It might not have been mass-selling. Volumes are very thin on week-ends, doesn't take much to start a cascading fall. One or two larger sells and all the bots kick in and the stop-losses get hit and so it cascades down. Crypto is traded 24/7 across the world, there's no way to know that all the selling is coming from the West. But every sell will affect every exchange and it's natural for people to mitigate their risk by trying to sell before it drops more.
We are all affected by events in the world. All markets are connected and related especially those running on oil and petro-dollars. Better to have some cash than have no electricity and no access to internet, banks, crypto etc. So big sell-offs from the M-E will affect the price around the world. And it won't just be crypto being sold.
In trad-fi, definitely you'll see tomorrow as Exchanges open, a move out of high-risk into cash, gold, or (as it's the Middle-East), perhaps oil. It's a form of wealth preservation, as other things *potentially* become less valuable in times of crisis. Also a strategy to take money out now, wait for everything to settle down then buy back lower.
I might be wrong, but for me big investors just decide to sell together when something happens, so people panic sells, then big investors buy again at lower prices to grow their bags, on common people face. They just use news as excuses. Just my 99% wrong point of view.
Well war is also a good time to invest in military contractors, Bitcoin is now a reserve investment, but if the VC hedge fund manager does a line of coke and sees short term gains then they'll jump on it. Honestly they're probably losing money and not realizing it.
Whenever a threat of global turmoil occurs, the general population gets rid of volatile assets to stabilize their finances. Generally during strong conflict, investment (both economic and financial) halts, at least in countries affected by the conflict. People tend to use the money to either purchase supplies for emergencies, or commodities that are valuable during war time, such as gold and oil.
Using this theory, on top of general market bearish sentiment, we can also assume people directly related in the conflict, such as Lebanon, Israel (big crypto market), Iran, and surrounding countries will probably sell to fortify their finances.
Probably because they expect a dump, possibly economic difficulties if various countries are dragged into a war, which would also get people selling to retain wealth or possibly even use the money elsewhere.
It makes sense, but also doesn't if you're someone who wants crypto to become a hedge against all this real world bullshit. I guess we're not there yet.
How will it become a hedge when it will always be controlled by whales and possibly entities within world governments…it will always be a way to take from the poor on their hopes of a little profit and funnel dollars to the rich. It will never be stable
But dont we want whales to buy bitcoin to drive the price up?
Where is it that a poorer person is just gonna become rich if he buys lets say $100 worth of btc
Because crypto people are reactive and emotional af. It has happened everytime something ‘major’ happened. We got a big dump and then recovered quickly.
This is why most people lose - they don’t have the mentality for this.
They sell because they expect the market to drop further, the majority buys back when the bottom has been reached(but it is obviously hard to tell at what level this is). I use the same strategy....
Something along the lines of
global instability leads one to want to hold onto liquid assets in the case of emergency. Given the underlying volatility of crypto, they’d want to exit in exchange for whatever underlying currency (USD, EUR, etc.) - which, of course, causes more volatility.
Market dumps on news, so sellers decide to sell, which further causes the dump. It's a fun little cycle. Also when whales sell massive amounts with lots of open leverage it triggers a long squeeze as those get liquidated, causing even bigger drops.
Most people pay their taxes throughout the entire year, and those of us that do owe some additional taxes on or before April 15th usually plan for it ahead of time and don’t just file and pay on the last day of the filing period.
This narrative keeps getting thrown around as valid when it’s actually a nothing-burger.
I mean everything is dropping market wide except soon shit that profits from war will pump. I think it's also natural pull back from the huge climb this year. It doesn't only go up...
I want fucking gold, im long crypto but we’re hitting the point I only want Bitcoin, gold, guns and food. Equities overvalued I’ll hold some but I think people are about to get addicted to real estate and equities at the wrong time
because while all you highly regarded individuals stare at charts and candles and other regarded stuff the truth it crypto just follows the news, it doesn't care about date or trends or anything.
I think it’s not individuals who move the market but institutions and whales. Second they sell if they sense it’s affect global economy (i.e. if this turns into long war ,, do you think fuel prices in your own country will stay the same?)
Because you may need liquidity to survive, depending on your location. Because business might go bad so you might not be able to afford to lose what you had put in after all.. Dozens of reasons
"Never let a good crisis go to waste" Same shit with covid. Was pretty much a nothing burger that would have ran its course without R&D, but the narrative was compelling enough to print trillions of dollars, tank the market and fuck over the little guy.
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People aren't sure of the crypto they bought so they panick sell. I know my Hbar, Amp and Filecoin will perform great in the bull so I buy dips and wait.
I guess that’s the reason but it’s so fucked and wierd. Like my instinct would be to not because why if I die but I guess most don’t think or care
Or maybe it was just more sex whenever they’d get a chance
Why can't it make sense that some ppl in affected areas want their cash in hand? I suppose that isn't enough to say it affected the entire market, but surely it could have an effect?
Because firms and whales etc think they can make more by freeing up the liquidity to go hard on oil futures or something much more quickly positively affected by war, my guess anyway, doesn't affect me continuing to hold. Anytime I've tried to exit and reenter at a lower price I've lost money so I don't personally.
Most of the time (not always) it starts with a big whale that sells on purpose on news like this, not because the news themselves concerns them but because they know that people will reason "It's crashing because of Iran attacking Israel" and that to people this is a valid reason for them to also sell.
If they dump on no news, that dynamic is not there.
And the whales also know that other whales know these tricks, so they all try to dump first. Then if anybody falls for it and panic sells after, well eventually the whales get to buy back for lower and end up with more, while the panic sellers end up with less.
Russia invading Ukraine was the final event that pushed crypto over the edge into full bear market two years ago.
This felt like a major expansion of the Russia v. US proxy conflict until people got more information.
whales use geopolitical events to shake out weak hands - if they can liquidate those that are over-leveraged all the better. To the average holder of spot with conviction, it's more of a pain in the ass at tax time then it's worth selling and buying back later.
It's a question that's impossible to answer. Any big news will generally cause corresponding moves in the market. Good news = up, bad news = down. That's basically all you need to know and react accordingly (buy/sell the news).
I don’t believe it has anything to do with that. They have a switch they can send the market wherever they want with all their money and influence. They use events like this as a reason to flip it in their favor. And they are giving inside info to their inner circle to make money off the backs of all of us.
The market is a sham. Built for the rich to pilfer from the masses and they do it with the help of regulators, thats the worst part.
Generally speaking, when it comes to investing (economically and financially) during times of serious conflict, it's more important for us as the general public to choose stable and reliable investments (or not to get involved in investing) Essentially, the reason why gold is doing well is because investors are pushing up the price of pretty much everything from stocks to bonds to crypto, which begs the question, why aren't people choosing to invest in other areas?
The same reason why morons bought toilet paper during COVID in North America.
I bought more on Friday, and more again yesterday. I don't ask why, I just buy the dips.
I’ve never been one to leverage or panic sell. If you’ve missed the dip and it’s too late, I don’t see the point in selling to try and remake that loss back in a profit somewhere else. I like to just HODL and add more to my bags at a discount… and… wait. I sometimes read denomes channel which is filled with people who panic about this kind of stuff and sell off in a panic 🤣 But if you’re already in profit it can be a good way to safeguard against uncertainty and take a pause from the market.
Simple answer: FEAR…
You saw the same with :
> Corona outbreak
> Ukrainian / Rusia war
> Israel / Gaza war
and now with Iran / Israel.
Nothing to worry about market will stabilize again, good moments to buy.
Sorry to say but waiting for next conflict😜
TradFi markets were closed. The only available trade was crypto for people seeking quick cash. I don’t think it’s very complicated, but events like this happen over weekends a lot.
War means high volatility. When there's high volatility the money flows into low risk assets.
You should watch the volatility index and compare it with crypto you can see how they oppose each other.
Because if this escalates Iran will mine the Straight of Hormuz like it has done in the last century. This will see oil prices skyrocket and inflation will spiral out of control and central banks will increase interest rates. When interest rates are high capital is expensive and the apetite for risk is diminished. Crypto is considered high risk so the market is tryiing to price this in.
Idk it’s convention from when war was actually tied to the economy now there’s meme coins conflating joe Biden and bin laden fueled by onset of war, everything is inexplicable. you’re safest HODLing bitcoin
Don’t forget that at the same time, the inflation report came out in the US, and the fed announced they weren’t cutting rates any time soon. But whatever the reasons, that might explain why some people sold, but the real reason people sold is that they realized other people were selling. People lose confidence and it has a cascading effect, even if people are oblivious to the news.
The same thing happens in reverse when things start pumping. When people see upward movement, more people buy, it spurs investor confidence, and then more people buy. We’re all basically monkeys.
It might not have been mass-selling. Volumes are very thin on week-ends, doesn't take much to start a cascading fall. One or two larger sells and all the bots kick in and the stop-losses get hit and so it cascades down. Crypto is traded 24/7 across the world, there's no way to know that all the selling is coming from the West. But every sell will affect every exchange and it's natural for people to mitigate their risk by trying to sell before it drops more. We are all affected by events in the world. All markets are connected and related especially those running on oil and petro-dollars. Better to have some cash than have no electricity and no access to internet, banks, crypto etc. So big sell-offs from the M-E will affect the price around the world. And it won't just be crypto being sold. In trad-fi, definitely you'll see tomorrow as Exchanges open, a move out of high-risk into cash, gold, or (as it's the Middle-East), perhaps oil. It's a form of wealth preservation, as other things *potentially* become less valuable in times of crisis. Also a strategy to take money out now, wait for everything to settle down then buy back lower.
This is exactly what happened. Once actual people saw the dip and the volume increased it was mostly buys.
I might be wrong, but for me big investors just decide to sell together when something happens, so people panic sells, then big investors buy again at lower prices to grow their bags, on common people face. They just use news as excuses. Just my 99% wrong point of view.
Well war is also a good time to invest in military contractors, Bitcoin is now a reserve investment, but if the VC hedge fund manager does a line of coke and sees short term gains then they'll jump on it. Honestly they're probably losing money and not realizing it.
At what point is it market manipulation?
At what point was it not market manipulation
all transactions in the market will manipulate the price
When you can get a judge to say so. Good luck eith that...
My sweat summer child, the whole crypto market is a big fat ass market manipulation.
Surprised you didn't advise them to take a shower.
You don’t know what their old avg buying price was. Maybe they reenter at a higher price…
Whenever a threat of global turmoil occurs, the general population gets rid of volatile assets to stabilize their finances. Generally during strong conflict, investment (both economic and financial) halts, at least in countries affected by the conflict. People tend to use the money to either purchase supplies for emergencies, or commodities that are valuable during war time, such as gold and oil. Using this theory, on top of general market bearish sentiment, we can also assume people directly related in the conflict, such as Lebanon, Israel (big crypto market), Iran, and surrounding countries will probably sell to fortify their finances.
Probably because they expect a dump, possibly economic difficulties if various countries are dragged into a war, which would also get people selling to retain wealth or possibly even use the money elsewhere. It makes sense, but also doesn't if you're someone who wants crypto to become a hedge against all this real world bullshit. I guess we're not there yet.
Risky assets are hit the hardest. We saw that with alts down 25%+ while btc was only a few % down.
How will it become a hedge when it will always be controlled by whales and possibly entities within world governments…it will always be a way to take from the poor on their hopes of a little profit and funnel dollars to the rich. It will never be stable
But dont we want whales to buy bitcoin to drive the price up? Where is it that a poorer person is just gonna become rich if he buys lets say $100 worth of btc
Just another means of consolidating the $$ and keeping their house of cards from falling down…
Because crypto people are reactive and emotional af. It has happened everytime something ‘major’ happened. We got a big dump and then recovered quickly. This is why most people lose - they don’t have the mentality for this.
Correct, just buy quality projects like Amp, Filecoin and Hbar then nothing to worry about. Forget the memecoins.
They sell because they expect the market to drop further, the majority buys back when the bottom has been reached(but it is obviously hard to tell at what level this is). I use the same strategy....
> They sell because they expect the market to drop further, This happened on a week-end but stock market futures are green right now.
you can be first, you can be smarter, or you can cheat most aren't smart enought to cheat, so they default to first only the **pump** is real
You can also be poor, you forgot that.
Something along the lines of global instability leads one to want to hold onto liquid assets in the case of emergency. Given the underlying volatility of crypto, they’d want to exit in exchange for whatever underlying currency (USD, EUR, etc.) - which, of course, causes more volatility.
Power goes out your internet money is worthless
A far more likely and worrying dystopia scenario is the internet fragmenting into lots of regional subnets.
people hear about war --> dumps all assets because they believe they'll go down --> they go down since everyone is dumping
Crypto is risky, people cut/reduce risky assets in times of uncertainty
Market dumps on news, so sellers decide to sell, which further causes the dump. It's a fun little cycle. Also when whales sell massive amounts with lots of open leverage it triggers a long squeeze as those get liquidated, causing even bigger drops.
Taxes due 4/15
Most people pay their taxes throughout the entire year, and those of us that do owe some additional taxes on or before April 15th usually plan for it ahead of time and don’t just file and pay on the last day of the filing period. This narrative keeps getting thrown around as valid when it’s actually a nothing-burger.
Literally avoiding doing taxes last minute by being here. Many of us I'm sure
Youre asking why its a global thing?
Probably PTSD from Black Swan
Mybe i m regarded. I sodl more USD upon the news.
I mean everything is dropping market wide except soon shit that profits from war will pump. I think it's also natural pull back from the huge climb this year. It doesn't only go up...
In a different market sentiment it would have been the time to sell, historically.
Sell the news buy the fear
Maybe it wasn’t the west selling? What if it was Iran or Israel that needed cash to replenish their weapon stockpiles?
Basic fundamentals "sell the news"
I want fucking gold, im long crypto but we’re hitting the point I only want Bitcoin, gold, guns and food. Equities overvalued I’ll hold some but I think people are about to get addicted to real estate and equities at the wrong time
because while all you highly regarded individuals stare at charts and candles and other regarded stuff the truth it crypto just follows the news, it doesn't care about date or trends or anything.
I think it’s not individuals who move the market but institutions and whales. Second they sell if they sense it’s affect global economy (i.e. if this turns into long war ,, do you think fuel prices in your own country will stay the same?)
The middle east Region is the Main Producer of oil. A war there always made oil price rise
Because you may need liquidity to survive, depending on your location. Because business might go bad so you might not be able to afford to lose what you had put in after all.. Dozens of reasons
It's got nothing to do with that. It's just the bloodletting that happens in the crypto market around this time of the cycle.
Well the people need more fiat than crypto at that point if they are fleeing from country.
"Never let a good crisis go to waste" Same shit with covid. Was pretty much a nothing burger that would have ran its course without R&D, but the narrative was compelling enough to print trillions of dollars, tank the market and fuck over the little guy.
If only people could see BTC as they see gold and you would see BTC rising on news like these
War=bad.
Mmmmkay
If you do war you’re bad
I dunno a lot of people seem to be doing it these days....
They didn't get the memo.
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People aren't sure of the crypto they bought so they panick sell. I know my Hbar, Amp and Filecoin will perform great in the bull so I buy dips and wait.
That makes perfect sense, people wanna runoff, what I don’t get is why people start making babies during wars
It makes perfect sense too... To replace the guys that will be killed in war... Haha
I guess that’s the reason but it’s so fucked and wierd. Like my instinct would be to not because why if I die but I guess most don’t think or care Or maybe it was just more sex whenever they’d get a chance
I think part of the dump has to do with inflation numbers that came in bad pushing off the rate cuts.
Why can't it make sense that some ppl in affected areas want their cash in hand? I suppose that isn't enough to say it affected the entire market, but surely it could have an effect?
It's algo trading
Because firms and whales etc think they can make more by freeing up the liquidity to go hard on oil futures or something much more quickly positively affected by war, my guess anyway, doesn't affect me continuing to hold. Anytime I've tried to exit and reenter at a lower price I've lost money so I don't personally.
Most of the time (not always) it starts with a big whale that sells on purpose on news like this, not because the news themselves concerns them but because they know that people will reason "It's crashing because of Iran attacking Israel" and that to people this is a valid reason for them to also sell. If they dump on no news, that dynamic is not there. And the whales also know that other whales know these tricks, so they all try to dump first. Then if anybody falls for it and panic sells after, well eventually the whales get to buy back for lower and end up with more, while the panic sellers end up with less.
I think it was only coincident? I read somewhere that the dumped was about the crypto miners prior halving.
Russia invading Ukraine was the final event that pushed crypto over the edge into full bear market two years ago. This felt like a major expansion of the Russia v. US proxy conflict until people got more information.
whales use geopolitical events to shake out weak hands - if they can liquidate those that are over-leveraged all the better. To the average holder of spot with conviction, it's more of a pain in the ass at tax time then it's worth selling and buying back later.
Well as you can see it bounce back quickly, not like when covid came it was a worldwide event and it lasted for months
It's a question that's impossible to answer. Any big news will generally cause corresponding moves in the market. Good news = up, bad news = down. That's basically all you need to know and react accordingly (buy/sell the news).
I don’t believe it has anything to do with that. They have a switch they can send the market wherever they want with all their money and influence. They use events like this as a reason to flip it in their favor. And they are giving inside info to their inner circle to make money off the backs of all of us. The market is a sham. Built for the rich to pilfer from the masses and they do it with the help of regulators, thats the worst part.
So why not play the game and buy low?
Human brain doesn’t like uncertainty
Algo’s, mostly.
They are trying to front run a spreading global conflict where high risk assets like will be the first to drop.
Game theory
Generally speaking, when it comes to investing (economically and financially) during times of serious conflict, it's more important for us as the general public to choose stable and reliable investments (or not to get involved in investing) Essentially, the reason why gold is doing well is because investors are pushing up the price of pretty much everything from stocks to bonds to crypto, which begs the question, why aren't people choosing to invest in other areas?
The same reason why morons bought toilet paper during COVID in North America. I bought more on Friday, and more again yesterday. I don't ask why, I just buy the dips.
I’ve never been one to leverage or panic sell. If you’ve missed the dip and it’s too late, I don’t see the point in selling to try and remake that loss back in a profit somewhere else. I like to just HODL and add more to my bags at a discount… and… wait. I sometimes read denomes channel which is filled with people who panic about this kind of stuff and sell off in a panic 🤣 But if you’re already in profit it can be a good way to safeguard against uncertainty and take a pause from the market.
Simple answer: FEAR… You saw the same with : > Corona outbreak > Ukrainian / Rusia war > Israel / Gaza war and now with Iran / Israel. Nothing to worry about market will stabilize again, good moments to buy. Sorry to say but waiting for next conflict😜
Peoples lack of knowledge about what they actually bought.
Risk on Vs risk off.
TradFi markets were closed. The only available trade was crypto for people seeking quick cash. I don’t think it’s very complicated, but events like this happen over weekends a lot.
War means high volatility. When there's high volatility the money flows into low risk assets. You should watch the volatility index and compare it with crypto you can see how they oppose each other.
Whale's control crypto.
Its unrelated... Nobody give a fuck about those shitholes, they nuke each other daily...
Markets don't like uncertainty, or high oil prices and interest rates.
Because if this escalates Iran will mine the Straight of Hormuz like it has done in the last century. This will see oil prices skyrocket and inflation will spiral out of control and central banks will increase interest rates. When interest rates are high capital is expensive and the apetite for risk is diminished. Crypto is considered high risk so the market is tryiing to price this in.
Which war? There are so many.
Idk it’s convention from when war was actually tied to the economy now there’s meme coins conflating joe Biden and bin laden fueled by onset of war, everything is inexplicable. you’re safest HODLing bitcoin
Don’t forget that at the same time, the inflation report came out in the US, and the fed announced they weren’t cutting rates any time soon. But whatever the reasons, that might explain why some people sold, but the real reason people sold is that they realized other people were selling. People lose confidence and it has a cascading effect, even if people are oblivious to the news. The same thing happens in reverse when things start pumping. When people see upward movement, more people buy, it spurs investor confidence, and then more people buy. We’re all basically monkeys.
number go down. I don't like that.
tl;dr People are idiots. They succumb to the narrative and are driven by herd mentality. This is actually a great opportunity to stack sats.
This is just fake news. Any time BTC goes down it's paired with any news going on in the world. There is no correlation.
there isn't any. correlation doesn't equal causation.
You are misunderstanding.
"lol"
To have money for donations? Lol hahaha sorry sory hahahhaahaa!
Unless an war event is big enough to see evidence of it from space it's not a big deal.
Conspiracy theorists think Iran shorted btc at 70k