Crypto-trading thread

1,133,378 Views | 11089 Replies | Last: 3 min ago by jamey
flashplayer
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Yukon Cornelius said:

BTC is same price it was 12 days ago. No one should be too worried.


Exactly this. This trade war can get worse and we might see 5 digit prices again but BTC isn't tanking enough to ruin anyone here anytime soon outside of a WWIII scenario in which we won't give a damn what the price of BTC is anyway.
Heineken-Ashi
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@NFLPlayerProps said:

Been preaching the same message for a while and it has nothing to do with you.



Dead on. Sorry for taking it personal.
flashplayer
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Heineken-Ashi said:

Yukon Cornelius said:

BTC is same price it was 12 days ago. No one should be too worried.

Not just that.. it's actually formed a setup if it can hold one of the red levels (and said level would become a very low risk stop on a new trade with target $140k)




Glad to see we have the same upside projections using different methods.
Yukon Cornelius
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Very nice
Heineken-Ashi
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flashplayer said:

Heineken-Ashi said:

Yukon Cornelius said:

BTC is same price it was 12 days ago. No one should be too worried.

Not just that.. it's actually formed a setup if it can hold one of the red levels (and said level would become a very low risk stop on a new trade with target $140k)




Glad to see we have the same upside projections using different methods.

Stop is important though. I still have support in the $90k range. So failing to hold this setup will have me on the sidelines. If it still takes off, I'll play IBIT options on short term moves.
Yukon Cornelius
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Fidelity and blackrock and a couple others have launched MM funds onchain. These aren't for retail. And they're on ethereum. The reason is for settlement time, like he hypothesized before. Onchain adoption won't revolve around retail but settlement time behind the scenes.
jamey
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Does that mean no more waiting a day to get settled funds, once it comes to retail
Yukon Cornelius
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I would think so
jamey
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Thats legitimately useful and not just to prevent wait time but it would increase liquidity in the markets. I usually know what im buying next when I sell something but I gotta wait a day and hope what I'm buying doesnt go up


And applying the same thing to banking in general.

More money doing work at any given time because none is trapped in settlement
AnyOtherName
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Saw ~1.6 million people liquidated and $19b gone. Check on your friends
Yukon Cornelius
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That doesn't seem right. You have a link to whoever is saying that?
TxAG#2011
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AnyOtherName said:

Saw ~1.6 million people liquidated and $19b gone. Check on your friends

A bunch of tourists on leverage getting wiped. I'm glad
jamey
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Thunderstruck xx
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Cliffs notes on why it happened?
TTUArmy
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Kind of a black swan event in crypto...
jamey
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Thunderstruck xx said:

Cliffs notes on why it happened?



Leverage then panic

I listen to one guy that regularly uses 100x leaverage
Heineken-Ashi
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It's clear there's a liquidity machine that provides a lot of the ongoing bid. Yesterday saw that machine overwhelmed with selling pressure. Once the last bid was taken out, you saw clearly in most alt coins that there really is no demand. They fell to almost nothing. Stops that were in place all triggered and exasperated the decline. It wasn't until the shorts bought back that it ended.

Moral of the story.. and yes that included BTC and ETH, is that there really isnt the demand you think there is. A move like that only happens when there is no bid.

This will happen in the stock market one day too. March/April will seem tame in comparison.

If using leverage, keep to short-term with tight stops. But honestly.. I wouldn't use leverage after yesterday. That was a warning shot.
jamey
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I don't know, if people stop buying ****coins that seems like a good thing for useful crypto

TxAG#2011
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This is just not true at all, and these events have happened once or twice a year for the past 10 years.

We'll move on higher, as usual. Yea a bunch of ****coins will fall off but that is also the usual.
jamey
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Yukon Cornelius
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Dang. BTC can break 125k with that much leveraged longs? Or maybe most of that was in Alts. This could be bullish for btc/eth
Yukon Cornelius
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Yukon Cornelius said:

Zcash (ZEC) I bought


Only coin pumping. It's an interesting one no doibt
@NFLPlayerProps
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TTUArmy said:

Kind of a black swan event in crypto...


I have held BTC through $20k to $3k and $69k to $16k. Yesterday was a popcorn fart. Tough on "crypto" for sure but a speed bump for BTC.
Brian Earl Spilner
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MaroonStain
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Brian Earl Spilner said:




Likely self inflicted in multiple ways OR "clients" caught up with him
jamey
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Saw a post that his parents said he was having money problems last week and there was a note they said sounded like a goodbye
texsn95
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I know I can google it, but can someone explain the whole leveraged thing?
MaroonStain
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texsn95 said:

I know I can google it, but can someone explain the whole leveraged thing?


Borrowing money from the house to make plays in the market.
TTUArmy
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This YT video was released a day before the big sink.

jamey
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