News update. Celsius next plan is to issue their own token and create a market for this to be traded and speculated. I am not quite certain if this will a type of ICO, however, they will certainly need to have whales to help them with the initial investment to pump then dump on the market. It appears the people who will pay for Celsius way out of bankruptcy will be from the community. Celsius is weighing a crypto bankruptcy token to pay back creditors in reorganization
Celsius is weighing a plan to repay creditors by issuing a new cryptocurrency, the lending platform said in a Tuesday court hearing.Source https://markets.businessinsider.com/news/currencies/celsius-crypto-news-bankruptcy-creditors-token-repayment-bitfinex-court-2023-1 |
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Guys and gals, Oscar 2023 nomination list is out and from what I could see, there's no major surprises. Everything Everywhere All at Once is leader with 11 nominations, followed by All Quiet on the Western Front and The Banshees of Inisherin each getting nominated in 11 categories. Here is the full list https://variety.com/2023/film/news/oscar-nominations-2023-list-1235495072/Actually, if I can call something surprising (at least for me), that's Avatar getting Best Picture nomination. I saw the movie last weekend and it was a big disappointment. Yeah it looks good, but that's all there is to it, nothing else really. But I guess since movie made 2 billion dollars already, it made sense for them to include it. edit: now I see that odds on Everything Everywhere All at Once went even more down, probably caused by being the leader when it comes to amount of nominations. Despite being favorite, I simply can't bet on a movie that I couldn't even finish so I will probably got for a surprise and Banshees instead. All Quiet on the Western Front is nominated in 9 categories. I am shocked because every critic was quiet about this movie until BAFTA nominations were announced. The skeptical me thinks that the members of the Academy of motion picture arts and sciences have an agenda to help stop the war in Ukraine hehe. They will vote for this movie to win as much oscars as possible to bring the winners on the stage to deliver their antiwar speeches hehehe. The movie is also very much underestimated with odds of 36.00. If this wins best picture in BAFTA on February, expect this to lead everywhere. |
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The best argument for bye bye bear market is Asian countries with the highest adoption of bitcoin and the cryptospace are beginning to buy now which might help avoid bitcoin from dumping lower. It might also be good to start closely following the news from Asia on crypto regulations and developments to have some idea on what might the future appear like. Something similar to this news, in China, they appear to have begun reversing their policies against digital assets starting with NFTs. After years of hostility towards the digital asset sector, China appears to be taking steps toward embrace nonfungible tokens.
The website for the China Digital Trading Platform (CDEX), a Chinese state-sanctioned secondary trading platform for NFTs and other digital assets, launched on Jan. 1.Source https://thedefiant.io/china-launches-nft-platform |
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anything where a company of any kind is too eager to say "yes we accept your money" but then does not allow redemptions/refunds and say "go find another fool to take the shares off your hands.." is scammy, well not really a good service to trust atleast
That is a description of a ponzi scheme and it appears that this bear market is where it will prove if GBTC is one or not. I reckon the cryptospace might be waiting for 2 more VIP terminations or bankruptcy before the end of the bear market. The list of VIPs is Changpeng Zhao of Binance, Barry Silbert of Grayscale and Michael Saylor of Microstrategy. There will be only one winner and it appears that it might be Michael Saylor hehehe. I have mentioned this already, Binance might be more in danger of insolvency than speculated. |
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This is a bait and switch. They claim to want to regulate crypto to protect people, but they really want to regulate crypto to protect themselves and their power over people's money and consequently their lives. They like being able to tax the people of the world 5-10% every year via inflation. With around $460 trillion in global wealth, that is a TON of money they'd lose out on stealing from people with the "little guy" being hit the most with high inflation.
Agreed, the government has never wanted to protect the people. 99% of the politicians who run the government only want to act on their self interests and the personal agendas of their backers. The cryptospace is a threat to the banking system because it will break their monopoly on the creation of money, moving money, laundering of money and many other things about money. It will also break the monopoly on the government's definition of money. If anyone has noticed, much of the people in the community has considered bitcoin to be a more authentic form of money than fiat. I'd just add that the crypto space is a threat to not just the banking system, but the political system since they depend on the laundering for their power. This is why the are all in favor of things like digital fiat. It buys nothing except no bills, but allows those in power to control everyone and everything, everywhere. An Orwellian nightmare for people who are being controlled. Hehe yes, they want complete control over something that has begun to progress and that is trying to move on from their control over the question what is money? They can delay the social development of the cryptospace through spreading fear, uncertainty and doubt, however, they can never delay the technical developments happening around the cryptospace which is presently taking much quicker steps than a few years ago. I also speculate that in the next few years, it might be NFTs that might help on the growth and the more universal adoption of the cryptospace. I am aware that many bitcoiners consider them a scam. I consider it to be another medium of cutural development. This will be very important if we want adoption. |
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@NFTmetria. Azukis are unaffordable for much of the people in the NFTspace already. If someone with not much money speculates that Azukis are going to be pumped but he cannot afford it, try to buy the cheaper derivatives of the Azukis and sell them later for profit. The cheap derivative always moves together with the bluechip in price. You also might make enough coins to buy the real Azuki hehehe.
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Anyway, I think niners will finally collapse this week (sorry Dire),
Don't be sorry, we'll just have to agree to disagree. Realistically, I've been saying that I think the Eagles are a fluke since mid-season. I predicted they would be one and done in the playoffs, so obviously my prediction isn't 100% accurate, but I'll settle for two and done.  I am not a football expert or have as much information and knowledge compared to everyone in this thread, however, I agree that the 49ers might give everyone the shock of the season. It will be witnessed that it will be the most difficult game that the Eagles has ever played this season. I am afraid that Jalen Hurts might fail to perform in the most critical of moments because of San Francisco's defense. This will be called the miraculous game.  |
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Is there a bigger chance than expected that it will be one of the next exchanges to bite the dust or is it still reasonably safe if compared to other exchanges that might bite the dust? Go back a year and everyone though Celsius, Voyager, FTX were some of the most well regulated and least risky exchanges. And look at where we are now. Hehe correct! It would be much safer to assume that Binance is in more danger than expected of insolvency after the outflows and thd mass liquidations that occured in the exchange if you describe it that way. BUSD is also not collaterized 100% during certain times. In any case, I also remember creating the thread asking if FTX would bite the dust and many of us assumed that it was not in trouble, almost making it a silly question. We should certainly not make another similar error again. |
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So they want crypto to go up so they can sell their altcoins like ETC? I don’t think it’ll work because many of those alts aren’t very liquid. If they start to sell 8 figures worth it’ll cause the alt to crash pretty much.
It they pump Bitcoin then they will benefit with the higher 2% fees for GBTC but if they need to buy back those BTC they will need to pay a higher price.
I am only speculating. However, it will certainly help to plug the hole. According to the article, Sam was orchestrating a pump while also borrowing from lenders. Also, the manipulation might be on the illiquid altcoins market, however, the manipulators trade much of their money in futures trading where there might be more liquidity and they can also use leverage. The manipulators can also begin shorting the market once they are finished with the pump. |
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oh and by the way https://dcgupdate.com/ - jan 10th letter DCG currently owes Genesis Capital (i) $447.5M* in USD and (ii) 4,550 BTC (~$78M), which matures in May 2023.
DCG borrowed $500M in USD between January and May 2022 at interest rates of 10%-12%.
8. How did DCG use the proceeds of the USD loans borrowed from Genesis Capital?
The amounts borrowed by DCG were initially held as cash in Treasury to be used as opportunities arose. The key opportunities ultimately identified were the repurchase of DCG stock from one of our earliest venture investors and investments in liquid tokens and public equities.
the underline sounds like "grayscale" to me.. funny how he doesnt want to direct name drop where most of DCG loan funnelled funds went to It appears the loan that the Digital Currency Group has received from Genesis Global is being used to give the early investors the liquidity they need to cashout from their original investment in DCG. Where did the $900 million that was sent to Genesis Global come from? From Gemini. Where did Gemini get the $900 million they sent to Genesis Global? From Gemini Earn depositors. I am not calling DCG a ponzi scheme, however, it appears that it is becoming one or has become one already. |
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There is a 49ers fan from San Fran or Frisco in this thread, however, is there a Cincinnati fan? Also, there might be an argument that the 49ers is the best team the Eagles will play this season.
I speculate that it might be the underdogs superbowl on February 3. The 49ers' defense might make it appear that they are playing against only the Cowboys hehehe. I reckon the Bengals and the Chiefs game might be high scoring and the Bengals having the luck of going to the superbowl.
For the 49ers, it will the their defense and for the Bengals, it will be luck.
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Also, should the community be more concerned on Binance or is it still considered reasonably safe from being the next exchange to bite the dust? No exchange is safe. We are seeing DCG's subsidiaries starting to have major problems. Everyone knows about the problems with Grayscale over the last year or so, and now Genesis are reportedly preparing to file for bankruptcy. They are also selling off CoinDesk. DCG have tens of billions of assets under management. If they are not too big to fail, then neither is Binance or Coinbase or any other exchange. Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by total amount of BTC received between May 2018 and September 2022 were: (1) Binance, a VASP; (2) the Russia-connected darknet market Hydra; and (3) the alleged Russia-based Ponzi scheme “TheFiniko.” So how long before Binance start to get investigate for money laundering? I am not arguing that Binance is 100% safe. I am asking how concerned should we be on Binance. Is there a bigger chance than expected that it will be one of the next exchanges to bite the dust or is it still reasonably safe if compared to other exchanges that might bite the dust? I speculate on October when Sam Bankrupt-Fried's trial begins, everyone should begin avoiding Binance because CZ will be one of the people who will be blamed for market manipulation on FTT that triggered the collapse of FTX. A crackdown might be ordered on CZ and Binance. |
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The comedy show in the cryptospace continues hehehe. On June 25, 2021, this was Barry Silbert's tweet. Was he implying that his companies were not part of the daisy chain of borrowers and lenders or was he implying that he was part of it but he is not a part of the weak link? It appears he is very much mistaken if he was implying that he was not part of the weak link and he was lying if he was implying that he was not part of the daisy chain. There is a daisy chain of borrowers and lenders in the crypto space -- most well capitalized, but some are not
Lots of leverage still in the ecosystem...including in some non-obvious places
Important to understand counterparty risk and where are the weak links in the chainSource https://mobile.twitter.com/barrysilbert/status/1408191462324441092In any case, the cryptospace comedy show might end with Justin Sun as the king of the cryptospace hehehehehe. |
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@Lucius. I know I was cheering for Sam Bankrupt-Fried before, however, after knowinng what type of person he really is it might be a mistake in comparing him with CZ. Sam is a scammer and someone who might be laundering money for his backers. CZ might be called a hustler and a market manipulator, however, he is helping in the development of the cryptospace.
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Today I got the cheifs by a field goal and the giants 27-23. Yep I know I'm a giant fan but just feeling it. Hurts might have healed a little more but he could do little to nothing against the giants practice squad a couple weeks ago. Tomorrow I got the Bengals and the 49ers. I actually thing the 9ers and cowboys game is going to be a high scoring game. Should be a fun weekend
On winning underdogs, I speculate that it might be the Bengals that have a chance of winning against the favorite. The Bills did not have a well played game against the Dolphins, I reckon. Joe Burrow and the Bengals team might shockingly find that they have the advantage in the middle of the game. |
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@savetheFORUM. I am quite certain rugpulls and other pump and dump scams will always be in the NFTspace. However, I speculate that the reason why China is allowing NFTs back in their jurisdicstion might be because it can be used as platform for art and culture. It can also be used for communist propaganda which is very much possible they can do. In any case, this might be another good project to hold as a longterm investment. https://www.tokyorebels.io/The supply is high with 10,000, however, the artwork is good quality, the team is active in developing the project and their community is also very active in social media. The floor price might have also reached the bottom already. |
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It appears that yesterday hodlonaut had some back and forth with LukeDasher via twitter to assert that LukeDasher was misleading people and claiming that there were no ways to keep bitcoin secure Hodlonaut says: >>> According to @LukeDashjr there is no way to prevent your bitcoin from being stolen. No safe way to store bitcoin. Reckless misinformation/FUD, and a huge 🚩 <<<<< https://twitter.com/hodlonaut/status/1615033789956202496That sounds quite BS coming from a Bitcoin Core developer, to be honest, considering that he neither used a seed phrase nor a hardware wallet to store his 200 bitcoins. But I also think Hodlonaut is jumping the gun here and exaggerating a bit, as the screenshots he posted are not words to that effect. Agreed, which causes my thoughts to return to my skeptical me speculation that @NeuroticFish very much liked hehe. https://bitcointalk.org/index.php?topic=5432665.msg61540539#msg61540539My prediction, on 2025 lukedashjr will announce that he will quit from the development team. He might have already sold all his bitcoin before this announcement hehe. Also, @nutlidah's skepticism on why lukedashjr mixed his coins instead of using Monero. This might be because lukedashjr wants to sell his bitcoin as bitcoin without conversions. |
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when it comes to genesis bankruptcy. i am not interested in who genesis owes. as those are now creditors. locked into waiting for the courts to shuffle funds about and pay out. thus slow news taking months to effectuate
what is more interesting is who genesis has given loans to and invested in. because if there are any companies that took value from genesis could see the administrators claw back that value before the prescribed term dates. meaning then affecting other companies suddenly needing to find funds to give back to genesis
Gemini to earn yield for depositors from their Earn product, sent the coins to Genesis Global as the source of yield. However, it appears that Genesis Global sent those coins to Digital Currency Group in exchange for a promissory note. This is very head scratching because what would Barry Silbert do when Genesis Global has filed for bankruptcy already? Will he sell GBTC to honor the promissory note? What would happen to the coins behind GBTC? |
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@cr1776. Do not make a mockery of them. Agreed that the tourists are those who want to make a quick buck but who ended being the buyers from the sellers who wanted to exit from the market hehehe. However, we should be thankful and also encourage to have more tourists next time because they are those happy buyers during the bubble before the bubble pop. Also, bitcoin cannot pump to a new all time high without tourists.
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