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I’m just now reading about the Bronny James story. Bronny apparently suffered a cardiac arrest yesterday during a workout at USC. This is horrible news and I’m sure LeBron James missed a lot of sleep last night. Insane that these athletes are having so many heart problems suddenly. We all know it’s the vaccine, but that doesn’t make it any less heartbreaking.
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When you think about all the money being poured into mining operations and are familiar with how Bitcoin’s supply will be distributed, it becomes clear that there can only really be 2 outcomes. Either the Bitcoin price will rise or billions of dollars in investment will turn to bankruptcy. When you consider those making the investments will control the new release of supply to the markets, it seems prettt clear we’re in a feedback loop that will work until it all comes crashing down. I think we probably have another cycle or two before that becomes a major concern.
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I'm not sure about other currencies but other currencies are pegged to their USD value so basically USD is the only rate we follow for BTC and the other currency just follows the value of USD in their local exchange rate. It's funny how simple we can determine the prices but if we were to investigate further then we will see that it's a whole can of worms, the demand is influenced by other factors too that I am too lazy to mention.
Pretty much everything is always valued in USD when speaking internationally. This is because the US Dollar is the world’s reserve currency. As far as how the exchanges calculate the price, they just use the last trade on their exchange. It’s good that each exchange can carry a different price as it allows for arbitrage and price divergence can also foretell potential issues. |
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I definitely wouldn’t consider Michael Saylor a modern apostle. If anything he’s responsible for driving up the price before more nor Moe’s could enter the market. Just look at his past. He’s a guy who got rich domain squatting. I don’t view his entrance into Bitcoin as much different. He saw value in digital property and is trying to scoop as much as he can to exploit for profit.
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It seems a little strange to me that Bitcoin is slowly falling in price while the traditional markets are rallying so hard. Making things a little stranger, prominent investors have been selling off shares of Coinbase leading me to wonder if perhaps they know something that we don’t. Perhaps they’ve already been given a heads up about widespread ETF rejections?
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In fact investors now want to become millionaires quickly which is why they are retiring from old coins and investing in new coins so that they can become millionaires very quickly. Besides, it is collected from their thoughts so we cannot change it even if we want to. In the past year people have become millionaires by investing in new projects so newbies are looking for such opportunities.
can't really consider ethereum as falling under the category of new coins honestly. I just don't think that it still can rise that much either but regardless it's still great investment, so many are utilising the blockchain, meaning if there is even a bullish season coming in, the market capitalisation might rise so fast. that I think it will just beat the other alternative into pulp, considering the fact that ethereum also have L2 that still utilise ethereum native token for their fee I think it will also add demands towards the ethereum in general. I think ethereum is still promising even after decades into the future. There’s big Wall Street money behind it, so I’m sure Ethereum will do well price wise in the future. It will likely closely follow Bitcoin with spot ETFs and will even be a major benefactor in more widespread crypto ETFs. Not to mention if you stake it you can earn a return and when the network gets flooded the issuance goes negative. It has all the makings for large investment returns if all goes well. |
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I would agree with others that NiceHash is the big player in town when it comes to this service. I don’t think NiceHash is the problem either. I think profitability for altcoin mining has taken a massive hit over the last couple of years and it’s being reflected in the market. The only thing I can say is that if we do see a rally in the price in the future, you’ll be glad you stuck with mining.
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I voted in the poll that I think we’re going to breakout to the upside. This is probably the dip you want to be buying under $30K. Sure, we may see future temporary blips below this level but I think the current period in time will be looked back on as a screaming buy period before the big move upward becomes obvious. I’d be buying the rest of the year now.
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The NBA's board of governors approved the sale of the Charlotte Hornets to a group led by Rick Schnall and Gabe Plotkin.
Michael Jordan sold the Charlotte Hornets for approximately $3 Billion. He bought it for $275 Million in 2010.
So much inflation and overhyped on sports, obviusly the worth its much than before, but that number are because of inflation like i said, and plus with the internet and a much more globalized world the sell of Tv rights all across the world. Yeah, but still inflation over 13 years doesn't increase the value by around 1000%. The amounts franchises get sold for these days are crazy. MJ made a great deal, even if he never had any success and pretty much ran down the team with bad draft choices and trade decisions. Still, he got a big payday, as usual. Let's see if the new owners can finally do something with what they have on hand. There is talent in the team, it just has to be unleashed. Ya, definitely not due to inflation, although I’m sure that does play a role it definitely doesn’t account for more than a doubling in price. I think the rest of the value increase is due to favorable deals with television broadcasting companies as well as a new league stance on gambling that I think will be the main driver in value expansion going forward. |
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I noticed that Stake sponsored the latest misfits boxing event. While I can’t say the event was thrilling and a must watch, it was cool to see Stake’s logo plastered all over the place. It seems that the Stake logo is appearing in more and more places throughout ordinary life and is making a serious crossover from just a crypto company.
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When I think of a gambler, hope and belief aren’t what comes to mind. I usually picture the Las Vegas degenerate pawning stolen goods for another spin at the roulette wheel. I think gamblers are more commonly associated with despair and desperation. Not to say there aren’t hopeful gamblers, but I think they’re the exception to the rule.
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I think a big reason to be attracted to Bitcoin is for diversification in your investments. Crypto is emerging as a new asset class and Bitcoin is widely considered the most fairly distributed and secure coin out there. Not to mention it has the first mover advantage. Every investor should have exposure to Bitcoin and even Ethereum.
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Nope, I can’t say that I have. In fact, I don’t believe I’ve ever made a deposit to an online casino ever in my life. I’ve gotten some bonuses given to me to play with and then there’s things like signature campaign funds that I’m given and usually play around a little with. As far as making a deposit and pulling out more than I deposited, it’s never even been attempted.
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When it comes to enemy coins I think it’s fairly obvious that the king will always be DOGE. It was created as nonsense and found its way to being Elon Musk’s darling even after the creator came out and said it was a scam. It was so successful that other meme coins were created like shiba just to ride its coattails with similar branding. I don’t gaf about doge, but it’s a funny story.
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We got another tweet from Jake Paul addressing this fight by showing he's training to go 8 rounds. It feels like after the last disaster of a press conference they really aren't doing much to promote this fight but walk through the motions. It seems like once this fight fails Jake will try and fight KSI to establish some interest, and there are rumors of him fighting Nate Diaz in the octagon after this boxing match, but we'll see. I personally think this Paul/Diaz fight is going to do really terrible numbers with the PPV and will probably hurt both fighter's brands.
Still too soon to establish this fight that it will indeed happen in the future and on the designated date because even though they have managed to provide some information and some cards under their bout, I still cannot say that it will really happen knowing that both fighters involved in this match is somewhat unpredictable. Also, I don't think that this fight is actually gaining some interests from the public because their bout is not that noisy. I think it’ll definitely happen. They’ve both put a lot of time and energy into this already and Jake is even already promoting a rematch in the cage with MMA rules after this. It sounds to me like Jake is pretty confident not only that this fight will happen, but that he will win and they will both make so much money that an MMA meetup will be in the cards for them. |
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It is very interesting to me when people link Bitcoin’s price with improvement of its functionality. In reality, the cost of transactions is way up from free when I started using BTC, there are significantly less options for use cases as regulators have cracked down on developers, and a majority of people think BTC is a store of value instead of a p2p payment network. Improvement? Only if you’re trying to play the greater fool game.
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Despite the country specific debate, it does seem like limits for gambling advertisements are coming down the chain. Similar to how you can show alcohol consumption in television ads in the US or flat out banning of cigarette advertisements on TV, I could see in the future regulators wanting to curb any sort of gambling advertisements as well and not just is Aussieland.
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I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US.
The comma will mistakenly assume your thread to be 1.08 Trillion instead of 1.08 Billion reward because you use 3 digit after the comma. Indeed that was my first thought when seeing the title of this thread. I had to click it and investigate because I thought for sure if someone won a trillion dollars in the lottery I would have hear something about it. While winning a billion dollars is still an unbelievable amount, winning a trillion would have been some Hollywood movie stuff. |
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Anybody else see JiDion (famous YouTuber) get banned from all WNBA & NBA events for his recent stunt courtside at a WNBA game? He bought a bunch of seats and then proceeded to dress in a nightcap and fall asleep courtside. It was funny but the WNBA didn’t appreciate it. Ironically, his video probably had way more views than the game itself and was probably the best promo the WNBA has gotten in a while.
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in my opinion Robert Kiyosaki's comment seemed like a comment coming from someone who hates the dollar and that because of that he is encouraging people to buy gold and silver, but see that he did not encourage people to buy bitcoin, he just spoke that bitcoin price will be 120000$ next year.
I understand. Probably used the term "bitcoin" to get more attention. It seems like those news, which are talking about some cryptocurrency - which only serves to deceive people, and the last paragraph is always talking about Bitcoin. Clearly it's to attract clicks. I’ll admit when I saw Robert Kiyosaki in the news making crazy comments about the dollar and wild predictions about Bitcoin, my first thought was that he must be ready to release a new book. He’s sort of like Jim Cramer in that he’s an entertainer first and an economist second. Sadly, as a finance author being a character is the best way to sell books. |
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