Official BGOL Crypto Currency Thread ★★★★★

APOPHIS

Autodidact / Polymath
Platinum Member
Why is this


I'm not sure of the exact reason but looking at the charts Both BTC and ETH are trading down
and smaller cap coins tend to experience greater sell-offs when this is the case.
Also, it could be because whales, institutions, and insiders are dumping after pumping dog tokens to new all time highs


See example from @joshuajammes on twitter

The people that will get robbed in the crypto market are the people who can’t recognize front running & pump & dumps.
1. Institution purchases coin
2. Institution pumps coin
3. Retail begins purchasing coin
4. Institutions dumps coin for profit
5. Coin tanks, retail holding the bag


He was referencing Doge coin
A Goldman Sac exec recently made 10s of millions on Doge and quit shortly thereafter from his managing director position. Dude must have banked about 30 million easily. Quitting a 600k job ain't easy.
 

Mr.Mojo

Rising Star
Registered
dog dumped because vb decided to send 1b to India but put the market in a panic but also kind of force them to do what they claim they'd do which is help and donate

elon is now on team shibu
sorry doge folks that's done


:pain:
I wonder how the SHIBA founders feel about this move.

That's probably it right there.
AltruisticDependableGordonsetter-small.gif


And..

Alot of this
angry-face.gif


:lol:

Boy I sold that shit quick as fuck..
 

havelcok

Rising Star
Platinum Member
well bitcoin was already on its way down before the musk announcement
it was down due to inflation news

therefore the bitcoin experiment has failed

it is supposed to be a hedge against inflation

it should have gone up

gold only down 0.7%
 
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