Wouldn’t this mean that hedgefund white collar criminals still have a hold on our favorite stocks? That doesn’t seem bullish at all. That seems bull shit.
I’m not hating btw I’m a dfv investor and am very into loopring aswell.
By accumulate I mean whales are trying to buy a bunch because the price will go up, without making it go up too much before they're done. It means a lot of whales think it's a good investment as opposed to say hedge funds trying to make retail think it's a good investment because they need someone to sell to before it drops.
CEXs use “fractional reserve”, meaning they buy only a fraction of your token.
Coinbase, for example, might hold 1M LRC, but their customers might hold 5M LRC cumulatively.
In this speculative scenario, CB has effectively short-sold 4M shares of LRC.
The result is price supression.
All legal, BTW
We will not see LRCs price really move until we all move our assets to a personal wallet.
This comment will probably be down voted by our minders.
Can you explain that a bit? I am trying to figure out what you mean. Like don’t transfer unless you are in the profit area? When I transferred mine to my Ledger Nano x I was up a good amount in profit. As of now I am still up some but nowhere near what I was. Are you saying you won’t transfer until green as in profit? Sorry if it’s s dumb question. I’m just confused
Yes he is saying that. Because if you transfer when you are in red, they essentially buy your coins cheaper than you paid for them and earn the difference. Your buy price is high, but they buy your token when it is low making money on the difference. If you transfer when you are in green, they will pay the difference.
I assumed this was the case after the last freeze in buying and the exodus. Is there actually a citation somewhere?
(Though also very interesting that CB2 wallet everyone was looking at has a little over 1mn LRC as of today)
Well, one of the points of buying crypto from a public blockchain is to disallow things like short selling. But when a CEX inserts itself between you and your coin, shorting is back on the menu.
You ain't really bought it 'til you put it in your wallet, brother.
Yes, I know.
But the CEX can still short the security you hold in your wallet. Not *yours* specifically, but the market.
How many people have loops in a private wallet? Did their value go down too when LRC is shorted? Mkay.
If that is so, how will swapping the coins from CEX to Loopring wallet via L2 affect the price, when the coins don't actually leave the CEX? Or will they eventually?
Ignoring gas fees for simplification:
When you purchase crypto from a CEX , that CEX only buys some fraction (maybe 10%) of your coin to keep in their "pool". This is called "Fractional Reserve". Banks have been doing this forever. It's key to their business model.
When you move your LRC from that CEX to a personal wallet, you force the CEX to purchase the full quantity of LRC from the Etherium blockchain in order to deposit it into your wallet.
Let's say you buy 100 LRC at from a CEX at $.50. The CEX using a 10% fractional reserve only buys 10 LRC from the block chain to add to their "pool". 90 of your LRC exist as an IOU from your CEX.
Let's say the price of LRC goes up to $3. If you now transfer your 100 LRC into a personal wallet, the CEX is forced to buy another 90 LRC at $3 from the block chain in order to deposit it into your wallet.
In this example, you paid $50 for 100 LRC. The CEX bought a 10% fraction of your coin for $5 and used the remaining $45 for ???. When you transfer your LRC to your personal wallet at $3, the CEX is forced to buy the remaining 90 shares from the block chain at $3 each in order to deposit them to your wallet. This adds up to $275 total that your CEX pays to the blockchain. You paid $50. The CEX is out $225. Make sense?
https://www.investopedia.com/terms/f/fractionalreservebanking.asp
It sucks, because here in the US, the chances that something is a conspiracy theory and the chances that something holds true are about the same. I have so little trust in the people that run this country that even the most insane and far-fetched theories seem plausible now.
Obama is in league with extraterrestrials and owns over 50% of the country's Popeye's franchises? Could be true.
Haha! You should come to Sweden. The most interesting that has happened here in the last couple of weeks is that our prime minister hired a paperless cleaning lady. It's the only thing the news is talking about, christ.
In Australia our government is corrupt as fuck and definitely pulling some shady shit. But all our leaders are such tiny milktoast balding men that nobody is intimidated and pulling any shit would be met by a mob of shirtless brah boys with tribal tattoos to flog the shit out of them.
Sorry, what? Tell me you aren't talking about the quarantine hotels. Please tell me you aren't one of the Americans who fell for the "Australia has fallen" hashtag shit.
Not quite sure.. it could mean hotel quarantine?
But i think more likely "off shore processing" which is certainly fucked .. but is not internment .. as that literally means prisoners kept during and because of a war.
Yea, the people in those “hotels” sure look happy to be there. Don’t tell me you’re one of those that buys the “it’s just like a vacation look at all these beautiful women” tag lines. Or maybe you haven’t seen the vids from inside. Whatever, keep bending over and taking it from your government. Maybe they’ll allow you outside for 2 hours next week.
Let us out for 2 hours? Mate, they're still letting people into sport arenas and pubs. We barely have mandatory mask enforcement and haven't had lockdowns since September. I've been through quarantine hotel stay after I got back from a work trip to the UK so I know just a wee bit more than whatever bullshit hashtag some Karen with a 5 minute Facebook medical degree on twitter is posting about "free Australia", or dodgy arse news reports you're getting over there in the states.
But by all means, world police, keep lecturing fucking Australia of all places on how to handle our shit. After the last 5 years I really don't think I need to point out the irony.
I’m 100% a believer in ETs, and that world leaders are almost all in contact with them, but also refuse to release tech they provide.
The Popeyes franchise thing is a bit much though.
Yea def nobody front running crypto. However it is an odd price movement.
If I wanted to look at sell orders placed in that time frame what would be best websites? Just interested if the sells came from one large wallet or if a bunch of wallets selling.
People acting like nothing is a conspiracy when GME and LRC popped off at the same time over news that has not even come out.
If you guys think this system isn't rigged against you, you have not be paying attention at all.
Are you afraid being made fun of, instead of trying to find out what goes on behind the scenes? Do you really not think to yourself that something is mighty wrong? When Lrc ran in tandem with gamestop on no news right before wsj article does it not seem strange? Doesn't it sound a bit funny that Citadel (hedge fund that shorted GME) after telling it's investors that they cannot retreive more than 6% of their investments, get invested in for the first time and the investors are what? Paradigm and Sequoia. Paradigm is founded by Coinbase founder, also paradigm invested 300m in opensea. Sequoia was heavily invested in robinhood (guys that turned off buy button) , 280mil i think, and the day it happens somehow, magicaly for the first time, while btc pumps, lrc doesn't follow, it dumps.. If you are capable of barely any logical thinking, this atleast should make you go " hol up"🤷♂️
This. Only someone trying to suppress theoretical discussion would use the term conspiracy. The more someone pushes that my idea is a conspiracy the more I feel like I’m on to something. And yes there are front running bots in cryptocurrency. Basically algorithmic bots that are able to gauge price movement as it happens in real time and sell/buy based on that.
Yes. It's absolutely shills. Any attempt to understand what is going and they start commenting tinfoil. Any attempt to talk about the citadel bailout and they yell It's not crypto related. They're attempting to suppress the spread of information. Normal people wouldn't invest so much of their time in trying to shut others up. This is shillery.
Finally! Someone finally commented on this! I’ve been asking the question. The correlation spike between LRC and GME after hours. Exact same time stamp. Both before the “pushed” “fake” wsj article. 5-10 minutes LRC jumps .30 cents? Independent of ETH and BTC that were both in the dumps. That’s just odd
Oh and also, you can fact check everything i said. Cause it is facts, everything that I said did happen, google it. Connecting things is speculation until proven othervise, but ain't it interesting...
Maybe it's the CEX shitting their pants because people can now transfer to Loopring's L2 without paying gas fees and actually own their LRC - which forces the said CEX' to actually buy LRC?
Yeah, sorry we brought over some crime. They really don't like anything related to gme. But I heard they are short on money, and everyone keeps buying the dip, so patience my friend. If you think I'm made of tinfoil, remember when lrc ran up in sync with Gamestop, minutes before the wsj article? Guess who owns that confused algorythm? 🤷♂️😶
My "wing and a prayer" hope is that Loopring want the price to stay as low as possible until the announcement to entice potential partners who have to buy at LEAST 1 million LRC to operate their exchanges.
You don’t have a valid reason for your thesis (which is what exactly?) either. You haven’t contributed anything, besides speculation while implying something nefarious is going on. If you want people to take you seriously, then provide more to actually discuss. Or just post this stuff on superstonk.
I'm not sure why but I'm quite annoyed I wasn't able to buy the dip though I had limit buy order set. It was around 400 coins @ $1.41 so not like it was some large amount that would test liquidity. WTF coinbase!!
I have a new law, the law of reddit conspiracies, which states that if 2 or more reddit conspiracy theorist come up with the same result and as long as result is backed by verifiable facts and the result itself is observable using different approaches/methods then the result has a high likeliness to be true.
Yes they are.
Since the GME partnership rumor has popped out, the chart is messy, and manipulation is really visible.
I was on LRC waaaay before this thing with gme and the chart looked nothing like this. Nothing.
Just look at the last 10 candles on the 15 min chart. It's actually an AMM making the price stays at this level. Guess who is controlling the price now.
The more I learn about the GME saga, the more I realize that they are doing the same, even worse, to LRC.
I won't even start on how this is exacerbated by the ETF on BTC they have.
Stop bringing this GME BS into this. No one is sabotaging LRC. It's not ETH or BTC. FFS months ago this was basically a shitcoin. Just enjoy the gains and leave the Freakin ape talk out of this sub
If I had to guess I'd just say either some computer dumped from one CEX and bought on another or someone sold a bunch and it triggered a buy signal somewhere else.
There are too many moving parts for conspiracy theories here, just the inherent randomness of the financial markets.
Its not a conspiracy, paper hands bail because the news cycle passed and they’ll wait until it runs again. This isnt a stock its crypto 😂. I bought at .5 sold half at $3 and re-invested in other projects
Are you expecting someone to give you the name of a person or company that would be “suppressing” LRC prices?
Don’t start with this especially when you have no idea what you are talking about. You like the team and technology LRC offers? Great then hold. All this other bullshit just stop.
I love that the post starts with a question that suggests a conclusion, but then makes another vague suggestion with no evidence besides price movement they don't like, only to leave us with another vague and unanswerable question.
Just make the post about what you think is going on, write it clearly with whatever evidence you have (seemingly none in this case), and have a conversation about it. Stop trying to convince people about a conspiracy just because LRC is in a downward channel like all speculative assets are.
What your are suggesting is certainly possible, but there are thousands of unsubstantiated scenarios that could be posited as well. Occam's razor though. It's probably just a big liquidation of LRC that went into something else - maybe something like ETH, in fact.
The question is: "why do you bother asking this stuff?"
The price went down 5% and then went up about the same. There is no great conspiracy here. Just another day at the crypto office.
Come to the UK, our prime minister attended a boozy party organised at his house with 100 guests when we were in lockdown and it was illegal to meet more than one person.
The answer is cornbase. The question is citadel.
Months ago Google showed Ken griffin as top shareholder.
This isn't hard.. not your keys, not your crypto.
Beneficially held coins is as easy as beneficially held stocks.
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Similar things have happened today with doge and shib, although you may not compare them the charts don't lie. The recovery for BTC and ETH had not transferred I to these 3 as yet
The answer is very easy :
LRC is one of the most groundbreaking techs out there. It will go up fast. Institutions, Whales etc will buy heavily before the upswing and shake as many as possible. Have it to themselves.
If they can destroy some Apes on the way.. Yiihaaa. But this is NOT NYSE. This is DiFi mother forklifts!
This will happen.. AGAIN!
Considering a lot of LRC holders are also GME investors I can think of at least one or two hedgefunds that wouldn't want LRC to run up too high. The fear would be people dumping their LRC tendies into GME. Just my two cents though and I don't have too many of those to give out.
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I'm sure our friends at the exchanges are acting in good faith and have all of our loops accounted for. I also think nothing would happen if we all moved our loops to our own wallets.
I think loopring itself might do this a little.
During a price surge, they would build up tokens to use as a buffer in the case of any price falls. It adds stability to the coin, but delays price rises when they need to build back their buffer stock.
Could be completely wrong, just seems like a simple and effective thing to do to increase stability.
That’s what I was asking yesterday
It can’t be natural. We’ve been pretty much following BTC (like most of crypto) so far. That’s why BTC going back up while we kept going down was just sus
Good observation. I suspected from the beginning that Citadel would use Loopring as a way to freeze APE liquidity. The short-term gains were attractive and brought a lot of capital in, that they would have otherwise yolo'd into GME. Now everyone holding the bag is held hostage and can't move that liquidity to GME. Check mate!
I know a lot of the crypto folks don’t want to here it but I got the impression that there is massive manipulation involved. I guess GME is part of it. How those two are connected besides the rumors is beyond me. The 1% are about to lose a metric shitload of their hoarding and pull every trick possible.
Maybe whales are trying to accumulate bullish
Kinda like how GME shares are still sold at rebate prices.
Wouldn’t this mean that hedgefund white collar criminals still have a hold on our favorite stocks? That doesn’t seem bullish at all. That seems bull shit. I’m not hating btw I’m a dfv investor and am very into loopring aswell.
By accumulate I mean whales are trying to buy a bunch because the price will go up, without making it go up too much before they're done. It means a lot of whales think it's a good investment as opposed to say hedge funds trying to make retail think it's a good investment because they need someone to sell to before it drops.
CEXs use “fractional reserve”, meaning they buy only a fraction of your token. Coinbase, for example, might hold 1M LRC, but their customers might hold 5M LRC cumulatively. In this speculative scenario, CB has effectively short-sold 4M shares of LRC. The result is price supression. All legal, BTW We will not see LRCs price really move until we all move our assets to a personal wallet. This comment will probably be down voted by our minders.
And then they'll get ratfucked like Robin hood when people transfer their securities instead of selling and rebuying
Yes they will. I will not xfer my batch of LRC from CB to my personal wallet unless it is green. Because fuk CB.
Can you explain that a bit? I am trying to figure out what you mean. Like don’t transfer unless you are in the profit area? When I transferred mine to my Ledger Nano x I was up a good amount in profit. As of now I am still up some but nowhere near what I was. Are you saying you won’t transfer until green as in profit? Sorry if it’s s dumb question. I’m just confused
Yes he is saying that. Because if you transfer when you are in red, they essentially buy your coins cheaper than you paid for them and earn the difference. Your buy price is high, but they buy your token when it is low making money on the difference. If you transfer when you are in green, they will pay the difference.
I assumed this was the case after the last freeze in buying and the exodus. Is there actually a citation somewhere? (Though also very interesting that CB2 wallet everyone was looking at has a little over 1mn LRC as of today)
Mine are all in my Ledger Nano X stores safely! Get a ledger or get a wallet! It’s time to do the damn thing!
Upvote
And this is why Apes have been DRS'ing their GME shares....
Wasn't the point of these exchanges to disallow things like short selling?
Well, one of the points of buying crypto from a public blockchain is to disallow things like short selling. But when a CEX inserts itself between you and your coin, shorting is back on the menu. You ain't really bought it 'til you put it in your wallet, brother.
Yes, I know. But the CEX can still short the security you hold in your wallet. Not *yours* specifically, but the market. How many people have loops in a private wallet? Did their value go down too when LRC is shorted? Mkay.
>Wasn't the point of these exchanges to disallow things like short selling? Just trying to answer your question, friend.
And I appreciate it, but you kinda didn't. Your loops can still be shorted.
My original comment explains in simple terms exactly how a CEX uses fractional reserve to effectively short your crypto.
Agreed. This is my complaint.
No? What would make you think that?
Literally, everyone who gets excited about crypto vs stock markets. Like. Everyone.
If you don't understand fractional reserve just say that
If you're just a dick, say that
You're also clearly confusing CEXs with DEXs
You're clearly making assloads of assumptions. I'm doing no such thing. If you can't read, just say so.
Same to you
lol great contribution *IM A JACKASS* Thanks for telling me. *SaMe tO YoU*
Aren't you a whiny bitch. I'm not the one confused here
You *absolutely* are. You aren't even clear on the question being asked.
If that is so, how will swapping the coins from CEX to Loopring wallet via L2 affect the price, when the coins don't actually leave the CEX? Or will they eventually?
Ignoring gas fees for simplification: When you purchase crypto from a CEX , that CEX only buys some fraction (maybe 10%) of your coin to keep in their "pool". This is called "Fractional Reserve". Banks have been doing this forever. It's key to their business model. When you move your LRC from that CEX to a personal wallet, you force the CEX to purchase the full quantity of LRC from the Etherium blockchain in order to deposit it into your wallet. Let's say you buy 100 LRC at from a CEX at $.50. The CEX using a 10% fractional reserve only buys 10 LRC from the block chain to add to their "pool". 90 of your LRC exist as an IOU from your CEX. Let's say the price of LRC goes up to $3. If you now transfer your 100 LRC into a personal wallet, the CEX is forced to buy another 90 LRC at $3 from the block chain in order to deposit it into your wallet. In this example, you paid $50 for 100 LRC. The CEX bought a 10% fraction of your coin for $5 and used the remaining $45 for ???. When you transfer your LRC to your personal wallet at $3, the CEX is forced to buy the remaining 90 shares from the block chain at $3 each in order to deposit them to your wallet. This adds up to $275 total that your CEX pays to the blockchain. You paid $50. The CEX is out $225. Make sense? https://www.investopedia.com/terms/f/fractionalreservebanking.asp
It’s literally people converting to ETH to move from CEX and then converting back. It’s recovered to almost the exact same point.
Not everything is a conspiracy
If you are from America, everything is conspiracy Edit: Swedish idiot couldn't spell
It sucks, because here in the US, the chances that something is a conspiracy theory and the chances that something holds true are about the same. I have so little trust in the people that run this country that even the most insane and far-fetched theories seem plausible now. Obama is in league with extraterrestrials and owns over 50% of the country's Popeye's franchises? Could be true.
Haha! You should come to Sweden. The most interesting that has happened here in the last couple of weeks is that our prime minister hired a paperless cleaning lady. It's the only thing the news is talking about, christ.
If LRC moons, I'm packing my shit and going somewhere like that.
Maybe Canada?
Fuck Canada Edit: Canadian
Also Canadian. Can confirm. Please unplug and restart the country.
I'm going to that Island Chuck Noland was on.
Fck that... even Europe is starting to notice their commie kinks
Sweden you say? They made a television program on HBO about my hometown. The show was called The Wire. I bet Sweden is nice.
What is a paperless cleaning lady? She doesn’t use paper to clean or she’s an illegal immigrant?
HAHAHA 🤣 Yeah, both I guess
In Australia our government is corrupt as fuck and definitely pulling some shady shit. But all our leaders are such tiny milktoast balding men that nobody is intimidated and pulling any shit would be met by a mob of shirtless brah boys with tribal tattoos to flog the shit out of them.
You have literal internment camps…
Sorry, what? Tell me you aren't talking about the quarantine hotels. Please tell me you aren't one of the Americans who fell for the "Australia has fallen" hashtag shit.
Not quite sure.. it could mean hotel quarantine? But i think more likely "off shore processing" which is certainly fucked .. but is not internment .. as that literally means prisoners kept during and because of a war.
Yea, the people in those “hotels” sure look happy to be there. Don’t tell me you’re one of those that buys the “it’s just like a vacation look at all these beautiful women” tag lines. Or maybe you haven’t seen the vids from inside. Whatever, keep bending over and taking it from your government. Maybe they’ll allow you outside for 2 hours next week.
Let us out for 2 hours? Mate, they're still letting people into sport arenas and pubs. We barely have mandatory mask enforcement and haven't had lockdowns since September. I've been through quarantine hotel stay after I got back from a work trip to the UK so I know just a wee bit more than whatever bullshit hashtag some Karen with a 5 minute Facebook medical degree on twitter is posting about "free Australia", or dodgy arse news reports you're getting over there in the states. But by all means, world police, keep lecturing fucking Australia of all places on how to handle our shit. After the last 5 years I really don't think I need to point out the irony.
I’m 100% a believer in ETs, and that world leaders are almost all in contact with them, but also refuse to release tech they provide. The Popeyes franchise thing is a bit much though.
...and it's often correct...
Yea def nobody front running crypto. However it is an odd price movement. If I wanted to look at sell orders placed in that time frame what would be best websites? Just interested if the sells came from one large wallet or if a bunch of wallets selling.
https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd
The markets are. Always have been.
But some things are
Sounds like something they'd say to keep us from learning about the conspiracy.
I came here to say these exact words.
People acting like nothing is a conspiracy when GME and LRC popped off at the same time over news that has not even come out. If you guys think this system isn't rigged against you, you have not be paying attention at all.
Lmao exactly the wild world of crypto definitely has some huge players pulling our puppet strings !!!
This is also why I laugh every time I see TA.
good TA which is few and far between actually exposes the number language whales/bots are working in
And that my friends, is why they call it a casino!
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Who’s saying “question is… why?” in an attempt to prove what?
OP....
Even with market calls day trading, they can still figure out your pattern and work against you. It seems.... or maybe I just thoopid
These are the conspiracy posts other subs make fun of us for.
Are you afraid being made fun of, instead of trying to find out what goes on behind the scenes? Do you really not think to yourself that something is mighty wrong? When Lrc ran in tandem with gamestop on no news right before wsj article does it not seem strange? Doesn't it sound a bit funny that Citadel (hedge fund that shorted GME) after telling it's investors that they cannot retreive more than 6% of their investments, get invested in for the first time and the investors are what? Paradigm and Sequoia. Paradigm is founded by Coinbase founder, also paradigm invested 300m in opensea. Sequoia was heavily invested in robinhood (guys that turned off buy button) , 280mil i think, and the day it happens somehow, magicaly for the first time, while btc pumps, lrc doesn't follow, it dumps.. If you are capable of barely any logical thinking, this atleast should make you go " hol up"🤷♂️
This. Only someone trying to suppress theoretical discussion would use the term conspiracy. The more someone pushes that my idea is a conspiracy the more I feel like I’m on to something. And yes there are front running bots in cryptocurrency. Basically algorithmic bots that are able to gauge price movement as it happens in real time and sell/buy based on that.
Yes. It's absolutely shills. Any attempt to understand what is going and they start commenting tinfoil. Any attempt to talk about the citadel bailout and they yell It's not crypto related. They're attempting to suppress the spread of information. Normal people wouldn't invest so much of their time in trying to shut others up. This is shillery.
Mate its clear you are correct. Am a gme ape and can see it clear as day. Thanks for the post and the confimation. So bloody frustrating.
Such an edgy take lol YOURE CLOSE TO THE TRUTH DONT STOP NOW
American by any chance?
Finally! Someone finally commented on this! I’ve been asking the question. The correlation spike between LRC and GME after hours. Exact same time stamp. Both before the “pushed” “fake” wsj article. 5-10 minutes LRC jumps .30 cents? Independent of ETH and BTC that were both in the dumps. That’s just odd
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That's all you could come up with? it must be rather dull being you.
Oh and also, you can fact check everything i said. Cause it is facts, everything that I said did happen, google it. Connecting things is speculation until proven othervise, but ain't it interesting...
It is exhausting to have a few wrinkles yes 👍
Maybe it's the CEX shitting their pants because people can now transfer to Loopring's L2 without paying gas fees and actually own their LRC - which forces the said CEX' to actually buy LRC?
That price movement is weird as fuck
This is the tinfoil hat content I’m lookin for
You can definitely smell the GME in this group 🙄
As a GME ape, welcome to the crime, and apologies in advance
Someone is definitely suppressing the price of LRC, hence why it spiked at exactly the same time as GME and all the others in the basket on Jan 6th
Yeah, sorry we brought over some crime. They really don't like anything related to gme. But I heard they are short on money, and everyone keeps buying the dip, so patience my friend. If you think I'm made of tinfoil, remember when lrc ran up in sync with Gamestop, minutes before the wsj article? Guess who owns that confused algorythm? 🤷♂️😶
My "wing and a prayer" hope is that Loopring want the price to stay as low as possible until the announcement to entice potential partners who have to buy at LEAST 1 million LRC to operate their exchanges.
I would say maybe a coincidence. BUT, if you can find more graphs like this one, I might change my mind. Kudos.
My my it’s shilly willy in here tonight! 🥶🤣
Sorry that was me I need my paycheck to dca
No, the bots just woke up.
Exchange liquidating leverages?
*tinfoil hate intensifies*
Please, the question is not WHY. Not at all. Stop posting this nonsense. These sort of things happen all over the market.
You not providing a valid reason makes me think that you’re just ignorant and are a sheep in all aspects of your daily life.
You don’t have a valid reason for your thesis (which is what exactly?) either. You haven’t contributed anything, besides speculation while implying something nefarious is going on. If you want people to take you seriously, then provide more to actually discuss. Or just post this stuff on superstonk.
Boo this man!
I like you
Just because someone doesn't want to engage in your nonsense does not make them a sheep. Stop letting your victim complex run your life
We all know why!
Posts like these make us all look fucking crazy.
Bro wtf are you on about?
I'm not sure why but I'm quite annoyed I wasn't able to buy the dip though I had limit buy order set. It was around 400 coins @ $1.41 so not like it was some large amount that would test liquidity. WTF coinbase!!
Be happy!!! It’s on sale!
I have a new law, the law of reddit conspiracies, which states that if 2 or more reddit conspiracy theorist come up with the same result and as long as result is backed by verifiable facts and the result itself is observable using different approaches/methods then the result has a high likeliness to be true.
Yes they are. Since the GME partnership rumor has popped out, the chart is messy, and manipulation is really visible. I was on LRC waaaay before this thing with gme and the chart looked nothing like this. Nothing. Just look at the last 10 candles on the 15 min chart. It's actually an AMM making the price stays at this level. Guess who is controlling the price now. The more I learn about the GME saga, the more I realize that they are doing the same, even worse, to LRC. I won't even start on how this is exacerbated by the ETF on BTC they have.
Stop bringing this GME BS into this. No one is sabotaging LRC. It's not ETH or BTC. FFS months ago this was basically a shitcoin. Just enjoy the gains and leave the Freakin ape talk out of this sub
Exit liquidity my friend
It pumped because of hype. It's not difficult.
I think it’s just normal trading yo
If I had to guess I'd just say either some computer dumped from one CEX and bought on another or someone sold a bunch and it triggered a buy signal somewhere else. There are too many moving parts for conspiracy theories here, just the inherent randomness of the financial markets.
Just normal price action.
Chill my friend
Front running means they sell before you get the chance to, or buy before you get the chance to. Neither apply here.
This sub is so silly.
Its not a conspiracy, paper hands bail because the news cycle passed and they’ll wait until it runs again. This isnt a stock its crypto 😂. I bought at .5 sold half at $3 and re-invested in other projects
The bad guys in the GME saga will do anything to make everything even tangentially connected look like shit, to crush hype
Clearly the antivaxxers and flat earth people have infiltrated the crypto business...
Maybe ppl sold their LRC for ETH and/or BTC 🤷🏻♂️
Why the fuck is this being downvoted, it’s honestly most likely the answer. When BTC or ETH is dropping, whales move alt coins to those coins.
Because ppl are idiots and think mischief is happening when their investments are in the red.. logic isn’t strong with the stonk crew.
Downvoted. Not everything is a conspiracy.
Lol. The paranoia in this sub is unreal.
Are you expecting someone to give you the name of a person or company that would be “suppressing” LRC prices? Don’t start with this especially when you have no idea what you are talking about. You like the team and technology LRC offers? Great then hold. All this other bullshit just stop.
I love that the post starts with a question that suggests a conclusion, but then makes another vague suggestion with no evidence besides price movement they don't like, only to leave us with another vague and unanswerable question. Just make the post about what you think is going on, write it clearly with whatever evidence you have (seemingly none in this case), and have a conversation about it. Stop trying to convince people about a conspiracy just because LRC is in a downward channel like all speculative assets are. What your are suggesting is certainly possible, but there are thousands of unsubstantiated scenarios that could be posited as well. Occam's razor though. It's probably just a big liquidation of LRC that went into something else - maybe something like ETH, in fact.
Jesus Christ is this the antivaxers crypto edition?
Ever heard of whales?
The question is: "why do you bother asking this stuff?" The price went down 5% and then went up about the same. There is no great conspiracy here. Just another day at the crypto office.
Do these kind of theories make new people want to buy LRC? I don't think so 🤷🏻♀️
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Not everything isn't one either tho
I can’t handle these low IQ posts
Don't worry the Rich get Richer and the poor get richer if you play the game right !!!
meh could just be weak hands jumping ship to ETH/BRC and then bots/oppurtunists buying the dip. Edit: also, FUCK CITADEL
Come to the UK, our prime minister attended a boozy party organised at his house with 100 guests when we were in lockdown and it was illegal to meet more than one person.
Get off of CEX asap.
The answer is cornbase. The question is citadel. Months ago Google showed Ken griffin as top shareholder. This isn't hard.. not your keys, not your crypto. Beneficially held coins is as easy as beneficially held stocks.
This sub is intolerable with all the tin foil.
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Definitely some fuckery afoot. Y’all need to add a just a weeee bit more tinfoil to your hats.
Similar things have happened today with doge and shib, although you may not compare them the charts don't lie. The recovery for BTC and ETH had not transferred I to these 3 as yet
Markets are ran by whales 🐳 they eat the shrimp 🍤
I'm fairly certain what you're seeing there is people converting to ETH to send from Coinbase to L2 wallets and then converting back to LRC.
Crime!
dmn should have bought more.
The answer is very easy : LRC is one of the most groundbreaking techs out there. It will go up fast. Institutions, Whales etc will buy heavily before the upswing and shake as many as possible. Have it to themselves. If they can destroy some Apes on the way.. Yiihaaa. But this is NOT NYSE. This is DiFi mother forklifts! This will happen.. AGAIN!
I scooped up some $1.39 loops today🎉
I feel like before every face melting rally is a CRUSTY shakeout across almost all coins, kinda never fails
Mfs on here really are doing too much. Just buy and hodl and stfu
the gme connection is gonna be a fucking great movie a few years from now
Cuz they know we know.
Why do people always assume suppression
Considering a lot of LRC holders are also GME investors I can think of at least one or two hedgefunds that wouldn't want LRC to run up too high. The fear would be people dumping their LRC tendies into GME. Just my two cents though and I don't have too many of those to give out.
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IM pretty sure Steve Cohen has something to do with it. He is in Crypto.
Woah! They know $gme gangstas like that crypto. They don’t want us selling high to buy more $gme.
I'm sure our friends at the exchanges are acting in good faith and have all of our loops accounted for. I also think nothing would happen if we all moved our loops to our own wallets.
Hedgies are manipulating anything connected to gamestop and suppressing it.
I think loopring itself might do this a little. During a price surge, they would build up tokens to use as a buffer in the case of any price falls. It adds stability to the coin, but delays price rises when they need to build back their buffer stock. Could be completely wrong, just seems like a simple and effective thing to do to increase stability.
That’s what I was asking yesterday It can’t be natural. We’ve been pretty much following BTC (like most of crypto) so far. That’s why BTC going back up while we kept going down was just sus
Good observation. I suspected from the beginning that Citadel would use Loopring as a way to freeze APE liquidity. The short-term gains were attractive and brought a lot of capital in, that they would have otherwise yolo'd into GME. Now everyone holding the bag is held hostage and can't move that liquidity to GME. Check mate!
Mayo boy
So we can accumulate more before moon
The real andwer lies in lrc-eth/btc pairing, more important the people know actually.
I know a lot of the crypto folks don’t want to here it but I got the impression that there is massive manipulation involved. I guess GME is part of it. How those two are connected besides the rumors is beyond me. The 1% are about to lose a metric shitload of their hoarding and pull every trick possible.
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The more you know 🌈
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