Bad Crypto Investing Advice

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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

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BTC is still dingledongling under 60k, which is good for me personally; I don't want the mooning to hit/peak until September.

In other news, the financial trench warfare in AMC and GME is still slogging on. Both stocks are about 2.5x their values from a month ago. TSLA's down about a third from it's all-time high two months ago. AAPL's below it's split price from last year. DFEN's doubled from it's pre-election price (this is a defense ETF and an indicator of what's happening in the world). MSFT is slooowly climbing but I bet we won't hear split rumors until it's closer to $300.

I just realized I could have bought a Nintendo Switch with some of my AMC profits but my priorities were wrong and I flipped everything into more AMC calls *facepalm*. No I didn't get a stimmy check, because even in the worst of times I'm still too amazing for charity. :P

Oh, my 5 shares of Atari (PONGF) have nearly doubled, worth almost $4 now! :lol: There's some hype that there will be Atari-based casino machines so I'm looking forward to not playing them. You see me in a casino, you know I'm there for someone else. :P
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Furious
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Re: Bad Crypto Investing Advice

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BTC taking it's regular dive on a Sunday. Predicting tomorrow will be 59k again.

And on PONGF (Atari):
- new console (meh)
- themed casino (meh)
- starting their own NFTs (hmm)
- starting their own crypto token, that you can use to trade NFTs, for console transactions, and in their casino (o rly??)

...
*orders 100 shares for Monday*
still skeptical buuuutttt not as skeptical :P
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Furious
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Re: Bad Crypto Investing Advice

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Still a lot of day left ( I don't like being wrong ), but as you can see below (sorta :P), sellers tend to sell off Fri-Sun and then it climbs back up for the rest of the week. The big drop on the 15th was the panic sell.

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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Okay, HAD INSOMINIA last night and spent the whole time trying to animate a butt just go with it there's no good way to explain it

I'm going to TRY and sleep for an hour. If Wall St nukes itself in that time, I didn't do it!
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Furious
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Re: Bad Crypto Investing Advice

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Everything's down (possibly) because hedge funds are gathering capital from other sources to keep doubling down for GME/AMC. Allegedly, four times the amount of short AMC shares exist than actual AMC shares. Can't say for sure; there's a lot of disinfo flying around.

BTC's still in my comfort zone by a wide margin.
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Maeve
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Re: Bad Crypto Investing Advice

Post by Maeve »

I thought this was just a joke the other day, but apparently Berkeley Breathed is doing NFTs with Bloom County characters.

I adore Opus and Bill the Cat, but I still don’t understand what’s going on :)

I hope he makes a bajillion dollars.
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Furious
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Re: Bad Crypto Investing Advice

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Maeve wrote: Thu Mar 25, 2021 8:05 pm I thought this was just a joke the other day, but apparently Berkeley Breathed is doing NFTs with Bloom County characters.

I adore Opus and Bill the Cat, but I still don’t understand what’s going on :)

I hope he makes a bajillion dollars.
NFTs make no sense, but then again neither does crypto or the stock market. I'm bullish on them for the obvious reason which I will not say since the Board isn't a flea market, not until we approve of a flea market thread, at least. :P

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BTC took a bit hit this week (and may drop again in its usual Sunday dump) and $2 billion of those 'cheap' coins were quickly picked up by whales and institutions. If the little guy swing traded/margin traded last week they lost. https://dailyhodl.com/2021/03/27/bitcoi ... -is-going/

Let me restate my BTC growth prediction: Next few months, crazy gains (SELL?); then a bear market which could last a year (BUY IN right HERE right NOW) and then the slow multiyear climb to the next superpeak (HOLD). Big money will do everything it can to shake the little guys off during every phase of this cycle. The next bear market will probably be the last time normies like you and me will be able to buy full Bitcoins all at once.

not investment advice unless you want to buy my NFTs then go crazy
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Furious
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Re: Bad Crypto Investing Advice

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Hedge funds and other darkpool traders (banks) are beginning to point fingers at each other because of moneys due from shorting GME/AMC: https://www.cnn.com/2021/03/29/investin ... index.html.

In the next few days don't be surprised if you see a ton of media screeching "ZOMG IF THE BANKS FAIL WE ALLLL FAIIILLLLLL!!!". Remember, the economy is already messed up and we're predicting (we: me and the people I pretend to listen to my carny barking) the Big Crash will occur this fall anyways. Don't believe little guys who might profit from this short squeeze are killing the economy, especially when hedgie CEOs are pocketing hundreds of millions a month from destroying businesses and jobs.

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Bitcoin has stabilized at 58k for the past few hours (b-but wasn't it $7k -less- four days ago??) and i HOPE it'll be relatively boring and stay at this level until midsummer, but with hedge funds throwing bratty meltdowns and tree-shaking/buy-ups from whales, this will be a bumpy ride.

Timing-wise, I think Bitcoin's upcoming superpeak and the upcoming stock market crash (both predicted by cycles this fall; don't blindly listen to me, research this yourself) are coincidental but they will affect each other. How?... one may accelerate the other. If I would have to pick getting stuck in stocks or crypto this fall I'd choose crypto, but either asset's going to get whomped. Crypto -should- recover quicker.
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Another reason NOT to daytrade BTC:
wew btc wtf 2021-03-31_4-42-02.jpg
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That's a BTC pump and dump that all occurred within 90 minutes, $3000 difference between peak and bottom. Scary? Yes, but being a long-tern HODLer I should ignore the whale blips but I enjoy watching the turmoil. Math freaks enjoy the pretty sine wave. :P
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Furious
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Re: Bad Crypto Investing Advice

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BTC did, a $5,000 pump
Then BTC did, a $10,000 dump

Hmf. Sold one Bitcoin recently but I'm still holding overall.
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