Hhampuz
Legendary
Offline
Activity: 3024
Merit: 6168
Meh.
|
|
January 29, 2021, 09:01:39 PM |
|
Hey guys let's buy and hodl GME til the day we die! We can do it, let's make the billionaires lose for once (unless they join us ofc)
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
|
|
January 29, 2021, 09:02:27 PM |
|
Why i dont see this thread active when bitcoin or the market dumps , FOMO exist also in this topic lol
cuz we are always hung over from the parties for weeks after any uppity moves. so some of us arent conscious to notice the smaller (less than say 50%) dumps It has a certain ring to it, vapourminer: "anything less than a 50% dumpening is for ants." "Wake me up for the 50%+ dumpenings."
|
|
|
|
DaRude
Legendary
Offline
Activity: 2901
Merit: 1914
In order to dump coins one must have coins
|
|
January 29, 2021, 09:03:38 PM |
|
Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then? SEC regulates publicly traded companies. Meaning they can delist/stop/halt the trades (which is NOT what happened with GameStop). But apparently brokerages also decided that instead of performing their function and just executing all legal orders, they now think they have the authority to prevent users from legally buying a publicly traded company. In that sense bitcoin is no different, individual shitty brokerages can do as they please they can lock/freeze your account and even go bankrupt (not your keys not your bitcoins). In fact back in the day we only had one "huge" exchange MtGox that later completely imploded and closed down with huge looses, it was so colossal that there was a risk that it'd bring BTC down with it. But history shows that "where there's a will, there's a way" the demand for BTC continued, and now we have dozens exchanges. So individual brokerages/exchanges acting in bad faith is not a problem as long as you have options to move to "good" exchange. The issue becomes when governments get involved, SEC actually has the power/authority over all US listed companies and can stop ALL trading at their whim. Luckily bitcoin is global and governed by the laws of mathematics rather than politicians. Some country banning porn, will have zero effect on your ability to watch porn. Now, if you live in such shitty country, you can leave it and move to a "normal" country, or become the outlaw and trade "underground" like everyone else in that country. (Look how well war on drugs working in US/EU etc...) tl;dr bitcoin is global and not under control of any single government. Just as you could care less of what exchanges ban in China/Russia/North Korea, they could care less of what exchanges do in US. When gov prevents their citizens from eating a pie, that just leaves more pie for other goverments and people willing to ignore their stupid laws.
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
January 29, 2021, 09:26:13 PM |
|
Dear WallStreetBets: Hedge Funds Are Very, Very Short BitcoinHere we respectfully bring to the attention of r/wallstreetbets something they may have missed in their search for shortable equities: move to futures, where one asset stands out. According to the CFTC's latest Traders in Financial Futures report, the net short position in bitcoin futures is now the biggest it has ever been. What better way to hammer those evil hedge funds than to follow up the "short" colonoscopy with a moonshot in bitcoin, which leads to even more billions in losses. have the feeling something unexpected will happen 2021. we are on the edge of a paradigm shift.
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1708
Merit: 3413
Man who stares at charts (and stars, too...)
|
|
January 29, 2021, 09:33:47 PM |
|
Dear WallStreetBets: Hedge Funds Are Very, Very Short BitcoinHere we respectfully bring to the attention of r/wallstreetbets something they may have missed in their search for shortable equities: move to futures, where one asset stands out. According to the CFTC's latest Traders in Financial Futures report, the net short position in bitcoin futures is now the biggest it has ever been. What better way to hammer those evil hedge funds than to follow up the "short" colonoscopy with a moonshot in bitcoin, which leads to even more billions in losses. have the feeling something unexpected will happen 2021. we are on the edge of a paradigm shift. I can feel it too. https://twitter.com/DocumentingBTC/status/1355199998808514560
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
January 29, 2021, 09:52:11 PM |
|
does anybody know on which U.S. marketplaces a HF is allowed to trade with: a) physical BTC (spot) b) Futures on BTC (derivatives) c) Options on BTC (derivatives) found on the first look LedgerX.
|
|
|
|
dieselmeister
|
|
January 29, 2021, 09:54:12 PM |
|
A question. What is meant, when they say, that 50 billion in btc are in defi....
I am a pure btc guy, so I don't know this actually means...
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
January 29, 2021, 10:04:45 PM |
|
A question. What is meant, when they say, that 50 billion in btc are in defi....
I am a pure btc guy, so I don't know this actually means...
Wrapped Bitcoin only see 5.8 Bill Bitcoin transferred to the Ethereum Blockchain https://defipulse.com/btcWhat is Bitcoin at Work? Bitcoin at Work measures the total amount of BTC being utilized within decentralized finance (DeFi). DeFi Pulse monitors each BTC token on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance held by these smart contracts. How do we define each type of BTC? Decentralized - a BTC token backed by BTC held within a fully decentralized protocol Custodial - a BTC token backed by BTC held in custody by a third party Synthetic - a token which follows the price of Bitcoin but is not directly backed by BTC Hybrid - a BTC token backed by BTC held within an open protocol transitioning towards decentralization
|
|
|
|
|
Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
|
|
January 29, 2021, 10:06:48 PM |
|
A question. What is meant, when they say, that 50 billion in btc are in defi....
I am a pure btc guy, so I don't know this actually means...
It's probably all the wrapped and tokenized BTC on ETH and other chains. There's Wrapped BTC, renBTC, HBTC... They are all supposedly back 100% BTC, and this can be easily checked by comparing what the smart contract does or the addresses held in cold storage for them. WBTC marketcap is about 4~6 billion, so the others must be about 46~44 billion worth.
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
January 29, 2021, 10:12:17 PM |
|
That's kind of sad 1 share plays small violin and they say there are no liquidity issues haha.
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
January 29, 2021, 10:23:02 PM |
|
That's kind of sad 1 share plays small violin and they say there are no liquidity issues haha. Karma is hitting back for the lost soul in June 2020.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
January 29, 2021, 10:26:33 PM |
|
I have 100 million BTC tokens for sale, each token backed completely by a number of BTC.
I will sell at a discount of only $34k each.
.000000001 is a number
|
|
|
|
Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
|
|
January 29, 2021, 10:46:16 PM |
|
Currently the wrapped BTC is 1:1 backed by BTC locked in. There's about maybe 100k to 200k of them tokenized, and can't be more than 18.6 million. The problem will arise when they turn "fractional".
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2660
Merit: 3561
|
|
January 29, 2021, 10:52:48 PM Last edit: January 29, 2021, 11:20:15 PM by d_eddie Merited by fillippone (2) |
|
Time to share some WOsMerit! Keeping the last ordinary, boring merits for nonlegendaries. I can imagine a new hollywood movie coming out later this year. The plot would be: "How a bunch of nerd gamers almost crashed the world economy. Thanks to a misteryous call, the infamous robinhood platform prevented the massive short squeeze and saved the Wall Street brokers from bancruptcy. This will be a lesson for all shorters for the times to come.."
The movie should be called "The Big Long". Would make a nice bookend to that other movie, lol. +1 WOsMerit The SEC is going to look into what has just happened: Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and Crenshaw Regarding Recent Market VolatilityThe Commission is closely monitoring and evaluating the extreme price volatility of certain stocks’ trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week’s extraordinary trading volumes. Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence. As always, the Commission will work to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation. The Commission is working closely with our regulatory partners, both across the government and at FINRA and other self-regulatory organizations, including the stock exchanges, to ensure that regulated entities uphold their obligations to protect investors and to identify and pursue potential wrongdoing. The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities. The Commission will continue our work on behalf of investors and the markets. In this regard, we hope to facilitate a robust public dialogue among market participants and investors on the structure and operation of our securities markets. Members of the public can submit tips or complaints through the Commission’s website using this online form. Members of the public with questions should contact the Commission’s Office of Investor Education and Advocacy at 1-800-732-0330, ask a question using this online form, or email us at Help@SEC.gov. I can see the guys at Citadel shitting in their pants /s +1 WOsMerit
|
|
|
|
seek3r
Legendary
Offline
Activity: 1316
Merit: 2018
|
|
January 29, 2021, 10:53:34 PM |
|
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2660
Merit: 3561
|
|
January 29, 2021, 11:07:23 PM |
|
‘They’re the Wall Observers, they’ve been in BTC for years’ We're poor now. Guys, guise, guys! One of the girls in this pic had barely turned 15 when this movie was released which means she was likely 14 when these promo pictures were taken. Put your bitcoin back in your pocket and keep your stick on the ice! Which movie? I thought the meme was from a random photo.
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3976
Merit: 5408
Doomed to see the future and unable to prevent it
|
|
January 29, 2021, 11:09:47 PM |
|
Hey guys let's buy and hodl GME til the day we die! We can do it, let's make the billionaires lose for once (unless they join us ofc) The billionaires changed their positions in coordination with RH tanking the buys so they are now riding the wave and will be the first to bail.
|
|
|
|
|
Arriemoller
Legendary
Offline
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
|
|
January 29, 2021, 11:13:41 PM |
|
‘They’re the Wall Observers, they’ve been in BTC for years’ We're poor now. Guys, guise, guys! One of the girls in this pic had barely turned 15 when this movie was released which means she was likely 14 when these promo pictures were taken. Put your bitcoin back in your pocket and keep your stick on the ice! Which movie? I thought the meme was from a random photo. I wonder too, I recognize the actors but I can't place them.
|
|
|
|
|