Bitcoin Price Thread

I had to bring a bucket near my desk while reviewing monthly charts. Everything looks so bad, i might have as well puked.

Crypto is beyond fucked at this point. You can hope and pray the Tether and Bitfinex fraud do some more manipulation and pump it back to -wherever- before inevitably this scheme collapses.

$40K - $30K is next target
 
Your only hope here is that charts look so bad that traders are shorting bigly (negative/neutral funding rates are implying so also), and the Tether fraud will accumulate those shorts and pump the market back higher.

The fact that Bitcoin is so fucked at this point is your only savior at this point, coupled with the Tether fraud.

So might be getting a hail mary of a hail mary of a hail mary; an exit pump of an exit pump of an exit pump.

So many opportunities to offload yet you will continue to hold your bags of digital nothing.
 
johnarb said:
Rumor that Jump trading is getting out of the crypto market-making business

More...

The rats are leaving the ship.

They are selling so they will be able to pay the fines to the government and not spend a lifetime in jail.

This is just how government does business. And it's ingenious. They let the criminals and fraudsters run free to scam and rob as many people as possible. Then they impose the fines or seize the money.

Jump Trading was one of the big players in both Luna/UST and Bitcoin/Tether ponzi scheme.

It's just the same thing over and over again but people never learn. "This time is different!"
 
Jump Trading has a bad track-record, not just in crypto, but also in basic decision making. Even when they get first-hand insider knowledge, they still manage to fuck the trade right up.

The best was when they were able to get first-insight on who was going to win the Trump/Killary elections. They felt so confident markets would crash and the new depression would hit if villanized Trump won.

Instead, the markets went on a roar and Jump Trading almost went bust in hours due to their speedy-shorts.
 
The_Krakenite said:
Jump Trading has a bad track-record, not just in crypto, but also in basic decision making. Even when they get first-hand insider knowledge, they still manage to fuck the trade right up.

The best was when they were able to get first-insight on who was going to win the Trump/Killary elections. They felt so confident markets would crash and the new depression would hit if villanized Trump won.

Instead, the markets went on a roar and Jump Trading almost went bust in hours due to their speedy-shorts.
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Where did you hear/read this?
 
The_Krakenite said:
Jump Trading has a bad track-record, not just in crypto, but also in basic decision making. Even when they get first-hand insider knowledge, they still manage to fuck the trade right up.

The best was when they were able to get first-insight on who was going to win the Trump/Killary elections. They felt so confident markets would crash and the new depression would hit if villanized Trump won.

Instead, the markets went on a roar and Jump Trading almost went bust in hours due to their speedy-shorts.
More...

Crypto is the last resort for everyone. If you can't make it in real world, you go to crypto. According to Saylor, Microstrategy would have failed if it weren't for crypto.

Jump Trading might have blown up in trading so they resorted to pump and dumping shitcoins and ponzi schemes (LUNA/UST and also CRYPTO/USDT)
 
Pekelo said:
Hedge my ass. Crypto went down with the market, as expected.
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Appears to be some correlation with gold stocks,, in this view GDX in red.
^BTCUSD_Barchart_Interactive_Chart_08_05_2024.png
 
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