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/biz/ - Business & Finance

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49802476 No.49802476 [Reply] [Original]

Why did the green candles from 17.7k and 18.5k didn't continue going up? Who the fuck would watch this pump and think it's a good time to sell instead of waiting for the price to go higher
Why wouldn't you fucking wait until 20k was reclaimed

>> No.49802495

>>49802476
margin calls lol

>> No.49802499

>>49802476
lol

>> No.49802582

It's a dead cat bounce - everyone looks to selling at 20.0k but they know a lot of people are going to try to sell at that all together so what they do is try to get in at 19.9k and sell there instead, but even smarter guys know there'll be a lot trying to sell off at 19.9k so they try to go in at 19.8k etc. and so on.

>> No.49802597

>>49802476
Forced sellers. Those who are able to hold, are. Those who don't want to sell but have to in order to survive, are dumping everything. And lots of margin calls.

>> No.49802627

>>49802476
people who are going to buy back in at $1k

>> No.49802631

>>49802476
shorts closing their positions.

>> No.49802954
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49802954

>>49802476
bring me BITCHcoin

>> No.49802980
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49802980

>>49802476
>He doesn't know how BTC work
LMAO

>> No.49803167

I really do hate this thread topic. The fact people can't analyze obvious reasons why selling occurs just highlights that retards shouldn't be allowed to gamble

Heres one hint: when you use leverage, and then it backfires, you must sell all your assets at the moment of liquidation, no matter what the value. It's basically a Game Over screen

>> No.49803252

>>49802476
why would you watch this carnage and NOT sell lmao
this is just the beginning, nobody will have the $ to pump into funny internet meme money for MONTHS, sell now and buy 3x of what you have later

>> No.49803292
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49803292

>>49803167
i don't know what leveraging or liquidation is

>> No.49803494

>>49802476
The pumps were probably due to shorters closing their positions and taking profit. Basically they bought back making people think it was organic buy pressure

>> No.49803547

>>49803292
>Proud to be retarded

>> No.49804021

Someone please buy

>> No.49804087

>>49803547
You're forgetting it's clownworld and most things are backwards in finances - the people who know the most, especially about crypto, are generally the most retarded. Do you really think scientists and engineers have detailed knowledge of a luck-based casino game.

>> No.49804543

>>49802476
They know something we don't.