Somebody after Saylor's coins?
$21k and he's said to be liquidated...
$21k and he's said to be liquidated...
MicroStrategy is currently at a $850 million loss.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3437. (Read 26713252 times)
June 13, 2022, 08:11:49 AM
MicroStrategy is currently at a $850 million loss.
June 13, 2022, 08:10:01 AM
Somebody after Saylor's coins?
$21k and he's said to be liquidated...
$21k and he's said to be liquidated...
Saylor said 3k
Thanks for clearing things up (so fast)
EDIT: First article google spat out on my search:
https://moguldom.com/410653/popular-crypto-trader-michael-saylors-1st-margin-call-at-21k-wont-blow-him-up-but-will-cause-panic/
June 13, 2022, 08:09:25 AM
June 13, 2022, 08:09:00 AM
Somebody after Saylor's coins?
$21k and he's said to be liquidated...
$21k and he's said to be liquidated...
Saylor said 3k
June 13, 2022, 08:08:34 AM
Somebody after Saylor's coins?
$21k and he's said to be liquidated...
$21k and he's said to be liquidated...
June 13, 2022, 08:08:24 AM
Weekly RSI reached 2014 and 2018 bear markets.
Perhaps a possible grand finale capitulation dump like the Covid crash.
Perhaps a possible grand finale capitulation dump like the Covid crash.
Celsius has to liquidate 17k BTC at 20k or something so this might be when it does that.
https://twitter.com/DylanLeClair_/status/1536321175193899010?cxt=HHwWhMC-xYL-jdIqAAAA
June 13, 2022, 08:02:07 AM
June 13, 2022, 08:01:20 AM
June 13, 2022, 08:00:40 AM
"The fiat system is falling apart"
but are we doing better?
but are we doing better?
Fiat currency is in no way worth to be compared with bitcoin, the current fall in bitcoin price is what places us all to an opportunity of investment which fiat currency cannot do, when fiat falls it weakens and fail to rises, bitcoin is our major rescue from the delapitating economy of business and finance, bitcoin prices is falling in other to build more resistive walls round about it while fiat cannot offer such
June 13, 2022, 08:00:23 AM
Weekly RSI reached 2014 and 2018 bear markets.
Perhaps a possible grand finale capitulation dump like the Covid crash.
Perhaps a possible grand finale capitulation dump like the Covid crash.
June 13, 2022, 07:56:55 AM
WTF guys? I thought only real Bitcoiners belong to WO.
Now I can see panicking from veteran members.
I become a full holder from a seasonal trader.
If I can still Hold, Why not you? I know Bitcoiners have balls.
Just remember, 1 BTC = 1 BTC.
Now I can see panicking from veteran members.
I become a full holder from a seasonal trader.
If I can still Hold, Why not you? I know Bitcoiners have balls.
Just remember, 1 BTC = 1 BTC.
June 13, 2022, 07:53:50 AM
June 13, 2022, 07:37:56 AM
ok gotta admit it: This Sucks
June 13, 2022, 07:37:28 AM
Somebody must know something we dont know. I would bet this is a small group of whales selling thousands of coins at this low price. I set a huge buy order at 20's even though I dont believe we go down that much. But then again it feels like there is no end to this dump. It's always the same routine first they attack the resistance with massive sell offs. Then they let it recover a bit and slowly grind back down to that level. Until the next massive attack on the next resistance.
Definitely someone's got the psychology of the Bitcoin (and maybe whole crypto) marked down pat. I wonder if AIs are at play.
Six months ago I'd have written this thought off as looney.
June 13, 2022, 07:36:20 AM
Not your keys and all that. Is this the reason for the dump
To answer your question, not only this, but this is likely to make it a little worse. The markets are primed to dump pretty hard today. Hopefully Bitcoin has front run this a little in it's 24/7 trading cycle.
Hopefully most everyone has figured it out by now, but we are in for a really rough ride as a world, I think. Bitcoin might be one of the safer harbors in the storm.
But it is still in the storm.
June 13, 2022, 07:34:20 AM
Finally some volume being unleashed
Hope all the weak hands get slaughtered quick and we can FOMO to 400k
Hope all the weak hands get slaughtered quick and we can FOMO to 400k
June 13, 2022, 07:31:47 AM
I wonder if that chatty google AI is posting here (if it has Internet access)?
I imagine this is exactly how an AI would try and blend in..
Not rly. Look at JJG more closely. He is "closed into his own loop". Pay close attention to him. He is the real "bot" AI.
A real AI, would speak very clunky. He/She/iT would speak very much, and would have a hard time trying to manifest "small"/short sentences.
After I read your post, I ran over to the mirror, and I did not see nuttin.
no reflection in a mirror just indicates youre a vampire.
of course nothing precludes you from being a vampire and an AI. well, pretty sure anyway.
June 13, 2022, 07:28:19 AM
Just sold 0.05 BTC. Pushed liquidation price down to about $22,080. No choice with margin account health around 1.5%; last time I cut it this close (and I was at the computer fully functional), it was the first liquidation. Another liquidation would dump more, with penalty. (Not much more to dump, at this point.)
I chose the name for this forum account very well.
Congratulations to everyone who is buying BTC at these prices.
I chose the name for this forum account very well.
Congratulations to everyone who is buying BTC at these prices.
Ok, congrats, we've got a new mindrust!
June 13, 2022, 07:27:01 AM
"The fiat system is falling apart"
but are we doing better?
ok ok, i'll zoom out.. and keep hugging my coins.
but are we doing better?
ok ok, i'll zoom out.. and keep hugging my coins.
June 13, 2022, 07:19:12 AM
Quote
Everything is breaking.
Years of 0% interest rates encouraged everyone to take on cheap debt. Corporations, countries, individuals... Everyone.
Most of the debt wasn't used productively - meaning most of it will never be paid off.
And now that interest rates are rising...
Years of 0% interest rates encouraged everyone to take on cheap debt. Corporations, countries, individuals... Everyone.
Most of the debt wasn't used productively - meaning most of it will never be paid off.
And now that interest rates are rising...
Quote
Our current economic system REQUIRES more debt to survive.
Just take a look at this graph and you'll see that the amount of debt only goes one direction.
If we don't pile on more debt, the entire thing collapses - and that's what we're flirting with now: Systemic collapse.
Just take a look at this graph and you'll see that the amount of debt only goes one direction.
If we don't pile on more debt, the entire thing collapses - and that's what we're flirting with now: Systemic collapse.
Quote
The amount of new debt required to keep things propped up is at truly silly levels.
And the Fed is making one last attempt to deny reality by raising rates...
But the only way to stop our momentum is to slam into a brick wall of economic pain - which is exactly what's happening
And the Fed is making one last attempt to deny reality by raising rates...
But the only way to stop our momentum is to slam into a brick wall of economic pain - which is exactly what's happening
Quote
We're seeing the chaos play out in all markets:
- Equities are tanking
- Bond yields are surging
- Currencies are plummeting vs. USD
- #Bitcoin selling off
- Shitcoins evaporating
There are very few places to hide. And cash is being eaten by inflation of 8%+
- Equities are tanking
- Bond yields are surging
- Currencies are plummeting vs. USD
- #Bitcoin selling off
- Shitcoins evaporating
There are very few places to hide. And cash is being eaten by inflation of 8%+
Quote
Here are some charts that illustrate how crazy things are getting:
1. German 10 year yields just broke through a 4 decade long trend line.
The German economy is being crushed by inflation, but the EU can't raise rates without bankrupting Italy and Greece. The EU is trapped.
1. German 10 year yields just broke through a 4 decade long trend line.
The German economy is being crushed by inflation, but the EU can't raise rates without bankrupting Italy and Greece. The EU is trapped.
Quote
2. The Japanese Yen, the 3rd largest currency in the world, is being destroyed by its central bank.
The Bank of Japan is buying UNLIMITED quantities of Japanese Government Bonds to prevent yields from going above .25%
Why? Above .25% and the Japanese banking system implodes.
The Bank of Japan is buying UNLIMITED quantities of Japanese Government Bonds to prevent yields from going above .25%
Why? Above .25% and the Japanese banking system implodes.
Quote
Watching the Bank of Japan destroy the Yen offers a glimpse into the future of other major fiat currencies, including the USD.
When the debt becomes too large, yield curve control and destruction of the currency becomes one of the only ways out
When the debt becomes too large, yield curve control and destruction of the currency becomes one of the only ways out
Quote
3. Dollar weakness vs. the Russian Ruble.
Russia is done accepting cheap fiat for scarce goods. This severely limits the ability of Central Banks to kick the can by printing.
Russia is calling the fiat bluff - and the implications are massive.
Russia is done accepting cheap fiat for scarce goods. This severely limits the ability of Central Banks to kick the can by printing.
Russia is calling the fiat bluff - and the implications are massive.
Quote
4. Corporate bonds are falling off a cliff as investors realize that a lot of companies won't be able to pay off their debt at higher interest rates.
Companies that can't afford to refinance will need to layoff employees and liquidate assets which is bad news for everyone.
Companies that can't afford to refinance will need to layoff employees and liquidate assets which is bad news for everyone.
Quote
5. Let's take a quick peek at how mortgage backed securities are holding up through all of this... YIKES.
Fun Fact: The Fed says they're going to sell some of the MBS that they bought during QE. Good luck.
Fun Fact: The Fed says they're going to sell some of the MBS that they bought during QE. Good luck.
Quote
By now you get the point: The entire system is crumbling. Cracks are opening up and portfolios are tumbling to hell.
And yet... What can the Fed do? With inflation absolutely crushing people, can they really reverse course and fire up the money printers again?
And yet... What can the Fed do? With inflation absolutely crushing people, can they really reverse course and fire up the money printers again?
Quote
Inflation in the real world (with pressure applied by Russia) means we're now facing an impossible policy choice: Mass default leading to systemic collapse, or continuing down the path towards hyperinflation.
Quote
And this finally brings me to #Bitcoin and why I'm calmly stacking through the chaos.
Let's be frank: The #Bitcoin price is melting down. It's testing the low $20K range as Celcius blows up and shitcoins head to zero.
But the value prop of Bitcoin remains exactly the same.
Let's be frank: The #Bitcoin price is melting down. It's testing the low $20K range as Celcius blows up and shitcoins head to zero.
But the value prop of Bitcoin remains exactly the same.
Quote
Everything that is playing out right now is why we've been stacking #Bitcoin to begin with.
The fiat system is falling apart. And we need a form of money that can be held safely outside of the system without counter-party risk.
https://twitter.com/stackhodler/status/1536283396053291008 The fiat system is falling apart. And we need a form of money that can be held safely outside of the system without counter-party risk.
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