One of the biggest casualties of the cryptocurrency selloff is the Grayscale Bitcoin Trust.
The $27 billion fund (ticker GBTC) has plunged nearly 17% so far in 2022, outpacing Bitcoin’s nearly 9% decline. As a result, GBTC’s price closed 26.5% below the value of the Bitcoin it holds on Tuesday, widening GBTC’s so-called discount to record levels, according to Bloomberg data.
It’s a dynamic that’s plagued GBTC for months. The trust doesn’t allow for share redemptions in the same manner as an exchange-traded fund, meaning that the supply of shares can’t be created and destroyed with shifting demand. As a result, the shares tumbled deeply as investors pulled sharply back from cryptocurrencies, exacerbating the discount in the share price. https://www.bloomberg.com/news/articles/2022-01-19/biggest-bitcoin-fund-sinks-toward-30-discount-in-crypto-selloffThis is impressive. Grayscale Bitcoin Trust fund 's price is 26.5% below bitcoin's price. Due to regulation issues (such as the creation of supply of shares) the fund was not able to hold a fair price, due to the big sell-off. An ETF would solve this problem, and GBTC is basically waiting for that. Is it a good buying opportunity for this GBTC, with 26% discount? I wouldn't risk my money there. I don't consider this fund to be really bitcoin, but just a bank product pegged to bitcoin (or trying to do so). Of course it is a good idea! this is like a mega-arbitration possibility and I am getting on-line right now. Except that I would rather not, simply because I like to hold my own bitcoin. Even if some is on an exchange, it is there for a good reason. Taking a thrid party custodial and collateral risk makes little sense with the exception of being able to include in the taxt wrappers that some countries have. |
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Insofar as trust, at least Paypal does provide some assurance on the quality and the realistic compliance and honest backing of the currency. In general, I do not see the use of stablecoins as anything interesting for most cryptousers, unless we speak about taxes and the like. I do get that Paypal may be interested in issuing its own coin, but I doubt that regulations will really allow it. There is a good reason why the individual banks in US cannot issue their own currency... should we go back to that?
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Not being knowledgeable on the specfics, I think that Philippines is clearly one of the countries that can most benefit from crypto. Millions of unbanked people whoe need to carry on financials as usual and understand the use of the smart devices, even if not educated. It is the perfect environment to have a use case for a easily traded coin, perhaps litecoin or other with a low fee that can be used daily.
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Kind of yes, but not really quietly. Anyone who has some individual stocks of smaller companies can see that there are signs of "inflation" in the index, just in case there is not enough evidence looking at the FED balance sheet. It is an empirical sign of a bubble when the smaller companies start to fall, yet the larger ones still hold ATH values. It is something like the Roman Empire... you loose Britannia and then... Rome.
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It is not just about the metaverse, but rather a combination of franchises that reinforce MS xbox sales - e.g. they could decide to public CoD only for their gear, also they buy expertise in creating games, universes and stories successfully from Blizzard and Activision and then, yes, they leave a door open to the metaverse. MS is known for usually not being the best, but having a marketing and client channel control that is like a train. They can afford to let other create the market and fail if it is so required and then come and take the whole market.
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It does not seem that Omicron is being a problem in most of the Western world, where a significant number of the population have chosen to take the so called vaccines (they are not really vaccines). The statistics are many times presented in a way that is biased, e.g. there are more omicron cases detected per day than ever in any wave - but not mentioning that intensive care units are at just 25% of use.
Overall, the impact in health will be more about the economic downturn suffered.
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You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.
Accessible that there would be some requirement before a gambler can proceed and join that additional feature if it's on Metaverse. That's the talk of majority right now because there's the bigger that everyone sees with it. NFT hypes cannot last for long and that's why they just can't depend on it, the important thing with them is to cope up whatever is the likes of the customers for them to keep themselves on the trend just as what their customer wants them to see adopt. Crypto and NFT in general have that in common, there is an intrinsic value in a cryptomarket and the projects that are being developed around crypto as well as commercial uses of technology and, alongside, there is a massive hype that sends the cost to astronomic proportions. Something like that is likely to happen with the metaverse real-state. My take is that the owners of the platform will use that trend to their own advantage, putting to auction lots of property and leading users to their preferred locations. |
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I just dropped an specific topic on the Gambling Discussion board, but I think the issue is far wider. As many of you are aware, Facebook, now rebranded Meta, has effective plans to invest a very significant amount of money on the "Metaverse" to become the leader in this innovative area of human experience and interaction.
Whoever succeeds and becomes the dominant meta-platform (call it Roblox, Meta or however is there) is very likely to use crypto, NFT and some form of governance. My question to the forum is what do members think that will be the regulations inside the Metaverse? Who set the law (government, the company, both, the users,...)? Who and how decides the "punishment" or penalties for missuse? How do they deal with privacy?
The Metaverse seems full of legal, philosophical and economic questions yet to be answered.
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As many of you know, Facebook (now "Meta") is going to invest a bucketfull of money over the next few years to make sure they are the reference on the Metaverse. That does not mean they will succeed, but it is a sign of thing coming.
There is no doubt that there will be interest in Metaverse game playing and that Meta, Roblox or whoever gets the lead will have to take a stance on how they decide to regulate their world. Where do you see betting on this matter?
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On betting, the Liga is about to resume normal activity after the long Spanish-style Christmas break and the first journey seems to offer a few alternatives of interest for the discerning gambler  On one side, on the low stakes games you got some of the teams that are trailing such as Getafe-Granda, which seems a clear bet with good odss for Granada. On the mid-rankers, Sevilla will likely beat Valencia, however the odds are better for betting for the underdog. |
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Hello am new here and am interested in gambling but with the rate of scams casino I am finding it difficult to know the right site that don't scam players?
Your question is difficult to answer, you shouldn't gamble, try to do something else with your money for profit, other than gambling, which is not risky. How can one guarantee that online gambling sites don't cheat in games, losing in casino bets is the biggest factor influencing someone to speak up (I was cheated on casino gambling sites blah, blah, blah). Conclusion: no online casino that guarantees you are not deceived, the risk is there for every gambling site, you should not look for an online casino site, otherwise accept the risk of losing. We have to make own research. I told before, what moments are important to me at the research. And of course there are no any guarantees in the internet. Today we believe in casino and tomorrow it steals our money and disappears. And now i`m telling just about scam, but there are cheating casinos and you can`t prove it. So, you can just believe. Everyone says do your own research and try to investigate. Most of the times that is simply not possible or not reasonably practical. In the end you will have to trust either internet ratings, which are many times messed up or commercially controlled or you will need to trust members from the forum who may have an actual stake on the recommedations. A good indicator is that they have been advertising in the forum for a long time. If they were a scam there would be records of it. |
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You could try and sell your gambling accounts via this forum. I would recommend you use escrow that makes it safer for you and the seller. As a potential buyer I would always be afraid that the seller just takes his account back. With all the initial information the casino might be willing to reset an account. This could also mean that the buyer of the account gets access to all your private data. Only for a considerable amount I would take these risks. Make sure to always protect your data. What might be an alternative is to consider selling on ebay. Here the buyer has to register with his full name and there are not many scammers. I sold some gaming accounts myself on ebay and never had any issues.
I agree with this advice. This forum offers all the tools you need to make that transaction happen and probably you got also the means to make it known to other in the right sections. An escrow on this case is a must, as there is no trustless way of exchanging the accounts. What I would add is that you can actually try to use your local boards of your city or country and point to a link in the forum. I am not sure you can sell through ebay, most likely not. |
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To be honest, Wall Street predictions are crazier than ever and particularly crazier regarding bitcoin. Seriously, they have prediction spreads of x10 between Morgan, Goldman and all the rest of the so called investment experts. It is quite unusual to see these people diverge so much and my take is that they are absolutely confused about the whole crypto because they do not have the usual sources and methods that they use to deal with companies and other resources.
Well yeah, it's hard to "value" something that's arbitrary and speculative. Bitcoin doesn't produce income and it doesn't produce cashflow, which are two things needed to determine a valuation of what it should be "worth" in the present. Bitcoin is just worth what the largest group of people at any one time agree it's worth. While this is true for stocks as well, stock valuations are at least tied to valuation metrics (not always at any given time, but ultimately always eventually). Yes, that is quite right. These guys are also used to value commodities, a market in which having the right (expensive) sources of information on the evolution of demand and offer do give all the advantage to the larger trading and investment houses over the shrimps out there. However, with bitcoin, those sources of privileged - let's rather call them "advanced" - information are not that well known and are not that readily available only at the right price. |
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They cannot and wont go into an armed conflict - I hope nobody here is trying to ignore that there is chance that such conflict ends up on a nuclear war.
The US government just spent a lot of political capital on withdrawing from Afghanistan and their finance situation is far from good. However, Russia in not the USSR. The interlock between Russian economy and Western world economy is much stronger currently and that makes the case for using economic sanctions. Putin does enjoy quite a leeway on his autocracy, however he is suffering internal problems and may feel not that secure. Economic sanctions can be as lethal as open war.
In my view, either Europe and the US act or Ukraine will become a larger and worst case of Bielorussization.
How do you want the West to act? Right now, they don't have the capability to defeat Russia militarily. All they can do is to impose sanctions and embargoes. And as we have seen so far, these sanctions haven't worked in the past. As long as the oil/gas prices remain high, Putin will be able to afford invading other countries. And the replacement of Trump by Biden has actually helped in this. Biden banned fracking in federal lands and cancelled a few of the pipeline projects. And this was the main reason why the oil prices jumped from $40 per barrel during the Trump era, to the level they are now ($86 per barrel). Irrespective of what they claim, Joe Biden is the best thing that has happened to Russia in the last one decade. It was Ronald Reagan who destroyed the USSR in late 1980s, by strategically decreasing the oil prices. The USSR ran out of money and it simply disintegrated. Trump followed the same approach, but these strategies were reversed by Biden. The west is doing the right thing. No concessions on the base of armed threats, as that would be then the way forward for any issue in the future. Please, note that when Putin really wanted to invade Crimea, there was no playing, discussion or negotiations. He just did it. Do you not wonder why this time he is just holding the horses right at the border? Even if he wins, he does not win. He may even invade Ukraine, he will not be better of than he was and he will have a complicated diplomatic stance with EU and US to deal with - including sanctions. Use armed forces to stop Russia? I do not think that would a problem of having them, more of a problem of paying the bill financially and politically. By the way, you are just mixing this with a theory by which the president of the US is in control of world oil prices? I wonder how that works from your point of view. The Reagan area was far less complex and the US had far more power in comparison. Under all these issues there is an underlying belief from Russia or at least a large part of the Russian people that the USSR was de-facto Russia controlling all the republics under an illusion of partial decentralisation and also that now, even though the USSR does not exist as such, countries such as Ukraine and other are still a satellites of Russia and their citizens have nothing to say on regards of how they are run and how they want to play their international relations. This is a wake up call for the despots.
A very peculiar point of view. Why do you think that Ukraine is a satellite of Russia? Ukraine has been a sovereign independent state for thirty years, which is completely independent of Russia. Especially now, when a hybrid war has been going on between Ukraine and Russia since 2014 after Russia seized part of the territory of Ukraine through an armed invasion and killed about 14,000 Ukrainians on the territory of Ukraine. Therefore, today in Ukraine any ties with Russia as its enemy have been reduced to a minimum. No, I do not consider Ukraine a satellite, what I am saying is that Putin kind of does. At least he likes to think of it as his backyard. Hybrid war... well you can choose your words, but it is not hybrid, simply undeclared. When Russia wants to take, they take. Completely independent from Russia? - Sure, on the papers and on the declarations. I wish that were true. You see, that reads to me like saying that Panama is a sovereign country independent from the US. That is only true while US wants it that way. |
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If that is what they are trying to do then that is a big mistake, Russia has nuclear weapons and regardless of whatever technological advancements the US may have fighting an aggression war against Russia is a huge mistake, Empires have gone down do die on the cold of Russia, in a way it makes sense as when an Empire is in crisis historically it tries to find an enemy to unite their people and try to gain an economic advantage, but it is too dangerous to do this against Russia.
The question is not whether the Americans are able to fight the Russians. The real question is whether they can afford such a conflict. Look at what happened in Afghanistan, which is a third world country of 30 million people. After spending trillions of USD in funds, the Americans ran back to their homeland with their tails wagging between their legs. The same thing happened in Syria, Iraq and Libya as well. And here we are talking about an adversary who is stronger by the magnitude of 100x or 200x. They cannot and wont go into an armed conflict - I hope nobody here is trying to ignore that there is chance that such conflict ends up on a nuclear war. The US government just spent a lot of political capital on withdrawing from Afghanistan and their finance situation is far from good. However, Russia in not the USSR. The interlock between Russian economy and Western world economy is much stronger currently and that makes the case for using economic sanctions. Putin does enjoy quite a leeway on his autocracy, however he is suffering internal problems and may feel not that secure. Economic sanctions can be as lethal as open war. In my view, either Europe and the US act or Ukraine will become a larger and worst case of Bielorussization. |
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Amigos no caigan en esta estafa, veo que l modus operandi es el mismo, a mí también me contacto una muchacha China que según se hace llamar Amy o Lin Ran Ran, quisiera saber si es las misma que habla conmigo, si tienen fotos de su WhatsApp para ver si es la misma, nombre pues yo intenté retirar las supuestas ganancias pero al momento de querer hacerlo me bloqueron la cuenta y me dijeron que tenía que pagar 300 dólares de impuestos y que después de eso ya podría retirar el dinero pero resulta que no se puede pagar con el dinero que ya supuestamente generaste te piden que pagues con dinero de otra fuente que porque no se puede pagar con la inversión, y pues conseguí prestados los 300 dólares para pagar el supuesto impuesto y seguía bloqueada, después me dijeron que ahora tenía que pagar 500 dólares de cuota por uso de código, he leído en otros sitios que mucha gente ha pagado enormes cantidades de dinero y nuca han podido retirar las supuestas ganancias, pagas una cuota o impuesto y después tienes que pagar más y más, por lo visto ussn a mujeres lindas en Tinder para atrapar víctimas, ya me bloquearon la IP para mandar mensajes porque les dije lo que estaban haciendo y me amenazaron con demandarme por calumnias y supuestamente están juntando mi información para enjuiciarme, estos tipejos son de lo peor y las tipas de tinder son puras estafadoras
Y mucho cuidado con tres chicas super-guapas que llaman a la puerta de tu casa, van vestidas super-bien y son encantadoras. Te dicen que van a pasar una revision de la tuberias de tu casa, pero lo que hacen es llevarte al dormitorio y dejarte dormido a polvos en varias posturas. Despues te despluman y claro, tu por no hacer el ridiculo no denuncias. Yo he caido en su trampa. Fue el martes, el jueves y dos veces el ultimo sabado. |
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There have been tries of "pure cyrpto place" for years, hell it was even an idea way early in bitcoins life and its 2022 and it is still a topic. Let's face the fact that it will eventually happen one day, some crazy rich person will give it a shot, it will fail, and that's about it.
This is not a great idea, just leave it be, just live the world we always live but instead of stocks or forex or anything like that, invest into crypto and instead of 40 years, you will retire in 20 years (probably) by keep putting money aside every month into a crypto portfolio and growing it. That's it, that is all people should do at this point, we are not even using them to buy something most of the time, it just became investment.
There are two possibilities for "Bitconia" to actually become a real place in the real world. One of them is a group of crypto millionaires that decide that it is worth getting their own piece of land and turn it into a country. That is quite a task in itself as you would need to actually be able to create a government and legislation as well as gain some international recognition as a true country. Possibility number two is that actually a country decides to create the perfect ecosystem for crypto self-governance. |
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Recuerda que el dinero no se pierde hasta que no se vende. Las reservas de El Salvador, sin ser gran cosa a nivel mundial, son lo suficientemente cuantiosas como para que las fluctuaciones de este activo no supongan practicamente nada. Si el gobierno ha elegido una estrategia correcta, ignorara las variaciones que son innatas al bitcoin y podra ejercer de "hodler" para llegar a buen puerto en unos anios. Esperemos. |
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Speaking of savings and investment plans then saving up in your wallet alone would be enough and let volatility would do the rest.
Don't worry about volatility if you are saving as it would only make you panic, almost every day the price is moving, you can't ignore that if you are so sensitive to price volatility. You'll only be affected by volatility if you are doing short-term trading as it's very crucial to understand the price movement so you'll do the right decision at the right timing. I think the same, if someone is saving bitcoin then they need to stop caring about the volatility of the price as this will only weaken their resolve to save in bitcoin, now it is true the price of bitcoin can go down relatively quickly but that is to be expected with an asset like bitcoin, what matters is that over the long term the trend is for bitcoin to go up in value, so as long as you can ignore the short term volatility then the value of bitcoin and what you can purchase with it will keep going up. Volatility is something that you have to accept since it will always be a part of bitcoin. And if you plan to accumulate more of bitcoin, then better get used to its own high volatility. I think if you prefer to take less risk this year but still want a greener income, investing in bitcoin should always be your top priority. It may be expensive in value and creates more volatility, but you won't be disappointed on the huge rewards that you will be making in the future as long as you start buying it now while the price is still cheaper. Volatility is usually spoken of as something that is bad. In my view, it is not. It means that you will get plenty of opportunities to buy an asset below the fair value, as the market forces make it volatile many time without any particular reason other than fear without any underlying issue. Also, volatility insofar as many time means volatility in the upside is frankly desirable. Not everything is measured in a beta. |
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The technology has made us advanced and we can make payments at the ease of one click but what's the fun of going back in time for the rebirth of the old payment system known as barter exchange? Suppose you want to buy rice meals but you have wooden plates at your home and you will have to find the person who will have rice meals and want to have wooden plates from you.For these kind of situations you need to fulfill the two conditions and this is not possible in the current scenario.We have more advanced technology like btc where you don't need to worry about double coincidence of wants and whatever you want just pay it with LN within few seconds and no third party involvement.So why think about traditional methods. If we talk about CDBC then it's again central control and it's nothing else but just digital fiat and even if they use Blockchain technology they will not provide any freedom to you and moreover they are just tools to make government more profits and whenever they want to make changes in it they can.  Government and central banks are trying to make people fool with their CDBC launch while most of them are figuring out how to explore Blockchain technology and make it fully central control and what do you think they will do when they launch it or why do they fear bitcoin? They want only profits and freedom of funds is not a good option for them.You yourself needs to be aware about how to use money with security and safeguard yourself from rising inflation so have btc stacked. That is quite exact to be honest, the centrally issued coins put together the worst of both worlds and, as a layer of glazed crap on top, it adds a built-in invasion of privacy. I would be very wary of even considering the use of any CDBC launched by a dictatorial or repressive regime such as China or Turkey, but even in the EU or the US I really hope they do not make it mandatory. |
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