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19400527 No.19400527 [Reply] [Original]

Why do most crypto coins look like this?

>> No.19400558

>>19400527
so you can avoid buying them, retarded newfag

>> No.19400578

Bitcoin deflated into alt coins after it initially reached 19k. Early 2018 was amazing. Would put $500 on a coin and wake up with $4000. I put $10,000 on a coin that went 5x but I got scared after a 3% drop. So many regrets I didn’t realize how much of a black sheep event it actually was at the time

>> No.19400591
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19400591

>>19400527
Normies got PnD'd

>> No.19401259

>>19400527
The Great Chinese Pump n Dump of 2017.

>> No.19401270

that volume increase though, wash trading must be paying off

>> No.19401281

Because it's a manipulated shitty market.

>> No.19401643

Typical lifecycle of a shit coin. It's premined and accumulated by the creators and then pumped on social media only to be dumped over time. Also, there are unlimited shitcoins and only a finite amount of Bitcoin this is why all coins will follow this trend to zero.

>> No.19401664

>>19400527
Cryptocurrency will literally never moon again. There's more money to be made constantly shorting it

>> No.19401785

>>19400527
Because nearly all coins from 2017 and earlier were dragged along in the Dec 2017/Jan 2018 megaboom, and therefore got sucked into the black hole crash that followed.

It takes a VERY special coin to:
1) stay relatively low during the Dec 2017/Jan 2018 megaboom
2) get into an actual uptrend afterwards

>> No.19401817

>>19400527
Because they were mostly all pump and dumps, look at penny stock charts. Many look like that too.

>> No.19402051

>>19400578
yeah. i wonder if it ever happens now many of the suckers (me included) is lock and loaded. who knows maybe lotta hands were very weak and there are whales and few 1000 hodlers now +the swingers and bots. I see some coins just losing 30 million volume in 2-4 hours.

Like wtf the 5th of the marketcap.
Someone making a bank. Someone with 30million can drive the price up and down whenever he wants to. Fuck it few more years like this and I will look like that bald boomer meme lol

>> No.19402175

>>19400527
Facebook subhumans buying every low prices coin