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/biz/ - Business & Finance

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4153760 No.4153760 [Reply] [Original]

This BTC pump is not right. Normies can’t cause it to pump this fast. Normies buy a little at a time. Here and there.

Tinfoil hat theory: Bitfinex (largest BTC volume..4x that of fucking Coinbase) is artificially pumping with Tethers. Maybe huge dump before US doors close Nov 9th?

This doesn’t make any sense.

>> No.4153766

I have a pet conspiracy theory that BTC's price is being propped up by the Russian government.

>> No.4153781

>>4153760
It's not spoofy.
Institutional buyers are coming in.
Wait for mainstream articles calling for 10k.
That's when you'll know they've bought in

>> No.4153785

New tethers were issued the other day

>> No.4153819

>>4153760
wallstreet is officially in

>> No.4153826
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4153826

>>4153760
You haven't even begun to witness a fraction of my true power!

>> No.4153856

Majority of this pump beyond 3k is the same group of people buying coins from themselves

This may kill Bitcoin like egold

>> No.4153859

all alts are being sold to pump buttcoin. how isn't that obvious to you? look at eth and omg on bitfinex recently.

>> No.4153860

>>4153760

The reason is simple, everytime bitcoin raised in value, altcoin dropped in value.

Guess where the pump coming from? It is not rocket science.

>> No.4153902

>>4153766
>behind the 2016 election result AND bitcoin pump

what CAN'T this man do?!?!

>> No.4154069

>>4153902
save his own country's economy

>> No.4154798

>>4153760
Because of fork soon

>> No.4154815

>>4153819
This.

>> No.4154951

Give me a pecentage:
>normies FOMO
>Seg2x Fork
>CME announcing Bitcoin Futures
>Alts getting raped

>> No.4154972

bitfinex gets tethers based on margin trading demand
a lot of people are putting up their crypto to go long on btc. gotta accommodate that.

>> No.4155003

>>4154951
I forgot
>Bitfinex pumping with worthless USDT

>> No.4155151

>>4153760
i love how dumbass's on here think this surge in price the past week is just normies latching on and NOT financial institutions. it really shows the true sorry state of /biz/ and the dumb cunts on here. inb4 (you) are on here. sure..but at least i am minted in bitcoin and not hemorrhaging wojack shitcoins like the newfags here

>> No.4155161

>>4153760
Compounding reasons my man. ETF's moving in, s2x coming up, shorters capitulating, normies moving in, etc.
Shit should be even higher desu.

Oh, and altcoins are all garbage unless you love playing the lottery, ICO flipping is over. Might take you a couple of years to realize.

>> No.4155181

Its jeff bezos i guarantee it the man has more money than he could spend in one lifetime why not transfer a bit to autistic basement dwellers

>> No.4155252

>>4153760
>average idiot here

>> No.4155278

>>4153760
no, bitfenix'd. no.
stop fucking posting here everyday. You've posted here for a solid week, we know you're mad you sold at 1k, get over it you noob.

>> No.4155307

>>4155161
0 to 37 btc, I love alts, your experience may vary

>> No.4155373

>>4155278
THIS

ffs bitfinexed, stop with the fucking bullshit already
Also, if you didnt notice, GDAX is leading this rally so it certainly is real normie money comin in

>> No.4155537

manipulators want to maintain their wealth at $3,000 per coin , so they manipulate a fake pump to over $7,000, then crash it to $3,000, then they will argue "look, we suffer a crash like everybody else, our wealth crash from $7,000 a coin to $3,000 a coin"

it looks like a crash from $7,000 to $3,000, but it's a manipulated crash where their wealth remains the same (before and after are both $3,000), these manipulators don't suffer anything, all other buyers suffer losses in money

in a normal non manipulated market, bitcoin will crash from $3,000 to $1,000. only in a manipulated market, bitcoin will go from $3,000 to a manipulated height of $7,000 then crash to $3,000, nothing changes, it's $3,000 to $3,000

>> No.4155659

>>4155537
>where their wealth remains the same
?????? how do you lose money and keep it same?

usdt?

>> No.4155666

>>4155537
Which is surely a good sign for us small fish playing the long game. Let the sharks feed and don't buy the peak. There'll be another bubble after the "crash".

>> No.4155741

>>4155659
Manipulators make money by shorting their positions at the peak, thereby taking the money of weak hands while maintaining their positions.

>> No.4155803

>>4155181
the money will be used to go straight back to him when they start using BTC at amazon.com anyway

>> No.4155874
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4155874

>>4155537
wishful thinking. especially for me who has tens of thousands ready to buy BTC when it 'crashes' . it virtually never does, and not to 50% of present value. When a correction takes place it will probably not even crack 6000USD. a lot of people keep saying this seemingly with hope of some sort of hopeful self fulfilling prophecy . I think this year might end up with bitcoin that not only rules most out of the market for them but will have literal scarcity and only bigger exchanges will be the people dealing with them. when algo's become a majority influence , people will have to jump shit to shicoins to even have a chance or even have supply of them.

>> No.4155905

>>4155874
It is always the same story, and it always crashes, at least 40% most times

>> No.4155940

You tell me... do you really believe 24 billion dollars worldwide has moved into BTC in the past month? (5k-7k) part of me thinks it's possible, that money is nothing to governments like china and russia.

>> No.4156017
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4156017

>>4155874

>> No.4156020

>>4155940
Sure, the entire world is pretty rich. 800,000,000 per day is pocket change.

>> No.4157097

>>4155874
There will never be scarcity in bitcoin as long as it can still be mined.

>> No.4157103

>>4153760
http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

>> No.4157144

>>4156017
DELET

>> No.4157198

Just be careful guys, if wallstreet pipz are in then the correction will hurt big if everyone starts running, might take years though but just be alert

>> No.4157208

>>4157097
*forked

>> No.4157833

>>4153860
It's coming from ETH/XRP and other FIAT paired coins.

>> No.4157897

>>4153819
>wallstreet is buy high sell low
kek who knew, I can tell you that wall street still isnt in. why? because wall street will just open up its own exchange not use existing ones

>> No.4157912

>>4157897
>What is ledgerX
Still I don't think Wall Street is in. Not before this fork.

>> No.4158058

>>4155003
this one has 0.1%

>> No.4158109

>>4153760
There's only a handful of large volume exchanges. It's not a tinfoil hat theory, it's very probable. How else would exchanges attract people to buy if they don't pump up their coins every now and then?

>> No.4158441

>>4155151
Lmao, you're retarded. Financial institutions are still run by normies. What fucking difference does it make where the money comes from? The end goal is the same for everyone.

>> No.4158470

>>4157897
>because wall street will just open up its own exchange not use existing ones

Gemini