Bitcoin

[fmyth]

I have do doubt that GS is buying up bitcom with both hands. But make no mistake, Goldman is not buying to hold. They will hold until just before the bottom falls out of the retail market. They will be selling with both hands while retail investors are wondering what’s happening. It’s called a pump and dump

That's a serious and bold accusation. What evidence do you have to support your claim that the second largest investment bank in the world is involved in a "pump and dump" scheme? Goldman Sachs has been in business since 1869. You don't stay in business 156 years running "pump and dump" schemes on the public.

 

[fmyth]

i believe it's basically a house of cards and mostly fraud, which is propping up the liquidity & price of everything. maybe i'm wrong, but that's the bet that i'm putting my money on.

By "putting your money on it" do you mean you are backing up your outrageous claim by shorting Tether? If you have the receipts why not place the bet?

 

[slowcal]

By "putting your money on it" do you mean you are backing up your outrageous claim by shorting Tether? If you have the receipts why not place the bet?

no, i'm not shorting tether. I'm not aware of any good ways to short it, but even if i did, I don't have any insight on timing a downturn, so i think it's best to just avoid it. "Markets can remain irrational longer than you can remain solvent” - John Maynard Keynes

 

[rickyw]

https://www.reuters.com/technology/cybersecurity/cryptos-biggest-hacks-heists-after-15-billion-theft-bybit-2025-02-24/

How do you steal from a cold wallet?

 

[tony]

I keep getting you tube ads for coin base, says earn while you learn about bitcoin and its cousins.
Seems to have good reviews. Worth checking out?

 

[Poser]

I keep getting you tube ads for coin base, says earn while you learn about bitcoin and its cousins.
Seems to have good reviews. Worth checking out?

I use Coinbase and Binance, though Binance no longer accepts direct USD deposits, only crypto so I've been focusing exclusively on my Coinbase wallat.

If you do decided to go the Coinbase route, here's my referral link. I believe we both earn rewards if you use this link to sign up: https://coinbase.com/join/TBEJR5S?src=referral-link

 

[WiscoHoundsman]

https://www.reuters.com/technology/cybersecurity/cryptos-biggest-hacks-heists-after-15-billion-theft-bybit-2025-02-24/

How do you steal from a cold wallet?

Doing a little Google search and this is what I found on Reddit. They were transferring eth from a cold wallet to a warm wallet and it was taken during the transfer. So it would seem a cold wallet is still safe in that regards

https://www.reddit.com/r/ethereum/comments/1iuw5ff/the_crypto_exchange_bybit_has_been_hacked_and

 

[MountainTracker]

https://www.reuters.com/technology/cybersecurity/cryptos-biggest-hacks-heists-after-15-billion-theft-bybit-2025-02-24/

How do you steal from a cold wallet?

Poor op sec is how.


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[Silver Wings]

Next stop $74k?

 

[MountainTracker]

Next stop $74k?

Looking at $78k, either way good prices right now. Over sold everywhere and people are panicking, signal to buy.


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[Poser]

Bitcoin may have just bounced off 86K.

I bought some more this morning as well as more XRP

 

[bozeman]

Buy, buy, buy or Bye, bye, bye.........

 

[fmyth]

BTC down to 83k and I've started buying again. Going in easy at 1k a day in case this draw down lasts more than a week or two. I still think we hit 200k by year end.

 

[Poser]

BTC down to 83k and I've started buying again. Going in easy at 1k a day in case this draw down lasts more than a week or two. I still think we hit 200k by year end.

I bought some more BTC in my IRA today.

 

[MountainTracker]

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[Poser]

Surprised there has been no discussion of the recently announced Crypto Strategic Reserve which, if you aren't aware, will (would) involve the federal government buying (and selling?) cryptocurrencies. There were 5 cryptocurrencies on the initial announcement:

Bitcoin
Ethereum
XRP
Solana
Cardano

They were listed on the announcement in that order. No idea if that is an order of priority, popularity or otherwise. Whether by happenstance, a bit of luck and/or closely following the speculation of this announcement, I'm holding all 5 with allocations split up in a manner that matches this announced order: pretty much equal amounts of Bitcoin and Ethereum, but I've been buying XRP the most frequently for the last 3 months. I've been sitting on small amount of Solana and Cardano for 5+ years without any recent purchases, but that may change. Especially Cardano since its so cheap.

Of course, with all things Trump related, I have a number of concerns about one huge grift or pump and dump strategy so I'm going to remain a bit cautious and you should, too. If this turns out to be legitimate, this could definitely spur other world governments and even state governments to follow suit.

So, what's your strategy here? Are you diversified? Will you diversify? or is Bitcoin your one and only?

 

[Brock A]

Surprised there has been no discussion of the recently announced Crypto Strategic Reserve which, if you aren't aware, will (would) involve the federal government buying (and selling?) cryptocurrencies. There were 5 cryptocurrencies on the initial announcement:

Bitcoin
Ethereum
XRP
Solana
Cardano

They were listed on the announcement in that order. No idea if that is an order of priority, popularity or otherwise. Whether by happenstance, a bit of luck and/or closely following the speculation of this announcement, I'm holding all 5 with allocations split up in a manner that matches this announced order: pretty much equal amounts of Bitcoin and Ethereum, but I've been buying XRP the most frequently for the last 3 months. I've been sitting on small amount of Solana and Cardano for 5+ years without any recent purchases, but that may change. Especially Cardano since its so cheap.

Of course, with all things Trump related, I have a number of concerns about one huge grift or pump and dump strategy so I'm going to remain a bit cautious and you should, too. If this turns out to be legitimate, this could definitely spur other world governments and even state governments to follow suit.

So, what's your strategy here? Are you diversified? Will you diversify? or is Bitcoin your one and only?

I have my concerns as well. I hold alot of SOL so I am happy to see that on the list, but again, we will see.

 

[D S 319]

I got a good entry point awhile back into ADA, but they’re all junk against btc. They only got into the wording because of their lobby’s tossing money at it. As far as I know only Saylor has been invited to the summit on Friday. I’m only buying bitcoin.

 

[MountainTracker]

I got a good entry point awhile back into ADA, but they’re all junk against btc. They only got into the wording because of their lobby’s tossing money at it. As far as I know only Saylor has been invited to the summit on Friday. I’m only buying bitcoin.

Agreed BTC should be the only one in there bc it doesn’t have a creator lobbying for its adoption, that’s what makes BTC the most decentralized asset. The rest are just to pump fiat gains, and I own or have owned all of them but one at some point.

Another rumor swirling around is no capital gains tax on any US based crypto, if held for a year. Based on some of the things said last night it wouldn’t surprise me.


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[Poser]

As far as I know only Saylor has been invited to the summit on Friday. I’m only buying bitcoin.

Brad Garlinghouse, the CEO of Ripple (XRP) is on the confirmed list. the co founder of Chain Link is also showing as confirmed.

The unconfirmed list is showing the co-founder of ethereum as well as the co-founder of Solana.
The cofounder of Circle and the CEO of Tether are also currently unconfirmed.