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/biz/ - Business & Finance

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17292274 No.17292274 [Reply] [Original]

why did the market decide that bitcoin is $1000 less valuable than it was 3 days ago?

>> No.17292290

>>17292274
>why did the market decide that bitcoin is 3500$ more valuable than it was 40 days ago?

>> No.17292300
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17292300

>>17292290

well?

>> No.17292301

Could be just offloading to average down. If it's pumped sharply after I think that could indicate higher likelihood of the aforementioned being the case. Your question requires a lot of research to accurately answer. I'm still in BTC only for the time being.

>> No.17292304

>>17292274
because the automated positions got triggered by some price action, which caused a small dump, which caused some stop losses, which caused some more dumping, etc.

>> No.17292310

Because of the clever exploit of an ethereum smart contract loan Ponzi.

>> No.17292328
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17292328

>>17292274
>the market