/biz/ - Business & Finance

>>23962409
some people blame it on the MtGox BTC being sold, but in reality it's just whale games

>>23962409
People moved their shit into ETH which kept mooning for another month or so.

Then the ETH bubble collapsed because there were countless tokenized projects but no decentralized oracle network to power them.

people who bought when it was a few dollars were making millions

and then when it reached thousands and started appearing on the news average joes decided to join in buying ATH to be dumped on in the weeks later

>>23962409
just the end of the cycle. nothing more. whales r all trying to accumulate as much bitcon as possible.

>>23962409
More sellers than buyers

>>23962409
Some people felt like it was time to cash out and that led to some other people deciding it was time to cash out and eventually people just wanted to not walk away with nothing

>>23962409
chink dump to drop the market, scoop up all cheapies, profit again. they do this in cycles

market is manipulated by china

>>23962409
for proof, notice all teh dumps coincide perfectly with the trade war when trump started slapping tariffs>>23962483

>>23962409
parabolic rise ended + mempool was so clogged tx fees for a simple transaction were literally over $30

>>23962409
If you don't know why it's either because you're dumb or were absent during 2017/18

A LOT of idiots who were also evidently absent during that period are saying "we are at euphoria. we are at extreme greed!", when they really do not remember what it was like back then.

My facebook feed was full of people talking about buying bitcoin and most importantly BULLSHIT alt coins that now went to zero.
People in real life started arguing with me about their bullshit alt coins they learned about 3 days ago. It was fucking obscene.

t. person who sold the top.


P.S. when we were at 3k, the bitcoin sub reddit, (usually fucking awful) was the most informative and educated I have ever seen it. Every thread was tech-based related to LN development or other BIPs. There was zero "WHEN M00N?? WHEN 20K??". I don't even rememebr "is bitcoin dead" threads. All the retards had fucked off, it was amazing. Shame it didn't last

The post quality of /r/bitcoin is the ultimate indicator

>>23962409
better question would be, what caused the pump?

>>23962703
So you are about to sell?

>>23962409
People taking profits?

>>23962507
Only because bitmain spammed the mempool to make that utter shitcoin bcash seem like a legitimate option.

>>23962732
A variety of things. Mining hype, media attention, the bcash fork etc.

The whales and the real traders make money going up AND down. The normies only understand going long so yeah at 19k it was time to short the fuck out of it. It's too bad shorting on margin has interest rates though. Would have made a killing if I rode it down to 3k. I just sold on spot instead.

>>23962703
this and pic related

buy cheap
open shot
sell

>>23962409
cucks selling, as usual

Look up when CME Bitcoin futures contracts were released

>>23964018
And coinbase BCrash listing

>>23963891
>>23964018
can’t wait for btc futures to become as large as gold futures
all you bitniggers and shiny rock niggers will be wiping my steamy diarrhea off the toilet seat at 270 park ave after the fat Mexican who runs dos toros has delivered my extra spicy quesadilla and nachos with hot sauce

>>23962736
no, retard?
why the hell would i sell when the bull run has literally just broke out. i've been accumulating until this.

>>23962409
high fees because corecuks kept the 1mb blockcap.

Fees are high again btw....

>>23962432
Muh whales
Prove it