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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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9990987 No.9990987 [Reply] [Original]

$6k watching party! All of Biz is invited!

>> No.9991007

WILL IT GO UP OR DOWN?? asking for a friend of a friend

>> No.9991086

>>9990987
Thanks for the invite.

>> No.9991100
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9991100

Reap in the shorts kek

>> No.9991118
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9991118

>>9990987
How's your trading going bobos? I made and absolute killing the last few weeks.

>> No.9991134

Where do you trade on margin? Bitfinex requires 10k before you can trade. Fuck that I'm too poor.

>> No.9991299

>>9991134
It's already quite late to start shorting, bitcoin will probably bottom out like in 2014-2015 bear market. I wouldn't recommend bitmex because you'll rekt yourself with too high leverage.

BOBO party guys :3
https://www.youtube.com/watch?v=rAnmLLRphqo

>> No.9991325
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9991325

I'm just waiting for omegamaker to come and say we're going down until I long.

>> No.9991341

>>9991299
Oh I like that the Bobo anthem

>> No.9991369

>>9990987

>> No.9991380
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9991380

>> No.9991385

>>9990987
YYYYYYYYEEEEEEEEEEEEEEEAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.9991389
File: 993 KB, 500x380, bear party.gif [View same] [iqdb] [saucenao] [google]
9991389

>>9990987
Bear party day.

>> No.9991407

I'll have you faggots know this shit is not funny. I've lost 80% of my life savings and you little fuckers are celebrating it dropping even more? WELL FUCK YOU

>> No.9991422

The battle at 6K on gdax is fucking intense

>> No.9991441

>>9991407
nice pink ID you are cursed

>> No.9991472

I love you all!!!

>> No.9991473

>>9991441
Oh yeah real fucking funny with your Gumby ID fag boy.

>> No.9991476
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9991476

>>9991407
I forgot to buy crypto in the first place.

>> No.9991483

Holy shit. I think I gotta search a new job, not trader.

>> No.9991501

>>9990987
Any indication of what's causing this? Did the Mt Gox trustee shit the bed again?

>> No.9991556

>>9991501
Somebody wants to buy bitcoin or see it dead.

>> No.9991601

>>9991473
lol, u are really hurt rn. green IDs will make it

>> No.9991623
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9991623

>>9991407
We're not the ones pulling the strings, just some bear celebrations that someone decided to give us something.

>> No.9991626

>>9991501
Long-term downtrend. There need not be any "cause" in a purely speculative asset.

>> No.9991643

Let's fucking gooooooooooooo !!!!

>> No.9991679

>>9991501
Quite the opposite, actually. The news just broke today that it's going to undergo Civil Rehabilitation, so no more dumping stupid amounts of coins on the market

>> No.9991686
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9991686

I'm already prepping for the 5k watching party

>> No.9991701

You know what the best part is? All you bear fags who are about to get ROYALLY fucking REKT tomorrow.

It's gon be great.

>> No.9991704

>>9991501
https://www.coindesk.com/crypto-bitfinex-chief-strategy-officer-leaves-exchange/

Bitfinex probably fucked up Tether. This is the big one

>> No.9991725
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9991725

>>9990987
FUCK OFF BOBO FAGS

>> No.9991735

>>9991679
Instead, the coins will be distributed to the owners, who'll dump them (not all will dump them but a large percentage).

>> No.9991776

>>9991735
WRONG

Stop spreading this FUD. The original coin holders will be compensated the amount the coins were worth at the time Gox went under (roughly $400/coin).

>> No.9991831
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9991831

>>9991407

>> No.9991840

>>9991776
It doesn't matter either way you fucking retard. Either the jap government dumps them or the previous holders dump them.

They're not just gonna let 100,000,000$ sit around for shits and giggles

>> No.9991861
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9991861

>>9991473
>>9991407
THANKS FOR THE MONEY HAHAHAHAHAHAHAAHAHAHAHAHA

>> No.9991875

>>9990987
LETS INVADE BITMEX TROLLBOX!

TYPE /BIZ/ IN TROLLBOX!

>> No.9991884

>>9991626
I understand that, but usually when there's a 10% drop this quickly, it's usually from some event, like a big hacking, Mt Gox coins hitting the market, or bad news from government/big business.

>> No.9991915

>>9991884
A lot of people finally broke. Saw a few million dollar buy walls go down in under a minute. Good news desu

>> No.9991963

>>9991840
You have no business calling anyone else a "retard" if you don't understand that this actually does matter. The problem wasn't necessarily that the coins were being sold, the problem was the large amount of coins that were getting dumped onto the market at the same time. The reason for that is that the coins needed to be liquidated to pay creditors. By undergoing a civil rehabilitation program, they will be able to disperse of the remainder of the coins at a smarter, more manageable pace rather than dumping large quantities for quick cash to pay debts. If they're smart (and it's in their interest to be smart here), they can sell the coins at a manageable rate that doesn't crash the price.

Retard.

>> No.9991981

Made 0.1 BTC shorting from 6600, closed at 6200. Could have held but still satisfied.
Now we wait boyos!

>> No.9992001
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9992001

Making a killing shorting these past couple weeks, we're gonna make it bearbros.

>> No.9992002
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9992002

Just dumped another 2k corns in celebration

>> No.9992057

*gets comfy*
the weekend will end and BTC will be >$6k mark my words

>> No.9992070

I want to punch that bear, fuck you.

>> No.9992096

>>9991963
this retard literally thinks governments speculate with seized assets over decades.
Like every other time they seize assets, right?

>> No.9992115

>>9992001
NOW THAT'S THE KIND OF BEAR I'M TALKING ABOUT
https://www.youtube.com/watch?v=uAJv5VHr5yQ

>> No.9992140

>>9991679
Did it? That's hugeI know the trustee said they were considering it. It still means those coins will hit the market eventually, but not until 2019. And, the bulk of them still goes to Karpeles, as his parent company that owns Mt Gox gets them.

So it's something else, then...

>> No.9992162

>>9991704
Yep, that'll do it.

>> No.9992185

>>9991776
It's not FUD, retard. The Trustee has said they will pay out bitcoin to creditors, not cash. No more market dumps. From him, anyway. So you can stop shit-talking him, he's done you all a favor you can never pay back.

>> No.9992200

>>9992162
>>9991704
How many of the top 20 exchanges rely on tether being 1.00$?

>> No.9992206

>>9991407
>he actually thought people on /biz/ bought into crypto
oh anon... i

>> No.9992234

>>9991963
They're not going to sell, at all. Do you even understand what the trustee is saying?

Claims to Mt. Gox, and that includes account holders, will be paid in Bitcoin. If you held 10 bitcoin when it shit the bed, and file a claim, and can prove you had 10 bitcoin, you will get 10 bitcoin, regardless of market price.

This is literally the best outcome for all involved.

You should really understand what's going on, before lecturing others for not understanding what's going on. You're completely wrong.

>> No.9992258

Can't you guys just leave me alone at this point? I'm sorry I'm depressed and just needed to vent. It's bad enough without you guys adding salt to the wound every few mins.

>> No.9992279

>>9992258
then dont post here you broke bitch

>> No.9992320
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9992320

>>9991407
Thanks for funding the discount sale bro :)

>> No.9992335

>>9991407
>>9991441
>>9991473
>MI/GdX
>MtGoX
double-cursed

>> No.9992352
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9992352

>>9991407
lol

>> No.9992449

I just took a look at the Bitmex retardbox. It never fails. "19K soon!" Another complete fucking retard is mooing about how the Mt Gox coins are already back on the market.

I swear, it's hard to be mad at Bitmex, they found a perfect market of complete fucking waterheads, and legally take their lunch money away from them.

>> No.9992685
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9992685

>>9991963
governments panic sells just as well as biz

>> No.9992724

>buying ANY coin over a dollar
Top lol

>> No.9992734

>>9992352
nigger-tier fragrances

>> No.9992738

>>9992449
How stupid could somebody be to use mt goy again let alone leave btc on an exchange

>> No.9992762

>>9992685
>a crucial point of support
THE NEXT FIVE MINUTES

>> No.9992976
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9992976

>>9992762
the bottom is unironically 3-4k

>> No.9993000

no it isn't

>> No.9993321

>>9992200
Most of them. Even binance. If tether falls everything falls.

>> No.9993338
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9993338

i got a great feelin about this

>> No.9993367
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9993367

>>9990987

>> No.9993449

>>9992258
Still a long term bull bro just start considering how to buy in the next years and whatever you bought high will matter less. If you want to keep buying.

>> No.9993484

>>9993321
Yeah. Both that and the residual 100k BTC from gox are things that can unironically send bitcoin into the hundreds again if it goes bad.

>> No.9993584

>>9993484
There is no good resolution for Mtgox. They now changed it so they will give BTC but that means people will just sell as soon as they can. Giving USD will have the same outcome.

>> No.9993627

>>9993584
I like how everyone is mad that people are getting their money back though.
Like it's sustainable to build BTC price on scamming people and taking their coins out of circulation

>> No.9993788

>>9993627
>commodity