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/biz/ - Business & Finance

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3883433 No.3883433 [Reply] [Original]

I'm new, and so far haven't bought anything, just trying to see how it all works, observe volatility, that kind of thing. For an exercise I made a Blockfolio profile and distributed $10k (which is what I'll likely invest) among a bunch of different coins that I read up on and looked good. This was a couple weeks ago and my $10k had actually gone up to $14k just leaving it alone. Anyway the last couple days it's crashing, especially altcoins, and I'm wondering why some are so extreme? Like QTUM is down like ~30%, Kyber is down ~35-40%, these two examples seemed like reasonable coins to me and I get that when BTC increases, altcoins will tend to decrease but these percentages seem pretty drastic.

If anyone feels like throwing me a bone I'd appreciate an explanation as to how this dynamic works and why some of these coins seem to get hit so hard. Is it temporary? Will they restore to the same price as 2 weeks ago? Or have they reached a new floor and could stabilize there in relation to BTC currnet price?

>> No.3883462
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3883462

gg OP
this is now a final fight thread

>> No.3883486
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3883486

>> No.3883612

No one knows. But read up on Vicki crypto bot. Her algorithm made a decent amount apparently

>> No.3883768
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3883768

Qtum was in a regular alternate shape for quite a while. It was suppose to break out at the end of it by rising to 300k+ but instead, because of the btc fork, (fuck dat btw), it actually broke.

But instead of going up, everybody went on the btc and sold all the qtum. If it was not for the fork, it would have moon or build up again to rise to 350 anyway.