Get started

Ponzi

Fundamental Analysis: It worksHey, hey, hey! Wassup wassup wassup? Bitcoinnect!!! You'll be happy to know the $50 I left on my Bitmex account when I defenitively quit crypto are doing very well. Went short 130 bucks saturday morning at the price of $10090, and that went rather well :D So as long as this little money survives I'll still look a little bit and make calls and you'll still hear from me. So as you can see, fundamental, in this case we can maybe call it news, analysis works! Coupled with TA in the form of that descending triangle, it worked like a charm. As an individual, being a firm by yourself, knowing 1 market inside out has its rewards, but it is also pretty risky. 1 way to do it I could suggest if you want to go this way would be: - Have 1 to 3 markets that are your specialty (the more you have the less info you'll have on 1). If you trade very short term probably 1 is max, higher TF 3 is ok you just go for the big moves maybe. - Have 1-2 strategies you are really good at, and a handful of other markets you don't know great, but well enough to trade if your mains are being slow for a while. Example: When BTC was flat in August-November 2018 you likely could not have traded it great. Looking somewhere else would be interesting. Back to BTC. In December 2017, people that knew a little about future predicted that CME launch would mark the top for Bitcoin. This is going to be the top for a couple of years at least, maybe forever... I wonder if the BTC decimated investor community are going to get mad at "wall street" for "killing" Bitcoin with futures? The first futures in history date back from babylon 1750 BC, they were some kind of agriculture future. I'm just going to copy it from wikipedia: Futures are known for "crashing markets" because producers, when futures become available, use them to sell their products early on at a guarenteed price. I speculate that the price crash is often violent because once futures open alot of producers are going to be interested but there won't be much speculators to absorb their orders. Or it could just be that the market becomes more efficient and the price finds its more right spot. In a futures market you need hedgers (producers or even buyers such as the company making corn flakes being corn buyers) and speculators. Afaik no futures market has ever worked without the 2 being present. So we can see that it is likely that what happened with CME futures is that all these miners (you must have heard the stories) "I sold my house to buy Bitcoin mining equipement" vastly reduced their risk (their risk of not getting their equipement money back) by purchasing selling contracts, basically "I will sell 5 Bitcoins in the future at a price of $19000", as long as they'll mine those 5 BTC, they have nothing to worry about, they will be able to sell them at that price. For the other large futures company, the ICE, and their overhyped Bakkt futures, the logic is different. Here, people were excited and prepared to see large institutions start buying massive amounts of BTC (don't ask me why they thought this would happen). And day 1 went like this: 65 BTC were traded in total. Day 2: 163 BTC traded. And of course, no institutions are interested. Once again. But some people thought they would suddenly change their minds and bought BTC in anticipation for this. So here, today we learned something important.
BITSTAMP:BTCUSDEducation
by MrRenev
6
Bitcoin: The end of an EraNot many are able to think long term and realize this, but the cryptocurrency markets have already topped. With summer ending soon, the next 50% price cut might be only a few weeks away. Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme. Now, I have no skin in the game. This means no conflit of interest. I may have been biased in the past (such as when my winning short at 4k was a loser because of Bitmex funding and I posted short ideas even thought I knew - and said it - the price would go up and formed what I called in 2018 a 6 month to 1 year bull market within a larger secular bear market). A few weeks only after US president and several congressmen and white house members publicly announced they have no love for Bitcoin and crypto, as well as French finance politicians (including the president of the G8), Europe central bank, and a few months after the NYAG started fighting the Tether scam, and a congressman (rep. Sherman), and we learned that North Korea used crypto to finance nuclear weapons, catch your breath :p, the white house has published 2 advisories where they explain that Bitcoin has been massively used to buy foreign drugs "precursor chemicals or completely synthesized narcotics primarily sourced from China", China with which they are at war with (trade & political war). The white house is officially asking financial institutions (the advisories were sent to several financial institutions and digital payments companies) to collect crypto data. But it does not end here. Even if criminals do not rush to panic sell before companies involved in crypto start watching them very closely, the price of Bitcoin is not safe yet. Steven Mnuchin, of the U.S Department of Treasury, stated that the authority could ultimately prevent Bitcoin from becoming an “equivalent of Swiss-numbered bank accounts.”. In layman terms this means Bitcoin dies. Sources: Start here www.whitehouse.gov Also, media/search engines. Bitcoin now only thing left going: The ever so praised mighty "halving". I believe it very possible that the price of Bitcoin remains above $3000 until this halving that every one is waiting for. And after this, BTC is done for. On top of that let's not forget that japan casinos are opening in mid 2020. And maybe more to come (online casinos?). Japan represents 20% of the world financial wealth/investing power (while the USA have 25% and europe 30%). Let me remind you how 2017 raging bull market started: It works both ways! Also, more generally, the entirety of BTC existance happened during a massive economical bull market. And now the world stock markets are at levels unseen since 1929. Income inequality is even greater than 1920s 1930s. Socialism is on the rise. Extreme right too. Bonds rates in the world are negative for the first time in history. We are heading towards a great depression. People DO NOT speculate on crazy 50% a day move markets in these times. Especially the rich - which concentrate 90% of the world wealth - they got rich by being careful and "cheap". It is hilarous to me that "crypto believers" that know the rich for being the most cheap people on the planet, also believe they will suddenly go wild and buy cryptos. I would also like to bring your attention to those charts (wall street cheat sheet on 2 timeframes - this is also how 2014 & 2018 behaved): The sentiment at the top of this 2019 bubble was the exact same as the 2013 top one, and the same as the 2017 one. Most big crypto advocates are blatant sociopaths. They have a history of lying and only caring about themselves. Every one knows about it. And yet, BTC investors all drunk the Kool-Aid. Because they were promised immense riches and greed took over. There are 2 kinds of people: - Lottery ticket enthusiasts that fantacize about how much they could make and what they would buy with that money. - Those that can take a step back and look objectively at the facts and the charts, and respect the views of experts with decades of experience and great track records. Just watch how every one is absolutely convinced without the shadow of a doubt the worse is behind them, and how wrong time will prove they were. Can BTC go back to 14k? Yes. But in the next 2 to 3 years will BTC be priced in the thousands or even more? NO. Don't be a fool. The end of BTC is close.
BITSTAMP:BTCUSDEducation
by MrRenev
471
A Decentralized Ponzi Scheme “Smart” Ponzi schemes. The spread of smart contracts, i.e., computer programs whose correct execution is automatically enforced without relying on a trusted authority, creates new opportunities for fraudsters. Indeed, implementing Ponzi schemes as smart contracts would have several attractive features: 1. The initiator of a Ponzi scheme could stay anonymous, since creating the contract and withdrawing money from it do not require to reveal her identity; 2. Since smart contracts are “unmodifiable” and “unstoppable”, no central authority (in particular, no court of law) would be able to terminate the execution of the scheme, or revert its effects in order to refund the victims. This is particularly true for smart contracts running on permissionless blockchains, which are controlled by a peer-to-peer network of nodes. 3. Investors may gain a false sense of trustworthiness from the fact that the code of smart contracts is public and immutable, and their execution is automatically enforced. This may lead investors to believe that the owner cannot take advantage of their money, that the scheme would run forever, and that they have a fair probability of gaining the declared interests. All these features are made possible by a combination of factors, among which the growth of platforms for smart contracts , which advertise anonymity and contract persistence as main selling points, and the fact that these technologies are very recent, and still live in a grey area of legal systems . This is a list of 184 known ponzi schemes based on Ethereum blockchain . Others less recognizable . For instance, they could mix multi-level marketing, token sales, and games, to realize complex smart contracts, which would be very hard to correctly classify as Ponzi schemes or legit investments imgur.com Check out my twitter for more info about my trades : twitter.com And trade with me or counter trade me here because it's better then bitmex and have no overloads and have USD as collateral (Alameda CEO) ftx.com/#a=1289183 - FTX Or here if you want to trade $SPX $GOLD and $BTC at the same palce with btc as collateral and participate in paper trading competitions with 25k$ prizes with no special requirments or deposits : t.co
BITSTAMP:ETHUSDShort
by WagsCapital
2
Could it be now that we see this ponzi scheme collapse?Beyond Meat, Net Income... Q2 2019: -$9.4 million Q1 2019: -$6.6 million Q4 2018: -$7.4 million Q3 2018: -$9.3 million Q2 2018: -$7.4 million Q1 2018: -$5.7 million Q4 2017: -$7.0 million Hu Hu Hu. Beyond meat market capitalization (14B) places it above 30% of S&P500 companies. Not overvalued at all. Scaaaaam. What idiots bought? Robinbros? Beyond Ponzi just announced a secondary share offering of 3.45 million shares. I wonder what could go wrong? The GoPro experience (another CNBC favorite): Reminds me of ripple also (aaaand another CNBC favorite), with founders (also early adopters still up 10,000% with the price down more than 90% from ath) just dumping since their ponzi made them billionaires. I am eager to see the clowns that joyfully and aggressively bought get slapped in the face and learn a harsh lesson about reality.
NASDAQ:BYNDShort
by MrRenev
7
There are still people buying this ponzi scheme :oI thought every one figured out this was a blatant ponzi scheme. Insiders did make up fake partnerships. Insiders (cost basis of zero btw) did keep selling in plain sight. Incredible... They sure don't call it "dumb money" for nothing. From 3.50 to 0.0005 LOL! This will be hilarous. Probably bounces on the way down, but ultimate fate is ZERO. I see a big buy with no stop loss at sub 1 cent. Stop loss is zero, target is *10 or more. At minimum *5. When I say big I don't mean the position size but how I view the trade, as a "big one". No point having a stop loss, might as well hold bags. Risking 1 to make 10. No point trying to risk 0.5. This is how I see it. The lower it goes, as long as it does not go straight to zero, the harder it will bounce and go to 1 cent or more at least (even if it falls another 50%). If this scam gets banned by then or exit scams all at once the trade is invalidated. I have no interest in the 10 cents and 5 cents supports. Staying away.
POLONIEX:XRPUSD
by MrRenev
43
Insiders dumping in after hours, ahead of earningsNiiice. How is this legal? Not like it is a surprise or anything, but this is not fair to dumb money. Not like it would make a difference dumb money would ignore it anyway... But, still, it seems like something that should not be legal... From 250$ that was a good start to sell as I said, but perfect entry short would be 275$. I am focussing on other things than stocks, I don't think I will participate in it, unless we get there in a few months then I will probably join the fun. This is like any other scam. Distribution, dump, sucker rally to 50% retrace (or more, usually 50 to 78.6%), then road to zero. Would be cool if Tesla made an ABC and this dump was B wave. When entire stock market crashes Tesla won't survive. Executives at TSLA are all running away from the company also... Thing is really collapsing (regardless of price of shares). There are ALOT of suckers buying thought, these days every one can buy easilly and cheap, especially with Robinhood... Biggest bubble of all time. There are enough amateurs to save the price for a while (and give me time and a good entry) but it won't go to infinity, and once the stock market falls it is all over. People use options for this. That just want to be right. Or short with a stop at what like 400$? Going to try pinpointing the top if I do this but I will not bother if we get there in less than 2-3 months. I think I am better off focussing on only 1 ponzi at a time, when I am done with BTC I will go to Tesla. And then back. Idk yet. All I know is I had to withdraw again and made no money for 2 months I expect not to make any for 1 other month, so I will focus on the stuff I know works. Then I can gamble on stocks. Not stupid enough to blindly short something because I know it will go down in the future I just do not know when. If I was a dumb clueless sucker that gets 1 idea every ten years I would "this is the opportunity of a lifetime". But what is the opportunity of a lifetime to average people is something I get once a week. (Once a week in the February to early June and mid september to mid december periods).
NASDAQ:TSLAShort
by MrRenev
2
74% Backed | 26% PonziBitfinex = Tether = USDT (same company) It was 74% when they had 2.9 billion tethers. It’s probably even less now. ag.ny.gov Ask yourself ... Who is buying bitcoin? Why was there more interest in Bitcoin in 2017 than in 2019? Why did the price go up after imaginary tethers were printed? Why did Bitfinex enable 100x leverage? Why are they missing $850,000,000? Why has there not been an audit for Tether yet? And if this is news to you; why have you not googled any of this yet?
CRYPTOCAP:USDT.D
by UnknownUnicorn2290579
8
Beware the biggest bubble of all times! Part 2Ray Dalio made a post about how and why he thinks we are going towards a paradigm shift. What I know is this bubble is going to violently collapse and it will be biblical. Jeff Besos is already planning his way off this planet. What I heard is every rich person was planning how he will manage his bunker, security guards etc, OR ways off the planet. The end of the world is coming. This stupid over-consumption uber inflation money printing bubble is going to explode into a giant nuclear firework. I don't know when it is coming but people are preparing, and it now appears imminent. Not something that will happen in "a long time" but in our lifetimes, in the next 5 years even. So for this occasion I am making my regular end of the world post. You got such clear signs that we are at the peak: Cryptocurrencies... IPOs go up 750% in 3 days... (All going to zero <3) There is talk around gold but isn't the price at historical highs even inflation adjusted? I do not know enough about it to comment and I am not interested in researching it. The madness is not ending. Good, the more they push the bubble the faster the end will come. Make it explode! In the past century the economy/world has had a paradigm shift, and of course no one notices it, if things have been a certain way their whole life they view it as "normal". Totally unable to think outside of the box or get in other people shoes, totally unable to understand how anything came to be... "A great point makes is that paradigms -- by definition -- are things that have gone on for long enough that people think they will never end. He touches on examples like debt driving asset prices higher and low volatility leading to high volatility." End the FED make something new and also a new US currency and a new world currency (I guess the world currency can be gold, better than a country currency btw the USD became the world standard because the US scammed every one the only reason it was it was because it was pegged to gold before they removed that, litteral scam, ye the world won't fall for the same trick a second time right?) The debt cycle system/paradigm I think could work but gee they pushed it so much. Just greedy idiots. They start a scam that cannot last forever, just their whole lives, who cares what happens next. All reported once I get out of the simulation. Reeeeport! Same with energy consumption etc. Human nature: obsessed with reproduction like rabbits, 0 care for the future only short sighted. Perfectly logical. Every one for themselves when this Titanic sinks. The transition won't be nice and smooth. I will be very stupid with absolutely nothing been thinken off, nothing prepared, as usual. Also some political unrest wars / civil wars etc. I really hope it happens soon so we can be done with it. I hate suspense. The faster a change is made the smoother the transition will be. So that means less fireworks. I do not have a personal home on the moon or mars so I would rather avoid big fireworks :( Otherwise would enjoy it. This is the log chart by the way: BOOM!
FRED:CPIAUCSLShort
by MrRenev
10