/biz/ - Business & Finance

Not enough buyers, more shorters

>>29445338
Same thing that causes the pumps. FOMO. People think we're at the top and they dump.

>>29445338
mommy milky

>>29445396
But that’s like everyone thinking it at same time. How’s that possible

>>29445338
miners cashing out for new gfx toys.

its less everyone thinking that at the same time more people are already spooked. They look at price and see a 1% drop and panic sell, then someone else sees the 1.5% drop and panic sells. This then causes it to hit stop losses and the feedback continues.

>>29445338
coomers not killing themselves. better fix it

>>29445338
>tits hanging out of clothes

Moving on from tunics was a mistake

>>29445559

It is triggered by simply having lots of sellers and not enough buyers in a time. The price dips and a whale decides to dump before it dips more. Another whale does the same and price drops more. Now some retail starts to panic sell. Some bots join in based on the rapid movement. Now other people start to panic. Another whale dumps. It snowballs.

In the long run, this will be nothing of great significance.

>>29445559
hive mind

>>29445792
Only reasonable answer here

>>29445559
You don't know anything about people or even nature do you?

How can these thousands of birds move perfectly in flight, sometimes spreading out, sometimes coalescing, without hitting each other?

https://www.youtube.com/watch?v=V4f_1_r80RY

There are things that people and animals instinctively do, anytime you have a lot of people with a common purpose or focus, there will be ebbs and flows of sentiment retarding it, up and down.

>>29445559
>How’s that possible
bots

>>29445677

This, no one wants to be a sucker, btc is only worth 50k if there's a retard willing to pay 50k, once there's no buyers it overs very quick.

>>29445792

Add in stop loss sweeps and yeah

>>29445338
>>29445559
I’m not reading the thread but can you post more girls like these? There’s something super comfy about them, thanks

>>29445338
>line go down
>panic sell

>>29445338
>Can some one explain to me like a retard how the whole market drops so quickly?

GREED

>>29445338
Miners received 3060s and antiminer software wasn't a joke so they selling to make profit from mined because 3060 can't roi less than in a year. Wait for 6500-6700

>>29445338

>Can some one explain to me like a retard how the whole market drops so quickly?

Generals herd mentality amplified by shorters and newfags who never been to the rodeo before.

The same thing without the shorters are what is going to make it pump again. If you did research and believe in your longs, you should be able to ride it out.

FYI: I stopped buying after btc rose to 48k because I saw where it was going. I was tempted to dump, and probably should have - but fomo'd on the thought of Elon making another tweet or two, and some of my alts had announcements coming down the pipe.

>>29445677
>>29445792
>>29445838

Ok so it’s kinda what I thought. It’s just crazy cause as much as I like crypto it’s way to volatile a basket to have all your eggs in. It’s pretty much propped up by kek, memes, and bubble gum

>>29445792
What a long-winded way to say "herd behavior".

>>29445338
>whales make buys of $100m+
>massive FOMO ensues causing pumps and over valued assets
>whales take profits causing dips in price
>some dips cause a large number of people to sell which causes even larger dip which then leads to the "crashes" because of mass panic selling

>>29446169
>but fomo'd on the thought of Elon making another tweet or two, and some of my alts had announcements coming down the pipe.

I almost think there could be an argument that Elon is a force for bad when it comes to crypto

Aaaaand we are back. I hope you didn't sell, anons.

>>29445338
The market was being funded by leveraged loans, the cost of money was too high which limits new capital. The sell pressure is too great from everyone taking profits and the price starts to tumble.
The longs need to be eaten then the market can start again. A portion of them have now disappeared.

OP, forget everyone else and read this post:
>>29445897

Everyone saying anything else is a complete and utter drooling retard and should self-castrate. Bots bots bots bots. 80-95% of trading is done by bots. They are basically a massive force multiplier, and this also explains why every single crypto asset moves more or less at the same time in the same direction. Fun fact: you often times DON'T see dumps and pumps reflected in tiny microcap shitcoins, because their volume is often too small for people to run them.

What this means is that you don't need everyone to panic sell at the same time, you just need a small handful of whales to decide (usually by coincidence, occasionally intentionally) to dump right around the same time. The bots all work by algorithms and data analysis of the price action, so when you get a massive bull run like we have been having all the indicators start lining up, then a handful of people dump, it makes some meme lines cross, which in turn triggers other people's bots to dump, which in turn sets off a cascade of even more bots dumping and stop losses triggering. Then on top of that people start panic selling, but actual human interaction here is much much less than you might think.

>>29446842

Yeah, also bots.

>>29445338
>freckled complexion
>lengthy hair
>large soft breasts
>very petite frame
>thighs with just the right amount of thickness

How much USD to convince her to marry me?
>small feet

>>29445559
Jewish magik. They perform their rituals in accordance to astronomical and numerological happenings for greater effect.

>>29445559
>subpar face
>nearly breastless
>bony thighs
>dirty feet

How much USD to make them stop looking at me?

>>29446842


Holy shit.

>>29445773
Gay.

>>29446842
>>29447472

Whale here. Everyone who's anyone uses this cryptohopper.com

>>29445338
>>29446842
you forgot arbitrage bots anon, it's simple
BTC/USD = 50k
SHIT/BTC = 0.5
SHIT/USD = 25k
so far so good
BTC/USD = 40k
what does this mean for SHIT?
It means if I have 1 BTC, I can get more for going through SHIT than the normal route
1BTC = 2 shit = 50k USD
this inevitably dumps SHIT's value in USD, but should theoretically keep its BTC value the same
BUT
the missing variable is that there are also many humans AND bots that are already holding SHIT before this operation happens
you can figure out the rest

>>29447472
Stop posting girls coomer

>>29445559
Foota

>>29445773
Homo

>>29446842
been wondering why dips look so uniform

>>29445338
Dumps are only one half of the equation. Every trade requires two sides, a buyer and a seller. It doesn't matter if asset holders want to dump, if there's no one on the other side of the transaction that's willing to pay then the trade never executes. When prices goes down it simply represents an outflow of cash leaving the asset, while prices going up represents cash flowing into the asset.

>>29448042
Dumbest shit I've ever read

The name of the game is pump and dump is it not? Everybody wants to cash out at the top instead of having to wait for years to prices go up again.

>>29446842
this, it's all just bots. Watch this and you'll understand that it's usually a smart pajeet whose bot did something they didn't expect: https://www.youtube.com/watch?v=_ZDEWVJan0s