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/biz/ - Business & Finance

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21718978 No.21718978 [Reply] [Original]

Why is it crashing so insanely hard?

>> No.21719019

because retail traders are buying the dips and whales need more time

>> No.21719024

>>21718978
It’s not crashing, it’s going through a healthy correction about pulling $16 fucking dollars in a vertical line up in a span of left than a month

>> No.21719030

>>21718978
purge weak hands
Too much market cap isn't good for an introductory token and this is just now taking off

>> No.21719029

>>21718978
Because it pumped insanely hard, stupid nigger?

>> No.21719035

Because people are selling

(They arent stupid bagholders like you)

>> No.21719039

It went up insanely hard, so it's crashing insanely hard. This usually happens during bubbles.

>> No.21719074

>>21718978
Hasn’t even started yet.

>> No.21719083

>>21718978
It was always going to capitulate after the pump, but the problem is a bunch of normies brought at the top and are selling.

>> No.21719106
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21719106

To be fair, you have to have a very high IQ to understand how Chainlink works.
Its superiority is only hinted very subtle, and without a solid dose of advanced autism most of the Lambos will go over a typical /biz/tards head. There's also Sergey Nazarovas very nihilistic outlook, which is deftly woven into his characterisation, his personal philosophy draws heavily from /biz/ shitposting.
The real frens of course understand this; they have the intellectual capacity to truly appreciate the depths of this coin, to realize that it’s not just le funny memes. They know it also says something deep about the society we are living in.
As a consequence people who don’t trust Chainlink truly ARE idiots. Of course they wouldn't appreciate, for instance, the genius in Nazarovs iconic catchphrase
"Get in here faggot, we’re gonna save the blockchain"
which itself is a semi-cryptic reference to the amazing russian epic 'Crime and Punishment' or the struggle of life itself.
I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Sergeys genius wit unfolds itself on their screens. What fools.. how I pity them.
And yes, by the way, i DO have my wallet QR Code tattooed.
And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.
Nothing personnel fren.

>> No.21719121
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21719121

>>21718978
They finally discovered Sergey's underground bigmac lair.

>> No.21719123

normies who buy high and sell low

>> No.21719140

>>21718978
The huge upswing was driven by short squeezes followed by whales buying in massive amounts, likely intending to short after they dumped the peak

you can read into other motivations but mechanically it was market manipulation coming off the back of a huge squeeze

>> No.21719148

>>21718978
Psychological resistance at $16 broke. x75 short leverage is available. Figure it out.

>> No.21719150
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21719150

>>21719029

>> No.21719174

>>21718978
THERE WASNT EVEN A RETURN TO NORMAL PHASE WHAT THE FUCKING HELL

>> No.21719188

>>21719106
Sloppy fucking job IDF

>> No.21719251

>>21719174
That means we’re not in the bull trap.
This is the bear trap. Strap in boys, $25 this time next week.

>> No.21719275

>>21719140
here’s how I see it btw

seeing an opportunity, whale dumps in tens of millions to pump and trigger fomo. they open a short at the top, dump everything they can, ride to the bottom, close short, and rebuy at a lower price

>> No.21719433

>>21718978
If it hits $13, I'll be up about 20X from when I bought

>> No.21719572

>>21719024
/biz/ doesn't knows what healthy correction means.

>> No.21719576

>>21719251
This, it’s very obvious. It’s called a “trap” for a reason

>> No.21719638

>not crashing
>$25 next week
you should have containment board called /del/

>> No.21719648

>>21718978
Right now i have much less fear then the time the price was $19. Like said above, this is a healthy correction, i was expecting this a week ago.

>> No.21719741

>>21719648
do you think we're going to single digits
(what's your gut feeling say)

>> No.21719756

I think it’ll go back up but part of me is wishing I sold at $19 and bought back in here. Oh well, I can’t see the future

>> No.21719887
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21719887

>>21719251
>>21719576
This.

obvious bear trap is obvious ;^)

load up on more Bitcoin and Link while you can. you don't want to get priced out again, right??

>> No.21719891

>>21719741
No, way too many new link wallets around the 12-14 range and too many retail buying the dips over those ranges.

>> No.21719933

>>21719891
thank you anon

>> No.21719965

>>21719024
>MUH HEALTHY CORRECTION!!!

COPE

>> No.21720035

>>21719741
we most probably do, remember this jump started at $4

>> No.21720052

>>21720035
the pain is unbearable
oh well

>> No.21720084

>>21719029
this /thread

yet Tesla still going up kek

>> No.21720101

>>21720052
but it's a good opportunity to buy some more

>> No.21720107

AAAAAAAAAAAAAAAHHHHHH SELL SELL SELL SELL SELL SELL SELL SELL

>> No.21720142

>>21718978
because it pumped insanely hard. itll crash to like $4 then climb back over a year or so

>> No.21720154

>>21718978
because im not done accumulating

>> No.21720248

>>21720142
it's like a second chance for those who missed out

>> No.21720289
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21720289

>>21719275
Exactly, most link is held by a relatively small number of whales. But can we please figure out what valuation they want to swing it back up at? $8 is just me throwing shit on the wall but I think that will be my buy back if the momentum doesn't tip me back in quick here and there.

>> No.21720361

>>21719756
Are you suggesting... buy low/sell high?
I thought folk round here didn't do that sort of thing

>> No.21720797

>>21720361
nah, he's dyslexic and got the numbers switched around