Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3708.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: cAPSLOCK on May 11, 2022, 01:48:08 PM

Bitcoin? Dips under 30k for a while...

Unfortunately Bitcoin carries all those shit stains on it. Luna, Bitconnect, Bitcoin Savings and Trust, and countless other scams come and go, but in the eyes of the public there is one common denominator - Bitcoin. Even if the scam, like most DeFi/NFT shit, has fuck all to do with Bitcoin.

So in the short term, yes, 30k. In the long term Joe Shmoe will be wary of Bitcoin (ironically still lose money in some "crypto" scam probably anyway, because it's "better than Bitcoin") and governments will be attempting to regulate it for our own safety and my retirement will keep getting pushed away.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: proudhon on May 11, 2022, 01:33:12 PM

Here you go Joker! For the artistic value of your content ... My last merit... Roll Eyes

I shall name your painting : "The Primefahiar Lamma"

*edit(): For noobs "primefahiar" is the storm and aurora polaris occurring at any latitude of Earth from a nuclear firestorm that never left the higher atmosphere of Earth for hundreds of years after a global nuclear WW3 showdown launched by an AI against the human race. Roll Eyes

(The Tv show name : The 100 )

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: proudhon on May 11, 2022, 01:33:12 PM

Why not switch to one of your bullish avatars as you are so bullish?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Biodom

legendary

Activity: 4004

Merit: 4656

Quote from: cAPSLOCK on May 11, 2022, 01:48:08 PM

(like it's ever off lol)

-We are arguably in the first throes of a worldwide financial system meltdown.
-UDT, a stablecoin, has been destroyed
-Luna, the underlying chain has been absolutely rugpulled
-The centralized team behind it sold 80k BTC to try to prop up their project.

Bitcoin? Dips under 30k for a while...

Now I will go back to crying in my gatorade...

worldwide? so far mostly crypto, the rest is still respectable -20% with some prior 'hot stocks' -50-75%.
However, you might be proven right....eventually.

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

(like it's ever off lol)

-We are arguably in the first throes of a worldwide financial system meltdown.
-UDT, a stablecoin, has been destroyed
-Luna, the underlying chain has been absolutely rugpulled
-The centralized team behind it sold 80k BTC to try to prop up their project.

Bitcoin? Dips under 30k for a while...

Now I will go back to crying in my gatorade...

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Hueristic on May 11, 2022, 12:55:56 PM

Yes.. that seems to be an accurate statement of the law...

But, since you did not provide a link, I will assume that such statement did not really happen..

Tongue

shahzadafzal

copper member

Activity: 1526

Merit: 2890

Thats how shitcoins present themselves.

That’s how they solve so called “real-world” problems.

Remember “holes” mean the shit-holes they all are leading to.

proudhon

legendary

Activity: 2198

Merit: 1311

Biodom

legendary

Activity: 4004

Merit: 4656

Quote from: OgNasty on May 11, 2022, 01:23:36 PM

Quote from: Hueristic on May 11, 2022, 12:55:56 PM

Definitely writing on the wall as Coinbase makes it perfectly clear that they intend to be the next mtgox in the event that something goes wrong. This is actually terrifying, as I have some ETH2 locked up earning interest that has been in there a long time. I don't believe they ever allowed trading of it, so to find out now that I'm an unsecured creditor is a bit unsettling. I've removed all of my BTC from Coinbase (I never held much there, but did keep some there for trading or hedging trades purposes). I wonder if other exchanges have similar wording in the fine print somewhere. Definitely concerning for anyone who touches exchanges with their crypto.

I withdrew today almost everything (99-99.5%) from Coinbase too...just to be sure.
Kept a little because of the crazy fees for some tokens.
@OP: That's why i never put eth into eth2.

Price moves in crypto space as a whole suggests that multiple parties are insolvent.
Coinbase-who knows, but it's stock made a move that is similar to Lehman or Bear Stearns.
From $360 to $50 in 6mo, including fom $116 to 50 in a few days.
Bear did something similar, then went from $30 to $1.
I REALLY REALLY wish Coinbase would recover, though.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Hueristic on May 11, 2022, 12:55:56 PM

Definitely writing on the wall as Coinbase makes it perfectly clear that they intend to be the next mtgox in the event that something goes wrong. This is actually terrifying, as I have some ETH2 locked up earning interest that has been in there a long time. I don't believe they ever allowed trading of it, so to find out now that I'm an unsecured creditor is a bit unsettling. I've removed all of my BTC from Coinbase (I never held much there, but did keep some there for trading or hedging trades purposes). I wonder if other exchanges have similar wording in the fine print somewhere. Definitely concerning for anyone who touches exchanges with their crypto.

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

I know we are the choir here.

But UST based on Terra Luna was underpinned using DPoS.

I have neither done the analysis, nor have I seen any complete on this wreckage yet, but I am curious how much of what has happened can be laid at the feet of PoS. I suspect at least a portion of it.

This may be the future for ETH if they take this route. Imagine the black hole that would create when it collapses.

This is truly horrifying. The "toxic maxis" ought to be memeing this as the result of PoS no matter what, actually...

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: naim027 on May 11, 2022, 01:00:52 PM

A Guys From my Country Committed suicide. I cannot confirm the legitimacy of this. But the handwriting style looks like sarcasm. I wouldn't be surprised if it's real too.

[/url]

There will always be retards holding money in higher regards then their life. Cool

OROBTC

legendary

Activity: 2996

Merit: 1903

...

HUGE volume of BTC transactions, most with fees in the 12 - 15 sats/vB range (though if I needed something sent today I would pay 20+). All of this started at 12:50 PM ET today. ~117 blocks JUST to clear what's already stacked up on the blockchain. Very unusual, I haven't seen anything like this recently.

See:

mempool.space

bitbo.io

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

naim027

sr. member

Activity: 476

Merit: 523

A Guys From my Country Committed suicide. I cannot confirm the legitimacy of this. But the handwriting style looks like sarcasm. I wouldn't be surprised if it's real too.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: OgNasty on May 11, 2022, 03:01:10 AM

Quote from: naim027 on May 11, 2022, 02:55:53 AM

Quote from: ivomm on May 11, 2022, 02:42:30 AM

Terra USD is going down to zero. Currently 0.35$ for 1UST. What a joke. So much for bitcoin pegged usd. Grin

LUNA Will be zero before UST

That seems to be the reasonable expectation given what I'm hearing. The rumor that I read was that they would be giving a 50% discount in LUNA for those willing to put up money to buy back UST, but with LUNA already dumping well beyond that, you have to wonder if UST can be saved. The goal of the LUNA dumping being to restore UST to $1. It being at $0.30 right now seems like it may be an opportunity. The BTC that was sold was only sold at a 33% loss. I'm not sure exactly what sort of funding was used to purchase it, but I'd imagine that $0.30 is a result of panic and that the fair value should still be higher. LUNA on the other hand will likely be dumped and dumped as long as there are people willing to buy.

I guess I should've picked up some UST before bed last night. At $0.30 it was a hell of a double opportunity in a few hours. As LUNA continues to be dumped to anyone who will take it in order to try and save UST, it appears they've also dumped a great deal of alts as the market is slaughtered today. Probably a good opportunity to grab shitcoins as a result. I wouldn't touch LUNA, but I still think UST is likely to be closer to it's peg before this is all over. So glad I didn't listen to people and buy LUNA when everyone was saying how smart Do Kwon was... It's never smart to telegraph your major buys and then go through with it as the price skyrockets as a result. Play dumb games, win dumb prizes...

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

Quote from: naim027 on May 11, 2022, 12:15:04 PM

Quote from: cAPSLOCK on May 11, 2022, 11:40:11 AM

And SERIOUSLY. For the LUNA bagholders... Help is just a call away. Whatever you are thinking is probably not worth it.

Seriously... O.M.G.

Not only Luna & UST was attacked. According to CoinmarketCap's Stable coin list, At least Three Freaking Stable Coin was attacked. Neutrino USD, USDX and UST. Just Because Luna and its UST are more popular, that's why people are only talking about it. I wouldn't be surprised if UST loses its 100% Value in the coming days because it has happened before. Have you ever heard of USDP Stablecoin? It was a Shitcoin-backed So called Stablecoin which one already lost its 100% Value. Of course, Terra-Luna is a bit different. Let's see how it impacts the overall market.

Lucky for me, I have exactly zero interest in them, and hold the same amount - zero. I have bought some USDT on Liquid just to see what it feels like and ended up making a profit getting back into BTC entirely by accident.

I have always been dubious about Blockstream's (read Adam Back's) USDT romance, and have also been very doubtful about the real use and safety of a "decentralized stablecoin". The whole thing is just ripe for abuse.

I hate that I am going to have to get old as hell watching the world come to the slowest possible conclusion that blockchain was all about Bitcoin in the end. I think Blockstream has the right idea that building sidechains is where some fun VC type adventures are going to happen... but stablecoins? Not without a trusted third party. And well...

cAPSLOCK

legendary

Activity: 3920

Merit: 5565

Note the unconventional cAPITALIZATION!

Quote from: Torque on May 11, 2022, 12:05:48 PM

Good lord! You guys pontificate about the benefits of bitcoin DCA "strategy" like for days and days and days here on the WO.

Umpteen gazillion pages written about something so simple and benign.

Way to make something WAAAAYY more complicated than it needs to be.

Either:

a) Just buy on the major dips, or

b) put a set amount of DCA buys on autopilot at the end of every week, two weeks, or month, or

c) all of the above.

Also d) stay the fk away from shitcoins.

Sheesh, what is so fucking hard about this? Huh

Nothing. That's it. That's the whole thing.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3708. (Read 26731911 times)