Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3353. (Read 26715055 times)
June 22, 2022, 10:04:59 AM
June 22, 2022, 09:59:53 AM
JJG is a veteran while death_wish is a newcomer 
It's JJG himself on his alt....
I admit ImThour’s allegation that “death_wish” is an alt of JayJuanGee.
This one and only violation of my general policy is either my sarcastic way of thanking Jay for his public speculation on my identity, or reverse psychology to fool people into believing that “JayJuanGee” isn’t really my alt. Damn it! ImThour must be a genius to penetrate my disguise.
Feels like you two (ImThour/death_wish) need to hug it out!
June 22, 2022, 09:53:54 AM
Little game
Where the Dude at
First guess first boosted
Exact name of the place
I might be late at the game.
Finns beach club?
www.Finnsbeachclub.con?
Edit: Yes, I am late. Damn!
June 22, 2022, 09:47:34 AM
If this place is not a green candle but a red candle then the market may go down. And if it is green, there is a possibility of going up.
Shit! Really?… that’s as useless as tits in a bull! Ash tray on my motorcycle!.. screen doors in a submarine!
What a waste of space on WO thread!
June 22, 2022, 09:03:29 AM
June 22, 2022, 08:43:58 AM
Did you hack Chartbuddy, slowly deleting his posts, from oldest to most recent? 
Now you're probably asking this, just to try to move yourself out of scope as a suspect?
A clever move...
Now you're probably asking this, just to try to move yourself out of scope as a suspect?
A clever move...
I did delete a bunch of posts a while back because they were linking to nonexistent images. That was a few years ago though. And I occasionally get notices about posts being deleted by mods that I get no explanation for but I haven't seen much of them recently either.
June 22, 2022, 08:41:41 AM
Who keeps deleting WO posts? Things are jumping around—again and again. At this rate, WO’s page-count will soon dip below the Bitcoin price without any recovery in the latter.
I've considered writing a deletion tracker (mostly around the time of the fork). Might have to take another look at that.
June 22, 2022, 08:36:00 AM
Some Zen wisdom:
Sorry, i totally made this up, but it probably has some use for generating a good laugh or two
Have a nice day!
Quote
You don't respect an old vagina for its look or smell,
you respect it for the number of dicks it got filled by.
you respect it for the number of dicks it got filled by.
Sorry, i totally made this up, but it probably has some use for generating a good laugh or two
Have a nice day!
Kind of like the old timex commercials.
"It takes a licking but keeps on ticking. "
LOL
I have to check this out on youtube, if possible.
If this place is not a green candle but a red candle then the market may go down. And if it is green, there is a possibility of going up.
In essence: It can go up, but it might go down.
Brilliant TA
Next one, please
June 22, 2022, 08:01:21 AM
June 22, 2022, 07:43:12 AM
Little game
Where the Dude at
First guess first boosted
Exact name of the place
Finns Beach club (Bali)
(FYI Bali are toying with the idea of doing 5 year Nomad visas
)Nice! Make sure to visit Ubud while you're there, that's a really nice place.
June 22, 2022, 07:10:11 AM
Delete
June 22, 2022, 07:04:59 AM
June 22, 2022, 06:50:46 AM
Celsius is Pirate 2.0
Pirate presaged Celsius Network, which is worse than anything in defi.
There is nothing new under the sun. Some people here categorically reject defi, while they forget what Bitcoin was like in its toddler years. Bitcoinland was befouled with mountains of garbage worse than anything in defi: These early Bitcoin mass-scams were the forerunners of Celsius Network.
Yes, it is ironic that Vitalik wrote the below-quoted article; he knew this world well! Compare the blatant HYIP schemes in defi called “Yield Farming” in the past two years. Then pause to reflect that at least those Yield Farms do not entrust funds to a centralized custodian—unlike the following. “Not your keys...”
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi.
A large proportion of defi, in a nutshell. (Some of the rest of defi has some awesome ideas, such as building no-KYC permissionless exchanges.)
P.S., how was pirate different than a16z, et al. now? The latter are surely much more sophisticated, and “respectable”. I mean: If you peer through the layers of grand-scale financial manipulation, and set aside the implementation details, how are they essentially different?
The main difference seems to be how we interpret the words, to me "scam" or "ponzi" is associated with original intent to take the money and run, not how a failed plan ending in bankruptcy eventually plays out.
I agree about the grand-scale financial manipulation, it's basically the same thing, the key difference is it's being sanctioned by the banking system.
“Scam” denotes fraud: Knowingly making false statements of material fact that mislead people to their detriment. (Legal elements of fraud.) “Ponzi” denotes a scam which uses new investors’ money to pay old investors.
I don’t want to go off into a detailed scrutiny of the facts here. Rather, I will assume for the sake of discussion that your description is fully accurate as to fact.
Still, I don’t buy for even one moment any proposition that Trendon Shavers started with honest intentions. He promised BTC interest rates that are impossible to sustain. His advertising was so outrageous that I am unsympathetic to anyone who lost money with him. The greed and foolishness of the victims does not excuse the scam, but it does to some degree mean that they were “asking for it”.
Defi was the wrong comparison. According to your own description, the Pirate scam was most similar to Celsius Network, which is not even defi.
Promise depositors that they will be paid interest on BTC. Celsius promised rates that seemed superficially at the outside bounds of what could arguably be plausible—maybe. pirateat40 promised wildly impossible rates that should have set off the “SCAM!” senses of any ordinary reasonable person.
Use “arbitrage” as an excuse for promising impossible yields. Arbitrage can be good; I have profitably done it myself, and I plan to do much more of it in the future. However, arbitrage opportunities are limited and competitive. Neither Celsius nor Pirate could plausibly claim to generate the promised returns from arbs with the volumes of money involved.
Take deposits. Use the BTC to trash the BTC market (one way or another), to make it possible to pay interest to depositors—for awhile. How do you like what Celsius has allegedly done to our market for about the past six months?
Ultimately go insolvent, because the scam is unsustainable.
Needless to say, both systems are entirely centralized and custodial. “Not your keys” overtly centralized custodial garbage cannot be called “defi (decentralized finance)”.
The earliest available Wayback snapshot of the “First Pirate Savings and Trust” OP:
I apologize to defi for comparing it to pirateat40. Celsius Network is the proper comparison to pirateat40. The worst shitcoin Ponzis in defi look innocent by comparison.
Pirate presaged Celsius Network, which is worse than anything in defi.
There is nothing new under the sun. Some people here categorically reject defi, while they forget what Bitcoin was like in its toddler years. Bitcoinland was befouled with mountains of garbage worse than anything in defi: These early Bitcoin mass-scams were the forerunners of Celsius Network.
Yes, it is ironic that Vitalik wrote the below-quoted article; he knew this world well! Compare the blatant HYIP schemes in defi called “Yield Farming” in the past two years. Then pause to reflect that at least those Yield Farms do not entrust funds to a centralized custodian—unlike the following. “Not your keys...”
Recently mentioned:
Defi is a wilderness—just like early Bitcoin was a wilderness of scams, Ponzis, and children’s games, but with added VC corruption. Early Bitcoin was an obscene shitshow from pirateat40 to Gox, to name only a few of the most notorious early-Bitcoinland embarrassments that remind me of defi today. If you venture out into defi today, put on your waders and prepare to get knee-deep in bull-excrement.
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi.
A large proportion of defi, in a nutshell. (Some of the rest of defi has some awesome ideas, such as building no-KYC permissionless exchanges.)
P.S., how was pirate different than a16z, et al. now? The latter are surely much more sophisticated, and “respectable”. I mean: If you peer through the layers of grand-scale financial manipulation, and set aside the implementation details, how are they essentially different?
The main difference seems to be how we interpret the words, to me "scam" or "ponzi" is associated with original intent to take the money and run, not how a failed plan ending in bankruptcy eventually plays out.
I agree about the grand-scale financial manipulation, it's basically the same thing, the key difference is it's being sanctioned by the banking system.
“Scam” denotes fraud: Knowingly making false statements of material fact that mislead people to their detriment. (Legal elements of fraud.) “Ponzi” denotes a scam which uses new investors’ money to pay old investors.
I don’t want to go off into a detailed scrutiny of the facts here. Rather, I will assume for the sake of discussion that your description is fully accurate as to fact.
Still, I don’t buy for even one moment any proposition that Trendon Shavers started with honest intentions. He promised BTC interest rates that are impossible to sustain. His advertising was so outrageous that I am unsympathetic to anyone who lost money with him. The greed and foolishness of the victims does not excuse the scam, but it does to some degree mean that they were “asking for it”.
Defi was the wrong comparison. According to your own description, the Pirate scam was most similar to Celsius Network, which is not even defi.
Promise depositors that they will be paid interest on BTC. Celsius promised rates that seemed superficially at the outside bounds of what could arguably be plausible—maybe. pirateat40 promised wildly impossible rates that should have set off the “SCAM!” senses of any ordinary reasonable person.
Use “arbitrage” as an excuse for promising impossible yields. Arbitrage can be good; I have profitably done it myself, and I plan to do much more of it in the future. However, arbitrage opportunities are limited and competitive. Neither Celsius nor Pirate could plausibly claim to generate the promised returns from arbs with the volumes of money involved.
Take deposits. Use the BTC to trash the BTC market (one way or another), to make it possible to pay interest to depositors—for awhile. How do you like what Celsius has allegedly done to our market for about the past six months?
Ultimately go insolvent, because the scam is unsustainable.
Needless to say, both systems are entirely centralized and custodial. “Not your keys” overtly centralized custodial garbage cannot be called “defi (decentralized finance)”.
The earliest available Wayback snapshot of the “First Pirate Savings and Trust” OP:
Smells like a classical HYIP scam.
I apologize to defi for comparing it to pirateat40. Celsius Network is the proper comparison to pirateat40. The worst shitcoin Ponzis in defi look innocent by comparison.
Tell me Honestly Who Made it Reading Complete this Topic.
++++++++
Honestly Only thing related to me was Last Lines 😃
That was all we were talking about
June 22, 2022, 06:29:14 AM
Celsius is Pirate 2.0
Pirate presaged Celsius Network, which is worse than anything in defi.
There is nothing new under the sun. Some people here categorically reject defi, while they forget what Bitcoin was like in its toddler years. Bitcoinland was befouled with mountains of garbage worse than anything in defi: These early Bitcoin mass-scams were the forerunners of Celsius Network.
Yes, it is ironic that Vitalik wrote the below-quoted article; he knew this world well! Compare the blatant HYIP schemes in defi called “Yield Farming” in the past two years. Then pause to reflect that at least those Yield Farms do not entrust funds to a centralized custodian—unlike the following. “Not your keys...”
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi.
A large proportion of defi, in a nutshell. (Some of the rest of defi has some awesome ideas, such as building no-KYC permissionless exchanges.)
P.S., how was pirate different than a16z, et al. now? The latter are surely much more sophisticated, and “respectable”. I mean: If you peer through the layers of grand-scale financial manipulation, and set aside the implementation details, how are they essentially different?
The main difference seems to be how we interpret the words, to me "scam" or "ponzi" is associated with original intent to take the money and run, not how a failed plan ending in bankruptcy eventually plays out.
I agree about the grand-scale financial manipulation, it's basically the same thing, the key difference is it's being sanctioned by the banking system.
“Scam” denotes fraud: Knowingly making false statements of material fact that mislead people to their detriment. (Legal elements of fraud.) “Ponzi” denotes a scam which uses new investors’ money to pay old investors.
I don’t want to go off into a detailed scrutiny of the facts here. Rather, I will assume for the sake of discussion that your description is fully accurate as to fact.
Still, I don’t buy for even one moment any proposition that Trendon Shavers started with honest intentions. He promised BTC interest rates that are impossible to sustain. His advertising was so outrageous that I am unsympathetic to anyone who lost money with him. The greed and foolishness of the victims does not excuse the scam, but it does to some degree mean that they were “asking for it”.
Defi was the wrong comparison. According to your own description, the Pirate scam was most similar to Celsius Network, which is not even defi.
Promise depositors that they will be paid interest on BTC. Celsius promised rates that seemed superficially at the outside bounds of what could arguably be plausible—maybe. pirateat40 promised wildly impossible rates that should have set off the “SCAM!” senses of any ordinary reasonable person.
Use “arbitrage” as an excuse for promising impossible yields. Arbitrage can be good; I have profitably done it myself, and I plan to do much more of it in the future. However, arbitrage opportunities are limited and competitive. Neither Celsius nor Pirate could plausibly claim to generate the promised returns from arbs with the volumes of money involved.
Take deposits. Use the BTC to trash the BTC market (one way or another), to make it possible to pay interest to depositors—for awhile. How do you like what Celsius has allegedly done to our market for about the past six months?
Ultimately go insolvent, because the scam is unsustainable.
Needless to say, both systems are entirely centralized and custodial. “Not your keys” overtly centralized custodial garbage cannot be called “defi (decentralized finance)”.
The earliest available Wayback snapshot of the “First Pirate Savings and Trust” OP:
I apologize to defi for comparing it to pirateat40. Celsius Network is the proper comparison to pirateat40. The worst shitcoin Ponzis in defi look innocent by comparison.
Pirate presaged Celsius Network, which is worse than anything in defi.
There is nothing new under the sun. Some people here categorically reject defi, while they forget what Bitcoin was like in its toddler years. Bitcoinland was befouled with mountains of garbage worse than anything in defi: These early Bitcoin mass-scams were the forerunners of Celsius Network.
Yes, it is ironic that Vitalik wrote the below-quoted article; he knew this world well! Compare the blatant HYIP schemes in defi called “Yield Farming” in the past two years. Then pause to reflect that at least those Yield Farms do not entrust funds to a centralized custodian—unlike the following. “Not your keys...”
Recently mentioned:
Defi is a wilderness—just like early Bitcoin was a wilderness of scams, Ponzis, and children’s games, but with added VC corruption. Early Bitcoin was an obscene shitshow from pirateat40 to Gox, to name only a few of the most notorious early-Bitcoinland embarrassments that remind me of defi today. If you venture out into defi today, put on your waders and prepare to get knee-deep in bull-excrement.
I disagree, at least regarding Pirate@40, it was market manipulation which worked (for a while); pool a lot of BTC to one guy who makes whale splashes at the biggest exchange, at the expense of everyone else trading. When he went insolvent due to taking on more than he could chew (in profit payouts) his former backers cried ponzi.
A large proportion of defi, in a nutshell. (Some of the rest of defi has some awesome ideas, such as building no-KYC permissionless exchanges.)
P.S., how was pirate different than a16z, et al. now? The latter are surely much more sophisticated, and “respectable”. I mean: If you peer through the layers of grand-scale financial manipulation, and set aside the implementation details, how are they essentially different?
The main difference seems to be how we interpret the words, to me "scam" or "ponzi" is associated with original intent to take the money and run, not how a failed plan ending in bankruptcy eventually plays out.
I agree about the grand-scale financial manipulation, it's basically the same thing, the key difference is it's being sanctioned by the banking system.
“Scam” denotes fraud: Knowingly making false statements of material fact that mislead people to their detriment. (Legal elements of fraud.) “Ponzi” denotes a scam which uses new investors’ money to pay old investors.
I don’t want to go off into a detailed scrutiny of the facts here. Rather, I will assume for the sake of discussion that your description is fully accurate as to fact.
Still, I don’t buy for even one moment any proposition that Trendon Shavers started with honest intentions. He promised BTC interest rates that are impossible to sustain. His advertising was so outrageous that I am unsympathetic to anyone who lost money with him. The greed and foolishness of the victims does not excuse the scam, but it does to some degree mean that they were “asking for it”.
Defi was the wrong comparison. According to your own description, the Pirate scam was most similar to Celsius Network, which is not even defi.
Promise depositors that they will be paid interest on BTC. Celsius promised rates that seemed superficially at the outside bounds of what could arguably be plausible—maybe. pirateat40 promised wildly impossible rates that should have set off the “SCAM!” senses of any ordinary reasonable person.
Use “arbitrage” as an excuse for promising impossible yields. Arbitrage can be good; I have profitably done it myself, and I plan to do much more of it in the future. However, arbitrage opportunities are limited and competitive. Neither Celsius nor Pirate could plausibly claim to generate the promised returns from arbs with the volumes of money involved.
Take deposits. Use the BTC to trash the BTC market (one way or another), to make it possible to pay interest to depositors—for awhile. How do you like what Celsius has allegedly done to our market for about the past six months?
Ultimately go insolvent, because the scam is unsustainable.
Needless to say, both systems are entirely centralized and custodial. “Not your keys” overtly centralized custodial garbage cannot be called “defi (decentralized finance)”.
The earliest available Wayback snapshot of the “First Pirate Savings and Trust” OP:
Smells like a classical HYIP scam.
I apologize to defi for comparing it to pirateat40. Celsius Network is the proper comparison to pirateat40. The worst shitcoin Ponzis in defi look innocent by comparison.
June 22, 2022, 06:04:54 AM
June 22, 2022, 06:03:38 AM
Some Zen wisdom:
Sorry, i totally made this up, but it probably has some use for generating a good laugh or two
Have a nice day!
Quote
You don't respect an old vagina for its look or smell,
you respect it for the number of dicks it got filled by.
you respect it for the number of dicks it got filled by.
Sorry, i totally made this up, but it probably has some use for generating a good laugh or two
Have a nice day!
Kind of like the old timex commercials.
"It takes a licking but keeps on ticking. "
June 22, 2022, 05:49:55 AM
Little game
Where the Dude at
First guess first boosted
Exact name of the place
Finns Beach club (Bali)
(FYI Bali are toying with the idea of doing 5 year Nomad visas
) 
June 22, 2022, 05:16:14 AM
Let's be fair to mindrust though. He sold in panic and disappointment at the price he had bought. Although he was not overexposed as he claimed - 2 to 1 in favor of fiat is anything but overexposed. Many of us are 100% in favor of bitcoin in terms of savings. I personally had exhausted the credit card limits and had taken a loan from the bank with which I had bought the day before at 7K. If I wasn't afraid of covid, I swear, I would go the next day and take out a 5x bigger loan and buy bitcoins for 4K. Whatever.
But in the last year we have seen something even more unfortunate, not to say ridiculous. We see an influx of institutions, thousands of them, who have invested in bitcoin and even more companies and retail behind them. However, over 90% of them have no knowledge, no beliefs, no intention to hold for at least 4 years. Some of them were quite influenced by the tweets of elon musk, which shows what their intellectual level was. That is why these crashes last year and this year turned out to be so big. All these companies and retail lost over 50% of their money. And this can be easily checked on the glassnode website. What I noticed, for example, I see today that many others have noticed on Twitter. From the Canadian purpose ETF were withdrawn 24K bitcoins at the end of Friday (50% of the bitcoins). It is almost certain that this is a company that has found a way to sell them on the exchange the next day. Something that caused the big crash.
So, several large companies have practically gone bankrupt, and others are moving in that direction. Probably over 90% of the companies. There, in addition to the fact that customers want an annual interest rate, contracts are often made, in case the price falls to a certain level, the asset to be sold immediately. This is de facto a long position with a margin call. Michael Sailor did something similar, but there the calculations are better and even at 3K he is not in danger of liquidation. Not to mention the companies that use bitcoins as collateral for their collapsed shitcoins.
What follows from now on? This process of exodus of the institutions and the weak hands will probably continue for another 2-3 years at least. But even afther that, we clearly cannot rely on them for sustainable price growth. In addition, until the very end of 2020, despite the withdrawal of 650K bitcoins from Greyscale from the market, the price could not pass 10K due to the ugly Bart manipulations on 20x+ derivatives exchanges such as Bitmex. The paypal sensation had to appear before the bull market could start. Assuming that the ETF will be given to Greyscale within 3 years, this means that these bitcoins will return to the exchanges. And if there is no sensational news like PayPal, there may not even be a significant bullish market despite the halving.
So, let's hope that the ETF will not be given and the institutions will not inflate the price and then bring it down. What is sure to happen is that the convinced hodlers will continue to increase their stash and will not sell on a loss.
But in the last year we have seen something even more unfortunate, not to say ridiculous. We see an influx of institutions, thousands of them, who have invested in bitcoin and even more companies and retail behind them. However, over 90% of them have no knowledge, no beliefs, no intention to hold for at least 4 years. Some of them were quite influenced by the tweets of elon musk, which shows what their intellectual level was. That is why these crashes last year and this year turned out to be so big. All these companies and retail lost over 50% of their money. And this can be easily checked on the glassnode website. What I noticed, for example, I see today that many others have noticed on Twitter. From the Canadian purpose ETF were withdrawn 24K bitcoins at the end of Friday (50% of the bitcoins). It is almost certain that this is a company that has found a way to sell them on the exchange the next day. Something that caused the big crash.
So, several large companies have practically gone bankrupt, and others are moving in that direction. Probably over 90% of the companies. There, in addition to the fact that customers want an annual interest rate, contracts are often made, in case the price falls to a certain level, the asset to be sold immediately. This is de facto a long position with a margin call. Michael Sailor did something similar, but there the calculations are better and even at 3K he is not in danger of liquidation. Not to mention the companies that use bitcoins as collateral for their collapsed shitcoins.
What follows from now on? This process of exodus of the institutions and the weak hands will probably continue for another 2-3 years at least. But even afther that, we clearly cannot rely on them for sustainable price growth. In addition, until the very end of 2020, despite the withdrawal of 650K bitcoins from Greyscale from the market, the price could not pass 10K due to the ugly Bart manipulations on 20x+ derivatives exchanges such as Bitmex. The paypal sensation had to appear before the bull market could start. Assuming that the ETF will be given to Greyscale within 3 years, this means that these bitcoins will return to the exchanges. And if there is no sensational news like PayPal, there may not even be a significant bullish market despite the halving.
So, let's hope that the ETF will not be given and the institutions will not inflate the price and then bring it down. What is sure to happen is that the convinced hodlers will continue to increase their stash and will not sell on a loss.
June 22, 2022, 05:01:20 AM
June 22, 2022, 04:59:01 AM
I don't like my TA now, honestly.
Seems like in times of high fear/uncertainty short term support and resistance levels are closely together and if there's no major breakout to the upside for the time of two weeks or more, a bigger drop is on the menu. Looks like traders trying to suck out small amounts of fiat gains on the back of accumulating hodlers. Good for the hodlers, though.
At some point market confidence has to reverse, to build big green, institutional dildos and keep shorters from klicking the red buttons to get away with some fiat ahead of the next dip.
First, this thought was SOMA, but it seems to match price action pretty well, in retrospection.
Little game
Where the Dude at
First guess first boosted
Exact name of the place
Fugg, i gotta leave
Since most fully dressed people on the pic are asian, i guess it's some place in Asia.
Looks like a job for Fillippone or the WO hatter...
Good luck!
Thanks for all the WAI-games, Dude
Seems like in times of high fear/uncertainty short term support and resistance levels are closely together and if there's no major breakout to the upside for the time of two weeks or more, a bigger drop is on the menu. Looks like traders trying to suck out small amounts of fiat gains on the back of accumulating hodlers. Good for the hodlers, though.
At some point market confidence has to reverse, to build big green, institutional dildos and keep shorters from klicking the red buttons to get away with some fiat ahead of the next dip.
First, this thought was SOMA, but it seems to match price action pretty well, in retrospection.
Little game
Where the Dude at
First guess first boosted
Exact name of the place
Fugg, i gotta leave
Since most fully dressed people on the pic are asian, i guess it's some place in Asia.
Looks like a job for Fillippone or the WO hatter...
Good luck!
Thanks for all the WAI-games, Dude
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