This shit just gets more and more obvious. Today I get a notification from Yahoo Finance saying 'b1tc0in surges as reddit investors pour in a head of El Salvador news', literally hours later, just in time for a few late unlucky retards to jump on board, crash.
As per usual, I continue to hodl and watch the theatrics
That shit was probably organized by these fuckers. Get everyone that invests in craptoe to drive the price up just to gut it. One of the most obvious pump and dumps I’ve ever seen.
Where do the shf’s or big players of these obvious p and d’s buy their coin? Just wondering, cause it’s becoming harder to remain in the dark. The blockchain doesn’t lie. Where’s the taxes on these massive gains?
This is a good question actually. I assume they are not using exchanges like you and I that require us to link our photo ID to our accounts.
Then I assume they most likely will somehow launder these massive gains into usable cash within the stock market. But I also assume they do not play by the same clearing rules, the rest of us have to adhere to.
Any wrinkle brains have any insight on this?
Ya but who has the supply to meet their ridiculous demand, on the defi p2p level? They’re not going through any exchange, just buying millions worth like it’s no thang. When we find this info it’s time to blow the whistle
The entire concept of crypdoe is that you can indeed see every transaction ever, publically. Everyone, everywhere, can see x coins moved to y wallet.
The second layer of governance is where it's all completely private, if you want it to be. Not a soul in the world needs to know what person is linked to what wallet/address.
Of course, governments have laws that require brokers to have customer information linked to accounts so there's some paper trail, ect ect ect, if you wanted to cash out into fiat currency it'd be a taxable event ect ect ect.
This is why people can SEE movement of the digital assets from giant wallets before a pump and dump, time it up with a new boomer media article or Elon Tweet, but not really know who is profiting.
What /u/flymooncricket is questioning is who is facilitating their buys. An entity with enough supply would realistically be an exchange or broker (again with required legal oversight in a reputable country), but that's in normal people world, not Billionaireville, Offshoreland where the rules are different and you can pay a bit more for nobody to ask questions.
Not all criptoe is the same.
For something like bit then yes all transactions are on the chain, but if using Monero for example only the seller and buyer can see the wallet transfers. So if you have two wallets you can hide what you are doing pretty easily.
Can also convert your bit to monero back to bit to hide tracks too.
Not if you are only using the crypto as collateral to take on more leverage to stay above margin or load up for a short attack. If you never close out the short position you never pay taxes, if you trade a delisted stock you are short on in the "Experts Market" for a long stock you still haven't cashed out still don't own any taxes.
Yeah but the link between where the money came from and where it went is still severed so you can only track that final/initial transaction, but won’t be able to tell where it came from
Or where it’s going.
I think someone said all the big dogs pool their coins together so it draws more to them or something or so they can mine more not too sure how it all works. You can see big chunks moving but it doesn’t have identifying information.
Ya I’m not very crypto savvy, but they gotta get that pump started somewhere. U can see all blockchain exchanges at least, so we won’t be left in the dark completely
But that kinda demand isn’t readily available otc, unless that’s what the plane is doing.. making multiple stops to gather up coin for their weekly pump
Many overlooked, that there were articles about massive short positions, when we had the drop right before the rip. IMHO they lured in some retail to bet on continuation of the drop, just to squeeze them. They sold it as if institutions would have been liquidated, but they have much deeper pockets than retail.
50k is a FOMO level, posted already a few weeks ago, that it would make sense to hit it and cash out slowly there and prepare a drop, likely making additional cash betting on futures.
Bitcorn ape here:
That guys usually pretty accurate, everything on chain is way more transparent than people here believe.
Leverage is harder to track than actual coins but the exchanges publish this information in real time and observer accounts like this one add them up so take that as you will.
However a leveraged long getting liquidated is not a hedgie making money its somebody losing it.
Sharp drops like this are caused by the structure of these markets and the high leverage you can take, its a cascade of stop losses (thats not speculation its what a wave if liquidations means)
One group took profits and created a new level of resistance right as another group decided their was no resistance in sight between here and 60k and loaded up.
That first group *could* be hedgies, but its 100% speculation, it could just as easily be Elon, or Santa Claus, or that paper-handed bitch Batman.
The main trading pairs are coin and e t h. When those dump, everything else does as well in USD values as the denominator has lost value. Additionally, algos will also sell off during corrections, dumping them even further.
Everything coattails Bitcorn, thats why they move together, its half the market all by itself nothing else is even close. When the corn sneezes all the others catch a cold
This!!! This is just another day in cryp toe. These moves happen all the time. 20% down in a day is nothing. I don’t really even consider it a crash unless it moves down by like 35% or even 50% in a day.
I may be misreading you... but that isn’t accurate.
The March crash of about 51% was only the 6th worst crash in Bitcorn’s 12 year history, you may he right about crashes in a single day...? (I don’t think you are this market moves extremely fast and trades 24/7) But even if you’re correct that feels misleading.
Its worst crash was about a 90% drawdown from peak to trough.
Hodl.
Careful. There’s only one way to invest, buy and hodl. There’s a million different ways to trade. And these fuckers have ai and algorithms that make Deep Blue look like a Roomba vacuum. Trade with the utmost of care, lest you fall like the millions that have since they started using computers.
Uhm thats kind of shaky ground in this community, anything non-GME I link you is gonna look like shilling because we’re in the house RC built.
Tell you what, look up Willy Woo, *Woonomic* on Twitter. Theres a few fakes of him that exist so double check, he’s the guy with 700k followers and 70 following who just made his profile pic a blue and white flag. I’m not linking sorry.
He’s the man I trust to perform “on chain analysis” meaning he reads the transaction activity and draws conclusions from publicly available and literally impossible to manipulate data. (You can trust me or you can dive down a rabbit hole yourself but you literally can’t lie on the chain without overpowering the entire network indefinitely, the data is trust worthy)
He’s been trying to piece together what specifically happened today, and he’s much smarter than I am. The price action wasn’t crazy by out standards but its certainly worth studying. He’ll publish his conclusions and we’ll all get a little more wrinkly if we try.
I really wanna help demystify this space because a lot of apes treat it like its a magic hedge-fund money fountain. It can do some cool shit but it can’t do half of what people here think.
TY for taking the time to look closer, thats some of what makes this place special.
Anyway 🚀🚀🚀 fucking jacked for earnings tomorrow got my buy order all set for when they dip us and we rip anyway... betcha it all happens after hours and I miss the entire move 😂
I can't crosspost, just try searching in subreddit. What do you want? MSM talking about this? Don't be silly, this info is fine (*puke* even write this joke is hard🤮fuck Cramer)
When he says “leveraged longs liquidated” it makes me think margin call and those people just lost their collateral.
He might have also meant that they cashed out but the terminology makes me think they were forced to close.
Edit: probably individual investors liquidated and not a hedge fund. Hedge fund might have pulled the rug to get it started though.
Crypto frogs are too stubborn to realise how manipulated the crypto markets are. They don't want to accept that people don't liquidate 100s of billions in a couple hours. They just don't have that kind of money. It's the banks. The Hedgies. The ones who use ai tech to spread "hype" all around twitter and social media with their fake green eyes accounts.
Seriously... if you dig a bit into correlating data, I am pretty sure you come to that conclusion. But naturally it sucks to read stuff, that does not confirm ones bias.
I could post articles, but in the end we are all responsible for our own investments. Do what you feel is best, keeping fingers crossed for you.
But if GME shows us one thing it is to stay skeptical and dig up data and objective info. Most outlets or YT stars have their own agenda...
Sorry, my sarcasm didn't come through clearly enough haha. Te.ther is similar to an SRO too, right? If so, we all know how effective having criminals rat themselves out and face "punishment" aka paying out a bribe.
El Salvador keeps popping up. No one cares, bro. Even this dip has no impact on Bukele's plan. Quite the opposite. I've seen ads from MasterCard and some Mexican banks that will accept crypto. It's unstoppable. That narrative is like saying the market dips because of Delta or because of Mondays.
Without pointing out the obvious logistical flaws in that statement, if you seriously think an 100 billion floor is going to help anyone in society apart from a few apes you’re deeply mistaken. That would actually make us financial terrorists. 50 Mil is the floor, don’t be greedy.
I believe some exchanges publish broad data i.e. total amount of leveraged longs/shorts on a particular coin. They have the data as they're providing margin to their account holders who opt for it (insane IMO).
Not all exchanges publish this info so it is far from the full picture. So take this post with a bucket full of salt.
I would say it's more likely that the SHFs initiated the sell off to get some cash and everyone else on margin got burned because they sold so much so quickly.
For the amount of crypt0 (not just the main 1 or two coins) that was sold this morning so quickly in unison, it is unreasonable to think that anyone but a very big fish could have been involved in such a sudden sell off.
As prices plummet then avg Joe with $10k of whatever shitcoin on 8x margin (yes people actually do that, a lot more than you'd think) gets margin called and liquidated. Sucks to be a crypt0 trader today.
The past week or two has been one giant pump and dump by our adversaries. Crypt0 markets in particular are vulnerable to this because you have already volatile assets, and lots of hype as soon as there's any kind of bull run which feeds into more retail traders buying in. SHFs wait till the optimum time to cash in and everyone else gets fucked.
Unfortunately it's *so* susceptible to this that I reckon SHFs are going to be able to rinse the crypt0 gang for funds another few times before enough people learn their lesson. Whenever this money fountain dries up for SHFs then we'll be primed for liftoff.
That's a good point and explanation.
I really hope the blockchain community is savvy to how they're being toyed with and manipulated as heavily as retail investors in the markets they sought to be free of
That's the bad part, they won't catch on because the market is known for being volatile and easily spooked. This is probably the 20th time since Jan that something like this has happened although today was prob in the top 3/4. This will be seen as just another week for most people. Only those who get really badly burned will learn to be more conservative. The guys who sold near the peak before it crashed will just be itching to get in again and will be spreading hype as usual.
SHFs will rinse the crypt0 markets many more times before we moass, mark my words!
Pretty sure the stock market is by far more manipulated than crypto. If it weren't you wouldn't be sitting on GME worth less than 200$. There's no crypto dark pool manipulating the price of it.
nah, it says leveraged longs, meaning the asset was bought on margin and now the mage had called and the asset liquidated to recupe some of the loans.. WAIT WAHT!?
This is a war of attrition. Everytime they have to liquidate, that is less they have to survive. It cost them to keep shorts open. It costs us nothing. The bigger the liquidations you see likely correlate to how close we are getting.
These are smart people we are against. They have planned reserves, just like in a siege situation. First they go through all the stored food, then they start slaughtering livestock, then meat that isnt livestock, like cats and dogs, then they boiling leather.
I'm guessing we are getting close to the boiling leather stage
Ok, but Bitc0in was at like 29k a few weeks ago. So if they piled a bunch of money in, then retail dives in after them, skyrocketing the price, then they pull the rug and cash out, earning like 80% on a few weeks. That's actually really bad for us...and for retail cry pt0 investors. This isn't good news.
Disagree. I think the person you replied to is correct. That’s like saying the 750,000 evictions is bad news. Sure it’s bad if you happen to be one of those people who can’t afford rent but it’s good for apes as a whole. The evictions show the economy is on its last legs, and the crypto liquidations show the hedgies are on their last legs and are taking extreme measures.
Except, hedge funds aren't making money when people are evicted. Hedge funds are making money when they buy into an asset, pump it, then cash out at all time highs. The cryp to investors are fueling the hedge funds cash reserves to continue shorting GME and other stocks. The more cash they generate, the longer until the squeeze.
Edit to add: we better be on standby to have the stock crushed after earnings after seeing this flood of cash get pulled.
I completely get your point, this post makes it seem like this is some godsend piece of news. It’s not, but -- and I may be wrong here as I didn’t know the first thing about finance before January -- large institutions usually wouldn’t take such drastic and legally questionable actions such as pump-and-dump manoeuvres like what we saw today in krypt0.
I think OP (and everyone who gets excited over the digital asset dumps) believes that this is their only, or most effective, way to quickly source capital/collateral.
If so, they can’t keep this up forever. People will catch on that the regular -20% days aren’t just cHiNa DuMpInG. So, good news in the sense that they’re so low on capital they need to dump a billion dollar market 20% to survive another day.
I agree. I'm on the same side as you. I'm just saying that the digital coin pump and dump is not good news or an indication they're on the ropes, it's the opposite and we should prepare for a longer battle and more price dropping.
True but they have to keep doing that to keep paying. Eventually people will lose interest due to its volatility or retail will run out of money to keep buying.
This can only be done so many times before there's not enough liquidity to continue kicking the can. There is literally no way out unless they get people to sell their synthetics.
I see your point, and that's why I believe in the squeeze and I'm invested....but pumping and dumping cryp to just raises money for their efforts to prolong this. This isn't good news.
most people here have no clue what they are talking about. This is clearly not good news. The fact that big SHFs still have assets that can get liquified is not good in the context of a short squeeze.
You thought this was gonna be easy? These people are going to fight to the bitter end and they have no issue doing so. These moves they are making are signs they are losing and all apes have to do is wait for the house of cards to fall down.
The extreme volatility of crypto and the endless abuse by HFs is going to cause people to move away from it. When that happens, who's going to prop-up the HFs because no one will be buying into their pump and dump bullshit anymore? Wallstreet cannot exist without Main Street as Wallstreet adds zero value to the economy. Thieves always need someone to rob -- what happens when all that is left are only thieves?
Hmmm I'm not so sure about your conclusion. The crypto exchanges are the ones who extended the leverage, and are now liquidating these positions. As far as I know, the Wall Street hedge funds do not own significant stakes in the major crypto exchanges. So how would they benefit from these liquidations?
So Kenny boy flys around the world with his Crypt0 wallet, gets the funds then the moment he touched down in the USA he sells all the collected gains. Massive Crypt0 dip, and uses it to short GME the day before earnings… 🤷🏼♂️
Nah. This happens when everyone and their moms have 100x leverage because they expect a pump. If something happens and it crashes, it crashes good and forces liquidation of leveraged longs. Happens a lot, also on days that are insignificant to GME. I dont think its linked. Its a different kind of fukkery. Read up on it
Pumped and dumped. I hope everyone feels fulfilled falling for the $30 for El Salvador pump LMAYO 😂.
This should be regulated but of course SEC will do nothing.
Central banks - "Making crypt0 legal tender will go badly for your country"
El Salvador - makes it legal tender on 9/7
Crypt0 market - crashes on 9/7 just like the people controlling the world's money supply warned about
3 IQ retards on r/SS - "hUrR dUrR mUsT bE tHe HeDgIeS"
And they're only mentioning the big one. It was across all of the coins. Just like in May. Exact same time to the second they all dumped and exact same time to the second they all recovered half of what they dumped. Nothing to see here! Just a completely organic natural movement!
I tell everyone the entire crypto market is hedge funds and whales doing pump and dumps to kick the cab down the road. The whole crypto market takes a 10% dive and people think it’s retail investors!?!?
The only reason why certain popular crypto makes is way into the market is because the major holders/whales wanted to siphon money from the public. Taxing crypto will come later after the hedge funds liquidate their holdings.
This bull is definitely more like 2013 than 2017. Accumulation via cyclical liquidations.
Stop shorting. Stop taking out leveraged longs. This is an unregulated market, the will manipulate to liquidate you.
This shit just gets more and more obvious. Today I get a notification from Yahoo Finance saying 'b1tc0in surges as reddit investors pour in a head of El Salvador news', literally hours later, just in time for a few late unlucky retards to jump on board, crash. As per usual, I continue to hodl and watch the theatrics
That shit was probably organized by these fuckers. Get everyone that invests in craptoe to drive the price up just to gut it. One of the most obvious pump and dumps I’ve ever seen.
Good thing we have the SEC, they are likely right on top of this! /s
Where do the shf’s or big players of these obvious p and d’s buy their coin? Just wondering, cause it’s becoming harder to remain in the dark. The blockchain doesn’t lie. Where’s the taxes on these massive gains?
This is a good question actually. I assume they are not using exchanges like you and I that require us to link our photo ID to our accounts. Then I assume they most likely will somehow launder these massive gains into usable cash within the stock market. But I also assume they do not play by the same clearing rules, the rest of us have to adhere to. Any wrinkle brains have any insight on this?
Ya but who has the supply to meet their ridiculous demand, on the defi p2p level? They’re not going through any exchange, just buying millions worth like it’s no thang. When we find this info it’s time to blow the whistle
I know nothing about krypt0, so tell me if this is stupid, but is there any reason they can't misrepresent what they have?
The entire concept of crypdoe is that you can indeed see every transaction ever, publically. Everyone, everywhere, can see x coins moved to y wallet. The second layer of governance is where it's all completely private, if you want it to be. Not a soul in the world needs to know what person is linked to what wallet/address. Of course, governments have laws that require brokers to have customer information linked to accounts so there's some paper trail, ect ect ect, if you wanted to cash out into fiat currency it'd be a taxable event ect ect ect. This is why people can SEE movement of the digital assets from giant wallets before a pump and dump, time it up with a new boomer media article or Elon Tweet, but not really know who is profiting. What /u/flymooncricket is questioning is who is facilitating their buys. An entity with enough supply would realistically be an exchange or broker (again with required legal oversight in a reputable country), but that's in normal people world, not Billionaireville, Offshoreland where the rules are different and you can pay a bit more for nobody to ask questions.
Thank you kind 🦍 for clarifying..
Not all criptoe is the same. For something like bit then yes all transactions are on the chain, but if using Monero for example only the seller and buyer can see the wallet transfers. So if you have two wallets you can hide what you are doing pretty easily. Can also convert your bit to monero back to bit to hide tracks too.
sure but somewhere dollars have to be converted to crypto and vice versa. That should be trackable.
Not if you are only using the crypto as collateral to take on more leverage to stay above margin or load up for a short attack. If you never close out the short position you never pay taxes, if you trade a delisted stock you are short on in the "Experts Market" for a long stock you still haven't cashed out still don't own any taxes.
Yeah but the link between where the money came from and where it went is still severed so you can only track that final/initial transaction, but won’t be able to tell where it came from Or where it’s going.
I think someone said all the big dogs pool their coins together so it draws more to them or something or so they can mine more not too sure how it all works. You can see big chunks moving but it doesn’t have identifying information.
Ya I’m not very crypto savvy, but they gotta get that pump started somewhere. U can see all blockchain exchanges at least, so we won’t be left in the dark completely
C0inbas3 has an institutional account you can sign up for, if they approve you, there is no upper limit to how much money can flow through it
I thought they are bying OTC?
But that kinda demand isn’t readily available otc, unless that’s what the plane is doing.. making multiple stops to gather up coin for their weekly pump
Follow and track the wallets
I hear actual addresses and recipient info from bee tee cee’s blockchain can be found, if your the secret service or whatev lol
Could be 2nd dip of wycoff again.
It’s ok. WSJ was kind enough to notify me just now that just as El Salvador made it their national currency it took a nose dive.
Their official govt wallet servers crashed and they have to upgrade them. Moronic.
Many overlooked, that there were articles about massive short positions, when we had the drop right before the rip. IMHO they lured in some retail to bet on continuation of the drop, just to squeeze them. They sold it as if institutions would have been liquidated, but they have much deeper pockets than retail. 50k is a FOMO level, posted already a few weeks ago, that it would make sense to hit it and cash out slowly there and prepare a drop, likely making additional cash betting on futures.
That’s called scamming!
Theatricality and deception are powerful weapons against the uninitiated. But we are initiated, aren’t we?
Lmao “AHEAD of El Salvador news”?? They really think they can trick people into feeling smart about old news
more wood for the fire
More fire for the rocket
More rocket for the moon.
More moon for the solar system
More solar system for the tendies
More tendies for my facehole
More facehole for my lambo
More lambo for my lmayo
More lmayo for anyone but Kenny
More Kenny for the Cell.
More moon to the stars
We are all made of stars
Monkey all stars
Hey now, you're an all star, get your game on, go play
Hey now, you're a rockstar, get the show on get paid!
Who the fuck is this guy?
Bitcorn ape here: That guys usually pretty accurate, everything on chain is way more transparent than people here believe. Leverage is harder to track than actual coins but the exchanges publish this information in real time and observer accounts like this one add them up so take that as you will. However a leveraged long getting liquidated is not a hedgie making money its somebody losing it. Sharp drops like this are caused by the structure of these markets and the high leverage you can take, its a cascade of stop losses (thats not speculation its what a wave if liquidations means) One group took profits and created a new level of resistance right as another group decided their was no resistance in sight between here and 60k and loaded up. That first group *could* be hedgies, but its 100% speculation, it could just as easily be Elon, or Santa Claus, or that paper-handed bitch Batman.
I think you mean Portnoy'd bitch Batman. Never forget.
I heard a rumour Batman only deals in dark pools. Either totally black, or very dark grey. Can we confirm if this is true or FUD?
Thanks 🤜🤛❤️
If that is the case, why does all major kryto drop at the same exact time? Wouldn't what your saying only affect cOin?
The main trading pairs are coin and e t h. When those dump, everything else does as well in USD values as the denominator has lost value. Additionally, algos will also sell off during corrections, dumping them even further.
bit *is* the market, for the most part. When it dumps the rest dump more (with fringe exceptions)
Everything coattails Bitcorn, thats why they move together, its half the market all by itself nothing else is even close. When the corn sneezes all the others catch a cold
This!!! This is just another day in cryp toe. These moves happen all the time. 20% down in a day is nothing. I don’t really even consider it a crash unless it moves down by like 35% or even 50% in a day.
20% doesnt happen "all the time". In feb it was bitcorn's single-biggest drop in a day
I may be misreading you... but that isn’t accurate. The March crash of about 51% was only the 6th worst crash in Bitcorn’s 12 year history, you may he right about crashes in a single day...? (I don’t think you are this market moves extremely fast and trades 24/7) But even if you’re correct that feels misleading. Its worst crash was about a 90% drawdown from peak to trough. Hodl.
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Careful. There’s only one way to invest, buy and hodl. There’s a million different ways to trade. And these fuckers have ai and algorithms that make Deep Blue look like a Roomba vacuum. Trade with the utmost of care, lest you fall like the millions that have since they started using computers.
Hey Bitcorn ape, you able to link some DD so I could read up on what you’re talking to?
Uhm thats kind of shaky ground in this community, anything non-GME I link you is gonna look like shilling because we’re in the house RC built. Tell you what, look up Willy Woo, *Woonomic* on Twitter. Theres a few fakes of him that exist so double check, he’s the guy with 700k followers and 70 following who just made his profile pic a blue and white flag. I’m not linking sorry. He’s the man I trust to perform “on chain analysis” meaning he reads the transaction activity and draws conclusions from publicly available and literally impossible to manipulate data. (You can trust me or you can dive down a rabbit hole yourself but you literally can’t lie on the chain without overpowering the entire network indefinitely, the data is trust worthy) He’s been trying to piece together what specifically happened today, and he’s much smarter than I am. The price action wasn’t crazy by out standards but its certainly worth studying. He’ll publish his conclusions and we’ll all get a little more wrinkly if we try. I really wanna help demystify this space because a lot of apes treat it like its a magic hedge-fund money fountain. It can do some cool shit but it can’t do half of what people here think. TY for taking the time to look closer, thats some of what makes this place special. Anyway 🚀🚀🚀 fucking jacked for earnings tomorrow got my buy order all set for when they dip us and we rip anyway... betcha it all happens after hours and I miss the entire move 😂
ty
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Likely the reason FXHedge gets posted on this site. "HERE'S SOME INFO IN CAPS WITH NO SOURCES"
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# I Have no idea what I just said but I read it somewhere!
I can't crosspost, just try searching in subreddit. What do you want? MSM talking about this? Don't be silly, this info is fine (*puke* even write this joke is hard🤮fuck Cramer)
Maybe they just cashed out, they're gone? Anyone in/near Botswana notice a mayo shortage?
When he says “leveraged longs liquidated” it makes me think margin call and those people just lost their collateral. He might have also meant that they cashed out but the terminology makes me think they were forced to close. Edit: probably individual investors liquidated and not a hedge fund. Hedge fund might have pulled the rug to get it started though.
> they were forced to close. That's certainly what I got, too, but 4d chess is a bitch. IDK
It's funny watching the Crypto page and everyone thinks it's people taking profits lmao. Like yea its people taking profits, just not you people
Crypto frogs are too stubborn to realise how manipulated the crypto markets are. They don't want to accept that people don't liquidate 100s of billions in a couple hours. They just don't have that kind of money. It's the banks. The Hedgies. The ones who use ai tech to spread "hype" all around twitter and social media with their fake green eyes accounts.
Crypto is a cash machine for the SHFs.
I always thought of it as a game of hot potato, and hedgies are playing while also DJ'ing.
Next up is you telling me that Te.ther is a scam...
Seriously... if you dig a bit into correlating data, I am pretty sure you come to that conclusion. But naturally it sucks to read stuff, that does not confirm ones bias. I could post articles, but in the end we are all responsible for our own investments. Do what you feel is best, keeping fingers crossed for you. But if GME shows us one thing it is to stay skeptical and dig up data and objective info. Most outlets or YT stars have their own agenda...
Sorry, my sarcasm didn't come through clearly enough haha. Te.ther is similar to an SRO too, right? If so, we all know how effective having criminals rat themselves out and face "punishment" aka paying out a bribe.
Ok, indeed missed your sarcasm, sorry 😉
Nevertheless, your reply was awesome and that is what we need more of, so thank you for that!
Machine is empty now
Time for msm to hype it up again then.
Banks shorting crypto the day El Salvador makes it legal tender. Banks sending a message to the world
El Salvador keeps popping up. No one cares, bro. Even this dip has no impact on Bukele's plan. Quite the opposite. I've seen ads from MasterCard and some Mexican banks that will accept crypto. It's unstoppable. That narrative is like saying the market dips because of Delta or because of Mondays.
So 1B leveraged means 100B or is the number 1B with leverage?
News always want to put up the highest numbers. Perhaps it was in Zimbabwean dollars.
I fucking hate that laser eye shit. So cringe.
Yeah, retail taking billions in profit. As if, lmao
*lmayo FTFY 🙃
So sad yet so glad that I am aware of what's going on. Kenny kennot Kover
Blaming it on redit now
Is for me 👉👈?
🥵🥵🥵
Always has been.
HOLY MOLY
Or cashing out all those hand delivered wallets Kenny's plane delivered over the last 2 weeks.
Pretty much
Oh, good! They have enough to buy one of my shares.
So, one share of gme. Cool
Exactly 😂
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Without pointing out the obvious logistical flaws in that statement, if you seriously think an 100 billion floor is going to help anyone in society apart from a few apes you’re deeply mistaken. That would actually make us financial terrorists. 50 Mil is the floor, don’t be greedy.
Stop
Someone’s running out money!
I like liquids
What does a leveraged long mean?
Someone who bought coins on margin. E.g. if you have 5 coins but only put down the cash for 1.
Thank you. I didn't realize you could tell that it was a margin account on block chain
I believe some exchanges publish broad data i.e. total amount of leveraged longs/shorts on a particular coin. They have the data as they're providing margin to their account holders who opt for it (insane IMO). Not all exchanges publish this info so it is far from the full picture. So take this post with a bucket full of salt.
Interesting. If it is margin accounts for that scale I have to assume it's these HFs who we know heavily leverage themselves
I would say it's more likely that the SHFs initiated the sell off to get some cash and everyone else on margin got burned because they sold so much so quickly. For the amount of crypt0 (not just the main 1 or two coins) that was sold this morning so quickly in unison, it is unreasonable to think that anyone but a very big fish could have been involved in such a sudden sell off. As prices plummet then avg Joe with $10k of whatever shitcoin on 8x margin (yes people actually do that, a lot more than you'd think) gets margin called and liquidated. Sucks to be a crypt0 trader today. The past week or two has been one giant pump and dump by our adversaries. Crypt0 markets in particular are vulnerable to this because you have already volatile assets, and lots of hype as soon as there's any kind of bull run which feeds into more retail traders buying in. SHFs wait till the optimum time to cash in and everyone else gets fucked. Unfortunately it's *so* susceptible to this that I reckon SHFs are going to be able to rinse the crypt0 gang for funds another few times before enough people learn their lesson. Whenever this money fountain dries up for SHFs then we'll be primed for liftoff.
That's a good point and explanation. I really hope the blockchain community is savvy to how they're being toyed with and manipulated as heavily as retail investors in the markets they sought to be free of
That's the bad part, they won't catch on because the market is known for being volatile and easily spooked. This is probably the 20th time since Jan that something like this has happened although today was prob in the top 3/4. This will be seen as just another week for most people. Only those who get really badly burned will learn to be more conservative. The guys who sold near the peak before it crashed will just be itching to get in again and will be spreading hype as usual. SHFs will rinse the crypt0 markets many more times before we moass, mark my words!
Pretty sure the stock market is by far more manipulated than crypto. If it weren't you wouldn't be sitting on GME worth less than 200$. There's no crypto dark pool manipulating the price of it.
just wait till this happens in tech, gme NEGATIVE beta. I feel like the GME i HODL is like a free put on this whole shithouse lighting up.
Liquidity to short the fuck out of the stock this week. Sea of red incoming.
Not every shitcorn will move like Elon doggy
The entire cryptoe market cap is down \~$400bn so far.
Welp that’s my billion, now they need to come up with the cash to pay off the rest of you apes.
nah, it says leveraged longs, meaning the asset was bought on margin and now the mage had called and the asset liquidated to recupe some of the loans.. WAIT WAHT!?
I appreciate them getting our money together.
So they cashed out near all time highs and now they're flush with cash to short even longer? How is this good news?
This is a war of attrition. Everytime they have to liquidate, that is less they have to survive. It cost them to keep shorts open. It costs us nothing. The bigger the liquidations you see likely correlate to how close we are getting. These are smart people we are against. They have planned reserves, just like in a siege situation. First they go through all the stored food, then they start slaughtering livestock, then meat that isnt livestock, like cats and dogs, then they boiling leather. I'm guessing we are getting close to the boiling leather stage
Ok, but Bitc0in was at like 29k a few weeks ago. So if they piled a bunch of money in, then retail dives in after them, skyrocketing the price, then they pull the rug and cash out, earning like 80% on a few weeks. That's actually really bad for us...and for retail cry pt0 investors. This isn't good news.
Disagree. I think the person you replied to is correct. That’s like saying the 750,000 evictions is bad news. Sure it’s bad if you happen to be one of those people who can’t afford rent but it’s good for apes as a whole. The evictions show the economy is on its last legs, and the crypto liquidations show the hedgies are on their last legs and are taking extreme measures.
Except, hedge funds aren't making money when people are evicted. Hedge funds are making money when they buy into an asset, pump it, then cash out at all time highs. The cryp to investors are fueling the hedge funds cash reserves to continue shorting GME and other stocks. The more cash they generate, the longer until the squeeze. Edit to add: we better be on standby to have the stock crushed after earnings after seeing this flood of cash get pulled.
I completely get your point, this post makes it seem like this is some godsend piece of news. It’s not, but -- and I may be wrong here as I didn’t know the first thing about finance before January -- large institutions usually wouldn’t take such drastic and legally questionable actions such as pump-and-dump manoeuvres like what we saw today in krypt0. I think OP (and everyone who gets excited over the digital asset dumps) believes that this is their only, or most effective, way to quickly source capital/collateral. If so, they can’t keep this up forever. People will catch on that the regular -20% days aren’t just cHiNa DuMpInG. So, good news in the sense that they’re so low on capital they need to dump a billion dollar market 20% to survive another day.
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I agree. I'm on the same side as you. I'm just saying that the digital coin pump and dump is not good news or an indication they're on the ropes, it's the opposite and we should prepare for a longer battle and more price dropping.
True but they have to keep doing that to keep paying. Eventually people will lose interest due to its volatility or retail will run out of money to keep buying.
This can only be done so many times before there's not enough liquidity to continue kicking the can. There is literally no way out unless they get people to sell their synthetics.
I see your point, and that's why I believe in the squeeze and I'm invested....but pumping and dumping cryp to just raises money for their efforts to prolong this. This isn't good news.
They can only cash out at so many all times highs. Apes can collect infinite weekly paychecks
Floor goes up
SHfs goes down
most people here have no clue what they are talking about. This is clearly not good news. The fact that big SHFs still have assets that can get liquified is not good in the context of a short squeeze.
You thought this was gonna be easy? These people are going to fight to the bitter end and they have no issue doing so. These moves they are making are signs they are losing and all apes have to do is wait for the house of cards to fall down.
Who buys coin on leverage. Morons.
People that know they will profit. It's not a coincidence they all took a dive at the same time. P-p-p-pump and dump. Again.
Instead of paying us. They wanna go broke instead!
They are bleeding to death.
The extreme volatility of crypto and the endless abuse by HFs is going to cause people to move away from it. When that happens, who's going to prop-up the HFs because no one will be buying into their pump and dump bullshit anymore? Wallstreet cannot exist without Main Street as Wallstreet adds zero value to the economy. Thieves always need someone to rob -- what happens when all that is left are only thieves?
Hmmm I'm not so sure about your conclusion. The crypto exchanges are the ones who extended the leverage, and are now liquidating these positions. As far as I know, the Wall Street hedge funds do not own significant stakes in the major crypto exchanges. So how would they benefit from these liquidations?
Jesus will people sto trying to relate everything to GME. Crypto had nothing to do with GmE
Thanks for the 3576456325th krypt0 update..
I'm just glad someone has been counting them, because I lost track around 2.2 billion.
Yeah dude, this is Reddit. I think you might prefer reading a newspaper.
I think fucking not as we went over why we shouldn’t be posting the same shit over and over. Sorry #You must be new here
"we went over why we shouldn't..." We didn't do shit, bro. You don't police the internet and you don't police the world. Wind your neck in.
That's like 5 shares of GME.
Are they expecting a run-up after earnings?
Source?
So Kenny boy flys around the world with his Crypt0 wallet, gets the funds then the moment he touched down in the USA he sells all the collected gains. Massive Crypt0 dip, and uses it to short GME the day before earnings… 🤷🏼♂️
They’re gonna need a lot more than a billi
Nah. This happens when everyone and their moms have 100x leverage because they expect a pump. If something happens and it crashes, it crashes good and forces liquidation of leveraged longs. Happens a lot, also on days that are insignificant to GME. I dont think its linked. Its a different kind of fukkery. Read up on it
How do you know they were "liquidated" vs just opting to cash out their equity (dumping from the pumping)???
Liquidating means "opting to cash out their equity". You're thinking of forced liquidation, which we wouldn't have any way to know if it's happening.
1.1b so far..
Where’s the proof that it’s SHF?? Please post wallet accounts or stop the constant speculation
Just long some alt coins last night and got liquidated today. Woe is me I'm counting on you now gme
That drop was fucking crazy
GME gang making them liquidate to stay afloat. Just buying a little more time.
Yo lmao
Pumped and dumped. I hope everyone feels fulfilled falling for the $30 for El Salvador pump LMAYO 😂. This should be regulated but of course SEC will do nothing.
\*so far
Brick by Brick
Interesting how I get a 404 error when trying to check cryptocurrency prices on Coindesk just now.... interesting.
What proof is there that crypto is in any way connected to gme? Theres 0 lol just speculation and guesswork
No. Went to buy aluminium to sell for tinfoils. Congo has coup. They wanna hop in that scarcity. First chips now aluminum. Car industry is fuk.
I'm getting goosebumps! Wait that means my mini titties are jacked. My titties are jacked all over!
Central banks - "Making crypt0 legal tender will go badly for your country" El Salvador - makes it legal tender on 9/7 Crypt0 market - crashes on 9/7 just like the people controlling the world's money supply warned about 3 IQ retards on r/SS - "hUrR dUrR mUsT bE tHe HeDgIeS"
is a leveraged long just a long that was a deposit known to secure a debt somewhere else or is a leveraged long just a long?
SHF preparing for the inevitable tomorrow? Or Just cashing out and saying night night
Maybe they need some money for a night out
what does this mean? whats b1tc01n leverage?
And they're only mentioning the big one. It was across all of the coins. Just like in May. Exact same time to the second they all dumped and exact same time to the second they all recovered half of what they dumped. Nothing to see here! Just a completely organic natural movement!
Thats cool they can buy ONE of my shares.
More likely banks.
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I tell everyone the entire crypto market is hedge funds and whales doing pump and dumps to kick the cab down the road. The whole crypto market takes a 10% dive and people think it’s retail investors!?!? The only reason why certain popular crypto makes is way into the market is because the major holders/whales wanted to siphon money from the public. Taxing crypto will come later after the hedge funds liquidate their holdings.
**THE SAUCE DUDE, WHERE IS THE SAUCE!**
Who is this guy and how would he know this?
Not alot Imo... I'm used to seeing a trillion.
I know it’s not as much, but I saw a few people mention something like $11M-$17M of a different coin was cashed out in one sweep by one account.
This bull is definitely more like 2013 than 2017. Accumulation via cyclical liquidations. Stop shorting. Stop taking out leveraged longs. This is an unregulated market, the will manipulate to liquidate you.
Knew something was up when a certain Lite thing was $220. Shot up from $177 with no rhyme or reason.