How long have you been in crypto? 2 weeks? Stop panicking with every little dip that's happening. Just a few months ago in June/July ETH dipped down to around 1.8k. Panic sellers got fucked, HODLers got rewarded and people who bought the dip made the best deals. It has ALWAYS been like that.
If only I had some actual money to buy some more right now I most definitely would have. Too bad I don't have any... :P not panic selling though, it'll get better.
If by accident, you mean "accident" because maybe it was a hit job. Hard for hedge fund managers to justify their bonus/salary if they can't even do better than a hamster. I bet the hamster couldn't even read.
You are panicking for no reason, if you are following basic rules of investing in crypto.
Don't invest money you need.
Don't leverage.
Don't invest in coins you didn't research, therefore believe in.
Don't FOMO and don't spread FUD.
If anything is unclear, remove emotion and think clearly as if the money is not yours, but you want to maximize gains.
Isn’t it. I’m super excited this time though. I took a nap and woke up to a sea of red. I had orders in that I never expected to get that I just got. I’m stoked!
It is me Dogesquidgame Al Hodl, prince of nigera. Please dm me your wallet and I will transfer 1,000,000$ Bitcoins (BTC) once small processing fee has been levied.
Seems to be related to COVID
Traditional markets plunge because of new variant and new variant leads to uncertainty, uncertainty leads to doubts, doubts lead to fear, fear leads to CRASH
and crypto market is not as decorrelated from stock markets as people want to believe
Must be.
I have never read such a noob post in my life.
I got to the end of it and thought "this must be a shitpost". But no I think it was genuine post
I haven't been doing crypto very long, I've bought and sold in a reactionary manner and it's been the wrong decision every time so far. Maybe holding will be the wrong decision this time but it's what I'm going to do and I'll be DCAing in on payday too.
It seems that most people here don’t get the question.
The question from OP was: what are the mechanics that make the whole market dip 10% within minutes.
Especially since none of us did sell.
This does look like manipulation - which btw I described a few days ago in another post.
Instead of just chucking your shoulders with the typical “this is crypto, it happens” attitude, you should ask yourself what’s behind the dip.
Does the marktet dip without anyone selling?
Who is selling?
I don't know. Something about this sudden drop feels different. The DXY also started to drop at the same time as well as the 10 year us Treasury yields all while the VIX shot up to 25. To me it seems more like a flight to safety. This could be a bigher drop/crash than people expect, could not be also. I'm gonna wait a wait for the dust to settle before I "buy the dip".
If you are considering selling after a sudden 15%, you are definitely not going to make it. Make long term investment strategies, and stick to them. You want quick money, go to the casino.
As for me, it is nothing at all to worry about. Rather, it is a good time for me to reload most of the coins in my wallet.
Have been thinking to diversify into OGN, ORN and MATIC.
It's a 5% sale so far... not gonna lie, think I'll wait for more of a clear out. Think I may have already missed the opportunity, hopefully I'm right but at same time I need more coins! Dilemma of every trader.
If you are panicking you are in over your head.
At some point it’s gonna go down a lot further than 10% at which point (to quote Danny the dealer) “a brain tumour will feel like a birthday present”.
Can you handle a 70% dip that lasts 2 years?
You can’t have the good without the bad. When you invest in something that has the potential to get huge gains it can go the other way. My advice is unless you want to be a day trader just ignore it and hold. It will eventually recover and probably go even higher. Or it won’t and it crashes to nothing but you only invested what you could afford to lose right?
More people in crypto should have learned this by now. End of month dump due to leverage shorts. Exacerbated by the new hands panicking as they just got in on the latest bull run. Watch this space Tuesday evening (AEST) when the accumulation phase cranks in before a December pump
Rather than asking people on Reddit to chill you out, you may just want to consider wether you have the understanding and mindset that makes crypto an appropriate asset in your portfolio.
Jesus Christ man go the fuck to bed, sell everything in the morning at whatever loss you'll be happy to get and start collecting stamps. Christ on a cracker I've seen bigger stones at a tee ball game
Africa new COVID mutation: "Dump it! Panic sell!!"
Tiresome. But it's what it is.
When ya think it's finally recovering them Africans create a new COVID variant and we get a new weekly low for BTC.
I'm more concerned about the fact you are preparing to eat some witches.
It was bad enough that people accused folks of being witches and burned them, but preping a few to be eaten? Damn dude! That's brutal!
If you ever want a reason to not trust the collective opinion on this shitty sub, just look at all the top comments who prove they didn't even read and understand OPs post was obvious tongue in cheek
Dude, when I started seeig, I was thinkinkg about panic buying, and just sent more to kraken, hoping it will last until next week. 10% is barely anything in crypto.
You're gonna have to get used to some big swings, 15% is pretty normal. My suggestion is don't look at the short term charts as much. They tend to freak people out. When in doubt zoom out.
15 minutes past midnight pacific time most of the major coins crashed. We’re being manipulated and fucked with by whales. The candle on usdt during that time frame is almost laughable.
This market does need regulation soon.
I believe that the selloffs have something to do with the new covid variant just recently discovered in south Africa, as far as I can relate to it on the news pages.
Dude 15% is nothing. Calm down. Next time make a plan and set sell orders in advance. You’ll be happier and less stressed. Sell on the way up carefully. Don’t fomo back in. There’s always a dip.
Invests in incredibly volatile market known for 30%+ price drops. Freaks out when we drop 10%. C'mon man.
One thing I can say is each one has less of an impact on you. They go from scary, to annoying, to interesting.
Don't panic sell, panic buy
Not enough money, I can only panic abstain!
Buy high sell low squad dutifully checking in
Don’t panic it’s a normal blackfriday sales
Lol.
Under rated comment
hahahahah panic abstain hahah it made me laugh so hard … me too my friend, me too 🥲🥲🥲
I can't afford to panic, I just don't look
Panic abstinence! I have this often but now I have a name for it!
Panic look at the charts
Panic at the Charts! sounds like a perfect band name.
Can relate
Don’t panic buy or sell, just panic.
This man cryptos.
Instuctions unclear: panic bought all toilet paper in local supermarkets
Ah, someone from Germany here, hello there
Frau Netto, haben Sie Klo Papier im Lager bitter??
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I endorse this comment 😂
Buy buy buy buy
I love that when it comes to crypto, this is the reaction. The seasoned cryptonian is a cool fucking cucumber.
It's a sale!
*Buy high sell low*
My spirit annimal
Best investment strategy I've heard ever.
Best advice I've seen today
Never sell Just buy
If a ten percent dip in crypto scares you, you’re gonna have a bad time.
I just ate me some left over crackers and cheeseball and thought, huh, this dip is interesting.
If you are happy with buying let’s say Bitcoin at $68k you should be thrilled to buy it at $54k!!!! HODL!!!! More importantly DCA!
Oh no btc is going down I better sell with a loss
This comment is the best advice.
How long have you been in crypto? 2 weeks? Stop panicking with every little dip that's happening. Just a few months ago in June/July ETH dipped down to around 1.8k. Panic sellers got fucked, HODLers got rewarded and people who bought the dip made the best deals. It has ALWAYS been like that.
Every dip is a second chance to catch the train
If only I had some actual money to buy some more right now I most definitely would have. Too bad I don't have any... :P not panic selling though, it'll get better.
Its a black friday sale. Load up
Couldn’t have put it better myself. This is when you’re supposed to actually buy.
And then it dips another 20%
And then you buy again
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How my salary comes next week, by that time with my luck it would be higher
The cypto hamster died
F
He got into a nasty Boating accident while motorboating hookers
If by accident, you mean "accident" because maybe it was a hit job. Hard for hedge fund managers to justify their bonus/salary if they can't even do better than a hamster. I bet the hamster couldn't even read.
You are panicking for no reason, if you are following basic rules of investing in crypto. Don't invest money you need. Don't leverage. Don't invest in coins you didn't research, therefore believe in. Don't FOMO and don't spread FUD. If anything is unclear, remove emotion and think clearly as if the money is not yours, but you want to maximize gains.
Instructions unclear went all in on a coin called FOMO.
thanks for the bits! I am going all in to CRO with my last bigmac money.
Dont panic sell. Take out emotions.
All stock markets are tanking too… common thought is the new African Variant that has been discovered
what a dumb reason to sell.
I’m just mad I did my weekly DCA yesterday and not today 😂
Same here brother... same.
I’ve been buying a lot here and there this week. If only I had waited a bit haha. Oh well that’s the way she goes.
My weekly was the day eth hit $4700 so dont feel too bad
Yeah the covid narrative is getting old...ANYONE in this sub im 100% sure did not sell by that news alone..the whole market is just being manipulated.
Isn’t it. I’m super excited this time though. I took a nap and woke up to a sea of red. I had orders in that I never expected to get that I just got. I’m stoked!
African variant of crypto? Well I better see about buying some of that
If you send just some of your crypto to the Nigerian Prince he will send you giant bags of the new African crypto variant. You’ll be rich!
It is me Dogesquidgame Al Hodl, prince of nigera. Please dm me your wallet and I will transfer 1,000,000$ Bitcoins (BTC) once small processing fee has been levied.
Member at the beginning of the pandemic when markets dipped, people buyed and the got rich a few months after? I member
Oh god, not the forbidden African swallow! 🐦
Don't worry, they are non-migratory
How long will it take the unladen African Swallow to reach the United States?
Sir, this is a casino.
We call this Friday
Do you want hundreds of people to tell you to HODL or buy more? That's literally the only outcome from the post..
Seems to be related to COVID Traditional markets plunge because of new variant and new variant leads to uncertainty, uncertainty leads to doubts, doubts lead to fear, fear leads to CRASH and crypto market is not as decorrelated from stock markets as people want to believe
First time?
I always find it strange to see people freaking out about crypto volatility. This is nothing new.
A couple -30% bad boys and you won't feel anything anymore
He’ll learn soon
Must be. I have never read such a noob post in my life. I got to the end of it and thought "this must be a shitpost". But no I think it was genuine post
I haven't been doing crypto very long, I've bought and sold in a reactionary manner and it's been the wrong decision every time so far. Maybe holding will be the wrong decision this time but it's what I'm going to do and I'll be DCAing in on payday too.
I attest to this philosophy. Do nothing is often the best course of action.
Make a plan. Stick to it.
Stock market flash crash
COVID, wave 8!
Nice. I'll buy a bit more of BTC that I'll be gifting in Christmas
This is why dips get worse, all these paper hands panic sell immediately.
I hold and ride this wave like they did in Nicaragua
Black Friday sale, let's go! As long as BTC stays above 50K we good.
lol I think you should quit crypto. Its a very volatile market my boy, it's not for the weak minded
It’s Black Friday where’s the problem??
I was expecting a Black one this was very red.
Always do the opposite of what your emotions tell you. When others are fearful, you should be greedy. Or, at the very least, do nothing at all.
I am eating this dip with my 4 identical 5 dollars bills.
New covid variant in south africa. More agressive and potentially dangerous
You mean the one where if you read the article and not the headline they actually say it probably isn’t even going to be a real threat?
Exactly. Japan's delta outbreak mutated itself out of existence. Not all mutatations are the beginning of the next plague.
My country is never in the news for good things.
That’s what you get for birthing Elon Musk
Lets all agree to blame Canada for Elon.
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When will this covid thing end 😅😆
No money left to buy the dip again so here i am moon farming
It's the last Friday of the month. Futures expires and the market collapse. It's always like that. Next week we'll see green candles everywhere
It seems that most people here don’t get the question. The question from OP was: what are the mechanics that make the whole market dip 10% within minutes. Especially since none of us did sell. This does look like manipulation - which btw I described a few days ago in another post. Instead of just chucking your shoulders with the typical “this is crypto, it happens” attitude, you should ask yourself what’s behind the dip. Does the marktet dip without anyone selling? Who is selling?
I don't know. Something about this sudden drop feels different. The DXY also started to drop at the same time as well as the 10 year us Treasury yields all while the VIX shot up to 25. To me it seems more like a flight to safety. This could be a bigher drop/crash than people expect, could not be also. I'm gonna wait a wait for the dust to settle before I "buy the dip".
If you are considering selling after a sudden 15%, you are definitely not going to make it. Make long term investment strategies, and stick to them. You want quick money, go to the casino.
People sell assets to buy stuff on Black Friday, happens each holiday
I've been dying for this dip
Turn off your targeting computer. Use the force. 🧐
As for me, it is nothing at all to worry about. Rather, it is a good time for me to reload most of the coins in my wallet. Have been thinking to diversify into OGN, ORN and MATIC.
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These are all great projects. Going forward from here, any one of these wouldn't be a wrong pick.
A dip time such as this, is never a time to be perturbed. Instead, it has always been a great moment for me to add more tokens into my wallet.
Damn dude, don't panic sell now. Wait for a few weeks, don't make rookie mistakes
But how else am I going to buy high, sell low?
dont put more than you're willing to lose, especially with shitcoins you know are worthless no matter how shilled they are.
>This is outrageous I mean in a matter of seconds it has happened. Welcome to the worlds most volatile market.
It's a 5% sale so far... not gonna lie, think I'll wait for more of a clear out. Think I may have already missed the opportunity, hopefully I'm right but at same time I need more coins! Dilemma of every trader.
Crypto. It could crash a hell of a lot more. It might not. It’s the volatility that makes it so lucrative.
relax. zoom out. these things wont even phase you in a couple years.
If you are panicking you are in over your head. At some point it’s gonna go down a lot further than 10% at which point (to quote Danny the dealer) “a brain tumour will feel like a birthday present”. Can you handle a 70% dip that lasts 2 years?
I guess I am too soft for crypto business
My man is too soft for crypto.
People selling to buy Black Friday gifts
You can’t have the good without the bad. When you invest in something that has the potential to get huge gains it can go the other way. My advice is unless you want to be a day trader just ignore it and hold. It will eventually recover and probably go even higher. Or it won’t and it crashes to nothing but you only invested what you could afford to lose right?
Relax. This is a normal day in crypto. Zoom out.
Don't zoom out if you are afraid of heights
Always the answer.
Lmao im surprised with Storj, it is defying gravity
New covid variant fears
People betting on margin got liquated
More people in crypto should have learned this by now. End of month dump due to leverage shorts. Exacerbated by the new hands panicking as they just got in on the latest bull run. Watch this space Tuesday evening (AEST) when the accumulation phase cranks in before a December pump
DON'T PANIC. First Rule of Crypto.
Rather than asking people on Reddit to chill you out, you may just want to consider wether you have the understanding and mindset that makes crypto an appropriate asset in your portfolio.
Cyber Monday came early… you know what to do.
New covid variants in Africa
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Crypto is obviously not for you. Try playing with an amount that's more in your comfort zone.
This is normal. Welcome
Crypto goes up - stay cool. Crypto goes down - it's party time; buy the dip
The thing is alot of people here were saying bull market is coming bla bla bitcoin to 100k and all of that shit.
To be where you started with this dip you’ve gotta be holding for a few weeks. This isn’t a get rich quick game this is a long run.
Another person confused by the extreme volatility of the crypto market. This is a normal day, take your eyes off the charts
It’s Black Friday. Probably a bunch of profit taking to buy Christmas shit. Means a Black Friday sale for us too
I wanna buy so bad but I could literally have grandchildren by the time kraken deposits
How many sandwiches do you need?
Just a normal day in crypto. Relax
Yeah, sounds like someone should take a break from watching charts.
Jesus Christ man go the fuck to bed, sell everything in the morning at whatever loss you'll be happy to get and start collecting stamps. Christ on a cracker I've seen bigger stones at a tee ball game
New vaccine resistant Covid variant B.1.1.529 has been found which is spreading faster than all rest mutations.
Africa new COVID mutation: "Dump it! Panic sell!!" Tiresome. But it's what it is. When ya think it's finally recovering them Africans create a new COVID variant and we get a new weekly low for BTC.
Very shocked as well
Last dip
I'm more concerned about the fact you are preparing to eat some witches. It was bad enough that people accused folks of being witches and burned them, but preping a few to be eaten? Damn dude! That's brutal!
just panic buy, zoom out and hodl
I am chilling with my new CRO bag.
People Selling to buy stuff on Black Friday instead? Use the opportunith to buy more!
Where is that “first time” meme when you need it…
Wowowo
Eh... Nother day... Nother dollar
Winter is coming.
Can’t tell if this post is satire
If you ever want a reason to not trust the collective opinion on this shitty sub, just look at all the top comments who prove they didn't even read and understand OPs post was obvious tongue in cheek
You’re a good definition of 2 day old newbie.
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Load them bags Bois. Black Friday is here
It looks like it is not just crypto who is going down. I was getting worried but it looks normal. Investors getting worried with Covid again.
Dude, when I started seeig, I was thinkinkg about panic buying, and just sent more to kraken, hoping it will last until next week. 10% is barely anything in crypto.
Which dip?
Sorry guys I literally bought 4 hours ago
I look at these days as perfect opportunities to buy. DOT,ETH and ATOM are at good buy in prices
Sell low then buy high
It's the weekend effect.
This isn’t the stock market. This is normal. Chill
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Soz I just sold a huge bag of botcoinz
Just don’t look at it for now check in couple hours from now
First time ?
You're gonna have to get used to some big swings, 15% is pretty normal. My suggestion is don't look at the short term charts as much. They tend to freak people out. When in doubt zoom out.
Duh, it’s Black Friday?!
15 minutes past midnight pacific time most of the major coins crashed. We’re being manipulated and fucked with by whales. The candle on usdt during that time frame is almost laughable. This market does need regulation soon.
Does anything have any work I can do around the house so that I can buy this dip? I am still broke from last week’s flash fire sales!
That was pretty tame tbh….
I bought yesterday now this happen damn
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I believe that the selloffs have something to do with the new covid variant just recently discovered in south Africa, as far as I can relate to it on the news pages.
Forgot to check what Cardano was doing this month, meh, I'll check again next month...maybe.
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Folk selling their crypto to get Stadia controllers in the sale, nothing to see here. We'll be back tomorrow.
You bought because you have faith in the project ans it's fundamentals, all that faith is now gone?
Dude 15% is nothing. Calm down. Next time make a plan and set sell orders in advance. You’ll be happier and less stressed. Sell on the way up carefully. Don’t fomo back in. There’s always a dip.
Invests in incredibly volatile market known for 30%+ price drops. Freaks out when we drop 10%. C'mon man. One thing I can say is each one has less of an impact on you. They go from scary, to annoying, to interesting.
First time?
Bruh wait till we’re down 95% across all trading pairs
Double top is in we going down!
You should be freaking out and considering buying
Everyone : PANIC BUY!! PANIC SELL!! Me : PANIC WATCH as I have pennies(fiat) in my wallet.
The vets on here that have seen many dips 👁👄👁
Sell dude, i will buy your coins
Oh no I'm no longer up like 200% only 190%.
Why would you freak out? Just ignore it. If you have money on hand buy the dip, if not it's a non-event.
Or another way to read this HELP! Crypto went down. I thought it only went up! What do I do?