crypto
Discussions about crypto generally, from its use and tech to its culture and philosophy. Spammy talk about price, charts, gambling, etc. seriously discouraged.
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this was the biggest crush in crypto history > Average price drop was 62.99% yesterday > 2nd biggest drop in history was ONLY 40.87% (May 2021) > 10% of all coins dropped more than 85% this time. > the $19b liquidation estimate is far from reality > HL alone had $10b liquidations > considering other places and defi liquidations, we are talking about hundreds of billions of liquidations > most people lost money > even shorters didn't get much, many couldn't close positions on time. > market orders on binance just weren't working. some orderbooks were just empty. > altcoins dropped 99%, things like atom were 1 cent. but only limit orders could buy. > backpack took fresh deposits of users for their "debt" while it was the exchange having bad debt for bad liquidations > lighter vault lost 5% in 1 day > HL vault gained got 10% IN ONE day. though ADL cooked gains of many people's trades > in general most people lost money yesterday > kostya kudo managing 10 millions of crypto for Ukrainian intelligence ended his life in his lambo. > many similar cases of ending lives > while binance making huge profits arguably the biggest crash in crypto history. many speculate it was initiated by nance. This had nothing to do with trump, SP500 wasn't even affected much. if trump had such an effect, S&P would have crashed too.
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