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

/biz/ - Business & Finance

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29394155 No.29394155 [Reply] [Original]

The fuck did I miss?

>> No.29394271

L2pool sold 6k btcoins in 5min and microstrat redy to buy

>> No.29394286

>>29394155
I sold

>> No.29394340

I just woke up and took a massive shit. You?

>> No.29394362

>>29394155
I bought

>> No.29394374

Whale scamwick. Hope you got in on the flash sale.

>> No.29394405

regular paper hand & stop limit sweep
it's also a good way to show retards that think they are crypto analysts

>> No.29394546

>>29394155
That happens every day when the Euros wake up, look at the time stamp

>> No.29394560

>>29394374
Had an appointment, god fucking damn

>> No.29394620

I MISSED THE DIP FFFFFFFFFFFFFFFUUUUUUUUUUUUUU

>> No.29394703

could be overbought market
https://www.coindesk.com/bitcoin-drops-5-as-analysts-as-say-rally-overstretched

>U.S. Treasury Secretary Janet Yellen described bitcoin as “highly speculative asset” that is extremely inefficient for transactions. Speaking at a New York Times event, Yellen called the amount of energy consumed in processing those transactions “staggering.”
Is this right ? It didn't sound right. The electricity is for the security isn't it ? Like a transaction could have consensus between only 2 nodes but it wouldn't be as secure as between 10 nodes or 100 nodes. Aren't the new and upcoming networks proof of stake mostly too instead of proof of work ? That would cut down on electricity. She probably got paid a million dollars for her speech too.

>> No.29394874

>>29394703
shes holding ADA

>> No.29394905
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29394905

there was a lot of liquidations today too
https://coinalyze.net/futures-data/global-charts/

>> No.29394964

>>29394155
Elon said to sell

>> No.29395013

>>29394155
>what did I miss

Your last chance to sell at a high price

>> No.29395016

>>29394155
confidence is slipping. that was the first rumbling of Vesuvius

>> No.29395057
File: 69 KB, 274x326, 02d3fe57-9fbd-491a-8d1a-8c75567f6ef3.jpg [View same] [iqdb] [saucenao] [google]
29395057

>>29394155

>> No.29395067

>>29394155
looks like the Tesla logo. coincidence?

>> No.29395161

>>29394155
It’s called a long dick dip, only people with 8+ inches are able to catch the bottom.

>> No.29395162

>>29395016
We haven't even stopped dropping yet, it might just keep going. DeFi and people trading on margin are basically a powder keg waiting to be lit up whenever the price starts dropping.

>> No.29395185

>>29395057
shoo

>> No.29395252

>>29395161
>only people with 8+ inches are able to catch the bottom

That bottom is a size queen

>> No.29395312

>>29395162
i've been using this chart here a lot lately just to gauge market conditions. Is there a chart with more coins on it ? Not a full market chart but one with like 100 coins or something ?
https://ftx.com/trade/DEFI-PERP

>> No.29395420
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29395420

>>29395312
picture of the chart in that link

>> No.29395744

>>29395420
lol a basket of scam tokens

>> No.29395914

>>29394286
weak handed retard

>> No.29395919

>>29395744
I know CREAM was hacked not long ago. Which others are the scam tokens ? SRM and SOL are owned by the FTX exchange i'm pretty sure. I've heard of most of the others

>> No.29396037

>>29394546
It was afternoon for us , idiot

>> No.29396094

>>29394155
As the price goes up, people start leveraging, they leverage by 10 and 25 and 50x, then when there's a minor 3% dump the latter is already liquidated and then the former two follow shortly after until net leverage is down across the board.
>>29394703
1. Yellen is a cunt
2. Bitcoin is PoW only and there is no effort to make it PoS. Other coins are PoS. Yes PoW is difficult and costly, that's the point; traditional finance is just as bad desu. I hear no one bitching about literal skyscrapers around the world consoooming energy and changing the climate of cities

>> No.29396116 [DELETED] 
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29396116

Should I buy more SOXL today?

>> No.29396120

Poor and new fag here.
I caught the dip on bitcoin, eth, bitcoin cash, and litecoin. Gave me a nice little morning bump. I don't think you missed the real bottom though. But I really don't know squat.

>> No.29396140

>>29395312
No idea, I'm just clowining on the concept of getting loans on stablecoins using crypto as a collateral. A big drop could mean a lot of people getting liquidated on their positions and basically everyone involved getting fucked, since the model basically assumes that you're making tons of money until the market starts dropping.

>> No.29396265

>>29394546
Total idiot

>> No.29396356

>>29394155
>The fuck did I miss?
the warmup to the megadump

>> No.29396488

>>29396094
is lightning network still PoW ?

>> No.29396513

>>29396140
I'm ready for the big drop