I am getting increasingly annoyed about the impact those overleveraged longs and shorts have on the market.
Every time we crash up or crash down it is because, or at least starts with, the liquidation of overleveraged d*ckheads who are not here to invest in the future but to get rich quick. 9 out of 10 times they get rekt and take the whole market with them.
Getting rid of leverage above 2x would take away the stick from opponents, like the SEC, that they still beat Bitcoin with 'look at the crash, it is to volatile, we need to protect investors'.
If people like CZ from Binance really want Bitcoin to succeed, they would do anything they can to make that happen.
Getting rid of overleveraging in the space would make for a less volatile steadier ride up and make Bitcoin more interesting for big money. It would also take away some power of the whales to push the market the way they want it to go.
There are 3.6 mil subscribers in this sub, I say we start with sending tweets on Twitter to CZ using the hastags #deleverageBitcoin and #deleverageBTC or something.
I'm guessing I'm not the only here annoyed about this, or am I being naive and is everyone here leveraged up to their neck?
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