[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 213 KB, 1280x1600, 1555357035723.jpg [View same] [iqdb] [saucenao] [google]
13440599 No.13440599 [Reply] [Original]

Why isn't bitcoin crashing? Shouldn't this news send it into the abyss?

>> No.13440608

>>13440599
I'd like to plunge into her abyss if you catch my drift.

>> No.13440612
File: 318 KB, 362x542, 08751427dcb5ab2c9e20edfeea72415a.png [View same] [iqdb] [saucenao] [google]
13440612

>>13440608

>> No.13440613

We are in a bull cycle. Get with the program kid it isnt 2018 anymore. Bull cycles brush off bad news. Bear cycles brush off good news.

>> No.13440629

>bitcoin marketcap: 94 billion
>bitfinex, ranked 36th, volume: 158 million
>why isn't this 1.6% of bad news not sending bitcoin to zero?

>> No.13440638
File: 10 KB, 225x300, Intimidator-at-Carowinds-First-Drop-225x300.jpg [View same] [iqdb] [saucenao] [google]
13440638

>>13440599
Think about it. Everybody is selling off their Tether for (primarily) Bitcoin. This raises the price of Bitcoin slightly, as long as it can keep up with the selling pressure of people getting out of Bitcoin for real fiat (USD/EUR etc.). Soon enough most of the Tether will have been sold off and the price will start to collapse as the selling for fiat continues.

>> No.13440642

>>13440629
But btc is based almost entirely in usdt

>> No.13440648

>>13440629
Look at real volume. Bitfinex is the second largest exchange by real volume. The numbers on CMC are fake.

>> No.13440767

>>13440608
Explain

>> No.13440814

>>13440608
That ass is 10/10

>> No.13440861
File: 155 KB, 1125x771, 28A609C4-1832-4EBE-9787-8E3BB6A04EAA.jpg [View same] [iqdb] [saucenao] [google]
13440861

>>13440608
well said anon

>> No.13440885
File: 4 KB, 244x206, 1554182760844.jpg [View same] [iqdb] [saucenao] [google]
13440885

>>13440599
Nude colored tights should be OUTLAWED

>> No.13441515

>>13440612
Haha I get it, he’s artorias the abyss walker from dark souls

>> No.13441669

>>13440642
No it isn't. Tether is $2.8 billion total.
>>13440648
https://wallet.tether.to/richlist
Dollar deposits on bfx aren't represented with tether tokens.

>> No.13441713

If you hadn't noticed by now crypto is entirely manipulated with 99% fake volume.

It never goes up or down on any news anymore, not like before.

It's a fucking clown show

>> No.13441759

>>13440608
Drift caught
Blushing a lot
ʕ ꈍᴥꈍʔ

>> No.13442494

>>13440599
>news
hurrrr

>> No.13443143

>>13440612
Fear not the FUD my friend. And let the bull begin..

>> No.13443328

>>13440814
No its not, she has zero medial glutes.

>> No.13443361

>>13440599
People are buying coins to get out of tether exchanges. The tether news is unironically holding up the market right now, but probably not for long

>> No.13443369
File: 132 KB, 1280x720, split the atom.jpg [View same] [iqdb] [saucenao] [google]
13443369

>>13440599
BRAAAAAAPFPFPF

>> No.13443382

>>13440608
It took me a few hours because of my autism, butt I get it now

>> No.13443806
File: 943 KB, 931x1287, usdcoinforks.png [View same] [iqdb] [saucenao] [google]
13443806

>why isn't the only decentralized unconfiscatable asset crashing because some irrelevant token based upon a bankrupt infinite-debt, infinite-supply currency crashed
summer's up