Get started

Ponzi

GME is on the brink of collapse!Good news everyone! My broker offers GME now. The spread is 40c. And by experience I would say the GME pyramid scheme is likely to be about to fall. I would love to short this bag, but it is very volatile that is the problem. I need to compare it to some other examples. Especially since the stock market is not my core activity. Compare it to some stocks but not only. This is no longer a share but a gambling ticket. I'm more experienced with those fortunately. The technic here will be the same as retail gambling lotery tickets and not some hedge fund. This one is not very mainstream Another popular mainstream "investment" (like Enron) The more "dumb money" involed, the bigger the retraces? Tesla is really dangerous it goes beyond the "dumb money" bag/gamble. It is a cult with a prophet that is very skilled at manipulating. Ah this science religion. Tech just really has been stagnating for a while. We get hit by a cold virus and suddenly the world is paralyzed. These cultists honestly think because you can download an app on your smartphone we will experience eternal life, kek. GME bagholders are on the verge of breaking. And then later this The issue is, can't pinpoint the top. Maybe they'll be a small distribution? There is time for the big short, right now short term. And later on we'll look into the big one more. As scientists say "more research is needed on the subject". Either some distribution at the top of some kind (if that even works) or simple wait for the downtrend to start and short on a sucker rally. A couple more screenshots A legend of bagholding (and bulls arguing): My favorite... There is a danger with bag chasing gamblers but fortunately they also provide a solution, they act as resistance. The more ignorant gamblers act tough by proudly saying they bought and will keep buying to "beat the damn bears", the safer it is to short 😉
NYSE:GMEShort
by MrRenev
46
Retest the downtrend from ATHs (BTC) market structure (S/R flip)Hello traders, Many traders who use technical analysis hear phrases that suggest a "broken support level will become a future area of resistance" or that a "previous level of resistance will become a support." For beginner traders, phrases like this sound like they're spoken in another language, and even many experienced traders never fully understand or appreciate this intriguing role reversal. This article will attempt to shed light on the importance of support and resistance levels and illustrate why traders should take particular note when they reverse roles. (S/R flip) Please do me a favour and hit the like button or leave a comment to show your support to my page. 👍
BITSTAMP:BTCUSDShort
by YurloTrades
16
"the ponzi always wins ;)"i made a post awhile back discussing one of the biggest scams to ever take place in the history of btc. we're finally up here in this range, with a strong rejection from the original area i had imagined. the bears are excited right now, and are trying to short this, and that is exactly what the ponzi needs to expand higher. how high you ask? well, there's a cme gap between 47~49k, which is perfectly in confluence with the organic wave b target aka the golden zone . if we do get up there, it will only be a wick just past the 1.618 extension of the entire wave X. the law of alternation supports this kind of w4 correction, and the ponzi always wins by sucking in the herds into the most beautiful suckers rally in the history of man kind LOL. i'm not bearish nor bullish right now, just waiting to see further confirmation from this incredible arcade game in which ever direction it chooses to go. i'll 100% try to short that cme gap though, i can't not ;). good luck to all my bears and bulls! i'm neutral today. -- you can view the original post via:
CME:BTC1!
by notoriousbids
5
Eco/monetary news n°31> Bank Of England chief economist claims US inflation is likely to spread to the UK *********************** After the US inflation reached the "Yarrr you're a pirate - Steal 5% of the public's wealth each year" achievement, the BOE chief economist said their own inflation was likely to catch up. He mentionned the rising energy costs that were already putting upward pressure on prices and that they were bottlenecks in the labour supply. Some people have claimed that companies simply had to pay their workers a decent wage. Fast food companies have started to fire everyone and use robots instead, other companies raised wages and are raising their prices. To be fair low wage workers don't really understand economics so they will be satisfied by the wage rises - "Hurrah" - and it will take them a few years to figure out they didn't really gain anything, at which point they will demand higher wages and government spending, be happy for a few years and then... Hey if they were able to understand this then they'll be able to do more than flip burgers, and they would not even ask about all of this, we wouldn't have the problem entirely. Checkmate. To be even more fair even engineers, doctors, and deputies & senators fail to grasp these concepts. Inflation and economic concepts are not even that complex. So how can we teach the public about it? Worry not the FED has you covered! On June 21 the FED of Cleveland has published 3 lego videos to explain the basics of inflation and broadcast propaganda - errr I mean explain how the FED does a wonderful job at making prices stable and building a fair world for everyone (try not to laugh challenge). > The EU got the US to join their TTC effort (new TAFTA) with little attention *********************** Sure corporate profits went up more than wages. But if you add the ballooning government spending to wages the sum is equal or greater to corporate profits. Before people earn a wage and buy things with their hard earned money. Today they buy half with their money, get the other half from the government. Simple. Which brings me to the comeback of the TAFTA, now disguised as the unadvertised TTC (Trade and Technology Council). Some small media are covering it, there is an official press release (they are obligated to publish everything they do): ec.europa.eu The TTC is a trade agreement between the EU & US like the TAFTA that was strongly opposed, especially by farmers and other self-employed people - do not expect much from tamed wageslaves -, it also gives censorship power to governments and big tech. The TTC is for now under the radar, and there has not been public backlash yet. I do not know much about it, I just know it sounds like more taxes and more government power and control, and people disliked it, and their texts contain words like "democratic", "promoting", "fair" and "climate" way too much for this to not be at least suspicious. > The S&P panic might be over and retail positions are strongly short once again *********************** The S&P 500 once again made a new high, and rallied above it this friday, and closed above the previous ATH. Major Forex broker publishing their retail client positions show that short positions are going straight up, and the ratio is around 4 to 1 short:long. The explanation given for the new high is the market being satisfied with the FED seductive words "Everything is going as planned", "It's not that bad", "Don't worry it's only temporary", "Ignore the FUD it's just noise". Like asking Elon Musk if I should buy Tesla shares or go short. As usual with a planned economy (socialism), "everything is going great!", and the means of production are in the hands of a few, such as Blackrock. So as long as they want prices to go up, prices will go up. You can whine about it, or you can profit from it. Very recently Vladimir Putin, and some top Russian/Soviet spies have compared the US planned economy to their own back then, and the whole situation to the Soviet situation just before the end. So avoid this ridiculous "passive investing" nonsense, and be prepared to run for the exits! I think Gorbachev talked of this too, or is it just my imagination? Probably he mentionned it between 2 sentences while whining about "we could have saved the Soviet Union if only...". Not that it would be relevant... Ramblings of a delusional senile old man... > USDMXN: For the first time since 2018 the Mexican central bank raises rates *********************** The pesos is undervalued relative to the USD by what? 50%? Good guys. Altruists. Seems like altruism has its limits, as Mehico, number 2 sucker to America after China (but really number 3 behind the European Union), seems to want to strengthen their currency a bit. Inflation has skyrocketted, doubling in 2 months to 6% annualized. Their target is 3%. Last time inflation was this high was in 2017 just before the last rate increase. They only brought the rate from 4% to 4.25%. The US suck in all the capital, all the workers, all the entrepreneurs, all the investments. Not much longer by the looks of it. Kill America to Build Back Better. Hey! That may not be what they had in mind but that's going to be one successful operation. It was not fair that this "superpower" (pbui) was sucking everything in, and exporting its inflation. The downtrend is very hard to start (bull markets are born in pessimism), but at some point it accelerates very fast, simple crowd science. Look at crowds that dance. First a few "weirdos" dance all by themselves, for a while. Then a few people join. And quickly it accelerates and trends. And before you know it the people not dancing are the weird ones, the "anti-social", "what's wrong with you? you're in a bad mood?" lmao 5 minutes ago you were saying the ones dancing were ankward autists on drugs. Just a matter of time. As always, it's all about simple patience. Well not too much patience the death of the USD might have already started. Even if US inflation reduces like Japan did in the 90s atfer a quick spike up, there is no way the north americans will continue to suck the whole world wealth, and countries like Mexico will get their fair share. > 10 days after ending the mask mandate highly praised 💉 Israel brings it back *********************** 🙂 Wow, who would have thought? "Take the damn jab and life will go back to normal". They love this phrase "A return to normalcy". "HURRAY! Back to normal!". "Last time they said". Cracks me up every time. What they all fail to grasp is: This is not a video game. There is no magical one size fits all solution that will just beat the boss and move to the next level. This is not a Zombie movie where the ending is Morgan Freeman narrating "And so they found THE CURE and the zombie outbreak (magically) ended and everything went back to normal we rebuilt everyone was happy the end". Children... I am calling it now: - The number of deaths in the US and EU will double, bringing the "over average" peak from ~10% to ~100%. They'll use it for fearmongering. - The restrictions will continue (for a virus or the climate). They've been fascinated by China totalitarian methods and masks for a while. - EU economies will continue their decline, perhaps it will accelerate (how can Greece decline even more?) - Coronaviruses, which are much older than humans, are not going to go away (I have no polite word for the big brains that think so) - There will be other infectious diseases too obviously > Bitcoin hoovering around year lows and there is less than 1 month till TSLA 10-Q *********************** Bitcoin is still around year lows, and by extension at best at the price Elon Musk bought when he decided to gamble his investors (and taxpayers) money. China, just like september 2017, is cracking down on crypto. Bear trap perhaps. Bull whales can still go down before a big rally. Hey where did the Buffalo factory money go? In gambling Bitcoin? So this is where it went? Cathy Wood, a dumb fraud victim famous for getting lucky with Tesla and mistaking luck for talent, has - big surprise - gambled on Bitcoin 🙂 She bought 1 million share of the Grayscale Bitcoin Trust. I didn't really look into it but it has a 30% premium, so it's literally made up of idiots throwing money at anyone that wants to do arbitrage but my gut tells me this is too easy so I'm guessing one simply cannot cash out of this ponzi scheme. I did not do my research all I know is there is a big premium. Ah that's what is great about dumbasses that think they are geniuses. Jérôme Kerviel. Nick Leeson. "Legends" on the internet. 16 years old prodigies. They never learn their lesson without getting hurt. So the really lucky ones are those that lose at the start. All these gamblers and fraud victims get false positive feedback and double up on their risky casino bets. And then get hurt. Badly. "Normies" will brush off smart people and believe scammers, trolls and gamblers. Seems unfair that stupid trolls get lucky. But what's cool is we know for a fact that sooner or later they will get hurt. All it takes is patience. They all end up burning themselves. I hope Elon Musk goes to jail where he belongs. And Cathie Wood gets ridiculed as it should be. Might be soon, might be later. But it will happen.
by MrRenev
Relief Reversal for Bitcoin Is Almost HereHello all The past few weeks have been a very very tough for permabulls. After the historic liquidation session in May, an overwhelmingly bearish sentiment shook the markets and especially short-term paper handed b*tches. On-chain data was not too bright either, leading to the question whether it should be renamed to Ponzi-coin. Bitcoin was going to zero, or so the bears claimed. Then, the historical Bitcoin law passed El Salvador at LIGHTNING speed, which led to a cascade of Latin American lawmakers expressing the wish to discuss Bitcoin in their respective parliaments. Also, MSTR announcing another 500 million of bitcoin buys helped to turn the narrative. Bulls rejoiced and here we are. For now, focusing on the current price action: Bitcoin has been stuck between in a descending channel between the 30k and 40k range, making lower highs with every attempt to break the 40k. Several test of the 30k demonstrated a strong demand zone, so every touch was met by overbidding buyers. The price action got stuck for a while in a symmetrical triangle, which broke to the downside. Bulls didn't allow it and the bearish momentum was broken until finally an inverse head and shoulders was painted. A newly formed demand zone at approximately 36k will be the launching pad for the coming right shoulder. Optimistic traders can look for long trades on a close over the neckline, but more conservative traders can add another major confluence, i.e. the resistance at 40.5k. Either way, risk rewards ratio should be acceptable. If the rocket turns out a dud, or bulls fail to break the 40.5k, will definitely mean more indecisiveness in the 37-40k range and even a revisit of the 30k. Then discussions on how to rename Bitcoin will resurface. If you enjoyed this, leave a like. Comments are welcome.
BITSTAMP:BTCUSDLong
by PumpyDumpy
3
Bitcoin baghodlers will buy ETHER at $2500Always late to the party haha. The Bitcoin ponzi is over. Future is with the new Ethereum ponzi. Better than deadponzicoin by every measure. Let's look at a few charts. It could hesitate before going, but it's pretty fomo so maybe it just goes from there. Hey look at what silver did You'll never be 100% sure. Might even not get filled. In June 2017 ETH came close to flippening BTC, it had I think over 80% of BTC market cap. The absolute bottom of investors, the shoe shine boys heard of BTC so that's what they bought and then BTC/ETH went skyrocketing, but you really think it is impossible we see a flippening in the coming years? BTC sheepish baghodlers are going to miss out - AGAIN - and rage buy at the top - AGAIN - and insult and argue with bears - AGAIN - and hold the bag - AGAIN. The ponzi is dead. Long live the ponzi!
COINBASE:ETHUSDLong
by MrRenev
6