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/biz/ - Business & Finance


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11745288 No.11745288 [Reply] [Original]

So all the pink wojaks aside, what's the reason for this crash?

t. curious nocoiner

>> No.11745306

it's whales doing their duty to control the market, so they can be the only ones to push it up.

>> No.11745314

>>11745288
Someone sold a bunch of coins.

>> No.11745320

>>11745288
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHH!!!!!

>> No.11745322

someone pressed enter

>> No.11745323

>>11745288
Hit support, long period of sideways movement with low volume. A whale probably desired to sell and everyone else panicked.

BTC chose a direction and it was down dragging all alts with it.

>> No.11745324

>>11745288
There is some real buttfuckery going on with BCH and the "Hashrate wars" between Bitcoin and the forked version, not to mention there is another hardfork for BCH.

>> No.11745335

It was time

>> No.11745343

>>11745323
And that's the thread, folks.

>> No.11745344

the final beartrap
wint- chinese new year is coming

>> No.11745361

>>11745324
fucking bfags ruinning this market since 2017

>> No.11745362

>>11745324
we have to get rid of Shitcoin and Shitcoin Trash, just let them wallow in their own greed and misery while claiming they are doing it for the community.

>> No.11745408
File: 252 KB, 1280x720, CRAB-17.jpg [View same] [iqdb] [saucenao] [google]
11745408

>>11745288
CRAB-17 was a stunning success

>> No.11745436

>>11745323
Thanks for the explanation. Sounds reasonable.

>> No.11745444

>>11745288
CSW wanted to make a point

https://twitter.com/ProfFaustus/status/1062751765601361923?s=20

>> No.11745461

>>11745288
final shakedown before a run. But were so far down, the run is just gunna get us back to even lol. This market is by definition, insane

>> No.11745493

>>11745323
Some chinaman had a multimillion dollar bribe to pay. Macau newspapers will have it within the hour.

>> No.11745534
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11745534

>>11745288
People were waiting for a moon that wasn't coming. After 6+ months of nothing people are done holding this worthless speculative asset and selling before the floor falls out. Anybody who didn't see this coming is delusional

>> No.11745940

Tax season, Chinese cashing out for new year. It does this every year.

>> No.11745998
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11745998

>>11745288
Coinbase fucked up the entire market by adding ZRX and BAT, which immediately began to dump as everyone cashed out, causing an arbitrage chain reaction that fucked over everything else.

>> No.11746002

>>11745288
Months of zero buying pressure

>> No.11746073

>>11745534
dumb frogposter. the moon came, you just missed it.

>> No.11746083

ALL THAT MATTERS IS THE SPLIT

LISTEN TO CRAIG HE IS WRIGHT

>> No.11746135
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11746135

>>11745940
>It does this every year.

>> No.11746153

>>11746135
>2017 was the first year I got into crypto
as expected. look at 2015 and 2016. oh wait you weren't around then.

>> No.11746234
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11746234

>>11746135
It's over. There is no new paradigm. That the massive L and move on with your lives,

>> No.11746951
File: 136 KB, 1280x960, PicsArt_11-14-03.05.42.jpg [View same] [iqdb] [saucenao] [google]
11746951

>>11745288
JP Morgan

>> No.11747076

>>11746073
People thought it would moon again. Nothing happened and now the bagholders are jumping ship

>> No.11747108

>>11745288
THE FLIPPENING

>> No.11747135

>>11745288
http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures

>> No.11747147
File: 597 KB, 1080x2160, Screenshot_20181114-210734.jpg [View same] [iqdb] [saucenao] [google]
11747147

>> No.11747709

>>11745408
The Bogs must be out of jail

>> No.11747736

>>11746083
IM ALL IN NIGGA IM NOT JOLKING

>> No.11747747

>>11747135
dingdingding

>> No.11747757

>>11745288
too many bears pressed F

>> No.11747798

>>11745288
Okay. Crypto prices have been dropping all morning, which means that everybody's waiting for it to hit rock bottom so they can buy cheap and go long. Which means that the people who own the Bitmex contracts are goin' bat-shit. They're saying, "Hey, we're losing all our goddamn money, and Christmas is just around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife won't f... my wife won't make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now! I can feel it! They out there!

>> No.11747829

Everybody thought it was the bottom, the market does the opposite of the majority

>> No.11747903

BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH IS BCHSV IS BITCOIN IS CASH

>> No.11747949

>>11747798
Look at that S car go!

>> No.11748068

>>11747949
'Cause I'm a karate man! And a karate man bruises on the inside! They don't show their weakness. But you don't know that because you're a big Barry White looking motherfucker! So get outta my face!

>> No.11748466

>>11747076
show me the 2020 chart.
you guys really do operate on short time horizons.

>> No.11748574
File: 2.21 MB, 1087x1623, your_future_10.png [View same] [iqdb] [saucenao] [google]
11748574

>>11745288
>what's the reason for this crash
They all know about the new notes now.

https://www.youtube.com/watch?v=nmtw8grnnUM

They know the only way to get them is with cash and precious metals.