Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Another failure to sustainably penetrate $50k while alts are getting most of the attention. This is the predictable outcome of a failed cryptocurrency. Expect to see mostly lower prices for the rest of the year (and ever).
We didn't even kiss 51k, but got in the upper half of 50k.
Hm eddie? I am wondering which charts you be looking at?
Around 28 hours ago (would that be 14:30 UTC yesterday), BTC prices got up to $51,050 on bitstamp.
You might need either a batman slap or some glasses. #nohomo
Good call, both proudhon and AlcoHoDL!
+1 WOsMerit to AlcoHoDL
Llamas don't need WOsMerits ATM, do they?
Those are some controversial mixenings that you are making.... Maybe AlcoHoDL and Llama Llama are dee same peeps?
I'd be very wary about handing coins over to BlockFi, it may easily turn out to be the regulated version of what bitcoiners know as "the exit scam".
effectively you'd be selling the bitcoin at a discount given by the collateralisation rate .... and paying interest on the privilege until the the time they go bust and say "coinz went somewhere"
they had a high profile ex-regulator on the board to suck in some credibility and more coins ... he just left
they did the same thing with Corzine and MF Global when they needed physical gold to keep the dollar ponzi alive a bit longer in 2008 ... set-up an options and futures racket to suck in the desired physical product then go bust and pay out cents on the dollars in dirty printed fiat .... burns all the little guys and keeps them away from the casinos big tables where the banks play
it's all a shell game where you got to keep your eye on the pea .... CME got the gold to cover all the big boys shorts positions and all the little guys who were long gold in the futures market that was blowing it up had money confiscated, criminally so, directly from their accounts .... Corzine walked with a slap on wrist $5 mill fine, JPMorgan got the little guys siphoned fiat the day before it went bust ... CME got the gold and the fiat ponzi game goes on, only big, connected shorts that keep the fiat show alive get to truly use leverage .... all is well with the world, if you're okay with criminals in high places
effectively you'd be selling the bitcoin at a discount given by the collateralisation rate .... and paying interest on the privilege until the the time they go bust and say "coinz went somewhere"
they had a high profile ex-regulator on the board to suck in some credibility and more coins ... he just left
they did the same thing with Corzine and MF Global when they needed physical gold to keep the dollar ponzi alive a bit longer in 2008 ... set-up an options and futures racket to suck in the desired physical product then go bust and pay out cents on the dollars in dirty printed fiat .... burns all the little guys and keeps them away from the casinos big tables where the banks play
it's all a shell game where you got to keep your eye on the pea .... CME got the gold to cover all the big boys shorts positions and all the little guys who were long gold in the futures market that was blowing it up had money confiscated, criminally so, directly from their accounts .... Corzine walked with a slap on wrist $5 mill fine, JPMorgan got the little guys siphoned fiat the day before it went bust ... CME got the gold and the fiat ponzi game goes on, only big, connected shorts that keep the fiat show alive get to truly use leverage .... all is well with the world, if you're okay with criminals in high places
Just what I needed to read. It fleshes out my gut feeling with a few factual details I hadn't heard about (or didn't remember). Thank you @marcus_of_augustus.
+1 WOsMerit
Fuck putting your coins with shady ass third parties, even if they are trying to act like they are legit and blah blah blah.. .. and if you think that you need 1.5x collateral, and you are sitting all lovey dovey and smug because you feel that you are putting your BTC to good use, and pretty soon you realize that you needed 3x collateral and all your coins are gone because of "reasons"...
Did I say fuck that nonsense?
Bitcoin is designed to pump forever, so there are hardly any reasons to get greedy. And if you cannot do whatever projects that you want or buy your house by selling a few of your lillie fiends, then probably you are too fucking poor.. and maybe you better wait another cycle.. or some variation of that.
Stop trying to act like you are fuck you status when you haven't reached it yet (not referring to you specifically d_eddie).