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10643581 No.10643581 [Reply] [Original]

Let me explain to you what happened.

1) Whale leveraged the SEC ETF decision delay to dump and drive the price down

2) People get scared and this causes a chain reaction

3) Whales buy at the bottom, which triggers an upswing. "muh day traders" get fucked or suffer anxiety attacks, holders come out neutral, and whales win (just live in every economy)

4) TIME-WISE, WE ARE HERE

5) We see recovery to maybe 7k or so.

6) ETF announcement by SEC gets delayed, AGAIN. This is obvious to anyone who actually follows the news, but the whales will ONCE AGAIN use this as an opportunity to take a massive dump.

7) This is when we see 5k, possibly below 5k.

8) November. BAKKT is released. Crypto skyrockets.

Right now you have 3 choices:

1) sell and leave crypto, and be like the guy who sold all his bitcoin for 12 dollars and be bitter the rest of your life

2) Try to day trade and short and long like a fucking idiot and be at the mercy of whales and unpredictability the world has never seen before. Quick investment lesson: options trading is for traditional investments because they AREN'T volatile ENOUGH. You're supposed to be adding risk to non risky investments, not add risky to the riskiest, most insane investments. I have a theory that a lot of the shorter/long idiots here are paid shills by these new crypto leveraging companies... You'd have to be a fucking idiot to play options in crypto.

3) Hold and win.

BONUS) crypto actually goes to hero and we all kill ourselves.

THE CHOICE IS YOURS.

>> No.10643590

we see 4.8k$ next week

>> No.10643596

>>10643581
No one was crying manipulation when we're going up. Suck it fag.

>> No.10643600

>>10643581
Only 7k? Lets try 10k

>> No.10643606

so sell at 7k and buy at 5k? fasho OP thanks

>> No.10643621
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10643621

>>10643581

>> No.10643623

>>10643596
constant non stop bitching about tether pumps

>> No.10643627

I don't know what an option even is. Is that what I'm trading on Bitmex

>> No.10643628

OP still has hope. Looks like the crash is going to continue.

>> No.10643630

>>10643596
going up? when? We haven't gone up since January.

>>10643606
sure

>> No.10643634

Let me explain what happened.

...

Positive thoughts.


It's the whales manipulating the market.


We will be alright fellow redditors! Crypto is the future. 1 bitcoin is worth millions.

>> No.10643773

>>10643634
Kek

>> No.10643782

>>10643634
Yes, BAKKT is just positive thoughts. Bitcoin will go to zero when wall street decides to get in. That's how it works you know.

>> No.10643789

>>10643627
The "Option" I think this person if referring to are the Upside and Downside profit contracts available on Bitmex, which are similar to Options, in which you pay a premium for a contract with a given price level that settlement price, by a given date, must be either above (if you bought an Upside contract) or below (if you bought a Downside contract), in order for you to make any money.

You most likely trade either the Futures or Perpetual contracts on Bitmex. Like in traditional markets, these are better than Options, when making directional trades. Options are better for strategies which profit low or high volatility, with no concern of direction.

>> No.10643794

>>10643782
wall street has been in. they sold your stupid ass their bags at 20K

>> No.10643864

The road to 20k and barts on the way down are market manipulation. The bleedout is just Bitcoin returning to its actual value.

>> No.10643928

>>10643794
lol. you clearly don't know anything about wall street.

They didn't get in because they have the experience to know where it was going, bubble was not controlled by wallstreet.

But it will be with BAKKT and constant MSM fudding we see now.

>> No.10643936

OP is not a faggot.

>> No.10644031

>Coin will go to (insert random number) before going back to (insert random number) before settling at (insert random number).

>> No.10644337

>>10643596
False. Everyone was calling out those sudden jumps.

>> No.10645075

BAKKT.