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Haha penderitaan akan datang!! Sampah, sampah, sampah!!! Beri aku jus itu

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I have noticed a logical discrepancy regarding all the talk for BTC and the US Dollar's relationship... At one side there's a global de-dollarization, and dollars are useless, but then on the other side everyone is watching for US CPI and interest rates. Dollars are going to be irrelevant so you should invest in bitcoin but uuh.. Bitcoin is traded with non other than US Dollars. Specifically US Dollar based stablecoins like USDT, but it's the same thing. Everyone loves USD inflow from ETF, but then again why does all of this matter if BTC is going to be the ultimate asset? 1 BTC will always be 1 BTC. Why are people so obsessed with the price of BTC, measured against the US Dollar? It doesn't make any sense, right? Maybe this irony comes from the fact that everyone in reality, does not care about the futures and prospects of Bitcoin, or any cryptocurrency in general, but rather the speculative aspect. "Buy low sell high" << If this is everyone's motive to buying crypto then this is just a Greater Fools theory. You buy something in anticipation of another person buying whatever you bought at a higher price. That guy is also thinking the same thing. Eventually there is the greatest fool, aka you bought at the peak. So if someone is saying people should buy Bitcoin, doesn't that indirectly mean they are basically going to rip their money off? IDK, just something that came up in my mind. This feels.. very predatory. No wonder why crypto investors are statistically more mentally unstable. The entire game is based on ripping off others. This is inevitable when the base asset has no production value. You need FOMO to lure new money in, so you can sell higher. Now the new guys need more FOMO to pass the bomb... This is not healthy. Also unethical. Maybe we start using crypto as its intended purpose, a decentralized digital currency run on a Blockchain? That's the purpose of Bitcoin, according to its creator after all. #ShortMaestro #ShortMaestro

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Market is so dead futures trading is impossible to profit... I need some action up or down whatever to work with, like I'll go long if there is a pump signal too... But nope long isn't a good option but a dump is really weak at the same time. Only thing left to play is the Mt. Gox July payouts, to creditors paid with $BTC and $BCH . This month is July so it might already be in process. Now it is up to the recipients whether they sell or not, but considering how their BTC was held since 2013 and the price back then was what, 2k? To compensate for their legal fees and what not I am sure it will be dumped. The German government selling wasn't even that impactful. BTC dumped to 53k as they started dumping, but when they actually did dump major amounts, BTC stagnated. So either this presumptuous dump was fear or it was necessary correction since 72k spike, and people blame it on the German government. In reality this dump had many reasons to be justified, or even inevitable. The market constantly bets that interest rates will be cut, when Powell clearly mentioned several times that their goal is 2%. Until then there is no cut. Because even while sustaining this high interest rate, inflation has prolonged for an abnormally long period. This is most likely due to the fact that the US government's spendings is not in line with FED's monetary policy. Joe Biden is just spraying money so the FED is cleaning it up. If Trump gets elected, national debt will reduce, and inflation will decrease. However one thing to keep in mind is the current situation is way off traditional economics. Even if there is a rate cut, the sudden stop of money printing from US may cut liquidity. Interest rate is usually inverse with stocks and crypto price, because loaning is easier. More money injected and market goes to a bubble. But in the recent case, interest rates are high yet stocks are peaking. Where is this money coming from? #ShortMaestro

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What's up Short Maestro here, I didn't post for a few days because of health issues and market had not much to work with. But now the 24 hour low and high gap is closing in, 56k to 58k range is getting tigher meaning some insane price movement incoming soon. In theory, an efficient market will converge the price to 57k and stabilize but this market is full of gamblers so we will instead see some lasers. I am still predicting that BTC will take a massive dump to sub 50k levels. There are too much supply out of circulation but can be dumped any time. Like German Gov.t selling. There's a lot of organizations or individuals that hold significant amount of BTC but has been idle. Like US Gov.t or Mt. Gox. And Mt. Gox has to pay their creditors, most of that btc is probably getting paid back directly and the creditors will dump in central exchanges. This is inevitable and seeing how even the stock market is at all time highs, this post covid economy bubble is nearing the end. I added a lot more margin to my BTC short near 57k~58k today. #ShortMaestro

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Trading Bitcoin last 3 days POV: 1. Wake up and see dump to 53k 2. BTC pumps to 58k 3. Sleep 4. BTC dumps again to 53k Repeat Technical analysis? useless 1min chart is flying everywhere but in reality price is locked within 53k~58k zone Something is about to blow up, pray it's on your side OR if you are not hard stuck on a long just do some small shorts near 57k+ and set a trailing stop to profit from zigzag #ShortMaestro $BTC

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Scalping or day trading in this market is a horrible idea. The market is so indecisive and uncertain, technical indicators don't matter at all. I highly suggest staying away from quick, high leverage positions. This is where you either sit out, or set up a safe position which you will keep for a long time. Bitcoin can fluctuate between 55k and 63k. That's a huge margin of error but it's the reality right now. Altcoins are not even an option at the moment. The risk levels are mind blowing. Even BTC is not so safe. I am shorting $BTC with 5x leverage, that's it. I have a lot of spare margin to avoid liquidation in every scenario. I made enough from the recent dumps, there is no reason to take abysmally high risk now. And I still believe $SOL will dump to two digit levels. But shorting requires extreme caution. $BNB is not worth shorting, I am rebuying it on spot and might go long too. #ShortMaestro

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