The Investment Thread (4 Viewers)

[St. Geezy]

The predicted crypto walk-down has begun, even sooner than I expected. They usually wait until the middle of the night to pilfer people's money from them.

 

[Mr. Blue Sky]

The predicted crypto walk-down has begun, even sooner than I expected. They usually wait until the middle of the night to pilfer people's money from them.

I was not an economics major in school.. and god knows , my knowledge of the market is rudimentary at best.. but for the life of me, i cant figure out why crypto in general, isnt higher in value than it currently is.. there seem to be many, many of us who “believe” in it, and have put of money where our proverbial mouths are… i guess not enough folks with deep pockets have gone all in yet, but i expect that to change.

 

[St. Geezy]

I was not an economics major in school.. and god knows , my knowledge of the market is rudimentary at best.. but for the life of me, i cant figure out why crypto in general, isnt higher in value than it currently is.. there seem to be many, many of us who “believe” in it, and have put of money where our proverbial mouths are… i guess not enough folks with deep pockets have gone all in yet, but i expect that to change.

The first part of your post can be said for me as well, but I feel the opposite. I have no idea why it is as high as it is.

Well, I do have a theory, which has been alluded to many times on this thread, I should say.

 

[Turfie]

Lowest volume for GME in over 4 years. Crazy it’s so low on the NYSE but remains one of the most traded stocks in most other countries.

GME went even lower today. On a Monday.

 

[Turfie]

GME went even lower today. On a Monday.

Even lower today. 1,150,000. Insane. Illiquid. I cannot imagine what a forced 200+ million share buy order will do.

 

[St. Geezy]

Bitcoin is holding up a lot better than I expected this week, I must admit. I thought for sure we were set to see a massive dump, but it has gotten over $40k for the first time in a good while.

I just hope the retail people buying aren't being herded into a bull trap.

 

[Mr. Blue Sky]

Bitcoin is holding up a lot better than I expected this week, I must admit. I thought for sure we were set to see a massive dump, but it has gotten over $40k for the first time in a good while.

I just hope the retail people buying aren't being herded into a bull trap.

What’s with the pessimism ? Seriously, you mentioned in another post earlier that you disagreed with me about the future of crypto, where does that come from ? I’m not saying that one should walk around oblivious to what’s going on around them; quite the contrary.. but when so many signs are pointing to a bright future for crypto, certain NFL players taking all their salary in Bitcoin, Amazon starting to accept crypto and many other examples- why cant some people see it succeeding ?

 

[Arathrael]

What’s with the pessimism ? Seriously, you mentioned in another post earlier that you disagreed with me about the future of crypto, where does that come from ? I’m not saying that one should walk around oblivious to what’s going on around them; quite the contrary.. but when so many signs are pointing to a bright future for crypto, certain NFL players taking all their salary in Bitcoin, Amazon starting to accept crypto and many other examples- why cant some people see it succeeding ?

Amazon isn't starting to accept crypto, they're hiring someone to help them explore it. Not quite the same thing.

As for why pessimism, specifically regarding bitcoin, its value is currently largely driven by speculation, not utility, and in terms of utility, other cryptocurrencies and even non-cryptocurrency solutions are typically better suited to applications than bitcoin is. So it's two questions, whether that speculation is ultimately sustainable, and/or whether it can reach a point where its value is sustained by utility instead, even against competition from other cryptocurrencies and non-cryptocurrency solutions. And I can easily see why some people would take a more pessimistic stance on the outlook there.

 

[Turfie]

I have no problem with a standard short position. Think a stock has a bleak future? Fine go ahead and short it. A few months go on and you want to increase your short position? Be my guest.

But things like daily short laddering. Or failing to properly mark a short position needs to stop. I also don’t think securities should be eligible to short if that stock is already counterfeited to oblivion. For that matter, buying counterfeited stocks should be banned too. Funny enough counterfeit shares is illegal. But no enforcement exists.

 

[St. Geezy]

What’s with the pessimism ? Seriously, you mentioned in another post earlier that you disagreed with me about the future of crypto, where does that come from ? I’m not saying that one should walk around oblivious to what’s going on around them; quite the contrary.. but when so many signs are pointing to a bright future for crypto, certain NFL players taking all their salary in Bitcoin, Amazon starting to accept crypto and many other examples- why cant some people see it succeeding ?

In addition to what Arathrael said, just from tracking it closely in relation to the over-shorted stocks, or just tracking the price fluctuations in general on the chart, it to me appears to be more of a massive pump and dump revenue producer for large institutions rather than anything you can count on as a sound fundamentals play. Especially when factoring in the timing of the dumps, which tend to occur overnight while people are asleep.

That's just me though and should not be taken as fact, as I am no expert. I just personally don't trust the concept and price movements of crypto right now.

 

[Kegger]

Especially when factoring in the timing of the dumps, which tend to occur overnight while people are asleep.

Bitcoin is bought and sold globally. There is no 'overnight'. Why does it matter when the dump happens though? Dumps happen quick, so even if I'm awake I'm probably not watching right when it happens. If you're worried about a dump, most exchanges let you do stop sells.

 

[Mr. Blue Sky]

Bitcoin is bought and sold globally. There is no 'overnight'. Why does it matter when the dump happens though? Dumps happen quick, so even if I'm awake I'm probably not watching right when it happens. If you're worried about a dump, most exchanges let you do stop sells.

This is exactly right…. Crypto never sleeps.

 

[St. Geezy]

Bitcoin is bought and sold globally. There is no 'overnight'. Why does it matter when the dump happens though? Dumps happen quick, so even if I'm awake I'm probably not watching right when it happens. If you're worried about a dump, most exchanges let you do stop sells.

Yes but that is when the dumps primarily happen, overnight in America. I and many others have been tracking it very closely for months now, due to its correlation to the over-shorted stocks. In fact, the big overnight dumps began right around the time The Citadel's offices starting being active overnight every single night, which is likely not a coincidence.

And no, I am not "worried about a dump," because I choose not to invest in it.

 

[St. Geezy]

Here is Bitcoin versus AMC for the past few months. There is always a slight 24 to 48 hour lag between the Bitcoin dumps followed by AMC pumps. The correlation started as far back as late December/early January, though the consistency patterns have started deviating in the past week or so.

In fact, there have been many times where it was easy to predict. Every single Thursday and Friday for awhile, there was a big pump across crypto, and you could easily predict that either Saturday night or Sunday night, the price was going to fall.

 

[St. Geezy]

One last illustration to consider....take a look at this latest chart. These lines I have circled are clearly indicative of intentional pumping and dumping at an institutional level, and is a prevalent pattern throughout the Bitcoin chart.

They raise the price by buying in bulk and spoofing it up, let it flow naturally for a bit, then suddenly sell in bulk, consistently. These are not natural stock chart movements, especially in such a short time frame and especially when it is consistently done for months.

These are, to me and many, a clear indication of a high stakes entity or entities (bank institution/hedge fund level) continuously using this to generate quick revenue by taking donations from retail buyers. That's my read and the read of many others, but that does not make it fact obviously.

And, as I said above, it pretty much ALWAYS coincides with the price movements on the over-shorted stocks, especially prior to gamma squeeze type events.

Sorry, but crypto just ain't for me. I personally just don't like the activity on it, and overall don't trust the concept after these past few months of close observation. To me, I may as well go to Harrah's and play the quarter slots.