And therein lies the problem they are manipulating the capped volume with their non backed derivatives artificially inflating the greatest advantage bitcoin has, its scarcity.
allowing shorting without actual purchase of a scarce resource at market price has the same effect as creating coins out of thin air, why the fuck does this fall on deaf ears?
Amen. Merit worthy and will do so when I'm replenished. Also been having that sentiment for years. I did not look on the derivative product creation for bitcoin as the net positive so many did and do, those same sharks that run rampant in the penny stock markets should never have been allowed to play their games in crypto.
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Yawn, the incessant focus on daily up and down is boring. Zoom out and wake me when it's Christmas.
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10k - end of May moon - end of June (2021) priceless - Uranus
I dunno, the docs and insurance seemed to have no problem putting a price on mine.
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Good interview, a bit more substantive than the usual cointelegraph fare... https://cointelegraph.com/news/defi-exec-believes-crypto-community-mostly-short-term-thinkersThe main thing that I think most people miss when they come to crypto is when they know they’ve worked in something on Wall Street or something on Main Street and they say, “Oh, my gosh. If I just take this and transport it to the blockchain, it's going to be the next big thing. All I have to do is take the best idea of how Wall Street steals money from people and deliver it on the blockchain, and I'm gonna be a billionaire.”
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Lets do a special pizza day edition of the poll.
And hotel booked for two months in Thailand. I will mange the return tickets 😜 LOL, there's a few guys on here that are going to lose every BTC they have as soon as the first gold digger smells the stock to flow.
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How is bitcoin going to go down, exactly? Is this doom to bitcoin coming soon, or you do not have a timeline for such bitcoin death?
Is this doom and gloom for bitcoin coming during our lifetimes or even in the next 50 years or even 10 years? Internet down means Bitcoin is down too, as simple as it can be It may be down for you personally or more globally, temporarily or more permanently, but the outcome will be the same, and it can have pretty ugly consequences if it is to stay. I really don't see any plausible reason why anyone would want to question that. It can happen tomorrow, it can happen in a year, or it can never happen, but just the possibility of it, which is real and palpable, should make every Bitcoin holder think twice. That's basically the reason why everyone should have ready cash on hand (gold is somewhere down the road). It is just common sense and street wisdom. Shit happens, and ironically, when it happens, we are more often than not caught completely off guard as the coronavirus pandemic has revealed abundantly clear Not really a counter argument but more of a nuanced mitigation of the argument... https://cryptomoneyteam.co/2020/05/21/bitcoin-could-be-more-resilient-to-global-electric-failure-than-banks/Bitcoin has long since proven that its system is robust. In 11 years of operation, the network has seen zero downtime.
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Fun article: https://cointelegraph.com/news/bitcoin-will-create-a-new-economic-elite-in-2020We have a lot to learn from Bitcoin. We need to look at the way Bitcoin is built and mined to make our predictions. Unlike fiat, Bitcoin is immutable and decentralized. At the moment, its volatility is a consequence of its small market capitalization, its function as a speculative currency, and the fact that many people are treating Bitcoin like they treat their stocks.
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Messerschmitt BF109 of 312 BTC sitting at 9200 on btcwars. That is all.
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Today is just all around suxorz. Imma going to go into lifesleep for a couple days.
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Thanks for sharing. I don't think the premise is that conclusive (other than CSW is full of it) but it did lead me to this reddit post that I think is awesome... https://www.reddit.com/r/Bitcoin/comments/gmzbc0/i_finally_understand_it/That’s when it hit me. Now I understand why people on nations that is f*cking their money up buys BTC, it saves it from inflation! Recently the Halving happen and it hit me again, Bitcoin is a deflationary money! Every day it becomes a scarce resource, but the demand is the same, making the price go up! Bitcoin is not the future, it’s the present! It puts me in the control of my wealth instead of a bunch of incompetent nations and politicians!
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Kind of surprised this didn't happen sooner. https://cointelegraph.com/news/bitmex-faces-lawsuit-for-alleged-racketeering-and-extensive-illicit-activitiesThe lawsuit notes that BitMEX provides traders with extremely high trading leverage (100x) for highly liquid derivatives, which are purportedly calculated based on prices of “two or three illiquid spot exchanges.”
The exchange allegedly enables manipulators and money launderers to operate illicitly by allowing them to open an unlimited number of anonymous and unverified accounts, without trading or withdrawal limits.
The document claims that BitMEX weaponizes deliberate server freezes and uses fraudulent “system overload” events to accept or reject specific trading orders during volatile market conditions in order to exacerbate price fluctuations and trigger maximum liquidations.
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https://twitter.com/jk_rowling/status/1261396891784413185"People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)" Unbelievably short sighted person She's richer than most people in the 1% let alone the rest of the population. And she didn't make her money with investments, she's a fiction author. She has very little motivation to learn other than a passing curiosity I'm sure. Bitcoin isn't designed for people like her, it's designed for the rest of us.
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Looks like we have some Friday profit takers getting fiat to buy Ramen for the weekend.
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This seems kind of crazy to me, like an alcoholic who can't find a beer turning to rubbing alcohol... https://cointelegraph.com/news/forget-btc-price-its-now-possible-to-trade-bitcoin-hash-rate-futuresSimply dubbed “hashrate futures,” the contracts track the average difficulty of the Bitcoin network each day from the start to the end of each quarter.
The difficulty is used, not hash rate, because as FTX notes, measuring hash rate accurately is impossible.
“However, given that difficulty adjustments attempt to maintain 10m block times, over long periods of time the average hashrate will be proportional to the average difficulty,” the blog post explains.
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I also went with 1st half 2021 and immediately thought I should have voted 2020. If we haven't reached an ATH by this time next year I'll do a John McAfee (sort of) and eat a pussy. Yuck. I'd rather do a full McAfee and eat my own dick. Does your mother know you're posting her picture in the internet? Haha, she cleans up nice though, you won't be disappointed... But if you really want to date dear ol' ma, I suppose with your merit level that would be ok, she doesn't get around much anymore but you can contact her here...
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Let the great uncoupling continue... https://cointelegraph.com/news/bitcoin-doubling-gold-s-yearly-gain-so-farAmid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold.
Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, TradingView data showed. In the same time frame, Bitcoin boasts a 30% gain, at a value of $9,290 at press time.
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I also went with 1st half 2021 and immediately thought I should have voted 2020. If we haven't reached an ATH by this time next year I'll do a John McAfee (sort of) and eat a pussy.
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we goin' to the moon boys
True, but it will probably be a leisurely cruise rather than a quick commute. I'm thinkin' more like this...
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