https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html

--

John Larkin Highland Technology, Inc

The best designs are necessarily accidental.

On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html

Classic pump and dump.

On Tue, 25 May 2021 09:27:53 -0700 (PDT), Ed Lee
<edward.ming.lee@gmail.com> wrote:

>On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
>> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
>
>Classic pump and dump.

I'm always impressed by how little politicians and economists seem to
care about system dynamics. They seem to enjoy and encourage boom/bust
cycles.

On 5/25/2021 20:39, John Larkin wrote:
> On Tue, 25 May 2021 09:27:53 -0700 (PDT), Ed Lee
> <edward.ming.lee@gmail.com> wrote:
>
>> On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
>>> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
>>
>> Classic pump and dump.
>
> I'm always impressed by how little politicians and economists seem to
> care about system dynamics. They seem to enjoy and encourage boom/bust
> cycles.
>

I suppose it is in the very nature of life to not allow a comfortable
zone for anyone for too long, so these cycles may be just a
manifestation of that.

On 2021-05-25 19:39, John Larkin wrote:
> On Tue, 25 May 2021 09:27:53 -0700 (PDT), Ed Lee
> <edward.ming.lee@gmail.com> wrote:
>
>> On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
>>> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
>>
>> Classic pump and dump.
>
> I'm always impressed by how little politicians and economists seem to
> care about system dynamics. They seem to enjoy and encourage boom/bust
> cycles.
>

I think the golden boys thrive on a bit of mayhem. There is no
point in trading assets if the rates don't move.

Jeroen Belleman

On Tue, 25 May 2021 21:22:01 +0200, Jeroen Belleman
<jeroen@nospam.please> wrote:

>On 2021-05-25 19:39, John Larkin wrote:
>> On Tue, 25 May 2021 09:27:53 -0700 (PDT), Ed Lee
>> <edward.ming.lee@gmail.com> wrote:
>>
>>> On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
>>>> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
>>>
>>> Classic pump and dump.
>>
>> I'm always impressed by how little politicians and economists seem to
>> care about system dynamics. They seem to enjoy and encourage boom/bust
>> cycles.
>>
>
>I think the golden boys thrive on a bit of mayhem. There is no
>point in trading assets if the rates don't move.

Like having a peak-to-peak money rectifier.

>
>Jeroen Belleman

"Hindsight is not equal to foresight."

There seems to be a natural trend to say "I could have bought xxx
stock at 15 cents and I'd be rich now", and then think you can do
something like that now. Another instinct is to buy on the up-slope
because everyone else is doing it.

I guess the banks and brokers are happy to have the day-traders go
broke periodically, since the big boys wind up with their money.

Lots of laws and regulations could be changed dampen the system.
Hardly anyone talks about that.

jlarkin@highlandsniptechnology.com wrote:

> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html

It happens way too slow for a doomsday scenario. Classic correction, yet
pretty deep.

Best regards, Piotr

On Wednesday, May 26, 2021 at 3:39:38 AM UTC+10, John Larkin wrote:
> On Tue, 25 May 2021 09:27:53 -0700 (PDT), Ed Lee
> <edward....@gmail.com> wrote:
>
> >On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
> >> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
> >
> >Classic pump and dump.
>
> I'm always impressed by how little politicians and economists seem to
> care about system dynamics. They seem to enjoy and encourage boom/bust
> cycles.

They don't. John Larkin thinks that Keynes was wrong (and consequently thinks that the techniques that have been used dampen boom-bust oscillations for some sixty years now don't actually work).

https://en.wikipedia.org/wiki/Daniel_Kahneman

who is a psychologist, got the 2002 Nobel Prize in Economics for spelling out the mechanism that drives the alternation between boom and bust. Keynes exploited the same insight (not formally spelled out) to work out what to do to damp them a whole lot earlier. There are a bunch of economists who are addicted to mathematically tractable - but unrealistic - mathematical models of the economy, who consequently reject Keynes and right-wing lunatics are still taking them seriously.

--
Bill Sloman, Sydney

John Larkin wrote:
>
> "Hindsight is not equal to foresight."
>
> There seems to be a natural trend to say "I could have bought xxx
> stock at 15 cents and I'd be rich now", and then think you can do
> something like that now. Another instinct is to buy on the up-slope
> because everyone else is doing it.
>
> I guess the banks and brokers are happy to have the day-traders go
> broke periodically, since the big boys wind up with their money.
>
> Lots of laws and regulations could be changed dampen the system.
> Hardly anyone talks about that.

Removal of regulations can also dampen it, because they sometimes
prevent the market from dampening it. Real estate prices went up 30% and
then crashed, but only 3% in places that have no zoning laws. They were
free to build to make the supply equal to the rising demand.

--
Defund the Thought Police

On 5/25/2021 12:39 PM, John Larkin wrote:
> On Tue, 25 May 2021 09:27:53 -0700 (PDT), Ed Lee
> <edward.ming.lee@gmail.com> wrote:
>
>> On Tuesday, May 25, 2021 at 9:06:24 AM UTC-7, jla...@highlandsniptechnology.com wrote:
>>> https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
>> Classic pump and dump.
> I'm always impressed by how little politicians and economists seem to
> care about system dynamics. They seem to enjoy and encourage boom/bust
> cycles.
>
Boom and Bust, whatever, just let me know a month ahead!

Actually had that happen in 2000, I got a market letter and the author
sent out a

special alert mid month and said sell everything, I did, about a month
later the large downturn

started. I'm very seriously thinking it's time to reduce my exposure to
stocks.

It's been to good to long.

When I make the move a small part of it will be put into GLD, the rest I
may just hold as cash.

--
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