All Crypto's Exploded, Bitcoin Up 30% In 24 Hours!

[thevideoguy]

Cryptocurrency prices have exploded over the past 12 hours, with Bitcoin being up 30% for the day (briefly crossing the $10,000 mark).



Lots of speculation on what caused this fast climb, but I found this. According to Forbes:

"When the bitcoin price recovered a couple of hundred dollars per bitcoin in just a few minutes, some $150 million worth of short positions on the Seychelles-based BitMEX crypto exchange were liquidated, according to bitcoin and cryptocurrency analytics provider Skew.

This triggered what's known as a "short squeeze," where an asset rapidly increases in value due to short sellers trying to cover their positions, resulting in buying volume that drives the price up."

(source: https://www.forbes.com/sites/billyb...itecoin-and-ripples-xrp-bounced/#9dd176845c68)

Whether a short squeeze was specifically what caused this, or other factors; I have no idea.

What do you guys think?

 

[InstagramDude]

While $150 million worth of short positions were liquidated, I am more so interested in hearing how many margin trading positions made insane returns, and how much the biggest gainers achieved.
There's only a few companies in the world that can affect the BTC price like this, and in cases like this it would be very interesting to see who the winners and losers are.

 

[Alexbru]

I just love this, was pretty stressed as it was going down but holded and now boom. All those who were saying it's going 3k need to see this

 

[SmmBoom]

It was awesome, many people believed it will drop to 3k but the bitcoin news about china caused it to explode.

 

[Harlet]

Oopsie daisies upside daisy. BTC follows little logic, I liquidate as soon as I make a purchase

 

[Bigstar20]

At one point it got up to $10400+ for a little bit. It went up 42%, which is the third highest percentage gain in a day ever. The other two times was back in 2011, and obviously the market-cap was a lot smaller back then, so the move today was way more impressive.

While $150 million worth of short positions were liquidated, I am more so interested in hearing how many margin trading positions made insane returns, and how much the biggest gainers achieved.

Several people I saw in the Bitmex chat/trollbox had made $3 million/300 BTC+ profit just in the past day. Those numbers can't be faked either (the way the chat is tied to their trading positions).

 

[LiquidLeads]

Thank you, China!

 

[Salamouna]

It's china
and that person still waiting for BTC to back to 3k so he can buy again

 

[TwitterPanel]

This is a very surprising situation.

 

[Mr Positive]

Nice and some Einstein’s said bitcoin was going down to $3k lol....

 

[InstagramDude]

At one point it got up to $10400+ for a little bit. It went up 42%, which is the third highest percentage gain in a day ever. The other two times was back in 2011, and obviously the market-cap was a lot smaller back then, so the move today was way more impressive.



Several people I saw in the Bitmex chat/trollbox had made $3 million/300 BTC+ profit just in the past day. Those numbers can't be faked either (the way the chat is tied to their trading positions).

Not bad, but there is probably someone who made a whole lot more. I see there are a bunch of whale alerts atm.

 

[Bigstar20]

Not bad, but there is probably someone who made a whole lot more. I see there are a bunch of whale alerts atm.

Yeah definitely. The biggest whales wouldn't be in the Bitmex trollbox lol.

 

[InstagramDude]

Yeah definitely. The biggest whales wouldn't be in the Bitmex trollbox lol.

Oh, you should just know. Some of the biggest are there, but they don't have all of their cryptos just on one site either. Most are in cold wallets.
I met a billionaire once, on a random forum for private servers in a certain game. It feels weird when you realize, that literally anyone could be seeing what you're posting right now.

 

[RickC137]

what are good sites for managing and tracking a crypto portfolio? Are there any that are very unreliable and should be avoided?

 

[CryptoKujira]

what are good sites for managing and tracking a crypto portfolio? Are there any that are very unreliable and should be avoided?

blockfolio is the only one you need. Case closed. It's by far the most popular.

 

[djbrayner]

I've got money invested in crypto coins.

 

[Pr1max]

blockfolio is the only one you need. Case closed. It's by far the most popular.

Another alternative is Delta. Switched over a year ago and haven't regretted it ever since.