And I always thought traditional finance was the problem....?Originally Posted by demonloop
I don't need to keep my money in a safe, it is in a bank and I sleep well.
Someone who lies about the little things will lie about the big things too.
My pal bought 5 BTC when they were $5k each. He tried for weeks to persuade me to buy some too.
He sold 1 when it recouped all that he’d put in, and he still has 4 sat in his Binance account.
I did try to persuade him to put them on a Nano when they were worth $60k each, but he still hasn’t.
Good for him, but nuts leaving them on account.
Having c. £100k on an exchange might seem like a lot, even one like Binance, but is it really? People have far more on defi platforms like Celcius and BlokcFi. Are personal wallets and the acts of moving crypto that much less risky than leaving on an exchange?
I'm not trying to challenge or anything, just curious on opinions. I have about £10k on binance and figure it's easier just to leave it there. I would like to continue to invest and am tempted by the likes of Celcius, though as I acquire more I know I'll need to be considering security and storage more closely.
It was four o'clock in the morning in Texas when Elon Musk tweeted this an hour ago:
For those not up-to-date, the symbol refers to Cummies, as the coins of the CUMROCKET token are known.
Result: Cumrocket coins jump by over 300%, to settle at +150% for now.
I only have one question: WHEN PRISON?
Someone who lies about the little things will lie about the big things too.
Wish he would text me ahead of his tweets.
Man is an utter criminal.
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None of them are trustworthy IMO
Exchanges / banks all controlled by humans at the end of the day.
What we need is something not under the control of anyone.
Like a decentralised system.... oh wait!
(I sleep great too)
Short bitcoin at 37,500 from this night. 30 times leverage, up 120% so far.
Nice.
Someone who lies about the little things will lie about the big things too.
Bold move. Good luck.
I think Elon is in Miami for the Bitcoin conference this weekend. So maybe 2am rather than 4am.
He’s still a plank though.
I'm hoping for BTC to drop below 35k so I can get back into ARB. Targeting ARB buy price of 100p. Suspect I'll struggle to win my 'ARB at 400p or higher at end June' bet though!
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No he ain't.
High as a kite in Texas.
Someone who lies about the little things will lie about the big things too.
ARB will never reach 400p.
Someone who lies about the little things will lie about the big things too.
What was your thinking / trigger to take that position? ... apart from you thought it would drop ... but why?
We have seen a series of lower highs since the initial selloff, every recovery stopped at a lower level.
If this pattern was going to hold, it had to turn somewhere below 38/39k.
Someone who lies about the little things will lie about the big things too.
Technical analysis?
Yes maybe, it's just the definition of a trend.
Someone who lies about the little things will lie about the big things too.
Miami bitcoin conference was all over financial news over the weekend, must have done crypto really good.
[checks prices]
Ohh.
Someone who lies about the little things will lie about the big things too.
Elon now in hiding post the anonymous release...wonder what happens next!
Doubling my short here at $35,820
Someone who lies about the little things will lie about the big things too.
That was clearly a very average idea.
Someone who lies about the little things will lie about the big things too.
Did you get rekt?
No, still in and it has just dropped $500 so I am back on top.Did you get rekt?
It just becomes very volatile when you do 30 times leverage, but it's nice because you do not need to put a lot of collateral and has an automatic and guaranteed stoploss.
Someone who lies about the little things will lie about the big things too.
Taproot upgrade to the underlying way that BTC operates is coming this week.
Some are speculating that there are many large institutions who have been awaiting this upgrade before buying in as it will radically change the security aspects of BTC adoption which has been one of the biggest barriers to entry so far.
https://www.coindesk.com/bitcoin-tap...igital-vs-gold
Hilarious.
Anonymous sounds like an angry crypto investor looking for somebody to blame for their losses.
Someone who lies about the little things will lie about the big things too.
He better renew his Norton subscription ASAP.
It is all pretty funny, especially given that the "real" Anonymous group have not claimed that the video is actually theirs. They will have to do so before anyone takes it seriously.
However, they have been responsible for some pretty impressive hacks/attacks in the past. I'm sure they could cause a lot of trouble for Tesla if they wanted to.
They love it when Elon pumps BTC, but not so much when he dumps it. Amazing.
Are you saying somebody hacked their Youtube and other social media accounts?
Someone who lies about the little things will lie about the big things too.
Real or not, if it makes Elon shake in his boots a little, I think we can all agree it's a good thing.
Ahh, that's news to me. I thought 172k would validate the account.
Interesting.
Someone who lies about the little things will lie about the big things too.
I did too, but read something about it over the weekend. The account they've used only has 3 or 4 videos on it.
It's clearly not the same group who have done previous stuff.
All are probably a bunch of 17 year old kids, so it make little difference I guess.
Meanwhile, Micky Saylor is going all-in.
First, a filing with the SEC describing how BTC-impairments have wiped out almost 80% of the company's equity. What now? Correct, buy more. When in trouble, double.
So MicroStrategy is at the same time announcing that it is borrowing another $400 Mio to buy more BTC. I haven't seen the prospectus yet, but am very curious to see what sort of disclaimers it will take to get this past the lawyers. Just remember what AMC had to write last week.
I reiterate my firm belief that MSTR will file for bankruptcy before 2021 is over. Their software-related revenues (= the core business) are quickly approaching zero, they are basically nothing but a highly loeveraged bitcoin ETF (with plenty of air-pocket in the NAV).
Someone who lies about the little things will lie about the big things too.
Made me chuckle.
ARB back in a price zone where I'm interested in getting back in, hoping for a quick ride up to 180p and then get out again. What do we thing on ARB at current valuations. Short term bounce up likely?
You are not asking me, are you?
Someone who lies about the little things will lie about the big things too.
Bitcoin down because the Feds have recovered the Colonial pipeline ransom. Muh decentralised. Muh legal use cases.
But a Central American kleptocracy will adopt BTC as legal tender, dream come true because decentralised money will help mankind get rid of oppression. Muh.
Soon it will be seen for the complete bullshit it is. Going more short.
Someone who lies about the little things will lie about the big things too.
https://finance.yahoo.com/news/micro...123000219.html
"The notes and the related guarantees will be secured, on a senior secured basis with MicroStrategy’s existing and future senior indebtedness, by security interests on substantially all of MicroStrategy’s and the guarantors’ assets, including any bitcoins or other digital assets acquired on or after the closing of the offering, but excluding MicroStrategy’s existing bitcoins as well as bitcoins and digital assets acquired with the proceeds from existing bitcoins. MicroStrategy’s existing approximately 92,079 bitcoins will be held by a newly formed subsidiary, MacroStrategy LLC."
Two question which immediately occur to me regarding MacroStrategy:
- Is this potentially simply another baby step to creating a ready packaged, all set to go standalone (ET) Bitcoin Fund?
- Am I correct in assuming that MacroStrategy LLC would be required to make separate filings and annual reports?
I'd be very interested in seeing this too and would be grateful if you could post any links if and when you come across them.
Just saw a note from an analyst.
They are looking to borrow $400 million, which is a little higher than the total cash flow the company has generated during the last five years. And cash flow is falling like a stone, the software business is in fact dead so there will be almost no cash flow going forward. And the amount of impairments they are booking on their bitcoin holdings ($284 million) is in fact more than all of its cumulative earnings during the last ten years.
This company is bankrupt and their CEO will go to prison.
Now let's wait until Tesla announce their impairments - oh wait they won't do that until they announce their Q2 results in July (despite the obligation to report such things in ad-hoc).
*** Just heard MSTR have been teasing this with a 6.25-6.50% cupon - I find that cheap, who in their right mind would lend money against a dying business for 6%??? ****
Last edited by Raffe; 7th June 2021 at 22:13. Reason: updated cupon
Someone who lies about the little things will lie about the big things too.
Down another $1,500 since this post.
Someone who lies about the little things will lie about the big things too.
"It is unclear how exactly the FBI got hold of the hackers’ private key"
Indeed
Perhaps they used their secret quantum computer?
https://www2.deloitte.com/nl/nl/page...lockchain.html
I am seriously flabbergasted.
The Feds can seize money when criminality is involved, that is certainly a good thing? I hear again and again how bitcoin has outgrown its history as the money of choice for criminals and tax cheaters - everybody should be happy that the FBI can track down the recipients of crime proceeds and seize the money? Somehow it appears to me that not everybody is happy and the 'security against government intervention' is still one of the core properties of bitcoin. makes me wonder why, if illegal use is not important? I thought it was about store of value....?
Someone who lies about the little things will lie about the big things too.
Flabbergasted why?
I just wondered how they got the private keys..
I don't care how they got it but I am pleased that they did and I hope that tax authorities throughout the world are also given the same knowledge.
I cannot see the logic of allowing people to boast of how much they made on Bitcoin without paying tax because the safe keys make the transactions almost invisible. These same tax dodgers then complain about Amazon and Starbucks etc. It's a shady business all round.
Flabbergasted because this little story cost bitcoin $4k.
Appears that the secrecy properties do stand for a non-trivial part of the value of our favourite cryptocoin?
Someone who lies about the little things will lie about the big things too.
I can't say I'm a fan of the 'end justifies the means' argument, but I agree with you on the tax point, everyone should pay the tax they owe.
It's certainly a warning to protect your private keys, in case of hacking etc
The blockchain remains as secure as it was last week though
I'd say 10-figure Tether print imminent, because demand.
Someone who lies about the little things will lie about the big things too.
How do they do that without deposits ?
I'd say 10-figure Tether print imminent, because demand.
A quick and cursory google would seem to suggest that the current average for high yield junk bonds is ~4%. Have I got that right?
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