What is causing today’s market correction Veeky Forums?
What is causing today’s market correction Veeky Forums?
Levi Scott
Other urls found in this thread:
goo
coindesk.com
rybn.org
rybn.org
twitter.com
Bentley Turner
>Whales selling
>Stop order loss triggered
>Panic sells
Jaxson Martinez
Trend reversal. Change in market sentiment
Landon Cruz
Interesting. Thanks for the input. I didn’t read any FUD today so made me wonder.
Possibly. But whales sell to trigger stop losses and buy back the dip? Makes sense.
Dylan Martin
>Someone sold
>Someone else sees that someone sold and also decides to sell
>Another person sees that someone else sold and also decides to sell
>Mass selling and panic
>Analysts retroactively attempt to apply logic and reason to the market with their "explanation"
Adam Foster
'Correction', lmfao. This is the next major crash.
Aaron Watson
Smart money booking profits and selling bag
Benjamin Peterson
I want to say for the time being we’re just shaking out weak hands. We’ll see if it turns in to something more serious. We may end the day below the short term trend line, but still above the long term barring a further 20% bleed out. We’ll have to see what happens over the next two days. I’d guess we have a pretty good chance to bounce back, but the past week could just as easily be a fake out before we dump even further. Whatever happens I’m holding, just not seeing anything TOO terrible just yet.
Gabriel Stewart
Some jap hacked an exchange and is selling trillions in fake bitcoin.
Landon Morgan
The rise from 9 to 11k was too fast. All parabolic growth is met with a correction.
Logan Mitchell
dude these are perfectly normal market movements, you unironically think it's only going up you dumblet? The market is breathing and if it does it means its alive.
Lucas Barnes
Kek. Pretty much
Logan Cook
Bitcoin couldn't break up past 12k, still trending down.
Daniel White
This, alts are getting rekt a little bit too much though.
Nicholas Rivera
calm down faggit
Gavin Jackson
I agree. Healthy correction from the recent run up. Good time to add to positions.
Colton Hall
Pump in 1 hour. Join in now....
goo dot gl/7ixGXd
Lincoln Mitchell
Anyone who’s not a retard was expecting this. It’s a 2 wave from the bottom at 6k
Aiden Bailey
cause the price of btc nearly doubled in 2 weeks...
Jason Perry
Why are my Factoms getting slaughtered? From 400k support to 300k to 250k
When will it end?
Josiah Scott
money going in to futures
/thread
Gabriel Gutierrez
This and very fast too due to usdt. The game is literally who can move into usdt the moment it goes down and then the next game who can move back in before the up. Everyone is trying to second-guess everyone's timings too so what worked once will not necessarily work next time. Just be happy there is no fee-less HFT.
Asher Myers
It hit 12000 so all the bots kicked in and sold, causing everyone to panic sell.
Jason Fisher
so easy to predict the market you brainlets
Jordan Bennett
Honestly, this probably did have a lot to do with it.
Milestones and support points are a real thing, but this time it just feels artificial. The build-up back to $12k was slow and deliberate as BTC got stuck in the $11.5k range for a while. It slowly struggled its way to $12k and then there was a sudden plunge within the span of a couple of hours.
It just dumped too quick for it to be natural hesitation at a new milestone. The bots sold at 12k and it triggered a panic
Jordan Sullivan
coindesk.com
It's amazing how many of you still don't know about this.
Zachary Peterson
Oh wow, an article that was posted yesterday that talks about EU regulators planning to meet next week to discuss crypto.
What a groundbreaking article. Yes, it truly is amazing that this watershed moment was not witnessed by all. It is a good thing that you are here to deliver this news from the Gods. Clearly, a meeting scheduled next week wherein EU regulators are going to discuss... something... relating to crypto regulation is what triggered yesterday's crash. Good work, user
Robert Parker
You're welcome user. :^)
Gabriel Sanders
ordered three books
Xavier Miller
last 24h volume of LBTC = 3.813 BTC
>money going into futures
brainlet.jpg
Aiden Roberts
This should be good for crypto, given they behave the same way American regulators did.
David Thompson
Maybe, 5 more days of BTC bleeding until we know for sure though.
Brayden Anderson
I had to scroll for a long time to find this. You people are retarded. As soon as this article dropped BTC started dropping. Jesus fucking Christ.
Isaac Myers
what is this shit?
Noah Fisher
>The rise from $100 to 19k was too fast. All parabolic growth is met with a correction.
FTFY.
That's why I laugh at the "20k any day now" crowd. The market can't even reach 12k, let alone hold for any amount of time, but it's going to shoot to 20, 40,100k?. The amount of delusion, denial and magical thinking in the cryptosphere is hilarious and pathetic.
The market will find it's bottom, it's in the process of doing that right now. To get the kind of exponential growth in the market to hit even 19k again simply isn't on the horizon. Every week the deluded sheep come up with new fantasies of how it will happen, but the same thing happens - nothing.
Note that I'm not saying the bitcoin market is dying, or even in bad shape. It's a market, and a healthy one, and as long as traders keep buying and sell the same pool of coins to each other, it will continue to be healthy, maybe even stable - and that will do more to drive new investors into the pool than the unicorns and skittles daydreams of the kiddies here. It never fails to amuse me to see angry little nolambos crying that people are daring to short Bitcoin, when that's exactly what you want - bets on both sides, creating a market and volume.
The moon age is over, dummies. This is a TRADING market, and trades have to happen to drive it. The days of investing $100 and walking away rich are over.
Ian Ortiz
If it can go up that fast, it can go down at least as fast. Velocity isn't always upwards.
Asher Cox
Nobody wants to hear the truth user.
We will bleed until we know about the EU regulator's intentions.
Brayden Richardson
This and news that European regulators might come down on the market.
Mason King
this
Adam James
same date as VET rebrand
Asher Cox
>he thinks it's a correction
Alexander Butler
Yep, kind of a shame I was going to sell the news on that too. Interesting timing.
Andrew Rodriguez
the fact taht you touch your weenie at night and now god is punishing you through shitcoins tumbling.
Gavin Edwards
p.s. yellow IDs hold gold and diversified out of digital assets. only yellow IDs are gonna make it.
Eli Wright
Nothing.. The crypto market is just fucking weak and shit
Andrew Brooks
It's 3813 BTC
David Parker
coindesk.com
Look at the time the article released and when BTC started sliding.
Jesus christ Veeky Forums we aren't going to spoonfeed you forever.
Hudson Cooper
You can't say only yellow id's will make it after you saw you have a yellow ID. That is not how it works!
Brody Gonzalez
>The moon age is over, dummies
That's wrong though.
Mason Bennett
Expand on this witchcraft please.
Jaxon Brown
The word "discussion" was used a lot in that..along with "speaking".. Fuck all about "doing anything" so yeah look at the market piss itself over "discussions" its a weak and shit market that can barely stand on its own
Liam Hughes
Agreed, I tethered the second I saw the news already knowing this.
Samuel Martinez
>crypto news is released that could be interpreted as very bad
>whales erect huge sell walls everywhere to make it look like this is the worst thing ever
>weakhanded cucks witness these things and cause another flash crash
>i buy the dip
Gavin Nelson
wait.... you already bought or you are GOING to buy the bottom when we get there?
Adrian Martinez
when we get there...i have my buy order ready at $2k
Logan Howard
Good work user.
Caleb Wilson
>today’s market correction
>today’s market
>today’s
zoom the fuck out my dude
Liam Williams
...
Elijah Flores
Nathaniel Bailey
Aiden Turner
so... should i sell or..?
Cameron Murphy
U WOT M8
Jacob Evans
Holy shit wtf did I just read