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Thread: Bitcoin

  1. #5801
    Grand Master Raffe's Avatar
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    Tether USDT starts to wobble again, I can only recommend that anyone still owning USDT get out as soon as they can.
    Someone who lies about the little things will lie about the big things too.

  2. #5802
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Raffe View Post
    MSTR trading around $170 pre pre-market, Coinbase at $53.

    Both still rich in my view, we shall see in 13 minutes when US pre-market opens.
    MSTR $169

    COIN $51.50

    Buckle up.
    Someone who lies about the little things will lie about the big things too.

  3. #5803
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    Quote Originally Posted by Raffe View Post
    Lucky escape.
    looks like I do owe you that pint.


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  4. #5804
    'heading for 0'

    https://watcher.guru/news/celsius-to...ng-withdrawals

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  5. #5805
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    'heading for 0'

    https://watcher.guru/news/celsius-to...ng-withdrawals

    Sent from my Pixel 6 Pro using Tapatalk
    Yes, when the faeces hit the ventilator, crypto bros love fiat. Who would have thunk?
    Someone who lies about the little things will lie about the big things too.

  6. #5806
    'A very important message'

    https://medium.com/p/a-memo-to-the-c...y-59532a06ecc6

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  7. #5807
    Meanwhile

    https://twitter.com/biancoresearch/s...34IDqdjdA&s=19

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  8. #5808
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    Bitcoin was sub 24000 for a minute. Is this the big one? When does Saylor get margin called again...?

  9. #5809
    Grand Master Raffe's Avatar
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    Quote Originally Posted by 744ER View Post
    Bitcoin was sub 24000 for a minute. Is this the big one? When does Saylor get margin called again...?
    Ar around $21k it gets interesting....


    Edit: here it is https://fortune.com/2022/05/04/micha...-call-bitcoin/
    Last edited by Raffe; 13th June 2022 at 10:43. Reason: added link
    Someone who lies about the little things will lie about the big things too.

  10. #5810
    And America has not even woken up yet.

  11. #5811
    Grand Master Raffe's Avatar
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    USDD and USDN stablecoins have lost their pegs. USDT Tether trading at .9960

    Get. Your. Money. Off. The. Exchanges. Now.
    Someone who lies about the little things will lie about the big things too.

  12. #5812
    After what went on with UST/LUNA, what kind of nutter would hold anything on exchanges one month later?

  13. #5813
    Master petethegeek's Avatar
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    Quote Originally Posted by 744ER View Post
    When does Saylor get margin called again...?
    Chill. It's all cool:


  14. #5814
    Master Lammylee's Avatar
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    If the average price to mine a Bitcoin is $25,000 dollars how does this work?


  15. #5815
    Quote Originally Posted by Lammylee View Post
    If the average price to mine a Bitcoin is $25,000 dollars how does this work?

    People buy rather than mining. Miners shut down less efficient machines; difficulty reduces and the cost to mine goes down accordingly.

  16. #5816
    Grand Master Raffe's Avatar
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    The turds are being flushed: MSTR $153, COIN $49.50, Argo 37p

    Only another 100% to go.
    Someone who lies about the little things will lie about the big things too.

  17. #5817
    Grand Master RustyBin5's Avatar
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    And Bitcoin down another 3%. That’s 13% today

  18. #5818
    Master Lammylee's Avatar
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    Quote Originally Posted by tertius View Post
    People buy rather than mining. Miners shut down less efficient machines; difficulty reduces and the cost to mine goes down accordingly.
    Thank you for the explanation

  19. #5819
    Grand Master Raffe's Avatar
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    Elsewhere, Spanish and Italian 5 year yields are going parabolic and Turkey's sovereign bonds are priced for default.

    And it's only Monday, with FOMC meeting Tuesday/Wednesday and triple witching option expiry on Friday.
    Someone who lies about the little things will lie about the big things too.

  20. #5820
    The market is doing the central banks job for them.

  21. #5821
    Grand Master Raffe's Avatar
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    Probably nothing.

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

  22. #5822
    Grand Master Raffe's Avatar
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    Thoughts and prayers.
    Someone who lies about the little things will lie about the big things too.

  23. #5823
    Quote Originally Posted by Raffe View Post
    MSTR trading around $170 pre pre-market, Coinbase at $53.

    Both still rich in my view, we shall see in 13 minutes when US pre-market opens.
    Quote Originally Posted by Raffe View Post



    Thoughts and prayers.
    Surely Saylor should be borrowing billions from the bond markets to buy Bitcoin whilst it’s ‘massively on sale’ , it’s a once in a lifetime opportunity before it goes to the moon!

  24. #5824
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    Not gonna lie, bought me some bitcoin :-)

    (No issues withdrawing on Kraken)

  25. #5825
    Not bottomed yet imo

    Sent from my Pixel 6 Pro using Tapatalk

  26. #5826
    Grand Master Raffe's Avatar
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    Binance just said that withdrawals are open again, after three and a half hours of disabling them due to a "blocked transaction". Get it out while you still can.
    Someone who lies about the little things will lie about the big things too.

  27. #5827
    Warning!

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  28. #5828
    Quote Originally Posted by Daveya. View Post
    Warning!

    Sent from my Pixel 6 Pro using Tapatalk
    He is a cheeky fooker. Won’t be lectured by a fookwitt who’s only job is to keep inflation at 2%

    It is the BoE that will destroy your money.

  29. #5829
    Grand Master Raffe's Avatar
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    Quote Originally Posted by noTAGlove View Post
    He is a cheeky fooker. Won’t be lectured by a fookwitt who’s only job is to keep inflation at 2%

    It is the BoE that will destroy your money.
    Lolz.

    Bitcoin fixes this, apparently.
    Someone who lies about the little things will lie about the big things too.

  30. #5830
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    No intrinsic value??

    I can’t believe no one has mentioned this before!

  31. #5831
    MSTR only down 25% result for Saylor

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  32. #5832
    Grand Master Raffe's Avatar
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    New profile photo. Stunning_

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

  33. #5833
    Grand Master Raffe's Avatar
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    Quote Originally Posted by demonloop View Post
    No intrinsic value??

    I can’t believe no one has mentioned this before!
    Someone who lies about the little things will lie about the big things too.

  34. #5834
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    MSTR only down 25% result for Saylor

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    Bitcoin dipped below 21,000 overnight, before recovering. The damage to the balance sheet has been done.

    I wonder when the board will take action.
    Someone who lies about the little things will lie about the big things too.

  35. #5835
    Grand Master Raffe's Avatar
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    The story of Celsius, the lender in the eye of the current ETH storm:

    https://twitter.com/jonwu_/status/1536476104986267648
    Someone who lies about the little things will lie about the big things too.

  36. #5836
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    Quote Originally Posted by Raffe View Post
    The story of Celsius, the lender in the eye of the current ETH storm:

    https://twitter.com/jonwu_/status/1536476104986267648
    Blimey. I certainly can’t pretend I understand all of that but… I get the gist. Ouch

  37. #5837
    Grand Master ryanb741's Avatar
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    But Lambos.....

  38. #5838
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    Quote Originally Posted by ryanb741 View Post
    But Lambos.....
    When zero?

  39. #5839
    The level of leverage in crypto is still astonishing, 100s of 1000s of small investors seemingly put their house and shirt in

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  40. #5840
    I thought Bitcoin was meant to be a store of value and an inflation hedge?

    All it seems to do is follow the NASDAQ, but in the extreme. Until it breaks that link I can’t see it going anywhere.

  41. #5841
    Grand Master Raffe's Avatar
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    Check this promotional video from Celsius. The financial revolution is when you unbank yourself and then you too can borrow at 1% and invest at 15% - and it also makes your children better people, apparently.

    Sorry, but those idiots deserve every bit of the misery that is happening to them.



    Oh, and if you are interested after watching this: Celsius has only stopped withdrawals, they are still accepting deposits:

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

  42. #5842
    They have to allow deposits to allow margin calls on loans or something

    Meanwhile coinbase shedding 20% of its staff

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  43. #5843
    I'm happy I've got my dwindling investments ( haha ) in a Ledger perfectly safe, can reduce to nothing in there at least won't get scammed

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  44. #5844
    Tether 24hr volume

    100 billion

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  45. #5845
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    They have to allow deposits to allow margin calls on loans or something

    Meanwhile coinbase shedding 20% of its staff

    Sent from my Pixel 6 Pro using Tapatalk
    Hey, we like facts at TZ-UK. They are only firing 18% of their staff, not 20% (obvs on top of the hundreds of rescinded job offers from last week).

    https://blog.coinbase.com/a-message-...g-578d76eedb12
    Someone who lies about the little things will lie about the big things too.

  46. #5846
    Yeah I rounded up for the drama

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  47. #5847
    Quote Originally Posted by noTAGlove View Post
    I thought Bitcoin was meant to be a store of value and an inflation hedge?

    All it seems to do is follow the NASDAQ, but in the extreme. Until it breaks that link I can’t see it going anywhere.
    I thought this would be an easy one for the crypto bulls to comment on. But maybe not.

    Bitcoin and NASDAQ are in total harmony this morning. Feels like Bitcoin is just a derivative of the NASDAQ, rather than offering inflation protection or store of value.

    Genuinely interested to understand what I am missing. Maybe a crypto bull can enlighten me?

  48. #5848
    Grand Master Raffe's Avatar
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    Someone who lies about the little things will lie about the big things too.

  49. #5849
    Grand Master wileeeeeey's Avatar
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    Quote Originally Posted by Raffe View Post
    Check this promotional video from Celsius. The financial revolution is when you unbank yourself and then you too can borrow at 1% and invest at 15% - and it also makes your children better people, apparently.

    Sorry, but those idiots deserve every bit of the misery that is happening to them.



    Oh, and if you are interested after watching this: Celsius has only stopped withdrawals, they are still accepting deposits:


  50. #5850
    Grand Master Raffe's Avatar
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    Just bought bitcoin at $22,600
    Someone who lies about the little things will lie about the big things too.

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