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Facebook (Peak Centralization) vs Bitcoin (Decentralization)Here's a trade idea that might be interesting. Although I may also be late to the game as both assets have moved considerably the last week or so. Maybe wait for a better set-up, but the idea is short Facebook and long Bitcoin. What the heck? Who would do that? What's interesting about this trade is peak centralization and peak decentralization are head to head. Facebook connected the world, which was great. But along the way they harvested and stored a lot of data. They serve ads based on interests and browser history. You get the idea - they are famous for their centralized data. Meanwhile, Bitcoin is essentially the complete opposite. It's moving away from centralization. The focus is to decentralize. Complete freedom and privacy to do what you want. The chart above shows the formula BTCUSD/FB. Another fun tidbit about this story: the Winklevoss are arguably the ones who started Facebook. Later on, as the story goes, Zuck stole the idea and ran with it. They've settled their differences in court. Nonetheless, it adds an even more interesting development to this idea because now the Winklevoss are some of the biggest Bitcoin hodlers. Almost 15 years later, they might be having the last laught. So there you have it. An epic pair trade. Long Bitcoin and Short Facebook. It needs a good nickname. Feel free to comment. By the way, I would not naked short Facebook in this trade. I would wait for a better entry and aim to buy some put options maybe 30 to 60 days out. Long Bitcoin. And then continue adding to the options position if it keeps hitting. Another thing to keep in mind is that Facebook has been a very strong name. It also has a ton of cash on its balance sheet. So it would take a lot to move it any lower. Slow down in user growth or ad growth could do that. Let's see. Thanks for reading
BITSTAMP:BTCUSD
by scheplick
3
Time to gloat: as expected, big tech cracking down on the leftThe USA billionaires that pretend to be left wing by supporting a far right party that calls itself the left, are now - as was so obvious just so obvious and so certain to happen - banning droves of left wing activists and groups. I am gloating, not because I like seeing people get silenced, I am gloating because I love to say "told you so" and there is a second reason: I know this is the early phase of these internet giants dying. They won't go to zero tomorrow, we are only in the innovator or early adopter phase, but at some point the progress bar will fill up and this will be it. There are plenty of alternatives and I cannot tell yet which ones will be the ones (some might not even have been created yet): Rumble, DLive, Mastodon, Bitchute, Gab, Parler, Odysee, many more, mostly right wing alternatives for now. Here a few words from the International Committee of the Fourth International via their World Socialist Web Site: "On Friday, Facebook carried out a purge of left-wing, antiwar and progressive pages and accounts, including leading members of the Socialist Equality Party. Facebook gave no explanation why the accounts were disabled or even a public acknowledgement that the deletions had occurred." "Since the 2016 election, the US intelligence agencies have advocated internet censorship in the name of fighting “fake news.” While these actions have been presented as targeting far-right conspiracy theories, they have, in fact, disproportionately affected left-wing, antiwar and socialist organizations." They banned the Socialist Equality Party’s candidate for US Vice President and other key figures. Here is the full article: www.wsws.org Here is an article from the Socialist Workers Party, about Facebook banning their page: swp.org.uk Twitter is also banning plenty of anarchists, antiwar and other "unnacceptables". The mainstream media thinks they are useful idiots and are not really on their side so they won't cover the matter, the right-wing media well they don't care and think it's nothing compared to bans on right-wingers so won't cover it. They have no allies and if somehow average people hear of it and asks TWTR questions they'll say "oh ye these were clearly far right racists posing as left-wingers". Facebook banned known people, the socialist VP candidate, and the SWP page, so would be quite hard for them to call them undercover KKK members, although not impossible, "average" people are stupid enough to believe anything at that point. They are killing small businesses (since 2009 there are in the USA more people working for large companies than small ones for the first time), they want more power and money... But... More people that work for large business will mean the comeback of workers unions and socialism & fascism and everything. 🍿
NASDAQ:METAShort
by MrRenev
2
FACEBOOK - Is Coming Back!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: FACEBOOK is sitting around strong support in green so we will be looking for buy setups on lower timeframes. on H1: FACEBOOK is forming a trendline in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing. Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple) and of course, as price approaches our upper blue resistance, we will be looking for sell setups Until the buy is activated, this one would be overall bearish and can still test the lower green support or even break it downward. Good luck!
NASDAQ:METALong
by TheSignalyst
45