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/biz/ - Business & Finance

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7355891 No.7355891 [Reply] [Original]

/v/ here. WHY is crypto crashing? I am mildly interested

>> No.7355929

it went up too high and people are selling crypto to take in the profits

>> No.7355937

>>7355891
not just crypto. global stock markets are crashing too

>> No.7355940

>>7355891
because in crypto, you're either a sly fox or a dumb bunny

>> No.7355944

the whole world economy is crashing right now you mongs

>> No.7355972

>>7355929
literally no better time to buy than now

>> No.7356003

Any posts involving the words "starting to realize" should be ignored

>> No.7356007

>>7355944
Why?

>> No.7356076

>>7355891
more new ppl and more new money...more panic and bigger first time scares for the new and its all domino like effects up too like now with the down

>> No.7356079

>>7355944
And how many days ago did this start happening?

>> No.7356110

>>7355891
everything is crashing, crypto just lead the way. It will be way worse when the NYSE opens again tomorrow

>> No.7356192

more sellers than buyers

>> No.7356224

>>7355891

It's literally meme 1s and 0s with no inherent value beyond there being a finite supply of them.

>> No.7356276

>>7356007
Because these things happen on the regular because regularly people realize that everything is fake, but then slowly people forget all that and build it up again.

>> No.7356341

>>7355972

This it’s fucking amazing

>> No.7356424

>>7355972
That's what they said yesterday, and the day before that, and the day before that. When does it stop?

>> No.7356445
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7356445

>>7355891
trading real money for wow gold
it was retarded to think otherway

>> No.7356458

>>7355891
credit card ban must scare normies
I for one will buy more tomorrow

>> No.7356502

>>7355891
Twitch is so hot

>> No.7356563

will this crash affect my csgo skins?

im concerned.

>> No.7356659

>>7355891
happens every year at the same time
just fucking wait until tomorrow

>> No.7356710

>>7355891
I liked Life Is Strange
what games would you recommend?
i need to distract myself from this mess

>> No.7356774
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7356774

>tfw The hype train throws the nation into a depression

>> No.7356803

>>7355891
>twitch

>> No.7356814

>>7355891
because it isnt worth anything

>> No.7356880
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7356880

people getting tax refunds and not being as retarded as boomers with their wealth. scaring the old guard

>> No.7356912

>>7356710
Terraria
Monster Hunter World
Or just emulate some games of old you enjoyed

>> No.7357035

>>7355944
>>7356007
It isn't. This isn't a crash. These are cchildren from pol who fantasize about a post apocalyptic wasteland. The market needs corrections to maintain a healthy bull trend.

Bitcoin is a different story, that's a textbook bubble pop

>> No.7357055

>>7356710
Play Stardew Valley, it's pretty slow paced and cozy
Subnautica left early access if you like nature/exploration

>> No.7357148
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7357148

>>7356710
Spiral knights
don't go to the auction house or energy market

>> No.7357295

>>7357148
>don't go to the auction house or energy market
So it's like Warframe?

>> No.7357333
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7357333

>>7355891
so many reasons it's hard to pick one, but my guess for primary reason is intrinsic value and purpose
>"currency"
>volatile worth
pick one: who wants a to buy a $200k with 20 bc's worth $10k each and then discover the bc's are worth $12k a few weeks later, it'd feel good if they went down to $9k a few weeks after buying said car, but how's the seller gonna feel?

in 2nd place
no gov't regulation lol
>some govt's banning it and US beginning talks on regulating it
this one appealed to the tin foil hat live in a log cabin folks who don't want to pay taxes because it's not what St Washington built this country on when the declaration of magna charta was signed in 1776

the people who created this bubble were the post 2017 aug noobs who'd only just heard of bc, the grannies and parents and /biz/ neets who believed the "it's going to the $100k moon" claim made by, believe it or not, people who owned bc

ok, well, who the fk rly knows in the end

>> No.7357346

>>7356710

I play binding of isaac rebirth when I feel manic

you can't control what you get so you have to do your best

>> No.7357349

>>7357295
yeah close-ish

>> No.7357393

>>7356007
Jews

>> No.7357547

>>7356710
hollow knight has a very immersive world. easily my favourite game of last year

>> No.7357917

So is there a tutorial for buying bitcoin? I want to try it now.

>> No.7357933

>>7357333
I agree bitcoin has no value but its not fair to lump all of crypto in with that. there are plenty of smart contract projects out there that will actually improve upon existing solutions and have real value outside speculation

>> No.7357991

>>7357917
you can do it trough traders like coin base
buy low sell high

also mining you're going to have too look online
there are pool miners out there too

>> No.7358619

>>7357991
>you can do it trough traders like coin base

Isn't the appeal of crypto is that there is no middle man?

>> No.7358741

>>7356424
2k

>> No.7358857

>>7358619 Doesn't have to be, middle men in bitcoin are alternative.

>> No.7359002

>>7356502
cute rat bf don't >> me

>> No.7359039

>>7358857
Soo... how do I do it then?

>> No.7359062

>>7356710
night in the woods
oxenfree
Kentucky route Zero
all narrative based games with some paranormal elements

>> No.7359198

>>7356007
https://m.youtube.com/watch?v=PHe0bXAIuk0
If you're actually interested

>> No.7359227
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7359227

>>7358619
get a wallet
get a friend (me)
give me some cash
ill send you bitcoin
no middleman

>> No.7359295

>>7356710
elona+, it's pretty complex but you'll be entertained for hours if not months

>> No.7359901

>>7357991
will you lose any money if you buy low and sell high at every single spike?

>> No.7360067

does this mean that gfx cards will start going back down in price? been needing a new one for about a year now

>> No.7360070
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7360070

Alright guys, I'm downloading this mmo. I hope its as fun as I'm led to believe

>> No.7360121
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7360121

>> No.7360192

>>7360070
Real talk, treating this as one global MMO where you can choose your "server" (biz, reddit, bitcointalk, etc.) has been one of the most addicting games of all time. And way less stressful than what I'm assuming a lot of other coiners are going through

>> No.7360204

>>7355972
Think I'm gonna wait and see how the markets open up tomorrow.

>> No.7360259

>>7360067
I wouldn't get your hopes up, only time will tell tbqh.

>> No.7360412

>>7357393
Yeah right, all the Chinese Jews. Jews are just a scapegoat, and redpilled = brainwashed. This is your real wake up call.

>> No.7360676

Tell me /biz/ what will make your internet numbers go back up?

>> No.7360799

The actual truth is: nobody knows

>> No.7360882
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7360882

>thought I was a fucking idiot for not buying when I thought 10k was the dip
>today watching GDAX while blasting TUMBLING DOWN comfy as fuck seeing all these frantic trades

>> No.7361004

>>7355891
thats a broad topic but I'll crack at it: Mania buying, huge unsustained growth period that needed a sell-off. Fears of fraud involving Tether, relating to coordinated attacks creating an air of pessimism surrounding crypto. Crypto community in abit of a civil war, with most in the community turning on the project that started it all: Bitcoin. In that way, crypto investors were slowly killing confidence in their own market. Multiple scams in the sector leading to more pessimism. Wallstreet price manipulation caused by the futures market, which most thought would be positive but turned out to be used to short BTC (which was logical). Bitcoin's fundamental tech is in a period of flux too, and the development side of things needs more time.

Am I missing anything?