@333K3L@DfinityToday Why? Because I don’t make long, multi year investments in fucking altcoins? 😂. Just because I’m bullish on something doesn’t mean I’m not aware that they routinely give it all back. Bro thought he was buying a stock.
@Crypto_SolRex@afsheenjaf Pretty sure it’s the people financially incentivized to drive volume via panic closing and liquidations, as far as big scale. They can reach the whole market just by manipulating Bitcoin thanks to the dumb ass bot algo. Whales manipulate small coins on an individual basis.
@Crypto_SolRex@afsheenjaf Profitability is what’s needed for the business, not the token. It’s not a stock so there is no direct correlation. All crypto is driven by speculation, even utility coins. That’s just speculation on the utility. Buybacks help but nowhere near main driver of price.
@333K3L@DfinityToday Sounds like maybe you bought a previous high if you’re crying about such a high time frame channel that hasn’t been broken. Most coins haven’t broken that. You bag holding from the highs or something? A non salty person would generally regard a steady 10 week uptrend as bullish
@afsheenjaf@Crypto_SolRex How could any coin function as a legitimate utility or business if there’s a limited supply? Would either have to close their doors at some point because they ran out, or change tokenomics wily nily because burn rate has to be lowered. This comes with actual function
@MikeH6483@afsheenjaf Right….well they’re not here now, so algo runs the show, until retail has enough ass to persuade them to stop suppressing price every chance they get.
@MikeH6483@afsheenjaf It’s the algo doing the slaughtering. Trading volume is dominated by bots. Otherwise how can you explain the entire market moving in unison within seconds? It’s not bag holders watching the news and selling. Theres barely anyone in crypto.