Great call then, simple is best despite all the noise it did pretty much act on cue.   A ceiling maintained is bearish but price can resolve through time as well as movement.



That'd be my rough view on weekly bars.  You wouldn't want to step on that pin, owch      So do we resolve to find this pricing as a ceiling and then down to 37k.  37k fits as bottom of a channel and a fib level.
  50 day average is where we are right now but the true measure would be 200 day way down near 33k  both positive moving BTC is doing well sell or not from here.

My old boss at the cake factory would carry around a small portable TV with him, way back in the days before phones became so convenient it was very unusual.  He would watch the sports in the evenings on it and get overtime pay while relaxing on a pallet of flour bags perhaps, living that dream on a nice extra wage.   He may have gambled some of that extra money on the games he was watching I was never in the place to ask such a question of my boss but certainly we can say some people are in a nicer position when working to gamble if they like.
  Delivery drivers and Taxi I often see waiting for their next appointment they could easily watch a game and/or gamble if they wanted while waiting.    I would still say its a distraction but justified in some way as some people do have jobs where waiting around for the next business is part of the work to it all.

I feel this is only likely if the user of the BTC to pay salaries also had a natural way to acquire BTC like maybe usage of Solar or hydro power for mining or similar methods.   If BTC is in natural circulation then it seems a good idea but the usage as currency has to be efficient for them to make sense.    BTC is great in a variety of ways but my number one question for any business usage vs alternatives is the efficiency and ease of use to make that business case, it is very hard for BTC to go vs normal FIAT usage on something routine like salary payment.
  Nigeria has a bias to oil as a member of OPEC they have a large investment and asset base in that commodity.   The other perspective would be in a technologically sector, BTC is obviously part of that development in an economy so if it helps to develop business in that respect it would be worth encouraging and thats partly why I think BTC is not banned in many countries for its jobs potential in business development.

Higher rate of return can occur if you clear debts as no tax is payable on that reduced cost to yourself.  Also reducing debts reduces the possible dangers the debts turning bad or not being able to renew them.  The main reason also to clear a debt over add to savings is you cannot as easily reduce your positive action in reducing that debt where as savings can be withdrawn and spent in a weak moment when you are looking for more cash to bet or spend, perhaps a bad streak.   If Im on a bad streak I'd rather be forced to take the hit and give up the gambling till I aquire more money again, usually I will have a better thought process by that time and a better chance to win again

For sure it will take a while;  the misunderstanding may lie in multiple timeframes that apply to BTC.   We vastly underestimate just how long term the base of value to BTC is, obviously we got a ton of speculators in the price and that has its use but these people will sell off in weeks as its extremely common to be leveraged.  Leveraged sellers always have to sell to pay off their borrowed dollars used to buy BTC, price apparently maxed out at 49k in that extent.  Its not a negative you should carry over to every other time frame, it does mean the sell is valid for this near term.
   Just hold every time frame separately, all related all important in their own way with varying amounts of influence.   BTC is certainly not negative, selling, circulation of BTC can be a good thing and I hope people who want to buy and hold get to enter with a lower price and this is all a positive cycle for them.

The wider point is the site itself cannot continue if people abuse the faucet and stretch its validity, we all know its certainly the case that people will try to use multiple accounts.  Its just an obvious problem that has to be countered and the conclusion if unchecked the site does not continue so nobody on this thread is going to agree it was ok to sort of cross the line on that.    Its unfortunate if everything you say is genuine and it was a mistake but the nature of the site is they cannot let people continue to 'sort of' multi use the site faucet its not a maybe situation so nobody is winning here it is just the way it is.


For the end of month bet we are in a pivotal place.   I need to see like 43k occur and hold or we may see further weakness.  Its not a bigger deal in a larger picture but it could mean a much lower price then many hoped and the recent high, its required by BTC to stabilize the sellers who came in on good news which is something that often occurs in my experience so all normal price action.

My biggest take away from the Republican race is that the infighting and toxic nature to it all will divide and conqueror their chances to put up reasonable opposition.  This is confirming a further Democrat win or reelection is most probable as the outcome.  So I would place bets on that being the final ending to this race, most likely that means Biden.  Though many might criticize Biden over his age, even his own political allies thought he was too late in life to come to power as I read it but I think as an administration he can continue.  The main deal to Biden continuing is the economy and thats how I judge it really, the rest is chaos and distracting.

He could be saying something totally true just it would be via faucet collection and very small amounts.   Thats totally fine, little amounts of BTC over time will be still be good I wish I held far more then I did.   I look at markets every day and still get confused.  Some really really dont look at prices or graphs that much so such actions continuing or not will remain more of a mystery;  I reckon the majority are reliant on news stories which tends to be reactionary.  

Nope its not over, I'll go out on a limb and say the days of BTC gaining 10k in one day arent over.  It can happen its just the market is more developed now, you have people doing all kinds of adjustments to the price to utilize this volatility.   Of course when I say we can gain 10k I do also mean BTC will lose 10k in one day too.   Because days arent fixed in BTC we could be down 10k in mid afternoon and appear to close the day neutral, the volatility itself is a bull market and I would describe that for the whole market entire just BTC is part of that and noted as well capable of exceeding most of other assets in volatility.
  If I think the world overall is becoming more volatile it would be quite a disparity to believe BTC has become now more boring inversely.  That'd be great praise actually and if you find something solid in a storm, its useful so I mean no negative if I were to say BTC stayed the same price the whole year I just dont believe it.   Same answer for anyone who thinks BTC will just gain now because we got the ETF and halvening this year, I dont believe it for a second;  not expecting we will have negatives is just saying you wont be looking when you get knocked off your feet.  Be ready for BTC not to be boring it will be more profitable to stay realistic and expect waves of instability to be apparent far more then now.

 Quickest tip would be to avoid borrowing money or spending ahead of actually having the cash, often waiting will improve the price and quality of how you spend on an item anyway.   Often while delaying a spend I realize some detail to how or which model Im buying that is quite vital.  Rushing into a buy I often see people have to sell their first purchase and buy a different more suitable product to suit their needs.  Thats on top of the interest costs to buying.
Never lend money, never borrow it either.  If you give money and hope or appreciate in its return thats probably the closest you should get to such an idea but generally if people dont have money they will repeat that so in effect you will be giving them and its best to be realistic when doing so with either friends or family etc.

Buy 2 tickets because its double 1 at only a nominal cost increase.  To do the same again requires quadruple your first ticket and each double of tickets and chances requires the larger amount to achieve that gain but the first 2 are the best value tickets.   Those 2 can be argued best, if you dont win save the money for the next lottery draw.   There is not enough ways to increase your luck, the argument depreciates as you increase the amounts hence you stop at just the first iteration of this idea and put your effort and capital into other avenues of chance

Jim Cramer is just one noisy guy wavering his hands about alot and saying exciting things for his TV audience.  He is useful in reflecting the general public in some way, I dont think its directly inverse.   If you literally could do the opposite of what anyone was saying that'd be so useful but sadly not.   I think Cramer or anyone can be useful for telling you when popular opinion and the crowd is in the price hence we may be 'full' at that point.  If no further easy buyers are left to enter the price it might be the power swings back to the sellers, its a balancing scales  no manipulation imo.

The British pound can drop to zero, did anyone ask him that question of possibilities.   His answer if honest would be of course a piece of paper can revert to the simple thing it is which is just a note promising an exchange with no fixed worth so that worth can be zero.   Bank of England already realized a loss of nearly 99% of its value, he is a bit late to the party to say others can lose 100% as if he stands on a record of clear superiority.

Consider the figures for a second, $50 of lottery tickets would deliver a possible excess of 42m quite easily.   If we consider the statistically probability of each risk to value gainable in the bet you have your decision whether its worth the spin in this case.   So far as I know lotteries arent particularly good value bets, its just considered a safe slow but possible big win kind of bet to involve a general population in.   Live betting is considered more of an involved risky bet but its possible the odds are nicer and so the OP proposition is actually superior value.

Gambling is maths, its educational.   I think thats a great excuse and easily arguable, I'd stick to my guns on gambling being relatable to maths and completely harmless if done in a controlled manner.   Gamble with a budget, do the maths as homework before partaking in a bet and its a perfectly reasoned past time to enjoy whenever you feel like.  Like any activity, dont over do it or it can become harmful but life is full of challenges like this.

At present they have both domains referring to the platform but Twitter is just a better name.   Literally they created a new verb, how many companies can say they altered the global lexicon with a new word which is also their brand name; that was real value its hard to argue he didnt destroy part of that value with being X instead.   However X also is unique and true to the extreme brief meta of twitter as it started out.   Theres only a few one letter domains allowed, most of the alphabet is banned but this and only a couple others pre date that rule so is some value.  Personally I would have kept that bird, agree tbh

For sure regular betting is the way to go rather then one off attempts to win.   The main reasoning is the person themselves will season and mature better in their betting style whatever that might be, you will be less likely to overreact or be emotional on wins or losses just a steady path forward much more likely to profit then normal.
   However I wouldnt want people to feel bound to bet every day as if the luck slips between the gaps if not caught quickly, I do think its person that is of highest value in this idea not the random odds dictating when and where the win comes.

Actually I can remember a time of gambling in work quite a while ago.   In the dot com boom of 2000 there was alot of websites tracking the markets trying to raise traffic and giving out free bets for regular visitors.  Before BTC came along the most similar 'small' transaction was micro advertising revenue that was the life blood of quite a few small sites and operations, really not a currency but the closest thing to online digital revenue or flow of value was that bit of advertising.   Anyhow me and a couple people would spend time to enter the free bets and contests while waiting at any point in the office, not proper gambling because you cant spend more then a minute but officially not allowed either.   Im sure quite a few people spend time doing similar, the problem I would state with some gambling is that it cant be paused hence is disruptive to work be cautious.

Classic reaction, the one big thing I would say is the greatest gains for Bitcoin have been longer term.  Its ironic perhaps but the spikes, the fastest moves often reverse and dont account for most of your gains if you are a holder.   The amazing and surprising thing to many is the longer term gains that hold over years, thats really what makes its such a well performing asset.   
  This reversal right now is par for the course, quite normal and a function of the volatility to BTC we are all aware of.   It has to even itself, its healthy to do so and markets require everyone at every order book price with volume to get filled really.  We're in a kind of pivotal place for direction, target downside imo would be 36k and I would remain bullish in that scenario.

It did affect the price, thats why we already rose so people missing this is often the case with big news.  Quite alot of the positivity and gains in price action occur before as this is the nature of speculation.
  I see BTC pull back to the 50 day average which makes it medium term positive trend with that positive moving average.  It counts as a reset for sure and just means we didnt move much in the last month just overall idling back and forth.   For the 100k question which is a longer term year out type scenario imo or more, this isnt altering that prospect and some might argue a fair reset improves the quality of the price action especially if we can rise again from here as we did start of the year on that sell.

Whales dont control the price, influence and trade it perhaps and it can show short term before the next wave corrects but the real deal for BTC is going to be that ETF allows the common investor to be involved more easily.  That idea alone could greatly increase the amount of BTC held by the diversity of the audience its available to.   The really big price changes always come from the massive amounts of people doing that trade rather then the idea of 1 big guy with alot of money, they still dont compare to the crowd for movement and power.