/biz/ - Business & Finance

>>20921909
Funds are being taken out for the LINK flash pump that is planned for today.

>>20921909
they wanted to scoop up cheap linkies

>>20921909
Newfags first Bart.
Learn to sell local tops, or stfu and hold.
Yesterday everyone was proclaiming golden bull run and counting their future wealth. It was a stupidly obvious indicator of an impending selloff.

this

>DeFi bubble

https://www.coindesk.com/nearly-100-million-in-bitcoin-moved-to-ethereum-in-july-led-by-retail-traders

>>20921909
Btc sell orders placed right above 12k that affected the whole market

>>20921909
Chinks and pajeets cashing out at 11.5k because they're spineless.

>>20922042
>>20921958
Looks like people are still selling out of fear. I wonder, when all America wakes up will there be a big buy or still selloff out of fear?

>>20921909
>What the hell happened and why did it affect every crypto?

This is why I will NEVER put any serious money into crypto. Its SHADY AF and when the average person (who actually knows about cryptoes, not the real average person who knows shit about anything) can't explain why it goes up or down, you know you're in a speculative ponzi scheme. Worse still, it has spikes (oops!) and crashes (oopsies again!) that happen at inopportune times when you're sleeping (thanks for playing!)
How you kids still manage to buy into this is BEYOND ME, but you're chasing the dream so fuck me, right?
The only people making money now are exchanges ..or larpers on this site (who conveniently NEVER show their account 'profits'...just some bullshit blockfolio).
Do yourselves a favor and start to learn something like stocks that actually have some regulation, because you guys will never fucking learn, until you have move back into mom's basement.
Peace.

>>20922183
how can i move back into mommy's basement if i never left?

>>20922183
Ok Boomer

>>20922183
>The only people making money now are exchanges ..
and still /biz/ prefer uniswap pnd shitcoins over xsn

>>20921909
>why did it affect every crypto
newfag pls

>>20922224

>>20922183
This is exactly why I’m in crypto. If some whales dumping can still have this kind of impact on the price, it means we are still early enough to make ridiculous gains. Once institutional money moves in there will be far less volatility but also less money to be made

>>20922576
lmao "institutional" money is about protecting their assets not gambling them for the chance at beating the S&P. Regulations is what gives the average joe confidence in giving his money to ETFs and Funds because he knows his money will be protected by uncle sam thats why Crypto will never work as a long term investment vehicle.

The average joe is literally a braindead zombie if you idiots got out of your basements you'd realize that. People dont want to have to deal with wallets and no one to complain to when they lose their keys.

>>20922656
(((THEY)))) are dumping btc to priced out redditor from link

>>20921958
> "learn to sell before barts!"
What a fucking tardo you are-o.

>>20922183
>cope
The post

>>20921958
Yeah, except in 2017 everyone was doing the same thing at the start of the bullrun and it wasn't an impending selloff you big fucking retard

>>20922183
ahahahahahaha

yes, crypto is unfair to the regular person, join the stock market instead. pfff

>>20922754
>((they))
But it's literally just one person. Binance made an announcement about the flash crash

Lol, babby's first flash crash.

Google july 2017 ethereum flash crash.

>>20923247
Don't spread information.

>>20921909
Arthur liquidating longs to cause a cascading stop loss/margin call and make money.

>>20922183
Ok grandpa.

>>20921909
>gay pink id
>complete newfag
>simply 5% dump
>what happened?!?!?!
stop posting you retarded newfag. lurk moar

>>20922183
ok boomer

>>20922183
>Do yourselves a favor and start to learn something like stocks that actually have some regulation
>some regulation

>>20922183
Confirmed faggot. I made 50k last month off AMPL. And in general my portfolio has gone from 15k to 100k just this year

>>20921909
This wasn't the end, just get ready for the Sunday dump! This one will rattle a few crypto newbies for sure!

Binance saying it was a large single user order on BTC Sept futures. Caused a massive spike and spooked the bots.

>>20922183
Maybe you should git gud.

>>20923843
What app?

>>20923843
Lunch money

>>20923830

Could you please explain what he did exactly and why it caused the ensuing result?

>>20922000
>Btc sell orders placed right above 12k that affected the whole market
Is this a theory or is there evidence?
Also checked.

>>20923830
>Binance saying it was a large single user order on BTC Sept futures. Caused a massive spike and spooked the bots.
Thanks Anon.
Is there a press release or tweet or something?

>>20921909
Rugpull

>>20921909
It was the last CME correction. Look at the addresses of the dump and you can tell. Good news means we are not carrying anything for the GBR.

Speaking of the GBR...
Gamble on TRA

>chainlink partnership
>DAO swap about to be shilled by chico
>listing on kucoin and polkaswap imminent
>300k mcap
This is like buying RING or XOR at 300k when he shilled it going to 8 mill minimum. See you at 400 mill in 6 months comfy frens :)

>>20924350
Binance release

>>20924426
You know what if the reason to buy a coin is a potential partnership with LINK then what i might just do is buy more LINK but thanks Afzal.

>>20923945
crypto.com

>>20924489
Does that seem plausible that one trader on one exchange can alter the price at all exchanges?

>>20924643
it can through arbitrage
but i wonder how big of an order it takes to crash bitcoin by 10%

>>20924643
What happens is if the price moved enough on one exchange an arbitrage opportunity opens up on others

>>20921909
Don't worry fren, these sharp dips lessen in magnitude as the market gains liquidity. The flash-crashes in earlier days weren't bad... then whales started their shit. 2017 was a financial sniper's paradise. As more sophisticated defi contracts and more raw money is poured into the industry as a whole, the less able single entities are to manipulate the market like this.

Just don't fucking margin trade and you'll be fine.

>>20923059
>Binance made an announcement about the flash crash
Where? Sauce?

>>20922042
This

>>20921909
>>20922824

Because Alt season is here anon

>>20921909
BTC is a volatile, speculative ASSET that will never be used as a legitimate currency on a *universal level (key words). You guys complain and pump and dump scams when that is all BTC ever has been. The blockchain technology is great, but the decentralized aspect of it is a ruse, a fucking facade. You guys traded the Federal Reserve for the manipulation of coordinated whales. Long story short, OP, you all got DUMPED on as expected. What good is a "cryptocurrency" if it can't even be used as a stable currency? Again, BTC and many others are simply volatile, speculative assets. The solution to the whale problem is an elastic supply protocol. Buy AMPL, hold/never sell, and shut the fuck up with these stupid threads.
>"durrrrr why bitcoin price go up, up, up then go DOWN BIG?"
>6 months later
"durrrr bitcoin price going up, up, up again. Time to buy. I make it this time. HEY, why bitcoin go down BIG again".

https://twitter.com/cz_binance/status/1289803701599625220

>>20924735
Just google "Binance announcements" next time

>>20925076
>Just google "Binance announcements" next time
No u

>>20921909

OMG Bitcoin is crashing to levels not seen since 3 days ago. It's a volatile asset class. Shit happens when you party naked.

>>20924119
Ok fag

>>20921975
REN should be $1, it's securing a lot of that BTC/renBTC.

>>20925097
Will never be used as a currency on a universal level. The fixed supply makes BTC susceptible to drastic increases/decreases in perceived value, which manipulative whales can use for their advantage by preying on human nature. A stable currency with an elastic supply protocol is the solution to this.

>>20921909
Richfag dumped $1B all at once. Probably wanting to cut a profit now before some other richfag beat him to it. But I guess he was holding a few of the big name coins. It sent a ripple affect that trickled down to the shitcoins. Things have stabilized, but weak-willed fags have been selling off as they wake up to see markets in the red. And despite all that, it still wasn't a total crash. Bulls are still in control for now

>>20921909
Link recovered hard

>>20925382
And.. you.. you're okay with this?
Read >>20924896 and >>20925344

>tfw i only lost $3 in crypto
>top keks

>>20925591
I'm curious, how do you have your coins diversified? I'm fairly new and looking for ways to minimize any future crash effects.

>>20925649
by not FUDding

i bought chainlink at $2 a year ago and fudded out at the smallest crash

couldve made $2k just from a $750 deposit

>>20922183
>I can’t do math