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/biz/ - Business & Finance

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25883424 No.25883424 [Reply] [Original]

Can someone explain to me WHY BTC dipped so hard?

Is it true that whales holding millions in BTC decided conspired to sell at the $40k mark at the same time?

Isn't that illegal

>> No.25883506

>>25883424
>conspired
it's common sense

>> No.25883524

>>25883424
>using word "illegal" in crypto space
fuck off newfag

>> No.25883567
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25883567

>>25883424
>Isn't that illegal
Laws only apply to you, goyim

>> No.25883646

>>25883424
tether interview created panic, thats it

>> No.25883727

None of these explain, so no one knows why it dipped so hard?

>> No.25883775

>>25883727
guess not, move on

>> No.25883959

Chinese New year is coming. It happens every time

>> No.25884006

>>25883424
Leveraged longs, but not gonna expect retards around here to understand it.

>> No.25884201

>>25884006
>leveraged longs
Explain

>> No.25884555

>>25884201
ignore the pseudo intellect he had shit for breakfast now he's spewing buzzwords that don't make sense in this context, essentially nobody knows why, btc hit 43k and went down to 40k anyone who didn't sell at 40k is a monkey and should stop wasting their money, get off the platform, that's all there is to it.

>> No.25885104

>>25884555
No one knows why?

Damn I thought btc was the future

>> No.25885207

>>25883959
Thought this was a meme but every year i get fucked over by the chinese
>t. permabull

>> No.25885230

>>25883424
If you didnt take profits or at least bought link with your btc gainz your absolutely braindead it was so fucking obvious.

>> No.25885270
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25885270

Standard procedure boss.

>> No.25885345

Its a correction because it was oversold.
Growth is till parabolic.

Learn something about finances and graphs and stop being an absolute retard you fucking dumb nigger.

>> No.25885347

>>25885270
Standard procedure until it isn't

>> No.25885401

>>25883424
>illegal
LMAO do you even know in what transactions bitcoin is mostly used?
it's just common sense all the people who made it are telling you that bitcoin is a gigantic ponzi. but biz still hodls

>> No.25885421

>>25885347
Elliot Wave, retard.

>> No.25885444

>>25883424
Same reason for every other major crypto move - mass crowd psychology

>> No.25885497

>>25883424
Because all of the real money just left, the last smart money. Everyone hodling right now is hodling fake chinese tether value in bitcoin. It's hollow like a pie with no filling.

>> No.25885498

>>25883424
30% pullbacks are common and it was a surprise to many that we hadn’t seen one until now.
If you can’t handle a 30% drop you don’t belong in the game
>why
Profit taking obviously

>> No.25885593

Profit taking at a nice round number. People who have made nice gains get a bit nervous and think "ok ok, I'll sell once it hiiiiits..... 40k"

>> No.25885644

>>25883424
why are niggers so obsessed with revenge and turning the tables, rather than just proving they can be civilized and demand basic human respect?

>> No.25885926

Dxy and scared paper hands newfags and triggered sells by bots and exchanges liquidating longs

>> No.25886701

>>25883424
Corrections happen all the time newfag