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Undone by ether
Or blacklisted by tether
Which one is better?
#haiku
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Tether is little more than disguised fiat.
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I see a pattern.  And if not…. Then we just make the first yellow line a longer one…. So always there will be a pattern  I think the idea is that both yellow lines should be horizontal. I might be wrong though... |
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A fairly detailed "The State of Things" report by Will Clemente. https://www.blockwareintelligence.com/p/blockware-intelligence-newsletter-f67Here are a few snippets. The whole piece is worth reading. It packs a lot of information in a fairly short read. With that last part in mind, I was personally doing a fair bit of Bitcoin shopping last night. (not financial advice of course) Why? Because we are at massive macro support, the invalidation for the idea is so clear, and this is the last level that makes sense to do so from a risk-reward standpoint.
The overweighing factor for the crypto market and all risk-on assets is the fear of monetary tightening and the effect that will have on markets. This is the trade-off of Bitcoin becoming an institutionalized asset - we will see it have a stronger correlation to macro and traditional markets.
Stablecoin margined open interest on Binance specifically is still near the highest it’s ever been. Even after this recent price action which did wipe out a few hundred million dollars in open interest, still a long way to go.
You’ll notice I haven’t talked about on-chain much in the last month or so either on here or on Twitter. The reason is because when open interest is built up so much, derivatives data matters most.
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This needs a #nohomo tag. Quickly. |
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I really recommend VR to everyone. the "metaverses" you see in the news are pretty much garbage, really interesting stuff is going on right now that is years ahead of anything big corps can put out. You can have actual facial expressions, emotions, eye tracking, face tracking, full body tracking, haptic response vests, haptic gloves/hands, etc. your brain thinks its real....so its real. welcome to the matrix. You can have a fully wireless setup with 10+point tracking and dance in VR and its pretty awesome. like https://youtu.be/kqNzBrvEk8s?t=667Offended? Not at all! On the contrary, I'm going to join the Metaverse soon. Waiting for 10+ point tracking wearables with 10+ point haptic response. Nether wearables. |
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Just thinking aloud here, god awful price. Really looks like someone is just trying to push the market down time and time again. In the mean time on-chain data is still pretty positive, how long can this divergence last I wonder. Keep thinking we should see a move in January at least, but the price isn't making much sense to me anymore.
I hear ya, bullish divergence everywhere, but not -yet-in the PA, brutal PA if you ask me, how long can one be shaking the tree? I have the feeling 2021 PA is so slow... strechted over weeks/months There used to be a saying about rationality, solvency and time, but I can't recall it right now... |
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Shorters are being relentless lately, indeed. One already got rekt.
just one? is there a famous case on the interwebs? Not too famous, but relevant because recent. |
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Shorters are being relentless lately, indeed. One already got rekt. Next up? A few may succeed, but how much burnable fiat do they have on their hands?
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I am actually kind of wishing that some entities that are not sufficiently covering their exposure to bitcoin by engaging in some kinds of fractional reserve practices
-snip-
get reckt as fuck..
I still say that the next 1-9 months are criticaltm.
+1 on both points |
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Currently covid positive (and my son too). Light flu symptoms.. nothing to worry, it seems.
Suffering from power outages in my 3rd word city of Buenos Aires.. damn heat waves all week long.. isolated due to covid.. and the corn doing nothing.. what could be worse?
The same, and the corn going down. Be well soon, you and your son! Lame omicron, it's just a flu(TM) hopefully. |
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No down before up? Muh famili, y'know, short, gu gu gu...
BTW I see you're a legendary now. I must have missed that (along with the rip to 400k and up). My congrats!
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From $69,000 to $420,000, People will still say we missed the train.
Aww sheiit it must have happened while I was sleeping. So I did miss the train, and now I'm stuck under 50k? |
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Actually i've been waiting for the male-british-gay version of Jeanne d'Arc for too long. But i fear Hollywood will annoy us with Joan Rambo first  Sigh... I can't wait to watch that show where they portray Anne Boleyn as black. Fuck this Goddamn space rock. As long as there are people who can see and fight the nonsense we will eventually get back to where we need to be. This madness cannot last forever. Though there are times I am close to giving up... It is rumored that Anne Boleyn was the granddaughter of Kunta Kinte himself. Or was it MLK's stepsister? Can't remember. |
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What is going to happen to all the stable coins when the currency that they are representing becomes hyper-inflated?
They stay pegged to hyperinflation, and the holders get pegged too - in a different way. |
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But nowadays when I see movies I almost cry.
In the olden days the garbage had to be at least good enough to convince you to fork over $50 for popcorn in a movie theater. Now they don't even need to worry about that, as long as they get your credit card number and continue to charge you every month for whatever shitty streaming service (seriously, what's with all the pluses, Disney+, Paramount+, Apple TV+) they can sign you up for.
They are literally changing the dialog of every movie to make the white guy a bad guy the black guy the little girls helper and the little girl the savior even when she makes all self centered decisions. It is all a puke fest that I can't wait to end but fear it won't until after I am dead and buried. I would not mind soo much if they did that with all new material but they are grabbing all the stuff I loved as a child and destroying it. Some new Netflix series inspired by Sherlock Holmes, kid stuff... and Watson is black. Around those times, Agatha Christie still used the N word in their titles. She had to turn them into little Indians during her lifetime. Next thing you know - In the 2022 Academy award winning cinematic version, King Lear is a queen. A lesbian black woman with a soprano voice. |
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Good evening WO,
Seeing sub 47K.. Damn, all of us (except Proudhon) didn't expect these (low) BTC levels for this period..
NOT TRUE!  I announced that we were going into a bear trap. It has only gone on a little longer than I thought it would. :/ I also kind of smelled a bear trap disguised by the latest pumplet. The length is fine IMO. I just hope it wasn't just wishful sniffing though. |
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which of you did this yesterday?   Whoever it is, I wish them happy retirement, well deserved. As long as they don't dump them on us all at once... Not pretty news to hear just today. |
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