Bitcoin....who's gotten into it?

[4matic]

The silicon crypto slovenly slob fashion is definitely out. I’m guessing jacket over t-shirt at a minimum.

[bennymac]

and contagion is spreading to the Winklevoss twins:

Crypto’s largest lending business Genesis is suspending redemptions and new loans in wake of the FTX collapse

This morning, Genesis' interim CEO-- Genesis is a prime broker of institutional trading in the crypto markets-- he told clients that it's temporary freezing its $2.8 billion lending business. And this is sort of crypto's largest lending business. And the announcement immediately created ripple effects. Gemini, the crypto exchange, has also paused its earn lending service, which is sort of the crypto exchange's own version of lending for customers.

https://ca.finance.yahoo.com/video/c...4zZ42Jh3E4AuLB

[skaredshtles]

[Core Shot]

GOX?

What a mountain of shite.

Never heard of SBF. Until the meltdown.
Then I watched a few interviews and my reaction was WTF?
I wouldn’t hand him my car keys.
Who trusted this fat ass douchebag?

It seems like a setup.
Something ain’t right.

[J. Barron DeJong]

I’m going to assume that the reason Bitcoin is hovering around $16,500 is because a bunch of BTC humping sheeple read this article a few days ago and spread the rumor to make it truth:



https://cryptonews.com/exclusives/wh...s-time-dca.htm

It’s all vibes.

[garyfromterrace]

I’m going to assume that the reason Bitcoin is hovering around $16,500 is because a bunch of BTC humping sheeple read this article a few days ago and spread the rumor to make it truth:



https://cryptonews.com/exclusives/wh...s-time-dca.htm

It’s all vibes.

Sooo If a transfer price is based on market prices in charging another division, subsidiary, or holding company for services rendered, then I guess everything is OK in cryptoland. Sleep well hodlers and day traders alike!

Jesus, is this the house of cards falling at last? So, I'm a bit of a dumb fuck. It seems though, that all sorts of folks are lending actual money based on valuations of a hypothetical currency (one that has no tangible value, but somehow is worth something because you "mine" it by doing calculations). So, um yeah this will likely end well. Sorry for you folks that got scammed, and for those who made some dough off the backs of people late into the game - well good on ya I guess.

[byates1]

Keep in mind this has nothing to do w the BTC network.

It'll fall to 12 and go to 100. I'd suggest buying closer to 12.

[SumJongGuy]

For those still "all in"...

[MashedPotatoes]

I'd suggest not buying shitcoin at all but that's just me.

[Dexter Rutecki]

Keep in mind this has nothing to do w the BTC network.

It'll fall to 12 and go to 100. I'd suggest buying closer to 12.

12 and how many cents? Think I'd still be short at $12.00. No way it goes back up to $100, dead cat bounce or not.

Get out while you can, hodlers. Probably last chance before the inevitable.

[SumJongGuy]

It's deader than the Monty Python parrot

[Dexter Rutecki]

I’m going to assume that the reason Bitcoin is hovering around $16,500 is because a bunch of BTC humping sheeple read this article a few days ago and spread the rumor to make it truth:



https://cryptonews.com/exclusives/wh...s-time-dca.htm

It’s all vibes.

Jfc, the fact that people buy into all this shit is kind of depressing. How do ponzis keep working?

[bennymac]

Keep in mind this has nothing to do w the BTC network.

It'll fall to 12 and go to 100. I'd suggest buying closer to 12.

How much of bitcoins all time high value was off of these houses of cards built on top of other houses of cards?

And as these houses burn to the ground what replaces them to bring BTC up to your projected 100.

[Dexter Rutecki]

HE BELIEVES

Damn, man, this is about faith and you haven't got any!! (Pretty sure that's been obvious almost since this thread started.)

[Dexter Rutecki]

OTOH, to this point the supply of greater fools has been seemingly unlimited, so maybe it does go up again before full and final deflation occurs.

[neufox47]

I’m going to assume that the reason Bitcoin is hovering around $16,500 is because a bunch of BTC humping sheeple read this article a few days ago and spread the rumor to make it truth:



https://cryptonews.com/exclusives/wh...s-time-dca.htm

It’s all vibes.

This is just shear brilliance, Nobel prize for economics incoming.

The former situation means there are still in-profit players that could exit their positions and drive down the market, whereas the latter indicates selling activity is likely to be minimal — since few holders want to sell at a loss.

Don’t worry holders, no one will sell if they are underwater. Line go up!

[byates1]

.5-1% of sovereign wealth funds. .5-1% of wall st. Trillions of dollars.

20M BTC w a 10T market cap=500k per BTC. We've been over this time and time again.

Have an opinion or don't. Who cares.

[bennymac]

to be clear I own BTC. I've made money off BTC.

I do not believe it will usher in new prosperity for the poor people of central america. I do not believe it will bring on a green energy revolution. I do think it will be around for the rest of my life - but I don't pretend to know what prices it will reach or what bottoms it will visit.

[bennymac]

Have an opinion or don't. Who cares.

who cares? everyone who posts in this thread on the reg - you and I included

the total market capitalization of digital assets was $736 billion on Nov. 9
Apple's market cap alone is like 2.5 trillion

[byates1]

Time will tell. In 15 yrs I'll be 62. If I'm up big on BTC great. If not, oh well. I'll report back then.

[hatchgreenchile]

"Sovereign wealth funds" and "wall street" have been involved with large crypto players for years, and got burned. The cavalry is not coming.

Having a ~20+ year investment that doesn't work out and trying to pull a "oh well, no biggie"? Whatever you say...

[bennymac]

Time will tell. In 15 yrs I'll be 62. If I'm up big on BTC great. If not, oh well. I'll report back then.

I truly believe you will report back either way. But admit that this would put you in the fringe minority of crypto maxis. Lots of others have all of sudden gotten very very quiet...

[Vt-Freeheel]

Sure, your BIGGEST mistake

https://www.cnbc.com/2022/11/17/ftx-...cy-filing.html

"FTX in a bombshell emergency court filing Thursday said evidence suggests Bahamian regulators directed former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems to obtain digital assets belonging to the company after it had filed for bankruptcy protection.

The filing said that Bankman-Fried transferred those assets to the custody of the Bahamian government. It cites an interview published by Vox on Wednesday where Bankman-Fried expresses serious disdain for regulators.

“F--- regulators,” he said in the interview. “They make everything worse. They don’t protect customers at all.”

“You know what was maybe my biggest single f----p?” he asked. “Chapter 11.”"

[Dexter Rutecki]

Dude needs to go to jail. Along with a bunch of other shitcoin shillers.

[bigdude2468]

Heard former SEC Chief Enforcement Officer Lisa Braganca on CNBC this morning caution that the SEC can only do so much with regulations to fix the issues.

When someone intentionally commits fraud regulations don't work, think Enron & Theranos. She pointed out that many of the Crypto firms are based off shore thereby escaping regulations. Lastly the SEC can't stop people from making investments in unregulated entities.