Crypto thread

Nice to see Paul Tudor Jones talking about Bitcoin on CNBC this morning 

I dont get how the halving will have much of an impact. What moves prices higher is increased demand, not decreased supply on its own. The concept of miners needing higher prices to make a better profit equating to higher prices is nonsensical. I guess we will see but to me the damage to the price of BTC and all coins was the industry allowing the fox into the hen house...bringing futures and the financial markets into their business was a moronic move, nothing good can come from more players who can and will short to oblivion with unlimited bankroll.

Get 50% off a Ledger Nano S with the code WEARETHEBULLRUN 

@Ledger 

2 hrs until halving. Things looking pretty volatile. 

37 minutes until Bitcoin halving 

Only 1,460 days until the bitcoin halving 

My PUTS rise from the dead 

Risk-reward for stocks is 'maybe as bad as I've seen it,' Stanley Druckenmiller says

I agree with Stanley but I dont trust what he says...meaning he is running a business in this market so unless you know what he is invested in I dont know why he says what he does.

All of the big crypto transactions are currently bullish 

Examples 

*$14m transferred from Tether Treasury to unknow wallet — then transferred to Binance. 

*4,400 BTC transferred from Binance to unknown wallet 

*5,000 BTC transferred from Bitfinex to unknown wallet 

Etc 

When the big transactions are USDT going to an exchange and BTC leaving the exchange that’s bullish 

When the big transactions are alts or btc going to an exchange that’s bearish 

Bitcoin price at each halving 

2012: $12 

2016: $631 

2020: $8,508 

2024: ? 

Any guesses? 

Nice to see crypto decoupling from the traditional markets over the last two days. Hopefully that continues. 

Stocks rolling over, Bitcoin trying to moon. SPX double bear market rally top at the 62% retracement, rut roh. Fire up those stimulus checks and let’s take out $10k bitcoin.

S&P 2814

BTC 9600 

Lmao my PUTS were so dead and now they’re flying 

“Never give up” — Jimmy V 

Trump is going to burn the market to the ground if he tries to hold China accountable 

And I’ll be raking in the money 

5/6 sell orders got hit 

What are we shorting today? 

If PENN gets back above $17.50 

JPM above $85 

HD above $230 

TSLA above $800 

Morgan Stanley around $39 

Thats what I’m looking for

You see Detox!

It's possible that everyone gets rich! You are kind of a jerk, but I'm glad you made a comeback. 

I'm not a big fan of watching people suffer.

Friday May 15 will be one of the greatest days to open PUTS in American history 

Do not miss out 

Medium term puts all around 

HD @ $234.85

Penn @ $18.30 

JPM @ $87 

BAC @ $21.53 

JETS @ $12.10 

BTC going to blast through $10k or keep getting rejected? 

I dont know what the catalyst would be...gotta be some demand reason for it to go a ton higher. I have been watching the bid/ask on coinbase and BTC is being controlled by a bot/computer, you can see on the actual current bid/ask where the size is bubbling and no trades are going off. That is a way these bots try and dictate price movements.

If you look on other exchanges that isnt the case, coinbase has some bots and when they step away the spread widens and the price swings get crazy.

Yeah bots are everywhere in crypto. They control most of the alt orderbooks as well.