IT BEGINS !!

Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.

  1. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    I knew that wouldn't take long.
     
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  2. leo25

    leo25 Well-Known Member Silver Stacker

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    Sweet, ill put a pre-order for the Aston Martin Valkyrie.
     
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  3. inmizu

    inmizu Active Member

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    I like Silver 260's call: 'I expect BTC to keep grinding upwards, but parabolic?, not IMHO.'

    And welcome, mongrelmaple

    And just to put my head on the block: we are creeping from all-past-influences-that-drove-crypto-adoption to Global-Krazee-Krazee-mainly-drives-adoption.
     
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  4. STKR

    STKR Well-Known Member Silver Stacker

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  5. inmizu

    inmizu Active Member

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    Did someone mention Krazee Krazee?

    'The new package takes Japan’s total spending to combat the virus fallout to 234 trillion yen ($2.18 trillion) . . . '
    https://www.nytimes.com/reuters/202...euters-health-coronavirus-japan-stimulus.html

    There's just no doubt, campers, that we're numb to the numbers.

    And there is a recurring problem with the reports: they often don't include time-frames. But both Japan's 2.18T and the U.S.'s 2.3 are in response to the virus, so that's a time-frame.

    Go, deflationary coin!!
     
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  6. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Most of the Sheeple don't see beyond their weekly / fortnightly wages. So, yes, we see nothing.
     
  7. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Thanks wrcmad. Crypto has performed amazingly well in May, as anticipated.

    Don't say I never help you guys....
    I've just taken a major short position on the SPX.

    resistance.png
     
  8. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Very similar chart in XJO, and Silver. Waves 1 and 2 of a 5 wave pattern.Waiting for Tuesday to buy bulk XJO puts. Waiting to buy silver once its in mid single digits- maybe year end or early next year.
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’m not sure what help you’ve offered. Most of the ones I know who read the crypto sections of this forum have probably been in it longer than you.
     
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  10. heartastack

    heartastack Well-Known Member Silver Stacker

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    What makes these charts significantly different?


    60A9231D-E763-4C3E-BA98-62AC5206E95F.jpeg
     
  11. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    Oof. Gapped higher. Where is your stop?

    upload_2020-6-8_11-51-38.png
     
  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    just saw on Kitco that there is an historical record of open index shorts. If there is a short squeeze then we’re going to see a hell of a pop soon.
     
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Can you explain in more detail what you mean by this?
     
  14. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Historical record of open index shorts = A lot of people are betting that the market will go DOWN and are "short" the market

    Short squeeze = When the market goes up instead, a lot of those people betting the market will go down with leverage get "squeezed" as they get margin called by their lenders

    Hell of a pop = The margin calls force the short sellers to buy back their positions at a loss and the forced buying drives the market sharply higher
     
  15. heartastack

    heartastack Well-Known Member Silver Stacker

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    Trading like equities
     
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  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    rightagain.jpg
    .
    .
    :p
     
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  17. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Great call :). Credit where credits due.

    Still skeptical on BTC though, as @heartastack said....
     
  18. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Shhh, don’t upset them too much. ;)
    (especially BullionBaron, he gets very antsy)

    Stockmarket has a looong way to go down yet.
     
    Last edited: Jun 11, 2020
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’m still trying to work out what this “great call” was.
     
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  20. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Your implying that a major correction was inevitable, based upon the underlying fundamentals?

    That is my view completely.

    But it's a little flukey that he "appears" to have gotten the timing almost perfect. I was honestly expecting this to trend up a little longer. But with that said, I've been a little too busy to pay attention to the financial developments of late. Maybe I've missed something.
     
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