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If you own Crypto

sonics1993sonics1993 Member Posts: 1,460
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edited May 2022 in Tug Tavern
Start taking profit because a dump is incoming. Open interest is reaching all-time high on a lot of alts .Crazy unhealthy market right now and the end is so near. I Cant imagine that it will last more than a week Until collapse. And dump, will be epic and fast with such leverage dominance. My algo's got a dump date of September 20-23 so just a heads up.
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    sonics1993sonics1993 Member Posts: 1,460
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    Here's an example by the way of the ridiculous open interest on one of the Alts and a lot of alts looks like this so if shit managed to dump 50-70% in May in 12 hr candle you can imagine what will happen with 2x open interest.



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    doogiedoogie Member Posts: 15,072
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    What’s the best way to make money on the crash?
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    sonics1993sonics1993 Member Posts: 1,460
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    doogie said:

    What’s the best way to make money on the crash?

    Shorting Alt's on Margin trade is the most profitable. A 30% dump on BTC leads to a 70-80% dump in Alt's. Shorting whether it's BTC or Alt's or being in cash is what you want to do in these types of situations.
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,349
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    Swaye said:

    I understand nothing that is being said here. It would be so much easier to make money if I was smart.

    I'm too scared to dump a load of cash on Michigan.

    I feel like someone knows something and its a set up
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    HuskyJWHuskyJW Guest, Member Posts: 14,183
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    Swaye said:

    I understand nothing that is being said here. It would be so much easier to make money if I was smart.

    This

    Thread might as well be in Chinese
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    sonics1993sonics1993 Member Posts: 1,460
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    edited September 2021
    And just like that everything is down 10-20% across the board the morning. It was obvious it was coming so hope some of you took some profit along the way.
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    sonics1993sonics1993 Member Posts: 1,460
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    Swaye said:

    I understand nothing that is being said here. It would be so much easier to make money if I was smart.

    It took me a couple of years to learn all this and develop my own strategy. It takes time but anyone can do it.
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    greenbloodgreenblood Member Posts: 14,279
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    edited September 2021
    You can play that game and stress yourself out, or just buy more when it dips and know you’re in it for many more years. In the crypto world, this is another day of the week.
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    sonics1993sonics1993 Member Posts: 1,460
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    greenblood said:

    You can play that game and stress yourself out, or just buy more when it dips and know you’re in it for many more years. In the crypto world, this is another day of the week.

    To each his own. Me closing all my positions and sitting in cash saved 15% of my portfolio. I'm not putting any more money into crypto and already took out my initial investment so it's all risk-free trading. I trade and make more BTC and take profit along the way to my bank account every six months.
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    ntxduckntxduck Member Posts: 5,515
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    Great fucking call
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    UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 14,251
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    sonics1993 said:

    doogie said:

    What’s the best way to make money on the crash?

    Shorting Alt's on Margin trade is the most profitable. A 30% dump on BTC leads to a 70-80% dump in Alt's. Shorting whether it's BTC or Alt's or being in cash is what you want to do in these types of situations.
    or stablecoins.
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    SwayeSwaye Moderator, Swaye's Wigwam Posts: 41,064
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    UW_Doog_Bot said:

    sonics1993 said:

    doogie said:

    What’s the best way to make money on the crash?

    Shorting Alt's on Margin trade is the most profitable. A 30% dump on BTC leads to a 70-80% dump in Alt's. Shorting whether it's BTC or Alt's or being in cash is what you want to do in these types of situations.
    or stablecoins.
    Did you just make this up?
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    UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 14,251
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    Swaye's Wigwam
    Swaye said:

    UW_Doog_Bot said:

    sonics1993 said:

    doogie said:

    What’s the best way to make money on the crash?

    Shorting Alt's on Margin trade is the most profitable. A 30% dump on BTC leads to a 70-80% dump in Alt's. Shorting whether it's BTC or Alt's or being in cash is what you want to do in these types of situations.
    or stablecoins.
    Did you just make this up?

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    sonics1993sonics1993 Member Posts: 1,460
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    ntxduck said:

    Great fucking call

    Someone's going to have to pay Jimmy's contract.
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    TheRoarOfTheCrowdTheRoarOfTheCrowd Member, Swaye's Wigwam Posts: 1,574
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    edited September 2021
    sonics1993 said:

    ntxduck said:

    Great fucking call

    Someone's going to have to pay Jimmy's contract.
    well that wud be UW this time; I doubt alums will want to touch this shit and will want the athletic department to acknowledge the disfunction fully by eating the loss. How else will anyone get the attention of the Board of Regents is the real point I think.

    I could see people being willing to help on the buy side as long as it is a coach they believe in. just my guess, but I would imagine that is how it will come down as long as Jen is the continuing AD
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    sonics1993sonics1993 Member Posts: 1,460
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    DawgsCanDance said:

    sonics1993 said:

    ntxduck said:

    Great fucking call

    Someone's going to have to pay Jimmy's contract.
    well that wud be UW this time; I doubt alums will want to touch this shit and will want the athletic department to acknowledge the disfunction fully by eating the loss. How else will anyone get the attention of the Board of Regents is the real point I think.

    I could see people being willing to help on the buy side as long as it is a coach they believe in. just my guess, but I would imagine that is how it will come down as long as Jen is the continuing AD
    True. I would consider donating for a high-priced coach but when it comes to Jimmy's buyout, I'm not doing it and I know a couple of other big donors who feel the same way.
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