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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2795. (Read 26715624 times)

legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
got me some at 16942.

next one
164xx

then
159xx

lets go BTC!

my cash position was terrible JJG was it not? Wink

hero member
Activity: 938
Merit: 1891
bitcoin retard
prepped and ready for 16k then 15k all the down to 9k

Not Vegeta again... pls...
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
prepped and ready for 16k then 15k all the down to 9k
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 281
Merit: 230
I got so many paper cuts  on my hands, catching all the paper hands this week.

Here’s to brighter future, remember remember the 9th of November Cool
legendary
Activity: 3620
Merit: 4813
That didn't aged well, isn't it?

hero member
Activity: 980
Merit: 947

Facebook's public facing accounting only lets you see what they want you to see.

Behind the curtain is another story entirely.

All the major corporations are doing it the same way.

Their books look clean and in great shape until the day they don't anymore.

If you had $40B in cash and truly near zero debt, then why would you have to lay off 13% of your company? 11,000 salaried human beings is not a pittance.
The most terrible thing here is, that such a huge number of people were left without work. Zuckerberg admitted his fault for this, but all he really cares about is the reduction in advertising and the decrease income, and I think that all these people will not be relieved by this recognition. He promised that these people would be helped, but damn it's 11,000 people, will all the promises be fulfilled? I'm not sure.


fuck you greedy cunts....too little too late...kill the goose for the golden egg


https://www.coindesk.com/business/2022/11/09/crypto-exchanges-scramble-to-compile-proof-of-reserves-as-ftx-contagion-grips-markets/



i dislike humans today
When hard times come, everyone tries to cover their ass, it's in human nature.

Now everything looks like a house of cards, which stands on the windowsill near the open window.
legendary
Activity: 2282
Merit: 2057
A Bitcoiner chooses. A slave obeys.
Oops:



Edit:
Not difficult to forse this:

  • No way US would allow CZ to step into the US market
  • No way market regulators could allow a 80% market share entity. Whatever a market regulator is in Bitcoin space.

Oh boy! Cheaper Bitcoins! Please and thank you!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Oops:


Was just about to post this. Prepare for more pain.

Muahahaha!!!



Yes, *sigh*...  I have thought from the beginning the CZ move might have had at LEAST a small bit of 'controlled demolition' angle to it so he can start unwinding without the full force of the crash...  who knows?
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

fuck you greedy cunts....too little too late...kill the goose for the golden egg


https://www.coindesk.com/business/2022/11/09/crypto-exchanges-scramble-to-compile-proof-of-reserves-as-ftx-contagion-grips-markets/



i dislike humans today

I think the thing that really got me about this one is how SBF was heralded as some sort of "crypto-savant" when all he was doing was the same thing that people like him have done again and again.  Whether by force of ignorance (Gox) or deception (BitConnect, Celcius and probably FTX), it should not be necessary for the lesson to be repeated over and over.  And government regulation is not the answer as it just legalizes and sort of contains the exact abuse we see causing these meltdowns.

The market IS self regulating, and proof of reserves is a good idea, but will only be as good as how it is executed.  I would beware of companies that try to impliment it in some sort of snapshot format like "Our Quarterly Proof of Reserves" as opposed to a live monitor.

AND in the end none of these businesses are really our friends in Bitcoin.  Centralized exchanges are weak links in the chain, and honeypots.

People have recognized this from the very beginning 12+ years ago, and it seems more and more learn the lesson after each of of these events.  

There is a saying about the frequent birth of fools as a limitless supply oft attributed, perhaps incorrectly, to PT Barnum.  

It is what it is, I guess.
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
Oops:


Was just about to post this. Prepare for more pain.

Muahahaha!!!

legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Oops:



Edit:
Not difficult to forse this:

  • No way US would allow CZ to step into the US market
  • No way market regulators could allow a 80% market share entity. Whatever a market regulator is in Bitcoin space.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!


I'm pretty sure it has roots on the part that touches the ground. So I guess.... $13-14K??    Roll Eyes   Roll Eyes
member
Activity: 112
Merit: 121
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1834
Merit: 4197
hero member
Activity: 758
Merit: 1844
I agree 11,000 is not a pittance, but considering you got another 76,000 employees with a job is also something that should not be discounted...

I'll just say one more thing about the FB employee base, and leave it alone.

As of the last earnings, Meta had over 87,000 employees (and has never seen a quarterly decline in headcount in its 18-year history).

So nothing bizarre about a company laying off 13%, something they never done since nearly two decade inception, coinciding with it being the only year the Fed took borrowing rates from 0% to 5%?

Yeah, ok.

Sorry i think we got side tracked, my original post was to the address the comments...

"none of these social media companies were actually making money."

I work with a lot business who advertise directly via facebook and they spend a fair amount... for them ROI is better on facebook than google...

anyhow, happy to leave it alone.
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