Coinbase on the defensive about these bitcoin ordinal centralized meme coins

[rdbase]

Whenever a big player who is cryptocurrency starts to say this technology is groundbreaking and will bring innovation into the environment. You probably could take a guess they must own a majority of tokens or has a stake into the company inorder to so called 'Pump their bags!' game they always seem to take advantage of in the cryptocurrency market.

[owengtam09]

Whenever a big player who is cryptocurrency starts to say this technology is groundbreaking and will bring innovation into the environment. You probably could take a guess they must own a majority of tokens or has a stake into the company inorder to so called 'Pump their bags!' game they always seem to take advantage of in the cryptocurrency market.

This is why we are seeing the BTC have a pump to $30,000 USD, my take here is people will be agitated again in getting into Bitcoin when a sudden change happens and this could be an opportunity for those who have a large amount of Bitcoin manipulate the market and when the company name is BlackRock the ETF will surely give many approvals to this kind of company and when BlackRock files for an ETF the market sit up and pay attention, but SEC is currently Suing many major companies that are filing an ETF approval, and BlackRock ETF now is called the iShares Bitcoin Trust, but why file now that the SEC is cracking down major filings for ETF so why BlackRock risk it now? and if SEC approves for BlackRock then a likely pump may happen (Not a financial Advisor so trade at your own risk)

[rdbase]

^^
That is why they are saying BlackRock basically owns the SEC.
You may not know how large BlackRock is but in the United States they have their hands in everything from Oil & Gas companies to supermarkets where people go to get their groceries.

So they will not deny them the approval process when they want to enter into the cryptocurrency market.

But I digress, this thread isn't about the ETF approval they are seeking but about Bitcoin Ordinals and how Micheal Saylor is giving his thumbs up to it's usage on the bitcoin blockchain.
But these early transgressions will all fall together one way or another in due time.

[YuginKadoya]

^^
That is why they are saying BlackRock basically owns the SEC.
You may not know how large BlackRock is but in the United States they have their hands in everything from Oil & Gas companies to supermarkets where people go to get their groceries.

So they will not deny them the approval process when they want to enter into the cryptocurrency market.

But I digress, this thread isn't about the ETF approval they are seeking but about Bitcoin Ordinals and how Micheal Saylor is giving his thumbs up to it's usage on the bitcoin blockchain.
But these early transgressions will all fall together one way or another in due time.

Yup! totally agrees BlackRock is not a whale but a total behemoth larger than whales could be, they are a solidify big company that is well known in the mutual fund and it was pretty much well known in getting other funds from different companies that are how large BlackRock is, now we got an idea on how large this BlackRock is, now Michael Saylor approval on opening up about their Bitcoin venture well I really don't know his true motives are, but they will surely say this is for the greater common good but in the back of our heads we all know that this is money and money is the root of all,

And Together with Michael Saylor, BlackRock, Citadel, and now Fidelity they are aiming to make Bitcoin reach $1,000,000 USD per Bitcoin, and that could surely happen when you have those big company names backing Michael Saylor, and you will know that the price will reach that high in the future, here is the interview on Michael Saylor,

Michael Saylor: BlackRock, Citadel, & Fidelity Will Send Bitcoin to $1,000,000

[tranthidung]

Michael Saylor: BlackRock, Citadel, & Fidelity Will Send Bitcoin to $1,000,000

After playing with Terra Luna Classic and UST stable coin, dumping the market in May 2022, they will pump it next years and lift Bitcoin towards $1M.  

Citadel Securities, BlackRock Deny Involvement in Terra Fall

They denied it but some community investigations show that they actually involved in that fiasco. If you are holder (you should be holder), you won't have to care too much about them. Let they play their games but they can not make you poor and steal your bitcoin, because you strongly hold your coins.

[rdbase]

Bad, bald and b*tcha** Gary Gensler is at it again with the fud against Coinbase with wanting the court case to be rushed a month ahead of the scheduled pre=trial date of August 24th to July 13th.

https://cointelegraph.com/news/coinbase-sec-to-present-response-to-coinbase-s-legal-defense-on-july-13

[tranthidung]

Bad, bald and b*tcha** Gary Gensler is at it again with the fud against Coinbase with wanting the court case to be rushed a month ahead of the scheduled pre=trial date of August 24th to July 13th.

Gary wants to be a hub of cryptocurrency market and want to be a star on Youtube, social media. He is addicted with power and recognition BUT by arbitrarily governing market for his own benefits and for related parties, perhaps, he looks like one of biggest scammer in a very young history of this market.

Gary Scammer, remember his name, years later we will have many things to talk about him in documentary.

[rdbase]

Well @tranthidung it seems that bastard Gary will have no choice in the matter when it comes to his battle against Coinbase because they will be the custodians of the bitcoin and cryptocurrency when the spot bitcoin ETF is ever approved by his own sect explained below:

Coinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say
The SEC told Cboe it needed to name its partner earlier Friday.
source: https://www.coindesk.com/policy/2023/06/30/coinbase-will-be-fidelitys-surveillance-partner-for-bitcoin-etf-refiled-application-says

[Z390]

stop believing the fake market cap and volume numbers

if i shuffled a bunch of bank notes from my own left hand to my own right hand. i can shw that $1m passed between my hands even if there are only $1000 in total

the MEME MARKET IS FAKE. its the creators selling to themselves to fix/rig/fake a price hoping idiots later on buy from them ..

Looks like you are right on this one, it's easier for the team to use money around 50$ to 100$ to buy their own tokens using different addresses and people will think that those are real buyers, I once believed that this is what is going on in Pepe world, and it's why I don't get involved with the meme coin.

The same thing could have one time happened with shiba inu too, and I read that 50% of it's max supply was given to Vitalik Buterin and he donated to some country to help some children in need.

It's easier for anyone to go with this strategy because if you sit and think about it, it makes sense.

[owengtam09]

^^
That is why they are saying BlackRock basically owns the SEC.
You may not know how large BlackRock is but in the United States they have their hands in everything from Oil & Gas companies to supermarkets where people go to get their groceries.

So they will not deny them the approval process when they want to enter into the cryptocurrency market.

But I digress, this thread isn't about the ETF approval they are seeking but about Bitcoin Ordinals and how Micheal Saylor is giving his thumbs up to it's usage on the bitcoin blockchain.
But these early transgressions will all fall together one way or another in due time.

WOW! After looking at BlackRock I really don't know how big of a company it is, and it could be a potential owner of SEC, and just like some are saying here it is a true behemoth on the market,

Well, we can not really know the real reason why Michael Saylor had given his thumbs up to Bitcoin usage and because of Bitcoin Ordinals every individual Satoshi will have extra data attached to every transaction, so I think they will not deny this because of the Bitcoin Ordinals that are encrypted in any Satoshi,

After playing with Terra Luna Classic and UST stable coin, dumping the market in May 2022, they will pump it next years and lift Bitcoin towards $1M.  

Citadel Securities, BlackRock Deny Involvement in Terra Fall

They denied it but some community investigations show that they actually involved in that fiasco. If you are holder (you should be holder), you won't have to care too much about them. Let they play their games but they can not make you poor and steal your bitcoin, because you strongly hold your coins.

For me just don't become a FOMO with the sudden changes in the market I think you will be OK with it, I am a Holder if the market rises then I will be thankful for it if the market crashes then wait for the perfect timing to get back you coins are still there and never gone, I think the weak hands will not understand this simple solution to a problem of keep on holding, well there will be a time that those companies and Michael Saylor will want to manipulate the market again, but for me, they will and for me, their only goal could be to get money on what they will do, who doesn't want to profit in this kind of things,

[rdbase]

Coinbase used in Blackrock's ETF filing so to abide by SEC's rules on having a security surveillance partner to appease the stringently strict cryptocurrency regulators overseeing this potential approval.

https://decrypt.co/147177/blackrock-spot-bitcoin-etf-filing-sec-coinbase-surveillance
https://www.theblock.co/post/237563/blackrock-refile-for-spot-bitcoin-etf-naming-coinbase-as-surveillance-partner

[owengtam09]

Watching the news CNBC if I am correct right now many are just founded on what BlackRock is doing and because the SEC is very hostile to companies that are investing in Bitcoin they are questioning the recent BlackRock move and why they are doing this do They know something that we don't know what may happen, but in the recent move ETF have said no or they failed in getting the approval but right now BlackRock is showing the ETF that it has security and stability and with the recent filing of Approval they also now have Nasdaq, and Coinbase and also Coinbase approves to be regulated, but they also talked about BlackRock is not really wasting their time in doing this kind of things and they will surely and eventually get that approval, here is the News, https://www.youtube.com/watch?v=ngUo2-UDfQg

Well, if this ETF approval will go through what is likely we are going to see the value of Bitcoin now in the market and this is just the commotion on people becoming FOMO again, in this increasing value of Bitcoin going to $40,000 USD, well seen this on Twitter and we might see the future of Bitcoin is getting brighter and impending Bull Run will come, https://twitter.com/RichQuack/status/1675917613569040384

[rdbase]

BlackRock and their CEO Larry Fink certainly are a funny bunch of people since they are literally backtracking of what they thought of bitcoin back in 2017.

"in 2017 when bitcoin was $5,800, Larry Fink said he's not interested because it's a tool for money laundry, this shows he didn't do his homework before speaking on the topic, it took BlackRock 6 years to change their mind and work towards adopting bitcoin."

https://twitter.com/CryptoTea_/status/1676708895325134849

[owengtam09]

And now Larry Fink is now eating what he had said back then and has a change of heart towards Bitcoin from an index for Money Laundering to Bitcoin Could Revolutionize the Financial system, but surely both are true, for me it is the intention of the person in what to do with his Cryptocurrency or Bitcoin, but I guess BlackRock change of heart is too late now Fink have realized the potential of the Ledger Blockchain technology far too late and he even added instead of investing with gold that can be a hedge against inflation it is not sure enough but with Bitcoin as the international Asset it is not based on any one currency and it could play as an alternative, and it can also be used anytime, well her is his article

https://www.coindesk.com/business/2023/07/05/blackrock-ceo-larry-fink-says-bitcoin-could-revolutionize-finance/



Right now the value of Bitcoin as I am posting this was at $30,153.16 USD it is stable enough to hold that position, but because the BlackRock application was on hold the buying parameters also slowed down, but it the BlackRock Approval confirms for me we could likely see the Bullish trend again, which many are still waiting,

[rdbase]

The price of bitcoin hasn't really changed too drastically since the news broke a little over a week ago so I think the honeymoon period it's announcement of approval is over and the big corporate money is just slowly accumulating since some are predicting it to reach higher by year's end:
https://finbold.com/800-billion-standard-chartered-bank-predicts-bitcoin-to-hit-50000-by-end-of-2023

[buwaytress]

Surprised there's still a market cap for these things. After they peaked at whatever hundred million it was all the way back in May? June? They lost so much -- and from what I could tell last I looked, numbers only held steady because of hundreds of other new pepe coin lookalikes flooding in.

In effect, inflating market cap with thousands of new "coins".

Have to give credit where it's due though, they're still struggling when they should be dead in the water now.

[rdbase]

^^
These markets have taken a life of it's own and individuals who you would had never have thought will ever utter the words of such projects have done so such as Michael Saylor.
They should eventually be forgotten like so many projects before them since there will always be a new iteration just wrapped around in a new disguise ready to manipulate the market again with another pump & dump scheme.
Heard of Pepe 2.0 yet?
https://finbold.com/pepe-2-0-rockets-almost-1000-in-a-week-can-it-hit-100m-market-cap
https://beincrypto.com/pepe-2-0-ath-these-meme-coins-next

It is a prime example of how this market manipulation can transpire in a short amount of time amounting in millions being made by such crafty individuals. Who tend to watch these markets frequently enough to know when to sell these washed altcoins.

[Reid]

^There's this saying that going against what Jim Cramer said on market analysis is the right thing to do. I don't know about that.

I have never bought this meme coin, not even a single one of it.
Even if it goes as high as a shocking number, I will not. You are right @rdbase, there's obviously someone behind all of this and it's not actually different from other memecoins that was pumped and dumped. It's just a matter of time on when it will happen. These guys could be greedy, and they may want more as long as they can still fool their victims.

Soon, it will be like this.


I don't understand the change to Pepe 2.0, but I am reading a lot of rough comments about it and some investors suddenly doubting because of the fishy move. It will be sad to see a lot of investors crying in social media again but it's the risk they took. I will not laugh either, but it should be a good lesson when worst happens.

[rdbase]

The picture above says it all for these sort of markets and all the manipulation that comes with it via main stream media or the cryptocurrency influencers from their dungeons who have a crypto channel on youtube:
Degen nation

[rdbase]

It seemed the SEC setup Coinbase to fail from the very beginning when they allowed to the company to go public with their IPO having months later filing a lawsuit against them.
https://cointelegraph.com/news/allowing-coinbase-to-go-public-was-not-a-blessing-of-the-business-sec

Having the courts ruling against the SEC in their biggest case to date against cryptocurrency last week, there shouldn't be any chance for them to win this one.