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28742725 No.28742725 [Reply] [Original]

How is possible for every alt to drop 20% at once? Does this mean one person/syndicate has the power to crash the price?

>> No.28742780

>>28742725
Exchanges and bots

>> No.28742803
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28742803

yes
his name is elon musk

>> No.28742895

>>28742725
Yes. Crypto will fail. It all became too centralized. Not what the Satoshi crew wanted.

>> No.28742912
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28742912

>>28742725
>one person/syndicate has the power to crash the price?

>> No.28742928

>>28742725
alts always bleed harder during corrections because they are going down in their base currency (eth) while also being mass sold by bots on cexes

>> No.28742962

>>28742895
didn't satoshi write in the white paper that only corporations will end up mining bitcoins?

>> No.28742991

>>28742803
This alt crash isn't because of that Elon tweet surely?

>> No.28743026

>>28742725
its trading bots reacting to bitcoin dipping

just hodl we'll recover in a couple days

>> No.28743092
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28743092

>>28742725
Are you retarded anon? All crypto is highly correlated. Either the industry fails or it doesn't. It's just like all tech stocks going up and down together.

It's all going to crash because there are far more altcoins than the world actually needs, and it will pull the good coins with it.

>> No.28743123
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28743123

>>28742725
Newfag

>> No.28743212

>>28742780
Yep. CEX has bots running constantly to imitate volume. Kucoin very notorious. Sometimes trigger something to create a dump

>> No.28743216
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28743216

>le meme guy writes a meme post about meme coin
>people lose real money
according to my technical analysis this market is clownish in long term

>> No.28743299
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28743299

>>28742725
>He just started trading crypto this week?

>> No.28743309

>>28742991
of course not, imo it was a long squeeze by cexes but who can know for sure

>> No.28744185

>>28742780
>>28743026
>>28743212

If that's the case then buy the dip, as long as it has technological superiority and isn't some bullshit copycat.