Finance/Crypto Crypto Megathread v38 - BTC 100k watch. You got lucky and it's just a bubble!

damn SOL and XRP now falling hard

Red Friday

Pretty convenient dump with Futures trading on break for the hour
 
So once the futures desk closed, everything dumped

Now in the last 20 minutes it’s retraced 10%

Nice manipulating the markets here
 
Damn. XRP 20% fall now, was at $2.80 to start the day, hitting $2.30 or so now
 

Trump announces additional 100% tariff on China imports, reigniting trade war with Beijing​


"WASHINGTON ‒ President Donald Trump said the United States will add an additional 100% tariff on all Chinese imports in retaliation to new export controls Beijing is planning for valuable rare earth minerals.

The move reignites a trade war between the world's two largest economies after the United States and China had for months maintained a truce that has kept tariffs on each other flat.


Trump said the new tariff would go into effect on Nov. 1, adding that his administration will also impose its own export controls on "any and all critical software," effective the same date."


Link^

:(
 
Once again my greed got the best of me :( - Had a sell point, reached it, didn't sell b/c I'm a greedy bastard. Live and learn.....I hope.

Next time I gotta set automatic triggers I think, not sure how to do that. My plan was long term hold. My new plan is to make 10%, sell, wait for drop, put it all in and make another 10%. Each 10% gain gains me about what I make in a month. Just keep rolling it all forward 10% at a time. Sounds genius in theory.
 
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XRP hit $1.50! Good thing my cost basis is $.20... I bought a few ATOM to lower my cost there, might buy more but the 15% APY has me a little nervous that it's like a flame for a proverbial moth... Or a rug...
 
I've said it over and over again. Sitting on the sidelines USDT heavy will make you a millionaire.

To be honest, Link looked primed to make a run to 30 and above. But with this guy in charge, I'm not sure when it will happen. It will eventually happen at some point though.

Also, the coming bear market is going to be brutal.
 
Atom literally hit 0

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This was the biggest liquidation event in crypto ever. Covid was 1.2b, this was 9b. Just insane. Anyone with a long position got fucked. Had to be coordinated by the powers that be, no way the market would react like that to yet another trump tariff nothing burger.
 
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I've learned the hard way never to trade futures. Is it really that difficult to just buy and hold, especially when you're playing with millions of dollars like some of these guys? I have a very extensive trading experience with leverage and I've always lost money . Five years ago, when I used to use 10 to 15X leverage, I used to get liquidated,fine. I accept that. Two years ago I was trading with 2X and 3X and I still got liquidated.

Let's not even talk about copy trading. These so-called master traders who all use leverage. Guys with 10 years, 15 years of trading experience at hedge funds and I would know because I've used these guys for the copy trading option on Kucoin and Bitmart. They'll make money initially and then get liquidated on a day like today.

I've tried using multiple traders,even highly rated ones but they will always blow my account eventually.Luckily you can move how much ever money you want into your copy trading account separately and then you can set a certain amount out of that for each trade that's opened on your behalf . I was very conservative since I didn't know what I was doing initially, so I didn't lose much. Just a few $100.

Edit :I see that link has held its value really well. Still around $18.00 and my DCA is around 20. Very nice.
 
Atom literally hit 0

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This was the biggest liquidation event in crypto ever. Covid was 1.2b, this was 9b. Just insane. Anyone with a long position got fucked. Had to be coordinated by the powers that be, no way the market would react like that to yet another trump tariff nothing burger.
I just came here to say that. This is the biggest dump I've seen in 6 years and it was completely coordinated.
 
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