/biz/ - Business & Finance

why did every crypto just take a dump

PUMPPPP

Once again, do not buy.

I'VE GOT SEVER FUCKING FOMO BROS WHEN THE FUCK DO I BUY

4? 4 RIGHT???

>>28741523
See: >>28741539

>>28741523
If btc goes down a big chunk they usually all do.

>>28741523
Elon's retarded tweet + btc not getting past 50k. Literally every coin is in negative 24h %. Fucking everything dumped.

>>28741523
if you don't know you don't know

7th Feb: 0.085
>JUST HODL
9th Feb: 0.070
>JUST HODL
11th Feb: 0.065
>JUST HODL
13th Feb: 0.060
>JUST HODL
15th Feb: 0.050
>(you) are here
17th Feb: 0.045
>JUST HODL
19th Feb: 0.035
>JUST HODL
21st Feb: 0.025
>FML
23rd Feb: 0.015
>*ropes*
25th Feb: 0.001
>*dabs on your grave*
>*nothin personal, kid*

>>28741634
Dont buy

>>28741819
feb 17th came early

what a ride
guess it was a good choice selling 50% at 8cent

>>28741554
it's so tempting but I know this is like standing on a rug over the mariana trench

>it keeps going down

>>28741917
If you dont buy it will go lower.

lmao his doge tweet also fucked literally every other coin too and even btc

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Get it down to 3, then do not buy.

Looks like its pumping again dogebros!

Wagmi

>tries to recover from the dump
>fails miserably
GET THE FUCK OUT WHILE YOU STILL CAN THIS IS YOUR LAST FUCKING WARNING,

>>28742156
??

I"m not buying until it hits below a cent lmao

Close guys. I repeat let it ride to 3

GUYS TELL ME. WHAT'S GONNA HAPPEN NEXT

>>28742325
4.5 cents

>>28742283
I'm with you on that

>>28742372
Maybe lower

The eurofags are going to wake up to an absolute dumpster fire lmfaoooooooooooooo

I guess in the end everyone finally got their classy bubble graph they longed for so much

>Elon says whales need to sell to balance the coin
>Retards with 50 dollars worth of doge start selling
Absolute retards

>>28741993
Global rule 15: "All pony/brony threads, images, Flashes, and avatars belong on /mlp/."
>pony images belong on /mlp/
https://www.4channel.org/rules
What you just did is a bannable offence, furry fag.

>>28742283
If it drops to a cent, it will likely drop to half a cent

I BELIEVE
SAY IT WITH ME
I BELIEVE

OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>28741634
.03 maybe even .02

>>28742467
Definitely. If no one panics and buys in right now.

DO NOT SELL
THIS IS JUST A DIP
SELL AND YOU ARE DEAD TO US

>>28742473
What did you expect? Even in these threads people fucking panic about the 5 bucks they put in.

Dogger themesong atm:
https://www.youtube.com/watch?v=lDK9QqIzhwk

>>28742325
they're gonna "stabilize" it at a new level, people will go "wow bullish!" and then they"ll dump it again

>>28742473
>sell now
>buy back when its cheaper from whales selling
how is that retarded?

>>28742483

>>28742473
The median Doge hodler todler only has $100 worth, what do you think?

Get ready anons, everyone knows whales dont belong in space...

>>28741993
>>28742650
based

>>28742650
Cope, pony fags deserve nothing more than a long drop and a short stop after meeting Mr Rope.

>>28742473
literally me

>>28742695
I've got 10,505 of these shits, I'm waiting to buy in some more once it goes to close to the original price I bought them for at $0.036 a piece

I'm confident in it going lower guys.

>>28742781

>>28742781
Stop replying to him. He's playing this schizo /mlp/fag game where they post crops from their booru and try to find their posts on other boards. You can get 15-day banned for replying to them.

what an interesting couple hours

Literally every altcoin looks the same right now top kek. Whales already started going long, also a fuckton of people got liquidated.

>>28742959
strange how he never shows himself from the side

>>28742963
>You can get 15-day banned for replying to them.

Ladies and Gentlemen, say hello to the new high. Enjoy it whilst it lasts, the train will be falling off the station in a couple hours from now.

>>28742967
All altcoins have been doing this the whole day today

>>28742931
It kind of has to.

NUY WHAT THE EHALES SOLD< THIS IS IS BOYS CHARGE !!!!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>28742488
Possibly true but at a cent i'd be sitting comfy until
grimes cock throws a billy at it

2 cents is the buy back kiddos

im sick of it twitter
i invest a billion dollars and you LAUGH at me
well WHOS LAUGHING NOW FUCKERS?

>>28742999
Doge needs to go even lower because whaleniggers keep choking the life out of it

>>28743103
My confidence in people not buying right now is dwindling though.

>>28743234
Made 3 grand from the dip

And were back. Hope you paperhands didnt sell!

man that was crazy but we're back in the bull flag hope yall are excited

>>28743327
based

>>28743327
I'm happy for you, really

>>28743217
a) Who do you think is buying up hundreds of thousands of dollars worth of coin from "whales"?
b) What do you think these people are going to do once they acquire whale sized bags?

>>28743340
Nothing ever happens. This is literally the only interesting thing in my life atm.

>>28743340
We are nowhere near back kek

>>28743340
NOT SO FAST

>>28743340
>And were back.
Anon...

The copium in this thread is off the charts!

>>28743234
momentum won't change unless it holds above 5.4 cents
almost certainly won't happen

BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY

>>28742473
> whales end up having more

Go back down to .045 right now you little faggot.

Imagine how much you could make if you dont buy now and just let it drop to at least 3

>>28743340
>>28743574
Ahem, gentlemen,
NOT SO FAST

>>28743340
>we're back
yeah back to fucking 0.05
I sold at 0.057
Going to put my money in something with actual purpose
If this thing goes sub .04 Ill buy back in

>panic sold at 0.0498
>immediately starts pumping again

how the fuck is this stupid ass coin recovering almost all the drop.

>>28743340
I never sold after buying back at 0.035, I'm thinking of just putting some extra dosh in there while it's "low"

NOOOOOOO I PANIC SOLD THE BOTTOM WHY IS IT PUMPING NOW WTF WTF

>>28743698
never panic sell

>>28743700
it was the entire market that was crashing

>>28743700
Because Musk said he's gonna support it if whales dump it read the tweet again

doge is going to .001

sell now sir

>>28743700
never underestimate the meme

>>28743741
the whole plan was to make whales do that, and you fell for it....
That was the last dip before list off
>all crypto down
>elon pumps it
>everyone fomos their other crypto bags here to nose loose profit
>Moon

>>28743413
>bull flag
oh noo no no

>>28743850
No it's not. People keep buying

>>28743700
imo bc order books were wiped out
the price is completely arbitrary now

>>28743464
>If we just do what Daddy Elon says Dogecoin will finally be the proof of concept Communism needs! No whales! All equally shared, all equal millionaires!

>>28743700
have you not been watching this coin the past month? this happens every heavy dump, it's free money if you're willing to risk a little on timing the bottom

Bought at 0.06, if I will sell now and buy back if it drops to 0.04, I will get extra +/- 30k DOGE.

I think 0.04 is realistic now, right?

dip below .05 again so I can buy back in

>>28743902
huh?

>>28743972
I'm buying in at 4 if it gets there. It's a gamble now.

>>28743948
> communism
> free market trade
pick one street shitter

>>28743902
Elon isn't moving market caps worth several trillion you smoothbrained mouth breather

Next stop: .08.

Screenshot this.

>>28743902
You would put your crypto bags into doge if the market was crashing?

>>28744038
4.5 to be more specific

>>28744011
i dont sell, i bought in a 2c im comfy as fuck rn lmao

>>28743647
I want you fucking dead
https://derpibooru.org/2065473

Dont buy right now

>>28743902
yeah, exactly as you said..just the fucking opposite you goddamn faggoot
AAAAAAAAAAHHHHH

Are the whales selling?

>>28744127
>>28744110
Comfy 103k bag at 2c

>>28744059
How is "killing all the whales" so the "little hodler" can finally make it not Communism 101? We will seize the means of Doge and redistribute it to the masses, lmao. Musk yet again proving that Marxism is little more than Plutocrats whipping the serfs into line with feel good morals

>>28744242
>3 mil bids vs 6 mil asks
Somebody sure is

>>28744242
no bro, those 103k sell order you see are homless people

Anyone see the timer ?

This is so fucking unstable right now dogebros

>>28744268
ur an idiot, communism doesn't have bag holders

>>28744325
stupid hobos

fuck it i sold. im tired of this . I made a little money and thats good. im sick of this hodl bs. this memecoin has nothing behind it.

>>28744325
They probably will be if they don't sell in time

>>28744268
Blatant market manipulation is not conductive to a free society. Capitalism, like all systems, must be restrained, and in turn the restraints must be carefully monitored to ensure corruption does not set in.

Whales must die for their pajeet pnd bullshit.

This ain't funny no more
I literally cannot sell, it's not that I cant live without the money, it's that I dont want to lose it when it could meme spike back up any moment like the past few weeks

>>28744383
I sold so I can buy back in at a lower point, but it's getting so nerve-wracking trying to track where the new low will be.

IT'S NOT GOING ABOVE 0.6

>>28744383
still swinging my whole bag

>>28741364
>trusting le ebin bilionaire from reddit
you all deserve this

>>28744422
imagine investing what you cant afford to loose... couldnt be me pajeet
>inb4 $10 yearly salary

>>28744233
Why not? What are the implications?

>>28744429
>average cost <0.07

OOF y u do dat mane?

>>28744446
It's going to be somewhere between .001 and .005

>>28744429
yeah, what's that limit sell order placed, mr diamond hands

>>28744394
It does in the beginning and it does in the end, only during the interim the plebs are deceived into thinking their "fair share" is coming. Only what was once primarily owned a select few in the private sector is now owned by a select few in the government, i.e. Musk. He's literally psyoping his followerings into accepting him as the new primary holder and they're all lapping it up.

Complete idiots.

>>28744383
unstable is some nice euphemism right there lol

>>28744458
Because a bunch of people are trying to get it lower by not buying

>>28744429
Jesus christ, why even put this much money into a meme?

>>28744503
Do you want to lose money?

>>28741364
s-seven cent floor, r-right anons?

>>28744425
Yes and you will eliminate bourgeois by seizing all the doge and redistributing it to the proletariat?

NUKE THE FUCKING WHALES

>>28744579
Do not reply to that poster. It's an /mlp/schizo.

>>28744567
kek how old are you ? no way you ur over 15

>They sold?
>Buy it up.

I have over 100k doge at a penny apiece and already took my initial investment back out. I'm just smoking weed and playing EU4 t b h. My crypto will be fine.

>s-seven cent floor, r-right anons?
>drops to 0.049
It's so exhausting.

>>28744352
I pick the white pill

>>28744625
those days are long gone fren

>>28744646
>if you give wales money you win

>>28744503
My dude. If we wait an do not buy it will go down lower. Buy at the lowest.

>>28744704
Thats the attitude anon! , Im her taking .01 dabs for every 200k+ buy orders kek

the good thing is we've punctured 6h lower bollinger

>>28744429
it's funny I had $1k as my limit for how much I was willing to lose on the way up, but now that we're going down I don't even want to risk $100 on the dips. I'm just completely mentally out of this coin

>>28744643
Nigger I aint a commie. I'm a man who has realized that corporatist oligarchy bullshit is just as dangerous as the red gulags in entirely different ways. The rich exist in every society, whether its fucking commie, fascist, monarchist or capitalist, and they always inevitably become the problem once they start playing games with the lower classes.

You guys better get in now if you want free easy money. Rockets about to take off. Screenshot this.

>>28744903
"temporarily lower" = $0.01 . I'll wait.

>>28744566
The limit sell is for .075 in case some freakish miracle happens while I'm asleep. But I might just take the 1000 dollar loss and sell before I sleep tonight and it falls even worse.

>>28744643
Why would he endorse a crypto that has 13 wallets holding 50% of the total wealth?

I mean, it's not about communism. He's not saying "we should take their coins!". He's just saying: I will not continue to endorse this currency if they don't sell.

Anyways, I think this is just an excuse. He's asking for the impossible so he can just stop tweeting about this. So now he would be like "yeah I liked that currency but you know, fucking whales, now please don't ask me again about this f memecoin thanks lol"

>>28744903
Late to the party my friend. Dont buy right now.

>>28744458
You need to be killed
https://derpibooru.org/699384

>>28744903
Temporarily doesn't necessarily mean only minutes or hours.

>>28742473
My sides....

>>28743340
I sold and bought xlm while it was .45. Still have a 10k doge stack and i can always swing back to doge after i get a nice xlm pump

>>28744981
If it drops to .01 I'm all in.

>>28744903
3 cents or lower I'm expecting. That is if the whales sell.

>>28744619
>>28744781
Gotcha alrighty, I got the bulk of mine at 0.002 back in 2019 I was just curious what was going on. I'm just gonna sit and wait then

https://youtu.be/4fVQwzv5Qfc

>>28745072
I havent touched DOGE yet, but same

You people need to hold and by that I mean do not buy. Wait for the .01

>>28744981
>>28745006
>>28745126

Sorry, not dropping below .05.

I PUSH MY FINGERS INTO MY

>>28745202

>>28745274
I give it 1 hour

>>28745274
If the whale kikes don't sell so yeah maybe

>>28745274
My dick in your ass says it will.

>>28744903
You literal fucking tard he means crash that shit to the bottom first not for a dozen of normie coinlets to panic sell you literal autist

Do you think the whales are actual people?

>>28745148
I'm expecting europoors to dump once they've seen what's been going on, but we'll see what happens

>>28745274
it already did an hour ago.

>>28745279
get on my level

>>28741364
they are dumping it so all the big players can get in. Wall Street realized they lose the game and they wanna be on top of crypto. They wanna dump it as low as possible buy everything and control the market.

>>28745310
explain what trend says it will double dip pajeet

>>28745072
I'm putting a limit order when for 0.04 or somewhere in that range, doubt it will go that low but I'm hoping to some extra shiba kerns

>>28745499
It depends on how weak you are. If you buy now or not.

Get ready for lift off faggots we gonna moon

Life savings... In shambles...
Hope; obliterated...

>>28745595
i didint sell and bought like $1000 in .049

I always buy with btc, am I dumb?

If it doesn't drop before the euros get up I will buy in to ride their pump, and sell before bed. It is what it is.

>>28742325
1k by October

>>28745598
Look at the chard, pendant break out last warning, you have aprox 1 min to fomo

>>28745669
Could have went lower but I dont blame you. I'm just waiting to see when I break.

>>28745650
Avg. cost?

>>28741364
Should I buy now or wait for it to get to 3 cents.

>>28745790
no, i mean i bought the dip to add to my bag anon

when it's $5 a few years how will you guys spend your monies?

I want a nice comfy house with a cool doge poster in the garage to greet me every day. maximum comfy

I would be in back near .008

Who knows what is happening with doge right now? Nobody. That's who.
I have nearly 4k and I'm not selling since I got them under 5c. Might even buy more and lower my average even more.

>>28745725
Here's hoping

>>28745279
>>28745423
noone on this board is stupider/worse off than me when it comes to doge

>>28745809
My HD 7970 almost caught fire...

>>28745951
Crippled-Schizofags would disagree, along with Sergay's children

>>28744993
Why would you use a crypto whose only real value is converting into a currency (USD) that is likewise 50% owned by 13 people?

>>28745951
unfortunately you're going to have to play the long game now anon

I have a legit question - Elon tweeted that whales need to sell more, and suddenly they did sold more. What the actual fuck, what is going on?

>>28745777
Holy fucking trips

>>28745951
Don't worry bro, there are people who unironically bought at 8 cents.

>>28744993
Do you think Musk gives a fuck that 50% of Tesla stock is owned by himself? Is he going to be democratising his own shares any time soon, or is this just something else he's seeking to monopolise?

>>28746077
That dump was virtually nothing for them. They can still control the market with ease.

>>28746077
Tug-of-war between two behemoths over control of Dogecoin

>>28744886
Doesn't matter what you think, you will never eradicate the emergent property of "wealthy" and "poor", without bringing everyone down to the lowest common denominator.

>>28746077
The purge

>>28746077
They have billions of doge my dude

I'm taking this as my chance to get off of Robinhood, hopefully Doge doesn't pump before my money is put in my account.

>KEEEEEEP HOOOOOLDING
https://www.youtube.com/watch?v=-BcbI9MI1eA

>>28746155
Yes, I understand, but why did they listen to him? It's was like straight command - sell, and they sold.

>>28744668
Old enough to recognise a pump and dump grift

>>28745951
>buying the top of a meme
>robinhood

ngmi. you should have bought 100k doge for ~$350 a couple months ago and DCA'd out when it started getting pumped by elon. and you should not have done any of it on robinhood.

>>28745380
Did you know 14 million new Doge coin are mined each day? Do you know what that means if this shit were to reach $1? Someone would have to pump $14 million dollars USD into it each day just to sustain the price. That's never going to happen.

>>28746356
Nothing wrong with RH fuck off

>>28746247
Because he can probably crash the coin, and fuck up their whole operation.

>>28746193
Which is why civilizations collapse and are reborn every 250 years or so.
I didnt say it could be eradicated, in fact did I not say it was inevitable? A new society is formed, the divisions begin, the divisions worsen, the elite overstep and are destroyed and a new society is formed in their ashes.

>>28745826
i can't keep watching this all night. someone wake me up when it hits .2 so i can buy in

>>28746443

>>28746447
Ok, he crashes the coin, what's the next step? Buy more and send it to the moon? I am struggling to find real reasons behind all this stuff.

>>28746443
>sell orders only because fuck you
>can't withdraw crypto
you need to go back

If any of you are up when the euros take over tell the not to buy. I'm off for the night.

Wouldnt elon be a whale since hes got 2billi of this shit

>>28742473
>whales sell
>elon is out
If these are the choices you should sell asap.

>>28746570
Based conscientious Dogebro. Sleep thight fren.

>>28746589
There are whales, then there is the leviathan.
Whales are bunch of nasty pajeets that nobody likes
The leviathan has at least one worshipper in this thread.

Basic math:
1. 14 million coins made each day
2. You want $1 a coin
3. For it to get to that point you'd need to invest at minimum $14 million USD each day
4. How much is that in a year? 14 x 365 = $5.1 BILLION

You would need to invest 5.1 billion into Doge in a year just to maintain $1 price floor levels. You people are idiots to never take into account how worthless something is when it has an infinite market cap.

>>28746683
ayy fuck you, I think whales are neat

>>28746692
it has a cap tard

>>28746401
Who ever said anything about sustainability

>>28746557
Control, anon. Right now the whales control the market because they have a majority of the coins. Elon Musk wants them to sell a large portion of their coins so the "little guy" can get some skin in the game. If they don't he will no longer advocate for the currency. At least that's the narrative that is being presented, believe what you wanna.

Damn no ps5 cuck in this thread? His shit must have exploded.

>>28746561
Why would you want to withdraw it?

>>28746692
elon could put 5.1 bil in alone but it's not going to happen unless every whale sells which won't happen unless he some how gets in contact with them to work with them.

>>28746589
If you've got a few billion in something thats never going to be sold off, then you have security. Elon wont sell just like he wont sell his Tesla stock. He's not just going to cash out at an opportunistic moment because he doesnt need to, he's already at the top.

>>28746757
this guy

>>28746754
No it doesn't, you can literally produce infinite Doge coin

Someone tell me what to do, please

>>28746900
Checked, but market cap isn't even the term you're looking for. You can only produce 5 billion a year, though. That's a little less than 5% inflation.

>>28746933
Sell ASAP and buy back when it hits 2 cents.

>>28746933
Hold and buy at the dip.

>benotafraidretard.png

>>28746772
Sounds reasonable, Dogebro. So what you want to say - if there is going to be a massive dip, we prolly going to the moon after that? I am not talking about 1-2 weeks and we are mooning, no, maybe 3-4 months or so.

I should buy more if it goes to 2 cents

>>28745009
Anon how did you do that?

>Elon crashed it while I was at work
Fuck I couldn't even swing on this shit

>>28746797
what elon did wrong was pumping the coin, pumping only benefits whales and those who were in before the pump, so hilariously all he did was transform even more people into whales. if he was serious about the coin he would have accumulated slowly with a long term goal in mind. but it's just a meme to him so why be smart, right?

BUY THE DIP

>>28746933
Don't come here unless it's doomping or poomping. Watching retards bickering about market caps or deciphering Musk tweets gets old fast.

>>28747103
It needs to crash more stupid

>>28747094
We don't know his endgame, anon, we can't see real reasons. I mean he could be really smart ass, or he just dumb faggot. I guess we have to wait and see.

>>28747193
>UwU

>>28747230
I'll eat your lunch.

DOOOGEE PEACE OF SHIIIIIITTTTTT

Can someone explain to me how whales make money? Is it just basic swing trading for small, frequent profits?

>>28747322
They have enough doge that they can swing trade and make thousands off a few percentage points. Its not hard to understand.
I

>>28744168
Based, glad you could make it.

And the train has left the platform. Strap in boys.

>>28747007
I can't say for certain, but that's my takeaway for the time being. If we take Elon at his word, and the whales dump then this coin will officially have the backing of the richest man in the world. That being said these are uncharted waters, and anything could happen at this point.

>>28746970
Which assuming current prices would require you to spend $275 million a year just to prop up for something you would hypothetically need to bleed ever more into. Is it worth $0.1? Great, now you need to spend $550 million a year. It isn't like other cryptos where their cap allows your holdings to appreciate, the inflation driven from the infinite amount is designed to work against any intrinsic value, that is the whole point of the meme coin, to be as worthless as possible by design.

>>28747370
So basically what I said? I didn't think it was hard to understand, I just wanted confirmation because I'm new to this shit.

Already looking forward to the posts of confused Euros waking up and seeing their gains vanished into nothingness.

>>28747486
how will I make money then?

NEW BREAD
>>28747681
>>28747681
>>28747681

>>28747655
You weren't ever supposed to. The flash in the pan which skyrocketed the price from nothing the past ten years to "something" was only because of new investors diversifying off the Bitcoin boom late last year. They have no idea what they're doing and don't understand why it was worthless for so long. It will soon return to that historic average in no time, in typical boom to bubble to bust fashion.

>>28747468
Thanks for dialogue, Dogebro, wish you a comfy day.

>>28747811
So why not make money along the way?

>>28748124
Because despite the price crashing 5% everyday there are people still here that think it's pumping ever again.

>>28746561
Who is withdrawing doge?? Who cares that much? No one is long on doge.

>>28746754
Lol no.