Also, @maikisch what are your thoughts on solend and all the rumours that SOL might go bust? I never took rumours like this seriously. But i think we are all in a panic mode.
maikisch
⋅
@ZachRxc I have no idea about going bust…I’m simply a pattern analyst and so far nothing tells me it’s going to zero
ZachRxc
⋅
@maikisch, That's the crypto gossip nowadays 😂😂 you hear one good thing and 1000 bad.
@SellHiBuyLo, it's all over the place, you can find out more on cointelegraph but as I said there is a lot of nonsense around at the moment. so much panic, can't see what's legit and what not.
SellHiBuyLow
⋅
@ZachRxc, ah, I see: the Solend liquidation fiasco. It appears legit, and that would seem to give a reason for the move down to 5 box on Chris’ chart. Patience and dry powder.
SellHiBuyLow
⋅
@ZachRxc, we need to watch carefully if we start heading down aggressively. According to news, “If SOL hit $22.30, the protocol would automatically liquidate up to 20% of the whale’s collateral.” At the price things should get interesting.
ZachRxc
⋅
@SellHiBuyLo, the question is.. what does that mean and how much will affect the price. I guess we'll have to wait and see
ZachRxc
⋅
can somebody go and pull the plug already 😂😂😂 I'm so tired waiting for this bottom. The whole world is screaming that BTC and crypto are going to 0.. and SOL keeps moving higher and higher..