Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2688. (Read 26712860 times)

Peter McCormack fans rn

Why is it always an either or?
Whats wrong with doing both?

Explanation

fake smile and mental illness eyes... just how I like my gurus...


https://twitter.com/anilsaidso/status/1597371512570675205

The famous twitter "crypto" guru Pomp used to shill lies about blockFi. What kind of idiot one has to be to trust such crooks with their savings? I guess too many. I don't know if we already hit the bottom but until the market is cleansed from such trash, there is no reason to expect some wild bull run. So I keep DCAing but won't risk any extreme investment. At least not yet.

https://twitter.com/i/status/1597371512570675205

Generally speaking, Federal Government agencies such as the SEC are run by the executive branch, but they have been established by statute that was passed by the two branches of congress.  

Of course, congress can pass laws to change the mandates of various agencies and such new laws would need to be signed by the executive (president).

Yes, a lot of these matters come off as political because the various agencies will be under pressure regarding if they are exceeding their mandates or if congress or the executive want to change the ways that agencies are run through a variety of tactics, so surely sometimes agencies become overly political too.. because they sometimes are under scrutiny rather than just following their various mandates that may even be internally established within each agency and the agencies are subject to court review, too... and of course, popular pressures and popular input - which is sometimes taken into account (it is supposed to be taken into account) and sometimes popular pressures are skirted too.


Sure.. the whole world might say that they do not care about the US financials, such as SEC, FED hikes etc.. but there are still plenty who follow and use as guidelines.. so your assertion of purportedly "not caring" comes off as mostly lip service rather than actual practices and factual happenings.


I doubt that CZ caused FTX to collapse, and it is a good thing that FTX did collapse, since it was quite apparent that they did not have assets to back up their bullshit token, or whatever else they were using to look like assets when they were stealing customers funds and otherwise gambling with customer funds.  

Fuck FTX and any attempt to blame CZ for their collapse.. that's bullshit.  FTX caused its own collapse, and it should not have gotten that BIG in the first place.  

Regarding whether Binance is solvent, sell your BNB and withdraw all your funds.  Let's see what happens.  

Guess what?  Probably nothing is going to happen, since Binance likely was not doing anything even close to as shady as what FTX, SBF and other FTX stooges/criminals were doing.. and still I have not heard of any of the FTX folks getting arrested yet.. even though the evidence is pretty damned clear that they were stealing customer funds... on a broad level, not even just some reasonable amount .. like 30%.. it was way higher stealing levels than that... or do you want to say that they just borrowed the customer money so they could trade with it or buy houses for SBF's parents?  or whatever other secret bullshit they were doing with the money that we have not even heard about yet?


Don't kid yourself.. SBF had no intention of keeping their company solvent.  SBF and fellow scammers were busy buying other companies (or entering into "arrangements") in order that they could keep stealing customer funds, while making it appear as if they were solvent.


It's true that the ramifications of FTX falling could affect Binance and CZ.. but I doubt that CZ and Binance are as worried as you are making them out to be or that they are as insolvent as you are making them out to be.. but hey, I don't claim to know much of anything except that CZ has been going through attacks since he started too.. but he had been around a bit longer than SBF and from my viewpoint, CZ also seemed to have been engaging in way more legitimate practices than SBF... .

SBF was public because he was a phoney and using influence and appearance of credibility to cause BIGGER sponsorship and investors.. but he was scamming the whole time.  The evidence seems to be showing more and more that SBF was not even trying to run a legitimate operation.. a bunch of fucking kids.. with dumb ideology too and sucking regulator dicks to try to gain influence. while stealing money from their clients the whole time..... the FTX guys should be locked up.. but they are not .. instead you and some of the other folks here worried about CZ blah blah blah.. we don't have that kind of evidence on CZ.. .. so too premature.. and better to stay focused on what we know and locking up the FTX criminals instead of losing focus.

Explanation

Explanation

I don't know about that.

You gotta take the whole thing into account, and I really doubt that we have enough information for that.


Well?  If we are talking about entry-level millionaire status at spot price, then that would have been around 14.5 BTC when the BTC price was $69k, and currently entry level millionaire status, at spot price would be around 62.5 BTC..

Sure, there are some other ways to measure millionaire status besides merely looking at spot price - and then there are ways to consider the same question of the BTC price in March 2020 got down to $3,850, so spot price millionaire status would have been around 260 BTC at that time.

And in that regard, the entry level millionaire in March 2020 may well have gotten up to nearly $18 million in November 2021, but now that same person with around 269 BTC would merely be at $4.3 million currently...

So, yes a lot of fluctuation - especially for someone who just HODLs the same quantity of BTC and does nothing besides HODL them.. which well might be a pretty rare person... though there are quire a few of us who do some variation that largely amounts to mostly accumulate and HODL... but not easy to speak for everyone or to overly generalize.


Why is "the crypto market" relevant?


Fair enough.


Sounds like a BIG SO WHAT? to me.


Another BIG SO WHAT?  Without some kind of context, or point, that's not really saying anything.


From what are you basing your information?  Have you ever seen or heard an interview with CZ?  I doubt that he is even close to as evil as you are making him out to be.


I thought that we already had three capitulations.

In your first chart, above, you are talking about a fourth one.. not a third one.      Even though you are not showing it.. like I am describing it.

Like this:

1st capitulation from upper $30ks to lower $30ks

2nd capitulation from upper $20ks to lower $20ks.

3rd capitulation... from $20k-ish down to $15.5k.. so far...

You are expecting that a 4th capitulation down to $11.9k-ish could happen.. - it appears...     

I fail to see a question here.

I don't follow anyone's conspiracy theories, I make up my own.



You make alot of good points here, I think when all is said and done CZ is going to regret this move he made. The funny thing is my guess is he saw Bankman pulling the same shit he did with BNB and wanted to get him before he was able to make his shitcoin FTT market cap liquid enough to survive. But he has forgotten the glass houses and started a shit storm that has gone deeper into alphabet agencies than he counted on and he may not make it himself.

Explanation

I don't know if this still applies, but in 2018 he deliberately kept all those company details secret.

https://economictimes.indiatimes.com/markets/stocks/news/cryptos-billionaire-trading-king-has-suddenly-run-into-problems/articleshow/63533807.cms

Is that when they allow spending locked staked coins? Is that what this guy is talking about?

I suppose he needs a gigantic audit team to consolidate his own numbers. Just look at his "corporate structure", if it can even be called "structure". It is absurd that to this date I believe he hasn't clearly stated where the headquarter is. It is not just about where they are registered. It is about how and where any issues could seriously be addressed. He doesn't care. When Malta said Binance has no license, he just moved on.

The fact that Binance now established some headquarter in Paris is really puzzling. I don't know what happened behind the scenes and what guarantees Binance received from the French government, but when the decision between Ireland and France is made in favor of France, something must be going on. Is this where the company seriously pays tax? Or is this term "headquarter" now just the place where the biggest office with real people working there is to be found? What's the deal between the French government and Binance?

I am asking myself whether CZ himself does even know off the top of his head how much in assets his messed up global corporate network even has. But with one thing I totally agree here: it is time to lay the cards on the table. Following the FTX collapse, tens of billions have been withdrawn from all kinds of exchanges. I wonder whether CZ caused a bank run that even he didn't really like. Or Binance is perfectly solvent and played this sneaky he had up his sleeves.

Then again, I also wondered whether causing an exchange like FTX to collapse could also backfire in many regards concerning his own exchange. People withdrawing assets en masse, massive push for harsh regulation, also massive push for innovation in the DEX space etc.

I have no problem with you presenting your point of view, but frequently we still need to take some of these characterizations of motives with considerable grains of salt - even if some angles might be more convincing than others.  

Yesterday, I was listening to The Bitcoin Matrix podcast in which Phil Gibson was proclaiming a kind of conspiratorial theory regarding so many players coordinating to cause the FTX crash - including asserting that CZ was in on the deal because CZ (Binance) was an initial investor into FTX.  I appreciated several of the connections that Gibson was making, but still I thought that he was drawing too many conspiratorial lines for my own comfort levels

And, today I was listening to another podcast (I cannot remember which one) in which I was reminded that FTX had paid back Binance in a combination of FTT token and also in BNB token - which highlighted that some of these off-shore exchanges are using a combination of token to make payments, including frequently using their own coin - which reminded me of a previous post that I had made to defend the BNB token and CZ, in terms of the BNB token being around longer and also my presumption that the BNB token was much better backed than then FTT token - and even though we can see a lot of these games, we cannot really know the extent to which the games are being played until shit really hits the fan.. and sure some of the tokens have BIGGER red flags than other tokens....

I am not sure exactly what my point is - except that I am reluctant to buy into very much of any of these stories - and I am not even suggesting that you, Hueristic, are buying too much into any one story - even though I feel that some of my leanings are slightly different than yours - even though each of us are surely working with incomplete information - and each of us only has so much time to be researching into these matters and trying to figure out for our own comfort levels regarding how much time we want to spend investigating various angles of these stories and how much weight to give to factual, logical and conclusory representations that we come across.

Explanation

The attacks will trudge on when eth shits the bed in late 2023 to early 2025

it is a wide spread of  when eth death spirals

Is SBF still speaking at that event tomorrow?

Just Fun bro
don't feel bad

But the world does care about the US financials including SEC... and FED's hikes clearly show it... unfortunately...

I was not angling at a lower price for BTC and some altcoins, I am using a DCA strategy anyway. I personally think that now is a very good price to buy btc regardless of future SEC actions...

However, my concern that SEC actions can put all crypto including btc into a bearish chaos...

Does it make sense