When I initially read this news I thought that the SEC was going after Binance with this asset freeze.  That would have been big news.  If they're going after Binance.us, that basically means nothing.  Nobody uses Binance.us and I can't imagine they have enough funds being held to matter.  It does display a little bit that the SEC has limits of what it is capable of doing.  I'm sure their main target was Binance, but had to settle for some tiny company that licenses their name instead.  Honestly, Binance.us imploding completely would hardly be news.  It does show the SEC is continuing to ramp up their attacks against crypto though, which I guess is concerning.

If AI does become something that utilizes your local GPU power to process information, I wonder what effect that will have on the mining market for GPUs.  Will it be a rising tide lifts all boats scenario, or are current graphics cards unable to perform AI tasks at a decent rate?  I'm curious, but it appears that the market is equally uncertain about the future of AI.  One thing it does seem to be indicating is that the GPU business is going to be extremely more profitable in the coming years, as P/E ratios for GPU companies, specifically Nvidia have gotten a little crazy.  I think Nvidia would have to make 20x more profit for their P/E ratio to be anywhere near reality in the current environment.  In short, people are REALLY bullish on AI.

Predicting the day to day action in crypto markets is a fool's errand.  Nobody knows what traders are going to do one day to the next or what news will spook them vs excite them.  However, when you take a step back and look at Bitcoin as a 4-year cycle with ever lowering supply and increasing demand, and it becomes very easy to determine where the price will be in the future.  As Bitcoin establishes itself as an investment worthy asset, it is going to go and has already been on an amazing ride of price discovery.  I personally think that will ultimately take us to $200K so long as we keep future FTX frauds out of the space.

With the spread down to 2.5 and Denver possibly feeling like they could be letting this one slip away, I'm going for Denver tonight with the spread.  I think they win by more than 3 to get revenge for losing on their own court in game 2.  While I wouldn't be surprised at all if the Heat were able to win tonight, I feel like the spread makes this an attractive bet on the Nuggets.  Especially if Tyler Herro comes back and screws up all the energy that the Heat have been running with since the start of the postseason.  So tonight, I'm taking Denver -2.5 and hoping this is another W for me, although I never bet enough to really care either way. 

I just read that the SEC is now looking to freeze Binance’s assets. That’s going to hurt them no doubt. It seems as though there won’t be much of a trial to determine Binance’s fate. With the SEC looking to punish the company, things like freezing assets and restricting access to banks could be enough to hurt the exchange or at the very least cause a run that will give it a proper stress test.

The SEC is also going after Coinbase, which is strange to me because Coinbase is a publicly traded company that was reviewed before it was able to be listed. I actually am beginning to think these attacks, specifically the one on Coinbase, will ultimately prove to be a good thing for Bitcoin once they win and get more regulatory clarity.

I think we’re more likely to see a run up to the halving event and then a correction after as investors take profits. Usually takes a while before the big bull kicks off.

As for the thread topic, I’m shocked how much bullish demand there is at the moment with all things considered. I’m surprised we’re back above $27K again already.

Something tells me that the aliens would probably be more interested in crypto than fiat…

How about the bounce we got today? I wasn’t expecting to see a recovery move so large or so soon. It seems like the market is shaking off the latest wave of FUD and doesn’t think the SEC has much of a case against Binance.

I’m not sure I agree with those of you blaming the parents. I am pretty sure that their child committing suicide wasn’t their goal. People do things by themselves sometimes and I feel like if help was needed it would have been provided. Having been young once myself though, I can understand how a run of bad luck could seem like the end of the world when you lack life experience.

Adopting this as a town wide policy is a bit unusual, but I can understand that there are people out there who think this is a good idea. As long as an overwhelming majority of residents feel this way, I don’t have any problem with this being the type of thing that is done in a small area. People should be able to live all sorts of ways and have places for it without infringing on the rest of our rights.

I really appreciate all the ego inflating comments on this thread. I typically only hear negative feedback from a handful of users so it’s even a bit surprising to get so many positive responses. Those who want to support what I do or be a part of it should check the links in the OP.

I’m not sure being here for 12 years makes me a legend, but it does show that I’m a little bit insane. I can’t imagine any sane person putting up with the harassment I’ve received from forum members here on and outside this forum, yet here I am. I honestly hope that this forum isn’t used to harass others in the way I have been, but am grateful to be the steel hardened with the hottest fire.

I’m not giving any more merits to users beyond this post in an attempt to let this thread die without locking it. Stay safe. Stay happy. Stay honorable.

Herro already came out and said he didn’t think it would be a good idea to try and join the team now because it could very likely mess up their chemistry. He doesn’t want to cost himself that ring. With the Heat winning a game on the road against the Nuggets, betting on them just became a whole lot more interesting though.

Ya, I had totally forgotten about this. I signed up to have a couple of them sent to me. Not sure what I’ll do with them, but it’s funny to think about all the resources this dumbass campaign wasted just to get Bitcoiners some stickers they will be proud of because the campaign was done so poorly. With this type of idiocy, I’m surprised Greenpeace isn’t a government entity.

I’m glad to see the price seemingly holding at $25K. The charts look like we should be dropping straight to $20K, so I think the fact that we haven’t on this latest Binance news is a good sign. I’m still not convinced we won’t see the head and shoulders pattern complete and take us to $20K, but it seems to be so far so good at the moment.

Kyrie trying to get the Dallas mavericks to trade for LeBron is pretty crazy. Kyrie literally almost destroyed the Celtics, walked away from them to the Nets, which he destroyed the team. Then he goes to Dallas, tanks them so hard they miss the playoffs and his answer is to trade for LeBron who he left to prove he could win without… Good luck Kyrie.

I've been waiting for Binance to be targeted as soon as the FTX situation blew up and regulators realized that Binance did the exact same thing as FTX, but they were able to survive a cycle doing so and became insanely wealthy as a result.  Looks like now that regulators have caught on, they are going to be looking to take a piece of flesh from CZ.  This is in no way a positive development for Bitcoin in the short term, and we're already seeing the start of the pain, but long term I think if we want to see Bitcoin hit the high 6 figures, it is absolutely necessary to weed out the bad actors in the space, and Binance is just FTX with a first mover advantage.

This does seem to serve as a cautionary tale. I know I would never consider gambling that $90K in this scenario. Turning $4K into $90K would be the win for me… You could invest that and get $3K a year for the rest of your life. That’s what I would consider the win. Must have been a hell of a rush watching 90K disappear though.

It was interesting to see Izzy tweet that judges should have to give interviews after the fight and defend their scorecards. This is the first time I’ve heard of such an idea but it doesn’t seem like a bad one. Sort of similar to the NBA’s 2-minute report that shows any of the officials’ mistakes at the end of games to hold them accountable.

There isn’t just a single reason really. I liked a lot of things about Bitcoin when I first discovered it. The free transactions (once upon a time), no clawbacks, a limited number of coins, being able to mine at home, and it being open source software. Plus it was being traded 24/7 and the community was friendly and supportive. It was clear to see it was going places.

Thanks everyone for all the kind words. I see a few people mentioning my negative feedback. All I can really say about that is it is a bit disgraceful that so many default trust members include users like Vod in their trust networks who publicly tried to extort me. As with everything nowadays, corruption at the highest levels.

I was glad to win my bet for the evening, which was the Miami Heat + 10.5. I was a bit surprised that the Heat actually won. It was clear they were trying some new things out on offense and it worked out for them to get them the win and even up the series as they head back to Miami. Definitely makes things more interesting.