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/biz/ - Business & Finance

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8216494 No.8216494 [Reply] [Original]

Brainfags pls answer. There were two BIG BTC dumps in the last two days, on the 7th and the 8th, one was the Gox news, what was the other one?

>> No.8216510

the 8th was people reacting to the long term implications of the Goxing

>> No.8216515

>>8216494
whales capitalizing on the chaos generated by that news to buy power and increase their stack after panic sells

>> No.8216544

>>8216515
buy *lower

>> No.8216548

were at nearly the same time or was it right on?

>> No.8216561

>>8216515
Whales profit regardless of the market direction, brainlet. They will still profit even if the whole thing goes back to 1k

>> No.8216568 [DELETED] 

>>8216515
this

expecting a pump soon

>> No.8216617

>>8216494
The second one is called market manipulation and it's how whales make their money.

>> No.8216718

SEC scaring noobs.

>> No.8216804

>>8216515
Whales cashed out full in December retards, they are fucking whores and crashing lambos right now. While you hold the bag and keep shilling that shit, have some self respect.

Nobody is buying dinocoin never again.

>> No.8216850

Threadly reminder Mt. Gox has only sold 400 million thus far and has another 1.9 billion to liquidate.

If you buy and drive the price back up, you are giving money to the Mt. Gox liquidators.

You are retarded if you haven't sold already.

>> No.8216872
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8216872

>>8216561
it seems reading comprehension isn't your forte
>>8216804
>pic related