/biz/ - Business & Finance

250btc wall melted in only a handful of trades
this is what I've been waiting for

S

>>7176548
this

>>7176527
What does it mean?

>>7176586
we going sub 6k

Finally we reach 8k... The bullrun can begin
I came my pants

>>7176586
cryptor is kill

>>7176586
ETH is king

>>7176624

>He thinks 8k is the bottom

>>7176624
ha

meanwhile ETH is sitting /comfy/ above 1000

the flippening has begun

>>7176641
ETH is fucking dumping right now. Under $1000 in a few minutes.

>>7176662
>meanwhile ETH is sitting /comfy/ above 1000

Check again...lol

>>7176500
Someone explain this

I'm so tired from aaaa'ing that I don't even want to aaaa anymore.

>>7176624
We are in a bear market boyo back to 1K. Until you cry for mommy.

>>7176685
Tulips

JESUS CHRIST, that fucking 250 BTC swallowed in a couple of seconds.

This is it. Today is the day.

>50% ETH
>30% OMG
>20% BTC short

I AM COMFY, AND I AM READY FOR A GREAT YEAR.

>>7176662
Not sure about that - Eth has lost 10% it was at 1100 earlier

>>7176681
>meanwhile ETH is sitting /comfy/ above 1000

the flippening has begun

Someone translate this I don't speak neet speak

>mfw the bubble is actually popping
j... just hold guys, it will go back up

>>7176685
It was a fucking bubble and it's popping right now. We're going to 1k. Market cap 100B.

>Started with 4k 1 month ago
>Ended up with 55k ath
>Still holding now at 12k

Should have sold but you never know.
I literally dont even care if im back at my 4k. I enjoy this dippening more than anything else.

>>7176681
Just checked. It's comfy at $1055.

>>7176748
depends on which exchange you look at - the market is moving so fast up and down

>>7176722
ETH is about to replace shitcoin as rightful king

Litecoin will be king. It's holding steady at 150. Still the cheapest normies coin and can rise the most %

>tfw ETH is still up about 20% from a month ago
>tfw BTC is down around 40%

ETH is fairing MUCH better than BTC and hasn't bled even a fraction of what BTC has from its ATH.

Even if ETH goes sub $1000 again, it's doing so much better overall.

ETH is what will keep people's faith in crypto alive.

>>7176681
>check again

>>7176781
ETH will no doubt bleed a little bit, but nowhere fucking close to BTC and the alts attached to it.

It's the best hedge we have right now, since Tether is a joke.

>>7176786
I have 1 ETH, how rich will I get

>>7176786
then what is going to happen?

>>7176672
Bitcoin's death will pull the whole market down temporarily, only the strong will survive. ETH will rise out of the fire. It's the only one in the top 10 gaining value against BTC and it has the least drop compared to fiat.

Creative destruction.

Getting absolutely FUCKED. I'm HEMMORAGING money. Ignorance is bliss, I should've resisted the temptation to check my holdings...

The ETH/BTC pairing on GDAX is in the green.

Congrats on this. Seriously.

bottom is probably $600 for BTC and $5 for ETH

>>7176728

https://www.youtube.com/watch?v=oIscL-Bjsq4

goodbye everyone. i had a lot of fun here.

>>7176867
>bottom is probably $600 for BTC and $5 for ETH
Not happening, I will unironically buy 10k ETH if that happens.

>>7176830
the volumes are quite low - 21000 BTC on GDAX on a really busy day I have seen 90000 BTC.

tether up goyim!

>>7176845
luckily i set alerts before this whole mess. not going to check that shit for a loooongggg time...

it's pumping back up again

>>7176845
lemme guess, brain gang?

>tfw the 8k fags were right
s-sorry for making fun of you. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

What would be the best altcoins right now to hold? I usually mine and turn every coin into BTC but nowadays I'm changing plans

>>7176845
>>7176932
Why won't you fuckers just short? Jesus fucking christ.

>>7176940
Those fucking retards deserve everything they get.

I have a business that paid me like clockwork today

a few k in crypto

who here /comfy and dont give a fuck /

https://www.youtube.com/watch?v=wp44qs0V1wU

This is the CME futures fucking the market - Contracts are settled tomorrow so one last effort to drive down the market to maximise gains on the short contracts. There is no news that explains this drop.

>>7176979
How 'bout stocks and bonds, kid.

>>7176991
Didnt put more in then I was willing to burn, so im over here not giving a single fuck while everyone else has a emotional breakdown.

>>7176892
tomorrow will bring even better memes

>>7176979
ETH is the most stable hedge. OMG comes after that.

>>7176500

F

>>7176985
not everyone can be a badass with future prediction powers.

>>7176998
Bitcoin the OG shitcoin is the news. Blockstream fucjed shit up beyond repair

THE DREAM IS DEAD

>>7177025
Most /biz/ posters can't into stocks and bonds because they aren't 18 and their parents won't let them.

>>7177145
You'd have to be a complete fucking neanderthal not to see this coming. Like 90% of /biz/ has tried to ram it into your heads.

>>7176624
I heard there is a pretty good and solid support at 0$

>>7176500
>he thinks the dip is over
It will go till ~4-5k$

>>7177060
living on bitcoin gains is so 2017 guys

I still don't understand how hundreds of billions of dollars left the market because of a few silly news? With a simple google search it's easy to confirm most news were FUD.

>really strong sell support
>not market manipulation for short contracts

IS THE MELTDOWN REALLY HAPPENING RIGHT NOW?? I HAVE 1 ETH.. DO I HOLD???????????????????????

>>7177313
Shorting is the lifeboat. ETH is a life vest.

At least you won't drown.

>>7177298
Learn how to market cap noob

>>7177298
Let me guess. You're in XLM or XRP.

>>7177025

>stocks and bonds
What could possibly go wrong, right?

>>7176998
literally a NYT hit piece linked to by Drudge Report

>>7177298
Learn marketcap vs actual money in the market.

>>7177201
there are literally dozens of "crypto is going to crash" threads every single day. even a broken clock is right twice a day.
do i also have to buy bazingacoin because /biz/ keeps telling me to do that?

>>7177682
what hit piece?

>>7176979

>>7177624
most of us who got scammed on shitgrail were whales. we took everything out and crashed the market behind us out of spite.

>>7177342
Care to explain your shorting stategy?

>>7177792
look on Drudge you mong. I saw it this morning before coming to /biz/

>>7177778
If you can't tell the difference between literal pajeetbots spamming and genuine advice given to you, you're a lost fucking cause.

>>7176821
Jews will finally control crypto, since ETH is an infinitely printable fiat currency.

>>7176818
You'll make it, but only if you send it to me for free trimming first

>>7177895
Simple. Half is 10x, half is 25x. Liq price for both is closer to $11k, so I'm not worried about short squeezes.

If we hit resistance when we reach $7k, I'm closing my positions and I'll wait on the sideline until things either stabilize or we go even further down.

>>7177902
you are the mong - the news was about bitfinex and tether which is old news now.

>>7176806

Its down relative to BTC idiot.

>>7176687
aaaaaaaa... cough cough....uhhhhhhh.....

>>7176624

>>7177949
>genuine advice
>on /biz/

kek

>>7178029
Oh, and it's only 20% of my folio. I didn't want to commit too much when we were around $10-10.5.

Rest is in ETH/OMG as a hedge against BTC assraping.

Someone who is not an.edgy 13 year old, please explain, will it go back up? I'm down by 50% and it's really hard for me to "hold"
My friend at 12k told me to just sit and wait, but at this point I just want to pull out and at least save something
Will it go back up? Is that REALLY just a temporary January setback?

>>7178146
DYOR

>>7178035
yes, maybe to you - but a drudge link to a NYT article brings MILLIONS of clicks.
believe me or not. watch the charts.

>doubting TA
>ever
there can be a crash without everything being over

>>7178146
It might go back in summer at best. Wouldn't count on it though.

>>7178146
I feel you fellow human, i just don't want to lose my life savings.
I just sold everything at a loss, but at least i won't lose everything.
You should do the same friend, right now seems like the perfect time to sell.

>>7178146
Depends what you're holding. If BTC goes down to sub-5k, like half the shitcoins probably won't recover to their ATH for at least a year.

If you're in ETH, you hold.

Man these times are so boring. Nothing fucking happens other than mass dips

>>7178130
>hedge
lol

>>71781845
It is not people with $5k portfolios causing this much of a market movement. It is institutions, high-frequency traders that will be onto the news as soon as it is released.
How about the fact the CME futures contracts settle tomorrow - this is far more likely to be a driver of the price considering some of these institutions trade over $100 million in a day. To maximise their short positions they need the close price as low as possible.

>BITSTAMP STILL HASN'T VERIFIED MY ACCOUNT

FUCK FUCK FUCKITY FUCK

>>7178146
No one really knows, but technically, emotionally and momentum-wise bitcoin (and all coins really) are in a downward fall. Its a self-feeding frenzy at this point and lately there has been absolutely no good news to prop it up.
It has long term value perhaps, but long term in the likeness of dot com stocks in the 90's fading out and reviving a decade later.
But who really knows? I personally would not be buying anything for the foreseeable future and I would sell anything I had after this next bounce which will happen over the next few days

>>7178184
It is not people with $5k portfolios causing this much of a market movement. It is institutions, high-frequency traders that will be onto the news as soon as it is released.
How about the fact the CME futures contracts settle tomorrow - this is far more likely to be a driver of the price considering some of these institutions trade over $100 million in a day. To maximise their short positions they need the close price as low as possible.

>>7178366
Could it reach 10k again?

>>7178146
spoiler: nobody knows.

>>7176500
BTC must die if crypto is to survive.

>>7178439
maybe over the next few weeks or even this weekend...don't forget Tether and tons of people are shorting it more and more could be leading to a big short squeeze... but no big holders want to be known as 'the last guy ever to buy a 10k bitcoin' so don't hope too much

IT'S OVER

>>7178576
>'the last guy ever to buy a 10k bitcoin'

>>7178146

Your fiat is gone

If you panic sell the instant u do it will go back up

>>7178406
>CME futures contracts settle tomorrow
Link please anon

>>7178406
I'm not disagreeing with you. You know MUCH more about the mechanics of this than I do and I have a bad habit of being wrong about almost everything. My previous post was glib.

>>7178645
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

>>7178585
Its only just begun. Prepare your pink wojak folders.

>>7178671
fair enough - I am just here discussing the reason for price movements and how Wall Street and Chicago manipulate every market they go near.

Well its time again to short ETH
fucking hell another sleepless nights to go from 400eth back to 700.

Time traveler here, bottom is $527 on GDAX. Binance and kucoin exit scam in 2019, so watch out for that.

>>7176500

I don't understand this pic, explain please

(i know it's BTC < 9K but it's the volume buy/sell I don't get

>>7178860
kek

all crypto is worthless, right?

it's just a game now to see who can get out more of their $$$ than the other guy before it hits 0.

So is the pajeet government or blame for today's crash?

>>7178939
Hasn't bitcoin been going down for like, the last month straight?

When did India announce whatever they did?

>>7178801
the toughest, smartest, and most evil guys i knew in college got jobs on wall street. they are not good people.

>>7178687
Thanks, but can't find anything about tomorrow anywhere.
>pic related

>>7178915
whoa whoa whoa there hoss...what you are describing is a ponz----

>>7176976
It's going under $1000... better buckle up.

>>7176500
WILL THE SNAKEY WAKEY?? OR WILL THE SNAKEY SLEEPY?

>>7178864
X axis: buy/ sell price
Y axis: order volume

You can identify buy (green)/ sell (red) walls, cliffs on chart
And it looks like there are none, maybe there's a weak one at 8k?

>>7176806
Lite coin.. hahahahaahahajahah holy fuck thats the richest thing ive heard holy fuck good one anon thank you i was having a rough day

>>7179141
thank you for taking the time to explain this to me

>>7179130
>1 minute candles

>>7176687
>>7178083

>>7179130
Pop snakey

Meh, here comes the climb.

Cancelled my short and will re-enter with profits when we reach $9.5-9.7k

Is the dip caused by south korea banning crypto trading or is this the bubble bursting?

>tfw put my first 50 bongcoins in to bitcoin last night thinking i could take advantage of the meme january dip

i bought 100$ of btc @13k

i’m down like 40% but who cares it was gambling money anyway. if it drops to like 4k i might buy a bunch. either that or go with ETH

>>7179610
I can tell you're a gambler going in without a bigger plan than that

>>7179020
I am having a quick look for you now.

>>7179664
desu btc tech isnt special, it was just the first. im more interested in smart contracts moving forward

>>7179834
Why are you even in BTC if you think it's a dumb investment compared to ETH?

>>7179610
wow $100. really?

>>7179077
thats actually not a ponzi scheme. a ponzi is paying old investors with new investor money. not an exchange of tokens for usd. different thing.

>>7179020
my bad - last trade is 26th Jan and settlement is 31st Jan.

>>7178362
kek same. been waiting 2 months.

No one wants fucking Bitcoin since late Dec/early Jan. Don't be deluded.

It's time.

>>7176714
godspeed, anon.

>>7180488
Soon the rightful king shall sit on his throne.

>>7176921
kek

>>7179610
woah $100 damn dude thats insane

>>7178146
Whatever you do, never sell on a day like this. Always wait for the bounce

>>7179963

btc is like AOL in 1995. it will be relevant for a while until something better replaces it. i bought it and it started dropping so i just decided to hold and see what happens. its 100 dollars it wasnt enough for me to even sell and try to get an altcoin

>>7181179
I thought so as well. But it seems the usual rules don't apply. There is no real bounce. Just slow and painful bleeding to death.

>>7180488
fuck this website
all i can see from this graph is picrelated

you'll be safe with ethereum

>BTC will hit 50,000 before the end of the year he said

HAHAHA

How many times do I have to tell you?
Bitcoin is going to $1000.

There are alternatives that are better in every way.
Ethereum being the most notable.

Lightning is garbage and will not save BTC.

>>7176500
S

>>7182325
>lightning is garbage
i know your on the left

>>7182307
Bitcoin can still hit around 6000 and still be on with MacAfee's projections for 1 million by 2020

>>7182474
>lightning is garbage
but it is

>>7182474
Lightning is modeled like the banking system is.
Do you know the fundamental property of the banking system?
Banks are allowed to loan out 400% money more than they have. can't do that with btc.

To have any liquidity, you must have an account with a central hub that owns your key.
Otherwise you'll be limited to spending 1/15th of the median channel size, or roughly $66, based on the very generous idea that people will put 1/3rd of their bank account worths into the LN network.

Customer acquisition costs are insanely high for LN.

IT WILL NEVER WORK.
remember this when BTC crashes, maybe next time youll listen to a non-brainlet.

>>7182307
>BTC was $1k this time last year
>now it's $9k
>anon still thinks it doesn't have another 9x in it

>>7176500
I'm interested in BTC but honestly I won't buy in until it's below $500

>>7182078

>>7183020
kek

>below $500

Kek what? It won't go below $5K

This whole thing was because an exchange was artificially inflating the price, but not by THAT much.

The rise up to $1k at least was fairly organic. The hype and renewed belief will keep it at $5k and it will probably go to $15k soon after the bitinfinitex bullshit goes away

>>7182325

>1% inflation coin

lolno

>>7183020
kekek

>>7183020

what does that mean?

>>7182970

>skeletonsittingatdesk.png

GUYS DO WE SELL OUR ALTS?
WATDO
HODL MEME?
SELL BUY THE DIP? AHHHHHHHHHHHHHH

>>7184430
What the hell do you think it means?

>>7177025
>surely stocks and bonds aren't in a huge bubble and are safe

>>7183603
>>7183020
>>7182970
>>7182325
Chicago futures settle friday, it is their time to obliterate the market. So they can win their bets

So, this is the currency of the future...

why won't /biz/ get into CFDs? the leverage is like 10:1 on relatively stable and predictable shit like oil depending on your broker, I got in around august and already made a couple grand

>>7185485
I would be like 10 grand up from november if I didnt use CFD's to trade crypto lmao. I used plus500 like a retard and traded the cryptos on there and I bought £500 worth of ripple at 20 cents rip