RE: RE: The Aftermath Of Yesterday' Events
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RE: The Aftermath Of Yesterday' Events

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5y

How the hell are you going to know what a stop loss is?

A "stop loss" order is to sell when an asset price starts to go down by some percentage from its high. This sounds like buying high and selling low but the idea is that if the pricing of an asset is flying above the price it should be at, we take advantage of the mania by holding it until the price changes from rising to falling. So after a 1% loss in price, sell into usdt and let the paper hands push the price down so you can buy back in. The problem is that 1% loss in the day could be a simple hiccup in crypto and you lose out on future gains as it heats up again.

Manipulators of the market can push the prices down to trigger these stop loss orders and that might be what is happening as well. Rather than only panic from humans its also an algorithm reacting to the end of the rally.


@leprechaun: How the hell | Ecency