/biz/ - Business & Finance

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LOL Anonymous Mon May 27 20:53:53 2019 No.13869727 [Reply] [Original]

Good luck keeping this shit going up

>>	Anonymous Mon May 27 20:54:43 2019 No.13869735 >>13869727 >Bitstamp

>>	Anonymous Mon May 27 20:55:14 2019 No.13869744 >>13869727 they don't know this is just a finale exit pump/

>>	Anonymous Mon May 27 20:56:08 2019 No.13869761 >>13869727 i wish tether would just fuck off. they alone are manipulating the entire market

>>	Anonymous Mon May 27 20:56:16 2019 No.13869762 >>13869735 bitstamp volume is accurate, it's measured in number of coins traded not dollars, which is the correct way to measure volume. Learn something anon.

>>	Anonymous Mon May 27 20:57:53 2019 No.13869778 File: 73 KB, 692x800, brainlet.jpg [View same] [iqdb] [saucenao] [google] >>13869735 >"the volume on binance and bitfinex is real!"

>>	Anonymous Mon May 27 20:58:33 2019 No.13869791 >>13869762 Back in 2016 bitstamp didn't have as many competitors, so their share of the total volume was higher than it is today. Look at the aggregate volume for fucks sake.

>>	Anonymous Mon May 27 20:58:53 2019 No.13869796 >>13869762 well of course the number of coins traded will decline as the price goes up exponentially you fucking idiot.

>>	Anonymous Mon May 27 21:00:49 2019 No.13869828 You're damn stupid, back in 2016 everything was completely different, Bitsamp was still a major exchange

>>	Anonymous Mon May 27 21:02:13 2019 No.13869847 >>13869791 The volume on Bitstamp is still proportional to the overall volume of the market. It doesn't matter. >>13869796 No shit, you fucking idiot.

>>	Anonymous Mon May 27 21:03:58 2019 No.13869866 >>13869847 Say that to my face in real life and not online and see what happens

>>	Anonymous Mon May 27 21:04:33 2019 No.13869872 >>13869866 ok faggot, what's your address?

>>	Anonymous Mon May 27 21:06:07 2019 No.13869894 >>13869847 >The volume on Bitstamp is still proportional to the overall volume of the market. It's not. Not at all.

>>	Anonymous Mon May 27 21:06:16 2019 No.13869897 >>13869872 Meet me by the Rockefeller Center in Manhattan

>>	Anonymous Mon May 27 21:10:18 2019 No.13869939 >>13869727 Have sex

>>	Anonymous Mon May 27 21:10:56 2019 No.13869947 The whole of fucking crypto, since inception has just been one massive scammy jerkoff session. Everything is manipulated and shady. Normal investments aren't devoid of scams but they're an order of magnitude less scammy than any crypto thing.

>>	Anonymous Mon May 27 21:13:28 2019 No.13869982 >>13869947 large risk, large return

>>	Sage Mon May 27 21:14:04 2019 No.13869989 >>13869897 Found the nigger

Anonymous Mon May 27 21:14:30 2019 No.13869995

>>13869847
Bitstamp's proportion of total trade volume has been falling, you retard. No one trades on bitstamp anymore. If in the past it amounted for ~10% of all volume, it's down to less than 1% today. Volume is declining, but only for bitstamp.

The same happened to bittrex. Look at bittrex volumes and you'll see a drastic decline over the past 2 years.

>>	Anonymous Mon May 27 21:16:24 2019 No.13870016 >>13869989 Found the betacuck

Anonymous Mon May 27 21:22:13 2019 No.13870077
File: 23 KB, 1268x573, binancelmao.png [View same] [iqdb] [saucenao] [google]

>>13869995
Please, look at Binance volume chart and tell me this is the actual state of this market with a straight face

You literally can´t.

That exchange alone is driving this entire fake bullrun on pure USDT wash trading. It's all horseshit.

>>	Anonymous Mon May 27 21:25:02 2019 No.13870112 >>13870077 So? What's gonna happen? This tether shit aint being shut down anytime soon

>>	Anonymous Mon May 27 21:25:30 2019 No.13870116 >>13869727 DELETE THIS

>>	Anonymous Mon May 27 21:26:36 2019 No.13870128 >being a no coiner in 2019AD Anon, I....

Anonymous Mon May 27 21:28:14 2019 No.13870151

>>13870077
Your binance chart contradicts your bitstamp chart. Volume has gone up over the past 3 months. Also, volume is higher than December 2017, which is extremely bullish.

It looks like I'm arguing with a moron and I've got better things to do. Dont forget to look at the aggregate volume, retard.

>>	Anonymous Mon May 27 21:45:51 2019 No.13870322 >>13870112 Mt.Gox 2.0 eventually. People with real money and a functional brain are currently on the sidelines. >>13870151 Fellow Binancian, please fuck off.

>>	Anonymous Mon May 27 21:46:33 2019 No.13870330 >>13870322 >Mt.Gox 2.0 eventually But when? WHEN? You keep saying It's going to happen soon, But it could be years off.

>>	Anonymous Mon May 27 21:48:22 2019 No.13870352 >>13869727 you're using one exchange over a time period where bitstamp went from one of a few exchanges to just one of many. They've lost share and their volume alone is a stupid fucking indicator of overall BTC volume

>>	Anonymous Mon May 27 21:50:16 2019 No.13870367 >>13869762 >more coins traded at $500 per than at $3000-20000 per WOAH DUDE

>>	Anonymous Mon May 27 21:54:47 2019 No.13870412 >>13870367 aggregated amounts count as whole units

>>	Anonymous Mon May 27 21:56:58 2019 No.13870438 File: 27 KB, 216x398, 1538019384007.jpg [View same] [iqdb] [saucenao] [google] >>13869727 Supply drying up Demand goes up. OP's meme lines concur. How do markets work?

>>	Anonymous Mon May 27 21:59:04 2019 No.13870457 >>13869727 one could frame this, it's true that the whole experience thus far is funny what underlies beneath less so this chart is just hilarious

>>	Anonymous Mon May 27 22:01:17 2019 No.13870488 >>13869995 it doesn't matter, if volume goes up across the market it will still reflect in bitstamp.

>>	Anonymous Mon May 27 22:03:00 2019 No.13870504 >>13870367 >thinks he's smart, doesn't realize no one is arguing this point

>>	Anonymous Mon May 27 22:11:18 2019 No.13870589 >>13870504 thats exactly what you said in your original point, brainlet volume in anything other than USD is retarded

>>	Anonymous Mon May 27 22:13:37 2019 No.13870616 >>13870589 The exact definition of volume is number of shares (or coins) traded. Not traded in dollars. I can tell you're just a cryptofag and relatively young and dumb as well. https://www.investopedia.com/terms/v/volume.asp

>>	Anonymous Mon May 27 22:14:13 2019 No.13870619 LOOK JUST TELL ME THIS WHEN ARE WE GOING DOWN?

>>	Anonymous Mon May 27 22:15:42 2019 No.13870634 >>13870616 You're the dumb one if you dont understand that definition doesnt apply to BTC

>>	Anonymous Mon May 27 22:18:22 2019 No.13870666 >>13870589 BTC "volume must be in USD but not in BTC" are you serious? Next thing you'll say is the whole point of cryptocurrency is profit and muh darkweb >>13870616 this

>>	Anonymous Mon May 27 22:19:36 2019 No.13870673 >>13870634 oh right, it doesn't apply to bitcoin...says you...lol. Your K-11 education is showing again.

>>	Anonymous Mon May 27 22:21:08 2019 No.13870686 >>13870616 yes but you need to fucking understand that a volume chart priced in units when those units have increased more than just about any other asset in human history will lead to wonky results

Anonymous Mon May 27 22:23:01 2019 No.13870700

>>13870634

The fact that BTC is convertible to fiat is its weakness.
The whole point is holding, not selling. Fiat is just temptation and the illusion of a price, that's the original vision. Let merchant acceptance be taken care of by the merchants themselves

>>	Anonymous Mon May 27 22:24:56 2019 No.13870717 >>13870686 how can you mix fiat and BTC in one chart under the premise of volume? fiat fluctuated, one BTC stayed one BTC

>>	Anonymous Mon May 27 22:25:42 2019 No.13870723 >>13869735 other anon responses are correct but they forgot to mention the longer history on stamp

Anonymous Mon May 27 22:26:44 2019 No.13870733
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>>13869727
BTC has not even reached a strategic dimension for overall world capital markets. Your question should be asked again after the first wave of big boys have paid premium prices for their BTC and the price sits around 70-130k USD per BTC.

Anonymous Mon May 27 22:27:03 2019 No.13870739

>>13870686
No it doesn't. It absolutely doesn't. Volume priced in units and not USD helps to understand the real value of the underlying asset.

Like you have to realize why volume in USD is worthless, right? Look at Berkshire Hathaway A, and let me know how their volume is measured.

>>	Anonymous Mon May 27 22:27:21 2019 No.13870743 >>13869727 Is this bait? Bitstamp has a much lower market share now than 3 years ago, brainlet.

>>	Anonymous Mon May 27 22:27:27 2019 No.13870745 >>13870733 Imagine the fees

>>	Anonymous Mon May 27 22:29:37 2019 No.13870773 File: 140 KB, 1114x1741, vol.jpg [View same] [iqdb] [saucenao] [google] >>13870717 just use total dollar volume faggot. majority of crypto traders want to cash out a sizeable amount to USD (making it) - why shouldn't you value volume in dollar value.

>>	Anonymous Mon May 27 22:30:09 2019 No.13870776 >>13869727 looks like it wants to go to $30k

>>	Anonymous Mon May 27 22:32:37 2019 No.13870806 >>13869762 >number of coins traded not dollars lol

Anonymous Mon May 27 22:34:22 2019 No.13870835

>>13870743
jesus, you guys are dumb as fuck.

volume share across all exchanges does not matter.

If Binance get's 90% of the volume, and Bitstamp get's 10%, it doesn't matter, because we are comparing bitstamps volume bars to bistamp.

Go look at historic volume across multiple exchanges, they all increase and decrease proportionately

>>	Anonymous Mon May 27 22:34:54 2019 No.13870841 File: 108 KB, 600x338, whygreen.jpg [View same] [iqdb] [saucenao] [google] >>13870745 Fees will still be lower than transaction cost for precious metals. It will function as a reserve currency for international settlements.

>>	Anonymous Mon May 27 22:37:52 2019 No.13870881 >>13870835 yes, because of arbitrage bots basically. still don't agree with you about dollar volume though.

>>	Anonymous Mon May 27 22:38:42 2019 No.13870890 >>13870841 >Fees will still be lower than transaction cost for precious metals. >It will function as a reserve currency for international settlements. Is this how bitcoiners cope? No matter how much you want it to be bitcoin is not a precious metal

Anonymous Mon May 27 22:39:58 2019 No.13870908

>>13870773

You just called me a faggot as a figure of speech. The majority does not always benefit the minority and crypto wasn't created to be hoarded by an oligarchy but to provide an alternative.

Why shouldn't you value volume in USD? Because the US dollar is legal tender, printed by the Fed and is a floating currency.

>>	Anonymous Mon May 27 22:40:07 2019 No.13870911 >>13870739 Brk-A increased 140,500% over a 39-year period BTC increased 85 million % over a 10-year period

>>	Anonymous Mon May 27 22:43:59 2019 No.13870963 File: 207 KB, 513x468, 1544934934355.png [View same] [iqdb] [saucenao] [google] > Be BTC > Longest chain > Most hashpower > Highest number of legit transactions > Widest adoption Only a brainlet couldn't see where this is going.

>>	Anonymous Mon May 27 22:44:34 2019 No.13870971 >>13870841 >I can't make a value argument for BTC so I'll just pretend precious metals are worthless

>>	Anonymous Mon May 27 22:44:56 2019 No.13870980 >>13870963 >$5 fees No one uses bitcoin to buy things

>>	Anonymous Mon May 27 22:46:04 2019 No.13870997 >>13870151 Most of the volume is fake. Anyone who's been in crypto in 2017 knows that crypto market activity was way higher in December 2017 compared to now.

>>	Anonymous Mon May 27 22:47:53 2019 No.13871019 >>13870773 >>13870908 Put it this way, put the amount of USD traded worldwide and the corresponding equivalent volume in BTC but not USD: nonsensical >>13870997 wash trades, painting the red tape, market manipulation

Anonymous Mon May 27 22:49:36 2019 No.13871030

btc is not at the point where it's so universal, valuable and accepted that you measure it only in terms of its own units. still need a frame of reference and that frame of reference is USD.

>>13870997
>>13870911
and that's why TDV is useful it shows exactly that. need a frame of reference especially when btc is so volatile and a 3% daily move in the stock market is considered a big move.
>>13870773

Anonymous Mon May 27 22:51:47 2019 No.13871053

>>13870700
The whole point of BTC was to use it as a currency based on Satoshi's whitepaper. Holding BTC completely goes against that use case. Reducing liquidity of an BTC doesn't make it appealing and completely contradicts with the idea of a free market.

>>	Anonymous Mon May 27 22:57:58 2019 No.13871117 >>13871053 The idea of using bitcoin as a store of value but not cash is amusing. The most popular store of value IS cash.

>>	Anonymous Mon May 27 23:59:54 2019 No.13871814 >>13871117 >the most popular store of value is cash Long term store of value can never be cash

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