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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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49426948 No.49426948 [Reply] [Original]

Why is the price dumping

>> No.49427005

>>49426948
Amerimutts shitting the bed as usual and yuropoors continuing a war that isn't going anywhere

>> No.49427008

>>49426948
Imagine you have to ask
I had thousands of hours of experience trading and investing before I posted something for the first time here.

Why is it raining?

>> No.49427031

>>49426948
More people pumping and dumping than holding. As long as that remains the case it will continue to swing up and down

>> No.49427067
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49427067

>>49427008
I bought 15 bloomberg consoles and made 1million usd before my first post here

>> No.49427180

I don't understand how people can look at the fucking candles and not see how utterly manipulated this shit is

2018 esque, Crypto bear markets are only this brutal because whales want it to be, If you look on-chain data you can see that in the bear sellers are almost always exhausted and the only thing that trigger the crashes are 1-2 fat sell order from gigawhales.

>> No.49427260

>>49426948
Because you're not buying enough

>> No.49427285
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49427285

>>49426948
line go up, line go down

>> No.49427315
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49427315

>>49426948
Because (((they))) want to buy up cheapies before the consensys speech Friday just incase, god forbid, the announcements everyone's waiting for are made.

>> No.49427350

>>49426948
you know why

>> No.49427373

American whale activity seen during us market open. These dumb faggots are dumping while the asian and eurooean markets are pumping.

>> No.49427384

>>49427315
Won't the announcement be bad and make it dump more? Or are you telling me there's still some hope?

>> No.49427464
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49427464

>>49426948
Cause we're in a bear market and all the shit projects that were funded during the gold rush of the last two years are burning money left and right and so they need to continuously sell whatever stash of shit they hold, probably including your shitcoin of choice. Thus the market will continue to slowly and painfully drop lower and lower until it's indistinguishable from a dead rotten corpse. Same thing happened in the last big bear market. Difference now is we're in a non-zero interest rate environment, so there's no easy money sloshing around to ameliorate the pain. You can still make it, but it's gonna one long brutal death march. The time to be afraid is now.

tl;dr prepare for a long, painful crypto winter