I apologize for the delay in this week's payment. yahoo62278 gave me the payment sheet on Monday and somehow I missed the message, so it's entirely my fault. To ensure that nobody is off worse because of the price of Bitcoin changing in the meantime the payment is slightly larger than usual this week.
The bonus was not necessary, however, thank you devans! |
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The director of Nomadland is a Chinese born woman from Beijing. The skeptical me is thinking that the Chinese communist party can manipulate the results and have the movie win all major nominations as a manifestation of their global power and their arrival. China has been manipulating Hollywood already. The best picture, the best adapted screenplay and the best actress will be won by Nomadland. https://www.heritage.org/asia/heritage-explains/how-china-taking-control-hollywoodI think the problem of identifying people and directors, where they are from etc, has become bigger in the film industry. Why should it matter if the guy is even a criminal or a saint? We're supposed to be judging their film quality, not who they are and where they come from, right? Of course, judges are not impartial so we will be seeing "karma" votes where ppl will vote for people they believe have not been getting fair attention in the past. I was only telling everyone that there is more behind the Oscar awards than judging the winners for their film quality and quality of acting. There now is politics and the manipulation of what the world’s sentiment should be. I reckon if George Floyd was killed and the black lives matter movement begun today, all major awards will be won by a black director, actor, actress and producer for any movie about black oppression. |
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@mk4. I am very skeptical that his fund would be longterm holding bitcoin, however, the fund can certainly buy and pump bitcoin or bitcoin futures during a bull market and dump them during a bear market similar to many traders. @Kittygalore. They might be presently long but also ready to short sell also. Soros did not say anything good about bitcoin according to this article. "Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," Soros said.
"Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can't be used for instance to pay wages because wages drop by 25% in a day. It's a speculation. Based on a misunderstanding."Source https://markets.businessinsider.com/news/stocks/george-soros-predictions-and-how-they-turned-out-2019-5-1028219179 |
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@Lucius. I said the government cannot confiscate cryptocoins that is not under the custody of a centralized institution. I reckon we agree unless I misunderstood you hehehe.
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@cr1776. I reckon because of its monetary policy, it is very arguable if bitcoin's price in fiat will stabilize eventually. It might also be arguable if the elite will only hodl and not be pumping and dumping bitcoin to profit from its famous volatility.
However, yes, let us wait for another 20 years and witness what happens hehe.
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I don't fear Soros any more than I fear Central Banks. If the Fed or the ECB haven't taken down bitcoin, it's because they couldn't, and Soros won't be able to either. It is another thing if he tries, which he doesn't have to, but every day that passes it is more difficult for someone to try to kill the Bitcoin because it is becoming more and more expensive.
This is only because you do not hold billions of dollars of your company’s treasury reserve in bitcoin and have made loans of hundreds of millions more to buy bitcoin similar to Michael Saylor hehehe. In any case, should we trust what Dawn Fitzpatrick is telling us or should we be skeptical on their interest in bitcoin? @Kittygalore. However, what is she hiding? |
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This might be good news for everyone, however, before we larp about this I will also include news articles about 3 of George Soros’ greatest and best investments. You might not be happy. Am I too much of a skeptic or should we trust what Dawn Fitzpatrick is telling us in this interview?  George Soros making cute face for camera[Fitzpatrick] When it comes to crypto generally, we're at a really important moment in time, in that, something like bitcoin might've stayed a fringe asset, but for the fact, over the last 12 months, we've increased money supply in the US by over 25%. So there's a real fear of debasing of fiat currencies. And when you think about bitcoin, I don't think it's a currency, I think it's a commodity, but it's a commodity that's easily store-able, it's easily transferable, the IRS classifies it as a physical asset, it has a finite amount of supply, and that supply halves every 4 years. So I think it's interesting. And I think by the way, when you look at gold price action, in the context of a fairly robust inflation narrative of late, it's struggled getting traction and I think that's because bitcoin is taking some of its buyer base away.
[Bloomberg]: Do you own any bitcoin?
[Fitzpatrick] {pause} {laughs} I'm not gonna answer that.
[Bloomberg] That is what I would call a mysterious response.
[Fitzpatrick] But I will say, the one thing also, when you think about bitcoin... Central bank digital currencies are going to be here, I think quicker than people expect. China's been running their trial for a while now, and I think there are some strategic reasons why they're going to be a first mover. And I do think, from a geo-political perspective, they want that digital currency to be used around the world and it is a potential threat to bitcoin and other cryptocurrencies.
[Bloomberg] I was just going to say, does that legitimize bitcoin, or does that delegitimize bitcoin?
[Fitzpatrick] So I think it is a real threat, but I think it will be temporary. I don't think they'll be successful in permanently destabilizing bitcoin.Source https://www.casebitcoin.com/story/soros-fund-management-cio-hints-at-bitcoin-ownershipHere's how George Soros broke the Bank of Thailand
According to sources who had knowledge of the Quantum Fund’s positioning at the time, Soros bet just under $1 billion of his total war chest of $12 billion against the baht.Source https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9How George Soros Broke The British Pound
What did these people do to make so much money? They bet on the inevitable. They bet that the pound and the other weaker European currencies were overpriced against the deutsche mark. They bet that the politicians and the central banks could not much longer maintain artificially high exchange rates in the interests of European unity.Source https://www.forbes.com/sites/steveschaefer/2015/07/07/forbes-flashback-george-soros-british-pound-euro-ecb/?sh=7de3ca1a6131 George Soros 'makes $1.2bn betting against yen'
George Soros, the hedge fund billionaire known as "the man who broke the Bank of England" for his $10bn (£6.4bn) bet against the value of the pound in 1992, has reportedly made more than $1.2bn betting against the yen.Source https://www.theguardian.com/business/2013/feb/15/george-soros-bet-against-yen |
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The government cannot confiscate if it does not know for certain who the owner is or if it is not under the custody of a centralized institution. Bitcoin addresses are not bank accounts where it can be frozen through a court order. However, the government can attack the VASP. Virtual Asset Service Providers, this is their term hehehehe.
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That is life, we have to adapt and accept some things we simply do not like or understand but we get on with it. @JollyGood. The statement is not very reassuring. However, it appears eyes cannot simply be closed or heads cannot simply be dug under the sands to remove the problem. I hope you are correct and this issue will only be a waste of time without causing problems, however. In a move to save the Proof of Work model of Blockchain, as well as Ethereum Miners globally, noted Canadian Blockchain technology lawyer, Gregory Prekupec, has pledged support to the Ethereum Genesys Foundation and Ethermine pool, to oppose EIP1559. An avid supporter of Ethereum 2.0, Gregory was instrumental in ETH 2.0 achieving its threshold. In light of these developments, Gregory has now switched sides to Ethereum Genesys to support the Ethereum Proof of Work Blockchain Maple Fork.Source https://finance.yahoo.com/news/ethereum-miners-unite-showofforce-collaboration-173500717.html@Mrpumperitis. I know about SBF, FTX and SOL. They have taken over Arthur Hayes and Bitmex’s realm, however, Binance is still no.1. |
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I used to be very excited about the Oscars with my family watching almost everything and then making predictions of the winners in every nomination since I was a kid. However, I really think that over the last few years TV shows progressed and became way deeper than they used to be, whereas movies are becoming increasingly more disappointing. And sure, there are always some good ones, but the Academy seems to have stopped noticing them. For instance, I loved Tenet and was sure that it would get a bunch of nominations (including the one for Best Picture), but it only got two minor ones. And I've watched Nomadland which is not a bad movie, but it's not great either, and I think it's a little sad that it's most likely to get the Best Picture award. I also don't get why Borat has such high odds on the Best Adapted Screenplay, as it's a very decent movie that IMO deserves this win. It looks dumb and the style is certainly not for everyone, but it's deeper than it looks, unmasking the problems of right-wing populism, COVID skepticism, and treatment of women. I guess I'll place some money on it, just in case  And Frances Mcdormand played nicely in Nomadland, so I think I'll bet on her for the Best Actress award as well. However, she does already have two of these, so maybe she's indeed not very likely to win another one. The director of Nomadland is a Chinese born woman from Beijing. The skeptical me is thinking that the Chinese communist party can manipulate the results and have the movie win all major nominations as a manifestation of their global power and their arrival. China has been manipulating Hollywood already. The best picture, the best adapted screenplay and the best actress will be won by Nomadland. https://www.heritage.org/asia/heritage-explains/how-china-taking-control-hollywood |
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It cannot be a guarantee because much of the trading that was done on bitcoin is with leverage. The dump might be caused by leveraged traders who are closing their trades and profit taking. Your chart also can be an argument that bitcoin has become very illiquid and can be manipulated easily.
That's what I thought initially thinking of all these headlines. Reserves could be tied to much larger volume of trade (in fact I always wondered, if I'm trading $10 at 10x leverage, is my volume calculated at $100?). And definitely when people say profit taking it's scalpers all the time who swipe 1% profit at leverage, which makes it simple to see why we need many attempts to overcome a barrier like say now at $60k. There is also the argument that the exchanges have fractionalized and use the printed bitcoin in their ledgers to trade back and forth in its orderbooks. This might be accused of another fud from me, however hehehe. |
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@Mrpumperitis. There is also Binance's smart chain which appears to be in a beginning of a longterm pump to replace Ethereum from being 2nd in coinmarketcap.com.
Binance also has the marketing dollars.
@JollyGood. The statement is not very reassuring.
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@Saint-loup. What will be so new about it? CBDCs will be similar to online payment apps and services and credit cards. It will offer nothing new. What it will offer is censorship, surveillance and more oppression. Paper money is more censorship resistant and anonymous.
@cr1776. I have heard this mentioned by Tone Vays during 2016. The volatility went from hundreds to thousands however.
@uneng. It is not quite simple if the item you want to purchase is $10 and volatility of the currency is more than the price of the item.
Online payment services don't use blockchains, they don't allow you to hold your funds off-line, they can lock your funds, seize them and doing exit scams like exchanges. If you only hold your funds on exchanges I understand you won't find big differences with online payment services, but if you are using non custodial wallets, you will enjoy the blockchain technology. The blockchain hehehe. I reckon all legendaries should have learned what blockchains are and where they should matter. If your blockchain is a centralized ledger that can censor you, what use is this blockchain? Also, this blockchain will be centralized. The custody over your tokens will not matter. @Saint-loup. What will be so new about it? CBDCs will be similar to online payment apps and services and credit cards. It will offer nothing new. What it will offer is censorship, surveillance and more oppression. Paper money is more censorship resistant and anonymous.
@cr1776. I have heard this mentioned by Tone Vays during 2016. The volatility went from hundreds to thousands however.
@uneng. It is not quite simple if the item you want to purchase is $10 and volatility of the currency is more than the price of the item.
True, we aren’t there yet though. Another order of magnitude or two, eg 10 to 100 times, of growth from here will help stability. Of course the stability by then might still have 10s of thousands of dollars in volatility, but as a percentage, it will likely be less. Time will tell. 😀 10s of thousands of volatilty will make it worse and useless except for speculation. |
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@Sithara007. Agreed. Bitcoin would be very successful if your measurement of success is the pump on the price. However, would everyone consider it a success if it becomes the elite's playground or something reduced only as a speculative investment?
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Miners will mine anything as long as they make money. I think that is a rule for them because they want to make money and they will follow the money. If there are forks and there is money to be made then it will not be a problem for miners  Hello Ethereum hodlers and followers hehe. I want to ask what the miners’ sentiments are on the Ethereum development team’s roadmap to upgrade to ETH 2.0. I speculate of course that it would clearly be negative, however, I might be wrong.
What are your speculations after the hard fork? Would miners continue to mine the original Ethereum.
This does not bring good news to Vitalik and the development team of ETH 2.0. If traders continue to support the original ETH and it is still very profitable to mine it, what would be the use of ETH 2.0? Also, remember that none of the projects developed on Ethereum and other smart contract platforms are used in reality. |
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What are your thoughts on the Bitcoin reserves of exchanges? Can this guarantee an indicator for Bitcoin price action?
It cannot be a guarantee because much of the trading that was done on bitcoin is with leverage. The dump might be caused by leveraged traders who are closing their trades and profit taking. Your chart also can be an argument that bitcoin has become very illiquid and can be manipulated easily. |
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Elizabeth Warren and Janet Yellen.. what a great combination. Two of the most incompetent and corrupt politicians in the United States. Obviously for the left-wing nuts none of that matters and they elect Warren again and again from the socialist stronghold of Massachusetts. The walking fossil Janet Yellen is not electable even from left-wing strongholds such as MA, so she has never fought a single election in her entire career.
All of them are incompetent. The politicians that are not incompetent are corrupt and are only very competent in exploitation and corruption hehehe. However, their incompetence will not stop their crackdown on bitcoin. They do this not because they dislike bitcoin. They do this because bitcoin is the low hanging fruit for congress to fund a huge budget for their campaign against terrorism. |
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Will Bill Belicheck’s new players improve the team if Cam Newton is the quarterback? I am skeptical. Also, who would trade for Deshaun Watson with 14 lawsuits? He is trapped with the Texans and he will be very thankful for playing for the Texans. He might also retire a Texan hehehehe. The numbers keep increasing for Deshaun Watson, as his camp remains silent.
Lawyer Tony Buzbee told FOX 26 in Houston on Monday night that the total number of assault lawsuits against the Texans quarterback has reached 14, with 24 total claims now under consideration by Buzbee’s firm.Source https://profootballtalk.nbcsports.com/2021/03/23/deshaun-watson-lawsuits-up-to-14-with-24-accusers/ |
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Why are there many people in the forum always suggest XRP? There is a lawsuit against Ripple and its founders for sales of illegal securities. It is also centralized. I reckon the best altcoins for new sportsbooks to begin accepting are Litecoin, Monero and Dogecoin.
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@notblox1. Agreed. There are 2 fighters who have cancelled their fights already because of the coronavirus. They are Alexander Volkanovski and Shane Young who are in the same team. I speculate Jaime Mullarky who is another teammate also might cancel.
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