Crypto discussion

Bambooza

Grand Admiral
Sep 25, 2017
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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.
 
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Montoya

Administrator
Staff member
Oct 31, 2013
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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
3,046
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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.
 
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Vavrik

Space Marshal
Donor
Sep 19, 2017
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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.
 

zeddie

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

edit: Just as I said this, it crashed...
 
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Montoya

Administrator
Staff member
Oct 31, 2013
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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
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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.
 
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