/biz/ - Business & Finance

>>7119859
>It got too powerful
Somebody is still stuck in the delusion phase.
The run up to 19k had very little volumetric support. It wasn't the result of people spending 19K for 1 btc. It was the result of stupids buying 0.01BTC for 190 dollars. Then all the whales decided to cash out your lunch money.

>>7099180
The "bull market" in december was caused by people gambling their lunch money at 4 in the morning while smart money was too busy sleeping to correct their behavior. The trade volumes behind the huge gains was tiny. And the market just followed the price as amateurs set it.
(The big selloff was smart money taking the money and running).

>>6686106
More like you're a retard if you bought it after it passed 10k the first time. Because everybody who was holding it before then got the fuck out. It's a dead product now. You're literally just playing hungry-hungry hippos with a bouncing dead cat and getting outmaneuvered by short-sellers in the process. You got greedy. You got fucked. You're never getting your money back. You're a retard if you think you will.

I'm going to keep posting this chart so that I can say "I told you so" when this ride is finally over.

Low volume run up, high volume blow off. The shitcoiner HODL retards are the ones who were buying at 19k. Everybody who bought in below 10k has already sold off by now. a bunch of retards are just playing hungry-hungry-hippos trying to win back their losses by day-trading at this point. It'll keep bouncing lower and lower and lower until all the bag holders commit suicide.

>>6580144
It never had support to begin with. Yellow line is peak trade volume during the run up to 19k. Those big bars on the dive are people who held lots of bitcoin who shook their heads at you but thanked you for all the millions of dollars.

>>6550750
bitcoin also has a unique feature over most market bubbles..in that the exchanges operate 24/7.
So Pump and Dump schemers push the value up using low volume transactions during the slow hours. The run to 19k was such a scheme.
Note that most of that run was relatively low volume compared to the subsequent selloff.

Threadly reminder that the run up to 19k was perpetuated during a low volume period and that everybody with actual pull took the money and ran. It's just cyclical pump and dumps at this point.

Here is a market analysis for why shitcoiners are retards.
In green you have the trade volume at the time shitcoin mooned at 19k. As you can see when you compare it to the trade volume during the most significant nosedives since it mooned it mooned during a relatively low-volume period.
Meaning it was driven up by a bunch of 400 lb retards sitting in their mother's basement at 3 in the morning. While people with significant amounts to trade have, this entire time, been betting against the rise and cashing out hard at the expense of idiots.

And the yellow line is the peak trade volume during the steepest period of inclination. As you can see it is fucking hilarious. You tradelets got played hard. No amount of shilling for shitcoin and insulting other people is going to get your money back. You got fucked. People tried to warn you politely, you were rude about it and now this is fucking Karma.