Was about to post this but you beat me.
Popcorn out in my discord’s watching real time. Many guys starting to short as well. Although also talk of major short squeeze
Was about to post this but you beat me.
Popcorn out in my discord’s watching real time. Many guys starting to short as well. Although also talk of major short squeeze
Buy the dip? (Something is giving me the feeling I am going to have a lot of opportunities to ask this question in the near future)Originally Posted by sonatine
solana down 30% in minutes
its happening
I admit I dont understand most of the posts, but I follow Bob Haralobob on Twitter (mainly for basketball related posts) and he has been active this morning giving his thoughts. He is always a good twitter read, I just wish I understood the topic better. The last few times he has been on Simmons podcast Bill has basically asked him to do some sort of "Crypto pod for dummies", and he has always been noncommittally semi enthusiastic about it. Probably isn't worth the effort to him.
Imagine buying luna earlier today expecting a bounce and you are down 95% in less than 24 hours... screams. Luna is gone... nothing can save it again.
Do Kwon has capitulated. Luna is gone. They want to change UST to collaterized stables instead of algo. Luna will be delisted on cexes soon
lol if it recovers it recovers but id like someone to show me the heatmap where we see enough short positions to generate a whole ass squeeze.
the legacy of the WSB/GME debacle is every time a fucking security recovers/reverses its suddenly a 'squeeze'.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
the hot goss is that the unknown actor(s) was blackrock/citadel and i think thats not exactly impossible but every crypto / memestock conspiracy theory on earth seems to involve blackrock and citadel so im kinda skeptical.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Just a reminder that there are enough casinos and "regular" financial instruments in the world where you can light your $$$ on fire.
Luna has "rebounded" from 84 cents to $3.69.
UST is now $0.472 after a low of $0.299.
Not sure what that means, maybe a dead cat bounce of some sorts.
There are a lot of very smart people who made 25M in “crypto” over the last few years that are still up $12.5M this morning that are starting to figure out having a guaranteed 12.5M isn’t such a bad thing and a whole lot better than 0.
Be some money to be made as not every one of these will go to zero this week but there is no federal reserve rushing in to protect this. People are going to get rect.
I wouldn’t rush in this morning, falling knife and all of that, but there is a BTC buy in my future.
I’m still hearing a lot of wait until low 20ks to buy Bitcoin.
https://www.coindesk.com/tech/2022/0...olleagues-say/
Both Kang and the anonymous employee tell CoinDesk Kwon was “Rick Sanchez,” the pseudonymous co-founder. CoinDesk also reviewed internal “Basis Cash Korea (BCK)” chat logs in which Kwon alludes to himself as “Rick.”
imagine the people who were up 25m at 60k but on 2x margin.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Anyone want to take a guess how much coin the Icon has hemorrhaged the past year? I mean you know he is BTC 4 life and never sold but off a small portion right? Buying "dips" in the high 30's probably?
Micon is set for life. Having a child and a wife greatly reduces risks you take. He’s likely already taken out several hundred thousand d into his daughters education savings and paid off his house if not bought multiple others.
Also
I was last friends with him 11 years ago, before the kid was born, so I'm going by what I knew of him then.Micon is set for life. Having a child and a wife greatly reduces risks you take. He’s likely already taken out several hundred thousand d into his daughters education savings and paid off his house if not bought multiple others.
I'm guessing that he and his wife have plenty of "disagreements" regarding how much should be left in crypto, and how much taken out as savings for the family. He probably has the upper hand in these discussions because he was the one who made the money in the first place.
I am very curious how much was actually set aside, and if they have some agreement that he cashes out X amount whenever it crashes. Doubt we will ever get the answer to this, though.
He was big on BCH as of 2017. It took a huge beating in the past year, losing like 85% of its value. I know he collected NFTs also, and perhaps he diversified into other crypto and did well. Big mystery how rich he actually is, to be honest.
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