Bitdiots like
@bukele
still claim bitcoin is "cheap".
Truth is that EVEN if it rose to 100K, it has failed.
Not only did it NOT DELIVER as a hedge ag. inflation, war, etc., but has acted w/opposite properties.
Change your mind facing evidence.
That is why we need to make a proper research because the so called learned people can be critics and mislead people. Even if I buy bitcoin at $3800 or as high as $7000 in 2020, the price is still at $19000 presently, not yet dropped below $10000. Is that not an hedger against inflation? Agreed. However, if you bought bitcoin on November 2021 at $60,000, your hedge for inflation is down more than 50% on top of whatever the inflation rate is on your country's fiat currency. Also, it took a very big amount of leverage to pump bitcoin from $3k to a $60k bubble. This does not appear to be a good hedge for inflation because it does not really hedge.Bitcoin is good for many things but let us not continue this circle jerk that it is a very good hedge for inflation. Zoom out a bit bbc.reporter, then perhaps you might be able to help ur lil selfie to see this situation a wee bit moar better. Perhaps? perhaps? I do not like this zoom out excuse that everyone likes to use to make it appear that bitcoin's high volatility is okay for a store of value. Store of value should be stable and it should give us an assurance that the value of our money today will be the same or close to this the next day, the next week, the next month or the next year. I do not like to be told zoom out because the value is down -60% in 3 months. As a volatile risk asset and a speculative investment, zoom out is okay. I will invest and zoom out, I can see that I can have profit of more than 10x of my investment despite being down -60% today. You seem to make quite a few of these kinds of negative short-term assertions about bitcoin, and I really have trouble figuring out how to give you much benefit of the doubt because you surely seem smart enough to understand that bitcoin is not a mature asset, bitcoin is a paradigm shifting asset and bitcoin is a potential threat to the status quo financial institutions and governments that likely exacerbate the kinds of tools that they bring to attempt to keep bitcoin's price down in the short term.... And sure, we likely should not be looking all the way back before 2012 in order to show how much bitcoin's price has appreciated, but it seems fair enough to look back 8 years or so, and we get way the hell more than the ("more than 10x) price appreciation that you conceded. From where would you like to start? From the jumping off peak in 2015 (of $250? that is nearly 100x), or would you prefer to start from the bottom of the 2017 price crash of about $3k, that brings us around 8x... OH no, you like to look at the BTC price performance (volatility) matter on shorter time frames.. .. but even if we were to have seen someone largely establishing their BTC position prior to September 2020, then their entry point could have reasonably and realistically averaged less than $10k per BTC, and they would have gotten a price rise that brought them up almost 7x, and then to have had come crashing down to around 1.7x, and then now only be floating slightly above 2x.. .. But we are both in a battle, and we have BIG players coming into the space and gambling the fuck out of various kinds of crypto - and using bitcoin as collateral and/or their exit vehicle and/or trying to make unrealistic (greedy as fuck profits), which exacerbates BTC volatility, but does that exacerbated volatility really reflect as negatively upon bitcoin as you continue to like to point out with your ongoing negative Nancy proclamations about how much bitcoin sucks because it happens to be volatile during this phase of its life cycle (which is early as fuck if you had not noticed)? How much adoption do you believe bitcoin has? less than 1% no? You likely have heard about Gresham's law, but maybe you don't believe that bitcoin is the soundest of moneys that has ever existed (or at least has a decently great chance of continuing to go down that path)? Good luck to folks 10 years or more down the road, who know about bitcoin sufficiently well at this time (as you seem to do, bbc.reporter), but who fail / refuse to adequately invest into it... or who buy into negative Nancy theories about bitcoin being too volatile and not strong enough as an asset class, cry cry cry.. Even if you do not like the idea of zoom out.. it has more implications than what you are rebelling against - which maybe shows that you really are having struggles understanding where bitcoin is at and even the amazing levels of adoption that have already been built, even though bitcoin is still relatively small in size and small in terms of a lot of areas that it is going to continue to grow - and it has been growing, in spite your distractions about the price having to have happened to go down 75%-ish so far from its $69k top in November. It's not as BIG of a negative as you are making it out to be, and you even seem to understand that before it went down 75%-ish, it had happened to have gone up around 8.5x or more (if we start from $8k-ish), so that would still leave us up around 3x within the past 2-3 years as I type this post... Do you think that you could have gotten BTC for average of $8k-ish per BTC in the 2 to 3 years ago window of time? Should have been doable, no? Your reply is so very long I do not know where to begin hehehe. Everything in there is only telling me that bitcoin is an excellent form of speculative investment since 2012 which I very much agree. But not one thing of it implies it is good as a store of value. Zoom out? Why would someone zoom out? A good store of value must have a stable value always. It must have same value or very near the purchase value the next day, the next week, the next month, the next 3 months and so on. It must not be -60% in 3 months. On top of soaring inflation, Salvadorans who trade or hold bitcoin are now feeling extra financial pain. “Everything, everything is expensive, which means we’re not earning anything,” says Carolina Reyes, a food vendor who accepts bitcoin in the tourist town of El Palmarcito. “And now everyone is losing their money in bitcoin. Imagine!”Source https://www.newscientist.com/article/2324810-what-will-the-crypto-crash-mean-for-bitcoin-nation-el-salvador/ |
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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.
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Demand(and demand that's currently on a downtrend) probably isn't that big to have it's on subforum.
I'm definitely not against it though — the altcoin subforums are already messy to start with; and an NFT subforum might help tidy that section a bit. It's not like Bitcointalk has anything to lose by adding a subforum.
Agreed and it might also bring more people in the forum. New people will certainly also bring new ideas, new knowledge and new opporunities. If it helps for the growth of our community in bitcointalk.org, we should try it. It also appears that much of us might be underestimating NFTs for the adoption of the cryptospace, however, in 4 years the rate of growth for NFTs might be faster than bitcoin's rate of growth. NFT trading might become the no.1 form of introduction to the cryptospace for new users. |
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Uggh. So annoying. I was looking forward to this fight and it was going to be shown for free on Dazn in the UK. I wonder what sort of financial hit Jake is taking on this? Pretty shitty and stupid of Hasim not have taken this fight seriously as he's going to lose the biggest paycheck of his career and now he looks like a coward who wanted to fight on his own terms and whatever weight he felt like.
I am quite certain that it will take some future financial hits for Jake Paul as a promoter. There might not be much other fighters who would be as excited to be in one of his cards. Those other boxers have also trained hard for August 6 and have also had their expenses paid for their training. I have a feeling though that this fight is still going to happen and it might have to be push through, just maybe a couple of weeks. Or maybe find a replacement fighter for Rahman? But if they fight is totally scraped for good then sure, it will have a financial toll on Jake Paul. Agreed. This will be rescheduled to a month where Jake Paul's MVP promotion can collect more money for tickets and payperviews more easily hehehe. The skeptical me speculates that with only 2 weeks before fight night, MVP promotions might not have enough sales to pay for the cost of the event. I also agree to find a replacement figher. This was supposed to be versus Tommy Fury. I reckon Jake should challenge another MMA fighter who has no more skills, no more chin but with a known name very much similar to Ben Askren and Tyron Woodley hehehehe. However, if Jake Paul was serious on his boxing, he should challenge the fighter who knocked out Rahman. |
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@DireWolfM14. Include my vote in favor of you being this year's treasurer, escrow. I am also in favor of 0.0025BTC stake amount to enter the league. I hope we make the stake amount confirmed by end of this week and we begin sending the money. I do not want to wait and a bitcoin shock pump to $50k occurs hehehe. For 8 to 10, I like this year to have a similar format last year, however, I will do whatever the group will decide.
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Thank you morvillz7z! I very much love my spot hehehe. I will begin practicing in mock drafts. It is final and confirmed that the platform we use for this season would be Yahoo's fantasy app? In any case, Deshaun Watson has been suspended for 6 games. He should be thankful that he still is playing in the NFL. There are some players who might not be very lucky. He can relax for those 6 weeks and have his favorite massages if those relaxation therapists are not hiding from him. Cleveland Browns quarterback Deshaun Watson will serve a six-game suspension without pay but will not be fined for violating the league's personal conduct policy following accusations of sexual misconduct, disciplinary officer Sue L. Robinson ruled Monday. Source https://www.espn.com/nfl/story/_/id/34327325/source-cleveland-browns-qb-deshaun-watson-suspended-6-games-violating-nfl-personal-conduct-policy |
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Tiffany & Co. was founded on 1837 and has become one of the oldest companies in America. These necklaces based on Cryptopunks NFT they have created appears to be confirming the suggestion that the concept of NFTs will never die, very much similar to the concept of cryptocurrencies. NFT has, also similar to cryptocurrencies, become a part of our culture. Using that as an argument, bitcointalk.org has welcomed altcoins and created subforums for them for everyone to discuss, speculate and for people to help each other. Can the forum also welcome NFTs and also create subforums for NFT discussion, speculation and information sharing? The company is selling 250 customized, diamond-encrusted pendant necklaces for 30 ETH (around $50,000) a pop to holders of the famed collection. Each necklace will include a combination of 30 diamonds and gemstones, according to Tiffany’s website.
ne
The necklaces will go on sale Aug. 5 and are only available for CryptoPunk holders to purchase in the form of NFTs redeemable for the physical necklaces. Tiffany’s will net over $12 million from the sale’s sellout, standing to make even more profit from resale royalties.Read in full https://www.coindesk.com/business/2022/08/01/jewelry-brand-tiffany-and-co-unveils-50k-cryptopunk-necklaces/ |
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Bitdiots like
@bukele
still claim bitcoin is "cheap".
Truth is that EVEN if it rose to 100K, it has failed.
Not only did it NOT DELIVER as a hedge ag. inflation, war, etc., but has acted w/opposite properties.
Change your mind facing evidence.
That is why we need to make a proper research because the so called learned people can be critics and mislead people. Even if I buy bitcoin at $3800 or as high as $7000 in 2020, the price is still at $19000 presently, not yet dropped below $10000. Is that not an hedger against inflation? Agreed. However, if you bought bitcoin on November 2021 at $60,000, your hedge for inflation is down more than 50% on top of whatever the inflation rate is on your country's fiat currency. Also, it took a very big amount of leverage to pump bitcoin from $3k to a $60k bubble. This does not appear to be a good hedge for inflation because it does not really hedge.Bitcoin is good for many things but let us not continue this circle jerk that it is a very good hedge for inflation. Zoom out a bit bbc.reporter, then perhaps you might be able to help ur lil selfie to see this situation a wee bit moar better. Perhaps? perhaps? I do not like this zoom out excuse that everyone likes to use to make it appear that bitcoin's high volatility is okay for a store of value. Store of value should be stable and it should give us an assurance that the value of our money today will be the same or close to this the next day, the next week, the next month or the next year. I do not like to be told zoom out because the value is down -60% in 3 months. As a volatile risk asset and a speculative investment, zoom out is okay. I will invest and zoom out, I can see that I can have profit of more than 10x of my investment despite being down -60% today. |
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Uggh. So annoying. I was looking forward to this fight and it was going to be shown for free on Dazn in the UK. I wonder what sort of financial hit Jake is taking on this? Pretty shitty and stupid of Hasim not have taken this fight seriously as he's going to lose the biggest paycheck of his career and now he looks like a coward who wanted to fight on his own terms and whatever weight he felt like.
I am quite certain that it will take some future financial hits for Jake Paul as a promoter. There might not be much other fighters who would be as excited to be in one of his cards. Those other boxers have also trained hard for August 6 and have also had their expenses paid for their training. |
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Bitdiots like
@bukele
still claim bitcoin is "cheap".
Truth is that EVEN if it rose to 100K, it has failed.
Not only did it NOT DELIVER as a hedge ag. inflation, war, etc., but has acted w/opposite properties.
Change your mind facing evidence.
That is why we need to make a proper research because the so called learned people can be critics and mislead people. Even if I buy bitcoin at $3800 or as high as $7000 in 2020, the price is still at $19000 presently, not yet dropped below $10000. Is that not an hedger against inflation? Agreed. However, if you bought bitcoin on November 2021 at $60,000, your hedge for inflation is down more than 50% on top of whatever the inflation rate is on your country's fiat currency. Also, it took a very big amount of leverage to pump bitcoin from $3k to a $60k bubble. This does not appear to be a good hedge for inflation because it does not really hedge.Bitcoin is good for many things but let us not continue this circle jerk that it is a very good hedge for inflation. |
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If we could be honest with each other, it is very hard to trust the words of El Salvador's finance minister without showing us the data. It would be very easy to declare something, however, the data will give us more of an idea if this is true or not true. For example if the finance minister declares there is a 50% growth in bitcoin adoption but the data shows only 1000 active users then this is head shaking. El Salvador's population is 6 million. In any case, are there updates on those bitcoin bonds El Salvador wanted to issue to build a city? |
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@stompix. That was when CZ was avoiding to be compliant with regulators from different jurisdictions. This has changed, however. I speculate because there is this new exchange called FTX that has been working with regulators to be 100% compliant hehehe. It has given FTX an advantage which is why Binance has also began to work to get regulatory compliance.
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Data like these can easily mislead people. Yes, it can definitely mean that people aren't planning on selling(at least yet) which is somewhat a good sign, but let's not forget that while a lot of people withdrew their coins, they can just as easily deposit it back on whatever exchange at any time they want.
Agreed. A whale sending in and sending out his millions worth of bitcoin would cost him only under $50. Also, it should also be known where those coins were sent and held. Were they sent to a personal wallet? Were they sent to a cryptolending platform similar to Voyager, Celsius, Babylon Finance? The market will also not pump by itself. Leverage was much of the central cause on why bitcoin pumped from $3k to $60k. I mentioned before that if we do not know how mucn leverage was used to pump the market, we should be careful in thinking that all time high was caused by adoption because it was not. I also asked where the coins were sent and held because of this news. Babel Finance, the troubled Asian crypto lender that abruptly halted client withdrawals last month, suffered heavy losses due to proprietary trading with customer funds, according to its restructuring proposal deck obtained by The Block.
The deck, dated July 2022, reveals that Babel Finance lost more than $280 million in bitcoin (BTC) and ether (ETH) due to its proprietary trading failure. Specifically, it lost around 8,000 BTC and 56,000 ETH in June after facing liquidation due to a significant market downturn.Source https://www.theblock.co/post/160230/babel-finance-crypto-lost-280-million-proprietary-trading-restructuring |
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Yall following training camp news?
I started reading some articles after reading your post and I am very shocked to learn that Russell Wilson is now the quarterback of the Denver Broncos. Has anyone posted about this trade in this thread? I might have not paid attention. Who will be the Seahawks quarterback? Geno Smith? This will not be good for their season. It also appears that Jimmy Garoppolo might have another chance to be first quarterback for a team that might be satisfactory for him. Wilson is a huge upgrade for Denver but don't go for <Redacted> he is being over hyped again. I don't want redacted to go to Seattle either, that's too close. I can just imagine Carrol building a line that makes redacted look like Brady and haunt us for the next ten years.  The thing is he's not that bad when he can stay healthy, and with a coach like Carrol he might actually be able to win a super bowl. If I understood the both of you correctly and assuming redacted is the same player I am thinking, for the excitement for this season redacted should be traded to the Seahawks. Redacted had a good season last year considering that his team was not as good as the Cardinals and the Rams hehe. @nutildah. Thank you. @everyone. This year my season in fantasy has been compromised and my wallet full of shitcoin. |
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He had a great fight before with George Kambosos and Devin Haney took his record to 28-0 by controlling George Kambosos with very sharp accurate jabs, quick and precise footwork, smart corners, excellent timing. And he has a great defensive job, as well as a great counter-attack when the opportunity presents itself.
and if I look at his previous fights I doubt Kambosos can beat him for the rematch even though he is very well prepared, and Haney beat Kambosos to become the undisputed lightweight champion.
Agreed and their first fight being in Kambosos home ground showed everyone of us bettors and boxing fans that Haney has a strong and a mature attitude. I speculated and bet on Kambosos in the first fight because I thought the pressure would give some difficulties for Haney's performance regardless of him being faster than Kambosos. This rematch will be very much similar to their first fight. Haney will again win with a decision. |
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Yall following training camp news?
I started reading some articles after reading your post and I am very shocked to learn that Russell Wilson is now the quarterback of the Denver Broncos. Has anyone posted about this trade in this thread? I might have not paid attention. Who will be the Seahawks quarterback? Geno Smith? This will not be good for their season. It also appears that Jimmy Garoppolo might have another chance to be first quarterback for a team that might be satisfactory for him. |
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@Baofeng. There are different opinions on whether Robert Garcia is the right trainer. Some people say he is and he would help Joshua to have more aggression in the ring and attack more on the body. Others say that he might be a mistake because Joshua is a heavyweight and Robert Garcia's tactics might not be very good for heavyweights. Joshua has the speed of a cruiserweight, however. I speculate that Joshua's adjustments on Garcia's tactics might not cause a problem.
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They all insider-trade. I completely agree with what some people in this thread are saying. Coinbase just happened to get caught. Of course, they still deserve punishment for it. Once again showing how CEX will always be inferior to DEX which will always be inferior to P2P trading.
This kind of shady insider trading is something you can find a lot of especially in exchanges which offer derivative trading. Its all a bunch of horseshit. People do not really understand the scam which is high leverage liquidation. If you want to short your coin just swap it for USDT. Now you're shorting at 1x without any liquidation point. Better, right?
Hope Coinbase gets what it deserves.
If you do not want to use leverage, then do not use it. There is nothing wrong with this type of thinking. However, if you want others to follow you in your type of thinking about leverage, this is where it becomes wrong of you. Also, CEX being inferior to DEX is not that simple. The both of them have advantages and disadvantages. However, I agree to your idea that using DEX and Defi should be encouraged. |
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