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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3541. (Read 26710210 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Quote
Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump.


Couldn't happen to a better pack of cocksuckers. Smiley


We are likely not to be so lucky to get rid of such a character/firm.

According to the below linked article, the firm's founder, Gabriel Plotkin, is offering clients to "reinvest" in a new fund...

Quote
CNBC reported earlier this month Plotkin had discussed a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that money in what would essentially be a new fund run by Plotkin.

https://www.cnbc.com/2022/05/18/melvin-capital-says-it-plans-to-unwind-funds.html
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Now you (ImThour) are categorizing bitcoin as a shitcoin?

JJG, You got him wrong maybe. He was trying to poke me/criticize me because I said There are no stable coins that exist. I also said don't expect too much from Bitcoin. (Maybe he meant to expect from shitcoins then). I don't hodl shitcoins, but I have some BUSD for daily needs transactions.

Well, this is not the first time I've seen high-ranked members try to criticize newbies. I don't mind it. Surprisingly you caught him 🙃

Of course, any of us run a risk here if we are going too far down the stablecoin rabbit hole in terms of our discussion, yet I understand that there can be quite a bit of variability in terms of what kind of options that might be available to people in different geographical locations.. .and surely in this thread, historically we have been attempting to provide some focus on the BTC/USD pair - even though for sure there are members who trade or even get into or out of bitcoin through other fiat currencies.

At the same time, sometimes some of the members might not pay a whole hell of a lot of attention regarding which dollar-pegged coin that they might be trading in or out of because whatever exchange that they are using might not have very many (if any) options in terms of which dollar pegged coin they are using...

At the same time, the happenings of the past week or two with the UST (the terra coin) has highlighted that some stable coins may well be less stable than they had been marketing themselves to be... so yeah, many guys could have inadvertently gotten themselves in a BIG ASS pickle.. and also over the years, there have been regular members in this thread who have been asserting that the pumping forever dynamics of HODLing pure bitcoin is not enough for them, and there are so many other projects out there that will offer "yield" on your bitcoin.. and so many of the yield chasers got royally fucked in the past week or two.

Perhaps some were able to get out, or they were in a yielding stable coin project that so far has not ended up blowing up (going to zero or whatever).

I think that many of us have already been skeptical of various kinds of stable coins, but there does seem to be some differences in terms of if they are actually backed by collateral, and surely there have been governments who had been considering that some of their CBDCs might be modeled upon (or pegged to) various kinds of stable coins, so there may well be some revisiting of how to consider those kinds of CBDC projects - which are not likely to go away any time soon and cause potentially further confusion for many of us trying to figure out how our own interactions with bitcoin might end up overlapping into some of those kinds of projects - if it could end up being that we can ONLY get our value in or out of certain exchanges through stable coins or through CBDCs.. and yeah, maybe some of these various threats to privacy and confusion regarding actual stability, might lead more folks to either transacting directly with their bitcoin and/or seeking out like minded folks who want to transact directly with bitcoin - even potentially through second or third layer solutions rather than on the base chain.. even though in recent times, bitcoin's base chain has retained mostly decently reasonable processing times and rates, too.

I ...... was laughed at and attacked by tptb at the time.



Wow!!!!!!   Shocked Shocked



What's it like getting attacked by tbtb?



I have never heard about any specific stories of an actual real peep actually getting attacked by tbtb.



From your tone, I imagine that such attack was not pleasant.



How long did such attack last?




How did such attack manifest itself?








Are tbtb in the room with us now?


Now you (ImThour) are categorizing bitcoin as a shitcoin?

Bro you getting old or blind, need a spectacles to read shit.
I called him out for calling Bitcoin a bad investment.

oh gawd


 Roll Eyes Roll Eyes Roll Eyes
legendary
Activity: 3808
Merit: 7912
(Psst. Everybody, I heard cAPSLOCK is gunna be having a really rough morning due to hangover. Should type to the bro in all caps today to help with the hangover. Make things really easy for 'im to read. Ya dig?)

It should have been a LOT worse...  But yeah.  I got stuck in quite the "OK just one more little cup" loop pretty hard.

And I ended up proposing to Bob...  hopefully he was touched.

 Oh, he's touched alright...
You can't hang out in here that long and not be a little touched.  Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Quote
Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump.


Couldn't happen to a better pack of cocksuckers. Smiley
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
copper member
Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
Now you (ImThour) are categorizing bitcoin as a shitcoin?

Bro you getting old or blind, need a spectacles to read shit.
I called him out for calling Bitcoin a bad investment.
legendary
Activity: 3990
Merit: 4597

By the way, where is the "stable" in this coin? What a clusterfuck  Shocked

Stablecoin algorithms seems like an implementation of the Martingale strategy but with any of the potential of winning removed.
This is exactly what it was.  To a t.  

But people are not learning the right lessons.  Novogratz still trying to defend the damn idea.  It is rare when I am glad for someone to lose tons of money.  I hope he did.

sorry, the guy took  $355 mil profit in it during winter, so maybe he lost $350 mil recently on it (as per report of galaxy Digital losses), but big cap gains were already taken (so all that loss is basically a book entry).
legendary
Activity: 3990
Merit: 4597
OT: A strange turn of fate:

Guardian reports that Putin's youngest "official" daughter was traveling to Munich, Germany all the time because she was dating a guy who directed a ballet company there.
His last name...wait for it...is Zelensky  Shocked
Of course, another one, but, still, what a coincidence.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

By the way, where is the "stable" in this coin? What a clusterfuck  Shocked

Stablecoin algorithms seems like an implementation of the Martingale strategy but with any of the potential of winning removed.
This is exactly what it was.  To a t.  

But people are not learning the right lessons.  Novogratz still trying to defend the damn idea.  It is rare when I am glad for someone to lose tons of money.  I hope he did.

Quote
The founder of Galaxy Digital Holdings Ltd. and big backer of Terraform Labs, the company behind Terra and Luna, had gone silent for a week. Novogratz spent the time reflecting on the economy and his firm’s role in the crypto industry, he said in a statement on Wednesday. Novogratz, a former hedge fund trader, blamed the challenging global macro backdrop, and said the coin’s collapse dented confidence in the cryptocurrency and decentralized finance space.

What a steaming load.  Evidently you can be super successful in finance without having a brain.  How can you "invest in the company behind Luna" and then call the project decentralized.  Those two things are contradictory.  There is no company behind something decentralized.

Luna and UST were a algorithmic Ponzi that blew up spectacularly, as we have been saying was obvious from the beginning.  I have to admit, I hope whomever was behind this attack has act two planned out for the very near future.

It might dent confidence in legitimate projects like Bitcoin because there are imbeciles like Novogratz who have no idea what "decentralized" means.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
(Psst. Everybody, I heard cAPSLOCK is gunna be having a really rough morning due to hangover. Should type to the bro in all caps today to help with the hangover. Make things really easy for 'im to read. Ya dig?)

It should have been a LOT worse...  But yeah.  I got stuck in quite the "OK just one more little cup" loop pretty hard.

And I ended up proposing to Bob...  hopefully he was touched.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

By the way, where is the "stable" in this coin? What a clusterfuck  Shocked

Stablecoin algorithms seems like an implementation of the Martingale strategy but with any of the potential of winning removed.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
OT:

At 75 you confuse Iraq with Ukraine… God help Baiden he’s 79

https://twitter.com/bitcoin/status/1527310086640611328?s=21

 There's no confusion there!  That's a textbook Freudian slip; he knows that the invasion of Iraq by the US was also unjustified.  

That is why he chuckled at his slip up.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 280
Merit: 259
https://bitcoincleanup.com #EndTheFUD
Just In-

Swiss luxury watchmaker TAG Heuer is now accepting online bitcoin payments in a partnership with BitPay.

Source: https://bitcoinmagazine.com/business/tag-heuer-now-accepts-online-bitcoin-as-payment

Every positive thing matters. Step by step, the whole world map will be orange  BTC in color.
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