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So, I'm still 3x on my money. Do you say sell right now because stuff is gonna go lower, or....
MATIC is still almost $2 which is cray.
MATIC is still almost $2 which is cray.
Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Sanrith Descartes
Von Clippowicz
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This is what is going to crush crypto. Its not like you can hedge your crypto positions. You are either long or... long.
Sanrith Descartes
Von Clippowicz
- 41,549
- 107,642
Edaw
Parody
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Sanrith Descartes
Von Clippowicz
- 41,549
- 107,642
So here is a question. Does COIN and the other exchanges have the liquidity to handle the redemptions and margin calls that cant be covered that are going to occur today?
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Furry
WoW Office
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They definitely have it ready. That's why they were begging for over a billion dollars of cash via bonds convertible to equity a couple days back.
Lambourne
Ahn'Qiraj Raider
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Kraken at least only allows margin trades on some of the larger coins. You can margin trade BTC and ETH but not Doge for example, and the margin requirement is larger for smaller cap coins so I'd think they have some risk assessment built in there.
Sanrith Descartes
Von Clippowicz
- 41,549
- 107,642
The waterfall is going to be epic when the margin calls hit. Wait how do margin calls work in crypto? Is it a trading hours thing or do they happen 24/7/365?
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Furry
WoW Office
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- 24,996
Sanrith Descartes
Von Clippowicz
- 41,549
- 107,642
COIN makes their money on trade commissions and fees. ITs getting sold down with crypto, but in reality it making cash on every one of these sales. There might be a decent move into COIN on this sympathetic selling of all things crypto.
Furry
WoW Office
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That's a mighty fine assumption that they responsibly kept all of their crypto saved up in vault of wallets and weren't trying to be clever about it and put it to work. That sure would be the godly and responsible thing to do with money.
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Reading Reddit Cryptocurrency, it looks like many major exchanges are buckled, and people are trying to BUY and can't. Looks like Coinbase is down, Binance is down, etcetera.
See daily discussion thread here:
See daily discussion thread here:
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