Bunch of people chasing fiat gains being shaken out right now
Took a loan on eg Ledn to “never sell their Bitcoin”
But now being margin called and selling their sats to cover the debt
Which was probably spent on a holiday, a car, school fees
Interesting times
Some people learn the hard way. I was “some people” 3 years ago. Never again. 😂🤣 God speed to all of them. May they come out of this trial refined by the fires they cast themselves into.
Your biggest losses are your best lessons
So in some senses it's actually a good thing
My margin call is at $69K
It's actually 68.4 but 69 is much easier to remember. 😂
Great now we are going there
Sometimes you can't help but touch the stove.
Sometimes you have to touch the stove
My personal feeling is that this is a 30/35% pullback, before we kick on
But who knows
69k is safe for now!
Yeah same.
I know what I'd do if it kept dropping.
I would chase that bet to the point of ruin if I had to. It's knowing this that makes me realise what a trap debt can be.
In for a penny, in for a pound.
I'm sympathetic. They believe in something and put their money where their mouth is. Bold strategy, etc. A leveraged long that goes right is a hell of a drug. Even if they are shaken out, they're still right but just got the timing wrong.
Yeah I am with you Dave. I am sympathetic as well
Taking risk is what life is all about
The key is how they react to this
One option: do it again... double down
I wonder how many go for that!
