[sgbuffett]

This fall over the week end will be disastrous for bitcoin

1. There is large amount of leverage used to by cryptos ....on margin.

2. Once such a drop take place it triggers a margin call. Collectively hundred billion.

3. It is better to sell.over week end because most of the margin call comes into effect on Monday when we will see very high instability and a further collapse.

4. This is a speculative death spiral ..
When too much borrowing to buy a speculative asset without underlying value or physical assets.

If I have any I will just sell all before the disaster.

Hope and denial I feel is very dangerous at this point in time.

I warned to get out much earlier and when profitable a few months ago

Now it is about preserving what is left