I sense a BTC pump coming, good buying this morning. A bit surprised this held again at $29k, but can see it going to 35k now.
Closing my futures short, but keeping the MSTR puts.
Someone who lies about the little things will lie about the big things too.
I sense a BTC pump coming, good buying this morning. A bit surprised this held again at $29k, but can see it going to 35k now.
Closing my futures short, but keeping the MSTR puts.
Someone who lies about the little things will lie about the big things too.
Yep we bought yesterday and Monday to the moon!
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Read this article over breakfast, seems the wise money is moving out.
https://coingeek.com/coinbase-listin...exit-strategy/
When this all blows up it’s going to be the biggest scandal of all time.
Michael Lewis will make some money from it...his book will be on my Xmas list.
From the article
The CEO, Brian Armstrong, sold $291 million worth of shares on opening day, 1.5% of his holdings.
Co-founder and board member Fred Ehrsam sold $112 million worth of shares.
Board member Katie Haun sold 150,000 shares ($53 million).
Union Square Ventures sold $1.8 billion, reducing its holdings to zero.
Andressen Horowitz sold 294,775 shares at $381 per share ($112 million) reducing its holding to 103,075 shares after previously being a 10% owner.
CFO Alesia Haas reduced holding to zero, selling some $99 million worth of stock.
Chief Accounting Officer Jennifer Jones sold 110,000 shares for $43 million, reducing her holding to 18,483.
President and COO Emilie Choi sold 602,158 shares for $220 million, reducing holding to 74,155 shares.
Chief Product Officer Surojit Chatterjee sold 160,000 for $62 million, reducing his holding to 5.344.
Personally, I'm looking forward to Nathaniel Popper's promised forthcoming tome on the GameStop saga.
Yes but the piece confuses exchanges going down with Crypto going down.
The people involved may be shady, and Coinbase defo being naughty , their exchange may go bust, but there are many exchanges and frankly i couldn't care less about the finances of the exchange itself, when my coins are in my hardware wallet I'm ok.
Will exchanges disappear yes, does that mean Crypto is doomed ?
It's good news that finally these shady characters are being looked at and hopefully dealt with as the charlatans they undoubtedly are.
I think there is a smidge of hyperbole in that article , who knows
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The long term future for Crypto isn't necessarily linked to the success or not of some dodgy carrying ons by some exchanges though , is my point . A rocky road yes, a reason for caution certainly ( and buy a ledger )
But all that doom and gloom? I bet that article will be long forgotten when BTC is over 40k in 6 months*
*Possibly
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Someone who lies about the little things will lie about the big things too.
I am an optimist at heart, and don't believe a few exchanges going and bad egg flushing will fundamentally change the future of Crypto, instead it's an and down couple of years at worst
Steam rollers over Chinese rigs, worldwide clampdown, legislators getting edgy, pump and dumpers keep lining their pockets loads to be edgy about
But I'll put my optimism where my mouth is and say BTC at 40k USD by 31/1 for the Fundy ( I'm 2 nil down on Fundy bets )
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Surely you should also take into account that if the price jumps for BTC are
linked to Tether flooding the market with no real backing then if it collapses then the prices could collapse as well.
At that point i would expect a rush to get out back to something with real worth.
Likewise as the regulation comes in and crytpo starts to operate more like a standard market - then I would expect the volatility in the prices to subside. Maybe then the gambling speculation (and get rich quick) mentality which has fed the market will fizzle out.
I guess we will see… (I could of course be totally wrong 😂)
Cheers
matt
I hope so, it has to for the future of crypto , yes it could turn to shit for a bit but it will still exist.
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One could argue that Bitcoin has already survived a full blown dress rehearsal - https://en.wikipedia.org/wiki/Mt._Gox
Our hash rate just went to 218MH/s, lots of lovely buyers out there paying our fees but making the cards work a it harder
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But the point is that the exchanges have been using their own invented magic beans that are meant to be backed by USD but appear not to be to buy cryptos to keep the whole system pumping ... when there are no magic beans left to keep pumping prices where does that leave the various coins?
The more I look at it the more it looks like a huge house of cards that is about to collapse ... those CoinBase insiders who have all sold up must tell us something about the future.
'meant to be backed by the USD'
Exactly , it isn't is it
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Those Coinbase insiders could just be pure profiteers and be telling you nothing of any worth
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Sorry didn't mean you, I meant the market
Stable coins and exchanges are one thing, BTC is another
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Yes I did, and I'm not qualified to appraise it professionally, very much an amateur with faith in the long term future of crypto. Traders gonna trade and people gonna get burned and sh1t will go down etc etc
But bitcoin and the future of crypto won't go down because of it
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I'm investing in the Graph
They basically do queries on the blockchains and present them in graphical form. Doing that is highly technical. End users are often not capable of doing queries, even with old SQL databases etc. They will be able to give real time dashboards for what a company or the government is doing. You bet on the different teams that are competing to give the most accurate information.
Imagine getting real time data in the future on company profit or Gov spends
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Digital currency for the MAGA community :)
https://www.theguardian.com/technolo...ple-to-sign-up
Anyone here use a Ledger Nano X using phone only?
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Unless you part of the project, invest in projects at your peril
It's great to get in early, but lots of shill projects always doing the rounds
JP Morgan have approved Crypto funds for it's clients
https://www.forbes.com/sites/emilyma...o-all-clients/
And more will follow , slowly, probably dipping into BTC
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Jamie Dimon, such a slimeball.
Last edited by Passenger; 23rd July 2021 at 10:08.
Binance told the Financial Times it has “not seen a slowdown in institutional activity. On the contrary, we have seen continued interest in our institutional offering from not only crypto native firms, but also traditional finance institutions that have entered the crypto space”.
LOLZ.
https://archive.ph/UHnV3
Someone who lies about the little things will lie about the big things too.
Meanwhile , hello bad boy, mine me some gold, dry ya eyes gamers
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