Monitoring the Crypto Bubble

[mmm....shiney!]

All you need to get is:

1. value is subjective
2. value is assigned
3. humans assign value to non-physical elements of our world

And I don't even know what a degen is.

 

[alor]

https://www.facebook.com/video.php?v=465304155124048

 

[TreasureHunter]

So, now it's going back up like Rastani said?

Just want to know what you guys think.

There were similar spikes previously, last year. But this one went through a key level.

 

[dozerz]

missed boat again, must write comment, why number go up?

 

[sgbuyer]

This game is manipulated, I won't bother to play my chances.

 

[TreasureHunter]

This is a "wow" spike. Look at XRP, ETH, BTC...

 

[dozerz]

permabulls dont check price and just buy

“I am going to buy every all time high for the next 30 years”

 

[TreasureHunter]

^
The Peter Schiffs of Bitchcoin.
Especially if they own 200 million dollars-worth of it, they have an interest to manipulate the price up.

Elon Musk bought up a bunch of Doge and manipulated it up by simply "talking the price up and up and up". He should do the same with BitTorrent and push it up to 1 cent. That would make a bunch of people happy.

If only life could be so easy: for billionaires these investments are like "wishful saying" - talk up the price, make a wish out loud and the media will pick it up... and then: you just gained +5,000 % more!

This is better than running any business!

 

[dozerz]

you obviously didnt watch the video, but they own a shed load more than 200 million, its 2 billion worth of public listed company. you can see what that did to the microstrategy share price https://finance.yahoo.com/quote/MSTR/

2 posts before you were asking what makes the price move? from zero to 100 in under 60 seconds.

 

[TreasureHunter]

I keep asking myself whether Raven Coin (RVN) has any serious potential - it allows the creation of the much-revered NFT's and, if I understood correctly, they might develop support for "smart contracts".

Raven is not listed on multiple of the major exchanges, such as CoinBase (but I think Binance lists it). It is going to give it a push, just like when Doge first landed on CoinBase.

 

[Stoic Phoenix]

^ stop asking yourself that as its apiece of shit and u have been told that before

 

[mmm....shiney!]

Glassnode stats indicate that the $30 - $40K price range has provided strong support for BTC during a number of corrections. However 25% of the coins in circulation last transacted at a higher price.

https://insights.glassnode.com/the-week-onchain-week-06-2022/

 

[Stoic Phoenix]

Hope none of you were stupid enough to buy at $35k

Bitcoin

BTC

$44,165.32
7D - 14.58%

 

[Polar.bear.Stacker]

Bitcoin

BTC

$44,165.32
7D - 14.58%

Hope no one was dumb enough to sell at 35k

 

[dozerz]

pretty much unbelieveable story today of justice department recovering $3.6 billion worth of bitcoin, stored in cleartext on a cloud wallet https://www.wsj.com/articles/justic...olen-cryptocurrency-exchange-hack-11644339381

most crazy is razzlekhan https://www.buzzfeednews.com/article/sarahemerson/crypto-laundering-scheme-rapper-forbes

 

[Polar.bear.Stacker]

Are you serious? All they had to do was memories a seed phrase and keep no copies. What do the authorities do with it? Auction it off?

 

[mmm....shiney!]

They got the private key apparently

 

[dozerz]

its an unbelieveable story but that seems to happen every day in crypto these days, they couldnt even launder the money properly and were buying $500 gift cards.

so bitfinex created the leo token to cover the hack losses, that is busy mooning now on the news https://www.coingecko.com/en/coins/leo-token

the feds will give it back to bitfinex and will likely get sold in some otc deal, hopefully not affecting price too much but $3.6 bil is a decent wedge.

 

[dozerz]

They got the private key apparently

yeah, once they had their identitied they were able to break into their cloud provider, where it was stored in cleartext most epic fail of a hacker.

 

[TreasureHunter]