Member Info for red_rag_to_bull

And a shade worrying i must confess. Seems that news is not far away now.

Cheers - much more nuanced and reasoned and a fair summary (which i'm onboard with).
These message boards seem to really turn the dial of posters into binary mode.

Whilst i agree that the 'no comms' in unusual (particularly given PWs tendency to want to blow his trumpet loud and often), there's zero evidence to make the leap to bankruptcy being the next update for the market. I think that's a bit of a leap tbh, but i am stating that from a position of being heavily underwater so make of that what you will. I'm more of the opinion that there is probably a lot of work going on in the background to try and avoid that and nothing can be said until all that has been exhausted.

Might see some movement tomorrow, however volatile it may be.
There is a swathe of US economic data out with JOLTs at 3pm.

Yup, agreed.
I was just thinking it's been a really, really long time since i saw a good old fashioned BTC pump. I miss those days....

Ether should be classed as a security as it cannot pass the Howey test in its current form as a token and as a centralised organisation with the ability to exercise authoritative control, tokenomics or application/protocol level changes without consent of all participants.
Bitcoin has already been confirmed as a commodity by GG of the SEC, so that should be fairly cut and dry by now.
The next two years will see a wipeout of most of these unregistered securities, but perhaps Ether will cling on. Bitcoin should be allowed to be a registered commodity under the authority of the CFTC.
This whole argument should be settled globally so we can move on from it....

BTC is up 2.34% on the day at time of writing. ARB is up 2.61%. Seems about right to me....

Dropped from ATH of 342 EH/s (8am GMT, 12th Nov) to 231.6 EH/s (as at midnight GMT). That's a significant drop over the last couple of days. Plugs must be being pulled by lots of public miners i reckon.

Anyone know if any of the other miners have any HODL with FTX or tied to it somehow?

Weekend volatility instore.

Has fallen outside the bottom of the upward channel since Feb 3rd this year, yet BTC flat as a pancake. Everything has conspired against BTC this year, or so it seems. Once again, 2022 in a nutshell.

This guy is an embarrassment to himself : https://threadreaderapp.com/thread/1590709166515310593.html
He comes across as a complete imbecile.

After two years out of this, i've bought back in with a modest start. I was impressed with the presentation and some more clarity around the Lanstead funding. I'm not expecting miracles, but if this type of communication and clarity on development timelines continues, i'm hoping for some momentum over the next 6 months.

Well, good luck to you and each to their own.
I'm staying clear of this and it's ilk. Any dry powder I have for now is going into value stocks or bonds. There are more shoes to drop i fear over the coming months in anything that isn't long-standing, near-recession proof and can offer capital protection.

This time last year, people were all frustrated that the SEC wouldn't approve a spot ETF. To be fair to Gensler and co, they have saved Joe Public a tidy sum by rejecting them all.

PoorInvester - still seeing 18k in the morning then? I have to agree with Chopsing....this whole industry is a falling knife (at least for now).

Thanks for sharing - that's an interesting read. This is going to take a while to unfold and will attract way more attention that than 3AC/Luna/Celcius due to the amount of retail investors in the US having money tied up on FTX exchange. They are unlikely to see that money again but the SEC are going to come down on all this hard. Fundamentally, this is a mixture of the 2008 GFC and Enron. It's just grim general PR for this industry - it's becoming toxic even to Main Street and certainly an investment money-pit. Maybe 2022 is a nadir, maybe it's the ultimate wheeze towards and ending. I really have no clue anymore.

:) Ha....yeah, he's got some front. I was really referring to his secular/cyclical argument though and how the market has no centralised arbiter so the cycles are more punishing or rewarding depending on when you enter as a participant. It's all a shill on YT isn't it....

...this is a considered and well articulated set of thoughts on the crypto space overall.
https://twitter.com/RaoulGMI/status/1590360845246435329

Good luck with that punt on SOL. In the next 24 hours, $330M staked SOL has been unlocked is about to hit the market. It's going below 10 easy, possibly to zero due to how closely tied it is to the now toxic SBF/FTX in general.