The coming collapse - Crypto fraud about to end soon with a BANG
Since my warnings and predictions are crystallizing faster than expected, I'm here to give you a final warning and the workings of fraud and manipulation + intrinsic value of crypto.
First of all, you might want to look at the warnings I gave at 24 february 2018, before binance hack came out + also warning to sell of your bags before it happened + another one in my ltc post to sell your bags before that 11.8k top that I'm not posting anything out of thin air.
Ok, let's get started and get something very clear here that not only counts for crypto world, but also stock- and commoditymarkets:
News does NOT cause pump or dumps. NEVER listen to news, whether on MSM or internet. Insider market makers either pump or dump BEFORE news. Stop losses get triggered to make a deeper fall or pump. This causes panic among outside traders to panic sell or buy without knowing what's going on. News comes out and the last unfortunate people will either buy at the top or sell the bottom.
Examples of artificial supply vs demand:
- Forks (accumulate weeks in advance by whales)
- Pump it + create fomo in social media & tv
- Sell your own stack for huge profits + dump the rest to rinse & repeat until last sucker's rally
- Slow bleed with bot 0.0001 sell orders
@ETCBTC
- News (accumulations by insiders)
- Pump it + create fomo in social media & tv
- Sell your own stack for huge profits + dump the rest until last sucker's rally
@XRPBTC
- Pump Dump / Dump & Pump (quick gains vs lots of losers)
- Dump to clean up orderbook buy side and have your own buy orders below your dump limit order. Stop losses causes wick down, your orders are filled for much lower price
- Pump it back to same level and put your sell orders above price, wicks will fill your orders by stop losses and fomo buyers
- Dump remaining stack with 0.0001 bot sell orders
@ETHBTC
Note, that pump and dump for ethbtc is a bad example, but same workings.
How does a pump and dump work:
- Step #1: Accumulation using bot tiny buy orders
- Step #2: Need to shakeout stop loss orders and dump it to fill for lowest price as possible and clean up order book
- Step #3: Immediately pump it before too many people fill their bags
- Step #4: Put buy wall in front of orderbook
- Step #5: Scale bag in sell order book and buy your own (washtrading)
- Step #6: When profit has been made, rest of bag is extra. Put out your front buy wall (spoofing) and immediately dump it
- Step #7: Put buy orders as low as possible to catch wicks from triggered stop loss orders and panic sellers
- Step #8: The last sucker's rally (rinse repeat)
This goes hand in hand with organized groups. Initiator takes most of the cut, then insiders got a small cut. Members of private groups have a tiny cut. Members of public groups are holding the bag. Usually pump and dumps retrace to 100% and even below using small bot sell orders and can last for many months.
People do not understand how one can sell below price, but those bags are extra, profit has already been made and you can accumulate the bottom again.
The psychology of a whale/market maker:
- It's all about control. To have control, you need marketshare, whether in bag count or fiat count.
- Whales use news as a katalysator. They check market sentiment to determine whether it's good time to buy or sell. Whales are not good traders, but do understand TA. They are market makers in the alt coin realm.
- Btc is hard to control, since too many participants are there and marketshare cannot easily be obtained. The same goes for eth, where a large portion is held by companies raised through ico's.
- The market makers in the bigger markets paint charts to lure in traders, to make it look like bullish. They have shills in social media and here on tv with lots of followers.
First of all, you might want to look at the warnings I gave at 24 february 2018, before binance hack came out + also warning to sell of your bags before it happened + another one in my ltc post to sell your bags before that 11.8k top that I'm not posting anything out of thin air.
Ok, let's get started and get something very clear here that not only counts for crypto world, but also stock- and commoditymarkets:
News does NOT cause pump or dumps. NEVER listen to news, whether on MSM or internet. Insider market makers either pump or dump BEFORE news. Stop losses get triggered to make a deeper fall or pump. This causes panic among outside traders to panic sell or buy without knowing what's going on. News comes out and the last unfortunate people will either buy at the top or sell the bottom.
Examples of artificial supply vs demand:
- Forks (accumulate weeks in advance by whales)
- Pump it + create fomo in social media & tv
- Sell your own stack for huge profits + dump the rest to rinse & repeat until last sucker's rally
- Slow bleed with bot 0.0001 sell orders
@ETCBTC
- News (accumulations by insiders)
- Pump it + create fomo in social media & tv
- Sell your own stack for huge profits + dump the rest until last sucker's rally
@XRPBTC
- Pump Dump / Dump & Pump (quick gains vs lots of losers)
- Dump to clean up orderbook buy side and have your own buy orders below your dump limit order. Stop losses causes wick down, your orders are filled for much lower price
- Pump it back to same level and put your sell orders above price, wicks will fill your orders by stop losses and fomo buyers
- Dump remaining stack with 0.0001 bot sell orders
@ETHBTC
Note, that pump and dump for ethbtc is a bad example, but same workings.
How does a pump and dump work:
- Step #1: Accumulation using bot tiny buy orders
- Step #2: Need to shakeout stop loss orders and dump it to fill for lowest price as possible and clean up order book
- Step #3: Immediately pump it before too many people fill their bags
- Step #4: Put buy wall in front of orderbook
- Step #5: Scale bag in sell order book and buy your own (washtrading)
- Step #6: When profit has been made, rest of bag is extra. Put out your front buy wall (spoofing) and immediately dump it
- Step #7: Put buy orders as low as possible to catch wicks from triggered stop loss orders and panic sellers
- Step #8: The last sucker's rally (rinse repeat)
This goes hand in hand with organized groups. Initiator takes most of the cut, then insiders got a small cut. Members of private groups have a tiny cut. Members of public groups are holding the bag. Usually pump and dumps retrace to 100% and even below using small bot sell orders and can last for many months.
People do not understand how one can sell below price, but those bags are extra, profit has already been made and you can accumulate the bottom again.
The psychology of a whale/market maker:
- It's all about control. To have control, you need marketshare, whether in bag count or fiat count.
- Whales use news as a katalysator. They check market sentiment to determine whether it's good time to buy or sell. Whales are not good traders, but do understand TA. They are market makers in the alt coin realm.
- Btc is hard to control, since too many participants are there and marketshare cannot easily be obtained. The same goes for eth, where a large portion is held by companies raised through ico's.
- The market makers in the bigger markets paint charts to lure in traders, to make it look like bullish. They have shills in social media and here on tv with lots of followers.
Komen:
Expect a lot of exchanges to close their doors on many crackdowns to come. It has been said for many years, if you do not hold it, you don't own it. This goes for fiat as well. Next week comes more fud and this price will tank. Expect a bear market. See my post above by clicking on the first picture which links you to it. It doesn't matter if you're a pro trader or a newbie trader.
Be forewarned. I hope I'm wrong, but it's happening faster than I've expected. I won't be robbed for the 4th time of almost all my bitcoin and fiat.
Note: Those are my thoughts and no accusations have been made and no names or companies have been made. I give no financial advice. My thoughts are based on my experiences.
Be forewarned. I hope I'm wrong, but it's happening faster than I've expected. I won't be robbed for the 4th time of almost all my bitcoin and fiat.
Note: Those are my thoughts and no accusations have been made and no names or companies have been made. I give no financial advice. My thoughts are based on my experiences.
Komen:
The fraudsters and liars in crypto:
Be careful following people with overly biases to either only bull or bear. Bulls make money, bears make money and pigs get slaughtered. Usually, those with tons of followers in any market have already bought in and want you to sell their bags.
There is tons of so called experts on youtube and social media who have no experience in finance whatsoever. They also give you reasons like news websites do that interpret situations like dumps related to news, when it's not and clear from the charts that the possibility to go down was very high.
They give you reasons why bitcoin "will" go to a million before 2020 that are based on nothing, but lies, for example:
- The masses still need to buy bitcoin.
>> First of all, everyone in the western world already know about bitcoin. If they wanted to buy in, they already did and most newbies bought around the top and are pissed off. They want to break even and won't buying anymore.
>> Secondly, I did a polling in my environment, friends, family and business partners which crypto they want to buy if they did, giving them the top 10 crypto and they ALL choose ripple first. It could be because of MSM fomo, but they trust more in banks (although xrp got little to do with that, but that aside) than bitcoin. Same goes for smart money and my friends who work at high places in the banking sector. They don't like bitcoin, but like eth. They don't even like xrp, but maybe I've got a wrong sample size.
- Wall street will make us rich.
>> This is the most stupidest non-argument I've ever heard.
First, wall street is forbidden to enter unregulated high speculative asset classes.
Second, if they cannot control it (i.e. marketshare), they won't touch it.
Third, they won't touch pump and dumps.
Google or Youtube: Jordan Belfort (the real wolf of wallstreet). He's come clean and is an ethical and great guy who warned young investors to sell in december in the bubble. He calls crypto for what it is and it's true.
Personally, I think we will enter a short bear market. The good news is, is that I think it will be short lived. Although I uphold the libertarian philosophy (the Golden Rule), regulations are not bad perse for crypto, as most of the weed will be cut out. It's a good thing in the long term and gives ultimately insurance on the exchanges to limit third party risk.
There needs to be a balance of power and balance is a good thing. We don't want to end up with a little dictator who got the power to hire private armies and rule as a tyrant. There is a place for regulations. Right now, people who can live independently are smeared by bad actors and gives the controlfreaks the argument that such people cannot live in freedom and that the free market doesn't work.
Be careful following people with overly biases to either only bull or bear. Bulls make money, bears make money and pigs get slaughtered. Usually, those with tons of followers in any market have already bought in and want you to sell their bags.
There is tons of so called experts on youtube and social media who have no experience in finance whatsoever. They also give you reasons like news websites do that interpret situations like dumps related to news, when it's not and clear from the charts that the possibility to go down was very high.
They give you reasons why bitcoin "will" go to a million before 2020 that are based on nothing, but lies, for example:
- The masses still need to buy bitcoin.
>> First of all, everyone in the western world already know about bitcoin. If they wanted to buy in, they already did and most newbies bought around the top and are pissed off. They want to break even and won't buying anymore.
>> Secondly, I did a polling in my environment, friends, family and business partners which crypto they want to buy if they did, giving them the top 10 crypto and they ALL choose ripple first. It could be because of MSM fomo, but they trust more in banks (although xrp got little to do with that, but that aside) than bitcoin. Same goes for smart money and my friends who work at high places in the banking sector. They don't like bitcoin, but like eth. They don't even like xrp, but maybe I've got a wrong sample size.
- Wall street will make us rich.
>> This is the most stupidest non-argument I've ever heard.
First, wall street is forbidden to enter unregulated high speculative asset classes.
Second, if they cannot control it (i.e. marketshare), they won't touch it.
Third, they won't touch pump and dumps.
Google or Youtube: Jordan Belfort (the real wolf of wallstreet). He's come clean and is an ethical and great guy who warned young investors to sell in december in the bubble. He calls crypto for what it is and it's true.
Personally, I think we will enter a short bear market. The good news is, is that I think it will be short lived. Although I uphold the libertarian philosophy (the Golden Rule), regulations are not bad perse for crypto, as most of the weed will be cut out. It's a good thing in the long term and gives ultimately insurance on the exchanges to limit third party risk.
There needs to be a balance of power and balance is a good thing. We don't want to end up with a little dictator who got the power to hire private armies and rule as a tyrant. There is a place for regulations. Right now, people who can live independently are smeared by bad actors and gives the controlfreaks the argument that such people cannot live in freedom and that the free market doesn't work.
Komen:
Crypto, has it intrinsic value?
Ultimately, no (not yet). It's just digital and isn't tangible. There are no coins that can be used as utility and currency. If it's being used as a payment, that bitcoin will instantly be liquidated in fiat by a third party payment provider.
It's value is derived from speculation and artificial demand by bots and whales. It's way overvalued. Why not make your own token/coin tomorrow that can solve an existing problem or create a token that can act as currency. Why should bitcoin be 10k or 1m usd when ltc is 100 usd? Why not create billions of coins like stellar? It makes no sense to use existing crypto as currency, although I see the argument for privacy coins. It's of course true that the market determines price. But can you trust this highly manipulated market? Do you feel comfortable to convert most of your equity in crypto? I don't think so, unless it appreciates in value and who is paying that premium, your neighbor?
Let's look at some numbers - Transactions historical chart:
bitinfocharts.com/co...ons-btc-eth-bch.html
BTC transactions hit it 2 years low and is going lower and lower.
ETH relative to bitcoin is rising rapidly.
Same for BCH.
BTC/USD $1 million? I don't think so. Google law of big numbers. Smart money is not stupid. They use market profiles and complex algorithm + logarithmic regression to determine cheap price and we're FAR from cheap price.
The math in logarithmic regression for bitcoin points to a price of 3 digits: $464
Investment wise, eth make more sense from a FA perspective, but also relative growth vs bitcoin.
Trolololo made an excellent post @ bitcointalk using log regression in a chart @
bitcointalk.org/index.php?topic=8315...
If you pay him for his service, he will create the most recent one for you, with an agreement that you shall not post it publicly.
Ultimately, no (not yet). It's just digital and isn't tangible. There are no coins that can be used as utility and currency. If it's being used as a payment, that bitcoin will instantly be liquidated in fiat by a third party payment provider.
It's value is derived from speculation and artificial demand by bots and whales. It's way overvalued. Why not make your own token/coin tomorrow that can solve an existing problem or create a token that can act as currency. Why should bitcoin be 10k or 1m usd when ltc is 100 usd? Why not create billions of coins like stellar? It makes no sense to use existing crypto as currency, although I see the argument for privacy coins. It's of course true that the market determines price. But can you trust this highly manipulated market? Do you feel comfortable to convert most of your equity in crypto? I don't think so, unless it appreciates in value and who is paying that premium, your neighbor?
Let's look at some numbers - Transactions historical chart:
bitinfocharts.com/co...ons-btc-eth-bch.html
BTC transactions hit it 2 years low and is going lower and lower.
ETH relative to bitcoin is rising rapidly.
Same for BCH.
BTC/USD $1 million? I don't think so. Google law of big numbers. Smart money is not stupid. They use market profiles and complex algorithm + logarithmic regression to determine cheap price and we're FAR from cheap price.
The math in logarithmic regression for bitcoin points to a price of 3 digits: $464
Investment wise, eth make more sense from a FA perspective, but also relative growth vs bitcoin.
Trolololo made an excellent post @ bitcointalk using log regression in a chart @
bitcointalk.org/index.php?topic=8315...
If you pay him for his service, he will create the most recent one for you, with an agreement that you shall not post it publicly.
Komen:
Please share your experiences, for example website offline, cannot cancel orders or login just a minute BEFORE or during a crash. You think it's done on purpose or is this normal?
Komen:
Regarding Binance hack and dump, sounds like bearcrap to me.
You must critically think for yourself:
#1 How come exchanges had yet again trouble to place/remove orders before dump happened;
#2 How is it possible that over 100k are dumped within minutes on all the big exchanges at the same time;
#3 How come some of the hacked accounts were used to pump viacon and not dump bitcoin for usdt on Binance?
#4 Are there really panic sellers that can dump at the same time? Really? You think joe and jane smoe can transfer their funds from cold storage to exchange, login and hit that market sell button all within minutes at the time they're busy with something?
Or is it all organized well in advance and they work together with also news websites (which also pump/promote shitcoins), if not owned by the same group? Hmm... conspiracy theory or conspiracy fact? Interesting nonetheless.
Just coincidence, right? Well, somebody is selling hard to fiat. More volume last days than the dump to 6k, makes you wonder, no?
You must critically think for yourself:
#1 How come exchanges had yet again trouble to place/remove orders before dump happened;
#2 How is it possible that over 100k are dumped within minutes on all the big exchanges at the same time;
#3 How come some of the hacked accounts were used to pump viacon and not dump bitcoin for usdt on Binance?
#4 Are there really panic sellers that can dump at the same time? Really? You think joe and jane smoe can transfer their funds from cold storage to exchange, login and hit that market sell button all within minutes at the time they're busy with something?
Or is it all organized well in advance and they work together with also news websites (which also pump/promote shitcoins), if not owned by the same group? Hmm... conspiracy theory or conspiracy fact? Interesting nonetheless.
Just coincidence, right? Well, somebody is selling hard to fiat. More volume last days than the dump to 6k, makes you wonder, no?
Komen:
Just normal trading at Saturday night.
Komen:
How you can beat the whales at their own game:
Whales have collected big bags of btc around 8k prior to the dump to 6k. They don't use stop losses. The conclusion was simple enough to draw that we had to go higher for them to sell in profit and keep the rest in case for dump scenarios. From watching the live order book and using level 2 market profile, I already concluded after 8.4k that the entire bull run was artificial (demand) using bots to place all day, every day tiny buy orders to make it look bullish.
Now again, whales have filled bags around 8.4k forcing a ground level and breaking the 5th micro elliot wave leg to 7.9k (3th leg macro). They do this placing large positions. This ain't normal people buying, since they buy and sell spot without ~500 sized positions a piece.
They desperately need good news and trying to fomo again at the top (the micro 5 leg to 10k) again.
There are 2 scenario's for them:
#1 Stalling time, trying to get as much traders and joe smoe's to get in and gradually sell their bags;
#2 Dump and cut heavy losses.
Use case #1 is a stupid one imho, as:
- More bad news is coming out soon. The meeting at G20 will be about crypto and it's most likely news will come out that they first are going to ban futures and binaries and that is held next week 19-20 March 2018.
Also, we will have news coming out about how market manipulation in crypto works and is being done in full detail. There are some big firms already researching it and their papers have yet to come out;
- Politicians starting to noticing the constant pump and dumps in crypto and getting a lot of complaints from participants;
- The public becomes more aware of heavy market manipulation in crypto.
Use case #2 is a painful one for them, but they shouldn't have manipulated the market in the first place.
We've yet to see capitulation in the masses and see whales' accounts being blown up by liquidations. The panic still need to come when we break 6k, there are just too many bagholders still in the public that are having hope, before they realize it's all smoke and mirrors and are cashing out.
So what do you do to beat them? You simply do not buy where there are no real orders (and real big static orders are at 6.5k). Since they use positions, they need to pay rollover fees every single day. If people ain't buying, price will stall and slowly but steadily will decrease. The longer this game is being played while nobody in the public is buying, the more they lose and the longer the bear market will be and the greater the chance we go down further once the governments will hunt for the manipulators. A psychopath will, until the minute he is caught, continue to do what (s)he's doing.
The trust in crypto is already badly damaged and market sentiment is extremely negative. I've did a survey in my environment and nobody wants to buy crypto anymore. Don't expect the bubble to expand anytime soon.
As I'm writing this, it's dumping again, how convenient.
Whales have collected big bags of btc around 8k prior to the dump to 6k. They don't use stop losses. The conclusion was simple enough to draw that we had to go higher for them to sell in profit and keep the rest in case for dump scenarios. From watching the live order book and using level 2 market profile, I already concluded after 8.4k that the entire bull run was artificial (demand) using bots to place all day, every day tiny buy orders to make it look bullish.
Now again, whales have filled bags around 8.4k forcing a ground level and breaking the 5th micro elliot wave leg to 7.9k (3th leg macro). They do this placing large positions. This ain't normal people buying, since they buy and sell spot without ~500 sized positions a piece.
They desperately need good news and trying to fomo again at the top (the micro 5 leg to 10k) again.
There are 2 scenario's for them:
#1 Stalling time, trying to get as much traders and joe smoe's to get in and gradually sell their bags;
#2 Dump and cut heavy losses.
Use case #1 is a stupid one imho, as:
- More bad news is coming out soon. The meeting at G20 will be about crypto and it's most likely news will come out that they first are going to ban futures and binaries and that is held next week 19-20 March 2018.
Also, we will have news coming out about how market manipulation in crypto works and is being done in full detail. There are some big firms already researching it and their papers have yet to come out;
- Politicians starting to noticing the constant pump and dumps in crypto and getting a lot of complaints from participants;
- The public becomes more aware of heavy market manipulation in crypto.
Use case #2 is a painful one for them, but they shouldn't have manipulated the market in the first place.
We've yet to see capitulation in the masses and see whales' accounts being blown up by liquidations. The panic still need to come when we break 6k, there are just too many bagholders still in the public that are having hope, before they realize it's all smoke and mirrors and are cashing out.
So what do you do to beat them? You simply do not buy where there are no real orders (and real big static orders are at 6.5k). Since they use positions, they need to pay rollover fees every single day. If people ain't buying, price will stall and slowly but steadily will decrease. The longer this game is being played while nobody in the public is buying, the more they lose and the longer the bear market will be and the greater the chance we go down further once the governments will hunt for the manipulators. A psychopath will, until the minute he is caught, continue to do what (s)he's doing.
The trust in crypto is already badly damaged and market sentiment is extremely negative. I've did a survey in my environment and nobody wants to buy crypto anymore. Don't expect the bubble to expand anytime soon.
As I'm writing this, it's dumping again, how convenient.
Komen:
How whales will lose vs the big boys:
Whales are clever, yes, but don't overestimate their intelligence. The big boys are way more clever and are selected out of the best of the best in this field.
Most whales have become wealthy by being early adopters and being lucky. They understand TA, but are bad in it and they're active here. They are bad traders as well, that's why they steer markets, but will lose in the end.
It's a big misconception and makes no logical sense to me at all when people accuse wallstreet of being manipulating the bitcoin market since december with futures, when I always thought the whales were using this as an OPPORTUNITY to pump it up and dump it at cboe and cme future expiring dates.
Why would wallstreet enter this unregulated highly speculative space when they do not have marketshare and risk losing everything they have including facing jailtime? Does it make sense to you? Or does it make sense when they can use regulatory means with enforcement by shutting down exchanges and putting whales in jail and confiscating their assets and then owning their own exchanges and slowly but steadily growing marketshare? Bitcoin price is measured in fiat and those who control the flow of fiat are ultimately kings.
It's imho something to think about, at least.
Whales are clever, yes, but don't overestimate their intelligence. The big boys are way more clever and are selected out of the best of the best in this field.
Most whales have become wealthy by being early adopters and being lucky. They understand TA, but are bad in it and they're active here. They are bad traders as well, that's why they steer markets, but will lose in the end.
It's a big misconception and makes no logical sense to me at all when people accuse wallstreet of being manipulating the bitcoin market since december with futures, when I always thought the whales were using this as an OPPORTUNITY to pump it up and dump it at cboe and cme future expiring dates.
Why would wallstreet enter this unregulated highly speculative space when they do not have marketshare and risk losing everything they have including facing jailtime? Does it make sense to you? Or does it make sense when they can use regulatory means with enforcement by shutting down exchanges and putting whales in jail and confiscating their assets and then owning their own exchanges and slowly but steadily growing marketshare? Bitcoin price is measured in fiat and those who control the flow of fiat are ultimately kings.
It's imho something to think about, at least.
Komen:
Ahh, the news websites have the answer again for the dumps. They blame it on Mr Kobayashi and that he won't sell anymore until September 2018. Too bad that they posted it before the last dump 7 hours ago, so they cannot blame it on him anymore. They probably point the finger to the dumps in the stock-, commodity- and forexmarket also at someone, the irony.
Then you got people pretending to know Satoshi Nakamoto and knowing exactly how many BTC (s)he owns, never questioning it might be a myth or a grand experiment, as in most things notable and recorded in history, a good story for adults.
This world is truely gone mad around me. Now I understand why they come up with "smart" this and that, as for something to be smart, something else has to be dumb.
Thanks to my friend who posted this wonderful quote from Carl Sagan @ www.reddit.com/r/con...age_40_of_the_demon/
Then you got people pretending to know Satoshi Nakamoto and knowing exactly how many BTC (s)he owns, never questioning it might be a myth or a grand experiment, as in most things notable and recorded in history, a good story for adults.
This world is truely gone mad around me. Now I understand why they come up with "smart" this and that, as for something to be smart, something else has to be dumb.
Thanks to my friend who posted this wonderful quote from Carl Sagan @ www.reddit.com/r/con...age_40_of_the_demon/
Komen:
^ Correction: Note a quote, but a page from his book
Komen:
Another huge pump in just seconds shooting price with $400... I've saw the manipulation happening last night with 4x 500 buy wall and shortly after 2x 1k buy wall @ exactly 8k. A sudden big pump has caused for a lot of short liquidations and stops. This wasn't done using positions, but with spot.
This is not normal manipulation. Its price is FORCED to maintain AND go up, maybe because the exchanges are insolvent, I'd be EXTREMELY careful right now as situations look almost similar to MtGox...
I see the red flags all over again. As for me, I'm going to cash out a large portion in fiat to my bank account and only trade with a very small size. I don't want to get robbed again as I've told you.
This is not financial advice, this is my opinion based on experience and I'd be careful not to make the same mistakes I made to rationalize the situation.
You can either short or sell here. Don't be fooled that this is organic. There is still a lot to lose and it will be worse when you only play vs whales.
Thanks to my friend who tipped me to confirm what I'm saying is true @ twitter.com/Bitfinex...s/974638683373604864
This is not normal manipulation. Its price is FORCED to maintain AND go up, maybe because the exchanges are insolvent, I'd be EXTREMELY careful right now as situations look almost similar to MtGox...
I see the red flags all over again. As for me, I'm going to cash out a large portion in fiat to my bank account and only trade with a very small size. I don't want to get robbed again as I've told you.
This is not financial advice, this is my opinion based on experience and I'd be careful not to make the same mistakes I made to rationalize the situation.
You can either short or sell here. Don't be fooled that this is organic. There is still a lot to lose and it will be worse when you only play vs whales.
Thanks to my friend who tipped me to confirm what I'm saying is true @ twitter.com/Bitfinex...s/974638683373604864
Komen:
People are yet again pointing to fakenews as the source of recent massive pump within minutes that regulations will not come for the time being for crypto at 18-03-'18 BEFORE G20 took place... How many times have I've seen and warned for this before.
#1 That news is not bullish. You WANT regulations a) to get the big money and b) to limit third counter party risk.
#2 Why don't you go to the SOURCE directly, which was posted @ 13 March '18 @ www.fsb.org/wp-conte.../uploads/P180318.pdf
What did we do around that date? We dumped.
The downtrend is still in play, yet people are suddenly bullish again and calling for 30k for just one pump. On the other hand, people are calling for 2k when we dump. Why not trade like professionals do and stick to the charts and plan. We've got a long way to go to correct from just Sept '17... let alone 2017 or the entire bullrun since 2015.
A classical hook line and sinker is yet again being pulled on emotional traders and investors. This is NOT the way to trade, but a good way to lose a lot of money when the exchanges go down again when it's going to dump.
#1 That news is not bullish. You WANT regulations a) to get the big money and b) to limit third counter party risk.
#2 Why don't you go to the SOURCE directly, which was posted @ 13 March '18 @ www.fsb.org/wp-conte.../uploads/P180318.pdf
What did we do around that date? We dumped.
The downtrend is still in play, yet people are suddenly bullish again and calling for 30k for just one pump. On the other hand, people are calling for 2k when we dump. Why not trade like professionals do and stick to the charts and plan. We've got a long way to go to correct from just Sept '17... let alone 2017 or the entire bullrun since 2015.
A classical hook line and sinker is yet again being pulled on emotional traders and investors. This is NOT the way to trade, but a good way to lose a lot of money when the exchanges go down again when it's going to dump.
Komen:
Thanks to blockandchain! "When you try to swing a dip and end up eating s**t"
twitter.com/_blockan...s/970056287961731072
twitter.com/_blockan...s/970056287961731072
Komen:
The fraudsters keep continuing scamming people on youtube and twitter with "wallstreet coming in, buy bitcoin now", "this got visa backing", "40 trillion coming in from big firms, buy buy buy", meanwhile there are task forces being setup internationally to combat those fraudsters and most of them are in the USA which faces the most harsh penalties for market manipulation.
Some people will never learn, then they need to learn it the hard way. The agencies already know who they're and infiltrated pnd groups, it's just a matter of time before they're caught with all their assets stripped and facing jail time.
From the CFTC themselves, document @ www.cftc.gov/sites/d...ory_pumpdump0218.pdf
Some people will never learn, then they need to learn it the hard way. The agencies already know who they're and infiltrated pnd groups, it's just a matter of time before they're caught with all their assets stripped and facing jail time.
From the CFTC themselves, document @ www.cftc.gov/sites/d...ory_pumpdump0218.pdf
Komen:
$300 million tether printed before the pump, coincedence?
www.omniexplorer.inf...Wkj9FMo5LsPTW1zBTwXL
www.omniexplorer.inf...Wkj9FMo5LsPTW1zBTwXL
Komen:
^ No accusations made, just getting a bit suspicious this keep happening for over a year now...
Komen:
Thanks to my friend for some screenshots, pnd patterns getting excessive since January 2017... but becoming very obvious in low float market.
Stop loss hunting + liquidating accounts is the name of the game, good luck making sense out of this scam with ta.
s3.amazonaws.com/tra...shots/i/Idn3zDUX.png
s3.amazonaws.com/tra...shots/k/kZjHkbRM.png
s3.amazonaws.com/tra...shots/b/B2N8z2Yh.png
Stop loss hunting + liquidating accounts is the name of the game, good luck making sense out of this scam with ta.
s3.amazonaws.com/tra...shots/k/kZjHkbRM.png
s3.amazonaws.com/tra...shots/b/B2N8z2Yh.png
Komen:
It's come to my attention what I was suspecting in May '17 pump (institutional investors and wealthy people coming in) and especially December '17 pump (hft + darkpools) is now confirmed with all the news.
The crypto game has changed for good now with big money already in and still coming in + the masses that will buy near the top in the next bubble.
I think all the big exchanges have a portal for darkpools just like in traditional stock markets. I know Gdax has. What will this do for crypto? Price volatility will be less eventually as market become more liquid. People cried for more liquidity, you'll get your wish just as you wished for futures. Trading won't be as profitable as before and will take longer time with diminished returns compared to previous bubbles, but we'll get there.
Secondly, most if not all whales WILL be destroyed and a lot already are. They play with positions and thus margin (borrowing/debt). Market makers (the darkpool and hft) play with spot to minimize their risk with rebates on their trades. As shorts are at an all time high, it's a matter of time before the hft's are liquidating them. Imho, most whales are whales because they were early, which I think is luck, which I do not correlate with intelligence, nor the means of having sophisticated instruments to control and steer the market like the big boys have.
I know a few whales who have huge losses and instead of learning from it and cut their losses early, they double down using DEBT again, a sure way of throwing money management out of the window.
I've seen the algo action with huge volume with red and green dildo's back and forth same volume. I don't think this is spoofy and if he is part of it, he uses his wall to scare market participants, but if he isn't part of it, I think he will be destroyed as well, assuming it's a 'he'.
The pro's and hft do not use limit orders, at all. And you will never see darkpools anyway, so their orders are hidden anyway.
Hft does NOT equal darkpool. In traditional markets, hft wanna learn about darkpools' intentions (buy/sell), so hfts follow darkpools and amateur, indicator, breakout traders and chasers follow hfts.
Darkpools do NOT MOVE price, they have set tight ranges to buy and sell, but HFT dictate price. I see platforms created just like the stock market (i.e. going up/down level by level, where it consolidates).
The crypto game has changed for good now with big money already in and still coming in + the masses that will buy near the top in the next bubble.
I think all the big exchanges have a portal for darkpools just like in traditional stock markets. I know Gdax has. What will this do for crypto? Price volatility will be less eventually as market become more liquid. People cried for more liquidity, you'll get your wish just as you wished for futures. Trading won't be as profitable as before and will take longer time with diminished returns compared to previous bubbles, but we'll get there.
Secondly, most if not all whales WILL be destroyed and a lot already are. They play with positions and thus margin (borrowing/debt). Market makers (the darkpool and hft) play with spot to minimize their risk with rebates on their trades. As shorts are at an all time high, it's a matter of time before the hft's are liquidating them. Imho, most whales are whales because they were early, which I think is luck, which I do not correlate with intelligence, nor the means of having sophisticated instruments to control and steer the market like the big boys have.
I know a few whales who have huge losses and instead of learning from it and cut their losses early, they double down using DEBT again, a sure way of throwing money management out of the window.
I've seen the algo action with huge volume with red and green dildo's back and forth same volume. I don't think this is spoofy and if he is part of it, he uses his wall to scare market participants, but if he isn't part of it, I think he will be destroyed as well, assuming it's a 'he'.
The pro's and hft do not use limit orders, at all. And you will never see darkpools anyway, so their orders are hidden anyway.
Hft does NOT equal darkpool. In traditional markets, hft wanna learn about darkpools' intentions (buy/sell), so hfts follow darkpools and amateur, indicator, breakout traders and chasers follow hfts.
Darkpools do NOT MOVE price, they have set tight ranges to buy and sell, but HFT dictate price. I see platforms created just like the stock market (i.e. going up/down level by level, where it consolidates).
Komen:
Take it as you will, nobody will tell you about this, because they either do not know or won't tell you.
The game has changed and the way to make profit is to get in before hft and for that, you need a brain, be open minded, instead of being autistic and dogmatic that your way is the only way. How much times do I see those people being wrong for weeks now and they never admit and keep being wrong, so not much value anymore. I just ignore them all now, it's a waste of time arguing. Those are my perspectives and there is a lot to lose on both long/short side and few will make it.
In recap: To survive and prosper, you need to have a functioning brain, learn to adapt and always keep learning. Hft's do not trade using your way, i.e. ew or indicators and most indicators are obsolete with hft's anyway, especially when they take volume in their mathematical formula. I still use ew for the long term and general direction, but picking tops and bottoms, I won't bother now, especially scalping where one pump can be 5% and your SL will end up losing you a lot, especially with slippage.
Do I think this will be regulated? No, if it would be, it already was and darkpools and hft's are allowed. I think hft's are toxic and way more worse than darkpools, but it is what it is.
I can foresee, however, that they small guy, which the whale now is as well, will suffer and that the authorities will go after whale manipulators, but not after the big boys, to make an example and most likely, it's the pnd'ers.
And people are bullish that fiat pairs for alts will mean moon, but all I can see is that the hft's will go there as well, as everyone cares about fiat only in the end when trading/investing and ruin that place as well, so I'm not bullish at all for alts. I rather stick with btc only for the meantime. I can see, however, some alts doing really great, but I think I've said this before, it means one has to do his/her DD. The last cycle was all about hype and pnd, while valuable projects didn't pumped as close to all those paperware projects.
Happy trading, I hope you learned a bit. At least you know some basics now that nobody seems to talk about which IS important. If you don't know the game, you will never succeed. Those in this space do know about market manipulation and those who deny it are all proven to be new or unsuccessful and/or have quit trading. Ask Peter Brandt, the legend.
The game has changed and the way to make profit is to get in before hft and for that, you need a brain, be open minded, instead of being autistic and dogmatic that your way is the only way. How much times do I see those people being wrong for weeks now and they never admit and keep being wrong, so not much value anymore. I just ignore them all now, it's a waste of time arguing. Those are my perspectives and there is a lot to lose on both long/short side and few will make it.
In recap: To survive and prosper, you need to have a functioning brain, learn to adapt and always keep learning. Hft's do not trade using your way, i.e. ew or indicators and most indicators are obsolete with hft's anyway, especially when they take volume in their mathematical formula. I still use ew for the long term and general direction, but picking tops and bottoms, I won't bother now, especially scalping where one pump can be 5% and your SL will end up losing you a lot, especially with slippage.
Do I think this will be regulated? No, if it would be, it already was and darkpools and hft's are allowed. I think hft's are toxic and way more worse than darkpools, but it is what it is.
I can foresee, however, that they small guy, which the whale now is as well, will suffer and that the authorities will go after whale manipulators, but not after the big boys, to make an example and most likely, it's the pnd'ers.
And people are bullish that fiat pairs for alts will mean moon, but all I can see is that the hft's will go there as well, as everyone cares about fiat only in the end when trading/investing and ruin that place as well, so I'm not bullish at all for alts. I rather stick with btc only for the meantime. I can see, however, some alts doing really great, but I think I've said this before, it means one has to do his/her DD. The last cycle was all about hype and pnd, while valuable projects didn't pumped as close to all those paperware projects.
Happy trading, I hope you learned a bit. At least you know some basics now that nobody seems to talk about which IS important. If you don't know the game, you will never succeed. Those in this space do know about market manipulation and those who deny it are all proven to be new or unsuccessful and/or have quit trading. Ask Peter Brandt, the legend.
Komen:
So I decided to check what the hell is going on with ethbtc, since it doesn't look organic, at all. I checked which has most traded volume in 24h, which turned out to be binance with a whopping 140k, while finex only has 20k. It looks like a PERFECT stairway up without any retracement, facilitated by deepfake bots.
I and many others already know a lot of manipulation is going on at binance for the alts, but I didn't realize how bad it was before I opened up market profile.
imgur.com/a/NLmsmZu
Bots literally update tick for tick their support below price, then creating floor prior when they dump it and catch cheap eth from panic sellers or triggering stop, to then flip their resistance when they botpump it.
Don't be greedy to take profits from dirty bots at binance or set a tight sl if you trade ethbtc.
I and many others already know a lot of manipulation is going on at binance for the alts, but I didn't realize how bad it was before I opened up market profile.
imgur.com/a/NLmsmZu
Bots literally update tick for tick their support below price, then creating floor prior when they dump it and catch cheap eth from panic sellers or triggering stop, to then flip their resistance when they botpump it.
Don't be greedy to take profits from dirty bots at binance or set a tight sl if you trade ethbtc.
Komen:
^ To add to that, you can see in picture there is literally ZERO support for ethbtc at binance, but lots of resistance. Don't buy overshoot, it's matter of time before they dump it. Caution is adviced.
Komen:
Short rant (sharing my experience).
Closed my positions when I saw spoofy was active. Got screwed by kraken again (memories of summer flash crash eth $400 to $0.10, got wiped clean 60% of my account, not 1 cent compensated, while gdax did made clients whole...). I was in nice green, closed it to take profit (I don't sleep in coin with my scalps, especially when spoofy/manipulator is active) and it flipped with 10x the size in the opposite direction (short)... closed that then it flipped with 0.5x the size of that to a long...
I'm getting tired of this. Almost €1k lost in fees in a few seconds what is a known bug and still not resolved for over a year. Don't get me wrong, I love kraken, am still a loyal customer for many years, have trust in the company, like their staff and ceo and it's my favorite crypto exchange, but their engine needs to be fixed asap, because the powers that be are eagerly waiting to make an example of any they can get their hands on and I think deep inside we all know that.
What turned out to be a good winning scalp ended up in a nightmare. And yes, I'm not alone, my friend got burned for over 500k euros, not even one apology and there are many class actions ongoing for many exchanges, that's why I cannot see a new bullrun breaking 20k unless we get reliable, fast and insured clients' equity, because I can see the storm coming and news will come after the fact (price pump/dump, to rationalize, whether real or fake), never forget that. It doesn't even come close to my legacy broker in terms of any of those criteria. And yes, I'm on finex as well, but I'm waiting they'll get new banking partners operational to trade in fiat, as I mainly want to trade fiat only. As for gdax, they disabled margin after the flash crash for Europeans and those without $5m usd, while stamp and rex are still working on it... and I'm not interested in cfd's. But I'm not going to wait until this space becomes like stocks and commodities, where you can be happy with a tiny % move where you need leverage in order to achieve the same results, wasn't that what people want (liquidity)? Well, they one day will get what they hoped for, let's see how much they enjoy that before they all flee to low cap alts (penny stocks) to lose their money there (where they don't have marketshare/control).
And you think this mess will be allowed by the financial authorities and customer protection institutes? Maybe it's wise to cash out a portion before end June, especially if it's money you've earned prior to trading. Good luck for those who didn't experience Mt. Gox and think it cannot happen again, I certainly won't be the last and for me, that statement is a given.
Closed my positions when I saw spoofy was active. Got screwed by kraken again (memories of summer flash crash eth $400 to $0.10, got wiped clean 60% of my account, not 1 cent compensated, while gdax did made clients whole...). I was in nice green, closed it to take profit (I don't sleep in coin with my scalps, especially when spoofy/manipulator is active) and it flipped with 10x the size in the opposite direction (short)... closed that then it flipped with 0.5x the size of that to a long...
I'm getting tired of this. Almost €1k lost in fees in a few seconds what is a known bug and still not resolved for over a year. Don't get me wrong, I love kraken, am still a loyal customer for many years, have trust in the company, like their staff and ceo and it's my favorite crypto exchange, but their engine needs to be fixed asap, because the powers that be are eagerly waiting to make an example of any they can get their hands on and I think deep inside we all know that.
What turned out to be a good winning scalp ended up in a nightmare. And yes, I'm not alone, my friend got burned for over 500k euros, not even one apology and there are many class actions ongoing for many exchanges, that's why I cannot see a new bullrun breaking 20k unless we get reliable, fast and insured clients' equity, because I can see the storm coming and news will come after the fact (price pump/dump, to rationalize, whether real or fake), never forget that. It doesn't even come close to my legacy broker in terms of any of those criteria. And yes, I'm on finex as well, but I'm waiting they'll get new banking partners operational to trade in fiat, as I mainly want to trade fiat only. As for gdax, they disabled margin after the flash crash for Europeans and those without $5m usd, while stamp and rex are still working on it... and I'm not interested in cfd's. But I'm not going to wait until this space becomes like stocks and commodities, where you can be happy with a tiny % move where you need leverage in order to achieve the same results, wasn't that what people want (liquidity)? Well, they one day will get what they hoped for, let's see how much they enjoy that before they all flee to low cap alts (penny stocks) to lose their money there (where they don't have marketshare/control).
And you think this mess will be allowed by the financial authorities and customer protection institutes? Maybe it's wise to cash out a portion before end June, especially if it's money you've earned prior to trading. Good luck for those who didn't experience Mt. Gox and think it cannot happen again, I certainly won't be the last and for me, that statement is a given.
Komen:
I can see my post "the king needs reinforcements at 3.3k" will then probably materialize to newer lows to such targets and maybe lower to 2k. Short-med term bullish (wasn't this the plan all along, I wonder?), long term bullish of course (for entire crypto space), but keep this in the back of your mind, everything can collapse tomorrow and you can lose all your money in this unregulated space, all it takes is a bug, a hack or a long wick (liquidation) and that is probably what the powers that be are waiting for or orchestrating an event to take over and thereby rationalizing why the free market doesn't work and why we need them, for our own good, of course. Well, don't get me wrong here either, since regulations are not a bad thing perse. The good things and truth are usually found in the middle and a balanced approach benefits all.
And no, saying that you should not use margin is not a valid argument for traders, since it's the only way to short and use leverage (and I don't use leverage, I keep it 1x for shorts only and don't use more than 5% of my equity). I always prefer spot buys for crypto. Such language is spoken by non-traders, who can only make money by holding and hoping, but I don't expect such comments here on tv.
I do have to say: live and learn. If you have had this happened to you as well, know that you're not alone. Losing money is not fun, especially if it's out of your control, but don't let it rule your life and start again. There are people in much worse conditions, like having their homes bombed and ended up in the streets. Positivity, learning from it, psychologically and emotionally dealing with it, goes a long way and makes you stronger and a better trader than most. That's why people with big ego's will not last in trading and there are a lot of them in this space, but you won't see them when this will happen to them. You can win 80% of your trades and it takes one event to take it all away and makes you either humble or quit. I think it's worthwhile to think about these topics.
Happy trading and have a wonderful weekend :-)
And no, saying that you should not use margin is not a valid argument for traders, since it's the only way to short and use leverage (and I don't use leverage, I keep it 1x for shorts only and don't use more than 5% of my equity). I always prefer spot buys for crypto. Such language is spoken by non-traders, who can only make money by holding and hoping, but I don't expect such comments here on tv.
I do have to say: live and learn. If you have had this happened to you as well, know that you're not alone. Losing money is not fun, especially if it's out of your control, but don't let it rule your life and start again. There are people in much worse conditions, like having their homes bombed and ended up in the streets. Positivity, learning from it, psychologically and emotionally dealing with it, goes a long way and makes you stronger and a better trader than most. That's why people with big ego's will not last in trading and there are a lot of them in this space, but you won't see them when this will happen to them. You can win 80% of your trades and it takes one event to take it all away and makes you either humble or quit. I think it's worthwhile to think about these topics.
Happy trading and have a wonderful weekend :-)
Komen:
Ahh, just "coincidence" that it hit 100% on the cent. Market is "just natural buyers and sellers", blablabla. Next time you hear that you let those people trade on the 1 minute chart and scalp it profitably to proof what they claim they say is true :-)
Komen:
More deepfakes, 100% accuracy
Komen:
I'll wait a bit longer for best price possible, then put some short contracts for the quarterly futures in, then cash out after summer. In the meantime, going back to forex and watch this sh*tshow go down the gutter when the first dumps happen before summer and the kicker when more exchanges are forced to shutdown, taking profit on the coming dump, then reshort on the bounce, should have done so when I was 6-11% in profit to reload more dumps.
Also going to scalp alts when the opportunity is there (shorting eth soon).
How is it possible that Binance became the biggest in no time? Maybe time to check how much volume is real there, I bet it won't be more than 5%.
Those big institutions won't create a bottom for you at 6k, they will sell soon to lock in their profit, maybe stop being gullible and believe everything you hear and think they're here only for you to make you feel good and make you rich, they're not. They're not stupid, they will buy back in at newer lows and as some of you know, I work with "a big boy" firm and they don't buy until 2.4k as I've said a long time ago and as my friend Soonic knows, was telling him a client wanted to buy xxx mil when the price was at local bottom long before the pump, they did and I know some of you never thought about that when somebody buys, they will most likely sell in the future.
I'll cash out 50% before July and the other 50% is for shorts and as hedge, will have to reevaluate if my funds will be safe by that time.
Oh, and one more, just looks so "natural", as you can see in my other thread, the algo pattern is almost complete and it will do the opposite of what 98% of people think.
Also going to scalp alts when the opportunity is there (shorting eth soon).
How is it possible that Binance became the biggest in no time? Maybe time to check how much volume is real there, I bet it won't be more than 5%.
Those big institutions won't create a bottom for you at 6k, they will sell soon to lock in their profit, maybe stop being gullible and believe everything you hear and think they're here only for you to make you feel good and make you rich, they're not. They're not stupid, they will buy back in at newer lows and as some of you know, I work with "a big boy" firm and they don't buy until 2.4k as I've said a long time ago and as my friend Soonic knows, was telling him a client wanted to buy xxx mil when the price was at local bottom long before the pump, they did and I know some of you never thought about that when somebody buys, they will most likely sell in the future.
I'll cash out 50% before July and the other 50% is for shorts and as hedge, will have to reevaluate if my funds will be safe by that time.
Oh, and one more, just looks so "natural", as you can see in my other thread, the algo pattern is almost complete and it will do the opposite of what 98% of people think.
Komen:
^ If you did saw the live action, you could also see clear wash trading, buying 100 btc from own sell wall, but could NOT buy a little wall at $0.10 more? Complete bullsh*t. Fyi, washtrading is punishable with 10 years jail time plus asset forfeiture and once regulated, the books will be opened who did what. Why they do that? It's all to get the fomo'ers and chasers excited "oooee, they gonna pump it, I must buy" *shaking my head in disbelief*.
Komen:
^ That was not 100 btc only, those were single orders and a bit smaller ones like 25 btc, all in rapid succession, so a bot is used, to create the illusion that there are many buyers. Buy high, sell low, right?
Komen:
So who are those guys exactly who say this was the bottom and to keep adding to their position, I still wonder? Are they just shills or brainlets? Maybe the latter is a rhetorical question, considering anybody can open a hedge fund and no wonder so many went bankrupt in January. Are they qualified for the job, what are their experiences and what are their backgrounds? Last time I've checked, you need to proof to any investment firm/hedge fund if you're the man for the job. You have to show your trackrecord, your entire cv and portfolio, answering a booklet of questions and maybe then, they want you. I still wonder about those guru's though... but then again, anyone can say anything and pretend to be anyone anyway on the internet.
Is that why their is such a need to print the bullish fakenews of all prominent people who actually do not matter at all, who are consistently wrong, who keep lying, then why are people still fall for the fomo? Why? Is this really part of human nature? That's why the individual can never be a champion for the 99%, because (s)he will be crushed when telling the truth and the biggest minority in the world is the individual anyway.
That's why you should NEVER trust your money to somebody else telling all those pinky rosy stories about returns, moon, etc. You should handle your own money and be your own boss/advisor. There are great books to teach you, which you can teach your children, so you don't end up poor, dance when the music starts and live an unfulfilling life.
I did check bitcoin investment trust again what their institutional investors are doing and guess what, most if not all are selling and leaving (a whopping -90%!!!), didn't I told you that before in my other post that those guys are selling otc weeks ago? They want to get the heck out before this thing crashes down, because at least they have some capacity to see this is nothing more than a pullback from a sharp move down. Look at the dates, that is just a few days ago that another RESPECTABLE fund has sold out.
whalewisdom.com/stock/btcv
Is that why their is such a need to print the bullish fakenews of all prominent people who actually do not matter at all, who are consistently wrong, who keep lying, then why are people still fall for the fomo? Why? Is this really part of human nature? That's why the individual can never be a champion for the 99%, because (s)he will be crushed when telling the truth and the biggest minority in the world is the individual anyway.
That's why you should NEVER trust your money to somebody else telling all those pinky rosy stories about returns, moon, etc. You should handle your own money and be your own boss/advisor. There are great books to teach you, which you can teach your children, so you don't end up poor, dance when the music starts and live an unfulfilling life.
I did check bitcoin investment trust again what their institutional investors are doing and guess what, most if not all are selling and leaving (a whopping -90%!!!), didn't I told you that before in my other post that those guys are selling otc weeks ago? They want to get the heck out before this thing crashes down, because at least they have some capacity to see this is nothing more than a pullback from a sharp move down. Look at the dates, that is just a few days ago that another RESPECTABLE fund has sold out.
whalewisdom.com/stock/btcv
Komen:
Nah, he's crazy
Komen:
I'm so done with this big crypto scam. 7 years exchanges and most of exchanges no improvements, but getting worse and worse.
AGAIN, this is 5th time BEFORE dump.
Kraken:
a) Cryptowatch not syncing, impossible to place orders (for > 30 minutes)
b) Errors (rate limited error or timeout)
c) Huge lag (order keeps spinning 10 seconds)
d) Goes completely offline, sometimes for hours and at worst days at maintenance when dumping in January
e) You put in amount and it changes to completely different amount, sometimes 50x the size so it flips and you are in instant loss
Bitfinex:
a) Huge lag
Bitmex:
- Overload
- Maintainance
GDAX:
- Overload
Poloniex:
- Extreme lag, market is already away before it executes
- Non existant customer support
- Very slow withdrawal
I didn't bother to try other crypto exchanges, probably even worse.
Ok, if it happens DURING a pump/dump, this can be understandable, BUT, it happens BEFORE major moves and such aforementioned cases are impossible to pass any financial regulated test to operate as a legit certified exchange in the future. Can you imagine insurance company wants to insure your funds when exchange is liable for such errors?
AGAIN, this is 5th time BEFORE dump.
Kraken:
a) Cryptowatch not syncing, impossible to place orders (for > 30 minutes)
b) Errors (rate limited error or timeout)
c) Huge lag (order keeps spinning 10 seconds)
d) Goes completely offline, sometimes for hours and at worst days at maintenance when dumping in January
e) You put in amount and it changes to completely different amount, sometimes 50x the size so it flips and you are in instant loss
Bitfinex:
a) Huge lag
Bitmex:
- Overload
- Maintainance
GDAX:
- Overload
Poloniex:
- Extreme lag, market is already away before it executes
- Non existant customer support
- Very slow withdrawal
I didn't bother to try other crypto exchanges, probably even worse.
Ok, if it happens DURING a pump/dump, this can be understandable, BUT, it happens BEFORE major moves and such aforementioned cases are impossible to pass any financial regulated test to operate as a legit certified exchange in the future. Can you imagine insurance company wants to insure your funds when exchange is liable for such errors?
Komen:
Now here is the problem: It happens BEFORE any major move, not during, so somebody must know. This cannot be coincidence anymore.
So what happens? I was over 15% in profit. I cannot use the trading engine, because it's fubar... so need to use shitty webgui where I have over 100 orders... I don't know even which is margin and which is not. So now I have 12 open positions I need to close them all during the dump, I lost 10 minutes and the execution did 50x (!!) the size, so instead of close short, it flips to long and with that size I bought the top... So I close again and sold the bottom (again, size), instant LOSS with such low liquidity, they are probably laughing their asses off with this pnd on 1 minute chart.
You know what is funny? 30 minutes down, I close all positions, suddenly out of nowhere CRYPTOWATCH works again, like magic!! Yeah, coincidence, right? Now dump has stopped of course when I finished positions not even 1 minute later, go figure.
Well played. Been trading for decades, this shit never happened other than in crypto. See why I tell you guys mt gox can and probably will happen again? I can almost guarantee no crypto exchanges can pass 100% test and how do you know how many fiat is still left with marked up prices and tether in circulation which you cannot redeem in fiat. Think people. It's all based on trust, but if you lose money because of exchange instead of trading a +15% profitable trade that turns in huge collateral damages, what more to trust, seeing how many scammers there are in crypto with pnd, ponzi schemes, promoters and everywhere ignoramuses, this space needs a washout and start from scratch.
I don't even speak about the bugs pre upgrade where short +20% turned out after upgrade to be -2%, good rigged game. Losing money when clearly not your fault.
I'm getting the hell out of here soon before the storm comes. I leave profits to trade further with which I can lose.
So what happens? I was over 15% in profit. I cannot use the trading engine, because it's fubar... so need to use shitty webgui where I have over 100 orders... I don't know even which is margin and which is not. So now I have 12 open positions I need to close them all during the dump, I lost 10 minutes and the execution did 50x (!!) the size, so instead of close short, it flips to long and with that size I bought the top... So I close again and sold the bottom (again, size), instant LOSS with such low liquidity, they are probably laughing their asses off with this pnd on 1 minute chart.
You know what is funny? 30 minutes down, I close all positions, suddenly out of nowhere CRYPTOWATCH works again, like magic!! Yeah, coincidence, right? Now dump has stopped of course when I finished positions not even 1 minute later, go figure.
Well played. Been trading for decades, this shit never happened other than in crypto. See why I tell you guys mt gox can and probably will happen again? I can almost guarantee no crypto exchanges can pass 100% test and how do you know how many fiat is still left with marked up prices and tether in circulation which you cannot redeem in fiat. Think people. It's all based on trust, but if you lose money because of exchange instead of trading a +15% profitable trade that turns in huge collateral damages, what more to trust, seeing how many scammers there are in crypto with pnd, ponzi schemes, promoters and everywhere ignoramuses, this space needs a washout and start from scratch.
I don't even speak about the bugs pre upgrade where short +20% turned out after upgrade to be -2%, good rigged game. Losing money when clearly not your fault.
I'm getting the hell out of here soon before the storm comes. I leave profits to trade further with which I can lose.
Komen:
7 years... and instead of improvements going from bad to worse.
Still, Kraken is my favorite exchange (I like Jesse, far friend is friend of guy who works there, excellent company paperwork and support, never had any issues other than their trading engine, so cmon guys, if you read this, complete this engine asap, start from scratch if need be and ask to buy from competitor if need be, this trading engine is almost guaranteed to screw you over some time and I know I'm not alone, everyone one of my friends have lost money outside of trading because of this.
If this is still one of the best that there is out there, there is little to be bullish about. I will continue to trade here and been a loyal customer for many years. Finex got their own problems with all the fud and investigations still ongoing, Poloniex 13% theft and never paid back, horrible non existant CS, Binance, I don't even feel comfortable leaving any coin there, Rex is ok, but with tether fud in the air, I don't feel comfortable holding usdt either when btc tanks, Mex got more and more mixed feelings about the 'coincidences' that happen there, when big money is to be liquidated. Best thing is now to trade CFD or futures.
Just my rant.
Still, Kraken is my favorite exchange (I like Jesse, far friend is friend of guy who works there, excellent company paperwork and support, never had any issues other than their trading engine, so cmon guys, if you read this, complete this engine asap, start from scratch if need be and ask to buy from competitor if need be, this trading engine is almost guaranteed to screw you over some time and I know I'm not alone, everyone one of my friends have lost money outside of trading because of this.
If this is still one of the best that there is out there, there is little to be bullish about. I will continue to trade here and been a loyal customer for many years. Finex got their own problems with all the fud and investigations still ongoing, Poloniex 13% theft and never paid back, horrible non existant CS, Binance, I don't even feel comfortable leaving any coin there, Rex is ok, but with tether fud in the air, I don't feel comfortable holding usdt either when btc tanks, Mex got more and more mixed feelings about the 'coincidences' that happen there, when big money is to be liquidated. Best thing is now to trade CFD or futures.
Just my rant.
Komen:
I cannot even cancel my remaining shorts. The kraken is going down with crypto.
Since I've posted this almost 30 minutes straight: Request was rate limited (error code 803).
Traders who think they can live by dayrading crypto, you might want to reconsider what your risks are when the last fiat exchanges might close doors. Will usdt, true usd or any other virtual coin pay your bills? Think about it.
Since I've posted this almost 30 minutes straight: Request was rate limited (error code 803).
Traders who think they can live by dayrading crypto, you might want to reconsider what your risks are when the last fiat exchanges might close doors. Will usdt, true usd or any other virtual coin pay your bills? Think about it.
Komen:
Ever wondered how it's possible that when you want to limit sell shitcoin at first buywall, your order lags, then that buy wall is gone, now you are in front of your limit sell order, then bots come in front of you and price tanks?
Then is next, market order, same principle. When you market sell shitcoin, buy wall removed, you sell in somebody else buy order at bottom, then buy wall comes back after.
Even when there are no trades last 10 minutes. You know why? Because I'm close to 100% sure FRONTRUNNING is in play. Why do you think spreads are so huge 2-5%? Who benefits, especially if no arb bots are there and some shitcoins have no trades for even 30 minutes, who is this fast to monitor your very exact trade?
Welcome in the matrix and in the rigged casino. Soon hotel california.
"Funds are safe", sure bud.
Then is next, market order, same principle. When you market sell shitcoin, buy wall removed, you sell in somebody else buy order at bottom, then buy wall comes back after.
Even when there are no trades last 10 minutes. You know why? Because I'm close to 100% sure FRONTRUNNING is in play. Why do you think spreads are so huge 2-5%? Who benefits, especially if no arb bots are there and some shitcoins have no trades for even 30 minutes, who is this fast to monitor your very exact trade?
Welcome in the matrix and in the rigged casino. Soon hotel california.
"Funds are safe", sure bud.
Komen:
Why the Euro should probably be included in the currency SCAM.
Viva Italy!
twitter.com/zerohedge/status/1001401451409756165
Viva Italy!
twitter.com/zerohedge/status/1001401451409756165
Komen:
The pump and dump crypto scam doesn't fail to deliver on a daily basis :-)
Short this ponzi with futures to the ground at your own risk.
That's why Buffet and Gates don't short it. Wait for regulations, then keep shorting it to 2 digits to 3k.
Short this ponzi with futures to the ground at your own risk.
That's why Buffet and Gates don't short it. Wait for regulations, then keep shorting it to 2 digits to 3k.
Komen:
And please, before you say it's the whales, they are NOT. I know quite some whales sitting in mainly cash since January up to now and cashed out at 9.6k. I don't know any whale sleeping with coin last months and many suffered severe losses.
If you also trade forex, you know that majority forex brokers are scammers and fraudsters. Most of them are the MM. Who do you think the MM are in unregulated crypto space? Who can play with 20k btc and paint and drive the market? Who got most supply? Who can bleed shitcoins for months on straight, especially who benefit when you cannot even short some shitcoins, all day every single day tiny bot sell orders for months.
I'm not drawing conclusions here, I leave that up to you. Connect the dots:
www.omniexplorer.inf...X2v9BXJMpz2SfU4pgZw/
www.coindesk.com/cft...e-investigation/amp/
In that article, it's hinted 3 times what might going on. If you cannot afford money to lose, you know what to do, especially after the end of the year up to next year, all this crypto is still a ticking timebomb with serious unresolved issues. If you wanna buy for cheap price, maybe it's better to get out and come back next year. For longer swingtrades can buy, send coins to private wallet and then sell when you think it's the high, then take that cash out again to do it all over again.
Big money is not in guys and they won't come, I've said it so many times. It's all fake news. The only big guys in this game have build a BUSINESS around it, so that does not mean they have any bitcoin, they profit from their services to you, the customer, like trading desk, winklevoss exchange, etc.
You really think that big stacks of fiat is coming in while > 93% is traded in usdt while you cannot redeem usdt to fiat and no audits are performed? You really think that? If I had 500 million usd to spent on crypto, at most I would:
a) Use futures
b) Use shares
But no, I'd wait for undervaluation, i.e. cheap price below 2k, that's how institutions play and you'd know if you also traded in stockmarket and worked with them. A measurement is the vwap and guess what, it's below 3k and data is missing from volume prior, so expectations are 2k, same as prof researchers found out the price for btc without usdt and log mean regression is 3 digits. They use statistics, math, calculated risk, fa and not just a simple chart with some trendlines and fibs.
Remember fake news about goldmand sachs owns circle by implication via circle? Guess what, GS backed Circle 7 (SEVEN) years ago. They aren't even actively involved. And GS trading desk news dates back to 2014... I heard same news back then and that same fakenews is printed still in 2018, amazing! Don't be fooled and you'll be fine.
If you also trade forex, you know that majority forex brokers are scammers and fraudsters. Most of them are the MM. Who do you think the MM are in unregulated crypto space? Who can play with 20k btc and paint and drive the market? Who got most supply? Who can bleed shitcoins for months on straight, especially who benefit when you cannot even short some shitcoins, all day every single day tiny bot sell orders for months.
I'm not drawing conclusions here, I leave that up to you. Connect the dots:
www.omniexplorer.inf...X2v9BXJMpz2SfU4pgZw/
www.coindesk.com/cft...e-investigation/amp/
In that article, it's hinted 3 times what might going on. If you cannot afford money to lose, you know what to do, especially after the end of the year up to next year, all this crypto is still a ticking timebomb with serious unresolved issues. If you wanna buy for cheap price, maybe it's better to get out and come back next year. For longer swingtrades can buy, send coins to private wallet and then sell when you think it's the high, then take that cash out again to do it all over again.
Big money is not in guys and they won't come, I've said it so many times. It's all fake news. The only big guys in this game have build a BUSINESS around it, so that does not mean they have any bitcoin, they profit from their services to you, the customer, like trading desk, winklevoss exchange, etc.
You really think that big stacks of fiat is coming in while > 93% is traded in usdt while you cannot redeem usdt to fiat and no audits are performed? You really think that? If I had 500 million usd to spent on crypto, at most I would:
a) Use futures
b) Use shares
But no, I'd wait for undervaluation, i.e. cheap price below 2k, that's how institutions play and you'd know if you also traded in stockmarket and worked with them. A measurement is the vwap and guess what, it's below 3k and data is missing from volume prior, so expectations are 2k, same as prof researchers found out the price for btc without usdt and log mean regression is 3 digits. They use statistics, math, calculated risk, fa and not just a simple chart with some trendlines and fibs.
Remember fake news about goldmand sachs owns circle by implication via circle? Guess what, GS backed Circle 7 (SEVEN) years ago. They aren't even actively involved. And GS trading desk news dates back to 2014... I heard same news back then and that same fakenews is printed still in 2018, amazing! Don't be fooled and you'll be fine.
Komen:
Komen:
How to move market price using spoofing:
Steps:
#1 Set (hidden) buy wall using spot only / Use 2nd account margin long
#2 Short in your own buy wall when price is at bottom
#3 Let some consolidation happen (so price goes higher)
#4 Close all shorts same time
>> Result = Rocket up + people fomo buy
#5 gradually sell your spots / close long position at premium price
PROFIT!
Rinse and repeat. They call it "short squeeze", I call it most likely manipulation (spoofing) + keeping artificial high price.
Disneyland is over when the hype is gone, especially when the ponzi is over. Maybe look at bitconnect: from $432 to $0.60 or other scam projects like signatum and a dozen others. The bottom is near 0, there are always people buying collectibles, so it probably will never reach $0.00.
Steps:
#1 Set (hidden) buy wall using spot only / Use 2nd account margin long
#2 Short in your own buy wall when price is at bottom
#3 Let some consolidation happen (so price goes higher)
#4 Close all shorts same time
>> Result = Rocket up + people fomo buy
#5 gradually sell your spots / close long position at premium price
PROFIT!
Rinse and repeat. They call it "short squeeze", I call it most likely manipulation (spoofing) + keeping artificial high price.
Disneyland is over when the hype is gone, especially when the ponzi is over. Maybe look at bitconnect: from $432 to $0.60 or other scam projects like signatum and a dozen others. The bottom is near 0, there are always people buying collectibles, so it probably will never reach $0.00.
Komen:
As a bonus, if you're the market maker:
#1 Just put in short futures at brokers that are regulated, liquid and that are cash settled
#2 Move market close to expiration date
#3 Wait for settlement
BIG PROFIT!
Rinse and repeat.
#1 Just put in short futures at brokers that are regulated, liquid and that are cash settled
#2 Move market close to expiration date
#3 Wait for settlement
BIG PROFIT!
Rinse and repeat.
Komen:
And... another scamcoin shutdown by the SEC, investors lose everything, again.
www.scribd.com/docum...-Titanium-Blockchain
www.scribd.com/docum...-Titanium-Blockchain
Komen:
Oh yes, more fud news and regulations used to protect YOU from YOURSELF. Little children and control freaks who lack the holistic capacity to solve simple problems usually end up in such positions bossing YOU around. Little children who teach little children what and what not to do, but of course, they are exempt from all rules they create for you (i.e. most of man made law), it's pathetic.
If this is the regulation we are waiting for, then indeed, I can see the arguments to have no regulation at all. I thought the regulations were meant to have insurance and to prevent frauds and scams, to have just rules in the games we play, so the big money can step in, but not this complete crap where the banks and/or government can tell you what you can and cannot do and potentially (and they did for many already) destroy your business and your life.
Dystopian world indeed, it's the complete anti-thesis of the crypto entrepreneurs and visionaries.
That's why I say most of the time, everything over time becomes corrupt, it's the law of entropy and you find it everywhere.
nulltx.com/uk-regula...g-with-crypto-firms/
If this is the regulation we are waiting for, then indeed, I can see the arguments to have no regulation at all. I thought the regulations were meant to have insurance and to prevent frauds and scams, to have just rules in the games we play, so the big money can step in, but not this complete crap where the banks and/or government can tell you what you can and cannot do and potentially (and they did for many already) destroy your business and your life.
Dystopian world indeed, it's the complete anti-thesis of the crypto entrepreneurs and visionaries.
That's why I say most of the time, everything over time becomes corrupt, it's the law of entropy and you find it everywhere.
nulltx.com/uk-regula...g-with-crypto-firms/
Komen:
Thinking out loud + Quoting Jordan Belfort (the real wolf of wallstreet):
Komen:
^ With the dates of pump when CME closed
Maybe people are pointing fingers to the wrong guys, just saying.
Maybe people are pointing fingers to the wrong guys, just saying.
Komen:
Chart price action pumps when CME is closed
Komen:
There is a setup forming for a 2-steps impulsive move down to 5k'ish, then quickly followed up to 4k'ish, I will post updates later, but first enjoying this week of 30*C sunny weather. Removed my bids from the book.
Good luck guys :-)
Good luck guys :-)
Komen:
It will be something like the chart I've posted 1 week ago, but remove some lines until it reaches 4k.
Komen:
Last two posts didn't belong here... sorry for that.
Too many new gullible people still in crypto space. Remember that most of us old traders and investors have been robbed by exchanges and I'm 100% sure it will happen again. It's not profit unless you have it cashed out in your OWN possession, whether fiat or coin, don't forget that.
My friend who lost 40k by CB last year in a flashcrash (within a few milli seconds) to serve as a reminder (yt link below) for 99% of traders who appeared to be very new to crypto. Ask old timer's from '11-'13 like venzen, richard heart, vincent (another victim $140k lost within 1 a few milliseconds) and marc de mesel who have ride the entire up and down to verify.
www.youtube.com/watch?v=NeZMO9s0...
We're at the edge of collapse and lots of people are ready to pull their money at any time, whether it goes up or down. If goes up, they are lucky to sell their last bags at better price. If goes down, will be less. Well, if you read my posts, you'd know most of my buddies already cashed out, because they all see the paintings on the wall.
The fact that buy volume keeps declining while prices are rising very high relative to volume forebodes bigger sells what is next to come, until a selling climax is reached. Meanwhile orderbooks get more tiny which can mean a sharp drop in price, hence I've pulled out all my bids.
Something is in the back of my mind this can end up as gold and uranium, flushing out all bids and put huge sell walls so price will not be able to come back higher.
There is no more growth for market, only decline going forward for a long time until this space has cleaned up from the bottom and that time is near now that regulations are close to being enforced by financial authorities with the power to enforce around the world.
Sure, the exchanges can prop up the price to stay above their own liquidation level, but once regulations are in, they are going to be audited. I and many many others think most exchanges doing some shady shit as well, not going to pass the inspections and are forced to close doors or suddenly they are "hacked" and close shop before big daddy steps in.
You'd know when your stop loss is being hit on the satoshi/exact cent multiple times, even flash wicks of 20% to stop you out before continuing the trend, leaving you in loss instead of profit, even when you were right, something fishy is going on when it not only happens to you, but over 20 people you know on a CONSISTENT basis. I've told you before, you CANNOT win vs the house, which means, if other traders have left, you are playing vs the market maker. Better gamble at a slot machine, you have more chance to win.
Most of us know that exchanges are the market makers, having fake walls of their own, trading their own walls and going against big accounts, especially when on margin. It's the result when they cannot make money anymore, since trading volume gets less and less (revenue from fees). I wouldn't be surprised if they accelerated their own demise to screw the market for the benefit of "white" settled cash in the cme and screwing the other party in foreknowledge of pumping on their own exchanges right when cme is closed, leaving big losses for those who shorted the bottom at cme. I can foresee a serious investigation here as well to inside trading with severe consequences, because now we're dealing with a regulated market (cme) vs the shenanigans in crypto (unregulated).
Too many new gullible people still in crypto space. Remember that most of us old traders and investors have been robbed by exchanges and I'm 100% sure it will happen again. It's not profit unless you have it cashed out in your OWN possession, whether fiat or coin, don't forget that.
My friend who lost 40k by CB last year in a flashcrash (within a few milli seconds) to serve as a reminder (yt link below) for 99% of traders who appeared to be very new to crypto. Ask old timer's from '11-'13 like venzen, richard heart, vincent (another victim $140k lost within 1 a few milliseconds) and marc de mesel who have ride the entire up and down to verify.
www.youtube.com/watch?v=NeZMO9s0...
We're at the edge of collapse and lots of people are ready to pull their money at any time, whether it goes up or down. If goes up, they are lucky to sell their last bags at better price. If goes down, will be less. Well, if you read my posts, you'd know most of my buddies already cashed out, because they all see the paintings on the wall.
The fact that buy volume keeps declining while prices are rising very high relative to volume forebodes bigger sells what is next to come, until a selling climax is reached. Meanwhile orderbooks get more tiny which can mean a sharp drop in price, hence I've pulled out all my bids.
Something is in the back of my mind this can end up as gold and uranium, flushing out all bids and put huge sell walls so price will not be able to come back higher.
There is no more growth for market, only decline going forward for a long time until this space has cleaned up from the bottom and that time is near now that regulations are close to being enforced by financial authorities with the power to enforce around the world.
Sure, the exchanges can prop up the price to stay above their own liquidation level, but once regulations are in, they are going to be audited. I and many many others think most exchanges doing some shady shit as well, not going to pass the inspections and are forced to close doors or suddenly they are "hacked" and close shop before big daddy steps in.
You'd know when your stop loss is being hit on the satoshi/exact cent multiple times, even flash wicks of 20% to stop you out before continuing the trend, leaving you in loss instead of profit, even when you were right, something fishy is going on when it not only happens to you, but over 20 people you know on a CONSISTENT basis. I've told you before, you CANNOT win vs the house, which means, if other traders have left, you are playing vs the market maker. Better gamble at a slot machine, you have more chance to win.
Most of us know that exchanges are the market makers, having fake walls of their own, trading their own walls and going against big accounts, especially when on margin. It's the result when they cannot make money anymore, since trading volume gets less and less (revenue from fees). I wouldn't be surprised if they accelerated their own demise to screw the market for the benefit of "white" settled cash in the cme and screwing the other party in foreknowledge of pumping on their own exchanges right when cme is closed, leaving big losses for those who shorted the bottom at cme. I can foresee a serious investigation here as well to inside trading with severe consequences, because now we're dealing with a regulated market (cme) vs the shenanigans in crypto (unregulated).
Komen:
Shitshow is going to end with a big bang, grab the popcorn. FUD is in the air.
Reminder: Around $1300, the bullrun began.
As for me, I'm leaving this toxic space, it's nothing like before, with the exception we're now in the same space as '14 where people on 10x/20x positions were getting liquidated left and right, whether long or short, using pnd algos (your infamous bart patterns). It's like I'm trading pennystocks now, it's becoming gambling to me when my and nobody else's targets are being hit, they either fly on either side by a huge offset, full bleeding retraces followed by a big pump on almost no volume.
Good thing is, I'm enjoying my free time with this beautiful weather and spending more time in my business. I'll be back once it reaches undervalueation, I will buy coin and send it to my private wallet. I'll wait until the traders come back to trade crypto, until then I'm out.
Have a great summer guys!
Reminder: Around $1300, the bullrun began.
As for me, I'm leaving this toxic space, it's nothing like before, with the exception we're now in the same space as '14 where people on 10x/20x positions were getting liquidated left and right, whether long or short, using pnd algos (your infamous bart patterns). It's like I'm trading pennystocks now, it's becoming gambling to me when my and nobody else's targets are being hit, they either fly on either side by a huge offset, full bleeding retraces followed by a big pump on almost no volume.
Good thing is, I'm enjoying my free time with this beautiful weather and spending more time in my business. I'll be back once it reaches undervalueation, I will buy coin and send it to my private wallet. I'll wait until the traders come back to trade crypto, until then I'm out.
Have a great summer guys!
Komen:
As a full disclosure, I still have cash in crypto and going to short only until I think the bottom is reached. The higher it goes, the more fills I will have. Leverage 1:1 and not more than 10% total of my left over equity. If bitcoin goes to 1 million usd, I'm still NOT liquidated. I take profit for each ~$500 it goes lower and it will automatically open new short. No stress, automated trading.
Komen:
Everything in the green and tether again in the red below $1. Can you smell the coffee yet? Someone is going to carry bags.
Komen:
You can't make this up... I never saw this in my life, lol. With volume as well, someone bought it for the price of 96 btc :D
Komen:
+1,4270,8388% instantly, it's still pumping +200% last few hours, lol
Komen:
Komen:
Funds are safu
bitinfocharts.com/de...PNhjgAMu4HDHigtobu1s
bitinfocharts.com/de...PNhjgAMu4HDHigtobu1s
Komen:
I bet on 3 strikes in a row: Fundsa are safu, next time it's real, people think it's all a joke again. Cheerleaders of mt gox and they don't even know it (speculation).
Komen:
Well, well. Spoofing continues on Bitfinex. Pushing 200 btc, but price drops, immediately pull out. From months ago I've posted this, that this will continue until (s)he's made example of by regulators and stripped 100% of assets + fined + jailtime.
If you followed my updates for a while, then you know I've said way in advance in April when people were selling their bags and getting the hell out of this market and what happened? Yep, article yesterday publishing the numbers of Coinbase of the FIRST (red) month (April) there are more withdrawals than deposits and in interviews, people were getting out of this market and they don't come back when the bottom is set. Just like my buddies who sold in dec and jan, they think bottom is below 3k with undervalueation at sub 2k.
I still think as well we gonna visit sub 2k, maybe relief bounce for 1-2 months at low 4k or even 5k, depending how desperate market makers are and everybody thinking it's the next bullrun, before the selling continues.
And yes, the market makers are DESPERATE. They not only signaled a failed market (see monthly chart) in favor of CME "white" settled cash, they are now so desperate that they have to liquidate people on margin and running stops with those judas swings and bart pump and dumps.
As Jordan Belfort would call it, a big ponzi pump and dump he ain't touching. Well, if you think the price is manipulated up (by same market makers) and bullrun started around $1.3k and tether injection around $1.8k and believe what Phil has said, then it's safe to assume "$2k is expected".
It can even go lower to 3 digits again. Maybe it's all planned in advance to destroy the miners, then take over + the supply. Why buy high when you can take over the space this way.
When it doesn't go to sub 3k, I doubt any (early/smart) investor is going to put one penny in to this. So they can manipulate prices high and eventually will lose when early guys are selling in their liquidity, so that will not happen for long periods of time. It was eventually going to happen.
Maybe I overestimated market makers. They gave people free ticket to exit at 10k, not bad. Now they give people the chance to short at better quotes the higher it goes, not bad.
Hence, I expect more manipulation, barts, making higher highs and lower lows just to screw up your stop losses, why not.
If you followed my updates for a while, then you know I've said way in advance in April when people were selling their bags and getting the hell out of this market and what happened? Yep, article yesterday publishing the numbers of Coinbase of the FIRST (red) month (April) there are more withdrawals than deposits and in interviews, people were getting out of this market and they don't come back when the bottom is set. Just like my buddies who sold in dec and jan, they think bottom is below 3k with undervalueation at sub 2k.
I still think as well we gonna visit sub 2k, maybe relief bounce for 1-2 months at low 4k or even 5k, depending how desperate market makers are and everybody thinking it's the next bullrun, before the selling continues.
And yes, the market makers are DESPERATE. They not only signaled a failed market (see monthly chart) in favor of CME "white" settled cash, they are now so desperate that they have to liquidate people on margin and running stops with those judas swings and bart pump and dumps.
As Jordan Belfort would call it, a big ponzi pump and dump he ain't touching. Well, if you think the price is manipulated up (by same market makers) and bullrun started around $1.3k and tether injection around $1.8k and believe what Phil has said, then it's safe to assume "$2k is expected".
It can even go lower to 3 digits again. Maybe it's all planned in advance to destroy the miners, then take over + the supply. Why buy high when you can take over the space this way.
When it doesn't go to sub 3k, I doubt any (early/smart) investor is going to put one penny in to this. So they can manipulate prices high and eventually will lose when early guys are selling in their liquidity, so that will not happen for long periods of time. It was eventually going to happen.
Maybe I overestimated market makers. They gave people free ticket to exit at 10k, not bad. Now they give people the chance to short at better quotes the higher it goes, not bad.
Hence, I expect more manipulation, barts, making higher highs and lower lows just to screw up your stop losses, why not.
Komen:
Oh, yes the kids in the comments who lack the capacity to reason and think!
www.tradingview.com/...nd-soon-with-a-BANG/
These days, everything is a FUD or a shill.
Talk positively about something? Shill.
Talk negatively about something? FUD.
The kids (literally) in crypto are too emotionally attached to some of their holdings. They were always on the losing side of history (read some books).
FUD = Facts-U-Dislike
Let me tell you a secret: Nobody cares about your "(us) production costs", market is doing what it does best. Mining in some parts of China is free, just write off of hardware $60/bitcoin. Flawed argument. Proof is mining gold or uranium. Narrow minded = no success in life.
As long as those people are still in market believing all fairy tales, it's easy profits for market maker and traders like me. When they come back in the future euphoric, it's probably the time to start thinking about selling to them.
Reminder, I don't have to post anything of this. In fact, most people who know all of this don't even speak about this, because they profit of your ignorance. If you don't like it, you are free to leave and follow the 99% who will gladly lead you to the poor house with a big smile on their face when they rip you off whilst paying for their service, but such is the path of the fool. See how bitconnect evolved and imploded, from start to finish and observe how people behaved (emotionally and intellectually).
www.tradingview.com/...nd-soon-with-a-BANG/
These days, everything is a FUD or a shill.
Talk positively about something? Shill.
Talk negatively about something? FUD.
The kids (literally) in crypto are too emotionally attached to some of their holdings. They were always on the losing side of history (read some books).
FUD = Facts-U-Dislike
Let me tell you a secret: Nobody cares about your "(us) production costs", market is doing what it does best. Mining in some parts of China is free, just write off of hardware $60/bitcoin. Flawed argument. Proof is mining gold or uranium. Narrow minded = no success in life.
As long as those people are still in market believing all fairy tales, it's easy profits for market maker and traders like me. When they come back in the future euphoric, it's probably the time to start thinking about selling to them.
Reminder, I don't have to post anything of this. In fact, most people who know all of this don't even speak about this, because they profit of your ignorance. If you don't like it, you are free to leave and follow the 99% who will gladly lead you to the poor house with a big smile on their face when they rip you off whilst paying for their service, but such is the path of the fool. See how bitconnect evolved and imploded, from start to finish and observe how people behaved (emotionally and intellectually).
Komen:
Nom nom nom 2k short close in liquidity. Nah, no manipulation.
pbs.twimg.com/media/DhWg7hyWkAET8zE.jpg
Komen:
Bye guys, enjoy the summer holidays, spend some quality time with your family as well, money isn't everything :-)
www.balloon-juice.co.../bull-bear-hyena.gif
www.balloon-juice.co.../bull-bear-hyena.gif
Many of early traders have been robbed in the last 7 years of crypto, not because of bad trades, but because of "hacks", "ddos", flash crashes and closing doors of exchanges. Many of them would be considered big whales today if not having been robbed of almost everything.
Those who survived created their own exchanges, platforms and groups. There are some really nice guys still in here and not so many nice people with dark intentions.
The transfer of wealth is slowly being transferred from traders and investors to exchanges through such circumstances and fees. They've become monster in this field. They are the real bosses here, not whales in the major markets. That's why you should be careful using margin and in altcoin space.
There are way too many naive and gullible traders and investors in crypto, with no prior experience in trading, finance and business. They didn't even saw the bubble forming and thinks everything can only go up and up. They have been punished, yet try to rationalize they're still in profit. They won't be anymore after carrying bags when they see their portfolio drastically decreased. Maybe that wakes them up.
For you to make a profit, somebody else has to buy higher from you and you need to go above all costs (fees, etc.). This last bull run to 11.8k was all too shady for me, since the volume wasn't there and I noticed the 0.1 buy orders and even tinier all day, every day coming from bots. Level 2 market profile showed this in detail to confirm my suspicion. There was no real demand, so big dumps were to be expected and as said earlier, they can go far lower than the price of accumulation, especially when you can go short.
Since exchanges have become behemoths, they have large stacks of btc in their possession. This game is then run by the most wealthy. You'd be naive to think they don't have a hand in this. Just question what goes on around you, does a 100k dump accross major exchanges in 15 minutes sounds legit to you? Or was it all orchestrated and all it took was to push news messages across news website at the same time to make it look like legitimate?
Even the sec has stated that the funds on all those unregulated exchanges are not in your possession, since you do not own the private keys. They can even change your orders or not execute them at all, without consequences.
Those are some huge risks you're playing with here unlike the forex market which cannot be manipulated other than government and central banks, this game is much worse. It's much worse than most shady forex brokers.
How do you know that hacks, ddos, website offline, etc. are not done on purpose to fill their own bags? How do you know if they didn't sell around the top and dumped on you? Since there are no audits and regulations, they can do whatever they want. And that game is about to end.
The coming crash:
As predicted, once again, exchanges will pull the floor from under you when the governments and international institutions are going after them. Some have already been fined for manipulation, but it will get worse. Audits are required, which means open book, which means we're going to see who does the pump and dumps, washtrading, spoofing, etc. They also go after coins from ico's on those exchanges and potential criminals and terrorists.
You think this is a good thing, and it is in the end, but what do you think about market price, isn't that what you care for ultimately? They have tons of bags to unload, but that's not the only risk, there is a far bigger risk. People are sueing the 2 major fiat exchanges which is still in the making. So you can get in, but you cannot get out, creating hotel california scenario. Then there are more court hearings soon from tether, but those are minor compared to what's going on.