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Zerpening Part 2: The Sequel


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This is not the reason I thought I’d have an erection on Valentine’s Day...

This has got to be the single most bullish community on the face of the earth. Asset dips = "EVERYONE BUY BUY BUY BUY BUY" Asset dips more = "EVERYONE HODL HARD, HODL THE FRONT LINE, GIVE TH

Completely, completely off-topic but since there's so much good news around today, I'm going to share my own that just came in. BMG have offered me a favourable worldwide distribution deal for my musi

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34 minutes ago, ReformedEquityTrader said:

There's definitely some truth to that.

A lot of "old finance" guys had been wanting to short BTC for basically all of 2017.  The fact that the futures went live at the top (or perhaps hastened the arrival of the top) added to the downward pressure.

Also, Futures allow a whale to "pre-sell' his BTC without impacting the current price.  However when he delivers BTC against his short, the buyer of that future is stuck at an unreasonable price in a bear market.  The receiver's only choice is to sell quickly at a loss.

The fact that it's the exact day is likely coincidence, but the timing of live futures trading has definitely exacerbated the decline.  Futures is a pro's market.  Crypto is mostly retail. Any time you put retail money up against pro money, the retail guy loses.

Thanks much for your input.  It's been on my mind for some time now.  You confirmed it. :)

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58 minutes ago, John_Buh said:

Why would someone unload a pile of BTC at once knowing he is going to move the market down???  Doesn't make sense.

Parrotman ??? To buy at dip later. Say i am happy with my income, i sell it ; but before i do, i tell you to buy it low at my sale time ; and you earn shitload in several hours. Dump and pump - ? from wallstreet thingy. 90 percent trading is this way as i see it 

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14 hours ago, ipinabox said:

Yeah, that's just a tiny buy wall..

Well, it's not far down to paradise, at least it's not for me
And if the wind is right you can sail away and find tranquility
Oh, the canvas can do miracles, just you wait and see.
Believe me.

any pirates?

maybe you ran into the ghost of pablo escobar, sailing around the south pacific trying to find a spot where he can get good reception on his 1980s cell phone?

there are strange things at sea.

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36 minutes ago, RegalChicken said:

It is done. The Club is made. I went open, I was on the fence between closed and open. I did pick HODL my Zerps, as it seems most relevant to the Zerpateers.

 

@Mercury

 

When you close this thread, can you please sign off the final post with a link 2 three other threads for us?

 

Please do us the honor of letting the final post on this thread include:

 

 

 

 

Done!

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36 minutes ago, RegalChicken said:

It is done. The Club is made. I went open, I was on the fence between closed and open. I did pick HODL my Zerps, as it seems most relevant to the Zerpateers.

 

@Mercury

 

When you close this thread, can you please sign off the final post with a link 2 three other threads for us?

 

Please do us the honor of letting the final post on this thread include:

 

 

 

 

Done!

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