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/biz/ - Business & Finance

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29554859 No.29554859 [Reply] [Original]

>entire market goes down by 25-30%
>next day it all goes up 25-30% like nothing happened
extremely sus.
can /biz/ experts explain?

>> No.29554881

>>29554859
https://www.cnbc.com/2021/02/23/square-buys-170-million-worth-of-bitcoin.html

>> No.29554951

>>29554859
Literally happens all the time in crypto
kys

>> No.29554980

two words:

bull
trap

>> No.29555124
File: 99 KB, 259x259, 670.png [View same] [iqdb] [saucenao] [google]
29555124

>good news from tether and twitter would have been too much if released at $58k
>((they)) knew beforehand; something had to be done
>Kikes / f2pool alliance to the rescue. you fud here, I short dump there
>now we can safely continue, with some extra btc from weak-handed fools

>> No.29555166

>>29554859
Why are there so many fuckin newfags on my board

>> No.29555182

>>29554980
Retard

>> No.29555251

>>29554951
when's the last time it happened bro

>> No.29555292

coordinated attack from globohomo
media tried to fud

>> No.29555315

>>29554859
it's all a meme

>> No.29555345

>>29554859
Welcome to crypto. Even in a bullmarket 30% swings are normal and expected.

If you ever wondered "why didn't people in 2017 just sell when it started crashing?", this is why. You won't know if it's the real and final dump until you're down 60%. Selling at every small correction, why is going to happen often, is going to cost you a lot of money so that also doesn't make sense.

>> No.29555374

Not suspect at all. This is what 24 hour trading and comparatively thin order books get you, ride juicy volatility rollercoaster

>> No.29555410

>>29554859

Long squeeze. People leveraged long get rekt, people shorting get paid, order book consolidates, life goes on.

>> No.29555419

>>29554859
Margin traders get shaken out like the gambling fags they are
People with actual money buy the dip and the market comes back stronger
Repeat ad infinitum

>> No.29555423

>>29555251
literally a month ago newfag

>> No.29555449
File: 41 KB, 444x143, file.png [View same] [iqdb] [saucenao] [google]
29555449

>>29554859
>only 30%

>> No.29555456

>>29554859
>>29554076
>be me 1 month ago
>ETH dumps 20% in one day from 1200 to 1000
>scared shitless and panic sell huge red candle
>it recovers back in 2 days and buy back at 1200
lesson learned, you don't sell red dildos
>be me now
>ETH dumps from 2000 to 1400
>don't sell, buy 2 more at discount
>already 10% up from before the crash
more balls = more profit

>> No.29555622
File: 144 KB, 720x482, 1614152582572 (1).png [View same] [iqdb] [saucenao] [google]
29555622

>>29554859
show me on this graph where you think we are at?

>> No.29555730

Well some people sold.
But then other people they bought.

>> No.29555802
File: 1.13 MB, 1147x1080, file.png [View same] [iqdb] [saucenao] [google]
29555802

>>29555251
As others mentioned, literally a month ago, but in pic related you also see some examples from the 2017 bullrun.

>> No.29555816
File: 33 KB, 657x527, 1613642234357.jpg [View same] [iqdb] [saucenao] [google]
29555816

>>29555345
>You won't know if it's the real and final dump

what if crypto is here to stay and there won't be a big final dump? what if it just... stays up? like the stock market? I'm not talking about exponential gains, just crabbing with single-digit or modest double-digit annual returns.

>> No.29555914

>>29554859
Because it's different this time, but you fags didn't listen

>> No.29555922

>>29554859
Retards here are saying shit about crypto cycles and meme companies buying bitcoin

Are you all completely disconnected from the world and didn't see that nasdaq dump that crashed most tech companies the past few days? They're just now starting to recover

>> No.29555934

>>29555816
some definitely will with institutional adoption, institutional adoption is basically painted on the wall with shit at this point. soon it will dry and be cemented onto our asylum wall

>> No.29555939

>>29555816
we are not there yet, to many faggots can manipulate the market

>> No.29555979

>can /biz/ experts explain?
Baby's first correction

>> No.29555982

>>29555816
T-this time it's different.

>> No.29556020
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29556020

haha line go brrr

>> No.29556034

this didn't happen a month ago unless i got blacked out or abducted by greys. dont know why people are saying it happened. probably greys

>> No.29556093

>>29555251
dips happen all the time. crypto is extremely volatile so dips can get wild. anyone saying "it's over this time" sold 2 weeks ago after btc hit 40k and are mad they can't buy back in

>> No.29556116

>>29555939
Every year btc gets spread out impressive evenly

Volatility is going to less and less as time goes on

>> No.29556131
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29556131

>>29555979
the first correction was here

>> No.29556144
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29556144

>>29555982
except it actually can be different when you understand the reason behind previous dumps - basically, uncertainty about the fundamentals of crypto because it's a relatively new and unproved technology still rapidly evolving and find its niches. Once those niches are found, the fundamentals crystalize and real value is established. With that real value comes a price floor, valuation consensus, and stability. The idea that a boom-bust cycle ad infinitum is inevitable is a fallacy in itself.

>> No.29556194

>>29556034
look at the chart dumb nigger january 10th and 11th

>> No.29556249
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29556249

>>29556034

What do you call this then? It went from 40k to 30k.

>> No.29556262

The action of crypto markets is pretty much entirely artificial at this point.

>> No.29556298

>>29554859

People cashing out (i.e. crashing the market) do so in waves. They will sell off then hold back to give a false sense of security, which lets the market recover a bit. This is done so they can sell off again at a higher price. After a few of these false recoveries people loose all hope and just dump everything causing the market to crash in one big sweep.

>> No.29556317

>>29555802
How tf can anyone know for sure. im so fucking angry

>> No.29556333

>>29556249
29K actually. I remember it fondly and everybody thought it was over

>> No.29556352

>>29554859
theres nothing sus about that. Markets decide the price not a centralized banking authority.

>> No.29556360 [DELETED] 

>>29554859
guys found a chat here https://qdefirating.com/en/projects/ there boards are not archived and a lot of useful information can be more convenient to communicate there?

>> No.29556378

>>29555816
Eventually that will be the case, but probably not until the market is much bigger than it is now. Its still vulnerable to retarded retail fomo pumps which always eventually result in a dump. Keep an eye on how much btc is kept on exchanges, thats how you'll know that theres too much retail involvement and shits gonna go south, thats when you take some profit and wait for the dump. Institutions will hold though so it wont be as big as 80% previous crashes

>> No.29556398

>>29555622
return to the meme

>> No.29556407

>>29555251
Yesterday

>> No.29556425

>>29554859
It's literally just a small circle of superwhales that influence all the price action. Nothing feels organic because it isn't.

>> No.29556453

>>29554859
Chinese miners dumped thousands of BTC. People quickly bought them up, returning the price to close to where it previously was.

>> No.29556461

>>29556378
Shhhh. let them think that the adoption of crypto by large financial institutions will simply end like a bull run like 2017-18. they're not smart enough too see the fact we're finally going mainstream and we're here to stay.

>> No.29556471

>>29555816
Crypto is here to stay. Imagine being able to live and do business anywhere in the world with anyone you want, and not get bogged by central bankers and greedy politicians raping you everyday. This is going to be a beautiful future man. Imagine you could just pick up and go live in thailand whenever you want and not have to worry about exchanging currency/arbitrage. It's gunna be awesome.

>> No.29556478

>>29554859
weak hands getting shaken out, nothing unusual, my crypto wallet is all shitcoins and it fluctuates by over 50% weekly lol.

>> No.29556503

>>29556378

one of the more insightful posts I've seen here in some time, thanks

>> No.29556507

>>29555816
"new paradigm shift". Just remember to take profits brainlet.

>> No.29556510

>>29556461
>replied to the wrong post
fuck me I meant >>29555816

>> No.29556543

IT HAPPENS EVERY SINGLE FUCKING SUNDAY. It's like most of you come here once and never again

>> No.29556544
File: 74 KB, 478x442, 1613613650407.png [View same] [iqdb] [saucenao] [google]
29556544

>>29556453
why does Chang do this

>> No.29556586

btfd

>> No.29556613

>>29554859
There was a surge of retail investors with GME. This brought more money into the market, held by people who largely do not have experience in the market. So, the market was nice an green encouraging them to put more money in. Then, they were given their first taste of red, but with a larger dose than usual to make sure the majority of them panic sold.

>> No.29556636

>>29556317
You just gonna keep saying this your whole fucking life? Do you have no semblance of pattern recognition?
Buy $GRT for astronomical gains.

>> No.29556663

When it dips I buy. Simple as.

>> No.29556681

>>29556249
First sell-off. Like clockwork.

>> No.29556687

>>29556317
Sadly it will always be a game of "chicken" where you stay in the market as long as possible and jump out at exactly the right moment.

If people could predict the top in crypto/stocks everyone would be rich by now.

However, for the long-term, stuff like S2F, Pi cycle and HODL ratio show that the current bitcoin cycle is far from over. All models agree that we have at least 3 months of bullrun left, possibly as much as 9 months. These models have been correct for the last 12 years, so I believe in them.

Selling during the next 3 months is simply retarded.

>> No.29556713
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29556713

>>29554859
welcome to crypto newfag, just hold unironically until October-November

>> No.29556754

>>29556471
What a load of cliches

>> No.29556765

>>29556687
>All models agree that we have at least 3 months of bullrun left
Citation needed

>> No.29556779

>>29556544
Chang need Dong to feed Wang

>> No.29556800

Many people think conceptualizing the course of their lives is long.

>> No.29556829

>>29556765
Fine, I correct myself, at least the ones I gave as example agree on that.

>> No.29556881

>>29556687
thanks, ill check them out. been hodling from 2016. and been out of the loop since last big crash. only recently my portfolio rise to same hight as before. just panic sold half my assets yesterday and now im kicking myself for not doing enough research

>> No.29556890
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29556890

>>29554859
It does this every sunday-tuesday, it's been doing it for the past 3 months. You guys are actual retards but once my alts recover I'm gonna sell em and swing em on the next dip.

>> No.29556907

>>29556890
Good luck with that

>> No.29556918

>>29555802
how the fuck are those blips near the top 29 and 36%?

>> No.29556922

>>29556754
I don't care, I want sovereignty. I sick of being ruled by weirdos and psychopaths and the mentally ill my entire fucking life.

>> No.29556987

b-but alts haven't 100x yet

>> No.29556992

>>29554859
are there ways to monitor how many new people went in, and how many left after a price drop for example? obviously it's going to be an estimate, but still, are there such stats, monitoring tools, anything at all?
besides monitoring /biz/ and reading twitter and seeing negroes speak about bitcoin stock???

>> No.29557027

>>29554881
Square Enix?

>> No.29557047

>>29556918
Not my screenshot, but I assume it's on log scale since I remember the chart going pretty much vertical towards the end of 2017.

>> No.29557078

>>29556922
dude save some tinfoil for the rest of us

>> No.29557084

>>29556907
I don't need luck I have the regular knowledge that Chinks and Europeans have dumped every sunday/monday for the past 3 months.

>> No.29557085

>>29556249
yeah but it didn't rebound in 1 day and every other coin did not do the same. not the same as what just happened

>> No.29557103

>>29555124
based retard
what actually happened
>insiders know tether bad news will hit
>dump immediately at $58k
>leak the news
>buy the dip once it hits public
every crypto dip can be explained like this. you can literally go look at the historical charts, pick any crash, and look up the news in the following couple days

>> No.29557110

>>29555251
Literally last week

>> No.29557125

>>29557085
Look at the first 3-4 candles of the red box. It did exactly that.

>> No.29557153
File: 1.19 MB, 400x241, 68747470733a2f2f73332e616d617a6f6e6177732e636f6d2f776174747061642d6d656469612d736572766963652f53746f7279496d6167652f7453754373526243373847394d773d3d2d33312e3135616436396234626563663361396637383637393232333434362e676966.gif [View same] [iqdb] [saucenao] [google]
29557153

Unironically IDK

>> No.29557162

>>29554859

ITs cuz now we have hedge funds who are invested in bitcoin and crypto.

the 2017 rally was just whales and average people. the max wallets maybe had a couple of million.

now there are literally entities that have billions if not trillions in the market. and you better believe that they are all in communication with eachother.

crypto is now almost the same as stocks. 10% will soon hold 90% control. you'll forever be at the mercy of the elite again.

>> No.29557165

>>29557078
go back to your regularly schedule programming.

>> No.29557171
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29557171

>>29557047
>>29556918

I was curious and checked it out. I can confirm that it's indeed in logarithmic scale. In pic related I plotted the same time period in log scale, and it looks exactly like that.

>> No.29557202

>>29554859
Some people bought the dip

>> No.29557217

There is no explanation, fren. just make sure you take advantage of those opportunities on cheap OXEN when you see it

>> No.29557222

>>29555622
Well, twitter greed for btc, alts still have a long way to go

>> No.29557273
File: 19 KB, 236x236, 0278B862-A4BA-4815-BD69-47B7243D35D7.jpg [View same] [iqdb] [saucenao] [google]
29557273

>>29554859
welcome to crypto, this is how it works. having fun yet?

>> No.29557282

>>29555124
This.

Its getting to the point where they have to FUD just to keep the price from gapping $10k candles

>> No.29557296

>>29555456
>+ you don’t buy green candles.

Missed the fucking dip even if I’m fully loaded in tether already waiting for this opportunity (pretty busy these days unfortunately). My fomo lvl is on its peak atm. still waiting for the next dip because I know it will come (soon).

>> No.29557380

>>29555934
>soon it will dry and be cemented onto our asylum wall
this is the logical conclusion, cycle of contradiction is getting shorter and shorter. More examples of information being redacted before it even occurs.

>> No.29557455
File: 2 KB, 125x120, off.jpg [View same] [iqdb] [saucenao] [google]
29557455

IT'S NOT BACK YOU TOP BUYING BUTTCORN MAXI FAGGOT
COPE BUT DON'T LIE
DEFIS ARE BACK ONLY AND IF YOU HOLD LESS THAN 30 AAVE I DONT WANT TO HEAR YOU

>> No.29557532

>>29557296
apparently we'll find out in less than 3 hours.. it looks like its gonna break to the upside tho.
I'm ready to fomo in and get absolutely kiked, again.

>> No.29557575
File: 38 KB, 1075x1302, ouch t shirt.jpg [View same] [iqdb] [saucenao] [google]
29557575

"Don't catch a falling knife"
"The trend is your friend"
"Don't buy on a green day"

Contradiction much? Really a pet peeves of mine

>> No.29557621

>>29556544
To make money...

>> No.29558107

>>29555816
>what if crypto is here to stay and there won't be a big final dump? what if it just... stays up? like the stock market?
the stock market consists of actual companies that produce real goods and make profit, eventually distributing this to shareholders.
Aside from BTC, ETH, XMR and a few revenue producing DeFi blue chips, the crypto market consists of scams, vaporware and useless memecoins

>>29556471
>Imagine you could just pick up and go live in thailand whenever you want and not have to worry about exchanging currency/arbitrage
what a retarded statement
exchanging currency is as easy as going to the atm and withdrawing the local currency
different fiat currencies is a good thing if you are trying to get cheaper cost of living

>> No.29558111

>>29556333
checked

>> No.29558286

>>29558107
imagine all good and services around the world being priced in the same currency. You have any idea how that is going to completely change the entire world?

>> No.29558482
File: 27 KB, 620x413, 345345345.jpg [View same] [iqdb] [saucenao] [google]
29558482

>>29554859
>can /biz/ experts explain?
everyone thought dad was coming home to yell at us and stop the fun but turns out he brought ice cream and told us to keep playing

>> No.29558914

>>29555816
New paradigm!

>> No.29560035

>>29555802
Those are weekly bars you oaf

>> No.29560261

>>29554881
I use square to receive payment daily, I cannot wait to be able to receive crypto payments with it, that would be the beginning of mass adoption. I would even do a 10% discount if paid with crypto

>> No.29560316

>>29555182
the retard here is you
market's gonna crash now

>> No.29560446
File: 27 KB, 480x360, 1613996240689.jpg [View same] [iqdb] [saucenao] [google]
29560446

>>29554859
>market
>Market
>mArket
>marKet
>markEt
>markeT
>MARKET

>> No.29560544

>>29554980
>t. didn't buy the dip

>> No.29560619

>>29560261
Square lets you receive BTC...so...

>> No.29561933

>>29556317
YOU ARE SUPPOSED TO NEVER SELLL IDIOT LMAO

NEVER FUCKING SELL ANYTHING

SWINGERS GET THE ROPE

>> No.29562212

This is panning out exactly like 2017. All of you fuckers are too retarded and new to realize what a huge bull trap we're in right now.

Enjoy getting fucked, I've already sold and keeping my profits in gold for now.

>> No.29562299

>>29554859
went down on tether fud
tether fud didn't happen went up

>> No.29562353

>>29562212
>already sold
Provide proofs so I can screencap and mock you in later threads

>> No.29562807

>>29555816
Max BTC can go is 21x from here

>> No.29562841

>>29562212
>bull trap
Just like 2017, things start off looking good at the beginning of the year, but by the end they are UNFATHOMABLY GREAT. That makes this shit a bear trap, for those of you playing at home.

>> No.29563012

>>29555449
I liquidated 100k only hours before this fucker shot up a 2x. Now it's a 3x. Extremely sus. I am not eur btw. I guess they just wanted no foreign holders.

>> No.29563081

>>29554859
fixed crash to being it below $50k for the Institutions. $60k end of next week.

>> No.29563445

>>29556317
You don't.
You invest what you can afford to lose

>> No.29564028
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29564028

>>29557575
>"Don't buy on a green day"
riding 5min high-volume green candles is ezpz, I feel like there literally one market maker for the whole crypto market that uses the same tricks over and over again. I trade on binance so it's probably CZ's chinkbot.
Cryptoniggers are 80IQ retards with a memory of goldfish kek

>> No.29564911

>>29555922
It's ridiculous. They post the same fucking meme chart over and over again as if it's some kind of rule of law.