68k

[Anonymous No.52485586]

So 68k for Bitcoin was the result of insane amounts of leverage and low volume shenanigans from shady exchanges like FTX

If that's the case the next bull run will probably see Bitcoin at a bull market high of like 6k

On the bright side we won't have moonboys or pajeets around anymore. Insanely bullish longterm I think

[Anonymous No.52485613]

it's the other way around you fucking retarded ape.

[Anonymous No.52485618]

>>52485586
Most retarded take I've seen all day well done

[Anonymous No.52485633]

>>52485613
Why? SBF couldnt even send this shit past 68k leveraging the fuck out of everyones money

[Anonymous No.52485642]

>>52485586
ftx never wanted bitcoin, they wanted us dollars
they loaned FTT to receive us dollars
they loaned FTT to invest in shitcoin projects to receive shitcoins to sell for us dollars
it's like bankman never really cared about the entirety of crypto, but solely about us dollars
so it's only normal when he was manipulating the entire leveraged crypto derivatives market, solely to pump his own us dollar balance

[Anonymous No.52485663]

>>52485642
yes he was a democrat party operative whose job was to scam crypto as another money source to fund them.

[Anonymous No.52485664]

>>52485633
SBF artificially inflated supply of bitcoin using “IOU 1 BTC” instead of 1BTC for customers.

[Anonymous No.52485671]

>>52485633
SBF didn't have any bitcoin. They sold all their customer's bitcoin deposits. They issued fake wrapped bitcoin on Solana with zero backing. They were diluting the market and reducing buy pressure on real bitcoin. These guys wanted to destroy bitcoin

[Anonymous No.52485692]

It's the stablecoins you retard. None of that shit is backed up at all. Crypto explodes the minute anyone gets a real look behind the tether curtain.

[Anonymous No.52485709]

>>52485692

[Anonymous No.52485737]

>>52485613
>>52485618
You massive fucking retards. OP literally described the situation incredibly simply and accurately.
There isn't room for debate on the basic fact that leverage was responsible for the pump, this is a basic and verifiable piece of information that needs almost no inferential ability to comprehend.
Your lack of intellect will be made known to everyone wherever you should meet them in your lives.

[Anonymous No.52485761]

>>52485737
prove it

[Anonymous No.52485795]

the only thing keeping bitcoin alive is third worlders with shit national currencies even worse than bitcoun, be it turkish lire, the lebanese one, or the argentine peso.

[Anonymous No.52485812]

>>52485761
No, you prove it. You are the one trying to make a retarded argument that 90%+ of this retarded board still has the capacity to understand is incorrect.
The burden of proof is yours, you small aquatic animal.

[Anonymous No.52485815]

>>52485613
fpbp, FTX was absorbing buying pressure by creating fake BTC. Have you retards ever herped so much...
you derped?

[Anonymous No.52485827]

>>52485761

The info is out there. I'm not going to spoon feed you

[Anonymous No.52485828]

>>52485795
or the US dollar

[Anonymous No.52485853]

>>52485812
you're the one making a claim. You say "leverage is what was responsible for the pump". So, show your evidence

[Anonymous No.52485862]

>>52485827
okay

[Anonymous No.52485890]

>>52485812
Autist has been triggered kek

[Anonymous No.52485903]

>>52485853
No, the consensus holds OP's argument to be true, you had a retarded one liner rebuttal with no evidence, I pointed this out, you asked for proof. You made the claim that OP is retarded, and you are in the minority, so prove it.

[Anonymous No.52485907]

>>52485903
>you are in the minority
prove it

[Anonymous No.52485929]

How many solBTC were there?

[Anonymous No.52485978]

>>52485929
Think it was about 17000 fake wrapped bitcoin. 70000 total fake bitcoin issued by Solana

[Anonymous No.52486006]

Faggot moonbois getting emotional and screeching at op for being right.
They think retail money just randomly got buttcorns to 69k lol

[Anonymous No.52486022]

>>52486006
It's still bullish. You think SBF will be the last scammer in history?

[Anonymous No.52486047]

>>52485586
6k bitcoin this motherfucker is RETARDED

[Anonymous No.52486052]

>>52485671
>(((These guys)))

[Anonymous No.52486057]

>>52486022
Do you even hear yourself?
>scamming people is bullish, bro!
It seems the only thing that will bring you fools back to reality is going back to 3 digits lol

[Anonymous No.52486086]

>>52485903
No it does not
You are not a consensus. You are a dumbfuck.

[Anonymous No.52486121]

>>52486047

Wow you guys got really worked up over this huh?

In 2021 would any of you believed Bitcoin would be trading at 15k to 16k? You can lie and say yes but all of us know the truth

6k is not fantasy. Brace your buttholes, baggies

It's a real possibility

[Anonymous No.52486188]

>>52486047
You’re in denial, bruv. BTC has no floor. It represents no true value. And no, being “limited in quantity” is not value.

[Anonymous No.52486209]

>>52486057
You literally admitted that the SBF scam in part led to the last bull cycle.

How could scamming *not* be bullish for the market overall? It's the entire idea behind the quadrillions-dollar derivatives industry. Scams make the fucking world go around.

Are you muh "here for the tech" or are you here to make money? Since you're on /biz/ I assume the latter, in which case you should be begging for 50 more SBFs.

We'd have $1M BTC if we did.

[Anonymous No.52486241]

>>52485664
>>52485671
Heh, interesting. I just stopped by to fud. Do you think the extra 17,000 fake bitcoin would have had much impact on price? Seems like a drop in the bucket compared to overall trading volume

[Anonymous No.52486328]

>>52486241
17000 fake wrapped bitcoin on Solana. They had about 70000 fake bitcoin total when you include the exchange. Yeah I think that's enough to suppress the price, given these fakes were sold over and over back and forth. FTX was one of the largest exchanges and all the people buying and selling "bitcoin" there were selling nothing. By how much, who knows?

[Anonymous No.52486431]

>>52485586

[Anonymous No.52486467]

>>52486241
What >>52486328
said, but also that price manipulation has a rippling effect. People don’t see bitcoin going up as much as they think it should so they don’t buy at all (either on FTX or not). It’s not just about the tangible “X bitcoin was fake so X/19 million = Y impact on the price”. There was a psychological component that doesn’t have as clear of a calculation.

[Anonymous No.52486578]

>>52486209
Obviously we're all here to make money. Everyone in crypto is. Anyone saying otherwise is lying to you.

>>52485709
2 weeks ago would you have said FTX is a solid comp with good financials too?

Eventually someone's gonna leak "oh my god tether's backed by nothing but bugman CP get out asap" and fucking 90% of holders will find their shit evaporate overnight

[Anonymous No.52486783]

>>52486578
no I wouldn't have said that because Scam Bankster Fraud was an enemy of bitcoin and was obviously a sleazy person. I never imagined they were completely insolvent or that they stole all of their customer deposits, but SBF being a fraud wasn't a big surprise to anyone with two IQ points to rub together.

Tether Truthers have been screeching that Tether is a fraud for 6 years, and yet Tether has never failed to honor a redemption. Even after all these crashes, even after having to process $10 billion of redemptions in a single day following the collapse of Luna. They've weathered every storm in crypto so far without a single failure.

Could Tether survive a bank run where 100% of depositors tried to redeem on the same day? No, probably not. But they're definitely not running 10:1 leverage against their assets like SBF. My belief is Tether is above board or at least is trying to be, and that the Tether Truthers will continue to be wrong for the next 6 years just as they've been for the last 6

[Anonymous No.52487282]

>>52486328
Nobody knows how many people were actually buying or selling BTC, because he used shell orders to run up the price and nobody ever withdrew to their own wallet. When you can't trust a man with your money, with your orders, with his books, or accounts, why believe him qhen he says XXX# of people bought/sold today?

[Anonymous No.52487324]

>>52485586
OP once again is a complete retard. No surprise there.

[Anonymous No.52487333]

>>52485613
FPBP

[Anonymous No.52487369]

>>52487282
sure, you're right. No way to know for sure. But if they were selling off all of their customer's bitcoin deposits, and selling them fake bitcoin that wasn't backed, then they were creating all sell pressure and zero buy pressure on real bitcoin. Is dumping real bitcoin that customers deposited and selling them fake bitcoin that isn't backed going to move the price of bitcoin up or down?

[Anonymous No.52487422]

>>52485737
>You are all dumb
>OP's claim needs nothing to back it up
>You are all dumb
Nice glow

Everyone knows by now that FTX was issuing paper BTC which suppresses price. Please give me one good reason why this isn't the case. Ever heard of silver manipulation? It's been going on for decades and it's the exact same scenario.

[Anonymous No.52487513]

>>52486241
Wouldn't that imply they were mostly short and if that was the case, why did they blow up?

[Anonymous No.52487533]

Look at it anons. Look at it

You were in a giant bubble this entire time

https://twitter.com/hellspawncrypto/status/1525575167027695616

[Anonymous No.52487560]

They had fake buy orders to pump the price. Used paper BTC to suppress it. They kept it in a range for months then the moment they go under it tanks. You people are arguing past each other.

[Anonymous No.52487576]

>>52485853
>>52485907
>>52486086

in what world is less liquidity bullish, retard monkeys? Holy shit god have mercy on your bags if you are actually trying to argue that less leverage and liquidity during a period of negative rates is bearish.

[Anonymous No.52487581]

>>52486783
the thing with higher interest rates is that tether is probably making more than ever before lmao

[Anonymous No.52487607]

>>52485586
>pls buy my bags

[Anonymous No.52487666]

>>52487607
>https://twitter.com/hellspawncrypto/status/1525575167027695616

Gonna keep linking it as I think all of you need to look at it

The honest truth is I'm only 25% in, 75% out and the 25% that I'm in is mostly in profit (not much, but some)

I have no dog in this fight. I'm not afraid of a 2k BTC or a 600k BTC

Up to you to either digest what I've told you or put your collective head in the sand

[Anonymous No.52487833]

>>52487666
>schizo nonsense posted by twitter nobody

[Anonymous No.52487874]

>>52487666
>>52487533
>Posted in May 2022
Shoulda listened to the schizos

[Anonymous No.52487891]

>>52487833

Most of you are destined to feed cash to people like me and it really shows

[Anonymous No.52487912]

>>52487891
>I'm in is mostly in profit (not much, but some)
>not much
congratulations

[Anonymous No.52487931]

>>52487912

10% to you is totally different than 10% for me

Your size is not size. Thanks for playing

[Anonymous No.52487954]

>>52487931
lmao. lol even

[Anonymous No.52488089]

>>52486121
the fact that we blew a giant hole into the third largest exchange while we were in the middle of a bear market while bitcoin was at its weakest and we only dropped down a little bit makes me think this is truly the bottom. unless you are suggesting things are just going to keep imploding so next is binance, then tether ect ect