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/biz/ - Business & Finance

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9657093 No.9657093 [Reply] [Original]

OH MY GOD

>> No.9657118
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9657118

>>9657093
W-why's it jumping up and down like that? Are we about to plummet?

>> No.9657155

>>9657118
time to hit 4k

>> No.9657537

>>9657155
do you realize that for it to hit 4k there needs to be people willing to sell at 4k? who in their right mind would sell at 4k if it's been basically double that on average for the whole last 6 months?

>> No.9657552
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9657552

>>9657537
Oh sweet summer child, today you gon' learn. Ah-huh, yes you is!

>> No.9657554

>>9657537
how about the jillions of chinese miners
how about it ranges between 4k - 5k forever?

>> No.9657580

>>9657118

that's bitfinex spasming as it ejaculates christmas candles deep within your ASSGUTS, draining its fat tether nuts of your hard-sucked NEETBUX

>> No.9657592

>>9657537
>>9657554
>how about the jillions of chinese miners
>how about it ranges between 4k - 5k forever?

Or everyone without a plan B that suddenly needs to pay their bills with non-internet cash?

>> No.9657595

>>9657554
it cost more than 6k to mine a bitcoin so miners will shut shop if that happens

>> No.9657614

>>9657537
You realise we had people buying at 9.8k a couple of weeks ago?

>> No.9657618

>>9657537
If BTC drops below 6k, it's pretty much guaranteed to crash another time to 3-4k. Maybe even 2k. In this case of course it's a good idea to sell 4k.

>> No.9657626

>>9657595
Like they aren't sitting on heaps they mined for cheap as fuck they'll be dumping for a long time to come

>> No.9657631

>>9657626
they probably sold the december peak

>> No.9657664

>>9657537
A lot of people would be willing to sell there, 4k was still the ATH last September or something, and it used to be much, much lower. Some whales bought back when it was worth cents. Yes, 4k is lower than it has recently been and "if they wait they could get more", but if the market is at a weak point and them dumping might make the whole thing crash and with all the panic sellers that follow enable them to buy back twice as many from the new floor, it's as if they doubled their money, and they have twice as much they can dump for the next round.

I don't expect it to go there any time soon since there are so many "influencers" who talk say to buy as soon as it triple bottoms, in the high 6000, which means people trying to be early will create resistance even before that and it might bounce back sooner than some expect, but nothing is impossible.Those who bought in 2009 or 2010 could have had a hundred BTC for $20, so trying to sell a bunch to crash the market is far less expensive to them than you might think.

>> No.9657896

>>9657118
bitmex liquidating some fags before the pump