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/biz/ - Business & Finance


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54754695 No.54754695 [Reply] [Original]

Bitcoin pumped, then someone spreaded a false rumor, then Bitcoin megacrashed, then Bitcoin can't recover yesterday top. WHAT A JOKE OF AN ASSET

>> No.54754702

What was the rumor?

>> No.54754704

>>54754695
They crashed Bitcoin because they thought Sergey was going to announce CCIP lol

>> No.54754718

>>54754702

"Snap volatility had kicked in following the Wall Street open as bulls’ trip to $30,000 was rudely interrupted by fears that BTC from wallets controlled by the U.S. government and entities related to defunct exchange Mt. Gox were on the move."

https://cointelegraph.com/news/bitcoin-price-retargets-29k-after-mt-gox-panic-liquidates-320m

>> No.54757327

>>54754718
market is a scam, exchanges just use whatever tactics to liquidate as many traders as possible.

>> No.54757353

>decentralized currency
>bullied by Twitter
Lmao

>> No.54757354

>>54754704
Sergay was talking about how information is used to manipulate the market and that happened while he was showing his new slides.

>> No.54757389

>>54754702
some people were paying for news feed from 'arkham' whatever financial research company.
>https://twitter.com/tier10k
tier10k aka db tweeted he got an alert from that company, the US Govt was selling btc from mt gox hack (840k btc).
which, it wasn't true, arkham explained they fixed a bug with alerts, and older alerts got sent out.
what that means is, tier10k created an alert himself, named it 'mt gox', for just btc trading more then $10k, and then when the bugfix went in, his custom alert triggered and he tweeted.
and that news, made some actual big investors auto sell, it means that investor wasn't paying for arkham, but just scraping twitter in general and saw tier10k's dumbass tweet.

>> No.54757429

>>54754695
The crash that happened from the rumour exposed how vulnerable bitcoin is to news and so destroyed investor confidence.

>> No.54757454
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54757454

>>54754695
friendly reminder that JUMP TRADING is behind both the blatantly scammy btc dumps to suppress price and the 24/7 FUD campaign on both biz and Twitter. this is how they choose to spend their vast resources. these are the parasitic organizations that we will inevitably be purging from the world.

also congrats to SNX for having abysmal foresight and getting suckered into a wolf in sheep's clothing attack. extremely bearish.

picrelated is the head of crypto at JUMP TRADING who is dumping on you kek

>> No.54757466

>>54754695
>>54754718
>price did something
>this other thing happened to happen around the same time
>even though things happen all the time
>HURRR THAT ONE THING MUST HAVE CAUSE THE PRICE TO DO SOMETHING!!!11

>> No.54757500

>>54757389
Wtf does that mean in retard?

>> No.54757516

babbys first manipulated market

>> No.54757530

>>54757429
Unless the same people spreading the rumor with intent to destroy confidence also coordinated dumping on the rumor to even further shake up lettuce hands.

>> No.54757540

>>54757500
Magic smoke said bad news
But it mistake, news not new
Grug with many stone think it new
Sell all stone

>> No.54757546

>>54754695
>Government doubles the money supply
>Still not buying Bitcoin because "the price changes"
>Be surprised when you can't afford 500 USD for a hamburger

>> No.54757581

>>54757500
sorry.
guy on twitter pay for news aggregator.
news aggregator allow create notifications, e.g. tell me when bitcoin increase 5%.
guy on twitter made a misleading notification, named it 'mt gox'.
news aggregator fix bug, old notifications spam everyone.
guy on twitter sees HIS OWN notification he made.
big investor sees guy twitter post dumbass tweet based on dumbass notification.
computer auto sell btc on dumbass tweet based on dumbass notification.

>> No.54757812

>>54757581
>this long convoluted bullshit must have happened because there was a scary dip and it must be explained by something

>> No.54760693

>>54757540
ah, an anon of culture I see

>> No.54762158
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54762158

>>54754695
Well, everything is a joke by now, I'm only into crypto to learn a bit more of it with nwc kek, and for teh occasional gains

>> No.54762176

>>54762158
>He's into crypto for learning purposes
This is the best kek I've had this week

>> No.54762182

>>54762158
ain't that a news platform too? piece of shit lmao

>> No.54762189

>>54757546
And still getting paid the same 1-2k a month

>> No.54762210

>>54762158
That's exactly what you do NOT do kek

>> No.54762247
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54762247

>>54762158