BTC down 10% just now - Why?

Discussion in 'Crypto Assets' started by OptionsOptionsOptions, Apr 17, 2021.

    • BTC down 10% just now - Why?
    • Took 2 minutes or so.
     
  1. Overnight

    Overnight

    Last I recall, BTC was at 62K or so on Friday close. What is the big deal if there is $6,200 drop? Isn't that normal in the BTC space?

    Most folks have a consensus that it will reach $100K very soon.

    10% drops. HAHAHAH! No worries, it will be back to it's ATH when the RTH opens on Monday morning. Mostly.
     
    tommyyates and jys78 like this.
  2. LS1Z28

    LS1Z28

    I haven't seen confirmation on either of these stories, but this is what I'm seeing on Twitter.

     
    Last edited: Apr 17, 2021
  3. krugman25

    krugman25 Guest

    Massive leverage. You can see the liquidations live on https://twitter.com/BXRekt
     
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  4. krugman25

    krugman25 Guest

    I suffered an almost 65% drop in 6 days back on March 7th, 2020. I was up 5,000% 1 year later.

    Talking about the downside volatility and not the upside volatility is extremely disingenuous and a heavy sign of cope.
     
  5. Overnight

    Overnight

    In India, the penalty for non-compliance can be severe.

     
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  6. krugman25

    krugman25 Guest

    The "India has banned crypto" news story has recirculated about a dozen times since last year. Suddenly it matters to the market now? Please. Funding rates and leverage have been off the charts. This is spring cleaning in the deriv. markets.
     
    remoteControl and zenlot like this.
  7. Overnight

    Overnight

    I did not realize the cryptos were derivatives. I thought they were their own markets. *shrugs*
     
  8. krugman25

    krugman25 Guest

    Yeah... well, there are spot markets and derivative markets, but you already know that. You are super salty though which is actually kind of fun to see.

    Did you miss me? :D
     
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  9. Overnight

    Overnight

    I miss people who think I post information (or feedback, or humor) that makes them go "Hmmm". I like to get people's brains fizzing. Like that fizzy feeling they might get when driving an exotic hypercar or something.

    I vaguely recall your posts in the past, and have not seen them for quite a while.

    I DO miss people who can argue on the level of cyborg, with no emotion. I am still capable of that level of stoic and aloof discussion. There are very few people left here who still have that level of emotional detachment to certain emotionally-charged issues.

    I'm guilty as sin of going off the rail at times. But hey, returning old blood is good. Adds more salt to the diet. :)
     
    #10     Apr 18, 2021
    KCalhoun likes this.