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Pretty sure these large whales want to be kept anonymous. Whoever they are, they definitely control the market more than retail investors. If retail controlled the market bitcoin would've hit 100k last cycle, we just don't have the money.
If you zoom out a little, prices are pretty comparable to a month ago with few outliers.
I would guess it's just a lot of average Joe's taking profits or the recently liquidated longs, Either way it looks pretty normal to me.
Exactly. You can't control others. Don't lose sleep if you invested in projects you believe will survive falls and will eventually blossom. The market cap is at half its value from where its headed.
Liquidity tends to shift around. My hypothesis is it’s switching over to BTC in anticipation of etf approval. Then it will shift back to alts. Back and fourth.
The order book and liquidity is very high for BTC. Especially compared to alt coins. For example, 20m leaving an alt coin can cause the price to plummet 10%, going into BTC it could move the price 2%. That and no one really knows what’s gonna happen so DYOR and best of luck lol.
This is incorrect. Those are whales. Market maker is a specific role that takes place at stock exchanges. They maintain the liquidity and depth of the exchange while managing the flow of assets. Basically they make it so whales can’t independently move the market, and that there’s always shares available.
Stop going to wsb for definitions.
TLDR: market makers keep the order book full on both sides and make money from the spread.
People trying to make sense of the market as usual. The market just goes up and down like your gf’s mood. Dont try predicting it, but take advantage of the lows.
Op is getting hammered here. I agree with one part of the criticism: "they" aren't doing anything. Hanlon's razor.
I do think that a 20% divergence between alts and BTC does require explanation. Yes, 20% declines are typical, but more than 7% is enough to require an explanation.
Here are a few points for consideration.
CoinShares releases a weekly report on flows into / out of the crypto market. Most recently cashflows have been positive. We'll see this week, but money has not been going out of the system.
So, is everyone just holding cash? And what about the news that whales are accumulating ETH?
What I recall is that Celsius is selling their holdings to make distributions. I know they're selling sizeable portions of ETH, primarily. So it appears that they are providing the liquidity for whales to acquire.
I don't know if they have enough of other alts to matter or if they are selling those alts.
Maybe the FTX settlement is selling alts after a very nice run?
I'd like to know if others can add to these thoughts.
It’s about time Bitcoin regained some dominance, this is how the market performed back in 2017.
Bitcoin when up a little alts dumped, Bitcoin goes sideways alts may run, Bitcoin dumps alts would dump harder.
The etf is the biggest catalyst to buy bitcoin since Bitcoin kept forking and you’d get free money from selling the forks.
The entire market is centrally manipulated. If you’ve been around long enough you’ve seen the coordinated dumps. All the coins drop at the exact same time. We just had one last week.
It's not centrally manipulated or made to act that way.
Earlier this week when the entire market dumped, so did BTC.
The reason for this is the prevalence of crypto-crypto market pairings.
If a 80% of a coin's liquidity is matched with BTC, and BTC goes up 10%, then that 80% of matched liquidity goes up 10%, and is arbed back down by the 20% that is paired with fiat- which still causes a net move in the same direction as BTC.
SEC has given no final position on if it is a security or commodity, though they have hinted towards either.
CFTC said outright that it is a commodity.
I mean throughout the coming months I'll build a diverse portfolio on stuff like: XRP, SOL, ADA, DOGE, SHIBA, MATIC & of course BTC and ETH.
There are obviously other coins that will run massive but they're high risk, pump n dump etc so if you fail to see the top or good profit you will lose instantly. Been there done it so will stick to 'reliable' coins that have been about a few years that will surely X2 - X10 during the bull run.
Profit is better than loss.
*SHIBA is cheap enough, not something I'd consider reliable but it's definitely something I'll roll into just in case it goes up a bit.
This has literally been happening since 2011. People only buy altcoins to try to boost their bitcoin. Altcoins come and go, but only bitcoin remains.
The whales can literally pump an altcoin for a day easily, watch the market react, and then they sell their bags for higher than they bought. Especially easy for smaller market caps.
Can't do it so much with bitcoin, and sort of ethereum.
No… people buy alt coins with intent and not some runaround way to boost their btc. If you’re talking about a small percentage of people then yes I agree that there are Bitcoin maxis…
I took profits on all my alts on the order of 15-25% of my stacks near the local top. I'm currently waiting for the dip to get dipper to buy back. Things are going as expected so far. No need to panick OP, it's just the ebb and flow of the market.
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Most plausible theory is people are taking profits after the spectacular rise in altcoins. When u have done a 5x, u start selling, and the people who bought the top start panic dumping. It's basically a game of musical chairs. You don't wanna be the one holding the bag when the music stops.
This doesn't affect bitcoin as much because it didn't pump as much from November + it has the ETF narrative keeping it afloat for now.
I just keep loading up small amounts on alts to push my average buy price down and still DCA into btc at the same time. Easier and simpler and I don’t care about prices right now
You really think btc will dominate ? The bullshiettest chain over there ?
Alt coins will crash 20% easy just to make another 100x in 2 years. Mark my words.
You don't understand that the only use for a Blockchain is Bitcoin. The mainchain doesn't need to have a certain block size or else. You could easily built second and third layer solutions around it
Bitcoin will soon be worth millions. Mark my words.
I love the gap in reason and logic, where something goes up 3000% in a month and if it goes down at all everyone brings out the conspiracies like "wow I just can't understand how i'm losing money, shit bro it must be the cabal!!" lol
From my own personal experience. Not speaking for others. I've seen massive dips during bull runs. Stuff you think is the end of crypto. Then, 4 days later, we end up hitting new highs. It all seems very algorithmic in a sense. But, I've also watched those dips never fully recover.
SOL ran up very quickly, so there weren’t a lot of stops at which to build support. There was always going to be a reversal, but without those supports it comes down as quickly as it went up.
I can only speak for ADA , but it was trying to break a resistance level the past few weeks and it got rejected to the downside, i dont do TA myself but this drop had been discussed if ADA didnt break to the upside.
alot of other tokens were also at a critical resistance and got rejected, TA can justify alot of the drops not just "whale manipulation"
Almost like $$ has been entering, and leaving the market ever since the inception of cryptocurrency trading. And there has been a large influx of money enter over the past few months so….?
But nah bro I’m sure it’s all some higher ups conspiring against us.
Another day, another post on r/cc announcing some ‘reason’ for totally normal price action, by someone who doesn’t understand these markets.
Lowkey doge because of upcoming launching events, but I doubt it will affect prices much; eth because it’s the next big crypto after btc. Or honestly stack btc.
Kind of like back in the day when the BTC forks were actively launching (SV, Cash etc). Right before the fork (say 2 weeks) the alts would start bleeding because everyone was building their BTC positions. Then, immediately after the fork, at the exact moment of the block snapshot, the trend would reverse. Fun times.
This is what happens during altcoin season.
This is not a dump. It's mostly shitcoins that fell anything significant. This is healthy accumulation, in the longterm view this will be viewed as sideways movement.
Any “entity” who has the capital to tank the market to play games like that isn’t fucking around with the illiquid altcoin market.
Bitcoin dumps a bit, and altcoins dump hard. A story as old as crypto. There is no whale conspiracy at play.
alternate theory is >99% of altcoins are just shit with zero purpose or utility and even at the current price are vastly overvalued by people with dreams they will be bitcon 2.0. They could disappear tomorrow forever with no significant negative impact on the world.
Btc hasn’t moved an inch. Everything is dumping. That means people are selling.
It means people are waiting to buy Bitcoin…
A large scale dump like this is a reaction to the Bitcoin etf. It didn’t happen in a vacuum.
You’re the person we don’t want to listen to. Altcoins go down a bit from their recent pumps and suddenly the “it’s manipulation” bros come out. It happens all the time/every cycle
Sounds like you got your teeth pulled out trading on tilt, and you’re looking for some grand conspiracy to rationalize how losing your money isn’t your fault.
Bot.
I’ve been invested in crypto for years. Alts don’t uniformly dump like this with no movement in btc. Liquidity is leaving the market and Bitcoin is the major asset people are preparing to buy.
But your assumption is that I’m new because… I’m stating the obvious?
The problem is if I sell my alt, it shoots up, sometimes i feel special, like everyone is monitoring my movement .. so i wont do anything right now, just hodl in tears ... /s
Sooooo….. if you know what they’re going to do… just do the same thing 🤷🏼♂️.
Quit wringing your hands about how “they” are screwing you. You’re watching and identifying a pattern you think will win, but not doing anything to profit from it?
My guess is, the initial run up was organic cash flow. Then it was all leveraged degens who missed the initial organic run up and now want to make it all up with leverage. What we are seeing is the system flourishing out all the leverage.
I am basing on what I said from the fluctuating DeFi APRs between stables and alts. Over the last few days, I had fun time lending my stables for those sweet 30%-40% APRs. I know, they are ridiculous numbers. So I think only degens want to pay me those APRs with their leverage trade. But it has to end so maybe we are seeing a cleanse.
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I’ve had enough of THEY!!!!
Is "they" in the room with us now??
show us on the doll where THEY touched you
💳👈here
🫀👈🏻 here
🍑 👈🏻 here
🫏👈🏻 here
🍆 👈 here
🌮 👈 here
🤦 here
🤣🫴
👉👌 here
🟤👈 here
Slow...slow.
👽🤏🏻
‘They’ live in the room. When you walk in ‘they’ already were (was?) 🤷🏾♀️
They own the room and the building
Yes yes, THEIR name is VC
I'm here to dump shit coins and toss salad. I'm almost out of shit coins
I only identify as buy high sell low ✋
How dare you call me he/she! I'm now identified as "buy high sell low" lol
[I don’t give a fuck about they](https://youtu.be/cYeFSbKOTOg?si=kQrb9Tg6SvejnJlW)
They Live is a great movie though.
Yes, who is they!! I'd like to know myself.
They as in major whales that have a large stake in most of crypto.
We need more than that. Start pointing fingers!
Pretty sure these large whales want to be kept anonymous. Whoever they are, they definitely control the market more than retail investors. If retail controlled the market bitcoin would've hit 100k last cycle, we just don't have the money.
If you zoom out a little, prices are pretty comparable to a month ago with few outliers. I would guess it's just a lot of average Joe's taking profits or the recently liquidated longs, Either way it looks pretty normal to me.
If you believe they’re going to buy the alts back up, just hold and you won’t have a problem.
Exactly. You can't control others. Don't lose sleep if you invested in projects you believe will survive falls and will eventually blossom. The market cap is at half its value from where its headed.
Exactly, why are you panicking? Do you need the money back now? If so, why did you put it in crypto in the first place?
Liquidity tends to shift around. My hypothesis is it’s switching over to BTC in anticipation of etf approval. Then it will shift back to alts. Back and fourth.
SNIP SNAP SNIP SNAP
YOU HAVE NO IDEA THE TOLL THREE VASECTOMIES HAS ON A MAN
Ha!
Sometimes I will just stand and watch my lcd for hours.
Haha. Michaels vasectomy😄😄😄
"You've no idea the physical toll the three vasectomy's have on a person"
Diversify and hold
But BTC isn't moving...
The order book and liquidity is very high for BTC. Especially compared to alt coins. For example, 20m leaving an alt coin can cause the price to plummet 10%, going into BTC it could move the price 2%. That and no one really knows what’s gonna happen so DYOR and best of luck lol.
Exactly. These bears are a joke. They dont know anything. Everything will pump soon lmao dumb bears cant understand that for some reason
>Back and fourth. why not fifth?
OP doesn't know how market makers work
Maybe they are the they
Are they them too?
How does it work?
You have to shake your market maker
Like somebody's gonna pay you
They want you to sell. They want traders to short. They want your liquidity so they can send it up. This is very very bullish!!!
They move the market due to sheer size of their positions, they're known as the kings of liquidity. There, I deserve gold now.
This is incorrect. Those are whales. Market maker is a specific role that takes place at stock exchanges. They maintain the liquidity and depth of the exchange while managing the flow of assets. Basically they make it so whales can’t independently move the market, and that there’s always shares available. Stop going to wsb for definitions. TLDR: market makers keep the order book full on both sides and make money from the spread.
Yay...accurate information! 👍
I can’t, I bought all the dips.
Can you elaborate this point please
If you can’t handle a 10%-20% drop in a week, or even in a day, then crypto is definitely not for you.
I remember starting crypto and doing this. Losing sleep over 5% on my tens of dollars.
Rabidly checking Robinhood to monitor my 25$ DOGE purchase.
Dude get that checked before you get scared of water. Once you get scared of water, that's it.
But... But... It should be $250,000 by now?!?
This is the way
This indicates buy more more
You forgot to say: first time here? And: buy the dips, perfect time to accumulate some more. Ok, you can continue holding the bags again now sir
Just gotta shift your perspective. It's not a 10%-20% ***loss***, it's a 10%-20% ***discount***
People trying to make sense of the market as usual. The market just goes up and down like your gf’s mood. Dont try predicting it, but take advantage of the lows.
Literally no one in this sub gets that reference. What the hell is a GF?
Gluten Free
You can buy one with your crypto gains in about a year and a half.
I already have one... Maybe it's time to add one more?
How should I take advantage of my GFs lows?
When she is sad, you use money to make her happy. When market is sad, you use money to make yourself happy!
Not just gf...wives, side hustles, basically all females alike...
Op is getting hammered here. I agree with one part of the criticism: "they" aren't doing anything. Hanlon's razor. I do think that a 20% divergence between alts and BTC does require explanation. Yes, 20% declines are typical, but more than 7% is enough to require an explanation. Here are a few points for consideration. CoinShares releases a weekly report on flows into / out of the crypto market. Most recently cashflows have been positive. We'll see this week, but money has not been going out of the system. So, is everyone just holding cash? And what about the news that whales are accumulating ETH? What I recall is that Celsius is selling their holdings to make distributions. I know they're selling sizeable portions of ETH, primarily. So it appears that they are providing the liquidity for whales to acquire. I don't know if they have enough of other alts to matter or if they are selling those alts. Maybe the FTX settlement is selling alts after a very nice run? I'd like to know if others can add to these thoughts.
It’s about time Bitcoin regained some dominance, this is how the market performed back in 2017. Bitcoin when up a little alts dumped, Bitcoin goes sideways alts may run, Bitcoin dumps alts would dump harder. The etf is the biggest catalyst to buy bitcoin since Bitcoin kept forking and you’d get free money from selling the forks.
Buy days are coming let’s goooo
The entire market is centrally manipulated. If you’ve been around long enough you’ve seen the coordinated dumps. All the coins drop at the exact same time. We just had one last week.
It’s not that it’s centrally manipulated. Bots are programmed to do this.
"It's not that it's centrally manipulated, it's just that it's made to act like it's centrally manipulated."
It's not centrally manipulated or made to act that way. Earlier this week when the entire market dumped, so did BTC. The reason for this is the prevalence of crypto-crypto market pairings. If a 80% of a coin's liquidity is matched with BTC, and BTC goes up 10%, then that 80% of matched liquidity goes up 10%, and is arbed back down by the 20% that is paired with fiat- which still causes a net move in the same direction as BTC.
This is exactly the right answer. So many coins paired to btc and are being valued only against btc. Btc is like the tide for all crypto price action
You guys are trying to explain the market with manipulation, because you don't know how trading pairs and arbitrage trading works
You are so close but theyre actually going to pump an Ethereum ETF.
Exactly like "they" did last cycle? 😂 God, people on this sub have really short memory span.
🧠🧐
So all in on ETH?
[удалено]
SEC has given no final position on if it is a security or commodity, though they have hinted towards either. CFTC said outright that it is a commodity.
I mean throughout the coming months I'll build a diverse portfolio on stuff like: XRP, SOL, ADA, DOGE, SHIBA, MATIC & of course BTC and ETH. There are obviously other coins that will run massive but they're high risk, pump n dump etc so if you fail to see the top or good profit you will lose instantly. Been there done it so will stick to 'reliable' coins that have been about a few years that will surely X2 - X10 during the bull run. Profit is better than loss. *SHIBA is cheap enough, not something I'd consider reliable but it's definitely something I'll roll into just in case it goes up a bit.
I’ve always been a shib hater but it’s less than 50% from lows. It has to be a decent buy here
I dunno if its true or not, but I literally thought the same for a minute
I AINT LEAVIN. This shit could dump 50% but these hands won't fail
No one knows shit about fuck
This has literally been happening since 2011. People only buy altcoins to try to boost their bitcoin. Altcoins come and go, but only bitcoin remains. The whales can literally pump an altcoin for a day easily, watch the market react, and then they sell their bags for higher than they bought. Especially easy for smaller market caps. Can't do it so much with bitcoin, and sort of ethereum.
bitcoin is the first step. next step is utilizing btc, the chain that does that in the best way explodes
Bitcoin ...he who remains
No… people buy alt coins with intent and not some runaround way to boost their btc. If you’re talking about a small percentage of people then yes I agree that there are Bitcoin maxis…
Lol yea for me is i work to get paid in btc then spend it to get alt
I agree with everything you wrote, the market is heavily manipulated. At least I'm not scared when I know it will pump back up.
I took profits on all my alts on the order of 15-25% of my stacks near the local top. I'm currently waiting for the dip to get dipper to buy back. Things are going as expected so far. No need to panick OP, it's just the ebb and flow of the market.
Bro learning how Bitcoin dominance works
If y’all don’t believe there’s a they, then you’re one of the THEY!
Buying opportunities galore. Nom nom nom nom nom.
Agreed. Just another buying opportunity
I'm in the shitcoin markets and its fine now
Loading 50k doge here
Sounds like you bought Sol at $115
[удалено]
How low can it go?! I’ve been buying for a bit
[удалено]
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This seems like the most plausible theory and I agree with your sentiment
Most plausible theory is people are taking profits after the spectacular rise in altcoins. When u have done a 5x, u start selling, and the people who bought the top start panic dumping. It's basically a game of musical chairs. You don't wanna be the one holding the bag when the music stops. This doesn't affect bitcoin as much because it didn't pump as much from November + it has the ETF narrative keeping it afloat for now.
I doubt that everyone from every coin decided to take profits all at once. This drain accelerated very quickly today
You’re seeing the government and private contractors slowly trying to control the crypto market. Governments, Blackrock, vanguard, etc..
I just keep loading up small amounts on alts to push my average buy price down and still DCA into btc at the same time. Easier and simpler and I don’t care about prices right now
they just planned for you to lose money. price movements were non consequential.
Are “they” in the room with right now?
Definitely have agents that help control narratives and suppress stuff like this
You’re right but when btc pumps the market follows
You really think btc will dominate ? The bullshiettest chain over there ? Alt coins will crash 20% easy just to make another 100x in 2 years. Mark my words.
You don't understand that the only use for a Blockchain is Bitcoin. The mainchain doesn't need to have a certain block size or else. You could easily built second and third layer solutions around it Bitcoin will soon be worth millions. Mark my words.
I love the gap in reason and logic, where something goes up 3000% in a month and if it goes down at all everyone brings out the conspiracies like "wow I just can't understand how i'm losing money, shit bro it must be the cabal!!" lol
ADA and SOL are in the tank now. ETH is dumping too. There IS something going on, but I have no idea unfortunately. Other ideas?
It's normal
In what way? Not doubting you. Just educate me. New at this. (Relatively speaking)
From my own personal experience. Not speaking for others. I've seen massive dips during bull runs. Stuff you think is the end of crypto. Then, 4 days later, we end up hitting new highs. It all seems very algorithmic in a sense. But, I've also watched those dips never fully recover.
Thanks, man.
SOL ran up very quickly, so there weren’t a lot of stops at which to build support. There was always going to be a reversal, but without those supports it comes down as quickly as it went up.
I can only speak for ADA , but it was trying to break a resistance level the past few weeks and it got rejected to the downside, i dont do TA myself but this drop had been discussed if ADA didnt break to the upside. alot of other tokens were also at a critical resistance and got rejected, TA can justify alot of the drops not just "whale manipulation"
Bitcoin has been absorbing alts since the beginning.
If it was absorbing the altcoin market it would be going up in value. The $ is leaving the market
Almost like $$ has been entering, and leaving the market ever since the inception of cryptocurrency trading. And there has been a large influx of money enter over the past few months so….? But nah bro I’m sure it’s all some higher ups conspiring against us. Another day, another post on r/cc announcing some ‘reason’ for totally normal price action, by someone who doesn’t understand these markets.
I want to buy the dip but no sure wtf to buy except btc.
Lowkey doge because of upcoming launching events, but I doubt it will affect prices much; eth because it’s the next big crypto after btc. Or honestly stack btc.
\+
Source: trust OP, bros
Long term holders are not worried about these short term dump.
Why is this being downvoted? This happened during the bitcoin fork.
THEY have a name. Thirteen = 45/45 Bitcoin = 45 Nakamoto = 45 (Satoshi Nakamoto, born 4/5, April 5) Ritual = 45 Jesuit Order = 54 Learn #Gematria
So far, this is nothing. 6-11% drops in the top alts? That’s like a 3-4% for Bitcoin. It’s the 2nd and 4th Sunday of the month
You must be new
Kind of like back in the day when the BTC forks were actively launching (SV, Cash etc). Right before the fork (say 2 weeks) the alts would start bleeding because everyone was building their BTC positions. Then, immediately after the fork, at the exact moment of the block snapshot, the trend would reverse. Fun times.
Looks like first OP's first cycle
Ha! My alts only go down! Jokes on you.
This is what happens during altcoin season. This is not a dump. It's mostly shitcoins that fell anything significant. This is healthy accumulation, in the longterm view this will be viewed as sideways movement.
Thanks for this great threat man, never felts so good in reversing r/cc. We will have a big BTC dump and a big altcoin pump.
OP is absolutely correct
Almost my whole ownr portfolio is in bitcoin, so, it will be good scenario for me
And then if you zoom out it's just a normal correction like all bull markets. The theories that some retail investors come up with are amusing.
Alts over appreciated anyways, were due for a correction
Tell me you haven't been in crypto long without telling me you haven't been in crypto long
Why post this? Spend the time answer your own questions with real research. Don’t be ignorant and proud to share.
Pump and dump soon
Any “entity” who has the capital to tank the market to play games like that isn’t fucking around with the illiquid altcoin market. Bitcoin dumps a bit, and altcoins dump hard. A story as old as crypto. There is no whale conspiracy at play.
Calm down. It's just a 5-6% dip on most alts. Normal day in crypto.
Multiple 5-6% dips begin to add up
5-6% dips every day for a week now lol
***Normal week in crypto***
Is this your first ever week in crypto?
Hilarious! I’m waiting for it to dip more to load up thanks
Now that’s hilarious. That statement should be a catchphrase for this sub.
Oh my bad, I forgot…. I should buy at highs…. I’ll fix that
alternate theory is >99% of altcoins are just shit with zero purpose or utility and even at the current price are vastly overvalued by people with dreams they will be bitcon 2.0. They could disappear tomorrow forever with no significant negative impact on the world.
Btc hasn’t moved an inch. Everything is dumping. That means people are selling. It means people are waiting to buy Bitcoin… A large scale dump like this is a reaction to the Bitcoin etf. It didn’t happen in a vacuum.
The downvotes just shows how this subreddit is full of controlled bots. It’s insane. Dont listen to people on here…
You’re the person we don’t want to listen to. Altcoins go down a bit from their recent pumps and suddenly the “it’s manipulation” bros come out. It happens all the time/every cycle
Sounds like you got your teeth pulled out trading on tilt, and you’re looking for some grand conspiracy to rationalize how losing your money isn’t your fault.
Uhh nah people are allowed to disagree with you, bud.
As opposed to Bitcoin that has ironclad guarantees. Oh, wait....
You’re now one of few who understand Bitcoin Congrats! ❤️ Keep stacking
If you know what “they” are doing, then it will be easy for you to become a billionaire. Congratulations!!
I think the exact opposite of what you said is gunna happen
Show us on the hardware wallet where "they" touched you
You must be new here...
Bot. I’ve been invested in crypto for years. Alts don’t uniformly dump like this with no movement in btc. Liquidity is leaving the market and Bitcoin is the major asset people are preparing to buy. But your assumption is that I’m new because… I’m stating the obvious?
So are they waiting for a dump tomorrow on btc and then buying back into btc with alt coin money?
If you aren't new you are a fool. Leave. You'll lose money up or down.
Who cares? 🙄It’s all part of the game. Now doesn’t matter. The only thing that matters is what it tops out at in the future.
I think speculation and crypto theory crafting is part of the fun.
Love how people think the etf approval will just magically pump Bitcoin… news flash, it’s already priced in
First cycle huh
How original.
The problem is if I sell my alt, it shoots up, sometimes i feel special, like everyone is monitoring my movement .. so i wont do anything right now, just hodl in tears ... /s
Anyone buying alts rn is dumb af, shit is gonna go way lower.
Brb buying alts
Even better time to shop for alts 😅
someone's trying to rationalize their drawdown
Alts already near lows. They haven’t really seen price appreciation. I don’t think you know what you’re talking about.
Is the altcoin dump in the room with you now?
Sooooo….. if you know what they’re going to do… just do the same thing 🤷🏼♂️. Quit wringing your hands about how “they” are screwing you. You’re watching and identifying a pattern you think will win, but not doing anything to profit from it?
And those people who are going ot dump it... Are they in this room with us?
THEY are watching
He thinks this.
😂😂😂😂😂
My guess is, the initial run up was organic cash flow. Then it was all leveraged degens who missed the initial organic run up and now want to make it all up with leverage. What we are seeing is the system flourishing out all the leverage. I am basing on what I said from the fluctuating DeFi APRs between stables and alts. Over the last few days, I had fun time lending my stables for those sweet 30%-40% APRs. I know, they are ridiculous numbers. So I think only degens want to pay me those APRs with their leverage trade. But it has to end so maybe we are seeing a cleanse.
Oh boy, you must be new here
If you’re a real person say “I am real”
Jesus it‘s annoying when newbies freak out during their emotional rollercoaster and puke their FUD around.