bit¢oin$

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 Another $700 million withdrawn from Tether, following a like amount yesterday.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

gooooooood

say what you will about crypto, but a traditional financial institution could never hold a vote over whether to seize someone else's money and one person gets to vote a million times, that kind of decentralized innovation is simply not possible without blockchain https://t.co/CEAepVSVtH

— Sam Biddle (@samfbiddle) June 19, 2022

we can't be held hostage by an abusive whale

for all the drawbacks of crypto, it has gifted us with some felicitous turns of phrase

paper hand miners

From Hodler to Foldler.https://t.co/zqPQ2aVr09

— Tracy Alloway (@tracyalloway) June 21, 2022

paper hand miners

Lots of these vibes going on right now in cryptoland pic.twitter.com/14bOR8iLrO

— Nate Anderson (@ClarityToast) June 22, 2022

well if that guy has seen "multipe bank statements and letters from lawyers", then everything must be fine!

They should have had him hold up a newspaper with today's date on it.

fwiw that video is from the infamous mt gox exchange which at one point was handling the majority of the worlds bitcoin buying and selling before revealing in 2014 that the bitcoins were all gone

best part is when he says the banks just cant keep up

banks just don't know how to process transactions, it's true.

delivered in the comforting tones/style of a hostage video

Yeah, I kept imagining being one of the other people at that guys job (or...is that his workplace? Is he just in a computer lab?) and thinking about how I would definitely quit, that same day, rather than be in any job where that guy is part of it and he gets to record videos like that

It is actually better to be dead

the funniest outcome here is tether flaming out and the hegde funds being unable to cash in their shorts cause the whole crypto system crashed

It’s popcorn time already? More Hedge Funds Are Betting Against Tether as Crypto Melts Down https://t.co/6RB8MMBC8l

— Bitfinex’ed 🔥 Κασσάνδρα 🏺 (@Bitfinexed) June 27, 2022

Crypto hedge fund Three Arrows Capital has entered liquidationhttps://t.co/zWjwklCmAx

— *Walter Bloomberg (@DeItaone) June 29, 2022

It turns out that Coinbase, the largest crypto exchange in the US, is directly selling tools to U.S law enforcement & immigration agencies to help track peoples’ crypto transactions.https://t.co/rkyRvNdp9c

— Avi Asher-Schapiro (@AASchapiro) June 29, 2022

its da freedom money