You can sell enough to buy some lollypops or pocket money for whatever but yea in nominal terms it would seem it can rise much eventually after a long and winding road most likely. I wouldnt deal in absolutes of hold all or sell all, I like the guy who mentioned having a shorter term lock on some of the FUN token and just selling the little extra that provides in the near term. Mostly I hold the longer term with the highest return given and I dont sell that as Im too close to the boundary on the upper tiers, I would lose my time bonus if I dealt too much. Others who are speculating in the token without wanting the benefits are more free to do as they wish, but the water is muddy imo I prefer to keep it small time relatively.
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Doesnt have to repeat, its a case of observation and contrast. I do expect us to repeat this whole range from 20k possibly down to 10k as an extreme, simple reason being we lack volume in this area. Theres little resistance when we previously briefly passed through every price in the teens. As we move below 14k there are more prior BTC price points to slow us down but Im going to be surprised if we bounce right back up without any hesitation. So how we react to this first resistance/support is probably the best judge of how BTC will proceed. At first the Binance bailout meant a daily close above here which was bullish conclusion to weakness but it failed as the event developed. Hence now this is probably the most familiar price point to judge it from. In regards to previous years and the old peak thats a weekly bar discussion and 12781 is about where I think we have that preestablished range but whether we repeat or how varied we are is yet to be known.
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It doesnt especially matter at this point, the majority of currency circulated is never printed. Discussing the impact of a declining trend to using paper notes is not that influential to the movement of cash. Some people prefer it but its already seen as suspicious to only deal with cash even when the business operated is specifically cash only and those people have to be careful when handling large amounts of cash due to its rarity to do so.
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Organic growth is probably best but Im not sure the weakness is over despite the good recovery today. I agree the reasoning to sell off was not especially valid but happened anyway and so now I expect we will have to explore these prices some more to be sure its established as a low. However anything can happen, right this moment we are trading higher then the 2 day average pricing so thats pretty full positive price action to occur so fast. Also the price now is about where the old support was, it might be a ceiling not sure.
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I was beginning to think I had missed the uptrend, left a buy too late to catch 'perfect'. In the back of my mind, the ultimate test the trip for those confident in their step was an obvious plot device for the path of BTC. Melodrama is a must in the crypto world I guess, its a reflection of hype we must have the plunge and hit the granite face first before we can witness the strength of who and what gets back up to take the climb further. I presume we must now explore this full range, very roughly the price action in the teens not just the orbit near to 20k. Its always a time for caution when the double sided light saber comes out the weapons cupboard with doji candles its a volatile sign for sure; perhaps church bells sounded from the local monastery should ring out to warn of an invasion of interest with irritating news articles on the perils of Bitcoin. 18k down to 12k there isnt much action (period end 2017 to 2020 market and breakup), bit of an air pocket and so potential weakness in this area. Simply put its easier to traverse from one side of this area to the other then high traffic areas with lots of trades set down; here there is not much trading seen previously. I presume we can move through all this area without even being that bearish, not much power is required so its 'icy'. Its only a rough chart, I think theres plenty of time to draw it a hundred times in the dirt while we're here navigating the fog of news events, price will loop a few times imo. Hopefully I'm incorrect and we return to 20k + by end of week, guessing not though.
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ETH gas fees are very high despite switching to POS
POS is an efficient system (cheap) but there is some benefit given to those staking. As Ive read it I understand the fees are maintained high on purpose but with the fee sent to be burnt thereby improving price presumably by reducing the overall supply of ETH available. Interesting idea, means anyone who has ETH at all even the small people could see some benefit to this system. Unfortunately the users who do not hold any ETH just purely transient usage have these high fees to transact so its questionable (negative feedback effect maybe) if it'll be a good idea overall but I prefer it to only proof of work existing. Current BTC action has broken what should have been a good trend, so now most relevant price action to reference would be the peaks of 2019 and those kind of levels. Judge strength by reaction in that range seems probably our path now. Thats BTC for you I guess, eternally volatile and tested with these harsh back tracks in prices. Is the sell off valid because that exchange messed up, not sure about that.
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Its surely a test of strength, cutting to the bone the resolve of those who believe in longer term strength. A major point in a take over by Binance was the amount of market share that would then be attributed to Binance would bring with it a headache in terms of regulation and red tape apparently this is strong discouragement along with other factors. Its possible a few other parties could take on partial assets like a normal liquidation but thats not the easy solution some might have hoped for
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Theres sure to be more tests now this event has negated support, momentum and the recovery a few times over. how many tests are required to rebuild support is debatable but at least we break from the sideways range I think is quite certain now. I dont think this exchange was a big enough reason but its not for me to decide.
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The reaction is overdone but not unknown action we've had big scares similar to this. So far as the news, I think the failed exchange is to be taken over and it'll be sorted out but I could be wrong. Anyhow doubts will quickly knock the price down from lack of buyers and willing sellers, doesnt take too much to upset the balance at least for a few hours and we'll see further out. Shame we had a nice rise going on there, this is about as harsh a retest as one could expect to see. However its closed above support so there is already some bounce back underway to speculate on.
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At todays pricing thats about $3.70 which isnt cheap but probably to be expected alot of places and I agree it discourages usage as most people arent throwing around lots of money in transactions and for the health of crypto overall it has to be usable by ordinary people not just rich large sized transactions. On a large scale obviously 3 or 4 dollars is nothing at all in that respect but I'd agree its some discouragement to general interest etc. Right now FBC itself shows withdrawal fee of " TRANSACTION FEES 2043 FUN" So, roughly it's 0.005% win chance Odds of about 20,000 to 1 roughly, that day you were extremely lucky. Its not impossible type odds but yea anytime that happens was not a normal day for sure. I hope you get the same luck on the draw itself and then pick me up for a nice ride down to somewhere sunny in the Lambo, slightly more improbable lol
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Youtube biggest problem is the comments often contain bad links and commercial posts, not to mention some live broadcasts themselves are scam or phishing operations. Their slightly iffy adverts are secondary to actual fraudulent videos they allow to mislead and deceive their customer base. There is no perfect area possible but Apple is probably correct to regulate the advert content because I know the customers themselves would want to control what type of adverts they want to see. I only disagree with outright bans for legal companies, a customer should be allowed to see anything they wish at their own choice not the corporate censors choice.
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Maybe changing to the southern hemisphere upset their aim like navigational magnetic north for birds or something. Maybe they were jet lagged, its possible for a team to be upset in their sleeping and all sorts of fairly minor things can add up. Faze being the former winners and still #1 now means they are the bullseye target for every other team wanting to counter strat all that they do, its almost literally the name of the game to do so. Sadly they could not adapt but its fairly surprising they lose to the Bad News Eagles. I said only a while ago that I thought Eagles could upset a team 10 ranks ahead of them (they didnt) but its very unusual for a team over 20 ranks lower to throw out another team. I bet the odds were great, I didnt even look at that possibility sadly. Very close games, CS very often is and its why its a good esports game and to bet on also I think.
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Good rule of thumb, is all opportunities come with risk apparent and unknown. If this was a dead cert situation, we'd see OP writing this post as a youtube video located in a fine tropical offshore yacht and many benefits from already realizing this strategy. Sadly the more success you have in betting from known info before the game or thrown games, the more obvious it would become to those who are aware of the normal percentages to losing etc. Its just aways going to be risky even if OP is true to his word, unfortunately nothing is easy for long and I play for fun so its not appealing to me tbh.
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I would state it the other way round, accounting for already current and past inflation we have had a negative GDP relative to that for a few years at least. Quite a big clue is the decline in wages relative to simple costs like food, the purchasing power parity is declining even for those in employment. Its part of why creating new money is popular with governments is that it hides low growth because inflation is creating higher nominal numbers and the accounting is variable for actual value of the currency.
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I voted yes because that is a fair conclusion even after we have registered 2 negative days recently as red candles on the graph. Price has pulled back which can still leave it within a bullish formation overall, BTC is currently at the weekly average. I'd estimate something like 20k is needed to be maintained for the overall positive momentum in this recent move. In the weekly bar view we are very modest in any positive expression, apparently recent highs match a 100 day average.
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stronger altcoins Declaring some other blockchain stronger then Bitcoin would be quite controversial a topic to try and establish. Its unlikely we find anything superior mean time but possibly a more speculative higher growth product can appear that outperforms BTC, it will be at far higher risk. Typically its best to mine the very newest projects and gain entry that way, thats a whole different subject to discussing BTC price hence we generally divide the two topics.
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However your bad loss might be the loss isnt as great as damage to your live or lungs which other past times people spend money on can do . Just maintain a positive attitude, anything can happen in life and remember this is just a game you will sometimes win sometimes lose. Try to avoid relying on a gamble for something certain or reliable, its all quite random often. 1 good lesson is split up your amount gambled over a week or monthly schedule, 1 night is never the best time to bet all.
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I believe this rally in the market is due to the news of the employment index
We can purely relate via numbers to the Dollar index decreasing, its usually the case that this allows BTC and similar higher risk perceived asset to rise. Also generally I would just describe this period of BTC rising as a relief rally, after a period of selling we can rise just from exhaustion in the order books. Same dynamic occurs while we rise in price, if there is any lull in buyers available it can be enough for a sell off. All part of the process, I do hope it builds into a progressive gain but the first part of a gain is down to lack of selling first & later some sellers will appear usually incorrectly to grab only a slightly higher price.
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so that's why playing freebitcoin when the bitcoin price is down is better You're right. The period when the BTC is trading at a low price is the best time to be more active on the freebitcoin site. Correct me if I'm wrong, but the base prizes from the Wheel of Fortune will start to decrease when the BTC price reaches a range of $27-30k. So if some users have accumulated a lot of spins, they should use all of them soon as it looks like the bearish trend is gradually ending. I dont really agree with storing spins once the prize has got to its limit then just use them. If its a Satoshi BTC reward then you get interest compound and so on etc. Holding FUN token and locking can give quite generous bonus and that is probably in excess of any other strategy to withholding spending with this particular site. Its going to take a year for Bitcoin to develop any proper retake of its prior pricing upto 50k so you might as well lock for a longer period at least 90 days is quite fair, imo 180 and even 360 is going to work out. My mistake in prior rallys was to sell too early so maybe the longer lock is for the best though I would not purely do one time frame. I think the whole pricing and variance in the FUN price is subject to long term factors and the momentum in the price action has greater weight then people might have expected, much like BTC itself. So I would roughly equate that to a tide going out, Im quite sure it'll return but on its own timescale not ours. Right this moment Im quite bullish with the current view of BTC attitude, in this instant I believe its acting well. I already said that it was quietly confident for BTC to withstand DXY twenty year highs as a burden imo that was/is a show of strength to hold up even at 'lower' pricing. But this recent consideration is within a brief range perhaps upto the daily bars on a graph, to gain the larger amounts its requiring epic stone foundations to be moved into place and reassembled, its a different magnitude more fitting to weekly and monthly bars on a graph. So patience lots of it is required for holding here or anywhere in crypto imo, to be negative now is not beneficial when it'll come in time. Anyhow considering Nov price bet, I might look at the higher bets since we are resolving positively imo despite disappointing flat finish to Oct price; I will just have to hope it doesnt reverse in a backtrack on the 30th thats always the gamble.
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If we go that far, it's not the case only with Qatar. There are numerous wars going on in the world right now, but somehow only Russia is banned and sanctioned. It feels like Russia-Ukraine war is "commercialized" to the level that people are not even aware that there are other wars in the world. Just take a look at this map. It shows every war that is going on in 2022. Not to get too political but its very simply put, Russia is not just another country its a member of the UN security council they are deliberately undermining the livelihood of a large section of the world. They invaded and killed families continually daily for most of this year additionally with threats to most of Europe and the wider world via famine; theres no way its appropriate for them to take part in anything beyond peace talks. The first priority is cease violence and aggression against civilians before you proceed with a game the two tasks are not close to the same magnitude its not close to a reasonable proposition. For their own sake the Russian team themselves they cannot be put forward like that, can you imagine the hostility that would be apparent with the news in the background of bombing campaigns. Even by your own map, can you see how gigantic Russia its not an obscure point, they are are unique burden to most of the world currently. Nobody is benefitting or happy with a team barred but thats the smallest consideration.
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