/biz/ - Business & Finance

[Anonymous No.9066452]

Just opened up a x15 short. This garbage is going to dump. Fucking hallarious at you retards thinking this is organic growth.

125,000 contracts
Liquidation price 9355

Sell before its too late idiots

[Anonymous No.9066484]

>>9066452
post proof larper

[Anonymous No.9066535]

>>9066452

>just opened a short at 6900 prepare to get rekt
>just opened a short at 7770 prepare to get rekt
>just opened a short at 8200 prepare to get rekt
>just opened a short at 8950 prepare to get rekt

Yeah how about you unironically go fuck yourself straight to hell and back

[Anonymous No.9066537]

>>9066452
> muh organic
> muh manipulation
dont forget to post this on facebook so Stacy can join you

[Anonymous No.9066575]

>>9066452
Y U do this?
Bad, for Bitcoins, bad you bad.

[Anonymous No.9066600]

>>9066452
They never listen during the bull hit of serotonin. Pink wojacks soon.

[Anonymous No.9066608]

>>9066452
Stay salty cashies

[Anonymous No.9066652]

>>9066452
>organic growth
>bitcoin

It’s never been “organic” anon, why would you think that?

[Anonymous No.9066676]

Shorting the bottom is equivalent to buying high.

And no, this isn't organic growth, and the volume isn't there too. It is the start of a bullrun nevertheless, because the general organic growth/high volume bull market doesn't apply 1:1 to the _start_ of a bull market.
The reason here is mostly extremely low liquidity because the market flatlined over 3 months now, and regarding the organic growth, do you remember when XRP jumped from 0,01 USD to 0,02? No? It was a 100% jump back then. But it completely vanishes when compared to the current price levels.

[Anonymous No.9066732]

>>9066676
So it's based on the liquidation of gambling fags? I see the btc price pumping for an incoming alt season.

[Anonymous No.9066733]

>>9066452
Show proof now or larp.

[Anonymous No.9066921]

>>9066452

I'm eating a taste Big Mac from McDonalds, while watching it all unfold.

[Anonymous No.9066956]

>>9066921
Hi Sergey.

[Anonymous No.9066983]

>>9066732
Mostly, yes.
There are 2 big camps of people: Holders and swing traders. The first group has their BTC in cold storage, they don't participate in the market at all.
The second group sold the top somewhere between 10-20K. They are waiting on the sidelines in FIAT/Tether.
Everybody else, newfags, December buyers etc. panic sold their shit by now, or they converted to hard handed holders. If you held 3 months and watched it bleed, you won't ever sell. These people would hold it to the ground, they can't cope with taking the loss and selling it now.

So, how is left in this market? Exactly, gamblers, day traders, bots. And some whales playing Bart with the gamblers.
And the margin gamblers, like OP here, are what cause the big spikes, they trade emotionally, they had to watch it bleed for 3 months, and now they want to see it bleed more, now it has to stay this way.
And the market will react seemingly irrational, it will go sideways with occasional green spikes. Those spikes are dying shorters, and partially whales that initiate the liquidations cascades.

[Anonymous No.9067018]

>>9066452
BROKE THE 9k!

[Anonymous No.9067147]

>>9066676
This is not a bull run start. This is a short-term bullish reversal. We spent way too much time wiping our ass in the high 6ks, and the pent-up bullish energy of all crypto investors was unleashed by a massive short squeeze. EVERYONE has been "short term bearish, long term bullish" since the top. People aren't disillusioned yet.
Therefore, this run still has steam in it. It will break 10k at least, likely getting to 11k. But the odds that we pass the double top we established on the way down are extremely low.
We will make another death cross. That death cross is your sell signal if you're too stupid to catch the top of the most obvious bulltrap ever. We will then bleed for MONTHS and go lower than 6k, straight into the pits of hell and dark wojak territory. Absolute fucking death for shitty alts.
Screencap this and post it 8 months from now when I'm proven right.

[Anonymous No.9067182]

>>9066983
Nice write up anon. I agree with everything you stated. My guess is we will be lucky to test 800bil market again in 2019. None of this shit is ready to go and the purging hasn't even started. When peices of shits like dentist coin go away, I'll expect a very nice retirement.

[Anonymous No.9067262]

>>9067147

Agreed.

[Anonymous No.9067532]

>>9067147
Regarding BTC I mostly agree.
A bounce from the 200 day MA and/or the double top you mention seems very likely.
I disagree on going lower than 6k, it is possible, but unlikely in my opinion.
But months of BTC sideways action between 6-10K, yes, I see that as well.
But overall the crypto currency bubble hasn't popped yet, I don't see a despair phase comming. I think alts will do good in the next weeks, and Bitcoins influence will decrease further and further. There are so many FIAT pairings with alts already, and more to come, that the next generation of ATH buyers will completely forgo Bitcoin, and ETH will be the primarily used coin to transfer between exchanges (I do so myself since around summer last year, if available).
Counting and increasing your Satoshis is losing relevance further and further.
That doesn't mean that Bitcoin is down with, it is and always will be the OG of crypto, but it will lose its relevance as entry drug.

[Anonymous No.9068103]

>>9067532
Yep. I think you nail it to some extent.
However, I think ETH is a lot riskier than people realize - Parity and the DAO are the norm, not the exception. Some even more major smart contract fuckups are yet to happen, and when they do, the market will punish ETH accordingly.
BTC will be the stable safe haven forever - not by design, but because Core devs are pussies who are deathly afraid of hardforking.

[Anonymous No.9068115]

>>9066452
you're going to get BARTed

[Anonymous No.9068329]

>>9068103
Agree on the risk involing Ether's price and the longterm stability of BTC.
What I ment is that Ether is and will be the most used crypto in the original sense of using it as technology, despite its inherent problems with turing complete smart contracts.
Metamask, all the ETH games and the micro payments involved with are broadly used, even though Ether wasn't ment for micro payments.
If you think about it, all other altcoins focusing on micro payments (IOTA partially, Nano and a gazillion other shitcoins) don't come even close, which is funny because Ether has a much broader use case.
So, ignoring price, just technology wise Ether is miles ahead, and having good accessibility via Metamask and MEW helps immensely.

[Anonymous No.9068677]

[Anonymous No.9069501]

>>9066983
>>9067147
>this is a sucker's rally

[Anonymous No.9069560]

>>9066452
I wish you the best...

[Anonymous No.9069589]

>>9066652
Was coming to post this.

[Anonymous No.9069696]

>>9068103
>>9067532
Nice to see some people on here who understand market psychology. I'm heading out so I don't have time to share my opinions, but thank you for sharing yours.

[Anonymous No.9069764]

Eh, I think you could still be liquidated. What indicator are you using?

[Anonymous No.9069998]

>>9069501
It's definitely not a sucker's rally. It's an upward correction in a bear market. Great place to make easy long money.
Key is to keep your stops tight. In the event that it is just a test of the new top of the downtrend channel, a tight stop will save you some $ when it turns. In the event that it isn't (and we're repeating the "double bubble" of 2013-14), a tight stop won't assfuck you because we're blasting off. Keep your stop 2 Barts below the market action and you should be immune to the pullbacks too.

[Anonymous No.9070527]

>>9066452
>He thinks BTC is going down
>Trade all the BCH that was artifically pumped for the upcoming fork into BTC