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/biz/ - Business & Finance

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11364904 No.11364904 [Reply] [Original]

So what sold that crashed eth?

>> No.11364911

btc

>> No.11364977

So what sold that crashed btc?

>> No.11365004

tech stocks

>> No.11365050

So what sold that crashed tech stocks?

>> No.11365071

>>11365050
asians

>> No.11365081

>>11365071
So what sold that crashed asians?

>> No.11365112

>>11365081
fat man and little boy dropped

>> No.11366380

It’s fine

>> No.11366393

>>11364904

Bitfinex has frozen withdrawals. That's why all of crypto is crashing.

>> No.11366497

The price of most coins are linked to the price of BTC. If BTC crashes, like it just did, then you expect the price of most alts to crash as well. I'm not exactly sure why this is the case, maybe people sell because it's what happened in the past, or maybe people sell to wait on USD so they can buy the dip, or perhaps this is caused by bots, since the moves are almost instant. In short, nothing in particular sold and cause a crash on ETH, it just dropped in price because BTC crashed.

Bonus, during actual BTC bull runs, alts (most of them) will crash hard, yet not quickly, which is dangerous if you are not familiar with crypto, because the hope of your alts recovering will keep you from selling, which is what you should do: just sell all your alts and stay on BTC once the next bull run begins...if it does happen again.

>> No.11366518

>>11366393
>USD deposits