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Sure, that makes sense, and you're right with what you say, but initially, it was that the internet was only for porn until they found other uses. I've even seen some bitcoin maximalists that do say bitcoin survived because it had this initial use case. But I'm sure we can all agree that the...

Here was my take. SteveM seemed to make the connection that anyone attracted to crypto is a scumbag. Then he said crypto only made it big because it was used to facilitate drug payments. This same argument has been used by even public officials I think, that the only use case for crypto is...

And what method of exchange are the drug dealers using in this picture?

Its very interesting, and from what I've read, the SEC is fucked. Its not too different than the idea that the government wanted to go after crypto and instead crashed traditional finance. Here they want to shut down Coinbase to make a case out of the, but Coinbase has a shit ton of evidence...

I guess this is where we disagree. I'm no QE expert, but from what I read, the balance sheet is going up a ton already, over 300B in one week which undid a couple of months of QT. And they are just getting started. All my sources point to more printing and at an ever faster rate. More banks...

I agree with you 100%. There is absolutely no guarantee, and as we keep seeing, a crisis leads to lack of liquidity, and then people sell whatever they have. I follow a great YouTube channel, CTO Larrson, and I think you saw my post where he outlined the Wyckoff playbook, which could mean a...

At some point, the trading will take second place to the accumulation is my thesis. Some of course will. You will have lots of people with resting sell orders to take profits, hoping to get back in lower. But what if it doesn't dip again? Absolutely right, and I still worry about what...

This is exactly the point I'm trying to make!

What do you mean if? The amount of holes they need to plug in the coming weeks will be massive. Just read a good thread about the coming CRE crisis...

Totally understand, and I'm happy to explain. We see gaps in ES all the time during major news events. If there is no buyer at 4000, but 10 lots at 3999, price will drop 4 ticks to fill that order. Even if you have 5 lots of each level, we can easily drop 5 points on barely any trades. Also...

Duh... Of course there will be some transactions. But you only need 0.0001 BTC to sell at $40k with nothing in-between to reprice all the bitcoins!

Very interesting twitter post. See... This is what I mean 5k bitcoin. Where the fuck do people get 2 million? If all they do is add up exchange addresses, they are just dumb. Did SVB have $200B of equity? Most was deposits and hence liabilities. And if course M2M... They were negative...

I can't believe how many tweets I'm reading about how companies are restricting moving cash into crypto accounts. They are seriously closing the on-ramps. Not sure if this is bullish or not though. The funniest part is they claim its for the safety of the customer! LOL I know most don't...

Thanks for the reply but you didn't answer the question. You said that below 10k you will start buying, and I think at some point you said you would buy hand over fist. If we approach ATH before dipping below 10k, does this mean you will be left out of what could be a new bull market? I don't...

Hey RedDuke... off topic here, but what are you thinking about this bitcoin rally and your desire to get in? I think you wanted to start buying below 10k, do you still think its going to go there, or will you be left behind? I noticed you said in another post that you did buy some ETH but what...

I honestly don't understand why the system has to collapse for bitcoin to reach 1 million. Imagine if some painting that is expected to sell for 2 million sells for 100 million. Maybe the entire art world gets repriced... so what! Now if the fear is that bitcoin going to $1M sucks money out...

I did listen to this video and the shitty thing is that he never really got around to explaining more about his thesis. That idiot Breedlove kept interrupting and also wasn't really paying attention. Honestly, I've never seen him in a podcast, just saw his posts, but listening to his voice now...

No... you're thinking of the wrong person. I started to invest at the worst possible time, and my average price is much higher than the current price. But I did manage to get a few buys around the 17k level and some more on this rise higher. These coins are in cold storage. I also have a bit...

I think it doesn't even need to be a banking crisis. I think you got it exactly right when you suggested that he might have inside info on money flowing into bitcoin. Imagine most of the money flowing out of those small regional banks goes into the big 4, but just 5% is diverted into bitcoin...

So in light of the recent viral post by Balaji about his $1million bitcion prediciton, I see lots of people saying there are 2 million bitcoin on exchanges. But what does this exactly mean? Does this mean that known addresses to be crypto exchanges have a combined balance of 2 million? Big...