BobbyCoins Posted March 12, 2021 Report Share Posted March 12, 2021 59 minutes ago, 9 Nines said: Most, perhaps nearly all, the Bitcoin exchanges/trading platforms are overseas (from USA perspective) so not regulated by US, and more than likely run by corrupt figures/governments. I don't know about "most" or "nearly all" crypto exchanges, but Coinbase (2012) and Kraken (2011), two of the biggest and oldest exchange platforms, the ones most people/businesses/entities in the US buy, sell, and trade on, were both founded and have headquarters located in San Francisco, CA. Well within US jurisdiction and subject to US law. Binance, the exchange mentioned in the article, is located in the Cayman Islands. 59 minutes ago, 9 Nines said: Now, while the US tries to protect its citizens from those platforms, hence the news article you linked, when it comes to Bitcoin, anyone, USA Citizen or not, is at risk fully for any corruption by those platforms, because besides minor lag in prices, any Bitcoin traded in USA would follow those platforms 1 for 1 - if it didnt global entities would arbitrage it bringing it back to 1 for 1. Who is "the US" in your scenario? 59 minutes ago, 9 Nines said: So if those platforms are artificially inflating Bitcoin, which I suspect they are, possibly by a large degree, you will get burned no matter where you reside if you bite from the Bitcoin fruit. Somebody better tell that dumb ass Elon Musk not to put any more of his billions into it then. 9s... how many sats or gwei did you buy before/after you posted this? Link to post Share on other sites More sharing options...
Supdawg Posted March 13, 2021 Report Share Posted March 13, 2021 (edited) No Coiners and Fudsters in disbelief. Edited March 13, 2021 by Supdawg Link to post Share on other sites More sharing options...
BobbyCoins Posted March 13, 2021 Report Share Posted March 13, 2021 8 hours ago, Supdawg said: No Coiners and Fudsters in disbelief. What's the outlook on a bear market now? Or is this the new bear? Link to post Share on other sites More sharing options...
Supdawg Posted March 13, 2021 Report Share Posted March 13, 2021 (edited) Edited March 13, 2021 by Supdawg Link to post Share on other sites More sharing options...
Supdawg Posted March 14, 2021 Report Share Posted March 14, 2021 Will be interesting to see if this pump retraces back to 58K? One interesting thing to note about this pump was that it was on the weekend and it Coinbase had a negative premium, meaning it was likely derivative driven pump vs spot. I think we could have a retest of the 58K, and a CME gap at 57.5K. Still believe we have enough left in the tank for at least make it to 100K, which I believe will be a tough nut to crack. There will likely be huge numbers of people taking profit at 100K, which might take a bit to get through unless something dramatic happens to push it up really really quickly. This is a good thread from a brilliant man I follow. Link to post Share on other sites More sharing options...
Supdawg Posted March 15, 2021 Report Share Posted March 15, 2021 Looks like we got the dip... Now let's run this shit back turbo. Again, I bought the dip. If you're wondering why we dipped, it has to do with too many over-leveraged longs getting punished. Fucking degens. Link to post Share on other sites More sharing options...
pat Posted March 15, 2021 Report Share Posted March 15, 2021 1 hour ago, Supdawg said: Looks like we got the dip... Now let's run this shit back turbo. Again, I bought the dip. If you're wondering why we dipped, it has to do with too many over-leveraged longs getting punished. Fucking degens. You keep posting this stuff and I'm like BUT WHERE IS THE SALE sheesh Supdawg 1 Link to post Share on other sites More sharing options...
Supdawg Posted March 15, 2021 Report Share Posted March 15, 2021 If you want to buy the dip, you really have to set bids at levels you're willing to buy and actively manage those positions. There are a shit ton of people who are all watching the same levels and want to buy the dip. Dips are being bought up very aggressively in this bull market. pat 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted March 15, 2021 Report Share Posted March 15, 2021 (edited) 2 hours ago, patsplat said: You keep posting this stuff and I'm like BUT WHERE IS THE SALE sheesh https://www.theblockcrypto.com/linked/98309/bitcoin-falls-55000-over-1-billion-crypto-futures-liquidated Edited March 15, 2021 by NashvilleNinja Link to post Share on other sites More sharing options...
pat Posted March 15, 2021 Report Share Posted March 15, 2021 2 hours ago, NashvilleNinja said: https://www.theblockcrypto.com/linked/98309/bitcoin-falls-55000-over-1-billion-crypto-futures-liquidated A couple months ago the sale was at 45k Link to post Share on other sites More sharing options...
BobbyCoins Posted March 15, 2021 Report Share Posted March 15, 2021 25 minutes ago, patsplat said: A couple months ago the sale was at 45k A couple months ago the all-time high was 40k. Then it went back down 10k. And then it started going back up... and up... and up, until hitting 58k. Then it went back down almost 20k when it was was selling for 43k on Feb 28. Then it went back up to hit another high at 61k. Now it's down 5k and might go down even more. When it hit its high back in 2017 it went back down and staid down for a couple years. Maybe it'll do something like that again, but the basement might not be lower than 35-40k anymore, if it even gets that low. There are too many deep pocketed people into it now and it looks like they're just going to keep coming in at this point. titanruss 1 Link to post Share on other sites More sharing options...
Supdawg Posted March 16, 2021 Report Share Posted March 16, 2021 I think this is a good thesis on what may happen next in Bitcoin. Might want to set some bids in the 52K area if interested. Link to post Share on other sites More sharing options...
Supdawg Posted March 16, 2021 Report Share Posted March 16, 2021 (edited) Great Podcast I listened to this morning. "Bitcoin Strategist Greg Foss sees Bitcoin as portfolio insurance. He believes that if you don’t own Bitcoin, you are taking “extreme amounts of risk”. In this interview, I talk with Greg about the growing treasury yields, what this means for the markets, inflation and what a debt spiral means for fiat currencies and bitcoin." His thesis about Bitcoin's intrinsic value. " Bitcoin is default insurance on a basket of sovereign credits, and using that thought process, I calculated the value of Bitcoin as a function of the credit default swap markets for individual country multiplied by their funded and unfunded liabilities." Edited March 16, 2021 by Supdawg Link to post Share on other sites More sharing options...
BobbyCoins Posted March 16, 2021 Report Share Posted March 16, 2021 To early adopters I'm sure this article reads like the best sex talk in history, but to most people who either don't have BTC yet or have only just bought some, all this talk of bitcoin and its future purchasing power isn't really going to mean shit to most regular folk, especially if BTC blows up to this degree. It already doesn't considering a single coin will set you back $50k. Why don't the writers of articles like these break it down in satoshi all mathematical-like for most of the rest of us rubes who don't math all that well? Because the satoshi is the unit that will actually have implications for regular folks. Who gives a flying fuck what the purchasing power of a bitcoin will be if no one but the 1% can afford one now? I mean, crypto folk are all about throwing around the phrase "keep stacking sats", but then they want to blow past unpacking that and explaining in plain english why you need to keep stacking sats. All they want to talk about is bitcoin. Ha! Fuck bitcoin. Right now, Ricky Redneck can only afford to buy satoshis, if he even knows how or even knows what a satoshi is. So explain to Ricky Redneck, in redneck vernacular, what kind of real-world, practical purchasing power satoshis will or might theoretically have in the future. Link to post Share on other sites More sharing options...
titanruss Posted March 17, 2021 Report Share Posted March 17, 2021 5 hours ago, NashvilleNinja said: To early adopters I'm sure this article reads like the best sex talk in history, but to most people who either don't have BTC yet or have only just bought some, all this talk of bitcoin and its future purchasing power isn't really going to mean shit to most regular folk, especially if BTC blows up to this degree. It already doesn't considering a single coin will set you back $50k. Why don't the writers of articles like these break it down in satoshi all mathematical-like for most of the rest of us rubes who don't math all that well? Because the satoshi is the unit that will actually have implications for regular folks. Who gives a flying fuck what the purchasing power of a bitcoin will be if no one but the 1% can afford one now? I mean, crypto folk are all about throwing around the phrase "keep stacking sats", but then they want to blow past unpacking that and explaining in plain english why you need to keep stacking sats. All they want to talk about is bitcoin. Ha! Fuck bitcoin. Right now, Ricky Redneck can only afford to buy satoshis, if he even knows how or even knows what a satoshi is. So explain to Ricky Redneck, in redneck vernacular, what kind of real-world, practical purchasing power satoshis will or might theoretically have in the future. Yah... that's some harem porn for early adopters. The talk should and will move towards satoshi's eventually and their value... but we aren't there yet. Even apple tries to autocorrect that word right now. First will come the euphoria of how big BTC gets and then the news will spread fast that's it's (as of now) 100 million divisible. The crazy news to me that I just realized because of this post is that Sats are just 20x away from being ~1 cent (.005 dollars now) To put that in perspective, Dogecoin was worth .003 just 5 months ago. Once it gets to the 1 cent range we are getting close 10 cents and you'll see more sats in the common vernacular. Supdawg 1 Link to post Share on other sites More sharing options...
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