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Thread: Bitcoin....who's gotten into it?
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06-20-2022, 05:37 PM #10001
^thanks for posting that
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06-20-2022, 10:13 PM #10002
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06-21-2022, 10:02 AM #10003
Having dumped NVDA and COIN at the right time, I can now throw small change at BITI, BTC Short ETF
https://www.coindesk.com/business/20...-list-on-nyse/Originally Posted by blurred
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06-21-2022, 10:12 AM #10004
I guess you're allowed to have an opinion than
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06-21-2022, 11:18 AM #10005
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06-21-2022, 11:56 AM #10006
byates, what's your opinion on the CEL short squeeze?
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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06-21-2022, 01:55 PM #10007
^ unaware. From what little I've seen sounds like Celsius is done? Just a matter or time.
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06-21-2022, 01:59 PM #10008
Hopefully Celsius is not done! I have funds there. They are paying down loans every day, reducing exposure to liquidation. Anyway, there are a lot of shorts on FTX and low liquidity due to low number of tokens, so the squeeze is on, mob trying to buy spot and remove to cold storage. GME shenanigans (naked shorting) shouldn't be possible, but I dunno. I'm not involved with it, just watching.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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06-21-2022, 02:29 PM #10009
From what I’ve seen on twitter #CELshortsqueeze, the celians are optimistic they can fight off the shorts but there’s an undercurrent of ‘let’s pull together and get cel solvent enough at least temporarily so that we can withdraw our money & GTFO’.
Know of a pair of Fischer Ranger 107Ti 189s (new or used) for sale? PM me.
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06-21-2022, 02:40 PM #10010
yes
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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06-21-2022, 03:26 PM #10011
What’s the difference between an attack (sell) and an engineered short squeeze (buy)? Both seem nefarious but that’s what makes a market .
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06-21-2022, 03:28 PM #10012
Well the shorts started it, and I despise shorts. So I call the squeeze fighting fire with fire.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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06-21-2022, 03:37 PM #10013
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06-21-2022, 03:58 PM #10014
Celsius became vulnerable through a concerted scheme to generate fud by competing parties. I saw it with my own eyes on twitter. Created a bank run. You can't have liquidity and yield simultaneously, they are contradictory. That's the vulnerability.
Don't you think so?
Well maybe you are just talking about the shorted token...not the whole drama.Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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06-21-2022, 04:00 PM #10015
Update on this.
https://www.youtube.com/watch?v=p-X-mIuDYFw
https://twitter.com/Schuldensuehner/...IlWdPQhmQ&s=19
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06-21-2022, 04:07 PM #10016
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06-21-2022, 04:36 PM #10017
It was a feature before it was a bug though
meanwhile..,,,,
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06-21-2022, 04:44 PM #10018
Yep, being foundationally over leveraged and unstable is a failure of basic fiduciary duty.
Question: if this is nefarious, doesn't that make the similar attacks on that hedge fund with GME nefarious?
Or is it only nefarious when it doesn't fit the narrative?
This is how cutthroat financial trading works, especially in momentum models.
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06-21-2022, 04:55 PM #10019
Bitcoin....who's gotten into it?
Because it’s wreckable
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06-21-2022, 05:48 PM #10020
All this exchange hypothecation and degenerate trading firm leverage is making a great case for BTC's long-term value proposition. It's the ultimate digital bearer instrument. No trust required.
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06-21-2022, 05:53 PM #10021
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06-21-2022, 09:22 PM #10022
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06-21-2022, 09:59 PM #10023
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06-21-2022, 10:00 PM #10024
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06-21-2022, 10:32 PM #10025
Now that the word is out that bankman-fried is white knighting it becomes a target to see how deep he’ll dig.
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