/biz/ - Business & Finance

[Anonymous No.8614598]

Is this legit?

https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

[Anonymous No.8614614]

>>8614598
They are working with TETHER

[Anonymous No.8614694]

> Most of the Crypto community does not even believe Cartel exists or there is any kind of coordinated attack going on at Bitcoin. At the most they think it’s Whale or manipulators. They consider everything as “Coincidence”, and that is because it follows Technical Analysis (TA). Of course it will follow TA. The Cartel is investing trillions of dollars behind such efforts, do you think they don’t have highly paid chartists on their payroll? They pay $700 pa for their chartists. How may on Twitter-Bull have that income level?

Absolute retard. Let's leave something clear right now. Even if everything there was correct, even if whales are colluding with media and manipulators and the Pope, every time you me or him lose capital it's our own damn fault.

> Less of HODL, Less of BTFD
> STFR—Sell the F** Rallies
> BTFDD—Buy the F** “DEEP” Dips.
> “DEEP” is extremely important word here. The DIP must be so DEEP (or bad) that everyone must have given up by this time. Buy ONLY that time.
I understand: Trading is difficult. If you cannot handle anxiety, then just Buy DIPS and HODL.
This is decent advice and the only part worth anybody's time.

[Anonymous No.8614715]

>>8614598
i read this but fuck its a WORLD market not EVERYONE wants to keep the price down FOREVER

[Sadst No.8614850]

better than what happened to uranium
>BRO FUTURES LMAO

[Anonymous No.8614880]

>>8614694
>even if whales are colluding with media and manipulators and the Pope, every time you me or him lose capital it's our own damn fault.
Are you even reading what you write

[Anonymous No.8614884]

>>8614598
Yes futures did come out near the peak. No futures didn't cause what happened afterward.

[Anonymous No.8614893]

>>8614850
That isnt a very reassuring chart!

[Anonymous No.8614976]

>>8614598

You folks need to understand that in your rush to have unregulated crypto markets, you have left out one of the major benefits of regulated markets: the market maker.

In legitimate markets, the market maker acts as a universal supply/demand. They agree to always buy and always sell. Because they exist, prices are allowed to move up and down following a normal demand curve.

Without market makers, you can wind up with too thinly traded books, which results in fucked up price swings.

Even worse... lacking regulation, people are stepping in to act as artificial market makers, only they're doing it without the benefit (to investors) of regulations.

So think of it this way... in a normal market the market makers have a (nearly) unlimited supply of cash, so they can keep markets moving by never allowing supply or demand to try up.

Now take these same people, and put them into the unregulated crypto market. What happens? Well, they can chose to cut off supply or demand or both whenever they want.

And because they have the overwhelming cash advantage, they can move prices up or down whenever and wherever they want.

This leaves the normal small investor as nothing more than a plaything. When you invest in crypto, you are just hoping to fall on the same side of the trade as those who so easily manipulate the market.

[Anonymous No.8614985]

>>8614884
I get that correlation doesn't necessarily equal causation, but could it not end up being controlled similarly to gold?

[Anonymous No.8615000]

[Anonymous No.8615015]

>>8614976
well there are other forces in crypto right now, why would a mining industry accept such a low price forever?

[Anonymous No.8615035]

>>8615015

What choice do they really have? They've sunk money into their expensive rigs. What are they going to do, shut down?

No, instead it will be like Ayn Rand said one time... where one people fought over control of a factory, eventually they will fight over a loaf of bread.

[Anonymous No.8615068]

>>8615000

This wasn't because they wanted to promote bitcoin, it's because they wanted the ability to short bitcoin in a regulated market.

[Anonymous No.8615218]

>>8614880
It really doesn't matter at all. If fighting this enemy makes you protect your capital that's a good result, it doesn't make it a real enemy. If the media was saying that buying BTC at $100 was stupid because they were being deceitful or because they didn't know what they were talking about, it was still a great opportunity to buy. You can decide on what side of a trade you want to be, that's all the power you have and if you don't like how the market behaves you can leave at any point, maybe come back when you decide it's behaving how you prefer if it ever does. We can blame these guys, we can blame luck or destiny, but these are our decisions.

[Anonymous No.8615243]

>>8614598
>Is this legit?

Probably

[Anonymous No.8615301]

>>8614884
lol you are a brainlet, the fuckin bankers said it themselves they are going to "tame" bitcoin.

They cant buy in without proper framework and regulation, so they dump it by using derivatives like fucking magician, do board room exchanges with whales for coins, market it again through MSM to pump it.

Goldman fuckin sachs bought Poloniex for 400MM in this bear market.

[Anonymous No.8615320]

>>8615301
you mean you think it is gonna go back up again?

[Anonymous No.8615423]

>>8615320
yes I do,

financial institutions like to blow a lot more air into a bubble before they pop it, they haven't started blowing us yet because they are getting their positions placed before they invest millions of of clients retirement funds.

then I exit scam, except link ;)

someone dispute this i'd love to hear it