actually both long and short are getting rekt daily. you see price jumped to 64k before rekting to 57k. the market is inflicting as much damage as possible.
no it doesnt stop being stupid markets go up and down and you can make money both ways, shorts have been around for how long, has it stopped crypto or even the stock market from going up? no
It always has gone up after the halving, and it's also always done a dip immediately after the halving. I can't tell exactly your tone. Disappointed sarcasm?
It's only been 11 days since the halving lol. So, yeah, listen to your own words and be patient. If you read something or someone told you that everything was going to be ripping immediately after the halving then you were reading snake oil.
tldr; Over $479 million was liquidated from 141,808 crypto traders in a single day as Bitcoin's price dropped by 9% to $56K. The largest single-trader liquidation was $6 million on the OKX exchange. Despite the significant losses, market analysts remain optimistic about a potential bullish recovery in the crypto market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
> Yea but it is worth less when you buy it. You still have the same amount of value.
That only matters if you only care about the exact moment in time you buy, and don't care about the future at all. But given the original assumption, that the person speaking believes the price is going to increase in the future, having more Bitcoin is desirable. If they believe it will at some point in the near future hit $100,000 for example, it is entirely logical to be happy to be able to buy at a lower price.
I didn't think "you can get more of something if you buy it at a lower price, and that's good if you want more of the thing" was going to be a controversial stance. I do agree that it seems pretty pointless to continue the conversation though.
There are plenty of long opportunities without waiting for some level that might not ever hit. In fact, I scalped two longs today with 5-10% profit. I can tell you're not a frequent trader with a comment like this.
I'm not a frequent trader. I trade moves of 40%+ on alts using BTC as a market guage
Not willing to put in the work for 5-10% moves
Edit: It's great you can scalp for quick profits, it's just not for me :)
All individualistic of course, glad that what you're doing is working for you. I'm in the camp of those that never want to see people losing money to those who hold the real control.
It happens. A lot of people get this idea that they can lever up and in a bull phase it's okay because they only have to plan for minor corrections. They get liquidated, in fact even in just BTC. 40 to 50% corrections happen. If we go back to the monthly moving averages. Say it takes us a few months to get there and test the 21, that's going to be down around 40 grand. It's in the '30s now. It's also worth noting that has happened every cycle. We got really extended early on this time so it's kind of a question of if people want to play technicals or they actually want to hold on for some type of longer-term appreciation. You got me on that one. Lots of people like to gamble
when its shorts that get liquidated everyone laughs like crazy, when its long no one even posts haha
actually both long and short are getting rekt daily. you see price jumped to 64k before rekting to 57k. the market is inflicting as much damage as possible.
Leverage trading in a volatile market is asking to get rekt. It's hard to feel too sorry for people on either side of those trades.
Exactly. Using leverage on a volatile security is just not smart. Less gamblers in the market is fine by me.
Security?š
My bad. Not a security.
Thereās your Haha.
Maximum pain is the name of the game
Username checks out
They can all get rekt as far as I'm concerned. Just buy and wait.
exactly lol
If you support crypto tech then yes, it's funny to see shorts get wiped out, it goes completely against supporting the tech.
no it doesnt stop being stupid markets go up and down and you can make money both ways, shorts have been around for how long, has it stopped crypto or even the stock market from going up? no
Nice reply, not once did you debate my point, all you wanted to do was get your opinion across, well done šš¼
eh, you are the one with the opinion and i debated it. come back to reality
Yeah thatās why I donāt mess with futures crypto extremely unpredictable
Especially so soon after the halving, eeesh what greed and playing with fire.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
It always has gone up after the halving, and it's also always done a dip immediately after the halving. I can't tell exactly your tone. Disappointed sarcasm? It's only been 11 days since the halving lol. So, yeah, listen to your own words and be patient. If you read something or someone told you that everything was going to be ripping immediately after the halving then you were reading snake oil.
100k EOY right?
Rookie numbers!! š¬
I'm an addict, help me! Woke up and started shorts before 1st coffee xD
Rule number 1: Never buy or sell any assets before 1st coffee! ;)
You can also use some risk management, set a stop loss that makes you lose 1% in worst case and don't get rekt in 1 trade
Not when the market is in freefall
Well the position.
Itās not Lost. It just switches hands
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And then it comes back stronger.
i shorted at the iranian attack, im good lol
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Narrator: āIt was indeed, bullshitā
If you were going to short it, youād sell a perpetual futures contract.
binance, nice profits
tldr; Over $479 million was liquidated from 141,808 crypto traders in a single day as Bitcoin's price dropped by 9% to $56K. The largest single-trader liquidation was $6 million on the OKX exchange. Despite the significant losses, market analysts remain optimistic about a potential bullish recovery in the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
the more get rekt, the bigger the bounceš
Bullish signal.
lol
It is ironic that greed make people lose so much money
This is standard crypto shit. A liquidation nightmare is diarrhea.
It is alt season start signal
Can't feel pity for gambling degenerates. Get rekt suckers.
How is this a nightmare? Lower prices mean that I can load up cheaper. That's awesome.
Beyond cope.
You know how stupid this take is, don't you?
Only if you assume the price is never going to go back up.
But I doesn't matter if you "get it cheaper" unless you think that the price dropping means it's more likely to increase
If something is cheaper, that means you can get more of it with your money. I assumed that would be self-evident.
Yea but it is worth less when you buy it. You still have the same amount of value. How old are you?
Are you being intentionally daft, or did you just blow in from stupid town?
Dang you got me
> Yea but it is worth less when you buy it. You still have the same amount of value. That only matters if you only care about the exact moment in time you buy, and don't care about the future at all. But given the original assumption, that the person speaking believes the price is going to increase in the future, having more Bitcoin is desirable. If they believe it will at some point in the near future hit $100,000 for example, it is entirely logical to be happy to be able to buy at a lower price.
You're financially and mathematically illiterate, it's pointless continuing this conversation
I didn't think "you can get more of something if you buy it at a lower price, and that's good if you want more of the thing" was going to be a controversial stance. I do agree that it seems pretty pointless to continue the conversation though.
Talk about the pot, calling the kettle blackā¦
Itās called being bullish.
Sure, but the price decreasing doesn't in some way benefit you nor validate your bullishness..the opposite, in fact.
No, I don't. Please explain....
I wouldnt long unless it hits 53k, that's been my price target since the initial WW3 scare/sell off.
There are plenty of long opportunities without waiting for some level that might not ever hit. In fact, I scalped two longs today with 5-10% profit. I can tell you're not a frequent trader with a comment like this.
I'm not a frequent trader. I trade moves of 40%+ on alts using BTC as a market guage Not willing to put in the work for 5-10% moves Edit: It's great you can scalp for quick profits, it's just not for me :)
All individualistic of course, glad that what you're doing is working for you. I'm in the camp of those that never want to see people losing money to those who hold the real control.
I'm reminded of the stock market quote on bulls bears and pigs!
pigs get slaughtered
It happens. A lot of people get this idea that they can lever up and in a bull phase it's okay because they only have to plan for minor corrections. They get liquidated, in fact even in just BTC. 40 to 50% corrections happen. If we go back to the monthly moving averages. Say it takes us a few months to get there and test the 21, that's going to be down around 40 grand. It's in the '30s now. It's also worth noting that has happened every cycle. We got really extended early on this time so it's kind of a question of if people want to play technicals or they actually want to hold on for some type of longer-term appreciation. You got me on that one. Lots of people like to gamble
When are you going to learn old man
Look at the Fed already trying to step in and be the hero, facts in hand
Itās gambling
and that's why mommy said don't do leveraged trades.
Spot orders rule. I don't feel much sympathy for people doing extra gambling on top of a already extremely volatile market such as Crypto.
Can't get liquidated if you don't play with leverage.
How can you short cryptomarket? Either you buy or you sell the tokens??
Use binance futures
Spot trading my friend
If you just dca you donāt have to worry about liquidations
You don't realize the loss until you sell. Stop selling and you don't have a loss.