jakewoodhouse on nostr

Bunch of people chasing fiat gains being shaken out right now

Took a loan on eg Ledn to “never sell their Bitcoin”

But now being margin called and selling their sats to cover the debt

Which was probably spent on a holiday, a car, school fees

Interesting times

9❤️2🤙3

corndalorian · 44w

Some people learn the hard way. I was “some people” 3 years ago. Never again. 😂🤣 God speed to all of them. May they come out of this trial refined by the fires they cast themselves into.

Brisket · 44w

My margin call is at $69K It's actually 68.4 but 69 is much easier to remember. 😂

David Pinkerton · 44w

I'm sympathetic. They believe in something and put their money where their mouth is. Bold strategy, etc. A leveraged long that goes right is a hell of a drug. Even if they are shaken out, they're still right but just got the timing wrong.