ChartBuddy
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June 27, 2023, 12:03:30 PM |
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Gachapin
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bitcoin retard
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June 27, 2023, 12:40:08 PM Last edit: June 27, 2023, 01:47:37 PM by Gachapin |
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decent take by Saylor https://www.cryptopolitan.com/bitcoin-dominance-jumps-above-50-market-cap/"Michael Saylor, the co-founder of MicroStrategy and a prominent BTC advocate, predicts that the assets market dominance will surpass 80% in the coming years. He believes that regulatory pressures from the Securities and Exchange Commission (SEC) will lead stablecoins and the majority of other cryptocurrencies to fade away. Saylor envisions the industry being rationalized to focus on BTC, alongside a handful of other Proof-of-Work tokens.Saylor also attributes the absence of significant institutional investment in the crypto space to the “confusion and anxiety” caused by the existence of over 25,000 alternative cryptocurrencies. He emphasizes that BTC is universally recognized as the digital commodity in the industry, pointing out that SEC Chair Gary Gensler has classified it as a commodity while designating 68 other cryptocurrencies as securities. Currently, Bitcoin is trading at $26,746, reflecting a 1.5% increase in the last 24 hours. Despite recent market “fear” reaching its highest point in three months, the value of BTC has grown over 3% in the past week." Dare I say BTC , LTC , DOGE are the Handful of pow coins he likes. With a strong emphasis on BTC. Yeah. I think POW-shitcoins will gain due to speculative "crypto" money searching for a new home. Bcash just doubled since the Blackrock announcement. And really? Saylor " likes" the two shitcoins you mentioned? Where did you get that info from? And why not Bcash...? why does he seemingly coincidentally " like" the shitcoins you hold? ... sounds a bit like wishful thinking from a shitcoin fan... just saying... (as JJG would say) ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) No doubt... that's def. the biggest! Seems that before they crash, the big holders, aka the mETH elite try to squeeze as much as they can out of their junkie community...
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ChartBuddy
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June 27, 2023, 01:04:51 PM |
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OutOfMemory
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Xenophobia and Deism are signs of the simplest of minds. just my 2 cents, without quoting the troll. The Mum story is slowly developing into a fucking drama. Everything is pointing to a future in a nursing home. She's drinking secretly, because she "wants to quit", while the psychiatrist who coordinates the withdrawals at the hospital phoned her ass off to get a long term therapy place for her. Dementia got worse again with the secret drinking, but she's positive to pass the interview at the withdrawal facility on Friday. She just called me the other hour to babble at me that she quit the appointment with her therapist tomorrow - the therapy she did already quit two months ago, by the way. Flipped back the calendar a few weeks and when i asked her what's the date, she looked at it and said "the 5th of May". That's how things are going and they seem to develop pretty rapidly. This is probably going to get ugly, soon. When i have the time and peace of mind, i try to follow the WO thread, but most of the time i scroll-skip some pages. It seems the overall sentiment is really turning to the upside again ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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FinePoine0
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June 27, 2023, 01:33:52 PM |
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Hold on to the bitcoins my friend.
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FinePoine0
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Xenophobia and Deism are signs of the simplest of minds. just my 2 cents, without quoting the troll. The Mum story is slowly developing into a fucking drama. Everything is pointing to a future in a nursing home. She's drinking secretly, because she "wants to quit", while the psychiatrist who coordinates the withdrawals at the hospital phoned her ass off to get a long term therapy place for her. Dementia got worse again with the secret drinking, but she's positive to pass the interview at the withdrawal facility on Friday. She just called me the other hour to babble at me that she quit the appointment with her therapist tomorrow - the therapy she did already quit two months ago, by the way. Flipped back the calendar a few weeks and when i asked her what's the date, she looked at it and said "the 5th of May". That's how things are going and they seem to develop pretty rapidly. This is probably going to get ugly, soon. When i have the time and peace of mind, i try to follow the WO thread, but most of the time i scroll-skip some pages. It seems the overall sentiment is really turning to the upside again ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Secretly, alcohol gradually destroys all parts of the body. So you can share stories here. Here yahoo62278 Sir https://bitcointalk.org/index.php?topic=5430104.msg61464575#msg61464575 shared his story. If you want you can also write your own story here. And I also have some real life drinking incidents that I shared. And medicine you can find here and share stories to find your own satisfaction. Sharing stories can find peace of mind (living alone and sitting in a room is like being lost alone at sea).
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ChartBuddy
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June 27, 2023, 02:04:51 PM |
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cygan
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June 27, 2023, 02:28:13 PM |
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Learn Bitcoin
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June 27, 2023, 02:54:22 PM Last edit: July 10, 2023, 01:51:01 AM by Learn Bitcoin Merited by JayJuanGee (1) |
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Today I read about which exchanges provide proof of reserves and which don't. If some of them provide proof of reserves, how do they do it? More importantly, how transparent is that? Some exchanges transfer their funds to somewhere else after the audit ends and take snapshots of their reserves. Here is the case from Crypto.com While the practice of PoR is becoming accepted by centralized exchanges with many starting to release PoR audit data, there is still the issue of crypto platforms moving their funds right after the snapshot for the audit was taken.
Crypto.com recently transferred 280,000 Ether To Gate.io address after it released its PoR audit, fueling rumors about crypto exchanges potentially faking their reserve audits. Many in the crypto community claimed exchanges were borrowing assets to show a healthy financial book, only to return them back right after the snapshot.
Crypto.com CEO Kris Marszalek came out to clarify that the $400 million ETH transfer was a mistake and was meant to be sent to another cold wallet, raising even more suspicion.
And, while some exchanges give detailed breakdowns of their reserves during a PoR, other firms simply provide quick responses claiming they are in the black. Nexo has simply come up with a one-page snapshot that says they have more assets than customer deposits of around $3.2 billion. Even after the audit, you cannot trust an exchange that they won't transfer its funds to somewhere else, just like Crypto.com did. What is the solution?Don't trust, Verify! Only use exchanges that provide proof of reserves with complete transparency. Some exchanges share the wallet address of their reserves, and you can always check those wallets on the blockchain. Here are the top 10 exchanges and their stats You can verify those exchanges' Proof of reserves from the internet. You should avoid exchanges that don't provide Proof of reserves or even if they claim that they provide, but it's not transparent.
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ChartBuddy
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June 27, 2023, 03:04:55 PM |
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ChartBuddy
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June 27, 2023, 04:04:52 PM |
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LFC_Bitcoin
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June 27, 2023, 04:53:14 PM |
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xhomerx10
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Exchanges can borrow coin in order to pass an audit. NYKNYC.
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ChartBuddy
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June 27, 2023, 05:03:26 PM |
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cmacwuz
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June 27, 2023, 05:04:28 PM |
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A statistic quoted from an outsider like stanley duckenmiller takes nothing into account, like lost BTC or Satoshi's coins (I am assuming). ... leaves 14 mill free so 2.345 million sold out of 14 mill = 83% hold or 2.345 mill sold out of 16.75 = 86% hold so the 2.75 million 'frozen' out of 16.75 million mine only moves the number 3% Truly impressive as it means many did not take profits. As of Jan 1 2017 ATH was about 1400 and from Jan to Dec about 365 x 144 x 12.5 = 660k coins mined (rounded up) So 16.75m-0.660m = 16.09 mill coins were at a cost value under 1400 in December 2017 when price was 19900 so 14.2x1 at a minimum for 16 mill coins and only 2.345 million got sold that is fucking really impressive. There are many long term players in the world of BTC. Assuming the 86 or adjusted 83% are true numbers. Maybe I missed something but where does the 2.345M BTC sold number come from? Either way, 86% of bitcoin might have not moved, but it would be quite improbable for that to entail 86% of holders did not sell. It could be that 2 large holders did not budge. Or maybe every holder sold 14% of their btc in 2017. Aside the point, the Ducknmiller's zealot diagnosis is right. Separation of money and state changes things, and people want change.
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philipma1957
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June 27, 2023, 05:38:23 PM |
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A statistic quoted from an outsider like stanley duckenmiller takes nothing into account, like lost BTC or Satoshi's coins (I am assuming). ... leaves 14 mill free so 2.345 million sold out of 14 mill = 83% hold or 2.345 mill sold out of 16.75 = 86% hold so the 2.75 million 'frozen' out of 16.75 million mine only moves the number 3% Truly impressive as it means many did not take profits. As of Jan 1 2017 ATH was about 1400 and from Jan to Dec about 365 x 144 x 12.5 = 660k coins mined (rounded up) So 16.75m-0.660m = 16.09 mill coins were at a cost value under 1400 in December 2017 when price was 19900 so 14.2x1 at a minimum for 16 mill coins and only 2.345 million got sold that is fucking really impressive. There are many long term players in the world of BTC. Assuming the 86 or adjusted 83% are true numbers. Maybe I missed something but where does the 2.345M BTC sold number come from? Either way, 86% of bitcoin might have not moved, but it would be quite improbable for that to entail 86% of holders did not sell. It could be that 2 large holders did not budge. Or maybe every holder sold 14% of their btc in 2017. Aside the point, the Ducknmiller's zealot diagnosis is right. Separation of money and state changes things, and people want change. 1.00-.86 = .14 thus 14% of 16.75 million coins held in dec 2017 sold in the large drop from 19,900 dec 2017 to 3900 in feb 2020. that is 2.345 million unloaded of 16.75 million if zero coins were satoshi or lost. or 2.345 million unloaded of 14 million if you say 2.75 million were lost or satoshi coins. one way you get 86% if all coins exist but the other way you get 83% if you say 2.75 million are lost or frozen. either way the stats are amazing. especially if you take satoshi coin and lost coin out. 2.345/14.0 = 16.75% sold and 83.25% held this is a stunning number to me. As I pulled 2.75 million coins away from the 16.75 that existed and the hold number is 83.25 % But the original number as 14% sold and 86% held and I simply do not know how true it is.
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OgNasty
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Exchanges can borrow coin in order to pass an audit. NYKNYC.
It did appear this was occurring during the FTX debacle. You saw the headlines of massive amounts of funds being moved between exchanges. Certainly there was some bad behavior going on there. Auditing of crypto companies should be dead simple, so it’s a shame that gaming audits is so easily possible and allowed. I’m sure real banks don’t do this…
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cygan
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June 27, 2023, 06:00:58 PM Merited by JayJuanGee (1) |
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good old germany ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FFzo_VY-WIAAwHYH%3Fformat%3Djpg%26name%3Dsmall&t=665&c=YYpLnHs6Nmsczg)
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ChartBuddy
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June 27, 2023, 06:03:29 PM |
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June 27, 2023, 06:28:11 PM Merited by JayJuanGee (1) |
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