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7384402 No.7384402 [Reply] [Original]

Without devolving into Wojaks and memes, is anyone aware of any legitimate, fundamental reason why the crypto market has tapered by this much?

There doesn't seem to be a single, fundamentals driven factor doing this, that I'm aware of.

I know the Winkelvoss people sold approx. several thousand tokens, but with the daily volumes that we see, that's not even a drop in the bucket to move prices.

Any thoughts?

>> No.7384716

Its a volatile market to begin with so one person or groups of people selling any amount that disrupts it can cascade the entire situation directly into the shitter. Its more than likely an elaborate plan from large banking firms that we know invested heavily into crypto to inflate the market and then skate away with the cash from all the gullible tag alongs they lured in with all media buzz.

It was a ponzi honeypot and everyone fell for it.

>> No.7384842

>>7384402
> Natural correction
> The market always crash on the beginning of the year
> A lot of fud from press, banks and governments

>> No.7384865

>>7384402
china fud retard it's almost as if you've never seen this before

>> No.7385033
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7385033

>>7384716

This could be.

It started feeling like one after BTC hit $3K in late summer, and then continued to ascend. We also had a lot of institutions come in around that time, so it makes sense that they are cashing out now.

I support BTC going back to a stable $4K range and letting crypto develop more market and commerce applications, rather than FOMO and hype. It's more healthy.

Glad we're past the hype stage.

>> No.7385070

>>7384865

China FUD was early fall 2017 you brainlet shitter.

>> No.7385437

dysfunctional Segwit coin inaccurately calling itself Bitcoin is partially to blame for the market dip.

>> No.7385815

>>7385070
ok newcoin faggot

>> No.7385946

>>7384402
Core problems with btc.
Technically clueless oldfag trading bots dragging down the rest of the market from the downward pressure means no escape to uncorrelated crypto as the bots dump it to cover losses and accrue btc sats.
Likely aggravated by kike fuckery as they're pissed off over politics right now and are attempting to make their displeasure felt.

>> No.7386248

it´s like you guys didn´t know we were at $700 in January 2017....

we are going back to 2k, this is completely normal

>> No.7386350

>>7384402
The gov shutdown and not having a budget has killed the bond markets, possibly taking cryptos with it yo u can thank the democrats

>> No.7387313

>>7386350

>Bonds

>Cryptos

What the fuck lad. How are these even related?