Reply With QuoteI only trade bitcoin via CME futures. Not going anywhere close any of the exchanges.Originally Posted by stoneyloon
Where are you keeping it?
Cheers,
Adam.
I only trade bitcoin via CME futures. Not going anywhere close any of the exchanges.
Someone who lies about the little things will lie about the big things too.
Wow just watched that video - it is the Icelandic banks all over again without the bailout coming...
How did anyone think that an organisation can lend at 1% and pay 15% to savers ... how is that ever going to work out when the new money dries up?
That's why I commented that they deserve what's coming (has come). Earthshattering stupidity.
Someone who lies about the little things will lie about the big things too.
Normally if someone is offering an APR of 15% when mainstream rates are below 1% that usually screams scam. Producing a year on year return of 15% is quite a challenge for any investor
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Added another position of BTC at $22,300 - now set (will buy more on a dip to 20k).
Someone who lies about the little things will lie about the big things too.
Thanks...
Cheers,
Adam.
https://wublock.substack.com/p/analy...gy-survive?s=rNew profile photo. Stunning_
Interesting you are going long BTC on one hand, but think the whole thing is close to imploding on the other.
I have said before that MSTR is extremely lucky that they have no bond maturities until 2025 or they would be dead already. Just look at their 2027 convertible debt - it's trading at 50 cents on the Dollar. Remember, credit markets are always correct.
Let's do some quick math on the back of an envelope:
Market cap today is $2,400 million, debt is $2,405 million for a total EV of $4,805
Deduct from that the bitcoin stash (129,218 at $22,200 = $2,869 million, that leaves $1,936 million in valuation for a shrinking SaaS business with zero cash flow (all cash goes into servicing their debt). Some of their debt is floating interest, so expenses on these are going through the roof right now and the cash flow may not be enough to service the debt going forward. Oh, did I already mention we are heading into a recession and SaaS companies around the world have been cratering in anticipation of reduced corporate spending? The smallest hiccup in demand for their software will kill them, or lead to a massive equity issue at a monumental discount as they won't find anyone to underwrite such a capital increase.
Good luck to Saylor and all MSTR hodlers. NGMI.
Someone who lies about the little things will lie about the big things too.
It has imploded already. But ain't gonna go to zero in one straight line.
Someone who lies about the little things will lie about the big things too.
Apparently my timing is really shite, lots of talk of 50k BTC being liquidated at the moment, suppose it is the last beat of Celsius' heart. RIP.
Pruning my position by half.
Someone who lies about the little things will lie about the big things too.
3 Arrows Capital, or 3AC, is the biggest crypto hedge fund out there.
Or should I say it was the biggest fund? Liquidation ongoing.
https://www.threearrowscap.com/select-investments/
Someone who lies about the little things will lie about the big things too.
The co-founder Zhu is the guy who heavily endorsed Luna. Some rumours that a huge loan is being called in.3 Arrows Capital, or 3AC, is the biggest crypto hedge fund out there.
Or should I say it was the biggest fund? Liquidation ongoing.
https://www.threearrowscap.com/select-investments/
Out of remaining BTC position at $21,100. Doesn't feel right.
Someone who lies about the little things will lie about the big things too.
I can see why youve closed Raffe, because theres more volatility come (and could go either way)
But doesnt all this other stuff imploding, help Bitcoin in the medium term? I accept theyll hurt it short term..
(I know you dont want to be a long term holder of Bitcoin, so this might not even be a consideration for you)
Sold my remaining - made a little loss but not too bad. Exciting ride but too volatile for my blood - calling the bottom feels like trying to catch a falling knife at the moment.
Was there not a sports Rolex on sc a while ago that asked for payment in BTC only? Wonder if that went through ..
Edit found the listing. The seller had some visionary predictions.
Last edited by RustyBin5; 15th June 2022 at 07:43.
After my foolish attempt from last week, when I closed my short with the intention to sell it again $2,000 higher - and I missed the $10,000+ move to the downside, my tolerance for being wrong on a position is extremely low.
Someone who lies about the little things will lie about the big things too.
Sold my remaining - made a little loss but not too bad. Exciting ride but too volatile for my blood - calling the bottom feels like trying to catch a falling knife at the moment.
Was there not a sports Rolex on sc a while ago that asked for payment in BTC only? Wonder if that went through ..
Edit found the listing. The seller had some visionary predictions.
Wasn't it a Pepsi for 1 BTC. Still seems expensive even now.
Anyone checked in on Saylor?
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Last spotted hustling up punters interested in yacht charter, was what I heard.
https://www.superyachtsmonaco.com/charter/harle
A whisker above $20k. Load up.
https://uk.finance.yahoo.com/news/cr...103542205.html
Crypto hedge funds are dumping their holdings of staked ethereum with some analysts warning it could trigger the next big crypto crash.
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Another crash coming !
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"Bitcoin (BTC-USD) has also collapsed 9% in the last 24 hours to $20,278, a low not seen since 2017."
Wut???
Someone who lies about the little things will lie about the big things too.
Coinbase laid off 18% of their staff and judging by posts on LinkedIn they didn't do it in the most elegant way- basically a SMs telling them to check their email!
These employees simply weren't as smart as their CEO and founder, who sold hundreds of millions worth of stock and poured it into flashy real estate liked his $130 million home.Coinbase laid off 18% of their staff and judging by posts on LinkedIn they didn't do it in the most elegant way- basically a SMs telling them to check their email!
Someone who lies about the little things will lie about the big things too.
Meanwhile, over at Tether:
Hands up who is reminded of this little gem:
https://www.forbes.com/2008/03/10/be...markets21.html
If you want to find out, just sit and wait while market participants are voting with their feet and their statements will be reality-tested soon enough:
Someone who lies about the little things will lie about the big things too.
Chuckle the clue's even in the name, ''real''.
"Bitcoin miners stung as fallout from price collapse widens"
https://archive.ph/skOhn
"Peter Wall, chief executive of UK-listed Argo Blockchain, anticipates the 'first wave' of takeover deals within a year."
Posted on here would possibly be called out as a "stealth sales post".
I am gonna go out on a limb here and forecast that nobody will be interested to buy Argo. Death by slow bleeding me says.
Someone who lies about the little things will lie about the big things too.
I'm sure he'll only be "looking to get back what it owes him".
Another wild story from the world of DEFI: Three Arrows Capital, or 3as, is bankrupt. $18 billion down the drain, and apparently the cash of many DEFI protocols has just disappeared overnight.
For years crypto bros told us that foregoing regulation was the main advantage of DEFI over TRADFI. Turns out all of it is only a few fraudsters sitting on huge piles of leverage on one side and millions of disenfranchised bagholders on the other side. Dooh.
https://twitter.com/thedefiedge/stat...65349976694786
Someone who lies about the little things will lie about the big things too.
Well well
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It's a well known story, he settled with the SEC about accounting fraud.Well well
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https://www.computerworld.com/articl...20last%20March.
Compare:
Someone who lies about the little things will lie about the big things too.
He also did some stellar work as bitcoin critic:
https://twitter.com/saylor/status/413478389329428480
Last edited by Raffe; 17th June 2022 at 07:49.
Someone who lies about the little things will lie about the big things too.
Definitely a fellow I'd invest in
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3AC confirmed in restructuring, now it's Babel Finance that is suspending client redemptions. Added thrill: this time Tether is one of the rumoured creditors.
Every day one step closer to the edge.
Someone who lies about the little things will lie about the big things too.
Selling shovels might not be quite the earner it used to be.
"CleanSpark (CLSK), is taking advantage of the bear market and falling prices for bitcoin mining rigs by buying existing purchase contracts from another miner for 1,800 Antminer S19 XP computers."
https://www.binance.com/en/news/flash/7132887
And on the subject of hardware, I haven't seen too much mention of the Intel Blockscale asics recently. Anyone?
Shorting a bit of bitcoin here ahead of the weekend. $20,620.
Given the number of DEFI protocols rumoured to be on the brink of collapse, it would be rude not to.
Someone who lies about the little things will lie about the big things too.
Next stable coin going down: MIM (Magic Internet Money, yes seriously).
https://twitter.com/AutismCapital/st...41573383561217
Someone who lies about the little things will lie about the big things too.
Oopsies.
Someone who lies about the little things will lie about the big things too.
Sounds like it was a busy week in the finance department over at Bitfarms.
https://www.coindesk.com/business/20...coin-new-loan/
https://bitfarms.com/app/uploads/202....0-CLEAN42.pdf
12% and 14.5% for collateralised loans. Tell me nobody gives you any money without telling me that nobody gives you any money.
Someone who lies about the little things will lie about the big things too.
Under $20k now for btc..
Fingers crossed it won't recover before Tuesday!
What a the significance with Tuesday?
Having come out of my minor Bitcoin dealings unscathed, I want to be the Smart Money next time and buy in when there is proper blood on the streets.
Last time I bought on Bianance, and presume that is a central holding, so they held the key?
If I buy on Binance again, how do I get to hold the key? What do I have to do after buying on Binance. Sorry for the noob question.
Transfer off to your own hardware wallet, you then own your coins
If you want a hand holding guide for Trezor or Ledger drop me a PM anytime
Last edited by demonloop; 18th June 2022 at 19:36.
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