Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5441.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Dabs on May 19, 2021, 09:35:32 AM

Only if they were leveraged. If they directly bought whatever token or something and withdrew it to play with defi then there is no liquidation. Or in some other cases, they somehow got some tokens airdropped or swapped from somewhere ago, and are just hodling it today.

Oh many of them are leveraged, double/triple/quadruple leveraged. Why else would they pay ridiculous ETH fees, and pay 30%+ APR to borrow some fake USD (like USDT or USDC) instead of just buying BTC or some shit-token directly.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: bitcoinPsycho on May 19, 2021, 09:39:58 AM

Quote from: proudhon on May 19, 2021, 09:36:25 AM

Quote from: seljo on May 19, 2021, 09:30:46 AM

https://youtu.be/xctuSVvnQyY?t=64

The bitcoin shaking machine was miscalibrated and ripped the tree out of the ground and now it's dead.

I heard the same thing 8 years ago

It's a timeless message from those of us who can see into the future

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: proudhon on May 19, 2021, 09:36:25 AM

Quote from: seljo on May 19, 2021, 09:30:46 AM

https://youtu.be/xctuSVvnQyY?t=64

The bitcoin shaking machine was miscalibrated and ripped the tree out of the ground and now it's dead.

I heard the same thing 8 years ago

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: seljo on May 19, 2021, 09:30:46 AM

https://youtu.be/xctuSVvnQyY?t=64

The bitcoin shaking machine was miscalibrated and ripped the tree out of the ground and now it's dead.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Quote from: suchmoon on May 19, 2021, 09:12:52 AM

If you're looking for someone to blame (or thank) - in addition to the usual suspects like Elon or China - may I suggest shitcoiners, defi specifically. Those fucking morons have been overleveraged into Bitcoin and shitcoins since mid 2020, maybe earlier. Typical liquidation threshold is around 70-80% of collateral value so I'm quite certain there was a wave of liquidations contributing to the precipitous drop from mid 40s to low 30s.

Only if they were leveraged. If they directly bought whatever token or something and withdrew it to play with defi then there is no liquidation. Or in some other cases, they somehow got some tokens airdropped or swapped from somewhere ago, and are just hodling it today.

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

https://youtu.be/xctuSVvnQyY?t=64

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

This is what separates the true crypto OGs from the crypto kids..
Living through these events..

Haven’t seen anything like this before?
Appreciate this experience..

Toxic2040

legendary

Activity: 1834

Merit: 4197

the Wednesday morning blood bath report

#dyor

1h

4h

D

#stronghands

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: Phil_S on May 19, 2021, 09:12:15 AM

The current state of dip: 53%.

This drop is so much like March of last year. I think it was down a similar amount and felt very much the same.

Of course we all remember what happened after that.

Kylapoiss

sr. member

Activity: 616

Merit: 292

I don't know where I'm going, but I'm going.

Quote from: proudhon on May 19, 2021, 08:54:52 AM

So, how's it going everyone?

Better than ever! You seem to be worried, why's that?

Arriemoller

legendary

Activity: 2282

Merit: 1767

Cлaвa Укpaїнi!

My lifetime cashback earnings on my Binance card has gone down from 0.44 EUR to 0.28 EUR. But I'm not selling!

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

If you're looking for someone to blame (or thank) - in addition to the usual suspects like Elon or China - may I suggest shitcoiners, defi specifically. Those fucking morons have been overleveraged into Bitcoin and shitcoins since mid 2020, maybe earlier. Typical liquidation threshold is around 70-80% of collateral value so I'm quite certain there was a wave of liquidations contributing to the precipitous drop from mid 40s to low 30s.

Phil_S

legendary

Activity: 2140

Merit: 1628

We choose to go to the moon

The current state of dip: 53%.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: gallianooo on May 19, 2021, 09:08:02 AM

great thanks, buying 10more BTC at 31K. Wink

Only sold 6 at intervals above $52,000.

Well, this dump has depressed me so I’ve just tried to regain a sense of strength & conviction by buying them all back.
I now have a pile of stinking fiat to live on for a bit if this dump is prolonged & we enter a bear market.

I’m thinking we’ll recover to the mid $40,000’s before next week. This must stop somewhere?

heslo

legendary

Activity: 1235

Merit: 1202

Quote from: Paashaas on May 19, 2021, 08:58:36 AM

That $5000 pump.

We were definitely oversold there. Quite confident that was the bottom

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: friends1980 on May 19, 2021, 04:11:39 AM

Quote from: BitcoinBunny on May 19, 2021, 03:46:14 AM

Dump, Dump, dump your Bitcoins
Gently down the stream
Merrily merrily, merrily, merrily
You're an imbecile to sell, so it seems

Dude, will you never learn:

Quote from: Renampun on May 18, 2021, 06:47:49 AM

making jokes in the crypto community is not funny...

I will agree that in times like this, it can be quite problematic to overly make certain kinds of jokes... - especially if you might know some of the particulars of some peeps... at the same time some digs can become quite effective too.. in these kinds of times of potential vulnerability..

And furthermore, some peeps (especially with no stake) will become even more emboldened to get in their lil digs.

So, we must be careful, even while we have a lot of potential volatility stresses upon our lil selfies to NOT lose our cool.... even on the interwebs (if possible - we (not royal) - are not bots, right?).

El duderino_

legendary

Activity: 2716

Merit: 13505