This is what fear looks like.
The US dollar overlords have been angry and scared from the day El Salvador announced that they were going to accept bitcoin as legal tender reducing their reliance of USD.
The government needs to deal with those damaging public property fiercely to send a message.
Agreed! This is also what I was arguing about but someone told me that I was creating too much drama on what might occur. However, there it is! Pictures of similar scenes of what was see in the movies hehehe. It will not be shocking if there will be an attempt for the ouster of Bukele funded by the powerful bankers. |
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This is clearly good news for the continuation of the bull market because this appears to be a big endorsement on the cryptospace or the institutional investors remain to have billions in extra liquidity to invest and pump prices to new all time highs hehe. Junk-bond investors gave cryptocurrencies their biggest endorsement yet as Coinbase Global Inc. sold $2 billion of debt.
Demand was so high -- at least $7 billion of orders poured in -- that the crypto behemoth was able to boost the deal’s size from $1.5 billion, according to a person with knowledge of the matter.
The warm welcome from fixed-income investors shows that cryptocurrency is no longer a sector reserved for venture-capital funding, as debt investors including pension funds and hedge funds look to get in on the action.Source https://www.bloomberg.com/news/articles/2021-09-14/coinbase-s-junk-bonds-show-crypto-really-is-going-mainstream |
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I reckon it is very easy to say. It will bring one of the biggest bubble pops in the history of the cryptospace market. Tether have brought much of the liquidity after 2017 and have presently become a systemic risk. Removing this would bring a market failure where liquidity cannot support the market dump.
Having been around long enough to ride the 80+% drop when Gox collapsed, I don't think it would be as dramatic as that. I suspect a larger overall percentage of Bitcoin users were involved with Gox in 2013/2014 compared to the overall percentage of users who store wealth in stablecoins today (although I could be wrong). I would also hope that regulators would announce a sensible timetable, well in advance of any major changes, to prevent panic. Pretty confident that any fluctuations with Bitcoin's price would be short-lived and would probably recover fairly swiftly. I believe the far greater harm will come to those who opt to continue holding stablecoins from this point on. And, to be perfectly blunt, I'm going to have little sympathy for anyone who gets burned when something negative happens there (and it is definitely a 'when', not an 'if'). The warning signs have been there long enough for even the most blinkered person to take notice. They looked sketchy even before the regulators took an interest. I'm of the view that people who freely choose to continue holding vast sums of these corporate IOUs, despite all the mounting evidence as to why it's a terrible idea, must have a mental impairment. There's no other logical explanation for it. All gamblers lose eventually and that's what stablecoin holders are. Get out while you can. In 2013 - 2014, the cryptospace’s total market capitalization might not be more than $2 billion, the daily volume might not be more than $1 billion and regulators were not very active. Mtgox’s systemic risk might not be as large as Tether’s present systemic risk. I speculate a liquidity shock of losing Tether will have much more impact than losing Mtgox on 2013 - 2014 and the recovery might be longer. |
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Conor McGregor was making his shitshow again on MTV Video Music Awards and this time he was yelling and taking a swing at Machine Gun Kelly (Megan Fox boyfriend), I think he totally lost his mind and gone crazy.  https://www.youtube.com/watch?v=wL9JUY18CaMHard to believe that this all was only due to a denial to make a damn photo. Money spoiled McGregor. I think he thinks that a man with money can not get a denial. I can make a rude joke. McGregor is so bad at striking that the only one he can punch are old people. It is no use to make a fourth fight against Poirier  He wont even hit him. Conor being Conor. It looks like he lost the idea of how he wants to portray himself. He had some conception on what his public persona should be in the past, but it was highly linked to him winning in the octagon. With that gone he seems to be less aware of how to transition his persona to something that would work with his current status. The drugs and the alcohol has destroyed Conor’s mind. I was a fan of him, however, it is very hard to idolize someone who has an unstable mind. However, I am presently idolizing the new pet of Dana. His name is Paddy the baddy hehehe. He gave the fans a very good performance! https://m.youtube.com/watch?v=3x3VzVx12Lk |
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@NeuroticFish. However, I reckon this might also arguable. Cryptocoin transactions are also easier to hide with all of these privacy tools available for all of us users. I reckon cryptocoin mixers might increase in usage for tax avoidance hehehe.
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@DooMAD. What do you reckon would be the effect of a crackdown on stablecoins in the cryptospace if successful? Much of the liquidity of the market are presently in stablecoins. I have argued before that it might be a cause of one of the largest liquidity crunches in history that would pop the bubble, however, there were people telling me that I was antagonizing and spreading fud.
They have also argued that it would pump the price of bitcoin because USDT holders would buy bitcoin as an exit from USDT. My answer to that was why would bitcoin holders sell bitcoins for USDT? Their reply was the same, I am an antagonizer hehehe.
Hard to say, really. Trying to predict market movements before they happen is basically a guessing game. I wouldn't attempt to claim I knew how severe the impact would be or how long it would last for. But I'd imagine it would be a similar effect if people lost faith in stablecoins because a major one like USDT failed and everyone suddenly realised how vulnerable they are with a single central point of failure. A lot of people likely would end up bag-holding USDT if Tether's backing assets got seized, their peg completely failed or it collapsed in some other way. Or regulators made it impractical to use or shut it down completely. A small number of people with fast reactions would get out via existing open BTC orders. A few more might get out via altcoins, but even then it might be slim pickings to find an off-ramp after reality had sunk in for most people. One of the many reasons I steer well clear of it. I reckon it is very easy to say. It will bring one of the biggest bubble pops in the history of the cryptospace market. Tether have brought much of the liquidity after 2017 and have presently become a systemic risk. Removing this would bring a market failure where liquidity cannot support the market dump. |
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NFL fantasy experts, who would you choose to have in your flex? Corey Davis or Terry McLaurin? My first choice is Corey Davis because it appears that there is a good partnership beginning to form with Zach Wilson. However, the Jets will be playing against the Patriots. Terry McLaurin I like also, however, the Redskins are playing their qb2 and the partnership might not be good as Wilson and Davis partnership. Who would you choose?
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Would Trey Sermon be included in the team on week 2 or will San Francisco make Elijah Mitchell their rb1? I speculate that there might be more effort to play Mitchell as rb1 than considering Sermon in the team as rb2 or rb3. I have requested for a change in ESPN already hehehe. Also, did Covid Cam get a free opportunity for a reunification with Ron Rivera? A source told ESPN's Adam Schefter that Fitzpatrick is expected to miss six to eight weeks.
Fitzpatrick was injured on a second-quarter hit in Sunday's 20-16 loss to the Los Angeles Chargers. He was replaced by Taylor Heinicke, who will start Thursday's game vs. the New York Giants. Heinicke completed 11 of 15 passes for 122 yards and a touchdown Sunday.Source https://www.espn.com/nfl/story/_/id/32203017/washington-football-team-rules-ryan-fitzpatrick-thursday-vs-giants-taylor-heinicke-start-qb |
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@Woodie, @SFR10. I reckon this is why there are mixing services. They are tools to preserve privacy for all tranparent blockchain transactions similar to bitcoin.
In any case, government only wants control and their share through what they can tax in the cryptospace. They will again use for public protection as the argument for regulation. It always fear they use hehe.
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@wheelz1200. Matic is not a low cap project anymore. It has $8 billion in market capitalization and it should be part of a midcap index, I reckon. Low cap gems should be coins or tokens similar to Tulip, Step, Media or Maps. There are a few of them in the Solana ecosystem. However, be cautious and wait for a few days. Solana blockchain is presently being restarted by the developers because of an embarassing shutdown for several hours.
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It appears the new flying superstars of the cryptospace has landed on the ground with a few wounds and scratches hehehe. This might not greatly affect the Solana ecosystem market, however, this is a red mark on their report card. According to Solana Status, the network is being manually restarted and presently has 42% of the validators online. Solana blockchain requires 80%.  The network underpinning one of this year’s fastest-rising cryptocurrencies is having problems validating transactions, according to a Twitter account run by the Solana project.
The issue stemmed from “resource exhaustion” in the network that caused denial of service, one tweet from the Solana Status account said over eight hours ago. Third parties that validate transactions on the blockchain elected to coordinate a restart of the network and are preparing a new release, the developer team said later in a statement.
“It has some interesting technical features, but realistically Solana hasn’t yet been fully tested in a live setting,” said Strah Savic, head of data and analytics at FRNT Financial. “What we are likely seeing is the experimental nature of blockchain tech playing out.”Read in full https://www.bloomberg.com/news/articles/2021-09-14/blockchain-underlying-red-hot-crypto-solana-hits-processing-snagupdateSolana network was down again for 5 hours. https://bitcointalk.org/index.php?topic=5360030.msg58894790#msg58894790 |
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Did anyone watch it? I reckon Anderson Silva was very fortunate he connected a lucky punch on the head of Tito Ortiz. Ortiz was beginning his attack with strong punches and very fast hand speed with similar head movement like Mike Tyson’s peekaboo strategy.
That's not a lucky punch and fortunate. It was perfectly timed. It was already anticipated that an opening will happen soon although the question is when. Silva managed to take that opportunity and wasted no time to react, like a usual fighter's instinct. I'm expecting the fight to be a decision but ended up early. The unfortunate one is we didn't see the action of Oscar Dela Hoya because of Covid-19. Hehehe I was only joking and being sarcastic. It has also showed that Tito Ortiz might not have trained very well for the fight. It was only an exhibition match and the result will not be recorded. He only wanted to go in the ring, collect his money and go home to his girlfriend hehehe. Also, it appears Anderson wants more money hehehe. Speaking at the Triller post-fight press conference, Anderson Silva expressed interest in fighting the Paul brothers, as he respects the way they conduct business.
“I respect both. The kids are doing good and working hard to be successful in this entertainment show. And let’s go see. Maybe this is possible too.” Silva said.
Silva then formally offered the Paul brothers the opportunity to fight him and Belfort at a later date.Source https://www.mmanews.com/2021/09/anderson-silva-offers-paul-bros-a-chance-to-fight-him-and-belfort/ |
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I have decided to drop Josh Lambo. He might not have enougn opportunities with Trevor Lawrence only in his first year in the team. Chris Boswell will be the replacement.
I have also made Antonio Brown my flex because of Tom Brady hehe. I want to play Corey Davis instead of AJ Brown. It appears Davis is very good with Zach Wilson. However, the Jets will be against the Patriots and Titans against the Seahawks. Should I do this?
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Also, everyone who blame this on the weak hands are wrong. There are no more weak hands, this is proven by onchain metrics.
I only agree with the part that this recent drop was not because of the weak hands but disagree with the rest. The weak hands are always around, their number dwindles during the downtrends and when price is not going up like what we had for the 3 months before the reversal began. But it never goes down to zero and also as the price was rising recently they are slowly coming back even though majority of them will come back when it is too late and price is sitting above $70k. Besides, weak hands aren't seen onchain to be proven by "by onchain metrics". Everyone is hodling, however, the problem, no one is buying.
You seem to have forgotten that price went up from $28k to $52k over the past 1.5 month which is because "people are buying"! Just because price isn't shooting up 30% per week doesn't mean otherwise. It is the hodlers job to pump this if you want a pump. There are no more greater fools.
Wrong. Market manipulators with a lot of money are the only ones who can "pump" bitcoin and since bitcoin is not a pump and dump, it is extremely hard to pump it. They might presently be buying tokens from the Solana ecosystem hehehe. The tokens continue to pump despite bitcoin’s dump.
Every day (WITHOUT EXCEPTION) there is (there has been and there will be) a bunch of shitcoins that are getting pumped regardless of what is going on with bitcoin or anything else for that matter. And the next day (figuratively speaking) they will get dumped. I can agree on everything you said, however, telling everyone bitcoin is extremely hard to pump is very arguable. Onchain metrics is telling us that bitcoin is in a liquidity shock on the supply side of the spot market which might make it easier for the derivatives market to use leverage to pump the market and cause the spot market to go up together with it. |
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@DooMAD. What do you reckon would be the effect of a crackdown on stablecoins in the cryptospace if successful? Much of the liquidity of the market are presently in stablecoins. I have argued before that it might be a cause of one of the largest liquidity crunches in history that would pop the bubble, however, there were people telling me that I was antagonizing and spreading fud.
They have also argued that it would pump the price of bitcoin because USDT holders would buy bitcoin as an exit from USDT. My answer to that was why would bitcoin holders sell bitcoins for USDT? Their reply was the same, I am an antagonizer hehehe.
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Did anyone watch it? I reckon Anderson Silva was very fortunate he connected a lucky punch on the head of Tito Ortiz. Ortiz was beginning his attack with strong punches and very fast hand speed with similar head movement like Mike Tyson’s peekaboo strategy.
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@DireWolfM14. Okay, I will observe for 2 more weeks before looking for a trade. However, I might rest Najee Harris and I might play Antonio Brown and Corey Davis. They appear to collect more points than ESPN projected because of the performances of Tom Brady and Zach Wilson.
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My wide receivers and running backs on the bench have collected more points than the players who were playing hehe. It also appears that I have made a mistake. I have drafted lower ranked players without superstars the team requires to bring more points.
How much is a good average no. points per week?
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Unsure how this is any different to what they've been saying for the last few years. I recall ages ago they were saying that just about every ICO probably fell into the category of a security and was under their remit. They never acted in time to do anything about any of those. Crypto seemingly moves too fast for them, heh. We'll see if they manage to actually do something this time around.
Agreed, however, it is not to be underestimated similar to China. There were many people in the cryptospace that did not think that the crackdown of Beijing would be true. There is also Janet Yellen from the treasury department who has her attention on stablecoins. It appears she has noticed that there are printers of American dollars without owning a Federal printer hehehhe. The U.S. Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins -- a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings.
Washington policymakers are alarmed at the rapidly expanding cryptocurrency market which exceeded a record $2 trillion in April. As of Friday, the market cap of stablecoins stood at roughly $125 billion, according to industry data site CoinMarketCap. It is unclear which financial regulations apply to these relatively new products.Source https://www.reuters.com/technology/exclusive-us-treasury-financial-industry-discuss-cryptocurrency-stablecoins-2021-09-10/The crackdown on stablecoins if successful will be the big short of the cryptospace. |
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@Ratimov. This might be offtopic, however, how much monthly costs do successful exchanges have compared against their inflow of revenues? Do you reckon exchanges similar to FTX might have very high overhead which might make their token a very good hold during bear markets?
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