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/biz/ - Business & Finance

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52541224 No.52541224 [Reply] [Original]

Why is BTC dumping so damn hard? Fuck I hate the whales.

>> No.52541268

FTX has no bitcoin. People who lost $100s of millions in dollars loaned to them on FTX, are needing to sell their BTC stacks to cover their losses + retards selling the bottom

>> No.52541326

>>52541224
it's a recession, you retarded bidet voter

>> No.52541347

>>52541268
>the bottom months ago
>the bottom last month
>the bottom last week
>the new bottom every day
stay mad, retarded mumutard
i hope you end up homeless and die frozen wrapped in a ukraine flag

>> No.52541358

>>52541224
>liquidating
LIQUIDATING HAHAHAAHAH

>> No.52541364

>>52541268
>retards selling the bottom
Then it's not the bottom then is it?

>> No.52541383

>>52541347
You need to take your medicine

>> No.52541398

ftx hacker dumping eth
will dump btc next
frontrun

>> No.52541441

>>52541224
I think you have to recognize that this space is filled with normies and non-finance people who have zero understanding of what is actually happening whenever there is a black swan event, who have zero understanding of the tech they've bought into, and zero understanding of finance/investing in general. Even worse are a lot of the people on this board or people who have been invested in crypto for a few years, who--- while they're not finance people--- fancy themselves as self-taught amateur market experts, and draw all kinds of complicated TA on their tradingview that never pans out, and come on here posting threads with retarded calls by reading one oscillator or something ("Weekly Stoch RSI is back at 0! BTC is done!!!!").

Anyway, all these people see a negative headline remotely related to crypto (every night on the news, in the case of FTX), or they see a few big red candles and price dumping, or they just generally/easily get panicked, and they start selling no matter how those things actually affect the fundamentals of the thing they're selling. >>52541268 is right that you probably have some people selling their crypto to stay solvent as their other investments/cryptos are legitimately killed by the FTX situation, but I would bet that the overwhelming majority are people who sell off all their crypto when there is a remotely spooky headline and have a very poor understanding of the space and the tech. Normies and self-identifying swing traders have been bombarded with SBF and FTX news on the daily and that kind of thing easily scares them... they press "market sell" on everything they own and then wait to fomo into the very next good news event

>> No.52541495
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52541495

>>52541224
Whales do Thanksgiving and Christmas up big so they gotta sell some of their BTC for turkey and black friday sales. No biggie. BTC will be back up to 16.5k soon enough lol

>> No.52541546

>>52541383
you need to wake the fuck up

>> No.52541553
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52541553

>>52541441
The normies are gone and aren't coming back. The nightly news fud isn't causing retail investors to sell, so much as preventing them from buying in at all.
Without the money of fresh suckers, every ponzi scheme collapses under its own weight. And so here we are.

>> No.52541562

>>52541398
>ftx hacker
>
<

>> No.52541579

>>52541553
>ten
>teen
>teeen
kek

>> No.52541594

cause it's going to 3k. see you in 2028

>> No.52541717

>>52541441
midwit ego-splaining of the space is moar cringe than normie dimwits.

Crypto is an experiment for the next level of central banker control and there is no value contained in the "technology." Period. You have been boozled.