Recently, there have been some different views from analysts about the duration of the bull run. Some of them claimed that the Bull run is over and we might be entering another bear market. While others believe that the bull market is not yet over and might last till next year. These arguments are not the reason for this discussion.
Before this bull run, there were diverse predictions about the price Bitcoin would reach. The most popular one was $100k and others also felt it would go above that amount. Bitcoin's ATH stands at $124,290.93.
In your own view, do you think Bitcoin performed below or above your expectations in this bull run?
If we put into account what happened in the past bull markets, where Bitcoin did at least 3x and compare it to its current price from 69k of previous ATH, to current ATH, $124k, I would say that Bitcoin did below my expectation becuase it hasn't done 2x of its previous ATH price of 69k, which should have been at the price of $138k, but have had a fair price growth this bull run A common mistake many investors make is that they rely on the past and use it as a benchmark. Like previous bull seasons, bitcoin has typically increased at least 3x from its previous ATH, so many expect bitcoin to achieve similar growth. Or another common mistake is that many people only look at the price of bitcoin and ignore its market capitalization. And they forget one thing, the larger the capitalization of an asset, the slower its growth rate, and Bitcoin is no exception. Bitcoin's market capitalization is already over $2 trillion. Therefore, we cannot expect an asset with a market capitalization of trillions of dollars to grow exponentially like assets with a market capitalization of only a few hundred billion or a few billion dollars.
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In countries with devaluing local currencies, they can use stable coins that are backed by US dollar to hedge against inflation. This is happening in countries like Argentina and Nigeria. But crypto is also still useful in developed countries like United States because not only fiat backed stable coins are cryptocurrencies.
But the point of the topic is comparing whether developed countries are using adoption more than developing ones. The real purpose of crypto is adoption - investment is only secondary, since price growth comes from demand created by adoption. And so far, it’s the smaller countries that are showing what real adoption looks like, not the ETFs. ETFs are just paper exposure. Real adoption happens on the ground, when people actually use crypto in their daily lives. Although bitcoin adoption in developing countries is growing faster in terms of number of users than in developed countries. But when it comes to the financial market, the main factor that drives an asset’s value up is capital and cash flow, not the number of users. Therefore, developed countries will play a more important role in the development and adoption of bitcoin. The question for you is, what if there is no capital flow from developed countries and pushes the price of bitcoin to thousands or hundreds of thousands of dollars. Do you think developing countries will adopt bitcoin? I don't think they'll need bitcoin if its value doesn't increase to help them cope with inflation or if it doesn't generate enough returns to help them escape poverty. I believe bitcoin adoption there will not grow as fast if bitcoin price does not increase because their goal is profit.
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According to the bookies, Marseille are the favorites to win, even though they will be playing away. The reason why many people are choosing Marseille in the next matchday might stem from the surprising result in matchday #5, we have TBH about that. I personally also think that Marseille will win the next match, the best result Strasbourg can possibly get is a draw, it would be surprise if they could beat Marseille. I have found only one reason to consider Marseille as a favorite. And that is that they have defeated the strongest team in Ligue 1, PSG, in the last match. I cannot find any other reason to call marseille Favourite. Marseillle will play against Strasbourg. Strasbourg cannot be considered a weak team. The team is in fourth place in the Ligue 1 points table. We have seen strasbourg win in four out of 5 matches. From this, it can be assumed that strasbourg is a strong team.  Considering the head-to-head statistics , Strasbourg will be ahead. We have not seen Marseille win a single match in the last 5 matches between these two teams. All four matches have been drawn and strasbourg has won one. I will bet on a draw in the next match as well. Maybe Strasbourg will win or there will be a draw.
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Nice - Roma can be considered as a tight game but If we should look at both team performance in their various league, Roma has done better so far than Nice, Roma has played 4 matches in their league this season, they lost only once and win the remaining 3 that's to say that's tbey 9points clear, they are currently in the 4th position, Nice has won 2 games from the 5matches played, they lost 3 without any draw which I believe we won't say this is a good result from Nice for now, going by this result, Rima stands as a favourite team in this match and I believe that if they push stronger, they might come out victoriously here.
Is it really going to be a tough match? I do not think so. I would not call roma a weak team this season. Their performance has improved. More importantly, Roma's main target is to win the Europa League title. Roma will give their maximum effort on the Europa League platform this season. Nice's performance is weak. The team is currently in 12th place in the Ligue 1 points table. Nice has won two and lost three out of 5 matches. If they perform such an irregular and weak performance against Roma, they have no chance of winning. I am still waiting to see Roma win.
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 India's total after 14 overs is 127/4. India scored 72 runs in the first 6 overs. And they scored 55 runs in the next 8 overs. Now Hardik Pandya and Tilak Varma are at the crease. At the moment, the Indian batsmen are under pressure. After a great start, they have suddenly stumbled. Especially after losing the wicket of Abhishek Sharma, India's batting has become even slower. After 16 overs, India has managed to collect 135 runs for the loss of 5 wickets. In the last 5 overs, India has managed to collect only 23 runs. And lost three wickets. Hardik Pandya is unbeaten on 12 runs from 13 balls and Axar Patel is unbeaten on 4 runs from 6 balls. I expect an aggressive innings from Hardik Pandya. If Pandya also cannot play well, then it will not be possible for India to collect up to 180. Tanzim Sakib and Saif have bowled the most controlled bowling so far. Tanzim Sakib has given only 15 runs in 3 overs. And Saif has given 7 runs in 2 overs. Saifuddin has given the most runs. He has given 33 runs in 2 overs
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This kind of pump and dump is very normal with bitcoins due to it's highly volatile nature so it will not be wise to change your decision about holding bitcoins just by seeing this dump.
Bitcoin is not a pump and dump coins so, don't use that word because the price of bitcoin always recovers and pump higher overtime after a dip. Shitcoins are the ones that are pump and dump, dump and dump because the devs pumped the price to attract new investors and dump the coin when there's a significant profit. Volatility is a norm in bitcoin price and a little dip in price shouldn't cause any panic. Only weak hands will be worried when there's a dip of which bitcoin cannot only be pumping without a dip. Both the dip in price and pump in price is the fun in the market for long term investors. During previous bear seasons, bitcoin often dumped and dropped by 70 to 90%, and often pumped x2-x5 during bull cycles. If this isn't pump and dump, what do we call it? Let's be realistic, Bitcoin despite having matured a lot and becoming one of the largest assets in the world, but ironically, it is still a speculative asset. So being manipulated, pumped and dumped is inevitable, but luckily those are becoming less frequent and less severe than before.
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Just imagine right now that there's a life threatening emergency and the person's bank account has being blocked under this new policy and is yet to have access to pass the face and finger print KYC due to the crowd and daily king queues.
As far as I know, users can do KYC directly on the bank's app, they don't need to go to the counter to do it. You only need the help of a bank employee if you cannot use a smartphone or your smartphone does not support NFC. Furthermore, banks have given customers advance notice from July 1, 2024, which means customers have more than a year to comply with the regulations. Banks would not suddenly or randomly block such a large number of accounts without notice and reason. It seems that many people have never heard of this and have not taken the time to learn about it. You only know the information from this article and only have a one sided view, then quickly draw unfair conclusions about what the bank is doing. Instead of thinking that the owners of these bank accounts will lose money and get into trouble. Why not think that these are the number of accounts used for scams and money laundering, and with the new regulations, they can no longer use those account numbers?
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Espanyol vs Valencia
Espanyol is currently in fourth place in the points table. The team had performed well in every match before facing Real Madrid. Espanyol won three out of four matches. The team suffered its first defeat against Real Madrid.  Valencia cannot be considered a weak team either. Although the team's performance has been erratic, they have won against teams like Athletic Club in the last match. Another important thing is that the last 5 matches between Espanyol and Valencia have been draws. Since both teams are one of the weakest teams in La Liga, a draw was a good result for them. But Espanyol is trying to perform well this season. Espanyol will try their best to win today's home match as well. To be honest, considering the home match, I also considered Espanyol as the favorite. Moreover, in the previous matches we saw better performance from Espanyol. So I bet on Espanyol to win. But we can see Valencia's dominance in the match. Valencia took the lead in the 15th minute with Amaut Danjuma's goal. More importantly, we saw Valencia's dominance only in these 15 minutes. Valencia's players had 85% ball possession in 15 minutes and had 3 shots. Despite it being Espanyol's home match, they are not playing well today. If this continues, I am probably going to lose my money today.
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Inter are back to Winning ways, though it wasn’t easy for them they still have to improve to the Inter we know of but it was a good result nonetheless.
In the first match of the season , we saw Inter Milan win. After that, Inter Milan lost two matches. Inter Milan lost against Udinese and Juventus. But in the match against Sassuolo, Inter Milan players did not make any mistakes. Inter milan won the match 2- 1. Inter Milan will definitely want to win the Serie A title. However, the road to winning the Serie A title is quite difficult. Inter Milan has already fallen behind. Inter Milan is in tenth place in the points table. Juventus is 4 points behind. If napoli can win against Pisa today, they will be 6 points ahead of Inter Milan. It is now even more difficult for Inter Milan to occupy the top spot of the table. If they fail to continue their winning streak , there is no chance of seeing Inter Milan at the top of the table.
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I don't know if its just me or what, everytime I decide its time to put my money on crypto, they fall over 10% just after I have invested.
This happens because you focus too much on the price and set your expectations too high. You want that after buying bitcoin, its price must increase immediately and make a profit. You forget that bitcoin is very volatile and 5-10% price fluctuations are normal. Even though Altcoins are decreasing, Bitcoin has stayed relatively stronger. I don't think we'll reach 108k in bitcoin, if it did, it would be bloodbath for alts. This is also normal, as bitcoin price has not increased much in the past few days while most altcoins have increased significantly. Many altcoins have increased by 50%, x2 or like ASTER have increased by x10 thanks to CZ in the past few days, so it is not too difficult to understand why they are correcting more strongly.
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With Bitcoin having stagnated in August and September, and with today’s significant drop pushing its price down to $112k. I'm not surprised that some people are starting to doubt that bitcoin will hit $150k, even though that was their target before. Because most people invest based on emotions and what they see, they don't look at the big picture of the market, of the economy.
Beyond the news, institutions continue to pour money into bitcoin. We have more important news like the Fed cutting interest rates and there will be two more cuts in October and December, all of which indicate good things are ahead. Why are we so pessimistic and skeptical about bitcoin just because of some short term fluctuations?
$150k is a pretty modest goal and not too difficult to achieve, we should believe in bitcoin.
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America has a large amount of Bitcoin and they will not sell it because they do not lack money.
America does not lack money? You forget that the US public debt has exceeded 37 trillion dollars and of that, internal government debt amounts to 9 trillion dollars. With the huge debt they are facing, if they do not control spending and find ways to reduce the deficit, the world's confidence in the US dollar decline. They will soon face crisis and may collapse. Just because they haven't sold their bitcoins doesn't mean they won't someday. If i remember correctly, in january 2025 the court approved them to sell some bitcoins but because the procedure was quite complicated and after the trump administration took over the plan was postponed. This also means that if the next administration doesn't support bitcoin, they can sell those bitcoins whenever they want. https://www.heise.de/en/news/Court-US-government-may-sell-69-370-Bitcoin-worth-billions-10233703.html
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Dani Olmo's assist was the best part of the game for me. He was able to dictate that Ferran Torres has positioned himself and he had to give that pass with his back leg. I was also skeptical when Hansi Flick brought in Marcus Rashford and how he would arrange these players. But it is becoming clear that the coach knows exactly what he is doing. Getafe couldn't match the quality of the La Liga champions
Dani Olmo is a great player. And Olmo has been showing his potential this season . We have seen a goal and an assist from Olmo in this match. Dani Olmo's performance is gradually improving. Hansi Flick wants to do well in both La liga and Champions League. So in every match we can see different starting XI for Barcelona. In the previous match against Newcastle, we did not see Dani Olmo in the starting XI. Olmo came on as a substitute for Rashford in the 82nd minute of the match. But Olmo was in the starting XI in the Laliga match. Barcelona is still 2 points behind Madrid in La Liga. I am waiting for El Classico. If Barcelona can beat madrid, they will be able to regain the top spot in the table.
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You don't have to worry about them. They are always like this, and we are used to seeing this type of situation in cricket. By the way, are you even from Bangladesh? If not, I don't think you should care much about them since you won't understand the feelings of Bangladeshi fans. Sri Lanka actually helped themself by beating Afghanistan and helped Bangladesh to qualify for the super fours, now Bangladesh defeated Sri Lanka in the super fours match. Bangladesh has been beating Sri Lanka in Major tournaments for a while now. The rivalry is increasing day by day. I hope Sri Lanka will be able to win some matches.
But we considered Sri Lanka as the favorite in the match. But Bangladesh performed well. Sri Lanka gave a target of 169 runs. It was definitely a big target. But Bangladeshi batsmen batted unexpectedly well. We saw a great start from opener Saif. Even after losing the first wicket for 1 run, Saif batted brilliantly. He scored 61 runs in 45 balls. Towhid Hridoy played another important innings. Hridoy scored 58 runs in 37 balls. Even then, winning the match was not easy. Bangladesh needed 10 runs to win in the last over. Bangladesh played well, and at the same time, the team was lucky. Bangladesh will play against India in the next match. I am sure that Bangladesh will lose this match by a big margin.
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 Manchester City took a 1-0 lead in just 9 minutes. Haaland scored the first goal of the match. This is Arsenal's home match. The interesting thing is that Arsenal's players have not been able to take a single shot so far. We definitely do not expect such a gameplay from Arsenal in a home match. Moreover, Arsenal have conceded a goal in just 9 minutes. If they still play defensively, Arsenal will definitely lose this match. Manchester City is in pretty good form after the international break. City also defeated Napoli in the Champions League. It seems that City has a high chance of winning against Arsenal in today's match.
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A small correction: Mallorca is the host in this match. You're right Mallorca chances of winning are no more than 17%, very low, and considering the formation they're using, their target is a draw. Okay, the match is currently underway and as far as I can see, Atletico Madrid is still struggling to break down Mallorca solid defense. If Simeone doesn't make any changes in the second half, the result will be a draw and this is a win for Mallorca.
Atletico Madrid should definitely win this match. The opponent Mallorca is not a very strong team. But even then, in the first half, we did not see a good performance from Atletico Madrid players. Atletico Madrid players had 71% ball possession but only made 5 shots in the first half. Mallorca is trying to draw the match by playing defensively. If Atletico Madrid does not increase their attack speed, they will not be able to break Mallorca's defense. If Atletico Madrid does not change their match strategy in the second half, they will not be able to win this match.
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It can happen long term, but not short term. I don't know if solana also have a coin burn that happens like that of BNB in order to reduce the circulating supply but if they do then it's most likely they could reach there in the future. If they don't then it will be another Litecoin, NEO or XMR of sorts
What is helping them mostly is that the network become widely used to create memecoins
SOL also has coin burning function but they use different burning mechanism than BNB. They burn coins using a mechanism that utilizes 50% of the base fee for each transaction on the network, and this mechanism has been implemented since 2020. While this burn mechanism will not create a supply shortage as quickly as BNB, over 11 million SOL have been burned to date and the burn process is still ongoing. So in the long run, if Sol maintains the momentum of the network and can provide more applications and use cases. SOL can reach $1,000 or more, and it all depends on its usefulness, use case, real world application. Because supply is only a secondary factor, not the primary factor.
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Agreed, given its volatile nature, bitcoin is still not a good choice for holding, let alone a perfect choice for a primary reserve. Assets that are highly volatile and often sell off in times of economic turmoil are not suitable for holding as reserves but are more suitable for speculation. That could also be why small and medium-sized companies and organizations are rushing to add bitcoin to their treasuries. But so far, no central bank has shown any intention or consideration of adding bitcoin to its national reserves. That's too risky and could seriously damage the economy if a recession hits and bitcoin prices plummet.
You trying to explain to the Bitcoin community that Bitcoin is not suitable for primary reserve is very wrong and should not be embraced. So what will be your advise to the government buying and holding Bitcoin as strategic reserve? They should stop because the price is volatile? I want to make you understand that any financial decision to invest in the financial market must be on instruments that are volatile. No one would want to put their money on projects or stocks that are stagnant without having a volatile movement. Do you know why majority of the big firms are investing in Gold, Bitcoin and other volatile market? Because the market is very volatile and it's something they can make quick money from over some periods of time. Volatile market brings quick investors and can make you profitable without much time. As Alone055 said, bitcoin is a good choice for investment but not necessarily a good choice for reserve. And we are talking about using bitcoin as a primary reserve, we are not talking about investing in bitcoin. I think you need to learn about the concept of what reserves are, their roles and responsibilities, as well as the difference between reserves and investments. They are not the same, and not only you but many investors are also confused and think they are 1.
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Manchester United played very well and had a great chance to win this match, as Chelsea were reduced to 10 men in the fifth minute after Robert Sanchez was sent off for a foul. Manchester United should have capitalized on this opportunity to win the match. And if Amorim couldn't capitalize on this opportunity, it would have been a major disaster and certainly threatened him, and I hope Manchester United can win this match.
Chelsea will not win today's match. We all considered Chelsea as the favorite. Because in the past matches of the Premier League we have seen better performance than Chelsea. The team won three out of four matches. But today they are going to lose.  Manchester United got a 2-0 lead in the 37th minute of the match. The first goal was scored by Bruno . And in the 37th minute, Casemiro scored from Maguire's pass. Chelsea are now playing with 10 players. Their performance is very weak. I have not seen a single strong attack by Chelsea players in 40 minutes. The first half is probably going to end 2-0. If Manchester United's defenders do not make any big mistakes in the second half, United will get 3 points in this match.
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I consider Bangladesh to be the weakest team in the Super 4. Still , this team has the potential to perform well. They are lagging behind due to the erratic performance of the batsmen. Bangladesh lost by a big margin in the group stage match against Sri Lanka. Bangladesh was able to give a target of 140 runs. Sri Lanka reached the target of victory in 15 overs, losing only 4 wickets. Anyway, the match was held in Abu Dhabi. Today's match will be held in Dubai. I am waiting to see if the bangladeshi batsmen are able to do well.
 Bangladesh will win the toss and have decided to field. I would say this is a good decision. Because in the previous match against Sri Lanka, Bangladesh could not do well by batting first. The pitch was not bowling friendly. Even then, Bangladesh had only scored 139 runs. So today, Bangladesh has decided to field. If bangladeshi bowlers can do well, Sri Lanka may not be able to score big. This pitch in Dubai is not batting friendly. Bowlers get a good advantage on this pitch. So if Bangladesh bats at the target, they have a small chance of winning. Although Sri lanka is considered the favorite in the match
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