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OT: Bitcoin, Altcoins, NFT's & All Things Crypto

First Disney, now Starbucks choosing $matic as their partner. They seem to be positioning themselves well as a benefactor of ETH's merge. I've been looking for something to buy besides Solana and I think this is it.
beincrypto.com

Starbucks Plans Launch of NFT Rewards Program Using Polygon (MATIC)

Coffee retail chain, Starbucks, is moving to bring the future of web3 dining to the coffee industry by launching Starbucks Odyssey, a program that will enable customers to earn and buy digital assets.
beincrypto.com beincrypto.com
 
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Rutgers Chris said:
First Disney, now Starbucks choosing $matic as their partner. They seem to be positioning themselves well as a benefactor of ETH's merge. I've been looking for something to buy besides Solana and I think this is it.
beincrypto.com

Starbucks Plans Launch of NFT Rewards Program Using Polygon (MATIC)

Coffee retail chain, Starbucks, is moving to bring the future of web3 dining to the coffee industry by launching Starbucks Odyssey, a program that will enable customers to earn and buy digital assets.
beincrypto.com beincrypto.com
Click to expand...
MATIC (Polygon) is one of my core crypto holdings
 
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Rutgers Chris said:
First Disney, now Starbucks choosing $matic as their partner. They seem to be positioning themselves well as a benefactor of ETH's merge. I've been looking for something to buy besides Solana and I think this is it.
beincrypto.com

Starbucks Plans Launch of NFT Rewards Program Using Polygon (MATIC)

Coffee retail chain, Starbucks, is moving to bring the future of web3 dining to the coffee industry by launching Starbucks Odyssey, a program that will enable customers to earn and buy digital assets.
beincrypto.com beincrypto.com
Click to expand...
To hell w anything associated with the Eth merge. It's a harbinger to what amounts to a CBDC and more digital surveillance.
Uniswap may as well be called Fedswap.

The new ETH commercials on CNBC are cringe worthy.

Should be some interesting volatility today w btc as there's a lot of options expiring today. The boring sideways trend continues. I keep buying more when I get an alert below 19k.
 
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If the SEC does its job (unlikely), this should only be the beginning. KK was paid $250K to pump ETHmax. Remember all the BTC endorsers claiming it was going to $100K, including CW and Jimbo Cramer? Then Cramer sells out near the top, buys a 100+ acre farm with the proceeds, and reverses his recommendation on crypto. And Gensler sat on his hands during the entire mess.

www.cnbc.com

Kim Kardashian pays over $1 million to settle SEC charges linked to a crypto promo on her Instagram

Reality TV star Kim Kardashian agreed to cooperate with an ongoing investigation by the SEC as she settled charges she unlawfully touted a crypto asset.
www.cnbc.com www.cnbc.com
 
Looks like FTX sold off its foreign based exchange but kept the US exchange. BTC bounced right back. Seems like a bullish rebound IMO.
 
Bob, Chris, Nut, and others - thoughts on buying the dip? Thinking about GBTC and ETHE for now.
 
It's not looking good short term. At all. The good news of the leverage flushes is that it is going to wipe out shitcoins in the process. I've very clearly became a near bitcoin maxi in the past year. What's going on only strengthens that resolve. A lot of what we're seeing is traditional finance systems being built on the blockchain and now here we are.

You're starting to see exchanges show proof of reserve, which is a good thing, but not perfect as you still have to trust their internal audit team to ensure liabilities dont exceed reserves

Just saw another hiccup. the Tron owned stable coin USDD statted to depeg.

Lastly, if you have Solana, you may want to consider unloading it. Looks like 13% of Solana will be unstaked in the next 24 hours. Its roughly 47 mill Sol tokens being avail for trade, leaving 1.8 mil staked. I dont know too much nuance of Solana, but that is not a good sign IMO. Do your own diligence, but I would not be comfortable holding Sol.
 
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bob-loblaw said:
It's not looking good short term. At all. The good news of the leverage flushes is that it is going to wipe out shitcoins in the process. I've very clearly became a near bitcoin maxi in the past year. What's going on only strengthens that resolve. A lot of what we're seeing is traditional finance systems being built on the blockchain and now here we are.

You're starting to see exchanges show proof of reserve, which is a good thing, but not perfect as you still have to trust their internal audit team to ensure liabilities dont exceed reserves

Just saw another hiccup. the Tron owned stable coin USDD statted to depeg.

Lastly, if you have Solana, you may want to consider unloading it. Looks like 13% of Solana will be unstaked in the next 24 hours. Its roughly 47 mill Sol tokens being avail for trade, leaving 1.8 mil staked. I dont know too much nuance of Solana, but that is not a good sign IMO. Do your own diligence, but I would not be comfortable holding Sol.
Click to expand...
The protocol though seems to be growing strongly. Layer 2’s are building on Solano (I.e. Polygon). I think Solana will be one of the survivors
 
GBTC selling @ discount to NAV... good value - or because the institutional floor has fallen out....
firesale on fake paper for valueless money...... or greatest deal ever!
 
Last edited:
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T2Kplus20 said:
Same thing for ETHE.

SOL down to $16.
Click to expand...
Shit. Didnt realize it went that low.

I think Solana has staying power, but it's another centralized coin, similar to ETH. The amount of BTC sitting in cold storage after this flushes out is going to be an insane number.
 
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In before assumptions are made

MicroStrategy has a $205m loan subject to margin call. +2 Billion in unused collateral to satisfy the margin call. +Option to sell $500m in stock to raise cash. They’re not getting liquidated.
 
RUAldo said:
Sounds like SBF should be wearing an orange jumpsuit when the dust settles.
Click to expand...
1000%

T2Kplus20 said:
The plot thickens!

Binance likely to walk away from FTX deal-WSJ
Click to expand...
CZ (owner of Binance) was NEVER going to bail out SBF/FTX. He was straight trolling him. Very obvious to btc twitter people. Think about it logically, what purpose does it serve to take on all of that other than ego - none.

Josh Brown on CNBC just had a good segment on the state if crypto right now. I generally am meh on him, but when pressed by Scott Wapner with a "well you own btc, how could you not be bullish longterm" comment, he harped on exactly what maxis have been harping on - decentralization. All this shit exploding continues to prove the case for btc and decentralized assets.
 
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bob-loblaw said:
Josh Brown on CNBC just had a good segment on the state if crypto right now. I generally am meh on him, but when pressed by Scott Wapner with a "well you own btc, how could you not be bullish longterm" comment, he harped on exactly what maxis have been harping on - decentralization. All this shit exploding continues to prove the case for btc and decentralized assets.
Click to expand...
I’m going to agree to disagree on this narrative. This is exactly the kind of BS that keeps perpetuating this nonsense. If this FTX mess means blockchain continues to march forward then great. Let VISA or a real financial institution figure out a way to commercialize blockchain. But, if I’m supposed to believe that the collapse of the most trusted crypto exchange proves any case for BTC that’s nothing but crazy talk from a crypto hodler.
 
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RUAldo said:
Total sh!t show. Sam Bankman-Fried may be next Madoff.
Click to expand...

The “JP Morgan of Crypto”. What a f’n joke. In the end, he may be looked at worse than Madoff. This guy put himself out as the savior of failing crypto exchanges while sitting on a house of cards, while Madoff laid relatively low.
 
RUAldo said:
I’m going to agree to disagree on this narrative. This is exactly the kind of BS that keeps perpetuating this nonsense. If this FTX mess means blockchain continues to march forward then great. Let VISA or a real financial institution figure out a way to commercialize blockchain. But, if I’m supposed to believe that the collapse of the most trusted crypto exchange proves any case for BTC that’s nothing but crazy talk from a crypto hodler.
Click to expand...
 
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