Bitcoins - about to hit $5,000 per coin today!

[Thin Lizzy]

Amazon getting crushed after hours after Facebook getting the same today:

[Mayday]

Amazon getting crushed after hours after Facebook getting the same today:

Lizzy and Flex, what are your thoughts on why ‘after hours’ suddenly seems to be where large moves are happening. Why is it not seen during trading hours?

PS I know zero about what after hours even is.

[Thin Lizzy]

Lizzy and Flex, what are your thoughts on why ‘after hours’ suddenly seems to be where large moves are happening. Why is it not seen during trading hours?

PS I know zero about what after hours even is.

Earnings releases typically take place after the market closes or before it opens. So, orders come in then and can have a big effect. It’s the same drill with economic reports like employment data or the CPI which are released before the open.

I’ve yet to figure out a way to play it as you’re just taking a guess as to how the market will react and if you’re wrong you can get hurt. I just stay clear.

[Flexacon]

Lizzy and Flex, what are your thoughts on why ‘after hours’ suddenly seems to be where large moves are happening. Why is it not seen during trading hours?

PS I know zero about what after hours even is.

Most major news regarding a company breaks after hours (and pre market) Amazon and apple quarterly earnings were announced after hours today. Amazon had pretty bad earnings and dumped hard. Apple did okay, but got dragged down by Amazon dump.

Large moves have always happened after hours though. Stocks are more volatile right now so the dumps and pumps seem pretty wild, but it's always been like this.

If you took the historical average of market hours trading (buy open, sell close) it's slightly red, but basically trades flat. Do the same for when markets are closed and it's up several 100 percentages

[Mayday]

Cheers lads 

Sharemarket looks crazy one sided. All I red is how people are going to short it from here. Same with crypto, oh it’ll go to xx and then I’ll short it again……

If something goes wrong it feels like everything might go to the upside. Then people short it again because ‘it’s gunna crash’ but it grinds up, rinse and repeat and things end up grinding higher and higher.

Then with so many in cash waiting for a crash…. What do they do? Buy? Price grinds higher once again…..

time wise we are edging closer and closer to big stimmy. What if this grinds up and then we hit Jan, stimmy comes in and then Market declares  ‘stimmy in, bullrun has started!’ And then we see a FOMO run for months on……

[Mayday]

Kind of like the property crash calls for the last year and people are sitting on the sidelines waiting for some epic crash but it hasn’t turned up.

Housing supply is tight as hell not just because newConstructions now take a year to complete instead of 4 months but owners have mortgages at 3% and don’t want to sell because the new rates are at 7%. The crash simply can’t manifest itself because there is so much weird stuff going on in the background.

[affeman]

I would go crypto.com or coinbase pro.

LMAO

Great advice, crypto.com is a few weeks from filing for bankruptcy, invest there and you won't see any of your money ever again

[Flexacon]

LMAO

Great advice, crypto.com is a few weeks from filing for bankruptcy, invest there and you won't see any of your money ever again

This is a very poorly informed post.

The biggest selling/marketing point for crypto is that you can buy it from an exchange like crypto.com and send it to your own private wallet.

It doesn't matter what happens to crypto.com after this as you now have custody of the asset.

[Griffith]

Binance has low trading fees, 0.1%, but can be lower if using BNB for fees.

[Flexacon]

FTX Token (FTT) could be gearing up to do a Luna. Anyone with Sol and Algo bags needs to watch out for a dump too.

[Theoak*]

FTX Token (FTT) could be gearing up to do a Luna. Anyone with Sol and Algo bags needs to watch out for a dump too.

Another shitcoin bites the dust. Timely reminder that Btc has no CEO. The guys networth went from 14billion to 900million in under 24hrs.

[Flexacon]

My schadenfreude knows no bounds.

Sol looks like it is getting ready to give it all back by the weekend.

13K Btc could be a bottom

[Mayday]

My schadenfreude knows no bounds.

Sol looks like it is getting ready to give it all back by the weekend.

13K Btc could be a bottom

My HEX and HEdron positions are just above water.l those will drop shortly I think. That’s fine as they are 2025-26 timeframe anyway and I am happy to ride these out.

Ironically the ones I thought were safe which was SOL and AVAX, are fucked. I sold 100%  of my SOL for a 25% loss and now that remaining 25% is 50% down. My AVAX is 25% down, I’ll hold for now. for SOL my thought was will this do another LUNA? This was the exact same scenario and I hated the thought of riding it all to 0.000001.

These Ivory tower operators still doing the same stuff. Taking loans on holdings then becoming illiquid and collapsing.

In history when we broke below the long standing lows we saw a further 50% drop. So this will be interesting. I had a number of strong signals say this was the bottom so it’s interesting they all seem to have failed.

What is interesting is this has not change the BTC dominance.

[Flexacon]

My HEX and HEdron positions are just above water.l those will drop shortly I think. That’s fine as they are 2025-26 timeframe anyway and I am happy to ride these out.

Ironically the ones I thought were safe which was SOL and AVAX, are fucked. I sold 100%  of my SOL for a 25% loss and now that remaining 25% is 50% down. My AVAX is 25% down, I’ll hold for now. for SOL my thought was will this do another LUNA? This was the exact same scenario and I hated the thought of riding it all to 0.000001.

These Ivory tower operators still doing the same stuff. Taking loans on holdings then becoming illiquid and collapsing.

In history when we broke below the long standing lows we saw a further 50% drop. So this will be interesting. I had a number of strong signals say this was the bottom so it’s interesting they all seem to have failed.

What is interesting is this has not change the BTC dominance.

SOL is centralized crap that is fundamentally flawed. Its price was pumped by VCs involved in Alameda. It won't go to 0.000001, but under $10 definitely, possibly under $3.

People sell and go into stablecoin. Check BTC dominance excluding stablecoins and you'll get the real dominance.

[Mayday]

SOL is centralized crap that is fundamentally flawed. Its price was pumped by VCs involved in Alameda. It won't go to 0.000001, but under $10 definitely, possibly under $3.

People sell and go into stablecoin. Check BTC dominance excluding stablecoins and you'll get the real dominance.

All coins are pumped.

The only real difference seems to be some of the players take huge leverage against other people’s deposits..

Dominance hasn’t really changed between the top coins 

[Flexacon]

All coins are pumped.

The only real difference seems to be some of the players take huge leverage against other people’s deposits..

Dominance hasn’t really changed between the top coins 

Dominance is up, but not much. Give it a few days.

Market doesn't look like it's done dumping either. Btc drops another 25%, Eth 50% Alts 60% plus and that sends Btc dominance up.

It's full bear mode. FTT to 0.0X, miner capitulation, harsher calls for regulations in US because of FTT. It's gonna wash Alts out in big way

Sol was pumped like a shit coin and on lies. Eth killer, cheap gas, partnerships, it's mobile phone etc. But the fundamental issue with it is that it doesn't work. It "broke" plenty of times, but degens just didn't care. It only works as a centralized blockchain, but that kinda defeats the purpose.

[Thin Lizzy]

Wonder how much he had invested. Couldn’t find the answer🤔

Tom Brady risks losing ENTIRE investment after FTX exchange he plunged fortune into crash

https://www.dailymail.co.uk/sport/sportsnews/article-11408011/Tom-Brady-risks-losing-ENTIRE-investment-FTX-exchange-plunged-fortune-crash.html

[Abelard Lindsey]

They say FTX's founder is on the run. Apparently he used investor funds, in segregated accounts, to fund his own trading group, called Alameda. If so, he should be put in prison for a long time. Of course we know of another well-connected democrat who did the same thing with client's money and got away with it, Jon Corzine of MF Fund.

[OneMoreRep]

They say FTX's founder is on the run. Apparently he used investor funds, in segregated accounts, to fund his own trading group, called Alameda. If so, he should be put in prison for a long time. Of course we know of another well-connected democrat who did the same thing with client's money and got away with it, Jon Corzine of MF Fund.

Rumor has it the young boy might go to prison if this gets properly investigated, which the SEC has started to do.

Frankly, seems like he very much deserves it given what's been reported.

"1"

[Flexacon]

Rumor has it the young boy might go to prison if this gets properly investigated, which the SEC has started to do.

Frankly, seems like he very much deserves it given what's been reported.

"1"

Can the SEC do anything? SBF doesn't live in the US and FTX doesn't operate in the US. There is a separate company FTX.US and that's in good health.

[Theoak*]

Rumor has it the young boy might go to prison if this gets properly investigated, which the SEC has started to do.

Frankly, seems like he very much deserves it given what's been reported.

"1"

The days of issuing tokens out of thin air are gone, governments  will go after people. Many players small and big lost $$$. As bad as it sounds this is what is needed  20k altcoins need to be flushed. This is the last flush of leverage.

FTX is apparently in a 8billion dollar hole, somebody is going inside.

[Mayday]

Dominance is up, but not much. Give it a few days.

Market doesn't look like it's done dumping either. Btc drops another 25%, Eth 50% Alts 60% plus and that sends Btc dominance up.

It's full bear mode. FTT to 0.0X, miner capitulation, harsher calls for regulations in US because of FTT. It's gonna wash Alts out in big way

Sol was pumped like a shit coin and on lies. Eth killer, cheap gas, partnerships, it's mobile phone etc. But the fundamental issue with it is that it doesn't work. It "broke" plenty of times, but degens just didn't care. It only works as a centralized blockchain, but that kinda defeats the purpose.

I was hoping we’d just track along that level as S&P was ok. Was right for 4 months but breaking through was a bad sign.

The big boys won’t even touch BTC at 9k so…. Yeah……

[Griffith]

Looks like we're entering into depression...

[Flexacon]

Looks like we're entering into depression...

I think we're at denial and the start of panic. The FTX contagion and bank runs could still take out other exchanges and their tokens. Traders and lenders could get screwed. Miners are in capitulation territory too.

[Griffith]

I think we're at denial and the start of panic. The FTX contagion and bank runs could still take out other exchanges and their tokens. Traders and lenders could get screwed. Miners are in capitulation territory too.

I say 'depression' judging from the comments I'm seeing on Twitter and other groups.

But I do think another leg-down is very possible. The dust hasn't cleared yet.