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

[T2Kplus20]

Not going to lie. It's pretty diff to discern the message of your posts.

Its not Winklevii. Their platform is fine. They used Genesis as their partner on lending out crypto assets.

Im not super worried at 16k. It may dip a little lower but feel good here. Long term holder supply is at an all time high. There's less btc on exchanges that can be lent out and leveraged and it looks like Grayscale will live on.

Do you have any levels marked for buying? Not sure how far BTC and ETH will dip.

 

[bob-loblaw]

The diamond hands on bukele

El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

A digital securities bill has been presented to El Salvador’s Congress, paving the way for the issuance of bitcoin-backed bonds.

bitcoinmagazine.com

 

[bob-loblaw]

Do you have any levels marked for buying? Not sure how far BTC and ETH will dip.

Eth, zero. PoS will send it down a slow grind towards irrelevance.
Btc at this point, no. All my limit orders have been filled the last month. Would love to see it dip lower into the new years to accommodate more, I just dont see a path much lower, barring gbtc collapse, which would prob drive the price to 8 or 9k. Announcements of contagion and bankruptcy will cause dips, but i can see each dip reversing quickly

 

[T2Kplus20]

Eth, zero. PoS will send it down a slow grind towards irrelevance.
Btc at this point, no. All my limit orders have been filled the last month. Would love to see it dip lower into the new years to accommodate more, I just dont see a path much lower, barring gbtc collapse, which would prob drive the price to 8 or 9k. Announcements of contagion and bankruptcy will cause dips, but i can see each dip reversing quickly

You are wrong about ETH, but that's for another post. If Grayscale makes it through this, it may be the right play due to the massive discount.

 

[bob-loblaw]

You are wrong about ETH, but that's for another post. If Grayscale makes it through this, it may be the right play due to the massive discount.

Lol. It's 1 step removed from being a CBDC. If that's your thing, have at it. I'll hold onto what I have in my wallet, but I think it's going to be a slow grind down over the next five years.

 

[T2Kplus20]

Lol. It's 1 step removed from being a CBDC. If that's your thing, have at it. I'll hold onto what I have in my wallet, but I think it's going to be a slow grind down over the next five years.

Yeah, super crypto winter coming. Gotta be patient and get positioned for the long-term.

 

[Rutgers Chris]

What an interesting panel, can’t believe he’s still speaking

 

[RUfromSoCal?]

What an interesting panel, can’t believe he’s still speaking

View embedded media

I assume "virtually"... dude would be served with papers (and probably held under indictment) if he sets foot...

that said........ if he has any good lawyers.. they'd stop him. his tweets already will be used in bankruptcy proceedings... the less words that come out of his mouth - the better for him...

 

[RUDead]

I assume "virtually"... dude would be served with papers (and probably held under indictment) if he sets foot...

that said........ if he has any good lawyers.. they'd stop him. his tweets already will be used in bankruptcy proceedings... the less words that come out of his mouth - the better for him...

I'll be surprised if he shows up. He will come up with some excuse not to attend.

If he does show up and isn't arrested then we can assume every conspiracy theory is true.

 

[RU-05]

If the last crypto winter is any sort of guide, BTC still has a ton of downside, cut in half again def looks to be in play, and about 3 years before it might go on another run.

 

[Rutgers Chris]

If the last crypto winter is any sort of guide, BTC still has a ton of downside, cut in half again def looks to be in play, and about 3 years before it might go on another run.

The rainbow has officially broken below

 

[RU-05]

The rainbow has officially broken below

View embedded media

Yeah but that only includes visible light......

 

[bob-loblaw]

The rainbow has officially broken below

View embedded media

The prob wit this is that is that, these sorts of charts w/o context give ghe naysayers ammo. What is it based on. Show me realized price, 200DMA, 200WMA, etc. The reality is that those would all be showing btc at its lowest point.

If the last crypto winter is any sort of guide, BTC still has a ton of downside, cut in half again def looks to be in play, and about 3 years before it might go on another run.

I disagree with this. If history repeats itself (not sure I believe that) we're around the bottom this cycle. Combine this with the recession, and I think we have a longer sideways trade. A ton of downside is a reach IMO

 

[T2Kplus20]

The prob wit this is that is that, these sorts of charts w/o context give ghe naysayers ammo. What is it based on. Show me realized price, 200DMA, 200WMA, etc. The reality is that those would all be showing btc at its lowest point.

I disagree with this. If history repeats itself (not sure I believe that) we're around the bottom this cycle. Combine this with the recession, and I think we have a longer sideways trade. A ton of downside is a reach IMO

Yeah, I was thinking we would have to wait until the next BTC halving for a turnaround. However, it will be interesting to see how BTC and ETH respond when the Fed pivots and declares victory vs inflation.

 

[RUfromSoCal?]

Yeah, I was thinking we would have to wait until the next BTC halving for a turnaround. However, it will be interesting to see how BTC and ETH when the Fed pivots and declares victory vs inflation.

I would suggest you need to clarify what you mean by "pivot"
is that step back for 75bps?
it that stop increases at all?
is that lowing rates back down?

those are 3 different things.. with potentially very different time horizons and impacts..

..and still - to talk about crypto in terms of Fed actions - implies that this really isn't a medium of exchange - merely an unregulated security.... and Fed action is a minor part of that....

 

[RUDead]

Getting dangerous out there in Crypto land. Third death in a few weeks.

Russian tycoon, 53, is killed in helicopter crash near Monaco

Russian businessman Vyacheslav Taran, 53, died after the helicopter plunged to the ground near the resort town of Villefranche-sur-Mer after taking off from Lausanne in Switzerland.

www.dailymail.co.uk

 

[T2Kplus20]

Getting dangerous out there in Crypto land. Third death in a few weeks.

Russian tycoon, 53, is killed in helicopter crash near Monaco

Russian businessman Vyacheslav Taran, 53, died after the helicopter plunged to the ground near the resort town of Villefranche-sur-Mer after taking off from Lausanne in Switzerland.

www.dailymail.co.uk

He probably just got Putin'ed. Nothing about crypto.

 

[Rutgers Chris]

He probably just got Putin'ed. Nothing about crypto.

Damn, we had a solid two month run of no deaths

2022 Russian businessmen mystery deaths - Wikipedia

en.wikipedia.org

 

[RU-05]

SBF interview coming up on cnbc.

Let's see how hard they go at him.

 

[T2Kplus20]

SBF interview coming up on cnbc.

Let's see how hard they go at him.

Was in the car coming home. Sounds like they were interviewing someone else from FTX. Is that right?

 

[RU-05]

Was in the car coming home. Sounds like they were interviewing someone else from FTX. Is that right?

No SBF. I thought Sorkin grilled him pretty good.

SBF with a lot really technical answers which lost me at times, in addition to a lot of "I was not aware" type answers.

 

[RUfromSoCal?]

No SBF. I thought Sorkin grilled him pretty good.

SBF with a lot really technical answers which lost me at times, in addition to a lot of "I was not aware" type answers.

how is he not in jail yet?

 

[T2Kplus20]

No SBF. I thought Sorkin grilled him pretty good.

SBF with a lot really technical answers which lost me at times, in addition to a lot of "I was not aware" type answers.

That was SBF? Sounded like a whiney little child. I was listening via the SiriusXM CNBC channel, so only audio.

 

[RUfromSoCal?]

 

[RU-05]

how is he not in jail yet?

Well he's still in the Bahamas for one.

And the Bahamas got their money out.....after the fact, and they want to retain their identity of being "business friendly", so don't expect extradition on their part.

What access does US law enforcement have over a foreign companies records?

 

[RU-05]

That was SBF? Sounded like a whiney little child. I was listening via the SiriusXM CNBC channel, so only audio.

Didn't look much better.

He can spin a web of technical terms though.

 

[T2Kplus20]

Didn't look much better.

He can spin a web of technical terms though.

How can anyone trust that guy? Absolutely crazy.

 

[RU-05]

How can anyone trust that guy? Absolutely crazy.

It is interesting.

I would point to the crypto kids, but big money had invested in FTX as well. Did they too just follow the craze? Wouldn't be the first time smart money got caught up in an overly exuberant market.

 

[Rutgers Chris]

Quick 30 second watch…

 

[RU-05]

Quick 30 second watch…

View embedded media

Posted 2 weeks ago.

If he told this story after the fact, then meh.

 

[RUfromSoCal?]

Well he's still in the Bahamas for one.

And the Bahamas got their money out.....after the fact, and they want to retain their identity of being "business friendly", so don't expect extradition on their part.

What access does US law enforcement have over a foreign companies records?

This is barely true.

yes, the Bahamas is a safe-haven...but only to the extent they don't piss-off the US Gov't. They ALWAYS bend over for the US when pressed.. ALWAYS.

what this tells us is they are NOT being pressed...

 

[RU-05]

This is barely true.

yes, the Bahamas is a safe-haven...but only to the extent they don't piss-off the US Gov't. They ALWAYS bend over for the US when pressed.. ALWAYS.

what this tells us is they are NOT being pressed...

Oh right, the grand conspiracy.

 

[RUfromSoCal?]

Oh right, the grand conspiracy.

oh, i forgot.. .it's a level playing field.

 

[bob-loblaw]

That interview was an abomination. Sorkin did a good job on questions BUT he was 100% the wrong person to do that interview, as he simply is unknowledgeable on the crypto space. You can see he was fed good questions, but his follow up was non-existent and openly accepted SBF's bs responses.

Then I go on Twitter and see this shit.


This guy should be in jail. The fact he bought so much influence is why he's getting his version of a redemption tour. Between this interview the NYT piece and some of the fluff jobs he's been getting it's transparent the "powers that be" want him made to be the victim.

 

[RU-05]

That interview was an abomination. Sorkin did a good job on questions BUT he was 100% the wrong person to do that interview, as he simply is unknowledgeable on the crypto space. You can see he was fed good questions, but his follow up was non-existent and openly accepted SBF's bs responses.

Then I go on Twitter and see this shit.

View embedded media

This guy should be in jail. The fact he bought so much influence is why he's getting his version of a redemption tour. Between this interview the NYT piece and some of the fluff jobs he's been getting it's transparent the "powers that be" want him made to be the victim.

After that interview in which Sorkin had SBF squirming for an hour, CNBC continues to skewer SBF this morning.

Like the Forbes story you posted a couple weeks ago that you labeled a "fluff piece" you're pulling a Don Quixote here.

 

[bob-loblaw]

After that interview in which Sorkin had SBF squirming for an hour, CNBC continues to skewer SBF this morning.

Like the Forbes story you posted a couple weeks ago that you labeled a "fluff piece" you're pulling a Don Quixote here.

Watch any interview with SBF, he is always uncomfortably squirming.
Yes they've been skewering him this AM.

Any media that is not blasting him is straight trash. He committed fraud and stole billions from people. That's it. Its undeniable. Quotes like this from the aforementioned Forbes article are clearly an attempt to soften the blow of his (and her) crimes.

Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe.​

And that was the lede to the article! It is undeniable that something bigger is at play here. I don't know if that's his donations politically, his influential parents, involvement w the WEF, or all simply all three.

 

[xWVU2010x]

Watch any interview with SBF, he is always uncomfortably squirming.
Yes they've been skewering him this AM.

Any media that is not blasting him is straight trash. He committed fraud and stole billions from people. That's it. Its undeniable. Quotes like this from the aforementioned Forbes article are clearly an attempt to soften the blow of his (and her) crimes.

Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe.​

And that was the lede to the article! It is undeniable that something bigger is at play here. I don't know if that's his donations politically, his influential parents, involvement w the WEF, or all simply all three.

Binance holds an ownership stake in Forbes and is probably pulling the strings to soften Forbes stance on this as they're probably playing similar games with their own coin, and stablecoins.

 

[RU-05]

Watch any interview with SBF, he is always uncomfortably squirming.
Yes they've been skewering him this AM.

Any media that is not blasting him is straight trash. He committed fraud and stole billions from people. That's it. Its undeniable. Quotes like this from the aforementioned Forbes article are clearly an attempt to soften the blow of his (and her) crimes.

Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe.​

And that was the lede to the article! It is undeniable that something bigger is at play here. I don't know if that's his donations politically, his influential parents, involvement w the WEF, or all simply all three.

This is the opening of the article.

Caroline Ellison, the CEO of Alameda Research who oversaw crypto traders allegedly playing roulette with billions of FTX’s customer funds, was asked if she had any advice for her younger self. Her reply was earnest and brief. "I would tell her to be less risk-averse and believe in herself more," she wrote in a previously unpublished application for Forbes’ 30 Under 30 list.

A year later, that advice reads as a stunningly ironic epitaph for one of the biggest financial catastrophes in recent memory, one Ellison herself presided over. Last week, FTX, once the second largest crypto exchange in the world, collapsed into a $32 billion pile of risky bets and worthless tokens that the former Enron attorney who has taken over FTX said is the biggest “failure of corporate controls” he’s seen in his career. And Alameda, the company Ellison helms, was one of its architects.




People seem to expect an internet message board style rant complete with f-bombs calling for actual blood, and if they don't get it, it's a fluff piece.

Forbes ripped her a new one.

 

[bob-loblaw]

This is the opening of the article.

Caroline Ellison, the CEO of Alameda Research who oversaw crypto traders allegedly playing roulette with billions of FTX’s customer funds, was asked if she had any advice for her younger self. Her reply was earnest and brief. "I would tell her to be less risk-averse and believe in herself more," she wrote in a previously unpublished application for Forbes’ 30 Under 30 list.

A year later, that advice reads as a stunningly ironic epitaph for one of the biggest financial catastrophes in recent memory, one Ellison herself presided over. Last week, FTX, once the second largest crypto exchange in the world, collapsed into a $32 billion pile of risky bets and worthless tokens that the former Enron attorney who has taken over FTX said is the biggest “failure of corporate controls” he’s seen in his career. And Alameda, the company Ellison helms, was one of its architects.




People seem to expect an internet message board style rant complete with f-bombs calling for actual blood, and if they don't get it, it's a fluff piece.

Forbes ripped her a new one.

agree to disagree.

 

[RUfromSoCal?]

agree to disagree.

there is almost no real journalisiming anymore... and we all pay a hefty price for that....