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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17331751 No.17331751 [Reply] [Original]

>sudden huge 10% drop in leveraged eth
>10k+ eth short set
>60m usdt suddenly minted, 20m were also suddenly minted before the last bitcoin dump
>exchanges shutting down, just like in the last dump
brace youselves frens

>> No.17331762

>>17331751
This not habben
This not frenpost

>> No.17331874

Fucking CZ that chink fuck with his insecure shit assed exchange!

>> No.17331935

>>17331751
I have been holding the same tiny link bag since just after ICO, been poor as hell and always afraid to swing. But things are rough right now and I had to sell a little to get by

I could either sell all my link in order to attempt a swing and recover my slight losses/increase my original stack, or just hodl.

If I sell in a swing attempt, even if LINK takes off without me (most likely scenario), I'll have enough to basically fix my life up, be out of the hole and start fresh.

I'm contemplating it, but I've been hodling for 2 years now and it's hard to make the leap

>> No.17332014

>>17331935
>I'll have enough to basically fix my life up
then do it
you will feel relieved

>> No.17332089
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17332089

>>17331935
A seismic move is coming. If you don't want to sell, you still only stand to win by setting a stop loss until it happens.
There's always a chance that this dildo is going to be upwards if that short was a coincidence. It seems absurd, but then again there was that one whale that got himself into -22m so anything is possible.

>> No.17332227
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17332227

>>17331751
>BNB was launched
>All the ETH raised from the ICO was sold to pump BNB. That ran out eventually.
>Then they used USDT and leverage to hold BNB up and stable above 0.1 ETH. But USDT got into trouble and is too jelly to print much more.
>BNB has now been starting to correct. Binance went all Xi-mode and closed the market and begged just a bit more USDT to be printed. This will prolong the big dump for a bit.

>> No.17332247

What do you want me to do about it? Sell everything I own and hoard gold and silver?

>> No.17332267

crypto markets are a fucking disaster, no self-respecting fiancial institution is going to touch it with a 10 foot barge pole as long as these scammy exchanges are around

>> No.17332279

The moment the exchange is back online I'm taking my linkies out to Coinbase. Trusting chinks only can end in disaster.