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  1. #4101
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Owren View Post
    They say there is going some banking assembly to take place soon where it is highly likely the policy of quantitative easing will be paused. You can simply imagine the consequences of such decision for the crypto industry :(
    Some banking assembly?

    You mean the Jackson Hole "Macroeconomic Policy in an Uneven Economy" symposium for central bankers, which is held digitally this Friday?

    Don't hold your breath.
    Someone who lies about the little things will lie about the big things too.

  2. #4102
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    Good to see some positive news for UK bag holders :-)

    https://www.bbc.co.uk/news/technology-58277631

    Talk that Binance has also resumed UK faster payment withdrawals too, not checked myself as I'm not selling

  3. #4103
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    Quote Originally Posted by KingKitega View Post
    The end is nigh... But for what?

    https://twitter.com/VisaNews/status/...023208969?s=19

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    Quote Originally Posted by KingKitega View Post
    The next craze... prolly be NFTs. Can imagine the new generation 'investing' in this area this year.
    You're welcome.

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  4. #4104
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    Another case in point...


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  5. #4105
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    Quote Originally Posted by demonloop View Post
    Good to see some positive news for UK bag holders :-)

    https://www.bbc.co.uk/news/technology-58277631

    Talk that Binance has also resumed UK faster payment withdrawals too, not checked myself as I'm not selling
    Binance has resumed UK withdrawals, but not through Faster Payments as they have terminated the collaboration with Binance.
    Someone who lies about the little things will lie about the big things too.

  6. #4106
    Binance is gearing up for something...headhunters are trying to get product, compliance and marketing people based in London. Whether that will satisfy the FCA remains unclear but it might ease supplier concerns about working with them to make Fiat on and off-ramps a little better.

  7. #4107
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    Quote Originally Posted by KingKitega View Post
    Another case in point...


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    Gotta be getting close now to peak absurd fad with no inherent value but one from which every man, his son/dog are seeking to get rich quick...

  8. #4108
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    Quote Originally Posted by Passenger View Post
    Gotta be getting close now to peak absurd fad with no inherent value but one from which every man, his son/dog are seeking to get rich quick...
    Absolutely maybe.

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    Last edited by KingKitega; 26th August 2021 at 12:27.

  9. #4109
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    Quote Originally Posted by Passenger View Post
    Gotta be getting close now to peak absurd fad with no inherent value but one from which every man, his son/dog are seeking to get rich quick...
    The world has gone mad.

    https://www.cnbc.com/2021/08/23/peop...-of-rocks.html
    Someone who lies about the little things will lie about the big things too.

  10. #4110
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    It's a brave new world

  11. #4111
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    Quote Originally Posted by Raffe View Post
    Indeed! Right click, save as...

    Pffft..



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  12. #4112
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    Quote Originally Posted by KingKitega View Post
    Another case in point...


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    I do enjoy a nice completely organic child entrepreneur story.

    His stock exchange programmer dad is in the process of trademarking the weird whales brand.

    Yeah, there's whales involved somewhere...

  13. #4113
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    Quote Originally Posted by Raffe View Post
    It'll sink like a stone

  14. #4114
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    Just closed half of my bitcoin short at $46,900 again, I still think it'll sink from here but a lot of tethers being minted in order to support it. Would really like to see a failure of support at 44k before fulling leaning into the weakness.
    Someone who lies about the little things will lie about the big things too.

  15. #4115
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    Quote Originally Posted by Raffe View Post
    Just closed half of my bitcoin short at $46,900 again, I still think it'll sink from here but a lot of tethers being minted in order to support it. Would really like to see a failure of support at 44k before fulling leaning into the weakness.
    How do they mint tethers without new cash deposits?

  16. #4116
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    Quote Originally Posted by Montello View Post
    How do they mint tethers without new cash deposits?
    By just creating them.

    Apparently tethers are being sold at 10% to 20% discount to face value to crypto whales, who are quickly bailing out by buying bitcoin. Everybody happy: free money printed, distributed and bitcoin go up .
    Someone who lies about the little things will lie about the big things too.

  17. #4117
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    Quote Originally Posted by demonloop View Post
    Off Twitter..

    A dormant address containing 484 #BTC* (21,871,546 USD) has just been activated after 7.8 years!

    Nice earner that!
    So someone remembered their password ?

  18. #4118
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    Quote Originally Posted by Montello View Post
    How do they mint tethers without new cash deposits?
    It’s like quantitative easing but the cowboy pirate version


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  19. #4119
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    Quote Originally Posted by Raffe View Post
    By just creating them.

    Apparently tethers are being sold at 10% to 20% discount to face value to crypto whales, who are quickly bailing out by buying bitcoin. Everybody happy: free money printed, distributed and bitcoin go up .
    But aren’t Tethers supposed to be backed by USD?

  20. #4120
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    Quote Originally Posted by Montello View Post
    But aren’t Tethers supposed to be backed by USD?
    Hahahahahahahaha. That was a good one.
    Someone who lies about the little things will lie about the big things too.

  21. #4121
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    Quote Originally Posted by Raffe View Post
    Hahahahahahahaha. That was a good one.
    I think I will create my own stable coin and buy a load of BTC. May as well join the party.

  22. #4122
    Positive news

    https://gadgets.ndtv.com/cryptocurre...ldline-2516578

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  23. #4123
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    Quote Originally Posted by Raffe View Post
    By just creating them.

    Apparently tethers are being sold at 10% to 20% discount to face value to crypto whales, who are quickly bailing out by buying bitcoin. Everybody happy: free money printed, distributed and bitcoin go up .


    Do you have any reliable source for this info? (Not just the usual Twitter FUD BS) I’ve never seen any proof of the FUD you’ve been spouting about tether for the last few months. I agree that it doesn’t seem to be the most transparent of the stable coins and they can’t fully account for where all the cash is, due to a lot of it being in corporate paper (just like many legitimate money funds have, remember Woodford?) but I do not get where your idea of tether just making more coins by magic comes from.

    Their supply of tethers increases as more fiat cash flows into the crypto sphere.

    Where do you think it comes from, and how is USDT so different from USDC?

  24. #4124
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    Quote Originally Posted by mr noble View Post
    Do you have any reliable source for this info? (Not just the usual Twitter FUD BS) I’ve never seen any proof of the FUD you’ve been spouting about tether for the last few months. I agree that it doesn’t seem to be the most transparent of the stable coins and they can’t fully account for where all the cash is, due to a lot of it being in corporate paper (just like many legitimate money funds have, remember Woodford?) but I do not get where your idea of tether just making more coins by magic comes from.

    Their supply of tethers increases as more fiat cash flows into the crypto sphere.

    Where do you think it comes from, and how is USDT so different from USDC?
    Tether hasn't been transparent and can't account for the cash but that's OK because....?

    Tether is under investigation for bank fraud by the US DOJ and in the meantime receives tens of billions of cash from institutional investors because, well screw the DOJ, it'll be alright eventually? Is that how institutional money managers are working? Ever heard about due diligence before you are sending money to a counterparty? Any criminal investigation is a knock-out criteria for serious investors, because they are liable towards their investors for negligence if the money goes missing.

    I am sorry but have no idea what you are talking about. It's called commercial paper, not corporate paper. Woodford never managed a money market fund and never invested in commercial paper. And if he had, that would have hardly been a good example as his funds blew up and his investors lost lots of money.

    Argo will go to 400p, bitcoin will be $100k+ and Elon Musk will send humans to Mars. Good luck.
    Someone who lies about the little things will lie about the big things too.

  25. #4125
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    Quote Originally Posted by Raffe View Post

    Argo will go to 400p, bitcoin will be $100k+ and Elon Musk will send humans to Mars. Good luck.
    I agree.

  26. #4126
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    Quote Originally Posted by Raffe View Post
    -snip- bitcoin will be $100k+-snip-.
    It’ll be way more than that

  27. #4127
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    Quote Originally Posted by demonloop View Post
    It’ll be way more than that
    Part of the "democratising finance" series: out of reach for 99.9% of the planet's population. And inflationary like hell.

    Good stuff.
    Someone who lies about the little things will lie about the big things too.

  28. #4128
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    100k BTC, anyone going long future on this number?

  29. #4129
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    I’ll bet that if it does touch $100k, there will be a 30-50% pull back within hours or days.

  30. #4130
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    Quote Originally Posted by mr noble View Post
    I’ll bet that if it does touch $100k, there will be a 30-50% pull back within hours or days.
    I bet against that.

    Please set timeframe and correction percentage.
    Someone who lies about the little things will lie about the big things too.

  31. #4131
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    Quote Originally Posted by Raffe View Post
    Part of the "democratising finance" series: out of reach for 99.9% of the planet's population.
    How is it out of reach?

  32. #4132
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    The family that mines ravencoins together...

    https://www.cnbc.com/2021/08/31/kid-...tcoin-eth.html

  33. #4133
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    Quote Originally Posted by petethegeek View Post
    The family that mines ravencoins together...

    https://www.cnbc.com/2021/08/31/kid-...tcoin-eth.html

    Hmm the rich family perhaps.

    I don't think most schoolkids can get their hands on the £300000 worth of gpus and mining equipment needed to make a return of $33000 a month.

    There is nothing particularly difficult with building mining rigs assuming you've built stable hardware but this is not a bedroom project they are talking about and likely requires 10 months to pay off the hardware and setup costs before turning as profit. I seriously doubt they are mining bitcoin , probably ethereum.

    I mean if you have a mommy and daddy prepared to bankroll you to the tune of £300k its something that will just sit there without requiring much attention and produce a healthy profit fair enough..... but its not anything remarkable or particularly clever.

  34. #4134
    That's huge investment from bank of mum and dad

    We put in 10k , and we don't make that much tbh

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  35. #4135
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    Quote Originally Posted by Mr.D View Post
    Hmm the rich family perhaps.

    I don't think most schoolkids can get their hands on the £300000 worth of gpus and mining equipment needed to make a return of $33000 a month.

    There is nothing particularly difficult with building mining rigs assuming you've built stable hardware but this is not a bedroom project they are talking about and likely requires 10 months to pay off the hardware and setup costs before turning as profit. I seriously doubt they are mining bitcoin , probably ethereum.

    I mean if you have a mommy and daddy prepared to bankroll you to the tune of £300k its something that will just sit there without requiring much attention and produce a healthy profit fair enough..... but its not anything remarkable or particularly clever.
    "Journalism".
    Someone who lies about the little things will lie about the big things too.

  36. #4136
    Just bought some more Cardano, going to the moon this one 99% gauranteed

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  37. #4137
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    I think Cardano has legs. Would be looking at Luna too, if I had money to invest

  38. #4138
    Gensler speaks

    https://cointelegraph.com/news/sec-b...s-the-internet

    “I think the transformation we're living through right now could be every bit as big as the internet in the 1990s.”

    He said that DeFi and crypto have been “rife with fraud, scams, and abuse," and emphasized the vulnerability of the investing public in the absence of “clear investor protections obligations on these platforms.”

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  39. #4139
    BTC 50k

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  40. #4140
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    Quote Originally Posted by Daveya. View Post
    Just bought some more Cardano, going to the moon this one 99% gauranteed

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    Quote Originally Posted by demonloop View Post
    I think Cardano has legs. Would be looking at Luna too, if I had money to invest
    I have been gradually buying ADA and have some cash sat there waiting to buy more if there is a dip, definitely a HODL for me..

  41. #4141
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    Quote Originally Posted by murkeywaters View Post
    I have been gradually buying ADA and have some cash sat there waiting to buy more if there is a dip, definitely a HODL for me..
    I’ve avoided buying anything for several reasons, but Ada is the only one I was tempted to tip to a friend that want to dabble. Best £50 she spent.

  42. #4142
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    Quote Originally Posted by Daveya. View Post
    BTC 50k

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    What is that supposed to mean? Somebody writing a text to document they have no clue how options work?

    Just looking at today's expiry neglects the tens of thousands options outstanding for future option expiries. Absolute normal distribution, with puts below the trading price and calls above. Calls express past bullish sentiment and puts past bearish sentiment. At expiry, they likely have the opposite effect. Someone buying calls a few weeks ago will exercise them today, sitting on unwanted bitcoin which will be sold into the market. If they had wanted the bitcoin, they could have bought straightaway when they bought the option. No, they wanted to speculate on the future movement of price. Now the reality kicks in.

    If anything, this is selling pressure on the price above 50k, but it's so small in volume that it likely has no effect at all.
    Someone who lies about the little things will lie about the big things too.

  43. #4143
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    Quote Originally Posted by joe narvey View Post
    I’ve avoided buying anything for several reasons, but Ada is the only one I was tempted to tip to a friend that want to dabble. Best £50 she spent.
    I take it that was early days, value wise it isnt a Bitcoin or Ethereum but I believe it still has a long way to go..

  44. #4144
    Quote Originally Posted by Raffe View Post
    What is that supposed to mean? Somebody writing a text to document they have no clue how options work?

    Just looking at today's expiry neglects the tens of thousands options outstanding for future option expiries. Absolute normal distribution, with puts below the trading price and calls above. Calls express past bullish sentiment and puts past bearish sentiment. At expiry, they likely have the opposite effect. Someone buying calls a few weeks ago will exercise them today, sitting on unwanted bitcoin which will be sold into the market. If they had wanted the bitcoin, they could have bought straightaway when they bought the option. No, they wanted to speculate on the future movement of price. Now the reality kicks in.

    If anything, this is selling pressure on the price above 50k, but it's so small in volume that it likely has no effect at all.
    Dunno, found it in Reddit

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  45. #4145
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    Quote Originally Posted by Daveya. View Post
    Dunno, found it in Reddit

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    Ah, joining the Reddit economist movement? I am sure Ryan can give you a tip or two.
    Someone who lies about the little things will lie about the big things too.

  46. #4146
    Quote Originally Posted by Raffe View Post
    Ah, joining the Reddit economist movement? I am sure Ryan can give you a tip or two.
    It's all I have to offer tbh and regular shouts of to the moon! Plus a window into basement mining

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  47. #4147
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    Quote Originally Posted by Daveya. View Post
    It's all I have to offer tbh and regular shouts of to the moon! Plus a window into basement mining

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    All good mate, just pulling your leg.
    Someone who lies about the little things will lie about the big things too.

  48. #4148
    Quote Originally Posted by Raffe View Post
    All good mate, just pulling your leg.
    I know :)

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  49. #4149
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    Quote Originally Posted by Daveya. View Post
    It's all I have to offer tbh and regular shouts of to the moon! Plus a window into basement mining
    99% of us here are randomly throwing our money around! I just started trading crypto futures and somehow made £20, feels good in a Las Vegas type way

  50. #4150
    Quote Originally Posted by murkeywaters View Post
    99% of us here are randomly throwing our money around! I just started trading crypto futures and somehow made £20, feels good in a Las Vegas type way
    Yeah me to, instead of getting the car wrapped I stuck 3k into Graph Cardano and Polkadot, made me £200 in 3 weeks but im not throwing in anymore than my secret man's stash of cash.

    The mining will make me rich anyway lol



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