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Everything posted by HPNASTPN2BRKNNS

  1. Does anybody think tomorrow might be a wild day for crypto if there is another huge pump for gamestop? I.E. maybe a very short term capital drain out of the overall market (100bil-ish)
  2. https://bitcoinmagazine.com/articles/debunking-misconceptions-from-the-bit-short-inside-cryptos-doomsday-machine
  3. Really looking for an enlightened and stimulating conversation. Appreciate all of the contribution thus far. So when I made this post, I was speaking very generally. It has now been an entire week. I think a few things have rippled into the crypto space. First of all, I think that there without a doubt was a drain of about 100b USD out of the crypto market (not sure on the exact amount) whether or not this was directly related to the sensationalized and dramatic price rise of certain stocks in the american equities mkt, or if somehow it had something to do with BTC options expiring late last week. One thing for sure, there was a fairly substantial capital drain from the crypto mkt. I tend to think the former. OR the big players just pulled out of positions to drive down the prices btc and eth, only to reenter at the beginning of this week. Going out on a limb, assuming that a lot of players retail or not or maybe even a combo of the two ,got out of that whole fiasco. Those who were able to get out and had the appetite for fast gains, which this space is soo fondly known for especially in a mkt state like the one we find ourselves in now, enter the crypto market. First pump n dumping doge and then (sorry if I am forgetting any other insignificant coin in between) xrp. Who ever was able to execute profitable trades then moved onto to BTC and ETH. Since the SEC's' announcement regarding xrp's status I liquidated my entire position. I bought back in with little exposure. Definitely took a loss but it wasn't crushing. Literally the only coin worth fomoing into and the only coin that I would. Anyways, we are now seeing new players in the mkt. This new money is literally destroying portfolios. One pump n dump to the next, seemingly rinse and repeating self in the same coins. Not telling anybody to expect to get ride an xrp pump again. They don't seem too interested. Just Hold your xrp. Furthermore besides BTC, ETH there doesn't seem like there is much interest in anything else besides this bull markets trends. Just doge coin and the newest DEFi, NFT that have sprouted up in the years since 17/18 bull market. Even though I get feelings of a bubble, I know we are nowhere close. It is different this time (i.e. arguably better infrastructure, institutional players etc.) Assuming that there is this grand ALT-Season, do you see a lot of these projects that were trending during the last bull run returning to their ICO pump prices? Is this a perpetual trend of one replacing the other? It seems like every bull run is characterized by a trend in addition to BTC movement. What was the trend before ICO's, privacy tokens? How long can you see Doge getting pumped and dumped before people realize that there isn't much value and any gains can't possibly be sustained in the long run. (Let's hope to God, or whomever, that this little hellhound of a coin isn't willing itself into a greater existence. I do really find it annoying that it has been stealing soo much of the limelight from much more deserving ALTS, potentially even disrupting their TA. So some micro/macro topics of the mkt rolled into one, my apologies. Just interested in market factors and characterizations of each bull mkt and the differences between them all.
  4. That's also been a narrative that we've entertained for years. The way that xrp and xlm often times move in tandems leaves a lot of questions unanswered, not trying to sound heretical here lol but is it really that far fetched to imagine that maybe that settlement between britto, larsen, bg, jk, vias, thomas and mccaleb was just smoke and mirrors. I mean for the longest time no one necessarily thought that larsen and bg were "dirty". Now that narrative's changed..... I'm sure I'll crucified for that proposition though lmao
  5. Can anyone explain to me as to why there is this much pressure on xlm? Not that anything makes any sense in this space but come on. I don't care if you don't like stellar, leave your emotions out it
  6. Also I believe that is the all time chart for shorts
  7. Historically, it looks like for a majority of those spikes they were followed by pretty big sell offs? That's what caused btc to crash in 2018. IMO. I think it might be worth while to pay attention to see how high they go right?
  8. https://www.tradingview.com/symbols/XRPUSDSHORTS/ These are dramatically different though, are they not?
  9. https://www.tradingview.com/chart/?symbol=BITFINEX%3AXRPUSDSHORTS https://datamish.com/xrpusd/7d Is the uptick in short positions something to worry about?
  10. Will tomorrow's 3.5B USD BTC options expiry have little to no effect on the mkt this weekend or...?
  11. Yeah, kind of a good exercise of force by the people though. I hope who ever made money off that came here looking for different projects to invest in. If only they got behind a movement to wipe out the shorts in BTC options expiry tomorrow. Probably not good attention to the space in the long run, but the short run would be pretty profitable. I feel like this makes crypto look like lambs haha
  12. Assuming the hedge funds that are shorting these stock also have money on crypto.. Is there a capital drain from crypto to cover these short positions? Or am I just crazy
  13. Not sure if anyone is following the reddit vs wall street fiasco right now. Share prices of AMC Entertainment, Game Stop (GME) and Black Berry (BB) have all sky rocketed, namely GME due to a coordinated effort by retail investors from the subreddit WallStreetBets. In my opinion, all of these companies are experiencing diminished market value due to losses in market share (respectively). Safe to assume that this cannot play out for too much longer without some sort of regulatory intervention. This could really screw up the stock market and potentially people's ability to trade traditional equity markets through different trading platforms geared towards retail investors. So my questions are... 1. What's everyone's opinion & More importantly.... 2. How could a situation like this affect the crypto market if these artificial pumps ultimately have a negative effect on the stock market and cause a stock market pullback? Could crypto be a hedge? Pretty preposterous situation
  14. Totally agree. But the author of that article likens himself and his stance on crypto (tether) to Steve Carrell's portrayal of Mark Baum in the BIG SHORT. The title is called the BIT SHORT. If this doesn't sound self-aggrandizing I don't know what does. There are people in this world that not only need to be right but desperately more than anything else need people to know they were right. People like Nouriel Roubini also called the crash that triggered the 08 recession. Now he and people similar to him espouse predictions/opinion with such a vigorous determination that leaves little to no possibility of being wrong, in their heads. At the end of the article the guy says he might reveal his identity at some point in the future. Like, nobody cares who you are, unless you are Satoshi that is lol. The fact that he/she has released this article anonymously gives it no validity imo. I think we are all aware of the risk that TETHER poses to the market. Threads on this forum have been circulating for years on the tpoic. The lack of transparency and apparent investigations surrounding them is certainly not a good thing and in the event that tether implodes it would certainly hurt the market. But to what extent? The guy's probably right. However is he over or under estimating the negative impact that event would have. 1. Leverage trading I thought his points on leverage trading were interesting, in extreme examples he says that exchanges were offering up to 100x. So who's using this leverage? Average people most likely, who most likely don't have more than a couple ten's of thousands USD on the market. One would think that it isn't these major pundits of crypto who have millions of dollars in the market. Why would they be using shady unbanked off shore exchanges, especially when they are trying to be compliant with the American government. 2. US EXCHANGES The author says that no major American exchange will use tether as a stable coin. So why is it that the only exchange (Kraken) that has a US banking charter use it. Why would they do this, to help whichever investigatory/ regulatory commission track and or police it. Hard to say why people do anything, much less unsolicitedly tell people what they should do financially
  15. Anybody think it's a good move to just stay in BTC & ETH for now. So I am mainly positioned 70% in ETH right now because I think in the short term it's the safest bet to make a solid return assuming the broader mkt doesn't suffer any bigger corrections. (The rest (30%) is pretty diverted into lesser positions of small caps just so I don't fomo haha )That being said I don't think ETH has really exploded yet even though it is already 100% of its mid-late december price levels. However, I do see other smaller cap coins with much more opportunity on the roi. If we start to see ETH going parabolic (past ATH) how quickly do you see the broader market of smaller cap coins following. Would you consider ETH's run up to 1300's as the beginning of alt season. I definitely see it going much higher if btc can sustain the overall mkt, which it should. Timing the mkt is impossible but ETH doesn't excite me as project as much others (long awaited 2.0 might not be a killer to similar alt coins) and again I see more potential in the smaller cap projects (smaller cap = higher risk = higher reward). Definitely keeping a little to hold long term but even some of these projects like ada and dot are more enticing (not concerned about security gray areas lol. Ripple unfortunately is our sacrificial lamb that'll set precedent for others, better or worse)
  16. Eric, you think this is just off parity alone or.....?
  17. So i really do want to make a play at it, but as mentioned earlier it is all about profit gain. I don't understand the intrinsic value of ltc! In the short term it'ss definitely a good bet, i would be wary though it is up over 100% in the past month and a half. Does it continue to follow the mkt, I'd say yeah probably, but if and when btc corrects after wherever it finds the most resistance, it's losses will be far greater than btc's. That being being said, I still wanna make a bet because imo the short term looks pretty good because of parity.
  18. Guess I gotta swallow my pride then....Man I almost had it at the low 1100's after it came down again following that first sell off. Lol damn
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