Or result same as a bitcoin reinflation, where it sort of oozes more slowly up through the ATH, and then begins the 'much faster' part... |
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Green candles everywhere  |
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 Yay or nay ? Rick and I are wondering. Certainly the asteroid is almost here now? Someone got hold of your big ball of crack... |
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DeFi as an actual useful technology is certainly interesting. But the initial build was all nonsense. And like everything else being built to spam the ETH blockchain it is a mistake, and building a sidechain or drivechain pegged to BTC and rooted in it's security is what is going to happen. Maybe this Atomic Finance group is in that category... seems so. Also, there has to be an actual reason for a product aside from NUMBER GO UP pump and dumps. We are standing on the precipice of a many month to 2 year BTC bull where BTC dominance rises significantly. Nothing really exciting will be happening in the DeFi space aside from actual companies quietly building actual products with the hope they will be ready after the spotlight is off the Bitcoin moon that will have the whole world stunned. Ironically to some extent this fuse is being lit by the money coming back to BTC from the DeFi casino madness. For a little while that's all people are going to see, IMHO... And all this is dependent on there NOT being a huge multi-state attack on crypto led by the CBs which is a fairly real possibility. I do also think the "not broken yet" alts with real world purpose will move north alongside BTC during this move either holding their XXX/BTC value or even rising in some cases. But I doubt that will be very many projects at all. I will not be surprised if ETH performs less well in this regard having just taken a huge hit with the end of the DeFi Casino era. Oops! I just noticed my crystal ball has a huge crack in it... hmm... Nevermind. All that is probably wrong, I guess. You'll be OK. Just stay off the crack. |
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You still crack me up, even without your words  |
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Buckle up people, XMR is leaving the launchpad, breaking resistance against FIAT and BTC.
The more I've seen this in the recent days and weeks, the more I think this price move is related to: https://www.cnet.com/news/us-largest-dark-web-market-bust-seizes-6-5-million-from-179-drug-dealers/The general "theory" is that Tor was exploited, but instead they talk about tracing Bitcoin transactions. I'd put money on the fact they successfully analysed BTC transaction, whether through mixers (that have proven to be flawed), then easily associated these transactions to exchange withdrawals, debit card uses etc. Seems like drug lords are learning to launder their money properly again, in a secure manner. Add in ever increasing scarcity for an explosive mix... Reminds me of the $1.xx range, where it was just becoming impossible to short it into the ground anymore. |
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CAD very strong today too. It should be nothing but a sucking sound... |
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It's funny you bring this up. I have just been doing some looking into the places that are pushing volume, particularly the "legit ones"
Because I would think we could know something about where the volume is coming from if we know who trades where as in China, etc. Or if it is likely to be a single actor. If Polo is the big volume that second theory kind of lights up a little.
I wouldn't say it's the big volume. (At least) One entity is buying above general market consensus there, hence higher price. Yesterday, and today, big (for polo) limit buys @ .0105 just left to actually fill, as general market drops away instead of the more typical pulling and reinstating lower. That is accumulation when applied to such a small piece of the pie. Entertaining to speculate on the whys and wherefores. There goes .0105 guy again. Third day in a row pull back once his bags are filled? |
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We are still early  Jack Dorsey has always been a flag-bearer of bitcoin. So it would still be early to consider that buying bitcoin as reserve is becoming a corporate trend. Morever, he said that purchasing bitcoin was in-line with the company's purpose. Are we going to see Square - Crypto Wallet soon? It DOES seem that positive things are speeding up for BTC adoption and ease of use: -- MSTR and @Jack buying in -- Lots of talk about others entering BTC space -- LibertyX making it cheap and easy to buy BTC (after KYC), not necessary to work with exchanges -- BitPay apparently offers a debit card that would allow for use as a MasterCard and even to withdraw FIAT$ at ATMs. The two immediately above are important advances. Hmm, perhaps I should try and get one of Bitpay's cards? Another project, but that allows spending BTC easily. GREAT for liquidity. EDIT: Has anyone gotten one of Bitpay's debit cards yet? I believe someone was talking about it here just the other day... |
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/repeated rant on
I watched as a young child as my parents marched in the 60's for civil rights and to end regime change wars. I watched them march in the 70's over gas shortages engineered by nation states and big oil companies. These entities operating with complete disregard towards environmental consequences and without a ounce of moral decency.
They carried this fight into my adulthood in the 80's and 90's where I picked up their cry and joined in protesting and being 'green' as we know it now, before it was even really a thing. Somewhere in the back of my mind this thought that they would live to see the changes we had all dreamed of.
The dream of not passing on this continued criminal neglect and destruction of our Planet.
My parents are gone now and I am left with carrying on the fight as best as I am able. Teaching my children as I was taught as best I can.
That this Earth we call home is it.
There is literally no other place to go...and why would we? As much as I advocate a colony on Mars and for humanity to expand into the final frontier of space we need to take care of our own backyard first.
Saying that, it doesnt have to be one or the other..it can and should be both...and more.
We are capable of so much...and we have more than enough resources AND production facilities for everyone. Many times over if we take a responsible long term custodial approach to this amazingly beautiful place we live on.
I have been lucky enough to travel some..and I can tell you I have wept with joy and wonder at the shear awesomeness that is Mother Nature. The grand vistas and profusion of life that abound throughout multiple ecosystems.
Our Mother is hurting now...and it is past time for change.
In my lifetime I have seen the gradual changes that are now increasing more rapidly. Event piling on event in cascade towards a future where life as we know it might not be possible on the surface of our planet anymore.
I am sick and tired of it. It has to change. I am unwilling to keep passing this off to the next generation.
We have to act now..before its too late.
/repeated rant off
i don't think greatness of nature is in danger. the ability to support humankind is. we will have to rely on technology I am afraid. Look at the charts. Human population is clearly in a bubble, and arguably at a blow off top. Nothing but shorting going on from here and the sun will take care of that if we don't self-annihilate fast enough. Bitcoin has a 4 year cycle, the sun has 12ka cycle, and it's time! |
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https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework“The United States has been enormously successful blocking funding terrorists, rogue regimes, and their supporters from funding their activity using traditional currencies,” said Task Force member John C. Demers, Assistant Attorney General for the National Security Division. “As the Cryptocurrency Enforcement Framework explains, we will adapt our strategy and tools to 21st century financing, including to combat further the use of cryptocurrencies to evade enforcement and harm our national security.” plus a further 83 pages, linked at bottom  terrific lot of wank to wade through  Now it seems more believable. |
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$10900 pushing for 11k any minute...
or not, you lazy bastards.
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Tuesday 5th May 2020 - WO BTC millionaire tracker.
112.93 BTC to have $1,000,000 USD right now.
It’s been a while gentlemen  Look how much it’s come down since May  Sunday 23rd August 2020 - WO BTC millionaire tracker.
86.3425138450221 BTC to have $1,000,000 USD right now.
Wednesday 7th September 2020 - WO BTC millionaire tracker.
93.7434 BTC to have $1,000,000 USD right now.A month old, or typo? |
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It's funny you bring this up. I have just been doing some looking into the places that are pushing volume, particularly the "legit ones"
Because I would think we could know something about where the volume is coming from if we know who trades where as in China, etc. Or if it is likely to be a single actor. If Polo is the big volume that second theory kind of lights up a little.
I wouldn't say it's the big volume. (At least) One entity is buying above general market consensus there, hence higher price. Yesterday, and today, big (for polo) limit buys @ .0105 just left to actually fill, as general market drops away instead of the more typical pulling and reinstating lower. That is accumulation when applied to such a small piece of the pie. Entertaining to speculate on the whys and wherefores. |
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Definitely accumulation going on. Buy orders on polo up 25% and significant wall action keeping a lid on it. Certainly a small fry exchange compared to the volume proportion of yesteryear, but indicative. It would seem that this is gentleman.
Yep, the sell side for XMR/BTC hasn't moved much on Polo, but the buy side is up a lot. Monero is third on Polo for volume in BTC. Not as high on the Polo Tether market - but still high there too. In spite of current BTC dip, support is reasonably strong. All still looking good. Supply tightening is starting to show. That said, the next month or so is inevitably going to see fun and games in legacy financial markets to keep things unpredictable. Poloniex leading the XMR-BTC charge with aggressive buying. Doesn't seem logical, but I trade (dabble for peanuts) there for legacy/laziness reasons, I guess I'm not alone. Just seems odd, with such limited liquidity. I guess after a 2 year break I'm still addicted, because I should be going to work, but chart watching and button poking is so much more entertaining   |
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^ Got yourself a vacant cruise ship (conveniently already registered in a tax haven)?
MS Satoshi Oh yes, I bought a cruise ship The Crypto Cruise Ship  I want the hostesses with miniskirt and hat WO Also a shooting gallery You are a born entrepreneur, I wish you good luck. We were just talking about a shooting gallery. Skeet shooting off the starboard bow, commencing 16:00 daily! |
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Definitely accumulation going on. Buy orders on polo up 25% and significant wall action keeping a lid on it. Certainly a small fry exchange compared to the volume proportion of yesteryear, but indicative. It would seem that this is gentleman.
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Not to defend McAfee but an international arrest warrant for tax evasion is not really great (and I'm not condoning tax evasion).
He should have stayed in a country that is a bit less a puppet of the US.
ftfy |
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