Crypto discussion

Bambooza

Space Marshal
Donor
Sep 25, 2017
5,682
17,881
2,875
RSI Handle
MrBambooza
Woah! Nice little crash this morning, I saw a few exchanges reporting outages due to volume.

Big liquidations for overleveraged longs no doubt.

SOL dumped and bounced all the way back
I wonder if they will introduce anything in the future as the SEC has on the stock market to prevent these kinds of large quick movements.
 
  • Like
Reactions: Vavrik

Montoya

Administrator
Staff member
Oct 31, 2013
9,917
54,301
3,055
RSI Handle
Montoya
I wonder if they will introduce anything in the future as the SEC has on the stock market to prevent these kinds of large quick movements.
I highly doubt it because it would require the cooperation of all the exchanges which will never happen.

For example, the NYSE sees a 7% crash, they halt for 15min. A drop to -13% will give you another 15min halt, and then a 20% drop will halt of the remainder of the trading day.

This allows news to disseminate, panic to settle and orders to be prepped to either buy or sell upon reopening.

In Crypto there is no single authority, so if Coinbase halts trading, everybody just goes to Kraken or what ever other exchange is still running.
 

Sirus7264

Space Marshal
Donor
Apr 5, 2017
3,364
11,193
2,800
RSI Handle
Sirus7264
Woah! Nice little crash this morning, I saw a few exchanges reporting outages due to volume.

Big liquidations for overleveraged longs no doubt.

SOL dumped and bounced all the way back

View attachment 21316
i panic sold at the lowest point.... so i took a huge hit lost all my profits for the last 5 months in 1 go hopeing it goes back down a bit so i can buy back in at a better price and take less of a hit. i feel so dumb.
 
  • Like
Reactions: Vavrik

Vavrik

Space Marshal
Donor
Sep 19, 2017
5,450
21,823
3,025
RSI Handle
Vavrik
i panic sold at the lowest point.... so i took a huge hit lost all my profits for the last 5 months in 1 go hopeing it goes back down a bit so i can buy back in at a better price and take less of a hit. i feel so dumb.
Reading the signs of a dip or spike is the secret. If you ever figure it out, make sure you remember to share with the rest of us.
 

Aramsolari

Space Marshal
Donor
May 9, 2019
2,228
7,593
1,750
RSI Handle
AramSolari
Woah! Nice little crash this morning, I saw a few exchanges reporting outages due to volume.

Big liquidations for overleveraged longs no doubt.

SOL dumped and bounced all the way back

View attachment 21316
Yeah I’m at work and almost spat my morning coffee out when I saw that.

Seems like we’re back up again.
 

zeddie

Space Marshal
Jan 22, 2014
628
752
2,430
RSI Handle
Test-Dummy
ALGO went up a lot! almost to parity with ADA!

edit: Just as I said this, it crashed...
 
Last edited:

Montoya

Administrator
Staff member
Oct 31, 2013
9,917
54,301
3,055
RSI Handle
Montoya
ADA is going to be a tricky one up here IMO

Smart contracts are now up and running, but who is going to be using them?

The foundations are down, now the need people to lay some bricks.
 

Sirus7264

Space Marshal
Donor
Apr 5, 2017
3,364
11,193
2,800
RSI Handle
Sirus7264
ADA is going to be a tricky one up here IMO

Smart contracts are now up and running, but who is going to be using them?

The foundations are down, now the need people to lay some bricks.
yeah i'm just holding for now things are starting to shoot up here i need to cancel my sell order.
 

BUTUZ

Space Marshal
Donor
Apr 8, 2016
3,402
11,392
2,850
RSI Handle
BUTUZ
The higher the better!
 

Sirus7264

Space Marshal
Donor
Apr 5, 2017
3,364
11,193
2,800
RSI Handle
Sirus7264
ADA isnt moving but for shits and giggles earlier this month i took 50 from ada and threw it in shib when it popped on coinbase. now its up 400% lol i'm not touching that though im going to let it sit and stew. my ada also i'm done moving assets around i'm just not good at it i'll play the long game.
 
  • Like
Reactions: Aramsolari and wmk

BUTUZ

Space Marshal
Donor
Apr 8, 2016
3,402
11,392
2,850
RSI Handle
BUTUZ
Long game is the only game. o7
 
  • o7
Reactions: Daft Olll

manuumanu559

Lieutenant
Oct 8, 2021
1
0
65
RSI Handle
manuumanu559
I think it's all marketing BS and whatever else to leverage the market for profit. It's common knowledge IMO for years that BTC and other proof of work coins use a lot of energy. Hell even the lottery ticket bases coins that supposedly were supposed to only use up space.. use a lot of energy. And energy has been mostly fossil fuel because nuclear scares everyone. New nuclear designs are more fail-safe so that might change in 10 to 20 years. I dunno, it's a complicated mess that has a lot of moving parts.
uc browser turbo jio login
 
Last edited:
Forgot your password?