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

[uchegod-21]

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".

If you say it's not everyone that can be patient, then I wonder what they are doing investing in bitcoin. Let's just tell ourselves the truth. With the way bitcoin is now, we all do not have any other choice than to be patient. Patience is a major aspect of bitcoin investment. That is why investors are often advised to have long term mindset. If they cannot be patient, then, they should be concerned about their finance and health.

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.

The market has  way of humbling us when we tend to be over confident. Just when we were excited over the new ATH attained. This is not something to be frightened for.  Bitcoin will bounce back.

[adultcrypto]

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.

What happened was bound to happen, it was just waiting for the right reasons to trigger it. If you have been following, there was decline in volume which means the market needed a way to inject liquidity which is more money entering the market. The best way they do this is to dump the market and buy it at lower prices. Anyone thinking that the dump will lead to bear market is obviously not smart and the retails that sold definitely are the biggest losers. The market will bounce back stronger before the end of the year.

[Dunamisx]

I don't know if this fall has been the highest of all time, but am quiet sure that we have been having similar occurrences in this manner for some time.

Having this should not also come as a surprise to us, because we are dealing with a volatile currency, it can rise and at the same time fall as we may have it, we only have to be always prepared for it coming at anytime.

[slaman29]

I don't know if this fall has been the highest of all time, but am quiet sure that we have been having similar occurrences in this manner for some time.

Having this should not also come as a surprise to us, because we are dealing with a volatile currency, it can rise and at the same time fall as we may have it, we only have to be always prepared for it coming at anytime.

No need to wonder. Just go on market history and look for All history.

Hint, no need to look far just look for last cycle from 2021, there were daily drops of 15%++

So no, this is no the biggest fall in one day, and for sure not even in the past few days.

BTC hit ATH in 2017 and dropped 45% within a week.

[bitgolden]

I don't know if this fall has been the highest of all time, but am quiet sure that we have been having similar occurrences in this manner for some time.

Having this should not also come as a surprise to us, because we are dealing with a volatile currency, it can rise and at the same time fall as we may have it, we only have to be always prepared for it coming at anytime.

No need to wonder. Just go on market history and look for All history.

Hint, no need to look far just look for last cycle from 2021, there were daily drops of 15%++

So no, this is no the biggest fall in one day, and for sure not even in the past few days.

BTC hit ATH in 2017 and dropped 45% within a week.

Yeah, we have seen so many drops that was bigger, hell not too long ago just a few months ago we dropped from over 120k to under 110k and people are still acting as if this is the biggest. This overreacting is still annoying me and I have no idea the main core reason why this made people think this way.

I understand it may not be that crazy at the moment, but we should realize this isn't going to be that easy to fix, we have to consider this as different. I realize that this is going to be something that takes time, but that doesn't mean that we are going to accept the price as "lowest ever" or something next. Just realize that this is a normal drop, that happened a million times before, if you are not a newbie that started 2 weeks ago, you should know that.

[lizarder]

Yeah, we have seen so many drops that was bigger, hell not too long ago just a few months ago we dropped from over 120k to under 110k and people are still acting as if this is the biggest. This overreacting is still annoying me and I have no idea the main core reason why this made people think this way.

I understand it may not be that crazy at the moment, but we should realize this isn't going to be that easy to fix, we have to consider this as different. I realize that this is going to be something that takes time, but that doesn't mean that we are going to accept the price as "lowest ever" or something next. Just realize that this is a normal drop, that happened a million times before, if you are not a newbie that started 2 weeks ago, you should know that.

The decline is normal and it's part of the reaction to Bitcoin's trajectory which affects its performance in the market. Once people get used to these conditions, there's no bigger problem than taking advantage of the situation to buy. Some people panic in conditions like this, and that's understandable because they're unfamiliar with or perhaps new to Bitcoin. This is especially true for those involved in futures trading, where the consequences of a wrong entry position can be significantly greater affect losses and for those who invest long term this is normal and it's not a big problem.

The most important part of a downturn like this is capitalizing on the momentum, giving us the opportunity to buy larger amounts. Therefore, we need reserve capital to utilize during these downturns, as this provides an opportunity to increase our Bitcoin holdings. Panic will not provide any benefit and instead it is better to remain calm so that it does not affect the investment performance that we have been carrying out so far.

[Woodie]

That's why I hate the politics and it's unfortunate that we aren't immune from it and neither can we escape it 

Looking at how much the markets bleed from this, this is the reason some people don't jump on the bitcoin boat because it just seems so volatile and very easy to lose money if you are trading on a leveraged account...but I know crypto markets are cyclical and this will pass and we shall be celebrating some big moves soon.

[slaman29]

<>
BTC hit ATH in 2017 and dropped 45% within a week.

Yeah, we have seen so many drops that was bigger, hell not too long ago just a few months ago we dropped from over 120k to under 110k and people are still acting as if this is the biggest. This overreacting is still annoying me and I have no idea the main core reason why this made people think this way.

I understand it may not be that crazy at the moment, but we should realize this isn't going to be that easy to fix, we have to consider this as different. I realize that this is going to be something that takes time, but that doesn't mean that we are going to accept the price as "lowest ever" or something next. Just realize that this is a normal drop, that happened a million times before, if you are not a newbie that started 2 weeks ago, you should know that.

Exactly. The problem is people getting lazy and repeating mainstream media headlines. One guy says it, 100 people see it and without verifying or giving any context they repeat it and spread the FUD. This is literally FUD

I will never get people who 'invest' or 'trade' and then get so shocked by market making normal moves. Clearly majority people are just playing a game and sad they don't know the rules.

[Taskford]

<>
BTC hit ATH in 2017 and dropped 45% within a week.

Yeah, we have seen so many drops that was bigger, hell not too long ago just a few months ago we dropped from over 120k to under 110k and people are still acting as if this is the biggest. This overreacting is still annoying me and I have no idea the main core reason why this made people think this way.

I understand it may not be that crazy at the moment, but we should realize this isn't going to be that easy to fix, we have to consider this as different. I realize that this is going to be something that takes time, but that doesn't mean that we are going to accept the price as "lowest ever" or something next. Just realize that this is a normal drop, that happened a million times before, if you are not a newbie that started 2 weeks ago, you should know that.

Exactly. The problem is people getting lazy and repeating mainstream media headlines. One guy says it, 100 people see it and without verifying or giving any context they repeat it and spread the FUD. This is literally FUD

I will never get people who 'invest' or 'trade' and then get so shocked by market making normal moves. Clearly majority people are just playing a game and sad they don't know the rules.

The real problem many people think about those tweets release by those politician is gospel truth, that's why they got shake up once they release some bad news or tweets. This is really crazy behavior which lots of people need to change.

They can easily get manipulated if they easily get rattled with certain news came out. People need to learn not to become their exit liquidity and think more better so that these powerful people will not abuse them.

Majority of people just want to earn but they don't want to dive in on more technical side on trading and investing in Bitcoin.

[fillippone]

I have read countless pages on these 19B of liquidations.
The biggest event of liquidation in history was resolved by... a little dip barely noticeable in the big scheme of things.
Instead, no exchange was closed down, no market maker went bankrupt, and no fund collapsed.
What doesn't kill you makes you stronger.

[bitgolden]

The real problem many people think about those tweets release by those politician is gospel truth, that's why they got shake up once they release some bad news or tweets. This is really crazy behavior which lots of people need to change.

They can easily get manipulated if they easily get rattled with certain news came out. People need to learn not to become their exit liquidity and think more better so that these powerful people will not abuse them.

Majority of people just want to earn but they don't want to dive in on more technical side on trading and investing in Bitcoin.

Too bad that humanity is that easy to flock itself to politicians. I never understood people who LOVED trump for example. Because you should never love any politician, not Trump, not Kamala, not Biden, not Obama, NEVER trust a politician, and I mean NEVER.

So when you vote for someone, your mindset shouldn't be that you are voting for someone you love, you will be wrong, only vote because you think other side is even worse. If you voted for Trump because you think Trump is a piece of shit but Kamala was even worse, then you are on the right path, same goes for vice versa. As you can see, there are tens of millions of people who love him, and this is what he did, dude is only in it for himself and doesn't care about anyone else at all, never have, never will.

[Issa56]

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.

People never expected the dip, people were carried away by the increase in bitcoin price, and we never believed the market was going to crash all of a sudden, people’s prediction was bitcoin price to pump, but instead of bitcoin price pumping, United State news crashed the market, and lots of people got liquidated.

Why do you have to withdraw your money just because there was a dip in the market, if you are a investor you should be use to the dip already, so whenever there is dip in the market, you are not even suppose to be worried because you know if you can keep on holding, the price will bounce back. So whenever there is a dip in the market, what you are suppose to do is just to accumulate more coin if you are having extra money which you won’t be using with you.

[Odusko]

Looking at how much the markets bleed from this, this is the reason some people don't jump on the bitcoin boat because it just seems so volatile and very easy to lose money if you are trading on a leveraged account...but I know crypto markets are cyclical and this will pass and we shall be celebrating some big moves soon.

With Bitcoin we need to avoid trading leverage if we want to mentain a healthy mental health because the loses over their with derivative is massive and for that reason it could create a lot of kios for the traders if care is not taken, and spot market is the best and most preferred form sanity sake, leverage trading most especially anything above 10x is somewhat gambling and at that the chances of losing is higher compared to your chance to profits or win in the trade.

[slaman29]

Exactly. The problem is people getting lazy and repeating mainstream media headlines. One guy says it, 100 people see it and without verifying or giving any context they repeat it and spread the FUD. This is literally FUD

I will never get people who 'invest' or 'trade' and then get so shocked by market making normal moves. Clearly majority people are just playing a game and sad they don't know the rules.

The real problem many people think about those tweets release by those politician is gospel truth, that's why they got shake up once they release some bad news or tweets. This is really crazy behavior which lots of people need to change.

They can easily get manipulated if they easily get rattled with certain news came out. People need to learn not to become their exit liquidity and think more better so that these powerful people will not abuse them.

Majority of people just want to earn but they don't want to dive in on more technical side on trading and investing in Bitcoin.

I used to really worry about this forum leading newbies to start trading. I still try to protect it and do my part in not tricking more new people intro trading but as I grow older I realize the real problem is education and the psychology to ask questions and verify.

So if people do not have that psychology, then no matter what, they will always fall to something. Be it tweets, or forum posts, or even ads. Heck even chatgpt.

You want quick money better be prepared to lose money quick.

[BlackBoss_]

I have read countless pages on these 19B of liquidations.
The biggest event of liquidation in history was resolved by... a little dip barely noticeable in the big scheme of things.
Instead, no exchange was closed down, no market maker went bankrupt, and no fund collapsed.

On top of that, it's what we knew so far but in the near future, there is possibility of service closure, bankruptcy, whatsoever, let's wait for the dust to completely settles first.

Fortunately, with people who were not killed on that $19B liquidation historic day, they now are witnessing a most interesting phase in this market cycle, Euphoria phase will come soon after the biggest market washout not only in this cycle but in cryptocurrency market history.

In March 2020, after Covid-19 announcement from WHO and a 50% crash of Bitcoin, the Bitcoin market had a V-shaped recovery from which it went strongly to the moon without looking back.

What doesn't kill you makes you stronger.

It's true, but for people who lost all money and received not considerable compensation from Binance, it's painful losses and lessons for them.

[Taskford]

Exactly. The problem is people getting lazy and repeating mainstream media headlines. One guy says it, 100 people see it and without verifying or giving any context they repeat it and spread the FUD. This is literally FUD

I will never get people who 'invest' or 'trade' and then get so shocked by market making normal moves. Clearly majority people are just playing a game and sad they don't know the rules.

The real problem many people think about those tweets release by those politician is gospel truth, that's why they got shake up once they release some bad news or tweets. This is really crazy behavior which lots of people need to change.

They can easily get manipulated if they easily get rattled with certain news came out. People need to learn not to become their exit liquidity and think more better so that these powerful people will not abuse them.

Majority of people just want to earn but they don't want to dive in on more technical side on trading and investing in Bitcoin.

I used to really worry about this forum leading newbies to start trading. I still try to protect it and do my part in not tricking more new people intro trading but as I grow older I realize the real problem is education and the psychology to ask questions and verify.

So if people do not have that psychology, then no matter what, they will always fall to something. Be it tweets, or forum posts, or even ads. Heck even chatgpt.

You want quick money better be prepared to lose money quick.

Don't get worried on them since somehow they have due diligence to research those information they are receiving. If they fail to understand that there are some action done to manipulate them then result might come up bad especially if they keep listening then get panic with those temporary decline.

Their authority biases will give them bad result. If they understand that Bitcoin potential is more bigger than those manipulation done by by those politician for sure they will never get panic on the short dumps happen. But rather think about that those decline are perfect opportunity to buy and to earn once price recovers.

[Doan9269]

I can see that the market is already doing well and since it has reached upto $114,000 as at yesterday before correcting to $108,000 today, I still believe that we could achieve the best for this week before it ends seeing the market move ahead to something close to $115,000 or $117,000 this same week, we can choose to speculate for more possible outcome anyone may see from the chart performance, when market falls like this recent one, we should not run into fear, because that will be more risky than e even the fall from the market.

[fullfitlarry]

I can see that the market is already doing well and since it has reached upto $114,000 as at yesterday before correcting to $108,000 today, I still believe that we could achieve the best for this week before it ends seeing the market move ahead to something close to $115,000 or $117,000 this same week, we can choose to speculate for more possible outcome anyone may see from the chart performance, when market falls like this recent one, we should not run into fear, because that will be more risky than e even the fall from the market.

Sooner or later we will see that $114k and hold and support that line. Maybe right now the sentiments is still negative that's why when the prices pushes to that level, a collapse follow as everyone is likely wanting to make money and recover from what they've lost in the largest liquidations.

And if you look at the historical logs, -4%, that numbers is still small and I think we can recover it back in just short amount of time. Maybe before the end of the time, October will remain as one of the best month and ended up in green and net positive again.

[ancafe]

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.

Each person may have a different view in responding to the conditions that occur in bitcoin and generally we have one concept that we continue to maintain in carrying out our investment activities. But it looks even more stupid if conditions like this make someone withdraw or sell their bitcoin holdings because we know that bitcoin will always recover gradually when conditions return to normal.

It is better if we have the available money to buy again in conditions of decline because even if we don't implement long-term investments, you can also make a profit when prices rise again. It depends on how you plan your investment, but for me conditions like this are much better for buying than selling.

[JeffBrad12]

Sooner or later we will see that $114k and hold and support that line. Maybe right now the sentiments is still negative that's why when the prices pushes to that level, a collapse follow as everyone is likely wanting to make money and recover from what they've lost in the largest liquidations.

And if you look at the historical logs, -4%, that numbers is still small and I think we can recover it back in just short amount of time. Maybe before the end of the time, October will remain as one of the best month and ended up in green and net positive again.

There is some big short position opened recently in hyperliquid, it sparks some doubt in me but I guess since gold is tanking anyway, maybe there will be influx of capital where people rotate from gold to bitcoin and I can see that happening.

As long as there's no news about tariff or whatever it is that could put bitcoin's recovery to a halt market will be green, otherwise we might see second wave of similar dump which hopefully won't happen.