I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.
NimusNix on
It’s a scam. It will always be a scam. If you got suckered by the scam, don’t try to sell me on the scam.
It’s used for human trafficking. It’s used for illegal arms sales to foreign nations, to terrorists and to enemy state actors.
It is not backed by any government the way the dollar is. It has no protections for the user. Lost access to your wallet? Fuck you. Sent a payment and want it back? Fuck you. It devalued overnight because billionaires dumped it? Fuck you.
Your benefit from it will never match those at the top. It is a scam.
jpdoctor on
The good folks at Bloomberg do not seem to understand the basics about bitcoin: The blockchain data tells you *exactly* how long an entity has been holding bitcoin. So quotes like
>According to Thielen, long-time Bitcoin holders have offloaded around 400,000 Bitcoin over the past month, an exodus of about $45 billion that’s left the market unbalanced.
4 Comments
*Bitcoin fell as much as 7.4% on Tuesday to dip below the $100,000 mark for the first time since June.
Long-time Bitcoin holders have offloaded around 400,000 Bitcoin over the past month, an exodus of about $45 billion that’s left the market unbalanced.
Markus Thielen warns the unwind could last well into next spring and sees room for further declines, with a maximum downside target of $85,000.*
https://archive.ph/4BcS7
ThE LEDgEr sHouLD shOW whERe iT weNt…..
I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.I’m writing this sentence so I don’t get fined.
It’s a scam. It will always be a scam. If you got suckered by the scam, don’t try to sell me on the scam.
It’s used for human trafficking. It’s used for illegal arms sales to foreign nations, to terrorists and to enemy state actors.
It is not backed by any government the way the dollar is. It has no protections for the user. Lost access to your wallet? Fuck you. Sent a payment and want it back? Fuck you. It devalued overnight because billionaires dumped it? Fuck you.
Your benefit from it will never match those at the top. It is a scam.
The good folks at Bloomberg do not seem to understand the basics about bitcoin: The blockchain data tells you *exactly* how long an entity has been holding bitcoin. So quotes like
>According to Thielen, long-time Bitcoin holders have offloaded around 400,000 Bitcoin over the past month, an exodus of about $45 billion that’s left the market unbalanced.
are ridiculous[ because you can just look up the data yourself](https://cryptoquant.com/asset/btc/chart/network-indicator/utxo-age-bands?window=DAY&priceScale=log&metricScale=linear) (link is just one example). Unless you believe that “long-time Bitcoin holders” are people holding bitcoin less than 5 years, the data say the opposite, ie people holding for the long term are *increasing* not *decreasing*.