My gut thoughts

-

My gut is telling me the mainstream media is crashing crypto with purpose right now by giving it less than favorable news. I’ve seen this tactic in other sectors. Folks, it works. The panic sets in, we all sell...in five years they’re all richer as we lose our shirts. Essentially the pattern works like this...bubble up, hype it as the next best thing, trash it, bubble pops, panic sets in...the vultures swoop in at the lows and buy on the cheap. Rinse and repeat. See what’s going on? They sucker us in at the HIGHS and scare us out at the LOWS. The opposite of how it’s supposed to be, and a very effective method of wealth transfer hidden behind “market forces.” Is it really market forces or “legal” market manipulation? This is why I believe a lot in what subs like WSB espouse. Because it really is all a ruse in the end. Agree?

Comments

Post a Comment

Popular posts from this blog

Almost back to .275!

-
Image
Yeah, that’s what I like about Doge! A little patience, don’t overreact...she’s back, baby! Still down $35, but loaded up with $200 in cash for any major drops under .10. I’ll take the upside back to $1! Account balance: $504.66; no trades pending. Was down to $378 at one point, I’ll take a patient recovery versus a panic sale.  Strategy, hold to .75 or $1+. Add in 10% trades IF the coin stabilizes again.  Hey, 75% return back to this point. Good example of how emotions keep us from executing on opportunities. How many Coudla, Woudla, Shoudla taken advantage of the move from .16 back to .275? I didn’t. Oh I thought about going in with $5,000. Believe me, but fear kept me out. And only guts kept me in as she dropped. Would I have stayed in with an account value of $5,000+? I dunno, but that’s the point. No regrets. Moving on... Do the math...$5,500 at 75% returns = 10 trades for $1-million. Could you stomach the fear at trade number 9? I couldn’t at trade 1...
Read more

The slow dwindling to .15

-
Image
This will test .15 and lower, gut feeling no fundamental analysis to support that thesis. Technically however, we are already seeing May 18th lows, but instead of positive momentum, we have stalled. As a result, I suspect this will test .19 again — as we’ve already seen .21. It’s a race to zero from there...just my opinion. Again, I see sub .10’s happening again, and I’ll buy some there and again at zero. Yep. Literally trading real dollars for ...emptiness.  My hunch is we will see $.75+ again within the year...just don’t know when, and worst case; I lose the bet... and I’m holding onto 15,000+/- Doge. Could be worse.  And this is all just that, a bet. Don’t delude yourself into thinking this is investing. But I like a good casino just as much as the next person; let it roll!
Read more

Long time no Doge...

-
Image
Welp, I’ve moved out of Doge for the moment. Played Da’HOOD for some nice IPO gains. Looking to flip this trade to a quick $350- to $500, and I’ll figure things out from there. Doge has lost my interest for the moment. Sometimes momentum needs to be capitalized upon...$191 to $375, back to $277. Onwards to $500. On the other side of the fence looking to SELL one PUT option on about $4,000 for around $200 to $250. Trade to come when/if the opportunity presents itself. 
Read more