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@Lucius. No one is blaming China hehehe. I only said it can be argued that if China did not begin the not fud ban on bitcoin mining and the ban on exchanges under their jurisdiction, the price of bitcoin might not have dumped below $45k and bitcoin might have continued to $100,000.
Also, are you telling us that the bull market has ended? Where do you predict the bottom price for bitcoin?
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This is what Bukele should be doing instead of showing arrogance. This shows that we are in this together from the bull market to the bear market. He might only be joking, however, this also shows that he wants to be part of the community and his intentions for bitcoin and the cryptospace are not short term and not only in during the good times, out during the bad times.  #NewProfilePichttps://mobile.twitter.com/nayibbukele/status/1485031106982428677?s=12 |
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Hey guys, who ended up winning your fantasy football league? Looking forward to next year already!
What a great set of games this weekend, I can't wait! Curious to hear you guys' predictions.. ( last week I had all but one winner correct but my spread cover wasn't the greatest..hoping for a better weekend).
Here's the games and my predictions..
Bengals vs Titans (-3.5)- This is a really difficult game to try and predict. My guess is that the Titans win and cover.
49rs vs Packers (-5.5)- I think the Niners are overrated and that the Packers will win and cover easily.
Rams vs Bucs (-2.5)- What a great game this should be and hard to predict. The loss of Godwin and Antonio Brown I think will show up at this game and lead to a Rams victory (betting against Brady is dumb, but I'm doing it lol). I say the Rams cover.
Chiefs (-1.5) vs Bills- This is the matchup of the weekend in my opinion. I like the Chiefs here and predict they cover.
You might be correct on the 49ers. However, they are overrated only by the sportsbooks. We the fans know they had a very challenging regular season. We also witnessed their last regular season game. It has won many hearts including mine hehe. In any case, I am shaking my head. I am not certain why the Packers spread is only -5.5 because I think that they can win easily by 1 touchdown. |
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Its best to bet only on things that test your mental IQ leve?
What if you are not always fortunate, what happens? Continue or stay off?
We should always go for what gives us the kind of results that we want, nit just going for what we tend to like especially when it comes to gambling. If sport betting is the one that do give us the kind of result that we want, then it better to always go for it.
Not everyday is Sunday and you can't be lucky everytime. There are not many sports gamblers who are in profit, majority are in loss. While if you bet on something that test you mind and you have good brain then you can double your investment like playing poker. You are right, not all the time we have the same luck, one day we can wake up enlightened and with great luck that only in a few moves we can make a great winning streak, 'but other times we can have our mind at 1000% and we can still lose everything, nothing is written in this, gambling is like that, many times by leaving everything to chance you win more than playing with reason or patterns, in the case of poker it is different, because it focuses a lot on the technical part and I think there are more possibilities of achieving good results if the main theory we have is applied well. However, I use expert because those people know what they are saying and sharing in the gambling subforum. They are really following all those sports and they will give much more intelligent opinions and evaluations than others to help you with your own opinions and evaluations. This is very much similar to those traders in social media who share their charts. They might share intelligent analysis that might help you, however, profit is not a certainty. |
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Isn't he still profitable not only massively with his personal trades, but also with his company's Bitcoin purchases? Does he have to give back any bonuses or salary? Do we suddenly forget his name? Will his creditors break his kneecaps if he can't pay? Is he having to eat ramen or apply for a job at McDonalds? Will he suddenly find himself without bikini babes at his mansion?
I think if you answer those questions to yourself, you'll know he's not too worried. I'm sure if Bitcoin goes to 0 he's still acquired more wealth than 99% of the folks on this forum. I don't think that's something to get antsy about. If anything he's plotting another massive buy with a debt offering and trying to get some billionaire buddies on board. I think his approach is for people to buy all the bitcoins and price them at whatever he wants. A lower price could be viewed as an easier path to get there.
Microstrategy’s bitcoins bought on 2020 might be profitable, however, their bitcoins that were bought during 2021 are presently with a loss according to this article.  Source https://www.bloomberg.com/news/articles/2022-01-19/bitcoin-hodler-saylor-says-microstrategy-will-never-sell-stashHowever, we should not be worried about Michael Saylor. He appears to be a strong handed hodler who will have an ulcers proof stomach to hold until the end of time hehe. But the person who we should be monitoring is Elon Musk and also Tesla. Elon is more unpredictable and Tesla’s bitcoins is almost in loss with an average price of $34,200. It would not be very shocking if there is an SEC filing that announces Tesla’s dump of bitcoins. Estimates have suggested that Tesla bought its $1.5 billion BTC stash at an average price of $34,200 a coin.Source https://coinmarketcap.com/alexandria/article/revealed-how-much-profit-tesla-has-made-after-buying-bitcoin |
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Also, this is good for clarity and for the miners to know in what jurisdictions they can go.
That's true but if that gets the green light, it'd force all of the current miners to move out of the countries that are part of the European Union [regardless of how small those percentages might appear, a big portion of them are actually the ones who relocated in the past year or two]. I reckon the community will certainly not want a similar situation as China before the mining ban and where the government can manipulate the market through fud.
You have a point, but IMO, the only country that could realistically have a similar impact to what China had in its initial attempts is only the US [at the moment]! It can also be argued that if China’s policies towards bitcoin mining and cryptocoin trading had clarity, I speculate that the dump that began during April of last year would have not occured. Bitcoin might have continued pumping and those laser eyes bitcoiners would have acheived the goal of $100,000. It might also be that China’s ban is what broke the pattern and the bottom of the next bear market might bring bitcoin under 2017’s all time high for the first time. |
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@SFR10. It might not be too late for the European Union if they want prevention of having those miners moving into their jurisdictions that might become a problem for them later. Also, this is good for clarity and for the miners to know in what jurisdictions they can go. I reckon the community will certainly not want a similar situation as China before the mining ban and where the government can manipulate the market through fud.
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Yes the president should be silent, however, if he really wanted to say something about it, do you think DGAF was really the response on it? How much is El Salvador’s debt load? There was an article that said that the debt load is $22 billion. That might be 90% of the country’s GDP and his response on the downgrade is DGAF? I shake my head to those people who praise him for it.
Also, how much bitcoin is El Salvador holding? It might be less than $100 million. That will not be enough to cover their debt load. We want to witness adoption of bitcoin, however, president Bukele should not be arrogant.
El Salvador is a developing country, developing countries are used to borrowing and El Salvador is not the only country in dept, developing countries that do not make bitcoin a legal tender are also in dept, they all borrow. If El Salvador has adopted bitcoin earlier, will the country foreign dept be up to $22 billion? Do not get me wrong in this direction, I understand that before a country will accept an asset like bitcoin as a legal tender, there are some things to consider. El Salvador would have grown more than this if the country adopted bitcoin earlier and their dept will not be up to this. When did El Salvador made bitcoin a legal tender? that was mid 2021, but see El Salvador's dept comparing it with gross domestic product in the country from 2012 to 2020 which is what you are talking about: El Salvador Government Debt to GDP https://tradingeconomics.com/el-salvador/government-debt-to-gdpIs bitcoin the cause of the dept? EL Salvador has not made bitcoin a legal tender in 2020 but the dept grew as years passed by. If president Bukele know all these, it is frustrating which could be the reason for his tweet. If bitcoin adoption continues, do you no think this can not help El Salvador? It will help the country. if your answer is no, then you might be one of the people that did not support bitcoin in the past. Where are you going with your argument? Who in this community does not want bitcoin or the cryptospace to succeed? My comment was on Bukele. He should be silent about the downgrade or make a more empricial argument than being arrogant and tweeting does not give a fuck in public as if that would help El Salvador’s finances. Are you praising him for tweeting DGAF? Is that a step forward for the global adoption of bitcoin? |
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@cabron. Ngannou’s bitcoin adoption is only a marketing trick by Cashapp similar to all the other athletes who have accepted bitcoin. These type of very optimistic news also causes me to speculate if the cryptospace is near bubble pop stage of the market. I reckon it should pump first then followed by the bubble pop dump similar to 2017. I agree to the people in the thread who are predicting that this might be a win for Francis Ngannou. He is 3-0 if the underdog hehehehe. The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.”
In addition to getting paid half of his purse in BTC, Ngannou said he planned to give away $300K worth of bitcoin to people dropping their Cash App name tag and using the hashtag “#paidinbitcoin.”Source https://news.bitcoin.com/heavyweight-champ-francis-ngannou-plans-to-take-half-of-his-ufc-270-purse-paid-in-bitcoin/ |
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Processing payments by Bitpay of 13% in stablecoins might not be a big percentage, however, the reduction of bitcoin from 92% to 65% in only 1 year is big. This is not what it was supposed to be to be considered growing adoption.In any case, my argument is for stablecoins and how they are hyperdollarizing the whole cryptospace ecosystem. Bitcoin might not be the medium of exchange we are looking for. If it is certain that stablecoins will be the most used, I hope projects similar to Terra and other decentralized, algorithmic stablecoins will be the most adopted. It should never be Tether. Bitcoin's dominance in making cryptocurrency payments appears to be fading.
Both people and businesses are using other crypto coins to make cross-border payments, bitcoin payment service provider BitPay recently told Bloomberg.
Transactions made in bitcoin towards merchants that use BitPay tumbled to about 65% of payments in 2021, a sharp drop from 92% in 2020, the company said. Ether made up 15% and stablecoins were 13%.
This shift away from bitcoin happened partly due to a preference for stablecoins, while other cryptocurrencies were dropping, Atlanta-based BitPay said. Another factor might be users not wanting to spend bitcoin if they think its price could increase 10-fold within a year.Read in full https://markets.businessinsider.com/news/currencies/bitcoin-crypto-payments-merchants-dominance-losing-bitpay-ether-stablecoins-transactions-2022-1 |
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I am very skeptical about this announcement especially after President Xi’s appearance in Davos’ virtual summit where the world’s leaders met to discuss the economic recovery after the coronavirus pandemic. Might this announcement and change in attitude be influenced by the long hidden arms of the policy makers in Beijing? We cannot be certain, however, it would not be shocking if the European Union followed Beijing’s ban on proof of work mining and cryptocoins.  Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA).
However, with mining banned last year in the previously dominant China, there may be concerns among EU administrators that its previously small share of the mining industry could naturally grow as miners search for new homes.Read in full https://www.coindesk.com/policy/2022/01/19/eu-markets-regulator-calls-for-ban-on-proof-of-work-crypto-mining-report/ |
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This might be the best moment for the president Bukele to be silent instead of finding recognition and the approval from the bitcoin community. I am aware that it is not yet certain, however, we might be witnessing the beginnings of a bubble pop. This downgrade on El Salvador’s sovereign debt might be a risk on the country’s economy and might also put the country’s financial condition in danger. Also, this 3rd world country consists more of poor people than bitcoin holders.  El Salvador president tweeted 'El Salvador don't give a fuck' (DGAF) in response to that dept degrading or whatever. I did more research to know that this kind of action against El Salvador is not new July 31,2021 Moody’s downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection https://blockchainbarista.com/moodys-downgrades-el-salvadors-long-term-foreign-currency-issuer-rating-and-it-has-a-bitcoin-connection/LatinNews Daily - 03 August 2021 In brief: Moody’s downgrades El Salvador https://www.latinnews.com/component/k2/item/89453-in-brief-moody-s-downgrades-el-salvador.htmlThe president should be silent for what reason? He is a Bitcoin Enthusiast and know bitcoin is having a brighter future. El Salvador is no much different from countries that make bitcoin legal because citizens are allowed to either accept Bitcoin or US dollar. But just that it was a great news that a country adopts Bitcoin. See the recent inflation of 7% recently in US which some people say it is higher than that, see the progressive devaluation of dollar from over decades ago. What makes fiat better? What makes dollar better? Fiat that is controlled by the government to make its value to reduce. El Salvador is having over 700 or 1000 Bitcoin now, I do not know the amount. This is because their president knows that this will benefit El Salvador. People still do not want to understand that fiat is the killer not bitcoin. I do not mean killer directly but you should get me. Yes the president should be silent, however, if he really wanted to say something about it, do you think DGAF was really the response on it? How much is El Salvador’s debt load? There was an article that said that the debt load is $22 billion. That might be 90% of the country’s GDP and his response on the downgrade is DGAF? I shake my head to those people who praise him for it. Also, how much bitcoin is El Salvador holding? It might be less than $100 million. That will not be enough to cover their debt load. We want to witness adoption of bitcoin, however, president Bukele should not be arrogant. |
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I want to know who are the experts in the gambling subforum. Many of my posts are made in the threads for NFL, UFC and Boxing.
The experts of these sports are @DireWolfM14, @nutildah, @ChiBitCTy, @suchmoon, @morvillz7z and @Hueristic in the NFL.
What is this? I do not get to be added to the list of NLF experts? This is preposterous, this is outrageous, this is... South Park ended last on the Football Fantasy League in which they participated... Well, I kind of see your point  LOL Congrats again, Ekeler beat my ass at the end. I am sorry hehehe. I will add you to the list. You are certainly one of those people who was very helpful to me. I reckon another person that everyone should be listening to is tyKiwanuka. He is very up to date with his information and very intelligent in his replies in the NFL thread. He is also a very good Eurovision researcher hehehehe. There were also some people who have been suggested in this thread who appear to also be very informative and very intelligent. I will read their post history and might add some of them in the list. However, in other sports like cricket it would be hard for me because I do not know the sport hehe. I might need help on this. |
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@Abiky. You can find much of the good long term investments during a bear market. Do not be looking for them now because the whole market might be in the risk of being in the beginning of the bubble pop. This might make a different type of long term investor out of you hehehe.
The qualities to value in a project as a long term investment is a good development team, the quality of the project and their funding.
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I am beginning to be skeptical on bitcoin’s purpose as a store of value and as an hedge for inflation if the appointed policy makers in central banks can weaken both of those purposes through a simple change in policies that would limit leverage on the market. I would shake my head if everyone thought bitcoin would continue to pump if liquidity was removed as a policy change. Liquidity removal would imply limited leverage which would also imply the beginning of the bubble pop.
A more accurate interpretation is that bitcoin could be a good inflation hedge in the future; not necessarily that it is right now. Bitcoin is still quite young in terms of adoption that the asset is still heavily heavily inefficient market-wise, hence the heavy volatility. I would agree if in the future bitcoin market will be very disconnected from the traditional financial system that central bank policy changes would not put it at risk of dumping. However, it is very clear that it is not where bitcoin is going. In any case, Goldman Sachs’ cousin hehehe, Morgan Stanley has a more realistic evaluation of the central banks’ policies, the cryptospace market and what might occur. There might be more investment banks that might release similar statements before June. Low interest rates, expansion of central bank balance sheets, and government stimulus were all “drivers of exponential cryptocurrency price rises” in the last two years, Morgan Stanley said in a research note.
Leveraged crypto markets are now weakening as the U.S. Federal Reserve and other central banks look to slow their balance sheet expansion and prepare the markets for interest rate hikes, the bank’s head of cryptocurrency research, Sheena Shah, wrote in a report published last week.
Cryptocurrency’s usage as a payment vehicle/exchange of value is what should drive its valuation in the long run. However, the market has been trading most cryptocurrencies like speculative risk assets, as evidenced by the correlation between bitcoin and equity markets in the last six months, the report said.Source https://www.coindesk.com/markets/2022/01/18/morgan-stanley-says-crypto-markets-are-weakening-as-central-banks-look-to-tighten/ |
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This might be the best moment for the president Bukele to be silent instead of finding recognition and the approval from the bitcoin community. I am aware that it is not yet certain, however, we might be witnessing the beginnings of a bubble pop. This downgrade on El Salvador’s sovereign debt might be a risk on the country’s economy and might also put the country’s financial condition in danger. Also, this 3rd world country consists more of poor people than bitcoin holders. |
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My divisional round multi hehe. Should I do this again? Also, the Chiefs is -3? The Bills can certainly win against the Chiefs because of their better defense. I did not check the Chiefs’ team statistics page, however, the Chiefs might have one of the worst defense in the NFL during the regular season.  In any case, I thought the Cardinals would go to the divisional round. After much skepticism the Rams trades for Matthew Stafford and Odell Beckham Jr. were very good. |
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I am beginning to be skeptical on bitcoin’s purpose as a store of value and as an hedge for inflation if the appointed policy makers in central banks can weaken both of those purposes through a simple change in policies that would limit leverage on the market. I would shake my head if everyone thought bitcoin would continue to pump if liquidity was removed as a policy change. Liquidity removal would imply limited leverage which would also imply the beginning of the bubble pop. |
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Similar to how it was mentioned in this news, I had the same reaction when I read the title of this article. It appears that Binance is having much difficulty in finding the right people for their compliance team. However, this might also indicate that no person who has an expertise in compliance wants to work in Binance. This makes another indication that Binance might be on their way down? Journalist bluffs his way into a senior Binance job worth $220K per year
As detailed in fintech blog Disruption Banking, reporter Harry Clynch responded to a Binance job advert for a “Senior Regulatory Advisor – Futures Business” last year.
He submitted a fake resume and LinkedIn profile under the name of Daniel Somerset. Clynch claimed to be an anti-money laundering expert working in the advertised role for Binance competitor Coinbase.
“I was keen to investigate how serious Binance really is about cleaning up its act, and how robust their regulatory recruitment processes are,” wrote Clynch. “So I decided to apply for the role under a fake name and with false credentials.”
Considering the seniority of the role and Binance’s seemingly endless bad press, Clynch assumed he’d fail at the first hurdle. “I envisaged crumbling when asked some complex question about derivatives licensing regulation.”
But four interviews later, Binance offered him the job with a salary of £160,000 ($218,500) and promised a sign-on bonus of £60,000 ($81,900) in Binance Coin (BNB) after six months.
Considering the ease at which Clynch secured his senior regulatory role, Binance may be finding difficulty in putting together a team of regulatory experts from scratch.
Binance last year pledged to hire regulatory experts after warnings from swathes of watchdogs worldwide, as well as probes from the US Internal Revenue Service and Justice Department.
Many governmental agencies allege that Binance enables money laundering and tax evasion.Source https://protos.com/journalist-bluffs-his-way-into-a-senior-binance-job-worth-220k-per-year/ |
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@uttoransen. China’s ban on cryptocoin mining was expected, I reckon. If we not include the fud, their manufacturing industry is suffering because of energy shortages that began when they reduced their importation of coal from Australia and other countries. This is because President Xi began a fight for carbon neutrality that has a roadmap for China to be powered by mostly by renewable energy by 2049.
Also, China’s ban on bitcoin exchanges and trading was their effort to slow down money laundering, corrupton and shadow banking lending because the cryptospace was becoming one of the major ways to do them. It was speculated that Tether was holding billions in commercial paper of Chinese real estate companies before much of those companies debt and liquidity problems.
In any case, China’s real estate bubble pop continues, however, they are presently containing it from spreading to other sectors of their economy or from spreading globally.
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