Started By
Message

re: Official CryptoTalk Thread

Posted on 10/9/25 at 7:54 am to
Posted by beaverfever
Arkansas
Member since Jan 2008
35549 posts
Posted on 10/9/25 at 7:54 am to
Silver entering parabolic stage. Btc might not be that far behind it. This silver run could end up taking first prize this bull market. Think it’s got plenty of room to run.
Posted by beaverfever
Arkansas
Member since Jan 2008
35549 posts
Posted on 10/10/25 at 2:52 pm to
Fridays have been a complete shite show in 2025. One bloodbath after another.

It felt like we had to cover $116k-$120k at least one more time either way.
This post was edited on 10/10/25 at 3:46 pm
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 10/10/25 at 3:58 pm to
I think I need to quit checking the chart for the day. Every time I check, it's still going down.
Posted by CE Tiger
Metairie
Member since Jan 2008
41886 posts
Posted on 10/10/25 at 4:21 pm to
What the fricking frick
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14494 posts
Posted on 10/10/25 at 4:22 pm to
Nearly $10k drop in 10 minutes is wild
Posted by FireGoodell
Member since Mar 2019
8478 posts
Posted on 10/10/25 at 4:29 pm to
Haven’t seen a drop like that, that fast in a while
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82086 posts
Posted on 10/10/25 at 4:33 pm to
Holy hell
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 10/10/25 at 4:48 pm to
These are crypto-winter type drops.

One day, people will realize giving unchecked power to a 79 year old is a bad idea.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10607 posts
Posted on 10/10/25 at 4:49 pm to
Hopped back on the volatility trade. I was short and closed around noon. AS per the norm, I should have waited longer.
Posted by castorinho
13623 posts
Member since Nov 2010
86849 posts
Posted on 10/10/25 at 5:46 pm to
Got liquidated on a couple of positions for close to 200k. Ironically biggest one was hyperliquid. Brutal
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 10/10/25 at 6:09 pm to
quote:

Hopped back on the volatility trade.
Dang, I was out fishing today and didn't find out about the drop until after the market closed. If Bitcoin stays below $119K before market open on Monday I will buy some more BITX. This kind of volatility is where I make the most money, trading in and out of BITX as Bitcoin does it's thing. Right now I'm sold out of all of my BITX positions with max trading cash waiting for any dip. I missed the boat this afternoon to make at least one incremental trade. It's ironic that I was on a boat when "I missed the boat".
This post was edited on 10/10/25 at 6:16 pm
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 10/10/25 at 6:24 pm to
Ouch. Yeah, leveraged longs got absolutely wrecked the evening. It went down too fast for people to cover. Current 24 hour rekt chart shows $8 billion in longs and $1.5 in shorts got wiped out today.
Posted by beaverfever
Arkansas
Member since Jan 2008
35549 posts
Posted on 10/10/25 at 6:46 pm to
I don’t understand betting against the exchanges. That’s just a losing proposition.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10607 posts
Posted on 10/10/25 at 7:14 pm to
I should have gone long at 111ish. I make a lot more on IBIT options than I do on futures contracts. Of course I have mixed emotions since I’m always long physical BTC.

I’m also toying with the idea of selling my silver. The Russian expert on here called me a contrarian indicator once upon a time. lololol.
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 10/10/25 at 7:34 pm to
quote:

Of course I have mixed emotions since I’m always long physical BTC.
Yeah, my mindset is that I am perpetually long on my actual Bitcoin and BITO shares, and I never am concerned about any pullbacks no matter how severe the pullback is. I'm not selling, so I have zero concern. I just concentrate on trading between BITX and my trading cash. I put all of my profits split between more BITO shares, more retirement (spendable) cash and more trading cash. I switch my BITO dividends between reinvestment and cash as I see fit. My goal is to add more cash and more BITO shares every month no matter how much money I spend.
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 10/11/25 at 6:51 am to
Lots of theories about yesterday are making the rounds on cryptotwitter this morning: Whale games, technical issues, algos run amok, etc. Did Trump insiders crash it on purpose? Did Binance/CZ purposely dump? Was it a technical issue on Binance that spread across the market? Did AI bots over-react? Whatever it was, it was the biggest in a good while, and there was no real reason for such a large drop.

We want a reason to justify it, and some want someone to blame. It is what it is, and I've been around long enough to just shrug it off, but it is curious. I hope for a green day, be it ever so small.
Posted by Cockopotamus
Member since Jan 2013
15968 posts
Posted on 10/11/25 at 9:18 am to
quote:

Lots of theories about yesterday are making the rounds on cryptotwitter this morning: Whale games, technical issues, algos run amok, etc. Did Trump insiders crash it on purpose? Did Binance/CZ purposely dump? Was it a technical issue on Binance that spread across the market? Did AI bots over-react? Whatever it was, it was the biggest in a good while, and there was no real reason for such a large drop.

We want a reason to justify it, and some want someone to blame. It is what it is, and I've been around long enough to just shrug it off, but it is curious. I hope for a green day, be it ever so small.


Lol there’s no mystery. It was Trump announcing 100% additional tariffs on China effective November 1.

All markets were down bigly yesterday and it’s the same reaction to the tariff announcements on liberation day back in the spring
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10607 posts
Posted on 10/11/25 at 10:00 am to
I think you're correct. Which also makes me speculate that at some point the volatility trade, long this leg, is going to be a good trade. Up to, and unless the tariffs never materialize, or get backed down.

Not sure what the entry point is however. I have open orders at $110K.
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 10/11/25 at 6:41 pm to
Agree. I just know that Bitcoin's price is always going to be impacted by good or bad news. It doesn't matter what the news is, it's just 100% dependable for news to cause Bitcoin price swings. It used to bother me. Now I love the volatility, but I still always want Bitcoin to continue to rise significantly over time.
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 10/12/25 at 1:03 pm to
quote:

Bottom line: A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.

Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.


Loading Twitter/X Embed...
If tweet fails to load, click here.
first pageprev pagePage 2234 of 2240Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram