Any news why bitcoin drop so much today

**carolinakid** · 09-20-21, 11:41 AM

down about 8% in the last 24hrs

**Darkside Magick** · 09-20-21, 11:43 AM

El Salvador buying... Price drop

**carolinakid** · 09-20-21, 11:43 AM

thanks

**Darkside Magick** · 09-20-21, 11:50 AM

I should have said El Salvador is buying right now.. They didn't cause the dip.. One would had figured the price would have rose since they holding 700 bitcoins

**MinnesotaFats** · 09-20-21, 11:50 AM

Nobody has any money

I've been saying this for months, but the lower 15% of the US consumers really don't have any money...the earnings reports are going to suck, air travel is dead, hospitality is dead and the current administration is so mask/ covid panicking that finally those w assets are selling off.

Noone want to be stuck holding decling assets when the real Biden economy sinks in.

Would think gold will pop huge pretty quick, but we might see a very ugly end to September here

**jjgold** · 09-20-21, 12:11 PM

Originally posted by MinnesotaFats

Nobody has any money

I've been saying this for months, but the lower 15% of the US consumers really don't have any money...the earnings reports are going to suck, air travel is dead, hospitality is dead and the current administration is so mask/ covid panicking that finally those w assets are selling off.

Noone want to be stuck holding decling assets when the real Biden economy sinks in.

Would think gold will pop huge pretty quick, but we might see a very ugly end to September here

Economy has to crumble

Housing out of control like most things

**Greenline** · 09-20-21, 01:03 PM

China. Evergrande announced they can't make their loan interest payments due today and they are the literal most valuable real estate company in the world.

**PD77** · 09-20-21, 01:39 PM

It’s not just crypto, Evergrande is tanking everything. Dow Jones is down 900 points. Correction is due though.

**BigJay** · 09-20-21, 01:47 PM

“Wilson, you idiot, get back in there and sell, sell!” - Randolph Duke

https://m.youtube.com/watch?v=i2uu6NF2inY

**Mac4Lyfe** · 09-20-21, 01:56 PM

Originally posted by BigJay

“Wilson, you idiot, get back in there and sell, sell!” - Randolph Duke

<a href="https://m.youtube.com/watch?v=i2uu6NF2inY" target="_blank" rel="nofollow">

FIFY. I mentioned in the stock thread a couple weeks ago, to sell. Buy back in a couple of weeks.

**mngambler** · 09-20-21, 02:06 PM

90% of BTC trading is 'institutional' trading using leverage...retail barely controls 10%...once in awhile said 'big boys' want to shake out retail to buy back lower so that is what we on a semi regular basis and also happens to be when the sharps are using their stable coin bags to load up the wagon with some nice discounts. Not saying thats exactly whats happening today, there are other factors of course but that is generally how the market works. Good Luck!

**mngambler** · 09-20-21, 02:09 PM

Originally posted by MinnesotaFats

Nobody has any money

I've been saying this for months, but the lower 15% of the US consumers really don't have any money...the earnings reports are going to suck, air travel is dead, hospitality is dead and the current administration is so mask/ covid panicking that finally those w assets are selling off.

Noone want to be stuck holding decling assets when the real Biden economy sinks in.

Would think gold will pop huge pretty quick, but we might see a very ugly end to September here

you could fooled those said consumers....luxury good sales are off the charts, everything from Rolex's that are trading 40%+ over retail to RV's/Boats/Motorcycles/Backyard remodels, etc etc. the spending is def. there, doesn't mean people have the money tho

**Stallion** · 09-20-21, 02:23 PM

Rich people have money. This is the "correction" people have been looking for, for months. I am guessing this is just the beginning.

**jjgold** · 09-20-21, 03:56 PM

It goes up and it goes down you’re in it for the long term anywhere else you’re a loser just like stocks

**carolinakid** · 09-20-21, 03:57 PM

most people trade or hold a position about 80 days in bitcoin, i pick up some more in the 43,500 area today, also im working on buying a couple of the bitcoin atm machines

**TheMoneyShot** · 09-20-21, 04:33 PM

Its called... no more free money with unemployment lol everything will be tanking soon. Wouldn't be surprised if a major correction occurs. The Federal and State debt has to be outrageous. How do you make up for all of this??? And I agree housing market ridiculous....

People qualified for homes in which really... they couldn't afford. Everything sky high because of the stimulus.

**Doublethink** · 09-20-21, 05:16 PM

Bitcoin Price Prediction For 2030 | Bitcoin Price In 10 Years | Currency.com

**johnnyvegas13** · 09-20-21, 05:17 PM

Elon musk tweeted doge coin is better

**thomorino** · 09-20-21, 05:23 PM

Chinas largest real estate developer is facing liquidation and the sell off in risk assets is forcing people to raise capital

**raiders72001** · 09-20-21, 05:23 PM

A ton of recent bad news:

1. Evergrande $300b debt and the trickle down affect if they go bankrupt.
2. Coinbase backed down to SEC and won't have a lending project.
3. Yellen is coming out soon with a statement on stablecoins.
4. Hidden in the infrastructure bill is that Americans must reveal the crypto counterparty in transactions of $10k or more.
5. The US threatening crackdown on stablecoins, DeFi and mixers.
6. WSJ and other media outlets spreading FUD.

Whales manipulate the market every time this type of big news comes out. Just my opinion but we will be fine and I'm not selling a thing.

**thomorino** · 09-20-21, 05:29 PM

Originally posted by raiders72001

A ton of recent bad news:

1. Evergrande $300b debt and the trickle down affect if they go bankrupt.
2. Coinbase backed down to SEC and won't have a lending project.
3. Yellen is coming out soon with a statement on stablecoins.
4. Hidden in the infrastructure bill is that Americans must reveal the crypto counterparty in transactions of $10k or more.
5. The US threatening crackdown on stablecoins, DeFi and mixers.
6. WSJ and other media outlets spreading FUD.

Whales manipulate the market every time this type of big news comes out. Just my opinion but we will be fine and I'm not selling a thing.

All of that news was known before today except the evergrande story. The infrastructure bill will never pass anyways.

**firedawg** · 09-20-21, 05:30 PM

Originally posted by thomorino

All of that news was known before today except the evergrande story. The infrastructure bill will never pass anyways.

the largest in the world
you are a dumb fukkkkk

**raiders72001** · 09-20-21, 05:37 PM

Originally posted by thomorino

All of that news was known before today except the evergrande story. The infrastructure bill will never pass anyways.

It's cumulative. The Evergrande news comes out and the media goes crazy spreading FUD on the other recent news posted. There was also a 277 pBTC hack. The SEC is going to use this against DeFi projects.

**firedawg** · 09-20-21, 05:40 PM

Originally posted by raiders72001

It's cumulative. The Evergrande news comes out and the media goes crazy spreading FUD on the other recent news posted. There was also a 270 pBTC hack.

this

**jjgold** · 09-20-21, 05:46 PM

Be patient

Bitcoin is the fastest growing thing in the world user wise bigger than the internet explosion when it started an that was huge if you compare the numbers

cannot miss but long term

**thomorino** · 09-20-21, 06:04 PM

Originally posted by firedawg

the largest in the world
you are a dumb fukkkkk

Stop talking you dumb shit, you can't even spell bitcoin.

**thomorino** · 09-20-21, 06:05 PM

Originally posted by raiders72001

It's cumulative. The Evergrande news comes out and the media goes crazy spreading FUD on the other recent news posted. There was also a 277 pBTC hack. The SEC is going to use this against DeFi projects.

That's not how markets work, all the news you mentioned was public knowledge except the evergrande story have been public knowledge for weeks, that news was priced in.

**Salam** · 09-20-21, 06:06 PM

Expect suicides to go up.

**firedawg** · 09-20-21, 06:28 PM

Originally posted by thomorino

That's not how markets work, all the news you mentioned was public knowledge except the evergrande story have been public knowledge for weeks, that news was priced in.

unbelievable

**raiders72001** · 09-20-21, 06:30 PM

Originally posted by thomorino

That's not how markets work, all the news you mentioned was public knowledge except the evergrande story have been public knowledge for weeks, that news was priced in.

It's how the bitcoin market works.

**jjgold** · 09-20-21, 06:33 PM

Morino you have no idea what your talking about

Bitcoin moves off news more than any other financial instrument

**firedawg** · 09-20-21, 06:34 PM

Originally posted by jjgold

Morino you have no idea what your talking about

Bitcoin moves off news more than any other financial instrument

auto saloon him jj

guys a turd

**carolinakid** · 09-20-21, 06:47 PM

down to 42,700 now

**pablo222** · 09-20-21, 06:50 PM

1 year ago today BTC was about 10.6k and ETH was 360.