Deflationary events in the fleshy parts of crypto is not new, this is dollar based regulation which is a regular point of 'interest' over many years.  Central banks arent in conflict exactly but if people step on their turf they will frequently clip the wings of any entity using dollars I think thats not just a crypto thing its anywhere anyone that falls into the targets.  Its obviously important because the dollar is a behemoth in anything finance related but its not new thats governments cast a long shadow over anything within their reach, I only wonder about non dollar stuff some places its a question is anyone allowed to do anything not beneficial to a central entity.   All kinds of tremors are going to occur if a large amount of change occurs, so disruption cant be too unexpected imo.  

Automation efficiency can be exceeded by a bot over a human but not conclusions formed, the bot is just searching for answers to similar questions to the one you asked.   When it finds relevant information which is a useful task it will format and present that to you but its made quite clear its just a reformulating the search data afaik.
Theres no comparison between the person and AI to me, the person is aware of the knowledge its collating far more then the AI which is doing a good job to categorize in various ways so thats everything is related.  The conclusion is really still left to the person and often it wont be an immediate logical answer given but hopeful of some help in the pure data presented easily and while in a background window especially this kind of multi tasking is always going to be useful as a tool.
  Its good they have give some autonomy to the computer to decide no your question is not correct, here I have found a direct contradiction that proves the answer is no.  Thats useful but it has to be quite clear and plainly obvious for the AI to be answering fully yes or no I have found.  It can be a learning aid I think, really awful when used to prove an essay answer etc.  it would reflect badly on the student.

Its usually the money which is a problem.   Allocate a set amount for playing the game, stop telling yourself anything about winning back money lost.  Its a game not work and not there for earning money like a job.  Just separate those two events in your life, a job can earn money a game will not.   Part of the game is winning some  money maybe but you need to literally write down that fallacy and then cross it out, once you recognize its a spending event for entertainment I think its alot easier to handle any addiction.

Snopes declared this a false news report, Sweden has not declared this so I doubt any bets will placed on anything especially unreliable.     Guinness world records stopped recording anything where the participants could suffer injury especially so I would extend that logic to the idea of this as a sport.   Its still possible it could cause unexpected consequences not just the obvious, I think its really unlikely to anything regular for betting purposes.

FTX back in operation (properly) is a good thing if it can manage to do so sensibly.  Whats more surprising is they dont change their name, the brand name apparently is worth something still in recognition and that is probably unique to crypto.  Anywhere else in business, the accounts and standing business left in FTX would be absorbed into another company.   JPMorgan just recently took over another bank and presumably they will cease the use of that former banks name etc.    
   I think its a positive because its what would normally happen with any business, you dont throw it away anymore then you have to.   Thats a positive going forward because it encourages investment to reduce the losses from prior attempts to invest in this space.   The fact they were not BTC based but other blockchains and so people disapprove of that, thats a separate line of criticism.  Many wont separate crypto generally from BTC its all the same sector to them, I think in terms of innovation to address the public thats generally how I would view things too.

Spotting a trend on daily bars to observe in continuation or hopefully a break back upwards at some point.


We can see the price range since March bullish action was mostly 27k or above.  Recently, we have failed below that, keeping it as a rough ceiling to price action apart from a few days end of last month.   That will be price level to beat for a switch back to positive action and a hopeful a break of this negative price channel, also the 50 day average in blue is about that area so a couple of reasons to maintain above would likely reflect positively.

Its not new, that idea of cross trade excluding Dollar could be said to go back to the 1980's if you wanted.  The idea back then was silver backing trade in some avoidance of the Dollar losses to inflation at that time, it worked till it didnt and the silver price collapsed.  Before that Charles De Gaulle the general from WW2 and also leader of France till 1959 complained about the Dollar failing and demanded as was his right at that time gold instead so that was only about a decade after the global reserve system had first formed post war.   Its been limping for a while with many objectors especially recently because its decline is accelerating if anything.
   Dollar has the most liquidity, its the most widely accepted for the greatest variety of goods, I will even take some dollars if you want  .   If Russia has too many Rupees I wonder why they cannot find things to buy in exchange for that money, its a big country but I guess its possible they already have a source for everything India might offer hence the trade exchange is jammed and not liquid.  Also a false exchange rate will create this problem anywhere as markets must be free and able to settle prices for deals as they wish or they are obstructed and society becomes poorer for it.
   To this day France and a couple other countries retain large amounts of gold because Dollar wont last forever.  China is one of them starting this century with no gold its been the biggest buyer and producer for a long time.  However gold is harder to transport and so possibly less liquid then dollar or a number of alternatives in terms of settling trade regularly especially under any imbalance.

Prices in Turkey and Argentina are both unbelievable.   Could you supply gifted steam games also possibly or is that barred trade, can I add you on steam for future maybe?  I often have people in a rush buying games together for multiplayer and theres always one person who doesnt have the full price available to spend which spoils the evening schedule etc.    The massive gap between countries for the same exact product has to be some kind of opportunity but also I doubt its too easy exactly because its so obvious.

A sub is for 1 month, I think thats not too risky a purchase and alot of games are variable in price and next Steam sale is this month I think.

Debt default is bad for everyone, a bad event happening to a neighbour is still a bad thing overall for everyone in that neighbourhood.  There isnt too many circumstances that people can suffer to that extent that somehow leaves your outlook sunny and better off, it will effect everyone.   Thats how I view an economy, a reflection of society not separate or isolated.   The main thing to note is the ongoing debt situation is already a negative, its already distorting free markets with this overshadowing effect from central government and endless new money printing to serve that debt above all others.
  Crypto is really in that comparison about mitigating a negative, clawing back the losses from the abyss by avoiding leaning on something you know is rotten and soft ready to fall over.   Who wants to put all their weight onto something already known as a negative, people naturally want to distance themselves from that potential loss and the already ongoing loss hence crypto has its uses in many ways but I dont think it can possibly perfectly counter act and save the day largely because many arent involved.  

Hit the jackpot and stop is more sensible then alot of plans and at least it is a plan.  I think the worst actions would be completely unplanned, unscripted and not remembered even.  At least you can learn from events you remember clearly, its all just reactionary then nothing is learnt just repeated.  The worst mistakes are repeated, always try to gain something even in loss that can be valuable I have found thats small but some consolation.

Go on time more then price if anything.  The price can vary within a range (box) of prices for various almost random reasons positive and negative and we bounce around in that box for a certain amount of time like popcorn cooking.   Until we gain the energy to leave the box its not actually so interesting and its more related to time then price or even the news events.
   How long we been cooking, are we ready to serve or enter the final stage before its good to eat   I think the finest meals arent rushed, buy a little over time regularly is the best advice & nothing wrong with buying today imo.

It can happen, never say never because we all know BTC can move like a locomotive with good momentum.   However right now we have to say BTC and crypto in general is lacking that kind of inertia to break down any barriers to higher prices.   Theres no threat higher and imo I dont really expect much lower either, the support from prior highs is likely enough to keep us in this area for a while.
   Overall the market may be more stagnant over the months till we reach the end year quarter where traditionally markets can be more active.   There are expectation that various central banks will transition policy to develop into better trading opportunities till then its all speculation which means sideways in sum total is the most likely path for now.

Their whole society is like that, Russia also.  You cant stop people doing what will work for them, a nation shouldn't even try to do this yet this is the basis of dictatorships a weakness not a strength.   Of course it will carry on the country is gigantic and wherever else is similar the world and nations generally are strong from their people not vice versa.    China banned BTC and the price doubled as I remember it in 2017.    Similarly now apparent negatives are headlines not necessarily actual ongoing impairments to BTC itself.

When I plot this I take the first low seen in June last year rather then the eventual low that developed.   This is the nicer view because we are more positive in passing this first bar as a Fib level already and remaining above it at this time.  I think we can move down to 24k area before recovering properly to your target area over some months.  If we're running in circles for the moment with no great trend in reach at present then a lesson I remember from past savage markets is patience and watch for higher lows rather then the peaks especially, peaks are the more erratic and noisy action.

You arent wealthy unless you save, however you cant save plain cash as its losing value often.   But to have savings is generally going to include stocks and bonds beyond plain cash I think is fair.  Some say their house is their savings I dont disagree with that though variety is required, a few would say a house is a liability not savings but depends how you play it as you can improve a house which is a form of self improvement I think in the same category as savings imo.

Its a loss leader for sure, I agree with this point of view but its not like we havent seen this before and it can be a success if they are moving towards mainstream at all.   Theres plenty of rich people out there or those who will borrow to buy something unique, make it Apple and you add a legion of fans of which Iam not one but I do understand their customer loyalty is off the charts compared to most brands.   Main concern is that unique product and also to be ahead of the crowd, if they get yet another product that has a large share of a growing market then its a success.  They carve out a profit later from that foothold they garner by acting now.

BTC to meet 24k I think before we can judge its performance vs the 200 week average, it should rebound above but the MA itself is not support.  The closing prices of last summer is where I think it should hit and bounce.

Is that a 138meg .gif       As awesome as I think memes are, I think we can leave behind file formats from 1987 (36 years old in 9 days) that have been superseded.  Definitely deserves a cap, Imgur I had thought did this a while back but not retrospectively perhaps; probably its showing up as an disproportionate load to bear.

I will switch over to TalkIMG if possible but I upload graphs from all markets to imgur (account) anyway, just as an online album I can keep.    So Im not sure if they are tightening up access to be purely only via their website, not their current policy but seems they might go that way as its just a repeat of history from prior image hosts Ive used and I lost anything I put there eventually.
  I often put media on Twitter though its not really supposed to be used as a host in that way, again mostly its for my own reference over time.   Imgur is not really working 100% I guess  I was not posting inline just as a URL link surely that'd be ok.  I use a hover extension that displays it just fine most of the time, not everywhere likes such usage but imgur used to be an exception to these hassles. 
  Hyperlinks have been the backbone of the web for decades now, blocking even that is sacrilege ; but of course due to traffic it happens I understand.  No idea who currently owns Imgur or who has taken it over etc.   I missed any rule change here on this forum in particular if there was one, obviously I try to avoid anything that returns a bad or missing img/link

The mistake might be that he is the inverse of a hands off owner, he is the everything to a company which can be advantageous and also a disaster.  Hence why people became bearish on Tesla when he bought Twitter as its a distraction to someone with so little time as it is.
  I don't think his tenure as Twitter CEO has to be said to be a disaster, he was transitioning the company from one thread process to another in theory there is so much room for improvement it merely requires more work to justify itself.  That work is surely not yet complete or even mid way but it is important he delegates to others now so its not just about him.  Some companies fear change, clearly he doesn't especially.  The advertising figures are simple, they can recover so long as he improves traffic and value to those advertisers; I'm not seeing any long term destruction just avoidance perhaps.
  I will judge this whole Musk era Twitter not by that dominant personality but whether he can allow others to take over and do the work, find the right people and it will change everything.

If you believe in range bound action this is a better time to trade BTC within that range then previously when we were near to the top.  Boundaries are always approximate and will move but BTC has been bouncing up and down for a while, might as well buy on the down move rather then up imo.