@goldkingcoiner. So according to your argument, if bitcoin fails, no other project in the cryptospace should succeed? Is this not very much removed from reality?
I am also not saying that bitcoin will die. I am only asking if the people would reconsider using bitcoin as a store of value if it has been overtaken in market capitalization by another coin and if bitcoin's value falls continuously.
I didn't think that he meant "no other project in the cryptospace should succeed" but that if bitcoin were to die, it would indicate some fatal flaw with crypto in general which would mean that no other crypto would succeed. Perhaps it is a subtle difference, but that was the way I understood it. :-) I reckon that it is much worse because it is telling everyone that if bitcoin cannot succeed, no other cryptocoin can succeed. The arrogance of this type of thinking within some groups in the bitcoin community is what is causing to make it comedic and intolerable. This is very head shaking behavior. If you do not know what I am talking about, there are many Max Keiser videos in conferences. |
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Generally there is always a difference between Bitcoin and Gold. As we consider a fixed asset then gold can be one, even though it has very little volatility. Bitcoin on the other hand is the most volatile as its price can go up or down in shortest possible of time. If you think of a bearish market then many will favor gold and if you consider as bull then nothing will be comparable with Bitcoin.
However, if we deserve bitcoin based on the future and it's potential, Bitcoin will definitely be ahead from all aspects.
Bitcoin is very good as a speculative asset and has the potential to become a longterm hold asset similar to gold. However, to compare the 2? I reckon it is not yet comparable, I reckon. Gold has been used since before the time of Jesus Christ with much of its usage as money going back to ancient times. We can say for certain that gold will never go away, during times of peace or times of war. The world can go back to the stone age and gold will always be there. We cannot say something similar for the cryptospace. Although the future of bitcoin isn't as certain as the future of gold, investing in bitcoin is definitely more profitable than investing in gold. What we need to do is diversify our investment portfolio. Both are very good assets, each with different pros and cons, so holding both is advisable. Bitcoin for speculation and gold can be a safe store because of its certainty and low volatility. In this way, we will limit our risk and maximize our profits. I very much agree and this is why many of us and many institutional investors have been attracted in the cryptospace. It is not because we are in for the technology. It is because we are in for the profits. 1 year bull market in the cryptospace is more than 5 years bull market for gold and many other commodities. Volatility is good for speculative investments but very bad for stores of value. This is also why I have began arguing that bitcoin is not a good store of value, which many influencers in the forum appear annoyed. However, this is reality. |
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Edit: just an FYI, everyone should keep in mind when voting for IR spots that having more than normal is a good idea with Covid and all.
Agreed! It would also be much easier for us newbies in this game hehe. I like going to the waiver wire and make trade requests that I do not need, however hehehe. |
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Jake Paul is calling out Andrew Tate now after his last two opponents haven’t been able to find their way into the ring. I think Andrew Tate is one of the few people that is hated more than Jake Paul is. I’d love to see this fight and I’m not sure how well Andrew Tate can box, but given his ego I think there’s a decent shot of a fight like this happening and drawing an audience. The only thing is that I’m not sure Andrew Tate needs the money.
Hehehe if Jake Paul gives a good offer for Andrew Tate and Andrew accepts, this will be one of the highest payperviews in the history of the sport of boxing. Andew Tate has become quite the internet personality that is being idolized by young people for his life counseling in social media. |
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Generally there is always a difference between Bitcoin and Gold. As we consider a fixed asset then gold can be one, even though it has very little volatility. Bitcoin on the other hand is the most volatile as its price can go up or down in shortest possible of time. If you think of a bearish market then many will favor gold and if you consider as bull then nothing will be comparable with Bitcoin.
However, if we deserve bitcoin based on the future and it's potential, Bitcoin will definitely be ahead from all aspects.
Bitcoin is very good as a speculative asset and has the potential to become a longterm hold asset similar to gold. However, to compare the 2? I reckon it is not yet comparable, I reckon. Gold has been used since before the time of Jesus Christ with much of its usage as money going back to ancient times. We can say for certain that gold will never go away, during times of peace or times of war. The world can go back to the stone age and gold will always be there. We cannot say something similar for the cryptospace. |
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@Dave1. If it really was because of Microstrategy's losses in their bitcoin investment, Michael Saylor would never admit that it might be the cause of his step down from being CEO. I reckon Microstrategy itself as a company would also never want the public to know. It would make them look very stupid.
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@Baofeng. He almost made the weight? This fight would have been a very clear knockout win for Jake Paul, I reckon hehehe. Jake Paul was very wise to demand 205 because he does not want to risk reducing the odds of his victory versus a real professional boxer.
In any case, to save Jake's reputation as a promoter, the next he should do is to have the fight against Tommy Fury organized this year because a victory versus Tyson Fury's brother would certainly increase Jake's popularity as a boxer, a promoter and a showman. I think as a showman, he is a genius following the footsteps of other genius showmen like Vince McMahon and Andy Kaufman.
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BTC doesn't have to fight gold, does it?
In fact, BTC is made to defeat fiat. Gold is something different. You can have both BTC and gold. why force yourself to choose one over another?
Gold is good. It made stunning jewelry.
BTC is good. It pays for my coffee.
Lovely! That's exactly what it is! Bitcoin and gold belong to different leagues of assets. They don't have to be compared with each other. Both of these assets have different use cases. In a nutshell, it doesn't matter if bitcoin is more scarce than gold. On and off, I am seeing a frequent comparison between bitcoin and gold which doesn't really make sense! Even if we consider both as an investment, still they ahould not be compared! Agreed and as far as scarcity is concerned between gold and bitcoin, it is a head shaking comparison. Gold is in the elemental chart, having physical properties and it cannot be forked and be called gold and gold cash with 2 communities fighting for which one is the real gold. Bitcoin is different and complicated. It is scarce but only according to social consensus because it can be forked and have another 21 million coins created in the other chain with another community arriving in consensus that their fork is bitcoin. |
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Well, I did say some time ago it was bound to happen. You get a vocal guy representing his company less and less as a tech developer (actually I don't even really know what they do) and more and more as a magic internet money holder. Board was never going to sit still, squirming with every Tweet asking companies to stop buying their own stock and buy more BTC instead.
Personal/business lines do get blurred a lot and this was only appropriate.
Agreed. There is nothing wrong in giving investment tips the cryptospace, however, when a CEO of a Fortune 500 company begins becoming the leading circle jerker of a cult and also tells them to refinance their homes to buy bitcoin, this is where it becomes really head shaking. I am not certain why maximalists are very much removed from reality and consider him a genius. Call him a genius after he makes $1 billion in his bitcoin investment not during a loss of $1 billion. |
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Taiwan is one of the chip-producing countries in the world, which are used for electric cars and mobile phones, if China is really serious about attacking Taiwan, I personally think it will be affected by bitcoin, such as the events that occurred between Russia vs Ukraine, making market participants worried again. and almost all assets fell, not only crypto, even the stock market was sluggish, I hope there will never be another war, because so many will become victims of war, because war makes the economy weaken in all circles.
Also, world war is an event that causes more inflation. This will cause the prices of commodities similar to crude oil, coal and natural gas to increase and also cause the prices of energy around the world to increase. This will also cause the miners' costs to mine to increase. Production of mining hardware will also increase. This and a recession because of war might be the cryptospace market's hardest trial to survive. I speculate bitcoin's market might survive because it has the biggest with much of the liquidity, also maybe Ethereum. However, much of the rest might die. |
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News update. It appears that massage therapists in Cleveland will presently feel safe. The judge included a mandate that only massage therapists that were hired by the Browns will touch Deshaun Watson's body hehehe. Robinson’s decision also contains language that mandates Watson receive all massage therapy from Browns therapists, according to a report from NFL Network’s Tom Pelissero.Source https://www.si.com/nfl/2022/08/01/deshaun-watson-ruling-includes-mandate-about-massages-per-reportThese women were hired by the Cleveland Browns to take care of all Deshaun Watson's massage therapy needs. I am quite certain that there will be no more sexual assault.   |
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~
If Jake has big balls and a lot of money, he could offer Francis Ngannou to have a fight. It will be huge. And Francis always talks that UFC pays him to little.
It is not about the balls of Jake Paul, if he wants to fight anyone contracted to the UFC, he needs to get the permission of Dana White to participate in that event which is highly unlikely because in face value itself it is a big mismatch. Jake Paul is not that big compared to Francis Ngannou and weight division is for a reason  . ~
Also, Jake Paul is a businessman. If you notice, everyone he challenges have been knocked out or have no real skill in boxing or they are former MMA fighters who have become old and weak. Jake will certainly never offer Francis Ngannou anything unless Jake wants to be dead hehehehe.
That is not true, i believed in this narrative earlier but when Tommy Fury and Hasim Rahman Jr two of the so called legit boxers never made it to the scale citing injury and that too Tommy Fury two times and Hasim Rahman who was not willing to cut down from 215 pounds to 205 pounds even with a week left even though Jake Paul allowed to cut down to 210 pounds, he was not willing to cut any weight, bunch of pussies who are scared to even fight a youtuber even after agreeing to fight have no rights to mock him to be frank. Now i understand why he was signing MMA fighters to fight, if they sign the contract they will come to fight as Chael Sonnen said in his podcast but boxers would challenge and then back out for no reason that could be disclosed. The damage Jake Paul had to compensate by cancelling the event is huge as he had to shell out around a million dollars compensating the undercard and other booking charges including the arena and broadcast partners is huge. I am not quite certain why Jake Paul issued a challenge to Tommy Fury, however, it is very known in the boxing world that a boxer's chin will become weaker when the boxer is knocked out badly. Hasim Rahman was knocked out badly by James Kenzie Morrison only on April 29. This is only 3 months ago which will be very bad for Rahman because only a touch from Jake's glove will make him sleep in the ring hehehe. Also this weight cut from 215 to 205. This is 10 pounds! This will drain more water from his brain causing for him to have concussions very easily. Rahman knows this and he also knows why he was lucky to be chosen by Jake. This is why he cancelled. As I have mentioned, Jake Paul is a businessman and a youtuber. He is doing this for the show, he not doing this to become a good boxer. |
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I think a lower low will form before the end of 2022. We will trend mainly sideways for the first half of 2023 but start to slowly rise as the halving in April 2024 nears.
I very much agree, however, I disagree on the lower low. There will not be a lower low, I reckon. I also speculate a pump to $25,000 is very much possible for this month. But September is another month and we might witness another dump under $25,000 hehehe. |
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Fortune, one year ago: People who bought Bitcoin in 2016 have made a large return on itFortune, now: His big bet on Bitcoin might sink him once and for allFortune, two years from now: If you bought $30,000 of bitcoin 5 years ago, you would be a millionaire now
Look, the magazines don't actually care about anything except for outdoing their rival publications, that's why they make these kind of headlines that make them sound ridiculous. This is another one hehehe. I am shaking my head on how clear that this is only another attack by mainstream media or paid for articles to attack Saylor directly and also attack bitcoin indirectly. I speculate that politicians who hate bitcoin can also begin attacking Saylor as a tactic to also attack bitcoin. They can find something bad about Saylor then use coercion and political pressure to make him sell his bitcoins. Michael Saylor Bet Billions on Bitcoin and LostSource https://www.wsj.com/articles/michael-saylor-bet-billions-on-bitcoin-and-lost-11659538890 |
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I was reading through all the rankings in boxing and it appears that there is a possibility that we might be given one of the greatest superfights on 2023 if the promoters can work together. This is Naoya Inoue vs. Stephen Fulton as undisputed champion vs. undisputed champion which has never occurred before in the sport of boxing.
I don't think it's correct to call undisputed champion vs undisputed champion because they're on different weight, Inoue will become a challenger if he move to next weight on super bantamweight division since he doesn't have any belts on that weight and he wouldn't lost anything if he lose. However Inoue should learn even though he's the best on bantamweight division, he may not become the best on super bantamweight division. Agreed, however, technically if they win all the championships in their weight divisions, this would make them both undisputed champions. I reckon 2 undisputed champions in their weight division have never occurred in the past before which might make this the first time 2 undisputed champions will have a fight in the ring. This is will be very exciting for the fans hehe. |
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@TopTort777. However, Jake might only repeat the problem because another fight versus Woodley will not sell enough tickets and payperviews to pay for the expenses of the event. Also, when this event was announced, the original opponent was supposed to be Tommy Fury. That was the fight that everyone wanted to see because the opponent was the brother of Tyson Fury.
If it is not Woodley, then there are a queue of formed UFC fighters that wants to get a juicy check from a boxing match. Just find a retired UFC guy who was a champion (does not matter if he hasnt defended his title and immediately lost it), announced it from every speaker and here are your huge PPV sales. This formula always work. If Jake has big balls and a lot of money, he could offer Francis Ngannou to have a fight. It will be huge. And Francis always talks that UFC pays him to little. I very much agree and I have a big name UFC fighter for this. El Cucuy Tony Ferguson hehehe. He has no more skills, no more chin, however, his name might be known by many boxing fans. I am quite certain they want to see him knocked out again hehehe. Also, Jake Paul is a businessman. If you notice, everyone he challenges have been knocked out or have no real skill in boxing or they are former MMA fighters who have become old and weak. Jake will certainly never offer Francis Ngannou anything unless Jake wants to be dead hehehehe. |
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Bitcoin is as global as the Internet, therefore any local conflict between some countries shouldn't really affect Bitcoin too much.
It was designed to be resilient and decentralized, so it will continue to work as expected, just like the Internet keeps working as expected.
Agreed. However, if China attacks Taiwan and this causes the beginning for world war 3, the market and price of bitcoin will ceratinly not be very bullish. Everything might dump very quickly very much similar to March 2020 when covid was declared a worldwide pandemic. Also if energy prices become very expensive, this might certainly cause many miners to shutdown. |
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And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?
What he does best? I reckon that should hire the best traders to manage Microstrategy's investment portfolio in bitcoin because Michael Saylor does not have a good recorded performance in investing. I speculate this article might be a signal that the worst for the market is finished already, however, everyone should remain very cautious.  MicroStrategy founder Michael Saylor once lost $6 billion in a day. His big bet on Bitcoin might sink him once and for allSource https://fortune.com/2022/08/03/michael-saylor-microstrategy-stock-bitcoin-bet-debt-outlook/ |
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I was reading through all the rankings in boxing and it appears that there is a possibility that we might be given one of the greatest superfights on 2023 if the promoters can work together. This is Naoya Inoue vs. Stephen Fulton as undisputed champion vs. undisputed champion which has never occurred before in the sport of boxing.
However, first Fulton must defeat Murodjon Akhmadaliev by end of this year and also similar for Inoue, he must defeat Paul Butler. Let us hope hehehe!
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@Rikafip. I would argue for reorganization and properly cleaned. There is much development to talk about concerning altcoins, Defi and how they are presently being merged with NFTs. Also, why can we not make bitcointalk.org's altcoin subforums be one of the best sources of information for the investors and the cryptospace community?
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