bit¢oin$

sounds like everythings going great over there

That’s a unique way to announce layoffs

lol yeah

He's also trying to frontrun that there will be a "hit piece" coming out soon and "don't believe the news"

My dude, you've just made whatever this "hit piece" will be pretty believable. pic.twitter.com/JT4uccTmYX

— Molly White (@molly0xFFF) June 15, 2022

The culture document goes on to say that "Someone Must be Offended, Some of the Time":

"Krakenites are welcome to request (and deny) personal language and communication preferences of each other"
Everyone is responsible for their own feelings
Being offended doesn't necessarily make you right
Being offended doesn't necessarily make you "harmed"
Words nor silence are ever "violence"
We do not call someone's words toxic, hateful, racist, x-phobic, unhelpful, etc.

"someone must be offended, some of the time" tells you all you need to know. whoever wrote that is someone who offends at least one person every single time they do anything, and had to move mountains and time and space in order to come up with a theory of the world that accounts for how awful they are while completely absolving them from any responsibility

HEY THERE, STOP! We do not call someone's words hateful around here. That is not our culture.

totally separate issue but the corporate world's swift and total appropriation of the word "culture" is fucking bonkers

corporate culture is important to the functioning of a company but its funny how the bosses think its something they can control by decree

theres a glimmer of insight thats immediately subsumed into management mind

tho tbf there are tons of bosses out there who do understand culture better

presumably as the bubble pops and you can no longer effectively market crypto as a way to get rich nor as a way to get revenge for the financial crisis by replacing the international banking system with a subreddit there's gonna be a lot of pivoting to marketing it as a way to own the libs (tho if i wanted to own the libs i would just buy a rude t-shirt; then i could have it and see it and wear it and be happy, instead of losing a bunch of money on crypto). nevertheless as the mainstream fad passes this feels like the inevitable next step to retain and deepen the loyalty of some portion of the faithful, who are after all just about to get dolchestossed again.

i sure as hell have never worked for one xp

here's the piece the kraken ceo was trying to get ahead of https://www.nytimes.com/2022/06/15/technology/kraken-crypto-culture.html

The sheer mind-pretzel of people are responsible for their own feelings and no one has a right not to be offended BUT ALSO you can't call people's words toxic, racist, homophobic, etc.

lol what

Those who disagreed could quit, Mr. Powell said, and opt into a program that would provide four months of pay if they affirmed that they would never work at Kraken again.

promise to never come back here

Mr. Powell, who attended California State University, Sacramento, started an online store in 2001 called Lewt, which sold virtual amulets and potions to gamers. A decade later, he embraced Bitcoin as an alternative to government-backed money.

In 2011, Mr. Powell worked on Mt. Gox, one of the first crypto exchanges, helping the company navigate a security issue. (Mt. Gox collapsed in 2014.)

looool

(Mt. Gox collapsed in 2014 because of a security issue.)

good piece of this kind of boss https://newsletters.theatlantic.com/galaxy-brain/62a7fbc951acba00209259f5/elon-musk-brian-armstrong-coinbase-crypto/

hahaha

"In the time between me scheduling this newsletter and its publication, Coinbase:

Laid off 18 percent of its workforce. Fired employees were given no notice and woke up locked out of their email.
Ran an ad during the NBA finals mocking tweets saying that crypto is dead. (Bitcoin has fallen 25.32 percent in the past five days.)"

Bleeding. Another $700 million withdrawn from Tether, following a like amount yesterday. Nearly $13 billion in a month. The peg can’t get to $1.00. Won’t allow an audit. Won’t disclose their CP/US T-bill custodian. Says they redeemed Celsius positions with no realized losses. 1/ pic.twitter.com/sNAqM8pVeR

— Christopher Bloomstran (@ChrisBloomstran) June 15, 2022

guess well see if tether actually has those reserves

It went below 20k

Briefly below 19 even

someone sold some

https://i.imgur.com/gatYgpR.png

A great thing about #bitcoin Twitter right now, is only the real ones are left. Goodbye #bitcoin tourists.

But there is still much pain before we get rid of the real ones and have just the #Bitcoin purists. Remember, it went from $32 to $2; so $69k to $4k would be a great purge. pic.twitter.com/rY7aLCzNkr

— Bitcoin (@Bitcoin) June 18, 2022

thats not blood its victory wine

love to purge my world-changing currency of "tourists"

lol the whole thing is so fn psychotic

Yeah, but when you lose all your money from gambling it’s very normal for the casino to publicly post about how they’re glad you’re gone, right

Crypto’s genius is to take that “oh well, I was betting against the house, what did I think was going to happen? At least I had fun losing my money” feeling and converted it to “it was my fault, and I didn’t even get a free drink out of it, or even a glimpse of ugly psychedelic casino carpeting from 1983”

What happens when the price is below the cost of mining? Do all the mining operations just shut down and no new bitcoins get made?

considering theyve spent a lot on their mining computers one would think that theyll keep mining hoping the price will go up in the future, but then if the price stays low some will drop out leading mining to become cheaper until its profitable again i guess

dropped below 18k now

down ~13% today

Below 10 coming

lets do this

Should find support around $0

its all according to plan

#Bitcoin bottom's around the corner.

When 100MA crossed up the 20MA, bottom was extremely close. It happened 2 times in #BTC history.
> It's just happened again.

+ RSI below 30 level.
+ Price's in the Reload Zone(61.8%-78.6%), zone of interest for professional.

Consider RT🤝 pic.twitter.com/3C3dxxUFIk

— Washigorira (@Washigorira) June 18, 2022

There are currently 2 perspectives on #bitcoin:
1. (left) BTC is a bubble, a ponzi that will go to zero
2. (right) BTC is rising exponentially with great volatility
Note that the 2 charts use the exact same data. Perspective matters. #logscale pic.twitter.com/Ej78MZjZ58

— PlanB (@100trillionUSD) June 18, 2022

$BTC Update

17k coincides with the fib 0.786 level and a long position can be taken there with 28k target.
Incase it fails, 12k is the next support to look at.
That would be the last dip according to me and I’ll be in #btc  and alts completely. pic.twitter.com/zy3qFpjpF5

— Phoenix ICF (@phoenixicf) June 18, 2022

#logscale

Strong support for #bitcoin between 17.1-19k.

If we don’t get a $BTC bounce from this range, my next target is 12-14k. pic.twitter.com/NDmlOishQQ

— Miles Deutscher (@milesdeutscher) June 18, 2022

The buying opportunity won't get much bigger than this...#Bitcoin $BTC pic.twitter.com/xPGM1Uwu7F

— Crypto Rover (@rovercrc) June 18, 2022

the only log scale these bozos need is the one to measure the weights of these gigantic crypto turds theyre dropping on the world heyoooooo

#BTC is down -15% below the 200-MA right now

Historically, $BTC tends to wick -14% to -28% below the 200-MA#Crypto #Bitcoin pic.twitter.com/SlUjBdduLc

— Rekt Capital (@rektcapital) June 18, 2022

check out the log on this one

#Bitcoin is dying pic.twitter.com/G5ZbnIgA5r

— Bitcoin Magazine (@BitcoinMagazine) June 18, 2022

oh, i see how it is around here.

no one wants to discuss the fib 0.786 level. everyone just wants to pretend the fib 0.786 level doesn't exist

(late at night, pulled out of bed and to the window. something is out there. it's the fib 0.786 level)

been listening to this guy a lot, thinking a lot about what he is saying and i think he is right

$BTC easiest 5x you’ll ever get.$ETH easiest 10x you’ll ever get.$SOL easiest 20x you’ll ever get.

Timeframe: 2024-2025 the latest.

— Simon Dedic (@scoinaldo) June 17, 2022

How’s slurp juice doing