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Thread: Bitcoins are officially donkdown

  1. #8041
    Platinum devidee's Avatar
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    I’m not a robot money guy. Is this good?

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      sonatine: HHHOOOOOOOLLLLLLLLLLDDDDDDDDDDD
      
      FRANKRIZZO: I am no market expert

  2. #8042
    Owner Dan Druff's Avatar
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    Filecoin (FIL) was already a disaster before today.

    It was at $180 in late March 2021. It was still around $82 at the beginning of 2022, and now it's worth $3. The decline today from $4 to $3 isn't news unless you still think this failcoin is going to bounce back.

  3. #8043
    Plutonium Sanlmar's Avatar
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    Damn Sonatine. I almost bet Binance would be next. I looked to check the odds this afternoon. I checked again at dinner and Binance & Binance US are locked out. Poking around hyper quick. Just scanning

    +2000

    I just couldn’t push the button.

    If I had read your morning post I woulda been very +EV. Crypto was last on the list of my concerns today.

    Been poking around - CZ is gonna get served. I’m pretty certain. Minimum money laundering (washing with BNB accounts/wallets) Conspiracy of a couple varieties.

    Institutional money is fleeing.

    Then the audit issue. The CNBC interview

    You knew.

    Crazy times. The web that extends out from FTX …..
    Last edited by Sanlmar; 12-16-2022 at 11:23 PM.

  4. #8044
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    Quote Originally Posted by Sanlmar View Post
    Damn Sonatine. I almost bet Binance would be next. I looked to check the odds this afternoon. I checked again at dinner and Binance & Binance US are locked out. Poking around hyper quick. Just scanning

    +2000

    I just couldn’t push the button.

    If I had read your morning post I woulda been very +EV. Crypto was last on the list of my concerns today.

    Been poking around - CZ is gonna get served. I’m pretty certain. Minimum money laundering (washing with BNB accounts/wallets) Conspiracy of a couple varieties.

    Institutional money is fleeing.

    Then the audit issue. The CNBC interview

    You knew.

    Crazy times. The web that extends out from FTX …..
    BNB (Binance token) is down 12% the past 24 hours. Keep an eye on it. If it starts tanking big time, then lights out for Binance is around the corner.

  5. #8045
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    15 Billion withdrawn in a month and they haven't gone bust yet. I guess Binance is gonna get the ultimate audit by having everyone withdraw their funds. We shall see what happens.

    https://twitter.com/nansen_ai/status/1603949786771517440

  6. #8046
    Platinum garrett's Avatar
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    Rage Against the Machine





    Rage is all about this Sleep now in the Fire

  7. #8047
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Small_Banana View Post
    Quote Originally Posted by Sanlmar View Post
    Damn Sonatine. I almost bet Binance would be next. I looked to check the odds this afternoon. I checked again at dinner and Binance & Binance US are locked out. Poking around hyper quick. Just scanning

    +2000

    I just couldn’t push the button.

    If I had read your morning post I woulda been very +EV. Crypto was last on the list of my concerns today.

    Been poking around - CZ is gonna get served. I’m pretty certain. Minimum money laundering (washing with BNB accounts/wallets) Conspiracy of a couple varieties.

    Institutional money is fleeing.

    Then the audit issue. The CNBC interview

    You knew.

    Crazy times. The web that extends out from FTX …..
    BNB (Binance token) is down 12% the past 24 hours. Keep an eye on it. If it starts tanking big time, then lights out for Binance is around the corner.


    https://twitter.com/DylanLeClair_/status/1603905955305254912


    "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

  8. #8048
    Plutonium sonatine's Avatar
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    legend.


    "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

  9. #8049
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by sonatine View Post
    legend.


    Twitter is such a fraudulent cesspool. The second I see a blue check mark I start to swipe. Real?

    Are you are appreciating this as comedy, irony or schadenfreude? Serious question

     
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      sonatine: i simply enjoy the view

  10. #8050
    Plutonium Sanlmar's Avatar
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    Lol. I appreciate you brother. Happy Holidays.

     
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      sonatine: happy holidays cochise

  11. #8051
    Plutonium sonatine's Avatar
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    dogecoin just flipped coinbase
    "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

  12. #8052
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by sonatine View Post
    dogecoin just flipped coinbase
    As the original exchange connoisseur… long before crypto twitter and discord … please explain to me how you/we weren’t short COIN. Not even a scalp.

    Flawed character son

  13. #8053
    Owner Dan Druff's Avatar
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    In the early days of Coinbase, back when MtGox crashed, I actually was able to chat with one of the owners on there, and I asked him why I shouldn't be worried with them after what happened with Gox.

    Now a decade later, Coinbase is in questionable shape. Was very sad watching them decline from great customer service into a total piece of shit.

  14. #8054
    Platinum BetCheckBet's Avatar
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    I know I've mentioned it before but it's a good lesson on insolvency and relates to current crypto exchanges.

    Back in 2008 I played on Battlefield poker (a skin of microgaming). I never thought anything of it. Microgaming was very well established and regulated. Then one day without warning I logged on and while I could type in chat could not access my balance or play in any games. I came to find out the following.

    -Microgaming had kicked off 25 skins from the network with zero notice (all 25 skins belonged to something called the TUSK group). Turned out each skin was responsible for their own players money and making transfer payments to microgaming. After a several year liquidation I learned the following.

    1) Players were only paid out about 15% of their balance (5 million of dollars missing).
    2) Although all skins had legal agreements that players money would not be used by operators (held in trust) there was zero oversight and recourse.
    3) With 80% of players money lost there were zero warning sings of money troubles beforehand (the most scary part)

    I see a lot of online exchanges the same today as those skins back then.

    Coles notes: By the time the warning sings come it will likely be too late.

    For more detailed version of what went down. The responses by the operators are particularly troubling.

    https://forumserver.twoplustwo.com/2...d-5-3m-452491/

     
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      sonatine: i remember this
    Last edited by BetCheckBet; 12-20-2022 at 05:22 AM.

  15. #8055
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by sonatine View Post
    dogecoin just flipped coinbase
    As the original exchange connoisseur… long before crypto twitter and discord … please explain to me how you/we weren’t short COIN. Not even a scalp.

    Flawed character son

    i just didnt/dont see a play here beyond like naked shorting which tbh is like watching paint dry compared to flailing around the ES order flow.

    worse still coinbase is going to be one of the last to die, meaning its going to do that 'nose of the titanic' shit over and over on the way down as liquidity with nowhere else to go in the space accrues in it momentarily on its way to zero.

    if you want to make a great pelosi play, sure, grab LEAPs or whatever i guess..? personally i want to go after the weakest members of the herd, not the strongest.
    "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

  16. #8056
    Plutonium sonatine's Avatar
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    One of the largest US publicly traded Bitcoin miners, Core Scientific, is filing for bankruptcy


     
    "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

  17. #8057
    Plutonium Sanlmar's Avatar
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    Meme is back baby

    AMC, Bed Bath, GameStop & crypto

  18. #8058
    Master of Props Daly's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Meme is back baby

    AMC, Bed Bath, GameStop & crypto

    Im not calling for any great bounce back…. But a whole lot was working against Bitcoin the past few months and it held ~$17K as a floor.

    It can always get worse from here, but I feel comfortable saying we will trade in the 20’s shortly and it will probably hold for a long while.

  19. #8059
    Platinum FRANKRIZZO's Avatar
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    Is Gemini still okay? Want to throw some money on acr don't want it in llimbo

     
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      Sanlmar: You’ll be fine …

  20. #8060
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by FRANKRIZZO View Post
    Is Gemini still okay? Want to throw some money on acr don't want it in llimbo
    Although we wouldn’t be surprised if this BTC squeeze was the Winklevii trying to spark a rally to plug their hole with inflated Bitcoin

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