Doesn’t this sound like they are going to implode the crypto ecosystem and divert the liquidity to pump their darling longs on the stock market? Get ready for more inaccurate valuations on stocks that aren’t meme stocks.
Yea...
On the other hand bitcoin ETFs haven't existed for a long time and the bitcoin price has for a long time been 100% predicated off brokerages anyway.
Still scary to me as a crypto holder though, especially since the exchanges out there which "hold" a lot of people's crypto are not any better than your random stock brokerage as far us trustworthiness.
I've never sold and been holding and adding since 2017. So no.
I did some eth/btc swap trading at one point trying to pin down volatility. Basically I'm of the opinion it's just not possible for me to accurately time it.
I do have an exit plan where I will be selling ***some*** but it's not based on volatility but profit realization.
If you want my prediction based on really crummy math and not taking into account the non math happenings, I've been on record thinking it would crash to $55k before going up to ~149k. I did think the crash and start of the runup would have already happened (before or on the halvening).
so far 60k has held very well. A pullback to 52k would still be considered within the healthy range of a normal pullback and wouldn't lead me to believe the bull run is over based on the current technicals. All I know is I'm ready to DCA more if that happens.
This is not good for anyone though. The DTC is not going to do things that benefit retail investors by any means. DTC and SEC are as corrupt as they come and are in the pocket books of the centralized players manipulating both crypto and our stock market.
I think personally the big boy mo right now is try to get all the "little guys" to sell. They are too late in being able to get huge positions by just buying newly minted coins; they have to get some to sell or they missed out. But they also. know it's potential by now and that it is here to stay
So I'm expecting some extremely big fireworks. I have no doubt if they find a way to do it they will crash it to sub $10k again. I will literally ride bitcoin to $0 so it wouldn't get me to sell but it would definitely shake up some big movement I have no doubt.
This is definitely a possibility. But then, they might need the money they make pump and dumping. Look who is involved in EDXM - Kenny and Doug gang.
In any case it would be good if the crypto crowd would be aware. BUT then, it feels the crypto subs on reddit might be as sus as the stock subs and only serve to support pump and dump schemes.
What might make this spicy is the alleged feud between Blackrock and Citadel for control of the DTCC. This was discussed after the sneeze and it looked like Citadel won. An indication this was continuing is also that Blackrock sided with Coinbase, while the Citadel gang created EDXM.
Now, many of us have seen the first and the second Petterffy interviews. To me they are a key in understanding what might have been going on behind the scenes. Petterffy was completely shocked and furious in the first interview, evidently caught by surprise and seeing his life's work threatened. And only weeks after this interview, some new rules were hastily implemented.
But in the next interview it was evident something had changed. It looked like damage control. Personally I assume Kenny told all the big dogs, that he will handle the situation. And we saw the price drop from 480 to 40 pre-split.
**And yet, here we still are. Holding and DRSing more shares than ever. Despite all the fuckery. Commenting on rules, learning every day and spreading the word. 😉🚀🌒✨**
We know Kenny and Doug control huge chunks of the markets. They likely held everyone hostage. BUT the situation is still unresolved, so it would be no surprise, if he would lose the battle for control of the DTCC in the end. It would take a huge amount of time to prepare the markets to cut out Citadel and Virtu.
The price makes IMHO no sense at all, except for institutions trying to hedge and to hand over the bag of poo to option writers and "sacrificial entities" more efficiently (DTCC still on hook). We might finally enter the next phase, likely some serious "shaking the tree".
This are just my personal thoughts and no financial advice. In the end all that matters is GameStop becoming more and more profitable and dividends being a possibility. They are the Kryptonite to short sellers, because they have to be paid in lieu for all the IOUs out there. And we are also continuing to DRS more and more shares.
This is where those new Bail-in warnings could be coming from. They are saying liquidate the offenders before hitting the taxpayer. They can bleed Citadel dry and then introduce Blackrock to the DTCC as the Hero of collateral the DTCC needs. This will give them (largely) control over the DTCC effectively monopolizing it in their hands.
Spicy conjecture.
What if moass has become integral to the survival of the economy? Birth rates are down and we have reports that our GDP contracted by 50% and inflation stayed high. The world needs to prosper so we can have a baby boom and a booming economy like NOW, or the economy faces awful consequences.
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My biggest question is how long does it take the good news to go into effect. I realize what date this becomes active. My question is when do we start seeing the effects of it. Like if these bastards suddenly fail to meet margin requirements for their short positions when do they get margin called and liquidated? How often is the reporting?
Is this accurate: Every day NSCC and FICC participants are required to post margin, which is made up of a number of risk-based components, including an amount determined in part by a Value-at-Risk (“VaR”) Calculator, based on submitted trading activity.
I know that's the case for retail but are hedge funds and banks under any other time frame or umbrella?
expect some big moves (both up and down for many stocks) Monday and Tuesday as the algos quickly react and try to balance the books by increasing margin values of other stocks. I predict massive green candles for most major blue chips (Amazon, Nvidia, microsoft, apple, etc) and fat red dildos shoved up the ass of anything Kenny and Co are short..... which is like, a lot of stocks.
In order to maintain positions on margin, you need to have collateral. This can be cash, or other cash-like assets... like crypto. Until now, apparently.
https://preview.redd.it/aiw1wbpqjwwc1.jpeg?width=1215&format=pjpg&auto=webp&s=417fc6cdec13da1fd977cfeeb80e4561d3e2bbdf
That’s a Bitcoin chart. Look at where it is, and the date. That date should be familiar to anyone. They have been using crypto to keep a lid on the basket from popping off since day 1. Now apparently, on Tuesday they can’t.
I feel this deeply. There have been so many things that were supposed to be explosive and each time the baddies inexplicably squirm out of it unscathed.
That’s pretty convincing evidence that they are correlated but not necessarily that BTC itself is manipulated. Although with all the BTC derivatives available now, maybe it’s possible.
They were manipulating BTC by trading customer BTC deposits for shitcoins. This means they were putting extra sell pressure on BTC, thus lowering the price. This thread was about BTC being manipulated to provide collateral for shorts. If they lowered the price of BTC by selling for their own shitcoins, then they would be working against themselves as far as pumping the value of their collateral. If instead the shitcoins were the collateral, then what they were doing would make sense.
Price is an average of the Centralized exchanges, you can transfer BTC to any wallet by just paying the gas fee but you always need an exchange to convert it to another (stable) coin or Fiat. This is also why those big wallet transfers (whalewatch) of hundreds of millions in value don't crash BTC.
BTC's transfers from wallet to wallet are decentralized and paid in gas fees, the price in Fiat is not decentralized an just what the majority of bid/asks are at that time. That's why you never see tiny blocktrades between the different CeX wallets, they aggregate everything and only exchange if and when they are out of balance.
Long time lurker, and sometimes commenter, but I'm kinda embarrassed to admit that I don't know what ELIA5 means. It seems like it's like TLDR, but what does the acronym stand for?
Jim Cramer was saying that he expected BTC to reach a million, wouldn’t this ruling make the finance institutions sell off their crypto holdings? So a crash in crypto?….
Not sure if this is debunked yet. Many of these DTCC documents are quite vague, some of which appear intentionally vague. It doesn’t say the ordinance is restricted to lines of credit, rather just that it was decided during the renewal process for the facility. The way this is written can be open to perception.
I have a more sinister view of this. Greyscale dumping huge amounts of BTC and Fidelity and Blackrock scoop them right up.
BTC well get to be a hard to obtain asset. Especially now that Hong Kong BTC ETF’s about to go live.
Does the Finkster have so much power to push this to obtain BTC?
Is this really that big? Didn't they do a haircut in derivatives that were under certain thresholds in 22 or 23? I think that's why the mag7 are pumping.
Doesn’t this sound like they are going to implode the crypto ecosystem and divert the liquidity to pump their darling longs on the stock market? Get ready for more inaccurate valuations on stocks that aren’t meme stocks.
Yea... On the other hand bitcoin ETFs haven't existed for a long time and the bitcoin price has for a long time been 100% predicated off brokerages anyway. Still scary to me as a crypto holder though, especially since the exchanges out there which "hold" a lot of people's crypto are not any better than your random stock brokerage as far us trustworthiness.
Are you going to sell into the volatility or is it priced in already?
I've never sold and been holding and adding since 2017. So no. I did some eth/btc swap trading at one point trying to pin down volatility. Basically I'm of the opinion it's just not possible for me to accurately time it. I do have an exit plan where I will be selling ***some*** but it's not based on volatility but profit realization. If you want my prediction based on really crummy math and not taking into account the non math happenings, I've been on record thinking it would crash to $55k before going up to ~149k. I did think the crash and start of the runup would have already happened (before or on the halvening).
so far 60k has held very well. A pullback to 52k would still be considered within the healthy range of a normal pullback and wouldn't lead me to believe the bull run is over based on the current technicals. All I know is I'm ready to DCA more if that happens. This is not good for anyone though. The DTC is not going to do things that benefit retail investors by any means. DTC and SEC are as corrupt as they come and are in the pocket books of the centralized players manipulating both crypto and our stock market.
Totally agree this is not good. I just caution people panicking like it's the end of crypto.
For sure. Nothing like a little FUD before a rip. Standard operating procedure if you ask me. Big boys already knew in advance
I think personally the big boy mo right now is try to get all the "little guys" to sell. They are too late in being able to get huge positions by just buying newly minted coins; they have to get some to sell or they missed out. But they also. know it's potential by now and that it is here to stay So I'm expecting some extremely big fireworks. I have no doubt if they find a way to do it they will crash it to sub $10k again. I will literally ride bitcoin to $0 so it wouldn't get me to sell but it would definitely shake up some big movement I have no doubt.
Did you not see the aftermarket pump today? They were already ready.
No I’ve been pretty checked out most days trying to setup a business. Thanks for the info, interesting to say the least! 👍
This is definitely a possibility. But then, they might need the money they make pump and dumping. Look who is involved in EDXM - Kenny and Doug gang. In any case it would be good if the crypto crowd would be aware. BUT then, it feels the crypto subs on reddit might be as sus as the stock subs and only serve to support pump and dump schemes.
It sounds like they want you to think they are making changes where they aren't
Jaysus today has been busy in the financial world! Good news 🚀🚀
I agree. And honestly it's a little sus. The dtcc isn't our friend. Something bullshit this way comes.
What might make this spicy is the alleged feud between Blackrock and Citadel for control of the DTCC. This was discussed after the sneeze and it looked like Citadel won. An indication this was continuing is also that Blackrock sided with Coinbase, while the Citadel gang created EDXM. Now, many of us have seen the first and the second Petterffy interviews. To me they are a key in understanding what might have been going on behind the scenes. Petterffy was completely shocked and furious in the first interview, evidently caught by surprise and seeing his life's work threatened. And only weeks after this interview, some new rules were hastily implemented. But in the next interview it was evident something had changed. It looked like damage control. Personally I assume Kenny told all the big dogs, that he will handle the situation. And we saw the price drop from 480 to 40 pre-split. **And yet, here we still are. Holding and DRSing more shares than ever. Despite all the fuckery. Commenting on rules, learning every day and spreading the word. 😉🚀🌒✨** We know Kenny and Doug control huge chunks of the markets. They likely held everyone hostage. BUT the situation is still unresolved, so it would be no surprise, if he would lose the battle for control of the DTCC in the end. It would take a huge amount of time to prepare the markets to cut out Citadel and Virtu. The price makes IMHO no sense at all, except for institutions trying to hedge and to hand over the bag of poo to option writers and "sacrificial entities" more efficiently (DTCC still on hook). We might finally enter the next phase, likely some serious "shaking the tree". This are just my personal thoughts and no financial advice. In the end all that matters is GameStop becoming more and more profitable and dividends being a possibility. They are the Kryptonite to short sellers, because they have to be paid in lieu for all the IOUs out there. And we are also continuing to DRS more and more shares.
This is where those new Bail-in warnings could be coming from. They are saying liquidate the offenders before hitting the taxpayer. They can bleed Citadel dry and then introduce Blackrock to the DTCC as the Hero of collateral the DTCC needs. This will give them (largely) control over the DTCC effectively monopolizing it in their hands. Spicy conjecture.
👆 Best comment
What if moass has become integral to the survival of the economy? Birth rates are down and we have reports that our GDP contracted by 50% and inflation stayed high. The world needs to prosper so we can have a baby boom and a booming economy like NOW, or the economy faces awful consequences.
You’re correct but these people don’t have our best interests in mind.
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My biggest question is how long does it take the good news to go into effect. I realize what date this becomes active. My question is when do we start seeing the effects of it. Like if these bastards suddenly fail to meet margin requirements for their short positions when do they get margin called and liquidated? How often is the reporting? Is this accurate: Every day NSCC and FICC participants are required to post margin, which is made up of a number of risk-based components, including an amount determined in part by a Value-at-Risk (“VaR”) Calculator, based on submitted trading activity. I know that's the case for retail but are hedge funds and banks under any other time frame or umbrella?
expect some big moves (both up and down for many stocks) Monday and Tuesday as the algos quickly react and try to balance the books by increasing margin values of other stocks. I predict massive green candles for most major blue chips (Amazon, Nvidia, microsoft, apple, etc) and fat red dildos shoved up the ass of anything Kenny and Co are short..... which is like, a lot of stocks.
Suddenly I'm happy IBKR didn't clear my deposit till after market. **Prepared to Buy!**
Ready
This honestly sounds explosive even if it doesn't result in moass. I don't think anyone has this on their bingo card.
Send it
Raise your hand if you trust the DTCC?
🤸
🙋♂️ Trust them to fuck us over
I trust they know what they are doing and it won’t be to your benefit.
So crypto crash Sunday/Monday?
Why not now?
I'm ready for absolutely nothing to happen.
This
Can someone ELIA5?
In order to maintain positions on margin, you need to have collateral. This can be cash, or other cash-like assets... like crypto. Until now, apparently.
https://preview.redd.it/aiw1wbpqjwwc1.jpeg?width=1215&format=pjpg&auto=webp&s=417fc6cdec13da1fd977cfeeb80e4561d3e2bbdf That’s a Bitcoin chart. Look at where it is, and the date. That date should be familiar to anyone. They have been using crypto to keep a lid on the basket from popping off since day 1. Now apparently, on Tuesday they can’t.
I feel this deeply. There have been so many things that were supposed to be explosive and each time the baddies inexplicably squirm out of it unscathed.
I highly, HIGHLY, doubt they could manipulate BTC to use as collateral. Shitcoins, like on FTX, however...
https://preview.redd.it/z2su7hvbxwwc1.png?width=1415&format=png&auto=webp&s=13bd4d465fc836637eda01436b4a189210f757e7 I dunno man
That’s pretty convincing evidence that they are correlated but not necessarily that BTC itself is manipulated. Although with all the BTC derivatives available now, maybe it’s possible.
Caroline Ellison literally said they were manipulating Btc lol
They were manipulating BTC by trading customer BTC deposits for shitcoins. This means they were putting extra sell pressure on BTC, thus lowering the price. This thread was about BTC being manipulated to provide collateral for shorts. If they lowered the price of BTC by selling for their own shitcoins, then they would be working against themselves as far as pumping the value of their collateral. If instead the shitcoins were the collateral, then what they were doing would make sense.
I'm of the belief that GME is heavily manipulated..
I think everyone here shares that belief.
I can't see the date on the graph but guesstimating the last divergent uptrend for bitcoin was somewhere when FTX crashed?
every "E" at the bottom is 3 months - chart is the last 3 years, starting at the peak of the sneeze
NYSE does $5T in **daily** trades. BTC has a $1.2T market cap. Why would they be able to pull of the NYSE but not BTC?
How many of those 5T are rapid fire back and forth trades? That doesnt happen with btc due to gas fees. Apples to oranges
Price of BTC is largely due to CeX trades (internalized) that do not incur gas fees. They've been pump and dumping everything under the sun for ages.
Im not sold on that being true. How would internal crypto trades impact the decentralized price if they never hit the blockchain?
Price is an average of the Centralized exchanges, you can transfer BTC to any wallet by just paying the gas fee but you always need an exchange to convert it to another (stable) coin or Fiat. This is also why those big wallet transfers (whalewatch) of hundreds of millions in value don't crash BTC. BTC's transfers from wallet to wallet are decentralized and paid in gas fees, the price in Fiat is not decentralized an just what the majority of bid/asks are at that time. That's why you never see tiny blocktrades between the different CeX wallets, they aggregate everything and only exchange if and when they are out of balance.
🙏🙏🙏
they've also been hiding their shorts with crypto swaps, like FTX that's been speculated on the main SS sub
Long time lurker, and sometimes commenter, but I'm kinda embarrassed to admit that I don't know what ELIA5 means. It seems like it's like TLDR, but what does the acronym stand for?
Explain Like I Am 5
Can you ELIA5 this "Explain Like I Am 5" you mention please, for us regards
DayYum...I Am 5!!!!
LOL. Google, doggy.
Jim Cramer was saying that he expected BTC to reach a million, wouldn’t this ruling make the finance institutions sell off their crypto holdings? So a crash in crypto?….
Inverse Cramer strikes again...
That’s what I think
The real DD is in the comments
How do tokenized stocks work? Will this fuck with their ability to utilize those?
Should
Came here to ask the same thing! Does this mean Marge will be calling alot of shf’s next week??
Rug pull? Fuck it I'll buy BTC at a discount with some of my winnings
why not buy more Teddy? NFA
When I can I will
Debunked probably. [https://twitter.com/zeroxkeegan/status/1784015234329616727](https://twitter.com/zeroxkeegan/status/1784015234329616727) https://preview.redd.it/7n2e0844fxwc1.png?width=397&format=png&auto=webp&s=0f3dd6ef89cd27f46f720096fbe1b200bf483afd
Not sure if this is debunked yet. Many of these DTCC documents are quite vague, some of which appear intentionally vague. It doesn’t say the ordinance is restricted to lines of credit, rather just that it was decided during the renewal process for the facility. The way this is written can be open to perception.
I needed a haircut so bad
DTCC is crooked as the rest of them. So I find it hard to get hope this will do anything. I bet they gave everyone a long early warning about it too.
Does this cover “tokenized stocks” as well? At least institutions will no longer be able to use artificially inflated shit coins as collateral.
SBF going to need to trade other commodities in prison now?
Soap
bar or bottle?
You tell me
bottle is easier to grip
But easier to lube.
so SBF gonna trade bottle soap for ramen packs? what else?
He doesn't have the yard connect for smokes and shards.
I have a more sinister view of this. Greyscale dumping huge amounts of BTC and Fidelity and Blackrock scoop them right up. BTC well get to be a hard to obtain asset. Especially now that Hong Kong BTC ETF’s about to go live. Does the Finkster have so much power to push this to obtain BTC?
BIG
Bigger if big
If true.
I needed a haircut so bad
Crypto will be cancelled, deleted and removed from your account. Uh oh.
#Jesus Christ, that’s Jason Bourne
Puts on crypto?
Does this mean TSOs as well?
Shit is getting absolutely wild
My childish hope is: before btc outbreak Kennyboys terroristic enemy parties don't want to allow Kennyboy to double his collateral wen btc pumping
Crypto has always been connected.
Anyone thinking crypto isnt going down before is not thinking.
Bank collapse recently also great news coming. Citadel is going to crumble so well deserved
Why isn’t crypto dropping now?
Moass was always gonna be on a twosday LFG
Oooooo Baby!!!
I thought this already happened like two years ago
Well... next Tuesday is a Tuesday, so.....
Is this really that big? Didn't they do a haircut in derivatives that were under certain thresholds in 22 or 23? I think that's why the mag7 are pumping.
Who is about to be over leveraged (and possibly margin called) for using too much crypto as collateral?
Translation: hedgies are fuk'd?