/biz/ - Business & Finance

It was $9900 1 hour ago, and before that $10k 2 hours ago, What the fuck is happening?

>>6582391

bitconnect scam and the ripple downfall has led to a panic dump of the hufe masses of normies on all exchanges.

The market volume is shrinking, all coins are red, BTC suffers massively.

Just because there are people who put in their live savings to make some "lambos in a week".

These people turn the whole crypto into a bubble.

I'm happy that the market shakes off these pussyhanded normies and we can start trading properly again in a week or two.

>>6580436
>>6580431

>muh bear market, muh big dip!

you don't even take the huge influx of pussyhanded normies into consideration, who sell after they see -1%.
ripple was hyped artificially because of the media attention it got, masses of normies pumped it to 3$, they ALL got burned and obviously cash out to do some damage control.
Same with bitconnect.

People who shouldn't trade, trade.
And they are the reason for the huge volatility we see now.

pic related, your typical dumbass who pumps and gets dumped on.

As soon as the market shook off these pussyhands it will recover.

Now that BTC is at 10k, the Bitconnect ponzi is collapsing. They closed their site and are gonna spend all the money on Thai brides. Grab some popcorn, this is gonna be better than Tron.