Toxic2040
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March 17, 2022, 06:27:33 PM Merited by JayJuanGee (1) |
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the noon wall report at 11:27am Big long flats again for observation...its a nice look showing considerable support and clear definition at the $40k range. Long and short battle wrapping up tomorrow with a couple hundred milly on the line. Expect fireworks once the smoke clears. Paper traders and MSM would have you believe bitcoin is just another asset class....its not. dyor 4h  D  stronghands |
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Biodom
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March 17, 2022, 06:42:07 PM |
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Paper traders and MSM would have you believe bitcoin is just another asset class....its not.
I wish we would get an asset class valuation first (at least $10-15 tril aka $500-750K per) before having serious dibs on larger inspirations, which are more down the line (could be a decade), imho. |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 17, 2022, 06:56:00 PM |
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To be a billionaire and not own Bitcoin is pure stupidity. Firstly, so what if it's risky, you're a billionaire you can afford large drawdowns. Secondly, you're a Russian billionaire, Russia has been targeted with sanctions for years now (including individuals), you really should of been prepared for this. Surely, he would at least have some gold jewellery floating about that he can off load. Story sounds like bullshit to me. He should have bought some bitcoin and gotten himself a Binance card. Having survived numerous lockdowns and self-isolations over the last couple of years and now not being able to travel or work anymore having shunned the vaccine, I can sympathize with him. If not vaccinated against covid, I would be unable to board my private jet, train or yacht. As much of the "free" world has discovered recently, freedom has a way of routing one out and embracing them wherever they may reside. So glad I live in the free world. Unfortunately, Bitcoin and a Binance card doesn't fix this. I guess I should be thankful that I can still travel to those parts of my country which are accessible by car. Those are good points Homer.... A lot of folks had been thrown off by the variety of distractions and government controls over the last couple of years, which in retrospect seem to justify more preparations rather than fewer preparations, and even multi-billionnaires (seeming oligarchs) had ended up getting thrown off, as well. Of course, some of us have recently come to realize that some of the draconian freezing of assets/accounts have demonstrated that it can be quite difficult to make preparations once the news comes out about the "need to prepare" and so in that regard, it could even take several quarters or even years to really set up systems that prepare - and give options during those emergency times. We are not always going to know if we are sufficiently prepared.. and yeah, it does seem surprising that anyone with assets that go into the billions would not have exercised some kinds of diversifications in terms of ensuring access to decent chunks of wealth in the event that some forms of wealth get blocked, frozen or seized. I thought that rich people hired other rich people to help them regarding those kinds of matters - including having "secret" bank accounts and other "secret" ways of holding assets - but surely, it could be a problem if even the "secret" bank accounts/etc ended up being less "secret" than previously anticipated. Paper traders and MSM would have you believe bitcoin is just another asset class....its not.
I wish we would get an asset class valuation first (at least $10-15 tril aka $500-750K per) before having serious dibs on larger inspirations, which are more down the line (could be a decade), imho. It's strange that you seem to believe some kind of threshold has to be reached in order for bitcoin to matter. Bitcoin has already largely won. Yeah, sure we are likely to experience volatility and quite a few more battles along the way.. and maybe even several traumatic outcomes that may well even involve mass targeting of individual bitcoiners.. so surely there is hardly any kind of guarantee of any straight-line UPpity when we are within the likely early stages of the largest wealth transfer in human history... and sure, I am not even downplaying a possibility that it could well take us a decade to get another 10x even though we already experienced an average of at least one 10x every four years.. Yes, many of us know and appreciate the old trope that historical performance does not guarantee future results.. even if we may well understand that 10x in the next 10 years is pretty damned bearish - even though it still would be a quite decent place to put value (even if seeming to be relatively bearish in the scheme of what bitcoin is and what bitcoin is going to continue to be). In any event, it well could happen that there is a long period of flat in bitcoinlandia in the coming decade - even though I would not put too much value in failing and refusing to prepare for UP.. and for sure, if we maintain somewhat conservative expectations regarding bitcoin's future performance, then any performance that goes more bullishly beyond our conservative expectations would psychologically (and financially) end up serving as "icing on the cake." |
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eXPHorizon
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Precision Beats Power and Timing Beats Speed.
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March 17, 2022, 06:58:26 PM |
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ChartBuddy
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March 17, 2022, 07:01:22 PM |
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Copetech
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March 17, 2022, 07:07:41 PM |
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Hi guys ... had been absent for awhile. My father passed away and I have to go visit the country. The little coin I have left has been spent. If anyone wants to help, you can always send me a message. The war is just bad. I have everyone vax'd but still need a bunch of paperwork just in case.
Was a bit concerned... glad you've pulled through and terribly sorry for your loss. |
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gembitz
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March 17, 2022, 07:12:52 PM |
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Hi guys ... had been absent for awhile. My father passed away and I have to go visit the country. The little coin I have left has been spent. If anyone wants to help, you can always send me a message. The war is just bad. I have everyone vax'd but still need a bunch of paperwork just in case.
keep safe out there bud  all the best |
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Paashaas
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March 17, 2022, 07:28:41 PM Merited by JayJuanGee (1) |
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Toxic2040
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March 17, 2022, 07:37:57 PM Merited by JayJuanGee (1) |
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Paper traders and MSM would have you believe bitcoin is just another asset class....its not.
I wish we would get an asset class valuation first (at least $10-15 tril aka $500-750K per) before having serious dibs on larger inspirations, which are more down the line (could be a decade), imho. two to ten trillion is swirling around right now looking for better returns...and frankly...any return. Cutting off and basically destroying a nation states economy is a serious wake up call for many...or it should be. and I think bitcoins current valuation should be closer to 2.5 to 10 trillion than i think the 1.75 reported atm plenty of room for growth one must remain patient grasshopper ----- In other prognostications The Moon is full tomorrow night in the house of Virgo. The Goddess..the mother who holds the power to heal. This is again time to reflect upon the past and forgive yourself and others. The low side of Virgo or the shadow side, is perfection. On striving for perfection we often fail, and one of the hardest things to do is to forgive yourself those failures...to be able to say yeah...I messed up...but thats ok....I am going to try harder next time. When you hold onto this resentment your ability to see clearly and to attract positive vibrations is dampened. Life is not perfect..its a mishmash of imperfect and arbitrary events that can be overwhelming. Let go of the past and let the healing begin. This is the way. |
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DaRude
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In order to dump coins one must have coins
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March 17, 2022, 07:38:23 PM Merited by JayJuanGee (1) |
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Broke Oligarch https://www.bloomberg.com/news/features/2022-03-17/broke-russian-oligarch-fridman-says-sanctioned-billionaires-can-t-sway-putinFridman, 57, was born and raised in the Soviet Union in the western Ukrainian city of Lviv. He was a first-wave oligarch, making a fortune in banking and energy before Putin’s rise to power. His parents are Ukrainian citizens who until recently lived part of the year in an apartment in Lviv.
Fridman was worth about $14 billion before the war, according to Bloomberg. He’s now worth about $10 billion on paper and is in the strange position of being an oligarch with essentially no cash. When the U.K. followed the EU and sanctioned Fridman on March 15, his last working bank card in the U.K. was frozen. He tells me he now must apply for a license to spend money, and the British government will determine if any request is “reasonable.” It appears that this will mean an allowance of roughly £2,500 a month. He’s exasperated, but careful not to compare his woes with those of Ukrainians suffering from the war. “My problems are really nothing compared with their problems,” he says.
Even though the U.S. has not sanctioned Fridman, the EU and U.K. measures led his accounts to be frozen; the day after Brussels announced sanctions, he found his bank card didn’t work. Now he’s trying to figure out how to pay for small things such as a house cleaner. “Maybe I should clean the house myself,” he says with a nervous chuckle. “That’s fine. I used to live in a small dormitory room with four men when I was a student, but after 35 years it’s unexpected.” Fridman says he has two months to challenge the EU’s sanctions. Fridman holds an Israeli passport, but when I ask whether he might move to Israel, he waves off the idea. He doesn’t own a home there and doesn’t have access to money to buy one. “I’m a prisoner here,” he says.
Just before we met, he says, he got a call from a Ukrainian friend who was helping relatives flee Kharkiv. Fridman says he offered his parents’ two-bedroom apartment in Lviv, which has so far avoided direct Russian hits. He says the flat is now a temporary home for 15 refugees.
A few days after our meeting, the U.K. sanctioned Fridman, and this time he calls me, with no obvious reason except to say that things are getting worse. He sounds at a loss. “I don’t know how to live,” he tells me. “I don’t know. I really don’t know.” The way finance is being weaponized is insane. Israeli citizen from Ukraine literally just got turned off with a press of a button (as financial collateral damage). I don't know what could undermine the confidence in reserve currency more. Hey Oligarchs/China you guys still on board to buy some US debt right? ... RIGHT?? |
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vapourminer
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what is this "brake pedal" you speak of?
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March 17, 2022, 07:40:22 PM |
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ONE OF US! ONE OF US! oh wait wrong sub |
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Toxic2040
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March 17, 2022, 07:58:34 PM |
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Also in the news.. Its St. Patrick's day. https://www.almanac.com/content/st-patricks-daySt. Patrick’s Day is officially observed on March 17 each year, though celebrations may not be limited to this date. The significance of March 17 is that it’s said to be the date of St. Patrick’s death in the late 5th century (circa A.D. 493). Saint Patrick is the patron saint and national apostle of Ireland. He is credited with successfully spreading Christianity throughout Ireland—hence the Christian celebration of his life and name. The symbol of St. Patrick is a three-leaf shamrock, not a four-leaf clover. However, long before the shamrock became associated with St. Patrick’s Day, the four-leaf clover was regarded by ancient Celts as a charm against evil spirits. We wear a shamrock on St. Patrick’s Day because, legend says, St. Patrick used its three leaves to explain the Holy Trinity in his teachings. (The Trinity is the Father, the Son, and the Spirit as three divine persons who are one divine being [God].) Lá Fhéile Pádraig sona duit!  |
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ChartBuddy
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March 17, 2022, 08:01:22 PM |
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JimboToronto
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You're never too old to think young.
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March 17, 2022, 08:23:52 PM
Last edit: March 17, 2022, 09:14:27 PM by JimboToronto |
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Its St. Patrick's day. I always loved St. Patty's Day. It was one of the few days when the bars would be filled with normies. After playing most nights to hardened partiers and drinkers, it was fun to watch the amateurs get shit-faced on a few drinks. Weddings, New Year's Eve, Halloween, St. Patrick's Day. Those were the days. |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 17, 2022, 08:37:22 PM |
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So many colors, lines and so much action seems to be "happening" within the chart that it causes me to get feelings of dizzenings.. In other words, I could well faint if I do not take precautions. #justsaying. #gottahaveshades and I think bitcoins current valuation should be closer to 2.5 to 10 trillion than i think the 1.75 reported atm plenty of room for growth
I agree with the overall points of your post, ToxicMoxic - except, I am not sure about from where you got any figure showing BTC as having a $1.75 trillion market cap. Sure, the overall "crypto" marketcap is around that $1.75 trillion mark, but bitcoin's portion of that is ONLY about $0.75 trillion. I do understand some of the arguments regarding capital searching for a place to go, and so I also appreciate that there is going to be some movements of value in and out of bitcoin that does not necessarily leave "crypto".. yet unless we really try to figure out the various market cap shenanigans that are being played by various shitcoins, there may well be some swimming aspects when describing overall "crypto" value rather than attempting to stay more focused on bitcoin... though there may well be some validity to some of the value moving in and out of bitcoin and into some of those other coins as being valid.. especially sometimes those moves in and out will give some ideas regarding capital looking for a place to go (as you suggested there to be some representation of that concept within the overall "crypto" space that might not ONLY be what we can see through bitcoin's market cap by itself). |
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Toxic2040
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March 17, 2022, 08:57:17 PM |
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...Those were the days.
Glory days past but not forgotten..they do seem to have a certain shine to them. I know that every generation feels as you and I do..that yesteryear was better somehow. Perhaps...I think it has to do with wanting what is known and familiar as compared to the uncertain future. I think that all better days are in the present or future..not the past..its up to the individual to move forward and meet those days. sure knew how to party back then tho and i miss listening to live music terribly --------- and I think bitcoins current valuation should be closer to 2.5 to 10 trillion than i think the 1.75(0.75) reported atm plenty of room for growth
I agree with the overall points of your post, ToxicMoxic - except, I am not sure about from where you got any figure showing BTC as having a $1.75 trillion market cap. Sure, the overall "crypto" marketcap is around that $1.75 trillion mark, but bitcoin's portion of that is ONLY about $0.75 trillion. I do understand some of the arguments regarding capital searching for a place to go, and so I also appreciate that there is going to be some movements of value in and out of bitcoin that does not necessarily leave "crypto".. yet unless we really try to figure out the various market cap shenanigans that are being played by various shitcoins, there may well be some swimming aspects when describing overall "crypto" value rather than attempting to stay more focused on bitcoin... though there may well be some validity to some of the value moving in and out of bitcoin and into some of those other coins as being valid.. especially sometimes those moves in and out will give some ideas regarding capital looking for a place to go (as you suggested there to be some representation of that concept within the overall "crypto" space that might not ONLY be what we can see through bitcoin's market cap by itself). ugh..you are...r.....righ.....not sure i can say it......ugh......you are right. there i said it....now go away...i will remind you that it is Thursday...politely... |
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ChartBuddy
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March 17, 2022, 09:01:27 PM |
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JimboToronto
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You're never too old to think young.
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March 17, 2022, 09:31:49 PM |
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...Those were the days.
Glory days past but not forgotten..they do seem to have a certain shine to them. I know that every generation feels as you and I do..that yesteryear was better somehow. Perhaps...I think it has to do with wanting what is known and familiar as compared to the uncertain future. I think that all better days are in the present or future..not the past..its up to the individual to move forward and meet those days. sure knew how to party back then tho and i miss listening to live music terribly Actually "those" days I was referring to were the days the normies came out to drink. You're right about the nostalgia aspect though. We seemed to have more fun than the sourpusses I see in the bars now. A lot of younger people seem to take themselves much too seriously. At least I live in a neighborhood with lots of live music. Canned music sucks. Live music is best. Getting ready to head out now. Got my "I <shamrock> Guinness" t-shirt and my Guinness top hat on. Mr. Jamieson awaits. |
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Copetech
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March 17, 2022, 09:52:11 PM |
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...Those were the days.
Snip nip ip p --------- Blah, Blah, Blah...
ugh..you are...r.....righ.....not sure i can say it......ugh......you are right. there i said it....now go away...i will remind you that it is Thursday...politely... Kinda sticks to the back of your teeth doesn't it!?! (Fortunately, it doesn't happen often!) |
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Hueristic
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Doomed to see the future and unable to prevent it
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March 17, 2022, 09:52:17 PM |
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Hi guys ... had been absent for awhile. My father passed away and I have to go visit the country. The little coin I have left has been spent. If anyone wants to help, you can always send me a message. The war is just bad. I have everyone vax'd but still need a bunch of paperwork just in case.
Condolences. |
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