Bitcoins - about to hit $5,000 per coin today!

[gib]

The problem is this...you see what they are willing to do to protect a couple hedge funds. Imagine what they would do to protect their whole game.

It's a larger barrier than just adoption and increased market cap.

Fed Reserve could be holding a whale position in BTC, nobody knows. They have bought into almost every asset class in order to "stabilize" it....AKA assert control.

You can be sure most major governments are quietly accumulating Bitcoin. Both nefarious ones, like North Korea and Russia, and other dictatorial regimes such as China, but also major world players such as China. Whether its their central banks doing it is another question. It could be via sovereign wealth funds, Government pension funds, or also more secretive arms associated with national security. But of course its happening.

[Mayday]

Wonder if the whole gamespot/robinhood debacle is causing this rise today?

People sick of seeing Wallstreet getting saved while the little guy gets killed.

Could be the catalyst that starts bringing more people into decentralized crypto?

Nope, it isn’t doing anything out of the ordinary today.

It didn’t even make the resistance line before it got rejected. Nothing has changed but I wouldn’t be surprised if social media glass going bananas with theories that BTC was blowing upwards via Robinhood.

[Bindare_Dundat]

Nope, it isn’t doing anything out of the ordinary today.

It didn’t even make the resistance line before it got rejected. Nothing has changed but I wouldn’t be surprised if social media glass going bananas with theories that BTC was blowing upwards via Robinhood.

Wouldn't say it was going bananas but there was some suggestions that it could draw more peoples interest into crypto.

[Mayday]

Holy shit I just watched that ramp live LOL

32.2k to 38k in minutes.

Shorts just got wrecked!

[gib]

Fuck Yellen and the Bank of England. Papa Satoshi and the Redditers (and Getbiggers, except for Mr Anabolic) gonna take care things and teach these old fuddy duddies a lesson.

... just as I predicted...

[gib]

Not sure. Lets see if it establishes a support level at 30K. Some solid stability there may provide a good platform for the next climb.

Expect lots of volatility next 3-4 days. The calm before the storm...

And again, just as I predicted...

[Mayday]

... just as I predicted...

Don’t celebrate yet...... lol

This isn’t gamespot short positions they are playing with. These pumpers can’t even buy a full coin.....

I’ve seen 20% get wiped off in under 60 seconds before. Big holders can crush anybody they want. There have been several sledgehammers drop already.

[Bindare_Dundat]

Holy shit I just watched that ramp live LOL

32.2k to 38k in minutes.

Shorts just got wrecked!

Saw that too. Brutal.
Heading back down.

I cant watch....lol

[gib]

Don’t celebrate yet...... lol

This isn’t gamespot short positions they are playing with. These pumpers can’t even buy a full coin.....

I’ve seen 20% get wiped off in under 60 seconds before. Big holders can crush anybody they want. There have been several sledgehammers drop already.

Big holders are accumulating and long term Hodl. Why would they want to sell? But yes, I guess if there was a huge holder, and they sold their entire holding that would have an effect. To put into perspective, 100 Billion BTC trades per day, So even a USD 1,000,000,000 sale would amount to just 1% of a typical day's trading. So it would have to be one hell of a sale (and that assumes also assumes zero offset by an equally large buy orders that would equalize the price).

[Army of One]

Wonder if the whole gamespot/robinhood debacle is causing this rise today?

this caused the rise today, worlds richest man decided to back bitcoin publicly, put it in his twitter bio, pumped immediately after.

[Army of One]

And again, just as I predicted...

get on my level   

Everyone wants it to go that low to buy in, which is exactly why it wont. Max lowest 26k, more likely 28-29k is the bottom.If TA worked all the time then every trader would be a billionaire, rather than 97% failing miserably, TA is useful when combined with FA and a general feel for the emotions of the market. Word of advice, if only 2 trading errors mean youd be much further ahead, that means your risk tolerance is way too high, and you will fail long term, dial it back.

[gib]

this caused the rise today, worlds richest man decided to back bitcoin publicly, put it in his twitter bio, pumped immediately after.

Damn, so Papa Musk is officially on board. Now watch all the Tesla fanboys follow suit.

Oh, and I wonder how Papa Anabolic is doing these days...

[gib]

This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.

[Bindare_Dundat]

This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.

This has been an epic few days. just insane.

[Army of One]

This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.

^^This

[Mayday]

Big holders are accumulating and long term Hodl. Why would they want to sell? But yes, I guess if there was a huge holder, and they sold their entire holding that would have an effect. To put into perspective, 100 Billion BTC trades per day, So even a USD 1,000,000,000 sale would amount to just 1% of a typical day's trading. So it would have to be one hell of a sale (and that assumes also assumes zero offset by an equally large buy orders that would equalize the price).

Huh?

You are saying the charts are fake?

[gib]

Which charts?

[Theoak*]

Oh, and I wonder how Papa Anabolic is doing these days...

He is fine, uses his other handle these  days "SOMEPARTS"

[DooM_]

Ex-Goldman Sachs CEO Issues Serious Bitcoin Warning

Bitcoin has exploded into 2021, demanding the attention of Wall Street and regulators alike.

The bitcoin price broke fresh ground for the first time in three years last month, roaring to over $40,000 per bitcoin before falling back slightly (even as smaller cryptocurrencies continue to climb).

Now, as the bitcoin price struggles to hold above $30,000 per bitcoin, former Goldman Sachs chief executive Lloyd Blankfein has warned that regulators could move against bitcoin if it continues to grow.

"If I were a regulator ... I would be kind of hyperventilating at the success of [bitcoin] at the moment and I'd be arming myself to deal with it," Blankfein told CNBC this week, warning against bitcoin as either a medium of exchange or as a store of value due to bitcoin's semi-anonymous nature and its wild price swings.

"You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard," Blankfein said, adding bitcoin's regular 10% daily moves make "the store of value element a little bit tough."

Bitcoin soared to highs of $42,000 earlier this month but dropped under $30,000 yesterday amid fears the bitcoin bubble could be about to burst.

Blankfein also echoed concerns raised earlier this month by new U.S. Treasury secretary and former chair of the Federal Reserve Janet Yellen, who warned illicit bitcoin and cryptocurrency use is "a particular concern."

"I think many [cryptocurrencies] are used, at least in transactions sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels," Yellen told the Senate Finance Committee.

Many in the bitcoin and cryptocurrency community hit back at Yellen's claims, arguing illicit transactions make up only a tiny percentage of bitcoin and cryptocurrency use.

However, as bitcoin and crypto popularity grows, regulators may find themselves under pressure to act, according to Blankfein.

“At the end of the day, if [bitcoin] ever got big enough to be substantial and a real medium of exchange, how could the regulators, so focused as they are on anti-money laundering" not step in. "Do we want that to work out well over the long term," Blankfein asked.Despite his warnings, Blankfein does see a route to success for bitcoin, but thinks it will mean trade-offs will have to be made.

"[Bitcoin] could be workable but [regulations] will undermine the freedom and liberty and kind of lack of transparency that people like about it in the first place so that’s the conundrum that bitcoin will have to deal itself out," he said.

Bitcoin's strong start to the year means institutional investors are increasingly looking at cryptocurrencies, suggesting we're likely to hear more about bitcoin from Wall Street and regulators in coming months.

"We entered a new bull market when bitcoin punched through the $20,000 high seen in 2017, sending a signal that institutional investors and big hedge funds are willing to wager that crypto is a real asset," Kay Van Petersen, global macro strategist at Saxo Bank, said in emailed comments.

"It’s still early days for crypto, with the only certainty being volatility and plenty of divergent views on the space, as well as the overhang of regulatory risk."



https://www.forbes.com/sites/billybambrough/2021/01/28/ex-goldman-sachs-ceo-issues-stark-bitcoin-warning-as-price-suddenly-dips-under-30000/?sh=22adae00b5af

[Bindare_Dundat]

Ex-Goldman Sachs CEO Issues Serious Bitcoin Warning

Bitcoin has exploded into 2021, demanding the attention of Wall Street and regulators alike.

The bitcoin price broke fresh ground for the first time in three years last month, roaring to over $40,000 per bitcoin before falling back slightly (even as smaller cryptocurrencies continue to climb).

Now, as the bitcoin price struggles to hold above $30,000 per bitcoin, former Goldman Sachs chief executive Lloyd Blankfein has warned that regulators could move against bitcoin if it continues to grow.

"If I were a regulator ... I would be kind of hyperventilating at the success of [bitcoin] at the moment and I'd be arming myself to deal with it," Blankfein told CNBC this week, warning against bitcoin as either a medium of exchange or as a store of value due to bitcoin's semi-anonymous nature and its wild price swings.

"You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard," Blankfein said, adding bitcoin's regular 10% daily moves make "the store of value element a little bit tough."

Bitcoin soared to highs of $42,000 earlier this month but dropped under $30,000 yesterday amid fears the bitcoin bubble could be about to burst.

Blankfein also echoed concerns raised earlier this month by new U.S. Treasury secretary and former chair of the Federal Reserve Janet Yellen, who warned illicit bitcoin and cryptocurrency use is "a particular concern."

"I think many [cryptocurrencies] are used, at least in transactions sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels," Yellen told the Senate Finance Committee.

Many in the bitcoin and cryptocurrency community hit back at Yellen's claims, arguing illicit transactions make up only a tiny percentage of bitcoin and cryptocurrency use.

However, as bitcoin and crypto popularity grows, regulators may find themselves under pressure to act, according to Blankfein.

“At the end of the day, if [bitcoin] ever got big enough to be substantial and a real medium of exchange, how could the regulators, so focused as they are on anti-money laundering" not step in. "Do we want that to work out well over the long term," Blankfein asked.Despite his warnings, Blankfein does see a route to success for bitcoin, but thinks it will mean trade-offs will have to be made.

"[Bitcoin] could be workable but [regulations] will undermine the freedom and liberty and kind of lack of transparency that people like about it in the first place so that’s the conundrum that bitcoin will have to deal itself out," he said.

Bitcoin's strong start to the year means institutional investors are increasingly looking at cryptocurrencies, suggesting we're likely to hear more about bitcoin from Wall Street and regulators in coming months.

"We entered a new bull market when bitcoin punched through the $20,000 high seen in 2017, sending a signal that institutional investors and big hedge funds are willing to wager that crypto is a real asset," Kay Van Petersen, global macro strategist at Saxo Bank, said in emailed comments.

"It’s still early days for crypto, with the only certainty being volatility and plenty of divergent views on the space, as well as the overhang of regulatory risk."



https://www.forbes.com/sites/billybambrough/2021/01/28/ex-goldman-sachs-ceo-issues-stark-bitcoin-warning-as-price-suddenly-dips-under-30000/?sh=22adae00b5af

Little worm

[DooM_]

Little worm

it gives good insight into what these elites are thinking . . . the big banks and investment firms will be lobbying hard with yellen and others from the same circle of friends to  '' do something '' if anything starts to challenge them . . .

[DooM_]

and it begins . . .

‘Suspect confesses to aiding ISIS via bitcoin’

Counter Terrorism Department (CTD) DIG Omar Shahid Hamid has written a letter to the Sindh IGP, informing him that a man, identified as Omar Shahid Hamid, arrested on charges of terror financing had confessed to transferring funds to four women in Syria through bitcoin to facilitate Islamic State of Iraq and the Levant (ISIS), it emerged on Thursday.

According to the letter, the four women receiving funds in Syria belong to Lahore and are working for ISIS.

The DIG has stated in the letter that a man based in the United Kingdom (UK) is also a part of the terror financing network and has been transferring bitcoin currency to the women.

The DIG has apprised the IGP of the need for seeking mutual legal assistance are corresponding with the governments of Syria and the UK, so that the matter can be further investigated.

Published in The Express Tribune, January 29th, 2021.

https://tribune.com.pk/story/2281773/suspect-confesses-to-aiding-isis-via-bitcoin

[FitnessFrenzy]

$ 37,924.87

[SOMEPARTS]

He is fine, uses his other handle these  days "SOMEPARTS"

Nope. Feel free to contact Chaos or any mod to confirm.

[SOMEPARTS]

This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.

This is all very interesting. One can hope.

But...the potential for ruin is huge if they crack down. Not even Musk can compete with the "vampire squids" like Goldman Sachs.

I wonder what percentage of people on Reddit and Robbing Hood thought it was fine to de-platform free speech last month?