AlcoHoDL
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Addicted to HoDLing!
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July 26, 2021, 08:03:24 PM |
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Looks like we're poor again...
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LFC_Bitcoin
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#1 VIP Crypto Casino
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July 26, 2021, 08:05:29 PM |
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Looks like we're poor again...
The last desperate bears covering shorts?
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AlcoHoDL
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Addicted to HoDLing!
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July 26, 2021, 08:06:42 PM |
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Looks like we're poor again...
The last desperate bears covering shorts? I hope so. $50k will be sooooo satisfying. Edit: Off to (re)watch Dead Calm (1989) with Nicole Kidman. She's so sexy (and young) in this movie... Back in 2 hrs and hoping to see a green screen and $41k+.
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eXPHorizon
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Precision Beats Power and Timing Beats Speed.
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July 26, 2021, 08:11:01 PM |
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Westingcote
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July 26, 2021, 08:11:34 PM Merited by JayJuanGee (1) |
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We have had plenty of no coiners, bitcoin naysayers, shitcoin pumpeners, traders and/or those inadequately pee pared for UPpity who have gotten fucked (or at least missed their opportunities to get rich as fuck) because they were failing / refusing to adequately pee pare their lil selfies for UPpity because they thought like you... "down before up" is a necessary condition in bitcoinlandia... hahahahaha..
Remember... we are in a bull market, and a 56% correction is pretty damned BIG, and there was two months of fortune (if it can be called that) in which the BTC price largely bounced in a 35% to 50% correction zone.. .and sure, we are still there... for now.. but no guarantees that we are either going to continue to stay in such 35% to 50% correction zone or that we are going to return to such zone in the event that we end up breaking UPpity... by the way, I am still of the position that we cannot really rest assured that our $28,600 bottom is "in" until we get above $46k - and surely there is still a bit of a distance to travel before getting there (only got to $40,581 so far, as I type this post)....
I think it's true that we've had some good news about Bitcoin for about two months now which has had a positive impact on the economy that the price of Bitcoin is starting to rise again. I think we'll hit 50k for that then we'll see a price adjustment. As long as we can believe the rumors with Amazon that they plan to use Bitcoin as payment we can expect to go to one of the biggest runs we've seen so far but it is unclear weather those claims are accurate.
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Westingcote
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July 26, 2021, 08:12:50 PM |
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Looks like we're poor again...
No one has ever become successful without adversity
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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July 26, 2021, 08:19:08 PM |
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Bitcoin total transaction volume has exceeded $15.8 trillion for first time in seven months representing 70% of total GDP of America.
Still many says the fees is high and people prefer other currencies to make transactions.This is how BTC is taking over. Where is that quote from, aysg76? There should be a link.. . In other words: Link or it did not happen.
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Paashaas
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Amazon denies it will accept Bitcoin only exploring crypto. It was just FUD.
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BlackHatCoiner
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Bitcoin is a royal fork
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July 26, 2021, 08:25:06 PM |
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Do something Bitcoin! I'm still excited about the poll.
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aesma
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July 26, 2021, 08:26:34 PM |
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Whoops, it was the previous story about blockfi where the lawyers were looking into their business and if their offerings are considered securities since they operate out of the US. This is the major take away from this video on tether and what it can do with defi which is apocalyptic. As for which one I'd use if I had too? USDC It is fairly clean being created from circle (I believe square bought them out and now is Jack in the box ) and is available from Coinbase. But being a american company I don't know if it can be pegged to the euro. So maybe somebody using coinbase and who is from Europe can answer this. I think I'll look at USDC Reading through the lawsuit against Tether detailing its long history of moving money all over the place it reads like a series of moving money from one institution to the next as the institution grows uneasy with having Bitcoin money on its account. So they are constantly moving it all over the place until someone gets tired of them. Every second and third tier money transmitter starts blocking them, they're caught in an ancient system whose gatekeepers are trying to keep them out.
I would not be surprised that they don't have 100% reserves but their biggest problem is having a place to put the money. In the end, they will exhaust all resources. The best thing they could do is do a proof of burn. Where they literally have a neutral third party with cameras verify that they burn the dollars that come in (though illegal) and replace each one with a USDT.
Unless I'm missing something proof of burn only makes sense for assets that have a finite number, like Bitcoin. What's to prevent the FED to say : some idiots burned 50 billions dollars, so we're printing 50 billions more than the plan ?
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OgNasty
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July 26, 2021, 08:32:24 PM |
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It’s official the liquidation numbers are in. Over $1 billion was liquidated yesterday on exchanges from newbies. Imagine shorting Bitcoin with leverage and thinking you didn’t just throw your money into a dumpster fire. Moment of silence for all the doubters who tried to profit from Bitcoin’s downfall. If you didn’t learn your lesson, feel free to reopen some short positions here.
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cAPSLOCK
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Maybe the Mars is the future!
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July 26, 2021, 08:38:56 PM |
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BTC "locked" in DEFI is at an all-time high at over 185 000 BTC. ETH locked in DEFI was rising slightly while the price was dropping to 1750$, which led me to believe this was not going lower. Both amounts are stabilizing but I think over the month of august/september we will see an acceleration in amounts locked in DEFI. And remember defi means = locking up capital, borrowing USD, buying more BTC/eth, rinse, repeat. 60k was a first top, real top of cycle will be most likely 90k - 180k depending on how crazy people get. Probably this speculation season, autumn. Thats my 2 satoshis
I have never looked into how locking Bitcoin in an ETH contract works. Because I think ETH is a rube goldberg scamtraption. I am assuming it's something like HTLCs on the BTC side. But I would like nothing more than some attack surface get exploited and the BTC get lost. I guess that's terrible. But if people are only going to learn by trying to LICK the damn stove, then it might as well be on HIGH.
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cAPSLOCK
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Maybe the Mars is the future!
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July 26, 2021, 08:40:32 PM |
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This is a BEAUTY of a bullflag. It's already up so much, but I do not seeing it stay here for much longer. I say 70% chance breaks up which is possibly a run to ~44k (!!) 30% chance we Bart back down ~35. Those numbers are conservative... I am adjusting for my bias since internally I am way better than 2:1 for. OK, sadly there's the possible bart-down. Although it could also be a head fake. Did the news come out or something?
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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July 26, 2021, 08:45:27 PM |
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Oh FFS. Pick yourself up Bitcoin and get back on the rally.
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shahzadafzal
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July 26, 2021, 08:46:25 PM |
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Who’s this @erikfinman?? Never heard of him… so called “Youngest Bitcoin Millionaire”. And why is he scamming people? So apparently he made a phone “Freedom Phone” which is actually made in China but not only this, it’s the exact copy of the same phone this Chinese manufacturer already selling on much cheaper rates. Watch this https://youtu.be/3KPY-gjmHWA
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cAPSLOCK
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Maybe the Mars is the future!
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July 26, 2021, 08:47:11 PM |
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Seriously though... this is a dump for ants, for sure. I am not capitulating my hopium mask here.
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Richy_T
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July 26, 2021, 08:52:48 PM |
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So apparently he made a phone “Freedom Phone” which is actually made in China but not only this, it’s the exact copy of the same phone this Chinese manufacturer already selling on much cheaper rates.
It has a different OS installed. It is definitely overpriced but that doesn't make it a scam. Though I believe there's another aspect that does make it scammy I think. The first thing people will be asking if they get it is how to install the play store and google maps.
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Farmer Bill
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July 26, 2021, 08:55:05 PM |
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Amazon denies it will accept Bitcoin only exploring crypto. It was just FUD. Perhaps the good Mr. Bezos will run a node in space, and adopt Bitcoin as the currency of space. Some sort of universal currency will be required, for those air and water top ups and the latest Kindle novel for bored astronauts.
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Richy_T
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July 26, 2021, 08:58:14 PM |
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Amazon denies it will accept Bitcoin only exploring crypto. It was just FUD. It will be denied right up until the second it goes live. With that said, I never put any stock in this rumor. The price rise was nice, I guess.
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UnDerDoG81
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July 26, 2021, 08:59:39 PM |
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Tether FUD perfectly timed to stop price going up. Pathetic. It was too early for moon but I was sure 45K is possible. Let's see.
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