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/biz/ - Business & Finance

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51713464 No.51713464 [Reply] [Original]

Now for real, how can the BTC price stuck between 18k$ to 20k$ ???? Who the fuck is buying BTC a these prices??? Is it likely to get a drop to prices people can afford...?

>> No.51713501

>>51713464
bots
it's literally all bots back and forth
and then sometimes a human makes a big and large manual purchase and causes a bunch of the bots to hit their panic buttons one way or the other (panic buying/panic selling in all directions)

it's just bots back and forth, it always has been

>> No.51713691

>>51713501
Hm I see, but where's the profit if bots only selling back and forth... I mean these people lose through exchange fee if nobody buys...

>> No.51714203
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51714203

>>51713691
no, the wash trading has no fees because its the exchange doing the wash trading
they can prop it up indefinitely if they wanted to

>> No.51714231

>>51714203
check the volume and compare it to April

>> No.51714277

>>51713464
Don't ask yourself who is buying. Ask yourself who can still sell after so many capitulations?

>> No.51714303

>>51713691
the exchanges run the bots lol

the exchanges own Tether. they own all the order books. they can see everyones buys/sells. they can trade against who ever they want

>> No.51714313

>>51714203
Will there be an end, where they will ultimately disrupt the price ?

>> No.51714334

>>51714313
My opinion is that they don't want a complete capitulation.
We shall see

>> No.51714742
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51714742

wouldn't the exchanges prefer it to go down, more people will buy = more trading fees and more chances to liquidate long/shorts

real reason is abritrage bots, this is what cause the price to hover in such an in-organic narrow range. the purpose of this is to remove any obvious signs for longs and shorts, to keep it 50/50 - so that the exchanges holds the wild card.

>> No.51714759

>>51713464
HHAHAHHAHAHAHAHAHAHAHHAHAAA
You little poorfag phoneniggerfaggot mutt. You will never ever be able to buy one btc you will always be priced out, seethe about, seethe.
>>51714203
You have no clue what you are talking about.

>> No.51714849

>>51714759
I could afford one easily now, if I want. Incel.

>> No.51714893

>>51714759
your IQ must be low when you think OP is a mutt