>bitcoin has always crashed before hitting new highs>this time crypto holders are panicking and killing themselvesWhat’s different this time?
Don't they realize its gonna go back up in four months?
he owed money to gangsters or was just a emo faggot. who the fuck who already owns a lambo kill themselves over a gay little 10% dip?
>>518730151I'll give ya tree fiddy for the haunted lambo
Why would you kill yourself over losing money? You can make more again. Its not like permanently losing a limb
>>518730383He likely went in on leverage or something equally retarded, resulting in 100% losses.
>>518730151Future trading
>>518730151>What’s different this time?cross leverage kills
>>518730151it didn't even drop that much! how in the world are these fucking millionaires killing themselves?
>>518730477>Why would you kill yourself over losing money?he lost *other peoples money*, tens of millions of it
>>518730151Wow imagine being such a pussy that you can't handle being poor. I was homeless and still got laid. All you need is abs and shoulders.
>>518730151He likely was spending the funds on their gay war. You don't get to spend the funds like that.
>>518730151Is crypto money real? I know you will say money isn't real but can you actually buy something with just crypto? It seems like everyone making money off crypt was already independently wealthy
>>518730151https://www.youtube.com/watch?v=Bxauqa7rJgI&t=46s
Crypto volatility is a mental health trap. Once you get a certain amount of money and stability you realise you dont need much else yet are hooked to the boom bust. Even if you do "make it" youll end up remortgaging your house to flip the next big bag. Its Satan's Casino. Get out whilst you can.
>>518730839No its not. If you have 100k imaginary money in volatile crypto it will dip if other people sell therefore you never had 100k in real money...its a timeshare in wealth...a pile of cash on a poker table with everyone saying "thats mine."
>>518730151>this time crypto holders are panicking and killing themselvesnewfag
>>518730919It’s a blessing from God.
>>518730151I went to /biz/, kek, why are they always so retarded? pink board at least 2 times a year.
This narrative is made up.Trump admin is using crypto to generate the funds to do a lot of what they're doing. His opponents want to discredit its legitimacy to keep him from doing it.
>>518730151>>518730580These people were over-leveraging themselves (meaning taking out loans to invest in crypto)>I have $1000, I take out a $90,000 loan from the broker. Now I have $91,000 of bitcoin. I am leveraged 90x what I actually have.And also using that money in futures trading (meaning, "I am contractually obligated to buy/sell this money by X date or Y condition")>The market dumps -1%, the broker margin calls and liquidates the investment so they don't lose the money they loaned, I now have $0>The market dumps -30%, not only do I get margin called but the margin call wasn't fast enough and the broker lost money, I now owe the broker $30,000So volatility in the market of 3-5% can completely wipe out everything you have, and the market just dumped ~20% for the big cryptocoins and 50-90% for the small cryptocoins.Guys like this were overleveraged 100-500x and a big dump all at once liquidated their positions, putting them tens of thousands to millions of dollars in debt to their brokers instantly.This is why you don't leverage yourself to buy futures of risky assets if you don't know what the fuck you're doing. You *can* potentially make serious profit (for example, a +10% increase on $91,000 = $100,100 = $9,100 profit, rather than $91 profit from your actual $1000 investment if you just bought without leverage.But the stipulations and requirements around it - like having to buy or sell by x day because you're long or short, and your broker needing you to pay interest on your loans, and the inherent risks if things dump, make it much less cut and dry. It's the kind of thing you more sensibly leverage at like... 2x, and only with <5% of your overall portfolio. Not all your money at 100x lmao
>>518730151>ukie>influencer>in the crypto space >self-terminates Nothing of value was lost
>dood my digital meme coin is a real asset I promise
>>518730151nothing's different, this shit happens every time it takes a sizeable dip. >>518730383He was probably gambling with debt and got caught out massovely over leveraged with his pants down, or was laundering for people who would torture him for losing too much of their money.
>>518734705it's about as real as dollars, and traded by the same people.
>>5187301511. The crash was very sudden and large (large for a one-day crash I mean, whether it will continue I have no idea), which may have liquidated a bunch of these people if they were leveraged. If they owe money to gangsters or some such there may be no way out for them.2. The fact that the entire crash was seemingly caused by orange man manipulating the market is somewhat bearish.
>>518730151>WAAAAAAA, I HAVE A LAMBO!>ACK!Good riddance, faggot.
>>518730151He was murdered for his bitcoin
>>518730462Leverage retard, probably went into the hole for a million plus
>>518735047this time the fed is printing money and they're going to be forced to buy more and more of it to keep the market going. eventually they're going to run out of buyers
>>518730151Well it's gone back up 5% today so I'm guessing the guy was just a dumbass and he had a whole shitload of longs that were liquidated by market manipulation. So... don't gamble, kids.
>>518730151Where is his Lamborghini? Can you circle it?
>>518730151I don't understand it either. Don't these guys remember when Bitcoin crashed from 25K to 2K from late 2017 to 2018? This crash is nothing compared to that.
>>518736380Yeah leverage is a dangerous power to wield. only gamble what money you are willing to risk and if you lose it or can't hodl until the next big rise or can't handle if it turns out to be a bag you're holding then yeah sucks to suck. becoming suddenly rich reminds me of those lottery winners, it's good but then I imagine all the people I don't know or know about in life demanding money. being rich seems like a curse.
>>518730839As an experiment in psychology, it’s been a remarkably “real” success at capitalizing on the human desire for certainty and security when it comes to their wealth. It manufactured, out of thin air, the digital version of an independent and impenetrable bank vault (which IS real, e.g. the blockchain) and then needed to fill it with “something.” That’s where the psychology came in. If we manufactured scarcity with some sort of intentionally limited digital “thing,” would people value the certainty, security, and independence of the “bank vault” (blockchain) enough to use real dollars to buy these fake digital “things” simply so they could “store” them in the vault? The answer was yes. Enough people hated the modern traditional banking system soooo much that they were actually willing to sink real dollars into fictitious digital “things” simply because those fictitious digital “things” would be secure, certain, independent, and not subject to the fiat whims of a council.As an investment vehicle whose value is tied directly to American dollars, it’s been a “real” success to the extent those group psychology dynamics continue. Rising tide lifts all boats and such. It’s fairly entrenched now, so it’ll likely be able to weather various downturns and bad PR (like SBF). But my guess is that “new” investors are dwindling. Everybody who’s going to get in is already in. The craze is over, simply based on search trends and interest. As an actual real “currency” that you can use and buy things with, it’s always been lol. Lmao, even. It was never going to be that, though.
>>518730151Here in my garage, just bought this new Lamborghini here. It’s fun to drive up here in the Hollywood hills. But you know what I like more than materialistic things? Knowledge. In fact, I’m a lot more proud of these seven new bookshelves that I had to get installed to hold two thousand new books that I bought. It’s like the billionaire Warren Buffett says, “the more you learn, the more you earn.”
>>518737353kek
>>518730677This reminds me of those guys without a lower body who are really good at skateboarding. The tragedy is that they have great abs and shoulders but ultimately don’t get laid
>>518730151I heard about him being responsible for brokers funding a Ukranian military affiliate. Further: retardation
>>518730484Everyone knows that 'leverage' is risky, and that you should only use a limited pool of your capital on that kind of speculation. I doubt that anyone with real money is 'losing' it all on fucking LEVERAGED trades. That would be retarded.
>>518730151cause they are dumb leverage traders - basically gamblers - so they lose everything plus borrowed funds, its irrecoverable
>>518737705thanks, I didn't think that this 10 year old meme would resonate with anyone under the age of 30
>>518730151>handled money for power people>they want their money back>can't pay>suicide>in his Lamborghini>using a gifted gun>suicidedyrbi?
>>518738676i am close to 30 :(
>>518730383They're leveraged to the tits, the dip instantly bankrupted them. Invest in whatever stupid shit you want, but leave margin alone.
>>518730151What's different is globohomo wants to crash private crypto along with all fiat currency to replace it with globohomo coins owned only buy the government and kosher tech corpos.
>>518739118>Posts my chink concubine Based and no, I'm not retarded enough to believe.
>>518730919The second you get lucky enough to do a 1000x and can afford to buy a 2024 Lambo all you can think about is getting the next 1000x for the 2026 Lambo. Inevitably you start fucking with margin and then you're one red wick away from a margin call and insolvency.>But I'm different! I won't get greedy!If you ever make that much money doing nothing money ceases to be a thing you even think you can lose until it's gone. You'll always stay greedy.
suicide >_>
>>518730151kek. paper hands get the rope
>>518730151
>>518733740They're retarded, simple as. You leverage futures as a pleb in intraday trading only, never overnight, like these niggers. Only if you're a big boy with access to big boy toys in wallstreet do you even conceptualise the idea of overnight leveraged futures (which doesn't apply to crypto, mega retards for overnight leveraged futures there).
