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

[Flexacon]

https://www.msn.com/en-us/money/markets/bnb-token-falls-to-lowest-levels-since-july-what-happens-to-crypto-and-defi-if-binance-fails/ar-AA15ooH2?ocid=msedgdhp&pc=U531&cvid=624b6d7b8c35468888198c88b8831c5e

I would not take advice from Flexacon another Gib in disguise.

What advice exactly do you think I gave?

[deadz]

What advice exactly do you think I gave?

"A Binance bank run is incoming." Keep your shitty advice to yourself. You know about as much as a drunk tripping through a casino.

[Flexacon]

"A Binance bank run is incoming." Keep your shitty advice to yourself. You know about as much as a drunk tripping through a casino.

And what exactly do you think that means?

[Flexacon]

Have you finished eating your crayons deadz?

[Thin Lizzy]

He wasn’t wrong. it’s just that once something becomes public, the price move typically has already happened, the old “Buy the rumor. Sell the story,” adage:

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

https://cointelegraph.com/news/bitcoin-dips-under-17k-as-craziest-rumors-over-binance-sink-btc-price

[Flexacon]

He wasn’t wrong. it’s just that once something becomes public, the price move typically has already happened, the old “Buy the rumor. Sell the story,” adage:

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

https://cointelegraph.com/news/bitcoin-dips-under-17k-as-craziest-rumors-over-binance-sink-btc-price

He posts news articles actually confirming what I said would happen whilst thinking he's doing the opposite. I haven't seen such levels of stupidity outside of a Bhanky or MattC thread. Good job deadz.

And my post was more a warning for anyone with funds in binance, but the information could have easily been used to make very profitable trades shorting. Same with my crypto.com warning and absolutely with my FTX and SOL warning. It was all posted hours if not days before the big market moves happened.

Keep posting though deadz, retards are always welcome here and I love reposting and bragging about my moves and market predictions.

[Thin Lizzy]

Apple coming into long term bottom:

[Thin Lizzy]

It will be interesting to see how low Tesla eventually goes. I’ve never seen a stock with this big of a market cap that’s so manipulated.

I’d bet it goes down to least 300 probably lower.

Damn, almost there. 100 is 300 pre stock split.

[Mayday]

"A Binance bank run is incoming." Keep your shitty advice to yourself. You know about as much as a drunk tripping through a casino.

Flex is pretty good mate. IMO he is a legit real deal and you need to remember just because someone posts something it doesn't mean 1-2-3-4-5 days later they changed their opinion because something they saw played out.

Damn, almost there. 100 is 300 pre stock split.

Does it go back to high 40s pre pandemic price?

I note the money supply is flat YoY (M3 where i am is still expanding due to credit expansion but printing stopped end of 2021) but the liquidity drain seems to be wanting share prices to go back to pre-pandemic levels. If we get a bottom while the MS is flat, the next infationary wave is going to blow our heads off but surely it won't all run back into Tesla?

[Thin Lizzy]

Flex is pretty good mate. IMO he is a legit real deal and you need to remember just because someone posts something it doesn't mean 1-2-3-4-5 days later they changed their opinion because something they saw played out.

Does it go back to high 40s pre pandemic price?

I note the money supply is flat YoY (M3 where i am is still expanding due to credit expansion but printing stopped end of 2021) but the liquidity drain seems to be wanting share prices to go back to pre-pandemic levels. If we get a bottom while the MS is flat, the next infationary wave is going to blow our heads off but surely it won't all run back into Tesla?

Tesla currently has a market cap of ~350 billion with a PE of about 35. Toyota’s cap is 220 billion with a PE of 10. Apple’s PE is about 20.

I don’t claim to know the bottom for Tesla but I suspect it’s going considerably lower.

[Thin Lizzy]

It’s over for all these unprofitable companies that were relying on cheap funding. This chick’s fund is already below Covid lows with no bottom in sight.

I can’t wait for all of these online delivery services to go bust. In New York City you can’t walk two feet without getting buzzed by some 5 foot Mexican on an E bike delivering for DoorDash.

[Thin Lizzy]

Bump:

Silvergate Capital tanks 40% after crypto bank discloses massive Q4 withdrawals

https://www.cnbc.com/2023/01/05/silvergate-capital-tanks-40percent-after-crypto-bank-discloses-massive-q4-withdrawals.html

[Flexacon]

Bump:

Silvergate Capital tanks 40% after crypto bank discloses massive Q4 withdrawals

https://www.cnbc.com/2023/01/05/silvergate-capital-tanks-40percent-after-crypto-bank-discloses-massive-q4-withdrawals.html

Contagion unwinding and it's far from over.

Wyre has shutdown
Gemini earn is in a $1b hole
DCG is in a massive hole
Anything Barry Silbert touched looks fucked
Justin Sun has stopped paying staff in fiat.
Crypto.com, Binance and tether are looking sketchier than ever
Saylor looking like a huge degen using debt to buy BTC. A margin call can't be far away
Coinbase runway evaporating



Update *
Justin Sun/Huobi  in choas. Either a JS rug or Huobi staff meltdown
Genesis parent company Digital Currency Group just shut down its $3.5 billion wealth management division

[Mayday]

Bump:

Silvergate Capital tanks 40% after crypto bank discloses massive Q4 withdrawals

https://www.cnbc.com/2023/01/05/silvergate-capital-tanks-40percent-after-crypto-bank-discloses-massive-q4-withdrawals.html

Seems to be the standard testing of who actually has collateral. Saylor has that 200M loan from them of which he bought more Bitcoin.

Saylor sold 46M in shares in December to buy more Bitcoin. The guy is an addict. His businesses is paying 6.25% on debt, they lose money each year, he sells shares to buy more Bitcoin and he is 60% underwater on assets to debt. Why the hell his share price is not $1 is surprising.

[a_pupil]

Seems to be the standard testing of who actually has collateral. Saylor has that 200M loan from them of which he bought more Bitcoin.

Saylor sold 46M in shares in December to buy more Bitcoin. The guy is an addict. His businesses is paying 6.25% on debt, they lose money each year, he sells shares to buy more Bitcoin and he is 60% underwater on assets to debt. Why the hell his share price is not $1 is surprising.

Unless there's a massive turnaround, that guy might have made one of the greatest business cockups of the modern era. From what I remember, they brought in when bitcoin was close to its peak high.

[Flexacon]

Unless there's a massive turnaround, that guy might have made one of the greatest business cockups of the modern era. From what I remember, they brought in when bitcoin was close to its peak high.

These are most of his buys. Average btc buy is just above 30K

Long term there is a good chance of a turn around, but the question for him is can he stay solvent long enough to see it.

[Thin Lizzy]

Unless there's a massive turnaround, that guy might have made one of the greatest business cockups of the modern era. From what I remember, they brought in when bitcoin was close to its peak high.

Chart does have the look of a stock that’s going lower:

[Griffith]

Contagion unwinding and it's far from over.

Wyre has shutdown
Gemini earn is in a $1b hole
DCG is in a massive hole
Anything Barry Silbert touched looks fucked
Justin Sun has stopped paying staff in fiat.
Crypto.com, Binance and tether are looking sketchier than ever
Saylor looking like a huge degen using debt to buy BTC. A margin call can't be far away
Coinbase runway evaporating



Update *
Justin Sun/Huobi  in choas. Either a JS rug or Huobi staff meltdown
Genesis parent company Digital Currency Group just shut down its $3.5 billion wealth management division

Some of the 'influencers' on Twitter are salivating at the thought of stoking more FUD to crash the prices further.

Most are sitting with cash, it's in their interests to see prices drop.

[SOMEPARTS]

BTC is a brutal 1 year chart to look at. Keep staring at it hoping it returns.

[Flexacon]

BTC is a brutal 1 year chart to look at. Keep staring at it hoping it returns.

Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out

[SOMEPARTS]

Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out

Former retail investors AKA dumb money have been wiped out already.

I have a cousin who is a plumber who bought 100k BTC at 63k and was sure he was not going to have to work.

You think he's coming back? LOL

Mailbox money AKA stimmy is over, people are going to have to spend their own money now. The next two years are going to be screws turning on both Joe Six Pack and underemployed Bernie Bro types. Where is this capital inflow coming from?

[Flexacon]

Former retail investors AKA dumb money have been wiped out already.

Have they? Plenty waiting on the sideline to buy back in

I have a cousin who is a plumber who bought 100k BTC at 63k and was sure he was not going to have to work.

You think he's coming back? LOL

Yes. He'll probably buy back in again near the top of the next run because of fomo.

Mailbox money AKA stimmy is over, people are going to have to spend their own money now. The next two years are going to be screws turning on both Joe Six Pack and underemployed Bernie Bro types. Where is this capital inflow coming from?

You either didn't read or understand the post. It actually made the case for why capital inflow isn't needed to send the price up. The price is manipulated up to entice dumb money back in, not the other way around. Anyway you do know stimmy was mostly a US phenomenon. The rest of the world did not get stimmy cheques. Stimmy didn't send crypto up in 2019, 2017 or 2013.

[Mayday]

Makes sense Flex.

The story goes those people decide on an indicator then paint the data according to that indicator so it looks like it’s working, then rug pull.

People forget it was crypto which ran up in price before everything else out of the pandemic. It was clearly very easy to hype up.

[Theoak*]

Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out

Yes, the regulators dropped the ball on this one and allowed crooks in wall St to say fuck it let's start offshore exchanges and offer  contracts 125 to 1 leverage.

We saw it with FTX selling btc It didn't have and even at 99% house odds the idiots still managed to blow themselves up.

Where onshore exchanges were offering 2.5 to 1 odds, just goes to show you how far out of wack things were.

The real question is when do we see a short squeeze in btc at which point it makes no sense for retail to not let go of any btc? 5, 10 even 20 years from now?

2018 there was something like 3.6 million btc on the exchanges. 2022 I believe that value is now 2.1 million? With the halving approaching next year 900btc mined a day becomes 450.

There is definitely money waiting on the sidelines for regulatory  clarity, maybe we don't see that clarity until 2025.

As for the plumber, that guy will be back degening into the next animal coin to try make 100x. As long as greed and fear remain in the human psyche then the market will be rife with gamblers.

[SOMEPARTS]

Coinbase fires 20% and their CEO says dark times are coming.

Y'all keep on hoping.

Saying that manipulation is needed more than smart money is hilarious.


https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees