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Thread: Bitcoins are officially donkdown

  1. #7621
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by The Boz View Post
    That said, I’m sure Micon isn’t hurting and is still laughing this thread.
    He has extremely rich friends too. He has a platinum covered network.

  2. #7622
    Plutonium Sanlmar's Avatar
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    Good news!

    Jerome Powell: “Fed digital dollar could coexist with private stablecoins.”

  3. #7623
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    Been putting every penny I have into BTC/ETH the past couple weeks. Finally cracked 43k and made it to 44k briefly. ETH following suit.

  4. #7624
    Platinum BetCheckBet's Avatar
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    Warning don;t know shit about this but my crypto guy is telling me its worth the risk at 19 dollars.

    https://coinmarketcap.com/currencies/near-protocol/

  5. #7625
    Diamond TheXFactor's Avatar
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    A note to my future self...

    It's 2013, my former friend Bryan Micon got involved in Bitcoin back in 2011 when it was $5 a token. He gave away Bitcoins to get players involved in his poker site SealsWithClubs. I would not be surprised if Micon gets charged with a crime someday. Bitcoin is now over $100 a coin. It doesn't take a genius to see where this is heading. Bitcoin is going to zero. It's a fucking ponzi scam. I must sell every Bitcoin I have immediately.



  6. #7626
    Gold Shizzmoney's Avatar
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    Crypto.com said Monday that it stopped all deposits and withdrawals while it investigates “unauthorized activity” on some accounts.

    The crypto wallet provider and trading platform said in a Twitter post that the measure was temporary to allow it to improve security and it would resume activity once the update was complete. The company added that all funds are safe.
    https://www.latimes.com/business/sto...rized-activity
    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

  7. #7627
    Gold Shizzmoney's Avatar
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    Crypto.com, which froze withdrawals yesterday, announced that someone hacked the platform for $15 million in ether (4,600 ETH).
    https://www.coindesk.com/business/20...-tornado-cash/
    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

  8. #7628
    Plutonium Sanlmar's Avatar
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    Well, the Fed released their paper on Central Bank Digital Currencies. CBDC. I have written about this and received universal yawns. It’s coming. We might be last. Others countries are working on it, China might be further along with their trial. It’s coming.

    I read the Russian Comptroller of the Currency nominee’s paper so I will take my time on this. I know what they want.

    To the Feds credit they want Congress to approve it. They didn’t have to pander to the public opinion.

    I wonder what role that played in the BTC tankeroo. I know that getting kicked in the groin is all you care about.

    All the speculative stuff is rolling back. It’s never one thing.

  9. #7629
    Owner Dan Druff's Avatar
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    Guess who decided to make a poker withdrawal this morning in BTC, noting that it seemed stable enough as of late?


     
    Comments
      
      Sanlmar: Still cheaper than taxes on a legal site. Ouch tho

  10. #7630
    Plutonium sonatine's Avatar
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    $246m wiped from crypto market in the last 24 hours.


    we're gonna need a bigger kermit.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  11. #7631
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by sonatine View Post
    $246m wiped from crypto market in the last 24 hours.


    we're gonna need a bigger kermit.
    I know you are a traditionalist but can’t we work up some Matt Damon? I imagine Reddit must be doing some important work with this.

  12. #7632
    Gold The Boz's Avatar
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    Quote Originally Posted by sonatine View Post
    $246m wiped from crypto market in the last 24 hours.


    we're gonna need a bigger kermit.
    Considering Netflix lost over $100 BILLION in value in the last few weeks, that’s nothing.

  13. #7633
    Plutonium sonatine's Avatar
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    Quote Originally Posted by The Boz View Post
    Quote Originally Posted by sonatine View Post
    $246m wiped from crypto market in the last 24 hours.


    we're gonna need a bigger kermit.
    Considering Netflix lost over $100 BILLION in value in the last few weeks, that’s nothing.

    if only someone ran a finance forum where there was a thread going into this.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  14. #7634
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by The Boz View Post
    Quote Originally Posted by sonatine View Post
    $246m wiped from crypto market in the last 24 hours.


    we're gonna need a bigger kermit.
    Considering Netflix lost over $100 BILLION in value in the last few weeks, that’s nothing.
    I raise.

    The crypto market has lost $1.2 TRILLION in the past 74 days.

  15. #7635
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    No bounce off of 38.5k is very concerning. People should be flooding in buying at that number. I did. Could be here a while

  16. #7636
    Plutonium Sanlmar's Avatar
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    There was unfathomable monetary expansion and now the spigot is being slowly shut off as inflation etc is looking to wreck us.

    Ironically, bullshit fiat creation benefitted BTC price. All that cash was looking for a place to gamble

    You are fighting a tough headwind but there is always price discovery and volatility. Stay nimble. The mood will shift again.

    I overlooked Russia threatening to cancel BTC but I’ve heard that endlessly.

  17. #7637
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Sanlmar View Post
    There was unfathomable monetary expansion and now the spigot is being slowly shut off as inflation etc is looking to wreck us.

    Ironically, bullshit fiat creation benefitted BTC price. All that cash was looking for a place to gamble
    i feel like this is the thesis the academics cooked up but it somehow never panned out, hence btc being pegged pretty consistently to overall market disposition.

    see also: gold
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  18. #7638
    Diamond Pro Zap_the_Fractions_Giraffe's Avatar
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    having 2.5 eth locked in staking my used MX5 is now a new Ninja 400, will be a Huffy before i'm allowed to sell

  19. #7639
    Platinum BetCheckBet's Avatar
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    Lots of accounts gonna be crushed on margin calls

  20. #7640
    Owner Dan Druff's Avatar
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    Quote Originally Posted by BetCheckBet View Post
    Lots of accounts gonna be crushed on margin calls
    Yeah didn't even think of this, but totally true.

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