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/biz/ - Business & Finance

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6990448 No.6990448 [Reply] [Original]

BTC going to hit support at about 10,500 in 1 hour and either breakdown or breakout within 48 hours

>> No.6990469

What?! Good advice on biz?? Surely not

>> No.6990495

>>6990448
I hope it breaksdown, I want more BTC.

>> No.6990496

>>6990448
bitcoin shat the bed so hard the last weeks im afraid to tell you nobody gives a shit anymore

>> No.6990514

>>6990469
This is a giant flag. It's going to be the fucking big one. Up to $20k or down to $8k for a month

>> No.6990517

>>6990448
>its gonna go up or down
orly

>> No.6990539

>>6990517
*goes sideways for a month*

>> No.6990545

>>6990517
meaning 100% chance alts get destroyed. are you new?

>> No.6990563

>this shit again
It's going to trade sideways for a while longer trust me

>> No.6990583

Oh jeez, thanks for the warning. Now I know it will either go up or down in the future. Thanks a bunch.

>> No.6990593

>>6990583
see
>>6990545

>> No.6990600

>>6990563
True, no action on sundays.

>> No.6990610

Is ETH a safe haven or nah?

>> No.6990612

>>6990563

no it has to make a decision at the end of the triangle

>> No.6990621

>>6990545
then alts reach new ath and 90% of you get rekt trying to time it correctly.

>> No.6990629

*prints another trillion tether*

>> No.6990649

Volume has dropped significantly today, I'll be shocked if it doesn't breakdown.

>> No.6990669

>>6990545
>more than doubled in Satoshis this month
Yeah, it doesn't work like that anymore.

>> No.6990682

>>6990495
Stay tunned with their TA gg/raAudb9

>> No.6990689

>>6990612
Why?

>> No.6990742

>>6990689
because its a point where support meets resistance so there is no support or resistance at the apex

>> No.6990753

>>6990669
Don't doubt the king kid. You must be new.

>> No.6990770

Just set trailing stop losses on your alts and relax

>> No.6990786

>>6990545

So in other words it will definitely go up as people exit alts and then go down immediately as people buy cheap alts? Stfu

>> No.6990797

>>6990448
As soon as it dips below 10000 Bitfinex will pro t so.e more tether within the day.

>> No.6990800

>>6990770
>just purposefully throw away your money when you could avoid losses through attentive trading.

People like you sicken me.

>> No.6990803

>>6990649
Volume was like 30b a few weeks ago. Somehow BTC still keeps going. I'll be shocked if it doesn't go under, but not surprised

>> No.6990809

Triangles usually break to about half of their height, right? In this case it would be 13k-13,2k which happens to be a resistance or 8,3k-8,5k which happens to be a support. So when it breaks you should be able to safely ride it up or down with at least 15% gain (if you margin trade of course)

>> No.6990838

>>6990753
>Two months downtrending
>A few weeks shitting the bed like a madman
>There are literally no news this year for BTC

>> No.6990850

zoom out the charts for support & resistance

>> No.6990853

>>6990800
what the fuck are you talking about? a trailing stop loss goes up with the price. it's not a fixed limit

>> No.6990874

>>6990742
according to abitrary TA lines that literally account for nothing more than patterns people like to pretend to understand.

There's been a kajillion of these threads this month all with different TA, obviously they can't all be right and when it breaks one way or another someone is right and someone is wrong. It can easily trade sideways, just drawing a triangle on a graph doesn't mean that the price will break up or down significantly

>> No.6990892

>>6990469
> TA
> Good advice
Surely not

>> No.6990896

>>6990514
ur a giant fag

>> No.6990898

>>6990448

>exit all alts

its k I got XLM im fine

>> No.6990901

>>6990514
If you stop thinking about things from a purely TA standpoint you'd realize holding BTC is a great idea right now because Robinhood will open up trading to the normie market very soon.

>> No.6990904

tethered up just in case
better safe than sorry

>> No.6990916

>>6990853
Can you tell me more about it?

>> No.6990922

>>6990809
no they break to ruffly their size at the width of the triangle

>> No.6990936
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6990936

>>6990621
that's what retards on /biz/ and retards that I know IRL never seem to get. Everyone seems to think it goes like this:
>whales sell their alts and go BTC
>BTC goes on bullrun while alts get BTFO
>biz virgins buy alts for BEFORE whales and the whales end up holding BTC bags or forced to buy back their position in alts at a higher price

This never happened and will never happen. No whale or group of whales will leave their position in alts and then buy back at higher price AFTER dipshits on biz already bought it

They way it really goes is like this:
>whales sell alts and jump to BTC while alts get BTFO
>biz fomos and does the same
>whales buy back alts at a cheaper price
>biz ends up holding BTC bags and they either
a) keep holding these bags while they go sideways and alts reach new ATH
b) sell BTC bags to buy back into their alts at a higher price

This happens every fucking time and it will happen again and again. Everytime I see a dipshit trying to time the market he maybe is succesful 1 or 2 times but eventually gets BTFO.

>> No.6990937
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6990937

>>6990742
tell me more about how the price must follow your arbitrary rules

>> No.6990951

Should I go tether/BTC 50/50? Can't lose that way right?

>> No.6990967
File: 33 KB, 732x643, google_trend.png [View same] [iqdb] [saucenao] [google]
6990967

>>6990448
Geez, I wonder which way btc going to break....

>> No.6990992

btc couldnt even break the 10k support after news of the biggest hack in crypto history

lmao.. this is going to 13k EOW, and has almost no chance of breaking down

>> No.6991002

>>6990753
>nothing personnel kid
>u must be new, not like me im oldfag from December

>> No.6991010

>>6990967
Lmao we're using google trends as a financial indicator now?

literal brainlets

>> No.6991015 [DELETED] 

>>6990916
A trailing stop is more flexible than a fixed stop-loss order as it automatically tracks the coin's price direction and does not have to be manually reset like the fixed stop loss. Most exchanges haven't implemented this, but you can get around that limitation using bots or marstrader.com (if you're on bittrex)

>> No.6991026

>>6991010
yeah, it only predicted every bull run the last 6 years.

>> No.6991033

>>6990951
>Tether implodes making both USDT and BTC worthless forever
Nah, you're totally safe brah.

>> No.6991038

>>6990809
this, down to 7.5-8.6 we go then breakout and bullish through the next month

>> No.6991044
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6991044

>>6990448

>> No.6991064

>>6990916
A trailing stop is more flexible than a fixed stop-loss order as it automatically tracks the coin's price direction and does not have to be manually reset like the fixed stop loss. Most exchanges haven't implemented this, but you can get around that limitation using bots or marstrades.com (if you're on bittrex)

>> No.6991070

>>6991026
>Price rises
>News reports it
>People google how to buy.

The trend in that graph is a consequence of a bullrun you potato not a cause.

>> No.6991078

>>6990967
Holy shit that's the worst metric possible

>> No.6991087

>>6990448
That's the worst prediction I've ever seen.

>If BTC hits this point, it might go up or down within the next 2 days.

Bravo m8, you are truly a genius.

>> No.6991093
File: 32 KB, 366x380, 8874574F-73D0-40EF-AED8-09FB434B1958.jpg [View same] [iqdb] [saucenao] [google]
6991093

>>6990448
>symmetrical triangle
That’s a continuation pattern! It’s going down!

>> No.6991103

>>6991026
>>6990967

I like the idea but google trends probably lags behind BTC though

BTC goes on bull run > News reports on it > people google it

>> No.6991112

>>6990809
2/3 to 3/4, not half. In crypto, usually more like 9/10.

>> No.6991138

>>6991010
>>6991078
>they don't understand that emotional and psychological indicators in the market are just as important as other indicators

>> No.6991143
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6991143

>>6990967
this is to shitty for even reddit. please go back to facebook.

>> No.6991149

Anyone who does TA and makes prediction using only trend lines is a moron

>> No.6991151

>>6991070
anyway, i'm looking to buy sub 9k.

gl with your trades.

>> No.6991165

>>6991087
No one can predict the direction. All we can tell from the graph is BTC will explode up or tank this week. That alone is huge information because you can teather up and buy the breakout or wait for the bottom. Also RIP alts

>> No.6991224

>>6991165
I'll go with the direction we are currently on since the top at 20k.

>> No.6991233

Just stay in ETH, it's gonna go up in sats and/or fiat value no matter what happens to BTC.

>> No.6991273

>>6991149
The hilarious part about TA is that the only reason it works is because other people think TA works. It's a self fulfilling prophecy.

>> No.6991275

>>6991151
Good Luck to you but seriously that's a terrible metric to use please reconsider in the future

>> No.6991359

>>6990901
>poorfags are coming
yeah, no

>> No.6991457

>>6990448
Meh, nothing will happen if it rises. It will not reach 20k anytime soon. Best we can hope for is a return to 13k, maybe 15k after a few days, the area it hovered around in the second half of December. This will actually help the alts recover to previous heights as well.
If it drops, you should exit all crypto, including BTC, ETH etc.

>> No.6992136

oh wow
op was wrong...

>> No.6992224

>>6990448
Btc will continue sideways for a while since it’s been internally correcting. Stop fudding

>> No.6992571

bitcoin just hit 11500, you are off by one digit op

>> No.6992612

so it's breakout?

>> No.6992614

>>6990448
Why are OPs always wrong?

>> No.6992624

BUT IT SURE AS FUCK IS BREAKING OUT. YOU WERE RIGHT, OP. EXIT ALL ALTS AHHHHHHHHHHHHHHHHHHHH

>> No.6992811

THIS IS NOT A DRILL, EXIT ALL ALTS. I REPEAT, THIS IS NOT A DRILL!!!!!

>> No.6992838

>>6992612
Too early to tell, could be a fake breakout followed by a dip.

>> No.6992917

>>6992624
it's a fake breakout to make people buy back in, crash to sub 10k later today.

>> No.6992950
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6992950

>tfw too scared to daytrade

>> No.6992986

>>6992917
>>6992838
I'm inclined to agree, the volume is really really low. I think we might see a dip in 12-24 hours depending on how long this rally lasts.

>> No.6993032

>my FUN and XLM mooning too

Nah I'm good

>> No.6993069

Bitcoin to the moon

I don't own any but it's nice to see nonetheless

>> No.6993090

>>6990904
mfw pink id was not a coincidence

>> No.6993097
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6993097

>>6990448

biz is a real shithole ... how come there weren't more threads about the coincheck hack - JAPS lost 500 MIL - trading suspendend ... guess what faggots ... many are going to pull out in addition to the downtrend until at least april or so - or if shit goes south (bad regulations) to kill this crypto-coin game for good ... THEIR blockchain will prevail but coins? you niggas be tripping

>> No.6993100

>>6992614
Well, this is the largest green candle I've seen in a while. And this time it wasn't caused by tether printing.

OP was wrong with the time but it does look like a solid breakout for now.

>> No.6993109
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6993109

breakout confirmed

BTC to $15k in about 24 hours

>> No.6993135

>>6993109
First we should dive to 9k mate

>> No.6993138

>>6992950
Good decision anyone on biz who encourages or glorifies daytrading is just trying to troll you

>> No.6993148

>>6993109
It isn't going to happen. BTC us moving SLIGHTLY up in order to shift the charts on other coins. BTC isn't the king anymore, it's the bitch.

100% never going to 15K ever again.

>> No.6993150

>>6993100
time is the hardest and almost unpredictable in crypto

>> No.6993152

>>6993109
put more lines there faggot

>> No.6993168

>>6990448

Oh look it's literally nothing. You fuckers realize if you do the opposite of what /biz/ says, you'll be rich as fuck

>> No.6993204

>>6993148
Boring post

>> No.6993206

>>6993168
that's why we tethering

>> No.6993258

>>6990448
TA is a meme, it's probably way more precise to take the floating mean over the last week

>> No.6993343

>>6993258
everything in crypto is a meme DESU

>> No.6993389

This fucking low volume is killing me...

>> No.6993477

>>6993389
because it was in no mans land

targets are 11700 and a solid close above that price and we go to 14k and then 17k in the coming week/s

>> No.6993542

>>6993477
I don't get it, why should people start buying or selling just because it crosses some arbitrary lines

>> No.6993548

>>6990448
>What are continuation triangles? - OP
A continuation of the previous trend.
BTC previous trend: Down

>> No.6993566

>>6990539
this

>> No.6993585

>>6990448
GUYS! HOLY SHIT! LOOK AT THESE LINES I DREW. THEY'RE TELLING ME IT'S EITHER GOING TO GO DOWN OR UP! CAN YOU BELIEVE IT?

>> No.6993608

>>6993542
the lines indicate the mentality of the market

>> No.6993631

>>6993542
support/resistance

crosses the upper line and resistance becomes support > the new bottom for now

>> No.6993640

OP's estimate is too early. My guess is that BTC will keep moving sideways for 1-2 days, judging by Bitfinex' 1-day candles. After that, it will go down or, with a much lower probability, up.

>> No.6993657

>>6993585
see
>>6990593

>> No.6993755
File: 1.97 MB, 350x272, tenor.gif [View same] [iqdb] [saucenao] [google]
6993755

>>6990448
>Be OP
>Have very high IQ
>Watch plenty of Rick & Morty to keep those brain gains pumping
>Start looking at coinmarketcap because the other geniuses on Reddit told me to
>See BTC chart
>Cleverly reduce all possibilities down to two possible options
>The line will go up
>The line will go down
>Draw triangle on line
>It tells me the line will go either up... or down
>immediately inform everyone
>Anons flock to me for TA
>MSNBC immediately hires me as one of their economists
>mfw I don't even own any cryptos
>mfw I've never read a white paper in my life
>mfw I'm a genius

>> No.6993807

>>6993755
The triangle is one of the most reliable formations. You're just too new to crypto to understand that. But you'll see, don't worry, and you'll remember these words.

>> No.6993843

>>6993755
you forgot sideways which it was trading for weeks

I am stating BTC is going to make a very big move soon

This is valuable information

>> No.6993890
File: 200 KB, 1080x1920, Screenshot_20180127-114220.png [View same] [iqdb] [saucenao] [google]
6993890

>>6990448
Setup to buy the dip yesterday. Looking at the 3 month chart, it looks like it will eventually cross the 10k support and dip as low as 8k.

>> No.6994010

>>6990770
Most altcoin exchanges are too shitty to have this type of order

>> No.6994021

>>6993890
>having dollar in your portfolio

>> No.6994081
File: 6 KB, 294x171, brainlets.png [View same] [iqdb] [saucenao] [google]
6994081

bigcoin prise go upp or don son!

>> No.6994093

>>6990649
Volume goes down during consolidation triangle, and spike up during breakouts.

>> No.6994118

>>6994081
see>>6993843

>> No.6994125

>>6994021
It's not stupid if he wants to buy dips.

>> No.6994131

>>6994021
It's sitting in an eth buy order so might as well be there.

>> No.6994180

>>6993890
Your technical analysis is useless as crypto is 70% driven by hype and news. Let me make a more accurate prediction based on actual real info:

Futures just expired, so we can expect that the massive random dipping will stop for a while. BTC has been trading sideways, if not with a slight uptrend for a bit now, and everyone that got out will be FOMO'ing in soon. Sunday is always a slow day to it will trade sideways some more tomorrow. Monday is usually the day when we recover from Sunday. Tuesday we will real gains and the first signs of the actual reversal.

Your meme lines don't take any of these facts into account and therefor you are wrong.

>> No.6994182

>>6991165
RIP BTC, nice knowing you.
At least alts will recover, BTC will be dead forever once it's finished.
Exit BTC now. You've been warned.

>> No.6994201

>>6990448
if dubs TRX hits 1000000kkk EOY

>> No.6994216

>>6990610
It just follows btc.

>> No.6994229

>>6994131
Same here, but my fingers are itching and I wanna place a short/long position but I honestly have no idea where this is going.

>> No.6994245

>>6994180
>Futures just expired, so we can expect that the massive random dipping will stop for a while.
What's the relation between dipping and futures?

>> No.6994281

Sigh, thanks for warning us for the 10th time this month about THE UPCOMING BREAKOUT
In reality people will just sell as soon as it gets high enough because they're scared.

>> No.6994327

People unironically believe in memelines?
I could toss a coin and get results of equal value.

>> No.6994379

>>6994245
Futures allow people to short (make money when btc goes down). If you're a company or person that has lots of money, this is how it works:

1) start shorting BTC
2) sell 10 million worth of BTC
3) BTC drops, you get money because of the shorting
4) the drop in BTC is starting a panic sell, BTC drops further
5) you get more money from your short
6) you made 100 million from your 10 million investment

I thought this was common knowledge by now? They were pushing the price down because it was gaining them money.

>> No.6994502

>>6994229
I just try to see it as another bet. I buy something expecting it to go up, but if I'm expecting it to go down this is the logical move.
I could be wrong of course, nothing is certain.

>> No.6994525

>>6994379
>2) sell 10 million worth of BTC
There we got a problem. You're assuming that all those Wall Street traders are seasoned crypto veterans who've been accumulating from like 2010 and have stashed millions worth of private keys. And, of course, they did not get into crypto only this winder during the hype. But in that case, why would they wait for Wall Street futures in the first place, a tool for luddite boomers? You could perfectly go short and buy futures before, all these years.

>I thought this was common knowledge by now?
Maybe for the same people who believe that you can't cash out Tether.

>> No.6994536
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6994536

>>6990448
>1 hour later

>> No.6994556

Low volume is almost always a bad sign. It is very unlikely to expect an upwards breakout on the very low volume we've been seeing for the past weeks. We might see further consolidation or further downwards movement, an upward breakout is highly unlikely.

>> No.6994594

>>6994536
People post these threads daily, you can ignore them.

>> No.6994624
File: 1.31 MB, 1001x1100, 1515631480468.png [View same] [iqdb] [saucenao] [google]
6994624

>>6991359
>thinking the world isn't full of legions of robin hood users with disposable income and too little technical knowledge to get into crypto without hand holding
>not knowing RH is about to provide an easy avenue to part a fool and his money

>> No.6994645

>>6994525
>You could perfectly go short and buy futures before, all these years.

You don't need to have the bitcoin beforehand to sell bitcoin, lol. Don't you know what margin trading is?

I can go on poloniex or exchange with margin trading and "borrow" any amount of BTC to sell.

Also, now it only becomes easier for them to do this. We are now at the bottom. If they were smart they would now go long, buy a shitton of btc at the current low price. They get money from the long because their purchase just pushed the price up. The market reverses, they get more money from their long AND from the BTC they hold. And at some point we will reach a peak, and they can use their btc to repeat the shorting cycle.

>> No.6994666
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6994666

>leave all your blockchain 2.0 and 3.0 coins for a blockchain 0.5 coin

>> No.6994685

Ignore the dumb TAfag, it's sideways for the weekend and start of the bull run on late monday.

And of course the trend of the flippening will continue.

>> No.6994730

>>6990797
Aren't alot of the freshly printed tether just money exchanges use to buy newly mined coins?

>> No.6994763

>>6994645
>You don't need to have the bitcoin beforehand to sell bitcoin, lol. Don't you know what margin trading is?
That at least implies they know how to use exchanges and are familiar with the crypto technology. Let alone that even the largest exchange might not have that much of a collateral. So, why would they wait for CME/CBOE futures if they could implement this "devious" plan before?

>> No.6994794

oh nooooooooooooooooooooooo bitcain iz faling wehre are all mu mani??? pliz send me ehterheym at 2p2A8j337fr0Mn3W0913an5

>> No.6994894

>>6993148
screencaped for the month to come, and 2019.
Stay poor faggot

>> No.6994941

If anything you might want to enter Verge. It's practically consistent with BTC/USD chart, so the more Verge you have the bigger the profit you'll turn when BTC moves up. And it will.

>> No.6995015
File: 87 KB, 1600x933, AmbrosusETH.jpg [View same] [iqdb] [saucenao] [google]
6995015

>>6990448

Fucking biz

"It's either going up or down"

Fucking chaos pursues in the thread

Tards

>> No.6995031

>>6994763
Lol, google "forex". This stuff has been going on for like 20 years at least. In the past it used to be for example "eur/usd", now it's "btc/usd". Forex, futures, margin/trading are all established standard tools that everyone has been using for decades.

These tricks have already existed long before crypto. Crypto markets are nothing new, it's just another currency market. They are much more prepared for this than us.

>> No.6995058

>>6995015
see
>>6994118

>> No.6995080

>>6994763
because the CME/CBOE futures finally offered them the liquidity to handle these kinds of massive shorts.

>> No.6995088
File: 1.03 MB, 540x299, breakdown.gif [View same] [iqdb] [saucenao] [google]
6995088

SELL SELL SELL

>> No.6995091

>>6991273
It also only works in hindsight

>> No.6995171

>>6995031
Crypto is not just "another" currency market, it's a totally different ecosystem with inherent risks not present in other markets, and to do something as simple as using a third-party exchange requires that you be part of this ecosystem. Those people who, you say, manipulate the bitcoin market, do they even know how to use a bitcoin wallet? Seriously. Because if they don't, I doubt they can manipulate anything at all other than publishing Warren Buffet-tier "analysis".

>> No.6995221

>>6991273
well yeah. still works as long as people rely on it, and you know you should'nt

>> No.6995247

>>6993109
no volume

>> No.6995256

>>6995171
You underestimate the financial sector. They hire the top finance and computerscience graduates. They hire people with PhDs. They entire departments dedicated to algorithmic trading of currencies and stocks.

And you think they can't work with a bitcoin wallet while every idiot here seems to have done it?

>> No.6995262
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6995262

>>6995091

nah it's pretty good

>> No.6995282

>>6995171
You fucking imbecile, it's their job to be updated and they're FAR smarter than you neckbeard virgin. They learn in one week more than you could in YEARS. Idiot.

>> No.6995308

BTC does not threaten real alts, just the shitty ones like LINK, FUN, etc

>> No.6995377

How long is the market going to be anchored to this piece of shit?

>> No.6995453

>>6994525
Wallstreet traders aren't dumbasses.
BTC isn't as hard as you think.
Easy way to launder/win money:
accum some btc
open short posish
buy advertising space, pro shitposters, leddit accounts, spam fud for a few days.
simultaneously, wash trade under market price
pay the fees.
watch the shitshow unfold.
sell your btc on the rebound

>> No.6995482

>>6995308
>FUN
>shitty alt

Ha

>> No.6995507

>>6995080
What's the volume on those futures? Is it even half sufficient?

>>6995256
Of course they do. But what you're talking about is not algo trading, but rather a hypothetical manipulation that someone's doing in private.

>>6995282
Those people are also extremely risk-averse, and the crypto scene is know for its security risks like stolen funds and collapsing exchanges. Now you're saying they became bitcoin whales overnight who'll put 10 million at stake in an attempt to crush the market that they don't even fully understand.

>> No.6995586
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6995586

>>6990448
>it will either go up or down

thanks TA!

>> No.6995589

>>6995453
>accum some btc
Let me rephrase it again: did they really wait for Wall Street futures to accumulate btc? Seriously? What stopped them from doing all that you listed years before, in that case?

>> No.6995644

>>6995507

Just saying, if they are experienced in algo-trading they logically also have a very deep understanding of the underlying market mechanics.

The fact that crypto is unregulated and so volatile only makes their dirty tricks works even better compared to regular forex.

When the government says they went to regulate crypto they're not only after your tax money. They also want to prevent this kind of obvious market manipulation to protect little shrimp like us.

>> No.6995736

>>6995644
I'd like to see the volume figures on those futures. I think I saw them not long ago and they were rather unimpressive. It's like the whole thing doesn't compute at all

Of course crypto is unregulated and volatile, but in order to manipulate something as big as BTC it requires much more than a sudden access to a new Wall Street terminal

>> No.6995749

>>6995589
anon answered already:
they didn't believe in it.
lacked liquidity. cboe,cme futures allowed the opening of leveraged short posish at high volume

altough if you look into it, you'll probably see a similar (but less dramatic) crash shortly after the opening of exchanges allowing margin trading (finex, bitmex).

>> No.6995830

>>6995736
i'd like to see that too.
wall street terminal gives an incentive to do it,
since it creates clean money.
let's see if the volume is enough to justify the expenses.
but if you look at it from a laundering point of view, it's not as hard to accomplish
clean money > dirty one

and media exposure is cheaper than you'd think

>> No.6995851

>>6995749
>cboe,cme futures allowed the opening of leveraged short posish at high volume
Is it really high, though? Compared with the insane amount necessary to crash BTC

>they didn't believe in it.
What does that mean, you say they did not believe in crypto? Yet they knew how the blockchain works and already accumulated a lot?

>> No.6995871

>>6995482
why buy gambling coin when you can gamble on coins?

>> No.6995899

>>6995871
>gamble while you gamble

Anon, pls

>> No.6995933

>>6995871
No seriously though if you think FUN is a shitcoin you need to get your fucking facts straight

>> No.6996019

>>6994216
Yup no need to do anything.

>> No.6996099

>>6995851
https://www.barchart.com/futures/bitcoin

That's at least 10k bitcoin.

Now look at the gdax orderbook. For about 1500 btc I can bring down the gdax BTC value down 10% INSTANTLY. And that's without counting the spotless that will be triggered on the way down. Nor the panic selling after.

And that's in today's bearish sentiment. If you did this during the fearful last 2 weeks, it would have worked much much better (and it did).

>> No.6996121

>>6995851
Blockchain isn't a magic secret, some of those guys are smart.
They did not in crypto as cryptoheads do,
some believe crypto is a way to free the people from the banks and the govt control.
some see it as a way to benefit from this belief.

if we want to do the research we need:

gdax (or other major exchanges) volume from 16 to 22 december
cme and cboe volumes before the first exp date.

don't know how to get this info, though.

>> No.6996133

>>6996099
*stoploss
*bullish

>> No.6996174

>>6996099
way ahead of me
trading view says 6000btc volume the first day of the crash, but maybe i'm reading it wrong.

https://www.tradingview.com/chart/pTSkqECD/

>> No.6996222

I hope everyone in here realizes bitcoin is literally never going sub-10k again

>> No.6996294

>>6996222
literally no way to know that.
we made a modest recovery with no significant volume.