Bitcoins/Litecoins/Virtual Currencies

And crypto is pumping. Got to love fresh negotiation/walk back tweets in the morning. Might as well throw your TA books out the window and monitor twitter instead.

Dalren said:

And crypto is pumping. Got to love fresh negotiation/walk back tweets in the morning. Might as well throw your TA books out the window and monitor twitter instead.

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You might be sarcastic, but there is some element of truth in this. This has turned into a headline (tweet) driven market since Trump stepped into office.

The most insane market moves of the year have been on Trump tweets and press conferences.

Jysin said:

Jesus. That’s insane

No idea what I’m looking at for “leaderboard”, but if taken at face value, why the fuck are you margined to the tits if you have a $60m balance?

Again, assuming the person is real, how greedy can you get? You could literally have cashed out everything at $60m, threw it into the most boring ass long term US treasuries and lived off approx $3m USD per year for decades and never touched the original $60m investment.

I don’t get people.. or my financial aspirations are seemingly mundane.

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I mean, he still could've been a retarded crypto gambler and cashed out half of it. Hell, even $10m and played with another $50m.

Betting all of it at that point is just retarded.

My 2c, this big price movement had a lot more to do with financial plumbing issues than it did Trump/China. The day before this all popped off everyone was talking about Tricolor and/or some other auto lenders having billions disappear and banks were trying to claw back money that didn't exist. Then all of the sudden we have, an entirely unrelated, liquidity event. Same kind of crap happened before COVID and it got memory holed.

I'm not sure why everyone just forgot about this and assumed Trump tweeted this into existence. Shoot I think there were even some other related stories that I can't find right now. Thursday was a nasty financial news day and everyone forgot immediately.

No time right now, but I can dog up some headlines/articles on this later if needed. People dramatically over estimate how much power political stuff has over financial movements imo, money is moving well before the "trigger" event if you're paying attention.

It may be no more complicated than a bunch of bots have trained themselves on a pattern of "Trump tweets about tariffs = price drop" and sell because of it. You'd make good money just swing trading that if you could respond in seconds like bots can. And that pattern would reinforce itself each time.