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/biz/ - Business & Finance

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53727851 No.53727851 [Reply] [Original]

I'm just too stupid to understand bitcoin, why are we pumping this way?

>> No.53727858

they buyed

>> No.53727869

>>53727851
When bitcoin is bought more than it is sold the price increases.

>> No.53727893

>>53727869
wrong, there is always a buyer to match a seller. its the price that the market participants agree to buy/sell at.

>> No.53727913

>>53727893
The reason that people agree to pay more is because there are more buyers and therefore the price must increase to accommodate the increased demand. If you're going to correct me with your 'uhh ackshaully' tier posts again please at least be correct. Cringe.

>> No.53727926

>>53727913
>>53727893
In fact don't ever reply to me again. I have better things to do than teach idiots the ways of the world. Good day.

>> No.53727975

>>53727926
actually if all buyers agree on the same buy price the price doesnt go up but is matched to the seller so if somebody wants to sell for less it would decrease the price even tho there is more buyers

>> No.53727977
File: 196 KB, 593x584, 1628339848378.jpg [View same] [iqdb] [saucenao] [google]
53727977

>In fact don't ever reply to me again. I have better things to do than teach idiots the ways of the world. Good day.

>> No.53728008

>>53727851
Bitcoin is the ultimate form of hard currency in the modern world, thats why.

>> No.53728029

Whales messing up with il copo

>> No.53728327

>>53727851
Paradigm shift

>> No.53728332

LINE GO UPPIES OoooooOOOOOOOOOOOooo WARREN BUFFET AND CHARLIE MUNGER SHIT IN THEIR COLOSTOMY BAGGIES

>> No.53728338

>>53727851
fuck off. we're full.

>> No.53728351

>>53727851
the market will also do what inflicts the most pain on the most people

most people are still bearish or at the very least, too scared to take a sizable position thinking we'll see new lows or just keep crabbing (even despite crabbing for 8+ months already)

max pain is btc moving much higher

>> No.53728419

>>53727851
that is a low volume retail pump unfortunately it will come straight back down

>> No.53728461

>>53727926
kek

>> No.53728617
File: 73 KB, 1376x1078, E0237464-6D56-4155-96C6-40F9B0AAA2ED.jpg [View same] [iqdb] [saucenao] [google]
53728617

Kek you still haven’t figured it out yet. Pic related.