I kinda feels like right now would be a good time to take some leverage based on the fact that everyone seems to agree it wouldn’t be. lol

Replies (39)

Really even better would be a solid exchange liquidation. Waking up to see Coinbase dead in the street would be a dream.
Benking's avatar
Benking 2 months ago
Classic BTC move: when everyone’s scared, we HODL and sometimes leverage.
Bobby's avatar
Bobby 2 months ago
Because this is the bottom, right?!?? Right?!?!!?
I'm naturally a contrarian, so I get it, but leverage is the leading cause of death for speculators. The next support zone is around $80k The one below that is around $60k. If you use leverage, make sure you're protected from a worst case scenario. The current reality: There's no positive macro or significant Bitcoin narrative catalysts on the horizon. The v30 / UASF drama has the potential to become a mainstream narrative, particularly if there's legal attacks related to illegal content on nodes. The execution of a UASF could also become a mainstream narrative. Just the potential for v30 legal attacks and/or a UASF entails a lot of uncertainty, and big money avoids uncertainty. The housing market has already started to roll over. The stock market has been looking toppy and may be in the process or rolling over. The DOW effectively just declared war on Venezuela. There's an ongoing right wing political schism and the "non-existent" Epstein files are starting to come out. $2k stimmy checks are likely prior to the midterms (for imcome under $100k) but most of these people don't have enough discretionary to put that into Bitcoin. At the current market cap, that's not going to move the needle. According to Arkhaven data, MSTR is reducing their position (publicly denied by Saylor, he says they're buying more) All ETF funds currently have net outflows. --- I'm confident we'll eventually have a $1M Bitcoin party, but it's a notoriously volatile asset and there's no reason not to expect the rollercoaster ride to continue. Not trying to FUD - I just want to see everyone at the party Leverage (or avoid leverage) accordingly.
Johnny's avatar
Johnny 2 months ago
Liquor, Ladies and Leverage = ⚰️💀
Cobweb's avatar
Cobweb 2 months ago
I'm still levered up since $105k. I'm tired boss.