to
GET YOUR FUCKING BTC OUT OF YOUR FUCKING EXCHANGE AN HOLD ONTO YOUR ROCKET SEATS

>> No.2765218

>>2765214
kill yourself

>> No.2765224

>>2765214
How you know this?

>> No.2765227

>ppl will buy ETH because thats the only other coin you can trade on kraken too.

have you ever seen the kraken website?

>> No.2765236
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2765236

>>2765227
Ive never logged in but on the top of the page it says
>Bitcoin and ethereum trading, leveraged margin trading, and dark pool. Now serving most US states.
If they have more coins they might go up aswell.

>>2765224
Guy here posted a screenshot

listen guys I'm just trying to make ya some money because some of you are allright

>> No.2765240

>>2765236
>Guy here
Where

>> No.2765287

>>2765240
Dammit I cant find it it's somewhere in some thread on this board

Can somebody with a Kraken account confirm?