So, why the hell crypto is dumping now?

[deppo]

There will also come a time in the near future when it dumps again from $125k to $105k and people will be going crazy thinking we are crashing now that's it.

 

[Builder Dave]

I hold small amounts of two small coins and I don't really pay a lot of attention to them and I'm not sure what to do with them. I hadn't checked them this year and they are both up. Maybe I'll convert them to BTC now and hope it goes up again.

 

[Alexum]

Bitcoin is getting harder and harder to grow. I think it will rise just a little bit more and then collapse like it did in 2018. It's called cyclicality.

 

[DerangedWolf]

Market correction my friend

 

[kalpana007]

Some hack news, liquidations etc.
Big players eat it. They sell at the news make massive profit watch the panic sellers sell then price crashes then big players buy cheap and rinse repeat.

Read:
Big bank always takes little bank.
Scared money don't make money.

That happens everywhere even in stock market.

 

[Nikolaos]

It's the end of the world, sell everything

I've laughed so much at this!

It drops so we can buy the dip.

Actually, that is fairly normal in that this is a volatile asset that even a sneeze on X by the right person is going to cause it to go one way or another.

I agree!

 

[10zen]

That happens everywhere even in stock market.

Yes, but in crypto it's mostly highly leveraged degens that gets screwed up and bring the market down for everyone. Also, little fluctuation in BTC affects overall market itself.

 

[nocturnal_000]

HEY hikasa I'm having a serious doubt on something you commented few months ago. can you please tell me if you're online?

its like a 7% dip for ants, during every bull cycle it’s pretty normal to have 10, 20 of even 30% dumps. Number doesnt only go up, sadly. I see these small discounts as a good time to do an extra DCA.