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Bambooza

Bambooza

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Sep 25, 2017
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MrBambooza
Montoya said:
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
Click to expand...
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

Montoya

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Staff member
Oct 31, 2013
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Montoya
Bambooza said:
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.
Click to expand...
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.
 
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Sirus7264

Sirus7264

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Apr 5, 2017
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Sirus7264
Montoya said:
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
Click to expand...
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

Vavrik

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Sep 19, 2017
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Vavrik
Sirus7264 said:
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.
Click to expand...
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.
 
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Aramsolari

Aramsolari

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May 9, 2019
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AramSolari
Montoya said:
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
Click to expand...
Yeah I’m at work and almost spat my morning coffee out when I saw that.

Seems like we’re back up again.
 
zeddie

zeddie

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Jan 22, 2014
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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

Montoya

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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

Sirus7264

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Sirus7264
Montoya said:
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.
Click to expand...
yeah i'm just holding for now things are starting to shoot up here i need to cancel my sell order.
 
BUTUZ

BUTUZ

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Apr 8, 2016
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BUTUZ
The higher the better!
 
Sirus7264

Sirus7264

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Apr 5, 2017
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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.
 
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BUTUZ

BUTUZ

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BUTUZ
Long game is the only game. o7
 
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M

manuumanu559

Lieutenant
Oct 8, 2021
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0
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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
 
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