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/biz/ - Business & Finance


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8786939 No.8786939 [Reply] [Original]

how much money does it take to pump the price of bitcoin like this?

>> No.8786955

>>8786939
$200 you fucking idiot, it says it on the chart

>> No.8786962

>>8786955
lmao

>> No.8786977

>>8786955
dur-uhhar har hur

>> No.8786980

>>8786955
>buy one bitcoin at $7000
>price pumps to $14,000

>> No.8786996
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8786996

>>8786939
>he still hasn't figured out bid rigging
>thinks the buys and sells are real people
>doesn't realize that the casino can make the price zero or infinity in the blink of an eye

It is not what you think OP.

The casino is only playing off your emotions to get the fees.

The literally nickel and dime you to death.

You think you'll be the big hodler and win but they have the IRS waiting to fee you again.

You don't win this game.

You slave or they kick you out.

>> No.8787001

>>8786955
You fucking retarded piece of shit. He is obviously asking how much money was invested in bitcoin to cause the (fucking obvious) 200 buck price rise

>> No.8787009

>>8786939
Honestly op maybe a few hundred thousand

>> No.8787017

>>8787001
kek get baited more

as a brainlet i wish i knew wtf i was looking at when it comes to volume and pumps

>> No.8787019
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8787019

>>8786955
kek

>> No.8787031
File: 153 KB, 1440x2560, Screenshot_20180406-223705.png [View same] [iqdb] [saucenao] [google]
8787031

At this point they're just fucking with you.

>> No.8787034

>>8786939
5 milli.

>> No.8787047
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8787047

>>8786955

>> No.8787059
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8787059

>>8787009
>>8786980
>>8787001

IT ONLY WENT FROM 6600 TO 6800, SO IT ONLY INCREASED BY THAT MUCH MONEY

>THE ABSOLUTE FUCKING STATE OF BIZ

>> No.8787092

>>8787034
wait is it really that small? how do you calculate it?

>> No.8787102

>>8787031
how? textbook inverted bart wave

>> No.8787172
File: 24 KB, 434x333, howmuch.jpg [View same] [iqdb] [saucenao] [google]
8787172

>>8786939
11.5mill in bitfinex alone in that 15 minute candle.

>> No.8787210

>>8787172
Now the question is: how much of that volume are real transactions and how much is just selling and buying to themselves?

>> No.8787275
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8787275

>>8787210
kek look at the bots

>> No.8787287
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8787287

>>8787210
No, the real question is: Is people getting worried, or even worst, fomoing in this little green candle?

>> No.8787294
File: 592 KB, 536x560, kek.png [View same] [iqdb] [saucenao] [google]
8787294

>>8786955

>> No.8787327

>>8786980
At the height of the bubble there was onlh a total of 20k invested in to bitcoin. Did you completely miss that? The Market cap of bitcoin has been inflated to fucking hell.

>> No.8787328

>>8787172
if bitfinex ~10% bitcoin market, then 115mill? not factoring wash trades?

>> No.8787351

>>8787287
Well, they'll probably be barted for a few days but if the meme triangle breaks upwards it is not the worst point ever to buy.

>> No.8787355

>>8787328
oops forgot about shorts getting rekt.

>> No.8787375
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8787375

>>8787102
EXTENDED inverted bart wave

>> No.8787443

>>8786939
Isn't op just asking for the volume?

>> No.8787474
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8787474

>>8786955
the absolute state of /biz/

>> No.8787916
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8787916

>>8786939
price b4 pump: $6624
mcap b4 pump: $112,375,151,375

price after pump: $6800
mcap after pump: $115,343,551,600

price change:
$6800 - $6624 = $175

market cap change:
$2,968,400,225

so now if you look at the current bitfinex orderbook, the price is at $6827. now if you wanted to pump the price exactly $175 dollars, it would have to go through exactly 1,540 BTC sell orders. to dump the price in other direction it would take selling through 1,954 BTC buy orders.

we can assume the orderbooks looked similar to this before the pump. so i am assuming it cost about $10,626,000 to move pump the price of bitcoin like that.

>> No.8787928

>>8786939
BART analysis says a pull back to 6620.

>> No.8787951

>>8787916

here comes saturday ready to give us another freak fest

>> No.8787965

>>8786939
>

Find out the volume of each up bar, which are on the chart, then multiply by price.

On GDAX the big upbar had 1826 BTC volume on the 1 hour time frame.

The price is around 6800, so about $12 million dollars of trading occurred there.

That's just on one exchange.

>> No.8787980
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8787980

>>8787916
thx

>> No.8788182

>>8787059
He asked how much money it takes to cause the price to increase $200. He didn't ask how much the price increased. Stop posting.

>> No.8788208
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8788208

>>8786955

>> No.8788247
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8788247

>>8786939
Dude I shorted and this fucked me so hard. Price rose so quickly it skipped over my stop. Tried to market close but couldn't because "the system was overloaded"

>> No.8788268

short x50 now

>> No.8788430

about 3/8 of a soros

>> No.8788509

Most of the non bot traders got out of dodge long ago... now it's pretty much just bots stop hunting.

>> No.8788763

>>8787916

honestly though, most of those buys / sells are just walls and have little intention of getting filled. if price moves too strongly in one direction the walls get pulled.