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I was watching a podcast about Libertarian cartoon series Tuttle Twins which is big in America. It's owned and directed by right wing Mormons from the same studio that directed "Soldier of Fortune" which you should also look into.

Anyway the general theme of the Cartoons see the two children in different situations that might challenge thier Libertarian individual mindset. Of course this is eventually resolved with a realisation of why socialism is actually bad. They have a gran whose from Cuba, and of course Cuba was lovely until the nasty Commies go their hands on it. Sometimes it's subtle, but not very often.

Anyway surprise surprise they also had a whole episode on Bitcoin basically advertising it to children. I haven't watched the whole thing, but it's hilarious whilst also being concerning as these people have serious amounts of money behind them.

Why would right wing Mormons libertarians be so into Bitcoin I wonder?

Here's the episode if you want to get the gist:



The podcast series Fundie Fridays is great and highly recommended as they look into all sorts of stuff on the religious right.
 
Surprised to see airdrops involved in the scam there. We were told they were going to make everyone rich.
I've heard of this Nigerian Prince who needs to get money out of the country, he's going to make everyone rich too.

If returns are between 5% and 10% check it carefully it is possibly a scam. If it is more than 10% it is a scam or illegal.
 
It seems to have had zero impact on Bitcoin prices, mind. Which really shows how divorced from reality those prices are. It’s all about the buying and selling of a few huge holders at this point.

The last six months below, and zoomed into the last week. Try to spot where the effect of a massive liquidity crisis might have occurred in the last few days.

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It's fascinating to read the first pages of this thread, as people start to grapple with the concept of crypto. We've learned a lot since 2010, although too slowly to do most people any good. I wonder if anyone here made their fortune....
 
Looking at the 1 day charge it started tanking then suddenly recovered about half of what it lost.

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It's sudden swings like this that to be make it look even more suspicious and there is manipulation of the price.
 
Looking at the 1 day charge it started tanking then suddenly recovered about half of what it lost.

View attachment 395973
It's sudden swings like this that to be make it look even more suspicious and there is manipulation of the price.
What you describe there as “tanking” is actually less than 1% of its price, which is the usual daily volatility for Bitcoin. Basically, a massive liquidity crisis in its biggest exchange seems to have no effect on the price. On the surface, that seems like good news. But in practice, it speaks to something very, very wrong in its marketplace.
 
What you describe there as “tanking” is actually less than 1% of its price, which is the usual daily volatility for Bitcoin. Basically, a massive liquidity crisis in its biggest exchange seems to have no effect on the price. On the surface, that seems like good news. But in practice, it speaks to something very, very wrong in its marketplace.
But it is a very rapid decrease, not that is lasted a long time and it bounced.
 
But it is a very rapid decrease, not that is lasted a long time and it bounced.
Yes, but that’s normal for Bitcoin. Look at the equivalent movement up at about 5am. These are single large trades that have large one-off impacts to the price. The key is to look at the volume traded — it’s small even at the point of the jump:


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Note that there is less traded at 10am than there was even at 5am. It’s just single trades, basically.
 
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