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> "The problem with #Crypto, as in most things, is the leverage," he tweeted. "If you don't know how much leverage is in crypto, you don't know anything about c
by throwkeep 5y ago
> "The problem with #Crypto, as in most things, is the leverage," he tweeted. "If you don't know how much leverage is in crypto, you don't know anything about crypto."
Wasn't a lot this knocked out when Bitcoin crashed to $30k? How much still remains?
- AznHisoka 5y agoIt was at 30k earlier this year. It needs to go below 10k for me to consider it crashing.
- rualca 5y ago> It was at 30k earlier this year. It needs to go below 10k for me to consider it crashing. Bitcoin's price was over $60k a couple of months ago. After it crashed, it tanked to around $30k. So to you a market valuation tanking 50% is not a crash, and it would need to tank over 80% to qualify as one?
- MrYellowP 5y agoIt's cryptos. 50% isn't uncommon and not really anything a seasoned crypto trader/hodler would care about.
- rualca 5y ago> It's cryptos. That means nothing. > 50% isn't uncommon So crashes are common on speculative bubbles. Does that mean these crashes are less of a crash?
- deleted 5y ago[deleted]
- mthoms 5y agoThe parent only said that 50% reduction for BTC was not cause for alarm for them because of how often such big drawdowns occur in crypto. Nothing more. Stop trying to pick a fight.
- ac29 5y agoThe largest exchange, Binance, has had over $50B of futures volume in the last 24 hours [0]. Futures are generally traded with leverage and in crypto trading, leverage can be huge - 100x is available many places. [0] https://www.coingecko.com/en/exchanges/derivatives https://www.coingecko.com/en/exchanges/derivatives
- Supermancho 5y agoTake a look after June 25th, 2021.