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/biz/ - Business & Finance

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25118658 No.25118658 [Reply] [Original]

does anyone have an actual explanation as to why the entire market can shit the bed so much all at once? i get it when BTC dumps bigly but in this case it barely moved. the fuck happened?

>> No.25118666

manipulated dump to get you to sell

>> No.25118691

>>25118658
Dude take 5 mins to read any news on crypto and you’ll realize that Ripple got sued by the SEC and there’s a bunch of regulation fud

>> No.25118745
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25118745

>>25118658
why do you faggots require explanations for this shit?
short term moves in the market are not 'explainable'. explain why it sometimes snows in late spring?
it's the combination of several factors that even if you understood completely for one occurrence, still wouldn't help you predict the future movements in a meaningful way.

>> No.25118767

>>25118691
>XRP controls the market
are you brain dead?

>> No.25118770

The SEC happened, you dumbfucks. All of these alt coin launchers are about to get raped.

>> No.25118782

>>25118666
Checked

>> No.25118794

>>25118767
you stupid little nigger, if XRP, the "most legit" shitcoin around can be put in the crosshairs, it means any other shitcoin can be next

>> No.25118800

>>25118767
he's right. XRP got fucked so, so, badly, that the rest of the market is starting to feel it. Other possible securities are at a huge risk now. BTC has topped out 5 times at 24k in the last few days. The whole thing is looking more and more like a nasty bubble about to pop.

>> No.25118817
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25118817

>he's only finally realising that the longer btc exists, the more "trusted" and less volatile it becomes

>> No.25118819

>>25118658
>what happened?

You got a lesson in why btc is KANG, that's what happened. Also, you're a faggot

>> No.25118820

There is essentially a scatter plot of news, from bullish to bearish, that is constantly appearing.
Market movements are nearly completely independent from that news, but when something significant happens in the market, people cherry pick whatever news can be used to justify the market movement. They retroactively apply the news to the market movement, as a way to make sense of it to themselves.
It's part of our natural inclination toward narrative building which is one of the great cognitive errors of human beings. You should read "Thinking, Fast and Slow" by Daniel Kahneman. The "actual explanation" for why the market does anything is that people will deep enough pockets to make it move, chose to move it.

>> No.25118823

>>25118794
wait what? i thought tether was the most legit. we gonna have a party once xrp and tether die

>> No.25118825

>>25118658
SEC fucking Crippledfags in the ass

>> No.25118827

>>25118745
>bro its not explainable, one major stakeholder dumps and the rest all dump within seconds because of stop losses/algos

so it is explainable?

>> No.25118828

>>25118658
This is how I can tell you're a newfag

Bitcoin climbs into new ATH
Alts menstruate

How fucking new are you

>> No.25118844

Because of this
https://www.coincenter.org/a-midnight-rule-for-cryptocurrency-transaction-reports/

>> No.25118851

>>25118770
only PoW coins are safe

>> No.25118865

>>25118767
If they can do it to Ripple, they can do it to pretty much any crypto project. The project devs *always* control a significant supply of their token, and use sales to fund the project. It's the entire crypto business model. Why do you think LINK is dumping so hard? Ripple controls ~55% of the XRP supply, and nearly all of it is locked in escrow that they can't touch. Sergey controls 80% of the LINK supply, and he dumps $15M worth a week. If Ripple doesn't win then it's open season on the alts.

>> No.25118890
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25118890

Part of it

>> No.25118911
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25118911

>>25118827
>he genuinely think the market is this simple
ok anon, thanks for enlightening me, now I surely will be able to predict the future.

>> No.25118938

>>25118911
>WHY DO THING DUMP?
>Because people sell?
>WELL U SEE ANON THE MARKET IS NOT THAT SIMPEL

yes obviously there's a million factors as to why people are selling but the main point is that they're selling and that causes others to sell.

>> No.25118942

>>25118851
>PoW is safe
>CCP controls >60% of mining
>60%>51%

>> No.25118967

>>25118770
Very much so , many don't know how many have private companies attached to their favorite shit coin and managed to do an "unsanction illegitimate security IPO" or invest in us and we will give you coin to sell at any time, better yet lets all sell at the same time.

>> No.25119013
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25119013

>>25118942
they have a financial incentive to not attack the network though, but you're right

>> No.25119030

>>25118658
overleveraged altcoin market or a big player/fund got caught offguard on XRP and had to liquidate over positionsto cover causing cascading liquidation.

or good old regulation FUD.

>> No.25119046
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25119046

>>25118938
>anon, why is the carpet wet?
>well there's water on it

>> No.25119058

>>25119013
>they have a financial incentive to not attack the network though
for now

>> No.25119579

>>25118767
That is why its FUD, fear uncertainty doubt. It doesn't have to be true, people just need to be scared about the potential. In all likelihood it'll just be limited to XRP for the important projects (LINK, ETH, ect). If you were on the board before LINK dropped to 8 (then bounced back of course) you would have seen a ton of FUD regarding LINK and SEC even if its brain dead FUD that has little to no ground in reality. But it fucking worked, and now LINK went down 15% because it.

>> No.25119621

>>25118820
Correct

>> No.25119837

>>25118820
Damn an actual intelligent response on /biz/. This is the truth though.

>> No.25119891

>>25118658
maybe, just MAYBE, because everyone knows the whole cryptospace is just a useless giant ponzi scam and there isn't anymore dumb money left to inject into the ponzi.

>> No.25119907

>>25118658
Dotcom 2.0 my dude. You’re witnessing the beginning.

>> No.25119934
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25119934

>>25118820

There are people on this board selling ZEC for 0.02 pre movement

>> No.25119958

>>25118890
>Leverage trading EOS

Okay what in the actual fuck?