Let’s face it everyone wants to know who the “high net worth” individual involved in the @coinflex crisis is and how they got to the point where they are effectively boycotting paying margin calls. Even in crypto it’s one rule for the elite and another for the average person.
@Z1 in June 2022
If @coinflex is running around trying to refinance due to a high net worth individual failing to pay additional margin call debts there is no way the crypto market is at the bottom of a correction. The point of a correction is to wash out weak hands - what we’re seeing here is someone who won’t admit they made a mistake and is now trying to pass the buck. My guess is the high net worth individual is big in the BCH community - was unhappy with the price action of BCH during…
Are you shitting me.
Ok so if the Roger Ver info is correct and he’s defaulting on a leveraged BCH long to @coinflex it explains allot regarding recent BCH price performance. Especially bch/bsv. 1. Major players (mega whales other crypto OG’s) found out. He’s not top of the popularity charts. 2. They then sucked the life out of BCH naked shorting, coordinated selling, mass social media smack downs you name it. 3. Roger makes a series of margin payments up until it starts heading into the 100USD…
😭 💧