Cryptoland is going down, world on fire!

[ImKing]

Over the last 24 hours the entire crypto market is down with more than 15%

Anyone know what the hell is going on there?

I just bought 4K Stellar and yesterday it went the wrong way and I lost 20% with a finger snip, damn I hate these up and downs all the time.

Do you think this is the end for the cryptocurrency rally that was going on over the last 3 - 4 weeks or is it just a temporary dip?

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[nomad999]

after the madness these past week we were long overdue for a correction, If⁣ this last more than a few days I would be very surprised.
I was watching⁢ a few shitcoins I want to buy and obviously the price on these went down︀ significantly less than the others ... don't get fool by the short term speculators moving︁ in and out at the first opportunity and the newbs losing their lunch ...
now is a good time to observe which shitcoins hold the ground and which don't.

now I am curious, what do you like about XLM ?

 

[blizz]

Looks like people panic
https://www.coindesk.com/bitcoin-plummets-as-miners-sell-inventory-spot-markets-panic
It is falling apart at the moment, down to 31,5K‌ stupi#21

 

[nomad999]

coinbase and kraken have a hard time keeping up with the demand it seems, this‌ prevent buying pressure and push the price lower.



https://twitter.com/x/status/1348664714587369472

 

[exprtadvisrdev]

How easy is to issue tokens there and how cheap transactions are at this‍ moment, it helps a lot with crypto business.

Also you can freeze funds so it's⁠ easier to comply with regulations... Yeah is not censorship resistant but we are talking about⁤ business and it's a win win (for now).

That's what I like about it... But⁣ I don't have lumens I only buy when I need it rof/%

 

[John Andrews]

Just a good old correction, chill

 

[blizz]

Everything looks like‌ it went back to normal and rates rise.

 

[erni]

not back to 41K but at least it is not going further down bla-"!

 

[John Andrews]

Well duh, that's why it's called a correction.

 

[nomad999]

https://www.reuters.com/article/cry...ulating-bitcoins-funny-business-idUSL1N2JO0RM
a clear attempt at pushing the price lower to buy the dip !

 

[burden]

it is already up above 35K again, @nomad999 is right.

 

[nomad999]

lots of shitcoins already took off, bitcoin and eth are warming up nicely ... next‌ stop the andromeda galaxy. smi(&%

$GME wants to steal the show ... nice try ahah rof/%

 

[Paper Chaser]

Granny alert. Bitcoin is evil. Europe in a nutshell.

 

[JackAlabama]

Yeah, please invest in our very stable euro. We are the paradise on earth. eu‍ is the future. We protect all people and environment and ensure your prosperity.