Coinbase which handles 40% of all crypto trades crashes at the peak

[Anonymous No.24300286]

everyone starts cashing out scared that they will be locked without being able to close their cryptos, did the single-handedly fucked up the entire bullrun?

[Anonymous No.24300406]

>>24300286
It's all rigged. This market is completely manipulated. The drumpf news coming out, Coinberg website failing again after the XRP disaster, Compound losng 100 million bucks... A lot of hand-rubbing shmuels are making big money right now.

[Anonymous No.24300410]

Nobody can be a couple of feet from flowing lava anon.

[Anonymous No.24300421]

>>24300286
> Coinbase crashes as it stabilises near peak
> People proceed to dump
> Coinbase decides 'fuck you' and steals crypto
> Coinbase gets called out on this and proceeds to slowly give people back the crypto they lost
> People no longer trust Coinbase and sell
> Coinbase updates its news with reports of the dump, causing more people to sell
> Coinbase goes down again scaring more people as the dump continues

It really is Coinbase just ruining everything for everyone.

[Anonymous No.24300647]

>>24300421
The clear warning sign that something was fishy was when XRP abruptly changed price from 91 cents to 64 cents. At the time, /biz/ brushed it off because "lolschizos".
Why is Coinbase getting rid of leverage out of the blue? Why is the rumour about the KYC shit coming out now? Why is Coinbase the only exchange mysteriously "crashing" and not honouring limit orders?
There is something seriously fishy going on

[Anonymous No.24300724]

>>24300647
The clearest warning sign was the XRP pump, that shit is the biggest idiot trap ponzi out there.

[Anonymous No.24300744]

>>24300647
and XLM pumping out of nowhere after 3 years

[Anonymous No.24300749]

>>24300286
>btc runs up faster than expected
>get caught by leveraged longs...cant cover
>release news saying "Coinbase is ending leveraged trading on Bitcoin"
>still doesn't work, pushes up higher
>start shutting down website when longs bought
>still doesn't work, pushes up higher
>must drop price to cover
>getting desperate
>wat do?

[Anonymous No.24300816]

>>24300286
So glad I don't use Coinberg

[Anonymous No.24301099]

>>24300286
>decentralized currency
>a single exchange is capable of price manipulation to this extent
yup it's time to go back to 2013

[Anonymous No.24301834]

>>24301099
checked

[Anonymous No.24301878]

>>24300406
How are they making money off this? Why are all their fucking schemes so complicated?

[Anonymous No.24302044]

>>24300421
The same thing happened in 2017. When will cryptofags learn.

[Anonymous No.24302107]

>>24301878
They oversell crypto that doesn't exist at inflated fiat prices, and then they buy it back at greatly reduced fiat prices after causing a crash, pocketing the difference in fiat.
It's the same scheme that they're been doing ever since at least the Middle Ages with the invention of the fractional reserve banking scam, but now with shiny magic Internet money.

[Anonymous No.24302137]

>>24300286

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)

[Anonymous No.24302169]

>>24302137

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

[Anonymous No.24302175]

>>24300749
I honestly wonder if they felt this rally was getting too heated... They have big money in this too.... Isn't their IPO soon? Maybe they feel that if they can cause a dip before the IPO, the market will recover and look very bullish because of the back test and bounce.

[Anonymous No.24302199]

>>24302169

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

[Anonymous No.24302645]

>>24300410
Well not for long anyway.