Damn.
Been catching up on the Legendary Original Wall Observer from the beginning of when this current pump got heated up
around ~May 28 @ ~$475, to June 6 posts.
Still got a whopping 45 pages left ;/
F*ck
& Where's BJA now, anyway..?? o.oHate to be the bearer of bad news, but finex longs gone full retard off deep end and are at $42.5MM now, while shorts are relatively unchanged. If they're squeezed everyone is going to have a bad time
Well.. Nostradamus! Impressive
Unreal how there are no real pullbacks, In the end this is going to cause a violent snapback at some point.
Such accuracy, much clockwork *_*
>>
Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin
Suicidal.
The hardest thing to time & riskiest/least profitable to do is : [1] Short a dump further
Followed by : [2] Long a breakout
[3] Short a top
(as far as large-cap, well-run, excellently-performing/promising-sector equities, some commodities, and established crypto) [4] Long a dump
In other words, hats off to whoever managed to snag that juicy $705-709 range on 'Finex just now, closing that long on the inevitable retrace-up. Panic/margin call cascade drops like these are the single most rewarding opportunity. I could only grab one long @ $734 and another @ $712 myself.
There's a sizable possibility we go down yet further in the coming hours/days, just a bit, flirting w/ $680-695.
There's also a very faint but frightening possibility we go down considerably harder than that, a scenario only made possible (no exceptions)
if China's PBOC
"bans" Bitcoin yet one more time, or some very hardcore protocol hitch, dev team trouble or asian mining consortium bad news hits the wires ; In which case this 'Vinny Lingham Signature' rally would be stopped in its tracks until we are a few days away from the actual July Halving Day, or possibly even for the entire summer ;/
If anyone is curious I'm actually long on 10x margin and have been since the 500's. Hoping to close the margin @ around $3k but we'll see.
Close right now or within the next 40 yuan upwards - re-buy lower.
Thank me after.
^That, and Gentlemand has some anal fissures that you wouldn't believe.
I think they triggered an automatic trading halt and now are trying to work out what the fuck to do. The comments regarding network infrastructure are obvious BS.
Trying to remember what they did when this happened last time and the price penetrated to $102.
?
If you keep this up I'm not gonna be able to breathe, man.
Have some mercy for my sides or you'll be stuck w/ the funeral home bill
A historic ~49% range in a single 40-minute candle.
From $3800 to $5750 on 'Stamp & GDAX while a more muted $4000 to $5400 on BFX because of course, 'finex has much bigger less amateurish whales with deeper volume &
liquidity.
Crypto is Tech.
Tech was the bubble again.
Flu panic popped that bubble a fair bit.
So, even gold & btc fold too. Liquidity Crisis.
Especially since the past 10-15 years, everything got integrated into BigTech, ETF'd, leveraged, from gold/silver to crypto to even collectors' gimmicks or art pieces.
Makes sense, and it'll all go back to 30k DJIA & 10-660k BTC within years.
Central Banks, and the world's 100+ million millionaires, are always there to print, and bid it up.
..Until that weird uncanny day when famine, payroll wages or worker disruption, looting, pillage, rape, civil war, nuclear blasts, become widespread, spiral out of control ; thus law & order breaks down and somehow eludes paranoid paramilitary agencies' grip in being restored and so techno-industrial global civilization's social complexity breaks down for a long, long time.I've lurked & posted (under a variety of accounts) on WO since late January 2014, having discovered decentralized finance in September 2013. Wasted my vast opportunities. Squandered my easy early pickings. Seen it.