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Whether or not Bitcoin will be a safe haven during a major economic crash is the million dollar question for sure. It does appear to be breaking down in price along with the rest of the market, but it’s way too early to say definitively either way. One thing is certain though, at some point Bitcoin will be faced with a major recession and the market will have to choose up or down.
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Feels like the questions surrounding the global economy are starting to take effect on the Bitcoin price. Instead of shooting upward as a safe haven during coming turbulent times, we’re seeing it drifting lower as people are forced to sell to make ends meet. I’m still hoping we see the safe haven act and not the speculative investment pop when the time comes, but cracks are forming.
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North Korea calling for war is how they request stimulus from the rest of the world. They flex their nukes and posture like they’re going to start a war, then China or the US sends them some foods and all is well again. As the global economy slows, you can expect North Korea to start making more noise until they get what they need.
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Very interesting and exciting to see this hit the auction block. I wouldn’t be surprised to see this sold for over $400K, as that’s what it would take to get one of mine currently. Hoping it’ll set off a bidding war that will surpass my expectations but you never know. Maybe people won’t want to scale the premium and we’ll see it sold for just over 10 BTC. Either way, I’m curious.
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With the already high technical hurdles involved in normal people being able to use and understand Bitcoin, I’m not so sure it’s a great idea to be introducing more things unnecessarily. You have to remember that there are people out there who accidentally bought BCH thinking it was Bitcoin. More units of account seems like a bad idea for adoption.
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In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.
it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency. as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions. I agree that getting a loan would be one of the worst ideas ever, you should not get a loan to invest and in most cases that's not even allowed neither, you shouldn't do that. I agree that it is going to take a while for people to realize what we are doing, but as long as you believe that will happen then you are going to end up with a good profit for sure. Just use your own money and the next year will be going up, ETF or not, doesn't matter. With halving coming up, ETF will not matter and the price of bitcoin will go up without a doubt. I get that some people are not looking at this as important deal, but if you are certain what's going to happen then we are going to end up with a good return one way or another for sure. Getting a loan for a speculative investment is indeed a horrible idea. I can speak from experience as I once took out a loan in BTC and went terribly. I also think that almost everyone is saying that the ETF will propel Bitcoin to new heights, but before doing crazy financial things it is best to remember that markets are great at inflicting maximum pain and it feels to me like that will best be accomplished with a crash between now and the halving. |
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BTW, there is already confirmation that Elon Musk has won the real battle against Mark Zuckerberg. Check this: https://www.ynetnews.com/business/article/ry2iwed32There was so much hype related to Threads, immediately after its launch on 5th July 2023. So many people were predicting the demise of Twitter and claiming that Threads was going to replace it. But similar to so many other copycat ventures from Zuckerberg, this one also failed miserably. And this time, Threads flopped despite the entire left-wing establishment rallying in its support. I am sure that Elon will be boosted by his success in micro-blogging domain. A win in cage fight would be an added sweetener. I do think that a little of the online trolling is due to Mark Zuckerberg seemingly trying to steal market share from Elon’s Twitter (X). Maybe he’s trying to send a message to other billionaires thinking about entering his space. Similar to threatening Apple with a Tesla phone or making fun of Bezos’ attempts at space flight. The man isn’t afraid to start a fight. |
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The NBA schedule is being released today if anyone was dying to get their favorite games circled on the calendar. I know I’m personally looking forward to Phoenix’s home opener against the Los Angeles Lakers, as it will be the first time LeBron James and Kevin Durant have faced off in several years. Will surely be a great game to watch for fans.
I don't see the schedule on the official NBA site yet because it says "no data available." Anyway, if I understand correctly, the Lakers and Suns will meet in the in-season tournament. By the way, guys, what do you think about this change in the upcoming season? Will the regular season be more interesting for players and fans because of this in-season tournament or not? I read that the Suns would be playing the Lakers in the Phoenix home opener. The schedule should also have been published 2 hours ago, but I haven’t seen it yet either so who knows… I’m curious about what’s going on in Philadelphia. Now Joel Embiid is scrubbing Philadelphia from his location on his social media profiles… Now that is confusing because the article that I've found is saying differently. Opening night
~ The champs will get their rings before a rematch of the 2023 Western Conference finals, in which Denver swept the Lakers and left James and Anthony Davis agreeing that the Nuggets were probably the best team they had played against in their four years together.
~ As well as being Chris Paul's first meeting with Phoenix since it traded him to Golden State, the Suns-Warriors game will be Durant's first at Chase Center with fans in attendance. The arena opened after Durant left Golden State, and he has been injured for all of his visits since, except for a game on Feb. 13, 2021, in which no tickets were sold because of pandemic restrictions. SourceAs what was said above, the season will start on October 24 and will be having two games in the opening night which are the Lakers @ Nuggets and Phoenix @ Warriors game. While the Phoenix vs Lakers game will happen on the following day, October 25. These games are indeed interesting enough to see, including the night opener of Phoenix vs Warriors because CP3 now is with the latter and he will be facing his old team with the same roster, not him included of course. What is the article you posted saying that is differently? I said that LeBron James and Kevin Durant would face off in Phoenix’s home opener, which appears to be the same information you posted. I think you confused me saying “home” opener with “season” opener. While the Suns’ first game of the year isn’t against the Lakers, their first home game is. Or am I misunderstanding something? |
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I’m not a regular gambler before I start participating on gambling discussion here due to campaign requirements. Right now I have urge to gamble everytime I saw someone post here about discussion on profit or winning jackpot. Even a simple discussion about strategy makes me want to gamble because I’m excited to try the strategy that I’m thinking.
Right now, I’m still not frequently gambling because of my work but I do regular gambling once or twice a week even if I don’t do this before just because I’m always exposed to gambling discussion and the thought of it makes me want to try.
What’s the effect of gambling discussion here to you? I’m thinking to quit participating on signature campaign that involves gambling discussion in an event that my gambling activities is increasing above my normal habit.
This is a good conversation to think about. I myself rarely posted in the gambling section before being incentivized to do so and since then I have certainly gambled more frequently. While I don’t ever bet enough to truly matter to me, it is interesting to think that signature campaigns themselves could be making money by bringing in new participants by exposing them to the signature campaign and getting them comfortable with gambling. |
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This Trump situation is honestly one of the most embarrassing moments in American history. If we’re truly going to go down this path where government agencies try to jail candidates that don’t agree with their views then we are no better than 3rd world countries. I’m scared for a future where nobody is safe from corrupt government actions.
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Interest rates haven’t had a huge effect on Bitcoin in its lifetime mostly because the government hasn’t had to respond to a major issue with rate changes like we saw in 2007/2008. This may change however, as rate increases may push us into a major recession. If that does happen you will see demand for Bitcoin likely dry up and the price effected. However, if rates are aggressively lowered and we avoid a nasty recession it could be off to the races with cheap money.
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I’m not sure I understand the point of the in-season tournament but I did just see a suggestion that the winner of the tournament get an automatic playoff berth. That’s interesting…
I’m more 76ers updates from Philadelphia, James Harden is now saying he’s open to play for a different team than just the Clippers. He wants out…
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1. Is all 30.000 seats taken?
2. Can I buy as many seats as I want?
3. And what happens if i mint my seat?
1. Yes. If you buy a seat on the auction, you are buying it from another member. 2. Yes. There is no limit to the number of seats a member can own as far as I’m aware. 3. The seat is transferred out from your account and onto the coin so it then receives its distributions (separately from your account) to the coin’s address. |
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Markets are getting hammered today after news of the Michael Burry bet have made the rounds. I can definitely see why as pretty much all charts are pointing to the mother of all recessions fast approaching. If we do see a 2008 style drop in valuations, I think we will point to this being the time we should’ve sold. How Bitcoin will react is still the big unknown.
^ Gal Gadot ^
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The NBA schedule is being released today if anyone was dying to get their favorite games circled on the calendar. I know I’m personally looking forward to Phoenix’s home opener against the Los Angeles Lakers, as it will be the first time LeBron James and Kevin Durant have faced off in several years. Will surely be a great game to watch for fans.
I don't see the schedule on the official NBA site yet because it says "no data available." Anyway, if I understand correctly, the Lakers and Suns will meet in the in-season tournament. By the way, guys, what do you think about this change in the upcoming season? Will the regular season be more interesting for players and fans because of this in-season tournament or not? I read that the Suns would be playing the Lakers in the Phoenix home opener. The schedule should also have been published 2 hours ago, but I haven’t seen it yet either so who knows… I’m curious about what’s going on in Philadelphia. Now Joel Embiid is scrubbing Philadelphia from his location on his social media profiles… |
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I had thought that the government was trying to time the ETF approvals to soak up all the BTC from mtgox disbursements. However, this latest delay into 2024 has me thinking instead they’re trying to time them along with the halving event in order to create a perfect storm situation. It’s been a while since I’ve seen a perfect storm brewing in crypto. Feels like 2016.
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Something strange appears to be going on in Africa. News appears limited in certain regions and I have even seen radar evidence that most of central Africa is a no fly zone for some unexplained reason. I hope I’m just I’ll informed and something more sinister isn’t happening, but with the state of today’s news it’s hard to know what is really going on.
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As others have stated, the logos are done very well and appear extremely professional. Good work by the graphic artist for sure. However, I have to wonder if so many logos are needed. It seems pretty confusing for me and so I’m sure to most normal people having so many logos for different decimal places is insane. Nice work regardless.
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Has anyone made any progress is uncovering the secrets to get AI to help decide on bets to place for sporting events? With the NBA season now quickly approaching, it would be great to get to mess around with AI and placing bets on games. I guess I’ll have to get down and dirty and see what solution I can come up with.
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All this is just a distraction from more important things.
I wouldn't waste any time watching or betting on this fake fight between two elite puppets, for me it is more interesting to watch two dogs barking on each other in street.
And I am not surprised to see Dana White getting involved talking about this because there will be lot of money involved, but I heard Musk is not going to show up for this fight.
Musk seems willing to show up for the fight. He even said he was going to bang on Mark’s door yesterday but Zuckerberg’s team put out a message that Mark wasn’t home. I am interested in this fight because it may be the most watched fight in human history, but I would agree that it is definitely distracting both from more important things. |
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