So how long till back into low 60s? A week? A few days? Today?
Bitcoin Price Tracking & Discussion -- 2025
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louisvillekidSBR Hall of Famer
- 08-14-07
- 9255
#2626Comment -
ArkySBR MVP
- 12-09-11
- 1095
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asiagamblerSBR Hall of Famer
- 07-23-17
- 6831
#2628What a scam !Comment -
biggie12SBR Posting Legend
- 12-30-05
- 13789
#2630If you guys aren't on BNB get in price will be over $1000 soon.Comment -
DiggityDaggityDoSBR Aristocracy
- 11-30-08
- 81454
#2631Love when bitcoin is on saleComment -
BeatTheJerkBARRELED IN @ SBR!
- 08-19-07
- 31794
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ArkySBR MVP
- 12-09-11
- 1095
#2633Crypto Compare newletter says this about the "big dip":
Bitcoin Price Crashes to 3-week Low Triggering Record Liquidations
Bitcoin crashed from almost $59,000 to $52,000 in one hour on Sunday, triggering record numbers of liquidations worth almost $10 billion. Analysts suspect a hash rate crash triggered to the bitcoin price crash.
According to some data providers bitcoin hash rate almost halved due to a mass power outage in China’s Xinjiang province. Analysts such as Willy Woo argue that “price follows hash rate” and this is what led to the drop in bitcoin price. He went on to say that the impact would be temporary and that hash rate “almost fully recovered.”
Data from Bybt shows that $8.64 billion in long liquidations occurred on April 17 with about 70% of that occurring on Binance. $4.6 billion of the liquidations were from bitcoin futures. Bitcoin’s price crash has caused a market wide sell-off with the majority of altcoins posting negative 24-hour price changes on Sunday.
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raiders72001Senior Member
- 08-10-05
- 11073
#2634These guys move quicker than any coin I've ever seen. From listening to their last AMA, I'm sure that the exchange, NFT's and games will be up soon. There's some news coming out Wednesday. Part of it should be announcing new exchanges. I know you're aware of all of this since you were the first to point out SAFEMOON.Last edited by raiders72001; 04-19-21, 05:37 AM.Comment -
raiders72001Senior Member
- 08-10-05
- 11073
#2635This theory from a crypto forum
Degenerates on Binance with up to 150x leverage (borrowing Tethers to buy crypto) have been building up their margin account balances to big numbers, and when they make money, they double down, and build even bigger positions. Because they're degenerates.
But when the price dips below a certain point, some degenerates who have these margin accounts are suddenly below their maintenance limits, and they get liquidated. When they get liquidated, Binance will sell your crypto for Tether, and you are left with little to nothing.
So what happened? Crypto got sold, and Tether got bought. Because Crypto got sold, the price drops, which triggers more accounts, who thought they were safe, to dip below their margin maintenance requirements.
This creates a feedback cycle which basically ends in the liquidation of all the margin accounts. It all ends in a very fast, cascading crash like we just saw.Comment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 37034
#2636This theory from a crypto forum
Degenerates on Binance with up to 150x leverage (borrowing Tethers to buy crypto) have been building up their margin account balances to big numbers, and when they make money, they double down, and build even bigger positions. Because they're degenerates.
But when the price dips below a certain point, some degenerates who have these margin accounts are suddenly below their maintenance limits, and they get liquidated. When they get liquidated, Binance will sell your crypto for Tether, and you are left with little to nothing.
So what happened? Crypto got sold, and Tether got bought. Because Crypto got sold, the price drops, which triggers more accounts, who thought they were safe, to dip below their margin maintenance requirements.
This creates a feedback cycle which basically ends in the liquidation of all the margin accounts. It all ends in a very fast, cascading crash like we just saw.Where's the fuckin power box, Carol?Comment -
ARCHIVADO98SBR Wise Guy
- 09-27-20
- 894
#2637Lets go crash!Comment -
JoeCool20SBR MVP
- 05-31-18
- 4440
#2638Right. Gotta hope people keep "buying the dips"! Which they have every other time it has dropped.
If it ever stops getting support after drops, then all the little newly made "hundred thousand -aires"
will start fleeing for the exits and taking their huge profits, and start a huge price crash.Comment -
biggie12SBR Posting Legend
- 12-30-05
- 13789
#2639These guys move quicker than any coin I've ever seen. From listening to their last AMA, I'm sure that the exchange, NFT's and games will be up soon. There's some news coming out Wednesday. Part of it should be announcing new exchanges. I know you're aware of all of this since you were the first to point out SAFEMOON.
It is officially Defi season. Look at the charts for these coins Raiders I got in all of them within 24 hours of launch. poocoin.com
Moonpirate
saveplanetearth
creampye ( the name sells itself lol)
Here is a brand new one 12 hours old FULL SEND CRYPTO. there was a presale so all the presale buyers are selling off after 3x there is a discount right now They are not affiliated to the Nelk Boys ( A Canadian youtube gem, check them on YouTube millions of followers If they do collaborate this coin will shoot up over 10x overnight. DYOR. I am not a financial advisorComment -
MickeyManSBR Hall of Famer
- 10-20-09
- 5091
#2640It is officially Defi season. Look at the charts for these coins Raiders I got in all of them within 24 hours of launch. poocoin.com
Moonpirate
saveplanetearth
creampye ( the name sells itself lol)
Here is a brand new one 12 hours old FULL SEND CRYPTO. there was a presale so all the presale buyers are selling off after 3x there is a discount right now They are not affiliated to the Nelk Boys ( A Canadian youtube gem, check them on YouTube millions of followers If they do collaborate this coin will shoot up over 10x overnight. DYOR. I am not a financial advisor
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BeatTheJerkBARRELED IN @ SBR!
- 08-19-07
- 31794
#2641It is officially Defi season. Look at the charts for these coins Raiders I got in all of them within 24 hours of launch. poocoin.com
Moonpirate
saveplanetearth
creampye ( the name sells itself lol)
Here is a brand new one 12 hours old FULL SEND CRYPTO. there was a presale so all the presale buyers are selling off after 3x there is a discount right now They are not affiliated to the Nelk Boys ( A Canadian youtube gem, check them on YouTube millions of followers If they do collaborate this coin will shoot up over 10x overnight. DYOR. I am not a financial advisor(much respect)
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kostasbluesSBR Wise Guy
- 09-20-20
- 838
#2642Right. Gotta hope people keep "buying the dips"! Which they have every other time it has dropped.
If it ever stops getting support after drops, then all the little newly made "hundred thousand -aires"
will start fleeing for the exits and taking their huge profits, and start a huge price crash.Comment -
raiders72001Senior Member
- 08-10-05
- 11073
#2643It is officially Defi season. Look at the charts for these coins Raiders I got in all of them within 24 hours of launch. poocoin.com
Moonpirate
saveplanetearth
creampye ( the name sells itself lol)
Here is a brand new one 12 hours old FULL SEND CRYPTO. there was a presale so all the presale buyers are selling off after 3x there is a discount right now They are not affiliated to the Nelk Boys ( A Canadian youtube gem, check them on YouTube millions of followers If they do collaborate this coin will shoot up over 10x overnight. DYOR. I am not a financial advisorLast edited by raiders72001; 04-19-21, 10:53 PM.Comment -
biggie12SBR Posting Legend
- 12-30-05
- 13789
#2644I know nothing. Doge and Fomo is what is doing everything. BTJ I havent don't much research into this at all. Look at all stable coins today in red. Look at defi everything up. Look at huge whale wallets I'm talking 500 million + they are moving money from btc and spreading it around defi... it has to be a signalComment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 37034
#2645Have to be honest. Thought Giustra did very well in the debate.Where's the fuckin power box, Carol?Comment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 37034
#2646Congrats to ETH holders. 2600, ATH.Where's the fuckin power box, Carol?Comment -
bigtymer56SBR MVP
- 07-31-12
- 4742
#2648
PS. Dont take any advice from me. This is all based on gut feelings.Comment -
Legions36SBR MVP
- 12-17-10
- 3032
#2649Its like Im happy with either or but the Eth runup so far was so fast against the btc ratio has me so confused. Then the news coming up for btc in the next month wants me mostly into it over alts.Comment -
pablo222SBR Hall of Famer
- 01-03-19
- 8858
#2650I don't think ETH is done running.
I will hold tight on both.
But I did load a little bit of ETH on Bitpay card today to order a mountain bike.
I hadn't grabbed profits of any crypto since Dec.Comment -
ouzounSBR Sharp
- 10-21-12
- 322
#2651Dont worry guys. These are ups and downs. This is not the end of the Bull Market Cycle. It needs some more time for this.
Be carefully with buy the deeps.Comment -
SawyerSBR Hall of Famer
- 06-01-09
- 7713
#2652Love these dips. That's what I call VALUE INVESTING!Comment -
JoeCool20SBR MVP
- 05-31-18
- 4440
#2653
Still waiting on the sell off to stop this time. It is like a set of falling dominos this time.
Very hard to time a "dip buy" right now! It is like trying to catch the proverbial falling knife right now.Comment -
JoeCool20SBR MVP
- 05-31-18
- 4440
#2654
Yes this!! ^^^^^^ Great comment. It was a helluva run for BT-C! Buying and holding BT-C as an investment vehicle is no different than buying and holding stocks for investments. Nothing goes straight up every day! Hell, sometimes like a big down day today in the stock market, I lose $10 grand in one day. And sometimes I MAKE $10 grand on a big up day, but if I'm not planning on selling, then who even cares? I like it better when I don't even watch the prices of my portfolio unless I'm planning to sell something.Comment -
SawyerSBR Hall of Famer
- 06-01-09
- 7713
#2655They will shake off Paper hands. HODL STRONG guys!
Got Theta, Cake, Digibyte, Bitcoin Cash and LINK. Theta to 100$, Digibyte to 1$, Bitcoin Cash to 5000$, Link to 100$! Let's GET IT!Comment -
Roscoe_WordSBR MVP
- 02-28-12
- 3999
#2656I hope optimism prevails.
I picked a fine day to stop doin methamphetamines.Comment -
ArkySBR MVP
- 12-09-11
- 1095
#2657Sea of red. Pull up your 1-day chart for BTC and this looks just like what happened on Feb 20-27.
I'm going to try to find something productive to do with my time and wait it out.....Comment -
pablo222SBR Hall of Famer
- 01-03-19
- 8858
#2659I was just thinking about that day. I packed the shanty and tip ups and went ice fishing. Was a beautiful day on the lakeComment -
JIBBBYSBR Aristocracy
- 12-10-09
- 83693
#2660Slowly crashing now along with the Dow.
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