Question for the wise oldfags...What actually makes the whole market pump at once?Everyone always says "the whales" like they're some mysterious Illuminati entity controlling everything from a dark room, but that explanation has never really convinced me. Whales are still just people or institutions making individual trades.Obviously supply and demand is part of it. With Bitcoin, Ethereum and other major coins, it makes sense. News drops, hype starts, influencers start talking, people get greedy and money flows in.But then you look at some completely forgotten shitcoin that nobody has talked about in years, with barely any real interest or activity, and somehow it's pumping at almost the exact same time as the rest of the market.Who's actually buying that shit?I find it hard to believe thousands of people suddenly wake up on the same day and decide they're interested in the same random dead coins. It almost looks like large players are putting money into crypto as an asset class without really caring what each individual coin is.So what is actually happening behind the scenes? Is it market makers, trading bots, funds buying baskets of coins, liquidity moving between pairs, arbitrage, or something else?
>>62704948#10 Envelope
>>62704948Wash trading and p&d scams
>>62704983>>62704952>>62704948Sentiment
Interest rates. It's mysterious because it IS indeviduals or groups colluding in secrecy until their decision is made public.
>>62704948it's bots. the market picks up for whatever reason, trade bots detect a minor bump and funnel their owners' tether into that. that increase is detected by more bots which do the same. At some point a threshold for a bull market is triggered and bots start spreading the money around looking for whatever might significantly. it's all mob hysteria done at electronic speed. and the crashes are equally synchronized and spectacular
>>62704948>Who's buying?There's a couple of different people. >The exchangesThey're buying back what they sold at the top.>Michael SaylorHe buys a lot too>MumuHe's always buying.>BoboHis shorts are getting liquidated
>>62705043thisthe thing people miss is that the whole market does not need billions of fresh dollars going into every single coin for everything to pump together.Price is set at the margin. If some dead shitcoin has very little liquidity, you might only need a relatively small amount of buying to move its quoted price 10%. Its market cap could technically increase by millions even though nowhere near that amount of actual money entered the coin. Bitcoin is basically the benchmark for the entire crypto market. When BTC moves hard, traders and algorithms immediately change how much risk they are willing to take. Market makers adjust their quotes, bots buy or sell correlated coins, leveraged positions get opened or liquidated, and arbitrage keeps prices consistent between BTC, stablecoin pairs and different exchanges.So nobody needs to specifically think “holy shit, I need to buy this forgotten 2017 shitcoin.” The market already knows that this shitcoin normally trades at some relationship to the rest of crypto. Once BTC reprices the whole asset class, algorithms start repricing everything else around it.And because shitcoins usually have much thinner order books than Bitcoin, it takes very little actual money to make them move a lot. Then momentum bots and liquidations can amplify it even further. So it is less like some giant institution presses a button and injects money equally into every coin, and more like Bitcoin moves the reference price for crypto, then the entire network of market makers, bots, arbitrage and leverage propagates that move through thousands of interconnected markets.
>>62704948>why anything up eversomeone agreed to pay a higher price than some other asshole did 1 minute ago for cockringcoinreal question is why that bothers you so much since you clearly already know. you really give a shit about one of those 4 people's opinions about cock rings?
>>62704948Simple answer: When Bitcoin goes up, bots start into action.
>>62705043This>>62704948You might not realize this, op, but to gain an edge on their trading arbitrage, major financial firms have been doing automated not trading, fine tuning their algos year after year, since the 1970s. They're completely on autopilot now, and are joined by thousands (if not millions) of the exact same bots, running nearly identical pattern tracing, with some latency differences because of origin, and with highly variable magnitudes of impact based on their allowed spends. Small ripples become large cascades of price action, seemingly out of nowhere entirely due to the accelerating effects of these automations
>>62705082Oh shit you beat me to it while I was typing my reply lol
>>62705082>>62705097There is also this theory that, on a risk adjusted basis, shitcoins are not necessarily more profitable than Bitcoin. Most of them basically follow the same market direction as BTC, they are just much more volatile and explosive, so yeah, you can make 5x faster, but you can also get completely get liquidatedd just as fast. The problem is timing. Everyone remembers the guy who bought the bottom and sold the top, but most people do not time that shit perfectly. If you took 20 people trading shitcoins and averaged all their returns, including the guys who bought too late, sold too early, panic sold, or held all the way back down, I would not be surprised if the average return ended up somewhere close to just holding Bitcoin. Shitcoins give you a wider range of outcomes, not necessarily a better expected outcome
>>62704948The composite man.A representation of every trader making decisions in the market.
>>62705085Best reply ITT.
>>62705043>>62705082>>62705097these anons are correct. Bots.
>>62704948>ai generated text
>>62705082This guy knows. Theres also occasionally groups who accumulate dead shitcoins and then try to giga pump them to get exit liquidity from gamblers fomoing. I suspect this is what happened to ZEC since it got a sudden wave of inorganic influencer shilling
>>62704948jewsbuy/hold bitcoin then abandon this boardoccasionally come back to shill bitcoin then leave again
>>62705000"In their seminal 1977 paper, Rules Rather than Discretion, Kydland and Prescott identified the time inconsistency problem, demonstrating that policymakers often have incentives to deviate from optimal plans once private agents have formed expectations.">Nobel prize winners btw
FWIW, I started digging into the creators of shitcoins around the end of the 2020 bull run. With enough digging on ERC20 deployers you could see that they had multiple of these, some of them with absolutely no activity. The tokens would be created, bunches of money would flow in from around 100 accounts, then it would flow back out via the liquidity during the famous "rug pull".Now you probably got caught in a rug pull, and a lot of those tokens were legit scam artists doing their scammy scam. But a lot of them were also just fancy money laundering schemes. If you follow the liquidity tokens those would go back to uniswap, then trade back into accounts that would do the same thing on EVERY rug pull.It was money tumbling, and laundering, but completely automated. After 1000 shitcoins you could hide $1bil in assets and deploy them anywhere in the world. I figured the add on of "buy advertising on 4chan, bot the hell out of sentiment, and grab a few extra $$$" was just for the extra dollars that North Korea could make while funneling money to Russia or whoever the fuck it was.Anyway, it wasn't so complicated, but the 2020 bullrun made random ERC20 tokens popular, and we all got caught up in the mania. The same shit is still happening especially across bridges to cheaper networks than ETH, but it was never more than weebs stumbling into a mafia operation.Have a blessed day.
>>62704948Algo bots are responsible for 70-80% of volume in the stock market. More like 80-90% in crypto. There's hundreds of thousands of them, and they all function differerently. But as an example, when bot #1 notices that Bitcoin is pumping, it automatically tries to buy a lot of other altcoins before the other bots, because the person who programmed it knows that the rising tide lifts all boats. A lot of bots are trying to do the same thing, and thus you get a pump across the board
>>62705972But what do they decide to dump? Are they just funneling the new cash into the market at the pump signal?If nearly the whole market is running some sort of bot, what's your best strategy as a meat bag?
>>62704948your old shitcoin is mostly paired in BTC. That means, say BTC increase 10% in one day, your shitcoin is still worth the same amount of BTC, and then... increase 10% in one day as well. In 2026, an important part of the market is still paired in BTC, although less than years ago when everything was mostly paired in BTC. I had a typical ERC20 shitcoin with low trading volume that was mostly paired in ETH on uniswap. I didn't understand it's moves. Then i checked ETH moves. And this shitcoin moved almost exactly like ETH moved. There is an other explanation, that goes along, and that is trading bots, and investment funds that coordinate their investment. Last august 2026 BTC pump was obviously coordinated by major funds. It wasn't organic. They did it earlier than expected to reinvest in the bottom before the plebs.
