Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2761. (Read 26714892 times)

We were warned about it in advance.



https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankman-fried-some-crypto-exchanges-already-secretly-insolvent/

I was only joking about the batslap.

In relation to SBF I think this is more appropriate than a slap.

I hope in relation to SBF, bro.
"if you prick us, do we not bleed?"

you cannot learn everything there is to learn about bitcoin by talking only about bitcoin.
Example: FTX debacle is outsize of btc domain, mostly, yet it keeps affecting it...just look at your wallet.

#Bitcoin BTC

cryptoTea_

For sure, there was something weird about Sam and his whole situation (including going to supposed Billionaire status in a matter of months), and it is showing itself a lot more now..

funny how that works?


 

Who would'a thunk?

Oh, which by the way, reminds me that we do need to be taking responsibilities for our own actions.. --- are we really going to say to ourselves... I was gambling.. but "It was Sam's fault?"


Besides your shitcoin talk.. bitcoin is a protocol and not a company, so your comparisons are likely not quite on point.

So, even if bitcoin were to go below $1k, it would likely have decent chances to recover and proceed to have new all time highs - that is if we presume that it largely remains what it is in terms of development and code...

So for example we could have a massively coordinated state attack that comes right now and makes all exchanges in the USA illegal (and perhaps in other countries too), adn that could drive the price below $1k, but it likely will not kill bitcoin, and bitcoin could end up reaching ATHs again in 10 years or so.  I am not even going to concede that it might even be feasible to attempt to coordinate such a wide-spread state attack without backlash .. but we should not rule out the possibility of such desperation attempts that truly may well cause a lot of backlash. .and even considerable division within this country and also in various places in the world.. for example, bombing El Salvador and things like that..



I am not sure if I say that, exactly, but I do say that DCA tends to be amongst the best ways to get started in BTC, but then when we have been in a while we might have already spent a lot of time accumulating BTC - and we might supplement DCAing with buying on dip and lump sum investing, which sure are variations of DCA.. so I doubt that I am saying that there is any one exact approach.. even though I would say that there are target ranges of BTC accumulation such as somewhere between 1% and 25% for the newbie.. but then the longer that someone has been into bitcoin, they will need to figure out their own target accumulation level. which may well depend upon how long they have been in. and then also whether the BTC that they do hold are in profits, or not... and how much in profits... of course, these days, none of us are likely feeling greatly "in profits," even if we are actually "in profits".. but being down more than 75% from the November 2021 top is not feeling that great, currently.. .. which surely could inspire some buying on dip, and maybe DCA could be a way of "dealing with" the feeling of running out of money... because so many dips have already been bought.


For the reasons stated in my above post (and probably other reasons to), I no doesn't talk like that.  DCA is one of the considerations.. and not just those other two considerations that you listed as your proposed sig, Philip.

Explanation

Explanation

Whoa...


Bitcoin is dead?


Again?


Trolls are not Genie(s).. including (but not limited to) your dumb-ass self-absorbed lil selfie.


Not happy to hear that.

It is difficult to know what to say..

There are quite a few of us who keep less than 50% of our stash on exchanges.. but I know that sometimes there can be slippery slopes in regards to trying to carry out various trades.

I still think that I have around 12 or 13% on exchanges, even though there were times in which I had something close to 50% on exchanges (and it may have been more than that because I was actually a little bit unclear that one way that I was holding some bitcoin actually had a private key.. but I did not realize that there was a kind of share arrangement, so some of the vulnerabilities can end up getting out of hand.

On the positive side.. you know about bitcoin and other people do not know about it.. like 99% of the world seem to NOT know about bitcoin (some of them think that they do), yet I understand that knowing about bitcoin might not be very helpful, if you put yourself into financial (and perhaps psychological) stress that could disallow you to be even able to take very modest DCA steps that might ONLY amount to $10 per week.. and then work your way up to $100 per week after a year or so?   Of course, you know your situation better than any of us regarding what you may or may not be able to accomplish.

Hey we are now under 16.0k

The meltdown is firing back up

I will be using some of my cash on coinbase to buy tonight.

Is this smart asian money selling off some more?

Short answer:  Yes.

It is likely way more difficult to take you seriously.  Do you have some shitcoin that you would like to pump?

Do you believe that price action negates either bitcoin's investment thesis or the sound money thesis of bitcoin?

Probably you are not a good source to answer these questions anyhow - since you seem to want to be critical for the mere sake of it.    


Yes.  If you do not understand what is bitcoin then it might well look silly.  Your seeming to believe that he looks "pretty silly" says something about you.


Yes.  People use one liners on twitter.  You had not noticed?


When I first saw your fried chicken post, I thought that you were saying:  "Winner, Winner, Chicken Dinner."  So thanks for clarifying how fleshed-out profound were your thoughts on the topic.  

 


Some of us noticed.   You talk in absolutes, but your practices do not align with your words... which either means you are talking your books, or you are engaging in exaggerations.

That's how it appears to this here cat.


Sounds like too much cash to me.

Where's the beef?


That's pretty fucking dumb, especially if you believe yourself to be a bitcoiner to have equal allocations in a couple of shitcoins, as if those shitcoins were even close to similar to bitcoin.

Seems a bit unfocused to this here cat.


Of course, everyone needs to figure out their own allocations, including how much interactions that they want to be doing with exchanges, and how much value to be holding on exchanges.

Of course, I am repeating myself.. so why say more at this particular moment?


I doubt you "need" an explanation for some vacuous and meaningless image.. from a shitcoiner wannabe /  bitcoin naysayer.

It is not that bad. But it is a solid kick in the nuts.


My signature is now been changed to this:

Explanation

I am
going to change my signature to:
three rules of btc.
1) be like JJG just DCA
2) Never invest more than you can afford to lose
3) Not your keys not your coins.

And remember this statement, it’s always true “Never invest more than you can afford to lose“.

math is complicated, man

In one of his earlier podcasts, McCormack once admitted that he is dumb.  It was the one and only moment, when I found him reflecting my exact thoughts.

And it turns out FTX/SBF didn't do that to really help these failing sites. It did that to get what funds they had :

https://twitter.com/AutismCapital/status/1591569275642589184

Explanation