^ Today’s rumor seems to be that the Nets aren’t happy with Kyrie and might not extend another contract offer to him. That’s already having people calling for him to join the Lakers. There just isn’t enough money to pay for Kyrie, Bradley Beal, Demar Derozan, along with LeBron, Anthony Davis, & Westbrook. I’m not sure if they’ll be able to make any moves at all. Lots of smoke, but I wouldn’t be surprised if they run it back with the same squad next year just because they can’t make any moves. We’ll see. Lots of rumors…

As the Lakers rumors start to heat up, the latest nonsense is that they're going to do a sign and trade to acquire Bradley Beal.  I don't know how on earth they could pull this off with the salary cap and saying they're going to keep Russell Westbrook, but for some reason they seem to think it's a possibility.  Personally I think they should be targeting Demar Derozan, but he actually wants to be a Laker so maybe they figure they'll be able to get him down the road or something...  Funny to see crazy rumors already about the Lakers.

Seems like the big boys are having trouble liquidating Celsius the way they want to. You can see all the middle of the night high volume dumps where someone was attempting to manipulate the markets downward. A lot of talk that it’s exchanges trying to force their own customers to be liquidated. This market’s goal seems to be to liquidate every single long and short until all the leveraged traders are wiped out.

The lawsuits are going to come fast and furious now.  Elon being sued for promoting Dogecoin (he tweeted last night that he will continue supporting it, likely as evidence against his case), Coinbase sued for promoting TerraUSD...  I'm sure every exchange that offered that garbage will be sued by thousands of individuals.  I'm just waiting for Saylor to get sued for telling everyone to mortgage their house to buy BTC above $60K, or him and Samson Mow being sued for saying Bitcoin will go up forever right at the top.  I wouldn't be surprised if these people were dumping all they could while telling you to give up everything you own to be their exit liquidity.  One thing I'm certain of, there will be more lawsuits.

Peter Schiff is funny.  He takes every chance he can to troll Bitcoiners.  You can see he breaks during interviews sometimes (especially with Pomp) and you can tell he doesn't even believe the things he's saying.  He recognizes that he's a talking head and he purposely talks his supposed position.  I promise you that Peter Schiff owns Bitcoin, and not just the satoshis people sent him back in the day.  I don't believe that he thinks as poorly about Bitcoin as he speaks.  He's just doing what's expected of him as a gold bug.  I wouldn't be surprised if he was stacking sats this entire time himself. 

The obvious answer is that an American spot ETF approval would unleash a flood of investment money into Bitcoin. I think more important than the catalyst to rise is the headwinds that Bitcoin faces. I think once we get beyond the 2 major upcoming sell events it will be off to the races. Mtgox coins being sold on the market and ETH 2.0 coins being unlocked and sucking $ out of the crypto markets. Once those events are in the rear view it should be sunny skies.

It’s obviously just a bad period. The question is how bad will it get and how long will the period last. I would urge caution from those who want to rush into the market. A downtrend like this usually hits bottom and has an accumulation period that can last a year or more. There’s plenty of time to get in. Don’t get burned trying to catch a falling knife. Especially with leverage.

Well, I priced them in BTC and I’m looking to sell them all before a price change is needed. I only have a couple of the NastyFans rounds left, but I’ve got a few dozen of the NastyPool rounds that I can sell. If you ask nicely I can even include them in plastic airtites. PM me if you’re interested. I’ve heard of a couple people flipping these things for huge premiums on eBay. Maybe they can act as someone’s saving grace after this BTC price drop.

It’ll go back up man… Wall Street is pumping it. They’re just making sure that it’s the rich who stay rich, which means absolutely destroying anyone who tries to cut the line and play with leverage. That’s all that is happening. Once they’ve bankrupted all the companies using leverage and bought as much BTC as they think they’ll be able to charge management fees for, the next pump will begin. It’s really not a complicated game they’re playing. They play the same game with our economy and stocks, but with Bitcoin it’s every 4 years instead of every 15. I think the true all time high pump won’t be in until the Saudis start cashing out, and it looks like they’ve just started accumulating.

I wonder if Saylor learned anything from Do Kwon's idiot plan to publicly telegraph giant buys of bitcoins.  The big market players literally bought into his buys, letting him pay top dollar, then shorted him into bankruptcy.  Now they seem to be targeting one company after another.  Celsius and 3 Arrows Capital seemingly becoming the latest victims.  It appears that both have been able to raise a little bit of funding to help lower their liquidation number, but the market keeps targeting it, seeking to punish those who trade on leverage.  I'm not sure the big boys will stop until they've cleared the leverage out of the system.  The timing of this happening right before ETH 2.0 and mtgox coins are distributed seems like they're creating a perfect storm again.  Typically you see this happening with bullishness during rallies, so it's a bit frightening to witness on the way down.  I expect this drop will end with a giant volume spike and a massive rebound.  So far we're seeing slow motion drops causing all sorts of pain.  That to me means there's more pain ahead in the short term.

I'm seeing Stake sponsoring videos for some of my favorite social media influencers recently.  This has me wondering what other influencers they might be sponsoring that I have no idea about.  I don't see announcements when Stake sponsors Nelk or Stevewilldoit videos.  Is there a place somewhere that we could go to review all the influencers being sponsored by Stake and maybe links to their various channels or videos?  I'd think Stake has to be spending a pretty penny on sponsorships these days, so it seems logical they'd want a way to promote all their sponsored stars.  Does this exist and I'm just unaware? 

I guess my opinion would be that Doge underperformed from the highs a great deal, so maybe it's already been waiting at the bottom of the cliff for everyone else to catch up...  Bitcoin is down something like 70% (ballpark figure) from the highs, while doge is down more than 90%.  I have a hard time considering that outperforming.  Sounds more like wishful thinking.  Doge has some bright spots though.  If Elon does manage to buy Twitter, I wouldn't doubt it if he adds Dogecoin tipping and tries to really get that currency to take off as a way to show you like tweets somehow.  As far as shitcoins that were created as jokes to scam a little money from meme users, Doge is the best out there.  I wouldn't go expecting it to break $1 anytime soon though.

OK, so the 2021-2022 season (this thread really needs a subject update, it's 2 years behind now) is in the books.  My question is, where are people going now to get their fix of basketball?  Are we all just waiting for summer league or the latest trade news?  I was thinking maybe I need to get more involved into international basketball, as I prefer that to college.  Anyone have any tips for me to help point me in the right direction?  Would love to get a year round basketball routine going so I'm not forced to watch baseball or football to get my athletic fix. 

What makes you think it's cloudflare blocking this?  Wouldn't it make more sense that it's code within the forum infrastructure that is altering the code as it may be possible to exploit it somehow?  That would be my first guess and seems to be the most logical.  Are you seeing something that makes you think cloudflare is altering your posts?  Personally, I don't think that's what cloudflare does, or is capable of doing.  I thought of that service as a router of data and to block malicious attacks, not alter text for users who are trying to use the protected website.  Seems like one of us is missing something here.

It's still a business.  With aging contracts like Green's, the Warriors need to be careful they don't spend themselves into a losing franchise once their big 3 is aged out of the league.  Green already looks like a buyout candidate.  Thankfully Poole and Wiseman have friendly contracts (for now).  Maybe that will help them bridge the gap to building a team for the future.  Their window with this team is closing though.  I think without Wiggins they wouldn't have had a chance this year, and I think Green is going to start getting a lot worse as time goes by.  I think Wiseman is going to have to develop quickly and become a serious part of this team if they want to keep winning while Steph is on top.

$1 equals $1 as well.  1 pubic hair still equals 1 pubic hair.  Crazy how that works.  I'd give as a rebuttal that the BTC I sold a couple of months ago are worth 3 BTC now.  While it's fun to pretend there's a Bitcoin standard, there just isn't.  It's as speculative investment as a person can make.  I'm pro-Bitcoin, but I hope people realize that the guys who are telling you 1 BTC equals 1 BTC are the ones also taking their companies public and trading their entire Bitcoin existence for massive amounts of dollars, or trying to use those Bitcoin to get people to give them dollars to manage it for them, which they will charge dollars for.  Don't be a fool.  Bitcoin isn't about having nothing to lose, it's about protecting what you do have.  We've gotten way off course.  I hope a drop to $10K acts as a course correction.

This checks out.  Things don't always have to be extremely complicated.  In fact, I think it was Einstein would said if you can't explain things simply, you do not understand them well enough.  I think this is as true as ever with the Bitcoin price.  Give a 6-year old a crayon and tell them to finish the pattern of the Bitcoin price.  I can assure you that an entire classroom of children would look at a picture showing the long term trend line and draw that price right down to it.  It's not some crazy mathematical prediction model.  It's really as simple as the fact there was a bubble, and now we're returning to the mean.  No amount of politics and drama effects that.  The liquidations and "market swan" events we're seeing is a result of the price returning to the mean, the price returning to the mean isn't a result of the liquidations...  It was going to happen.  All that's left now is to set the narrative.

I don't think it's out of the question for Bitcoin to revisit the long term trend line, which is now just below $10,000.  It was clear after the double top that the pump was over for this cycle.  If I were to pick an absolute peak moment where you should have sold, it was when Samson Mow and Michael Saylor were in the news saying that Bitcoin was going to go up forever.  I knew I should have sold every last satoshi after seeing that interview...  Hindsight...  Just keep an eye on the talking heads.  Blockstream still thinks we're going to see above $100K this year, so I'd wait until they throw in the towel and start casting blame for why we're dragging new cycle lows before selling your possessions for BTC.

So much for the claim the BTC has never fallen below the previous cycle. Just yesterday I feel like Saylor was on tv saying nobody has ever lost money on BTC that’s owned it for more than four years. A shame that is no longer true. I guess it’s a sign of a maturing market, but with all the doom and gloom out there it feels a bit like we’re about to fall off a cliff price wise.

I'm just curious if we'll get to find out more information about the hack.  Seeing some of Razzlekhan's talks about social engineering makes me wonder if this was all done via a computer hack, or if they really got themselves into a physical position to exploit some social engineering hack.  I'm also curious if it was just one of them that pulled everything off, or if they were working as some Bonnie & Clyde team.  I'd love to think there was some crazy story and real life Catwoman style break in accompanying the hack, but I guess it's more likely that one of them were just messing around and found a loophole from their bedroom computer.

No idea what will happen to them, but I'll watch the movie.