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/biz/ - Business & Finance

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51296223 No.51296223 [Reply] [Original]

right now?

>> No.51296276

gox wouldnt sell them on public exchanges for market price, its all OTC for a cheaper price to big guys

whale groups are using this to make brainlets like you think gox is dumping

>> No.51296293

>he didn't put sleep clause on his wallet

>> No.51296365

>>51296276
Selling OTC doesn't magically mean the price is unaffected you fucking retard.

>> No.51296404

>>51296223
24h Volume(BTC)
342,911

mt gox coins are a drop in the bucket

>> No.51296408
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51296408

>>51296223
How many times will we see the same goxxed threads? Nothing ever happens

>> No.51296425

>>51296404
yeah, wait till they get dumped you retard

>> No.51297063

>>51296365
>Selling OTC doesn't magically mean the price is unaffected
it is because it's not on orderbook

>> No.51297108

>>51296365
by removal of otherwise spot buying power maybe
but as in the price itself moving absolutely not retard
if otc deals are made here people see value at these levels

>> No.51297133

>>51297063
Brainlet detected

>> No.51297303

>>51297133
explain why then

>> No.51297346

>>51297063
>prices in the grocery store has no impact on "real" prices since they are OTC
lol, lmao. You literally think people buy OTC for no reason at all? They're just gonna sit on it for 50 years?

>> No.51297353

>>51297133
>>51296365
If i decide to buy 100 bitcoin from you and give you a huge suitcase full of cash to transfer them from your hardware wallet to my hardware wallet, how the fuck does that affect the price on the exchange?

>> No.51297373

>>51297108
>>51297353
>removal of otherwise spot buying power maybe
yes? That has a direct impact on price.
Also see >>51297346

>> No.51297379

>>51297346
>assumes the OTC buyer is gonna dump them on the market
why the fuck did he buy them in the first place, then?

>> No.51297383

>>51296404
>mt gox coins are a drop in the bucket
they would literally be 1/3 of that volume, that's quite a splash in the pan for a doggy dog world.

>> No.51297396

>>51297373
>removal of otherwise spot buying power maybe
avoiding something that might have happened but didn't isn't 'having an effect' kek

>> No.51297419

>>51297379
I didn't assume that, you're just a brainlet who's only comprehension is HODL or DUMP.
Also plenty of people buy OTC and dump since the entire reason you buy crypto OTC is that you get better than exchange price.

>>51297396
this is literally grade school supply & demand you're failing to understand lmao.
>b-b-but it didn't happen the same microsecond and i'm to dumb to see connections.

>> No.51297464

>>51297419
If i decide to come around your house and punch you on the nose, but then i change my mind and don't do anything, does that mean i've affected your life, when in fact we've never met and never will? your retarded logic is that i HAVE affected it. You've watched too much Star Trek, anon

>> No.51297473

>>51296404
this is also beyond retarded. 99% of that volume is matched between buy/sell. the remaining 1% is what moves the price. 10,000BTC is enough to literally empty Binance orderbook meaning the price would literally hit 0 for a moment.

>> No.51297509

>>51297464
There's no maybe retard. There is by definition less demand for BTC after a purchase is made. OTC or exchange doesn't matter. You literally think OTC is some magical thing where you could buy 99% of BTC without changing the price lmao

>> No.51297540

>>51297419
this is devoling into a semantics argument
no it doesnt effect the price on exchange
no potential buying lifting the price is another thing

>>51297346
you think they buy high and immediately sell low or what
i can guarantee you they have no intention to dump it right now into a lower market

>> No.51297547

>>51296404
>Who would win
>A zillion usd of fake wash trading
>One real money dumpy boi

>> No.51297564

>>51297509
you can literally buy all the otc coins on offer for 10's of billions and no it would not move the price on exchange thats what otc means you retard
removal of new buying power doesnt move the price

>> No.51297593

>>51296276
>its all OTC for a cheaper price to big guys

>Buy BTC from GOX for below market price off an exchange
>Sell it on the market for market price for easy profit
>IT'S NOT US I PROMSE!
-GOX

Really makes you think!

>> No.51297619

>>51297473
No it wouldn't you fucking retard, there are other exchanges and people running arbitrage bots between them 24/7

>> No.51297709

>>51297540
Every exchange has a slightly different price you retard. There is no "The price on exchange". Any remotely intelligent person understand that when talking about "the price" you mean the general transaction price for BTC. This is set by supply/demand regardless of where transactions happen.
>you think they buy high and immediately sell low or what
see bottom >>51297419


>>51297564
>retard literally thinks the coins offered on OTC is a fixed sum that will just run out even if you offer above exchange price
lol, lmao

>>51297619
you literally don't know what "flash crash" or "order book" is I see. BTC hit 3,000 like a month ago on some korean exchange. I also don't understand why you think arbitrage bots have infinite liquidity.

>> No.51297848

>>51297709
now you are being deliberately obtuse
of course there will be a seller if you offer way above spot
but in general considering the extended timescales needed to conclude otc deals from scratch vs the lighting speed on exchange settling yes assume a fixed otc booked that can be bought up
btc's are still physical no limitless fractional reserve cooking the books just yet

and nobody cares what tiny exchange list as the price, the price difference across most major exchange is so small as to consider it the same

>> No.51297949

>>51297709
>you literally don't know what "flash crash" or "order book" is I see. BTC hit 3,000 like a month ago on some korean exchange. I also don't understand why you think arbitrage bots have infinite liquidity.
You know what's interesting? On chain at leasat they kind of do. Not like literally infinite of course, but as long as you have gas money a bot can access billions no problem. It's kind of amazing really.

>> No.51298014

>>51297848
>of course there will be a seller if you offer way above spot
Meaning exchanges are affected by OTC. Thanks for finally understanding.
>fractional reserve
stop using words you don't know btw
>nobody cares what tiny exchange list as the price
so now you backpedaled from "the price can't crash because bots" to "i don't care"? I'm looking at binance orderbook right now, it's ~5000btc gox has 137000btc in cold. And in case you need a refreshed on grade school math. The arbitrage bots would move the price towards average. Meaning down on every exchange except 1.

>>51297949
flash crash happens 1000 times faster than a crypto transaction dummy. And "billions" is nothing compared to 137000btc

>> No.51298078

>>51298014
if the seller emerges on otc no i still would not move exchanges
as many commodities markets have shown this past year they were trading on pure paper contracts not back by any physical asset, like that wording better in the end it means the same thing
thusfar this thing hasnt been seen yet in btc

and i never said bots cant crash price they do, i dont see how this correlates with the discussion on otc buys, all the rest of that sentence has nothing to do with the main argument
anon are you functionally schizo raging against imaginary enemies that never did the things you seem to accuse them of

>> No.51298129

>>51298078
>if the seller emerges on otc no i still would not move exchanges
see >>51297509
>i never said bots cant crash price
Then learn to read, because that was the point i replied to. see >>51297619

>> No.51298145

>>51296365
dumbass, thank fuck summer is over

>> No.51298174

>>51298129
you know we have ids here right
you were arguing against another anon there

>> No.51298214

>>51298014
I'm saying on chain in unique in that you can freely access billions in liquidity in single transactions. Talking about arb bots here relating to your comment about liquidity. Not following any other convo you might be having. Just think it's interesting that anyone can access billions via flash loans and flash swaps with uni pools.

>> No.51298216

>>51298174
>you were arguing against another anon there
yes? You're the one talking like I was arguing with you and that you never said X
loooool.

It's my bed time. cya

>> No.51298243

>>51298214
Billions is not a lot in this context where theoretically 1T could be market dumped, and that's before liquidation cascade

>> No.51298406

>>51298216
lol dont you even know what quoting and greentext mean
yes anon i think i really is time for you to get some sleep

>> No.51298507

>>51298243
Theoretically and practically 1T could not be market dumped for many reasons.