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Ponzi

The dogs bark, the bears eat themHello, there is an arabic proverb that says "The dogs bark, the caravan moves along/passes". Applies to crypto, as illustrated here: Now, does anyone know what happens when you fire a bullet in the air? Right, it first goes up at supersonic speed, then slows down, then tops, then falls back down, and it falls down much more vertically than how it went up. Bitcoin as you can see, is following perfectly the laws of the universe. I am trying to make such a curve for 2015, but there is a problem, I cannot make a legit one: Try it yourself! The only way for Bitcoin to be bullish is if it stays above this - and this is kind of a stretch very unprecise could not make it fit well: Once it falls below, say good night. Long the dead cat bounce at 1500-1800$, then don't touch it till 600 at least. Now that every one knows about this ponzi, and mainstream invested in it, there are no fools left to buy. The fools in now are suckers that do not want to take risk, they want a "sure thing", they always behave like this, and this is when things die. Just check their reactions every time they see a bear PROVE to them they are wrong. Extreme hostility, and even more, they project their own fears "haha you are mad you missed out" "people will make fun of you in 5 years", they are so scared of thinking differently to the herd and risking looking dumb. They actually think every one is like them and trying to be a good sheep. Bagholders in crypto keep saying because the price crashed twice in the past and then went up, it should go up again. What kind of argument is that? Absolutely stupid. There are so many counter arguments. And like it's the same situation now than 5 years ago... Rofl try harder. The only way for crypto to go up now that my grandma knows about it, is for it to be adopted, still will not mean $250,000, not necessarilly 20k even. Changes, new tech, in DARK AGES GOT ADOPTED FASTER THAN BITCOIN. So, what is holding it back so much in 2019? The Rotschilds? Lol nice one. It is not getting adopted because it sucks! Plain and simple. It was getting some adoption 5 years ago because criminals could use it to hide, but now the only people using it are dumb moronic bagholders that are heavilly invested in and want to convince the world Bitcoin is a real thing. And do not forgot that early adopters have quit Bitcoin / do not believe in it anymore... Very few people are calling for 0, might be unsure and scared of the backlash for making that call if they are wrong, and honestly, if they are right too. I could not care less about attracting the hate of idiots that supported and enriched criminals for their own supposed selfish gain. This time will not be different...
BNC:BLXShort
by MrRenev
6
BNFT from the bubbleHere's one that's "Benefit"ing from the bubble. Flat revenue, no growth in last 4 quarters, negative income yet trading at 7X Revenue. That's right, a P/S ratio twice as high as AMZN for a money losing company with no growth. Incredible. I wouldn't short it though, institutional holding is 120%. It's a continuous short squeeze. Just more proof we're in a bubble and trading on fundamentals is a losing strategy in a bubble. Be careful what you short and look at institutional holding %.
B
by hungry_hippo
1
Engineered 3rd weekend liquidity grab mm, short ponziGet ready for the big short to 2k, same actors in play that left the 3k liquidity pool untouched gonna liquidate shorters on okex and some degens at mex in weekend again before the mother of all barts (moab) to lower trading range at 1.8-2.4k before one more corrective bullrun to max 13-16k with avg at 8-10k. If that happens, cash out and come back at 3 digits. 2017 bullrun will never happen again, just my opinion. I call it ponzi, because every bulltard and bagholder tries to sucker in new fiat which doesn't seem to come, which is 99% of ct. Don't overleverage, hedge when needed so you can reduce risk and profit from tether pumps. Watch combined fiat orderbooks since the lows, almost nothing, same actors used that in pump, so they should be liquidated in the hell candle open.
KRAKEN:BTCUSDShort
by CryptoSwindle
6
Wayfair Ponzi Scheme Quarterly Loss Report due Friday MorningWayfair will be reporting its quarterly loss this Friday morning. If I was inclined to short anything in this market, it would be W. That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol? The only reason why this keeps going up is because it's 120% owned by institutions. That's right, all of the shares being traded daily are borrowed shares, and Fidelity seems inclined to buy more. Complete Ponzi scheme.
NYSE:WShort
by hungry_hippo
5
Bitcoin is going to "0"I've shorted my first bitcoin after a year of watching and waiting for the bear market to begin. When it broke down from 6k i figure I take out my life saving to short it on its way to zero because everyone will want to buy while accumulators over last year will be trying to get out of their underwater postion. Here I am shorting the 3550 level. Tone Vays said the deadcat bounce was over and that bitcoin will go to sub 3k now. Tyler believe bitcoin will go to $900 but I say "0". Bitcoin is a ponzi scheme based on zero fundamentals and it has no principle for being sound money. I have decided to close my SPX short and short BTC at 1.5x. Bitcoin will never actually overcome central banking because central banks have more money and people trust in their dollar that is backed by the faith of the US government and its people. BTC is backed by nothing and fully autonomous w/ market manipulators from CME shorting it lower and lower. Craig Wright also claims that Lightning Network is a ploy by Blockstream to keep the network cost of mining high. Bitcoin cant scale to the world. If bitcoin fails every other crypto will fall and the only thing thatll be left standing is ripple. Thats only because ripple isnt a scam like bitcoin. Well good luck my fellow bear, I also plan on longing the dollar with my profits because Trump is going to back the US. Dollar w/ gold.
BNC:BLXShort
by nujabes_
1
BTC BULL TRAPThe Carnage isn't over yet, its only just begun. BTC is displaying massive HIDDEN BEARISH DIVERGENCE (HBD) Bounced perfectly off a double bottom, and ran straight into the confluence zone (C.Z.) (marked with the 0.382 and 0.618 fib level) pushed through then was swiftly rejected. Price tried the retest, but that was also rejected. From the top of the range ive drawn a box to the C.Z. then coppied it and placed it from the C.Z. down and it gives a predicted price of 2861.4, the HBD is also an indicator that we are going down. In this chart there is a formula for calculating pride predictions with HBD and Ive backtested it with previous price (please not its not precise to the cent and should only be used as an estimate) In this chart there is also 2 x HBD and ive used the formula again Now that youve read it all go back and look at 3121 in the chart at the top, hence the box ;) Time will tell how this plays out!
BITMEX:BTCUSD.PShort
by The_Fib_Kid
If you put $1000 into Bitcoin last year, you would now have...Sorry for pooperino sounderino :( If you put $1000 in Bit-con 1 year ago you would now have 170$ :) Happy anniversary ATH Bitcoin ponzi. How normal markets behave: How a ponzi behaves: So unlike normal markets here we have: * Negative sum (FX null sum stocks positive sum) * The whole system depends on miners which either: A) Get paid in crypto for running the system, that they sell and drop the price. B) Get paid in crypto for running the system, which they hold greedily until they have a fat stack that could single handedly crash the entire system. * 99% of crypto existance is based on exchanges. Bitcoin was nothing before MtGox. People go to crypto exhanges to buy and sell. Unlike normal markets, these exchanges ar enot neutral. At all. Arthur Hayes is a crypto early investor and "believer" for crying out loud. They hold bags and have a 100% full clear conflict of interest. Also, if this ponzi collapses, their businesses likely die (unless theystart diversifying quick but all these names... like they can all make the transition to Forex or something else). The people running the show are dependent on it not crashing, or as slowly as possible. They are not regulated too. It is in their interest to keep this alive as long as possible. WHAT COULD POSSIBLY GO WRONG? :D Leprous - Contaminate me. Coldplay - Fix you.
BITSTAMP:BTCUSDEducation
by MrRenev
W Bounce off 50DMA?Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts. This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes bankrupt, then we'll know the market has hit a bottom. Probably 2 years while we're in a recession.
NYSE:WShort
by hungry_hippo
2
200$ is incredibly cheap for this stockA gigantic transfer of wealth is about to occur from big Oil to the wise investors that were able to get into the next source of energy early enough. Let me remind you the Oil market makes TRILLIONS of revenue a year, and the market cap of Oil is too big to fathom. Evil misguided greedy Wall Street cannot stop this train. We are powerful, we are standing storng together, and they know it. This is why they are so scared of us. But even worse, big Oil is shaking! This is a massive revolution, there is no stopping progress, and soon dirty energies will disappear and clean biofuel will replace. Big Oil is shaking, they are doing anything they can to stop this. They have repeatedly manipulated the price, but we have held, and we will keep holding. The lower they push the price, the more cheap shares we can accumulate. YOU CANNOT STOP BIOFUELS. YOU CANNOT STOP US. WE ARE LEGION. WE ARE THE SMART ONES THAT KNOW THERE IS NO STOPPING THIS. FOSSILE FUELS ARE NOT INFINITE. THEY WILL RUN OUT. AND ALL THAT WILL BE LEFT WILL BE BIOFUEL. THIS IS VERY VERY VERY FAR FROM REACHING MASS ADOPTION. REMEMBER TECH ADOPTION CHARTS. WE ARE HERE: It is now clear Big Oil are doing all they can to stop this even if it costs them everything. So I will not change my mind. Noise does not scare me, I just smile at the ability to buy more cheap. I am in this for the long run.
PLong
by MrRenev
12
Bitcoin , biased journalism ,C.C.N. BitscamLast night, a journalist from C.C.N., while Bitcoin was still in freefall, urged and ADVISED people to buy in. Explaining that at around 4600 (and change, who can keep track - unless it's your JOB) Bitcoin had found it's bottom. The piece was marked as an Op-Ed , a disclaimer indicating that he is not a financial advisor - this was not to be construed as advice , and everything else that is verse and chorus in the "please don't sue or prosecute me" song. "Buy the dip." If you are still in H.O.D.L. , and bought the "dip," depending upon what amount you bought you have that much less wealth. If you set a stop loss, you have that much less wealth. Fool me again?? Once upon a time Journalism was an entirely different entity. Conducted with respect , integrity and FACTS. Last nights article brought me too a surety that is making my blood boil. I didn't buy the dip. I'm not drinking the Kool- Aid. I had to quit. WHY? We who make up the community of Tech enthusiasts and /or investors have been done a GREAT INJUSTICE for about a year now , perhaps longer. It's like Bernie Madoff squared. If an untrained, self taught observer like myself can see that the traditional weights and measures do not and can not apply to crypto , Journalists working under aid in this very esoteric sector most certainly should have come to the same conclusion before costing people their hard earned money day after day with their arbitrary analysis and predictions. My blood is boiling , why? The people of this world have been subject to the biggest scam , ponzi pump and dump scheme in the history of man!!! Biased journalism , naked price manipulation that can be SEEN if you watch an order book , perpetuation of f.o.m.o. , fomenting gambling addiction , lies about price direction , support levels, resistance points. Constant prodding with the baseless claims of imminent breakouts. The sickest part of this is that people are behind what is happening and they have grown very , very wealthy. Bernie Madoff wealthy. Not everyone is guilty , and I am quite sure that journalists who work for crypto new companies are under pressure to sell these stories. After all , an entity devoted to crypto news exclusively wouldn't thrive if they told the real truth. I suspect bribery in one or more forms , job pressure , and a herd mentality that tends to cause these writers to agree with each other. They probably just re-word another article half the time. I DO believe that a digital currency will thrive based upon it's technological merits and use cases, but that is a product of research and I am not going to do this community the disservice of mentioning which one. Nobody has been talking about the human toll. Disclaimers aside , there are a lot of dreamers in the world. During the Great depression , or as it ensued , people became so distraught that they were jumping from buildings often enough for it to be etched into human history. The stock market eventually put protections in place so those events would be less likely. THERE ARE NO PROTECTIONS IN THE CRYPTO MARKET. There are people so deep into this downward spiral they cannot make themselves cut their losses. Insanity is defined by repeating the same cause and effect actions again and again , expecting a different result. There is a human toll , taken by greedy fat cats and scam artists who have no qualms about killing peoples dreams , savings , retirement resources etc. I'm done. No more writing. I will not inadvertently cause any harm to this community. Mining for nothing, hash wars , halving etc. - there are digital transaction networks and their tokens that don't require mining, but like I did , you'll need to research that if you don't already know , and while that may be an advantage , I'm only sure about the fact that I am very , very unsure. Caveat Emptor. Best of luck and fortune to all of you.
BITSTAMP:BTCUSD
by Cryptocautious
Bitcoin will never fall below 5000$ and here is whyBitcoin had a little shakeout fueled by bad news and some people started calling for 0. This is very unrealistic there is no way Bitcoin could fall that much and it is mostly childish trolling or FUD. There are very solid reasons as to Bitcoin CANNOT go below $5000 and I will expose them in this idea. Here is why Bitcoin cannot fall below that crucial level: A convicted scam artist told me that if I gave him all my money over the internet he would grant me access to some numbers in a database without these pesky laws and "regulating authorities" interfering, and that would mean freedom to the people and make me rich as long as I did not sell and convinced more people to give money to him. He said not to listen to people calling this a scam and that it made no sense, as the way this works is very complicated and revolutionary, critics just do not get it. "This sounds very much like a ponzi" SILENCE! Amateur. You clearly have no understanding of the complex mecanisms at work. We lost this trendline line support like it did not exist: The week closed below so... Next line to watch: On the BLX chart I have a reversal area on 4666$ exactly using my own tools and TA. Here are some of the things pointing there.... Since Bitcoin is a ponzi with no value whatsoever and heavilly manipulated it is easy to know where it will bounce exactly. 4666$ (if it bounces). Hoping it does not bounce on 5000$ first because waiting is boring. Black Friday, get your Bitcoin -75%! BITCOOOOONNECT!
GEMINI:BTCUSDLong
by MrRenev
15
You need water to survive in the desert. A BTC bull is around )Cool so now I got like 5 fat dudes and 2-3 girls that think I am interested in them because I could not stop laughing and smiling. "They can never take my Bitcoin away from me and I will never sell the bears think I am sweating but I laff as I am still 500% above my entry price" * Knock Knock * "Who's here" "Hello sir it is the capital gain taxes" "The what?" REKT Anyway here is a bunch of charts without much explanation :p I will update this idea when I see signs of a bottom, I really do not expect a V shape recovery that just comes out of nowhere. Alot of people are actually going long on Bitcoin, as it keeps going down they are just going to have to vomit the whole thing and drop the price even more, lmao every one wants to pick bottoms and be a countertrend trader. They are very probably going to get destroyed. BLX all time BTC trendline: We dropped below it, might act as resistance now on a bounce: This is what I have with coinmarketcap, all supports and especially trendline: Altcoins seem to not be at their lowest (is it because of Tether?) These are my supports for crypto as a whole: There is now a big premium on Bitfinex, looks natural as usual. Shorts are going up, but longs also, "buying the dip" as usual. About the RSI Here you can see that the daily RSI on Bitcoin has NEVER been this low: Here are the prvious low records: And on the 4 hour chart: This is the record by far. If you want you can check on google this: some people have made experiments about this "oversold" thing, they found that if you consistently bought oversold (< 30) currencies/equities you would lose alot of money, but if you went short on oversold charts you would profit. And vice versa with overbought of course. As I have showned previously with my boredom indicator that looks at the distance between ema's (+ you can tell by just looking at the chart) the past sideways was the most boring BTC ever had. So it is no surprise that it exploded down. I already reminded every one that checked my previous crypto idea (not sure which one exactly) of the 2015 swiss franc 1.28% tsunami. Well here people got lucky and did not eat massive slippage, but it is playing with fire and you will get punished eventually: A last word. We are at 2018 highest point, we broke to new highs massively, this is the most impressive move of the year, and Bitcoin is about to begin a mega bull market: ;)
BITSTAMP:BTCUSDShort
by MrRenev
16
If you invested $30,000 in HMNY stock in 1997 you would now haveThe haters said HMNY would die in 2002 but then it went up several thousand percent, The haters said HMNY would die in 2004 but then it went up several thousand percent, The haters said HMNY would die in 2010 but then it went up several thousand percent, The haters said HMNY would die in 2015 but then it went up several thousand percent, The haters said HMNY would die in 2017 but then it went up several thousand percent, And in between these years each time the haters called for the death of moviepass the stock went up hundreds of percent. The bears are calling for the end but it is what they said last time, and last time, and last time. Oh, history will not be kind to them. The bears have kept pushing their narrative but... oh wait the stock is now under investigation finally nevermind .
HEducation
by MrRenev
5