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29454849 No.29454849 [Reply] [Original]

There is literally no reason for this dump.
>inb4 people are selling
Yeah I get that, but why?

>> No.29454865

>he doesn't know

>> No.29454967

>if you know you know

>> No.29454990

people are selling because they're only in this for speculative reasons. just ONE big sell causes a massive cascade when people panic over losing their savings to something they don't believe has any inherent value.

>> No.29455018

Similar to your entire life OP, there was rejection, causing BTC to plummet and drag the whole fucking market with it

>> No.29455067

>>29454990
>imagine thinking this is "people" selling

LMFAO

>> No.29455087

>(You)

>> No.29455228

Institutions clearing out paper hands, and this month's new blood. Elon's first couple of tweets were an alt-season cold snap. BTC down to mid low 40's, but alts are starting to bud.

>> No.29455333

>>29455228
Alts are where I was losing the most money
I had to sell, but I’ll buy back in once it bottoms out to recoup losses

>> No.29455382

how low will link go?

>> No.29455515

>>29455333
I don't think alts will lose that much more comparing this to the early January correction, but I am certainly not clairvoyant.

>> No.29455519

>>29455382
I can't answer you that, but I do know how high it will go...

Not very.

>> No.29455832

>>29454849
Go draw Fibonacci retracements on the BTC/USDT daily and you'll have your answer.
It's all just one big meme.

>> No.29455997

>>29454849
To buy the bottom, of course. It's going to consolidate to 2/3 its ATH, OR hit rock bottom. Either-or, no in-between.

>> No.29456073
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29456073

>>29454849
Hello, im a whale.
Bitcoin will pump back in 3 hours.
Local low around 48k
Dumb all your shit in long contracts. leverage is ok but leave enough room in case some faggot scratch his balls and accidentally place sell order.
Screencap this

>> No.29456202

>>29455515
This, btc goes down 5% alts go down 20% ? This cant keep up. Inb4 it can go to zero (kys)