explain this to a brainlet

[Anonymous No.55208077]

[Anonymous No.55208114]

>>55208077
Maybe a dead cat bounce, market manipulation to kill shorts and pump asset price before another dump.

[Anonymous No.55208116]

>>55198641
psyops, incompetent ones by tech bros

[Anonymous No.55208120]

Coinbase is gay

[Anonymous No.55208144]

gemini is safu. I only trade on gemini.

[Anonymous No.55208160]

btc has been completely manipulated by whales for the entirety of 2023. As the gongo man would say:whale games. If you trade with leverage right now you might as well play roulette

[Anonymous No.55208162]

defi doesn't care about your CEX faggotry

[Anonymous No.55208171]

>>55208162
>people are going to self custody when price goes to 2015 levels
you believe that

[Anonymous No.55208177]

The Jews don't show you the same pitch twice.

[Anonymous No.55208186]

>>55208077
People realize the lawsuit is a nothingburger.
Maybe in 3 years they'll have to pay a fine. Who gives a fuck?
Bitcoin, Ethereum and DOT are explicitly not listed in any of the lawsuits nor in the full 61 token list.
Buy and forget.

[Anonymous No.55208192]

>>55208162
this. this whole thing is a huge fucking nothing burger. CEXs are being obsoleted anyway for this exact reason - the government can fuck with them.

[Anonymous No.55208212]

>>55208192
>>55208186
i cant forget because i missed out the 25k dip

[Anonymous No.55208217]

>>55208077
Coinbase getting sued was the cause for that 12:00 red candle then bitcoin bounced off the $25k support

[Anonymous No.55208227]

Looks like the "I'm sick of your low IQ FUD" pattern, people don't give a fuck anymore

[Anonymous No.55208252]

NEGABART

[Anonymous No.55208292]

>>55208252
you cant meme

[Anonymous No.55208298]

I wonder what will happen when Kraken gets sued tomorrow.
Or will it be Gemini?

[Anonymous No.55208313]

>>55208077
prepare to get pump hard
everytime you see more niggers more spics you know its money injection time to pay off more debt
the result is always the same massive hyperinflation
works everytime
that is why the housing price never comes down but up in most diversity area
simple logic common sense
that is why you have unlimited crypto to supply unlimited diversity
simple as
diversity=massive debt=hyperinflation
giga pump incoming

[Anonymous No.55208324]

>>55208077
The Coinbase suit specifically confirmed that BTC, ETH and USDT are not securities.

[Anonymous No.55208341]

>>55208227
the fun begins when lsd tokens get mentioned

[Anonymous No.55208343]

>>55208077
SEC is fake and gay and keeps doing these stupid lawsuits. Do they even have the money time or manpower?

Anyways the lawsuit against coinbase is about the unregistered sexurities they’ve already been talking about. Everyone is tired of this shit. It also means shitcoins = shitcoins and money is probably flowing back into btc. Does the SEC have nothing better to do this is literally the new china fud

[Anonymous No.55208359]

>>55208343
what other lawsuits are they failing?

[Anonymous No.55208372]

>>55208343
more motivational speeches, while you rats leave the sinking ship

[Anonymous No.55208409]

>>55208077
It's to liquidate shorts. There is barely any volume, so that's the only way to make money. Liquidating shorts then liquidating longs.

[Anonymous No.55208532]

>>55208077
>Tfw bought 1 BTC at 25k.

I'll never understand why people sell a fixed quant asset when there is a day of bad news.

[Anonymous No.55208551]

>>55208292
Newfag

[Anonymous No.55208560]

>>55208162
How do we defi buy bitcoin?

[Anonymous No.55208587]

>>55208077

[Anonymous No.55208655]

>>55208587
North of 27k now.

[Anonymous No.55208683]

>>55208077
>[Binance sued]: "oh shit, Binance is going down"
>[Binance sued, Coinbase sued]: "the government is just sperging out"
"Oh shit, Binance is going down" is compatible with "the government is just sperging out", but the latter also hints that the government's resources will be stretched too thin to make any meaningful impact. This is spurious, since, hypothetically, all exchanges could be going down, but if we quantify the amount of effort that the government expends, sort of like damage in D&D, then we get (with example numbers)
>[Binance sued]: damage(50)
>[Binance sued, Coinbase sued]: damage(80)
Now, damage(250) is nominally worse than damage(50), but they rationally hypothesize that the government wouldn't expend damage(80) to take down an exchange with say, resilience(40) - the "nuclear option" is thought of as being out of proportion and thus not likely to be used, especially if damage(50) were enough. So if we expand out the exchanges:
>[Binance sued]: damage(Binance, 50), totalDamage(50)
>[Binance sued, Coinbase sued]: damage(Binance, 40), damage(Coinbase, 40), totalDamage(80)
This does not necessarily accurately predict the future, since it is predicated upon the damage being evenly spread, but it is the thinking behind the movement.

[Anonymous No.55208693]

>>55208655
the liq wick at 27.4 will be the high to beat

[Anonymous No.55208702]

>>55208298
its over

[Anonymous No.55208720]

It's people realizing that once there are no on-ramps for BTC and XMR the price will skyrocket

[Anonymous No.55208721]

>>55208551
>t.2015 meth tranny getting fucked

[Anonymous No.55208747]

>>55208077
scam market

[Anonymous No.55208766]

Fuck it, I closed my short.

[Anonymous No.55208796]

>>55208720
>the price will skyrocket if theres no way to convert fiat into crypto
what did this retard mean by this?

[Anonymous No.55208818]

>>55208077
Someone sold too many OTM put contracts during the last 24hr leading MM to purchase the underlying asset (BTC)
It's going to come down even faster now

[Anonymous No.55208913]

>>55208818
>>55208818
Regardless of wether this lawsuit is nothingburger or not (Probably is) the current market is overleveraged and I'd expect the price of ETH BTC to crush hard each time IV goes up

We need to shade a few hundreds of millions of OI in futures before we can talk about

[Anonymous No.55208946]

The coinbase sue made people realize that the SEC is acting like a screaming 6yrs old child

[Anonymous No.55208965]

>>55208796
If I have crypto and you have fiat, and you want crypto from me but there's no easy way for me to get more in future, it's going to be much harder to convince me to part with my crypto in favor of your useless fiat.

[Anonymous No.55208977]

>>55208946
And? People have other worries then being baited into a frenzy by social media and tech bros like if it was 2012. Tech has no allies anymore, crypto even less

[Anonymous No.55209032]

>>55208965
and its gonna be much harder for people to buy your shitcoins you dumb retard. and btw you mean the useless fiat you use to pay all your bills and that trades against all your favourite shitcoins and you cum all over yourself when its price goes up because you know you'll get more "useless" fiat out of it? is that the useless fiat youre talking about?

[Anonymous No.55209083]

>>55208796
>>55209032
this has nothing to do with stopping money getting into crypto. The worse case scenario is coinbase can't list so many shitcoins and you have to buy them on defi. The SEC is conceding BTC/ETH aren't securities, so you can just buy BTC/ETH with fiat and then go to defi and buy whatever you want.

They tried to go after crypto onramps earlier this year with silvergate and signature, they went so hard they might have cause the banking crisis. They shut down the crypto friendly banks but they don't have to legal authority to block wires or credit card purchases if that's what customers want.

[Anonymous No.55209156]

>>55209032
>and its gonna be much harder for people to buy your shitcoins
Which will make them pay a higher price so I sell it to them and not to someone else.

>btw you mean the useless fiat you use to pay all your bills and that trades against all your favourite shitcoins
I don't put money in shitcoins, and yes I mean that fiat, that's why I keep my bills to a minimum.

>you cum all over yourself when its price goes up because you know you'll get more "useless" fiat out of it?
I have never bought more than 5 dollars with my crypto in my entire life and I don't plan to ever buy fiat with it again.

[Anonymous No.55209173]

>>55209156
thats not how it works retard even if they are willing to pay more the amount the are willing to pay * the number os buyers will be lower overall you low IQ ape. there will be less money buying than before

[Anonymous No.55209191]

>>55208324
Fantastic, that means they shouldn't be regulated

[Anonymous No.55209194]

>>55209173
There will probably be more wanting to get into crypto now that its clear the biden admin is so pissed off about crypto for some reason.

[Anonymous No.55209228]

>>55209173
The number of buyers would stay the same, since people dissuaded because they can't speculate on it will be replaced with people who realize the government can't be trusted

[Anonymous No.55209229]

>>55208077
BTC is one of the most fiercely manipulated assets in the world.

[Anonymous No.55209279]

>>55209228
80% of humanity injected themselves with mystery juice on government demand. youre retarded

[Anonymous No.55209301]

>>55209279
Right, and many of them have learned their lesson and will be looking for a way to get back at the people who harmed them and their families.

[Anonymous No.55209350]

>>55209279
99.5% whites injected themselves. Now the earth can decompose their rancid std ridden bodies.

[Anonymous No.55209421]

>>55208077
>Racism against chinkoids
>LE BAD
>Racism against the White Man
>LE GOOD

[Anonymous No.55209443]

I think CZ forgot he's being sued. So much for the superior chinese intelligence

[Anonymous No.55209498]

>>55208077
Why should the SEC suing exchanges for selling unregistered securities impact the price of Bitcoin? The dump made no sense to begin with.

[Anonymous No.55210072]

>>55209301
lol no. they will all take next mystery juice like dogs to their vomit.

[Anonymous No.55210162]

>>55208766
get fucked nigger

[Anonymous No.55210178]

Some shithead shorted in an already losing market. Guess he needed some gas money.

[Anonymous No.55211064]

>>55208766
lmao what a stupid sheep, I bet you wanna long now huh?

[Anonymous No.55211080]

>>55209443
>a chink/canadian getting sued by amerimutts
good luck with that Scott!

[Anonymous No.55211311]

>>55208077
Someone dug deep https://www.youtube.com/watch?v=38VxE3l4HOs

[Anonymous No.55211360]

>>55208252
inverse bart*

[Anonymous No.55211372]

>>55208077
It's simple. Captioned events have nothing to do with the price.

[Anonymous No.55211424]

>>55208077
News triggered a massive panic sell, whales were already selling frontrunning the news, they bought back because was a nothingburger only useful to slurp.
Massive extermination of Both mammal species.

[Anonymous No.55211444]

>>55211424
>Just a nothing burger
>nothing ever happens