It's unironically over

1. Pump volume from about a day or so ago was pathetic and weaker than not only the dumps that preceded it but the dump that just happened / is ongoing.
2. There was zero momentum following what was basically the only pump we've seen in days / weeks. Volume dropped off immediately and we went almost perfectly sideways until dumping.
3. Prior pump was followed by incredibly obvious and strong bearish divergence.
4. RSI on all time frames longer than and including the 2 hour show that there is easily room for another $250 or so drop in the near term. And BTC has shown a willingness to achieve record low RSI regardless (which it has done twice now).
5. Shorts at reasonable levels, eliminating the possibility of a short squeeze event like the one in April. Longs still quite high, incentivizing market makers to push the price down farther.
6. A month of pretty good news did NOTHING to stop the dumping, and it's only a matter of time before the next major FUD event.

Face it, it's done. Once we pierce about $6800 or so and invalidate the triple bottom theory the dump will be absolutely massive.

Attached: burns.jpg (650x360, 33K)

I'm sorry sir. But if the price drops to 6.850, we can't mine and we will spend all the money earned selling our btc to buy hard. And our fid bags are very big.
When all of you know how we are communicating, it will be funny. Ever in front your eyes.

We need to get the quick rich idiots out anyway. To many people waiting for the next run for "massive gains". And dude idk get rich quick LMAO.

Once they panic and sell the market will have time to recover, still to many moon posts of normie bagholders. They need to go.

i'm beginning to think you are right user, i dont like where the market is going the last weeks at all....

over a billion fake USD in tethers in the market this month and it still can't save bitcoin

Not with Finex/Mex/CME/CBOE manipulating this shit into the ground

>But if the price drops to 6.850, we can't mine

Ever thought about its because of a litte thing called o v e r s a t u r a t i o n. Jesus christ you nerds are stupid. You can't just start some shit and expect it to be profitable. "but sirs bigmacs can't be cheaper than $80 dollars or else these 15 mcdonalds on the street will lose money"

You don't understand the game. We hold the price because we are investing in it. If prize drops it'snt a problem, then we stop machines and buy with previous profits. Not is so dificult to understand. Your MCs words game, if i spend 7000$ to grow a cow and sell it for 15000$ hamburgers, if hamburgers price drops to 7000$ i dont sell my cow, i eat it. we are not going to sell at 2 thats cost 3 make.

short 100x cant fucking wait user

Hablas ingles, señorita?

it's not ironically over, it's just going to go lower and bottom out and then we'll see a reversal of the recent trend on the 6th, just like every month.

Fuck that 6 meme. It's not going to happen

Well, this was the greatest redistribution of wealth.

Attached: greatest redistribution of wealth.jpg (768x576, 67K)

Holy fuck, actual whale miner confirmed.

Wall St. quarterly bonus checks coming soon too!

what do you korean think about icon

Lol fucking idiot.

Why would miners buy supply? It literally gives the guys mining for $2k a free gift and if the price drops again (it will) miners generating expensive BTC will simply go bankrupt. We need supply to drop off. No more cheap BTC introduced into the market.

Faggot, “get rich quick” is the only reason 99% of people are in crypto. They saw a few nerds get rich mining thousands of Bitcoins for pennies and now want their chance. Otherwise what’s the point when you could be trading stocks and bonds and not dodging scams like a mine field in crypto.

Wait until the next student loan season... where do you think last years bull runs money came from? Time to turn freshers week into crypto shilling week.

ok, glad to know all miners are willing to re-invest and none of them will take out any actual profits kek

These idiots think they’re part of some cartel like BCH. There’s way too much competition mining BTC and cheap third world shops that can mine for far less than the EU and SK.

>He doesn't know bitcoins price is *entirely* manipulated

I don't know if bitcoin is going up or its going down, but I know for sure it isn't going away because it's too useful for manipulators, it's the perfect tool to pump and dump on normies (including biz) and thats why all these companies are investing in it.

You try and get some instagram thot to open a brokerage account and buy ETFs with 7% annualised returns. Meanwhile all we need is for some capital to pump BTC, MSM to start shilling, normies buy, it dumps, Wall St & Co get rich. You don't kill the goose that lays the golden egg.

Look at the buy / sell volume. It wasn't even a pump. People just stopped dumping the shit out of BTC for a few days and the price recovered.