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@ChillpillCrypto @SteveRyanPoker @martypartymusic A salute to your brain; you're doing an amazing job, and it's truly appreciated!

@xuser659358 @SteveRyanPoker @martypartymusic Nope thats just me and my brain. Unless you mean my avatar, which I created with adobe AI.

Why is crypto so volatile? Crypto volatility is due to the sheer volume of leverage bets sold to gamblers who bet the price of the crypto will go up or down. The casino aka crypto exchange lends anyone 2-200 times the collateral they bet. This means if they are right on the direction and sell the bet in time they will profit 2-200 times more than if they just used the collateral value. A total gamble. This sounds great but there is a major downside. If the price goes the other way they lose all their collateral called a liquidation. When there is bullish news aka sentiment lots of traders aka gamblers lend money and long crypto thinking it will definitely go up. Conversely other gamblers bet it will go down aka short. When a long bet aka trade aka position is liquidated it triggers a market sell order on the casino aka exchange which causes the price to drop further triggering more liquidations of long positions. The result is a cascading effect which looks like a falling knife or straight line downward. The same occcurs for cascading short liquidations because liquidated short bets trigger market buy orders on the exchange causing the price to rise dramatically triggering further short bet liquidations aka “a pump” This cascading effect in either direction is called a liquidation ladder and causes the extremely volatile “pumps” and “dumps” of crypto. The casino aka exchange will trigger these events by buying or selling a lot of crypto when there are a lot of leverage bets open in the opposite direction. They profit billions of dollars. Today was such an event. The result today is all the long leverage bets were liquidated and the prices dropped up to 30%.

@ChillpillCrypto @SteveRyanPoker @martypartymusic bro , are you using generative ai?

Accepted he literally blamed leverage traders. Calling them "gamblers" and exchanges that offer leverage, "casinos". Dont you think that sounds like blame? Do you think leverage traders want to be liquidated? It is as I said, it's the people cooking the books, watching where the pain points are and taking advanage of the little guys who are the people responsible. It happens several times every bullrun. Normal retail gets excited and hopeful, they enter into a market they dont understand with bad advice from people who dont care or know how to trade. these youtubers or tictokers just want to sell them a product. They get pumped full of hot air and think trading 10x or more is normal. They don't understand risk management, have a strategy or can use/read the tools correctly. But, they have some money. They over leverage, with too much capital, into something shilled by whichever influencer told them whatever the next hot thing was. Then they get taken for a ride and lose everything or most of it. Thus getting a bad taste for it without ever learning anything. Giving crypto a bad reputation. Their only at fault for trusting greedy people and being taken advantage of by whales, corporations and wealth funds that have the power the sell like this. As well as, access to AI and high speed algorithmic trading. This was a coordinated sale across every exchange. That doesnt just happen naturally and its not the little traders fault. The vast is majority of leverage traders are little traders. 90% of traders fail because of this, 8% break even, only 1% do okay and the last 1% are making a living off of it. They aren't gamblers, they're naive people with hope. Who are lied too and taught badly. It's not their fault.