Crypto trades around the clock, and the liquidation arrives at four in the morning while the position's owner is asleep.
Las Vegas casinos, they say, have no clocks and no windows, so the gambler won’t notice the night going by. A crypto exchange doesn’t even need that. The New York Stock Exchange closes at four in the afternoon and is shut on weekends, brokers have holidays and traders take vacations. Crypto trades around the clock, with no days off, on Christmas and on New Year’s, and the price chart on the phone screen never goes dark. A man falls asleep with an open position and wakes up to its liquidation, which happened at four in the morning while he was dreaming about getting rich.
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The House Always Wins — Nobody Owns Money | Mike Fluff
