They just weren’t cut out for this bull run. Simple as.It didn’t even drop enough for me to DCA more.Sorry everyone who was larping as future billionaires.
>>61087861I've been in crypto too long I guess. Barely even registered as a dump. Haven't these broccoli haired zoomer faggots ever held through a 40% dip before?Buckle in boys.
I do hope a lot of the suicide posts on X are fake.
>>61087861I'm pretty the sure the people killing themselves either used leverage and/or were all-in on some alt shitcoin, resulting in total wipeouts. They fucking deserve it.
>>61087871No, there were far too many FaZe house fagit lambo traders flipping bullshit tokens on leverage.>>61087874$19.5 billion is no fucking joke lmao.
>>61087861It was people who leverage alts. I did it also but only a tiny amount while waiting for BTC to drop so I could close them and swap to BTC long without leverage. Safe to say, I lost a years work because it reached 2018 prices on PEPE but I'm a poor fag so my loss wasn't as bad as some people here.. the lesson to stick wit btc and just be patient than try fuck with memes even temporary might be worth the loss
I had like $450 before i swapped it for tether gold and now its like $330The fuck hell it started out being like $600 something
>>61087861>>61087871>>61087872>>61087874>>61087953NOBODY CARES ABOUT BTC RETARDSMY ALTS ARE DOWN 30% 50% OR EVEN 70%
>>61088185heemed
>>61087861>10%BTC was down 7.5% at the worst.Lots of anons holding shitcoins, how many times must they be warned???
>>61087953Should we blame Aster for it? I tried to use that DEX but it didn't accept bitcoin, only dollars, so I would imagine bitcoin holders doing leverage with tethers there and covering the losses by selling their bitcoin.
>>61087861Top 10 coins went -60% to 90% for short moments, almost everyone was wiped out that had longed an alt
>>61087861It's people getting liquidated on altcoin longs
>>61088185>30% 50% OR EVEN 70%The fuck are you people even trading? When I look at Coingecko's top 100 then the worst of the worst got a 20% to 30% drop of the last 24h. That's a hefty dump for sure, but not really unusual in crypto. Are you guys levered up to the hilt?
>>61088185Are ya winning, son?
>>61088185why are you in alts if eth didn't finish its run yet?
>>61088185>NOBODY CARES ABOUT BTC I'M LOSING MORE MONEY THAN YOU
I feel ya bro. Price didn't even hit my 3rd fibonacci ATR ladder rung down on some coins.
>>61088292FOMO
>>61088185weird flex but ok
>>61087861Why are cryptokiddies so mentally weak? Is it because they are ignorant and believe line only goes up? The stock market dropped 23% in 4 hours back in 1987 and nobody offed themselves, but back gthen men were men and there was still institutional memory of the 90% crash in 1929.
A capitulation event with Bitcoin trading at $112k is so insanely fucking bullish. But all the altcoin holders who got demolished obviously have a bearish bias
>>61088185>I FUCKED AROUND WHY AM I SUDDENLY FINDING OUTYou did this to yourself.
>>61088389Not that I’m defending hypergambling, but anyone who had any longs open got liquidated instantly. Whatever amount they had, it’s all gone. Within seconds.
>>610878721.6 million traders got liquidated for a total of $20 billion yesterday, so a lot of them are probably genuine. A lot of people had 2-3x leverage on cross-margin without stoplosses and got their whole accounts wiped out
>>61088389>23% in 4 hoursYou're the weak one. 23% is a nothingburger in crypto, but you still talk about it almost 40 years later when it comes to stocks. A ton of altcoins crashed 70-80% within 5-10 minutes yesterday
i saw the price going down from 122K to 108K during my night walk and i could not care lessi have an hourly DCA into Bitcoin and i did the math just few days before counting if i would sell my 0.7 BTC at 200K and it was still poorfag tier FIAT stacki guess it's just a chance to accumulate more before the last leg up, leverage normies are so fucking dumbno crying in the casino btw
>>61088411It was their choice to lose everything. They knew the risk, they rolled the dice, they get to face the consequences. If they're smart, it will be a good learning experience for them.>>61088435Congratulations. You are now aware of the concept of "risk premium". You now get to find out the consequences of those risk premiums. Enjoy the ride.
>>61087871It was leverage. Retard. Wake up. Everyone was leveraged to the tits because we are sick of this boring ass fucking market
>>61088454Goalpost: moved.Stay retarded
>>61087861Buy gold, silver, and platinum.Your video game money will go to 0, just like 100% of all private currencies throughout history. Only gold and silver have ever survived.
>>61088457>Everyone was leveraged to the titsNo, not everyone. Only the greedy retards who thought the line could only ever go up. Sorry not sorry your little peepee got swatted by utterly normal market fluctuation.
>>61088454It totally was their choice, but let’s not pretend this was a single day crash of 25 percent, or something from the Great Depression where stocks lost 90 percent of their value over several years. Everything was lost in about five minutes or so.
>>61088454yes we learned that there's a criminal cartel working in unisono with Trump to liquidate everyone, also those who had stop losses and very low leverage. There are hyperliquid accounts with 80M+ USDC transferred shortly before the announcement and opening huge shorts and then closing at the bottom where alts did a -90%. Stop acting like crime is okay
>>61088494>let’s not pretendNobody's pretending anything except the retards who thought the line would only ever go up. If you were invested in altcoins then you knowingly bought into increased volatility, hoping for faster and higher upsides while taking the risk of faster and lower downsides. If you were were using leverage in altcoins then you x10'd that volatility and risk. You take the risk, you take your chances, you take your lumps. No crying in the casino. Next time think a little harder about what that volatility and risk implies, beyond "imma get rich quick, bitch".
>>61088543>IT'S SOMEBODY ELSES FAULTIt was your choice, you dumb fuck.
>>61088389I don't even fucking know what to write, like everyone is supposed to know that crypto is volatile as fuck yet they get roped into thinking BubblegumCumButt which trades for 0.008 cents per coin is going to moon and never crash so they go in with their life savings on leverage... Jesus fucking Christ, these are the rational investors who facilitate price discovery through the free market?
>>61088185Yeah mine too, only I'm not a fucking retard so altcoins are a small fraction of my portfolio. DESU boys my XAUT gains have out done all my losses.Get fucked nerd.
So let me get this straight.. a lot of people were making a lot of money off of small price action because they were leveraged to the gills. That’s why we were tickling ATHs and just chilling in range. Now they have no money left. Now we’re poised for more large upside price action since those that would have printed millions are sidelined?
>>61088751There's a fine line between wiping out overleveraged retards and taking all their money while keeping bullish momentum, and spooking the entire market to the point where no one feels comfortable putting any more cash into crypto. We've crossed into the latter
>>61088782>We've crossed into the latterthanks for the bottom signal
>>61088782I don’t think BlackRock is spooked out of crypto over this. I’d put another $30k into BTC if it went under $100k but I don’t need to at $112k. We’ll see just how spooked the entire market is in the coming week or two I suppose.
>>61088815Good luck nigger, I hope to see you here in 24 and 48 hours so I can read your retarded excuse for not pulling out when you had ample time to do so
>>61088549I mean, I’m all in on bitcoin. I’m down seven percent. But what I’m saying is that this was a really unique event. But yeah, crazy to see screencaps of people that were wagering their entire NW on shitcoins.
>>61087872>>61088421Yikesaroony
>>61089582>only invest what you can afford to lose
>>61089699this post is for entertainment and educational purposes only and does not constitute financial advice AUGHNNAUGH
>>61089376>this was a really unique eventdigital coin markets don't have a long enough history to support that claim.
>>61089376>But what I’m saying is that this was a really unique eventexcept it wasn't, I personally remember buying the exact bottom of a -40% daily change candle on bitcoin on binance last cycle, I made +30% in less than 10 seconds
>>61088751The market cap that was wiped out will not magically return. Market makers and bots have lost money, not only margin traders.Bots sold 70-99% in a loss. The ones who managed to buy cheap are selling in profit, causing additional sell pressure.Market makers must compensate for this wipe out. The money that was extracted is leaving this space.
>>61088543this is how the big institutions that were late to the party due to regulations get in at an acceptable price pointeveryone laughed and thought blackrock was going to be their exit liquidity at the topin reality a lot of people just donated their coins for free to the big bois today and learned who the real predators are on the tableanyways all of this is very well deserved, if they didnt use retarded leverage this couldnt be possible, so this will continue until all of the leveraged retards are liquidated for good
>>61090111>The money that was extracted is leaving this spaceproof it, where are the tether burns
>>61088449Great mindset, nice stack, this anon is going to make it
>>61087861>friend just had baby>he’s been coping all year saying Q4 would finally be the time >mocked me earlier this year for saying trump was fucking up the economy >he will soon really need that money for the new baby >”bro just be patient. Q1 is lambo!”In no reality should 20 billion get liquidated off a tweet about tariffs, but because it’s trump and he throws them out in hefty, erratic ways, the market never knows what the fuck to do. The cold reality is xrp or any alt is going to do jack fucking shit until it becomes ones of trump focal points. Until then it’ll be xrp to 3.40 at least but another cratering back down to 2.20. >but much flipped switch Nothing will happen anytime soon. I hope I’m wrong because i had a modern 2k stack.
>>61091200*modest
>>61087861I was genuinely mad seeing all the faggots on x saying "dm me if you are thinking about suicide". What happened to gallows humor?
>>61090295The circulating Tether is not in the hands of the individuals who are interested in genuinely buying and holding your worthless internet money. It has all been extracted from retail.Nobody needs to burn Tether anymore, it can be used for many different purposes like staking, lending or buying these manipulated 70% crashes and dumping the next day at 100% profit to extract even more capital.
>>61091200>In no reality should 20 billion get liquidated off a tweet about tariffsCool, if you ever become King for a Day then you can mandate that. Until then, in the world we actually live in, 20 billion is a nothingburger and more money than that regularly gets created or liquidated off of a butterfly flapping its wings in Tokyo.
>>61091335you specifically said money is leaving the spacethe only objective metric we have to track that money is indeed leaving the space is tether burningso unless you can show exactly that you are talking opinions out of your own ass
>>61089582Nice, hope to see more of this. Every subhuman "crypto influencer" got rich by scamming and duping others, and then bragging about it. This is just the pendulum swinging in the other direction. I hope more faggots kts over this, its cathartic to watch.
