Ptery83 said:

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What's behind this resurgence?

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Don't chase.
Very likely big dumps are coming.

Over 5.2 million #bitcoin have not moved in more than 5 years yet some folks are still shocked when Bitcoin pumps…

There will only ever be 21M Bitcoin.

Never underestimate the power of long-term hodlers who will die on this hill.

pic.twitter.com/voDOOyCeQz

— Walker⚡️ (@WalkerAmerica) January 16, 2023

Dca and chill, focus on the controls you can control and minimize your 3rd party risks.

This is the only thread where I'll reference price changes, but seems the normal 4 year cycle is still in effect!

$23k

Not buying yet...saving my dry powder for the crap to hit the fan...smart money isn't buying, just retail...won't be long before the smart money dumps flooding the market...that's your 2018 cycle indicator!

LatinAggie1997 said:

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Ptery83 said:

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What's behind this resurgence?

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Don't chase.
Very likely big dumps are coming.

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Already sold and put in buys 10% lower.

up 40%+ YTD. there will be dips of course but this feels a bit different than any of the 2022 pumps imo.

₿REAKING: #Bitcoin continues its trend up to infinity pic.twitter.com/svFgICZdR7

— Documenting ₿itcoin 📄 (@DocumentingBTC) January 20, 2023

More important than $ value:

#Bitcoin computing power has increased for over a decade to 260,000,000,000,000,000,000 cryptographic hashes per second pic.twitter.com/peGLhZ3XY0

— Documenting ₿itcoin 📄 (@DocumentingBTC) January 21, 2023

This is interesting....

https://cointelegraph.com/news/binance-s-swift-banking-partner-set-to-ban-usd-transfers-below-100k

Trying not to jump to conclusions here but, this looks a little bit like someone is trying to push retail out of the crypto space. Accredited investors only? If that is the case, might want to get your crypto on a cold wallet, if you haven't done so already.

Was already updated to a specific bank that many exchanges use, not swift.

But the advice to go cold storage is prescient no matter the circumstances.

TTUArmy said:

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This is interesting....

https://cointelegraph.com/news/binance-s-swift-banking-partner-set-to-ban-usd-transfers-below-100k

Trying not to jump to conclusions here but, this looks a little bit like someone is trying to push retail out of the crypto space. Accredited investors only? If that is the case, might want to get your crypto on a cold wallet, if you haven't done so already.

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I think it's more that they're trying to push retail out of offshore scam exchange casinos and re-direct them into legacy US institutions that are opening up shop (ie fidelity).

Brian Earl Spilner said:

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LatinAggie1997 said:

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Ptery83 said:

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What's behind this resurgence?

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Don't chase.
Very likely big dumps are coming.

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Already sold and put in buys 10% lower.

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I'm waiting for BTC to drop below $15k and then I'll buy on the way down...imo, the bottom will be between $9-12k...depending on what happens with Genesis/Gemini/Grayscale and the end contagion on exchanges...plus how the Mt. Gox repayment ordeal actually plays out...also how quickly Congress issues legislation/regulation .. that news will slow any drop occurring.

Getting lots more of the following on the next dip.. exciting things happening!

Cardano ecosystem tokens -

WMT (new sidechain World Mobile Chain, being developed in partnership with IOG...bridged with Cosmos SDK with Cardano mainnet - interoperability between Cardano and Cosmos.) Will meet requirements of regulated telecommunications industry)
AGIX
COPI
NTX

How about dem staking apples?

I haven't been following eth but when are you staked folk gonna be able to sell off your eth/etcetera now that it's not allowed in US?

#Bitcoin will only get more scarce, more difficult to mine, and more valuable over time. pic.twitter.com/7e8IPpO61p

— Wicked (@w_s_bitcoin) February 5, 2023

New Project on the streets of #Barcelona

How to buy #Bitcoin pic.twitter.com/qpWatQkTim

— Street Cyber ⚡️ ∞/ 21 (@streetcyber_art) February 10, 2023

gensler going after unregistered securities? why didn't anyone warn us

Hester Peirce gets it. Gensler will be removed or reigned in soon. Gensler is a crook and doing his TradFi buddies work.

Because the Hype Beast was banned.

hard to tell who is on whose side anymore.
SEC cracking down on ****coin staking, yield farming, and the underlying manipulation. as ac04 we saw this coming from miles away. is it good or bad?

Oh man, all I had to do was fill out a form on a website and tell people that staking rewards come from staking? Wish I'd seen this video before paying a $30m fine and agreeing to permanently shut down the service in the US. How dumb do I look. Gosh. ⛽️💡https://t.co/UPdQdnI6xN

— Jesse Powell (@jespow) February 10, 2023

LatinAggie1997 said:

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Brian Earl Spilner said:

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LatinAggie1997 said:

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Ptery83 said:

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What's behind this resurgence?

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Don't chase.
Very likely big dumps are coming.

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Already sold and put in buys 10% lower.

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I'm waiting for BTC to drop below $15k and then I'll buy on the way down...imo, the bottom will be between $9-12k...depending on what happens with Genesis/Gemini/Grayscale and the end contagion on exchanges...plus how the Mt. Gox repayment ordeal actually plays out...also how quickly Congress issues legislation/regulation .. that news will slow any drop occurring.

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Imo, this is temporary...we will retrace back below $20k, how far is unknown but whales haven't followed their typical cycle antics of flooding the market with BTC, and scooping up retails fear, happens every cycle but hasn't yet., whales and krakens have not been accumulating


Edited: I'm assuming my old post resurfaced for 1 of 2 or both reasons.
1. BTC is climbing as folks claim we are now in a bull cycle although I believe it will drop (still do).
2. Mt Gox News was released where 2 largest creditors choose the payout option that does not require the liquidation of a large amount of BTC, retail sees this as bullish.

I hold firmly to my assertion that will drop below $20k and possibly retest the #15k support level, and ideally for me, hit a new lower low.

ACCUMULATE.

LatinAggie1997 said:

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Imo, this is temporary...we will retrace back below $20k, how far is unknown but whales haven't followed their typical cycle antics of flooding the market with BTC, and scooping up retails fear, happens every cycle but hasn't yet., whales and krakens have not been accumulating


Edited: I'm assuming my old post resurfaced for 1 of 2 or both reasons.
1. BTC is climbing as folks claim we are now in a bull cycle although I believe it will drop (still do).
2. Mt Gox News was released where 2 largest creditors choose the payout option that does not require the liquidation of a large amount of BTC, retail sees this as bullish.

I hold firmly to my assertion that will drop below $20k and possibly retest the #15k support level, and ideally for me, hit a new lower low.

ACCUMULATE.

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Gensler:

Quote:

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Everything other than bitcoin is a security.

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Adjust your risk profiles appropriately.

What does that mean? They won't be taxing Bitcoin conversions the same as ETH?

It's scary how inept the gov is on understanding blockchain or a decentralized smart contract.

Whirligigs said:

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It's scary how inept the gov is on understanding blockchain or a decentralized smart contract.

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Whats a decentralized smart contract?

Definitely Not A Cop said:

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What does that mean? They won't be taxing Bitcoin conversions the same as ETH?

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I'd like to hear that too

Definitely Not A Cop said:

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What does that mean? They won't be taxing Bitcoin conversions the same as ETH?

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Thats an IRS question but I imagine that, due to its nature, BTC is more like a currency and will probably fall under CFTC jurisdiction and transactions in BTC handled just like other commodities and currencies.

Adverse Event said:

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Whirligigs said:

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It's scary how inept the gov is on understanding blockchain or a decentralized smart contract.

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Whats a decentralized smart contract?

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It's a piece of code that automatically self-executes an agreement without an authority to demand such. Look up something like CRV. I think it's pretty interesting that protocols can basically perform eurodollar functions for anyone to participate in

based on what i know about CRV i'm confident that it's an unregistered security. proof of stake is going to be a big problem for ETH, and probably every ERC-20 token like CRV that is built on top of it except for maybe some stablecoins.

editing because you removed the bitcoin maximalist line, but my advice remains the same. focus on understanding the position gensler has consistently taken for the past couple years. he is not his being secretive about what he's planning at all.

Man the language gets caught quick. It's not an unregistered security becuase there's no identity to go after.

Look most of my portfolio is btc because there is value in a simple, digital commodity.

That being said, asshats like ginsler used to understand concepts like eth before he got corrupted.

What do you mean 'identity to go after?'
Its been pretty clear for some time that all non-BTC vehicles would fall within the Howey test. The question is whether or not designation as a registered and regulated security will add legitimacy and broaden the investment pool or will compliance and management costs make the products non-sustainable.

tysker said:

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What do you mean 'identity to go after?'
Its been pretty clear for some time that all non-BTC vehicles would fall within the Howey test. The question is whether or not designation a ls a registered and regulated security will add legitimacy and broaden the investment pool or will compliance and management costs make the products non-sustainable.

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I think you understand the issue at hand better than 99% of "crypto" investors (which would make sense given your financial reporting background)

Interesting. Taking the path many of us believed TradFi would.

https://crypto.news/goldman-sachs-is-hiring-to-its-blockchain-division-amid-layoffs/