/biz/ - Business & Finance

[Anonymous No.14359531]

$11,700 was breached for a split second before sliding down a little again.

[Anonymous No.14359539]

>>14359531
P R I N T E D

[Anonymous No.14359581]

reeeeeeeeeeee ill have $3000 more to invest in 4 days DUMP DUMP DUMP

[Anonymous No.14359658]

>>14359531
This dump is going to rape /biz/‘s soul

[Anonymous No.14359681]

>>14359658
Unironically this

[Anonymous No.14359696]

>>14359658
There will be NO DUMP, cunt. 10,000 is the new unbreakable support level.

[Anonymous No.14359707]

>>14359531
12k eod

[Anonymous No.14359714]

>>14359658
show us your short then, watson

[Anonymous No.14359740]

11,700 is major technical resistance from last year. If breached, technicals indicate 14,000-15,000 is the next stop.

[Anonymous No.14359741]

>>14359714
Of it breaks 12k I will add more immediately

[Anonymous No.14359763]

>>14359658
>>14359741
F

[Anonymous No.14359772]

>>14359741
KEK you're gonna get rekt soon little bitch

[Anonymous No.14359784]

>>14359741
F

[Anonymous No.14359798]

>>14359696
sure it is

[Anonymous No.14359851]

>>14359741
im a brainlet. but coudlnt this larpping faggot just close this bid right before it hits $20364? its still a long way to go.

[Anonymous No.14359858]

>>14359531
Did someone say if I sold now I can triple my stack Ina couple months???

Count me in

[Anonymous No.14359878]

>>14359740
I thought it was 8500. Are you just saying that bullshit because we are close to break 11700?

[Anonymous No.14359987]

>>14359878
$8500 was also a technical resistance. High VPVR at 11,700 then nothing till 20k.

[Anonymous No.14360832]

>>14359851
$20364 will be his margin call (15~% left)

[Anonymous No.14361237]

>>14359740
Only non-brainlet here, 11.7-12k is the major makeorbreak. If we go past 12k, were gonna test 20k.

[Anonymous No.14362054]

>>14359798
We are off the right end of thisngrpah. We are past the return to mean.

[Anonymous No.14362073]

>>14359878
You have to look at the chart that shows 2-3 past years. After 20k popped and fell, the 11,700-12,000 was tested 3 times.

[Anonymous No.14362088]

>>14359741
you gonna get rekt son
you're fighting the ocean, they can just print USDT and pump the price forever

[Anonymous No.14362183]

>>14359878
After $20k sell of low hit $6,000, then three weekly highs:
11,786
11,565
11,701

It’s a major resistance if you believe in technical analysis.

[Anonymous No.14362208]

>>14362088
So what exactly is the relationship between this tether coin and bitcoin? Isn’t tether a scam coin?

[Anonymous No.14362252]

>>14362208
you seriously don't know what USDT is ?

[Anonymous No.14362447]

>>14362252
I only know 1 USDT is supposed to equal $1. And they are accused of ‘minting’ coins that aren’t backed to exchange for BTC.

If you can’t prove it’s backed by USD why do exchanges accept it and hold it? Seems risky?

Sounds like it presents a major risk to bitcoin and confidence in bitcoin if tether is a fraud but buying bitcoin.

https://ethereumworldnews.com/is-btc-being-manipulated-tether-accused-of-minting-millions-of-dollars-in-unbacked-usdt-to-artificially-pump-btc

[Anonymous No.14362474]

>>14359851
Imagine thinking I was larping

Kys poorfag

[Anonymous No.14362527]

>>14362447
>Sounds like it presents a major risk to bitcoin and confidence in bitcoin if tether is a fraud but buying bitcoin.
you don't say ...

[Anonymous No.14362588]

>>14362447
So basically Tether is a coin that is supposed to equal $1 USD on its exchange. They print more Tether when the price of BTC to USD goes up because they have more "value" of USD on their exchange they need to "back" with Tether.

Say you have a deposit of $100 in speculative assets on an exchange. That is backed with $100 in Tether, which is supposedly backed with $100 in USD. But what they're accused of is backing, say, 30 Tether with $1 worth of the same speculative asset you are invested in instead of $USD. The idea is that you're supposed to be able to cover all transactions on the exchange with just Tether and USD so there is no chance of people being wiped out if the market crashes.

[Anonymous No.14362601]

>>14362447
from what I understand the same people who are at the top of Tether are at the top of a variety of different crypto exchanges (including bitfinex). According to them, each tether token is backed by real money - but in theory they could just print a fuckload of tokens, say they're all backed by fiat, and then buy a bunch of btc using those tokens that may or may not actually have value.

I'm sure I'm fucking up some portion of that but yea, it's not a good system

[Anonymous No.14362714]

>>14362588
>>14362601

yeah it's pretty much it

pic related is the relation between USDT market cap ( blue ) and the total crypto market cap
USDT variation have a delayed impact on the crypto MC but the relation is pretty clear

if you want to read the full page https://www.tradingview.com/chart/USDT/fHQGjpgT-R-I-P-TA/

[Anonymous No.14362775]

>>14359741
fucking saved

[Anonymous No.14362806]

>>14362714
How can we stop them? Because while I am bullish on Bitcoin and really do think crypto will be necessary in our world in just a few years to avoid omnipresent surveillance, this sort of shit kills confidence in the market. It's worse than the wildcat banks of the 1820s.

[Anonymous No.14362836]

>>14359531
11888 now

[Anonymous No.14362917]

>>14362806
they are being judge next month for this reason
if they are proven guilty the whole market will crash, not forever but still
if they are innocent then god help us

i'm luckily to have a euro coinbase account so I'll be putting super low bids, because if peoples need to cash out fast some whale might just dump all it's coin and clean the small order book on the euro pair