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If you own Crypto

sonics1993
sonics1993 Member Posts: 1,460
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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Comments

  • sonics1993
    sonics1993 Member Posts: 1,460
    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.



  • doogie
    doogie Member Posts: 15,072
    What’s the best way to make money on the crash?
  • sonics1993
    sonics1993 Member Posts: 1,460
    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.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,777 Founders Club
    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
  • HuskyJW
    HuskyJW Member Posts: 15,268
    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
  • sonics1993
    sonics1993 Member Posts: 1,460
    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.
  • sonics1993
    sonics1993 Member Posts: 1,460
    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.
  • greenblood
    greenblood Member Posts: 14,559
    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.
  • sonics1993
    sonics1993 Member Posts: 1,460

    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.
  • ntxduck
    ntxduck Member Posts: 6,121
    Great fucking call
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,053 Founders Club

    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.
  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,739 Founders Club

    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?
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,053 Founders Club
    Swaye 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?

  • sonics1993
    sonics1993 Member Posts: 1,460
    ntxduck said:

    Great fucking call

    Someone's going to have to pay Jimmy's contract.
  • DawgOfTheAges
    DawgOfTheAges Member, Swaye's Wigwam Posts: 1,747 Founders Club
    edited September 2021

    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
  • sonics1993
    sonics1993 Member Posts: 1,460

    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.
  • sonics1993
    sonics1993 Member Posts: 1,460
    My indicators are telling me the bottom is in while my gut says more downside but I got to trust my system. Looking to buy my positions back around 45.1-45.3k.

  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    edited September 2021
    Swaye said:

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

    Just work at orkin and play the race card if you don't get promoted I'm hearing is the move

    And then when you do claim it was unfair and you need another jump up

    For reparations
  • greenblood
    greenblood Member Posts: 14,559
    edited September 2021

    My indicators are telling me the bottom is in while my gut says more downside but I got to trust my system. Looking to buy my positions back around 45.1-45.3k.

    I remember in the last bull run, crypto had multiple days of 15-20% dips for it to only recover within 2-3 days. That’s why I usually just buy big in these dips and hold. You make more timing it, but it’s just too much for me to get a handle on. That’s why I just make sure to buy on down dads and hold on good days. But you do you need to choose your alts carefully. Not all alts are created equal.
  • sonics1993
    sonics1993 Member Posts: 1,460

    My indicators are telling me the bottom is in while my gut says more downside but I got to trust my system. Looking to buy my positions back around 45.1-45.3k.

    I remember in the last bull run, crypto had multiple days of 15-20% dips for it to only recover within 2-3 days. That’s why I usually just buy big in these dips and hold. You make more timing it, but it’s just too much for me to get a handle on. That’s why I just make sure to buy on down dads and hold on good days. But you do you need to choose your alts carefully. Not all alts are created equal.
    Well, we ain't in a bull market, this dump was just a preview. The real dump is coming at the end of the month.
  • Sources
    Sources Member, Swaye's Wigwam Posts: 4,332 Founders Club
    I'm hearing bitcoin can't even beat Montana
  • greenblood
    greenblood Member Posts: 14,559
    Sources said:

    I'm hearing bitcoin can't even beat Montana

    But it almost beat Montana
  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    ADA and SOL are to big to fail were the last words that I heard him say.
  • dirtysouwfdawg
    dirtysouwfdawg Member Posts: 14,086

    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.
    @Swaye see, just as you’ve learned to be a great husband and dad you can also figure out the crypto… oh, wait.
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,325 Founders Club

    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.
    @Swaye see, just as you’ve learned to be a great husband and dad you can also figure out the crypto… oh, wait.
    https://www.youtube.com/watch?v=SQbv_ei1fQ8