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RE: 💱 Massive Crypto sell off tonight 😵 Goodness about 100 Million took a Holiday 😒
Lol were u sleeping is being happening for the past few days......part of this correction is as a result of people cashing out for christmas i guess, it should skyrock once its new year and the lightening tech is implemented.
Probably was sleeping, just checking my holdings and they were fine. LOL
Not so last night, but still way up.
Life is Good
Happy Holidays & Trading ( great time to buy anything )
Happy holiday...enjoy...
Thanks, I really blew that headline by 900 Million, no more! these huge numbers are hard to get my head around. LOL
Cheers
It's more then that. This is the problem with a few mega holders controlling so much of the market. They can add onto any trend and cause spikes one direction or the other based on what they are looking to do. If it's going up they can not sell any for a few days and maybe even make a bunch of micro trades giving the illusion of extra demand causing more FOMO.
Then once they are happy with the current peak they sell into all the demand being the key people making all the money at the top of the peak in price. Then as it falls they keep selling for a bit causing panic in all the newbies who invested money they can't afford to loose, like this months rent or even their food money (yes this is happening). They panic and sell off causing more downward pressure while at the same time the big boys use micro transactions to keep downward pressure on the market.
As it falls more some people with more then they should have invested get nervous and sell off some to "take profits" and cause more downward pressure. And then once we get near the massive drop the big boys wanted they start buying while all the little people are freaking out. The big boys will buy up tons of coins at massive discounts vs what they sold for at the peak and FOMO will kick in again as the price jump 40% in a day.
Then the cycle starts all over again.
This is no different then any Pump and Dump cycle of penny stocks.
Lol...so true.....i understand.....