@stompix. It was not retail investors that dumped on bitcoin. There as a whale on FTX who was trying to cause a liquidity cascade. It was speculated to be Sam Trabucco, the CEO of Alameda Research, however he denied this. The other whale speculated was the other Sam, the CEO and founder of FTX hehehe. I would be shaking my head if retail investors moved the market like this. In any case, a miner from Kazakhstan shared an update. I receive a lot of enquiries from journalists to talk about protests and bitcoin mining in Kazakhstan . I am short of time and internet access right now. So let me make a thread, where I will try to answer most of the popular questions.
Main problems for miners is blocked internet. Government tries to control communications and allows internet connection for couple hours during the day. After everything settle down, internet recovered, miners should be alright. Hope it doesn’t take long time.
Mostly riots are in south of the country, whereas mining is concentrated in central and north part. It is quite safe situation for mining locations and facilities.
There is still power rationing cases. During peak hours electricity supply is limited, usually between 6 and 11 pm. After winter season ends stability of supply should be better, because of less consumption from house holds.
Kazakhstan will be mining harbour in long term. There is a huge potential for building new power generation. Both traditional energy sources and renewables. As long as country has political stability and can attract foreign capital.
Kazakhstan’s political stability is important for Russia, China and United States. Government realiezed that new political and economic reforms are needed. So I’m quite optimistic about future of the country.Source https://mobile.twitter.com/didar_bekbau/status/1479442780019691520?s=12 |
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Recently, I have been seeing many videos of Michael Saylor [1][2][3] speaking positively about Bitcoin and giving a lot of optimistic analyzes. So for someone who is a newbie, would you recommend that I send him Michael's videos to explain the economic side of Bitcoin or convince him to invest or will it lead to over-optimism that might end up with my friend losing some money? In short, the topic talks about Michael's recent analyzes/tweets and how serious it is taken for the average joe. [1] https://twitter.com/saylor[2] https://en.wikipedia.org/wiki/Michael_J._Saylor[3] https://www.youtube.com/watch?v=li3a7lKRlFkMichael Saylor always sounds similar to an altcoin bagholder hehe. He is always there to hype bitcoin and also tries to convince people to buy with him during the wrong time. We should always be in reality. Bitcoin is a combination of storylines where they say you can get rich and where they say we should hold it as a hedge for inflation. The tightening in America and many other countries will weaken these storylines. |
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Probably, many people now need money somehow. That's why they are cashing out their holdings and possibly dumping them. We all know this process, and we never expected it to happen this fast, but the important thing is that it happened; rising to $69k is a feat by itself. $100K might not happen right away, but the important thing is that we still believe and continue to accumulate. I think BTC is the best coin to HODL out of anything else.
Agreed. It is certainly also because the setting and bullish preparation of 2020 and the beginning of 2021 will never be recreated on 2022. Many people during 2020 and 2021 were under lockdown and much of them were given stimulus checks while the government printed money from nothing to pump the economy. There is also the problem if bitcoin and the cryptospace can attract the same number of new users similar to 2020 and 2021. |
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I don't understand what (or who) is behind all these apocalyptic news on Kazakhstan and bitcoin. I mean "network blackout"? Inside Kazakhstan, yes, but the rest of the world barely felt it.
The hash rate doesn't look bad at all. And for those who don't look at bitinfocharts or similar, just look at mempool.space's predicted difficulty adjustment: almost zero.
For now all I can tell is that something's very fishy about all those news. Maybe I'm wrong, but for now it looks like somebody wants badly bitcoiners get panicked and sell.
Agreed, -12% in hashrate was barely felt. If there was no news about it, would we have felt any delays in block confirmations? I reckon we might never notice anything. Other miners will turn on their idle miners if the chance for profitability arrives. However, there is someone who is speculated to be dumping bitcoin to cause a liquidity cascade. I have tried to begin a discussion but everyone appears to be avoiding it hehe. https://bitcointalk.org/index.php?topic=5375342.msg58903843#msg58903843https://bitcointalk.org/index.php?topic=5375342.msg58913221#msg58913221 |
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It appears what begun as a medium to be used for the purposes of providing liquidity in the cryptospace market, the stablecoins might have found another use case. This is the hyperdollarization of certain countries that want to begin adopting them hehehe. The Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed and today, 28.96% of all trades with tether are paired against the Turkish lira.Read in full https://news.bitcoin.com/turkeys-inflation-jumps-to-36-liras-value-plummets-citizens-flock-to-stablecoins/ |
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@Betwrong. You might want to read this article hehe. It is a very well written article which might have some speculations and assumptions, however, the whole storyline is correct, I reckon. What is the chief function of stablecoins if it is not to use it to pump and dump coins in the cryptospace? Tether Papers: This is exactly who acquired 70% of all USDT ever issuedSource https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/ |
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It appears much of the people who replied in this thread are not living in reality. Is there really a considerable amount of adoption for bitcoin or is it only used as a speculative form of investment? This is where the difference lies between real adoption and calling something adoption. We can check the mempool, it is almost empty everyday because there is not much adoption. Also, how much of the world’s population is using bitcoin? Is it less than 3%? How much percent should it be to be considered genuinely adopted?On the argument of bitcoin being overleveraged. https://coinalyze.net/bitcoin/open-interest/Where did open interest begin during April, 2020? Billions have been pumped and liquidated on 2021 and it still is overleveraged. Bitcoin might pump again, however, does everyone speculate that a bear market will never arrive? |
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There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.
In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.
bitfinex https://www.tradingview.com/symbols/BTCUSDSHORTS/This is the one, I reckon. The data for FTX, Bitfinex and Binance cannot be seen in the free version, however. https://www.tradinglite.com/In any case, Sam Trabucco has made a tweet that he is on vacation hehe. He is implying that he is not the FTX whale who is dumping on bitcoin.  Sam Trabucco, Alameda Research CEOfolks I’ve been on vacation for weeks, your aggression is mis-targeted (though the market’s dark cloud has also overtaken this vineyard)Source https://mobile.twitter.com/alamedatrabucco/status/1478854061050847232?s=12Do you trust Sam Trabucco? If he is telling the truth, it might be the other FTX whale who is dumping on bitcoin. The other Sam hehe.  the other Sam |
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I reckon Cyril Gane will be giving everyone a very shocking performance with his speed to avoid Ngannou’s punches, avoid Ngannou’s entries and manipulate him aside similar to a master vs. a stupid charging bull. This fight might become another classic similar to boxing’s Muhammad Ali vs. Sonny Liston and it will show everyone that power is nothing vs. skill. It appears that much of the fans are underestimating Gane.
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It appears that I will be finishing our league in the bottomest of the bottom hehehe. I was honestly not playing anymore as proven that I have not been changing my line up or going to the waiver wire to trade in better players.
In any case, it was fun for my first time and a good learning experience. I cannot wait for the next season’s draft hehe! In 7 months?
In fact you are ahead on our match so you could actually beat me without lifting a finger hehe, still I will say that FF was more fun than I thought so I am looking forward to the next season as well. It appears I am leading hehehe. I did not check ESPN until I read your reply. I also stopped watching the game minutes after the 3rd quarter began. I did not see Najee Harris’ touchdown. My Najeeee hehehe. Next game week, I shall play Ekeler with Najee! It will be the Raiders vs. the Chargers, the winner will go to the playoff, the loser will be out. @wheelz1200. Agreed! However, I certainly would have more points if I did a better draft. I want it to be the new season already! In any case, I read this article published on Decrypt. It appears FTX and crypto.com will be advertising during the superbowl hehe. They might be doing this to attract the sportsbettors to gamble in the cryptospace for 2022. Which might also be the beginning of the bear market hehehe. Crypto.com and FTX have already announced they will air ads during this year's Super Bowl on February 13. Companies are shelling out up to $6.5 million for 30 seconds of air time. By contrast, a typical 30-second spot for a regular season game would go for between $500,000 and $1 million.
Advertising to sports fans has several advantages in addition to the numbers above, according to sports marketing professor and researcher Kirk Wakefield. First, there's evidence that sports fans are more receptive to ads. A YouGov poll found that they are more likely to enjoy watching ads with favorite celebrities and use advertising in their calculus of what products to buy. Moreover, that ad money can go even further when advertisers act as team sponsors.Source https://decrypt.co/89680/good-shill-hunting-why-matt-damon-crypto-com-ad-is-trending |
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It appears that the development of the NFT market is witnessing its beginnings of going mainstream. I reckon those people that are saying that NFTs are only a bubble might be mistaken. We are not certain how far this new ability of digital ownership might take some industries like the gaming industry, the art industry or also the sports cards trading industry. I speculate we might see NFT marketplaces, games and tradables being available in other platforms like the Playstation, Xbox and Nintendo. I also speculate some of the largest mainstream game publishers to offer NFTs in their games. Samsung Electronics announced Monday that its new smart TVs will allow users to purchase non-fungible tokens (NFTs).
Specifically, MICRO LED, Neo QLED, and The Frame TV models, which are set to launch sometime this year, will support NFTs.
“With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater. In 2022, Samsung is introducing the world’s first TV screen-based NFT explorer and marketplace aggregator, a groundbreaking platform that lets you browse, purchase, and display your favorite art — all in one place,” the company told The Verge.Read in full https://www.theblockcrypto.com/linked/128942/samsung-nft-platform-smart-tv-2022 |
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There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.
In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.
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Jake Paul created a very funny video saying that if he is being challenged to take a test for steroids then all UFC fighters must also take the tests for steriods hehe. However, does USADA not test the fighters in the UFC for steriods already? He also was telling everyone that uncle Dana should increase the minimum salary in the UFC from $12,000 to $50,000. It appears that he is getting the attention to increase his popularity and the potential earnings from his fights in the future hehehe. My response to Dana Whites embarrassing response.https://mobile.twitter.com/jakepaul/status/1477591772683505666?s=12 |
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It appears that I will be finishing our league in the bottomest of the bottom hehehe. I was honestly not playing anymore as proven that I have not been changing my line up or going to the waiver wire to trade in better players.
In any case, it was fun for my first time and a good learning experience. I cannot wait for the next season’s draft hehe! In 7 months?
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According to the twitter account called @Wublockchain, the Solana network was again down from 2:00 in the morning to 7:00, UTC +8. This is 5 hours. The attacker was suspected to be using spam to direct a ddos attack.
I was before optimistic on Solana and I was also speculating it to be the Binance smart chain killer. However, it appears that Justin Sun’s supposed to be scam Tron network is doing a better performance record that Solana hehehe.
Would Sam Bankman-Fried, who is Solana’s biggest supporter, begin to copy CZ’s strategy for BNB and create a blockchain network for FTX’s FTT?
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@Betwrong. No new Tether? How much was Tether’s market capitalization during the beginning of 2021 and compare this to the market capitalization of 2022. I am not certain, however, iFinex, Bitfinex, Tether might have printed more USDT in 2021 than in all years of its existence.
I am not an expert also but a simple human with a brain should be suspicious of a stablecoin that is not audited. Can we trust Tether that it has not fractionalized?
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Antonio Brown’s new plan for his athletic career is to fight Jake Paul or Logan Paul in boxing and be paid 3 times more than those bonuses hehehe. In any case, yes it was very strange. It might be the psychological effect of this pandemic. I have personally begun having these dizzy spells and anxiety. I suspected something was wrong with my heart. I went to the doctor and I was told my heart is healthy. I will be going to another doctor to check if I have vertigo. If nothing is wrong, I might go to a psychiatrist hehehehe. |
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@JeromeTash. I have noticed that the hesitancy on KYC are from those very idealistic holders of bitcoin. However, the traders do not really mind, I reckon. This is an accepted reality.
Also, I think Bitmex lost its popularity, not because they began asking for KYC. It lost popularity because the government was going after Arthur Hayes and the other founders hehe. This was taken advantage by FTX and grabbed much of Bitmex’s users.
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I was reading the arguments on fighter salaries and payments and I reckon that we should be happy that uncle Dana does not pay them much money or else we would not have this woman MMA fighter create her own Onlyfans account hehehee. This is Kay Hansen. She will be champion in her weight division. https://onlyfans.com/kayhansenmmahttps://www.reddit.com/r/KayHansenNSFW/ |
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