Key Reasons Behind the Bloodbath on Satoshi Street

[Stompix]

I've always wondered how a disciplined and hardworking nation could have such bad economic results, but apparently their politicians are very bad, or maybe under the influence of some external influences that govern them. Japan is said to be the first country in the world in terms of its debt, if the total debt is taken into account - and as far as I can see, they are in the infamous 6th place in terms of external debt.

In any case, it is strange what is happening there, and I am really interested in who profited the most from what happened there and spread to the whole world.

Debt is not a problem as long as you can manage it, Japan has printed trillions and they haven't experience anything close to Venezuela, the debt is held by themselves, there is no pressure for it to be paid, it's perfectly serviceble at current rates. Much as Germany before Covid was issuing debt at negative rates.

As for the economy, it's complicated, explosive growth till two decades ago, slowing consumtion from those levels, aging population, spending impulses have failed, rather that just economic is also a social issue and the mentality probably plays a way bigger role than we imagine.

[NotATether]

I remember seeing Bitcoin fall to 60K, then 55K, then to 52K... but it never did reach 50K, despite the price going down by the hundreds seemingly every hour.

I guess the "flash crash" was arrested by the market after traders ran out of bags to dump.

Now we are stable and going up, I hope nobody has placed buy orders at $40K or $50K because they are going to be liquidated soon.

[Lucius]

Debt is not a problem as long as you can manage it, Japan has printed trillions and they haven't experience anything close to Venezuela, the debt is held by themselves, there is no pressure for it to be paid, it's perfectly serviceble at current rates. Much as Germany before Covid was issuing debt at negative rates.

It seems so, internal debt has its advantages, but I suppose it still creates some problems in the long term. Otherwise, all the countries of the world would copy what Japan is doing (some may be partially doing it) and they would all have the majority of the debt to themselves.

As for the economy, it's complicated, explosive growth till two decades ago, slowing consumtion from those levels, aging population, spending impulses have failed, rather that just economic is also a social issue and the mentality probably plays a way bigger role than we imagine.

I read that it is almost impossible to get citizenship in Japan, even if you are the child of parents who were born in Japan - and while we in the West solve this with mass migrations, they still persist in a very closed society. I think that all the changes that are happening globally in the world have also affected them, but they have not yet found a way to adapt to them.

I remember seeing Bitcoin fall to 60K, then 55K, then to 52K... but it never did reach 50K, despite the price going down by the hundreds seemingly every hour.
~snip~

Officially, the price of BTC fell below $50k, and even some members on BTT boasted that their orders were filled below that price. Of course, it always depends on where you look at the prices, because we know from the past that the differences can be considerable in relation to a particular country and crypto exchange.

[Faisal2202]

Can you feel the fear or do you think this is just a very temporary thing...and days from now we will already be smiling all the way to the bank, so to speak?

I don't feel fear at the moment because if a person is making money from other sources then they don't have to fear because if there is a dump now and you are losing money don't worry a time will come you will cover your losses and make a profit as well. The point is this is a temporary thing and in the long run we know BTC is not going anywhere even if there are recessions, or conflicts among countries and bear trend hype, etc.

These won't matter because more and more people are now trading in crypto, using their fiat and increasing the market cap of the BTC overall. These buyers are now a lot that they consume a good amount of BTC even in big sell-offs.

[robelneo]

Can you feel the fear or you think this is just a very temporary thing...and days from now we will already be smiling all the way to the bank, so to speak?

We old timers in the community have seen the worse blooth bath in the past, so this is not something new to old times, if you are a seasoned traders and have a strong hands this things is nothing to you and in fact will consider this as a door of opportunities.
The month of September is the month where the market will show improvement and they will carry the improvement until the end of the year, so there's really nothing to worry about.

[electronicash]

Can you feel the fear or you think this is just a very temporary thing...and days from now we will already be smiling all the way to the bank, so to speak?

We old timers in the community have seen the worse blooth bath in the past, so this is not something new to old times, if you are a seasoned traders and have a strong hands this things is nothing to you and in fact will consider this as a door of opportunities.
The month of September is the month where the market will show improvement and they will carry the improvement until the end of the year, so there's really nothing to worry about.

this must be true when it comes to crypto crash especially when you have gone through bull run and then bear market and then bull market again.  you can get used to it already when you have gone trough all these anymore. you won't panic anymore when the price plunge.

but i think investors are very much confident that a bull run will happen since just few months ago was the time of halving. they know it will come and all these blood bath and market crash may just be the last few attempts of the bears.

[Gposas]

The fear is much for the rapid price drop, we see those trading on leverage are liquidated heavily, some sell at loss in order not to get liquidated completely, trading fund reducing insanely. Now these factors can lead to sell off even at loss because of panic, much fear was on traders even me...
Some say buy at the dip but the dip was getting more deep

[Z-tight]

Some say buy at the dip but the dip was getting more deep

True, but it happens frequently that so many people are now used to it. I don't blame some people who panic when things like this happen, i don't panic much because i store mostly BTC, and i am sure it has the utility to pump again after a fall in price.

However, if i were to have so many altcoins in my portfolio, i would be worried when the market tanks, and i will sell a lot of them to reduce loss.

[Lucius]

~snip~
However, if i were to have so many altcoins in my portfolio, i would be worried when the market tanks, and i will sell a lot of them to reduce loss.

Most altcoins are not for long-term holding, people should know that and then at least some would avoid situations where they literally lose 50% or more of their value overnight. Of course, we are talking about unrealized loss, because theoretically the market sometimes recovers very quickly (as is the case now) and all people need to do is avoid panic and not sell at a loss.

Many see investing in cryptocurrencies as perhaps their only way to earn money, but unfortunately they often end up without everything because they are not aware of how risky the whole thing is.

[Stompix]

Seems that Bitcoin has indeed become correlated to stocks and this is just only getting stronger.
Markets bounced back, so did BTC, we recovered half of the dump, so did Nikkei 225 , it's both an advantage as optimism on the markets will bring optimism and cashflow into crypto but at the same time is going to get us exposed to their fluctuations too, becoming less of a refuge than we thought it might be.

I read that it is almost impossible to get citizenship in Japan, even if you are the child of parents who were born in Japan - and while we in the West solve this with mass migrations, they still persist in a very closed society. I think that all the changes that are happening globally in the world have also affected them, but they have not yet found a way to adapt to them.

I don't know how much we've solved of the problem without causing others, and besides, with birth levels falling everywhere we've just gained more time, once every country is under replacement levels, what next?

[philipma1957]

Debt is not a problem as long as you can manage it, Japan has printed trillions and they haven't experience anything close to Venezuela, the debt is held by themselves, there is no pressure for it to be paid, it's perfectly serviceble at current rates. Much as Germany before Covid was issuing debt at negative rates.

It seems so, internal debt has its advantages, but I suppose it still creates some problems in the long term. Otherwise, all the countries of the world would copy what Japan is doing (some may be partially doing it) and they would all have the majority of the debt to themselves.

As for the economy, it's complicated, explosive growth till two decades ago, slowing consumtion from those levels, aging population, spending impulses have failed, rather that just economic is also a social issue and the mentality probably plays a way bigger role than we imagine.

I read that it is almost impossible to get citizenship in Japan, even if you are the child of parents who were born in Japan - and while we in the West solve this with mass migrations, they still persist in a very closed society. I think that all the changes that are happening globally in the world have also affected them, but they have not yet found a way to adapt to them.

I remember seeing Bitcoin fall to 60K, then 55K, then to 52K... but it never did reach 50K, despite the price going down by the hundreds seemingly every hour.
~snip~

Officially, the price of BTC fell below $50k, and even some members on BTT boasted that their orders were filled below that price. Of course, it always depends on where you look at the prices, because we know from the past that the differences can be considerable in relation to a particular country and crypto exchange.

damn right I got some on coinbase for under 50k.

49,798 to be exact

to be fair most of my buys were 50,000 to 52,500

[Lucius]

I read that it is almost impossible to get citizenship in Japan, even if you are the child of parents who were born in Japan - and while we in the West solve this with mass migrations, they still persist in a very closed society. I think that all the changes that are happening globally in the world have also affected them, but they have not yet found a way to adapt to them.

I don't know how much we've solved of the problem without causing others, and besides, with birth levels falling everywhere we've just gained more time, once every country is under replacement levels, what next?

Far from having solved the problem, as you say, we only temporarily slowed down some things at who knows what price, but in the long term we will pay dearly for it. I personally have nothing against people of a different skin color or religion, but I have against those who do not respect people and the society they have moved to.

European demographic policy has completely failed (with some exceptions of nation states), and it is incredible that instead of encouraging families to have more children and protect the family, they advocate gender ideologies and the importation of millions of workers from countries that have no social, religious or ideological similarities with Europeans.

[philipma1957]

I read that it is almost impossible to get citizenship in Japan, even if you are the child of parents who were born in Japan - and while we in the West solve this with mass migrations, they still persist in a very closed society. I think that all the changes that are happening globally in the world have also affected them, but they have not yet found a way to adapt to them.

I don't know how much we've solved of the problem without causing others, and besides, with birth levels falling everywhere we've just gained more time, once every country is under replacement levels, what next?

Far from having solved the problem, as you say, we only temporarily slowed down some things at who knows what price, but in the long term we will pay dearly for it. I personally have nothing against people of a different skin color or religion, but I have against those who do not respect people and the society they have moved to.

European demographic policy has completely failed (with some exceptions of nation states), and it is incredible that instead of encouraging families to have more children and protect the family, they advocate gender ideologies and the importation of millions of workers from countries that have no social, religious or ideological similarities with Europeans.

Well I agree with part of what you said. I bolded it.

 But I would prefer to see world wide depopulation via oral sex only. Zero birth rate for 3 years would be a good start
 I know it  (will never happen). So I kind of feel the only hope of earth is this movie :

"The day the earth stood still"

1951 version

https://www.imdb.com/title/tt0043456/

[Baofeng]

Can you feel the fear or you think this is just a very temporary thing...and days from now we will already be smiling all the way to the bank, so to speak?

We old timers in the community have seen the worse blooth bath in the past, so this is not something new to old times, if you are a seasoned traders and have a strong hands this things is nothing to you and in fact will consider this as a door of opportunities.
The month of September is the month where the market will show improvement and they will carry the improvement until the end of the year, so there's really nothing to worry about.

Exactly, for sure the pandemic and the lock down is still fresh in our mind as we have seen one of the worst crash in Bitcoin and crypto in general. But we where able to recover from it and even had a new all time high back then.

So not sure why the current bloodbath or if we can call it that way will concern us as we have seen worst and we were able to get back up and then shows how resilient our market it. I do agree that maybe in the last quarter, we might see a big improvement in the price and go on track to reach 6 digits in this bull run cycle.

[ZAINmalik75]

Fear? Only weak hands or people who are storing new altcoins get afraid when the price drops like this, it has now become a normal thing for people who understand BTC enough to know that this is temporary. I would rather buy more in this dip than to be afraid and sell.

Besides understanding the observer must buy the BTC too because only observing the price and saying that those who understand the BTC won't fear in dump. I am not saying this to you but some people have not bought BTC even and are into ALTs and after seeing the situation they are praising BTC.

I agree with all of your statements that those who have no control over their emotions when they see their portfolio going down panic sell in the loss.