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#1: Horse    To: All (#0)

https://www.zerohedge.com/the-market-ear/cryptocrash

Bloody Bitcoin: over 300.000 crypto accounts liquidating since yesterday

Horse posted on 2021-12-04 18:03:27   Reply   Private Reply

#2: Pinguinite    To: Horse (#0)

Ah, YES. That's what it was. Margined accounts blowing up. Well, I for one am glad to see it! People doing margin with crypto are only serving as a crypto tax man for little people looking to simply invest by extracting fiat dollars from the crypto world, and that's not what it's there for. So good riddance to 410,000 accounts. Their getting flushed out and liquidated has created a great dipping buying opportunity for ordinary crypto people and I bought more last night as well.

Pinguinite posted on 2021-12-04 23:37:15   Reply   Private Reply

#3: StraitGate    To: Pinguinite (#2)

Yes, I seized that opportunity to double my Bitcoin holdings. (Feels especially good because my first purchase was at or near the All Time High a few weeks ago.)

Again, I appreciate your crypto insight that you share with us here.

StraitGate posted on 2021-12-05 13:28:16   Reply   Private Reply

#4: BTP Holdings    To: Pinguinite (#2)

Their getting flushed out and liquidated

I can recall the Hunt brothers trying to corner the silver markets using borrowed funds. They failed and lost their shirts in the process. ;)

BTP Holdings posted on 2021-12-05 13:39:53   Reply   Private Reply

#5: Anthem    To: Horse (#0)

Not much of a crash by bitcoin standards -- down about 16% from ~$57k. I've seen it break in half.

Anthem posted on 2021-12-05 15:45:22   Reply   Private Reply