ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 22, 2022, 07:04:54 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 22, 2022, 07:13:38 AM Last edit: June 22, 2022, 07:36:49 AM by death_wish |
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Here we go again...
That was my way of paying forward somac.’s warning that saved me, the last time we tested $20k (and very rapidly crashed to $19k, then...). From where I sit, we briefly dipped a hair below $20k about four minutes ago; but it seems to be bouncing back up now. Blame phil this. He threatened Buddy:Buddy my only warning for today is 22k by tomorrow or face the consequences.
I previously crashed Bitcoin below $17,600 by threatening to hack/murder Buddy. Beware. Buddy takes revenge. Proof: Look at the timeline! It cannot be a coincidence that I threatened Buddy, then Bitcoin crashed deep below $20k—phil threatened Buddy less, then Bitcoin re-tested $20k. ASTOUNDING!REVENGE. I am thinking that I should go blackhat, track you down, smash your stack with my fist, DROP TABLE throughout your database like a Bitcoin Bull in a china shop, dd if=/dev/random onto your binaries and source code, and piss on your grave. How does that sound to you, Buddy?
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OutOfMemory
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Man who stares at charts (and stars, too...)
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June 22, 2022, 07:18:32 AM |
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I already understood. My opinions aren't lectures nor judgements. You are just doing hard to not trying to read between (my) lines (what isn't there). It's all good You ain’t so bad. My ire is best saved for where it is better worse deserved. Sorry if I overreacted. No worries, mate You just wanted to make your point. I always try to not put too much energy into negative emotional reactions, it's too bad for my body's energy balance. My opinion is just worth as much to me as someone else's is to him/her. No big deal there.
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qwk
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Shitcoin Minimalist
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June 22, 2022, 07:23:47 AM Merited by JayJuanGee (1) |
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People already eat snails and sea "bugs" like shrimp.
xkcd 1268
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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 22, 2022, 07:59:09 AM |
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Who keeps deleting WO posts? Things are jumping around—again and again. At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 22, 2022, 08:03:27 AM |
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OutOfMemory
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Man who stares at charts (and stars, too...)
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June 22, 2022, 08:19:31 AM |
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Who keeps deleting WO posts? Things are jumping around—again and again. At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.
Did you hack Chartbuddy, slowly deleting his posts, from oldest to most recent? Now you're probably asking this, just to try to move yourself out of scope as a suspect? A clever move... /irony off No idea why, but it happens from time to time. Isn't there a web page with WO statistics somewhere? You could track the posts-per-username figures (maybe programmatically using wget and grep as a start) to find out...
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modrobert
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-"When the going gets weird, the weird turn pro."
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June 22, 2022, 08:46:00 AM |
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I wonder how much money good old "bitcoin vanga" cost various sheep along the way?
How about Pirate@40?
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OutOfMemory
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June 22, 2022, 08:54:22 AM |
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Meh, The breakSee you in a few months time, yo. No threating, please Have a good time, though
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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 22, 2022, 08:58:21 AM |
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Who keeps deleting WO posts? Things are jumping around—again and again. At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.
Did you hack Chartbuddy, slowly deleting his posts, from oldest to most recent? Now you're probably asking this, just to try to move yourself out of scope as a suspect? A clever move... Scary: Buddy currently has 31,198 posts. Unless the account has been used outside WO (not sure), that is 1,559.9 pages of the Wall Observer. Deleting Buddy would crash WO’s current page from 30,982 (near-ish the beginning of the page) to 29,422. Need some TA: Can we hold support at 30k? /irony off
No idea why, but it happens from time to time. Isn't there a web page with WO statistics somewhere? You could track the posts-per-username figures (maybe programmatically using wget and grep as a start) to find out...
I am not a WO specialist. The only WO-specific site I have in my bookmarks seems to have disappeared; here is the last non-blank copy in Wayback. Someone else probably has a site somewhere.
I wonder how much money good old "bitcoin vanga" cost various sheep along the way?
How about Pirate@40? Recently mentioned: Defi is a wilderness—just like early Bitcoin was a wilderness of scams, Ponzis, and children’s games, but with added VC corruption. Early Bitcoin was an obscene shitshow from pirateat40 to Gox, to name only a few of the most notorious early-Bitcoinland embarrassments that remind me of defi today. If you venture out into defi today, put on your waders and prepare to get knee-deep in bull-excrement.
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 22, 2022, 09:04:58 AM |
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OutOfMemory
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June 22, 2022, 09:05:15 AM |
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Some Zen wisdom: You don't respect an old vagina for its look or smell, you respect it for the number of dicks it got filled by.
Sorry, i totally made this up, but it probably has some use for generating a good laugh or two Have a nice day!
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modrobert
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-"When the going gets weird, the weird turn pro."
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Recently mentioned: Defi is a wilderness—just like early Bitcoin was a wilderness of scams, Ponzis, and children’s games, but with added VC corruption. Early Bitcoin was an obscene shitshow from pirateat40 to Gox, to name only a few of the most notorious early-Bitcoinland embarrassments that remind me of defi today. If you venture out into defi today, put on your waders and prepare to get knee-deep in bull-excrement.
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi.
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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 22, 2022, 09:30:38 AM Last edit: June 22, 2022, 09:47:24 AM by death_wish |
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Recently mentioned: Defi is a wilderness—just like early Bitcoin was a wilderness of scams, Ponzis, and children’s games, but with added VC corruption. Early Bitcoin was an obscene shitshow from pirateat40 to Gox, to name only a few of the most notorious early-Bitcoinland embarrassments that remind me of defi today. If you venture out into defi today, put on your waders and prepare to get knee-deep in bull-excrement.
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi. A large proportion of defi, in a nutshell. ( Some of the rest of defi has some awesome ideas, such as building no-KYC permissionless exchanges.)
P.S., how was pirate different than a16z, et al. now? The latter are surely much more sophisticated, and “respectable”. I mean: If you peer through the layers of grand-scale financial manipulation, and set aside the implementation details, how are they essentially different?
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modrobert
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-"When the going gets weird, the weird turn pro."
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June 22, 2022, 09:57:17 AM |
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Recently mentioned: Defi is a wilderness—just like early Bitcoin was a wilderness of scams, Ponzis, and children’s games, but with added VC corruption. Early Bitcoin was an obscene shitshow from pirateat40 to Gox, to name only a few of the most notorious early-Bitcoinland embarrassments that remind me of defi today. If you venture out into defi today, put on your waders and prepare to get knee-deep in bull-excrement.
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi. A large proportion of defi, in a nutshell. ( Some of the rest of defi has some awesome ideas, such as building no-KYC permissionless exchanges.)
P.S., how was pirate different than a16z, et al. now? The latter are surely much more sophisticated, and “respectable”. I mean: If you peer through the layers of grand-scale financial manipulation, and set aside the implementation details, how are they essentially different? The main difference seems to be how we interpret the words, to me "scam" or "ponzi" is associated with original intent to take the money and run, not how a failed plan ending in bankruptcy eventually plays out. I agree about the grand-scale financial manipulation, it's basically the same thing, the key difference is it's being sanctioned by the banking system.
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El duderino_
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BTC + Crossfit, living life.
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June 22, 2022, 09:58:38 AM Merited by fillippone (3) |
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Little game Where the Dude at First guess first boosted Exact name of the place
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OutOfMemory
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June 22, 2022, 09:59:01 AM |
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I don't like my TA now, honestly. Seems like in times of high fear/uncertainty short term support and resistance levels are closely together and if there's no major breakout to the upside for the time of two weeks or more, a bigger drop is on the menu. Looks like traders trying to suck out small amounts of fiat gains on the back of accumulating hodlers. Good for the hodlers, though. At some point market confidence has to reverse, to build big green, institutional dildos and keep shorters from klicking the red buttons to get away with some fiat ahead of the next dip. First, this thought was SOMA, but it seems to match price action pretty well, in retrospection. Little game Where the Dude at First guess first boosted Exact name of the place Fugg, i gotta leave Since most fully dressed people on the pic are asian, i guess it's some place in Asia. Looks like a job for Fillippone or the WO hatter... Good luck! Thanks for all the WAI-games, Dude
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ChartBuddy
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June 22, 2022, 10:01:20 AM |
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ivomm
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All good things to those who wait
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June 22, 2022, 10:16:14 AM Last edit: June 22, 2022, 11:43:41 AM by ivomm Merited by JayJuanGee (1), suchmoon (1) |
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Let's be fair to mindrust though. He sold in panic and disappointment at the price he had bought. Although he was not overexposed as he claimed - 2 to 1 in favor of fiat is anything but overexposed. Many of us are 100% in favor of bitcoin in terms of savings. I personally had exhausted the credit card limits and had taken a loan from the bank with which I had bought the day before at 7K. If I wasn't afraid of covid, I swear, I would go the next day and take out a 5x bigger loan and buy bitcoins for 4K. Whatever.
But in the last year we have seen something even more unfortunate, not to say ridiculous. We see an influx of institutions, thousands of them, who have invested in bitcoin and even more companies and retail behind them. However, over 90% of them have no knowledge, no beliefs, no intention to hold for at least 4 years. Some of them were quite influenced by the tweets of elon musk, which shows what their intellectual level was. That is why these crashes last year and this year turned out to be so big. All these companies and retail lost over 50% of their money. And this can be easily checked on the glassnode website. What I noticed, for example, I see today that many others have noticed on Twitter. From the Canadian purpose ETF were withdrawn 24K bitcoins at the end of Friday (50% of the bitcoins). It is almost certain that this is a company that has found a way to sell them on the exchange the next day. Something that caused the big crash.
So, several large companies have practically gone bankrupt, and others are moving in that direction. Probably over 90% of the companies. There, in addition to the fact that customers want an annual interest rate, contracts are often made, in case the price falls to a certain level, the asset to be sold immediately. This is de facto a long position with a margin call. Michael Sailor did something similar, but there the calculations are better and even at 3K he is not in danger of liquidation. Not to mention the companies that use bitcoins as collateral for their collapsed shitcoins.
What follows from now on? This process of exodus of the institutions and the weak hands will probably continue for another 2-3 years at least. But even afther that, we clearly cannot rely on them for sustainable price growth. In addition, until the very end of 2020, despite the withdrawal of 650K bitcoins from Greyscale from the market, the price could not pass 10K due to the ugly Bart manipulations on 20x+ derivatives exchanges such as Bitmex. The paypal sensation had to appear before the bull market could start. Assuming that the ETF will be given to Greyscale within 3 years, this means that these bitcoins will return to the exchanges. And if there is no sensational news like PayPal, there may not even be a significant bullish market despite the halving.
So, let's hope that the ETF will not be given and the institutions will not inflate the price and then bring it down. What is sure to happen is that the convinced hodlers will continue to increase their stash and will not sell on a loss.
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