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/biz/ - Business & Finance

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3933064 No.3933064 [Reply] [Original]

Why is bitcoin crashing? What happened to muh bitcoin goldz?

>> No.3933115

>4100 to 5900 in two weeks
>correcting back to 5400, which is still 15% up since last week
>crashing

>> No.3933121

>>3933064
what you mean with crushing? because it jumped from 4,5k to barely 6 in less than a week

>> No.3933222

>>3933115
>>3933121
>velocity

>> No.3933235

SOMEONE PLEASE MAKE IT STOP

I CANT FUJCKING TAKE IT ANYMORE

AAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.3933249

Its the mid week slump. It'll go back up by Friday.

>> No.3933277
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3933277

>>3933064
>tfw

>> No.3933313

>>3933249
I CAN'T WAIT UNTIL FRIDAY I'VE GOT T PAY MY MORTGAGE
AAAAAAAAAAAAAAAAAAH

>> No.3933323

>>3933064

Why would it not crash? BTC goes through cycles just like any other coin.

>> No.3933366

>>3933323
is too soon for a crash, it's just a correction it's pumping again before the 25 then it will crash hard maybe below 5k

>> No.3934484

you need to remain patient with cryptos ... and give them time to progress, but in due course .....

>> No.3934487

shakeout of accumulated long positions

>> No.3934496

It's just a casual 10% dip not a crash tho.

>> No.3934615

>>3933064
Does anyone have any fucking idea why bitcoin rises or falls at any point? It somehow isn't impacted by good or bad news.

>> No.3934798

>>3934615
Need to consider that most of the buying and selling is done by software setting buy and sell orders at certain prices.
.
Also, unlike a stock market, it never closes and is internationally available. It's naturally going to be chaotic in nature, especially when unregulated.

>> No.3934828

>>3933064

>https://www.rt.com/business/406960-russia-issue-blockchain-cryptoruble-putin/

>https://www.rt.com/business/406988-bitcoin-casino-russia-minister/

>>3933751

This happened m8. With a lot of Russians gone or soon to be gone. Many are prob cashing out already to avoid the gulags.

>> No.3934959
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3934959

>>3933249
>The mid week slump
>The friday fiasko
>The weekend dip
>The monday cliff

>> No.3935019

>>3933064
>crashing
you started crypto two weeks ago?

>> No.3935023

>>3933277
papa bless

>> No.3935072

>>3933064
whales want more at lower prices