[ 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: 41 KB, 512x512, haveIbeenscammed.jpg [View same] [iqdb] [saucenao] [google]
21531355 No.21531355 [Reply] [Original]

>BTC pumps
>LINK dumps

Explain

>> No.21531419
File: 148 KB, 312x380, 1597582547945.png [View same] [iqdb] [saucenao] [google]
21531419

>> No.21531488

Link takes in new money through memes and then gets turned into BTC and ETH by whales, not the other way around. How have you not realized this?

>> No.21531540

>>21531488
nice digits, but why do the whales want btc or eth?

>> No.21531624

>btc pumps
>link crabs
>link/btc dumps
>people who trade link/btc sell link
>supply overruns the demand
>link/usd dumps

>> No.21531681

>>21531540
Believe it or not, BTC really is the king. It is not going away. It is the surest bet in crypto and will always go up long term. In a bull run, BTC leads the way.
ETH is the most sure bet for altcoins, as the settlement layer for an absolutely massive ecosystem.
Chainlink is a startup with a bright future, but it is still speculative.

>> No.21531853

>>21531355
BTC, ETH and LINK almost never pump/dump at the same time anymore because large amounts of money are shuffled between them

>> No.21531983
File: 253 KB, 680x383, chkd.png [View same] [iqdb] [saucenao] [google]
21531983

>>21531488
checked

>> No.21532054

>>21531488
But this would mean investors do not want to accumulate Link, doesn't make sense since it is going to $1k

>> No.21532174

>>21532054
Who says link is going to 1K? Memes? Memes don't decide where the market is going, whales do.

>> No.21532311

Why hold a meme coin when the king is pumping

>> No.21532314

>>21531853
Only correct answer in this thread so far. If you haven’t noticed the pattern and the dance that these 3 coins do with each other you are ngmi

>> No.21532321

>>21531355
>be boomer
>call broker
>tell him to buy that fancy new internet money
>fast forward 2 weeks
>check stock tickers in the morning paper
>BTC down -5%
>immediately call broker and order a market sell on bitcoin (ticker: BTC)
>remember to stay away from such volatile instruments
>forget about all of this due to dementia
>repeat cycle

Now imagine there are millions of demented boomers with hundreds of thousands in their bank accounts. When BTC drops, boomers exit en masse and cryptowhales swin in to prop up BTC price. Whales have to sell alts to do this, so alts drop. This whole industry is literally at the mercy of boomer mass psychology and that will never not be true, because they sure as shit won't try to learn about the potential of crypto. They have no faith, lots of money and poor memory. It's the perfect cocktail for weak hands.

>> No.21532361

>>21532174
>>21532311
You arrogant boomers will hang once singularity comes

>> No.21532388

>>21532314
This.

>>21531853
/thread

>> No.21532398

>>21532361
>Implying I don't hold link
I'm just explaining how this market works.

>> No.21532464

>>21532321
I unironically know boomers just like this that have on MULTIPLE occasions bought Bitcoin then lost the wallet because they don't bother to save the private keys & they upgrade their computer every 3 damn months so it looks shiny. It's mind boggling how much of the supply is effectively just lost to boomer retardation now.

>> No.21532763

I wonder?

>> No.21533149

>>21532361
>singularity
>doesn't run on the bitcoin standard
Cope harder

>> No.21533459

I just swung my linkies and got an extra 20! Feels so naughty