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Inoperational Bumblebee
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wherebee

Drip drip drip noise re big end of town getting in re bitcoin (Australian, 7th June):

"Yet as the rout progresses, many of the wealthiest investors in Australia have entered the market through both domestic and international exchanges.

More recently, there has also been a rush to examine new specialist crypto asset management funds for wholesale or sophisticated investors with more than $2.5m in investable assets.

Though financial advisers remain substantially critical and highly sceptical of cryptocurrencies, high profile investment commentators continue to fly the flag for crypto assets. Locally value manager Robert Montgomey has recently praised Ethereum, while in the US ‘Rich Dad, Poor Dad’ investment guru Robert Kiyosaki has called the current crash in Bitcoin ‘good news’ for bargain hunters.

Many crypto enthusiasts are interpreting the latest price plunge as a similar opportunity to the crash on the sharemarket a year ago: ‘We are seeing more, not less, inquiries from high end clients on cryptocurrency during this sell-off,” says Charlie Viola of Pitcher Partners

 

I thought the governments would have moved before now to squash - it's almost getting too late.  Once you have the 1% holding crypto, they'll not support moves to crush it.

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20 hours ago, spunko said:

My opinion is that people need to stop mentioning Elon Musk in the same breath as cryptocurrency. It's tedious, and he clearly doesn't understand the tech anyway.

I'm not a Bitcoinist btw.

That's a man.

Seems we've got Trump now offering his opinion on bitcoin, saying it looks like a scam.

Musk tweeting about some joke coin (CumCoin xD) and the price shoots up.

Musk and Trump may be idiots in the crypto show but plenty of muppets following them.  I wonder what it takes to get Musk to tweet about a new coin, then kerching. Getting deja vu over all this, would be something if these two clown egos did a McAfee over a few twatter messages. I wonder if Musk wil offer to eat his own dick first. xD

John McAfee charged with fraud over cryptocurrency

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nirvana

Dip buyers GO GO GO!!!!

I can buy this on my CFD account but the spread is £150! I'll refer to a greater power and report back :Jumping:

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6 hours ago, nirvana said:

Dip buyers GO GO GO!!!!

I can buy this on my CFD account but the spread is £150! I'll refer to a greater power and report back :Jumping:

Think you dodged a bullet there mate, it's still dipping!

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nirvana
3 minutes ago, Craig said:

Think you dodged a bullet there mate, it's still dipping!

ooh yeah, nice dips!! :o

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jamtomorrow
1 hour ago, nirvana said:

what's that telling us then?

It means demand for on-chain transactions has returned to bear market levels

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Green Devil
3 hours ago, jamtomorrow said:

Going by mean TX fees, this bull run looks like it's Fully Over. See you in 2025!

Screenshot_20210608-162200_Chrome.thumb.jpg.71b494bffcbc5cfc40f442fd30bc6a27.jpg

I fear you might be right, the timing is probably about right. If that's the case then i suspect it might go really low, as there are probably a lot of hodlers still holding who will give up and sell over the next 4 years. :CryBaby::CryBaby: 

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jamtomorrow
Posted (edited)

Well no bad thing if the mania is over for a while, maybe it'll help re-focus attention on use-cases and adoption.

Talking of which, regime change coming to El Salvador in 3 ... 2 ... 1 ... ?

(Edit to add: because the "Bitcoin is legal tender" legislation was just passed into law there)

Edited by jamtomorrow
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haroldshand
On 07/06/2021 at 10:54, spunko said:

My opinion is that people need to stop mentioning Elon Musk in the same breath as cryptocurrency. It's tedious, and he clearly doesn't understand the tech anyway.

I'm not a Bitcoinist btw.

As the days now pass Musk is becoming less relevant and more hated in the Crypto world, but I don't think he is totally to blame for the past few weeks and what has happened was totally on the cards and healthy IMO and induced by big players wanting to move in on the cheap.

1. Look up Musks connections with Blackrock and their manipulation of BTC as they try to get the thumbs up to buy and his timing of his tweets.

2. More importantly read  up on Wyckoff chart movements, this is playing out perfectly and you probably couldn't make it more text book than it is right now.

3. From the start of Covid  and within less than a year BTC  X 20 and it's now X 11, people really need to get a reality check if they are down on these numbers

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goldbug9999
On 07/06/2021 at 08:03, BoSon said:

If the Gmob see it as a threat they'll bring in laws to make it illegal to hold or trade bitcoin

That would be against the UN charter now that its an official national currency of a UN signatory (El Salvador).

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haroldshand
1 hour ago, goldbug9999 said:

That would be against the UN charter now that its an official national currency of a UN signatory (El Salvador).

Another thing people want to take into account is the fact that all the FUD is coming from big institutions and timed perfectly to coordinate with a lot of the media that they have access to. You have to ask yourself why all of a sudden these big Wall street institutions who were months ago working so hard to get board members to give them the OK to buy Bitcoin are working so hard at frightening BTC holders with daily negative predictions, why do that?

There are even big players who have no skin in BTC but have shown interest tweeting about "bloody Sundays" etc, why would you even do that if your business had 100% nothing to do with BTC.

These people are not buying into BTC on the cheap hoping to lose money, of course I might be wrong but this is looking like the classic Wyckoff accumulation stage and I have a sneaking suspicion we are going to get one more pullback to $28/29K and then it's going to take off again, might be wrong but that's my bet right now.

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goldbug9999
3 hours ago, jamtomorrow said:

Talking of which, regime change coming to El Salvador in 3 ... 2 ... 1 ... ?

(Edit to add: because the "Bitcoin is legal tender" legislation was just passed into law there)

File under tin foil hatter extreme tail risks.

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nirvana
Posted (edited)
45 minutes ago, goldbug9999 said:

File under tin foil hatter extreme tail risks.

never underestimate the CIA lol

Barry Seal 'The gringo that always delivers'.....good movie 'American Made' with Tom Cruise

Edited by nirvana
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jamtomorrow
1 hour ago, nirvana said:

never underestimate the CIA lol

Barry Seal 'The gringo that always delivers'.....good movie 'American Made' with Tom Cruise

There's also this fella who announced he was "dumping the dollar" in 2000. Wonder what he's up to these days

CKKPKMRQTKARHJXW63POEPCO4U.thumb.jpg.d7a19b346da4e3e6103782a745371f30.jpg

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Green Devil
36 minutes ago, jamtomorrow said:

There's also this fella who announced he was "dumping the dollar" in 2000. Wonder what he's up to these days

CKKPKMRQTKARHJXW63POEPCO4U.thumb.jpg.d7a19b346da4e3e6103782a745371f30.jpg

Hanging about somewhere?

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haroldshand

Too early just yet, but could BTC finally solve the problems of so many South/central American problems

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montecristo

So now all the US companies in El Salvador will by law have to accept BTC.  This is massive for BTC.

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haroldshand
10 hours ago, montecristo said:

So now all the US companies in El Salvador will by law have to accept BTC.  This is massive for BTC.

They are also going to be using their huge GeoEnergy resources to mine BTC.

Huge risks for El Salvador not least a US aircraft carrier parked off their shores in coming months, but this could also turn them into a Southern America Dubai, they just need a few more central and Southern countries to join them and fast

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Green Devil
On 10/06/2021 at 10:51, haroldshand said:

They are also going to be using their huge GeoEnergy resources to mine BTC.

Huge risks for El Salvador not least a US aircraft carrier parked off their shores in coming months, but this could also turn them into a Southern America Dubai, they just need a few more central and Southern countries to join them and fast

https://cointelegraph.com/news/imf-plans-to-meet-with-el-salvador-s-president-potentially-discussing-move-to-adopt-bitcoin

Imf says no. Thats the end of that then. 

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haroldshand
1 hour ago, Green Devil said:

I suspect you could be right, if the mafia threatened me I would probably change my mind as well, remember these are the people that forced Bolivia to accept their  proposals on privatising it;s water supply and where families used their entire wages on water supply alone

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nirvana

Getting bummed again.......will 31k be revisited? Will it hold?

Tune in again tomorrow evening for more 'to the moon' or 'brown trouser' action! :Jumping:

Altcoins are getting fucked and BTC dominance has shot up to 45%.......hmmm wot da fuk is a appening???

Edited by nirvana
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