Tee hee hee

The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value.  That’s because Bitmain paid over twice what those Bcash lol coins are now worth.  Suckers.   No wonder they want to IPO - they are desperate to dump their Bcash lol bags.

The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins.  I wonder if any Chinese are dumb enough to fall for it.

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

They were trying to make Bcash lol more valuable than Bitcoin by restricting supply (and touting it to increase demand). Bitmain holds all the Bcash lol it has ever mined in a huge wallet. They have been losing money since day 1 trying to flip Bitcoin. 

They used every tool at their disposal.  They might possibly have pulled it off but enough people have seen through them.

Not sure this is quite what you had in mind

It is quite sad to learn that Jihan Wu and Roger Ver have sunk their battleship

Pop goes the weasel

Oooh that’s nice and bearish. Maybe the bottom is close after all.

Nothing to do with the ETF.  We are still cooling off from Dec 2017 and building towards 2020. 

50% + is a pump.  This is a necessary blood letting of shitcoins.  BTC will reassert it’s dominance and build the foundations for the next bull market.  

Shitcoins minimizing...

Thanks Elwar.  A good lesson for all of us to learn from. 

USD / Turkish Lira.  This is exponential inflation. 

You know something has gone to shit when they IPO it. 

Which is why I have made one trade in the past 3 months (a buy). Fuck that noise I’m holding.  

Feeling the burn @6457 on Stamp.    

This bitch needs a hard reboot.