🏦Banks have a serious problem🏦

Why hold deposits in a bank and receive 0.48% on your money when a money market mutual fund pays 4.45%?

On the hunt for yield, deposits are leaving and forcing  banks to sell assets at a loss to provide liquidity.

If the Fed hikes rates tomorrow, the issue only gets worse.

Unlike the Fed, the monetary policy of #Bitcoin    is 100% predictable.



https://twitter.com/BitcoinNewsCom/status/1638308960355643392?t=9YVHHBgwMy8DONEvJcDjow&s=19

Or he could just quit. There's almost zero chance that vaping is beneficial to one's health, so why even bother testing how harmful it is.
Plus, vapers are in the top 3 of most insufferable people, right after cyclists and vegans. Don't be one of them.

A very very very
Off topic thing…..

I do not smoke….. I do sport (CrossFit a lot), but I also like my fine dinner and parties from time to time…. Some in here will know…
Now this party thing goes accompanied by things not always good for health but I’m aware of those….
Question what I don’t know …………. I did some “vape” use on the Parties which evolved to using vape’s in normal weeks as well…. Is this damaging or not “grey area” imo ….
Who can tell me something more about if vapes are bad or not (could easily quit them)

I would agree with +0.25% if if wasn’t for the bank debacle unraveling…
Get your popcorn… things are gonna get nuts whatever happens imo

Seems to be resistance at $28,4xx

The FED releases CPI tomorrow, they might have to pause rate hikes due to the mess the banking system is in. If they pause or increase rates by 25 bps, I expect us to break $29,000 and who knows, maybe break $30,000 for the first time in what feels like forever. If they increase by 50 bps or more we might dump, stocks would tank too.

Obviously long term meh, who cares, the $ is trending to 0 & bitcoin is the future but short term we like to pump so hoping for a good day tomorrow.

But, this also must include the fact that available gear stays idle or you bust continuously the power of your farm. Of course, yours it's just an example and it doesn't mean they are doing the same numbers but
- in scenario A you have  10,20,20, so you must raise double the hash power every 1 and a half months to keep the game going
- in scenario B you have  10,(10-20), and (20-5), so you both raise the hash power and also idle 18% of it for the other month.

Of course, if you have a ton of unsold gear just waiting in the warehouse and which you could sell as new for just 10% discount after you trash it for a few months it's not a problem, but what if you don't and you have way cheaper power that was already paid in? I find the scenario a bit unbelievable, even though one might see a really fishy pattern in the block time in the first days of the adjustment.

Meanwhile


Still more hashrate added than Riot has in total or what Mara is planning to deploy till the end of Q1, and that in just two weeks.
Weird that I don't see Bitmain asking already $10k for their XP, still on sale for $5k.

https://www.bitrawr.com/difficulty-estimator

Latest Block:   781828  (a few seconds ago)

Current Pace:   105.3064%  (1637 / 1554.51 expected, 82.49 ahead)

Previous Difficulty:   43053844193928.45                            
Current Difficulty:   43551722213590.37                            
Next Difficulty:   between 45789422052947 and 45875780372920
Next Difficulty Change:   between +5.1380% and +5.3363%
Previous Retarget:   March 10, 2023 at 4:43 PM  (+1.1564%)
Next Retarget (earliest):   Friday at 12:47 AM  (in 2d 11h 59m 1s)
Next Retarget (latest):   Friday at 1:23 AM  (in 2d 12h 34m 55s)
Projected Epoch Length:   between 13d 7h 4m 8s and 13d 7h 40m 2s
Copy stats to clipboard

Every hear of a drought?

You can only live so long without water and then you have to ship everything in.

Thats what happens when you allow special interests use your precious resources when they are not being renewed.

Even with all the flooding and snow cap building they are still in drought conditions.

That's how big a hole they dug for themselfs.

Literally Arizona is trying to ship in water from the colorado river to support new industrys that should never have been built in a desert to begin with.

The retarded decisions I see on a daily basis make me not give a flying fuck about anything or anyone any more.

Humankind is digging its own grave and I for one have given up giving a shit about it.

Found this image on Reddit, this really shows the thoughts of people who buy it when price has reached its at that moment highest potential.

I am starting to lose hope that banks will collapse. Even if when fiat goes belly up, There will always be sheeple who need others to take responsibility for holding their money.



"For some reason those people think that if they lose their money, it's over. But if someone else loses all their money, they will pay them back someday, because they are "obligated". "

Twenty-eight thousand.
Double that and we're in range
Of helicopters.

What happened to buddy? Wheres the hourly post? Buddy? BUDDY!?  *hyperventilating*

This what I always thought, on the other hand, some people claim that this could be the case, something like what NFW mentioned and phill further explained it, and this patterns seem to be consistently repeating which is why I became interested in them, of course, we can always assume that it is just luck making average block time shorter in the first half/third of the epoch, but if it keeps happening on every epoch, the luck theory starts to lose it's weight against the former.

I believe that it is NOT very likely that we would be going up that fast.. but surely, you never really know.

Personally, I have my thoughts that it would be difficult to just go into "no man's land" without having some kind of a correction first, and I expect that "no man's land" is currently somewhere in the $55k to $92k price territory.. and sure perhaps the starting point for no man's territory could be a bit higher than $55k  - yet my point is that it seems that there are pretty decent odds for some kind of a decently and meaningful and perhaps somewhat time-consuming correction prior to getting into noman's land.

I hate for you not to be prepared.. and to be fucking around with various non-btc thingie-ma-jiggies... .. .. and yeah, of course, you have your reasons....

On the other hand, it may well be possible that we are just describing our various numbers including what is needed to be "prepared" differently, because if you have an investment portfolio that has a decent quantity in BTC.. even in the supra 25% levels (and you had already asserted that your BTC constitutes more than 60%, and I surely have my doubts given some of the other nonsense that you had been spouting), but whatever, various portfolio distributions (allocations) that are in the 25% plus territory should be sufficiently good for BTC prices to go up.. why does anyone need to have more?

On a personal level, I did suggest that my own BTC allocation is also more than 60% in BTC, which I had already admitted and outlined in the historical changes in allocations chart at the bottom of my June 2022 post, and surely each of us would be determining the extent to which we might be prepared for various changes in asset valuations (including the valuation of dee cornz compared with other assets that we might hold) based on aspects of our own history in terms of how we might have gotten to any allocation that we are "playing" and perhaps how much we might be tweaking around our various assets held in our investment portfolio rather than mostly just taking some positions and mostly just letting our positions and our approaches ride (perhaps within some kind of a systematic way of dealing with relative changes in values that might happen from time to time.. if we believe that the relative changes in values need to be addressed by some kind of change in our practices in some kind of an action-oriented way?  which I tend to limit the amount of my involvement.. but hey?  maybe I am doing this wrong?  hahahahaha).

I think;

The BEST Quality miners ever made = Spondoolies...