Interestingly, it looks like gold has been tanking the last couple days too. So much for the safe havens.
China fleeing to cash? Seems self-destructive but I guess the shops don't take crypto for rice buns. |
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it's probably a good idea to have a decent stock of basic non-perishable food and basics like toilet rolls, first aid etc. - just so you don't have to actually go out to hunt down basics.
This. You don't need to have *that* much to ride out a short term screwup, I just went out and picked up a few hundred worth of extra groceries. Mostly the extra was canned goods, pasta, staples, rice, potatoes, and the like. Clean water would be my chief concern. Here's a good checklist in case you expect to be without power and/or clean water for a few weeks. It's a hurricane preparedness site but this is the stuff you'd need to think about... https://hurricanesafety.org/prepare/hurricane-safety-checklists/I used this last time I was in a hurricane, worked great, there are several similar products on the market... https://www.amazon.com/gp/product/B00W2BQT4GAnd of course, it's important that you know how to use all this stuff *before* you need to. |
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Doesn't look like Bloomberg is a Yang replacement when it comes to crypto if he has this attitude... https://news.yahoo.com/audio-bloomberg-slammed-warren-scary-023635538.htmlBloomberg also said that he would use a "campaign platform" for the presidency to "defend the banks."
"You know how well that's gonna sell in this country," he said, adding that the people in the banking crowd are his "peeps." |
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Great read, thanks for sharing. I'd merit but out. |
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Still don't understand the use case for Tether, other than as a temporary place to park value between trades on the ever diminishing number of exchanges that don't settle in fiat.
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How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto. https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-buttonHere they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.) Don't cheap out with this. Go set up your will with a lawyer that specializes in this. Make sure all your accounts and the information needed to access them is setup ahead of time for your heirs. Choose your estate executor. Update as needed every few years. This is important stuff if you have a family or otherwise want to disburse your assets after you die. Nothing is as soul draining as when already suffering from loss to then have to spend your time you should be grieving instead messing with lawyers and gov't types and unscrupulous relatives because your loved one failed to plan ahead. Ask me how I know this. |
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Tomorrow's markets look bleak (this is the most likely explanation for a 250 [EDIT: $ or euros or whatever] point down in btc): https://www.cnbc.com/2020/02/24/us-futures-coronavirus-outbreak.htmlAs of 9:45 p.m. ET Sunday, Dow Jones Industrial Average futures were 392 points lower, pointing to an implied opening plunge of 385.41 points for the index on Monday. If that reasoning in the article as implied is true then I'd expect BTC to be the recipient of safe haven funds. We'll see when the markets open I guess. Or not. BTC seems to do what it wants. |
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Haha! I love those old pulp covers.  |
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This will only be meaningful in terms of lifestyle when people generally talk about their savings in terms of sats not bitcoins. That will require worldwide adoption by most every sector in society which honestly seems pretty far away right now.
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If you can’t feed them, don’t breed them.
[soapbox] If you can't educate them don't breed them would be my choice. It's not that we have too many people that are burdens on the taxpayer. We have too many people that are dumber than rocks and wear it as some kind of honor. Successive generations of equating every random person's uneducated opinion on the same level as experts who have studied their topics for a lifetime are guaranteed to knock us all down a peg or two. [/soapbox] |
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LOL @ the recipient's address "EThKiLz" |
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Man, days like this I wish I had the stones, knowledge, and luck to sell then re-buy. Just seems too much like gambling to me. OTOH, it does make me want to try and scare up as much fiat as I can to BTFD though I'll most likely just continue to DCA at my current levels. DCA may not have the adrenaline rush of executing a perfectly timed swing trade but I'll take it.
Observing 9523.19
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Seems like central banks are doing everything they possibly can to avoid adopting bitcoin. At some point they'll cave and just use the solution already provided instead of trying to reinvent the wheel... https://cointelegraph.com/news/brazilian-central-bank-promises-instant-payment-platform-to-compete-with-crypto“Pix came from a need for people to have a payment instrument that is both cheap, fast, transparent and secure, If we think about what has happened in terms of the creation of Bitcoin, cryptocurrencies and other encrypted assets, it comes from the need to have an instrument with such characteristics."
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and for me?if the trend now will continue to progress?then for sure more than the Highest price is what we are looking,2k-4k$ is what i am expecting.
$ 2k - $ 4k? wow..your expectations are very high  Unfortunately, I'm not as optimistic as you. There are so many Eth competitor platforms that are starting to gain the trust of the community. I am very happy if eth can reach the price of ATH $1500 That's between 0.02 and 0.04 of bitcoin if/when BTC hits $100,000 USD. Current ratio is around 0.025 approximately. It's not out of the realm of possibility for ETH to get there, but you might be waiting awhile and the competition among coins is only going to get fiercer while you wait. |
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Now here's a nice deal for the upwardly mobile, start a coin and raise $45,000,000. But... don't do any reporting then get fined by the SEC for $500,000 3 years later. That's a fierce gumming I tell you what. https://cointelegraph.com/news/sec-nails-enigma-ico-orders-refund-registration-and-fineEnigma settled with the SEC, agreeing “to return funds to harmed investors via a claims process, register its tokens as securities, file periodic reports with the SEC, and pay a $500,000 penalty,” the statement detailed.
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