Bitcoin is a speculative asset.  It doesn't react to news or what fiat is doing.  Investors saw a bad report and took profits.  That's all there is to it.  Over a long enough period of time Bitcoin will outperform fiat due to inflation, but it's not going to be inversely correlated with every quarterly report.  When risky assets become back in favor Bitcoin will do what it does, but in bad times you must remember it is first and foremost a speculative asset (at least for now). 

That's not totally true.  If you look at what Bitcoin Gold did (I believe that's the fork that did it) they actually reorganized the forked chain to unlock satoshi's coins for their dev team.  This was also Craig Wright's plan for satoshi's coins on the BSV chain.  He believed if he could convince the world he was satoshi, he could order miners to go along with a new fork where satoshi's coins had been given to him.  Sure, this is insane and nobody would support a reorg or a forked Bitcoin chain to move coins around, but it is definitely possible.  Maybe someday in a distant future people will decide to fork BTC to unlock satoshi's coins for some good cause.  I could see this happening before increasing the amount from 21 million to further block rewards.

A nice sized volume sell off for the market has me feeling a little more bullish than I was yesterday.  It's so predictable to watch all the leveraged longs pile in as soon as we start headed up, only to be liquidated shortly after.  There really are no shortcuts.  No matter how low the price is and how bullish the landscape looks, don't get greedy and start leverage trading.  It's not worth it.  You will lose your money.

As we approach the Ethereum merge (approximately 27 hours away) I'm curious what the community thinks the price will do.  Do you think the merge will cause a lot of selling as people look to book profits, or will people buy up all they can to enjoy the higher staking %?  Who knows what will happen.  Maybe this community?

Be sure to vote which way you think it will go, even if you're not sure. 

Me I guess.  I'm fully expecting the market to continue dropping for a few months, but I'm not worried about it or rushing to sell what crypto I have.  This is because I also expect it to rise to new highs once the dust settles.  I plan to use the next year of low prices as an opportunity to stack sats and wait for the right time to do something great.  I think the only real concern holders should have is surviving until the next moon shot.

I just noticed this feature has been added to the forum. Very cool addition. Seems like it’s been a while since anything has been implemented so it’s nice to know things are still being worked on. I don’t see any downside to this addition so it seems like a great decision to add it. Nice to see new things around here.

It was a cool moment in the press conference for this fight when Anderson Silva, Jake Paul, & Logan Paul recreated a picture they took 13 years ago when the Paul brothers were just kids happy to meet Silva. Google it if you haven’t seen the side by side images. It’s pretty cool that they did that. Anderson Silva seems like a really great guy. I hope the fight goes well for him.

Polygon (MATIC) is one of my favorite altcoins.  I think the road to $20 will be a long hard one though.  Mostly because the amount of big investors that are up massive amounts on their investment and will no doubt sell on the way up to cash profits.  Not to mention the various staking schemes that are dumping tons of fresh coins on the market as these same investors look to profit while holding onto their original coins.  I suspect it will be difficult to break the $5 barrier, but more importantly I think it will enable a lot of low cost transactions to help speed up adoption in the metaverse.

I'm amazed that there are still people pushing this Ripple scam.  Surely nobody around when it was launched or has any knowledge of the events that unfolded would touch this garbage.  It's literally the biggest shitcoin in existence.  If you don't know about the history of Ripple/XRP and are considering holding any of this crap, take it from a old timer around here, you're better off doing literally anything else with your money.  Run screaming from Ripple/XRP.

I didn't sign it because I think it would be pretty crazy if global decisions like this were made with petitions.  Not to mention that kicking Russia from the UN would seemingly escalate the issue even more.  I know it sounds crazy, but maybe peace is the answer?  Maybe government should come clean about their intentions and let people vote the warmongers out of government.  If Russia seems like it's the only problem here, I would offer the idea that maybe we don't have the entire story.

I think we've reached the point in society where the oversight of companies is so compromised that they're literally being allowed to sell us toxic poison under the guise of food.  The problem with microplastics in our processed food has gotten so out of control that cancer is a common thing for us all.  I think if people knew what was in their food, or what was being fed to their food, it would not only cause outrage, but maybe would lead to actual change.  The problem is that schools will never teach this and people who learn disturbing facts on their own are considered conspiracy theorists as a result.

If you counted actual feedback that had real money behind it, you might find that some of the folks with the largest trust networks around here are just people who throw opinions around and have no actual real world physical interactions with other users whatsoever.  Weighting real feedback from actual interactions over arm chair opinions would cause quite a stir for some folks at the top of the trust network around here.  Suddenly people would realize there are 2 very different types of users here.

I think there's a good chance he ends up in Utah.  They have a pretty weak team now and are in full rebuild mode.  The Lakers will package 1st round picks with Russell Westbrook to get rid of his contract.  The Jazz could use a ball hog scorer like Russ who can carry a team to a few wins by himself while they rebuilt.  I feel like this is going to happen because it's the only trade that makes sense for both sides.  With training camp starting soon, I suspect we'll have some movement on this front.

I would have to say that I don't believe the bear market is over.  However, the institutional buying has started.  Likely we'll see sideways trading for a while then a spike downward with a ton of volume.  I think that will be the time when I'll get excited about buying again.  I still feel like we're going to see a new bottom on this cycle before it's all over, but I do feel like that time is approaching rapidly.  Regardless of what happens, I'm fairly certain those who dollar cost average in here and stick with it for the next 2-3 years are going to be rewarded.

I still have some silver binary rounds left but I did remove them from the NastyShop due to stock getting low and the length of time it takes to have items removed from the shop.  I learned my lesson after the gold binary incident where too many people ordered and I didn't have enough stock to fill them all. 

Feel free to drop me a PM if you are interested in buying any.

You can see the binary threads here and the stock is up to date:
Bitcoin: https://bitcointalk.org/index.php?topic=1637562.0
Litecoin: https://bitcointalk.org/index.php?topic=4425160.0

There are around 85 1oz minted seat rounds left I believe (quick check).

Congrats I guess.  It was a great fight and I was glad to see Nate Diaz win.  He deserved it after all the drama with his contract and a new last minute opponent.  I'm not sure you should be advertising your ban evasion from the site and I'm pretty sure you were banned for not placing bets in the first place so it's nice to see you're actually using the site for something other than a proxy to move crypto from one wallet to another. 

What a great fight between a couple of UFC veterans.  I was really happy for Nate Diaz and seeing him end his career in a flexing pose while his opponent submitted is about as good of a way to end it as I've seen in professional fighting.  I look forward to seeing him get his payday by being the next Jake Paul opponent and was glad to see the kid from Stockton go out on top.  I had to put my money on the Chimaev fight, but for those who went with Nate... Congrats!

That took all of 2 minutes.  An easy win for some easy winnings...  Lame that Chimaev had such an easy fight.  I think things would have been different with Nate.  I usually don't bet fight events, but that Chimaev opponent even came out and said he had no wrestling skills whatsoever and was just there for a paycheck.  I think that's probably the easiest gambling win I've ever had.  Those two should have never been in the ring together and it's a shame that Chimaev was rewarded with an easier opponent for missing weight.

I think it's also a bit of a right of passage to mine with the minimal equipment possible.  Before you even go open frame vs enclosed case, try this...  Buy the parts to make a PC without a case or frame...  Build the PC and hang the GPUs from something (I used to use a dish drying rack).  Then you can see that a case isn't even necessary to mine with.  I used to even run a massive liquid cooled setup with several GPUs tied together in a loop from different PCs back in the day.  My office looked like a science experiment.  It was pretty awesome.

If you've never slapped together a PC without a frame and used twisty ties to hang GPUs from dish drying racks, are you even a crypto miner?

I've got the complete set of silvers...  I had hoped to sell my brass coins before breaking the set up though.  However, money is a loud talker and I'm always looking to score more BTC.  If you want to make me an offer I can't refuse via PM, I'd be open to hearing it.  I'd consider me a last resort though.  There are no doubt people who are less attached to their collection and willing to accept lower offers.