Bitcoins are officially donkdown

[FRANKRIZZO]

Can someone explain to me what an NFT is? I googled it still don't comprehend it.

[Sanlmar]

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.

imagine the people who were up 25m at 60k but on 2x margin.

Speaking of mining & NVDA.

One hell of a call yesterday my man. NVDA cratered. Appreciate you planting the bug in my ear

[NaturalBornHustler]

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.

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.

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.

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.

Edit...28k???? This is worse than a bloodbath. Holy shit

[gut]

[TheXFactor]

[Zap_the_Fractions_Giraffe]

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

[TheXFactor]

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.

[sonatine]

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.

right right plus they have those jewish space lasers they could have used to degausse the hard drives that stored do kwan's algs.

[Belly Buster]

I can't even remember the last time crypto tanked by 60%.


Oh wait ....

[TheXFactor]

It wouldn't surprise me if the Illuminati were somehow invoved trying to artificially enhance the U.S. dollar.

[Daly]

It wouldn't surprise me if the Illuminati were somehow invoved trying to artificially enhance the U.S. dollar.

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.

[Sanlmar]

@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.

[JACKDANIELS]

anyone know how REDACTED is going these days ?

[Sanlmar]

anyone know how REDACTED is going these days ?

I think the offers for the domain name are gonna dry up.

[Forum Wars]

anyone know how REDACTED is going these days ?

When you are effectively already at Zero, crashes don't affect you:




EDIT: Peak (0.00015) to trough (0.00000064360), that is a 99.6% loss of value.

[country978]

anyone know how REDACTED is going these days ?

I think the offers for the domain name are gonna dry up.

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.

[NaturalBornHustler]

Embedded Tweet

https://twitter.com/Bitcoin/status/1524621830148943872

[Daly]

@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.

The financial system can’t build the rails fast enough for a 5 year rollout. The fed can build the train in a year.

[FRANKRIZZO]

I think the offers for the domain name are gonna dry up.

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.

Cash safe, coinbase pretty reliable

[Sanlmar]

@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.

The financial system can’t build the rails fast enough for a 5 year rollout. The fed can build the train in a year.

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.

18-24 months.
………….

financial system can’t build the rails fast enough for a 5 year rollout

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.

CBDC will come and no one will care or be concerned. The unbanked will be saved. It will be a liberal utopia.