Quote:
Originally Posted by crucifissio
the blessed oracle is now going long and short at the same time!...buy orders set a touch above and below the current price...@ bitmex I am now 3711 long and 3476 short @ 25x margin...what ever happens between these 2 numbers is none of my business...once the order is triggered and the alarm goes off, the blessed oracle will be back in action!...the blessed oracle is leaning towards the short scenario  |
at the moment there is money with the volatility because while some have lost confidence others still believe and buy because they think THIS must be the low now.
and this might go on for a while and possibly even more profitable as on the high level because jumps of 10 or 20 % might be possible - even when it is going down on the long term chart.
the very big question is what will happen if all those, that secured their money in teither want to get dollars for it.
teither is obviously owned by the same hong-kong company as bitfinex and nobody ever have seen this dollars. the only audit was conducted by a dubious law firm that is involved in a lot of financial scandals and is not like a regular accountant in liability if all that is not true. when this "audit" was done the money was parked at nobel bank and nobel bank is bankrupt.
i think that people and governments will look now a bit deeper what can end in 2 scenarios:
1. they HAVE the money but no criminal wants to have it there because the investors become transparent through such audits.
2. they don't have the money and crypto would be completely fucked over night.
if we than talk about crypto currencies again sometime, then the states of the world will be the publishers. and then george orwells 1984 simply proved true a little later.
but you can't accuse the governments of having made george orwell true. it was the people who willingly gave up their freedom and praised crypto to be the greatest thing in the world.
if you call the devil you should not wonder too much when he stands one day in front if you.