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  1. #6201
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    shorts get burned would mean price going up.

  2. #6202
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    Quote Originally Posted by byates1 View Post
    i basically earned a free eth in one day plus a couple grand into btc, now holding 1100 lrc.

    i'll hold for a while, doing some lazy research seems like it could be a big deal w all the metaverse/npt talk.

    also bought shib and doge, couple hunge usd each. why not. some dog coin w all it's hype could become a big deal in the gaming metaverse type shit. who knows

    btc rapid 7k drop? is that shorts getting liquidated?
    You're like a child who wanders into the middle of a movie.
    Is it radix panax notoginseng? - splat

  3. #6203
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    i've got a solid strategy. apparently not cool enough for you.

    sorry i don't know the ins and outs of everything a deeply as you

    what i do know is i turned 4 figures into 6. and don't plan on touching any of that 6 for 10/15 yrs. only adding to it.

  4. #6204
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    Well, we do seem to be in the late stages of a shoeshine boy market at this point, but I donít even know if that matters anymore.


    Sent from my iPhone using TGR Forums

  5. #6205
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    Quote Originally Posted by MakersTeleMark View Post
    You're like a child who wanders into the middle of a movie.
    From what little I've gleaned in here in terms of actual tips; more objectively good helpful stuffs coming from Byates1 & bushwacka. I made the mistake of jotting down notes and figuring I'd "do my own fucking research" and watch for a little while. I just watched you guys make a heap of money while I took notes.
    Lots of Cream, Lots of Sugar

  6. #6206
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    Quote Originally Posted by jm2e View Post
    From what little I've gleaned in here in terms of actual tips; more objectively good helpful stuffs coming from Byates1 & bushwacka. I made the mistake of jotting down notes and figuring I'd "do my own fucking research" and watch for a little while. I just watched you guys make a heap of money while I took notes.
    Sig checks out.
    Is it radix panax notoginseng? - splat

  7. #6207
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    So today BTC sell off is probably due to large institutions selling off in fear of the evergrande default.

    What happens when BTC sells off is many people use BTC to trade margins against. When it drops most things will drop because of people trading on margins. I do some short term trading on margins but I rarely hold over night when on margins, its simply to risky IMO.

    a short squeeze in the crypto world is not nearly as volatile as the stock market because there is no such thing as synthetic shares or naked short selling in the crypto world. This means while short squeeze happen they never look like what VW looked like in 2009. GME and AMC were not squeeze fyi, neither of those stocks have squeezed yet.

    This is what a short squeeze would look like in crypto. on 15 minute chart. They are almost impossible to catch unless you are watching an or have limit sell set up.

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    you can predict these buy a slight downward trend while trading sideways and but short interest. There are various site where you can look up short interest and days to borrow for both stocks and crypto.

    Also option trading can cause large moves in markets as well, I do not understand that enough to explain it though.

  8. #6208
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    Yeah, my buy/sell btc orders are almost always limits. Sometimes I have to do market orders but I prefer not. Currently my buy orders are below 55k and my sell orders are above 69k.

    I DCA'd from eth into link again with my mining returns. I just love the link/eth chart because I love a bargain and growing my link bag gives me real satisfaction.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  9. #6209
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    So I took 1k and just put it on COS. While I view LRC as both a long term investment and short term trade COS for me will be trade lasting no longer than a couple weeks. IMO its way HIGHER risk than LRC but it does seems to be near the bottom of its support level. COS is not trading on coinbase and I used crypto.com to buy some. If I trusted COS as much as LRC my position would be a 100x times aka my initial LRC position. With that said its 1k and I could see it going from .02 to a .10 in the next couple weeks. It could also do nothing or go the other way, for that understand I am just some guy on the net who happens to be a full time crypto trader, only you can make choices for yourself and I want to be very clear I am ok with losing 1k. I lose 1k all the time but it on high risk plays I take many small positions in the hopes my research actually clicks just 50 percent.

    LRC is investing in COS, and the APES have picked up on it.

  10. #6210
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    Quote Originally Posted by jm2e View Post
    From what little I've gleaned in here in terms of actual tips; more objectively good helpful stuffs coming from Byates1 & bushwacka. I made the mistake of jotting down notes and figuring I'd "do my own fucking research" and watch for a little while. I just watched you guys make a heap of money while I took notes.
    You're looking for trading ideas. You think you're not but your Fomo is glaring. That's fine but your lack of ability to glean information is on you.

    Makers, Shera and I ( and possibly bennymac) and stalefish are simply holding. Byates and Bush are trading around core positions. If you want to trade then there's lots of chats, discords, Reddit etc on that. Better start working a bit harder to understand how these work

  11. #6211
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    again just a dude on the net. not a CFA at all.

    but LRC is showing a massive consolidation into a bullflag, as well thursdays is when many of the borrow tokens have to be returned. I am guessing the short sellers from 7 days ago did not get their way. My guess is right now 2:00 pm to maybe 4:00 pm is the last time you can get this for less than 3.40, before we claim 4.00 dollars as support. 5 dollar could happen over night tonight as once it run that is first major sell wall.

    Click image for larger version. 

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    I currently have my day trade account set to sell at 4.91 which IMO is conservative, but I missed my ask ast night as it failed to get to the 3.82 I was asking. With that said this are Cartesi have been great trades today, but I only hold LRC mid/long term as I trade it daily. Again you could lose signficants about amounts of money short term, but if you get stuck upside down in this it will eventually break even or even better. Trade with time, not money.

  12. #6212
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    Quote Originally Posted by LeeLau View Post
    You're looking for trading ideas. You think you're not but your Fomo is glaring. That's fine but your lack of ability to glean information is on you.
    Haha. Of course that's what I'm doing. I've got less invested in crypto than you guys probably make and lose in an afternoon. I'll never spend more than a passing curiosity thinking about it.
    My investments right now are my wife having a good job, me having an okay job, and my house. Followed up by some embarrassingly latent retirement savings since said wife was in school for 14 years getting two doctorates only after we spent a decade enjoying the financial reality of the outdoor industry.
    I'm not trying to master crypto, I'm trying to have a little fun and glean some advantage off the same experts that have proven reliable for just about everything since I got here 15 years ago.
    "Do Your Own Research"? Yea, it's called coming to TGR anytime I want to ask someone who knows more about something than I do. If I have an HVAC question, or want to know a good dogfood, or I'm planing a trip to Greek Cyprus, I come here first. It's uncanny how well it works. Coffee? Check. Home Reno? Check. International Travel? Check. Firearms, boots, tibial plateau fractures, unemployment, divorce, bullfighting? Check, check, check, check, check, check.
    Before anyone starts worrying that I'm going to lose the farm because I bet everything on black just because Bushwacka said he liked Johnny Cash, realize that over the last couple days I've spent $200ish on a half dozen crypto purchases. At the same time, I spent $600 getting mountain bike suspension serviced. By next weekend, the suspension will have given me its value in fun. By the same time, this week's FOMO crypto buy in might be worth $300 if I'm wicked lucky. Hell, my initial $20 investment in LRC is pushing $30 now! Sick! After precisely 25 savy limit buys and sells, my total BTC investment of the last 8 months has netted me $150 out of $1500 in. But that $150 is only be cause I HODLed like a motherfucker over the last few months of regret. Fortunately/Unfortunately, I started tiered selling as soon as it peaked over my break even point and now only 3/4 of it is still HODLing.
    One of the best things about TGR is that you can have a ski thread with one guy who's FWT competitor, one who's a trustafarian Aspenite that hasn't skied in years, one living out of his van trying to get a job as a liftie, and one chick who started snowboarding six months ago and can't stop thinking about it. And one of them probably has a solid rec for a leaf blower. And there's always one who thinks Scarlett Johansson looks like a dude.
    Lots of Cream, Lots of Sugar

  13. #6213
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    Quote Originally Posted by jm2e View Post
    and one chick who started snowboarding six months ago and can't stop thinking about it.
    I call BS hopium.
    Is it radix panax notoginseng? - splat

  14. #6214
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    Quote Originally Posted by MakersTeleMark View Post
    I call BS hopium.
    Right? Who starts snowboarding in May? Maybe some South American chick, but who cares about her leaf blower recommendations, you probably canít even buy those up here.

  15. #6215
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    Quote Originally Posted by jm2e View Post
    and one chick who started snowboarding six months ago and can't stop thinking about it.
    where do I invest in this?

  16. #6216
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    Quote Originally Posted by jm2e View Post
    Haha. Of course that's what I'm doing. I've got less invested in crypto than you guys probably make and lose in an afternoon. I'll never spend more than a passing curiosity thinking about it.
    My investments right now are my wife having a good job, me having an okay job, and my house. Followed up by some embarrassingly latent retirement savings since said wife was in school for 14 years getting two doctorates only after we spent a decade enjoying the financial reality of the outdoor industry.
    I'm not trying to master crypto, I'm trying to have a little fun and glean some advantage off the same experts that have proven reliable for just about everything since I got here 15 years ago.
    "Do Your Own Research"? Yea, it's called coming to TGR anytime I want to ask someone who knows more about something than I do. If I have an HVAC question, or want to know a good dogfood, or I'm planing a trip to Greek Cyprus, I come here first. It's uncanny how well it works. Coffee? Check. Home Reno? Check. International Travel? Check. Firearms, boots, tibial plateau fractures, unemployment, divorce, bullfighting? Check, check, check, check, check, check.
    Before anyone starts worrying that I'm going to lose the farm because I bet everything on black just because Bushwacka said he liked Johnny Cash, realize that over the last couple days I've spent $200ish on a half dozen crypto purchases. At the same time, I spent $600 getting mountain bike suspension serviced. By next weekend, the suspension will have given me its value in fun. By the same time, this week's FOMO crypto buy in might be worth $300 if I'm wicked lucky. Hell, my initial $20 investment in LRC is pushing $30 now! Sick! After precisely 25 savy limit buys and sells, my total BTC investment of the last 8 months has netted me $150 out of $1500 in. But that $150 is only be cause I HODLed like a motherfucker over the last few months of regret. Fortunately/Unfortunately, I started tiered selling as soon as it peaked over my break even point and now only 3/4 of it is still HODLing.
    One of the best things about TGR is that you can have a ski thread with one guy who's FWT competitor, one who's a trustafarian Aspenite that hasn't skied in years, one living out of his van trying to get a job as a liftie, and one chick who started snowboarding six months ago and can't stop thinking about it. And one of them probably has a solid rec for a leaf blower. And there's always one who thinks Scarlett Johansson looks like a dude.
    Fkna!
    Quote Originally Posted by MakersTeleMark View Post
    I call BS hopium.
    Haha!

  17. #6217
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    thx for the lrc thoughts bushwack, you see it mooning in the short term, are you hodling long term w some? i saw somewhere it has a use case similar to compound, which is like a 300$ token.

  18. #6218
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    Just because someone made a typo everyone needs to follow now? Is that just tech cool or full geek? I'm thinking both.

  19. #6219
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    Quote Originally Posted by jackstraw View Post
    Just because someone made a typo everyone needs to follow now? Is that just tech cool or full geek? I'm thinking both.
    pwned

    Sent from my Pixel 6 Pro using Tapatalk

  20. #6220
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    Quote Originally Posted by byates1 View Post
    thx for the lrc thoughts bushwack, you see it mooning in the short term, are you hodling long term w some? i saw somewhere it has a use case similar to compound, which is like a 300$ token.
    You have to look at circulating supply, fundmental of each coin not with standing.

    Compound has a 6.0 million in circulation, with a total of 10 million. its market cap is 2.0 billion

    LRC has 1.3 Billion in circulation which is 96 percent of the supply. its market cap is 4.6 billion. LRC went from 300 million market cap to 4.6 billion in the last month.

    Basically LRC is already worth 2.3 times more than Compound. a 300 dollar LRC is unlikely and would be the 3rd largest market cap to reach 300 any time soon if ever, even though LRC gets burned while you use it

    This why when people think shib can hit .01 or DOGE can get to 2.0 that they do not understand market cap.

    LRC has broken out of consolidation and briefly hit 3.50, still no GME news and again while I split my day trade today between LRC and Cartesi. I am holding LRC with a target to sell 2/3rd of my tokens at 10 ish dollars, and holding another 1/3rd for a year. I believe we will see at least 10 dollars after GME official announcement. I am also day trading various amount during the day, the reason why I day trade and an HODL is its a hedge against mistake I can make with either. Day trading ensure I am more money closed out at the end of the say, HOLDING ensure that if pumps bigger than I think, I get that profit as well.

  21. #6221
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    Quote Originally Posted by Bushwacka View Post
    You have to look at circulating supply, fundmental of each coin not with standing.
    The SHIB to a dollar crew struggles with this concept.


    Sent from my Pixel 6 Pro using Tapatalk

  22. #6222
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    nice thx!

  23. #6223
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    Quote Originally Posted by stalefish3169 View Post
    The SHIB to a dollar crew struggles with this concept.


    Sent from my Pixel 6 Pro using Tapatalk
    Struggling with fundamentals is a hard thing to wrap your head around, especially since utility and fundamentals are hard.
    Is it radix panax notoginseng? - splat

  24. #6224
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    Quote Originally Posted by byates1 View Post
    i saw somewhere it has a use case
    Just had to quote.
    Is it radix panax notoginseng? - splat

  25. #6225
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    So I was wrong, seems like LRC was still very much linked to the BTC drop last night. It also seems like we have solid support at 3.00 ish dollars. Almost the entire market except for Mana/playdapp and Enjin is red. Gaming token will sometimes pump before the weekend and 2 of the big 3 pumped with Axie being the only one yet to go.

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