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/biz/ - Business & Finance

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28689784 No.28689784 [Reply] [Original]

Haven't been on /biz/ the last few days. Why is this shit dumping so hard? A correction or should I get out now?

>> No.28690324

>>28689784
Unlikely to go much lower. The fud is pretty crappy so price will rebound soon.

>> No.28690431

A combination of correction, Bug (Fixed 3 days ago) and uncertainty caused by binance (Doesn't allow deposits yet).

People fear it'll dump because they think other people will have weak hands, Anyone with a brain can see that there was a problem, it got solved in the best way imaginable without any aftermatch consequences and now we move on as usual with the strongest core in the market by a margin.
Fud campaign is ongoing for 3 days now so if you can't handle it then sell because you're unironically ngmi anyway.

>> No.28690540
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28690540

>>28689784
Binance dump is on it's way. If you haven't sold you will lose a lot of money unless you hold it for the whole year. AVAX can go very far but that won't happen in a single day and this is one of many corrections we'll see along the way.

>> No.28690541

Actually when you look at other parabolic coins then AVAX price isn't out of the ordinary desu, Maybe another -10% on top of the usual correction after 200% growth in a week.

>> No.28690641

>>28689784
There was a double spend that has shaken confidence. Avaxniggers will call it something else but fact is multiple outputs were created from one input, making it a double spend no matter how they try to reword it. The fact that there can be nondeterministic bugs in avax depending on load puts the security of the entire model in question.

>> No.28690648

>>28690540
> that won't happen in a single day

I won't bet on it after Pangolin debut, Price pumped literal 100% because of a single day traction.

If AVAX regain the same momentum we'll be a top 10 coin before february end, But i expect slower growth as Pangolin debut was insane for any coin not on BTC/ETH scale.

>> No.28690649

Because it is run way too far up, borderline pump and dumb status at this point.

>> No.28690651

$200 mid-2021

might dump to mid-30s within the next week though, your call anon

>> No.28690688

>>28690540
I have sold I'm going to wait and see what happens

>> No.28691032

Might need a solid dip to the 30”s. Could over correct to 20. Long term this is a hold. Barring something game breaking coming out. Makes sense to go back to a DOT/ATOM.

>> No.28691219

>>28690641


Calm down. Saffron Finance had a bug in their code in November that broke the entire thing and tanked the price from 1k to $150, the team kept their noses down and worked to rebuild the good will of their company and fix the issue and today its sitting at $2400. I don't see any reason why this would be any different.