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/biz/ - Business & Finance

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11974981 No.11974981 [Reply] [Original]

Why was the market going sideways for like 6 months between 6k-7k and then all the sudden a 50% drop in a couple of weeks?

>> No.11975172
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11975172

>>11974981
Faketoshi and Ver cashing out massive amounts of BTC to fund their childish hashwar, triggering a bunch of stop losses, resulting in a long squeeze, normies wake up the next day and panic sell everything. Only rational explanation.

>> No.11975182

Jews paying whales to dump extra hard.

>> No.11975196

>>11975182
>buy btc otc at current price to prevent driving price up
>dump the btc
>repeat

>> No.11975211

>>11975196
>thinking that OTC trades are somehow outside of BTC's supply/demand curve

>> No.11975214

>>11974981
The same reason no institutional investor will every touch crypto. Because it's completely manipulated.

>> No.11975216

>>11975196
No you missed the whale anon post a few days ago where he told us, they got paid cold hard cash to dump.

>> No.11975256

>>11974981
Someone was trying to hold the price up. I think it had something to do with the upcoming ETF and bitcoin needing a market cap of 100 billion.

Bcash hash war fucked everything on purpose because they knew it was gg if BTC got the ETF.

>> No.11975269

>>11975256
It was coinbase

>> No.11975272

How this people cash out without IRS tear their asses?

>> No.11975294
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11975294

>>11975216
>spend all day on biz
>still miss threads

>> No.11975366

>>11975172
fbpb

>> No.11975387

>>11975216
what? why?

>> No.11975443

>>11975387
mi6 operation

>> No.11975472

>>11975443

Yeah, it's always the british scheming behind everything.

>> No.11976407

>>11974981
Somebody sold with the aim of depressing the price. Don't know who or why but
>BTC was dumped around the time of the BCH fork to feed the credulous cashies' conspiracy theories
>BTC was dumped around Thanksgiving to maximise effect/take advantage of low volume
Whoever it was, they weren't selling to cash out. Therefore, they were likely selling to buy back lower. If they want it, it's because they think the price will rise

>> No.11976590

>>11975387
Delusion

>> No.11976609
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11976609

>>11974981
the 50% drop was capitulation after the $6k "floor" broke, it's unironically only upwards from here. bears late to the game will get rekt