O Horda

People bought Bitcoin at $8,900 this morning on the Bitmex brokerage, a market sale order for 850 Bitcoins caused the price of Bitcoin to drop, destabilizing the entire cryptocurrency market.

Bitmex reported that the destabilization has already been resolved and that it is investigating the market sale that occurred.

The fact left a lot of people scratching their heads, after all, if Bitmex uses shared liquidity, what happened would indicate that there are not enough buyers in the previous price range for the "miserable" 850 BTC.

An interesting curiosity is that in 1991 there was already a currency that used the Bitcoin logo; this currency was a fictional virtual money from the game Space Quest IV: Roger Wilco and the Time Rippers, a space money.

The protagonist, Roger Wilco, has a mission to travel through time across past and future sequences of the Space Quest franchise itself.
It is interesting how the protagonist of the game has a time travel mission and the game presents something so iconic that would only really exist 18 years later in 2009.

An interesting reflection in 1923 in Germany was that money lost a lot of value; every day the price doubled, and workers' wages were paid twice a day so that workers would not lose purchasing power.
Inflation was so great that people went to the market with bags of money and returned with a bag of bread and a tub of margarine.
Inflation became so great that people burned money instead of firewood. For those who did not have firewood available, especially in large cities, burning stacks and stacks of money was cheaper than buying bundles of firewood.

Far beyond simple speculation in cryptocurrencies, there exists a much more profitable universe in the Crypto market, but also much riskier, which is holding cryptocurrencies in self-custody.
Self-custody means you are the holder of the keys, meaning you have the coin, and you are your own bank. You have the key to the vault in self-custody; you do not need to rely on a centralized brokerage to tell you when or how you will move your resources.
In a traditional bank, you cannot withdraw your money in full; you cannot send any amounts abroad without first going through bureaucracy in a centralized brokerage either, you have rules to follow. In self-custody, it is just you, and no one has the power to control what you have. However, great power requires great responsibility. In self-custody, you leave the controlled and centralized environment of third parties and enter a completely uncontrolled environment. You are your own control, and if in self-custody you want to explore decentralized finance protocols, then it gets worse. Many people take their resources from the brokerage to their own wallet. Once that is done, they commonly try to increase those resources; they do not just want to leave the currency idle. This is where the great danger of this universe enters, when they start researching terms like: income with Bitcoin, leaving coins in the wallet earning... The algorithm will flood this person with ads for malicious protocols that only want one thing: to drain all your funds from your connection.