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

[DooM_]

Any client who asks their adviser about buying Bitcoin should be asked, in return, how they would feel about funding ISIS. Indeed, academics from Macquarie University identified Daesh as a user of Bitcoin, with strong evidence of links to a number of terror attacks in Europe and Indonesia.

https://www.moneymarketing.co.uk/opinion/martin-bamford-the-emperors-new-currency/

[gib]

Any client who asks their adviser about buying Bitcoin should be asked, in return, how they would feel about funding ISIS. Indeed, academics from Macquarie University identified Daesh as a user of Bitcoin, with strong evidence of links to a number of terror attacks in Europe and Indonesia.

https://www.moneymarketing.co.uk/opinion/martin-bamford-the-emperors-new-currency/

How do you feel about that quote DooM? (I presume you can see the idiocy of it?)

[DooM_]

How do you feel about that quote DooM? (I presume you can see the idiocy of it?)

i think it's moronic . . . '' if you support cryptocurrencies you support terrorism '' lmao , but it could be a narrative they start using against cryptos . . .

[SOMEPARTS]

i think it's moronic . . . '' if you support cryptocurrencies you support terrorism '' lmao , but it could be a narrative they start using against cryptos . . .

Economic terrorism is what they will call it....they are doing everything possible to push "domestic terrorism" as an issue.

See how this is going under Biden in just 2 weeks? Open corruption and centralization of power and money....and the internet is their attack dog.

[Bodibadi]

Tell me, did someone change Lightcoin on exchanger? I want buy litecoin with credit card here. you used them?

[Humble Narcissist]

What are terrorists going to buy with Bitcoin?

[sync pulse]

terrorist accoutrements...

[Bindare_Dundat]

Tell me, did someone change Lightcoin on exchanger? I want buy litecoin with credit card here. you used them?

Stay away from that shit coin

[Mayday]

Which charts?

Exactly the point.

If you watched the trading charts you wouldn’t have made that post. People trade Bitcoin, not everybody sits on them. Even your best Bitcoin idols have trading positions..... I have watched 20% wiped off in under 60 seconds and seen it recover minutes later. Long squeeze followed by short squeeze. That wasnt done by people holding 50 coins......

There is a massive disconnect between ‘to the moon’ people and behaviour in the market right now. I said it before, everyone is so scared of missing the ramp they are not looking at the downside risk. Last night is a prime example.

We just saw Elon Musk stir people into a frenzy. Popular people retweeted stirring even more people. Social media going balls out ‘to the moon’. We witnessed another GME moment.Insane buying power reversing a bear trend, breaking several resistance lines, crushing shorts in seconds.......BUT..... if you were watching the ticker live you would see some sledgehammers laying utter waste to the buying army.

In 1 tick they were wiping -2% off the price completely absorbing order book depth and those were raining down on the buying army at 37k-38k like machine gun fire. Blink and you would miss them. They would have been happening so fast the ticker would have only captured a handful and I’d wager almost no one saw them because they were so preoccupied with this being a ‘to the moon’ run.

.
Now look.......the smoke has cleared and It’s skirting 34.2k which was yesterday’s resistance line and now the last line of support before it wipes off all gains and heads back into the 31k-33k range where it all started. Make no mistake the large sellers all short at the same time they sell and they buy the dips which increases their net position. They gain ground which makes it all the more intriguing.


This should be an eye opener for Bitcoin fanatics. Large holders (your so called brothers in arms) just prevented what was the biggest hype spike buying run in bitcoin’s history from going anywhere.....that fucker had enough steam to moon the bastard, no joke. We would have hit 55k in a day no sweat if it was allowed to.

Let’s be real here, Rhetorical question is why and who would stop such a thing?

My takeaway from this is we just saw BTC get nuked.

[El Diablo Blanco]

What are terrorists going to buy with Bitcoin?

steroids and that's about it.

[pellius]

i think it's moronic . . . '' if you support cryptocurrencies you support terrorism '' lmao , but it could be a narrative they start using against cryptos . . .

X2. If you have money in a bank and are a criminal that means the banks support criminals.

[Bindare_Dundat]

Exactly the point.

If you watched the trading charts you wouldn’t have made that post. People trade Bitcoin, not everybody sits on them. Even your best Bitcoin idols have trading positions..... I have watched 20% wiped off in under 60 seconds and seen it recover minutes later. Long squeeze followed by short squeeze. That wasnt done by people holding 50 coins......

There is a massive disconnect between ‘to the moon’ people and behaviour in the market right now. I said it before, everyone is so scared of missing the ramp they are not looking at the downside risk. Last night is a prime example.

We just saw Elon Musk stir people into a frenzy. Popular people retweeted stirring even more people. Social media going balls out ‘to the moon’. We witnessed another GME moment.Insane buying power reversing a bear trend, breaking several resistance lines, crushing shorts in seconds.......BUT..... if you were watching the ticker live you would see some sledgehammers laying utter waste to the buying army.

In 1 tick they were wiping -2% off the price completely absorbing order book depth and those were raining down on the buying army at 37k-38k like machine gun fire. Blink and you would miss them. They would have been happening so fast the ticker would have only captured a handful and I’d wager almost no one saw them because they were so preoccupied with this being a ‘to the moon’ run.

.
Now look.......the smoke has cleared and It’s skirting 34.2k which was yesterday’s resistance line and now the last line of support before it wipes off all gains and heads back into the 31k-33k range where it all started. Make no mistake the large sellers all short at the same time they sell and they buy the dips which increases their net position. They gain ground which makes it all the more intriguing.


This should be an eye opener for Bitcoin fanatics. Large holders (your so called brothers in arms) just prevented what was the biggest hype spike buying run in bitcoin’s history from going anywhere.....that fucker had enough steam to moon the bastard, no joke. We would have hit 55k in a day no sweat if it was allowed to.

Let’s be real here, Rhetorical question is why and who would stop such a thing?

My takeaway from this is we just saw BTC get nuked.

If that's the case, why would anyone even entertain buying this? should we be bailing?

I know I"ve said it before but thanks,  your input is eye opening to things the rest of us might have missed.

[obsidian]

Any client who asks their adviser about buying Bitcoin should be asked, in return, how they would feel about funding ISIS. Indeed, academics from Macquarie University identified Daesh as a user of Bitcoin, with strong evidence of links to a number of terror attacks in Europe and Indonesia.

https://www.moneymarketing.co.uk/opinion/martin-bamford-the-emperors-new-currency/

ISIS has been funded by billions of dollars. This is all bullshit. The US dollar is being used for illegal activities everywhere and has been for more than a century. The amount of illegal transactions in FIAT USD is more than the market cap of Bitcoin!

https://www.foxbusiness.com/money/isis-funding-billion-dollar-extremist-group

[Mayday]

If that's the case, why would anyone even entertain buying this? should we be bailing?

I know I"ve said it before but thanks,  your input is eye opening to things the rest of us might have missed.

Well it’s at 34.1k with 15mins to print a close for the day. It is less than a 1% drop away from being in the previous range which was a pullback trend into the 20s just like I said.

I didn’t buy into it last night. I wasn’t going to do anything until I saw it break 40k resistance. A massive number jumped in and got wrecked. Brutal slaying of peasants. Not a peep from Twitter now after people went full retard to the moon and now look.....carnage.

In other words, it didn’t change a thing. It’ll end up right back where it was before this all happened and on it’s way down to 21k. Having said that, people have pissed off enough banks right now so I’d suggest the odds of a massive takedown to 11k-14k just got a lot higher......


The reason Elon changed his tag was as a reaction to the market manipulation of the latest GME and others. He wanted a run on BTC but I’d say he wasn’t aware he started a death March.

The eye opener wasn’t the ability to create a bullrun in minutes. It was to see a bullrun that by all account should have succeeded, get nuked in seconds. Insane. Brutal. Heinous. You need to respect whoever did that is in control of the market.

[Bindare_Dundat]

Well it’s at 34.1k with 15mins to print a close for the day. It is less than a 1% drop away from being in the previous range which was a pullback trend into the 20s just like I said.

I didn’t buy into it last night. I wasn’t going to do anything until I saw it break 40k resistance. A massive number jumped in and got wrecked. Brutal slaying of peasants. Not a peep from Twitter now after people went full retard to the moon and now look.....carnage.

In other words, it didn’t change a thing. It’ll end up right back where it was before this all happened and on it’s way down to 21k. Having said that, people have pissed off enough banks right now so I’d suggest the odds of a massive takedown to 11k-14k just got a lot higher......


The reason Elon changed his tag was as a reaction to the market manipulation of the latest GME and others. He wanted a run on BTC but I’d say he wasn’t aware he started a death March.

The eye opener wasn’t the ability to create a bullrun in minutes. It was to see a bullrun that by all account should have succeeded, get nuked in seconds. Insane. Brutal. Heinous. You need to respect whoever did that is in control of the market.

Do you think we will still see your earlier call of new highs eventually or did this change things? Should we just cut our loses and get out while we can still save something or wait? I'm sticking around for the long run for now but I'd like to hear your opinion and take into consideration. You clearly know what yoire talking about

Do you mind youn receive a pm with a couple of questions?

[Mayday]

Range in play is 34.2k -35.5k or 36k.

Downward trend pressure applies meaning the odds are much higher for a break down than a break up.

[gib]

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 . . .

Big firms and elites want to make money and preserve power. When they realize they can no longer "beat em" they will quickly "join em" and try to control and dominate. This is what will happen with Bitcoin. Slowly but surely elites will acquire, and before many realize it, their hopes of ever realistically becoming a one-coiner will be gone for ever...

[gib]

Range in play is 34.2k -35.5k or 36k.

Downward trend pressure applies meaning the odds are much higher for a break down than a break up.

I have one single coin I trade with for fun on exchange, (other 50 all in cold storage to deliberately avoid the temptation to trade and attempt to pick trends).

I sold that coin yesterday at 37400, and now have a rebuy order in at 31,000. I am long term hodler, but its always fun to try making small gains. That coin I grew with various trades over the last few months to around 1.35 BTC now (and also purchased 2 eth along the way from gains, which I last night sold at 1400, with rebuy order in at 1200). So just grinding away and having a little fun with in and out trades.

[SOMEPARTS]

The eye opener wasn’t the ability to create a bullrun in minutes. It was to see a bullrun that by all account should have succeeded, get nuked in seconds. Insane. Brutal. Heinous. You need to respect whoever did that is in control of the market.

Which is why I noted the Fed likely holds a whale position. They have a trading desk in the basement - same thing they use to monkeyhammer metals. They make $$$ out of thin air, why wouldn't they?

[Mayday]

Big firms and elites want to make money and preserve power. When they realize they can no longer "beat em" they will quickly "join em" and try to control and dominate. This is what will happen with Bitcoin. Slowly but surely elites will acquire, and before many realize it, their hopes of ever realistically becoming a one-coiner will be gone for ever...

The answer can’t always be ‘to the moon’.

Don’t forget, Even you capitulated in 2018 when it all crashed and you sold..... a hooker with a heart of gold you ain’t

[Mayday]

Which is why I noted the Fed likely holds a whale position. They have a trading desk in the basement - same thing they use to monkeyhammer metals. They make $$$ out of thin air, why wouldn't they?

I feel There will be some level of truth to your statement.

[Bindare_Dundat]

I feel There will be some level of truth to your statement.

How will there be some level of truth to his statement? How will we ever find that out?

[Mayday]

How will there be some level of truth to his statement? How will we ever find that out?

His comment is more towards the term ‘the powers that be’. Unidentified but enough power to determine fate and display total control.

[SOMEPARTS]

His comment is more towards the term ‘the powers that be’. Unidentified but enough power to determine fate and display total control.

Correct. Could be by proxy...Goldman, etc. The kind of money we are talking here...at the least they are always looking for something to buy that has a return or an angle.

[Griffith]

https://en.ethereumworldnews.com/eth-and-ethereum-based-stablecoins-settled-over-1-6t-in-2020/

ETH and Ethereum Based Stablecoins Settled Over $1.6T in 2020

ETH, together with stablecoins running on the Ethereum network settled over $1.6 Trillion in transactions last year.[/b] This is according to a report by the team at Consensys who also pointed out that the majority of the stablecoin transactions on Ethereum were carried out via Tether (USDT), USD Coin (USDC) and DAI.

The three largest stablecoins, USDT, USDC, and DAI have seen such a rise in use in 2020 that they are now responsible for more trade volume on Ethereum than the asset that pays for computation — ether (ETH) — itself.

The annual transaction volume for ETH this year was $385 billion, but Tether’s USDT token settled $580 billion on Ethereum, Circle’s USDC stablecoin settled $239 billion on Ethereum, and MakerDAO’s DAI stablecoin settled $98 billion. All told, nearly $1.6 trillion USD in stablecoins and ETH transacted on Ethereum in 2020.

Additionally, some savvy individuals are using stablecoins to hedge against local currencies losing value. The report gives an example of individuals in Brazil using USD pegged stablecoins as an alternative to their local Brazilian real.

In terms of regulation, the team at Consensys highlighted that the rise of stablecoins has led several governments to consider ways of drafting laws that allow their existence in an acceptable environment. The same governments, through their respective Central Banks, are also exploring ways of issuing their very own digital currencies on the various smart contract platforms.