Bitcoin crash sparks largest liquidation in history -$19B gone and counting

[fuguebtc]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

This will depend on your strategy and goals. If you have long term goals in the next 5 to 10 years, you should take advantage of a time like this to buy. But if your goal is to sell everything and make a profit before bear season hits, I don't think buying now is a good idea.


Although the bull season may not be over yet and bitcoin has the potential to grow and reach new ATHs. But clearly the risk is greater than the return you get. Because historically, the bull season is coming to an end and the bear season can come at any time.

So, depending on each person's plan and goals, there will be appropriate actions.

[EluguHcman]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

The decision is yours because each of us has different thoughts about bitcoin. If you no longer believe in bitcoin or think the bull run is over, you can sell and leave the market temporarily. But if you believe that the bull season is not over yet, bitcoin will soon rise again. DCA is the right thing to do now instead of waiting because the recovery can happen quickly and you will miss the opportunity.

Personally I feel the bitcoin drop, liquidation and market reset is a good thing and a good time to buy more.

Obviously the turned down due to significant to sell-off of Bitcoin users which may either be influenced by FOMO and believe the $125K ATH is a benchmark for this bull season after volatility has shown different forces in several times and the same $125K is seemly a custom price projected for the season. Although, those are strictly enthusiasts or Bitcoineers who believes price manipulations is the most driving force of Bitcoins price than the underlying demands and supplies.

The spark of the massive sales that leads to the significant price drop could also be that investors may have reached their investment target to take profits. So no need holding longer while understands that volatility could knock them out if they don't to take immediate action to sell at the approach appropriate time.

The Dip on Bitcoin markets may encourage more buying order because it is an opportunity to buy on the chat while in other words may discourage investors but those who understands the concept of it volatilities will always buy and or holds firmly towards their goals. So it is always individual decisions on what to do by the Dip because the most important is to avoid regrets.

[justdimin]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

Liquidation is causing further drops is the biggest obstacle against bitcoin growing. Because it is not just people who sell bitcoin that cause it to drop, while that may sound like the reason but it is not. The reason why the price is dropping is because we are seeing how things could change, so we shouldn't really consider liquidation as good for any direction.

Because when people sell, the price drops, and when price drops, some long futures gets liquidated, and when that happens, the price drops more, and until we stop that somewhere it keeps doing that. Getting 20 billion being sold in under 10 minutes is not something we can accept. The further trouble is the fact that we are not getting rid of this liquidation possibility at any soon time.

[Orpichukwu]

In cryptocurrency, if you don't want to take much risk, don't go into trading and don't invest on altcoins to that extent, concentrate more on bitcoin investment and hold, whenever the market falls, it also requires that we don't rush to sell, but hold and wait till the market pumps, this is what is expected of us to do in times like this, while trading could take more risk to lose more as it also present the chances of earning more from it.

Everything in crypto investment is all about risk; even Bitcoin is not risk-free. We just need to invest what we will not have to panic about when a situation like what happened yesterday happens. We will be ourselves and treat the market cautiously, not panic-selling as a result of not knowing where the market is heading next but just holding our ground with whatever decision and plan we have.

[Majestic-milf]

 Honestly, no one saw this coming because one day, it recorded a high of $126k and then the next it nosedived to $110k . This is about the lowest we've seen Bitcoin get to since August and this one that it's because of the trade wars that has gotten investors panicking, I wonder when we'd be getting good news on its rise.
 It's at times like this that we need to accumulate even though the market can be depressing and discouraging to even buy being that some fear that it might drop further but at least it has gained a bit since price has moved up to $115,126 as at time of writing.

[Mr_Brilliant$]

In cryptocurrency, if you don't want to take much risk, don't go into trading and don't invest on altcoins to that extent, concentrate more on bitcoin investment and hold, whenever the market falls, it also requires that we don't rush to sell, but hold and wait till the market pumps, this is what is expected of us to do in times like this, while trading could take more risk to lose more as it also present the chances of earning more from it.

Bitcoin still remain the safest one in the whole crypto space..  Trading and Altcoins is always very risky, especially for people who can not handle market swings… The best move sometimes is just to buy Bitcoin, relax, and let time do the work for you..
Whenever the market goes down, that is not the time to panic or sell,  it is actually the time to stay calm and hold..  History has shown that Bitcoin always finds its way back stronger after every fall.. Patience can really pay in this game..

[uchegod-21]

Honestly, no one saw this coming because one day, it recorded a high of $126k and then the next it nosedived to $110k . This is about the lowest we've seen Bitcoin get to since August and this one that it's because of the trade wars that has gotten investors panicking, I wonder when we'd be getting good news on its rise.
 It's at times like this that we need to accumulate even though the market can be depressing and discouraging to even buy being that some fear that it might drop further but at least it has gained a bit since price has moved up to $115,126 as at time of writing.

Yea, no one truly saw this coming, but these should not be enough reason to panic. Experienced investors who have been consistent over the years know that bitcoin has always recovered after major corrections like this. This time, it will not be different.  Rather, this  should be an opportunity for investors to enter into the market and buy as much as they can because profits are just waiting at the corner. The greatest strategy we can rely on right now is patience and a good dose of consistency.

[retreat]

-snip-
What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

The Bitcoin market crashed quite deep, wiping out $19 billion in value in a single day following those moves. However, this wasn't the worst crash, and compared to previous crashes, this time the drop wasn't as significant, but the losses were still quite substantial. The Bitcoin market is now gradually recovering, and Bitcoin is now sitting at around $115,000 USD - a relatively rapid recovery, with upward movement expected.

So, for now, it's best to continue accumulating and avoid panicking over short-term market volatility. Everything will be fine if we hold on and don't sell.

[2Pizza410000BTC]

According to coin market cap, bitcoin price has dumped significantly, taken one of it's most painful bearish movement in recent times, plummeting from over $122000 to $105000 on some exchanges and extend to as low as $101000 on other exchanges.
Check on this link for full details of the news:https://coinmarketcap.com/community/articles/68e9f255db8809059ca76730/

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

The dumping that happened two days ago will be the best dumping in history so far because in this dumping, $19 billion of futures traders were liquidated which did not happen even in the FTX bankruptcy Covid 19 and Luna scandal. This dumping was harmful for me because I was in futures trading. I was liquidating there even though my balance was above $150. However, this dumping market was a time to take advantage of an opportunity but we may not have been able to take advantage of this opportunity because we did not have enough dollars in savings. If I had enough dollars in savings then of course I would not have missed this opportunity. I would have definitely bought Bitcoin.

[Free Market Capitalist]

Odd right biggest liquidation dropped it by about 15%, that’s fuck all tbh dip for ants

It probably is in absolute terms, in terms of billions, but obviously not in percentage terms, as you point out.

What do you think about the present bitcoin crash right now?

Nothing, just business as usual.

Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip?

If you do DCA, you can forget about it and keep doing the same thing, or even take advantage of it to buy extra if you have the money. I don't even think about selling.

[lizarder]

According to coin market cap, bitcoin price has dumped significantly, taken one of it's most painful bearish movement in recent times, plummeting from over $122000 to $105000 on some exchanges and extend to as low as $101000 on other exchanges.
Check on this link for full details of the news:https://coinmarketcap.com/community/articles/68e9f255db8809059ca76730/

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

The price crash that occurred in recent days has shaken the market, and many people have lost money due to the liquidity crisis caused by the decline. The important lesson we've seen so far is that chaos can lead to significant losses, and this isn't limited to small investors; even large, more experienced investors have experienced the same thing. However, the difference lies in the varying amounts of losses, which is quite concerning. This is because so many people have suffered significant losses in crypto so quickly that it's understandable to say it's quite risky if not careful.

I saw a man found dead in his supercar after losing a significant amount of money in the Bitcoin crash, and I don't know if the news was true or not. If someone isn't prepared to accept the situation, the consequences can be fatal. Losing money in a relatively short time can trigger excessive depression if not handled properly, although many others have experienced financial losses but are able to accept the reality calmly.

[rbynxx]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

I think it's just a normal thing, it's still kicking volatility tbh and the market was just panic selling over that Trump announcement which I think was just proxy trade war. I don't think it's the right time to sell, probably a start to buy scenario, they'll definitely made a resolution over that one. It's just sad people kill themselves when in fact it's reversing once again. Well, max leveraging isn't for the faint of heart but killing yourself isn't the answer.

[khiholangkang]

DCA is a must without a doubt but also keep an eye on your risk levels. If you have too much money on alts, consider trimming them. It is a bit late to do this though most of them have made a nose dive against bitcoin but some of them at least partially recover and that will be your chance to redistribute your portfolio. If you put too much money on alts, that means you are taking too much risk. You may lose your money in alts, that the risk and we have seen it very clearly recently. Some alts literally grounded, went to zero on binance. It is because every alt has a btc pair and when btc makes a sharp move downwards, all the alts “die”

It's not good to allocate large funds in bitcoin, especially if your altcoin portfolio is much larger than bitcoin, really they don't know how to appreciate what is truly valuable in the blockchain world, bitcoin has always been the main one and will continue to be the main one, those who hold altcoins with the awareness that the possibility of bigger profits because the price is much cheaper are stupid and I'm sure those who do this haven't been in the crypto market for long, they are newbies who want big profits over time  the fast one.

We must continue to say that we should allocate a small amount of funds in altcoins and never hold them in the long term unless you are ready to lose your money in them, it is a big bet.

[BABY SHOES]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

Do you want to be a trader or a holder? A trader will panic... while a holder will not sell; they will continue to buy when prices fall.

Market crashes are not a problem, even if they result in massive liquidations in history... but it is only traders who panic who will suffer huge losses when the market crashes, as we saw yesterday there was even news of a billionaire who died in his car after suffering huge losses.

A HODLer won't panic even if the market drops.

[tygeade]

Reaching bad periods in crypto world is a common thing and not a big deal. I understand not many may like it, but we have to accept that it's a part of it. If we can get over these days, usually there is money to be made from these periods. So many people wait for chances like this, to be able to buy more so that they can profit more when it goes up.

We are not that much down, we were at these prices not too long ago, so it is not really a bad period to realize that ups and downs do happen and we are going to go up again just like how we went down. If we can wait for it, then we can profit. The doubt in your mind telling you that it may not recover and it may go further down, is the reason why you may end up losing profit.

[Smack That Ace]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

I think it's just a normal thing, it's still kicking volatility tbh and the market was just panic selling over that Trump announcement which I think was just proxy trade war. I don't think it's the right time to sell, probably a start to buy scenario, they'll definitely made a resolution over that one. It's just sad people kill themselves when in fact it's reversing once again. Well, max leveraging isn't for the faint of heart but killing yourself isn't the answer.

If we look at the bitcoin price drop alone, we can consider this normal because bitcoin's drop from $121k to $102k was only about 15%. This is something that has been common in bitcoin in the past, but what is unusual here is that the liquidation amount is up to $19 billion or even more. This is the biggest liquidation and many times bigger than the Covid crash or the FTX collapse. This is clearly manipulation, not panic selling, so it cannot be called normal.

But I agree with you, this is not the time to sell but the time to continue buying or holding tight to what we have. Because usually after such a flash crash, the market will recover and grow very strongly.

[adaseb]

Honestly this crash was nothing like the Covid crash of March 2020. Sure you had useless meme tokens heading to 0 but those are very illiquid and small cap coins. In March 2020 you had the largest crypto currency, Bitcoin about to head to 0.

If it wasnt for Arthur of Bitmex pulling the plug and shutting down the exchange for a short while, who knows how low bitcoin could of went. People kept buying on Bitmex and trying to arbitrage and it made it worse because it kept lowering price on other exchanges. Eventually it would of made the situation worse.  I remember seeing a bunch of $10,000,000 liquidation orders and basically a bid book of near 0.

This flush was needed. Too much garbage thats worth billions that produces nothing these days. Just like in stocks with the AI bubble.

[Majestic-milf]

Yea, no one truly saw this coming, but these should not be enough reason to panic. Experienced investors who have been consistent over the years know that bitcoin has always recovered after major corrections like this. This time, it will not be different.  Rather, this  should be an opportunity for investors to enter into the market and buy as much as they can because profits are just waiting at the corner. The greatest strategy we can rely on right now is patience and a good dose of consistency.

Well said. Although to be frank, it's not everyone who can have that patience that's why you see them panic selling at the slightest dip and these ones often miss out on buying while the market is down because they rather prefer to wait till the market is stable. Since to them that's when it feels safe to enter. I'm very optimistic that this is just temporary and we'd see gains before the month runs out. October is often favorable for price hence the nickname "Uptober".

[slaman29]

Honestly, no one saw this coming because one day, it recorded a high of $126k and then the next it nosedived to $110k <>

Yea, no one truly saw this coming, but these should not be enough reason to panic. <> profits are just waiting at the corner. The greatest strategy we can rely on right now is patience and a good dose of consistency.

Not no one. Just not most people cheerleading like on this forum

Guess we all forgot in 2017 on the same week after reaching ATH, BTC dropped 45%?
Guess we are so quick to forget about Do Kwon and SBF and Celcius and -15% BTC drops became pretty common in these 2 years

I mean, come on, if we are so used to seeing +10% gains in a day, and we can say 'we saw it coming', then surely we can also say we can prepare for the opposite?

This is just a small drop, and now bouncing back a bit.

[Mahanton]

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

I think it's just a normal thing, it's still kicking volatility tbh and the market was just panic selling over that Trump announcement which I think was just proxy trade war. I don't think it's the right time to sell, probably a start to buy scenario, they'll definitely made a resolution over that one. It's just sad people kill themselves when in fact it's reversing once again. Well, max leveraging isn't for the faint of heart but killing yourself isn't the answer.

If we look at the bitcoin price drop alone, we can consider this normal because bitcoin's drop from $121k to $102k was only about 15%. This is something that has been common in bitcoin in the past, but what is unusual here is that the liquidation amount is up to $19 billion or even more. This is the biggest liquidation and many times bigger than the Covid crash or the FTX collapse. This is clearly manipulation, not panic selling, so it cannot be called normal.

But I agree with you, this is not the time to sell but the time to continue buying or holding tight to what we have. Because usually after such a flash crash, the market will recover and grow very strongly.

What’s happening right now looks scary on the surface but if you’ve been in the crypto space for a while it’s really nothing new Bitcoin has always moved in waves sharp rises followed by sudden crashes and this drop from around 121k to near 100k fits that same pattern volatility is part of its nature but what makes this crash stand out is the huge liquidation volume nearly 19 billion that’s a massive wipeout and points more toward manipulation and overleveraged traders getting caught than genuine panic selling. These types of events usually start with a trigger like the Trump tariff news but they get worse because so many traders use high leverage once the market dips even slightly it sets off automatic liquidations which push the price down even more that’s why it feels so sudden and dramatic.

As for whether it’s time to sell or buy it depends on your mindset if you’re here for the short term and can’t handle more drops maybe it’s better to stay out until things stabilize but if you’re holding long term this kind of dip has always been an opportunity historically after every big crash Bitcoin has bounced back stronger it’s just a matter of patience. The smartest move right now is probably to hold or slowly accumulate through DCA not rushing to throw in everything at once but buying small amounts during dips that way you benefit if the price goes back up but also reduce risk if it falls more selling during a crash usually leads to regret because you’re locking in losses while the long term trend of Bitcoin has always recovered.