Bitcoin fuckery

edgy

Have you seen /biz/bros in action tho? They're basically Zig Forums trying it's hand at finance

crypto day trader here. Surprised to see this on Zig Forums. I haven't visited /biz/ in awhile.
I used to be a crypto bull. But recently I switched to being a crypto bear.

I see bitcoin going down further. Any bitcoin that you buy now, you should prepare to flip later the same day as necessary. If you sleep while hodling bitcoin, you can get BTFO'd by bear whales looking to dump their coins.

My professional advice using technical analysis (you are free to donate bitcoin to me if you find this useful) is to buy bitcoin now because it's likely to go up from here a bit (note: the trend can always reverse in an instance if a bear whale decides to take profit. Technical analysis is not about fortune telling. It's a scientific method for using the past to predict the future.)

But be prepared to sell your bitcoin when there is a trend reversal though (short-term upward bullish trend turns to a downward bearish trend). If you are going to bed soon, put up a stop-limit order to take profit before bitcoin goes down a certain point.

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Quick give me your analysis on Ethereum. I want to get in.

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Mining on it is about to become shitloads less profitable, so prepare for price drops in the near future.

NOOOOOOO
Ah well I guess I'll stick to stocks.

short-term bullish on ethereum. more so than bitcoin actually. hence the pic-related black bull (sadly I probably can't post this on /biz/ without getting banned because it triggers the Zig Forumsacks on there) but watch out for the return of the bear (other pic related).

bull = upward trend = bull in the cuckold scene is the man who fucks the guy's wife
bear = downward trend = dancing bear porn
get it? heh

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Just regular algo fuckery nothing new, most markets are affected by them including regulated ones.
The volume is virtually inflated by arbitrage algos working on multiple exchanges.

Do you have a crystal ball too? Would work just as good.

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Wait did you just try to explain financial markets to a christanon using porn? I am sure they are now more confused…

technical analysis is not perfect but it is more useful than just blindly buying/selling something.

A lot of crypto traders have the mentality of "buy the dip!" only to find themselves BTFO'd in a deep bear market like this one. If you were buying the dip all the way from 19k to 6k, you lost a shit load of money.

Technical analysis is useful but it is not perfect because in a relatively illiquid market (compared to traditional stock/commodity/forex/etc markets) like crypto-currency trading, whales (porkies) have the ability to reverse the trend with a large order in the opposite direction.

For eg. recently I sold some of my bitcoin because the long-term technical analysis is bearish. There are some prominent technical analysts who think bitcoin is going to hit $6k. The price of bitcoin actually rose a bit since I sold that bitcoin. Because there are whales in the market who put up large buy orders and pumped up the price of BTC a bit. These whales might actually be the exchanges themselves. Exchanges can engage in "wash trading" (as described by someone else above) to manipulate the price.

However with the trend being bullish now, if you buy now, there is the possibility that you can get dumped on by a bear whale. A bourgeoisie who wants to take profit on his investment. That might actually be the exchanges themselves. Exchanges are thought to be guilty of engineering pump and dumps.

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I don't understand the purpose of the dancing bear. Do people actually have these sorts of fantasies?

I think of Dancing Bear as comedy porn. I can't imagine that people have a real fetish for this stuff.

The black guy interracial porn fetish makes sense because interracial sex is taboo. I prefer interracial porn as a white guy because I think it is more slutty and degrading for a white woman (preferably a married white woman) to have sex with a black man.

I remember reading this one cuck talk about the first time his wife went black. And he said that his wife was a conservative Southern woman who voted Republican and her dad hated black people. I busted my nut right there jerking off. The other day I was jacking off to mugshots of this cute Pennsylvania Dutch (descendants of German-American settlers to Pennsylvania) jailbird in an orange jump suit. And I thought to myself how hot it would be for her to get fucked and inseminated by a Philadelphia or Pittsburgh black bull.

Zig Forums definitely watches and self-gratifies themselves to interracial porn. That's why they came up with "cuck" as an insult.

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For those not aware of the context, the Pennsylvania Dutch region is Trump country. They have voted solidly Republican ever since the "Southern strategy" where the Republican party started appealing to racist white people. Before then, the Pennsylvania Dutch were voting for Democrats because the Democratic Party appealed more to racist white people than the yankee top hat porky Republicans.

The yankee top hat porky Republicans (like Trump) have basically done a good job of convincing Appalachian white trash that they are just like them. It's madness.

Yeah make good points bearposter but too bad you're a cuck

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I'm more like the white dude on the bottom sucking Tyrone's cock. Not the white dude getting sucked off by Tyrone while sucking Brad's dick. lol. In terms of my sexual preferences, not in terms of my position in society necessarily.

I'm not straight-forward bi for bbc though. My "thing" is a bit more nuanced than that. I want to be the sexy white roastie getting fucked by Tyrone. Or I want to watch Tyrone fuck a sexy white roastie while I watch.

I have been told that I might have "autogynephilia" or might be transgender.

This is why I keep saying that I'm not Zig Forums (well partly why). Zig Forums would like to see me shot for my sexual preference. They are doubly triggered by the combination of autogynephilia/possibly trans and liking BBC.

Ultimately I'm really just a freedom loving guy. And both the SJWs and conservatives are a threat to freedom.

I'm not a libertarian/ancap either. Because how does it benefit me to defend rich people? Why should I give a fuck about pretending some porky's private property rights? Defending his right to be a fucking billionaire. Unless I were porky myself, there's literally no point to being a libertarian.

My mentality is probably different from the normies though. As an autistic introverted guy, I have always thought outside the box.

Throughout my life I have been told that I am a selfish person.

Why do people call me selfish? Because they would rather that I do something for them rather than do something for me. They call me selfish because I won't indulge in their selfishness.

The problem with ideologies like liberal, conservative, libertarian, socialist, etc. is that it requires you to put the interests of others above your own interests. Unless you're literally like a libertarian porky and your ideology just happens to align perfectly with your own self-interest.

I adhere to what I call "BBC philosophy". Tyrone don't give a fuck about anything but himself. So I live by Tyrone's motto.

I see Tyrone as the ultimate alpha male. That might be why I watch interracial porn exclusively.

I saw this porn where this white secretary chastised these black ex-convicts for violating the conditions of their parole. Because they weren't seriously looking for a job (you have to get a job as one of the conditions of your parole). After they drove her nuts, she was like "that's it, you're all going back to jail!" And then these black guys are like "oh hell nah!" and then they start groping her and pulling down their jeans. And then she's like sucking their dicks. And then getting fucked. I wish I was that secretary. The black lumpen's disregard for authority is like a display of his masculinity or some shit I guess. It's arousing for some reason.

Bear poster, you're only making my crippling depression worse. Please go away for now.

Hey you're not wrong user even if you have a bizarre fetish. To each his own I guess. Your knowledge of finance and politics is pretty well versed and nuanced considering all other factors. Have you studied business or finance in college or is it just something you picked up out of curiosity?

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bitcoin just got destroyed by some bear-whale. holy motherfuck. lol. I was actually rethinking my bearish outlook on bitcoin. And was thinking about flipping to bull before I went to bed tonight. But thanks to my insomnia I stayed up later than planned. And then I saw bitcoin go from a short-term bullish trend back to the long-term bearish one. The bear has returned.

I think the trustee from Mt. Gox is dumping the coins. I don't see why any other whale would be dumping these coins at this point. If you wanted to take profit on bitcoin, you would have done it already.

The bitcoin price was above the 10-day simple and exponential moving averages. Which made bitcoin a solid buy for day traders and even swing traders. And now it is no longer. Day traders like myself look at 15 minute or less candlestick charts. Even the 4 hour candlestick chart was looking good.

This goes back to what I have been saying. Even if the technical analysis is solid, the science checks out, if someone decides to sell or buy a significant quantity of bitcoin, the technical analysis is no longer relevant.

To be fair, the daily candlestick chart (the long-term investors chart) was bearish. I had good reason to believe that the bear market was ending though given the 10-day moving average was solid.

I wish I had switched to the bear side back in December. I made almost $200,000 profit from crypto and I ended up losing more than half my profit because my bullish strategy was working so well in 2017. It doesn't work out so well in 2018.

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user, i'm gonna give you something that is extremely valuable.
I'v been trading currencies for the past decade, even did my master degree in the risk management floor of a big oil company.
There is no such think as technical analysis, its bs made by brokers and other sneak oil salesman to sell you some worthless seminars and ebooks.
Technical analysis is a fairy tale, there is no such thing as technical analyst in big trading flloor, maybe quant analyst but no technical analyst the way retail see it.

Hell institutional platforms don't even have charts !.

you're basically gambling, providing liquidity to people who actually know what they're doing.

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And how do they know this?

anarcho-tyroneism

youtube.com/watch?v=KV5QlSgq7lg

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There are two types of traders in a trading floor
1) quant traders who are nowadays almost completely replaced by Algos, their based on arbitrage, order book reading sometimes spoofing (which is illegal but still widely used), can also be used for front running on occasion (also illegal).
2)fundamental analysts, which are still mostly humans, their job is to analyze the geopolitical environment and and decide what impact the current events will have on various assents and take trades accordingly.
This requires years of experience and having to stay on your screen almost 24/5.
They're news junky, they spend most of their time looking at a Bloomberg or a Reuters terminal.

Anything else is voodoo magic.

lmao this fucking video never gets old

holy fuck these are hilarious. the true fate of petty booj/aspiring petty booj cucks.

Do they really base their decisions on such inaccurate sources?

Reuters is pretty good at reporting at global events that might impact stock prices, and since most news orgs just cite them anyway, they're usually some of the first aside from maybe local news. If your job is to look at current events and trade assets accordingly, you would be stupid not to keep an eye on them. Which other sources did you have in mind?

I guess Reuters must be good for getting really fast updates, but I thought porkies liked to read paid subscriptions like Financial Times, or other higher-brow stuff. In truth all of these news outlets are swamped with bourgeois lies, but I guess they do they job for stock traders. Can't expect them to read obscure Marxist new analysis I guess.

Its the fastest and most accurate news source available, true or false, news that show up there will have a huge impact on the asset related to it.

they're common too.

dashforcenews.com/cryptocurrency-markets-drop-100-billion-korea-crackdown-fakenews/
bloomberg.com/news/articles/2013-04-23/a-fake-ap-tweet-sinks-the-dow-for-an-instant

Both Reuters and Bloomberg are out of reach of most retail with prices well over $2k/months.
But twitter is giving them more and more a run for their money. especially for breaking/unexpected news.

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What other alternative is there within a capitalist system for a worker other than to try to escape the wage cuck life and try to become bourgeoisie or at least petty-bourgeoisie?

Revolution?

How is that going for you?

I live in the here and now. Are revolution LARPers even employed? Do they have any real responsibilities? Have they moved out of their parents' basement?

Not doing whatever you can to better your life situation under capitalism, even if that means aspiring to become bourgeoisie or petty-bourgeoisie, is lifestyle-ism.

If it wasn't for my crypto brokerage gig. Where my clients pay me a commission for my services, I'd probably be in trouble right now. This market is completely brutal. "Just short user" they say on /biz/. And then the whales push the price up and short squeeze you. Traders both long and short are getting BTFO'd by whales. I'm pretty sure that BitMex and Bitfinex is selling traders' liquidation price on their margin positions to the whales. These exchanges are unregulated. They can do whatever they want.

When bitcoin is above the 10-day moving average and then it dumps nearly $500, which is like fucking 7%, it is clear to me that the market is being manipulated by whales (bourgeoisie, I mean rich bourgeoisie, not petty-bourg).

fundamental analysis doesn't work for crypto at all. Barely anyone actually uses this shit as money. People are just speculating. Gambling.

You are a forex trader (or was), obviously fundamental analysis works for that. The value of a nation's currency is usually tied to the economic strength of a nation. I'm not doubting your forex trading chops. Crypto is a different game.

As for quant trading with crypto, the spreads between exchanges are so razor-thin that arbitrage trading is not even worth it. Maybe it's worth it if you use a bot. I have tried arbitrage trading manually without a bot and I made money but very little money.

And when the spread is large between one exchange with another, there is usually a good reason for that. Poor liquidity, withdrawals might be disabled at the time. The owners of that exchange might be shady, etc. You literally have to trust your money with these lesser-known exchanges in order to get a good arbitrage going. And I don't feel comfortable with that. Crypto is unregulated. Customer service at crypto exchanges is terrible.

Pretty much any exchange that has decent trade volume has no arbitrage opportunity.

I was selling ethereum for bitcoin on an exchange that had low trade volume (like 25 BTC/24 hrs for that trade pair). I put up a sell order for 2.5 Ethereum. I was able to get a good price for a portion of my ethereum. But there weren't enough buyers to fill my order. And then other sellers started under-cutting me. Selling for even less than the going rate on higher volume exchanges.

None, thats the point.
And trying to get rich is an impossibility for most people you need to get extremely lucky and it only get's harder as the time passes.

Revolution is the only way out, regardless of how shit first world "revolutionaries" are nowdays.
Socialism is the only path to universal comfyness.

People are incredibly classcucked. If you think I'm classcucked, talk to the average working person on the street. I am one of the most class conscious people I know. The system is absolutely fucking absurd. I should know because all I do is buy and sell assets while the wage cuck who makes my pizza is making shit. It does me no good to defend the bourgeoisie. The bourgeoisie spend millions, even billions, to lobby for their interests. They don't need working class people or petty-bourgs to do that for them.

But if someone personally attacks me for being petty-bourg, then I'm gonna bite their head off. You can't fault me for acting within my own rational self-interest within the capitalist framework. And I'm not rich. I'm doing what I do to secure my retirement. I don't wake up in the morning thinking "how am I gonna fuck the working class today?"

As I stand now, my profit from crypto trading is less than $80,000 USD. My profits used to be more than double that.

So if people want to hate on someone who is basically a middle-income person just because they are "petty bourg", meanwhile you have people making billions and millions of dollars who have the actual real power in society, knock yourself out.

There are people who earn a lot less money than me on r/The_Donald and r/mgtow who think I am a raging socialist. They thought I was a raging socialist when I was making nearly $200k.

There isn't going to be a revolution. People are too afraid to rock the boat. The wage cucks believe in their mind that they should be grateful for what we have. I won't start feeling grateful until I have $2-3 million. Why should I feel grateful when there is a handful of people who never have to work because they are rich while the vast majority of us are slaves?

Most people have accepted their slavery. I don't accept my slavery. That is why I'm trying to get rich. Waiting around for revolution isn't gonna do me any good. Wage cucks are deluded. These people are slaves and they defend the right for the bourgeoisie to enslave them. They have what is called slave morality.

I have that Emperor Palpatine type of mentality. He worked within the system but he was an opportunist snake in the grass who was looking for the right opportunity to betray his master. Emperor Palpatine has no loyalty to anyone but himself. I have no loyalty to the bourgeois kikes who run society. If I see the opportunity to slit a rich kike's throat, I'll do it. I'm a Black Piller. Not a right-winger. Anarcho-Tyroneism. lmao.

Until revolution has a serious chance, the only logical move right now would be to try to do capitalism to the best of my ability. You would need serious levels of accelerationism for the wage cucks to even have a chance of waking up. In the Russian/Cuban/Chinese Revolution, the proles lived way worse than we do now. The wage cucks are not uncomfortable enough to do revolution. The wage cucks have shown a willingness to trade freedom for a minimal amount of security.

Maybe the recent social democratic SNAFU in my province will lead to some accelerationism. The minimum wage here went up 20%. A lot of businesses reacted by jacking up the price of their goods and services. Causing inflation. Many of them have cut hours for their employees and laid them off. Especially small businesses.

Once millennial berniecucks realize that they can't get a job after graduation, even as a Starbucks barista because porky has decided that they would rather go short-staffed (businesses have stopped giving a fuck about customer service standards a long time ago) than put in another body at $14 CAD/hr, maybe these reddit nu male cucks will grow a pair and do revolution. But I doubt it.

Except they don't. The repeated crashes and bank collapses resulting from market speculation shows this.

The crypto market is even more of a gong show than traditional financial markets. There is less trade volume and crypto assets like Bitcoin and Ethereum are backed by practically nothing. So the volatility swings can be enormous and unpredictable. Except for the black market, money laundering, tax evasion, etc. That is literally the purpose of these currencies. All this blockchain hype is bullshit. And I've been trading crypto for almost two years (I made almost all of my money within the last year though. I barely made shit in my first year because I was just learning).

The people who made serious money off crypto are the early adopters (I'm kind of in that camp. I invested a small amount into bitcoin in 2016) and the whales.

If you are rich, all you have to do is put up a decent sized buy order on Bitfinex (the highest trade volume for BTC/USD). Drive the price up to the point that the technical analysis changes. Then the normie fish will FOMO (fear of missing out) and buy BTC. Short-sellers will get short-squeezed (shorters getting liquidated). They will be forced by the contract to buy BTC at higher rates than they initially sold it for. And who is selling them this BTC at elevated prices? Surprise! The whale who pumped the price in the first place.

Pump n Dump 101. This only works if you are a whale or if you have a Telegram pump n dump group where a bunch of people collectively decide to engineer a pump n dump. Telegram groups focus on altcoins rather than bitcoin because it's easier to pump an altcoin than bitcoin. Less trade volume. Less liquidity.

no, they'll just live with several pot-smoking orgy-in-the-living-room roommates like they do in vancouver BC

youtu.be/Xwr4CdkGvoM

kys

Despite all the dumb shit he is saying he's still got a legitimate point underneath the reactionary rhetoric. As much as you or I hate to admit it

if its stripped of all the nonsense its just a trite statement about "proles are stupid and reactionary i'm superior for knowing this". so what if it's true? there's nothing deep or insightful repeating this to death. this issue is brought up a million times a day on this board, the poster just presents it in an insufferable manner. there's no "unsettling truth i'm afraid to admit", its just the same tired slop

I guess the main question that leftists should ask is "how do we educate the working class into class consciousness?" I had a few friends that slowly become more aware over time but the average person either knows the world is fucked but won't do anything about it or is completely apathetic.

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What if there's not 7b people in the world and we're really still around 500m and this fake number padding is a way to scare nations into this rush rush rush and hiding real election numbers?

Didn't we read twitter is mostly Goog AI bots?

That thing had an IPO, how's this not securities fraud?

I get the impression the stock market is the first attempt to meddle with economies and fluff "fake" social support.

bump

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