/biz/ - Business & Finance

hope so, I been waiting for a nice dip to load up

>>10958309
>he thinks this is just a temp dip

Bobo is back and he’s here to stay

>>10958292
wait will this plummet the price or moon it? I don't understand what effects price change

>>10958714
holy fucking brainlet. What do you think happens when a huge pile of supply enters a market?

>>10958737
plummets price because supply goes up but demand stays (roughly) the same? but then won't the plummet cause tons of people to buy it causing it to go up slightly? but it won't be near 800m getting bought so overall it'll go down more than up? sorry

>>10958756
If someone started selling off 800m of BTC it would not only flood the market with that but everyone else looking to dump as well before the complete plummet, tanking the price.

>>10958857
so people are more likely to sell in a plummet instead of buy and hope for recovery? also thanks for the help

>>10958857
lol if someone sells 800m at a sell order at 8k then the price will go up because ppl want those cheap coins idiot lrn 2 market

The silk road went busted in 2013 iirc
$800M in Bitcoin of today is like $10M of USD back then. Is this a realist quantity of money for a single whale?

Anyway, I can't wait for crypto to crash because I am a salty no coiner and I rather see people lose than win myself

>>10958949
kill yourself

>>10958951
$10M does not even qualify as a whale in the real world

>>10958996
What I mean is that this guy who today weights $800M was $10M back when the silkroad went down, assuming he didn't touched his Bitcoin at all and neither did he went to the silkroad after the first takedown.
$10M is quite a lot for an internet seller. I'd have guess that someone with such a wealth is more than just a random guy selling drugs on the onion eBay.

>>10958292
and if that nigger is smart enough he we will sell off as slowly as possible so he can make even more money or sell it OTC or something.
but its probably some moron who will dump it all the same day and cause a flash crash or something and then he only goes home with 500 mil or so

>>10959071
I don't understand what you mean, sure $10M is a lot for an internet seller, on the other hand there are internet sellers worth $150B. There was a silkroad ausfag arrested in 2014 who had 25 000 bit coins confiscated. It is a realistic amount.

>>10958996
$10MM can definitely move the market if you know what you're doing and use leverage. Triggering liqs is the name of the game

>>10959140
Holy shet. That a huge amount of money.
https://cointelegraph.com/news/australian-authorities-about-to-sell-at-auction-24500-btc-confiscated-from-silk-road-drug-dealer
Is it this one?

>>10958918
Yes fren, most people sell low but high, this is where we marines come with our stainless steel hands.

>>10959181
This has nothing to do with betting it all on the market. A goy with $10M money is not considered a whale is all I was saying. It is realistic there were people who made this much selling drugs online, it is realistic goys with this much and more got away with it and pivoted focus to crypto, these very people will be running any manner of scam ICOs or legitimate crypto institutions.

>>10959192
Yes that is the goy, imagine the JUSTing as he sat in jail through the 20k moon mission. But 24 500 is merely what was actually confiscated, maybe he still made it

>>10958292
It's not silk road btw, but a secret Gox cold wallet. I know this because the coins were moved just half a day after the 200k Gox coins in a similar fashion. The link to silk road is probably because Ulbricht/Silkroad moved coins to Gox once.

>>10959140
>>10959192
Kek if I had 25 000 BTC I'd just do a prolapse and tattoo the key inside my rectum and push it back in.
A more realistic scenario if I had 25 000 BTC, run, shave, change clothing style, buy XMR with all of it, fly plastic surgeon from SK to do a face transformation, buy new IDs and passport, go to Thailand, buy beach mansion and 10 whores 24/7, live and fuck and snort until you die from heart disease or AIDS

>>10959234
That would be a bad case of "all your eggs in the same basket".

>>10959239
>I know this because the coins were moved just half a day after the 200k Gox coins in a similar fashio
how sure are you that you are not lookin @ the bittrex cold wallet?

>>10959250
>>10959257
This. Most realistically the main stash is off site but who the fuck knows, it could literally be that goys coins moving now or equally that he was just that retarded and is left with nothing because he's delusional BTC was unseizable.

Anyway they auctioned off that bust, might be interesting to see where it ended up

>>10958980
Learn to recognize a perfect example of sarcasm first, sperglord

>>10959274
this is a transaction by the mysterious whale:
https://www.blockchain.com/btc/tx/57686bea55d9823716ed51277bb04aadaad49aeee947530d85defa5e358386de

this is a transaction by MtGox recovered coins:
https://www.blockchain.com/btc/tx/203a9df81bcc01fbea5a6469d91690158a60a7eb78e7601a3848a14878adb08f

They're just a few hours apart which can't be a coincidence. I think as they recovered the lost Gox coins, they also recovered this wallet, but kept it for themselves.

>>10959250
weirdly, it's more fun getting healthy.. and that shit is near free.

glad to have experienced the fuck-snort-24/7 life tho.. really not missing much tho..

t.brought 2k btc in 2012

>>10959428
WTF gather up some sauce for these wallets and then make an infographic. This shit is serious AF if you can prove those are both actual gox wallets and they're still playing dead possum like they haven't recovered those

A poorfags road to wealth pt 5

What the fuck happened I lost like 2$ within an hour

>>10958996
$10M easily moves the bitcoin price. It's just 1,500 btc, I've personally seen orders like that on Bitfinex

6k by Friday

>>10960185
So whales are always all in is what you are telling me

whales freak me the fuck out
not bitcoin whales but IRL, literal oceanic whales
100 feet long moving through the ocean like that, undetected, could be under you at any second
holy fuck

>>10960544
Yeah. am shit scared of the ocean as well. sharks huge sharks up to 7.9m(6tgiled sharks)
Orcas, Whales

I literaly dont even swim in the ocean as am to scared, for being attacked in 3dimensonal plane.

I stick to inland waters/fresh water . small fish
and am the biggest fish

>>10960687

>>10959563
Its only fun once you've experienced / suffered snort lyfe

>>10959563
>glad to have experienced the fuck-snort-24/7 life tho.. really not missing much tho..
give me the rundown

>>10958292
800m is only a drop in the bucket.

barely even can do anything to the price.

>>10958292
Hurr durr.... not related at all...
Also weed stocks are up...