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/biz/ - Business & Finance

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7585710 No.7585710 [Reply] [Original]

>According to data collected from Bitinfocharts.com most of the 100 richest BTC addresses haven’t lost any money during the last 65 percent dip — In fact, their stacks of BTC increased exponentially.


http://www.bitlex.win/2018/02/the-65-percent-price-dip-has-made.html

>> No.7585735

Thank BitMemex for that

>> No.7585759

B-but it's going to 0, why would they buy a coin that's going to be worth nothing?

>> No.7585781

>>7585710
damn that's really impressive. "muh whales" feels like a meme half the time but some of those guys are monsters

>> No.7585833

>>7585710
Literally a who website

>> No.7585872
File: 715 KB, 964x532, Whale44.png [View same] [iqdb] [saucenao] [google]
7585872

>>7585833
Found on Reddit

>> No.7586037

low sellers btfo

>> No.7586332
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7586332

How the fuck did they not lose value? Everything went down.

>> No.7586353

>>7586332
they sold the tip and brought the dip

>> No.7586372

>>7585710
Aren't most of these exchange addresses?

>> No.7586420

>>7586372
Many are, but not all

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

>> No.7586446

>>7585710
Buy high sell low

>> No.7586664
File: 12 KB, 203x200, 1393796383102.jpg [View same] [iqdb] [saucenao] [google]
7586664

>>7586353
This, they are the ones driving the price down selling obscene quantities of BTC then buying cheap once the snowball stars rolling

>> No.7586818

You dumb fucking weak handed nigger faggots
I just wanted coke and hookers
I FUCKING HATE YOU ALL

>> No.7587039

Lol, and some retard here said the other days "whales lose money during the crashes just like all of us"
My ass, THEY are the ones crashing it to buy the dip they generate

>> No.7587409

>>7585710
>exponentially

This word does not mean what they seem to think it means.

>> No.7588108

Anyone paying attention to Bitmex knows that whales have been double dipping the entire fucking time.

>Lock in short position
>Market dump BTC
>Lock in long position
>Market buy BTC

>> No.7588130

>>7588108
And it's so fucking transparent. You'll see a $5M long position, and you just know you're about to witness some fucker market buy BTC for a few million to cause a short-term pump.

>> No.7588203

>>7585781
I wonder who these guys are that leave millions of dollars in one single extremely volatile digital asset.

>> No.7588247

>>7588203
Your implication is that it's a dangerous move. However, they are having wild success. Perhaps your risk management is too tightly tuned.

>> No.7588265

>>7585710
That's just a beautiful whale!

>> No.7588270

>>7588203
Ideologues who have cashed out enough to live a more-than-comfortable life.

>> No.7588288

>>7585759
The more coins they hold the more they can manipulate the market and milk retarded redditors for their cash and the more cash they accumulate the more coins they can hold for market manipulation purposes.

>> No.7588386

>whales cash out or tether out and then buy the dip
STOP
THE
FUCKING
PRESSES!!!

>> No.7588450

>>7586332
They are smart unlike you anon

>> No.7588613

>>7586353
then it would be on different addresses moron.

>> No.7588638

>>7588130
And it begs the question - why is everyone speculating and using TA when they can just follow the public addresses of the whales to get an idea of where the market is headed?

>> No.7589149

>>7588638
That would be too intelligent for this board

>> No.7589175

>>7585759
exchanges?

>> No.7589437

You act like all whales are some smart creatures but they're just people like us.
Remember the guy that sold 30000 BTC at the bottom for $300 each because he panic sold then bought high again when it went to $1000?

>> No.7590205

>>7586818
kek has no mercy for greedy anons who short the bottom like you

>> No.7590534

>>7585710
>http://www.bitlex.win/2018/02/the-65-percent-price-dip-has-made.html
But the first 100 adresses are exchanges, if not the first 500 addresses (splitted up)? Aren't they?
Why the media always say each adress belongs to a unique person.

>> No.7590615

>>7590534
Oh and also add: There may also a lot of more adresses then people. So you cannot say X BTC and you are in the top 1%. Top 1% of what? People? No.
Really a poor wrong "study".

>> No.7590734

>>7585710
Because those wallets belong to exchanges.

>> No.7590780

>>7589437
Agree it's not about being smart it's just easy for them because they have so much.

>Have 120,000 btc price starts to slide
>sell 20k at around $13k when dip is confirmed
>use money to buy back in at $6-7k

End result = a fuck ton more btc with barely any risk took because accumulated to much to care.

It's like playing sim city or those theme park games, you get your city/park perfect so no matter what you do it all just makes money.

>> No.7590788

>>7588203
If I had 300,000 bitcoins I only know what the fuck I'd do with 1000

>> No.7590826

>>7585710
tldr: retards sold