Quote from: Tipstar on April 07, 2025, 08:13:09 AM

Almost all of crypto crashed 20% in an instance today, liquidating a large number of Long traders, I too lost all of my new and year old Long positions.
Reports claim over $1 billion has been liquidated. My share on that was a small amount. I'm now so used to being liquidated that I laugh at large traders loss than lament on mine own. I've decided to stay away from crypto at least a month before even thinking of whether to buy the dip or not.

https://cryptoslate.com/bitcoin-plummets-9k-as-trumps-tariffs-spark-over-1b-liquidation-frenzy/

This is why i always talk about not attempting trading if you know that you are not skilled at it yet, trading is a very risky venture to go into in the crypto space, there are some persons who has gotten the skill and are so good that even in the face of this loss some persons are talking about, they are making profits because they are in on a short trade but some other who has no better idea may suffer these losses because they don't have that skill to navigate the market in such a time like this.

if you see trading as a very risky venture just like me and you know you don't have the discipline and the heart to trade i always advise stick to buying and holding, that to comes with some risk but not as much as trading does, even in face of liquidation you have some little hope of possible bounce back but with trading its quiet different as you don't get to have that chance you liquidation closes your position and gives your funds to the market but if you had an asset you are holding if price gets up back you can bounce from a negative portfolio to a plus on you balance.