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Bull market support band is at 49k. Which is 33% from the top.
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Proud Member of Team Ranstad
"Hillary's corruption is corrosive to the soul of our nation." Donald J. Trump, 10/29/2016 |
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BLOODBATH
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Originally Posted By Got_Nukes: I'd be happy to buy a bunch at 49k View Quote View All Quotes View All Quotes |
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I've seen better riots at Walmart on a black Friday - SrBenelli
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Originally Posted By Sebastian_MacMaine: Despite the bloodbath over the last 3 trading days, the ETFs added 1142 on yesterday's report and 5400 on today's. https://i.imgur.com/2y4xrU2.png https://i.imgur.com/siutKsm.png View Quote Another view of it: Attached File GBTC can't bleed forever. |
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"And I never did get my lawnmower back!" - Bandit 6
"On the bright side, the money we saved by not going to Mars in the 1970s, we spent on welfare and public schools." - @MorlockP |
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61k...that's a buying price right?
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https://www.msn.com/en-us/money/markets/coinbase-ceo-says-exchange-infrastructure-needs-upgrades-after-recent-outages/ar-BB1kaQZI
(Bloomberg) -- Coinbase Global Inc. Chief Executive Officer Brian Armstrong said the company will need to pump more money into improving its trading infrastructure after users experienced problems buying and selling as the price of Bitcoin began surging at the end of February. View Quote |
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Originally Posted By Brahmzy: $61,243 View Quote Did I win? |
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Depends on what time Wednesday to make the official call, now, when the etf market opens at 9:30, when the etf market closes, etc but I would say you nailed the low so probably. |
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"No free man shall ever be debarred the use of arms." - Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U.S.
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Originally Posted By Nosler180: Depends on what time Wednesday to make the official call, now, when the etf market opens at 9:30, when the etf market closes, etc but I would say you nailed the low so probably. View Quote View All Quotes View All Quotes Originally Posted By Nosler180: Originally Posted By Brahmzy: Originally Posted By Brahmzy: $61,243 Did I win? Depends on what time Wednesday to make the official call, now, when the etf market opens at 9:30, when the etf market closes, etc but I would say you nailed the low so probably. I would say daily close for BTC at 19:00 EST/00:00 UTC, but that's just me. |
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Originally Posted By Caeser2001: I would say daily close for BTC at 19:00 EST/00:00 UTC, but that's just me. View Quote View All Quotes View All Quotes Originally Posted By Caeser2001: Originally Posted By Nosler180: Originally Posted By Brahmzy: Originally Posted By Brahmzy: $61,243 Did I win? Depends on what time Wednesday to make the official call, now, when the etf market opens at 9:30, when the etf market closes, etc but I would say you nailed the low so probably. I would say daily close for BTC at 19:00 EST/00:00 UTC, but that's just me. Originally Posted By GhettoCowboy: Want to play a game? Since we’re in a period of nice volatility this could be fun. Guess the price Bitcoin will be on Wednesday March 20th at noon EDT. I’ll go first: $78,480. |
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Originally Posted By woodsie: GBTC can't bleed forever. View Quote View All Quotes View All Quotes Just read this: Grayscale’s converted GBTC spot bitcoin exchange-traded fund saw record daily outflows of $642.5 million on Monday — breaking the prior $640.5 million peak set on Jan. 22. The newborn nine ETFs — excluding Grayscale’s converted fund — have amassed nearly 489,000 BTC ($31 billion), with BlackRock’s IBIT reaching almost 250,000 BTC ($16 billion) in AUM alone. In comparison, assets held by Grayscale’s higher fee GBTC fund have fallen by 38% from around 619,000 BTC to 385,665 BTC ($24 billion) in the same period, per BitMEX Research — now holding less than the newborn nine combined. I wonder if the record GBTC bleeding is enough to cause the current dip - seems likely as the ETFs are still buying(but they are slowing down). Seems like this week is a good time to buy more! |
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Originally Posted By Obo2: Originally Posted By Caeser2001: Originally Posted By Nosler180: Originally Posted By Brahmzy: Originally Posted By Brahmzy: $61,243 Did I win? Depends on what time Wednesday to make the official call, now, when the etf market opens at 9:30, when the etf market closes, etc but I would say you nailed the low so probably. I would say daily close for BTC at 19:00 EST/00:00 UTC, but that's just me. Originally Posted By GhettoCowboy: Want to play a game? Since we’re in a period of nice volatility this could be fun. Guess the price Bitcoin will be on Wednesday March 20th at noon EDT. I’ll go first: $78,480. Attached File |
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Originally Posted By Morgan321: Just read this: 22 Jan is when the ETFs previously dipped and I started buying - those positions are still up over 50%. I wonder if the record GBTC bleeding is enough to cause the current dip - seems likely as the ETFs are still buying(but they are slowing down). Seems like this week is a good time to buy more! View Quote View All Quotes View All Quotes Originally Posted By Morgan321: Originally Posted By woodsie: GBTC can't bleed forever. Just read this: Grayscale’s converted GBTC spot bitcoin exchange-traded fund saw record daily outflows of $642.5 million on Monday — breaking the prior $640.5 million peak set on Jan. 22. The newborn nine ETFs — excluding Grayscale’s converted fund — have amassed nearly 489,000 BTC ($31 billion), with BlackRock’s IBIT reaching almost 250,000 BTC ($16 billion) in AUM alone. In comparison, assets held by Grayscale’s higher fee GBTC fund have fallen by 38% from around 619,000 BTC to 385,665 BTC ($24 billion) in the same period, per BitMEX Research — now holding less than the newborn nine combined. I wonder if the record GBTC bleeding is enough to cause the current dip - seems likely as the ETFs are still buying(but they are slowing down). Seems like this week is a good time to buy more! I'm sure we were due for a pre-halving correction no matter what but I'm sure the GBTC bleed is making it worse. The fact that all of the other ETFs are still having net inflows even during this correction tells you a lot about how the strong the market could be after GBTC dies. |
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Originally Posted By woodsie: The fact that all of the other ETFs are still having net inflows even during this correction tells you a lot about how the strong the market could be after GBTC dies. View Quote If you look at the GBTC outflow vs ETF buying, the dip in late-jan and this week both occurred when the net ETF/GBTC demand was lowest. If my match is correct, the halving will reduce the daily supply of bitcoin from around 1000 to about 500 - or about a $30m/day reduction (at $65k per btc). That's not a massive decrease in supply relative to the ETF volumes, but if the GBTC supply slows around the same time the decrease in supply would be much more than a blip. Attached File |
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Originally Posted By mPisi: https://www.ar15.com/media/mediaFiles/13081/1111111111111bufl3hbsebpc1_jpg-3164105.JPG View Quote Here's the 1 month chart. Concern level: zero. |
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I like cars.
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Originally Posted By Nosler180: $65000 on Wednesday since I'm trying to get some fbtc at market opening tomorrow, if I don't get any then $75000. Sure would have been nice to get some over the weekend when btc was at $65000 but no, markets are closed. View Quote $63,600 at noon, I declare you the Bitcoin Oracle of the week sir! |
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Originally Posted By GhettoCowboy: $63,600 at noon, I declare you the Bitcoin Oracle of the week sir! View Quote View All Quotes View All Quotes Originally Posted By GhettoCowboy: Originally Posted By Nosler180: $65000 on Wednesday since I'm trying to get some fbtc at market opening tomorrow, if I don't get any then $75000. Sure would have been nice to get some over the weekend when btc was at $65000 but no, markets are closed. $63,600 at noon, I declare you the Bitcoin Oracle of the week sir! Not really, then I would have known to wait until Wednesday to buy etf shares, could have had about 15 more shares then what I have but that's how my luck goes, so I guessed at what my bad luck would be. Lol. |
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"No free man shall ever be debarred the use of arms." - Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U.S.
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Originally Posted By GhettoCowboy: $63,600 at noon, I declare you the Bitcoin Oracle of the week sir! View Quote View All Quotes View All Quotes Originally Posted By GhettoCowboy: Originally Posted By Nosler180: $65000 on Wednesday since I'm trying to get some fbtc at market opening tomorrow, if I don't get any then $75000. Sure would have been nice to get some over the weekend when btc was at $65000 but no, markets are closed. $63,600 at noon, I declare you the Bitcoin Oracle of the week sir! Dude! Now get your own Twitter feed and ststaT telling everyone that you know how it's going to play out! |
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Was never able to successfully link a bank account last time I messed with Coinbase a couple of years ago. That is resolved. Throwing $100 in to have some skin in the BTC game in addition to my FBTC.
This will motivate me to learn about what wallet to use and cold storage. I plan to go heavier into BTC eventually. I believe it’s definitely here to stay and have for a while. |
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Originally Posted By bkpkr: Was never able to successfully link a bank account last time I messed with Coinbase a couple of years ago. That is resolved. Throwing $100 in to have some skin in the BTC game in addition to my FBTC. This will motivate me to learn about what wallet to use and cold storage. I plan to go heavier into BTC eventually. I believe it’s definitely here to stay and have for a while. View Quote Congrats! Welcome aboard. Once you've been Orange pilled, there's no going back. |
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Originally Posted By bkpkr: Was never able to successfully link a bank account last time I messed with Coinbase a couple of years ago. That is resolved. Throwing $100 in to have some skin in the BTC game in addition to my FBTC. This will motivate me to learn about what wallet to use and cold storage. I plan to go heavier into BTC eventually. I believe it’s definitely here to stay and have for a while. View Quote Did you end up using plaid to link your account? Which exchanges/marketplace can I use that don't need to? Tried the micro transactions but that didn't seem to work. |
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Originally Posted By Ender875: Did you end up using plaid to link your account? Which exchanges/marketplace can I use that don't need to? Tried the micro transactions but that didn't seem to work. View Quote View All Quotes View All Quotes Originally Posted By Ender875: Originally Posted By bkpkr: Was never able to successfully link a bank account last time I messed with Coinbase a couple of years ago. That is resolved. Throwing $100 in to have some skin in the BTC game in addition to my FBTC. This will motivate me to learn about what wallet to use and cold storage. I plan to go heavier into BTC eventually. I believe it’s definitely here to stay and have for a while. Did you end up using plaid to link your account? Which exchanges/marketplace can I use that don't need to? Tried the micro transactions but that didn't seem to work. Yeah, went through plaid. It never would work for whatever reason in the past. No idea about anything beyond that. |
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Is putting everything you have in Bitcoin a good way to keep your assets from being seized ( whether from lawsuits or garnishments for example)?
As long as you don't reveal your keys, it can't be seized right? |
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How'd that work out for the founder of the silk road?
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Originally Posted By JG_Wentworth: Is putting everything you have in Bitcoin a good way to keep your assets from being seized ( whether from lawsuits or garnishments for example)? As long as you don't reveal your keys, it can't be seized right? View Quote sure but if you are being looked a tthat hard you won't be able to get them out to fiat, sure you could find folks who will accept btc as payment for other shit... |
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Originally Posted By JG_Wentworth: Is putting everything you have in Bitcoin a good way to keep your assets from being seized ( whether from lawsuits or garnishments for example)? As long as you don't reveal your keys, it can't be seized right? View Quote I’m not an attorney and you should definitely consult with one. But, assets can be tracked via on-ramps and off-ramps. Once discovered, a court can compel you to give up your passwords/passphrases. Besides, in any legal proceeding, you will have to complete a financial disclosure where you will have a choice to list everything or lie to the court. Unless you have a stash of pirate treasure and access to a black market exchange, the chances of staying anonymous are slim. They don’t call it a public ledger for nothing. |
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"You come to Bitcoin for the greed, you stay for the revolution".
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Originally Posted By goloud: I’m not an attorney and you should definitely consult with one. But, assets can be tracked via on-ramps and off-ramps. Once discovered, a court can compel you to give up your passwords/passphrases. Besides, in any legal proceeding, you will have to complete a financial disclosure where you will have a choice to list everything or lie to the court. Unless you have a stash of pirate treasure and access to a black market exchange, the chances of staying anonymous are slim. They don’t call it a public ledger for nothing. View Quote View All Quotes View All Quotes Originally Posted By goloud: Originally Posted By JG_Wentworth: Is putting everything you have in Bitcoin a good way to keep your assets from being seized ( whether from lawsuits or garnishments for example)? As long as you don't reveal your keys, it can't be seized right? I’m not an attorney and you should definitely consult with one. But, assets can be tracked via on-ramps and off-ramps. Once discovered, a court can compel you to give up your passwords/passphrases. Besides, in any legal proceeding, you will have to complete a financial disclosure where you will have a choice to list everything or lie to the court. Unless you have a stash of pirate treasure and access to a black market exchange, the chances of staying anonymous are slim. They don’t call it a public ledger for nothing. I've heard of mixing services that kind of mix your crypto in the ledger. Or privacy cryptos like monero. Do those work? |
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Originally Posted By JG_Wentworth: I've heard of mixing services that kind of mix your crypto in the ledger. Or privacy cryptos like monero. Do those work? View Quote In theory. Yes, they “work”. Keep in mind you are trusting a third party to split up your bitcoin and send it to multiple addresses. Some of these services are on the OFAC sanctions list. And even if you somehow are ok with all of that, mixed bitcoin can be flagged as suspicious by some exchanges. The cure is worse than the disease. Get a lawyer. Discuss legal ways to protect your assets. |
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"You come to Bitcoin for the greed, you stay for the revolution".
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Up $1,400 in the last 1/2 hour.
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If anyone needed more BTC, hopefully you bought the dip!
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It's getting sad when shitcoins and bitcoin are the only positive gains in my portfolio
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Good optimistic episode if you have an hour to kill:
Bitcoin ETFs Have Changed the Game with Nik Bhatia |
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"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it."
-- Thomas Paine, "filthy little atheist" |
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Originally Posted By STJ: Fail last buy was at 70k, then it dropped. moved some $ to buy at 60k and the it jumps to 67k before I can execute. View Quote View All Quotes View All Quotes Originally Posted By STJ: Originally Posted By newglockster: If anyone needed more BTC, hopefully you bought the dip! last buy was at 70k, then it dropped. moved some $ to buy at 60k and the it jumps to 67k before I can execute. It's fun to annoy people with telling them my last bitcoin cost 3KWh. |
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Originally Posted By SuperHeavy: It's fun to annoy people with telling them my last bitcoin cost 3KWh. View Quote View All Quotes View All Quotes Originally Posted By SuperHeavy: Originally Posted By STJ: Originally Posted By newglockster: If anyone needed more BTC, hopefully you bought the dip! last buy was at 70k, then it dropped. moved some $ to buy at 60k and the it jumps to 67k before I can execute. It's fun to annoy people with telling them my last bitcoin cost 3KWh. |
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Originally Posted By STJ: Fail last buy was at 70k, then it dropped. moved some $ to buy at 60k and the it jumps to 67k before I can execute. View Quote View All Quotes View All Quotes Originally Posted By STJ: Originally Posted By newglockster: If anyone needed more BTC, hopefully you bought the dip! last buy was at 70k, then it dropped. moved some $ to buy at 60k and the it jumps to 67k before I can execute. Sold a bunch of silver today to buy bitcoin. Now the price jumped. |
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Proud Member of Team Ranstad
"Hillary's corruption is corrosive to the soul of our nation." Donald J. Trump, 10/29/2016 |
Originally Posted By Morgan321: If my match is correct, the halving will reduce the daily supply of bitcoin from around 1000 to about 500 View Quote View All Quotes View All Quotes Originally Posted By Morgan321: If my match is correct, the halving will reduce the daily supply of bitcoin from around 1000 to about 500 900 to 450. It's just math. 6*24*reward. Reward went 50->25->12.5->6.25->3.125 Originally Posted By JG_Wentworth: Is putting everything you have in Bitcoin a good way to keep your assets from being seized ( whether from lawsuits or garnishments for example)? As long as you don't reveal your keys, it can't be seized right? True as far as it goes. As Goloud noted, courts can hold you in jail for contempt until you disgorge your keys. There have been men held for years behind bars because their ex-wives claimed in divorce proceedings that the men were hiding assets in secret accounts, which may or may not have been true. Originally Posted By Ender875: How'd that work out for the founder of the silk road? The FBI literally watched and waited until he was using his laptop in a library and rushed him and took the laptop away before he could shut it down. It's unlikely that someone in the middle of a divorce or bankruptcy would be subjected to that much effort by the feds. Originally Posted By JG_Wentworth: I've heard of mixing services that kind of mix your crypto in the ledger. Or privacy cryptos like monero. Do those work? Mixers mix your legitimately acquired BTC with that of drug dealers, exchange hackers, terrorists, and other 12yos who want "privacy". Monero has been slowly dying because most people don't care that much about hiding assets or evading taxes. I've read that unless both you and the other party do everything correctly, secrecy isn't as perfect as is asssumed. |
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Originally Posted By Sebastian_MacMaine: Monero has been slowly dying because most people don't care that much about hiding assets or evading taxes. I've read that unless both you and the other party do everything correctly, secrecy isn't as perfect as is asssumed. View Quote Yeah, it's one of those things that's a great idea, in principle....but, in practice, the folks who'd really get the most of out using it...tend to be rich enough that they don't really need to use it, or have other (simpler, more straightforward) ways of moving money. The number of folks who: 1) Have the money to make it worthwhile. 2) Have a need for (kinda) anonymity. 3) Need to move money in quantity. and 4) Don't have national intelligence/police/financial crime agencies (who have a couple of ways around the technical anonymity of the cryptcoin...often not involving the coin itself) observing them. ....is a pretty thin market, and likely not enough oomph to make Monero (and, apparently, TRON, which has been linked to Hezbollah and Hamas funding) a bigger thing. |
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