/biz/ - Business & Finance

[Anonymous No.10114993]

https://twitter.com/realpauleverton/status/1013607331874029568

Crypto volume is dead. The only remaining volume is coming from wash trading bots and manipulators. Retail is at its lowest point in over a year

[Anonymous No.10115034]

We know. We are all living this reality

[Anonymous No.10115070]

>All those angry retards who lost their money mad he's telling people the truth of what's going on

They're goddamn delusional if they think volume isn't dead

[Anonymous No.10115074]

>>10114993

kek

only whales manipulating deluded bulls

[Anonymous No.10115631]

>>10114993
When the price goes down people stop buying because you can wait to buy in lower. The price is too low for anybody to sell too, so nobody gets to buy in lower.
Look at how every bear market on that chart ends. It ends going sideways. It's a stand off where nobody wants to buy anything or sell anything.

[Anonymous No.10115838]

>>10115631
this anon gets it

[Anonymous No.10115851]

>>10115631
a 7-year stand off, delicious, kek

[Anonymous No.10115856]

>>10114993
and volume wasnt dead before the last byull run? shut the fuck up paul everton u fag, u just have a short position open on bitmex and go around fudding, kys

[Anonymous No.10116071]

>>10114993
I've wanted to do this for a bit so I (crudely) updated this chart to include up to today.
I've overlaid 2012 -2018 in orange. You can see the original green for 2012 underneath to see how it matches up and I've included new year to year price changes

[Anonymous No.10116092]

>>10116071
so no moon until 2021, Got it.
I thought i missed the train

[Anonymous No.10116096]

here's what's really going on

although as btc has limited its adoption to 1mb per 10min bch will take up this exponential trend

[Anonymous No.10116102]

>>10116096

[Anonymous No.10116104]

>>10116071
so we spend 2014-2017 under the line, then barely blip over it a tiny bit only at the peak of a mass parabolic bubble, only to immediately crash under the line again
where's the sustained bubble above the mean line like 2011 and 2013? is that the coming fabled golden bull run?

[Anonymous No.10116154]

it's a non-linear regression, which means that the price data was used to determine a log trendline (rather than a polynomial fit or a linear regression). for science analysis, it can be very useful. for example, regression can be used on data sets to determine the rate of acceleration caused by gravity. that is because the acceleration of gravity is guided by natural laws that govern the universe. the pricing of bitcoin does not follow any natural law of the universe in the way that gravity does. the trendline is not a predictor of future price. your observation that the data doesn't stay near the "mean line" should tell you that

[Anonymous No.10116164]

Why do people think these coins will still exist? the most common trend of 2018 is big companies exploring block chain but not using these already existing cryptos at all.

unironically all of these coins except btc and eth are completely worthless

[Anonymous No.10116167]

>>10116104
>>10116154
meant to reply to this guy. these log charts aren't as bad as the ta memeline charts, but they are worse because they're just flashy ways to beg for bitcoin with pseudostatistical analysis

[Anonymous No.10116200]

>>10116154
don't believe his lies
the universe is deterministic
the bubble chart and the exponential adoption curve completely explain bitcoins price with the caveats
gold is the unit of value not the usd
bch is bitcoin

[Anonymous No.10116238]

>>10116164
We know, you're not telling us anything new. Speculating on shitcoins isn't something that's come about the last couple years. There are 100s of shitcoins from 2012/13 that don't exist anymore just like 99% of the shit now will cease to exist in a few years time.
But speculating on markets isn't new either. You can jump on any countries stock market and find thousands of equally worthless nanocap/penny stocks listed that are being traded daily. 0.1% go on to become a genuine trade, the coveted "10 bagger". The rest evaporate. Crypto is no different and will continue to be traded the same.
Shitcoins don't invalidate the market or the technology anymore than penny stocks would invalidate the share market.

[Anonymous No.10116265]

>>10115070
Yeah, volume was TOTALLY dead in OCTOBER 2017. Look at the chart linked in OP's post, he's claiming that volume is dead when its really about the same as it was pre-December mega pump 2017.

[Dark Wojack No.10116287]

Dead volume may signal a spring because liquidity is at its lowest. Not saying we will spring from here, but low volume says little about the state of a market. You will see a reversal on any stock at the point of lowest volume.

[Anonymous No.10116476]

>>10116164
Look into origintrail

[Anonymous No.10116500]

>>10116071
>>10114993
This chart was always dumb. Log regression on a log scale is the same shit as linear regression on a linear scale. You get the SAME squared residual value. Literally the same thing as drawing a straight line of best fit on linear scale. Not to mention all points past the data will have a HUGE variance as new data points are added. Predicting further than 1 day with that chart is retard tier.

[Anonymous No.10116844]

Close to capitulation. Now the rest of the retards just need to sell and we will finally hit despair.

[Anonymous No.10117394]

>>10116092
May 25th 2020

[Anonymous No.10117416]

>>10114993
Wait for capitulation with high volume, then btfd

[Anonymous No.10117473]

>>10115070

Twitter is where all crypto salt is mined.

[Anonymous No.10117497]

>>10117394
THIS.

[Anonymous No.10117702]

i guess apple and their iphones are dead too. quick short $AAPL

[reluctant kneepad girl No.10117775]

uhhhh
updated july :3

[Anonymous No.10117784]

>>10117702
People still use iPhone, I know its big in America because they are retards but in the rest of the world?

[Anonymous No.10117792]

its dead boiis

[Anonymous No.10117825]

>muh volume is dead
>muh exchanges
>muh normies left

What part of the the rich are trading OTC and normies dont matter you dont get?

[Anonymous No.10117896]

>>10117784
ffs, why do i always have to spell everything out to summerfags:
op is implying that just because coinbase and binance are at year-low on google trends, that means that crypto is dead. iphone searches are also at year low. basically everything is at a year low, because its fucking summer, people are not googling as much, they are having vacations and fun outside.
apple isnt dead, coinbase and binance are not dead and cryptos are not dead.

[Anonymous No.10117928]

>>10117896
Trends are the indicator to sell.

[Anonymous No.10118617]

>>10114993
guess you can say that guy is short. good. he will loose.

[Anonymous No.10119015]

>>10117896
This is actually a good point.

You know how fractals work on charts?

Well think about how in the summer, (super NEETs may actually not be able to relate to this) you go outside all day and come back late at night as it’s getting dark, to your house where your mom has the air conditioning on full blast. Only then do you settle in, eat her casserole with your buds you have over, and finally all retreat to the basement for smash bros and internet fuckery.

The end of the summer itself is unironically a fractal for the end of one of those single summer days. Think about how as summer ends, the days get shorter, more & more data points (individual people) come home & inside to shitpost on the internet (& related activities).

This creates an end-of-summer “migration effect” where people settle inside more, spend more time on the computer as their mindset shifts to the more lazy, winter vibe and thus start hearing more about bitcoin.

Boom, bull run. I know that’s what happened with me last year, but since I didn’t go outside as much, I got a jump on everyone and bought bitcoin at $2k. From there it ballooned.