/biz/ - Business & Finance

>>54574693

but BTC selloffs are always bullish
they sell wholesale to exchanges
then exchanges pump the price and catch retail in their washtrades

the market is fake and fraudulent
but you can make money from it if you know the mechanics of the fraud

>>54574006

so it IS fake?
jfc what have i gotten myself into?

It all makes sense to me now about why bitcoin surges higher while volume goes lower. The less people buy, the longer and higher Bitcoin goes.

The exchanges are propping up bitcoin with wash trades. Its taking a long time to correct because hardly anyone's buying. They push the price higher when the number of retarded pepes/day drops below a threshold.

I used to think the price action were a real representation of mass investor psychology. But its actually the charts plus volume. Price on its own means nothing. Higher price doesn't always mean "market is bullish". Sometimes, like now, it means "market is bearish".

>>54561734
>What kind of retard buys

thats the misconception
no one's actually buying
its all just pumps and washtrades

The crypto market isn't real, and you're a complete fucking retard for even thinking that it is. The price action is controlled by a handful of CEXs that all collude with each other. The price of bitcoin at any given time is dependent solely on their interests.

>>54459815
>for every seller there's a buyer

sometimes theyre the same

Is pic related even legal?
I'm launching my own coin soon. A close friend who's coin is already listed shared code for a wash trading bot he uses. He said most devs use it.
Now I understand how crpto price moves

Is it illegal to do this?

If you don't agree that pic related is real, just GTFO of this thread, not wasting my time with retards

For those who know its real, how many real purchases are made per 100 wash trades? What do you think that threshold ratio of "real to wash" is before exchanges/whales consider the prop-up is not profitable?

yes

>>54375876

There's still maybe 5 or 6 pepes looking to buy
They'll get every last pepe

They bought thousand of bitcoin @ $100
they can either sell bitcoin @ 15k to 2 people
or
sell 1 bitcoin @ 30k to 1 person

Its all about the net return
The price is fake
very few people are buying now
they'll pump it higher soon, to squueeze fomoers

>>54344371
he paid his debt with money that he squeezed out of retail who bought the tops of pumps that he himself initiated

>>54301825
>anyone who isn't a 4 digit portfolio faggot uses on-chain DEXes like a proper human instead of getting frontrun in a CEX for your 100 dollar trades

If you actually had alot of money you would realize that DEXes got horrible liquidity for futures, but seems like you've never had to experience that

Just look at the chart and tell me this isn't a bait
Whales are fucking with your mind
It's also weird that there aren't any Bobo posts anymore

this is the point

>>54110730
prices at this point are propped up by exchanges so the system still functions. 26K is just an exorbitant high price so its possible to rug everyone extraordinary high if it doesnt sustains itswlf anymore

If off-chain bitcoin transaction (i.e within cexs) are free of charge, couldnt whales just buy/sell to themselves forever?

It would only be when some cexs decide to drop the price does the price drop as other cexs have to make sure they dont lose on arbitrage trades.

But if all cexs cooperate with each other to keep the price afloat, then they can maintain the price until good news comes and retail re-enters

>>53951159

or possibly use it to prop it up?
barts cost money

>>53881667

I bought a fuck tonne of coins at the recent bottom. Its obvious a lot of coins are barting. I'm selling little by little everyday, so its a good thing for me that whales are artificially propping the coins up. No doubt theyre doing exactly what Im doing.

But Ive also got a human side to me, and cant help calling out a fake market when I see it. Its in my nature to warn others, even anonymous strangers of dangerous scams.

But then I remember that most of you fuckers here are actually intelligent. You act like dumb cunts, but I know the truth. And in all likelihood, you're probably doing what I and the whales are doing.

So I'll ask this once. My instincts tell me the answer is yes.
Should I shut the fuck up about the tricks whales pull? Should I let normies get scammed, and learn the reality of the markets themselves? I'll obey the advice if a thought reply is made.

>>53617098

yeh, but if you cant explain the pump
is it really a pump?

>>53611467
>when?

when they've finished offloading all the bitcoin they bought in nov-dec