ChartBuddy
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January 18, 2023, 05:01:17 PM |
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JimboToronto
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You're never too old to think young.
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January 18, 2023, 05:17:44 PM Last edit: January 18, 2023, 05:43:11 PM by JimboToronto |
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Good morning Bitcoinland. Greetings from sunny Playa del Carmen. Other than a small dose of Montezuma's Revenge, been enjoying our stay here. Renewing acquaintances here after almost 3 years of covid-forced absence. Next week we'll get out to the jungle to see what's left of our homes there. When the cat's away, etc. Still sidling along in the $21k range. Catching our breath, coiling for the next leg up. Obedient stupidity vs discerning intelligence? I don't blame the cat for looking pissed off.
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MusaPk
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Microsoft has 220,000 employs worldwide. This means they are cutting 5% of their workforce. According to Microsoft CEO this cut is not just because of the weak economy but also due to the 'post-pandemic shift in digital spending habits'. During covid19, there is more investment coming in digital sector but now things are going back. The worrying thing is that next wave of lay off will come not because of slow business but due to AI doing more and more work. https://www.theguardian.com/technology/2023/jan/18/microsoft-to-cut-10000-jobs-by-end-of-march
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dragonvslinux
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January 18, 2023, 05:34:21 PM |
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Are we bears again?
For the short-term, yes. Have waited patiently for the past few days for a good shorting opportunity as a hedge and looks like it's finally arrived. Target is around $19K to $19.5K. Wouldn't be surprised to see price continue to consolidate between $20.5K and $21.5K though. Despite failure above $21.5K, price remains range bound it seems.
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jojo69
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diamond-handed zealot
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January 18, 2023, 05:41:06 PM |
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Hyperjacked
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It's all mathematics...!
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January 18, 2023, 05:42:47 PM |
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Are we bears again?
Looks like a head fake and much needed breather before moving higher again Imho Would be nice if we recover and hold the line at 21k$
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JimboToronto
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You're never too old to think young.
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January 18, 2023, 05:52:57 PM |
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Are we bears again?
Looks like a head fake and much needed breather before moving higher again Imho Would be nice if we recover and hold the line at 21k$ Another day, another AYH. Lets see what tomorrow brings.
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ChartBuddy
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Activity: 2338
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January 18, 2023, 06:01:22 PM |
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Pesona1
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January 18, 2023, 06:04:33 PM |
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Looking good above $21,000 right now. Yesterday was the 14th consecutive daily green candle which was apparently the second best daily green candle streak in bitcoin’s history. Quite incredible really, would have been better if it was in late 2021 instead though Where we go next is anybodies guess, you would expect a pullback & retest of $20,000 or maybe slightly low. A higher low than we have seen perhaps, then pump to higher than $22,0000 hopefully. As always (well since I sold some any way) no emotion. We may see something new in Bitcoin in 2023. I don't know why it looks like Bitcoin may set a new record this year. If Bitcoin hits a new record, it will be good for everyone. Cryptocurrency market conditions will improve. Of course, we all hope that market conditions will improve along with positive, albeit small, price movements currently on the market, some media say that the strengthening of prices that is happening at this time is the impact of the decline in the dollar index, but for some reason I see an increase in the price of bitcoin right now it looks like Batmantrap, in my opinion the increase at this time is the same as when bitcoin was triggered until it reached a price of $ 25,000 but suddenly bitcoin actually fell quite drastically to below the price of $ 21,000 at last August 2022, even though it looks like the conditions are the same but still I hope if the current increase is the beginning of us to return to see the bullrun market that we have been waiting for so long.
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fillippone
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Fully fledged Merit Cycler - Golden Feather 22-23
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January 18, 2023, 06:38:32 PM |
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***CRYPTO FIRM GENESIS IS SAID TO PLAN BANKRUPTCY FILING*** News from Bloomberg: Crypto Firm Genesis Said to Prepare Bankruptcy Filing This Week The crypto lending unit of DCG could file as soon as this week Turmoil left Barry Silbert in a public battle with Winklevoss By Rachel Butt and Olga Kharif (Bloomberg) -- Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation. The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash, Bloomberg previously reported. Representatives at Genesis Global Capital didn’t immediately respond to requests for comment. A representative for DCG declined to comment. Talks are ongoing and plans could change, the people added. Financial pressure at Barry Silbert’s DCG began to emerge after the collapse of hedge fund Three Arrows Capital. Genesis suspended withdrawals in November, soon after crypto exchange FTX — where Genesis held some of its funds — filed for bankruptcy. The failures have had ripple effects on crypto exchange Gemini Trust, run by Cameron and Tyler Winklevoss. Gemini Earn — a service that let Gemini’s users get yield for lending out their coins through Genesis — stopped redemptions as well. Creditors, Genesis and DCG exchanged several proposals, but have so far failed to come to an agreement, the people said. Kirkland & Ellis and Proskauer Rose have been advising groups of creditors. DCG told shareholders that it’s suspending quarterly dividends in an effort to conserve cash, according to a Jan. 17 letter to shareholders seen by Bloomberg
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2023, 07:01:18 PM |
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cygan
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Crypto Swap Exchange
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January 18, 2023, 07:08:05 PM Merited by JayJuanGee (1) |
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Torque
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January 18, 2023, 07:53:13 PM |
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***CRYPTO FIRM GENESIS IS SAID TO PLAN BANKRUPTCY FILING*** News from Bloomberg: Crypto Firm Genesis Said to Prepare Bankruptcy Filing This Week The crypto lending unit of DCG could file as soon as this week Turmoil left Barry Silbert in a public battle with Winklevoss By Rachel Butt and Olga Kharif (Bloomberg) -- Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation. The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash, Bloomberg previously reported. Representatives at Genesis Global Capital didn’t immediately respond to requests for comment. A representative for DCG declined to comment. Talks are ongoing and plans could change, the people added. Financial pressure at Barry Silbert’s DCG began to emerge after the collapse of hedge fund Three Arrows Capital. Genesis suspended withdrawals in November, soon after crypto exchange FTX — where Genesis held some of its funds — filed for bankruptcy. The failures have had ripple effects on crypto exchange Gemini Trust, run by Cameron and Tyler Winklevoss. Gemini Earn — a service that let Gemini’s users get yield for lending out their coins through Genesis — stopped redemptions as well. Creditors, Genesis and DCG exchanged several proposals, but have so far failed to come to an agreement, the people said. Kirkland & Ellis and Proskauer Rose have been advising groups of creditors. DCG told shareholders that it’s suspending quarterly dividends in an effort to conserve cash, according to a Jan. 17 letter to shareholders seen by Bloomberg
Well of course, all of Barry's wealthy friends all got out during the run up. Left the plebs holding the bag.
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ChartBuddy
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Activity: 2338
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2023, 08:01:17 PM |
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Hueristic
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Doomed to see the future and unable to prevent it
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January 18, 2023, 08:23:12 PM |
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***CRYPTO FIRM GENESIS IS SAID TO PLAN BANKRUPTCY FILING*** News from Bloomberg: Crypto Firm Genesis Said to Prepare Bankruptcy Filing This Week The crypto lending unit of DCG could file as soon as this week Turmoil left Barry Silbert in a public battle with Winklevoss By Rachel Butt and Olga Kharif (Bloomberg) -- Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation. The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash, Bloomberg previously reported. Representatives at Genesis Global Capital didn’t immediately respond to requests for comment. A representative for DCG declined to comment. Talks are ongoing and plans could change, the people added. Financial pressure at Barry Silbert’s DCG began to emerge after the collapse of hedge fund Three Arrows Capital. Genesis suspended withdrawals in November, soon after crypto exchange FTX — where Genesis held some of its funds — filed for bankruptcy. The failures have had ripple effects on crypto exchange Gemini Trust, run by Cameron and Tyler Winklevoss. Gemini Earn — a service that let Gemini’s users get yield for lending out their coins through Genesis — stopped redemptions as well. Creditors, Genesis and DCG exchanged several proposals, but have so far failed to come to an agreement, the people said. Kirkland & Ellis and Proskauer Rose have been advising groups of creditors. DCG told shareholders that it’s suspending quarterly dividends in an effort to conserve cash, according to a Jan. 17 letter to shareholders seen by Bloomberg
Well of course, all of Barry's wealthy friends all got out during the run up. Left the plebs holding the bag. Hopefully no WO peops got caught here, we have always warned NYK in these here parts and I specifically remember the gemini lending questions in here.
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2023, 09:01:20 PM |
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AlcoHoDL
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Addicted to HoDLing!
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January 18, 2023, 09:57:21 PM |
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Hopefully no WO peops got caught here, we have always warned NYK in these here parts and I specifically remember the gemini lending questions in here.
I hope so too, although, over the years I've found myself becoming more desensitized and cynical when it comes to the handling of BTC. I see the loss of coins due to FTX, Celsius, Luna, now Gemini, as a kind of filtering mechanism, a "survival of the fittest" type thing. Maybe even a "good" thing. In the end, it's impossible to stop it from happening. There will always be shitcoiners and those who are greedy enough to lend their BTC to companies for profit. And there will always be SBFs and FTXs, that take advantage of coiners' ignorance and greed. Cruel and insensitive as I may sound, I won't feel sorry for those who lose their coins that way.
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ChartBuddy
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Activity: 2338
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January 18, 2023, 10:01:16 PM |
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philipma1957
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'The right to privacy matters'
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January 18, 2023, 10:49:59 PM |
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Looking good above $21,000 right now. Yesterday was the 14th consecutive daily green candle which was apparently the second best daily green candle streak in bitcoin’s history. Quite incredible really, would have been better if it was in late 2021 instead though Where we go next is anybodies guess, you would expect a pullback & retest of $20,000 or maybe slightly low. A higher low than we have seen perhaps, then pump to higher than $22,0000 hopefully. As always (well since I sold some any way) no emotion. Sold a piece myself. we did a mining distribution which I sold a piece of it. Sideways with a slight up trend is okay for me. from google search : fed rate adjustment schedule 2023 FOMC Meetings Jan/Feb. 31-1. March. 21-22* May. 2-3. June. 13-14* July. 25-26. September. 19-20* Oct/Nov. 31-1. December. 12-13* So the Jan 31-Feb 1 number is coming up. and the Debt ceiling will be hit this week. 31.4 trillion https://www.nytimes.com/article/debt-ceiling-us-economy.htmlfucking number is unreal. 32 trillion/8 billion = 4000 thousand for every human on earth. I think these events may help this smallish pump some more. Don't be shifting the debt over to us! We have our own $900 Billion problem here! 32T / 334M = $95,808.00 for every one person in the USA It is crazy numbers, especially when you look back a realise USA debt was only 5.6B in 2000 or $19.85USD for one person in the USA (282M) I read somewhere world debt is about 226 trillion source https://www.imf.org/en/Blogs/Articles/2021/12/15/blog-global-debt-reaches-a-record-226-trillionbut that is private companies and government and people combined that is 226 trillion/8 billion = 28,250 a piece
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2023, 11:01:16 PM |
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