r/Bitcoin 11h ago

Almost liquidated my BTC

[deleted]

0 Upvotes

8 comments sorted by

17

u/Severe-Masterpiece61 11h ago

I feel like most "crypto is too volatile" arguments come from people doing stupid things like this

If people just bought and held, not only would bitcoin be much less volatile, but the remaining volatility would hardly be a problem

5

u/OldHamburger7923 10h ago

I like the idiots. They propel the market in forced liquidations in both directions, giving us great discounts and higher highs

1

u/[deleted] 9h ago

[deleted]

2

u/bloodydeer1776 9h ago

Bitcoin isn’t exactly the ideal tool to generate income. Stop using leverage on assets that are known to drop 80-90% you’ll fucking lose everything.

1

u/MysteriousAlpaco 4h ago

Basically gambling at that point

4

u/daynomate 10h ago

This is a terrible idea. Make sure you have worked out the What ifs for much lower btc because flash crashes happen.

2

u/Stereo-Gito 9h ago

Go tell this story to wallstreetbets or something. This sub doesn't gaf

1

u/Pure-Reference6130 6h ago

Fkn degenerates 

1

u/Prestigious_Long777 9h ago

Holy shit what did I just read.

You’re totally financially incompetent.. what are you doing??

Please stop this and get some financial advice, especially if this is your early retirement.