Anybody still want bitcoin as our main currency?? Imagine holding onto a currency that can fluctuate 10 20 30% in a month. All cryptocurrencies tanking.
This thread suddenly became very active It's a very good buying opportunity, same as in March of 2020 Bitcoin as money, store of value, like a savings account Yes, you can use it as a currency to pay for goods and services, but for every day expenses, it's better to use stablecoins as your checking account i.e. usdt which is like crypto fiat You don't spend you savings every time you want a Chipotle meal, do you?
Cryptocurrencies plunge as Iran begins attack against Israel Demonstration of how crypto assets can react to global events when more traditional investment instruments are not available for trading https://www.marketwatch.com/story/c...as-iran-begins-attack-against-israel-b88450ed
It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020 It's a very good buying opportunity, same as in March of 2020
What are you whining about? We're practically where we were just 3 weeks ago. Also according to this article, you should blame it on "margin calls" crypto.news Iran-Israel conflict, negative funding rates triggered $860m crypto sell-off Friday’s crypto market liquidation was largely triggered by heightening fears of conflict between Iran and Israel, according to QCP Capital. Historically, geopolitical instability tends to drive investors away from riskier assets like cryptocurrencies, seeking safety in more stable investments. This shift often results in sell-offs across risk asset classes, as observed in the recent downturn. In the last 24 hours, 261,054 traders were affected, and $860.82 million in assets were liquidated as the overall crypto market cap plummeted nearly 5%. Liquidation heatmap | Source: Coinglass You might also like:Bitcoin ETFs see $55m net outflow, as BTC drops to $65k QCP Capital also observed the ETH risk reversal indicator played a significant role in the liquidation. The firm noted on Friday that there was a notable downside skew in the Ethereum risk reversal, which signaled a potential drop. The risk reversal’s bearish skew indicates that traders were betting on ETH’s price dropping, a sentiment that likely stemmed from its use as a hedge. This technical indicator proved accurate, as ETH’s value dropped over 5% to $3100. Typically, speculators holding long positions in altcoins use ETH puts to protect against downturns, making ETH prices particularly sensitive to shifts in market sentiment. The fear permeating the crypto markets was palpable, further reflected in the negative swing of perpetual swap funding rates. These rates plunged to over -40%, marking the deepest negative funding this year and signaling a strong bearish sentiment. Additionally, this anxiety crushed the forward curve, with the front end falling below 10%, highlighting a bleak short-term outlook for cryptocurrency prices.
We fucking held through a year of bear market 2022 when bitcoin had many crashes and bitcoin went to $14k and you guys think this is something bitcoiners would worry about BWAHAHAAHAHAHAHAHAHAHAHAHAH over $60 thousand fucking cuck bucks for a bitcoin, come on now, THIS CRASH IS NOTHING Stock market is closed right now, good thing for all the pussies that cannot handle 24/7/365 volatility
No whining from me.Its a buying opportunity. Was just trying to be funny in relation to recent discussion re whether Elliot Wave predicts the news or whether the news moves the EW.Not that humorous in hindsight.haha
This situation is more interesting from the perspective of crypto's price reaction to world events. In a war scenario such as WW3, crypto will not be the go-to in a flight to safety -- similar to gold. Just like stocks, investors/traders will flee crypto and the price will plunge in reaction global military conflict.