I don't know, but what if it's a local economic phenomenon and not a global recession? I expected a recession in 2020-2021, but that didn't happen. 2022 was very challenging, primarily because of Russia's invasion of Ukraine and the sanctions that followed it, but even that wasn't a recession. Then I feel like 2023 was a year of recovery, and according to the World Economic Forum, the risk of global recession in 2024 is lower (than it was in the years before, I suppose). Or it was all just again just fear induced by the media? Quoting gentlemand as this will never get old: Same goes for Zerohedge, the site that predicted 200 of the last 2 recessions.
By definition the US is already in a recession for many many months
By what definition? Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023, according to the "advance" estimate. In the third quarter, real GDP increased 4.9 percent. The US economy is growing and outpacing eveything else by the $ that those percentages represent, the US economy basically added South Korea as a state growing by 1.6 trillion! |
|
|
|
I still stand with my original line of that there is not such thing as a legitimate cloud mining operation. Maybe I would add the word profitable in that too.
Sorry but that wouldn't work either, you would need to add always profitable to exclude all services. Bitdeer was quite profitable during both the uptick in early 2021 and the downturn in 2022, Binance would have been profitable if you would have invested at the start as contrary to what was expected the dif hit a flat spot then, so....Just because 99% of them are scams that doesn't mean all are, a legally and normally run cloud mining company would make no difference from a company building it's mining farms with investors money. Bottom line, there are legit services also! Is it really true what you are saying? Minimum investment should be 5 bitcoins? I don't think this is serious. Or did I not understand the issue correctly? I have no idea where he found that 5 bitcoin requirement. I just checked the link he shared and they only have explanation how to join mining pool, there's no mention of some minimum bitcoin investment. I have no idea why anyone would think kucoin even offers that since that page is just a tutorial. |
|
|
|
I wonder if fees are going to rise along with this very solid price jump. fees are steady and under 0.50 btc a block
Neah, I think we're going to see them even lower. This is not a spike that everyone sees like a pump and dump and more as the first step of a breakthrough after the havening so everybody is keeping their coins tight, at most consolidate or move a bit between wallet exchange but no action as in purchasing stuff and ordinal minting is at it's lowest. Once we deal with the ton of consolidation transactions that are waiting we're going to drop to 3-4 sat/vb where inscribing useless kitties and monkeys becomes again cheaper to throw money at it. Anyhow, I think we dodged a few bullets - we're going to hit maybe 60k before the halvening, imagine being at 30k and suddenly the rewards goes in half - ordinal madness is done, imagine a 30% hashrate drop after the halvening and blocks coming for 3 weeks at 100 a day with 2GB of mempool So, it might be rather uneventful compared to what we might have had Latest Block: 832237 (11 minutes ago)
Current Pace: 97.0829% (1646 / 1695.46 expected, 49.46 behind)
Next Difficulty Change: between -2.7172% and -2.6281%
Two days left, we might get below (above?) -2% |
|
|
|
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession?
This again? The recent lay-off are a return to normal after the madness in hiring https://edition.cnn.com/2023/01/22/tech/big-tech-pandemic-hiring-layoffs/index.html Because I have seen my colleagues getting laid off and it's been months they are unable to find a job.
Something happening to a group of people in a city or a country is not a sign of a global recession! US: Despite high-profile layoffs, January jobs report shows hiring surge, low unemploymentHiring picked up sharply in January as employers added a booming 353,000 jobs, highlighting a labor market that continues to defy high interest rates and household financial strains.The unemployment rate held steady at 3.7%, the Labor Department said Friday. EU: Eurozone unemployment returns to record low of 6.4%The European Union is experiencing its lowest unemployment rate in over a decade, according to data published by Eurostat on Thursday.
In December, seasonally adjusted unemployment across the EU fell 0.2 points to 5.9%, representing nearly 13 million people. Young people under the age of 25 experienced a higher rate of unemployment compared to the average European at 14%. An estimated 54,000 more young people were unemployed in December 2023 compared to November. And since I saw that you posted in India's subforum: hits a record low[/u] but remains steep among educated youth]=https://www.cnbctv18.com/education/india-unemployment-rate-hits-record-low-but-remains-steep-among-educated-youth-18322091.htmIndia’s unemployment rate hits a record low but remains steep among educated youth |
|
|
|
What's the supposed benefit of knowing the location for their headquarters though?
I have one or two ideas but I don't think it would be smart to post them, even as a joke!  This does not surprise me, since it is where the headquarters of the ECB is also located, as Lucius said, and it is no coincidence.
If you would take it by where it should have been headquartered normally it would have been Koln not Frankfurt, Zoll, the german FIU or Finance intelligence unit which will be a part of this AMLA is located there , the Europeans FIU headquarter is in Hague so this will be another one of those funny things like in the Asterix and Obelix when they rush from one window to another to get a permit. |
|
|
|
These are the reasons there is not mainstream adoption of Bitcoin for everyday payments, not some conspiracy by "the government".
Neah, you missed the most important one: "Why should I spend my coins when the havening is near and the new ATH will be over $200k" This is why Bitcoin fails as a payment method, because the vast majority of "users" are not interested in actually using as in returns. The fees and the slow time for confirmations are excuses, we had last year weeks of 1satvb next block transactions being possible, what did that mean? That there was no actual usage, what happened with ordinals was just a different issue, yo can see how fees are going down right now back to 10sat/b , you can get a tx for half a dollar not $30 as you mentioned, this means only one thing, there is no actual demand for those tx! As long as there is hope of making 4x 5x in a year just by holding coins you will see no use of it as a mainstream payment method! |
|
|
|
Developing countries that depend on imports struggle a lot when the dollar's purchasing value increases because their economy is not good, salaries don't increase according to the inflation rate and imported products become expensive.
Developing countries should focus on , ironically, developing their won economy and not care about exports, because if you're dirt poor and you have a negative trade balance no mater what other currencies do you're still goin to be in trouble. A developing country with no service sector that relays more on imports is a recipe for disaster. Even if the Dollar of the United States disappeared tomorrow, your currency would not recover at all, you know. It would be still exchanged against other strong Fiats, like the Canadian Dollar or the Japanese Yen, even against minerals like Gold. Instead blaming the external entities in other countries, we need to see inwards and wonder what needs to be changed in our undeveloped republics for our currencies to become stable again and avoid the unnecessary printing of banknotes and the issuing of endless debt. Playing the victim is not a good approach to solve problems...
But , but, if the dollar is gone everything will be fine! Hunger will stop in Africa, child exploitations in Asia, inflation in South America, there will be no more wars, everyone will be rich, ... Magically something will happen, there is a preacher from Iran that is writing around here the end of the dollar is going to bring the third coming of all the prophets combined in one!  What this hate about the dollar really is it's just envy, incompetent governments, idiotic dictators that have no solutions for their actual problem and they blame the us and the dollar for everything, a pipe broke in the city despite on paper being repaired 10 times and in reality not once despite eveyone cashing the money? It's not corruption and incompetence, it's the fault of the reptilians! |
|
|
|
I hate to spoon-feed people and explain simple things but I will make an exception for you. Perhaps that's because nobody knew what is going to happen next and they bought as much gas as they could? Once the gas storage facilities were full and there was some clarity about LNG deliveries from the US, the prices started going down. After that, the US started dumping with their cheap LNG. Something is still not clear?
Yes! Why was Russian gas before the invasion of Ukraine twice as expensive as US LNG is right now despite you claiming that russian gas was cheaper? The question is for how long can the US sell LNG at an affordable price to the EU?
NATURAL GAS (HENRY HUB) Price $1.58/per million British thermal unit You do the math! Frankly, I don't give a damn about Russia. I'm not Russian, I've never been to Russia (even as a tourist).
Indeed komrade! I much not don't doubt you! Such true! Much trust! |
|
|
|
Closing and reopening would prevent tax authority from forcing me to disclose past transactions.
Oh what a nice idea, I 'll just close my bank account and claim I haven't earned a penny in the last 10 years! Privacy laws grant you rights, including the right to the deletion of your personal data. However, these rights are subject to limitations. While we respect your right to data deletion, legal and regulatory requirements compel us to retain certain information, such as financial transaction details, and information related to identity verification processes, and anti-money laundering measures, for a specified period. and in case you're wondering what that specified period is, it's at least 5 years under FATF rules. If I'm not mistaken, closing of accounts on Binance is irreversible. So you probably can't just close and open and close and open an account as you deem convenient.
Closing one is indeed irreversible but they will let you open a new one if you have asked yourself to close the current one and they had no issue with anything about it. They will label it dormant, you have 14 days to get all your cryptos back and according to their ToS once that dormant account is frozen you could theoretically register a new one. But opening one just one month after you closed the previous will trigger a lot of red flags for sure. |
|
|
|
So many ridiculous posts here. I think most coming from non-US citizens who have not a clue.
Most of them come from people that got their green card rejected! The U.S. financial market on brink of collapse? “To happen soon”. Lol where the fuck do you come up with this kinda shit. Also what is the US financial system anyhow? That could encompass countless things, largely NOT controlled directly by the government. The U.S. dollar is not in jeopardy of losing the world’s reserve currency status.
Take a look at the U.S. stock market compared to every other country,, perhaps there’s a reason why it’s so far and beyond the rest of the world in terms of market caps and company valuations across most sectors. If you know anything about the financial markets (US at all time highs atm, after a sizable downturn /correction 1.5-2 years ago) you know the US equites and bond markets are the worlds best in terms of performance and safety /security
But but but, Brezhnev told us all that the USA is on its deathbed , just as capitalism, and since it's been 42 year since he himself died I assume well, that capitalism and the dollar are also dead, right? I don't think you're going to say that the russian propaganda was spreading false things The government has long ago taking over the networking of informations such as the social medias which was supposed to the people in concerned updated with the realities and happenings in life but because the governments are keeping things closed doors they shuts the News and other means of updates speculations up simply because they don't want to get exposed.
Bruh, you don't know what Valentines day is but for sure some guy from Nigeria is well more versed in the economics of the USA than people actually living there! Of course, Nigerian newspapers present the true reality, right, while the capitalistic reptilians media of the US is lying to its citizens But this is beyond funny , so you have guys from Nigeria: Nigeria cost of living: People turn to 'throw-away' rice for foodand one from Iran: Iran Enforces Nationwide Bread Rationstelling us how bad things are in the US. Definitely '82-84 vibes! LE: i do study and learn also the mechacals of markets and how they work.
You what? |
|
|
|
The four domains I will mention also fall under Hyip and use the same template as the scam website OP mentioned; the scammer behind them all may be the same owner. - rise-empire[.]com
- alpha-tradex[.]com
- aetexu[.]org
- reliable-returns[.]com
There are hundreds of them, at this point where they can create hundreds by simply copy pasting a script it's just futile to to try and mention them all or open a topic about them: bitstars-miners(dot)com/?a=home#investment rise-empire(dot)com/?a=home#investment altcoins-digitals(dot)com/?a=home#investment coinprofit-finance(dot)com/?a=faq#investment goldentradersms(dot)com/?a=home#investment crypto-escalator(dot)com/?a=home#investment cryptocapital-elite(dot)com/?a=plan multi-coinexchange(dot)ltd/?a=home#investment gainbundle(dot)ltd/?a=home#investment giftextradefx(dot)net/?a=home#investment bitbridges(dot)com/?a=home#investment microstrategies(dot)org/index.html#investment calmmindinvest(dot)com/?a=home and I got bored of even counting not copy pasting their domains, there were at least 40 more in just google search. I really hoped for a while it will stop being such lucrative business and at one point they will simply cease this but there is nothing stopping them. Dont even try to experiment with 10 to 20$ - its not worth it, rather buy a lunch bento with that instead.
Unfortunately that's what a lot do, and $10 from there $20 from there they are already making a profit over the domain name and they will keep doing it. |
|
|
|
Blocking information on websites and social networks is almost impossible if you choose the North Korea route  They are not looking at blocking information, they are looking at regulating ads. Since there are only a few gateways for that and most come from large companies like Alphabet and Meta you need to implement filters there, you whitelabel some companies that have nothing to do with those kinds or are to large to ever be involved in such schemes and you double filter the new ones. You don't need to police the whole internet you just have to filter the few thousands of new ads with new domains those are approving each day. Pretty doable, google can simply blacklist any site containing certain keywords if the ad isn't coming from a company registered with the FCA in this case, it's just that they didn't care till this point. |
|
|
|
Feebudy is getting left alone longer and longer, I hope bitmover doesn't blame us if it grows up to be a terrible adolescent. But, we're touching the final bits of the 10sat/vb wall, ordinals are being replaced by consolidations:  and with just 28vMB till single digits I think were going to finally see them at the end of the weekend, no matter how much consolidation will be thrown at the mempool these days. You're optimistic imo, I personnaly believe that 99% of new users are just buying/holding on a CEX and won't use the network itself.. so I'm not sure that fees are so important for most of newcomers
And you're far too pessimistic, the number is obviously around 98%! Most users wont even use wallets that allows them to customize their fees.
Look at the bright side, we're still at a level where if they wanted the majority could withdraw their coins to their own wallet, they still deal even if on CEXs and custodial wallets with bitcoin, what I'm more afraid of is to slowly leaning towards gold IOU like ownership. |
|
|
|
I tried to figure out what the exact argument is about but I am not feeling too well,
Sorry to hear that, but you could take Phil's approach and have a dinner tin german restaurant , some greasy bratwurst mit sauerkraut would either make your write that in 2 seconds or quit doing anything for the weekend. But seriously, if you're not feeling well take care, with all the shit in this world you don't know what a headache might be caused by. so is it true that you think this is all just luck while phill thinks the 50EH or so was actually present in the previous epoch and vanished today? would appreciate a TL;DR summary of what are you debating so that I don't take sides blindly, although, as usual, if it's a guessing game I rather be on the other side that you are debating given your track record of terrible speculation.  I think that the previous 8% was a fluke by a few percentages, so it was more like 4% than 8% that time and while this one might end -1-2% in reality is actually positive. Phils' version is : It is more likely that it was 108 and some miners cranked up hard while waiting to redeploy their new s21's
I now think they pulled a ton go s19's off line and are dumping them at very cheap prices. Nevermind he answered first. And btw, even a broken clock is right twice a day.........although I'm digital... I think we are just bullshitting around waiting for the next epoch.
I'm saving all the popcorn for the halvening, these few adjustments are like the commercials before the movie, once that kicks in I'm going to watch the diff block by block, hutting all the press releases and hoping it will finally bring some sense in the market. |
|
|
|
Not sure what are you guys trying to reach to,
We're discussing and speculating each giving some arguments and not getting convinced by the other's. Not that the outcome would matter, but what are you going to do on a rainy Friday? As you said in the other reply, chit chatting.. but there is a 0.0048% chance you get 25% or more variance in 288 blocks vs a 0.0245% chance of getting 8% or more variance in 2016 blocks,
and none of us as far as I understand claim that it's a fully 8% luck and more like half of it or one third or something around which would again increase the possibilities but, again not that it matters to the zeros. I would be more interested in the actual technical challenges of having at least 50exhash in the datacenter and 50 out the next day, even assuming some larger farms managed to do this the same time. I still believe that unless you're willing to spend extra for extra hands and shifts, and a lot here this won't be possible unless all the farms came to some agreement and all of Foundry and Bitmain and Antpool did it the same time. Why would they? That is another speculation! |
|
|
|
Europe gained nothing from this move. In fact they only lost (cheap gas they were buying from Russia). Europe now almost completely depends on the US natural gas exports.
Can you explain why the cheap russian gas was twice as expensive before the invasion of Ukraine than what LNG is now? https://www.ice.com/products/27996665/Dutch-TTF-Natural-Gas-Futures/data?marketId=5733529&span=3Because if Europe was buying in February 2022 gas at an average of 40Euros per MW and is buying now at an average of 25Euros from the US seems like it's the other way around in terms of cheapness! Also, it might be very stupid for China to delay the power of Siberia to buy gas from Russia while importing record highs of Us LNG? They are also stupid, right? Get over it, Russia shot itself in the foot and its left with no money even for bandages while their formers allies will not trust them again no matter what! |
|
|
|
That is too short-sighted. What many people don't take into account is that China has a strong deflationary effect on prices by producing goods very cheaply with its large population and cheap energy and exporting them to all countries in the world. Without the goods from China, many things would be much more expensive, which would also make many people in other countries "poorer" or less able to afford them.
Without goods for China there will be goods from Mexico and India, as they have already started to be. Second, I must say that I love how you "care" about the poor people that can only afford cheap Chinese goods that are so only because of "cheap" laborforce which means...poor people . Second, China's energy is by no means cheap, there are a ton of countries with cheaper energy be it gas or oil (which China imports) as well as electricity and with people what will work for less. Once large companies move their productions somewhere else wit will be game over and nobody will care, and that is actually happening https://www.npr.org/2024/02/08/1229965009/mexico-has-overtaken-china-as-the-leading-source-of-goods-imported-to-the-u-s |
|
|
|
I purchased through PayPal, if anybody has issues with it, they can verify records with PayPal through an investigation. I am not claiming any speculations of any bitcoins.
You have purchased those coins though Paypal. This could be verified and this is where your case ends.... You have to understand that no police no agency works with trust me bro things, you might have been scammed with that thing but right now you have no proof that it was indeed the case, you don't know who sold it to you, you don't have the original email, you don't have anything else than a string of letters and numbers. Again, it's not a matter of being right, it's a problem of proving you're right! Nor have I stated anything about other issues such as MtGox.
You bumped a topic about MtGox, your case should have been related. Again, neither MtGox nor Coinpal would have sent you a key and not coins to your address. If you want to pursue this on the scamming scenario open a topic here: https://bitcointalk.org/index.php?board=83.0you will anyhow get way more views on your issue there |
|
|
|
|
Show Posts
