Bitcoin Flash Crash Coming?

AtomicPiss

https://www.youtube.com/watch?v=G4pye6894e0

greenblood

I strongly feel this may happen. When you have high leverage, all it takes is a couple of whales to dump 15-20% of their capital to cause a massive sell off. They then go in and buy 1.5x the amount of Bitcoin for the same total cost that they originally received from the prior sale.

Whales don’t really care what the price is. They acquire their wealth through accumulation. This is the way they can do it, without having to invest any additional capital. Kind of fucked up when you think about it. Let small retail build it up, then dump the shares, and buy small retail’s shares at a discount.

BleachedAnusDawg

greenblood said:

I strongly feel this may happen. When you have high leverage, all it takes is a couple of whales to dump 15-20% of their capital to cause a massive sell off. They then go in and buy 1.5x the amount of Bitcoin for the same total cost that they originally received from the prior sale.

Whales don’t really care what the price is. They acquire their wealth through accumulation. This is the way they can do it, without having to invest any additional capital. Kind of fucked up when you think about it. Let small retail build it up, then dump the shares, and buy small retail’s shares at a discount.

Kind of the same concept of buying distressed assets and then parting them out, except in this case the whale is causing the asset to tumble in the first place.

greenblood

BleachedAnusDawg said:

greenblood said:

I strongly feel this may happen. When you have high leverage, all it takes is a couple of whales to dump 15-20% of their capital to cause a massive sell off. They then go in and buy 1.5x the amount of Bitcoin for the same total cost that they originally received from the prior sale.

Whales don’t really care what the price is. They acquire their wealth through accumulation. This is the way they can do it, without having to invest any additional capital. Kind of fucked up when you think about it. Let small retail build it up, then dump the shares, and buy small retail’s shares at a discount.

Kind of the same concept of buying distressed assets and then parting them out, except in this case the whale is causing the asset to tumble in the first place.

Kind of fucked up when you think about it