/biz/ - Business & Finance

>>13604765
but the volume is bigger then the 2017 bullrun

>>13604784
no, its not dumbass. the total crypto cap volume you are referring to is due to wash trading and fake volume

yeah im sure bitcoin will go back to 1900 lmao

All that writing and you still haven't suggested what to do if what you say is actually true.

>>13604784
actually volume is much, much lower on real exchanges like coinbase and binance

https://openmarketcap.com/cryptocurrency/btc-usd

Yes you are absolutely correct bitcoin is going back to $1.

are you guys lying?

>>13604798
i didnt think i had to spell it out for you retard, but here you go:

counter-trade the open margin positions until REAL volume comes back into the market, at which point you buy in big for the bull run

>>13604765
This. Based as fuck. Will be selling most of my alt positions if they run.

cringe

>>13604784
You can see the volume on the chart in the OP you drooling moron.

shit.

we all pack our bags and go home.

seriously. wat do OP??

>>13604765
So how high does this rally go then?

OP is cool guy. ty just bought 100k

>>13604765
FUCK, THANKS BASED BRO JUST SOLD MY 100k

>trading for 16 years
>thinks we are ever going to touch $1900 ever again
BOOMER
O
O
M
E
R

COPE
O
P
E

>>13604765
Stopped reading at "low volume"....

>>13604765

>>13604841
it depends on how high the market makers need to push the price to liquidate enough shorts and get sentiment to flip to long. once there are more longs open than shorts, its time to get out

bitfinex isnt exactly the most reputable folk out there they have access to all of their users open positions and liquidation prices. what do you think they do with that info? nothing?

>>13604889
that was a rhetorical question by the way. they use the info to counter-trade their customers.

>>13604889
same goes for bitmex, they have 20% btc volume and their own trading team.

>>13604765
cope

>>13604926
right but bitmex is futures contracts and bitfinex has actual btc margin trading

>>13604889
bitfinex and bitmex long been swapping position info i got told tht by a guy who works in london and knows some bitmex dudes. the FLP report or something.

>>13604979
kys tripfag

If youve been around you would know they will keep pumping it until organic volume pours in to run us up further then dump.

Well OP, you are either correct or there’s plenty of retards buying btc for 7k a pop...knowing crypto, can’t say for sure which one of the two is correct.

>>13604765
god I hope youre right and it goes back to 2k.
thats my average buy in and I wanna load up more. also would love to see alts get rekt lmao

>>13604861
Agreed volume is insane right now. Op is a fag

>>13604765
Shut the fuck up boomer

>>13604765
also whats your opinion on BSV?

>>13604765
>look mummy, I drew arbitrary lines on a chart
When did you realise you've wasted 16 years?

>>13605025
in what fucking world are you living in? are looking at the fake usdt wash trading volume of shitcoin pairs on coinbene? i feel like im on reddit

>>13605060
your money is as good as gone.


>>13605065
im rich

>>13605000
>to run us up further

Too bad, wrong month, wrong year.

>>13604979
right, this wouldnt surprise me one bit. crypto market makers must be in incredibly small world...

>volume is insane right now
When will this brainlet narrative of volume not being low end?

>>13605025
>>13605077

Either one of you - post source for volume claims.

I trade on normie-base
volume is ridiculous
i hope op is right
anyway i dont care
i just dca

>>13605113

What the fuck is blx?

>>13604835
src of image?

>>13605141
Bitcoin Liquid Index. Index of the major exchanges with real volume. I have no idea where this retarded notion of this rally having high volume came from. I swear, brainlet narratives spread like wildfire on this board.

>>13605077
>your money is as good as gone.
yeah maybe. its more a suicide bag/hedge. but are you not worried that bitcon has been compromised and is unscaleable? that LN completely destroys the entire premise of BTC (if it ever actually comes into existence?). fundamentally to me BTC makes no sense anymore. Im still betting on it but I dont like it one bit.

>>13605141
brave new coin liquid bitcoin

>>13605173

>>13604765
Go back to playing with stocks and bonds you boomer faggot

>>13605077
checked 7's for chainlink

>>13605202
Private collection?

Comfy anon here, doing nothing while gaining money just using my phone, Pi network is the future.

Join now before its too late.

Download the pi network app, You need a referral code to join so here
Code : minepi.com/gone

>>13605237

>>13605185
honestly lightning network and other btc fundamentals mean nothing to me because the only people that do actually care about that shit are miners, nerds and long term holders which dont really move the price

and bsv is a de-listed shitcoin who's spokesperson is a pathetic betacuck bluepill fraud. whats the draw here? i just dont understand. i think you got memed by biz pajeets.

>>13605250
kys you fucking faggot

>>13604765
>>13604809
>>13604825
>>13604832

> low volume

You have a boomer faggot on trading view, who have all been making sub $3K predictions, telling even dumber faggots the volume is low on the Bitfinex chart. Bit fucking finex where they have been moving BTC from cold wallets because everyone with sense is moving their BTC the hell out of of an exchange that is going down. Made up of fake volume or not, the total fake + real volume comparison is double what it was in December 2017 in a fucking weekend moron. If you want more proof of volume and retail investor interest, look at GBTC volume. GBTC volume was around ~1 Million from September to December and now it's been consistently 7-8 Million in May.

>>13605129
Spend 5 minutes clicking around Coingmarketcap.com, majority is fake volume from shady foreign exchanges.

What that means for the current bullrun, I dont fuckin know.

>>13604835

why do I keep seeing this trannyface posted?

>>13604859

yep.
the fuck out of here boomer faggot.
concern shilling fag cunt.

>>13605255
More?

>>13605273
cuz i keep posting her
shes not
and having a bit of a man face or tranny face is hot imo, not too much - just a bit

>>13605278

>>13605257
so where do you think price increase would come from if not fundamentals? BTC is absolutely useless at this point. youre betting on just ever-increasing hype and FOMO? I just dont see why the value would keep going up when nobody actually uses it.
as for BSV, CSW might be a bluepill bitch but the product is scaleable and could actually be used, unlike BTC.

>>13604765
>memecharts don't matter
>proceeds to shill his memechart
YIKES

Supposedly whale algos supported btc all the way up but went AWOL yesterday. No more artificial support

Based capped untested, and saved.

BUT

>>13605270
>>13605113
Keep sucking cock, brainlet.

jfc, these people learned NOTHING from December 2017.

I really thought the collective wisdom of /biz/ would evolve after undergoing the collapse, but nope.

Yeah guys, you're right! It's just going to keep going up in a straight line. Bobos BTFO!!!

>>13605270
heres the coinbase volume dumbass. it would take anyone about 30 seconds to find out for themselves that you are completely full of shit. openmarketcap.com shows real volume.

>>13605298
it wont ever be "used" like you think. digital gold and reserve currency between other shitcoins + ever increasing hype is pretty much it yeah

>>13605302
i said indicators dont matter (particularly during times of low volume)

>>13605334
COPE harder bobo

>>13605326
Also, can confirm that op is right about bitfinex.

they been the great MM all along

>>13605270
if what you're saying is true, then that's actually very bearish. if that many people are willing to sell for such a low price compared to dec 2017...

>>13604765
i like the chart, think it'll fuck up a lot of people if it plays out like this

>>13605359

nobody cares this much about other people making money right unless theyve missed the boat themselves.

go cope in your MANCAVE you boomer bobo faggot.

>>13604765
Reaching lowest point @ the halvening
>retard confirmed

>>13605359
>it wont ever be "used" like you think. digital gold and reserve currency between other shitcoins + ever increasing hype is pretty much it yeah
but even as reserve currency its useless. the fees went up to like $100 in 2017. whats gonna happen in another bullrun. it will become completely unuseable. I just dont see why all the oldfags are so confident in it.

>>13604968
Bitmex also has perpetual swap

>>13605359
Where can I learn to trade? I can tell by the way your answering question you have a pretty good idea of what your taking about.

>>13605398
when everybody and their mother is expecting a certain event to pump the market it means it wont happen

>>13605406
it was more like $20 i think but its faster now. this just doesnt concern me, let alone would it be a reason to go and buy fucking bsv out of all the things

>>13605431
read some books to get the basics but screen time is more important than anything. you have to actually do it.

Absolutely massive hidden sell wall on finex right now

>>13605465

IGNORE THE BOOMER CONCERN TROLLING SHILL BOBO

>>13605465
Everyone was expecting the last halvening to pump bitcoin and it did. No, the whole BUT IF PEOPLE ARE EXPECTING THIS TO HAPPEN THE OPPOSITE HAS TO HAPPEN is bullshit. So many times in crypto people expected a pump and it happened.

get liquidated OP

$7100 now hahah boomer fag.

COPE while we get rich.

>>13605511
im long retard...

There's only a fixed amount of BTC boomer faggot

>>13605525
god damn you guys are fucking retarded arent you. im long right now, not short. ill be short when its time to go short. the only idiots getting rekt will be you morons that only play the market one way - MUH BOBOS AND MUH BULLS

you do realize price can go up AND down right?

>>13605554
lots of other assets out there have fixed supplies.
btc is not special. welcome to the world of markets

>>13605281
>a man face or tranny face is hot imo
>tripfaggot is a literal faggot
Shocking. Truly.

What the fuck is happening with BTC jesus

>>13605557


imagine caring this much about other people making money.

imagine getting this emotionally invested and angry at others making money.

cope harder faggot.

>>13605489
Some whale just shorted around $10M on finex. Very interesting. He is the reason why finex is $200 behind.

>>13605585
ITS VENGEANCE

>>13605577
Read the white paper you jew

>>13605465
Fuck. I gotta lost a lot of money then. So be it.
Did you read binance post? They hinted at some sort of alliance with other exchanges. I’m assuming bfx cause of tether

>>13604792
then why are non-wash trade exchanges such as coinbase are consistently increasing in volume?

OP I just want to say thank you for this thread. It's the same conclusion I came to when spending the whole day on tradingview, twitter, private groups and such trying to understand the fundamentals behind past few weeks' pump.
I wanted to confirm for myself that it's indeed still fine to hold now or even long up until the point when shorts dissipate. Ignore the braindead folk who have no clue what you're even trying to explain to them, at the very least you help a few rational anons out.

>>13605620
Coin base is the only way burgers can get btc. It’s a funnel

>>13605557
Ok grandpa
Thats nice dear

>>13605634
thank you sir. my work is done here. have a good day folks.

>>13604765
so you're saying it's a sucker's rally then? isn't that the classic mistake to make at the beginning of a recovery?

hmm

volume seems relatively high to me. yes it's mostly fake, but it's also still relatively high compared to the rest of the history of fake volume...

>>13605493
It's just going happen earlier and earlier as people try to outplay it.

shorts on bitfinex just went from 32M to 27M. when are you starting to short OP?

>>13605651
now watch this boomer faggot go concern shill on some other thread.

>>13605634
where can i see shorts longs? is that even a thing?

>>13605465
whats your price target longterm?

>>13604765

BEGONE, BOOMER

>>13605681
How would I do that when he's posting anonymously?

>>13604792
HAHAHAHAA
COPE
O
P
E

>>13604765
I continue to use this board due to posts like this. Thank you.

>>13605585
mean reversion

3k shouldn't have happened, but i'm glad it did

>>13604784
Most of that "volume" on CMC is coming from fake orders on no-name Chinese exchanges. Like when some ABSOLUTELY obscure exchange ranks among the top 10 and has obscene volume on pairs like BTC-USDT and ETH-USDT. As if some chinks specifically come to that bucketshop to scalp ETH, which makes no sense at all. Fake, fake, fake. CMC is garbage.

Best advice on biz in a long time and only a few smart anons will recognize that

>>13604765
Based

>>13604765
where is the problem if you adjust your stop loss?

>>13604792
>no, its not dumbass
Stopped listening right there.

>>13604765
Why do oldfags need to preface their posts with an affirnation of a meaningless rank. You read like a bearly coherent drug addict.

>>13605257
ok you are a retarded boomer brainlet. thread disregarded
top will be 8k btw and not because of meme margin trading, it will be because of what happened in the past.
btc has no future because it can't scale, no scaling, no growth, no adoption.
bsv targeting business, commercial side and miners. they have 10k patents pending so it's gg already.
eth and bch cant scale either so both are doomed to the dogshit pile too

>>13605681
>>13605591
>>13605525
>>13605490
>>13605396
>>13605372
>>13605275
Imagine being this spastic.

>>13606352
bsv is just Calvin Ayre's PR campaign. Muh wallpaper built in stone. Pure marketing.

>>13606424
cool story, enjoy your digital gold when nobody is mining it after it drops to 1k
>thinks nchain are filing thousands of patents for 8-15k each for muh marketing
ok

>>13606457
>>thinks nchain are filing thousands of patents for 8-15k each for muh marketing
yes, exactly that, it's called patent trolling and "satoshi" is a brand name to peddle their "intellectual property".

>>13604765
Oh, and also, what kind of a dumbass chart is this? Hahaha
You are not an original gambler.

>>13606352
The absolute fucking state of these bsv morons

>>13604926
wtf was this funding rate, and suddenly back to even

>>13606503
patent trolls are small scam firms that target big companies
nchain aren't small
craig is a billionaire why would he waste his time doing that?
calvin doesn't need to either.
>>13606518
good argument

>>13604792

>>13606757
>patent trolls are small scam firms that target big companies
Yes, that characterizes nChain perfectly. Except that they're hoping to target some open source teams mostly. That LBGT activist Nguyen is not even a techie, he's a Californian lawyer.

>craig is a billionaire why would he waste his time doing that?
he's not, he's in debt and was hired by Calvin Ayre to larp for marketing and PR purposes

>>13605113
shhh you're talking to a bunch of Dec 2017 newfags who have no idea what they're talking about

>>13606969
proofs

>>13604765
The knee dragged some poor fools, even if he is a fucking faggot, I still like his style and his good taste of music. Everybody who got burned, take it with humor

The problem I have with this chart is that it looks like capslockanon's one. So this very well may be capslockanon trying to cope with the fact that he got btfo

>>13604765
>no volume
Just look at the bitstamp volume alone.
150 million USD volume today.
More than 1 billion USD volume the last 6 weeks.

>>13605638
what is gemini, kraken, LBC... are you even trying?

>>13604765
>unregulated
9 out of the 10 exchanges that actually post real economic volume, i.e., the real bitcoin market are registered as either or both Money Services Businesses with FinCEN, or have a BitLicense from the state of New York. Bitcoin is a highly regulated market.
>illiquid
Bitcoin has the tightest spread of any highly traded financial instrument in the world and the exchanges posting actual economic volume trade in complete lockstep meaning the market is extremely liquid. Much more liquid than just about anything else.

You are a fool and a charlatan. You know nothing and you're waving your fucking meme lines around. Get fucked boomer.

>>13604765

Here you go faggots:

https://www.tradingview.com/symbols/BTCUSDSHORTS/

https://www.tradingview.com/symbols/spread/BITFINEX%3ABTCUSDLONGS/BITFINEX%3ABTCUSDSHORTS/

>>13605651
Since you seem to be long and knowledgeable, what is your long term exit point for BTC? When will you sell or what are some indicators you will look for to sell?

>>13604784
While the volume has significantly increased, it's still less than the 2017 bullrun, which had 70k+ BTC exchanged per day on multiple occasions near the end of the run. This run only has a peak of a bit below 40k, which is still a large increase.