Sanrith Descartes
Veteran of a thousand threadban wars
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Sanrith Descartes
Veteran of a thousand threadban wars
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I haven't done any TA doodling lately. I figure it's all a sideways channel until I see a break up or down, and don't feel confident that my level of TA skills will tell me which way that break will happen. heh
As for the pump, one video I saw today showed how apparently "someone" took out around $1B in BTC shorts on Bitfinex (something over 22,000 short contracts) and taken out in 24 hours. Which set a record.
Now, they also have to sell. those contracts. They opened these with BTC at a price around $34500. As they accumulated them all and afterwards there was something like a 17 hour cascade in downward price action. Then sometime around 9am on the 26th it managed down to around $30k. Since then it's been moving up, making people think that whoever did it is covering shorts and driving the price back up. Also the number of outstanding short contracts is dropping back down.
Please note times are in UTC
As for the pump, one video I saw today showed how apparently "someone" took out around $1B in BTC shorts on Bitfinex (something over 22,000 short contracts) and taken out in 24 hours. Which set a record.
Now, they also have to sell. those contracts. They opened these with BTC at a price around $34500. As they accumulated them all and afterwards there was something like a 17 hour cascade in downward price action. Then sometime around 9am on the 26th it managed down to around $30k. Since then it's been moving up, making people think that whoever did it is covering shorts and driving the price back up. Also the number of outstanding short contracts is dropping back down.
Please note times are in UTC
Break
Silver Baronet of the Realm
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Was a graduation party this weekend and was talking to someone who is pretty heavily invested in Crypto. My investment has been extremely casual, mostly just buying and holding on exchanges like a pleb. Anyway he was telling me he was invested in some crypto which I completely forgot the name of where instead of buying crypto outright he lends his money to the platform and is earning something like 0.1% return every day. Does anyone know what this platform or crypto currency is?
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James
Ahn'Qiraj Raider
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Awanka
Molten Core Raider
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James
Ahn'Qiraj Raider
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Update from a week after creation, managed to collect 0.1 ETH and 884.9 TRU. The high volume/low available liquidity day massively outperformed every other day.
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I added ~$650 to the TRU/ETH pool on uniswap last week. After six days, it shows a little over $60 in fees (I think it was 125 tru and .014 eth). I will likely add to the liquidity in the next week or do and see if it continues to grow.
Tmac
Adventurer
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,488
- 107,544
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,488
- 107,544
Tmac
Adventurer
- 9,370
- 15,913
Hahaha.
I don’t have to spend anymore infinity-dollars to do this.
Tmac
Adventurer
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Breh. Diversity is strength. Just because liberals ruined it, doesn’t mean it isn’t true for investments.
