The way the entire alt market follows a few Bitcoin whales like a ferret on a leash just goes to show how little substance there is to it.

The article is a capitulation flag, suggesting a bottoming of the market.  Obviously one article isn’t enough but it’s a start.

Hmmm talk on Twitter of a monster hidden buy wall on BFX @ $6300.  

I hope y’all are wearing a belt.  Maybe do it up a notch tighter just in case.


Edit:   I can see what looks to be a floor forming @ $6311.  This could be a whale call for an explosive short squeeze. I would target $6700.   

Scott Nations of CNBC teaches us how to short.  

As I write this the price is $6312.

Good for you.  How much did you lose on your other bags?  Actually, don't answer that.

Edit:  Glad you are enjoying your ADT

I am inclined to believe that the menace is genuine mental illness. Crypto attracts more than its fair share.

Roach isn’t mentally ill.  He just wants blame his own failings on an external agency.

Tick tick tick tick

They might be saying it but they aren’t acting on it. 

BFX Short v Long Ratio not at record short levels but very close.  We haven’t been this short since the April rally.

That size crowd is dumb money.  Short squeeze it is. 

Fuck em. History will show we broke Bitmain with UASF.  And we can do it again.  

We should all fire up our full nodes as a show of force.

It is bad because anyone with half a brain now knows that Bitmain holds one million Bcash lol that it cannot sell.  This is a massive stock overhang.

https://moneyweek.com/glossary/stock-overhang/


In other news:

I can promise you Bitmain is shitting themselves right now.  

If they had a choice, they never would have let Bcash lol break the 0.1 peg with Bitcoin.  Instead Bcash lol’s credibility is in tatters.

This is not how you dispose of your bags.

Ooh ooh Tether FUD Tether FUD Tether FUD

Did you guys short the bottom again ?

Someone else’s goose is cooked.  Bitmain has received $US450 million in funding from investors including Sequoia, GIC, and IDG Capital.

Oh man the fireworks have stopped.  At least for the minute.  Back to the salt mines. All of you.

Saudi government to take Tesla private.  Does anyone want to guess at their motivations ?

https://www.tesla.com/blog/update-taking-tesla-private?redirect=no