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/biz/ - Business & Finance


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8121060 No.8121060 [Reply] [Original]

>"bitcoin is so manipulated!"

>200 billion dollar marketcap is very easy to manipulated
>Just like Visa or Mastercard is manipulated with their 200B market value.

The absolute state of /biz/.

>> No.8121111

Typical case of a brainlet thinking he's smart.
Kys.

>> No.8121153
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8121153

>>8121111
>Typical case of a brainlet thinking he's smart.
>Kys.

>> No.8121154

>>8121060
>>Just like Visa or Mastercard is manipulated with their 200B market value.

200 billion market cap that has been built up with 4 billion USD, out of which half is pajeet tier fake money that has been pumped to the market out of non existence.
>Market cap

>> No.8121250
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8121250

>>8121154
>200 billion market cap that has been built up with 4 billion USD

>he doesn't understand exchange or trade
>he doesn't understand econmics
>all he does is look at charts and pretends to know them

>> No.8121262

>>8121060
>Visa is not a fucking asset
>Visa actually has value because its a fucking company that handles 10 trillion USD payments annually
>Visa handles 65,000 transactions per second
>Bitcoin struggles at 5
>Basically 1% of BTC transactions is actually used to buy stuff

>> No.8121293

>>8121250
you don't get economics.

>> No.8121322

>>8121153
>le I don't have a response so I'll just greentext what you said and post a brainlet wojak

>> No.8121323
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8121323

>>8121293
>no u

>> No.8121326

>>8121250
>he doesn't understand econmics
<Compares the market cap of a publicly exchanged company with 20 billion annual net income to an imaginary asset that is not used in actual consumer transactions yet.

>> No.8121375
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8121375

>>8121262
>Bitcoin struggles at 5
>implying BTC didn't have resistance at 6k


>>8121322
>implying he had an argument

>> No.8121399

>>8121375
He was right, you're a stupid faggot and should kys

>> No.8121413
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8121413

>>8121060
>Thinking crypto mcaps aren't unicorn farts
If you have a sack of rice and a friend buys a grain off you for $10, are you now a millionaire?
The entire amout of fiat in crypto is estimated around 10BN.

>> No.8121427

>>8121250
holy fuck this has to be a troll
no one can be this stupid

>> No.8121433
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8121433

>>8121326
> <
>Implying blockchain isn't the next step to currency
>Implying btc isn't the first step for normies
>Implying soon stocks aren't traded with crypto
>Implying this "imaginary" asset doesn't have actual coding
>implying this "imaginary" asset isn't backed by the black market
>implying crypto isn't the future

>> No.8121483
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8121483

>>8121413
>If you have a sack of rice and a friend buys a grain off you for $10, are you now a millionaire?

>Implying you're not assuming the market price of it isn't $10 per grain
>implying I am not a millionaire if it is a fair market value
>Implying you aren't a cuck

>> No.8121841
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8121841

>>8121060
>I believe the market cap = money in the system

>> No.8121889

>>8121483
This is now a CHAINLINK AMB FUN brap thread

>> No.8122355
File: 3.57 MB, 857x613, ETH Flash Crash.gif [View same] [iqdb] [saucenao] [google]
8122355

>>8121060
>thinks that you need 200 billion dollars to manipulate a 200 billion dollar market
>doesn't know that just a single market sell order caused ETH to crash from 300 dollars to 10 cents in 2 seconds last summer

I want all newfags to leave and for OP to kill himself

>> No.8122365
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8122365

>>8121060

>> No.8122376
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8122376

>>8121060
Pajeet make 100,000,000,000 coins. Pajeet sell 1 coin for $1 to hes brother Pansun Now we have $100,000,000,000 capitalisation. WOW!!!

>> No.8122465

OP is probably the dumbest BTC bull I've seen on /biz/ in a while

so glad he's getting btfo, maybe /biz/ can be saved after all

>> No.8122485

>>8122355
Holy shit. This makes me want to place ridiculous buy orders on everything.

>> No.8122526
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8122526

>>8122355
>a single market sell order
>worth multi-millions on GDAX
>GDAX crashes out of all the other market still substains.
topkek

Ummmmmmmmm makers u thank... uggghh..

>> No.8122551

>>8121250
Are you actually this dumb?

>> No.8122563
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8122563

>>8122526
>substains
it's dumber than we initially thought

>> No.8122571

What do you think OP's IQ is?

I will have to say 95

>> No.8122615
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8122615

>>8122376
>thousands of trades per hour
>is same as 1 trade

Uugggugggghhhhhhhhhhh

>> No.8122629

>>8122526
Wtf are you even implying? It seems you're helping me prove that manipulation exists. Yes it was a multi million dollar order. That's not 200 billion. The fact that it was just gdax means that it was localized manipulation.

>> No.8122633

>>8122615
You don't even understand that 90% of those "thousands of trades per hour" are bots.

>> No.8122659
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8122659

>>8122563
>He also thinks that glitch was market manipulation

aaghhhauuuuggh

>> No.8122675

>>8122615
>implying FOREX whales don't move 40+ billion dollars at a time.

>> No.8122681
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8122681

>>8122659
So let me get this straight, you don't think any crypto markets at all are manipulated?

>> No.8122692
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8122692

>>8122633
>bot battling each other is market manipulation

brrrrrrrrrrrrrrrrrrrrrrrrrrrrppppppttttt

>> No.8122741

>>8122659
>glitch
>thinks it was a happy little accident that caused the price to drop to 10 cents
>doesn't understand how market orders work
>doesn't understand how stop losses work
>doesn't understand margin calls
>can't read a fucking order book

I am so glad that retards like you are in this market. Makes it so much easier to take your money when you're this ignorant.

>> No.8122752
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8122752

>>8122681
>He thinks everything is manipulated by shadowy figures all the time every day, every hour, every minute and every second

RAAAAAAAAAAGGggga.......assss ss ppiit

>> No.8122755

>>8122692
Please answer >>8122681 my friend.

>> No.8122906
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8122906

>>8122741
>I am so glad that retards like you are in this market. Makes it so much easier to take your money when you're this ignorant.

ops.