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/biz/ - Business & Finance

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17533279 No.17533279 [Reply] [Original]

Why is bitcoin pumping?

>> No.17533283

>>17533279
so it can dump harder

>> No.17533303
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17533303

>>17533279
TIME'S UP BOBO

>> No.17533357

>>17533279
How new are you boomer bitcoin does nothing but elastic dump/pump

>> No.17533398

you didn't check the Hash Ribbons indicator on tradingview.
example: if extracting 1 ounce of gold costs 100, and the price of it is 110, it's still rpofitable.
if the price of 1 ounce of gold is 50, but mining it still costs 100, it's anti economic for the spot market. Big investors will accomulate it and wait/orchestrate a bull run afterwards.

btc was at minimum mining profitability yhis week, like it was in nov2019 and dec2018

>> No.17533433

>>17533279
youre done you fucking bobo shit

>> No.17533514

because this is a bull market and we finna go 50keoy

>> No.17533519
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17533519

Haahhahah you fell for the trap. the easiest trap of all time, muh corona muh collaps.((( ))))
low iq pleb stay poor

>> No.17533965
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17533965

>>17533279
Latest dormant btc data updated yesterday showed that dormant btc for more than 1 year increased by 400k last month(literally more than an entire year of mining after next halving).

>> No.17533976

>>17533519
"return to normal"

>> No.17535363

>>17533279
corona has been defeated

>> No.17535388

>>17533283
bobo, it dumped so it can pump harder. See you at 11k

>> No.17535394

us stock market didn't shit the bed even though 2 people died over the weekend

>> No.17535404

>>17533965
delet

>> No.17535428

Imagine being as retarded as the OP

>> No.17535449

>>17533279
Bro Corona Virus is cancelled bro, EVERYTHING is pumping. Fuckin all crypto, fuckin stocks, the damn metals markets, futures is up. Bro people blowing off all those dead chinks nobody cares bro, Trump just doing MAGA magic all markets straight moon.

Bro we don’t need other countries so who cares if they die? USA USA USA!

>> No.17535491

>>17535394
Hey look at this retarded.
>imagine thinking the market would shit the bed because a whole 2! People died