Hold on, dude. You are talking about idiots, right? So, why do you care so much about what idiots are saying about YOU? Relax, take more care about what's happening inside you, less about what's happening outside of you. Like, if you remember, when you were a child, completely caught in playing games or whatever, while adults were laughing at you and you couldn't care less about that. Turn on Real Life Ignore Mode  It's never a good idea to ignore an injustice. Countries don't tolerate it - https://www.cbc.ca/news/world/china-secret-police-stations-allegations-reaction-quebec-1.6774461 " China accuses Canada of smearing its reputation over alleged secret police stations" @#$% Canadian bastards! Strange, Chinese Police stations appearing all over the world, lately  However, what i was trying to say: You can't fight a successful fight by weakening yourself. Anger is decreasing focus, too. Warriors need to be focused. Like Shaolin monks. * OutOfMemory thinking of some Wu-Tang tunes You know if everyone got angry about the mass corruption it would probably be stopped. Revolutions don't happen until enough people get angry and desire change. Being calm about it certainly doesn't change anything. Having said that, chances of things changing even when the entire population is pissed off is low. Putting as much effort as possible into becoming an owner of capital then global citizen is much better for your, and your family's, future. In my country society has degraded to a quality of life for the masses that is arguably worse than a majority of so called 3rd world countries. But you know what, even though the people complain constantly about it they vote for more of it at every election. I guess this is what we deserve for taking for granted all the benefits that our ancestors fought and died for, and then vilifying them for transgressions that were perfectly normal for the times. |
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Another minor sell off. This is probably an effort to just take out a few longs before more up move.
...
It seems that Binance froze. Is it planned or not, I don't know. Judging by the lil panic probably not. If Binance is not coming back up soonish, we're screwed. Covid dump will seem small and insignificant compared to this... Bitcoin don't give a shit. Honeybadger going on a bender Yep. Also when an exchange has issues it means that all the BTC has already been stolen or sold off by its founders. So while there may be a short term dump by traders it doesn't seem to last. |
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Another minor sell off. This is probably an effort to just take out a few longs before more up move.
The Fed and friends have still not solved the latest banking shitfest, more disaster is coming down the line, and soon they'll have to stop pretending like they can get inflation under control. Inflation will be handled by the massive recession that is almost upon us anyway, but actually it won't, because massive fiscal and monetary support will blow that out of the water. I hope all of us here are ready for the coming wealth disparity because this next up move in assets is going to destroy anyone who doesn't have significant assets. Bitcoin in particular.
The world is moving into a dark place.
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10.4% inflation. "A complete shock." "Totally unexpected." How could this possibly happen with our safe pound handled by such professor geniuses such as Andrew Faily, Jeremy Cunt and Rishi Sputnik. Ironically, my insurance payouts were upped by roughly 6% ("inflation compensation") for 2023. Don't ask me how they calculated that number, i guess they just left energy and food prices out of the equation  On the other hand, i'm really blessed to get regular money from the social system, at my age, at all. EDIT: While the government's economic experts recently said it's very OK for everyone to work full time until the age of 80.  I feel sad for the 70-something year old people you see at supermarket checkouts now even at times. Sure, that age range will probably only increase with evil insane policies being invented right now. These people should be able to put their feet up. But this is what you get with evil fiat pushers in charge. The trouble is you get the government you vote for. In my country few people bother voting for the minor parties, so as much complaining as there is, people must actually love it otherwise they wouldn't vote for it. |
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USDC has exposure to Silvergate and Silicon Valley Bank. Basically USDC is no longer fully backed (if it ever was). |
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Now that the criminal banks are starting to collapse, this economic trend is starting to echo the whole 2007-2008-2009 period.
Surely that can only only be good for the one viable ALTERNATIVE decentralised trustworthy money system: BTC since fiat is and can be controlled by too many criminal enterprises, criminal central banks and criminal governments.
For sure, but we might have to crash before hand just like during the Covid crash. Anyone who has dry powder should be getting it ready. |
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Looks like the march candle wants to eat itself up. Seems like a good buying opportunity to me.
edit: Price is touching the weekly golden Fibonacci ratio too.
Looks like a good time to buy to me too. But, traditional markets appear like they are going to shit the bed so they'll probably take us down with them. |
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Somebody does not want us to break through 25k and it is starting to piss me off.
My guess is that one of the many crypto ponzi companies needs more time to buy some of their customer coins back to prolong the life of their ponzi.
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He switched to using BSV, so he won't be writing any more images to Bitcoin's blockchain. i have found out that bitcoin forked and cryptograffiti uses "bitcoin cash" which seem less popular than "bitcoin". how many miners bitcoin cash has? how much reliable is this? are messages saved there are now going to be provable to be indeed not changed by 51% attack?
Actually CryptoGraffiti.info now features only the Original BitCoin (BSV)... Haha, what a retard. |
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I've had some time to sleep and think on this, now, and the more I think about it, I'm just left terrified about the implications this ordinal stuff has for Bitcoin.
I see it as a very real existential threat.
I sincerely hope I am dead wrong.
I'm not an expert when it comes to this new Ordinal thing and how it is implemented, but the possibility of "polluting" the Blockchain with bad data got me seriously worried. The issue here is not so much that it is possible for someone to insert child pornography and/or top-secret defense documents in the Blockchain (which in itself is unsettling), but the fact that the Blockchain is immutable and thus cannot be altered, and this is by design. So, this offensive/sensitive data will have to be there forever, and this could provide a strong reason for TPTB to attack/ban Bitcoin "for the common good". I assume that, if this ever becomes a problem, it should be possible to handle via a fork, with the new code base removing this feature and also somehow removing all offensive/sensitive content. Said fork will have near-full consensus, so it will become the new, sanitized Bitcoin. The Bitcoin ecosystem should be able to handle this. Another battle, another win for Bitcoin. Still, all this mess upsets and worries me. Hopefully, Bitcoin will come out of this stronger than ever, as it has done so many times. I've read nothing about this so I'm probably just going to sound stupid but has this been done on other chains? ETH for example? What I'm getting at is why hasn't it happened yet and being that the chain is an openbook and there are chainanalysis companies that claim they can find anyone. Wouldn't uploading something so illegal mean the uploader will be found and arrested pretty quick? This in itself would be a deterrence to even attempt it. What about miners, would they ignore these transactions? |
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This liftoff has a lot of similarity to April 2019.
In 2019 the initial pump was from about $4K to $5.2K, then continued to $13.8K.
If we literally translate %, then initial spike (from 16.69K to 21.05K) was similar-26.7% in 2019 and about 25.8% here.
In 2019 the "pump" continued for another 166%, and with similar percentages we would be at $55.8K at the "local" pre-peak this year.
That would be tremendous, but kind of high end of my expectations for this early in a bull cycle, unless this bull will be much stronger than 2019-2021.
Length-wise, if we repeat (it was 3mo minus 5-6 days in 2019), in would be over by about last week of March-first week of April.
Since March 31 is the end of Q1 and April 15-18 is a typical tax day in US (this year it is on 18th), is kind of logical to expect something in that vicinity.
Was it 2019 or 2015 when there was the rumor that the first pump after the bear was facilitated by the one coin scam? That was 2015 I think. In 2019 there was something else, can't remember what exactly, but some group of people managed to get a shitload of coins somehow and were meant to be distributing from the 13k area all the way to the covid crash. I remember people on this forum posting reports of whenever they moved coins. https://coinmarketcap.com/alexandria/article/the-onecoin-scam-the-dazzling-story-of-the-biggest-crypto-ponzi-in-history |
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Nice.... we had lift-off while I was sleeping....
the pump seems to be almost as quick as the dump from 21k we had in Nov
Yeah it looks like a reverse bart on the weekly, nice to see. Kind of reminds me of the move up from the 3k level in 2019. We were down there for what seemed like forever then up and away. |
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I started smoking sigs at 11 and quit just 5 years ago. Actually it's easy to quit smoking. To start smoking is also easy. For me it's better to avoid alcohol to not start smoking.
I bought more bitcoin at ~ $ 16 000 now.
I've asked many smokers whats easier, quiting smoking or quiting carbs. They all say smoking. Just throwing that out there. |
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You know earlier this year I had a nightmare where I checked the price and it was in the 8000s. I really hope this doesn't come true but with the current price and doubt about Grayscale, various exchanges, and others I can't write it off like I did when I had the nightmare.
One thing I know for sure though is that I preferred it when these institutions weren't involved in Bitcoin at all. Bitcoin was driven by actual people then, and after this mess is all past us it seems like it will be again. All the VC and high net worth individual money appears to be the dumb money, not smart. I wonder how they became rich to begin with. I guess corruption and crony capitalism has worked wonders for them, which is why they're being destroyed by Bitcoin, as that shit just can't fly with something that is so honest and transparent.
Definitely depressing but shit happens. On the positive side, time and the monetary system is on my side.
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Looks like a bart on the 15min charts.
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I second that. I can understand leaving more funds on an exchange during a bull market (ponzi's and fraud are not usually exposed during bull markets). But during a bear market you make sure you drain everything. Supposedly Warren Buffet said "When the tide goes out you get to see who is swimming naked". Well, exchanges swim naked, always have, possibly always will. Not your keys, not your coins. How many times does this have to be repeated. Reading comments on twitter, so many don't even know you can self custody. Now what kind of fucked up stupidity is that? |
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110% Best way out of this is to flush all the shit from the system Yep and it would be nice if the everyday person starting holding their own god damn coins rather than leaving them on exchanges. I don't know how many times they need to be told and how many examples like FTX have to happen before they finally realise this very simple foundational part of Bitcoin. But I guess I expect too much because BTC is trash apparently and I'm just toxic. Crypto is where it's at and coins like SOL, FTT, Luna and the 20k others are going to take over the world. Since 2013 I think I've had accounts on at least 7 exchanges that have either been hacked, stole funds, shutdown by feds, or outright frauds. Sum total of BTC lost from those incidents.... zero! because not your keys not your coins. A retard should be able to understand that. |
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It's sole purpose... to short and destroy Bitcoin
Exactly, all these shitcoin ponzi company scams all want bitcoin dead. Bitcoin wins every time and will continue to do so. After the smoke settles we may find that going up from this point gets a bit easier, however, I don't like Binance being a big player. I've never trusted them but at least CZ does appear to be a bit more BTC friendly than most. I think some lessons are being learned this year and any company that wants to last in this space will need to get their shit together. |
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