All these n00bs that don't remember 2011...
History often does not repeat itself. As humans we try to find patterns in everything to try to make sense of what is happening. These patterns are mostly nonsense (eg log graphs)
I think this year litecoin will officially die.
This coin has been proven to be worthless times 1000.
Only hopium is preventing this coin from dying even faster.
Let's get on the dogecoin bandwagon again?
Shorting time I assume.
why good news always bad for price ?
The most basic explanation would be: Manipulators and whale traders predict a buy pressure to start soon after everyone learns about the news, so they're trying to quickly dump and create artificial sell pressure to buy what they can before the next pump.
If you look at how this small dump is moving you'll notice that it's really slow with a lot of coins being bought back.
But what about the -ve %s that are being poured in day by day in the value of the coins?
Are these whales not interested in getting their investments back with some higher profits for their ^hardwork^?
LOL typical altcoin pump and dump. Price starts to rise and bamm the dev sells all their premined coin for the precious BTC.
More than 400 BTC were made in just 1 hour to that dump-er, and you say typical?
Tip/dip bring it
Yeah, let's face it. Dumpers are gonna dump, why should we waste our time? Let's buy it cheap and HODL.
Lots of talk from bears who are also losing money on their leveraged positions every day. I say talk because you have already sold or shorted - all you can do is yap or buy the price higher if the market turns.
Waiting for someone else to sell the price lower for you because line on a chart points down. Worked in 2011, right Xiao?
But they seem to have already been making money by shorting as the price is declining constantly. They have done all the "homework" they needed and we don't know what they have been currently waiting for.
Works until it spectacularly doesn't. See bitcoin log multiyear trend.
Though, I really don't see any beartrolls making it here, but slightly doing their work on the charts and they now seem to be interested in actions instead of talks. I think the value is still stabilized as compared to the volatility we saw during previous years.
It's pure manipulation, that's what it is. Bankers are keeping the price down while they shake out the weak hands and accumulate. (...)
Lol, and what made you think like that?
They also possess investments and I bet they are not here to lose on their big bets as they also need to give back.