That'd be the price only moving in one direction and thats not what a free market is doing or trying to do its really about aiming to balance out buyers and sellers and price is only derived as secondary to volume. The price is there to achieve the highest volume really, the most agreed price between as many people possible or a smaller amount of people but with larger volume also can be the case of course. There has to be a time when we chalk out the previous observed price range and call that as a good guide to the future, it wont always be moving on to something new it'll just run that range in both directions for as long as need be. The OP scenario requires great imbalance or volatility, it would reflect a problem so far as I know not a good thing ironically.
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Is sideways too boring to say, the velocity could be zero and yet the journey not unexciting. It doesnt seem we will be too negative imo but clearly some will be disappointed and aspirations modified. Most likely target or simpliest view is a trade down to the 50 day average and then some recovery from there. Of course we can better judge the outcome after the quality of recovery is observable.
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The topic is old enough now that the resistance is support and its relevant that BTC might find 25k again as a place to trade downwards from 30k having lost momentum upwards. Dollar index bottomed out which has lead to some taking profits in this area across a range of asset types.
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Takes price back a week, not something I would immediately worry about as a pullback at some point is required. A price that rises unchecked tends to pull back more harshly when tested as many more sellers are ready to drop BTC then during any normal move that will cycle back and forth even with ascending in price. It probably is more important and nessecery a sell then purely short erm as during the faltering price we have traded below weekly average and now have fallen to meet the monthly average. I do think 30k or above was required for a more positive price to resolve this month, it might just be we spend an extended amount of time exploring prices in 20k range before testing the lows of May last year and the prior year. Failure to regain the prior high that was above 30.5k and with higher vol on the red bars then prior volume but it could be 28.5k is where BTC price can find enough support from it previously trading almost a month long sideways patch here through March.
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Price isnt one thing, it will vary vastly by the currency its exchanged for, most commonly we consider Dollar strength. Also as said its important growth of users and the way they use BTC continues as well and we cant be sure only a general trend. I was watching a good projection earlier involving the Dollar and its excessive monetary supply with this inertia economically relative to the recent rate rises, the projection was for 2024 to allow a return to the previous interest rate 'environment' rather this current attempt to head off inflationary factors. I dont really expect any grand rise in BTC while Dollar appears strong as it has been, say above 100 DXY. We are consolidating, probably this entire year now maybe longer just to frustrate people but so long as growth is there BTC is good and price is definitely not everything.
US treasury debt reissued at a higher rate will consume the entire fiscal budget of the worlds largest government but thats a big subject, they cant raise rates forever so far as I know so its not all politics and fine words; theres no choices in that end game it just wont add up and I think Satoshi foresaw that situ tbh.
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Being born rich can be a curse often I think in terms of developing well as a person, not having to acknowledge the full range of possible circumstances people in society have to encounter is easily arguable as a disadvantage in life. If you do not value correctly various factors put in your favor it will put that person off balance their whole lives. With good discipline and education maybe it doesn't have to matter, respect for the knowledge you are taught perhaps is enough to give a person purpose and direction but never having to work from too much wealth can easily go wrong in character forming ironically causing them harm as a person imo. The stat about being descended from the 1066 invasion is probably a bit too general. I'm also descended from royalty in some slight way not direct afaik because if you go back far enough or have enough history to call on you can find famous relations for alot of people I think its more common then people realize but very often family history is lost further back then a hundred years. My link is very weak and Im in no way fitting that idea that I would be gifted land or a bank but sure enough alot of people are related from the prior generations. Most riches are lost over time, they dont perpetuate that long as history often changes and industries, fortunes are made and lost. A dynamic well performing economy will not resemble parcel to parcel just via a family over centuries, that wouldnt result in efficient business as often as free competition and success for all in an economy.
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He'll run 2024 barring his own party making the judgement that he is unable, I dont think his health will prevent it except via perception. Theres been presidents who have literally died in office but won the election before that, I dont see that he is that ill to really rule him out on that point. The bigger factor is still the economy, he wont win if people feel worse off under his administration. Old or not is not as important, its not a baseball game he has to win.
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Good recovery today back above 30k and also the weekly average. To trade downwards but fail to solidify that move downwards, faking out the market in that negative could be a sign we are definitely going to trade upwards with some determination. I try to be an eternal student on these things but I'm fairly sure I've seen this kind of move before. Certainly in 2021 when we made a new high and moved upwards but really failed to confirm it backtracking, it was bearish and I should have been solidly decided on that at the time as again I did recognize it. Mostly a good move must be confirmed multiple times so I might be jumping the gun, Im only looking at 4hr bars and my target personally is only about 34k anyway. If BTC doesnt hold 30k, a trade below 29k will stop being positive as we register a lower low for but a build from here is very good indicator imo.
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Does it make any difference to them in prospects if the BTC price has recovered since late last year. I was thinking of the Mt.Gox recovery where people lost some of their money but gained from the price over time, does that dollar accounting give them optimism perhaps. My impression on alot of these banks and financial operations is they all can potentially fall apart if leverage and backers leave. Putting in a new safe pair of hands to manage things and maybe just wind it down and sell off the asset worth of customers is part of the game, they'd rather do this then burn it down in a firesale. Doesnt seem too irregular an occurrence to hear of a revival.
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BTC has no yield so invest wont pay the cost of the leverage used to hold BTC. So first clue right away is the premise is incorrect, the standing bias is the cost of the trade will decay the value of holding the BTC on leverage. Small details might not seem important, BTC goes up its simple profit but unfortunately plans can go sideways when encountering reality. For sure BTC is volatile, its a difficult trade to do at the best of times and I do not have certainty we are in any kind of solid bullish trend at the moment. Im optimistic but BTC has to be able to be held outside of its apparent dollar price for its general usage and leave the rest to traders to worry about. Alot of traders are professional who can write off losses, personal 'investors' cannot.
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I'd say AI can and should be able to form statistically based opinion on multiple event outcomes. However like I've said for AI over decades, its behind the curve still. Musk saying be careful its too advanced it might be dangerous is funny, what is potentially dangerous is over reliance on various computer systems. Like the Passenger Jet crash that failed because the Autopilot lost access to the available air speed, it froze over so autopilot and the pilots themselves had no way to diagnostically correct themselves and adjust course. Every pilot and driver is required to stay awake and able to fly or drive, yet people want to resign this position basically its laziness we are still the weakest point. Those scenarios are dangerous, computers are still just computers but of course I hope AI is increasingly helpful enabling utility to those access to those skill sets manually. Predicting game outcomes is statistics which is maths which is totally within the realm of a computer to extrapolate and spit out a verdict.
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Everyone has a chance but just entering with 1 ticket or similar size is realistically sub atomic level probability of winning but thats every lottery I enter, always a chance though. I always figured if Im entering the weekly lottery very often over years, this also counts in cumulative likelihood, sooner or later I win right. Is that how it works, gods of probability will surely favor me one day I noticed I can lock my tokens now via premium tab now, I tend to think the longest term is best. I dont think BTC peaks in just 12 months so thats my rough estimate. The first few tiers are a no brainer kinda sweet deal I think, every regular user should hold at least some and 12.5k isnt expensive. I think FUN already bottomed out in pricing. I doubled up to one of the top tiers when it was priced in the teens, Im not an oil sheik but I think it'll appreciate so now I've got full benefits after a year with lots of spins
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BO1 is never too predictable, alot of teams are capable of winning at least 1 map vs their opponent. The luck of the draw comes into play, is it a map they favor or not which is why many dont like BO1 for deciding a LAN. I think C9 should win vs Mibr but maybe OG could win their match vs vitality, the odds available decide if I take that risk I'll do a live bet ideally. Both OG and Vitality won their last 3 BO3 with only a singlle map lost.
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This is not the company I would state is the greatest backer or believer, it has to be users who rate first. Imagine the yield they could get using all this BTC in a casino setup. Seems a shame not to actually use it in any way and is the idea of MS is to just store it for plain appreciation. I got a feeling the yield and usage could be the more profitable avenue, I know BTC does go up alot but why not do both things in some way. They could be guarantor without ever letting them go, people write contracts on shares and all kinds of assets with the trade only taking place at a certain condition being passed and before that you receive a premium its a bit like insurance policies most are never used. On December 22, 2022, MicroStrategy sold 704 BTC, which represented their first time selling any bitcoin, for an amount of around $11.8 million.[39]
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Im surprised Canada is not a valid alternative though it will depend which border you are closer to and prices might be cheaper in Mexico but for quality assurance I'd want a company who regularly available personally. People in Europe goto Turkey maybe because of the very weak currency standard it can mean prices are cheaper then having work done privately. Though its also the case that national coverage of citizens is much better in Europe overall its not perfect and obvious the cosmetic aspect would mean private work needed quite often.
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Trump on the other hand seems like the only candidate after 4 years of Biden In a progressive way moving on with a candidate like DeSantis I think most likely but it depends on the body of support in the party either way. The mistake we could make at this point is judging merely the most vocal elements of the party and of course its Trump plus fans but has that yielded any great advantage or likely future path to power. I'd like to bet on DeSantis or similar candidate with high odds as a kind of outsider who get the nomination, really not sure he can win past that so after I might cash out before the main election. Also not every candidate wants to line themselves up for the inter term of the election, ie. the best chances of winning comes with the end of a 2nd term so say if Kamala Harris tried to run for President this is what some in politics will wait for imo, they are canny like crocodiles waiting for the best chances to snatch victory. https://us.cnn.com/2023/04/16/politics/robert-f-kennedy-family-biden-2024/index.html
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Presume it'll go 10 times against, worst case scenario and hope for that not to happen. Assuming it cant happen is where it can easily go wrong as a strategy many will recommend against it and I believe statistically and mathematically it remains unjustified as having any advantage. Its been discussed many times if you are asking the answer is no basically, its not good advice to use it but have fun is the main thing.
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The bottom pricing can take years to settle on some assets it could be the case catching the bottom is not the ideal. What most traders attempt to do is capture the most likely and strongest moments of movement upwards. Even outside of trading its far easier to take part in a market while its trending up, I dont think 2023 is a substantial move up for BTC but every move is larger in crypto then other markets and overall its probably worth being involved. I think we move into a more positive year going into the next year but I would not hesitate over waiting for a lower price now that seems too cautious. Just buy some every month if unsure.
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The speculation is that we are going to see maximum rewards on the wheel spin again, ie. BTC does trade back downwards. I think thats totally reasonable to expect so people could stock pile them but Im not doing so myself at the moment as I just dont think its worth it. BTC could rise for the rest of this year on and off and never pull back in any meaningful way which means the reward just declines while you hold it. Its a gamble and I guess some people just want to take a gamble on everything, its quite funny I would guess we see max returns again but cant say Im sure of it.
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So a 1% lead would translate to a landslide win at the electoral college. Whats happened here is the dynamics have swapped around. He did win against all predictions because of that special breadth of support spanning the states which helps win in a unique way. I do think he has damaged that diversity in state wins and votes, he has more votes because he has a greater fame now as the former President then he even managed via tv shows and the whole red cap policies etc. So its become ironic more votes but less depth within the electoral college will not allow him to win overall I think is a problem. Of course things can change, every economic report is a plus or minus towards the next opponent to Biden so we dont know exactly yet.
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