$9 Billion worth trades got liquidated in last 24 hours. - page 3.

michellee

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Quote from: stomachgrowls on May 27, 2021, 04:44:32 PM

Quote from: michellee on May 27, 2021, 07:30:02 AM

After seeing the bitcoin price jumps down a lot and losing some money in trading for a while, I stop trading for a while. I also stop using futures in Binance because it is hard to keep trading in that conditions. Now, I only watch the market moves but if I see the price is down deeper, I buy that coin for some amounts and hold it. I am trying to buy low and sell high and make a profit of 1% daily. It is not big, but I can do it many times to profit less than 1%, so the result is still good for me. That is a profit than nothing.

This on where people do really realized on whats the importance of stop-loss and even how deep you do set out your SL if the market tends to crash or correct -40% then for sure billions would be liquidated

and this is something thats new into this market.. Lots had been anticipating that the price couldnt go below more into those percentage without even realizing or looking up on the past on what
are the ranges in between possible volatility which it should really be always in consideration.

This might be talking about forex but this is actually helpful to be read on: https://forexop.com/trading/margin-calls-and-how-to-protect-yourself/

If people can realize about stop-loss, they will minimize the loss in trading. But most people, especially new people, do not know about that and make them losing after the trade for a while.

If people think that the price could not go below, they will regret it because after what happened to the market, they see that the price is down, even the price drops too deep than what they thought. If they can prepare before this happened, I think they will be okay and not panic and they will have the time to decide.

Yes, thank you for the article, that is a good article. But speaking about forex, I think that will be more risky than crypto, but I do not know for sure because I do not involve in forex before.

7788bitcoin

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Quote from: stomachgrowls on May 27, 2021, 04:44:32 PM

This on where people do really realized on whats the importance of stop-loss and even how deep you do set out your SL if the market tends to crash or correct -40% then for sure billions would be liquidated
and this is something thats new into this market.. Lots had been anticipating that the price couldnt go below more into those percentage without even realizing or looking up on the past on what
are the ranges in between possible volatility which it should really be always in consideration.

It is not that easy task to predict how deep the market would crash at a particular time period and putting a stop loss in this market is the riskiest option and i never tried that, i usually make sure that i wont be making any stupid decisions simply because the market is going down and for the past few weeks the market is really volatile and anyone placing any stop loss measures will liquidate your assets in the blink of an eye and then recover after a few hours and these are familiar situation anyone who are trading in the market for a long time would know and hence these are not big surprises.

stomachgrowls

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Quote from: michellee on May 27, 2021, 07:30:02 AM

After seeing the bitcoin price jumps down a lot and losing some money in trading for a while, I stop trading for a while. I also stop using futures in Binance because it is hard to keep trading in that conditions. Now, I only watch the market moves but if I see the price is down deeper, I buy that coin for some amounts and hold it. I am trying to buy low and sell high and make a profit of 1% daily. It is not big, but I can do it many times to profit less than 1%, so the result is still good for me. That is a profit than nothing.

This on where people do really realized on whats the importance of stop-loss and even how deep you do set out your SL if the market tends to crash or correct -40% then for sure billions would be liquidated

and this is something thats new into this market.. Lots had been anticipating that the price couldnt go below more into those percentage without even realizing or looking up on the past on what
are the ranges in between possible volatility which it should really be always in consideration.

This might be talking about forex but this is actually helpful to be read on: https://forexop.com/trading/margin-calls-and-how-to-protect-yourself/

teosanru

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Quote from: so98nn on May 27, 2021, 02:43:16 AM

It is not horrific story at all. It is the way it is mate! This is the game of money exchange in the process you loose or you make more money. It's the competition who buys at dip and sell at high and weak hands who buy it ATH.

This market won't survive if there is no such dips and ups. Obviously those 8 billion which were liquidated must be from the profits bookers, losers, panic sellers and what not.

If the orders were executed then it does mean someone was buying at that point too. That is how it works and that's what give liquidity to the market.

Yeah it's true what you are saying but I believe at the end of the day it was hard-earned money of many people and they might have been out of this devastating crash if they knew some very basic rules of the market. The Crypto market isn't very mature so far therefore such manipulations become even easier with most of the investors always being worried about bitcoin being a bubble. I think most of the buying was obviously by the whales had their orders at that point, you might say money just changed hands from dumb people to the big guns but this is what makes market even more painful for retail investors.

Quote from: cute nmp on May 27, 2021, 05:36:02 AM

This occurred mainly because of the recent btc dump as a result of Elon musk news that tesla will no longer accept bitcoin as a means of payment.Many people did not expect that to happen in the market hence the reason behind the liquidations.Dips like this happened from time to time so stop loss is important to avoid cases like this.

Do you mean to say that Bitcoin fell much more with the news of TESLA not accepting it than it had risen back when TEsla purchased it? Because as I remember when Tesla purchased it price bounced from almost $39k to $46 reaching a new all-time high immediately but the fall was of 20k points? Doesn't seems too realistic to me.

kram31

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Quote from: nelson4lov on May 19, 2021, 05:43:14 PM

Quote from: teosanru on May 19, 2021, 02:31:20 PM

~Snipped

That's right. Majority of the people who got rekt today are the leverage and futures traders because those on spot are just down between 40 - 50 %. On a 10x leverage, that's like 500% down and I know a lot of people who use 20x leverage which is too high, hence the large number of liquidations. Two of my orders got margin called and liquidated but these were just small amounts I put in after yesterday's dip to test the market if that was time to start buying the dip but I was wrong. Today's dump has so many lessons like:

taking profits from time to time
Having a better risk management plan that covers situations like this.
Not overleveraging.

So many winning trades turned to losing trades today.

Quote from: JooBra on May 19, 2021, 03:34:28 PM

A lot of people lost money. It is what it is we all know the risks when we go for margin trading. Shorting would have been a god option in last couple of days but that is kinda agains human nature.

That's the thing. As humans, we're always expecting prices to go up and not down. Majority of the trades I've met are long traders. It's only a small subset of them that open short positions but only on fewer occasions.

They got rekt because lack of knowledge in leveraging and some other tools that can affect our trading activity like margin and more something like that. And one more thing, we are in the trading business where up and down only is the only movement happen in the market. In short, not all the time the price increase and decrease depending in the whale manipulators of course.

michellee

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After seeing the bitcoin price jumps down a lot and losing some money in trading for a while, I stop trading for a while. I also stop using futures in Binance because it is hard to keep trading in that conditions. Now, I only watch the market moves but if I see the price is down deeper, I buy that coin for some amounts and hold it. I am trying to buy low and sell high and make a profit of 1% daily. It is not big, but I can do it many times to profit less than 1%, so the result is still good for me. That is a profit than nothing.

DarkDays

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Quote from: ?? on ??

Quote from: Beparanf on May 19, 2021, 11:16:13 PM

Quote from: DarkDays on May 19, 2021, 05:49:14 PM

The pain has been experienced by many involved in the space.

It just seems like RUG PULL from institutions and market manipulator groups. There is no way this type of dump is natural. The dips and peaks look too manipulative.

Let me share with you a very interesting outlook ... (for the full explanation on this, watch this video https://www.youtube.com/watch?v=Lhf_2gJJS1I&ab_channel=uncomplication)

Thoughts?

image loading...

Pretty solid explanation and this is what I really expecting to happened. It just happened earlier than what I expect. It seems that institutional investors are having a joint activity to manipulate the market by spreading FUD when the price is high and announcing they acquire additional holdings when the price is down after the FUD. The price already reach the point where the wall at 60k cannot be destroyed due to low fresh money coming in to boost the price higher.

and finally the price has reached its saturation point which requires correction before it rises higher. and at this time the investor's mentality is being tested, or they have already prepared double capital to look for areas to buy back. whatever happens, don't be too confident in facing the market

Whatever happened a few days ago seems to be happening again now with BTC around 39K-40K so I can only expect to see what I've seen before. That is the market dropping back down to around 30K.

To me, this is no time for buying in, unless you're thinking long-term that is.

cute nmp

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This occurred mainly because of the recent btc dump as a result of Elon musk news that tesla will no longer accept bitcoin as a means of payment.Many people did not expect that to happen in the market hence the reason behind the liquidations.Dips like this happened from time to time so stop loss is important to avoid cases like this.

so98nn

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It is not horrific story at all. It is the way it is mate! This is the game of money exchange in the process you loose or you make more money. It's the competition who buys at dip and sell at high and weak hands who buy it ATH.

This market won't survive if there is no such dips and ups. Obviously those 8 billion which were liquidated must be from the profits bookers, losers, panic sellers and what not.

If the orders were executed then it does mean someone was buying at that point too. That is how it works and that's what give liquidity to the market.

poodle63

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Quote from: DarkDays on May 19, 2021, 05:49:14 PM

The pain has been experienced by many involved in the space.

It just seems like RUG PULL from institutions and market manipulator groups. There is no way this type of dump is natural. The dips and peaks look too manipulative.

Let me share with you a very interesting outlook ... (for the full explanation on this, watch this video https://www.youtube.com/watch?v=Lhf_2gJJS1I&ab_channel=uncomplication)

Thoughts?

image loading...

I too think the reason of dumping with such amount at that time was because the rugpulls group or anything related to that decide to somewhat dump their coins
if it's an institution that does that, they definitely gonna be concerned with market depth but it seems the dumpers isn't concerned about that at all
Instead it looks like a haste movement to get out of the market liquditing their asset as soon as possible, what's the chance of people just decide to say "f**k" it and dumped it altogether?
Slim I guess, unless such a guy don't care if their money got bitten by their own dumping.

goaldigger

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Quote from: ?? on ??

On the other hand, futures trading is very profitable in a short time but is worth the risk. I myself have avoided futures trading since I was first liquidated. Money management and SL must be properly guarded because if you ignore the risk of liquidation, it will always be possible. so it's better to always manage both of them so that your risk is maintained. I myself do not recommend futures trading for those who are just trying

It is indeed profitable if you manage to set-up a good entry point, but if you are still not familiar with future it can be more risky.
The market crash faster than expected and that's the reason why many was not able to sell early, and got trap especially when the platform that they are using is crashing as well. Spot trading are more reliable on a bear trend, the recent bounce can still be risky.

wahyu wida

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Quote from: ven7net on May 25, 2021, 07:42:48 AM

Unfortunately, the fall in prices once again brought disappointment to the crypto community, as many believed that there would not be such a deep correction now, but this fall should indeed once again show that everything can be on the crypto market, like a big rise or a fall. Based on this, one should always assume such development scenarios. I remember the fall in crypto prices at the beginning of 2018, then I was confused and it seemed the end had come, but now I already understand that this fall should have been and after that there will definitely be an increase in crypto prices. Therefore, the fall this time is an opportunity to buy a top cryptocurrency at a low price.

that's the market, anything can happen, especially in the crrypto market where whales have an important role in it. therefore we must be able to take advantage of opportunities well, because it could happen that prices will suddenly rise or even vice versa. as long as we can follow the flow, then we can survive in the market

ven7net

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Unfortunately, the fall in prices once again brought disappointment to the crypto community, as many believed that there would not be such a deep correction now, but this fall should indeed once again show that everything can be on the crypto market, like a big rise or a fall. Based on this, one should always assume such development scenarios. I remember the fall in crypto prices at the beginning of 2018, then I was confused and it seemed the end had come, but now I already understand that this fall should have been and after that there will definitely be an increase in crypto prices. Therefore, the fall this time is an opportunity to buy a top cryptocurrency at a low price.

AicecreaME

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Putting a stop loss sometimes are not working because of us making different decisions every time the price would nearly hit our stop loss because we are thinking that our stop loss would be gone to waste if it's been hit and the price of the market would go up instantly after it hits your stop loss price, that's why we always end up losing more because of greed on making more profits.

Sometimes losing a small trade is profitable than fighting the trend and insisting that it would pump up again if you're gonna resist what's happening.

joinfamily

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This crash liquidate many long position trader. I always use spot.

tvplus006

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To the Moon

Quote from: JooBra on May 19, 2021, 03:34:28 PM

A lot of people lost money. It is what it is we all know the risks when we go for margin trading. Shorting would have been a god option in last couple of days but that is kinda agains human nature.

Such a large number of liquidations is due to the fact that many traders believed in the continuation of the bull run and no longer believed that bitcoin could be corrected at such a low level. And as a result, more short positions are being opened on the market now, and this can serve as an impetus for the growth of the market.

Oceat

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Quote from: Fivestar4everMVP on May 22, 2021, 01:17:58 PM

This is why I decided to stop trading totally and just focus on investing and holding for profit, let me know lie, news like this are one of the reasons why I stopped trading, and my other reason is that I've been burned, big time, I traded Ethereum on a leverage of 100x, I don't need to say it but yes, I lost everything, and that thought me a very big lesson, ever since this incident, anything trading on leverage scares me, even at 5x, and the truth is that trading without leverage does not bring much profit so I just decided to leave trading and focus on investing and so far, am much more comfortable and I got peace of mind.

Trading actually is quite good specially if you know what you are doing but if you think you can't do better in trading no matter what you do. It's fine to stop and move on to proceed to your next target like investing but you should also know the risk of investment and try to minimize it since every money that's involve there's always a risk of losing.

It's just that Elon Musk suddenly post a tweet that devastated almost all of the crypto market.
It seems like people are fund of supporting billionaire and tend to follow what they tell to the world.

Fivestar4everMVP

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This is why I decided to stop trading totally and just focus on investing and holding for profit, let me know lie, news like this are one of the reasons why I stopped trading, and my other reason is that I've been burned, big time, I traded Ethereum on a leverage of 100x, I don't need to say it but yes, I lost everything, and that thought me a very big lesson, ever since this incident, anything trading on leverage scares me, even at 5x, and the truth is that trading without leverage does not bring much profit so I just decided to leave trading and focus on investing and so far, am much more comfortable and I got peace of mind.

Wawa2013

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Quote from: ?? on ??

On the other hand, futures trading is very profitable in a short time but is worth the risk. I myself have avoided futures trading since I was first liquidated. Money management and SL must be properly guarded because if you ignore the risk of liquidation, it will always be possible. so it's better to always manage both of them so that your risk is maintained. I myself do not recommend futures trading for those who are just trying

Future trading is not suitable for everyone, apart from a very high risk. Future trading also requires good analytical skills, as well as trading experience.
If we don't have these two things, we should avoid future trading, especially when the current market is bad, It is strictly not recommended to make
profit through futures trading. I even for the past few weeks have only secured the capital I have for trading on stablecoins, so as not to be influenced
by a highly volatile market. When the market recovers, then I will start trading again.

ultrloa

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Quote from: teosanru on May 21, 2021, 05:15:11 PM

Quote from: CaVO32 on May 20, 2021, 04:04:10 PM

Quote from: gabbie2010 on May 20, 2021, 02:12:08 PM

Quote from: ?? on ??

High profit, high risk. We know that future market can give people boost in their profit. But they should understand risk behind it is big as it's possibility amount of profit. If me, i keep stay in spot trading because honestly i am not ready yet to lose all my assets. Although can set stop loss, i think me still not good at future trading and choose to buy then hold my coins.

At least when the market was green future traders who trade with leverage always smile after earning large profits so I don't see any reason for complain now that market is red I expected them to have taken risk into consideration in their trading, it was very unfortunate that a whopping $9 billion dollars was liquidated, to cut my losses I always exchange my Bitcoin to a stable coin to avoid this massive dumping of the price, indeed a trying time for cryptocurrencies investors.

This is actually where stablecoin is useful. But you need to be careful also which stable coin you will buy. Better choose the known and popular ones.

Stable coins were the best invention actually. Even though USDT was and still is criticized a lot for its lack of transparency and how enough dollars are not there to back it but despite that,

Its our safe heaven from the dump especially on what happening today, I already secured my funds since the heavy dump seems pretty strong and I don't want to join the hodl party sincr its very frustrating to see the market dumping badly.

I know USDT is being criticize but as long as it serves its purpose well I will go here temporarily and once the fear ease up and market slowly recovers I will go back to the alts I support.

Topic: $9 Billion worth trades got liquidated in last 24 hours. - page 3. (Read 784 times)