Does multiple "probably's" up the probability of something being actual? Or lower it?
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OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Here's a really good podcast on the state of btc if anyone is interested
And here's this week's onchain report
Video:
Link
insights.glassnode.com
And here's this week's onchain report
Video:
Link
The Character of Capitulation
As the dust settles after the FTX debacle, a key question is whether the sell-off can be better characterized as a simple continuation of the bearish trend, or instead a trigger of a deeper psychological shift amongst investors.
insights.glassnode.com
This thread sums up my feelings pretty well on SBF. Dont know the author, but he's spot on here in a lot of what s/he says
when you dig just a LITTLE.. it's amazing how many people were shouting it.....
you can now tell me how this is different than all "that".....
to me... great warning....
what was SUPPOSED to simply be an alternate medium of exchange is only interesting because it is not a medium of exchange-- just a "cool black box" that some people (mostly not you) have said is a cool black box...
you can now tell me how this is different than all "that".....
to me... great warning....
what was SUPPOSED to simply be an alternate medium of exchange is only interesting because it is not a medium of exchange-- just a "cool black box" that some people (mostly not you) have said is a cool black box...
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is this the same guy as last week or a new guy?....I can't keep track..
Back in my day... Billionaires didn't die so often...
Back in my day... Billionaires didn't die so often...
And in the same product space. Guys need better helicopter maintainence.😂😂😂
Isn't Binance illegal/blocked in the US? I have to be honest, got rid of the small amount of my remaining crypto a while back and moved the cash out of COIN. I will use Fidelity or Grayscale when I jump back in. I don't trust any exchanges and too lazy to hold myself.
nothing wrong with this approach (IMO). I agree, if you don't want to learn cold wallets/storage, i wouldn't trust exchanges for any real value (small amounts that you can live with fine). [and I even have real questions about long-term storage of cold wallets]
amazing how when you give largely unmonitored individuals, nearly unlimited access to near limitless cash belonging to other people, things often go wrong..
Just being patient as the dust settles. If Binance goes down, or is compromised, I assume we will have another significant drop. I have cash waiting.....
Its almost as if the crazy fees are there for a reason...
Perhaps. Again, I'm focused solely on Bitcoin here, but flushing out the sites that allow for over leveraged btc is a good thing in the long term. I don't think Binance is going anywhere, BUT I wouldnt be Isurprised if the US govt shut down their US exchange (if even possible)
I've pivoted over to Strike for all bitcoin purchases. No fee. No withdrawal fee. And one of the few places where I can hold $0 USD on an exchange and quickly send dollars to fund my account via Chase in real time. Their exchange spot price trends higher than the other major exchanges, but it's not terrible.
I was using Gemini Advanced Trader for a while, but I find the delays in receiving USD and withdrawing to be unnecessary.
I signed up for the new Fidelity crypto platform. It will only trade BTC and ETH, but that’s fine with me!
Danske Bank pleads guilty to massive fraud to DOJ, forfeits over 2 billion dollars. Posted just as an example that money laundering and fraud is far worse in fiat currencies (mostly US dollars) than any crypto fraud. I didn't expect any crypto naysayers to mention this.
always agreed with this but binance going down which will bring btc close to 10k imho
Was down to 15s...I dont think it's done anything well. By design, it should be much higher but it's dead cat bouncing here
I read an article/analysis that $14-15k is a hard floor for BTC due to the amount of coins being held in cold storage. Obviously, this can change and people can move these coins, but the effort is a lot more and these owners have shown a high level of commitment to BTC (i.e., the true believers). We shall see!
The holders help, but not sure why they would help set a floor at a certain level. Need buyers to jump in at those levels.
I think it is a supply and demand issue. Of course, if demand evaporates there will be consequences, but I think the article assumed demand staying at reasonable levels.
I wonder if any banks are considering acquiring Binance. That would be a fascinating next step
I think we are FAR from over this......... in a world used to microsecond results - the fact is US regulators are taking their time... the real hammer is coming..
and when the deep money starts to feel that there's too much risk at being held accountable - that's when we see who really is the "true believers" and who is just chasing profit...
Not a chance any us. Government getting set to go after crypto
Isn't regulation now seen to be a good thing?
But I just meant the price action after the FTX collapse, which one would think would scare a bunch of people away. My thought is those that were to be scared off, were already long gone, perhaps once it crashed through 30K(that's when I go out).
Seems the BTC community was pretty defiant on that news. And the mantra on the aftermath has been, get out of junk coin, and buy more BTC.
not the same.
Zero indication the US is going to be interested in "regulating synthetic". In fact, even less interested in it today than they were pre-election when Sam was spreading cash.
Enforcement of wire-fraud and money laundering law is not the same as the "regulation" people are looking for.
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