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No Gods or Kings. Only Bitcoin
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goldkingcoiner
Legendary
Online
Activity: 2044
Merit: 1702
Verified Bitcoin Hodler
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November 10, 2022, 01:38:11 AM |
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SBF reported missing and presumed to be evading authorities.
Time to pop some corn, gentlemen.
Probably hiding in the same hidey hole as Kwon Do-Hyung...
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BitcoinBunny
Legendary
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Activity: 1456
Merit: 2493
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Binance officially walks away from FTX deal --> more panic selling.
Anyway. .it will take 3 years from now when you are eligible to start posting moon memes again.
I don’t believe 3 years bro Only 1 year to get us from under 10 to ATH…. Rockets and moon may come faster as you think There is no way in hell the central banks won't pivot in the next 6-8 months. They are breaking everything now with the fast interest rate rises. Over here in the UK some financial "experts" are saying rates will still be around 4.5% in 2 years. No way. There will be so much pressure on them to fix the fucking mess they are causing, just like this mess is the reaction to their previous 14 year low interest and printing endless money mess. Interest rates will go back to near zero within the next year -> economy rockets -> BTC to the moon.
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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November 10, 2022, 01:58:53 AM |
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I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 10, 2022, 02:01:17 AM |
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aesma
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November 10, 2022, 02:32:55 AM Merited by JayJuanGee (1) |
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My lowest ladder step was fast approaching so I sent some more cash to the exchange to layer some more. Also bought some corn at market price.
No order in the 4 digits prices yet, I will have to think about it if we get there.
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hisslyness
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November 10, 2022, 02:41:58 AM |
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and these guys are still in charge of billions and billions of dollars of other people money!
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HI-TEC99
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Activity: 2772
Merit: 2846
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November 10, 2022, 02:44:51 AM |
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and these guys are still in charge of billions and billions of dollars of other people money!
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 10, 2022, 03:01:19 AM |
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philipma1957
Legendary
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Activity: 4116
Merit: 7850
'The right to privacy matters'
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November 10, 2022, 03:07:06 AM |
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Ridiculous. One retarded exchange goes under and this? Too much speculation again.
yeah the stable coins issued by any exchange are simply completely fucked up and used to attack pow btc over and over and over. repeat why would any usa citizen want a stable coin over an I bond. if you understand how to use I bonds they have been killer investment since nov 2021. nov 2021 7.1% April 2022 9.6 % nov 2022 6.89% you can buy 15k worth if you know what you are doing and stagger them in case you need cash. so from nov 21 to oct 28 2023. you could have 7.1% to 6.89% on the most perfectly pegged usd coin there is. USD itself in the I bond. 45k in over a 2 year time slot that will pull around 7.4% juice on it. this is crushing crypto stable coins. Which are crushing btc. good thing is it will be over soon. maybe jan-march and we should be done. DCA boys and girls. seriously, could you stop plugging the ibond here, eh, on a f-g bitcoin thread? first off, it is only 10K/year and second, you have to wait more than a year to collect that interest; you are losing 3 mo worth of interest if you collect yearly. why people want stables: to reinvest in "crypto" on the swing, of course. Nobody uses them for true savings. and if you live in usa any move to sell a coin is reportable so 10k stable coin 10k coins = moron. as zero is insured just be on coinbase 10k cash 10 k coins = the 10k is insured by fdic. any move of coin to cash or cash to coin is reportable. just as any move of stable coin to crypto coin is reportable. oh oh i know be on a non kyc exchange so it is not reportable. working well is it? any I stand by my statments proper managment of i bonds = 15000 yearly in buys not 10000. plus you stagger them so you never need cash them out. so basically stable coins. get juice do them on a non kyc dont report beat the tax. means they crucified you if you did it.
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JayJuanGee
Legendary
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Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.
How anybody could still support anything other than BTC right now is beyond me.
Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor? Saylor Reckt? Is it going down to $6k? And, it might even take lower prices than that to reck Saylor.. but hey, you can believe what you like in terms of his vulnerability and/or the vulnerability of his company's whole approach in terms of how they had been playing the cornz. If we all thought exactly alike then we would all be in exactly the same position in regards to our own stash management, which surely we are not (even if there might be various overlappenings - YMMV) [edited out]
I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says. I agree with this way of saying it too.. which is you have to take some of the risk management assertions with a decently sized grain of salt - but at the same time, so many folks try to denigrate Saylor as if he were the same category of degenerate gambler like we had seen with the leaders of Terra/Luna, Block Fi, Celsius, Voyager and now FTX. And, I believe that Saylor is not even close to those kinds of levels of degenerate gambler - even though for sure, he was investing into BTC at levels that were way beyond what I thought to be prudent.. ..including that he admitted to investing beyond 100% into bitcoin - which I consider to NOT be necessary in order to still get rich as fuck from bitcoin... while employing more "prudent" risk management practices.
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philipma1957
Legendary
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Activity: 4116
Merit: 7850
'The right to privacy matters'
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November 10, 2022, 03:17:15 AM |
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Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.
How anybody could still support anything other than BTC right now is beyond me.
Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor? Saylor Reckt? Is it going down to $6k? And, it might even take lower prices than that to reck Saylor.. but hey, you can believe what you like in terms of his vulnerability and/or the vulnerability of his company's whole approach in terms of how they had been playing the cornz. If we all thought exactly alike then we would all be in exactly the same position in regards to our own stash management, which surely we are not (even if there might be various overlappenings - YMMV) [edited out]
I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says. I agree with this way of saying it too.. which is you have to take some of the risk management assertions with a decently sized grain of salt - but at the same time, so many folks try to denigrate Saylor as if he were the same category of degenerate gambler like we had seen with the leaders of Terra/Luna, Block Fi, Celsius, Voyager and now FTX. And, I believe that Saylor is not even close to those kinds of levels of degenerate gambler - even though for sure, he was investing into BTC at levels that were way beyond what I thought to be prudent.. ..including that he admitted to investing beyond 100% into bitcoin - which I consider to NOT be necessary in order to still get rich as fuck from bitcoin... while employing more "prudent" risk management practices. All I know is I finally decided to do a weekly dca and in under a week the shit hit the fan. 😀
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 10, 2022, 04:01:17 AM |
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JayJuanGee
Legendary
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Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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November 10, 2022, 04:03:42 AM Last edit: November 10, 2022, 08:27:17 AM by JayJuanGee |
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Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.
How anybody could still support anything other than BTC right now is beyond me.
Stockholm syndrome. No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly. You know what that means though. Means we're all fucked. Nothing ever changes I guess. I doubt that "we" need to feel so disempowered and de-spirited about our fate(s), merely because we are "into" bitcoins. Sure, a lot of the degenerate gambling practices have transitioned from the debt-based fiat gambling space into the bitcoin space, but there are a lot of aspects of bitcoin fundamentals that still have not been infiltrated by status quo debt based fiat gambling systems - including its sound money aspects, its decentralized aspects and the blocks that continue to come out every 10 minutes no matter what others do around it.. I believe that some kinds of fuckery are limited - and unable to easily to apply to bitcoin systems, even though various degenerate gamblers will be playing a variety of get-rich quick practices upon bitcoin that will affect its short-term price volatility.. and some of those people are getting bit in the ass at the same time that they forget to be humble and think that they "got it all figured out." Why so negative? Cheer up toxie moxie. Everything will be o.k. Breathe breathe breathe. Good job... Good. That's better.
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jojo69
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Activity: 3164
Merit: 4345
diamond-handed zealot
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November 10, 2022, 04:19:37 AM |
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Rehan Zakir
Member
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Merit: 53
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November 10, 2022, 04:22:59 AM |
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Bitcoin hits a new two-year low as FTX fallout spreads
Data from TradingView shows that an early-morning attempt to push Bitcoin (BTC) through resistance at $19,000 was soundly rejected by bears, who pushed the top crypto to a new yearly low of $15,845 in afternoon trading as rumors that Binance would not be acquiring FTX began to circulate on social media.
The struggle for bulls to generate any sort of momentum was noted by Kitco senior technical analyst Jim Wyckoff, who highlighted that “Bears have quickly gained technical power to suggest still more downside price pressure in the near term.”
The downturn has turned into a positive development for some markets – especially precious metals – as Tuesday’s turmoil in the crypto market has “spilled over into safe-haven buying in gold and sharply boosted the yellow metal’s and silver’s prices,” Wyckoff said.
“The cryptos are just like other markets,” Wyckoff added. “When a crisis of confidence occurs, traders and investors all running for the exit door at the same time creates a severe liquidity crunch,” which is evidenced by the widespread declines witnessed on Wednesday.
As for what comes next, Rekt Capital posted a chart detailing the recent price drop into an area first noted by the analyst back in May.
“Months later and BTC has reached this green area,” Rekt Capital said, adding that there is “Still [a] possibility for downside towards the ~$15500 level, with scope for downside wicking to as low as the orange ~$13700 level if things get even more extreme.”
When it comes to what price levels to keep an eye on in the event that the crypto market is able to reverse course from the current weakness, well-known author and trader Peter Brandt posted the following tweet outlining the levels that would “negate the bearish implications.”
Source: https://www.kitco.com/news/2022-11-09/Bitcoin-hits-a-new-two-year-low-as-FTX-fallout-spreads.html
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Icygreen
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Activity: 1463
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Second pic Where we at Bali, nice! Somewhere near Benoa/Sanur. Little bit jealous The Garuda Wisnu Kencana statue in the background, the grass and lawn chairs are unmistakable. Approx. here. https://earth.google.com/web/search/Sanur,+Denpasar+City,+Bali,+Indonesia/@-8.76953373,115.21688841,3.70685411a,0d,60y,224.11226629h,77.62593382t,0r/data=CigiJgokCduRjuSxWSHAEQM3jqDmayHAGWNg_wlRzlxAIRorEKyAyFxAIhoKFnZmczUyVk5pUDJTOW53Mlc1cVpBZ2cQAg
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LDL
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November 10, 2022, 04:46:27 AM |
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