/biz/ - Business & Finance

>>29897740
>a bubble? lmao bitcoin has been bubble after bubble after bubble after bubble...

Yes, an asset jumping $10K+ in the space of a few days is not organic growth. Especially considering its incapable of being used as it was intended i.e. "P2P electronic cash."

Don't worry, bubbles can last for years. But they always burst in the end.

>>29498200
>Also this might be the reason for the BTC crash.

This article should be essential reading for everybody in crypto:

>The Bit Short: Inside Crypto’s Doomsday Machine

"This is the story of a Bitcoin trade — the most financially impactful trade I’ve ever made in my life. It’s also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to make that trade. And it’s the story of what’s really going on in crypto — and what we should do about it.

If you own meaningful amounts of cryptocurrency or you’re considering buying some, you’re the reason I wrote this. Please do read to the end."

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

>>29307513
>Is there any halfway definitive explanation for why this coin's BTC ratio is so in the fucking dumps? Why it doesn't pump with the rest of the market?

Its not a shitcoin so it doesn't pump like one.