Wilhelm
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June 14, 2022, 09:02:17 AM |
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At least its stopped going down for the moment.
I hope the bottom is in... time for 400k
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 14, 2022, 09:03:30 AM |
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BitcoinBunny
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Activity: 1554
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Far, Far, Far Right Thug
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June 14, 2022, 09:05:32 AM |
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New balls, please.
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somac.
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Activity: 2106
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Never selling
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June 14, 2022, 09:07:54 AM |
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At least its stopped going down for the moment.
I hope the bottom is in... time for 400k I think we all hope that.
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shahzadafzal
Copper Member
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June 14, 2022, 09:10:23 AM |
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New balls, please. In love with bottom...
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greensheep
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June 14, 2022, 09:14:11 AM |
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What a complete shit show that was yesterday, and that on my b-day, fuck you FTX scam exchange and paper hands.
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ivomm
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All good things to those who wait
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So, BTCitcoin fell to 20K as some were hoping for. But what was the reason for that. From what I've read in https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop it is another imploding "blockchain" company. tl;dr. Celsius may have started as an arbitrage platform giving yield for those fools lending their BTC and shitcoins. But as the arbitrage dissapeared 6 months ago, they simply became a ponzi risking their client assets by making enourmous shorts. They had more than enough BTCitcoins to stop any increase in the price, liquidating practically 100% of the longs. But their problem is that what they do is perfectly visible by everyone. People started to realize slowly they've been scammed just like bitconnect. Now their margin call is at 16.8k (used to be 18.3K yesterday) as seen in https://oasis.app/25977#Overview. How much collateral BTC they will be able to add is unknown. Now we have a proof that all this downard pressure in the last 6 months was caused partially by this ponzi, who could give yields in BTC only if the price was falling. So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering.
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BitcoinBunny
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Far, Far, Far Right Thug
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June 14, 2022, 09:37:24 AM |
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So, BTCitcoin fell to 20K as some were hoping for. But what was the reason for that. From what I've read in https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop it is another imploding "blockchain" company. tl;dr. Celsius may have started as an arbitrage platform giving yield for those fools lending their BTC and shitcoins. But as the arbitrage dissapeared 6 months ago, they simply became a ponzi risking their client assets by making enourmous shorts. They had more than enough BTCitcoins to stop any increase in the price, liquidating practically 100% of the longs. But their problem is that what they do is perfectly visible by everyone. People started to realize slowly they've been scammed just like bitconnect. Now their margin call is at 16.8k (used to be 18.3K yesterday) as seen in https://oasis.app/25977#Overview. How much collateral BTC they will be able to add is unknown. Now we have a proof that all this downard pressure in the last 6 months was caused partially by this ponzi, who could give yields in BTC only if the price was falling. So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering. That whole company sounded dodgy from day one. Whoever was promoting it here was probably part of it. I remember he spoke as if it was perfectly normal to give up your Bitcoin keys in exchange for small annual returns, as if he had been doing it for years. And someone else supposedly asking "oh really, tell me more, how do I do that?". Probably the same person. What a crock.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 14, 2022, 10:01:19 AM |
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death_wish
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Take profit in BTC. Account PnL in BTC. BTC=money.
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June 14, 2022, 10:07:02 AM |
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Link is showing 404 for me. For archives, too: web.archive.org gets 404.Evidently, the data a quick web search found for my previous post on this were way off: Is this actually the same order of magnitude size meltdown as Terra?As of May 17, Celsius had $11.8 billion in assets, its website said, down by more than half from October, and had processed a total of $8.2 billion worth of loans.
Mashinsky, the CEO, was quoted in October last year saying Celsius had more than $25 billion in assets.
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Rizzrack
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June 14, 2022, 10:13:02 AM |
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Now their margin call is at 16.8k (used to be 18.3K yesterday) as seen in https://oasis.app/25977#Overview. How much collateral BTC they will be able to add is unknown. Now we have a proof that all this downard pressure in the last 6 months was caused partially by this ponzi, who could give yields in BTC only if the price was falling. So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering. I did not see a platform like this have this much of an impact on the whole market. But TBF I did not pay too much attention to them. But seems if you advertise big APYs people flock to give you their crypto So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering.
You can say that again !
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JL0
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Bitcoin the Digital Gold
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June 14, 2022, 10:34:14 AM |
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So, BTCitcoin fell to 20K as some were hoping for. But what was the reason for that. From what I've read in https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop it is another imploding "blockchain" company. tl;dr. Celsius may have started as an arbitrage platform giving yield for those fools lending their BTC and shitcoins. But as the arbitrage dissapeared 6 months ago, they simply became a ponzi risking their client assets by making enourmous shorts. They had more than enough BTCitcoins to stop any increase in the price, liquidating practically 100% of the longs. But their problem is that what they do is perfectly visible by everyone. People started to realize slowly they've been scammed just like bitconnect. Now their margin call is at 16.8k (used to be 18.3K yesterday) as seen in https://oasis.app/25977#Overview. How much collateral BTC they will be able to add is unknown. Now we have a proof that all this downard pressure in the last 6 months was caused partially by this ponzi, who could give yields in BTC only if the price was falling. So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering. Massive liquidation if Bitcoin prices fall below $16,852.58?
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LogitechMouse
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Need A Campaign Manager? | Contact Little_Mouse
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June 14, 2022, 10:58:52 AM |
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It went down as low as $20,800 and right now it bounced back to the $22,300 price range. I've heard the crypto lending company and thought of investing into it, but fortunately I dodged again another bullet just like with Terra . That's one reason only and there are many reasons as well why Bitcoin dropped as of today. So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering.
It's easy to say, but people will not invest into Bitcoin because they have a mindset of "Ohhhh it will go down even further. I will wait until it will reach the bottom, then I will invest" or a mindset of "I don't want to lose money and I believe it is still going down therefore, I will wait".
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ChartBuddy
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June 14, 2022, 11:03:28 AM |
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fillippone
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Fully fledged Merit Cycler - Golden Feather 22-23
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June 14, 2022, 11:40:08 AM Last edit: May 15, 2023, 12:23:22 PM by fillippone Merited by JayJuanGee (1) |
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Maybe this is a good sign for the price begins its recovery, I would like it to reach $ 35k, if possible ...
Today's longs are tomorrow's liquidations. Beware of market imbalances, because sooner or later some bad guy is going to use them in a non-trivial way. Damn, that was an easy one. In the meantime: Microstrategy seems to be underwater. No chance Micheal Saylor being fired, but it must be a bad day form him.
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cAPSLOCK
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Activity: 3794
Merit: 5229
Maybe the Mars is the future!
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June 14, 2022, 11:43:40 AM |
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What's your LN node routing stats looking like today? I was hoping for a significant increase in traffic, but not seeing that.. seems rather stable, if anything, less busy the last 24 hours...
Kinda poopy day for fees today. Will barely scrape through with 300sats in fees on the daily, so far over 31 routings. I should really be more greedy... Right before my hard drive wend south I was experimenting with higher fees... As I have said a few times I kind of want to just break even. Though now that is laughable considering it means making a couple hundred million sats... But as I was saying, I had jacked the fees up a little. and oddly, my routing was going up. I have not yet been able to figure out how it works. Lol. Not sure I will at this point. On the other hand, I DO think I will know how both LND and CL can be recovered from backups... we will see.
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somac.
Legendary
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Activity: 2106
Merit: 1238
Never selling
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June 14, 2022, 11:46:28 AM |
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Time for another leg down maybe? I really wish this shit was over at least for a little while.
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becoin
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Activity: 3431
Merit: 1233
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June 14, 2022, 11:48:47 AM Merited by JayJuanGee (1) |
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So, BTCitcoin fell to 20K as some were hoping for. But what was the reason for that. From what I've read in https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop it is another imploding "blockchain" company. tl;dr. Celsius may have started as an arbitrage platform giving yield for those fools lending their BTC and shitcoins. But as the arbitrage dissapeared 6 months ago, they simply became a ponzi risking their client assets by making enourmous shorts. They had more than enough BTCitcoins to stop any increase in the price, liquidating practically 100% of the longs. But their problem is that what they do is perfectly visible by everyone. People started to realize slowly they've been scammed just like bitconnect. Now their margin call is at 16.8k (used to be 18.3K yesterday) as seen in https://oasis.app/25977#Overview. How much collateral BTC they will be able to add is unknown. Now we have a proof that all this downard pressure in the last 6 months was caused partially by this ponzi, who could give yields in BTC only if the price was falling. So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering. Massive liquidation if Bitcoin prices fall below $16,852.58? Yes, sell all your bitcoins while still >20k and buy them back at 10k. With regards to Celsius, I don't see the logic here. If they trade against their customers and sell customers' bitcoins to suppress price, they must hold gigantic short possition which is not possible to close on the market without causing dramatic rise in price. So, they want to confiscate customer bitcoins by liquidating customer long positions at 16k. Is that the case?
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ChartBuddy
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June 14, 2022, 12:01:26 PM |
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cAPSLOCK
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Activity: 3794
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Maybe the Mars is the future!
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June 14, 2022, 12:09:31 PM |
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Also.. as much as I wanted this to be the bottom... I sure don't think it is acting like it is. I want it to be V shaped. It wants to be a dead cat.
The situation we are in is interesting.
1. The world financial system is being demolished. On purpose. The boomers are either locking in their gains or giving them back, depending on their IQ. What we are currently seeing is the USD is being made the safest place to hold value. But it is also being massively inflated. There are no other exit doors in the plan. Eventually as the noose tightens value will be safe nowhere, and we will have to all fall into the loving arms of the state. But... Bitcoin.
2. And yet the world has, for the most part, NOT realized what bitcoin is. That it is the only exit door out of the system as it crashes. Some have realized, albeit early enough (too early, sort of) that we are having to go through this. As people DO realize they will be buying for sure. But right now BTC is just a tech stock. And it is still risk. It's going down with all the other risk ships.
3. Price will equalize SOMEWHERE. Because there ARE enough people realizing that Bitcoin is a possible safe haven that as the price drops, the very most enlightened of the herd are going to come trickling in.
We are currently sitting at what I thought was the worse case scenario, and not bouncing... oh well.
Thing is, we will... that old saying about darkest before the dawn? Seems pretty dark to me.
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