Hey guys. One last big dramatic post, even though it feels kind of awkward now since I had no idea I'd attract as much attention as I did with the one yesterday
. But a few people asked directly what happened and I feel like I ought to do this. (u/trb0x
The amount of self-reflection and encouragement I received was astonishing. And u/jtnichol
thank you for the gold! I’ve got a lot of respect for you as a moderator and you’ve been great pulling the sub together this last few weeks especially.
So I was going into the field for drill (National Guard Reserves US) and I wasn't going to have an opportunity to sell a little peth at a time and edge my liquidation down as u/TheRealDatapunk
suggested. When I got back today I saw the amazing reactions to my post and saw that the PETH/Eth ratio changed slightly to put my liquidation at 184.xx. As you guys may have seen, we went to 185.01 on Binance. I took advantage of this bounce to drop the liquidation price again to 165 by selling PETH bit by bit, I'll probably try to lower it further tonight, but I’ve made my peace with getting squeezed out if it happens. It still feels horrible to sell Eth for less than half my avg cost, but it is what it is.
I feel lucky (For now, although I know we are likely to keep dropping), and also awful for other people that got squeezed so far. u/JakovTheJakovasaur
, I hope you guys made it I really do. It got me thinking: Part of what grew Bitcoin into what it is today was the community. And this sub is a stellar (no pun intended) example of that. We're a community. We talk about the latest toys like Augur or God's Unchained, debate the politics of issuance and such, and provide support and advice for one another. We are all here because we saw the same thing and recognized its’ value.
These losses suck. We may love the tech but we all invested for the money. Like I said this has been a hard lesson, but even if ETH continues to tank and never recovers to ATH (I still know it can, but if it doesn’t…) then we’ll still be a community of people enthralled by the evolution of this wonderful protocol, and the crypto space in general. The ecosystem won’t die because the price can’t hit 1000 again.
Looking through the sub I can’t see how any but the most desperate and sadistic trolls would really be entertained considering how well people have been handling their liquidations and supporting one another. We are not undignified, we are not a laughing stock, because we knew what we were getting ourselves into when we signed up for this roller-coaster. I just want to emphasize again how blown away by what an amazing community this is, and I’m right there with all y’all with heavy losses. To answer u/91143fd7dc4a5c4e7e74
My loss so far is in the five-figure range. And is (was) most of my savings. It is more than some of you, and less than others.
I’m young and inexperienced. It isn’t the end of the world for me, and it isn’t for any of you either. Don’t let anyone make you feel bad about taking the gamble and putting your money where your beliefs were. Even if it only turned out to be a costly lesson. Take the lesson to heart. Be careful with leverage, diversify (Not just in coins, mind you), never assume you know how far the market “can” go, don’t dismiss the bears entirely, be scrutinizing about the timing of your investment, and don’t FOMO even if you think what you see is cheap. This isn’t your only opportunity to achieve wealth in life, and wealth isn’t all there is to life anyway. I think I am still gonna prowl the sub every so often, but I’m definitely taking a break.
Anyone that actually read all of this I hope you got something out of it, and l wish you the best! (Even the shorters…good game.)
Both Monero and Binance Coin continued to improve their standings in the market, as they attempted to regain control over key resistance levels. Moving averages for Binance Coin also confirmed the presence of bullish momentum. The Basic Attention Token (BAT) was seen consolidating near its support levels. Further with a persistent downtrend, a bearish outlook […] After last night’s first presidential debate between US President Donald Trump and former Vice President Joe Biden, crypto traders are betting that the likelihood of a Trump win in the election is far lower now than before the debate. Meanwhile, ... The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. If this opening sets the tone for the rest of the night, voters will be the ultimate losers in tonight’s debate. Fortunately, there was another side to it – one that genuinely won. Bitcoin. Donald Trump (left), Joe Biden (right). Source: USA Today The Key Takeaways from the Debate Last night, current United States President Donald J. Trump faced off against former Vice President and challenger Joe Biden in the first of three “Will you shut up, man?” “You graduated either the lowest or the next lowest in your class, don’t ever use Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an interview with Bloomberg Television. Demand is so high that the company is limiting new customers, he said, though Binance may fully reopen in the coming weeks. “We did not expect this kind of growth to be ...
Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... This week the Layer1 crew discusses the latest Bitfinex Social Media platform, a BTC Mining debate going into halving, $HIVE pumping 400+% on Binance listing... Robert Kiyosaki vs Peter Schiff Bitcoin debate Best Cryptocurrency Market Binance https://www.binance.com/?ref=25992167 Litecoin Donation Lge5Eqd4ohBgtMN1s48... The Gold vs Bitcoin Debate : Anthony Pompliano vs Peter Schiff - Duration: 54 ... #Binance Podcast Episode 5 - A Talk with Bitcoin Bull Thomas Lee about Wall Street FOMO - Duration: 35:36. Binance ... Bitcoin Pump oder Bullrun? Binance Hack Ethereum Futures Bitcoin Kurs Analyse Die große "Reorg" Debatte Hallo und herzlich willkommen zu unserem CM Wochenrückblick. 27.09.2019 - #Bitcoin #Altcoins #Trading Wir analysieren heute Bitcoin, Komodo, Chainlink, NEO und Binance Coin. Bitcoin & Altcoin Bollinger Band Indikator f... The best moments from The Pomp Podcast with CZ, Founder of Binance, the largest cryptocurrency exchange in the world by volume. In this video, CZ and Anthony discuss Binance acquiring ...