Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by ivomm (1)
For example, after 12 March 2020, when the price recovered to 6K, he was confident there will be a pull back to 3K. He failed miserably then, losing a big portion of his wealth. After that, he announced he is retiring.
I've fucked this guy last year and I'll fuck him again.
How would you do that? You are not a whale becoin, right?
Sure the guys who are shorting might be employing some other tactics as well, but surely they do get reckt from time to time, and of course, those of us who are long in BTC are frequently wishing for various white knight angel bull whales to rescue us from periods in which BTC price is negative or stagnant. So, yeah part of the justification of not dickering around with getting in and out of any BTC long position (even when prices seem to be spiraling down) is that BTC's historical record shows that on average there are ONLY a few days each year that you should have been in bitcoin but none of us can really know when those are going to be, so if we miss out being "in" on those days, we end up getting fucked... having to chase the train down the track to catch up with our luggage falling behind. We've seen that movie, no?
Seems like this time they smarter and will break 30k slowly. This is worse than a hard dump.
At least the order book is still pretty strong, I thought the last drop would have cleared it out far more.
It's not over until the fat lady sings.
[edited out]
The only homogenous train of thought there should be allowed for each person that pertains to having a personality, enforcing it and upholding it.
In theory, that makes lots of senses as a coherent thought.
I really can't understand how such a moron made this profit. Recently BFX increased the leverage limit up to 10x. So this 800mil short position at 10x is backed up by only $80mil, which is 50-80% of the bitcoins this whale has. This is quite stupid IMO. A 10-20% increase will liquidate his position.
Looking forward to the guy (Joe007) getting liquidated. I thought that I had heard about him before late 2019.. but I cannot remember.. bitcoin can sometimes seem like a bit of a timewarp.