Bitcoin
Bitcoin
Out of context: Reply #2093
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"Deutsche Bank Analysts: ‘Bitcoin’s Value Is Based on Wishful Thinking’
Deutsche Bank analysts suggest that Bitcoin’s value was based on wishful thinking, soon after the cryptocurrency plummeted in price."
https://decrypt.co/71629/bitcoin…
p.s. it's down again to $37K...
- Next week.. Deutsche bank buys bitcoin. https://www.reuters.…shapesalad
- Pretty sure these big banks are only offering tools for clients to bid on BTC, not directly buy********
- also pretty sure these drops in price and very high volatility are because there's no real liquidity in the market and any large sell order disrupts the price********
- then makes you think, where all the real money invested go? hmmm********
- real money? you need to do some research on where your money comes from: a balance sheet controlled by a private entity.uan
- You don't know where the money goes? It goes to the people who sold for profit, obviously.monospaced
- That's the thing about liquidity. There might be only one buyer at 50k. When they aren't buying. The price falls until someone else will buy.monNom
- In the stock market, there are all sorts of mechanisms to guarantee liquidity. Btc, it so much.monNom
- @mono so who ever matched Elon's $1.5B buy order withdrew all that cash from the system? We were talking about volatility = lack of liquidity hello!********
- ^Tesla bought some 50k BTC, so a "whale" sold right? But how many whales have 50 fucking thousand coins in their wallet?********
- ^over 90% of people holding bitcoin have less than 1 coin so who are the people selling billions in bitcoin and where the money goes?********
- don't you people research all these questions? Or you just gamble hoping it will go up and that's that, not having a clue how it all works? honestly curious...********
- @mono again, how do you explain the huge spreads going on these couple of days? Over 1000 spreads?! 5-10 points spreads are huge in trading, but 1000x that?!********
- Again, IF there are tons of whales with thounsands of bitcoins HODLing, who the fuck sells? regular traders don't affect markets, so then who does? exchanges?********
- OMFG, it doesn’t come from one wallet. It’s the damn exchange that handles. That’s their business. It always finds buyers and sellers in an active market.monospaced
- Regular traders DO affect markets. Just on a smaller scale, but it is regular traders that obviously can do a ton when they act together.monospaced
- They proved that recently, but it’s always been like that. For each whale there are a million regular people. It works out.monospaced
- @mono the whole point was that there aren't a million regular people! if this was the case, the orders/spreads/volat... would be low********
- @mono based on what you say, if millions of idiots were contributing cash to the pool daily, then the volatility would be way way lower! Obviously NOT the case********
- Anyway, the idea was you're putting cash in hoping you might get some cash out...
Good luck hoping lol******** - it's at $36K now btw!********
- Make that $35K********