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You'd think all these folks would learn not to leave their money away from them...
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Jun 17, 2022 14:05
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steinrokkan posted:The lower it drops the more people will be able to buy in It's like trying to shovel a bunch of liquid poo poo out of a huge hole. You may be able to scoop some out, but it's so full of sloppy stinky fluid poo poo that it'll quickly resettle itself despite losing volume.
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Jun 17, 2022 14:06
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 I’m about to sleep drat it, I want to see that 19 hit.Another exchange just froze withdrawals https://babel.finance/article-views.html?id=50 Things are beginning to domino when it comes to exchanges, this is at least the third one going down the past couple of weeks (coinbase mass layoffs + celsius and babel both frozen) on top of ‘stablecoins’ like Luna imploding. If Tether starts really wobbling soon, the popcorn’s coming out.
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Jun 17, 2022 14:06
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Someone has been kicking the bucket up once it reached some specified floor. Right now I saw bitcoin kissed 20k to go back up to 20500 ish almost instantly. I am really curious who are doing this, I would guess it's some miners?
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Jun 17, 2022 14:06
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Cyrano4747 posted:Another day, another 9 AM crash down $1000 for butts. I would have thought Friday was the day of rebound as idiots sink their paychecks in to buy the dip.
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Jun 17, 2022 14:08
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coolusername posted:
Tether's going to be the absolute last one to fall. If that goes down it's all hosed. I expect to see a lot of other random crap coming before that crashes.
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Jun 17, 2022 14:08
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I wouldn't conflate Coinbase layoffs with frozen withdrawals on exchanges. Wells Fargo can layoff a buncha tellers while still being able to support a bank run.
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Jun 17, 2022 14:14
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Bleusilences posted:Someone has been kicking the bucket up once it reached some specified floor. Could just be people with automated buys, $20k is a big mental number for people who want to see bitcoin go up so they probably put poo poo out there to auto-buy at 20k.
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Jun 17, 2022 14:18
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coolusername posted:
I want to believe.
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Jun 17, 2022 14:18
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What's the best website to watch the butts fall?
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Jun 17, 2022 14:21
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WalletBeef posted:What's the best website to watch the butts fall? https://trade.kraken.com/charts/KRAKEN:BTC-USD?period=5m
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Jun 17, 2022 14:23
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Psychological support at price levels is a thing, even if it's fundamentally nonsensical. The flip side of technical analysis is that while it makes no sense if you dig into it, human psychology likes to see patterns and will act on it regardless. You see price floors on all sorts of instruments because people gravitate to round numbers.
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Jun 17, 2022 14:25
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It’s been thrashing around 20-21k for the week since the big weekend drop. I would expected at least one big bounce back up to 25k or higher by now.
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Jun 17, 2022 14:26
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WalletBeef posted:What's the best website to watch the butts fall? Interesting/noisy/traditionally as degen as crypto? https://aggr.trade/
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Jun 17, 2022 14:30
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notwithoutmyanus posted:Without turning into a ghostty bullshit scenario, we're basically looking at a bullish rsi divergence on 4h for btc & eth based on the CME chart and there are gaps above us (27k, 35k) that may fill in the process. So yeah. I'm not really doing special technicals, just the same poo poo people use on anything else. 
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Jun 17, 2022 14:34
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notwithoutmyanus posted:Interesting/noisy/traditionally as degen as crypto? Ha when a trade over $1 million happens the background image is 
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Jun 17, 2022 14:34
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I like this one better, you can select which exchange to watch. Coinbase has an order of magnitude more volume than the other exchanges, so it's the one I eyeball. https://bitcointicker.co/coinbase/btc/usd/24hr/
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Jun 17, 2022 14:35
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Bleusilences posted:Someone has been kicking the bucket up once it reached some specified floor. I'm assuming they're propping BTC prices up with Brawl Star Gems, but when those run out they'll use Candy Crush Gold Bars, and when those run out they'll prop it up with Catan Sheep, Wheat, Wood, Brick and Stone. When those run out they'll switch to Ultima Online Gold. If that runs out they'll prop it up with Scrabble pieces, or failing that,, Monopoly Money. When that runs out they'll use Connect 4 pieces, Call of Duty points or Hungry Hippos marbles. And when those run out...
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Jun 17, 2022 14:35
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It's like a 6 year old trying to buy candies with whatever they have in their pocket.
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Jun 17, 2022 14:47
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Jun 17, 2022 14:53
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https://www.wsj.com/articles/celsius-is-crashing-and-crypto-investors-are-spooked-11655371801quote:Celsius Is Crashing, and Crypto Investors Are Spooked Gee, ya think? 
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Jun 17, 2022 14:55
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coolusername posted:We’ve got bitcoin all wrong, guys. We thought it was a horrible scam, but
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Jun 17, 2022 14:59
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tpink posted:https://www.wsj.com/articles/celsius-is-crashing-and-crypto-investors-are-spooked-11655371801 No thinking allowed. Only number up.
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Jun 17, 2022 14:59
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Lol even Madoff was doing a better job of allowing withdrawals to keep up appearances right up until the end.
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Jun 17, 2022 15:10
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tpink posted:https://www.wsj.com/articles/celsius-is-crashing-and-crypto-investors-are-spooked-11655371801 lmao that a guy who runs a finance-related company looks at 17.5% interest and says "this is totally above-board and not a ponzi" an ideal case for the Matt Levine Certificate of Dumb Investment regulations
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Jun 17, 2022 15:14
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People are profoundly ignorant holy poo poo
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Jun 17, 2022 15:17
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Regardless what happens, there is one thing that we all know is true: This is good for bitcoin
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Jun 17, 2022 15:20
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WalletBeef posted:What's the best website to watch the butts fall? https://buttcoin.club
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Jun 17, 2022 15:20
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So seems like these guys are currently helping prop it up, as opposed to Tether this time: https://twitter.com/usdcoinprinter/status/1537770849901715456?t=Jg5R0UN2mvqRoHZC5e24pQ&s=19
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Jun 17, 2022 15:20
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"Technical" "Analysis":notwithoutmyanus posted:it could go up or down
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Jun 17, 2022 15:22
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Wayback posted:So seems like these guys are currently helping prop it up, as opposed to Tether this time: Meanwhile tether redeemed another .8 billion last night
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Jun 17, 2022 15:24
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Wayback posted:So seems like these guys are currently helping prop it up, as opposed to Tether this time: gently caress YES Earlier itt, I had compared Coinbase laying off employees akin to Wells Fargo laying off tellers. I was real, real loving wrong there. Coinbase gonna blow UP   this is good for Bitcoin
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Jun 17, 2022 15:25
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Wayback posted:So seems like these guys are currently helping prop it up, as opposed to Tether this time: I am blissfully ignorant of how any of this works (other than "crypto is a scam"), but... how does "printing" more coins work and what is it supposed to do? I mean, in the real world, a government could just print more money, but it would effectively devalue all existing currency, rather than pumping it up... right?
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Jun 17, 2022 15:39
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Can somebody explain to me, a luddite, what's the point of a crypto coin pegged to the dollar?
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Jun 17, 2022 15:40
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"assets with equivalent fair value" you say?
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Jun 17, 2022 15:41
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steinrokkan posted:Can somebody explain to me, a luddite, what's the point of a crypto coin pegged to the dollar? casino chips, except you cant actually exchange them for dollars
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Jun 17, 2022 15:41
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steinrokkan posted:Can somebody explain to me, a luddite, what's the point of a crypto coin pegged to the dollar? It lets you buy more bitcoin to prop up the price with something that is not actually real and actually created out of thin air, and I think people are making a big assumption that USDC is not just as fraudulent as Tether, despite their claims
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Jun 17, 2022 15:44
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punishedkissinger posted:casino chips, except you cant actually exchange them for dollars Oh so when you want to trade bitcoins or sell bitcoins you don't get dollars, you get MegaValue Family Funbucks? And a promise that each Funbucks is actually covered by a real dollar (no you can't see the dollar) That's kinda genius in how blatantly evil it is
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Jun 17, 2022 15:44
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WhiteHowler posted:I am blissfully ignorant of how any of this works (other than "crypto is a scam"), but... how does "printing" more coins work and what is it supposed to do? In spite of claims of decentralized control, virtually all stable coin Blockchains are owned by specific entities and they can give more money invented from thin air to anyone they want.
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Jun 17, 2022 15:46
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Bitcoin will most likely bounce back a bit before the next leg down below 20k (probably around the same time the "real" stock market has a chance to recover and consolidate a bit) barring anything crazy like tether getting completely de-pegged. Crypto shills will be sure to use the intervening time to draw ridiculous charts and try to get as many people as possible back in to 'buy the dip!!!'
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Jun 17, 2022 15:49
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