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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11220691 No.11220691 [Reply] [Original]

Why is no one talking about this, about 9:30 a.m. CDT it fucking shot up like a rocket.

XRP is up fucking 17.5% today.

What in the fuck is going on?

/BCH/ General

>> No.11220696
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11220696

>>11220691
HE IS COMING

>> No.11220792
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11220792

>>11220691
i'm selling the living shit out of this rally.

am I going to get punished?

>> No.11220806

>>11220792
I woke up at 9:00 am today too and didint see shit, 2 hours later I missed a fucking 20% gains.

I want to die.

>> No.11220818
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11220818

>>11220806
tell me about it, yesterday before bed I cancelled a 531 sell order for no reason... at least I just sold seconds ago at 536, not too shabby

>> No.11220841

There are only two guys left trading this shitcoin. Big swings should surprise no-one.

>> No.11220847

>>11220691
Known PNDS PND...

>> No.11220848

>>11220818
Im unironically a /zoomer/ and I just want to make it.

I have 25,000$ to my name and I wish I had millions.

>> No.11220866

>>11220691
Bitmain just beefing up its balance sheet for IPO

>> No.11220889
File: 1.47 MB, 300x225, 1448410424702.gif [View same] [iqdb] [saucenao] [google]
11220889

UPDATE

Its still going up

fucking 23% gains within the past 24 hours.

AAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

I WANT TO BE RICH SO FUCKING BAD.

>> No.11220900
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11220900

Pumping with zero news, gee i wonder what'll happen

>> No.11220937

>>11220900
>zero news


Bitmain IPO announcement, retard
https://medium.com/@jonaldfyookball/why-the-bitmain-ipo-coincided-with-a-massive-price-pump-for-bch-d5d338fd7cf4

>> No.11220952

all in bcash. sold my links walls coming down. 555 here we go

>> No.11220954

Sold all my Bcash 2 days ago fml

>> No.11220960
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11220960

>>11220691
BCH is fundamentally still undervalued as fuck right now. Big things are happening behind the scenes for those who have access or are especially perceptive.
The BTC protocol has ossified around an incompetent dev team that unironically believes that too many transactions are bad for a form of HARD MONEY.
For anyone paying attention the scaling war and last year's fork have been the second chance of a lifetime after the original release of the Bitcoin client in '09. We can't expect most people to get Exodus Bitcoin just like most people didn't get Genesis Bitcoin, but for the few who really get money on a deep level the market has been very kind this last year. Merry fucking Christmas, you filthy animals.

>> No.11220979
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11220979

We need to go wider

>> No.11220980

>>11220937
Why would this be bullish news for Bitcoin Cash though? All that says is Bitmain is pumping in order to increase IPO valuations since they are holding the heaviest bags of BCH imaginable

>> No.11221011

>>11220960
yeet
see you at 105

>> No.11221020
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11221020

>>11220980
If you bothered to read the prospectus you'd see that they are not valuing any of their crypto at market for the purposes of the IPO so what you're saying doesn't even make any sense.
Also
>Implying one company is responsible for a move of this volume and magnitude
Megabrainlet detected.

>> No.11221097

>>11220960

is this a copypasta?

>> No.11221125
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11221125

>>11221020
They are valuing them on a cost basis, only for reference in the IPO prospectus. That does not mean they aren’t listing their holdings in the balance sheet and when deciding IPO valuations they could easily value them at market rate nothing stops them from doing so

>> No.11221130

>>11221097
BCH is fundamentally still undervalued as fuck right now. Big things are happening behind the scenes for those who have access or are especially perceptive.
The BTC protocol has ossified around an incompetent dev team that unironically believes that too many transactions are bad for a form of HARD MONEY.
For anyone paying attention the scaling war and last year's fork have been the second chance of a lifetime after the original release of the Bitcoin client in '09. We can't expect most people to get Exodus Bitcoin just like most people didn't get Genesis Bitcoin, but for the few who really get money on a deep level the market has been very kind this last year. Merry fucking Christmas, you filthy animals.

>> No.11221138

>>11221125
By valueing them at cost basis and defining as an intangible asset it also hides the fact that they have lost 100s of millions of dollars from their bcash purchases

>> No.11221142

>>11220691
BHC is faster than XRP right?

>> No.11221173

>>11221011
>>11221130


Fucking off yourself you degenerate piece of shit.

>> No.11221203

>>11221173
Ahaha,
hahahah,

ahahahahaha.
(you) are so transparent .
bloc

>> No.11221213
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11221213

>>11221097
>>11221130
I guess it is now. You're welcome, Internets.
>>11221125
The nature of the market is such that any IPO valuation will not be based directly on the value of their crypto holdings but rather the expected future value that a subset of investors have assigned to them (and this is not likely to be market price because said subset of investors are necessarily distinct from the entire spot market).

>> No.11221271

>>11221213
How would you come up with an expected future value 5,000$ per bitcoin cash with the graph looking like a bleeding pig, would be tough

>> No.11221279

>>11221271
500,000.

>> No.11221284

>>11221142
not really. if you accept 0-conf then they are about the same (basically instant), but XRP is considered 'settled' immediately while BCH needs at least 1 block confirmation to be considered settled

>> No.11221580

>>11220818
You could have sold higher, or even now and still have made the profit. Where do you think it's going? BCH to 1.0++ BTC in a year

>> No.11221705

>>11221580
Long term, i'm pretty sure it will flip Bitcore... But as of right now, i'm pretty sure it will follow BTC's which is down. Plus i'm a gambling man, so I want to swing trade to gain even more BCH. BCH maximalists ARE going to make it.

>> No.11221829

>>11221020
The brainlet is you my friend

>> No.11222393

>>11221705
how many BCH to make it?

>> No.11222537

>>11220980
They lost 0.5 billion on failed chips and almost 0.4 during Q2. Probably a similar loss for Q3 and there's the massive bcash bag that they bought at $900.
The good news is that they secured enough funds from investors, so don't have to sell their bcash to keep going.

>> No.11222565

>>11222393
21 minimum should be ok with 10 tho

>> No.11223210

bcash lmao

>> No.11223420
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11223420

Anybody heard any nChain news?
Been mostly hearing about ABC lately.

>> No.11223443

>>11222393
In the long term, you'd be surprised. Probably 5.

>> No.11223598

>>11220691

Wow it's almost like, obvious market manipulation or something.