EPTTrading/Investing Thread - Page 85
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Manit0u
Poland17733 Posts
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{CC}StealthBlue
United States41117 Posts
https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf | ||
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BrTarolg
United Kingdom3574 Posts
pretty sure gonna hit somewhere between 2000 and 3000% returns this yr | ||
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Emnjay808
United States10665 Posts
I know shit all when it comes to crytpo but it’s hard to ignore the hype and fomo. | ||
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Manit0u
Poland17733 Posts
This is quite interesting and informative I think. Burry is betting against crypto. | ||
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BrTarolg
United Kingdom3574 Posts
On October 21 2021 04:55 Emnjay808 wrote: Ahh man BTC. I was pondering buying a fractional share when I took my profits from doge. I know shit all when it comes to crytpo but it’s hard to ignore the hype and fomo. conviction is pretty important, theres a reason why some ppl are so overly allocated if you don't have the same conviction and fundamental reasoning as to why that is, then yeah it's all just gambling and fomo/greed if you're in for the right reasons then most people feel they are still *incredibly* early | ||
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FreakyDroid
Macedonia2616 Posts
On October 21 2021 03:38 BrTarolg wrote: btc ath wee pretty sure gonna hit somewhere between 2000 and 3000% returns this yr 20-30x on Bitcoin in 2 months? Im super curious what makes you think that. On October 19 2021 07:17 {CC}StealthBlue wrote: SEC Report on GME is out. https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf Good summary in a short video On October 21 2021 10:04 Manit0u wrote: https://www.youtube.com/watch?v=ZHXPa2K97PU This is quite interesting and informative I think. Burry is betting against crypto. I've been following his twitter rants over the last months or so and I tend to agree with him on pretty much everything, from general outlook on the economy to crypto. However, I think most people think that the crash is imminent and can happen tomorrow, but that's not how markets, including the crypto markets work. It will come when no one expects it. I've been in crypto since 2014, but what Im seeing in the last 2 years worries me too, mostly the cult like behavior and dismissal of valid concerns like Tether for instance, the adoption of BTC as legal tender in El Salvador via a custodial wallet, which completely goes against decentralization as one company controls all the wallets just like a bank, yet the crypto maximalists who preach decentralization are in favor of this? Makes absolutely no effin sense imo. People who raise these valid concerns are ridiculed and market participants either ignore them or dismiss them as FUD. That is a recipe for a disaster imo and we have plenty of examples in the past where that type of behavior leads to lots of people getting rekt. I think that's what Burry is betting against, basically betting against the irrationality of the market participants. | ||
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Salazarz
Korea (South)2591 Posts
I'm about as far as it gets from a Bitcoin believer or whatever, but the calls for a crash of crypto markets are honestly just funny by now. Of course it'll crash at some point -- and then bubble up again, and crash again, and so on. It's the world's most accessible and most fair casino, and as such, it isn't going anywhere; fundamentals shmundamentals be damned. | ||
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{CC}StealthBlue
United States41117 Posts
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FreakyDroid
Macedonia2616 Posts
Similar shit on FTX and Kraken, 52k and 54k wicks. I was trying to see the trade history on Binance US to see if it was some kind of glitch or some orders were actually filled, but of course you can't do that because you can only see the last 50 or so trades. Its a casino indeed, but to call it fair is dishonest at best and incredibly naïve at worst. | ||
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Salazarz
Korea (South)2591 Posts
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{CC}StealthBlue
United States41117 Posts
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BrTarolg
United Kingdom3574 Posts
On October 21 2021 19:51 FreakyDroid wrote: 20-30x on Bitcoin in 2 months? Im super curious what makes you think that. . no just personal account returns i trade on defi for a living | ||
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Manit0u
Poland17733 Posts
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Emnjay808
United States10665 Posts
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BrTarolg
United Kingdom3574 Posts
On October 21 2021 22:13 FreakyDroid wrote: https://www.tradingview.com/x/kylu4VFj/ Similar shit on FTX and Kraken, 52k and 54k wicks. I was trying to see the trade history on Binance US to see if it was some kind of glitch or some orders were actually filled, but of course you can't do that because you can only see the last 50 or so trades. Its a casino indeed, but to call it fair is dishonest at best and incredibly naïve at worst. just don't be an overleveraged ape of course ppl are gonna wick you like that when they see you leveraging up binance us idk though, that site is kind of a scam lol. I do 99% of my trading onchain so like none of this is ever an issue for me. All the opportunities for anyone <8-9 figs is onchain | ||
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{CC}StealthBlue
United States41117 Posts
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arbiter_md
Moldova1219 Posts
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LegalLord
United States13779 Posts
On October 22 2021 19:42 arbiter_md wrote: Wow, guess now everyone can go back to buying stuff for the next 3 months. Wonder if anybody sold most of their stock because of this deadline that was so close. I'm sure some did. It doesn't seem like a good idea though, even if the default did happen. It would have been based on news that's several weeks old, and the forecasted impact seems magnified by the fact that people on some level want it to be doom & gloom when the culprit is China. It seems pretty clear that China is going to do some form of managed bankruptcy here. Playing "time the market" is really iffy without insider info anyhow. If you're just guessing, better to just ride the ups and downs. You'll lose if you get on the bad side of a Japan-like slump, but there's not a whole lot of winners in that kind of situation anyways. | ||
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FreakyDroid
Macedonia2616 Posts
On October 22 2021 12:01 BrTarolg wrote: just don't be an overleveraged ape of course ppl are gonna wick you like that when they see you leveraging up binance us idk though, that site is kind of a scam lol. I do 99% of my trading onchain so like none of this is ever an issue for me. All the opportunities for anyone <8-9 figs is onchain I never use leverage and I dont even trade on that exchange lol, in fact I only use Dexes because I dont trust any centralized exchange. I wasn't talking about myself, I was simply pointing out scammy behavior by bots/algos on crypto exchanges, which is what happened on Binance US. https://www.theblockcrypto.com/post/121657/binance-us-blames-bitcoin-flash-crash-to-8200-on-a-bug-in-a-clients-trading-algorithm Then they pretend its an honest mistake lol. I've been in this space since 2014 to know that this is most likely not the case and that it was done on purpose because it happened on multiple exchanges (not to that extreme effect) on multiple coins. | ||
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