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

[OneMoreRep]

For those with crypto allocations in their portfolios at the moment, I wanted to share a project that I am looking into. None of this is financial advice. I'm an accountant not a financial advisor and have yet to even invest into this coin, but I am curious as it appears to be moving in the same direction as the "greater agenda" is dictating and is being handheld by the powers that be. I'll explain below and hope that those of you that are heavily involved in the crypto space can chime in with positive or negative feedback.

It's called Energy Web Token ($EWT). Recently, it got accolades from Blackrock and while it was promising to hear the giant mention the token, it was then connected to a pump & dump by the institution. This isn't a new thing, as most of these big wallets tend to do things like this for quick profit, but the fact that they even picked this token made me curious. There are other blockchains/crypto projects involved in the goal of achieving net-zero carbon emissions, why BlackRock decided to mention and invest into Energy Web Token is what got me wondering.

https://www.energyweb.org/

Then, the true powers that be (The World Economic Forum) started mentioning Energy Web by highlighting that they are part of a new coalition to investigate and highlight the potential of web3 technologies, such as crypto and blockchain, in accelerating action on climate change (https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/).

Moreover, the United Nations also mentioned them in one of their reports where they highlight the use cases and opportunities for blockchain towards sustainable energy and climate (Page 26 of this report - https://t.co/eS7roWGGOr).

I think the new agenda that the powers that be will want us to face on a global scale are the dangers of climate change. The White House recently put out a press release on November 16, 2022 and they specifically talked about the President's presence at the recent G20 meeting. In this press release (https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/), they mentioned climate change over 27 times and talked about their overall efforts towards working with the global governments in ameliorating the devastating effects on the climate.

Again, I am not too well versed on this project as of yet, but I am seeing a lot of powerful groups making mention of them in a way that leads me to believe that they "might" become a notable player in some future projects.

For those that are into blockchain and cryptocurrencies, let me know what you think.

"1"

[Slapper]

Pretty much.

I don’t think people realise just how messed up the biggest players are right now. They are all literally underwater after having a mass lending incest festival between themselves.

While everyone is still talking about Sam, nobody is looking at Barry (Grayscale) and wondering what he will do….. he needs 1B for Genesis meanwhile Grayscale is sitting on 620,000 BTC…… *cough* *cough* fucker can save himself if he unwinds GBTC 👀

They can't unwind GBTC, it's a trust.

What they CAN and will most likely do if they run into issues is sell the company (GBTC) for cash.

[Mayday]

They can't unwind GBTC, it's a trust.

What they CAN and will most likely do if they run into issues is sell the company (GBTC) for cash.

Yes, they can unwind it under regulation.

The reasons for would be they likely get more money and not have to sign any anti competitive contract meaning they can start one up again at a later date.

Discount has gone from 32% up to 42% today.

Quite recently we’ve read ‘can’t happen’ then shit goes south and it happens. Another one is Saylor says he will post BTC as collateral all the way to 3.5k and then post more….. sounds good in theory but if we go su  10k we might see collateral no longer accepted and the. He becomes a seller unless he wants to pay 20% interest on his own junk bonds.

[Flexacon]

For those with crypto allocations in their portfolios at the moment, I wanted to share a project that I am looking into. None of this is financial advice. I'm an accountant not a financial advisor and have yet to even invest into this coin, but I am curious as it appears to be moving in the same direction as the "greater agenda" is dictating and is being handheld by the powers that be. I'll explain below and hope that those of you that are heavily involved in the crypto space can chime in with positive or negative feedback.

It's called Energy Web Token ($EWT). Recently, it got accolades from Blackrock and while it was promising to hear the giant mention the token, it was then connected to a pump & dump by the institution. This isn't a new thing, as most of these big wallets tend to do things like this for quick profit, but the fact that they even picked this token made me curious. There are other blockchains/crypto projects involved in the goal of achieving net-zero carbon emissions, why BlackRock decided to mention and invest into Energy Web Token is what got me wondering.

https://www.energyweb.org/

Then, the true powers that be (The World Economic Forum) started mentioning Energy Web by highlighting that they are part of a new coalition to investigate and highlight the potential of web3 technologies, such as crypto and blockchain, in accelerating action on climate change (https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/).

Moreover, the United Nations also mentioned them in one of their reports where they highlight the use cases and opportunities for blockchain towards sustainable energy and climate (Page 26 of this report - https://t.co/eS7roWGGOr).

I think the new agenda that the powers that be will want us to face on a global scale are the dangers of climate change. The White House recently put out a press release on November 16, 2022 and they specifically talked about the President's presence at the recent G20 meeting. In this press release (https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/), they mentioned climate change over 27 times and talked about their overall efforts towards working with the global governments in ameliorating the devastating effects on the climate.

Again, I am not too well versed on this project as of yet, but I am seeing a lot of powerful groups making mention of them in a way that leads me to believe that they "might" become a notable player in some future projects.

For those that are into blockchain and cryptocurrencies, let me know what you think.

"1"

All I know about Energy web is that is a project polkadot project which the founder had a big hand in developing. Its success will depend a lot on how polkadot does.

One thing this year has taught us though is that institutions and other entities are just as clueless as the rest of us, maybe even more so.

[Thin Lizzy]

Y’all watch the SBF interview on CNBC.

He’s basically pleading ignorance. He says he wasn’t really running Almeada because he had his hands full with FTX.

But he also said that he knew Almeada had a big position size on FTX. So, he’s full of shit.

Flexacon said SBF might have had handlers. I believe it. I don’t see this guy running a large brokerage firm essentially by himself.

[delon]

Next few mths gonna be interesting to see where this heads...bitcoin at a bit of a crossroads, if it really is the future it better hope the trend similarity to-date skews coincidental rather than a portender of things to come

[Slapper]

Yes, they can unwind it under regulation.

No they can't. It's the reason it's called a "trust."

The type of liquidation that CAN happen is only controlled by the holders of the trust, not the SEC or anyone else. I mean, the SEC can try, but they will be slapped in the courts eventually if they do.

With GTBC or ETHE, should the parent company run into issues, it would be most likely sold off/spun off as a unit, not liquidated or redeemed.

[Flexacon]

Next few mths gonna be interesting to see where this heads...bitcoin at a bit of a crossroads, if it really is the future it better hope the trend similarity to-date skews coincidental rather than a portender of things to come

I think the next few months, maybe even all of 2023 will be pretty boring for bitcoin. Sideways price action with the occasional dumps as more leverage unwinds followed by mini pumps from limited buying pressure. Broader market conditions probably won't be in bitcoins favour either.

2024 will be when bitcoin likely starts taking off again. Broader market will hopefully be back in an uptrend and the bitcoin halving narrative will help price action.

The real crossroads for bitcoin comes in maybe a decades time. How does bitcoin keep the lights on if validaters decide to leave as the fees they collect no longer make it worthwhile.

[Mayday]

No they can't. It's the reason it's called a "trust."

The type of liquidation that CAN happen is only controlled by the holders of the trust, not the SEC or anyone else. I mean, the SEC can try, but they will be slapped in the courts eventually if they do.

With GTBC or ETHE, should the parent company run into issues, it would be most likely sold off/spun off as a unit, not liquidated or redeemed.

Like I said before, there is so many ‘can’t’ arguments and yet we end up seeing that things ‘can’.

Grayscale trusts are all setup the same way and yet they had no issues dissolving the XRP Trust. The case right now is genesis is their only dealer and there is contagion all through DCG because of it.

Could they sell it? Sure. But don’t say they can’t dissolve their trusts when they have already dissolved one and have risk of contagion within their own group which would also allow the trust to be dissolved.

[Thin Lizzy]

I think the next few months, maybe even all of 2023 will be pretty boring for bitcoin. Sideways price action with the occasional dumps as more leverage unwinds followed by mini pumps from limited buying pressure. Broader market conditions probably won't be in bitcoins favour either.

2024 will be when bitcoin likely starts taking off again. Broader market will hopefully be back in an uptrend and the bitcoin halving narrative will help price action.

The real crossroads for bitcoin comes in maybe a decades time. How does bitcoin keep the lights on if validaters decide to leave as the fees they collect no longer make it worthwhile.

You’re probably right. Seems like the big fireworks have already taken place:

[Thin Lizzy]

Same drill with the “Everything is different now” Covid stocks, with this ETF being a composite. Of course, nothing is really different except dummies wearing masks alone outdoors.

[hardgainerj]

https://twitter.com/cris_vond/status/1593664253814251520

[Flexacon]

https://twitter.com/cris_vond/status/1593664253814251520

That's pretty normal attitude/behaviour amongst those born into wealth, finance bros and crypto bros. SBF just happens to be all 3

[Mayday]

Same drill with the “Everything is different now” Covid stocks, with this ETF being a composite. Of course, nothing is really different except dummies wearing masks alone outdoors.

It all looks weird but I guess that’s the point.

Q1 GDP and Q2 GDP negative. Equities sold off. Popular thought was we’re pretty fucked and fair enough.

Q3 was tracking -1.2% and right in the last week flipped positive by a large margin. Very strange. Markets have rallied since Q3 GDP came out.

Q4 GDP tracking around 3%. Earnings will be good.

Sentiment is crazy bearish yet GDP is telling us otherwise And the fact the market rallied from Q3 GDP announcement suggests an upswing instead. PE ratio on S&P is 19 vs 28.

If Q4 GDP holds positive this could cause a real can of worms as we are 40% below PE ratio a year ago which takes us to 5,600. it sounds crazy but if Q1 and Q2 GDP are positive perhaps that’s the trigger?

I still hold my existing crypto positions except for SOL. I figured best to keep something as a hedge just in case something crazy happens but I have NFI.

[Flexacon]

It all looks weird but I guess that’s the point.

Q1 GDP and Q2 GDP negative. Equities sold off. Popular thought was we’re pretty fucked and fair enough.

Q3 was tracking -1.2% and right in the last week flipped positive by a large margin. Very strange. Markets have rallied since Q3 GDP came out.

Q4 GDP tracking around 3%. Earnings will be good.

Sentiment is crazy bearish yet GDP is telling us otherwise And the fact the market rallied from Q3 GDP announcement suggests an upswing instead. PE ratio on S&P is 19 vs 28.

If Q4 GDP holds positive this could cause a real can of worms as we are 40% below PE ratio a year ago which takes us to 5,600. it sounds crazy but if Q1 and Q2 GDP are positive perhaps that’s the trigger?

I still hold my existing crypto positions except for SOL. I figured best to keep something as a hedge just in case something crazy happens but I have NFI.

Stock markets will take a slow dump on bad earnings next year.

[Slapper]

Yes, they can unwind it under regulation.

The reasons for would be they likely get more money and not have to sign any anti competitive contract meaning they can start one up again at a later date.

Discount has gone from 32% up to 42% today.

Quite recently we’ve read ‘can’t happen’ then shit goes south and it happens. Another one is Saylor says he will post BTC as collateral all the way to 3.5k and then post more….. sounds good in theory but if we go su  10k we might see collateral no longer accepted and the. He becomes a seller unless he wants to pay 20% interest on his own junk bonds.

Fair enough.

See you on the other side.

[Thin Lizzy]

Stock markets will take a slow dump on bad earnings next year.

Particularly companies with inflated P/Es. Lulumon took a nasty hit off weak guidance. Apparently, going forward, chicks aren’t gonna be so quick to toss out  their old smelly yoga pants.

[Thin Lizzy]

Coinbase made a fresh low:

[deadz]

Take it to Vegas boys you’ll have far better luck than with bitcrap and the other lies you bought in to.

[a_pupil]

Where's gib 

[Flexacon]

Where's gib 

Gib chose to die on the "buy and hold" bitcoin maxi hill. He is down 75% from the peak, but should still be comfortably in the green from his buy in.

He won't comes back on here until bitcoin breaks 69k.

Also LMAO@ that polychronopolous clown who tried to tell us bitcoin mining stocks were a good buy. Mara is down 95%

[Flexacon]

A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...

[Thin Lizzy]

A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...

A timeframe for this?

[Flexacon]

A timeframe for this?

It's been simmering for a couple of weeks. Strange movement of "assets" when it came to showing proof of reserves. Several execs supposedly leaving and erratic behaviour from CZ. Now this dropped from Reuters.

https://www.coindesk.com/business/2022/12/12/us-prosecutors-look-to-charge-binance-and-cz-for-possible-money-laundering-violations-reuters/?utm_content=editorial&utm_campaign=coindesk_main&utm_source=twitter&utm_term=organic&utm_medium=social

https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/

Binance has always been sketchy, so none of this would be a surprise.

[loco]