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/biz/ - Business & Finance

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File: 243 KB, 1125x843, 955051A4-4ACA-4D73-A76D-D770D9774A85.jpg [View same] [iqdb] [saucenao] [google]
7610485 No.7610485 [Reply] [Original]

The problem with bitcoin is that only 15 billion dollars actually went into coins, to support a market cap of ~500 billion.

Who are those 15 billion? People like you and me who at the end of the day just want to cash out and buy their lambo.

Problem is there aren’t enough buyers anymore. The illusion that bitcoin only goes up has died. As a result, the holders are slowly selling out, trying to gradually collect their profit without moving the market too much. This will continue until 3k-4K.

Pic related, typical bitcoin order book. Note that the sellers are much larger than the buyers. This was last night and bitcoin has dropped 300 dollars since then.

>> No.7610522
File: 48 KB, 800x729, 8nRqoXW.png [View same] [iqdb] [saucenao] [google]
7610522

>>7610485
*takes a screenshot one order book from a margin trading website where you buy btc WITH BTC*

dis why crypto is gon go down

>> No.7610528
File: 50 KB, 346x768, book.png [View same] [iqdb] [saucenao] [google]
7610528

>XBT is BTC
Here's a real bitcoin order book for you brainlet, pic related. Notice anything different?

>> No.7610543

And another one
6k bottom seller on the list
Crypto is just getting started baby
Watch institutional money power in the next 3 years
Yours and ours retail money will look like a joke

>> No.7610549

>Bitmex orderbook
>obvious misunderstanding of marketcap

Weak b8

>> No.7610572

>>7610485
Last I read, there were some $2 trillion USD in the world, but the total net worth of Americans is $50 trillion. What's your point?

>> No.7610573

op is a 6ker and can't cope lol

>> No.7610580

>>7610485
Problem with biz is everyone knows its a bubble but theyre greedy.

>> No.7610582

>BTC is dead
absolutely
>crypto is dead
no

>> No.7610606

>>7610572
Wrong and Retarded

>> No.7610608

>>7610582
I never said crypto was dead. My plan after my short of bitcoin makes me money is to cash out most, and put 20-30% into a better coin.

>> No.7610619

what a fucking retard

you literally used a pic from a margin trading site

....