[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 88 KB, 300x300, 1588282215470.png [View same] [iqdb] [saucenao] [google]
18984222 No.18984222 [Reply] [Original]

Serious question. How does this across-the-board drop happen on most coins at once, on Saturday night/Sunday?

Who is doing this? Algos?

>> No.18984266

It's a mixture of algorithms and panic selling. There's a lot of scripts set up to auto buy and sell based off a variety of factors.

>> No.18984290

>>18984222
everything has a BTC pair

>> No.18984301

>>18984222
Exchange cartel

>> No.18984303

theres an ai god that lives on all the blockchains and hes in control

>> No.18984336

Both bots, exchanges manipulating the price and panic sellers.
They all play against you.

>> No.18984361
File: 18 KB, 326x232, ooooo.gif [View same] [iqdb] [saucenao] [google]
18984361

>>18984222
BUY
THE
DIP

>> No.18984371

>>18984222
Probably a whale exiting and triggering a bunch of stop loss along the way. Expect slowpokes to panic sell in about.. now.

>> No.18984445

>>18984222
don't forget that lately the stock markets have been following the crypto markets, so expect a stock dump on monday opening

>> No.18984462

Sounds about right thanks. Buy the dip!

>> No.18984473

>>18984222
Its called MAN-ip-U-lation.

>> No.18984632
File: 27 KB, 373x344, 1580124005422.jpg [View same] [iqdb] [saucenao] [google]
18984632

>>18984303
Quickly, we must chant the canticles to soothe his anger!

>> No.18985144

>>18984222
>people usually get paid on friday or weekends
>it pumps and then dumps on specific days where people either don't have money or they do.