****Official Crypto Degen Thread****
- Thread starter Moral
- Start date
This guy is a really good trader. Here he has some advice on how to watch BTC'S price action
Here he answers a question I have
Here he answers a question I have
He is definitely taking the safe path, however, he will not buy in bitcoin likely until bitcoin is at the 28-30k region this time around. I am invested in MSTR and at those prices from the most recent bottom I could see MSTR at $500-$600 a triple to a quadruple from the bottom prices Due to a short squeeze. I admit this has the chance of going the way of the dodo bird, but riddle me this, why does MSTR share price continue to trend higher gradually with the same relative respective price. Currently at almost $200 bitcoin at 17k. This summer bitcoin was 17.5k at the low point MSTR was $140. I guess that action would make sense if the short position was reducing - that is not the case MSTR hit its highest short position this year at over 40% of the float. The whole crux of the bear thesis is that interest in cryptocurrency and stocks is waning, by the price action in MSTR that thesis is completely wrong. People continue to buy up the short shares. If the margin begins to compress, I will reevaluate everything in my gut tells me we are going to see a wicked short squeeze in the future. How soon I am not sure, but for MSTR stock sooner rather than later, the borrowing costs today are up to 88%. MSTR has some immense risk. This isn’t something I am recommending to anyone. It is just very interesting price action,
Holy shit. That is the first time I have heard that guys voice. I’m ready to invest.
Since banned parody account. This is only slightly exaggerated from the original quote
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So having a blow off top and then having a strong base remaining? That’s what I see LOL.
JFC.
This ****er has been on the tv getting his dick sucked and now the government is going to top him off
This ****er has been on the tv getting his dick sucked and now the government is going to top him off
Imperative?
Just when you thought House Democrat, and easily one of the smartest people in Congress, Maxine Waters couldn't humiliate herself and outrage the peasantry any further with her white-glove treatment of Sam Bankman-Fried, whose fraud was behind the largest ponzi scheme since Bernie Madoff, she has bested herself once more.
Waters, the House Financial Services Committee Chair, is not planning on subpoenaing Sam Bankman-Fried, or is that Sam Bankman-Freed - to testify at the upcoming December 13th Congressional hearing about the collapse of FTX.
"Waters informed committee members of her decision at a private meeting Tuesday with Securities and Exchange Commission chair Gary Gensler on Capitol Hill," CNBC reported late in the day on Wednesday.
Waters apparently said "she wants committee staff try to convince Bankman-Fried to voluntarily testify".
And if he disagrees? Well... oops, but that's what all those tens of millions in donations to Democrats were for.
Binance withdrawals hit $1.9 bln in 24 hours, data firm says
Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world's biggest crypto exchange said it had "temporarily paused" withdrawals of the USDC stablecoin.
www.reuters.com
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