[ 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: 122 KB, 400x400, 1652425914517.png [View same] [iqdb] [saucenao] [google]
52283015 No.52283015 [Reply] [Original]

the #27 ranked crypto coin:
>goes down -30%

literally the entirety of crypto, in response:
>goes down -10%

why? It's just a fucking mid tier exchange coin.

>> No.52283035

>>52283015
Sam is selling off to buy his FTT

>> No.52283057

>>52283015
Alameda has their hands in a lot of places anon. FTT going into a death spiral would cause FTX insolvency issues and this they must unload a shit ton of their illiquid shitcoins to prop the price of FTT up. I doubt it’s on the level of LUNA/UST/3AC though.

>> No.52283120

>>52283035
It's just not a fucking meaningful token though. You could probably buy 10% of the supply with 100 BTC. It's only a 3 billion cap, that's like 50x smaller than ethereum. why does saving FTT entail the rest of the market nuking so much? If ALGO, XMR or NEAR crashed 20%, would the rest of the market respond with a 10% dump? It just feels like massive overreaction

>> No.52283682

>>52283120
To answer this question you need to understand Jews, the one question /pol is always right about.

>> No.52283697
File: 1.50 MB, 482x322, 1653538621455.gif [View same] [iqdb] [saucenao] [google]
52283697

the market overreacts in retarded ways. king shitcoin drags everything with it, that people don't see this and realise we're still in infancy stages is retarded and a deluded bear cuck.

>> No.52283700

>>52283682
this but unironically

>> No.52283733

the answer to questions like this is always algorithmic trading bots

>> No.52283744

So fucking sick of this stupid shit dragging down the entire market. What a joke.