Jump to content
This Topic

Anybody loading up on BTC on this dip?

In Full Agreement

By In Full Agreement
in Cryptocurrency News

 Share

Recommended Posts

  • Popular Post
Walker88 Platinum Member

Walker88

Posted
  • Popular Post
Posted

Looking at it from the perspective of a hedge fund trader, this is what I see (perhaps incorrectly)

 

Large holders of btc played one of the oldest trading games: they ramped the thing periodically to bring attention---and retail---into it. The media helped, as did gurus and promoters like cathie woods and Matt Damon. That worked for a few years and so enamored did retail become that they chased it to $68K. In other words, it went up because it went up.

 

With these periodic tumbles over the last year, the process changed slightly. Large holders no longer ramped, but just supported it around the $20K level. Unfortunately, since they were already fully invested, they borrowed money to support the price, and pledged coins as collateral.

 

Then interest rates rose. Servicing their borrowings became difficult. Collateral was sold. A vicious spiral ensued, as the value of collateral fell. The spark was an exchange, not a coin, but the result is the same. Crypto is gaining a very bad name.

 

I suspect when the full story is known, Bankman-Fried was supporting his positions, and perhaps even doing it with supposedly segregated funds. Desperation brings out the worst in people.  Back in July, Three Arrows Capital went belly up because of the same problem---borrowing to support a position, which continued to fall---and that was even before the big rate rise.

 

Hundreds of coins have already gone to zero, which is their true underlying value absent a Greater Fool. Many more will follow. Fads die, or get replaced by a improved version of a fad. btc still has a skewed holding structure, with more than 25% of it held by .1% of its holders. Banks or funds that took a position might well decide to dump and take the loss, which is likely small relative to their overall asset allocation. As the equity market recovers, they can do this with minimal damage to their portfolio.

 

Perhaps the next crash comes when Michael Saylor becomes the next Bankman-Fried.

 

Some erroneously equate btc with blockchain. Blockchain is a useful technology upon which btc depends. One might make an analogy that btc is to blockchain as Pets.com was to the internet. Just because an entity uses a useful technology does not mean the entity has any real value.

 

 

  • Like 1
  • Thumbs Up 1
  • Thanks 2
  • Replies 169
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

In Full Agreement
In Full Agreement

It's been a while since BTC reached this price and for those who like to buy on dips, this seems like a real  opportunity.   Bitcoin USD (BTC-USD)  

chippendale
chippendale

Your gullibility is incredible.   "I made millions in Monopoly money, but then we got sick of playing and I was left with nothing."

worgeordie
worgeordie

Buy now ! its going to go to a Million sooooon ....???? don't miss out regards worgeordie

Posted Images

pomchop Platinum Member

pomchop

Posted
Posted
  On 11/11/2022 at 9:47 AM, Sparktrader said:

Why post on a topic you have no interest in? Btc isnt a secret. Nobody is forcing you to buy crypto.

 

Fiat is ponzi. Lost 98% in 100 years 555

Expand  

ok i agree to not post anymore re bitcoin if you agree to not try and hype it....

Sparktrader Star Member

Sparktrader

Posted
Posted
  On 11/11/2022 at 11:09 AM, DumbFalang said:

Your instinct is correct - it is completely controlled and prices are manipulated.

Expand  

Tin foil hat stuff. There are millions of traders with large chunks going thru Binance. Hundreds of whales not 5 guys in a special room.

 

Small stocks have far greater manipulation than btc has.

 

Small stocks can largely be controlled by 5 guys though. Pump n dump. 2c to 5c back to 1c in 2 days.

Lacessit Star Member

Lacessit

Posted
Posted

Loading up on something tangible, precious metals.

Why anyone would consider loading up on a collection of ephemeral electrons in what appears to be a gigantic Ponzi scheme is beyond my comprehension.

I have never seen gold lose two-thirds of its value in less than a year, bitcoin has.

That's not a dip, it's a slaughterhouse of the gullible.

  • Love It 1
DumbFalang Advanced Member

DumbFalang

Posted
Posted
  On 11/11/2022 at 11:13 AM, Sparktrader said:

Tin foil hat stuff.

Expand  

Yeah OK ????

 

Meanwhile.... many of the critical thinkers amongst crypto traders may have been suspiscious about manipulation for a while now and some will have looked into it more than others. I cannot say anything about it on here but I have spent many thousands of hours studying their algorithms, candlestick movements and other manipulation techniques.

 

Rest assured - you are being lied to and manipulated in the crypto space.

  • Like 1
Sparktrader Star Member

Sparktrader

Posted
Posted
  On 11/11/2022 at 11:22 AM, DumbFalang said:

Yeah OK ????

 

Meanwhile.... many of the critical thinkers amongst crypto traders may have been suspiscious about manipulation for a while now and some will have looked into it more than others. I cannot say anything about it on here but I have spent many thousands of hours studying their algorithms, candlestick movements and other manipulation techniques.

 

Rest assured - you are being lied to and manipulated in the crypto space.

Expand  

Yeah ok. Nice hat.

DumbFalang Advanced Member

DumbFalang

Posted
Posted
  On 11/11/2022 at 11:24 AM, Sparktrader said:

Yeah ok. Nice hat.

Expand  

Thanks, but there's actually not that much tin in it. It's made mainly from metals sourced from old Iraqi weapons of mass destruction and some bomb fragments from the world trade center.

  • Haha 1
Mac Mickmanus Star Member

Mac Mickmanus

Posted
Posted
  On 11/11/2022 at 11:13 AM, Sparktrader said:

Tin foil hat stuff. There are millions of traders with large chunks going thru Binance. Hundreds of whales not 5 guys in a special room.

 

Small stocks have far greater manipulation than btc has.

 

Small stocks can largely be controlled by 5 guys though. Pump n dump. 2c to 5c back to 1c in 2 days.

Expand  

Aren't those traded stocks controlled by regulations and also they are open to scrutiny ?

  You can see who is buying and who is selling and can see whether there's any manipulation 

DumbFalang Advanced Member

DumbFalang

Posted
Posted
  On 11/11/2022 at 11:55 AM, Sparktrader said:

Who are the liars?

 

Expand  

Sorry - I can't give out that kind of information here. A small number of traders pay me a subscription each month to learn about this kind of thing and change the way they trade.

Sparktrader Star Member

Sparktrader

Posted
Posted
  On 11/11/2022 at 12:06 PM, Mac Mickmanus said:

Aren't those traded stocks controlled by regulations and also they are open to scrutiny ?

  You can see who is buying and who is selling and can see whether there's any manipulation 

Expand  

Only after the event. Every fund manager in the world trades on inside information. Insider trading is illegal yet they don't arrest the fund managers? Why?

Mac Mickmanus Star Member

Mac Mickmanus

Posted
Posted
  On 11/11/2022 at 12:09 PM, Sparktrader said:

Only after the event. Every fund manager in the world trades on inside information. Insider trading is illegal yet they don't arrest the fund managers? Why?

Expand  

That is un unsubstituted sweeping allegation and incorrect . 

Do you even know who the fund managers are and what they trade and which inside information they have and where they got that info from ?

   Are is that something you think just probably happens .

Can you name the fund managers who are insider trading ?

placeholder Star Member

placeholder

Posted
Posted
  On 11/11/2022 at 9:35 AM, Sparktrader said:

Technology was primitive then. Wages wasnt the issue. Less comforts, less medical care. 

 

A poor person in 2022 has a phone, a car or motorbike and 24 hour access to hospitals with drugs. 7/11s etc.

Expand  

 

  On 11/11/2022 at 9:29 AM, Sparktrader said:

But you are wrong.

 

https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

Expand  

You have completely lost the plot. You claim crypto is a currency and compared the performance of currencies over the past 5 years compared to crypto. Forex values are not relevant as to whether something functions as a currency.

For example, If I'm living in the country that a currency belongs to, say, the USA, and the dollar falls 25 percent in relation to a basket of major world currencies, does that mean that my purchasing power has fallen 25 percent? Obviously not. But if I'm holding say, bitcoins, and they fall 25% against the US dollar, my purchasing power in America actually has fallen 25 percent. That encapsulates the difference between a genuine currency and bitcoin. A currency has the backing of an entire economy, and most economies are not primarily dependent on foreign trade. But the purchasing power of bitcoin is everywhere defined by it's value against currencies.

  • Thumbs Up 1
Sparktrader Star Member

Sparktrader

Posted
Posted
  On 11/11/2022 at 12:20 PM, placeholder said:

 

You have completely lost the plot. You claim crypto is a currency and compared the performance of currencies over the past 5 years compared to crypto. Forex values are not relevant as to whether something functions as a currency.

For example, If I'm living in the country that a currency belongs to, say, the USA, and the dollar falls 25 percent in relation to a basket of major world currencies, does that mean that my purchasing power has fallen 25 percent? Obviously not. But if I'm holding say, bitcoins, and they fall 25% against the US dollar, my purchasing power in America actually has fallen 25 percent. That encapsulates the difference between a genuine currency and bitcoin. A currency has the backing of an entire economy, and most economies are not primarily dependent on foreign trade. But the purchasing power of bitcoin is everywhere defined by it's value against currencies.

Expand  

Post makes no sense. Bye.

Sparktrader Star Member

Sparktrader

Posted
Posted
  On 11/11/2022 at 12:14 PM, Mac Mickmanus said:

That is un unsubstituted sweeping allegation and incorrect . 

Do you even know who the fund managers are and what they trade and which inside information they have and where they got that info from ?

   Are is that something you think just probably happens .

Can you name the fund managers who are insider trading ?

Expand  

So you know nothing about how fund managers make decisions. They all use inside info to adjust portfolios. 

 

100% do. Not personally but via funds managed.

 

They all know the profit results 2 days prior to market release.

 

The sec only goes after individuals not fundies.

DumbFalang Advanced Member

DumbFalang

Posted
Posted
  On 11/11/2022 at 12:15 PM, Mac Mickmanus said:

Where is the "scam" ?

Expand  

Well apparently, my dedication to this subject and the hard work I did over the past few years has been a complete waste of time as sparky has decided that I am a scammer. Oh well, I will have to think up some new evil master plan and hope I get away with it without sparky catching me.

  • Haha 2
Mac Mickmanus Star Member

Mac Mickmanus

Posted
Posted
  On 11/11/2022 at 12:28 PM, Sparktrader said:

Conning people into paying fees for fake info.

Expand  

That is quite a strong allegation to make .

What info has he given to his customers which is fake info ?

What has he told his clients that is fake info ?

I have a feeling that you are just making all these allegations up and you have no idea what you are talking about 

placeholder Star Member

placeholder

Posted
Posted
  On 11/11/2022 at 12:26 PM, Sparktrader said:

So you know nothing about how fund managers make decisions. They all use inside info to adjust portfolios. 

 

100% do. Not personally but via funds managed.

 

They all know the profit results 2 days prior to market release.

 

The sec only goes after individuals not fundies.

Expand  

In other words they are committing crimes en masse? Such nonsense. The SEC monitors stock performances very closely and if unusual trading is detected, it investigates.

Sparktrader Star Member

Sparktrader

Posted
Posted
  On 11/11/2022 at 12:34 PM, Mac Mickmanus said:

That is quite a strong allegation to make .

What info has he given to his customers which is fake info ?

What has he told his clients that is fake info ?

I have a feeling that you are just making all these allegations up and you have no idea what you are talking about 

Expand  

Given his name I dont believe any of it. Dumbfarang 555

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.


ASEANNOW

ASEANNOW (formerly Thai Visa) Thailand's oldest and most popular forum for expats and foreigners.

Sign up today and have your say

MORE INFO

POPULAR AREAS

CONTACT US

219/59 Asoke Towers, 15th Floor, Soi Sukhumvit 21, Watthana, Bangkok 10110
(+66) 99 196 1100
support@aseannow.com

×
×
  • Create New...
↑