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There are people connecting the similarities between AI now with its level of hype and the internet back in the dot com boom. I think while AI is awesome and will change the world, perhaps people are thinking it will change the world a little faster than it will. It took over a decade for the internet companies to get their valuations and businesses figured out. AI will likely be similar.
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A lot of people have been yelling for them to stop raising rates for a while now. With inflation where it has been, prices are rising everywhere expect compensation. Salaries have called way behind the cost of living increases and the only thing in my opinion keeping us from a 2008 style crash is that asset prices are being held up by rampant inflation. |
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A wrapped Cybertruck was spotted yesterday at their testing plant. This is the first time I’ve seen one with a wrap job. It looks pretty cool. Not the style I would go for but it’s nice to see that these trucks will easily be able to be wrapped in whatever color or design you want. Take a look for yourself using the below link. https://twitter.com/sawyermerritt/status/1668798166139895808 |
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Equities markets are cheering the lower than expected inflation rate this morning. This means extraordinary government measures to reign in asset prices won’t be needed much longer and the printing press will soon be fired up again. This is good news for everything priced in dollars, which includes Bitcoin.
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I really wish the Finals should have been longer but it is what it is. Still mad respect to the Heat organization for an amazing run.
Yup, that’s how pretty much everyone I’ve talked to about it feels. Denver deserved the win and I think we’re witnessing the birth of a new dynasty as they’re all still young enough to get 2 or 3 more titles if they can stay healthy and together. This was the ending that was to be expected and hopefully the regular season comes back fast! |
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First half down. So far the Heat are surviving. They’re shooting terribly though. They’re mostly being saved by the fact the Nuggets are shooting 1 for 15 from three point range in the first half. It seems like Miami is making a massive effort to win this game. If they can sustain their defense for another two quarters I think they might win. That’s a tall order though.
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As human beings as a whole fail to meet basic reproduction needs to sustain the population going forward, immigration will likely be viewed by politicians as a way to keep the boat afloat and keep tax revenue coming in while society begins to collapse. The downside being that the immigrants will likely be relocating because they want a better life, and this are likely a less wealthy class so more prone to crime, etc.
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It appears as though Pakistan has already started ditching the dollar and using other currencies to make their global oil purchases. I don’t see any reason why they wouldn’t be included into the BRICS+ alliance that is forming right before our eyes as Joe Biden does nothing but accelerate demand away from the dollar. We’re witnessing a changing reserve currency and it is going to be extremely fascinating to watch.
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$ 80k is very high for this year and I believe more for this year to $ 50k because it is still realistic for me,
$ 80k is a reached a new all time high and a new all time high for Bitcoin usually it will be reached when the halving is finished,
while this year Bitcoin haven't done it yet and will do so in 2024, so it could be 2024 or 2025 Bitcoin reaches a new all time high.
Even $50K seems high to me given all the headwinds we’re facing. I think we’re likely to sit around $40K at the end of the year as we head into the halving. Once that is behind us, I think the market will see that the price is getting ready for another bubble and that’s when the FOMO will begin and things will get interesting. |
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It was nice to see MATIC’s price bounce after the recent massacre. It’s still down quite a bit but the freefall from altcoins being attacked by the Untied States seems to have left the worst behind. I have a lot of expectation that MATIC will do very well as the metaverse becomes more developed, but it’s been a bumpy ride this cycle so far.
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NFTs can last as long as their hosting does. Many people think NFTs are images on the blockchain, which is not true. They are just a link on the blockchain, so someone still has to be hosting the image. Until a better way to store NFTs on blockchains has been established as common, it will always come down to who is hosting the images.
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I think now would be a poor time to invest in BNB. Sure, they say to buy when there’s blood in the streets and Binance has definitely been dragged lately. I think the likelihood of any big move in the price of BNB is toward the downside though. After Luna and FTT you really can’t be too careful. I would avoid.
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Gambling on losing teams is a legitimate strategy, but more than betting on losing teams I think it is evaluating the risk/reward scenario with a specific bet. Sure, there might be a team that is likely to win, but maybe it pays a penny to the dollar. Basically, winning that bet doesn’t make a difference. I get more entertainment out of betting longshots and making sure the reward is worth the risk.
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I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.
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I don’t think Tyler Herro makes a difference either way. They’re playing in Denver so they’ve got altitude and the home crowd working against them. Denver will be wanting to finish them off and I’m pretty sure that’s what will happen. Likely in a blowout as Miami resorts to hoisting 3s. That being said, I think you have to bet on Miami tonight. The odds on Denver just aren’t worth participating in.
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The Houston Rockets seem to think they’re going to be able to get James Harden on their roster for next year, but have come out to say that in the event they are unable to get Harden, they will be pursuing Kyrie Irving. Not sure Kyrie has any interest in playing there, but I suspect after his antics the last few years he won’t have as many options as he thinks.
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I’ve never used TikTok and quite frankly it always seemed very stupid to me. My generation thought it was embarrassing to be caught dancing dumb on video, so the whole thing is beyond me. Seems like a way for pedos to watch little kids dance if you ask me. Add in that it’s a spy tool for China and TikTok might be the worst app ever created in my opinion. Definitely nowhere near YouTube.
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Three years ago I made a paper wallet using an online generator and my public key is 1MXb3vY5sCC2rB2bD2rusQjxEyYUDEKcHT. I stored my private keys locked in a Keepass password manager (with a very long and strong password) and made sure it's different than my primary general Bitwarden password generator. I just checked my balance 2 days ago and realized it's all missing since 11/25/2022. Any advice how to get my money back? I feel like reporting or even trying to sue Sarkis Sarkissian (new owner of the bitcoinpaperwallet) would cost me even more headaches and waste of time since not guaranteed that I will get my money back. Do you happen to know any success stories or any recommendations on what I should do?
Thanks in advance.
It will do no good to report the owner of the service. The problem is that you have relied on an online private key generator and this is already a wrong practice, there are many other ways to generate a secure entropy seed, for example you could do it with dice. Also you kept the key on keepass which recently found a vulnerabilty bug. https://www.darkreading.com/application-security/keepass-vulnerability-imperils-master-passwordsReporting likely won’t result in any action or recovery of funds, but at least it’s something. Who know, maybe it will get Google to stop directing people to the site. It is unfortunate that people can get into Bitcoin and then experience a scam like this when just trying to easily store their funds. The thought was in the right place taking custody of his coins, but lack of knowledge in the space can be devastating. |
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While nothing is promised in life and especially when it comes to money and investments, if there were a single piece of advice I could give to someone young who wanted to be rich, it would be to invest. Sure, staying healthy and getting educated will definitely help you as well, but in all honesty, nothing will impact your financial life more than investing early in a diversified index fund like the S&P500.
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Bitcoin is holding up pretty well in comparison to the altcoin market. Even altcoin darlings like MATIC are getting hammered hard. Bitcoin and Ethereum seem to be the safe havens the market is running to, but even they have seen declines. As I’ve said before, I think the current price represents an attractive risk/reward scenario for investors.
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