I'll never understand crypto markets

Like why would these shitcoins go down because of tariffs?

Who are these people mass dumping shitcoins because of this?

Reply to this note

Please Login to reply.

Discussion

Market makers shaking out over-leveraged chumps.

I think they go down because the house decided to take profit rather than fund the illusion with previous profits.

Probably news sentiment-based algo-trading bots.

Sentimental value is a lot …. Who cares if we’re all bots in the endsz

Liquidity. The traditional markets are closed right now. Shitcoins are open.

Liquidity to buy which other asset?

They’re selling the shitcoins to go to cash and wait out the trade war

Makes sense… cash-out what’s left, wait and see (they could be buying the BTC dip though) 🤷

I LOVE ALL OF THIS. YEEEHAWWW.

This #Queen has no idea 🤷🏻‍♀️

Chamath

Alot of the shitcoins are run by the globalists. They use it to manipulate the market and scare the masses into thinking Bitcoin is too volatile and that keeps the masses away. Remember that the globalists have access to the banking system and many of them are financing the crypto exchanges.

It's a constant battle of them trying to dis-credit Bitcoin.

And Monero

Miners sell to buy more hashpower for the ongoing hash wars?

Longs also need to be punished before we go higher.

Shitcoins don't matter

Algorithms. Tariffs may be the excuse, but this was already programmed in the charts.

Sir, the Fartcoin is made with ingredients we must import from canada and Mexico. These tariffs will crush us on cost of goods.

Purchasing power dumping means people need to get rid of their shitcoins.

It's just someone anticipating this move.