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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26364816 times)
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November 10, 2022, 05:12:16 AM
Last edit: November 10, 2022, 05:25:19 AM by JayJuanGee



I'm pretty sure it has roots on the part that touches the ground. So I guess.... $13-14K??    Roll Eyes   Roll Eyes

Look what the cat drug in...

Save the RF...

We needed someone like uie-pooie to share some of your logics and "sensibilities."

got me some at 16942.

next one
164xx

then
159xx

lets go BTC!

my cash position was terrible JJG was it not? Wink

I don't know exactly what your position was, but you were talking nonsense about getting into government bonds for yields, which would have locked your cash up for 6 months to a year.. so that would not have  been a liquid position.

Yes... You seem to be vague about your details and then trying to act like you were right about failing and/refusing to stack sats for the past 10 plus years.

You want to say, "I told you so" now in regards to whatever vague-ass gambling that you might have been doing? and your pumping of dollars and US Govt. savings bonds in this thread?

prepped and ready for 16k then 15k all the down to 9k

Wow!!!

When you are referring to $9k, you do not have bearish expectations do you?  

Are you trying to make up for some of your failures/refusals to stack sats in the past 10 years?  It is likely not going to make up for BTC that you failed/refused to buy or to hold onto in 2014, 2015, 2016, when BTC was mostly in 3 digits and spent a decent amount of that time (likely more than half of the time (which would be more than 18 months - want me to count them for you?) under $600... and almost the whole of 2015 in the mid-$200s.

I am not suggesting that you should not be attempting to make decent efforts to stack sats at this time.. because you are way the hell ahead of the many nocoiners who fail/refuse to even get in, or the salty ones who sold too many too soon (would it be used-to-be coiners, who are bitter for having had sold too many too soon) - even though it is likely not going to make up for your nearly 10 years of having had been less focused on actual ongoing stacking of sats.. and sure, maybe you came around in the past few years, so you did not spend the whole of the last 10 years failing/refusing to sufficiently/adequately stack sats...

Fair enough.. that you still seem to be in the game.. and you didn't over do whatever you were doing (except that you seem that you like to want to brag - or say "I told you so" or fail to be humble in regards to your various seeming gambling tactics) .. so that's always a good thing that you are still in the game and have not been reckt.


good..


good..

[edited out]
Ok you got lucky with 16k, 15k is hardly possible but I can't rule it out completely right now... as to $9k... keep dreaming man!  Grin
okay 9k is me fucking around.

Why are you fucking around?  It's not funny.

Grow the fuck up.

but my 6 cent doge sold between 12-15 cents gave lots of money to buy the btc dip.

Bragging about shitcoin trades is not becoming of a WO gentleman.. .. hey, but whoever even considered you as a possible WO Gentleman anyhow?

So thank you elon musk and sam from ftx.

Each of them (or both of them) can fuck off... hardly worth thanking.

159xx is next

Long way to go before we get there.. we gotta get back up to $20k, then we have to get above the 200-week MA, which is about $24k, and then above $30k, then above the 100-week MA - which is about $38k currently.. then we have to get back into no man's land (which is likely somewhere between $55k and $95k).. so we have a lot of resistance points to cross in the coming months.. .. which could take a while to sort out.. maybe even up to a year, better case scenario to solidly get into no man's land... I don't know.. I don't really have any of the legs figured out because on a personal level, one or two legs at a time is about as far as I might be willing to attempt to venture.

what is fun is if all the btc were to spike to 30k in late dec and I could sell it with zero cap gain tax.

translation = i am way behind in cap gains this year. 😀

Who gives any shits about your cap gain taxes.. except you, your wife and your tax consultant?
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November 10, 2022, 05:44:26 AM
Last edit: November 10, 2022, 06:00:06 AM by JayJuanGee

are we poor once again?

Poor was reached on the way down (twice) at around $30k, and then even more POOR was reached at $22k in June... so currently, we are way MOAR poor than more poor.. It's almost without words to describe.... .

By the way, on the way UP in late 2020, we became rich around $15k.. so we became even MOAR richer and richer and richer throughout 2021 (except for that brief pause in which we were poor at $30k)..




Crying helps.


Aw, I wish I had some left-over fiat to buy more Bitcoin at these prices. But I'm already 100% BTC.

Never go 100%.. #just saying for future reference.

You never want to run out of fiat on the way down nor run out of BTC on the way up.  Those are rookie mistakes... especially since we spent about 4.5 months (or is it almost 5 months?) mostly consolidating between $18k and $22k.

FTX came out of nowhere and tried to rule the market.

This part of your post is very true.. They seemed to be trying to do too much too quickly.... .

are we poor once again?
no we are not yet at bottom. 16k to fall very soon.

those 13-14 numbers seem more and more likely to happen.

BTW they would represent the redline line of a 5 cent power miner with top of the line gear.

We did go this low in fall of 2018.

be ready for more lows this week.

You still believe that the cost of mining contributes to the BTC price and not the other way around..

gotta eyeroll you again on that one...

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
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November 10, 2022, 06:01:20 AM


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November 10, 2022, 06:54:54 AM
Last edit: November 10, 2022, 04:54:52 PM by JayJuanGee
Merited by Hueristic (1), AlcoHoDL (1)

But in this industry I'm the cause of a lot of envy

In the bitcoin industry you are a loser.


a no coiner



begging



loser.







Hint, hint.... would you like to NOT be a loser in the bitcoin space any more?

This might be a good place to start accumulating sats, in case this bitcoiny thing catches on.

:-*We are gratefull for every ray of sunshine, for the soil where seeds sprout, we worship the seasons and the fruit when it Ripens. We are gratefull that you spoil us with the best that you have. Thank you Nature and FUCK BITCOIN that shit deservees to DIE even by the standars of god

Well..

It looks like you still don't get it.. eXPHorizon.

You seem like a bitter no coiner.. and yeah, maybe you will start to chase the train at a later point?  Maybe in the supra $500k price range?  Perhaps?

Or maybe you will die a bitter no coiner?

And, begging?

That won't help, but some of us might need some help in the yard.. you might be able to do "outside work" .. probably you will not be able to be trusted to do "inside work" like cleaning the toilets.. ..   Outside work will need to do.. Maybe?  We will see.  Maybe you will figure out some way to actually reform yourself.. and yeah, if we might improve some of the prisons with some kind of a rehabilitation program that might help current nocoiners, those who fail refuse to prepare themselves to help themselves and bitter folks like you.  Perhaps?  Perhaps?  Not sure.. 20-30 years flies by pretty quickly...

we skip to the age 2025 eherr elbitchureriono begs us for safe locations to camp and dine. No cliners will be sage ir good in the next century so be ready, money is worthless aka DUMB beetkoinss if u mention theee ur liver is worth more on this island. y u dumb fuck figure it out

Shit.  2025 is ONLY 3 years away.  Wo whether BTC will be UP or not is still to be figured out, but if you plan for 4-10 years, you might still be accumulating if you start now and through 2025.. and yeah, it may well take a while for you to really see results, since you seem to be your own worse enemy with so much negativity, failure/refusal to plan, so I question if you would even be able to follow a 4-10 year plan of accumulating so that maybe 20 years down the road, you might be able to stop cleaning toilets.. or whatever kind of work that you might be capable of doing, currently... not trying to denigrate janitors... they make pretty good money, relatively speaking and surely more honorable than a beggar... and surely they may well be more willing to work than a beggar.

hmm I wonder if we go under 15 and reach 14.9k

ready and waiting for it.

and while waiting for 14.9k I did get 15.9k

JJG know do you see why I banked a lot of cash.

I already responded to your assertions regarding what you are doing (or what you have been doing), and I am not even necessarily asserting that it is wrong, except perhaps the bragging part, and also the internally inconsistent part in which you were saying that you were buying US Govt bonds in order to get a yield (which would lock that cash up for 6-12 months before the yield even would kick in)..

In other words, you are trying to selectively spin what you are doing in such a way to brag about supposedly being right in whatever risk management and BTC accumulation you were carrying out.  

It seems that I don't really need to say more than what I already have, except maybe I will just supplement to assert that any newbie to bitcoin should be buying with DCA, and perhaps supplementing with buying on dips and lump sum investing.

If you have been in BTC for more than 10 years (and especially if you are into your 60s or later) I would think that you should have been mostly over most of your BTC accumulation - especially the regular DCAing.. but you cannot really ever preclude buying BTC on dips in situations like our current situation, so I would expect that many of us WO regulars are buying on these kinds of dips to the extent that we had not run out of money... and I doubt that it is even fruitful to get into explaining what I have been doing.. except just to reiterate that I am not really off of my system of buying on the way down and selling on the way up..

...and of course, since BTC prices had considerably overshot (to the downside) on several occasions in the past 6 months or so, I have had to make some adjustments, but surely 5 months of mostly sideways (and largely below the 200-week MA) has allowed for some abilities for me to make some adjustments to my cashflow and various ways that I attempt to deal with these kinds of situations (none of them are exactly alike but I have quite a few personal guidelines that have come from following my system for nearly 9 years and tweaking it along the way to tailor to my personal situation) and to continue to attempt to prepare for either BTC price direction.. including down as un-preferable as that may well have been..

..and I think that the beginning of the going down below the 100-week moving average in the mid-$30ks in early to mid-May, I made a whole hell of a lot of adjustments.. Initially, in early May, I had BTC buy orders ONLY going down to $20k, and then later (by Mid-May-ish) I adjusted them down to $17k-ish.. and then even later in June and July I made further adjustments down to $15k-ish.. and then even more recently I adjusted down to $14k, then $13k, and then currently at about $12k.. so I am not even without a plan if BTC prices were to go below $12k.. yet of course, that is not the preferred route.. even though I am surely NOT without a plan to deal with even lower probability situations.. as repugnant as that seems..

...and I have not been shy in stating that I had preferred that the BTC price NOT go below the 200-week moving average, or stay below the 200-week moving average, so when we first got into these BTC price doldrums of being below the 200-week MA about 5 months ago, the 200-week moving average was around $22k, and currently it is at about $24k.. so yeah.. we have spent a lot of time below the 200-week moving average.. even as the 200 WMA slowly has been going up.. but at a more and more slow and graduated pace...  and still our current BTC price has been staying quite a ways below such 200 WMA.. .. which is less than preferable.. but still does not mean on a personal level that I have locked myself out of attempting to prepare for either price direction, even if I consider some of my preparations for down to be not BIG plays.. but they are not absent, either.

.. and sure there are some other tactics, too.. including that if I were to need to spend some of my BTC, I would do it, even though I would consider that spending at such historically low BTC price levels (referring to the 200-week MA, again) would not be preferable either, even if such sales of BTC made right now at our current BTC price of $16,650 would still be greater than 16x profits for me in terms of dollars if we consider an average cost of $1k per BTC to be a reasonable and relatively accurate way to measure my own personal rough ways to figure costs per BTC in my investment portfolio..

so I am not feeling outside of options, or even like I need to shy away from criticizing some of the silly-ass and seemingly inconsistent and emotionally-laden ideas that you frequently spout out into the air (that seem to come with a quite a bit of lack of appreciation of what is BTC, too).. that might not be very good in terms of your frequently talking in absolutes and even suggesting that you need to mention some of your seemingly crazy-individual tactics that involve various kinds of shitcoins and even various likely-to-be wrong (or would it be more accurate to describe as "backwards?") ideas regarding hash-rate relationships to BTC prices.

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 have heard that before.

MajorMax?  Is that you?

 Tongue Tongue Tongue Tongue



 Cheesy Cheesy Cheesy Cheesy
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November 10, 2022, 07:09:53 AM
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Maybe it's just a retest to resistance trendline which is now a support before start of a new bull run.
I am HODLing, I wish I had more money to buy at these prices but guess what, I am already all in.
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November 10, 2022, 07:53:59 AM

Capitulation is close, maybe in the next couple of days.

Looking for the cycle bottom at around $14,000.

Just bought some at $16,1xx
I got 16.1 and 15.9

I have more ammo for next drop.

We are getting closer and closer to bottom. (13-14) my guess, but I will chase it down to 7 or 8 k if it happens.

I did ladder buys down :

19.7k
18.3k
18.1k
17.8k
17.2k
16.9k
16.1k
15.9k

Hey we are allies in laddering.. Not trying to be too friendly... to uie-pooie.... because I tend to want to yell at you in recent times.. that's my current inclinations.. .

hahahahaha

  At some point a couple of months ago, perhaps?, I had changed my BTC buy increments to $500 increments too.. .so my lowest buys were in low $16ks and none of the mid-$15ks executed.. so far.. and surely I am not going to be hurt if none of those orders in the $15ks or lower do not execute...

So a rough estimate of the quantity of BTC that I purchased in the past couple of days would have amounted to increasing in my BTC stash by about 0.5% (more or less)... so the amount of BTC that is accumulated is not really a major amount of BTC buys relative to the stash size.. but it fits into my system, as such system is currently being implemented within the boundaries that I have established (which I am pretty sure that there is quite a bit of new cash in there too.. which kind of goes beyond what I would have preferred to have had done.. but it is what it is and I am comfortable doing it without whining about the choices that I made .. and/or the various adjustments that I deemed were appropriate to make.)..

Waiting for 14.9k have to stay the course.

buddy where are you?

I so want to buy now and not wait.  must be patient !

Cheering for DOWNity is not becoming of a coiner.

Are you a "real" coiner?

Coiners do not cheer for down, unless they are not sufficiently and/or adequately pppppeeeeee pared for UPpity.

 Angry Angry Angry Angry Angry

Lots of us gladly buying this dip, sowing seeds for generational profits in 3 or more years. Some here will be in a bad way, having not sold any in 2021 & struggling to pay bills etc due to the current climate.

We all enjoy a good laugh, ‘who gon’ mindrust’ but this is real life. Just keep HODLING, do not sell in panic. We are going to $150,000 or more in 2025. Please don’t panic, lots of us have been in this situation in previous bear markets. It’ll be fine, relax, turn the screen off & get away from charts. Bitcoin will recover & reach new ath’s.

If anybody is in a bad place & needs to talk, feel free to PM me.
I am not in a bad place, but 2018-2022 were disappointing despite a few successes.
As I said before, wall street would now give up on this as i don't see how they would soldier on since they trusted at least one guy (SBF) and he f-d them over.
A premier VC fund, Sequoia, invested half a bil in FTX at 32bil valuation. These kind of disasters are not easily forgotten in Silicon valley and elsewhere.
Same for regulators, which will hark back to us (regular folks) in various restrictions of trade and investments.
Regarding a 150K number-barring a minor miracle I now cannot imagine it happening in 2025.
Turns out, "crypto" is a perfect venue for stealing (or losing) customer funds. Who would have guessed?

Aren't you the negative nancy to beat them all?  We could still have a few months of consolidating in the current price range and then end up doing a early 2019-like run.. that ... so whatever, you should not be getting so caught up into thinking that BTC prices cannot go up, when we already know that they can, and we do not need institutions to pump our bags.

That would leave a mark for, say, 7-8 years or so (until 2028-2030) as it was during the Internet bubble (took AMZN until 2007-2008 to fully recover from the Internet crash).

Oh gawd....  Roll Eyes Roll Eyes Roll Eyes

You are getting even worse...

This is what you were talking like in 2018 too.. Acting as if BTC were correlated to equities and the overall market, as if bitcoin were a mature asset class. 

Haven't you figured it out yet? 

Bitcoin is not as correlated as you are making it out to be, even though it does seem to do better when there is overall liquidity in various markets, but I doubt that it has to have all the conditions that you are presuming that it needs in order to do better than various other asset classes... It's still the most sound money in existence and it has not lost those value gravitational aspects, even if some institutions might be too scaredy cat to take advantage of it, there are longer period for retail to continue to front run institutions - which was getting to be unfair when Saylor was telling all of his friends, and NOW Saylor's friends will be less likely to listen.. but that does not preclude others from getting in or even the fact that there are still Bitcoin true believers who have not been burnt as badly as you are theorizing them to have had been burnt.

That is all very sad on the balance,

Well.. Cheer the fuck up.  It is not as bad as you are making it out to be.

because I believe that without a development of a parallel financial system (based, hopefully, on bitcoin), the current one has no chance of surviving long term (the debts are just too high).

Yeah.. and bitcoin is not broken..

Tick tock next block, and also lighting is getting more and more developed as we go, too... King daddy is doing just fine.. so maybe you should figure out how to increase your 20 BTC stash instead of whining about it having had lost value in recent days...
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November 10, 2022, 08:11:22 AM
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:-*We are gratefull for every ray of sunshine, for the soil where seeds sprout, we worship the seasons and the fruit when it Ripens. We are gratefull that you spoil us with the best that you have. Thank you Nature and FUCK BITCOIN that shit deservees to DIE even by the standars of god

Well..

It looks like you still don't get it.. eXPHorizon.

You seem like a bitter no coiner.. and yeah, maybe you will start to chase the train at a later point?  Maybe in the supra $500k price range?  Perhaps?

Or maybe you will die a bitter no coiner?

And, begging?

That won't help, but some of us might need some help in the yard.. you might be able to do "outside work" .. probably you will not be able to be trusted to do "inside work" like cleaning the toilets.. ..   Outside work will need to do.. Maybe?  We will see.  Maybe you will figure out some way to actually reform yourself.. and yeah, if we might improve some of the prisons with some kind of a rehabilitation program that might help current nocoiners, those who fail refuse to prepare themselves to help themselves and bitter folks like you.  Perhaps?  Perhaps?  Not sure.. 20-30 years flies by pretty quickly...

My problem with eXPHorizon is as follows:
1. Why does he beg for an asset he actually hates on?
2. That said, what does he actually want here?

As i am aware that i'm a loser at the "what a person really wants" level, i went through many variations of possible motivations, but i have not been able to identify even some "favourite candidates". He spams the thread with nonsense
He could well post some beautyful photos, to bring some positive feelings to the WO participants, or some other CONTRIBUTION of some kind. Doing something for the community, or asking for feedback, make peeps laugh with funny memes, in short: WHAT WE DO WHILE BITCOIN DOES IT'S THING. One doesn't even have to be a believer, but behaving just like a low quality troll seems to have no purpose at all, besides having his own (sick) kind of "fun" around here.  Huh
While obviously feeling "enlightened" and "knowing", he's "contributing" no more than some of the lowest shitpostings i've ever seen.
So i still ask myself about his motivations?
Finally beg off some corn here to walk away and sell it for fiat?
Dude is reminding me a lot of the Roach, while Roach wasn't nearly as unstable as eXPH, seemingly.
Everybody here trying to be friends, but the few of us who agrue more offensively against each other, at least sometimes, this dude is just like the neighbor's annoying kid throwing pebbles at the windows and playing the doorbell prank game while the family barbecue is taking place.
I try my best to not react to his attempts, maybe sometimes try to motivate him to change for the better instead of living his bitter version of Peter Parker's basement life at mum's house.

EDIT: Since i get some extra cash after the weekend, i squeezed my bank account to buy a little bit of corn in advance. Finally  Cool
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November 10, 2022, 08:36:13 AM
Merited by LFC_Bitcoin (1)

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.

I am not against supplementing cash.. but you have to realize that if you have a $15k per year maximum, then staggering them would be buying $1,250 per month, so then by the time the year comes, then you have one year worth of those bonds staggered... so largely you are tying your $15k up for at least one year, and then if you keep buying on a monthly basis, then you have new ones coming available on a monthly basis after the first year has past.

That can supplement a BTC buying strategy, in case you believe that you have enough BTC.. but if you are way under invested in BTC, then you might want to figure out your BTC strategy first.

And fuck shitcoins.. or stable coins.. there is no need to describe shitcoins or stable coins as a competitor to bitcoin because that is a different kind of a discussion and largely off topic if you are trying to figure out how to earn yield with shitcoins, and you believe that Ibonds are safer than getting involved in various shitcoins.

Also, regarding your continuing to bring UP this Ibond bullshit.. to the extent that you are even framing the situation very well, I second what Biodom says here.

SBF reported missing and presumed to be evading authorities.

Time to pop some corn, gentlemen.

What are you talking about?

Are you referring to these to articles or some other way that SBF has gone missing? 

1) Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe

2) SBF Scrambles to Cover Tracks After FTX Blowup


Link or it did not happen.
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FTX is a Bahamian cryptocurrency exchange. FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas. The exchange was founded in 2019 and as of February 2022 had over one million users. FTX operates FTX.US, a separate exchange available to US residents.

It's sole purpose... to short and destroy Bitcoin

Founders of FTX = Sam Bankman-Fried, Gary Wang

Gary Wang= An MIT grad, Wang worked at Google, building systems to aggregate prices across millions of flights, before linking up with Bankman-Fried to launch trading firm Alameda Research and FTX.

Quoine Corp
QUOINE Corp. designs and develops application software. The Company provides cryptographic asset and virtual currency trading platform that offers fixed income, currencies, commodities, equity, and derivatives. QUOINE conducts business in Asia.

Mike Kayamori
CEO/Co-Founder, QUOINE Pte Ltd/JP

Who owns liquid exchange?
Quoine operates the Liquid exchange — not to be confused with the parent company — one of Asia's largest crypto platforms by trade volume. Quoine is among 29 other regulated exchange service providers operating under the country's Payment Services Act.

FTX Trading Ltd. is purchasing Japanese financial technology firm Liquid Group Co. Ltd. for an undisclosed consideration.

The acquisition covers all of Liquid's subsidiaries including Japanese cryptocurrency exchange Quoine Corp. and Singapore-based Quoine Pte. Ltd.

Quoine, which offers a platform for derivatives trading, will gradually integrate FTX's products and services, according to a Feb. 2 news release. Meanwhile, existing FTX customers in Japan will be transferred to Quoine, effective March 30.

Completion of the transaction is expected in March, subject to customary closing conditions.


 

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November 10, 2022, 09:01:20 AM


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November 10, 2022, 10:12:29 AM

USDD stable coin is unstable anymore as it has loose it's pegged down to a lowest unbelievable rate , this is more reasons why bitcoin investment is the best choice when other coins are been degraded your investment with bitcoin standstill, increases and yield with time when others were no where to be found because of the dip, bitcoin or no other. https://twitter.com/WatcherGuru/status/1590638417443844096?t=E6Z2BmFeFY4RgpPohzNlIA&s=19
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November 10, 2022, 10:29:16 AM


It's sole purpose... to short and destroy Bitcoin


Exactly, all these shitcoin ponzi company scams all want bitcoin dead. Bitcoin wins every time and will continue to do so. After the smoke settles we may find that going up from this point gets a bit easier, however, I don't like Binance being a big player. I've never trusted them but at least CZ does appear to be a bit more BTC friendly than most.

I think some lessons are being learned this year and any company that wants to last in this space will need to get their shit together.
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November 10, 2022, 10:59:20 AM


It's sole purpose... to short and destroy Bitcoin


Exactly, all these shitcoin ponzi company scams all want bitcoin dead. Bitcoin wins every time and will continue to do so. After the smoke settles we may find that going up from this point gets a bit easier, however, I don't like Binance being a big player. I've never trusted them but at least CZ does appear to be a bit more BTC friendly than most.

I think some lessons are being learned this year and any company that wants to last in this space will need to get their shit together.


It's crystal clearI don't trust CZ, Binance owns Coimarketcap, so called YouTube influencers pumping every shitcoin in existence. Of course MSM and the Fed all the Central Banks co-ordinating FUD to the max.
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November 10, 2022, 11:01:17 AM


Explanation
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