I have to admit I have lost ~0.4 Bitcoin in this liquidation (~ half of my "degen" stack liquidated at 104 and 101k..)
I should have stayed humble and stack sats. Not only sats lost but also lots of time wasted...
Discussion
😟Sorry to hear this and do so many others
Its a lesson.
I was heavily into altcoins 10 years ago .. So not even close to most expensive one.
My net worth is much lower then it was for few weeks in 2018.
Uf.
OMG, that’s quite a lot. 🫣
Does that change anything for you? Investment Strategy, Life (Hope not!).
Fingers crossed for all of us we will see upside again next.
As one guy in my "crypto" support group on tg told: if M2 is going up. Bitcoin is going up. Nothing has changed with this insta crash..
Yes its a lot. But I am still a "whole coiner" as my past self was not willing to gamble that away. At least for that I am grateful to him.
This perpetual futures are extremely dangerous. The thing is you are always fighting the funding fee and Bitcoin is mostly sideways.
I have been building my position for months, being carefull and keeping liquidation price well below anything that has occurred in recent years..
And then one morning I wake up and all is gone...
I got greedy and wanted to get to certain round number of #Bitcoin . Probably not going to happen now (unless I build some insane startup or something ..)
They said leverage is not the way to become OG.
They were right.
:D
(I still have my degen portfolio amount of value in MSTR, so maybe they will surprise ;) )
All the best! Keep stacking and away from leverage.