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/biz/ - Business & Finance

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12435056 No.12435056 [Reply] [Original]

A guy who has millions/billions in crypto just needs it to go from $3500 to $4000 to make a huge profit. With this in mind, why in the fuck would it go to $15k ever again?

>> No.12435070

because greed is a hell of a drug

>> No.12435074

>>12435070
This you gotta know when to stop

>> No.12435096

all the "profit" you mention is paper profit.
In order to really profit there has to be a buying volume high enough to eat your million/billion position.
The way you would do this (assuming the guy is not operating with an otc platform, highly unlikely) is by reverse dollar cost averaging.
Sorry Raj, gotta study more.

>> No.12435105

>>12435056
Meanwhile in a poor country in Africa.
> A guy who has thousands/ tens of thousands of dollars in crypto only need it to go from $3500 to $4000 to make a huge profit. With this is mind, why in the fuck would it go to $15k ever again?
Making 10% on a couple of million might be a “huge profit” for you, but for people with that much invested it’s not all that great because they’re a lot wealthier for you.

>> No.12435112

>>12435096
>assuming the guy is not operating with an otc platform

Anyone can do this easily now, CB offers OTC trades. And the time they started allowing OTC trades is when BTC went below $6k.

>> No.12435394

bump

>> No.12435449

i doubt more than few have billions

for people with millions, its likely to go back to 10k+ because the demand from other rich people not yet in crypto would outstrip the supply

>> No.12435470

>>12435056
She's hot as fuck. Who is this roastie?

>> No.12435494

>>12435056
A guy who has millions/billions in crypto just needs it to go from $3500 to $3000 to lose a massive amount. With this in mind, why in the fuck would he bother investing in it again unless he's extremely greedy?

>> No.12435566
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12435566

>>12435070

>> No.12436287

So that they make even more money?

>> No.12436293

>>12435056
no one puts most of his wealth in one basket, unless is a gambler or an idiot.

>> No.12436616

Idgaf if it never hits 5k again. I'm sitting on a nice stack of tether and I'm waiting for the bottom. If the bottom is $10 is be more than happy if it went back up to $30. I don't understand why everyone cares so much about the ATH when all that really matters is market movement. Swing trading is the way forward. Take control of the markets, don't just wait for a mirical.

>> No.12436632

>>12435096
This. Are your coins really worth that much if you can't sell them without crashing the price?

>> No.12436651

>>12436616
>don't just wait for a mirical.
Waiting for muh mirical

>> No.12436721

>>12435056
No one with millions/billions would put it into crypto