BTC down 10% just now - Why?

OptionsOptionsOptions said:
  • BTC down 10% just now - Why?
  • Took 2 minutes or so.
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Last I recall, BTC was at 62K or so on Friday close. What is the big deal if there is $6,200 drop? Isn't that normal in the BTC space?

Most folks have a consensus that it will reach $100K very soon.

10% drops. HAHAHAH! No worries, it will be back to it's ATH when the RTH opens on Monday morning. Mostly.
 
Overnight said:
Last I recall, BTC was at 62K or so on Friday close. What is the big deal if there is $6,200 drop? Isn't that normal in the BTC space?

Most folks have a consensus that it will reach $100K very soon.

10% drops. HAHAHAH! No worries, it will be back to it's ATH when the RTH opens on Monday morning. Mostly.
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I suffered an almost 65% drop in 6 days back on March 7th, 2020. I was up 5,000% 1 year later.

Talking about the downside volatility and not the upside volatility is extremely disingenuous and a heavy sign of cope.
 
Overnight said:
In India, the penalty for non-compliance can be severe.

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The "India has banned crypto" news story has recirculated about a dozen times since last year. Suddenly it matters to the market now? Please. Funding rates and leverage have been off the charts. This is spring cleaning in the deriv. markets.
 
Overnight said:
I did not realize the cryptos were derivatives. I thought they were their own markets. *shrugs*
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Yeah... well, there are spot markets and derivative markets, but you already know that. You are super salty though which is actually kind of fun to see.

Did you miss me? :D
 
krugman25 said:
Yeah... well, there are spot markets and derivative markets, but you already know that. You are super salty though which is actually kind of fun to see.

Did you miss me? :D
More...

I miss people who think I post information (or feedback, or humor) that makes them go "Hmmm". I like to get people's brains fizzing. Like that fizzy feeling they might get when driving an exotic hypercar or something.

I vaguely recall your posts in the past, and have not seen them for quite a while.

I DO miss people who can argue on the level of cyborg, with no emotion. I am still capable of that level of stoic and aloof discussion. There are very few people left here who still have that level of emotional detachment to certain emotionally-charged issues.

I'm guilty as sin of going off the rail at times. But hey, returning old blood is good. Adds more salt to the diet. :-)
 
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