Wed Apr 29 18:22:53 2020
<21c2e595> <@U03694HFD> you still have all thsoe crazy postions on?
<9e126bf3> yup :joy:
<21c2e595> taking them off?
<21c2e595> <@U07MMSG8M> you get any of that run?
<5547a085> well, sexually yes, but in capital terms no
<5547a085> I’m working on something else
<9e126bf3> I’m thinking about taking off half today but not sure… I feel like $ETC could still run some more from here
<21c2e595> you can still work and ride a position. 😉
<5547a085> I didnt have any positions open this morning, but ive been up watching it since about 630 am, so i dont have any excuses haha
<9e126bf3> I’m back around my ATH from February lol
<5547a085> This has been one huge fibonacci retrace and it respected every single channel, like a work of art
<21c2e595> your crazy man if you dont. youve had some market magic luck on those pos like only 4x to get out. lol
<5547a085> BTC isn’t done from here, a new formation will break out and on and on it will go
<9e126bf3> $ETCG is a beast
<5547a085> Plenty more opportunities
<9e126bf3> moar printer brrrr
<d666283b> My portfolio is higher now than before the crash
<5547a085> I’m watching to see if it sustains mid 8k range
<21c2e595> <@U03694HFD> when has there not been the brrrr tho?
<5547a085> Tether did “mint” a fuck ton this month
<5547a085> So that allegory is not necessarily out of place lol
<21c2e595> just brrrrrrr eveerything!
<5547a085> Buuuuuut I’m sure their liquid no worryz
<5547a085> Like 75% reserve? 50%? more than the FED
<5547a085> they just have to be 1% more than the FED to be a better choice
<21c2e595> well prob more than fed and banks, where there res req is 0.
<9e126bf3> FED is zero
<21c2e595> banks are 0 too now bc corona! ahh
<9e126bf3> UBI is cominig
<21c2e595> eqs are up at hard res as well. so that doesnt make me like the RR here for longs
<21c2e595> it alrdy started with the 1200 bucks! <@U03694HFD>
<9e126bf3> yup more on the way for sure
<5547a085> A 15m chart indicator for BTC just went short for me
<5547a085> (Profit taking)
<5547a085> 8h is still ong
<21c2e595> im not sure they will do more ubi unless we roll back over and test lows on eqs. it seemed to be enough now to curb the sheep.
<21c2e595> prob would have to make new lows more likely
<5547a085> My fave quote was: “MF Spittin” haha
<5547a085> MF SPITTIN
<9e126bf3> May 1st is about to hit, rent strikes will start happening
<9e126bf3> more funny money air drops
<9e126bf3> when economy finally opens and there are half as many jobs to return to because lots of places closed, there will be breadlines and UBI
<5547a085> Its a hallucination, it will wear off at some point and people will see their money is cotton candy and its clown world and hopefully be very pissed off
<5547a085> But the anger will have no outlet except the usual scrapegoat agendas
<5547a085> It might just be its own clown economy for a while, but people who can smell real value will use like a new asset class? I can only speculate so far
<5547a085> Like if you handed me $1200 free bux, id get it into gold/silver/btc as soon as possible
<21c2e595> it seems tho that ppl where calling on and happy that the fed printed moar bc it directly helps their portfolios. not sure they will be angry and want their wealth to vanish and grab the pitchfork. my dad said they will just print moar to help us right? they have the sheep scared and id argue even more cowardly now then b4.
<5547a085> amazon is back to ATH, certain stocks have rebounded
<5547a085> Its rigged to the upside, i dont see how its sustainable
<5547a085> It could take the whole next year to unpack and compute the level of bullshit that has unfolded in the last 60-90 days
<21c2e595> it hasnt been sustainable since 08 bc they didnt let it wash out the bad money. but that dont mean it cant go up more like it has. the economy and the stock markets are not highly correlated, just slightly
<9e126bf3> they’re about to just go full big government MMT
<21c2e595> will unemployment go over 25% this week?
<9e126bf3> probably :sad_pepe:
<21c2e595> <https://www.bloomberg.com/news/articles/2020-04-28/mnuchin-says-no-bailout-for-states-with-badly-managed-budgets>
— Mnuchin Says No Bailout for States With Badly Managed Budgets
— Treasury Secretary Steven Mnuchin said states that had poorly managed budgets before the Covid-19 outbreak sent their economies reeling should not be rescued by the federal government.
<21c2e595> ha…badly managed states. ya cause its only the states issues. the fed is an :angel:
<9e126bf3> yes they are masters of the universe, smartest people in the room, etc. :face_with_rolling_eyes: