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The bottom is going to be in when nobody expects it to be in.
Not when everyone is waiting for "one more leg down."
The best opportunities don't feel obvious when they're happening.
What, you think you're going to perfectly call the exact $BTC bottom?
You think you're getting the perfect entry, at the perfect price, on the perfect candle?
Quit living in fantasy land, you bonehead.
If bottoms were easy to predict, everyone would be rich.
You're not going to nail the bottom.
You're not going to catch the exact wick.
You're not going to magically buy the precise price that gets posted on charts six months later.
And most importantly, you're not that guy, pal.
Truth is, neither am I. The difference? I'm humble enough to admit that.
But there's one thing I'll never f*ck up on,
When I believe the opportunity is there, I put my money where my mouth is.
While everyone else is waiting for confirmation, waiting for perfection, waiting for a price that may never come... I'm building the position.
Because fortunes aren't made by people who perfectly time bottoms.
They're made by people who have the conviction to act when everyone else is too scared to.
Funniest debate is "cats vs dogs" as if it's even comparable in any way.
Dog owners are BRAIN DEAD.
You have to wake up 6 in the morning with eye crust because your little "dog" is woofing.
"Hold on, I need to put the leash on!"
"Woof woof take me outside, I need to walk!"
Fucking retard, you can't WALK YOURSELF?
I can't open the FRONT DOOR for you to take a stroll around the neighbourhood and come back?
INCOMPETENT AND STUPID.
Cats on the other hand will BOUNCE for days on end, visit another city and come back like nothing happened.
I can let my cat out anywhere, he'll do his own thing, kill some vermin and return to CHILL.
REAL NIGGA.
You can figure out someone's intellect level by having this discussion.
~ Dr. Axius.
Chutou, a dog influencer with 1.5 million followers on Chinese social media, went missing only for its owner to later discover that it had reportedly been sold for just $34 in a dog meat market, leaving him devastated and in tears
Saw a lot of Dudes saying @BriskcapitalXBT got unlucky as $LAB dumped from $27 to $6 after he closed his shorts trade with $4.2M loss.
No, he wasn't unlucky.
He was the TARGET!
Let me explain to you how these crimes work: 👇🏼
I am sure you have seen a lot of tokens, absolute vaporwares, pump crazily in the past months;
• $RAVE
• $PIPPIN
• $ARIA
• $RIVER
And other multitudes of tokens.
These pumps are artificially engineered crime pumps orchestrated by a group of people/entities that are called market makers.
These market makers include some CEXes, DEXes and trading groups (mostly Chinese/Asians)
What’s their aim?
trick people to either long or short the tokens and profit by wiping them out.
How do they do this;
- these MMs approach Teams that are yet to do TGE or post TGE (or get approached by these Teams)
- eligibility criteria would be tokens where the Team controls a large amount of the tokens (typically 90-99% - $RAVE had 98% controlled by Team) and tokens with mostly perp & only few spot listings
- with this criteria, there won’t be holders to dump on the pump and people could mostly only engage by longing or shorting
- the deal would be for the MM to provide the cash to pump the tokens and both the team and the MMs share profit from the crime
This is when the crime proper starts;
- 100s of accounts start to long the token with volume across multiple exchanges
- this drives the token price up dangerously and make people talk about the token
- as supply is controlled, there is no way to dump the price or get in on the fomo apart from longing and shorting
Now, how do these (team and MM) people make money?
- by squeezing trades (longs and shorts)
- at the beginning, due to the dangerous upward movement of the price, a lot of people starts to short. The MMs keep pumping the price until these shorts are liquidated. They also earn from funding fee paid by these shorts
- when shorts overwhelm the longs or the short liquidations have happened (as with after Brisk closed the trade), these MMs dump their longs and the token dumps dangerously as well, liquidating most longs in the market
- If they like, they keep pumping and dumping the token as many times they like until they’re done. And it goes to 0.
Now, y'all see that @BriskcapitalXBT wasn’t just unlucky. He was the target.
If he had not closed, they’ll keep pumping the token until they liquidate him.
It’s the Game.
Even if he hadn’t been liquidated, they’re profiting from the funding fees, which got as high as 1% (-22,000% annual fee).
If your ammunition isn’t strong, it is really better to steer clear and DO NOT SHORT
You can't win against these Notorious entities.....