Could be dozens of reasons:
From they want to expand in China and as we know China is anti BTC
And you think Musk can keep silent for two weeks without posting something about Bitcoin or Dogecoin? If they would have wanted to give a signal to Chinese authorities they would have sold everything, besides, what do you think is more unpopular for the CCP, Tesla holding some bitcoins, or Starlink offering uncensored internet? Anyhow They bought Bitcoin worth 1.5 billion, they sold 10% of their holdings last year now they've sold 75% of it and got $936M and have currently $218 million. So if we go from 1.35 billion worth of coins, 75% would be just 1.01, so the maximum loss would be around 70 million, still lower than their claimed $101 million of profit from the first sale. |
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I used to think that this man really meant what he said, but then it turned out that he was ready to sell his soul to the devil for profit.
I saw Novogratz, and wondered if there is a pic of his stupid tattoo in the topic, not disappointed!  His reputation was destroyed beyond any possible recovery, his word means nothing anymore, and he has become the laughing stock for some and a source of sorrow for the ones that believed in him. Right now his opinion is on pair with the dirty socks in the laundry, zero! What is annoying is that instead of simply doing the great exit of shame, the %$^% keeps opening his mouth, now with a bullish prediction of course to try to get some sympathy back by coming with the 500k pe bitcoin song. Novogratz said his heart doctor recently lost $1 million in the collapse of Celsius.
I would change doctors! We're up back to 24k and seems like every gerbil that ran 10 feet deep underground during the crash has come back up and declared everything is over! One more dip back to 20k and all they are going to go silent again. |
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Bitcoin Bond has disappeared.
No law was approved
No news From Bukele
No word from the Bitcoin Bond "architect".
Oh, who could have thought of that! The bond was 200% oversubscribed, thousands were ready to invest in this ...scheme! And no word from Bukele? No word, just like it happened with the 200MW geothermal eco-friendly one in the world bitcoin mining project? Oh no, after Akon city now there is no Vulcano city? Man, those surprises one after one, I need a large cup of green tea to keep myself calm, this is overhelming! Damn, so now we have to go back to square one and use bitcoin for what it was, a payment system that didn't need a third party, and stop using it as a propaganda tool for some wanna-be dictator. Tough choice but I can live with that! |
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Let me ask you a simple question: Would these purchases be beneficial?
When you do know that, there are better rates provided on the exchange and do have knowledge about bitcoins and cryptocurrencies enough to actually get engaged in it then you should take a step back and look how beneficial this decision would be.
This is a bit different. We're not talking about a company installing a bitcoin ATM and just trying to survive from milking the few curious passersby, this is an integration in a normal ATM. So if a large ATM operator or even a bank will allow the app provided by DigitalMint you could buy BTC from that atm without any furth modifications, just how some ATMs allow you to pay your bills or traffic tickets or even taxes, so there won't be any extra manufacturing costs, no extra rent or maintenance so both the owner and DigitalMint could charge way less than the 5-7% average and still make the same amount. |
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The adjustment will be tomorrow and the numbers look pretty good The price has just crossed 24k, and the difficulty: Latest Block: 745765 (8 minutes ago)
Current Pace: 94.9311% (1862 / 1961.42 expected, 99.42 behind)
Next Difficulty Change: between -4.9921% and -4.9644%
Next Retarget (earliest): Tomorrow at 8:56 PM (in 1d 2h 55m 56s)
We're looking at a 20% price increase from the start of the month and an incoming -5% adjustment after the previous -1.4%. From the lowest point at 7cents per Th/s, we're slightly above 10 cents, this is a huge recovery, a lot of employees in mining companies are probably also reducing their time spent on LinkedIn searching for a new job  Crisis averted, for now! |
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The US&A feds obviously have too much free time if they think $40 million is worth mentioning, given that the 2021 report says as much as $14 billion in various cryptocurrencies was stolen. The 14 billion is a worldwide number, the FBI doesn't care about that and the FBI can only publish numbers on proof of scams and investigations. Of course, they've managed to form more than only 28 and 4 victims! Those are actually the ones identified, the true number might be in the hundreds, but if the victim doesn't want to tell the world he is a victim, there is no crime being committed! Just look at the scam section here, I'm willing to bet that less than 1% think of filing a complaint with the police, and scammers know that and become more aggressive. Speaking of 1xbit, how many people do you think have actually taken the step to get their money back? I think the FBI needs to understand as well how the fiat system and government has failed in securing people's finances that has aggravated thier anger to seeking for an alternative in cryptocurrency, the government way or system is already off enough to gain the interest of the people back, no one want to risk his financial lives and privacy in ransom to the government, they are the ones to checkmate within their system, cryptocurrency maybe used for abuse but because many are shitcoins except for bitcoin.
So what you're trying to say is that if I end up divorcing I would have the perfect excuse to come to your house every night and rape your wife, right? |
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Africa might have a large population of poor inhabitants but not all Africans are poor. Nigeria is an example of the Bitcoin revolution regardless of government restrictions.
You have to love the logic on this one, you simply have to! And? Not all Africans are poor so some will buy coins and the others who are dirt poor will...still be dirt poor and with no coins! Where is the economical revolution in this case? The government doesn't need to build a special internet facility or electric power plant for Bitcoin operations, existing facilities can be used.
Yup, those powerplants that supply energy to : 15.5% of the country's population (as of 2020) has access to electricity.In rural areas, the share was 2.3%
or that generates 171.40 m kWh a year. Let me translate this for you in hashrate, a new S19Pro burns 28,470 kWh a year, the entire country would be able to support with all the electricity produced 6 000 of those! Or, an astonishing 0.3% of the global hashrate if all the country would basically should down every single other energy consumer, do you realize about what kind of country we're talking here??? I surely would not make the conclusion that any country should eliminate the inclusion of bitcoin into any of their plans forward merely because they are in a precarious financial position. Bitcoin is a financial instrument that likely could help countries that are in precarious financial positions, so the devil is likely in the details
Exactly, the details, that a lot don't want to hear because it breaks the mantra of the pure angelic savior. Their only escape via Bitcoin from their precarious financial position is for Bitcoin to gain value, there is no other way, but in order for Bitcoin to grow and help those countries, there is a need for a second buyer with larger pockets, which ironically will make them stand again at the mercy of the rich countries. It's pretty easy to understand, quite clearly Bitcoin going down won't help anyone, Bitcoin going up will not happen if there isn't someone willing to buy at a higher price, and there are no poor persons able to do that. Ironic, isn't it? Their escape from poverty means again depending on someone with deeper pockets, and we all know which those countries are! but in any case, it is likely good for any country, local government, institution or individual to get their finances in some kind of order before they sloppily get into new things (such as bitcoin) without having some kind of a budget plan and then other considerations as well.. .which may be infrastructure and also various kinds of ways that their already set up in terms of types of industries or agriculture and of course, we talked about internet, electricity and/or cell phones. There is something else needed before all that, but since I already know it will piss a lot of people, I'll just say go watch "empire of dust". That needs to be taken care of first. |
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I mean, maybe we could be a group of 40 or less and get together and run a low-cost version of the Bitcoin network with a few nodes and a limited number of hash miners between us, like in the early days. You mean a clone with no value whatsoever. There is already a network for you, it's called testnet, and seems like it has only 500Th/s right now, so you could mine not just one but quite a few coins even with an old ASIC that is valued at scrap metal price. Or you could mine some bitcoinclone, since it's clear and you know you can't have the original, a cheap copy will be all you can get this way. |
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I am not aware of any evidence that Celsius was a ponzi. I think it is more accurate to say that Celsius made risky investments (loans) that turned bad.
What do you call offering high-profit rates if you lock your deposits for a limited time and then pay indeed for a while those returns till ..there is no money left? As for bad investments, it's still a bit foggy but I can see a small resemblance between investing in cryptodickbutts and hoping that a macaroni factory would be able to pay $20 million (in 1920) Right now with the lawsuit it's Celsius who will have to prove they are not a Ponzi, and they are going to have to come up with proof of how they expected to generate those returns, and no judge will believe them if they will try to weasel their way out by saying they believed those assets will rise in value and so on. Otherwise, you could start offering 50% a day and your excuse would be that you know think the moon plot you've bought will go up 1 quadrillion times because there is gold under it. On the “Why Trust Celsius” section of the website, Celsius directs users to its whitepaper from 2018. This whitepaper explains that “members will be able to
easily earn interest on their crypto assets the same way they earn on the savings in the bank – but with much better rates.” When describing where this yield comes from, the whitepaper states, “Hedge funds, family offices and crypto funds still want to play in the world of cryptocurrency. Fortunately for us, they are willing to pay high fees to do so.”
In a video on the official Celsius Network YouTube channel titled “How Celsius earns yield,” CEO Alex Mashinsky explains that Celsius earns its yield through
institutional lending. According to Mashinsky, when an institution needs fast access to crypto assets for arbitrage, market making, or shorting, they borrow those assets from Celsius at a high interest rate for a short period of time. Mashinsky claims that “the key is to get a high yield at a low risk.” Yup, postal reply coupons! 400% profits from arbitrage, no risks. |
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I would say that there are many domestic traitors within the EU, and that some foreign countries that want to weaken and break up the EU also played a big role in what is happening. Phase 1 - Brexit, phase 2 - war in Ukraine, phase 3 - bringing to power politicians with anti-EU views.
Oh, and who could that foreign countr y! be?  The one that was always afraid of a strong Europe because it knew in a case of conflict with a united Europe they would get their ass handed to them? The country that fears Europe as the only times it has been able to defeat a major European superpower it was because it received help from another? Who else but Russia with its glorious history of defeating Napoleon (which actually never happened since the Russian never defeated Napoleon in battle, neither at Borodino, neither at Maloyaroslavets or Smolensk) fast forward bypassing the loss of Crime to Napoleon the third, the defeats inflicted by Japan and the catastrophic ww1, to ww2 where they only manage to survive because again they were facing a single superpower and had backup from two of them. Why would the US fear Europe, why would it want to weaken its most reliable ally, and why would you want a poor friend? It's pretty clear who the ones trying to destroy Europe are, and they use the same propaganda, the US is the warmonger that seeks to keep the EU as a vassal, and so on. Remember how you took the bait of the warmongering US and the forgot what cereals for breakfast episode? That's how it works, and many people right on this forum are no strangers to this. And for the EU, the negative impact is going to be for the long term. Their industries won't be competitive without cheap Russian gas, which will be re-routed to Asia in the medium to long term. Alternate supplies such as Qatari LNG will be much more expensive and that will doom the heavy industries.
When do you say long term you mean after the conquest of Ukraine which according to some self-nominated strategist happened in May? |
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I wonder what would come of Europe in winter specially since the gas reserves are at 26% and decreasing while they should be at least 80% before winter comes.
You can wonder also about the price of donuts in Bartovia, the article clearly mentions those numbers were in March but of course, paranoia and propaganda are stopping you from actually understanding a simple text. Here is the live status of gas storage across Europe: https://agsi.gie.eu/Despite the reduction in Russian gas, deliveries from other sources saw the injection rate accelerate in the second half of June (chart), from increased LNG deliveries that are currently running at record levels. It's at 64.42% as I type this, and is still growing for day-to-day intervals by 0.41, a full 40% extra of tears for Russian and Iranian propaganda. |
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She's the one that said last year: Reminding that the crypto market, excluding Bitcoin, is up 200% for the year, Demirors said that Bitcoin has always been a volatile asset class. “I’m not going anywhere even if we go to $20,000. Last March, we were at $3,000 for Bitcoin,” she said, adding that “we have to keep the context in mind.” Karma has no mercy sometimes We normally see a nice run after a halving (not sure if we actually normally reach an ath by then or not though - I thought they normally come in quite a bit after).
It does look like the person making that statement is just collating most freely available analysis/robably the one "most likely" into one concise press release though.
Everyone was just a few months ago making predictions based on the fact that Bitcoin has never gone below the previous ATH, well, it went there. Now, it's obviously time to completely destroy this halving scenario by either refusing to go to a new ATH after it or by making one before the actual halving and dropping afterward. But yeah, going for a 24 months period is the new most accurate prediction they can make without risking to look like a few just a few months later. |
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The problem is not with solar panels, but with the battery to store the electricity. The main issue here is that solar panels generate power only during day time. And the peak electricity usage comes in the night time.
Are you trying to break a record on how many times can you be wrong on a forum? In what galaxy is the peak electricity usage at night?  Every state despite being 3000 km north or south uses nearly the same pattern, and I don't think 6 PM means nighttime anywhere! And batteries that are needed here can be expensive, needs constant maintenance and need to be replaced every 3-4 years. And during the last one or two years, the battery prices have gone over the roof, due to the rising prices of raw materials such as Lithium, Nickel and Cobalt. Irrelevant, if you would have actually read the proposal it doesn't say at any point any of the buildings should be off-grid. What about countries that dont have any state support programs ?
Simple, it will not be mandatory! We're talking about an EU program here! It's like saying that Germany will ban ICE from 2050 and you come and ask what would Uganda do! |
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An exchanger with a .nl Netherlands domain, a company based in Poland, and an EN/FAQ that is written in Russian, plus the cherry on top a telegram name that is a model of a car, which sound really, really professional, not! @LoyceMobile, swiss ninjas, the worse! |
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As for the trading volume, I don't know how sites like CMC get these data, but you should know that their owner is CZ, and that it is not surprising that his exchange is at the top. Considering how popular CMC is, maybe now some people are sorry that they weren't the ones who bought it a few years ago.
They rely too much on the API exchange provide, on CMC Coinbase is 11th on Coingecko it's on 7th, but looking at what's in fronT, P2PB2B the mother of all scma tokens, Citex which looks and sounds really really shady, Token can that claims a 2% depth of $4,936,223,585,853.22...common. Probably by real volume including their app Coinbase is sitting strong on the second spot. I don't see this as particularly bad news as many influencers won't have a reason to shill Coinbase to their followers anymore. And another good reason to remove your money from Coinbase as they might have liquidity issues.
Oh, fewer youtube videos of guys posing with scared, laughing, shouting faces and stupid graphs, making 30 minutes videos of nothing just to cram more adverts and telling you 100 times to like hit subscribe, and use their ref links to support the channel in my recommendation feed? What could be better? Besides, from Coinbase's point of view, why pay those guys 40$ when right now, I doubt even newbies who have barely heard of cryptos know about Coinbase already, one google search does more than 1000 "influencers". The clear example is this article itself, which is a rewrite of the original at https://www.businessinsider.com/coinbase-temporarily-shutting-down-us-affiliate-marketing-program-for-influencers-2022-7but... Coinbase did not immediately respond to a request for comment. vs: In response to request for comment about the affiliate marketing program, a Coinbase spokesperson wrote in an email:
"As shared in our Q1 Shareholder Letter, the majority of our marketing spend is oriented towards performance marketing. Affiliate marketing is one of many supplemental levers we employ to reach target audiences, and the temporary pause of the program is in no way indicative of a liquidity problem. As a publicly traded company, our strong balance sheet is transparent to the public. We look forward to working with many of our incredible partners and web3 creators in the future." So do we need latestfinance.news at all? |
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Broken link!
Apologies. Here is the link:https://pleasuresyouike.com Seriously? You ended up typing it wrong even the second time? And speaking of second, what's with that PO Box and erotic toys stores, this is the second or third one that uses bitcoin and the same address "PO BOX 228 Hitchin Herts SG4 0WW". No location, no company name, no phone number, email support, you're just drop shipping, right?, not that is a bad model, especially in this industry but you should be honest about it. |
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Where there's smoke there's fire, you know, and although sometimes what looks like smoke may have been steam or something else, I don't think we should rule out the possibility of bankruptcy even though Coinbase seems too big to fail as DdmrDdmr says.
You can't rule anything in the crypto world out but right now even with all those dominos falling right and left I think Coinbase is still safer than a lot, and if it finally fails it will be probably among the last. Google translation of DdmrDdmr post - The market is low, logically creating less income.
- The company's shares, at their current value it is understood, could pose a problem in the short term.
- They have recently closed their affiliate program, which gave rewards to users for referring new customers.
- There have been cases of recent liquidity crises, with already known results, trapping thousands of clients and their assets. Less income but not a lot less, yes volumes are low but still, they make money out of the trading value not out of the individual value of the assets, the company share price is quite irrelevant, there has been no company that is going to collapse because of the share price if that drops to 1$ they can just buy it back, stockholders should be concerned with that, not the company. The affiliate program, well, I don't know how it worked and how much they were paying and of course not how much they were making out of it from the extra advertising so, it might be a cut to save money short-term or it might have been completely unprofitable. The liquidity, that's a guess, and nobody but the ones at Coinbase could be guessing this, but if Coinbase is lacking these, then the others are already toasted. Mt Gox was too big to fail.
To be fair nobody trusted MtGox that much at that time, they were just big but a lot had problems with it, it was previously hacked, and many were already sounding alarms about the amateurish way it was run, their whole brief existence if just a series of failure and lawsuits and hacks. MtGox was so big because there was no real alternative at that point, not because of their trustiness. |
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What you guys think about Braiins approach of calculating the cost of production of 1 Bitcoin on their site? I see they end up mixing CAPEX with OPEX, but I can agree with the approach at least until we don't reach ROI.
It's a calculator, the only difference is that it shows you how long it will take you and what cost till you mine exactly 1 BTC. They basically show you how much you pay a day and calculate the revenue in satoshi, unlike traditional profitability calculators (they have one too). The thing is that you still have to insert the hashrate, the power consumption, the electricity price, things that you know for yourself, but a thing that nobody knows for an entire country, even the price per kWh, let alone the number of different gears. Of course, you could say, I'm in Germany I have 40cents per kWh, I have an S19j it cost me this to mine a BTC but that doesn't make it a rule for the entire country. As I said previously, on those numbers I wouldn't be mining at all. Oh, something interesting from the previous calculator: 70 ICELAND $24,294.63 $-2,253.03
71 CANADA $24,493.76 $-2,452.16
79 CHINA $25,489.45 $-3,447.85 This is just lol material, 3 countries known for mining would be mining at a loss now. Interesting. And yet most mining as far as I know comes from Kasachstan?
Kazakhstan was never ranked number 1, and with current events there I think it will be close to impossible to rank 1 even if we break the US by states. |
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It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa.
Since in the whole ranking there are only two countries, I don't see the nice part at all. The data they collected seems like a joke, how can El Salvador and Central African Republic who accept Bitcoin as a legal tender aren't a crypto friendly lol. The fact they're encourage more Bitcoin adoption since their government already suggest people to use Bitcoin and their wallet, also all businessman already accept Bitcoin as an alternative payment.
Because when you do a ranking you don't just laser eyes, bukele buy the dip and that's all, you need the complete environment for it. If Salvador was so bitcoin-friendly and much more than any other country, can you please let us know what major companies have moved from Europe and US to Salvador in order to take advantage of this friendliness? Since the answer is, none, you have your own answer there as well. Anyhow, now that Adolf Putler has signed the ban on crypto as payments for goods and services, does it mean we have a new number 56, instead of 17? |
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