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Thread: Bitcoins are officially donkdown

  1. #7881
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Sonatine and PLOP are gonna yield farm US Treasuries next

    i literally made a hilariously cynical joke to my therapist about pivoting to 90 day treasury bills as a hedge yesterday.
    "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

  2. #7882
    Diamond TheXFactor's Avatar
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      Forum Wars: Ha Ha Hee!

  3. #7883
    Plutonium Sanlmar's Avatar
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    So MicroStrategy collateralized their margin call on Bitcoin with Bitcoin? Maybe that’s why it tanked yesterday.

    Is SBF a sociopath posing as an autist?

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  4. #7884
    Master of Props Daly's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by simpdog View Post

    You donít think we are already there?
    Iím talking Old Testament capitulation

    sub 1k ETH
    sub 20k BTC

    Looking ripe

    I have absolutely no one I follow and am pretty cold with crypto so I actually like my perspective. I categorically refuse to look at Reddit. My mind is pure

    Impossible to call the bottom here but you canít find 2 bulls in this space right now.

    My guess is if you swiped up 5 BTC now at some point over the next 5 years you will be very happy.

  5. #7885
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Sanlmar View Post
    So MicroStrategy collateralized their margin call on Bitcoin with Bitcoin? Maybe thatís why it tanked yesterday.

    Is SBF a sociopath posing as an autist?

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    or..


    hear me out...


    OR......


    its a fucking ponzi and this is what ponzis do.
    "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

  6. #7886
    Plutonium Sanlmar's Avatar
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    Iím living a dual existence so forgive me.

    Did we cover the Mark Cuban rug pull yet?

  7. #7887
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Sanlmar View Post
    So MicroStrategy collateralized their margin call on Bitcoin with Bitcoin? Maybe thatís why it tanked yesterday.

    Is SBF a sociopath posing as an autist?

    Name:  BD09AB2C-5401-43C6-AFA1-F538E89152A8.jpeg
Views: 302
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    or..


    hear me out...


    OR......


    its a fucking ponzi and this is what ponzis do.
    The question being posed is

    SBF
    [ ] hero
    [ ] villain

    I entered a write in vote ďsociopathĒ cause he knowingly stole but somehow felt he was the righteous man. QE brought out the worst in men.

    Mt. Gox is positively quaint looked upon through the telescope of history.

  8. #7888
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by Sanlmar View Post

    I’m talking Old Testament capitulation

    sub 1k ETH
    sub 20k BTC

    Looking ripe

    I have absolutely no one I follow and am pretty cold with crypto so I actually like my perspective. I categorically refuse to look at Reddit. My mind is pure

    Impossible to call the bottom here but you can’t find 2 bulls in this space right now.

    My guess is if you swiped up 5 BTC now at some point over the next 5 years you will be very happy.
    They said the same thing about NetScape (Navigator). Apt comparison

  9. #7889
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    Quote Originally Posted by Sanlmar View Post
    Iím living a dual existence so forgive me.

    Did we cover the Mark Cuban rug pull yet?
    What did Cuban do??

  10. #7890
    The coming crypto winter may well provide a buying opportunity but remember Baron Rothschild's maxim: "the time to buy is when there's blood in the streets." We're not nearly at that stage yet.

  11. #7891
    Gold Forum Wars's Avatar
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    Quote Originally Posted by ShawnFanningsLimpDick View Post
    The coming crypto winter may well provide a buying opportunity but remember Baron Rothschild's maxim: "the time to buy is when there's blood in the streets." We're not nearly at that stage yet.
    The thing to remember is crypto isn't doing anything for society except perhaps allowing people to cross borders without their illicit funds on their person (or use the banking system which triggers global reporting) and get money onto poker/gambling sites.

    We had no crypto, basically, a decade ago and now that we have it, those two things above are their only use. Both are marginally important.

    We don't need crypto. These are not stocks. There are 19,000 cryptos...and you or I could get a guy on fiverrr to make us another one in a morning. They're pretty unimportant and that should be clear as day by now.

  12. #7892
    Platinum BetCheckBet's Avatar
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    Quote Originally Posted by ShawnFanningsLimpDick View Post
    The coming crypto winter may well provide a buying opportunity but remember Baron Rothschild's maxim: "the time to buy is when there's blood in the streets." We're not nearly at that stage yet.
    Not great advice for pyramid schemes...

  13. #7893
    Platinum BetCheckBet's Avatar
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    Quote Originally Posted by Forum Wars View Post
    Quote Originally Posted by ShawnFanningsLimpDick View Post
    The coming crypto winter may well provide a buying opportunity but remember Baron Rothschild's maxim: "the time to buy is when there's blood in the streets." We're not nearly at that stage yet.
    The thing to remember is crypto isn't doing anything for society except perhaps allowing people to cross borders without their illicit funds on their person (or use the banking system which triggers global reporting) and get money onto poker/gambling sites.

    We had no crypto, basically, a decade ago and now that we have it, those two things above are their only use. Both are marginally important.

    We don't need crypto. These are not stocks. There are 19,000 cryptos...and you or I could get a guy on fiverrr to make us another one in a morning. They're pretty unimportant and that should be clear as day by now.
    Yes it's quite clear that in ten plus years crypto has not created anything of value outside of pyramid schemes or unregulated currency. That's not too say blockchain does not have benefits but we have yet to really see that. In most cases its extremely inefficient.

  14. #7894
    Plutonium Sanlmar's Avatar
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    I see that autist SBF is still running his FTX ads with Larry David (funny ad btw) during MLB games. Autism prevents him from reading the room, I suppose.

    Theoretically, you don’t get capitulation until the market stops pumping an asset. Ideally, it perks up when everyone has moved on. That’s the magic moment.

    We are a long way from that. If ever.

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    CBDC isn’t a chewable & it’s coming

  15. #7895
    Diamond TheXFactor's Avatar
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  16. #7896
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by Sanlmar View Post

    I’m talking Old Testament capitulation

    sub 1k ETH
    sub 20k BTC

    Looking ripe

    I have absolutely no one I follow and am pretty cold with crypto so I actually like my perspective. I categorically refuse to look at Reddit. My mind is pure

    Impossible to call the bottom here but you can’t find 2 bulls in this space right now.

    My guess is if you swiped up 5 BTC now at some point over the next 5 years you will be very happy.
    Name:  A6EA4208-AE5F-4599-8942-CE2CA142F9D8.jpeg
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    I think people have some strong feelings about the bottom

    We breached $20k which was considered technical support by everyone. $12k is considered the next serious support. Problem is everyone can read a chart these days and hitting $12k will likely trigger MOAB buying. $12k will last for seconds.

    Leave some money for another tranche of buying big guy

    I’m far more interested in the war on a second front Black Swan. NOBODY IS PRICING THE TAIWAN RISK IN. I can’t quite nuke it out (pun) but I think building chip fabs and reclaiming production from China is welcomed by the powers to be including the Pentagon so we will likely send ships thru the straights just to show them who is boss. Biden has shown he’s excellent with diplomacy (wink & lulz).

    War with China isn’t necessarily unwanted by all

    The good news for you is the next round of QE will provide for a Bitcoin bubble sequel

    Chaos is just what is needed to enact major changes. But you see that already don’t you

    The Su Zhu 3AC crypto Ponzi has Dog the Bounty Hunter searching for his ass. There is no fucking way Elizabeth Warren and her kin aren’t coming for ya…. speaking of chaos harnessed for change

    CBDC ain’t a chewable
    Last edited by Sanlmar; 06-18-2022 at 12:21 AM.

  17. #7897
    Plutonium Sanlmar's Avatar
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    If I withdrew some of my Kershaw money to BTC what would my price be right now?

    Breathtaking savagery

  18. #7898
    Cubic Zirconia
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by Daly View Post


    Impossible to call the bottom here but you canít find 2 bulls in this space right now.

    My guess is if you swiped up 5 BTC now at some point over the next 5 years you will be very happy.
    Name:  A6EA4208-AE5F-4599-8942-CE2CA142F9D8.jpeg
Views: 90
Size:  328.4 KB

    I think people have some strong feelings about the bottom

    We breached $20k which was considered technical support by everyone. $12k is considered the next serious support. Problem is everyone can read a chart these days and hitting $12k will likely trigger MOAB buying. $12k will last for seconds.

    Leave some money for another tranche of buying big guy

    Iím far more interested in the war on a second front Black Swan. NOBODY IS PRICING THE TAIWAN RISK IN. I canít quite nuke it out (pun) but I think building chip fabs and reclaiming production from China is welcomed by the powers to be including the Pentagon so we will likely send ships thru the straights just to show them who is boss. Biden has shown heís excellent with diplomacy (wink & lulz).

    War with China isnít necessarily unwanted by all

    The good news for you is the next round of QE will provide for a Bitcoin bubble sequel

    Chaos is just what is needed to enact major changes. But you see that already donít you

    The Su Zhu 3AC crypto Ponzi has Dog the Bounty Hunter searching for his ass. There is no fucking way Elizabeth Warren and her kin arenít coming for yaÖ. speaking of chaos harnessed for change

    CBDC ainít a chewable
    What do you think is going to happen with Taiwan?

  19. #7899
    Plutonium sonatine's Avatar
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    "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

  20. #7900
    Owner Dan Druff's Avatar
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    Today's crash will tell a lot about the future of the crypto market, in the coming days.

    BTC breached $20k and is currently at 19.1k.

    ETH breached $1k and is currently at 994.

    If these both don't recover, it could normalize being under these milestones, and the freefall might continue.

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