If nothing else...
This is gentlemen.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2774. (Read 26715027 times)
November 12, 2022, 12:19:33 AM
November 12, 2022, 12:01:16 AM
November 12, 2022, 12:00:15 AM
"Speaking for all the bitcoiners, we feel like we're trapped in a dysfunctional relationship with crypto and we want out."
Never have truer words been spoken. Although I have some criticisms of Saylor, I do tend to find myself agreeing with almost everything he's said over the last couple of years.
+1Never have truer words been spoken. Although I have some criticisms of Saylor, I do tend to find myself agreeing with almost everything he's said over the last couple of years.
A true and perfectly phrased comment by Saylor. The faster the crypto space disintegrates, the better. I hope this latest collapse serves as free NYKNYC education for the masses (free for most, very expensive for some).
I was pondering whether I should say anything about that Saylor interview.
Let me break my silence.
I thought that the interview was not very good - because it seemed to me that Saylor was not really answering the questions very well - because Saylor kept suggesting that bitcoin is the best, and shitcoins suck and even there are needs to regulate scammers - and even though there may be some correctness in points that he was making, I felt that the points were not really being very well expressed to get to the heart of the matter, even though it is possible that regulation could have fixed some of these matters, but it is almost acting as if there is a need for a world-wide government to regulate exchanges - and surely legislators are not going to carry that out in any kind of way that is going to be helpful in terms of empowering regular people to not have their money stolen or to have central parties engaging in fraudulent misrepresentations regarding their solvency and their use of client funds to gamble or to rehypothecate multiple circular propping up of the value of their Ponzi-scheme shitshow of appearances of value.. until the many houses of cards come crumbling down way quicker than anyone would have expected.. .. like going from something like $32 Billion to zero or even lower than zero in a matter of a few days.
It's not that I really disagree completely with Saylor - but it seems that fraud laws are already in place - so the vague calls for regulation seemed problematic in terms of solutions to the problem of attempting to re-inspire confidence of institutions in regards to the likely ongoingly good long-term investment thesis in bitcoin.
For me, it is surely NOT any kind of "hit it out of the ballpark" interview in regards to the sad times that we are currently going through with our ongoing negative price pressures on our lil precious..
For sure based on both recent events, and also where the BTC price is right now, the odds would not be very great that our current local bottom of $15,632 from about 2 and 1/4 days ago would be the bottom.
You can definitely sense his frustration... At first i thought it was all the shit he would have had to deal with from investors and other naysayers over the last 12 months... but watching it again... i think he is just tired off repeating the same information... Bitcoin is not Crypto!
Someone asked me last night what i think about this FTX and Crypto Saga, and i have been waiting to use this line... "I DON"T" He looked at me dumbfounded and I said, i only care about Bitcoin.. the rest is just background noise and a distraction...
Anyhow, back to "Operation: Bring Them Home" ...
November 11, 2022, 11:23:22 PM
It gets worse 😮
November 11, 2022, 11:15:30 PM
"Speaking for all the bitcoiners, we feel like we're trapped in a dysfunctional relationship with crypto and we want out."
Never have truer words been spoken. Although I have some criticisms of Saylor, I do tend to find myself agreeing with almost everything he's said over the last couple of years.
+1Never have truer words been spoken. Although I have some criticisms of Saylor, I do tend to find myself agreeing with almost everything he's said over the last couple of years.
A true and perfectly phrased comment by Saylor. The faster the crypto space disintegrates, the better. I hope this latest collapse serves as free NYKNYC education for the masses (free for most, very expensive for some).
I was pondering whether I should say anything about that Saylor interview.
Let me break my silence.
I thought that the interview was not very good - because it seemed to me that Saylor was not really answering the questions very well - because Saylor kept suggesting that bitcoin is the best, and shitcoins suck and even there are needs to regulate scammers - and even though there may be some correctness in points that he was making, I felt that the points were not really being very well expressed to get to the heart of the matter, even though it is possible that regulation could have fixed some of these matters, but it is almost acting as if there is a need for a world-wide government to regulate exchanges - and surely legislators are not going to carry that out in any kind of way that is going to be helpful in terms of empowering regular people to not have their money stolen or to have central parties engaging in fraudulent misrepresentations regarding their solvency and their use of client funds to gamble or to rehypothecate multiple circular propping up of the value of their Ponzi-scheme shitshow of appearances of value.. until the many houses of cards come crumbling down way quicker than anyone would have expected.. .. like going from something like $32 Billion to zero or even lower than zero in a matter of a few days.
It's not that I really disagree completely with Saylor - but it seems that fraud laws are already in place - so the vague calls for regulation seemed problematic in terms of solutions to the problem of attempting to re-inspire confidence of institutions in regards to the likely ongoingly good long-term investment thesis in bitcoin.
For me, it is surely NOT any kind of "hit it out of the ballpark" interview in regards to the sad times that we are currently going through with our ongoing negative price pressures on our lil precious..
I lost so much money in the last few months through buying stupid NFT's which are worth almost zero now, having ETH on Celsius which went bankrupt, and now losing the rest of my ETH, SOL on FTX... NEVER AGAIN! This is the day I convert my remaining crypto to Bitcoin!
You're clearly taking the pissLet’s be more concerned about contagion & see what happens. I hope the bottom is in but doubt it tbh, more to come imo.
For sure based on both recent events, and also where the BTC price is right now, the odds would not be very great that our current local bottom of $15,632 from about 2 and 1/4 days ago would be the bottom.
November 11, 2022, 11:06:39 PM
November 11, 2022, 11:01:16 PM
November 11, 2022, 10:30:41 PM
Hey, it would appear that I just turned "Legendary" today. Perhaps the slowest ever to achieve this revered status? (just under 9.5 years).
Bullish
Bullish
I'll be slower than you :p
At one point I wanted to reach legendary, but then I just kind of forgot about it
Now all I want is for BTC to get back on track
Have you been lurking all this time?! Nice to see a familiar hat
I prefer to think of it as "keeping my ear to the ground" but yes
I liked the pacman cap he complimented you on.
I am my own worst critic. I would like to offer an alternative to the Pac caP; I think the trails show up better on this one.
Avatar-sized
I’m a gamer, so seeing this almost gave me hat envy lol
Great work as always xhomerx10
I probably like pacman because I'm not very mature.
I am my own worst critic. I would like to offer an alternative to the Pac caP; I think the trails show up better on this one.
Avatar-sized
I’m a gamer, so seeing this almost gave me hat envy lol
Great work as always xhomerx10
I probably like pacman because I'm not very mature.
Nooice! Made me wonder what prices were that day, looks like around $3,650-$3,700 November 11, 2022, 10:01:19 PM
November 11, 2022, 09:56:19 PM
So ...
Just flow with me here for a sec... What if this whole FTX thing was really a set-up. Powers that be come in... got SB-F hooked on SOMETHING. Have you seen the videos of him vibrating like a diesel engine? Then start making less and less veiled threats 'till they set up the collapse. Have legislation ready in the countries they control to try to bring the whole thing down over a few weeks...
Nah. Just a ponzi prolly.
Just flow with me here for a sec... What if this whole FTX thing was really a set-up. Powers that be come in... got SB-F hooked on SOMETHING. Have you seen the videos of him vibrating like a diesel engine? Then start making less and less veiled threats 'till they set up the collapse. Have legislation ready in the countries they control to try to bring the whole thing down over a few weeks...
Nah. Just a ponzi prolly.
[
]Also this.
https://www.weforum.org/organizations/ftx
All these lenders/exchanges fail one after another. I wouldn't be too surprised, if setting up (some of) these companies just to pull the plug afterwards was an attack of tptb. We are in an era of covert wars so it would fit the zeitgeist.
This ☝
November 11, 2022, 09:27:09 PM
Why did anyone trust that guy in the first place? I mean his name is "Bankman". Didn't THAT give it away?!
I would focus on 'fried'
More seriously, though, if you ever played on exchanges/yield providers, your chances to be intact are pretty low after:
1. MtGox
2. Bitfinex
3. BTC-e
4. Celsius
5. FTX
6. various defi hacks
7. ...
However, I am a bit miffed about the fact that M. Saylor went on huge margin buying all that btc, even though he says that his liquidation price is very low.
He should have bought half.
https://www.youtube.com/watch?v=kdvTkddp1F0
November 11, 2022, 09:26:22 PM
This guy works from home and earns more.
probably living of insurance money since he lost his foot
November 11, 2022, 09:25:31 PM
.....
And afaik, because of the secure element, Ledger is not fully open source. So leaving your funds "on" a Ledger is a bit like trusting an exchange...
But yeah, you do you
And afaik, because of the secure element, Ledger is not fully open source. So leaving your funds "on" a Ledger is a bit like trusting an exchange...
But yeah, you do you
When some employee steals funds off a Ledger wallet because not open source, let me know.
My bank teller knows my account number. So far, I'm still good.
Personally, I'm more concerned about Amazon knowing my cc number.
But yeah you do you too...
Btw...that reminds me, I'm gonna be remixing my late bandmates song "Paranoid Delusions"
Really bad comparison...
The funds in your bank are insured, if there are issues. Ledger company will show you the finger if their hardware fucks up....
...
The Cyprus banks ripped off someone here for hundreds of thousands of euros when they went bankrupt years ago. That's the model the EU intends to use for the whole EU next time the banks go bankrupt. So if there are issues...
You are right.
But if I'm not mistaken we were rather talking about security of ATMs vs HW wallets, not about problems that occur due to fractional reserves or the like
Agreed.
November 11, 2022, 09:21:28 PM
Why did anyone trust that guy in the first place? I mean his name is "Bankman". Didn't THAT give it away?!
I would focus on 'fried'
More seriously, though, if you ever played on exchanges/yield providers, your chances to be intact are pretty low after:
1. MtGox
2. Bitfinex
3. BTC-e
4. Celsius
5. FTX
6. various defi hacks
7. ...
However, I am a bit miffed about the fact that M. Saylor went on huge margin buying all that btc, even though he says that his liquidation price is very low.
He should have bought half.
November 11, 2022, 09:08:40 PM
This guy works from home and earns more.
November 11, 2022, 09:01:16 PM
November 11, 2022, 08:50:34 PM
I lost so much money in the last few months through buying stupid NFT's which are worth almost zero now, having ETH on Celsius which went bankrupt, and now losing the rest of my ETH, SOL on FTX... NEVER AGAIN! This is the day I convert my remaining crypto to Bitcoin!
I like your humor
November 11, 2022, 08:45:46 PM
.....
And afaik, because of the secure element, Ledger is not fully open source. So leaving your funds "on" a Ledger is a bit like trusting an exchange...
But yeah, you do you
And afaik, because of the secure element, Ledger is not fully open source. So leaving your funds "on" a Ledger is a bit like trusting an exchange...
But yeah, you do you
When some employee steals funds off a Ledger wallet because not open source, let me know.
My bank teller knows my account number. So far, I'm still good.
Personally, I'm more concerned about Amazon knowing my cc number.
But yeah you do you too...
Btw...that reminds me, I'm gonna be remixing my late bandmates song "Paranoid Delusions"
Really bad comparison...
The funds in your bank are insured, if there are issues. Ledger company will show you the finger if their hardware fucks up....
...
The Cyprus banks ripped off someone here for hundreds of thousands of euros when they went bankrupt years ago. That's the model the EU intends to use for the whole EU next time the banks go bankrupt. So if there are issues...
You are right.
But if I'm not mistaken we were rather talking about security of ATMs vs HW wallets, not about problems that occur due to fractional reserves or the like
November 11, 2022, 08:40:15 PM
November 11, 2022, 08:35:52 PM
Here's a great podcast by Mr Bankman-Fried on how to prevent the next terra.
https://unchainedpodcast.com/wp-content/uploads/2022/10/UN403-Social.jpg
https://unchainedpodcast.com/wp-content/uploads/2022/10/UN403-Social.jpg
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