[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 120 KB, 403x517, 1606098728430.jpg [View same] [iqdb] [saucenao] [google]
28741473 No.28741473 [Reply] [Original]

why is the whole altcoin market dumping bros? just looking for a simple explanation... my ALGO, GRT and BNT have been fucked royally today

>> No.28741567

my 10x algo long just got liquidated. im quitting cryptos. lost 54k

>> No.28741628

>>28741567
Hahahahahaaahahaohohoho

>> No.28741630

>>28741473
Should’ve sold GRt at ath

>> No.28741667

>>28741628
hehehehe

>> No.28741682

>>28741473
Is it the India FUD?

>> No.28741697

>>28741567
im hodling algo even as the price tanks so that when shit returns to the norm ill have 8% apy and i can also buy the dip.

>> No.28741726

>>28741567
ive been thre bro :( toull feel like shit for a hile but youre alive

>> No.28741821

the downside of buying shitcoins

>> No.28741959

>why is the whole altcoin market dumping bros?
Magic.

>> No.28741968

>>28741697
im with ya there i got in at .30 then bought at 1.70 like a dumb ass so ima just hodl. it will bounce back.

>> No.28742053

>>28741473
lmao @ all you newfags that bought it at >$1

>> No.28742080

When you all gonna realize the hedgies are coming back for their money. Pump the market for week. Get normies on board. Ath everywhere. Pull the plug and profit. Hedge funds make their GME losses back overnight.

>> No.28742227

>>28741473
Btc was pumped and dumped. Doge got fucked with. During the btc pump,to $50k coins were pulled from all alt coins. Chain reaction of falling numbers. So people started to pull their stuff as well.
Now here we are and I am not worried about my funds. It will come back but this is interesting to watch. Though may take a week to get back on track.

>> No.28742287

It’s the cream exploit I’m pretty sure. Just a shakeout

>> No.28742378

What's the correct behavior when this happens? Hodling seems like a recipe for disaster when you could sell and buy back at a lower price point.

>> No.28742447

>>28742378
Short on the way down if you feel adventurous

>> No.28742600

>>28741697
I'm getting 6% on coinbase (I know, amateur normie site) but I'm paranoid and dont trust others.
Are you staking on Algo wallet or a cold wallet? I'd love if I could stake on my own wallet but I'm new to Algo

>> No.28742646

>>28741473
Sold when the crash began and bought right before the bounceback a few minuyes ago, i'm already making so much money

>> No.28742648

>>28742378
Good if you know it is going to drop so far. Bad if it is just a hiccup. Not to mention this hit ALL of the coins.

>> No.28742672

>>28742227
Im not worried either, because i went 100% cash on friday. Only an idiot would hold altcoins once they all start mimicking btc momentum. Copying btc momentum is the most bearish signal alt coins have.

>> No.28742728

>>28741473
>just looking for a simple explanation
It's Sunday.

>> No.28742810

>>28742600
The only reason I'm on cb is bc my state won't let me trade on binance

>> No.28742866

>>28742728
And Chinese New Year

>> No.28742891

>>28741473
Everything is on sale you absolute brainlet

>> No.28742901

>>28742728
Do the big boys move money over into stock or something?

>> No.28742917

bobo needed some honey

>> No.28742983

coudl this because of the india ban?

>> No.28743041

>>28741473
Just loaded more ALGO. feels good I'm gonna make it. 8% apy. Coin going up fast after this.

>> No.28743068

>>28742728
I've noticed this happens most sundays, but what is the reason?

>> No.28743097

Bought another 3k of algo and dot when that shit tanked. Got algo at 1.21 and dot at 24.25. I'm hodling for some years anyway, so if it stays down... I'm going shopping later this week.

>> No.28743120

>>28742080
>gme losses
There weren't any dumb ass

>> No.28743143

>BTC drops 5% after pumping 10% last week
>omg its over better sell everything

I no longer wonder why people lost their money on MCDC here

>> No.28743160

boobo

>> No.28743221
File: 176 KB, 686x378, 1612478774273.gif [View same] [iqdb] [saucenao] [google]
28743221

Y

>> No.28743264

>>28741567
Didn't you setup a stop loss limit?

>> No.28743424

>>28742646
I just ended up buying a lot today without selling my holds, let's see how that works out for me through the week. I might try swinging next weekend when it dips again though.

>> No.28743606

>>28743097
why would u buy during a bull market to hold for years? when they stop printing money and the bull market ends the market is going to crash just wait until then

>> No.28743673

They warned us of the chinks. Listen we did not

>> No.28743725

>>28741567
rip

>> No.28743820

>>28743068
Pagan rituals, but fear not, for tomorrow is Moonday.

>> No.28743943

>>28742378

Convert your alts to BTC

>> No.28744019

I'm selling end of February and buying back in April. This is the first minor correction, it will teeter a few days from here, climb slow, and burst up again end of Feb. Then tumble. Spike again, slightly, then tank. For two months. May will rise up again.

>> No.28744070

Fucking man the fuck up anons

Whales dumping BTC then using levered shorts to profit off newfags bailing. Close short for profit then reverse and go levered long.

Rinse and repeat

>> No.28744074
File: 60 KB, 892x535, bobo-removes-buy-button.png [View same] [iqdb] [saucenao] [google]
28744074

Sell everything now, the bear market is just starting

>> No.28744249

LOLOL Why?? Gee IDK... perhaps it has something to do with small cap coins all pumping thousands of percent's in a short period of time maybe... bro, don't ever get emotionally attached to your alt coins, especially during alt season

>> No.28744323

>>28743068
Weekly candle Close

>> No.28744392

Buy the dip. Give thanks later.

>> No.28744627

>>28741473
well they all mooned nonstop for five straight weeks... did you think that would continue forever?

>> No.28744673

>>28743606
I mean, at the end of the day, you'll cost average no matter what if you're holding for years. If I buy some now and buy some later... it doesn't really matter too much. I save some and invest some. Ionno, it doesn't feel like it makes sense, but like... I don't know. The ALGO is staking and I'm up like 7-8k on VET, so I'm just doing what I can until whenever. I'm fine unless they ban crypto altogether, bro. I just don't "feel" it like that.

>> No.28744682

>>28741473
To shake off all the newbies per chance?

>> No.28744706

Im glad to see we corrected. I know a lot of folks will disagree but this market was way overextended. Lets the momentum oscillators reset for a bit then we can go back up. That Elon Musk pump fucked us up a bit. We could have consolidated a little bit longer before BTC took off again. We would be well over 50k by now if Elon hadn't tweeted that

>> No.28744744

>>28741567
Buying crypto is enough of a gamble it's self
Why do people literally gamble with longs and shorts

>> No.28744842

>>28744627
YES

>> No.28744888

>>28744744
Faggot youtubers bait them into it like The Moon. They target the humans number one weakness, Greed

>> No.28744969

>>28744744
>this
it's literally exponential gambling kek

>> No.28745008

>>28742053
Are you retarded? People buying over $1 is how the price gets pushed higher you absolute fucking mongoloid.

>> No.28745032

>>28744627
this. ETH broke their all time high 3-4 times. A collapse was inevitable.

>> No.28745084

>>28742672
Why?

>> No.28745123

>>28745008
Yea but selling is how you make money.

>> No.28745242
File: 2 KB, 200x200, 421364726472.png [View same] [iqdb] [saucenao] [google]
28745242

Hashmarine chad reporting in with a 50k stack just bought in the dip

>> No.28745371
File: 593 KB, 828x1028, 96379AF3-4784-47AB-AD8A-0864A78F6608.jpg [View same] [iqdb] [saucenao] [google]
28745371

>hedgies assfractured over GME
>they pump shitcoinz to get nirmies and millennials on board
>they pull the plug to recover profits
>they use the crash to push for stock market style regulation on crypto

>> No.28745421
File: 61 KB, 540x680, 1612067073792.jpg [View same] [iqdb] [saucenao] [google]
28745421

>>28744888
Full House Digits Checked and Witnessed.

>> No.28745444

>>28741821
shitcoins for shitpeople

>> No.28745715
File: 224 KB, 500x464, 1584105929751.png [View same] [iqdb] [saucenao] [google]
28745715

>>28745008
ok and? I got in before they did and I'm rewarded for it. Sorry about your loses newfriend, stay awhile longer and maybe you'll secure gains by buying in early next time.

>> No.28745747
File: 12 KB, 234x216, lmaoaljew.jpg [View same] [iqdb] [saucenao] [google]
28745747

>>28741473
>ALGO, GRT
>wonders why his jew coins is failing

>> No.28745818

>>28741567
>leveraging crypto long
you brought this on yourself

>> No.28745851

>>28741567
>10k algo
>liquidated at a tremendous loss
You fucking deserve to be poor.

>> No.28745916

>>28745851
I have 5k ALGO as well, but I'm not selling... the claim is that you don't lose until you sell.

>> No.28745966

>>28742600
Coinbase are jews who steal your algo gains.
Set up an algo wallet, takes 5 seconds and there is a phone app. 8% you get max gains

>> No.28746034

>>28743606
>when they stop printing money
They will never stop printing money anon. Ever.

>> No.28746056

Bought some Litentry (LIT). Converted all my alts into this. Going balls deep.

>> No.28746171
File: 907 KB, 500x394, 1450474130915.gif [View same] [iqdb] [saucenao] [google]
28746171

>stop order for ADA triggered at 0.75
>already back up to .80
Fuck where do I put this money now

>> No.28746413

>>28746171
>stoploss
ngmi

>> No.28746438

>>28746171
Yeah, what's crazy? ADA was down long enough for you to make a run on it at a lower price. Depending on if you got in around .31 cents.... I'd just put it back in. You'd still be in profit.

>> No.28747057

dubs and crypto tanks 5evar

>> No.28747120
File: 161 KB, 1080x2032, original_288187970.jpg [View same] [iqdb] [saucenao] [google]
28747120

>>28741473

It's unironically over

Long Cliffs

https://stocktwits.com/symbol/CLF

$CLF
02/2021
>Biden says China will 'eat our lunch' if U.S. doesn't move on infrastructure

https://www.cnbc.com/2021/02/11/biden-says-china-will-eat-our-lunch-on-infrastructure.html

---------
$CLF
02/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

---------
$CLF
02/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

>> No.28747699

>>28742983
No, it's because the whole market was going up for a week now bots and whales are profit taking.

>> No.28747771

>>28742080
>hedgies
You have to go back

>> No.28748668

>>28745084
Because it is literally just people fomoing in hoping for "the next bitcoin". There is no reason any coin should be tied to another, well unless there is a tied to it in some programmed way. A way to look at it would be BTC is USD and alt coins are Yen, Euro, etc. They tend to move separately relative to each other.

>> No.28749288

>>28745371
STOP POSTING PORN I DON'T WANT TO JACK OFF

>> No.28750125

Does anyone else find comfort in pink wojak days? It’s back to reality and shakes off the remainder of tourists