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

Will be interesting what happens to the price when all of the funny money stunts the bucket shop exchanges do are all but eliminated or limited to the 3rd world.
Not sure I follow that one. But my window is closing comment is a direct corellation to price. The window of opportunity to be a whole-coiner or even hold a decent amt is going to abruptly close at some point in the next 18 mos. If (when) Blackrock gets approved, more will follow. Incoming supply into the network will essentiall be nil.
 
Not sure I follow that one. But my window is closing comment is a direct corellation to price. The window of opportunity to be a whole-coiner or even hold a decent amt is going to abruptly close at some point in the next 18 mos. If (when) Blackrock gets approved, more will follow. Incoming supply into the network will essentiall be nil.

Unbacked stablecoins, wash trading, pumps and dumps. All a product of the sketchy bucket shops that make the price/volume levels whatever it needs to be to benefit whoever. If any of that wasn’t happening Binance, Coinbase, Crypto.com wouldn’t be threatening to leave, or in the process of leaving the US because they refuse to comply with the laws of the land.

Blackrock will be approved, not sure what it changes though. Just because crypto can be another avenue for them to make money doesn’t change anything about utility issues or its long term prospects as an actual currency. Anyone who would ever consider buying a bitcoin has had 6 years to think about it since it burst onto the mainstream in 2017, they’re not waiting for Blackrock. If I was ever going to get back into crypto I would use the new fidelity exchange, the rest of the space is a clown car.
 
Unbacked stablecoins, wash trading, pumps and dumps. All a product of the sketchy bucket shops that make the price/volume levels whatever it needs to be to benefit whoever. If any of that wasn’t happening Binance, Coinbase, Crypto.com wouldn’t be threatening to leave, or in the process of leaving the US because they refuse to comply with the laws of the land.

Blackrock will be approved, not sure what it changes though. Just because crypto can be another avenue for them to make money doesn’t change anything about utility issues or its long term prospects as an actual currency. Anyone who would ever consider buying a bitcoin has had 6 years to think about it since it burst onto the mainstream in 2017, they’re not waiting for Blackrock. If I was ever going to get back into crypto I would use the new fidelity exchange, the rest of the space is a clown car.
I respectfully disagree. First of all, Coinbase's problem with the "rule of law" is that they've never been given rules/laws to follow. Remember, the SEC gave them the green light to go public and the SEC had all their info in their IPO application and disclosures. Secondly, when institutions get involved with an asset, its huge for that asset. You can't compare 2017 to what the potential is when institutions go into BTC full force. Its similar (though less noteworthy) to when TSLA was put into the S&P 500. Institutions had to buy TSLA and that amplified their upward price trajectory.
 
The window is closing

It does feel like we are running out of potential crypto-centric black swan events. I'm sure there's a few to go, but each passing one seems to be of less intensity. Regulatory clarity seems to be within reach.
 
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Anyone who would ever consider buying a bitcoin has had 6 years to think about it since it burst onto the mainstream in 2017, they’re not waiting for Blackrock.
That's not accurate at all. There's countless instiutions and individuals waiting for clarity from the govt in some capacity, and wont jump in until an ETF is approved.

It does feel like we are running out of potential crypto-centric black swan events. I'm sure there's a few to go, but each passing one seems to be of less intensity. Regulatory clarity seems to be within reach.
For Bitcoin, yes. There's going to be a day of reckoning for a lot of alt and shit coins. ETH included. People will learn this decade why multi-sig is bad bad news
 
That's not accurate at all. There's countless instiutions and individuals waiting for clarity from the govt in some capacity, and wont jump in until an ETF is approved.


For Bitcoin, yes. There's going to be a day of reckoning for a lot of alt and shit coins. ETH included. People will learn this decade why multi-sig is bad bad news
Sounds like Blackrock’s spot ETF application is different than the others. Perhaps that will get it over the SEC finish line regardless of the Grayscale trial.

ETH is rock solid and going nowhere. Serves a different yet vital purpose compared to BTC. I’m 50-50 with my positions.
 
I respectfully disagree. First of all, Coinbase's problem with the "rule of law" is that they've never been given rules/laws to follow. Remember, the SEC gave them the green light to go public and the SEC had all their info in their IPO application and disclosures. Secondly, when institutions get involved with an asset, its huge for that asset. You can't compare 2017 to what the potential is when institutions go into BTC full force. Its similar (though less noteworthy) to when TSLA was put into the S&P 500. Institutions had to buy TSLA and that amplified their upward price trajectory.
The SEC approving them to go public doesn’t mean what you think or what Coinbase is childishly asserting on Twitter that it means. That’s a completely moot point, there are countless sketchy chop shops that are publicly traded, the SEC simply acknowledges they made the proper disclosures to go public. Link: https://www.linkedin.com/pulse/why-...&utm_medium=member_ios&utm_campaign=share_via

Institutions have been actively trading Bitcoin and crypto for years. This is yet another player in a long line of them announcing their intention to fleece rookie traders with less regulations to worry about. This entire market is consolidated so tightly at the top, holding a measly sum such as 1 bitcoin while you trust that companies like Blackrock don’t dump their bag on you while you pray with the rest of your 1 coiners for a $1m bitcoin is exactly the opposite of what this whole movement pretends to be about.

Tesla is a company that delivers an actual tangible working product that solves a problem. Bitcoin is none of those things. What is true of Bitcoin now is the same as its inception. To quote our bitcoin maxi friend here “tick tock another block”… as if code running as designed is some sortve game changer.
 
i've said before......I was making a super minor transaction today... and in the course of it - the price (in BTC) completely changed - and also ended up paying about 20% in "fees" and took over 1 hour to process.......

yeah, yeah..... "when things grow, it will get cheaper", "what excahnge did you use, oh, no that's not the right one.. you're just doing it wrong"

this crap ain't "money"....
 
The SEC approving them to go public doesn’t mean what you think or what Coinbase is childishly asserting on Twitter that it means. That’s a completely moot point, there are countless sketchy chop shops that are publicly traded, the SEC simply acknowledges they made the proper disclosures to go public. Link: https://www.linkedin.com/pulse/why-...&utm_medium=member_ios&utm_campaign=share_via

Institutions have been actively trading Bitcoin and crypto for years. This is yet another player in a long line of them announcing their intention to fleece rookie traders with less regulations to worry about. This entire market is consolidated so tightly at the top, holding a measly sum such as 1 bitcoin while you trust that companies like Blackrock don’t dump their bag on you while you pray with the rest of your 1 coiners for a $1m bitcoin is exactly the opposite of what this whole movement pretends to be about.

Tesla is a company that delivers an actual tangible working product that solves a problem. Bitcoin is none of those things. What is true of Bitcoin now is the same as its inception. To quote our bitcoin maxi friend here “tick tock another block”… as if code running as designed is some sortve game changer.
Hey that's me :)

And yes, running code is a game changer. You simply choose not to see it. Currency excchanges, remmittance, money that cannot be corrupted by goverment. The strongerst computing power in the world. Yeah, just no big deal.
i've said before......I was making a super minor transaction today... and in the course of it - the price (in BTC) completely changed - and also ended up paying about 20% in "fees" and took over 1 hour to process.......

yeah, yeah..... "when things grow, it will get cheaper", "what excahnge did you use, oh, no that's not the right one.. you're just doing it wrong"

this crap ain't "money"....

Lightning simplifies this.
 
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Nothing to see here...

A conspiracy theorist would say that the SEC tough talk the last few weeks was designed to bring down prices and let players like this move in.
 
Nothing to see here...

A spot ETF from Blackrock or Fidelity would be revolutionary for the market.
 
Hey that's me :)

And yes, running code is a game changer. You simply choose not to see it. Currency excchanges, remmittance, money that cannot be corrupted by goverment. The strongerst computing power in the world. Yeah, just no big deal.


Lightning simplifies this.
no.
it doesn't.
this isn't money.

we'll see if Blackrock can pay-off their way through this....
but, my (actual) money is on China, US, Eurozone crushing this by 2028...
it'll be back to drugs, human trafficking, money laundering and 3rd world....

everyone says the power of crypto is "no borders"........ but, countries HAVE borders. And laws and jails..and guns... we are on the downslope... not the upslope..
 
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Looks like folks can thank the whales for the recent moves and not BlackRock, Fidelity, etc. We’ve seen this how many times now?

In typical MSM fashion, misleading headline IMO.

I havent dug in to volume, but what is seen on-chain shows long term holders continuing to hold and wallets holding 1 btc min now at ATH.
 
In typical MSM fashion, misleading headline IMO.

I havent dug in to volume, but what is seen on-chain shows long term holders continuing to hold and wallets holding 1 btc min now at ATH.
you denying that an immensely large proportion of non-lost BTC is held by a small population of early adopters?
 
Hey that's me :)

And yes, running code is a game changer. You simply choose not to see it. Currency excchanges, remmittance, money that cannot be corrupted by goverment. The strongerst computing power in the world. Yeah, just no big deal.


Lightning simplifies this.

The strongest computing power in the world where most of it is unnecessary waste and the code can be supported just fine without most of it. Just a bunch of carpetbaggers trying (and successfully trying unfortunately) to make tons of money doing nothing other than running up the cost of electricity in whatever poor cow town they setup shop in. This is because some anonymous presumably dead guy invented something that they could have never forseen becoming this popular where mining the currency has become a new age gold rush that consumes more energy than an entire country vs a few nerds “mining it” on their personal computers at the point of inception.

“Money that cannot be corrupted by government” - a deflationary currency is already corrupted beyond anything a gov could do.
 
you denying that an immensely large proportion of non-lost BTC is held by a small population of early adopters?
Ok. There's also 1mm+ coins thought to be lost due to early neglegence in holders.

BUT what the on chain analysis continues to show, as I mentioned before is that wallet growth of people with 1 whole coin is at all time highs.


Also, short term and long term holders continue to hold their btc off excahnges at high rates, which signifies a willingness to hold an appreciating asset, not the inverse as you proclaim.
He wants to replace the fed/gov with lottery ticket winners, what could go wrong?
Lol, you nailed it. The fact that you fail to realize that it's the computing hash power that is the controlling power, says all I need to know about your desire to actually educate yourself and form a true opinion before chirping.
 
Ok. There's also 1mm+ coins thought to be lost due to early neglegence in holders.

BUT what the on chain analysis continues to show, as I mentioned before is that wallet growth of people with 1 whole coin is at all time highs.


Also, short term and long term holders continue to hold their btc off excahnges at high rates, which signifies a willingness to hold an appreciating asset, not the inverse as you proclaim.

Lol, you nailed it. The fact that you fail to realize that it's the computing hash power that is the controlling power, says all I need to know about your desire to actually educate yourself and form a true opinion before chirping.
So in the future when bitcoin is king and the dollar is collapsed, the early adopters who control the lion’s share of the supply won’t have any say in policy? Any of them will be able to act as a bank if they wish (like the exchanges already do), how do you not see that along with why that would be horrible?
 
So in the future when bitcoin is king and the dollar is collapsed, the early adopters who control the lion’s share of the supply won’t have any say in policy? Any of them will be able to act as a bank if they wish (like the exchanges already do), how do you not see that along with why that would be horrible?
all the cyrptobois complaining about central banks - happily putting their futures in the hands of 900 nameless, sketchy, unelected, unaccountable, cyberpunk virtual billionaires..... it's amazing to watch...
 
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all the cyrptobois complaining about central banks - happily putting their futures in the hands of 900 nameless, sketchy, unelected, unaccountable, cyberpunk virtual billionaires..... it's amazing to watch...
Because none of them care so long as the end game is they’re one of the lesser lords in the new hierarchy based solely on their willingness to buy a lottery ticket. Who cares who or what gets run over.
 
all the cyrptobois complaining about central banks - happily putting their futures in the hands of 900 nameless, sketchy, unelected, unaccountable, cyberpunk virtual billionaires..... it's amazing to watch...

Because none of them care so long as the end game is they’re one of the lesser lords in the new hierarchy based solely on their willingness to buy a lottery ticket. Who cares who or what gets run over.

Loving this. Please keep enlightening me more.
 
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A conspiracy theorist would say that the SEC tough talk the last few weeks was designed to bring down prices and let players like this move in.
A good example of conspiracy theorist's often grasping at the nearest straw. BTC was at $16K at the start of the year, if big players wanted to get in, they would have done it then.

I remember a couple years ago people were saying the same thing about SOFI in the stocks thread when it dropped below $12. Something along the lines of "Institutions are selling off so their buddies can get it in". However, it continued to drop, getting to as low as $4.50 and spent much of 2022 below $6. Only recently has a recent run gotten above $8.
Looks like folks can thank the whales for the recent moves and not BlackRock, Fidelity, etc. We’ve seen this how many times now?

Which in itself is bullish. If this recent move is not actually because big institutions are buying in, what happens when they do?
 
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Which in itself is bullish. If this recent move is not actually because big institutions are buying in, what happens when they do?
I don’t see whales loading up, especially based on high concentration of BTC holdings, having anything to with legit institutions. The whales have been pumping and dumping BTC from the day the infamous man of mystery wrote his white paper. Rinse and repeat…
 
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I don’t see whales loading up, especially based on high concentration of BTC holdings, having anything to with legit institutions. The whales have been pumping and dumping BTC from the day the infamous man of mystery wrote his white paper. Rinse and repeat…
What's the supposed "pump" here?

(Edit) AND.

You ignored the question and instead just went to the old reliable "pump and dump". I'll ask again. What happens when big institutions start buying in?
 
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"Four bitcoin wallets owned 2.81% of all the bitcoin in circulation in June 2023, according to BitInfoCharts, and the top 100 wallets held more than 15% of all bitcoin"

Just pulled this off investopedia. Seems that, by definition, these guys don't pump and dump. Sure they may trade on the periphery of their accounts, but I'd think at the core, they hold.
 
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I'm sure the bitBrahs will "tisk-tisk" it... but, you can find it on Bloomberg and on-line - good interview...

Don Mattingly is also anti-crypto. My non-sensical (and false) claim is about as valid as some joey j/o actor you posted.

But there is truth here. Yes, crypto is littered with fraud. Pump and dumps, ponzi's etc. The last 2 year has proven that. It's a big part of why I've gotten out and shifted to near 100% BTC.

Lastly, lets be honest here. There's fraud everywhere. We elect these people.


"Four bitcoin wallets owned 2.81% of all the bitcoin in circulation in June 2023, according to BitInfoCharts, and the top 100 wallets held more than 15% of all bitcoin"

Just pulled this off investopedia. Seems that, by definition, these guys don't pump and dump. Sure they may trade on the periphery of their accounts, but I'd think at the core, they hold.

Here's a pretty solid (from what I can tell) breakdown of large btc holdings https://river.com/learn/who-owns-the-most-bitcoin
 
Lastly, lets be honest here. There's fraud everywhere. We elect these people.




Here's a pretty solid (from what I can tell) breakdown of large btc holdings https://river.com/learn/who-owns-the-most-bitcoin
I'm not sure how twitter works, but I couldn't access the thread to see what trades they are referencing.

I imagine many of the trades are not all that "unusually timed".

I'm guessing it highlights that many people are too focused on some conspiracy that may have some truth supporting it, but not nearly as nefarious as is made out.

If I searched "pump and dump" in this, and the stock thread, there would be no shortage of posts found.
 
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I'm no crypto advocate but why would I care about some actor I've never heard of's opinion on the matter?
then you haven't followed crypto......


I'm no advocate either............ and I'm well aware of why he's an important voice...
 
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How bout one tiny detail?
i literally posted a video which takes zero effort... not sure what more u want..
but.... dude agrees he's just some Hollywood B-lister - during the Pandemic he wanted to get into crypto trading... used his "hollywood access" to connect with some big hitters -- and after 12 minutes realized they were all full of shit....and couldn't understand how this was happening... and decided to dig......

 
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