I thought every one figured out this was a blatant ponzi scheme. Insiders did make up fake partnerships. Insiders (cost basis of zero btw) did keep selling in plain sight. Incredible... They sure don't call it "dumb money" for nothing. From 3.50 to 0.0005 LOL! This will be hilarous. Probably bounces on the way down, but ultimate fate is ZERO. I see a big buy...
Niiice. How is this legal? Not like it is a surprise or anything, but this is not fair to dumb money. Not like it would make a difference dumb money would ignore it anyway... But, still, it seems like something that should not be legal... From 250$ that was a good start to sell as I said, but perfect entry short would be 275$. I am focussing on other things...
A few hours till DBK earnings release. Their quaterly results are available and are bad. Let's see how this goes... DBK has a little more derivatives exposure than JPM (the biggest US one) and more than Lehman Brothers had inflation adjusted. 49 trillion. It has been collapsing before our eyes for the past years and more even recently. Could be pretty...
I do not have an Enron chart to show here... The 2 examples I can think of (they did not go to zero) that provided a great short entry: I am not sure... Need to study multiple charts... But I think in this case the right entry should be: How are baggies going to react? Follow Robintrack to know. And Twitter and CNBC. FOMO FOMO FOMO? Then short...
Price is in supply area Going to bet on a fake bull break bait. I will probably get stopped or be right but not get filled. Nothing else going on, that I know of. With decision makers away maybe there are no sell orders and the suckers buying in a solid resistance will see the price go up up up as more suckers buy and they scam each other. Maybe everything...
Are you a team player? No great project was done by a single person, doing something as a team is an immense strength I cannot stress that enough. On this site if I remember right I talked alot about famous speculators, Ray Dalio, Paul Tudor Jones, Jesse Livermore, George Soros... But I would like to take a look at the famous ones that made the decision to join a...
Gold. If I had to make a call I'd say it will go up until 1550 but I don't know. I won't short it that's for sure. Price is hesitating after a bull break... I could buy but right now I would rather not. I do not know if I can trust anything at the moment unless it is on a daily timeframe or higher. DBK presents their earnings in 2-3 days, if this starts a Lehman...
"We just need to cool off for the next rally". I think this will be complacency (again -.-). The July-August period is always boring (60% of the time everytime). Bitcoin might have been different in the past I don't even know, when it was 90% made up of basement dwellers and 13 yo. But now it will be like the rest. I was suggested to look at stocks, I like the...
Ray Dalio made a post about how and why he thinks we are going towards a paradigm shift. What I know is this bubble is going to violently collapse and it will be biblical. Jeff Besos is already planning his way off this planet. What I heard is every rich person was planning how he will manage his bunker, security guards etc, OR ways off the planet. The end of the...
So what it looks the same? So what the herd behaves the same? So what P/E ratios are the same? So what political climate is the same? So what the list goes on and on the same? So what gold price is again at a historical low just the same? So what professionals knew and took advantage anyway and now its just the same? So what interest rates are just the same? So...
Unless you are rich already, this period is pretty depressing... Waste of time to try too hard to look for trades... Only if you have nothing better to do. Also can be a time to learn about things work on strategies all that stuff. By next summer I hope I am where I want to be money wise, and I will take some vacation 100% away from markets. I looked around and...
Rince and repeat... Not going to waste too much time explaining this those that don't understand the chart don't understand my explanations either anyway (and don't read I assume). They were euphoric. Telling every one how right they were ("I am a genius"), the natural next step is complacency which we are clealry experiencing in my eyes "we just need to cool...
I got criticized alot for shorting BTC at 4000 5500 8000 9000 and holding as long as it went my way, while BTC was on the way up. (These were all local highs but w/e low IQ). So, right now, every single little troll that criticize me for considering that BTC 50% retrace might be the top, should RIGHT now go buy AS MUCH ALTS as they can. I want to see it. Post...
There are 2 types of people that do countertrend: - Those at the very bottom - Those at the very top (For those that did not learn maths post high school or is it in high school and didn't learn by themselves either: this does not mean that ALL people at the bottom or at the top do this... I think the majority of bottom feeders go for this, but for those at the...
Another fun story :D By the way, the number of baghodlers on Tesla is down now that the price went up. Got their chance to break even on idiotic buys. DB baggies spiked during the whole day of the 08 July. Did some guru tell his gullible paid group to buy the "bottom"? Or whale uses Baginhood? DB baggies have been following the usual baggy path: exact opposite to...
I heard from very good sources that there were Bitcoin investors within institutions... ... Mental institutions. Technically true. Sorry for this lame joke :'( Stole it from Tr0llyTrollFace Bitcoin investors are more stupid and mentally unhealthy than usual. But not really compared to retail investors if you read from the past, they have always been this...
Year - 5 billion to -10,000: The world is a primitive dump. Humans appear at some point and how to put it simply, wipe their behinds with their hands. Year -10,000 to 1300: Cities start popping around rivers, in particular the mediterranean region is a very big deal. With the establishement of trade routes (also war had a little bit to do with this) the world...