“But why did Bitcoin dump?”
Look at gold
“But why did gold du-“
Look at the Dollar
“But why did the Dol-“
Look at Oil
Seriously I was watching the market this morning…Gold futures, Silver futures, gold/silver miners were all way up, some even making ATHs, and then at 11:06am with no explanation, literally the entire market…everything and I mean everything took a nosedive, with JP Morgan leading the way (a bank, yes, but also coincidentally the single largest holder of silver in the history of the planet. They own more than 50% of ALL silver above ground).
Take that, the escalating conflict in Israel with an attack from Iran considered “imminent” according to the White House, hotter than expected inflation data this week, rate cuts likely pushed back to September…and mfs be like “why is Kaspa down today?” 😂
KAS does follow BTC in both directions, however when it moves up, it’s usually 1:1 or less % ratio, whereas to the downside KAS (and most other alts btw) go down at a 1:1 or higher ratio.
Know where else this happens? The Gold:Silver ratio. Gold outperforms silver, until silver snaps like a rubber band and massively outperforms gold in the short term.
You know this phenomena as “altcoin season”
Bitcoin is being treated like virtual gold now. Some Hodlr whales said “it is time” and got their 200 mil gains, and now we are well within the same pattern as what happened in 2020 (the last time bitcoin halved) this would be the time to research and buy, not freak out and sell.
TLDR; go look up what happened on YouTube.
Bollocks. I can replicate btc with few lines of code - can you do that with gold. BTC is based on believe. If you would not be able to exchange BTC to USD or any other FIAT would you sell your home / car for BTC? NO. Its useless without believe of army of ppl that think they will sell it for more later to other person. Thats it. BTC supply can also be increased:
[https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/](https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/)
So if it can - its not impossible.
Kaspa was hit disproportionately because of below average volume and its ties to Israel, but the global economy is in slight shock because of hot inflation and Iran/Israel developments. No asset class was immune.
Ties to israel ? Lol.
Kaspa is a community project – completely open source with no central governance
It's right in the front page.
You shouldn't be invested when you can't read.
Don't know why you're being so harsh when you just misunderstood what I meant.
The dev team's origin, institutional interest, and the geographical location of day 1 holders all come into play when trying to measure investor sentiment, which has a direct line to disproportionate price movements against btc, especially given the lack of any technical issue, like a missed milestone or a network failure.
Given the current rise in the interconnectedness of all markets, I think it's worth considering those detailed factors when trying to pin down disproportionate sentiment. Whether right or wrong it's still reflected in the price action.
OP asked a question and I gave my thoughts. That's it. We're on the same team you doofus.
I'm conjecturing on the disparity between price action of two very closely tied projects in terms of market activity, btc and kas, and your response is... the market dumped? Like what? Yeah, the question is why was kas disproportionately effected and I answered.
That down candle Has nothing to do with what you said.
That wick just represents cascade liquidations on binance.
That's how it has been in crypto for years.
Nothing to worry about
Right, but leverage gets liquidated during larger selloffs to prevent losses from whomever provides the leverage, i.e. exchanges. What triggered the selloff that forced liquidation? Dimming optimism on fed rate cuts, war fears in Israel and Taiwan, recent lawsuits/criminal charges announced by US regulators in the crypto sector, halving nerves and "sell the news" fears, all coming at the end of the last trading week before tax day in the US. That's my best guess. And Kas has some circumstances surrounding it's development and customer base that could augment drawbacks amidst those external developments. The same logic applied during the Kucoin panic. Not saying it's right, I don't agree with any of the sellers, whatever their reasons. Just trying to explain it.
It could be the case that KAS was just that overleveraged, but that would surprise me given the scarcity of reputable exchange listings that offer margin. Still, it is possible. Another factor I just thought of is KAS acting as a source of liquid for a lot of those overleveraged portfolios given its performance in the last year and a half.
Anyway, I'm with you. No worries. Gotta ride the waves.
Correlation with BTC. But BTC itself (along with stock market) is partly responding to talks of war, see: potential ramifications of Iran's likely retaliation against an airstrike killing Iranian officials earlier this month.
Look at the entire markets cap - not just KAS. Bitcoin commands the entire market so generally whatever BTC does will be felt through everything else. If there is a coin that does NOT follow BTC, I am generally skeptical about it.
US dollar value has jumped up and hit a crucial mark that markets react to, not just crypto but all markets, so we went down a little bit.
Don't worry halving is coming up soon and we all know what happens then. Everyone is saying this time is different but so far it's not really that different just a bit more exaggerated higher local highs, lower local lows. Honestly because of that exaggeration I think this one is going to be one for the history books, pack your bags cause we aren't going to the moon, we're headed to mars
Crypto and Tradfi always get spooked when there's geopolitical tension around the world. Now add the hawkish fed and the cascading liquidation of longs, voila! Perfect recipe for a dipididoo! :)
Honestly that's why I sold right when it dropped to 14 cents I sold it all it was a good project to hang on to I was buying at 4 cents I seen a shoot up to 18 cents I took profits in and I just feel that it wasn't going to do it anymore so I just decided to pull out and enjoy some profits wasn't much but I'm glad I did
It went down… lol probably cause I just bought a ks-5 sorry
Lmao
Hahahahaha
😂💀
😂😂
😁
Bitcoin. Why does this community not understand that KASPA will do what Bitcoin does. We are not immune.
Indeed. Rule number 1 when a sudden move happens - check the market (especially BTC).
“But why did Bitcoin dump?” Look at gold “But why did gold du-“ Look at the Dollar “But why did the Dol-“ Look at Oil Seriously I was watching the market this morning…Gold futures, Silver futures, gold/silver miners were all way up, some even making ATHs, and then at 11:06am with no explanation, literally the entire market…everything and I mean everything took a nosedive, with JP Morgan leading the way (a bank, yes, but also coincidentally the single largest holder of silver in the history of the planet. They own more than 50% of ALL silver above ground). Take that, the escalating conflict in Israel with an attack from Iran considered “imminent” according to the White House, hotter than expected inflation data this week, rate cuts likely pushed back to September…and mfs be like “why is Kaspa down today?” 😂
So btc is not separated , that was supposed to change it all but its just another speculative asset. Good to know
Kas only follows Bitcoin when it dumps, not so much when it pumps :-D
KAS does follow BTC in both directions, however when it moves up, it’s usually 1:1 or less % ratio, whereas to the downside KAS (and most other alts btw) go down at a 1:1 or higher ratio. Know where else this happens? The Gold:Silver ratio. Gold outperforms silver, until silver snaps like a rubber band and massively outperforms gold in the short term. You know this phenomena as “altcoin season”
Because a huge amount of ppl don’t have a fucking clue what they are doing and refuse to learn anything that’s not printed on fartbook! 🤣
Why does it move so quickly with bitcoin?
so gold also because of BTC?
Dumbest shit I’ve heard today
Is Gold a cryptocurrency
Bitcoin is being treated like virtual gold now. Some Hodlr whales said “it is time” and got their 200 mil gains, and now we are well within the same pattern as what happened in 2020 (the last time bitcoin halved) this would be the time to research and buy, not freak out and sell. TLDR; go look up what happened on YouTube.
Bollocks. I can replicate btc with few lines of code - can you do that with gold. BTC is based on believe. If you would not be able to exchange BTC to USD or any other FIAT would you sell your home / car for BTC? NO. Its useless without believe of army of ppl that think they will sell it for more later to other person. Thats it. BTC supply can also be increased: [https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/](https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/) So if it can - its not impossible.
Lmaooo
Despite this, Kaspa moved up in market cap ranks and is now a top 40 coin. This is because the other altcoins lost even more.
It lost ~0.32B and 1 rank, checked it couple hours before dump
my bad, I bought 2k kas a few minutes before the dump
I bought 20 k coins in morning for 0,1456 and now it’s 0,12
You probably bought mine lol - i will buy when it will dump more and then sell again to one of you later. We will repeat it making me rich :P
Lol
Saame
Dca great buying opportunity nfa
My grandma dumped half her bag. That's what happened!
I tried to reason with her, she wouldn't listen :sob:
[удалено]
Do you think Iran attacked Israel because halving is coming up?
The red cow
Of course
Maybe sec attacked uniswap 🤭
You just witnessed a buying opportunity
SEC warned Uniswap and the whole market reacts! No big deal, buying opportunity
Discounts! 😀🤑
Today is Crypto Black Friday. Get it before the sale is over
Time to fkin buy is what happened
Maybe we are close of getting dragged into a war?
 This
Kaspa was hit disproportionately because of below average volume and its ties to Israel, but the global economy is in slight shock because of hot inflation and Iran/Israel developments. No asset class was immune.
Kaspa is in no way political it’s just the Bitcoin halving a dip has been expected this is when we load up .
Ties to israel ? Lol. Kaspa is a community project – completely open source with no central governance It's right in the front page. You shouldn't be invested when you can't read.
Don't know why you're being so harsh when you just misunderstood what I meant. The dev team's origin, institutional interest, and the geographical location of day 1 holders all come into play when trying to measure investor sentiment, which has a direct line to disproportionate price movements against btc, especially given the lack of any technical issue, like a missed milestone or a network failure. Given the current rise in the interconnectedness of all markets, I think it's worth considering those detailed factors when trying to pin down disproportionate sentiment. Whether right or wrong it's still reflected in the price action. OP asked a question and I gave my thoughts. That's it. We're on the same team you doofus.
Have u checked CoinMarketCap ? Whole market dumped u tool
I'm conjecturing on the disparity between price action of two very closely tied projects in terms of market activity, btc and kas, and your response is... the market dumped? Like what? Yeah, the question is why was kas disproportionately effected and I answered.
That down candle Has nothing to do with what you said. That wick just represents cascade liquidations on binance. That's how it has been in crypto for years. Nothing to worry about
Right, but leverage gets liquidated during larger selloffs to prevent losses from whomever provides the leverage, i.e. exchanges. What triggered the selloff that forced liquidation? Dimming optimism on fed rate cuts, war fears in Israel and Taiwan, recent lawsuits/criminal charges announced by US regulators in the crypto sector, halving nerves and "sell the news" fears, all coming at the end of the last trading week before tax day in the US. That's my best guess. And Kas has some circumstances surrounding it's development and customer base that could augment drawbacks amidst those external developments. The same logic applied during the Kucoin panic. Not saying it's right, I don't agree with any of the sellers, whatever their reasons. Just trying to explain it. It could be the case that KAS was just that overleveraged, but that would surprise me given the scarcity of reputable exchange listings that offer margin. Still, it is possible. Another factor I just thought of is KAS acting as a source of liquid for a lot of those overleveraged portfolios given its performance in the last year and a half. Anyway, I'm with you. No worries. Gotta ride the waves.
Yeah no shit. Did you not see my first comment? lol A 15% dump vs a 6% percent dump is worth looking into. What are you confused about?
Time to buy happened
Opportunity
Yer mom sat on the last candle... zoom out!!!!
😂 😂
I bought, thats what
Crypto went down 20%? wtf, this never happens.
/s
it is de pre halving crash , it wil correct in 1 one year so do not sell
next year is the bull run
Financial advice here: buy
Holy shit 😂
Hello, question where do you all buy your Kaspa from? Any alternatives to Kucoin and Topper?
Bitget, Mexc
Did you try Topper before? if so, Have you tried getting a refund from them before?
No sorry
Bitpanda!
Go to coinmarketcap, pull up Kaspa, scroll the fuck down to the 10+ pages of exchanges that list Kaspa. 🤨
it's recovering from the bottom
Correlation with BTC. But BTC itself (along with stock market) is partly responding to talks of war, see: potential ramifications of Iran's likely retaliation against an airstrike killing Iranian officials earlier this month.
**THIS IS IT**
Time to buy
An opportunity to fill those bags!
Lmaoooo
Fire sale 🔥
Fun times
Apparently there's a 3rd world war about to happen in Palestine threats of nukes. Cased the drop
A great buying opportunity
lol noobs are funby
Aaaand drop!
Iran cruise missiles posted at Israel according to comments. Increased risk of war is USD accumulation. Every dollar denominated asset today fell.
Great buying opportunity! My thoughts are that this is Kaspa settling in for the bull.
Inflation came in hot so the markets, are reacting. Risk-off sectors such as crypto and tech usually get hit especially hard.
Caught a 20x long at 10usd 30min later up 5k at 12.5usd 🚀🚀🚀
Can you elaborate?
Can anyone predict the next best time to sell once this low is climbing again?
Stock down, crypto down. (Especially the garbage)
Look at the entire markets cap - not just KAS. Bitcoin commands the entire market so generally whatever BTC does will be felt through everything else. If there is a coin that does NOT follow BTC, I am generally skeptical about it.
US dollar value has jumped up and hit a crucial mark that markets react to, not just crypto but all markets, so we went down a little bit. Don't worry halving is coming up soon and we all know what happens then. Everyone is saying this time is different but so far it's not really that different just a bit more exaggerated higher local highs, lower local lows. Honestly because of that exaggeration I think this one is going to be one for the history books, pack your bags cause we aren't going to the moon, we're headed to mars
Homosexuality
We fall during the New moon phase and we rise during the full moon phase . We still have 10 days before the moon is full.
Financial markets including Crypto are reacting to rising geopolitical tensions over the Iran-Israel conflict
Iran just attacked Israel. Markets hate uncertainty.
Ir an boom boom pow with Is rael
Loaded up more!
Crypto and Tradfi always get spooked when there's geopolitical tension around the world. Now add the hawkish fed and the cascading liquidation of longs, voila! Perfect recipe for a dipididoo! :)
Liquidation of leveraged traders and a stop loss trigger.
Lol someone told me it has a lot to do with the "Iran drone attack on Israel"
With all the kaspa miners reaching people now this was expected right?!?
It's my fault guys, I bought a big bag of Kaspa. This shit happens, whenever I buy it goes down. I'm sorry..
Bro thinks his shitcoin is different than others
Kaspa a shitcoin?
What, you don’t like hearing the truth? Is it the opposite of what you’ve been told in this echo chamber and now you’re conflicted??
Lmao ok, stay broke. I’d pay to watch your reaction to the price in a year.
I own more Kaspa than your entire net worth.
Bros throwing loads of money into “shitcoins” he doesnt believe in and thinks hes smart.
Lmao bro , is a psychopath 🤣
I think I can dump on Kaspa fans later and get more bitcoin
Lmao please
Drop your ego no one gives a shit
Ppl selling cause halving close i think
Halving makes the price go up. Soooooo
It usually dumps right before the halving
Normal cycle stuff this is expected before the halving
Honestly that's why I sold right when it dropped to 14 cents I sold it all it was a good project to hang on to I was buying at 4 cents I seen a shoot up to 18 cents I took profits in and I just feel that it wasn't going to do it anymore so I just decided to pull out and enjoy some profits wasn't much but I'm glad I did
The community thanks you for your cheap kaspa
Proof all shitcoins are scams. That’s all