That's the thought that I've got before which I've seen from the others that they've said that they'll take altcoin because of the quantity that you'll get.
Because getting a bitcoin is more expensive and you'll just get a few decimals on it. I get where they're taking those words but it doesn't make sense, it's still bitcoin as the most recommended crypto to own. It's like comparing and saying that people will take bronze because it's cheaper than gold.

There could be smart traders that can see the opportunity on this but majority of us in here won't look at it when it's started to depegged. If you know how to capitalize and make money from this situation then that's good for you.

You're right and it's no surprise that it's got a high ranking in the market because of it being highly liquid. The difference of its price from an actual btc isn't that much but with the turning of events from projects to exchanges. I think it's note worthy to have that reminder for those that have been keeping it on this chain rather than the actual bitcoin.

Yeah, those are essentials for having wbtc to do things but what I'm trying to say if someone is keeping this just as how we keep bitcoin. Then, it's price might not be par entirely with it sometime in the future and just as the collapsing of many things these days that are in the crypto sphere, we don't that to happen to our funds that we've worked and collected hardly.

There are good points about having it, it's like a gateway for you to trade on different decentralized exchanges and do your strategies there. But looking at what's with it right now, although it's not that really much at all. Still, big things like those collapses came from the little holes that has been probably seen and said before.

Exactly. I think everyone is aware of the things that has come into the market lately. As long as you know what you're doing, and is prepared to any sudden turn of events, you're all good.

I can't agree more. Just be cautious and be aware and it's not yet that much as of now but we don't know if this is going to be bigger soon when it continuous to depeg.

I think these celebrities that endorses scams and potential projects that will turn into a nightmare don't do they research. It's like that they've been given a figure and they're in awe with that amount so they accept the job offer for endorsing those projects.
There's certainly wrong with those celebrities that have made it with those advertisements that later on turned into false projects. While these scammers capitalizes them by just feeding them with an amount that they won't refuse, these lawsuits that have been filed for the first ones will serve as a warning for those that might also take the same path.

I saw the news about El Salvador having the new bitcoin national office. From the very start, they have been doing  bold move and they are only showing that they are stepping up ahead from other countries. Good job on Bukele and other officials that are part of this bold move and process.

He really a jackpot when he's going to have an exhibition match against Pacquiao and note that it's for a charity cause. Too many professional fighters are wanting to fight him because they can easily excel with their boxing career whether they win or lose against him.
It is that whoever matches Pacquiao, there's for sure another opportunity that will come as long as they're not yet retired. It's certainly a big boost for DK.

We're about to enter December but I guess they're making it a private ticket sales that will only be available in South Korea.

I don't know him and when this match has shown that they'll be fighting for a charity cause. Then, that's where his name shined. Became a good name because of the cause and at the same time, people now have known him because he's going to be up against Manny Pacquiao. I'm looking for some websites to know how much the tickets would be. Does anyone know where the tickets are up for sale and how much the tickets will be?

Yes, no longer a big deal but what's alarming when these apps and websites exposes our IPs and sells it to advertisers. They've got our logs and patterns.
Well, this has been happening with Facebook and Google to name a few. Whenever you say something and you're with your phone, you'll notice that there's the appearance of that product eventually on your profile or news feed that you've just spoken because they're keeping our data that includes IP.

I'm not sure about the source of the depegging but it seems there has something to do with that. Likely a real thing or another FUD that has been made but nevertheless, people shouldn't be stacking wbtc but btc.

Whether it has or has nothing to do with FTX or Alameda. People should just learn to bail out in wbtc because it's not the real bitcoin. There has to be the understanding of many people these days that they need to be wiser around when exchanges are biting the dust and so as other projects and wbtc could be the next thing, not spreading FUD but awareness.

True, I don't get it why they have to make wrapped bitcoin. I've got no issues if they'll make wrapped ethereum and other altcoins but, they've just find a way to print money out of nothing by doing this. There's also the renbtc, it might still be inline and pegged to btc but who knows until when?

I agree but we don't understand why there are still people that will choose to hold it from the actual and real bitcoin. I guess it's just all about laziness and they're confident that nothing will happen and won't collapse.

Thanks for that additional link and for the reason. Usually, projects that are smart contracts and is just sitting on another chain can easily be manipulated by whoever has made it. It took a long time before this has been depegged and just like the crash of UST, this could be continuous.
I'm not wishing ill those that are holding wbtc but it's not the real bitcoin. They better buy the actual bitcoin and hold it as is and not with a smart contract that could be badly dumped by whoever has made it. I just looked at the pricing again and its still around value and price of its DE pegging.

I'm not also affected by this but everyone who's started to notice it has also shared so that before anything happens big, they could their assets from its possible collapse.
Bringing it back to 1:1 can be done by its community naturally but if it's the opposite that's being done by major holders of it, then we might not see it again par to bitcoin's price.

I saw this post made by Trading View that Wrapped BTC(WBTC) has been depegged to bitcoin for 14 straight days. To those that are into WBTC, you may take this chart as a potential warning.

https://www.facebook.com/tradingview/photos/a.802024629816535/5993085974043682/

And after looking at this chart, I've compared from a few sources, cmc and coingecko for its price. So for those who don't know it yet, wrapped bitcoin is like USDT that's tied and pegged to dollars while wrapped bitcoin is tied and pegged to bitcoin's price.

But look at the difference of WBTC which should be pegged to bitcoin's price. I know that there's a difference for different source of market prices. And with these two sources, coinmarketcap and coingecko, looking at both wbtc and btc that proves that it's not tied or pegged to btc's price anymore.


[Two images at top from coinmarketcap.com]
[Two images at the bottom from coingecko.com]

With the bear market and things happening to exchanges and projects, it's possible that this (WBTC) could be the next to bite the dust.

REMINDER: WBTC IS NOT A REAL BITCOIN.

Sources: https://www.facebook.com/tradingview/photos/a.802024629816535/5993085974043682/
             https://coinmarketcap.com/currencies/bitcoin/
             https://coinmarketcap.com/currencies/wrapped-bitcoin/              
             https://www.coingecko.com/en/coins/bitcoin
             https://www.coingecko.com/en/coins/wrapped-bitcoin

It's not a problem these days as most websites where you're logging in or even as a guest, it's all recorded. You can't skip the process because all of them collects our data.
And expect soon that even those decentralized platforms or any type of website that claims that they're not collecting your data or IP address, they'll soon change their terms and will say the same thing.

It's one of the best and unforgettable fight. And we got to see rematches from these two, but this won't happen anymore.

We have different thoughts on that situation. For me and the rest, we think that it's better for him to assess the situation and be passive-aggressive during that time so that he's aware that a lucky punch might come.

I don't think that there will be someone who will attain the same achievements as Pacquiao. He's a beast and a dedicated boxer to his craft, the passion is there. But who knows if someone comes out with the same passion and dedication of what he's achieved.

True, there are other exchanges IIRC like etoro has done the same when there's no withdrawal for the actual btc and other crypto that they have. It's like the users are only playing with numbers but in reality, they don't hold anything but only see the projections on how much they own inside the platform. They got no keys but only usernames and passwords plus the numbers that they believe they really own it but unable to withdraw. On this case with JP Morgan, that "trademark" that's being hyped by the media is likely what they're capitalizing for them to have more users trust them with their crypto.

Well, when I've watched the episode and as a bitcoin folk, it made me thought about it as we know satoshi only by his name and with all of those theories and conspiracies. It's got into my mind. That's it's a probably and a theory.

I just thought of the name and until Welsh have said that it's a common name, that ticked my mind and did my research as well and saw that it's a common name in Japan. I don't know about that since I'm not a japanese.

That's it, it made me outright thought of it so quick just because I saw his name and surprisingly as someone who's been watching this anime when I was younger. I have never thought that his japanese name is satoshi thus, satoshi, the real one might have just picked this name as we don't know what's his real nationality.

Yes, I know that and I've only seen a reference without Ash Ketchum's japanese version of surname but only name, satoshi. It's on the original post that I've made. I'm not saying that there's direct connection to bitcoin and pokemon but satoshi and the probable reference where it's taken as a pseudonymous.

Amazing. So it's like a central source of wisdom/reasoning? He's certainly a genuine genuis guy.

Wow, thanks! so in theory that in lines with the other theories that I've read, it's "they".

I've known that joke as well but that's hell of reference for entertainment just like what I've thought about watching the highlight and seen in the subtitle when satoshi's name appeared.

Exactly, it's just a referred name probably by the team or himself elsewhere to make it more confusing and put that attention that they or he's a japanese. On the latter of what you said, it's true that's why we all admire him and every thought that an individual like me hits it whenever there's something that "might" be close and related to him as a speculation by a mere person like me.

Thanks! This discussion has given me more information about the references and more detailed ones for those explanations that have been shared.


Yes, that is and there's more that. That's what I've known after realizing the first reply on this thread and made me googled it asap and saw the meaning of it.

That's the guarantee that we got. We'll never know who actually he is or they are. A mystery that will never solved unless someone or a group appears with strong evidence to claim that they're or he's satoshi.

Truth to that and the one that I've researched after realizing things after making this discussion is about the masculine thing and then added more from the other contributors of the forum about the other meanings of it and I liked the most about being the central source of wisdom.

Just another speculation that has just been thought by a playful mind and far from any other better resources that we've got on this thread.  

'twas too late for me to realize that it was a common name there.


Btw, happy thanksgiving to everyone.

I feel you brother! But don't you worry, everything's going to be fine again soon. And as you DCA, keep doing it and don't lose hope because you're doing the right thing at this time. You may have lost that opportunity from the last bull run, there's still going to be the next bull that we'll see a few years from now. There's no guarantee but we all know how cycle works and we've seen it happen before and there's a bigger chance and possibility that it will.

Yes, the ATH was $69k and the $64k was just a way of it. But those tasks that were paid in dollars, they're converted into bitcoin and they got lesser because of the high price during that time.
Is that someone else you're talking about is Elon Musk? Or there's someone that has been attributed with that price increase and ATH?

The world was shocked with that counter and outcome of the match. When Pacquiao was owning him and leading in the perspective of many, that didn't do well when Marquez was able to see an opening and got lucky successfully by doing that punch.
It's one of the biggest match in the history of these two boxing legends that will never be forgotten. It's carved and will always be talked about when people starts talking about the greatest matches of this era.

Yes, the equivalence of bitcoin remains to be there. And when someone is feeling down with the market, they can just go back to a thread like this or any other thread that's showing how huge the market has went already. If it's not for the cycle and pattern that has been shown, many won't be optimistic as we are because we know that the same thing will just happen and repeat.

Sadly, those that have bought at the top has to keep until it goes back there but those that have no chill and lost their patience, they've probably sold at loss already. About your question with halving, well, it's a sure boost to bitcoin's price because on how it cuts the reward for the miners, we're just going to look at the part of its lesser supply but higher demand. It's really the main factor of why the price of bitcoin goes up, it's been recorded if we start looking at those numbers in the past up to this time.

Yes, it's possible that the other translations are wrong but I've looked for other videos and they're telling the same name for Ash in Japanese version, Satoshi.

I think you're right that it's a popular name in Japan with regards to masculine for men. But I've just thought of it that maybe there's a relation to it since it's a popular anime ever since.

True, after more than 2 decades, most of its fans and followers have grown up.

Roobet signature campaign is now back as CFNP.

---

Winz.io signature campaign has an open slot for member pay. Any rank can apply as long as they agree or tell that they're okay with the rate as member rank.


It's now full.

Truth be told, no other intention but to make money for the benefit of their company.

Most likely they don't care what the news are all about, they lean on the idea that their funds are on a "reputable exchange" after all. And that's why they still trust them to keep their money there. But, soon, they'll learn the biggest lessons of their lives if they don't listen to people warning them about taking it out before another big scene and event has been made by another centralized exchange or company.