Bag said:

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so...

where is the bottom? 88?

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Your guess is good as mine but im not TA guy
I have chunk buys set for 88 and 86.5k

remember, BTC is volatile, only buy BTC w money you CANT afford to lose

"Bitcoin (BTC) continues to trade in red, reaching a low of $88,200 during Tuesday's early European trading session and hitting the lowest level since mid-November after falling 4.89% the previous day.

This price pullback triggered a wave of liquidation in the crypto market, totaling $1.34 billion,

with 367,500 traders wiped out in the past 24 hours.

Moreover, after its recent compromise, Bybit loses around $2 billion in BTC from reserves."


what does the bold of "wiped out" mean?!?!

is that just someone who doesn't speak English really meaning to say "selling their Bitcoin"

Bag said:

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liquidated

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I understand that but the term "wiped out" means you lose all your investment and have to sell

just selling your position because you think the market is going down is NOT being 'wiped out'

so either the author of that report is a chinaman who can't speak english

or someone chasing clout and clicks.

because no one got wiped out selling BTC at $88,000

Maybe they were trading on leverage and had to sell to cover their losses? Or maybe the author is just bad with words.

mavsfan4ever said:

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Maybe they were trading on leverage and had to sell to cover their losses? Or maybe the author is just bad with words.

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interesting- can they trade on leverage with coinbase?

I just buy with cash each time.

added a full .012 more BTC today!

They did not "just sell their positions."

Liquidation in leverage trading occurs when your leveraged position loses too much capital and your margin can no longer support the losses. This results in the closure of all positions and the loss of all funds in your account.

So, yes, their leveraged trade positions were "wiped out."

LMCane said:

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mavsfan4ever said:

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Maybe they were trading on leverage and had to sell to cover their losses? Or maybe the author is just bad with words.

---

interesting- can they trade on leverage with coinbase?

I just buy with cash each time.

added a full .012 more BTC today!

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awesome sauce!

ok, I need some alt coin help.

I want to buy this, but I have no idea how to, it is not on coinbase

https://coinmarketcap.com/currencies/whiterock/

figured it out, coinbase wallet was the answer. in for $1,000, now the proud owner of 5.6m coins lol

fauxstradamus said:

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Bag said:

---

so...

where is the bottom? 88?

---

Your guess is good as mine but im not TA guy
I have chunk buys set for 88 and 86.5k

---

Still not a TA guy, but the 61.8% Fib level sits at $83.4k. I bought in at 88 and cancelled my 86.5k. Have another buy set for $84k to account for the buy spread.

brilliant thanks

maybe old news.... have seen reports that hackers in North Korea may have recently stolen 1.5 Billion in crypto.

Imsodopey said:

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maybe old news.... have seen reports that hackers in North Korea may have recently stolen 1.5 Billion in crypto.

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the rumor was that they are considering rolling back the ETH blockchain to recover the funds, I believe that would be unprecedented

Risky101 said:

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They did not "just sell their positions."

Liquidation in leverage trading occurs when your leveraged position loses too much capital and your margin can no longer support the losses. This results in the closure of all positions and the loss of all funds in your account.

So, yes, their leveraged trade positions were "wiped out."

---

I understand the concept of leverage.

but how much of that occurs with Bitcoin?

and how would some "reporter' on a blog know how many investors are 'wiped out'?

I am not an expert.

However, I believe that is happens quite a bit with BTC. I have no idea how they know, but I have heard analysists mention this several times before

It's not happening. Was mainly spread by btc maxi

Coin glass

fauxstradamus said:

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fauxstradamus said:

---

Bag said:

---

so...

where is the bottom? 88?

---

Your guess is good as mine but im not TA guy
I have chunk buys set for 88 and 86.5k

---

Still not a TA guy, but the 61.8% Fib level sits at $83.4k. I bought in at 88 and cancelled my 86.5k. Have another buy set for $84k to account for the buy spread.

---

Funny, I had an order (from months ago) at 86.5 that got filled. I forgot I had setup that price level as an order. That came as a happy surprise.

Yukon Cornelius said:

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It's not happening. Was mainly spread by btc maxi

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i would imagine if they pulled something like that it would essentially be the end of the ETH

Maybe. The one thing that eth has going for it that no one else really does is the amount of stable coins on it. We're about to get a stable coin regulation bill. There's going to be even more stable coin creation over the next year or so and it's primarily on ethereum

fauxstradamus said:

---

fauxstradamus said:

---

Bag said:

---

so...

where is the bottom? 88?

---

Your guess is good as mine but im not TA guy
I have chunk buys set for 88 and 86.5k

---

Still not a TA guy, but the 61.8% Fib level sits at $83.4k. I bought in at 88 and cancelled my 86.5k. Have another buy set for $84k to account for the buy spread.

---

Just bounced at $83.5k

I am so tired of financially getting nowhere with investing. My parents invested and have watched their money grow so much. I am losing confidence in the whole damn thing.

AggielandPoultry said:

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I am so tired of financially getting nowhere with investing. My parents invested and have watched their money grow so much. I am losing confidence in the whole damn thing.

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BTC is a long term game, this is a tremendous opportunity right now

I hear ya. It's far more challenging than people think. And when you do good the government demands 20%.

Don't give up. Keep grinding. Try and remove emotion. Create a plan and stick to it

Macro things staying the same or better we will see another good pump this cycle I believe.

ETF went live in January. A month and then some of etf buying is now long term capital gains. Those positions are also up 80-90% right now. There's going to be a lot of sell pressure.

But as time goes on the price in short term will fall and the delta between spot and the trialing year will increasingly decrease. As tbe price falls and tbe price rise a year ago. So the gains will be less and less on more etf buys that hit the LTCG threshold. Which will slow sell pressure and at some point we will flip bullish I suspect. And we will have another run up before the next bear cycle.

Ive decided I'm just doing the 0.1 bitcoin, or bitcoin equivalent i guess since I'm using IBIT

I currently have 0.15 bitcoin equivalent and will trade the 0.05 and keep the 0.1

I am guessing F57 is not a fan of North Korea.

It's an investment in the same way gold and currency is IMO. Sure you can speculate and bet on the come, but there's no operations to generate cash flow. That's been my opinion. Disclosure: I hold BTC a few others, gold, oil and gas interests and real estate.

AggielandPoultry said:

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I am so tired of financially getting nowhere with investing. My parents invested and have watched their money grow so much. I am losing confidence in the whole damn thing.

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Better buckle up then. When this bull rolls over it's going to be ugly.

AggielandPoultry said:

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I am so tired of financially getting nowhere with investing. My parents invested and have watched their money grow so much. I am losing confidence in the whole damn thing.

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just remember, this is a long game, hold for 4 years and then you can buy me lunch

Update on WhiteRock

whitepaper https://docs.whiterock.fi/

This is a RWA play, basically the idea that tokenization will eventually dominate real world assets

in Feb 23rd 2025, currently up 25% in 4 days (it is up 82% this week alone)

This is my first adventure into the alt coin space. I will keep an updated tally on here.

You outside the US?