how much money does it take to pump the price of bitcoin like this?
Mathfags
Benjamin Campbell
Elijah Howard
$200 you fucking idiot, it says it on the chart
Ryder Hill
lmao
Joshua Ward
dur-uhhar har hur
Dominic Hernandez
>buy one bitcoin at $7000
>price pumps to $14,000
Noah Barnes
>he still hasn't figured out bid rigging
>thinks the buys and sells are real people
>doesn't realize that the casino can make the price zero or infinity in the blink of an eye
It is not what you think OP.
The casino is only playing off your emotions to get the fees.
The literally nickel and dime you to death.
You think you'll be the big hodler and win but they have the IRS waiting to fee you again.
You don't win this game.
You slave or they kick you out.
Jackson King
You fucking retarded piece of shit. He is obviously asking how much money was invested in bitcoin to cause the (fucking obvious) 200 buck price rise
Brandon Baker
Honestly op maybe a few hundred thousand
Dylan Perry
kek get baited more
as a brainlet i wish i knew wtf i was looking at when it comes to volume and pumps
Gabriel Howard
kek
Jose Ross
At this point they're just fucking with you.
Jack Sullivan
5 milli.
Nathaniel Price
Jacob Walker
IT ONLY WENT FROM 6600 TO 6800, SO IT ONLY INCREASED BY THAT MUCH MONEY
>THE ABSOLUTE FUCKING STATE OF BIZ
Connor Parker
wait is it really that small? how do you calculate it?
Aiden Powell
how? textbook inverted bart wave
Jayden Stewart
11.5mill in bitfinex alone in that 15 minute candle.
Christopher Bailey
Now the question is: how much of that volume are real transactions and how much is just selling and buying to themselves?
Noah Thompson
kek look at the bots
Isaiah Fisher
No, the real question is: Is people getting worried, or even worst, fomoing in this little green candle?
Cameron Sanders
Brandon Taylor
At the height of the bubble there was onlh a total of 20k invested in to bitcoin. Did you completely miss that? The Market cap of bitcoin has been inflated to fucking hell.
Gabriel Reyes
if bitfinex ~10% bitcoin market, then 115mill? not factoring wash trades?
Ryan Martin
Well, they'll probably be barted for a few days but if the meme triangle breaks upwards it is not the worst point ever to buy.
Sebastian Garcia
oops forgot about shorts getting rekt.
Jace Harris
EXTENDED inverted bart wave
Logan Kelly
Isn't op just asking for the volume?
Nolan Walker
the absolute state of Jow Forums
Zachary Morales
price b4 pump: $6624
mcap b4 pump: $112,375,151,375
price after pump: $6800
mcap after pump: $115,343,551,600
price change:
$6800 - $6624 = $175
market cap change:
$2,968,400,225
so now if you look at the current bitfinex orderbook, the price is at $6827. now if you wanted to pump the price exactly $175 dollars, it would have to go through exactly 1,540 BTC sell orders. to dump the price in other direction it would take selling through 1,954 BTC buy orders.
we can assume the orderbooks looked similar to this before the pump. so i am assuming it cost about $10,626,000 to move pump the price of bitcoin like that.
Brayden Long
BART analysis says a pull back to 6620.
Grayson Richardson
here comes saturday ready to give us another freak fest
Jackson Barnes
>
Find out the volume of each up bar, which are on the chart, then multiply by price.
On GDAX the big upbar had 1826 BTC volume on the 1 hour time frame.
The price is around 6800, so about $12 million dollars of trading occurred there.
That's just on one exchange.
Brayden Harris
thx
Benjamin Jones
He asked how much money it takes to cause the price to increase $200. He didn't ask how much the price increased. Stop posting.
Logan Ward
Chase Lewis
Dude I shorted and this fucked me so hard. Price rose so quickly it skipped over my stop. Tried to market close but couldn't because "the system was overloaded"
Wyatt Brown
short x50 now
Camden Lewis
about 3/8 of a soros
Blake Wright
Most of the non bot traders got out of dodge long ago... now it's pretty much just bots stop hunting.
Ethan Mitchell
honestly though, most of those buys / sells are just walls and have little intention of getting filled. if price moves too strongly in one direction the walls get pulled.