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Thread: Bitcoins are officially donkdown

  1. #8001
    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

  2. #8002
    Plutonium Sanlmar's Avatar
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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?
    Last edited by Sanlmar; 10-13-2022 at 05:52 AM.

  3. #8003
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    Is it time to buy the dip?

  4. #8004
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Kalam View Post
    Is it time to buy the dip?

    "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

  5. #8005
    Plutonium Sanlmar's Avatar
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    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.

  6. #8006
    Owner Dan Druff's Avatar
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    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.

  7. #8007
    Plutonium Sanlmar's Avatar
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      ok25: POMP STOMPED

  8. #8008

  9. #8009
    Platinum FRANKRIZZO's Avatar
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    Is Gemini bitcoin still up and running?

  10. #8010
    Master of Props Daly's Avatar
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    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

  11. #8011
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Daly View Post
    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. .

    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.



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    Last edited by Sanlmar; 11-29-2022 at 09:52 AM.

  12. #8012
    Plutonium sonatine's Avatar
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    Quote Originally Posted by all the burgers who didnt listen to sonatine

    SFO

     
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      ok25: This guy is objectively better looking than you and he's a disaster
      
      Sanlmar: cognitively dialed without the need for a transdermal patch
    "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

  13. #8013
    Master of Props Daly's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by Daly View Post
    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. .

    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.



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    You might be right. Im of the opinion BTC will make another ATH in the years to come.

  14. #8014
    Plutonium Sanlmar's Avatar
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    More Pomp.

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    Most of these pumpers will fade away. Audience is broke

    Bitcoin maxi larp
    Last edited by Sanlmar; 11-29-2022 at 10:54 PM.

  15. #8015
    Platinum garrett's Avatar
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    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.

  16. #8016

  17. #8017
    Master of Props Daly's Avatar
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    Quote Originally Posted by garrett View Post
    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.

    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

     
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      country978: bought btc today 1st time in a long time. just a little
    Last edited by Daly; 12-02-2022 at 09:53 PM.

  18. #8018
    Master of Props Daly's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by Daly View Post
    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. .

    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.



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Size:  71.1 KB
    “Dont fight the fed”

    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.

  19. #8019
    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. #8020
    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

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