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17 sats \ 2 replies \ @BlokchainB OP 13 Jan \ parent \ on: Blok’s Stack Strategy: How I use LN Markets to trade daily to stack moar sats Stacker_Stocks

Thanks for this in-depth review. During the October dump LN markets ran into some issues. I’m not sure how deep the liquidity is but a few traders were pissed at the team

Volatility however is how you get "chopped" up through liquidation. Price dumps, you get liquidated, it bounces and you buy back higher to chase.

This is definitely true. The dumps and the chop crush this strategy.

Most of the time though you pay to have a long open, but over time, its roughly equivalent to borrowing fiat at 10% to buy Bitcoin with.

True but this is boring. Idle hands are the devils playground! Using LN makes life worth living!!

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196 sats \ 1 reply \ @justin_shocknet 13 Jan

I think I recall seeing that the October thing was an exchange API breakage, something external reported the price incorrectly which caused their engine to mis-price and liquidate people.

Very similar to what broke some stableshitcoin on exchanges that started the cascade in the first place.

Liquidity shouldn't be an issue since Bitmex is the ultimate market maker, may just want to use slugs to avoid slippage if you go big.

but this is boring

lol very true, until the price starts to run and you log in to check and see a whole bunch of free sats... or when there's blood in the streets and you log in and see you're not liquified

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17 sats \ 0 replies \ @BlokchainB OP 13 Jan

Exactly I need that rush when the price action is so dull

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