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/biz/ - Business & Finance

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49385153 No.49385153 [Reply] [Original]

when is this piece of shit going to dump to 20k, why does it have to drag out for so long

>> No.49385165

>>49385153
next month

>> No.49385418
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49385418

>>49385153
apparently a single megawhale is the only thing keeping it afloat above 29k
why he's doing it? who the fuck knows
trading at a loss to keep prices up seems counter intuitive, its a long term plan is my guess

>> No.49385815

>>49385153
Bear market works like that.
Slowly descending trendline with some minor bumps here and there.
See you in 2024, anon.

>> No.49385824

>>49385418
He is loading his bags while the prices are low.

>> No.49385862
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49385862

Nope. Unironically, BTC is never going under 30k again.

>B-but it's under 30k rite now!
Shut the fuck up retard, you know what I mean.

>> No.49385936
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49385936

>>49385824
If he is the only one doing it then why not wait for it to hit 20? Oh right, Michael Saylor from microtragedy can’t allow that to happen. No doubt him and some buddies are furiously attempting to DCA while shutting out buyers looking for a bottom.

>> No.49386061
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49386061

>>49385936
Because the whale doesn't know who has limit orders below the price range we're in now. This is the same exact reason short sellers aren't clapping all the liquidity. Everyone with more than 2 brain cells to rub together knows there are HUGE players with astronomical amounts of liquidity that have limit orders right around the 200 MA waiting to scamwick anyone who is stupid enough to trigger them.
Which means the only way the price will go down is from smallfish shorters who can move the price maybe 1%, or holders who are emotional and market sell out of fear.

>Huge whale DCA in
>Shorters can't make big moves out of fear of huge limit orders squeezing them out
>Emotional traders (normies) capitulated over the past months
>Buyers are hoping and praying that the price will go lower
The bottom is in.

>> No.49386147

>>49385153
What are BTC transaction fees like atm?

>> No.49386272

>>49385153
Mayday Monday.