Clinamenic

Binary & Tweed
This is why I think trading in crypto is stupid unless you are an expert algo-trader or else have mountains of capital you can use to move markets. I suspect things like this flash crash are pure market manipulation, whales capitalizing on the FUD of noobs.
 

Leo

Well-known member
if you're in it for the long haul, these blips (either up or down) don't really matter, do they? a movement caused by a credible event is different.
 

Clinamenic

Binary & Tweed
if you're in it for the long haul, these blips (either up or down) don't really matter, do they? a movement caused by a credible event is different.
You're right, they don't matter, provided you're operating long-term and believe this tech will actually find plentiful use cases in society, rather than pure speculation. Plenty of people doubt their investments when there is a steep enough dip, and their selling only pushes the market price down further, it would seem.

But yeah the spikes and valleys are only devastating if you're operating on a short term basis. An insane amount of over-leveraged traders get liquidated whenever one of these flash crashes happen, as in $100,000,000's of collateral.

I'm holding long term, and getting passive income on pretty much the whole portfolio, and these are funds I can afford to invest with, so the crashes don't effect me at all.
 
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Clinamenic

Binary & Tweed
Even for the credible events, although those would seem to threaten longer lasting bear markets than just a random market manipulation would.
 

Clinamenic

Binary & Tweed
Those naughty whales probably got some sweet deals. Also, some non financial advice for anyone looking to buy and hold, always have some ridiculously low buy orders in place, in order to benefit from these flash crashes. If I had known of this, I would have set aside some fiat from the start for this purpose.
 

luka

Well-known member
toko did you see top economist vimothy give Stan a spanking last nght? very chastening for the young lad but he will have learned a lot and will be better for it
 

toko

Well-known member
Another flash crash. You feel it @toko ?

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Yep, although I had taken pretty significant profits by that point. I mean, my nw is still little over 50 percent in crypto atm, but in the days leading up to it I risked off from like 110% long lol. Mostly unworried since its mostly macro risk-off and a lack of liquidity that caused the crash but yeah definitely felt it
 

luka

Well-known member
vimothy is our resident economist he is a professional economist with a masters and a phd in economics. he says bitcoin is stupid and anyone that likes it is stupid. Stan is Clinamenic's real name. it's what we call him becasue Clinamenic is a bit of a mouthful.
 

luka

Well-known member
the spanking starts at the bottom of this page here
 
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