Was about to post this but you beat me.
Popcorn out in my discord’s watching real time. Many guys starting to short as well. Although also talk of major short squeeze
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Was about to post this but you beat me.
Popcorn out in my discord’s watching real time. Many guys starting to short as well. Although also talk of major short squeeze
Buy the dip? (Something is giving me the feeling I am going to have a lot of opportunities to ask this question in the near future)Quote:
Originally Posted by sonatine
solana down 30% in minutes
its happening
I admit I dont understand most of the posts, but I follow Bob Haralobob on Twitter (mainly for basketball related posts) and he has been active this morning giving his thoughts. He is always a good twitter read, I just wish I understood the topic better. The last few times he has been on Simmons podcast Bill has basically asked him to do some sort of "Crypto pod for dummies", and he has always been noncommittally semi enthusiastic about it. Probably isn't worth the effort to him.
Imagine buying luna earlier today expecting a bounce and you are down 95% in less than 24 hours... screams. Luna is gone... nothing can save it again.
Do Kwon has capitulated. Luna is gone. They want to change UST to collaterized stables instead of algo. Luna will be delisted on cexes soon
Quote:
Originally Posted by BetCheckBet
lol if it recovers it recovers but id like someone to show me the heatmap where we see enough short positions to generate a whole ass squeeze.
the legacy of the WSB/GME debacle is every time a fucking security recovers/reverses its suddenly a 'squeeze'.
the hot goss is that the unknown actor(s) was blackrock/citadel and i think thats not exactly impossible but every crypto / memestock conspiracy theory on earth seems to involve blackrock and citadel so im kinda skeptical.
Just a reminder that there are enough casinos and "regular" financial instruments in the world where you can light your $$$ on fire.
Luna has "rebounded" from 84 cents to $3.69.Quote:
Originally Posted by BetCheckBet
UST is now $0.472 after a low of $0.299.
Not sure what that means, maybe a dead cat bounce of some sorts.
There are a lot of very smart people who made 25M in “crypto” over the last few years that are still up $12.5M this morning that are starting to figure out having a guaranteed 12.5M isn’t such a bad thing and a whole lot better than 0.
Be some money to be made as not every one of these will go to zero this week but there is no federal reserve rushing in to protect this. People are going to get rect.
I wouldn’t rush in this morning, falling knife and all of that, but there is a BTC buy in my future.Quote:
Originally Posted by Kalam
I’m still hearing a lot of wait until low 20ks to buy Bitcoin.
https://www.coindesk.com/tech/2022/0...olleagues-say/
Both Kang and the anonymous employee tell CoinDesk Kwon was “Rick Sanchez,” the pseudonymous co-founder. CoinDesk also reviewed internal “Basis Cash Korea (BCK)” chat logs in which Kwon alludes to himself as “Rick.”
Quote:
Originally Posted by Daly
imagine the people who were up 25m at 60k but on 2x margin.
Anyone want to take a guess how much coin the Icon has hemorrhaged the past year? I mean you know he is BTC 4 life and never sold but off a small portion right? Buying "dips" in the high 30's probably?
Micon is set for life. Having a child and a wife greatly reduces risks you take. He’s likely already taken out several hundred thousand d into his daughters education savings and paid off his house if not bought multiple others.Quote:
Originally Posted by NaturalBornHustler
Also
I was last friends with him 11 years ago, before the kid was born, so I'm going by what I knew of him then.Quote:
Originally Posted by BetCheckBetMicon is set for life. Having a child and a wife greatly reduces risks you take. He’s likely already taken out several hundred thousand d into his daughters education savings and paid off his house if not bought multiple others.Quote:
Originally Posted by NaturalBornHustler
I'm guessing that he and his wife have plenty of "disagreements" regarding how much should be left in crypto, and how much taken out as savings for the family. He probably has the upper hand in these discussions because he was the one who made the money in the first place.
I am very curious how much was actually set aside, and if they have some agreement that he cashes out X amount whenever it crashes. Doubt we will ever get the answer to this, though.
He was big on BCH as of 2017. It took a huge beating in the past year, losing like 85% of its value. I know he collected NFTs also, and perhaps he diversified into other crypto and did well. Big mystery how rich he actually is, to be honest.
Can someone explain to me what an NFT is? I googled it still don't comprehend it.
Speaking of mining & NVDA.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Daly
imagine the people who were up 25m at 60k but on 2x margin.
One hell of a call yesterday my man. NVDA cratered. Appreciate you planting the bug in my ear
I just know that the "last time" it went into the 30's the BTC maxi's were "I'm going all in......time to load up...." etc. Remember these are the people that thought 100k was just a matter of time. The Icon is DEF one of those people. He was/is as die hard as it gets. BTC made him rich. Is it really in him to be "safe" and protect the family, or keep pushing the fucking envelope? Remember BTC made him a genius as well. I also think he is totally capable of making money on the NFT garbage so who knows.Quote:
Originally Posted by Dan DruffI was last friends with him 11 years ago, before the kid was born, so I'm going by what I knew of him then.Quote:
Originally Posted by BetCheckBet
I'm guessing that he and his wife have plenty of "disagreements" regarding how much should be left in crypto, and how much taken out as savings for the family. He probably has the upper hand in these discussions because he was the one who made the money in the first place.
I am very curious how much was actually set aside, and if they have some agreement that he cashes out X amount whenever it crashes. Doubt we will ever get the answer to this, though.
He was big on BCH as of 2017. It took a huge beating in the past year, losing like 85% of its value. I know he collected NFTs also, and perhaps he diversified into other crypto and did well. Big mystery how rich he actually is, to be honest.
Edit...28k???? This is worse than a bloodbath. Holy shit
I staked 2.5 ETH on coinbase a while back feeling like such a retard. sonatine promised 10k eth eoy fuck him and fuck the left
It may have been Citadel Securities or another big hedge fund company that was able to bring Bitcoin down because they have a huge short against it.
Micon cashed out of Bitcoin, years ago.
All his money is in green frog pepe NFT's.
https://media3.giphy.com/media/uUIFc...iphy.webp&ct=g
Quote:
Originally Posted by TheXFactor
right right plus they have those jewish space lasers they could have used to degausse the hard drives that stored do kwan's algs.
I can't even remember the last time crypto tanked by 60%.
Oh wait ....
It wouldn't surprise me if the Illuminati were somehow invoved trying to artificially enhance the U.S. dollar.
https://cdn.vox-cdn.com/thumbor/RdjG...larpyramid.jpg
Quote:
Originally Posted by TheXFactor
I’d be winning to wager a modest amount of your fiat of choice we will have a digital dollar inside of 10 years. Be willing to do the degree all in moment if we bump out the horizon to 25 years.
It’s clear that we have a inflation issue. It’s also clear that we can’t raise interest rates to any sort of meaningful level due to the debt level and the related amount of tax receipts.
Right now they are experimenting with the rate bullets they got plus taking away liquidity.
Once they got this sorted out over the rest of the year or so they going to need to figure out what the next steps are and the digital dollar will be part of it.
Be interested to see if we ask the Euros to give this a stab first. China might as well, but I don’t think so for some reason.
@Daly
CBDC in 10 years?
Give the other side a sporting chance and offer 5.
Recall I am/was basically a luddite when it came to digital currency. I do know which way the wind blows, however. Not gonna be good.
anyone know how REDACTED is going these days ?
I think the offers for the domain name are gonna dry up.Quote:
Originally Posted by JACKDANIELS
When you are effectively already at Zero, crashes don't affect you:Quote:
Originally Posted by JACKDANIELS
EDIT: Peak (0.00015) to trough (0.00000064360), that is a 99.6% loss of value.
Does anyone think Coinbase is a risk right now? They own a ton of crypto and must be losing a fortune. I have no holdings in crypto but do have a sum of cash sitting there at Coinbase.Quote:
Originally Posted by SanlmarI think the offers for the domain name are gonna dry up.Quote:
Originally Posted by JACKDANIELS
The financial system can’t build the rails fast enough for a 5 year rollout. The fed can build the train in a year.Quote:
Originally Posted by Sanlmar
Cash safe, coinbase pretty reliableQuote:
Originally Posted by country978Does anyone think Coinbase is a risk right now? They own a ton of crypto and must be losing a fortune. I have no holdings in crypto but do have a sum of cash sitting there at Coinbase.Quote:
Originally Posted by Sanlmar
I don’t know whether it will be the Treasury or the Fed. Don’t kid yourself, the race is on with eCYN, China’s digital yuan. Executive Orders have been issued. 140 million Chinese wallets already. As a side note, China has done a sign up bonus ($31). Lol, no play thru.Quote:
Originally Posted by DalyThe financial system can’t build the rails fast enough for a 5 year rollout. The fed can build the train in a year.Quote:
Originally Posted by Sanlmar
18-24 months.
………….
Now we get to the fun stuff. The existence of the CBDC is in direct opposition to the private financial system (whatever that is) . This provides the vehicle for central planning and control the likes of which should frighten you - perhaps especially as a bank employee. Just for sport I can spin an argument that there will be little need for consumer banks. Now I’m just getting ornery.Quote:
financial system can’t build the rails fast enough for a 5 year rollout
CBDC will come and no one will care or be concerned. The unbanked will be saved. It will be a liberal utopia.