Gambit2s
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June 17, 2022, 05:18:23 PM |
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https://youtu.be/Jyd19Nq6Bk0This Video suggest that we're likely Bottoming out base on the behavior of past bear market cycles and this Bitcoin Enthusiast aren't joking he's selling all his expensive properties Car, Watch and other things to buy Bitcoin. He's basically gambling everything he has on bitcoin based on that halving chart ? not so smart
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Franctoshi
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June 17, 2022, 05:31:18 PM |
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We've seen it in the past (e.g. ICOs, DAO, Bitconnect, De-Fi, Block-Fi, Luna/TerraUST, etc.) and we're going to continue to see it in the future. Before the insider whales run up the market, they've already got their market "rug pulls" set up ahead of time. The problem is that there is nothing that can stop them from doing it over and over again every 3-4 years. Every entity that buys huge amounts of btc on leverage and doesn't have a plan to NOT be margin call liquidated during a downturn is a liability to the market, not an asset. What they're doing in this crash is literally repricing middle class out of their assets and it has been their strategy , and what I'm doing is helping most people in my network get back into Buying Bitcoin now with proper DCA, because most them sold around $40k
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LFC_Bitcoin
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#1 VIP Crypto Casino
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https://youtu.be/Jyd19Nq6Bk0This Video suggest that we're likely Bottoming out base on the behavior of past bear market cycles and this Bitcoin Enthusiast aren't joking he's selling all his expensive properties Car, Watch and other things to buy Bitcoin. He's basically gambling everything he has on bitcoin based on that halving chart ? not so smart He’s a fiat bro, he gets paid millions by exchanges for promo & affiliate links/referrals/clicks etc. He gets paid, no matter what bitcoin does. He’s the bait used by the likes of Binance to bring the shitcoiners in.
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strawbs
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Hello gentlemen. Hope everyone’s doing well? I haven’t had time to catch up on a few months of the WO so hopefully this hasn’t been posted already. I just read the latest Blockware Intelligence newsletter and thought it worth sharing. It does put the BTC price into a macroeconomic perspective and might help to put a few weak-handed minds at ease. Worth a read: https://newsletter.blockwareintelligence.com/p/blockware-intelligence-newsletter-1afI’d be interested to hear others’ take on this. Looking forward to the next bull run. Get that helicopter out of its hanger!
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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 17, 2022, 05:54:45 PM |
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A message to newbies: If you leverage your BTC, if you take debt against BTC collateral, then the pain can always get worse! The pain just keeps going and going... getting worse and worse, dissolving you away... The pain does not stop until either all of your assets are absolutely zeroed out, or the debt is repaid in full. I can’t believe the time, effort, and foot-shooting financial sacrifice that I just expended to scratch together... $100. One hundred dollars. I wanted to accelerate my journey to being a millionaire. Instead, I reduced myself to nigh hundredaire status. Not quite, but my assets are so far down that $100 now feels like a small fortune to me. This children’s game of struggling with toy amounts is my condign reward for leveraging my BTC. The worst part is, I cannot even use the $100 to buy BTC at its current discount sale prices. So tempting! No, Jay, I will not behave like a drug addict relapsing into bad habits with my margin account. Debt held against BTC collateral must be repaid, before I can go on a BTC shopping-spree. Some months ago, I used margin to buy BTC in what I thought was a very deep dip: The $30k range. Buying would not have been a bad call, if I had been buying for cash. No one can see the future. I do not regret having bought 1 BTC at ~$43.5k for cash; I certainly would not regret buys about 10%–20% above what Saylor’s DCA then was. I felt smug and superior to all the n00bs who got rekt FOMO-buying BTC on margin at >$60k: I was using margin to buy the dip, when there was already blood in the streets; leverage couldn’t hurt, when I was surely close to the bottom. But those margin buys at such tempting prices were a major factor (one of several major factors) that caused me to lose almost all of my BTC. Now, this looks like a damn deep dip. But there is no guarantee. I dislike making the same mistake twice. The 100 USDT is needed so that I can defend my remaining BTC dust down to about $17k, if necessary. If we hold the $20k line (and I hope we do!), then when I’m down to scraps, I just wasted away more assets with future upside for nothing. What a shame! It is a “definitely damned if I do, maybe damned worse if I don’t” situation. My life for the past few months has been a string of guessing games with maybe-least-bad options, without the benefit of a crystal ball. Well, at least I can feel rich with 100 USDT in my wallet. 💰🤑🚀 I will savour it for now—add it to the margin account after a bout of drinking, or throw it in ASAP if we start crashing badly. Money is ready to go, at a moment’s notice! 💸
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ChartBuddy
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June 17, 2022, 06:03:42 PM |
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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 17, 2022, 06:16:35 PM |
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Also, the casino nature of the "crypto" market, leads to great volitility and the association of Bitcoin as a "tech product" has it firmly in step with the Nasdaq chart at times.
Filed under, “Teach people that Bitcoin is not a stock—Bitcoin is nothing like a stock.” It is a very large file. Its no secret that bitcoin has been tracking the stock market latelty and becoming more and more intertwined with political and macroeconomic factors,So it may actually be beneficial to treat it as a "stock" as this will allow for better models and price predictions. It is so much not-a-secret that there is even a word for it: “Coupling”. Please try reading the link before you offer counterarguments issues I raised, which are irrelevant to coupling. In addition to what I said at that link, where I did not think I needed to explain why coupling hurts us: Most Bitcoiners seem to agree that being coupled to the stock market is a bad thing. Bitcoin is supposed to be “digital gold”—we should be coupled to the PMs, not stocks! Bitcoin is supposed to be a hedge against inflation—but upon news of high USD inflation, idiots who treat BTC as a “stock” are fleeing Bitcoin to buy inflationary central bank altcoins. I would even go so far to say that in the long term, coupling to stocks is a threat to Bitcoin’s economic viability. Now, we have already been coupled to stocks for years; and it is killing us. If we now forever lose 200 WMA as a Schelling point for a Bitcoin Bottom (as it seems we may), coupling to the stock market will be one major factor, in my opinion. Filed under, “ Teach people that Bitcoin is not a stock—Bitcoin is nothing like a stock.” It is a very large file.
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AlcoHoDL
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Addicted to HoDLing!
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June 17, 2022, 06:25:56 PM |
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Just refreshed my neurons with my passphrase on my Trezor. Everything is as I left it, except for some dust amounts of BTC that some unknown entity has been regularly depositing to my wallet. I guess this is done to "mark" my wallet and track any future movement of my coins. Well, FUCK YOU, whoever you are, your dust will never be moved from there, so feel free to send more...
My advice to cold storage HoDLers: refresh your neurons with your passphrase/PIN/whatever you use to protect your wallet, by viewing your cold storage balance every 6 months or so. You never know when your memory may fail and you end up not being able to remember the key(s) to your precious coins.
Everything's in order, waiting for the dip to end, and for a slow, organic, healthy UPpity movement to commence.
GTCTTWW. This is fine. HoDL.
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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 17, 2022, 06:35:56 PM |
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LOL here we go... Wednesday BITCOIN IS ILLEGAL IN RUSSIA Friday BITCOIN TO BE USED FOR INTERNATIONAL TRADE BY RUSSIA Tuesday BITCOIN BANNED BY WESTERN NATIONS Thursday BITCOIN BEING ACCUMULATED IN DARK POOLS BY WESTERN NATIONS For four decades, gold bullion was illegal for individuals to possess in any significant quantity in a country that is just so much better than Russia in every way: The United States. Internet spoiler: That is sarcasm.I think that Bretton Woods qualifies as using gold for international trade. Internet spoiler: That is a wry understatement.Gold was not generally legalized for individual American slaves “citizens” until after the United States pulled a Do Kwon on the USD-XAU peg. (Do Kwon is an amateur crook and a saint compared to the United States. The United States is a dirty dollar-ponzi shitcoin scammer which wrecked the global economy on a long-term basis, from the Nixon Shock forward. Anyone who wants to disagree is hereby commanded to STFU, and give U.S. Dollar bagholder-countries the gold reserves that the U.S. properly owes to them as of 1971. I have zero tolerance for apologism for scams.) Sooo... There is not necessarily any contradiction between your Wednesday and your Friday. #justsaying
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Dabs
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The Concierge of Crypto
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June 17, 2022, 06:37:59 PM |
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My advice to cold storage HoDLers: refresh your neurons with your passphrase/PIN/whatever you use to protect your wallet, by viewing your cold storage balance every 6 months or so. You never know when your memory may fail and you end up not being able to remember the key(s) to your precious coins.
Mine is on an offline / airgapped tablet that has never connected to anything except to have Electrum installed on it. May upgrade to a "real" hardware wallet like a Trezor one day.
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ChartBuddy
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June 17, 2022, 07:01:20 PM |
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death_wish
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Take profit in BTC. Account PnL in BTC. BTC=money.
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Everything is as I left it, except for some dust amounts of BTC that some unknown entity has been regularly depositing to my wallet. I guess this is done to "mark" my wallet and track any future movement of my coins. Well, FUCK YOU, whoever you are, your dust will never be moved from there, so feel free to send more...
I’d always thought that “dusting” was an urban legend, except that so many smart people report receiving these mysterious transactions. It would be an awfully expensive way to do blockchain analysis; and dusting an address that already contains coins makes no sense. The coin you already have can be tracked: Where it moves to, what change it gives, what other coins it may merge with, etc. How does merging another UTXO add any information helpful to the spies? What am I missing here? (The biggest privacy killer is, IMO, coin merge from one’s own change.) Dusting an unused address that is advertised somewhere seems more useful, albeit expensive. Then, the coin can be watched for what it merges with. (Donation addresses, forum signature tip addresses, etc.) Dusting an address that previously had coins seems it would be very helpful to the spies, for the same general reasons why address reuse is a bad idea. Anyway, if you really don’t want that mysterious dust, then please consider disposing of it by burning it in an OP_RETURN, and/or donating it to miners as fees. This helps Bitcoin by removing those outputs from the UTXO set. I recently went on an extended rampage in Development & Technology about how OP_RETURN is the one and only right way to burn bitcoins. (In that context, explaining why so-called “burner addresses” are harmful. Interrupted by losing my BTC.) Some of what I said there is relevant here. Starts here; thread is a kind of a dumpster fire, by dev forum standards. I need to get back to that. (OTOH, not many people would do that; the anonymity set of people who burn dust in OP_RETURN is probably small; the anonymity set of people who donate it to miners as extra fees is probably larger... hmmm, so many privacy problems. It is why I want strong privacy built-in on L1 in Bitcoin.) HoDL.
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ChartBuddy
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June 17, 2022, 08:04:53 PM |
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empowering
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June 17, 2022, 08:48:30 PM |
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Ryu_Ar1
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June 17, 2022, 08:51:48 PM |
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On another note: how long do yall think we can hold this 20k support,and is there any major support under it incase we break it ?
Miner support at 15-17k ranges when something like this really happens and the decline is bigger then there will be a lot of beginners who do this
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ChartBuddy
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June 17, 2022, 09:03:31 PM |
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Torque
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The Fed launching their own shitcoin soon. Another so-called conspiracy becoming reality.
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ImThour
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Bitcoin Bottom was at $15.4k
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June 17, 2022, 09:22:55 PM |
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Elon Musk's Networth: 2020 - $20 billion 2022 - $220 billion Once his net worth will be below $100 billion, I might call that a bottom. What do u say?
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vapourminer
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what is this "brake pedal" you speak of?
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Just refreshed my neurons with my passphrase on my Trezor. Everything is as I left it, except for some dust amounts of BTC that some unknown entity has been regularly depositing to my wallet. I guess this is done to "mark" my wallet and track any future movement of my coins. Well, FUCK YOU, whoever you are, your dust will never be moved from there, so feel free to send more...
My advice to cold storage HoDLers: refresh your neurons with your passphrase/PIN/whatever you use to protect your wallet, by viewing your cold storage balance every 6 months or so. You never know when your memory may fail and you end up not being able to remember the key(s) to your precious coins.
word i forgot the pin for one of my trezors as i hadnt checked it for a couple years. i was on like the 10th pin try with the trezor spending several hours waiting for it to pronounce its judgment as to whether it was correct. nope, zip, nada etc. i finally just wiped it and recovered from the seed. so its also a good idea to make sure your seed backup is still where you think it is and usable.
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