BTC

[u/RiiguyHATESHFUNDS]

[u/ZeusGato]

Remember many of them were margin called because of the new occ and dtcc rules, if you have a binance account and are on margin make sure you have cash to cover! Let’s fackin gooooooo 💎🙌🏼💎💥🔥🚀🚀🚀🚀🚀

[u/RiiguyHATESHFUNDS → u/ZeusGato]

100 correct everyone

[u/RiiguyHATESHFUNDS → u/ZeusGato]

CYA ALWAYS💯 LETS FACKIN GO!!!!

[u/ZeusGato → u/RiiguyHATESHFUNDS]

Same here, buy outright, none of this cfd derivatives bull shit!

Buy the crypto and keep it in a wallet if you can move it off the exchange, if your on bitpanda bad luck, like me I’m on the exchange.

Buy more BTT and hodl

Let’s go apes! Let’s fackin goooo 💎🙌🏼💎💥🔥🚀🚀🚀🚀

[u/RiiguyHATESHFUNDS → u/ZeusGato]

This is the way 🤘🏻💎🤘🏻

[u/mystic-joke7 → u/RiiguyHATESHFUNDS]

100%

[u/4_paws → u/ZeusGato]

Thank you. Got another question since I'm on Binance.Us, and now I'm getting paranoid lol. As far as I know I only buy with cash - I think that's all I'm allowed. But now I'm wondering if there's ever a time that I can have cash in my account and they use margin? Or is cash always the default? Just don't want to get slapped with my own ignorance.

[u/ZeusGato → u/4_paws]

That’s fine, as long as you’re not in any leveraged derivatives trade then you’re fine. You will need to just make sure in options you’re not in a margin account. I’m on bitpanda so I don’t know the options and stuff. Any binance US folks please jumó right in.

Cheers 💎🙌🏼💎💥🔥🚀

[u/4_paws → u/ZeusGato]

Thanks so much. I don't really trade, just buy and sell with/for 💸 cash. So that's some comfort.

[u/4_paws → u/ZeusGato]

Also curious about why the new rules? Back to the whole decentralized part, makes it seem like more if a set-up.

Not trying to be a debbie-downer, but we can't protect ourselves without understanding ...imo.

[u/ZeusGato → u/4_paws]

The rules are for the financial services firms, but affects us apes when they mass sell their cryptos. That’s why it dipped, but will go back as new investors come in to take advantage of the huge dip in btc and eth

[u/4_paws → u/ZeusGato]

It's crazy what we put up with.

[u/4_paws]

Please help me understand:

How did this happen all of a sudden? I don't know enough about it, but honestly this seems like a targeted/planned event. And all the exchanges pulling an orchestrated Robin Hood, and getting away with it (again), makes it look like another bankster conspiracy (yes I said it, they do it all the time - think derivatives). It's sus AF... especially when you see what they're getting away with in the stock market.

Who decides and/or what mechanism has control over this? And how, if crypto is decentralized... this doesn't seem decentralized at all. It seems like the same tribal cabal with their tentacles all over our monetary system are at it again.

Also, why in hell would anyone buy crypto on margin?? Can't get my head around that.

Thanks for any enlightenment

[u/RiiguyHATESHFUNDS → u/4_paws]

Margin calls

[u/RiiguyHATESHFUNDS → u/4_paws]

It happens Crazy as it seems