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You have all your money in Bitcoin so you are protected against inflation.
Core CPI is a total a 40 year high and accelerating.
Dominos is running … wonder why. The noid?
Is it time to buy the dip?
Quote:
Originally Posted by Kalam
https://www.youtube.com/watch?v=obAoPP1bdIM
Affectations or autism.
SBF wants to rake like the biggest casino on earth. He doesn’t want to actually play. That’s for the rubes.
Meanwhile, we’ll always have Paris. Sheesh folks still gonna be surprised.
Props to Sanlmar for accidentally foreshadowing the FTX fiasco... or perhaps not-so-accidentally.
In any case, this has become major enough to where it needs its own thread, so I moved it all here: https://pokerfraudalert.com/forum/sh...ut-to-collapse
When people look back on this in 5 years, I don't want them to have to search for page 402 of the bitcoin donkdown thread.
Bitcoins + Cramer
.
Is Gemini bitcoin still up and running?
Usually takes between 12-15 months to go from hi to low, historically speaking.
The high was last November, roughly 13 months ago.
Not unreasonable to say there could be a floor building here at 15,800-16,500
That is to assume all macro market conditions have remained the same - they have not. .Quote:
Originally Posted by Daly
Following the housing crash
Folks fearfully locked their wallets - which wasn’t good. The Fed incented us to part with our cash.
They also gave us free money to speculate with.
Folks got rich
People are slow to recognize free money. That was fine. You had a 15 years.
People want to make money
So they speculate
An industry was born.
Crypto
Rich people realized they were trading with no regulation and they dumpstered plebs over and over.
Now the Fed wants us to put our money away.
Free money has been replaced with increasingly more expensive money.
It is now a time to preserve your gains. Wealth preservation.
Unfortunately people are slower pick up on the new signals on the way down. Things happen quicker. They buy the dip.
Don’t fight the Fed.
Plebs get farmed. Such is life unfortunately.
Quote:
Originally Posted by all the burgers who didnt listen to sonatine
SFO
Quote:
Originally Posted by SanlmarThat is to assume all macro market conditions have remained the same - they have not. .Quote:
Originally Posted by Daly
Following the housing crash
Folks fearfully locked their wallets - which wasn’t good. The Fed incented us to part with our cash.
They also gave us free money to speculate with.
Folks got rich
People are slow to recognize free money. That was fine. You had a 15 years.
People want to make money
So they speculate
An industry was born.
Crypto
Rich people realized they were trading with no regulation and they dumpstered plebs over and over.
Now the Fed wants us to put our money away.
Free money has been replaced with increasingly more expensive money.
It is now a time to preserve your gains. Wealth preservation.
Unfortunately people are slower pick up on the new signals on the way down. Things happen quicker. They buy the dip.
Don’t fight the Fed.
Plebs get farmed. Such is life unfortunately.
You might be right. Im of the opinion BTC will make another ATH in the years to come.
More Pomp.
Most of these pumpers will fade away. Audience is broke
Bitcoin maxi larp
The total is 19,218,531.25 BTC (of 21 Million)
factor in siezed Bitcoins or that may be in Control of even Law Enforcement and there is probably lots less Supply left than many realize of Bitcoins Supply Dwindling in a Limited Supply equation Economically means Prince goes up. Id expect Bitcoin Price to shoot up at some point again, relative to Supply left when idk hit in head.
https://buybitcoinworldwide.com/how-...2C531.25%20BTC.
100k eoy
Quote:
Originally Posted by garrett
Ive read as many as 3M BTC are lost forever, mostly from the early years.
Ive read at 16K half of BTC owners are under water. As such a lot of demand to buy more has to be impacted, negatively. That said every day/week/month that goes by more people are becoming BTC users. As the Maxis say “its early”. Also true of corporate exposures. Demand over time is going to be overwhelmingly positive. Doesn't mean BTC cant go back to 3K. It does mean, in my opinion, we haven't see ln the last ATH and it wont take 10 years to happen.
Sub 20 I personally have seen enough to endorse owning .5 BTC even of you think it may go the way of a beanie baby. Risk reward much higher now than at 60K
“Dont fight the fed”Quote:
Originally Posted by SanlmarThat is to assume all macro market conditions have remained the same - they have not. .Quote:
Originally Posted by Daly
Following the housing crash
Folks fearfully locked their wallets - which wasn’t good. The Fed incented us to part with our cash.
They also gave us free money to speculate with.
Folks got rich
People are slow to recognize free money. That was fine. You had a 15 years.
People want to make money
So they speculate
An industry was born.
Crypto
Rich people realized they were trading with no regulation and they dumpstered plebs over and over.
Now the Fed wants us to put our money away.
Free money has been replaced with increasingly more expensive money.
It is now a time to preserve your gains. Wealth preservation.
Unfortunately people are slower pick up on the new signals on the way down. Things happen quicker. They buy the dip.
Don’t fight the Fed.
Plebs get farmed. Such is life unfortunately.
Wise words.
Fed also understands you cant have 31T of debt and have tax receipts fall off a cliff. They wont stay hawkish forever. We need expansion for it all to work.
New normal will be 750K houses up from 500K. $4 gas up from $3. $50K sedan up from $42K.
If the fed did nothing over the last 9 months we would have had 1M/$6/$60K…… that sort of inflation/expansion we couldn't live with.
Pension funds desperately chasing any kind of return was so pre housing crisis though.
Rhymes for sure
Central Capital control breeds more problems than it solves.
300m withdrawn from binance in last 24 hours
Have you done a Winkelvii wellness check?
Yes what is going on with gemini can you still deposit and withdraw?
Quote:
Originally Posted by sonatine
In cash or BTC
2.1 Bn usd in stablecoins have left binance in 24 hours
PocketchangeQuote:
Originally Posted by sonatine
Coinbase is down 85% YTD
I got not even a taste - you failed me Sonatine
I might or might not have been part of that.Quote:
Originally Posted by sonatine
probably nothing
https://twitter.com/Bitfinexed/statu...79251793063937
Bitfinexed sold his Bitcoin in early 2017 at $1000 and has been a hater ever since. He has been attacking crypto daily for 5 years.Quote:
Originally Posted by sonatine
hey bonertine remember when i sold everything when BTC was at 45k
i'm not college educated i'm just not a fucking retard
my dick is really big too it's 15 fucking inches
https://www.coindesk.com/business/20...rypto-clients/
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
Mazars has deleted Binance's proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized.
The only difference between crypto and banking is that the government didn't step in to bail out FTX.
The amount of greed and stupidity still surprises me daily when you hear more items about FTX. They had a golden cash cow and decided it wasn't enough.
Binance is Over-Collaterized Scammers as a whole in my own Bias for the United States admittedly viewQuote:
Originally Posted by sonatine
The world is very much a large place do get. The burden of Proof is coming down on them now Binance. And so too will on others. So they better all be ready now. The United State's Government is in Control know it now and why transactionally Decentralized Cryptocurrency is useful and of course great overall. The problem is how early on a vast majority maybe in Bitcoin basically thought because it was Decentralized so 'No Central Government' involved that meant its a free for all and they're invisible. Well Bitcoin transaction's can be reverse engineered some dont know or didn't. From locations starting point to end points, there's ways to sorta Engineer movements where when what wallet. All that fun Jazz and so reality is other than Monero which is and know to be Anon none are really and are Revese-Engineerable. So have fun right. Decentralization from a currency standpoint some here makes perfect sense and its the future way. Just some people are stuck on all they know or one way for maybe Boomers, all they think they need to know. So that makes sense too.
Have a nice day!