Anyone know what made such a massive crash to all the cryptos?
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the entire market is completely speculative?
A lot of selling. This isn't a crash. It's normal volatility and already recovering
probably someone sold
No more posting until you think what you ve just asked. Now go to sleep, its late kiddo.
Remember, you're all just pawns
>everything in life happens for a reason
lmao
Oh, the price went up $1000? Because that would be "recovery".
Oh, look, it didn't.
>being this new
- Market had no fundamental basis for the price it was at (or any price, for that matter) because it is purely a function of hype, speculation and, most importantly, manipulation.
- It was plain to most that BTC's price was to a large degree being propped-up artificially by tether fraud and wash-trading, exacerbated by exchange (particularly binance) colluders.
- Technicals looked AWFUL for the last week - decreasing volume, triple top around 8850 with a single HUGELY rejected fakeout-breakout, etc. Nobody was buying, so once the sells came in things began to tumble like dominoes.
- And never forget: retard bitmexicans (many of whom are no doubt Jow Forumslets) opening irrational longs.
this it's just a shakeout
A lot of sell orders got fulfilled. Seems like market manip.
An intern at the money factory tripped and unplugged the power cable. We should have it fixed soon.
>fucks ur recovery in the ass
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Yeah 10,000 bitcoins were sold on coinbase
25,160 bitcoins were transferred from a 2016 wallet a little before that
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I FOMO into dips so I just bought $500 more BTC, thanks for whoever sold
its called markdown you faggots
Lol, not the same
Daddy Trump is dismantling ((THEM))
It's all gonna be alright
If we are going to break ATH we couldnt just blow through 9k like we did in 2017.
Zoom out, nibba
Chainlink's mainnet. Until ChainLink gets its shit together crypto is a meme
The next 20 hours are critical lads, will set the tone for the rest of the summer
This:
25,160 #BTC (213,365,388 USD) transferred from unknown wallet to #Coinbase
Details
Half went straight back an hour later:
14,160 #BTC (112,631,761 USD) transferred from #Coinbase to unknown wallet
Details
People cashing out for Fathers Day gifts.
>what made such a massive crash
enough potential profit for the exchanges to fuck them. just for a change
literally the premise of scientific determinism
A whale was moving last night. Likely started slow selling.
You could've just said cause and effect.
it ran out of steam, stop projecting and get those wojaks out...enjoy retards, we told you
Keked hard
This.
A lot of alts are getting ready for some kind of major release at the end of June. This means more movements and marketing, only brainlets are selling right now
All very well said except that futures trading on bitmex does not pump the actual market. Of course, margin on bitfinex does.
Pump to $5k was largely fuelled by mex liquidations, what are you talking about
If we analyze Bitcoin(BTC) as a universal, semi-finite, completely meromorph quasi-Euclidean homomorph, we can conclude through the computation of unconditionally maximal categories the maximum price for 2019 is $78,000 USD. However, if we apply Clairaut’s conjecture in the context of Artinian planes the price prediction rises to a maximum of $400,000 USD in 2019. When we look at the charts going into 2020 and analyse with solvable, locally ultra-canonical, algebraically intrinsic parabolas, centered on constructing hyperbolic, continuously additive primes we see that the price will almost certainly reach $1 million USD. This is in line with what John Mcafee(estimated 180 IQ and possibly a rogue NSA agent) predicts citing "Because Maths, Stupid". At first I thought it was a ludicrous statement but the math checks out.
Conclusion: Long BTC
8-9k is way too high for this stage in the cycle will retract to 6.5k or something like that around september.
old charts happening again