RIP to Long Traders

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fewunderstandLegendary
Posts: 108 · Reputation: 5964
#1Apr 22, 2019, 10:01 AM
Man, the crypto market just tanked like crazy today, right? I watched everything drop by 20% and got completely wiped out. Liquidated all my long positions, old and new. Over a billion dollars gone! At this point, I just laugh at my losses. Taking a break from crypto for at least a month.
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#2Apr 22, 2019, 10:48 AM
Wait, why didn't you bail after the stock market crash last week? I mean, Bitcoin held up around 81-83K for a bit. Tough for spot traders but seriously brutal for those leveraging.
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0xAlphaNewbie
Posts: 35 · Reputation: 16
#3Apr 22, 2019, 01:10 PM
Yeah man, some win, some lose. This drop was coming after Bitcoin couldn’t break that $89K resistance for weeks. Now we see the first 'lower low' of the year. I’m glad I’m a long-term holder. Dipping prices mean I’m ready to buy more.
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shard_2013Full Member
Posts: 268 · Reputation: 287
#4Apr 22, 2019, 07:00 PM
I respect traders who know when to step back. If you’re in Bitcoin with low use, you shouldn’t get liquidated. But unrealized losses can sting too. I didn’t sell last night and woke up with a $5 loss, but hey, it’s down to $0.50 now. I believe in DCA, patience is key.
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fewunderstandLegendary
Posts: 108 · Reputation: 5964
#5Apr 23, 2019, 06:17 AM
I thought the crash was over two days ago, but I got greedy and didn’t set my stop-loss. Both Solana and SUI hit my liquidation prices and bounced right back. Now I’m starting fresh and definitely using stop-losses.
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0xChainLegendary
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#6Apr 23, 2019, 12:09 PM
I mean, it’s tragic for those who lost money, but honestly, if they didn’t understand liquidation risks, it’s kinda on them. They should’ve been listening to the right advice. They can take this as a lesson.
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#7Apr 23, 2019, 04:16 PM
True, but people often follow others blindly instead of understanding the market. Even so-called maxis were likely liquidated. My warning was about altcoins preserving funds should be the priority.
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nova69Member
Posts: 32 · Reputation: 174
#8Apr 23, 2019, 04:34 PM
Best bet right now is to step back from trading, reset your strategy, and focus on long-term investments. If trading isn’t working, I still believe in my long-term positions.
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serHero Member
Posts: 244 · Reputation: 2321
#9Apr 23, 2019, 06:51 PM
Greed is a killer in this game. I’m holding back from trading right now, waiting for the market to calm down. Still picking up a little Bitcoin here and there.
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wildaltNewbie
Posts: 78 · Reputation: 19
#10Apr 23, 2019, 09:09 PM
Just saw another $1 billion got liquidated today. Bitcoin dipped to $76K but bounced back to $78K. RIP long traders? Nah, if you know risk management, you have a stop-loss strategy. It’s not over yet.
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luckyhashMember
Posts: 14 · Reputation: 156
#11Apr 24, 2019, 01:43 AM
Crazy how Bitcoin dropped almost 10% and many altcoins plummeted 20%+. Future traders got wrecked. But short traders had a field day.
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fullnodeSenior Member
Posts: 188 · Reputation: 1205
#12Apr 25, 2019, 05:53 PM
Anyone who kept an eye on the Trump tariffs knew this was coming. I jumped out of my spot trades and moved everything to USDT.
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the_seedFull Member
Posts: 36 · Reputation: 725
#13Apr 25, 2019, 11:03 PM
Can’t blame you for being cautious. Futures are risky right now, especially with all the news flying around. Better to wait for calmer times.
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swifthawkMember
Posts: 1 · Reputation: 40
#14Apr 27, 2019, 03:57 PM
I bought some Bitcoin today at 70K euro. Not checking my wallets. It’s a rough time for crypto and stocks, only my bonds are doing okay.
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hawk_sageFull Member
Posts: 11 · Reputation: 556
#15Apr 27, 2019, 06:33 PM
I didn’t see the crash coming. Lots of futures traders got liquidated, especially those without stop-losses. I’m holding onto my spot trades for now.
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#16Apr 27, 2019, 08:35 PM
People need to connect the dots with Trump's statements and market crashes. One positive trade duty news could send the market skyrocketing.
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0xNovaFull Member
Posts: 45 · Reputation: 597
#17Apr 28, 2019, 01:34 AM
I saw the liquidation news too, and it’s shocking how much people lost. A tool that tracks potential liquidations would be super helpful.
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markchainSenior Member
Posts: 4 · Reputation: 1217
#18Apr 28, 2019, 01:56 AM
There are only two directions now: up or down. I don’t hold positions too long if they’re in profit. I’m locking in gains and keeping USDT ready for corrections.
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fullnodeSenior Member
Posts: 188 · Reputation: 1205
#19Apr 30, 2019, 02:54 AM
Yeah, this all started with those trade policies. Stock markets took the hit first, and crypto was stable for a moment. I think crypto will bounce back soon.
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0xByteMember
Posts: 33 · Reputation: 172
#20May 2, 2019, 02:15 AM
Not trading more than I can afford to lose. Not stressing over losses right now because I expected some downturn. I prefer holding over constant trading.
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