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/biz/ - Business & Finance


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4991811 No.4991811 [Reply] [Original]

So, it basically works like this:
>Bitcoin shoots up until it hits a huge sell wall
>Network gets congrested because ppl are sending their btc to the exchanges to sell them
>Price is stuck
>People want to make more money and jump over to alts, also the btcs arrive slowly
>Price tanks
>Normies keep buying btc and the prices slowly goes up
>alts getting rekt
>first ppl jump back to btc
>fomo kicks in, everyone trades his alts for btc
>Bitcoin shoots up until it hits a huge sell wall
>repeat

>> No.4991851
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4991851