Fri Mar 13 00:14:47 2020
<5547a085> yeah holy fuck
<5547a085> i went to an early dinner, come back, and its another leg down
<5547a085> the book on deribit is very tight
<8f79fcda> 50-60$ spreads on coinbase pro
<5547a085> everyone is buying, the liquidation price is only $40 off
<8f79fcda> :shittybear:
<5547a085> its basically been free fall for 1D from 7975
<8f79fcda> so basically data is the new oil
<8f79fcda> and china is the new iran of data
<9e126bf3> This virus may be a major global pandemic, but at a certain point it becomes an artificial overreaction… people are losing their fucking minds but as time goes on it again becomes about Trump and his “mishandling” as if one suddenly people want him to act like an autocrat. And the timing of it.. right as the impeachment ended on such a loss for the left… this is a gift from Lucifer himself handed to the Dems
<5547a085> from 4550 to 4850 in 5 min
<5547a085> This is a cash register for the bold
<5547a085> 4500 again
<5547a085> I’m watching the 5s chart lol, the deribit book is making kings and breaking banks wildly lol
<5547a085> A short for last night to now for my position would have been $80k
<5547a085> The market has to bounce at some point, I’m always more comfortable shorting than going long
<5547a085> the lowest candle touched 4340
<58f4c611> So with all of the universities, companies, gatherings, etc coming to a screeching halt we will no doubt have disruptions in major supply chains. I think that after a short amount of time we are going to see real impact at a global scale as far as quantities of goods go. bank runs are actually in the realm of possibility. We might see what happens when people come for payday as they move out of their positions, showing how cooked all the books really are. What happens when major players show to be insolvent? It’s not even a matter of ‘bail em out’ anymore because people are seeing the results within days and supply shortages may be a real problem. Back in 08, sure people were ok looking the other way because it didn’t impact their ability to actually buy food.
<9e126bf3> Where does this bottom? Theres no good corona news in sight… its like were on a disabled plane in bad weather at night, nowhere to land
<8f79fcda> <http://data.bitcoinity.org/markets/tradespm/1h?c=e&t=a>
<58f4c611> I think bitcoin might bounce around 3k but probably go up. There are only so many out there and as other shit goes tits up after a week of not operating bitcoin will actually look like a good hedge to nocoiners. But then again what do the old folks say? Gold, silver, alcohol?
<8f79fcda> and cigarettes
<5547a085> ammunition*
<75f07d61> <@U03A64PPM> is right!
It would be very wise to keep cash reserves in your house.
I different denominations.
<8f79fcda> by the timeclock, we just went through the beijing express train
<8f79fcda> it’s 8:30 am in beijing right now
<5547a085> 4750
<5547a085> lol there just needs to be!
<75f07d61> Anyone else gotten emails from their banks discussing how they are staying open and staying clean.
One just told me the withdrawal limit and max amount they will refund if using out of network ATM
<58f4c611> <@U3TK24FU1> curious if the widthdrawl limit changed
<75f07d61> <#CDLTQGAP7|prepping> is about to get some :hearts:
<5547a085> Is anyone else trading a book right now?
<8f79fcda> I’m on cash right now waiting for the Trades per minute to slow the fuck down
<75f07d61> WF capped at $300
While my CUs allow for $400
<5547a085> This velocity is intense
<5547a085> <@U036M05JL> deribit’s book is a little slower than the coinbase chart from what i am seeing on the tradingview chart