So many traders (gamblers) rekt today
Bitcoin price has pulled back significantly. Altcoins have pulled back even more. Apparently up to half a million 'traders' have been liquidated on exchanges.
*As usual, Coinbase picked that eventful time to have a "system update" lol.*
It turns out that a lot of these new 'traders' (gamblers) don't know what they're doing. I saw a bunch of posts on social media asking what "liquidation" is, because it just happened to them in some exchange.
I also saw that up to half a million people have had their trades liquidated! I wonder how many of those are going to go away thinking "crypto is a scam". The unfortunate truth is they weren't "trading crypto", they were gambling.
Peace & Love,