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Title: Cascading Liquidations Send Bitcoin Below $18,000
Source: [None]
URL Source: https://www.zerohedge.com/markets/c ... d-margin-call-contagion-sparks
Published: Jun 18, 2022
Author: Tyler Durden
Post Date: 2022-06-18 20:07:45 by Horse
Keywords: None
Views: 475
Comments: 9

As Daisy-Chained Margin Call Contagion Sparks Record Selling

“What we’re seeing is more liquidations driving prices and sentiment lower, which triggers more liquidations and negative sentiment - some flushing-out needed still, but this will at some stage exhaust itself"

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Begin Trace Mode for Comment # 5.

#1. To: Horse, Pinguinite (#0)

I bought (my first buy!) at the All Time High. It's easy to hold now when it's worth almost nothing.

StraitGate  posted on  2022-06-18   22:13:39 ET  Reply   Untrace   Trace   Private Reply  

It's easy to hold now when it's worth almost nothing.

What I say is it's also easy to buy even more at this fire sale price and make the average buy price for you much lower than before. The general finance markets are screwy right now. Inflation is raging and financial instruments are *dropping* in price? That makes sense for stocks as companies will have a harder time making money in an inflationary environment, but not for commodities including Bitcoin that are not tied to any business enterprise or any political state. It's a very good buy time now.

Pinguinite  posted on  2022-06-19   1:42:02 ET  Reply   Untrace   Trace   Private Reply  

I usually buy during dips, but don't expect 95% of these companies to last through December. Dollars won't be worth much either, but a few pennies buys more food than no pennies.

Dakmar  posted on  2022-06-19   1:57:27 ET  Reply   Untrace   Trace   Private Reply  

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