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/biz/ - Business & Finance

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29908864 No.29908864 [Reply] [Original]

Euphoric, overleveraged shitcoiners that have been taking on way too much risk are getting decimated. Comfy as shit.

>> No.29909015
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29909015

>>29908864
>we're all gonna be rich
fucking retards, lmao

>> No.29909284
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29909284

>>29908864
co z

>> No.29909521
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29909521

>>29908864
Does anyone have a figure on the current amount of leverage?
Because after a certain point the crash can't be stopped except by a literal bail out. At least stocks had price floors at near fair value in 2008

>> No.29909590

I got into crypto just a month ago but been lurking since /biz/ was created. I am financially ruined.

>> No.29909781

This. I legit don't understand the panic. Sure it hurts opening your portfolio and seeing gains go from like 5x to 2 or 1.5x but the money I have in crypto is money I can afford losing and so far I'm still up 2.5x just in the last 2 months.

>> No.29909801

>>29909521
Doesn't matter if it crashes to 0, it'll go back up after everyone's liquidated and I will have loaded up on 1000s of BTC. Based free market, no bailouts.

>> No.29909819

>>29908864
I consider myself a bull but am somewhat risk averse and never touch leverage, so it's pretty fucking funny to see people like this get liquidated.

>> No.29909843

>>29909801
Nobody will touch BTC after that

>> No.29909863

>>29909843
Ok anon

>> No.29909866

>>29909781
what bout going from 100x back to 40x? For me it's much, much worse because i am dealing with life changing amounts of money

>> No.29909920

>>29909843
All who dont hold any btc now will enter then, all others will fomo back

>> No.29909929

>>29908864
if you derive your happiness from the suffering of others, you're miserable and pathetic, and you'll be left sad when everyone are happy.
don't bother responding, i won't be reading, and my finances are fine, thanks for asking.

>> No.29909957

>>29909920
>people will fomo back into Enron

>> No.29909979

>>29909866
You would sell if its really life changing, now when it dumped you emotionally react to previous highs as 'life changing'

>> No.29910007

>>29909929
HAHAHAHA!!!!!!!

>> No.29910033

>>29909957
>enrons timeframe was in a honky hyper clown world

>> No.29910120

>>29910033
The circus gotta end sometime. They pack up and you're just left with a empty lot filled with condoms and used needles .

>> No.29910159

>>29909866
I know doesn’t help, but you’re a retard for not diversifying/ de-risking if you truly had/ have life-changing money.
I have 15% of my net worth in crypto and I consider that a lot.

>> No.29910232

>>29909843
>this time it's different

>> No.29910337

>>29910232
>golden bull market will never end
is the real
>this time its different

>> No.29910409

>>29909957
There's nothing wrong with BTC, that's the difference. I'd FOMO on an Amazon flash crash that happened because of a liquidation cascade too.

>> No.29910418

>Salty no coiners taking over our board
The true state of biz

>> No.29910419

>>29910159
And if it truly is life changing money then you should sell some now. If you don’t then you haven’t learned anything.

>> No.29910477

>>29910337
how much do you have in boomer rocks kek

>> No.29910499

>>29910409
BTC only works via tinkerbell effect and you don't think that collapsing to zero would have no effect on that?

>> No.29910558

>>29910477
0
metalism is gay

>> No.29910571

>>29910499
It'd take a big hit and recover eventually

>> No.29910659

>>29910571
tulips never bounced.

>> No.29910752

>>29910659
Tulips aren't BTC. Truth is nobody can say for sure, but looking back BTC has bounced from some pretty brutal beatdowns. I don't think a liquidation cascade flash crash would be different. Wasn't there one a few years ago, or maybe it was eth?

>> No.29910776

>>29909590
based

>> No.29910781

>>29908864
Literally everyone and their grandma is still up on intial