CryptoWhale Profile picture
Contrarian Investor | Finance | Sharing Stock + Crypto Trends, Dynamics & Cycles | Entrepreneur | Non-Biased/Non-Emotional Trading + #Cryptocurrency #Stocks
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4 Oct
On October 15th 2020, almost 150,000 #Bitcoin's are set to be sent back to customers that fell victim to the Mt. Gox exchange "hack' in 2013.

While this deadline has been moved back numerous times, it's important to consider the catastrophic impact it could have on the markets.
Mt. Gox used to be the largest bitcoin exchange in the world. It was responsible for more than 70% of #bitcoin transactions at its peak

"Hackers" allegedly stole 840,000+ $BTC, and after dozens of lawsuits, a rehabilitation plan was set up to compensate the victims.
Whether the old users will actually get their Bitcoin back will be determined on October 15th, but It's still important to keep this all in mind.

If 150,000 BTC is sold on the market, it would cause a brutal drop, and fear would quickly spread across the markets.
Read 5 tweets
24 Sep
European Union's recently proposed crypto regulations will likely have USA and other large economies following suit.

With 99.99% of coins on the market directly violating these regulations, I'm predicting we will probably see lots of fear/panic over the next several months.
Crypto regulations are bearish in the short/medium term.

The main group of people who want no regs are the owners of scam exchanges, scam coins, and ponzi schemes.

Regulations will put an end to that, and have capital flow out of the market as these players finally leave.
In the long run though, regulations are great, and will only help benefit coins that are actually legit.

Once these DeFi and ICO scams have been wiped out, and the markets aren't solely driven by greed, and speculation, we will likely get large inflows of new capital.
Read 4 tweets
22 Sep
What we're seeing now has many similarities to the Wall Street Crash of 1929. Here's why. Image
1. Dates

The Great Depression Started on September 4th, and continued until November 13, 1929.

The yearly top for stocks in the recession we are in now was also September 4th 2020. Many fearing a repeat crash, and bloody October.
2. Largest Bull Market

Prior to the Great Depression, was the roaring twenties. This was a period of prosperity, and optimism across America.

Over the last decade, we've had the longest bull market in history. Lots of prosperity, and economic growth!
Read 6 tweets
21 Sep
CRO & Celsius network provide a lending service where users can lock in their funds, and expect “guaranteed” interest.

This is the same business model that Bitconnect used, which is why I’ve always avoided them. Image
Here’s a brief overview of how lending schemes fall apart.

You lend them money, and they trade with it. This is very good for them during bull runs because they’re making lots of returns, and can provide you with the interest.
During reversals, and bear markets however, they likely face severe losses which means they can’t provide the “guaranteed interest”

Considering CRO, Celsius, and others are ERC-20 tokens that are unregulated, they could disappear without any real consequences.
Read 4 tweets
21 Sep
The recession isn't "over" like many bankers, and analysts claim. We haven't yet priced in the economic damages over decades of corruption/greed.

I was one of the few traders that predicted the extent of the recession before it even happened.

Here are my calls from Dec/Jan/Feb: Image
December 2019:

This was before Corona Virus even became public. I saw dozens of red flags in the market, and posted short calls.

I knew we would witness a huge recession at any moment, but wasn't necessarily sure what the cause would be (until a few weeks later)
January 2020:

I was actively following the virus when it first broke out in Wuhan China. I remember when there was only 30 cases, and now there is over 30 million cases.

I warned people it would get much worse, and called for a recession because of it. Lockdowns, panic, etc...
Read 6 tweets
15 Sep
𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗧𝗶𝗽 - 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 🎯

Risk Management is the most important and misunderstood topic in Investing.

This thread will talk about how to effectively manage risk, and avoid substantial losses.
𝟭. 𝗦𝘁𝗼𝗽 𝗟𝗼𝘀𝘀𝗲𝘀

A stop-loss is designed to limit an investor's loss on a position that makes an unfavourable move.

One key advantage of using a stop-loss order is you don't need to monitor your trades daily.
A stop loss must be based on 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴.

A stop loss must be placed at the 𝘪𝘯𝘷𝘢𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯 𝘭𝘦𝘷𝘦𝘭.

This is the price point which your thesis is 𝘱𝘳𝘰𝘷𝘦𝘯 𝘸𝘳𝘰𝘯𝘨.
Read 11 tweets
15 Sep
VS

I'm a fan of both NEO and ETH, but these two coins have had a long standing rivalry.

This thread will briefly compare the two, as well as share some of my price predictions for NEO's short term future. Image
Deemed as the "ETH Killer", this cryptocurrency surpassed everyones expectations during its 111,400% rise in 2017.

Following the bubble pop in 2017, we've been on a downwards spiral. Dropping over 95%.

This pattern has been seen amongst most alts.


Similar to my BTC prediction, I'm expecting a correction in the near future.

NEO is up 350%+ from where I told people to buy in March, and I've taken profits on this, waiting to buyback lower. Image
Read 11 tweets
14 Sep
𝗧𝗵𝗿𝗲𝗮𝗱 𝗼𝗻 𝐗𝐑𝐏/𝐑𝐢𝐩𝐩𝐥𝐞 🐳

I've been an active $XRP Investor since 2013. I've spent lots of time researching + comparing alt coins, and have XRP ranked at the top.

$XRP is promising project, with an even more promising future for long term Investors, here's why:
#XRP is a digital asset utilizing Distributed Ledger Technology like #Bitcoin but that's where the similarities stop.

🕒XRP is x1000 faster than $BTC (3-4 seconds)
💰XRP is x1000 cheaper than $BTC (> $0.01)
🌳XRP is better for the environment (no mining)
⚖️XRP is more scalable
Ripple is the 𝕆ℕ𝕃𝕐 company on the market that is actively pushing for regulations.

They've been working closely with government agencies to ensure they are fully compliant.

This gives XRP a huge advantage compared to other alts which will eventually vanish.
Read 8 tweets
1 Sep
There’s over 500 new “DeFi” tokens created in the last month that all claim to be innovative and ground breaking.

This is exactly what we saw during the 2017 ICO bubble.

For people that weren’t around then, let me remind you what happens.
Once the hype dries up sometime this year, the owners of the coins (who BTW hold 70-90% of the coins supply) will sell their bags.

This massive selling pressure will make the scam coins drop over 99% from ATHs.
Don’t just buy into something blindly because it’s green.

People will often open positions that match general sentiment.

“If everyone else is buying, I should to! I wouldn’t want to miss out”

Control your emotions and avoid gambling on scams.
Read 4 tweets
23 Aug
🚨 PONZI SCHEME 🚨

The lack of government oversight and cryptocurrency regulations have created a breading ground for scams.

HEX Coin is just one of thousands of active scams on the market, and is 100% a Ponzi Scheme that takes advantage of inexperienced Investors. Image
Richard Heart is a career criminal with a very shady past.

- Four Major Felonies
- Jail Time Served
- Ran spam scheme website in 2005, sued (and lost)
- History of Fraudulent Behaviour
- History of forging fake IDs
- Robberies in Panama.
The Token is an ERC-20 Token.

For those that don't know: To create a token on the Ethereum Network it takes less than 30 minutes. Throw in a website, and some false promises, and you are done!

The coin offers no real function, or value in the real world.
Read 7 tweets
18 Aug
ChainLink Bubble [THREAD]

For months we’ve watched grow exponentially. It’s price has shot well beyond its intrinsic value through DeFi hype, and greed.

This thread will touch on some points I think all holders should read before falling victim to the Bubble.
First let’s discuss how bubbles are formed:

A bubble is where investors buy an asset, not for its fundamental value, but because they plan to resell, at a higher price, to the next investor. Image
I’m going to go over several aspects that take place during bubbles, and are present in #ChainLink (along with many other DeFi projects):
Read 12 tweets
16 Jul
🚨 STOCK MARKET BUBBLE 🚨

Over the last 3 months, we've seen 40% increase in retail investors buying into the market. Everyone is buying the tops because of inconsistent views about the future.

Most stocks are well above their intrinsic value! Image
What is a Bubble?

This is the textbook definition of a bubble. Unfortunately most of the market is uneducated on this, having never experienced one before. ImageImage
The economy is in its worst state in over 100 years.

Yet, so many people are trying to enter long positions.

Read 4 tweets
8 Jul
Human psychology is studied by many investors because of how influential it is on ones trading behaviour.

It's something that every good investor should learn about.

This thread will provide 8 tips for effectively controlling your emotions while trading.
1. Make sure to not over trade:

Often when someone is on a winning streak, they will feel invincible. They will open several more trades as they think they will all be winners as well.

This over-confidence often results in massive losses
and sometimes erase all prior gains
2. Don't stare at profit/loss while trading:

People who do this experience a surge of emotions. To most traders, this figure is an expression of ones success.

As long as you have stop losses set, and are following trading rules, you are protected.
Read 10 tweets