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This is probably the last thing America needed right now. Printing money at unbelievable rates to fund a proxy war against Russia and now we’re about to enter into a proxy war with Iran. I had hoped the world would give us a pass and wait until Biden was out of office before doing anything crazy, but it appears our enemies are taking advantage of America’s weakest and most senile President ever.
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Looks like we’re going to see Chris Paul play today for the Warriors. The season is just around the corner. I’ll have to check and see if there’s any way for me to watch the game. I suspect there isn’t, so I’ll probably have to catch the highlights on YouTube later. I’m not expecting much after Kyrie’a performance the other day, but real basketball is coming!
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I always think of Trendon Shavers as the original whale. I remember when he was moving the market with all the BTC he controlled to try and earn 1% per day of gains. It worked well until it didn’t. I believe in that case it was the guys at bitpay that ended up being the bigger whale and causing trendon to take massive losses.
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Even Joe Rogan is now saying that Bitcoin is the best chance at a global currency. I think it won’t be long before we see another bubble type scenario in Bitcoin’s price. All the stars are aligning for 2025 to be another bubble year with gains that surprise the hell out of everyone. After the last cycle, we’re overdue for a monster rally.
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To be fair we are all satoshi. More seriously, I’m sure everyone on that list probably had some financial reason to claim to be satoshi. I don’t think anyone would shame themselves with public lies otherwise. We’re seeing the final result of this claim now with the lawsuits surrounding Craig Wright and it isn’t pretty.
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One standout thing I've seen from the Bitcoin billionaires is that, they had money to sustain themselves despite having their investment in Bitcoin. That's why it was possible that they could lose everything if bitcoin had gone to zero and still be fine. Compared to the average investor who has to take profit at every swing that the price does to the upside for life's expenses, etc.
The best thing to do is to learn from this and just save up some money for more opportunities that will come in the future.
If they’re taking profit at every swing as you describe, then they aren’t investors, they’re traders. While Bitcoin does attract traders due to it’s 24/7 nature, mostly those traders enrich exchanges, who then blow all the money on salaries and office buildings while losing their customer funds on pump and dump schemes. The glory of Bitcoin is that you can buy and hold your own BTC. If everyone does that, we all get rich. That’s sort of the name of the game now. |
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We’ve got green in the markets this morning. Seems like whatever selloff we were experiencing may have run out of steam. Everyone is talking about recession and bonds crashing, but for a contrarian like me they might as well be screaming the time to buy is here. I much prefer investing in times of chaos as opposed to when everyone is talking about how they’re making millions trading options.
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The only thing I don’t really understand about this development is why now? Everyone has been aware of the fake evidence used by Craig Wright for years now. Literally everyone has known he was a fraud. So why now is everyone positioning themselves against him. Were they just pretending to go along with the scam to get a paycheck?
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We are on fire.... $27700  It seems like we’re still digesting the move up from $16K. These little movements don’t excite me very much. I’m awaiting a big move where we see a 100% gain in a couple months. I believe that move is coming so rather than trade a few percent for gains, just make sure that you’re in the market and don’t get left on the sidelines. |
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I worry a little bit about gambling in third world countries and how it will affect the people there. It seems like the potential to make a lot of lives worse is there and marketing to them via streamers making millions of dollars is probably not the most ethical thing in the world, but you hope that education will keep them from taking risks they cannot afford.
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It looks like the Philadelphia 76ers have finally caved to Harden’s pressure and will be shipping him to the Clippers. The Clippers are said to be doing everything in their power to make it happen. After all the offseason drama it seems like Harden is going to end up getting what he wants, while Dame didn’t get the trade he wanted, but might get himself a ring.
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Bitcoin does seem to be on a winning streak lately and with a spot Bitcoin ETF expecting to be approved in the next few months it seems like the wins aren’t done piling up yet. Every four years it seems like everything aligns for Bitcoin to hit a perfect storm and inflate into a bubble. You can already see those pressures beginning to build.
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Interesting… I don’t think that the Bitcoin community as a whole has social problems. I think it’s more of an internet roll thing. The few crazy people who go around here telling outlandish lies and leaving negative feedback for attention really are a small segment of the community. Using the ignore button when you come across them can save you a lot of heartache and you’ll be able to enjoy the mostly nice folks here.
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So finally the official NBA season starts. We are still in preseason though. Abu Dhabi, UAE is hosting the Mavericks and the Timberwolves. Very good team effort by the Wolves as they are leading double digits against the tandem of Luka and Kyrie. Edwards is still missing in action while Luka seems to be the only one scoring in his team with drama queen Kyrie still with zero points. By the way, while the regular season is yet to start, is there anybody here playing NBA Fantasy on ESPN or Yahoo? I want to join a league but it should be serious to make it challenging and worth the time.  I saw video of some NBA players playing Xbox in the desert. It seems like they’re having a good time over there. Speaking of international basketball, Joel Embiid has stated that he plans to play for team USA in the next Olympic Games. That seems a little weird to me considering he didn’t come to the US until later in life. A good addition to team USA though. |
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Looks like this is going to be quite the life changing move for Damian Lillard. In addition to changing teams and moving to Milwaukee, he has also now filed for divorce from his wife. No idea if that will motivate him or cause him to have a terrible season, but one thing is certain, the man who was just being talked about as Mr loyalty is going through some changes.
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It seemed to me for a minute like Elon Musk was going to buy US Steel just to get the ticker symbol for his X company. At first that might sound ridiculous, but when you consider the amount of steel he will use for his Cybertrucks and Starships, having more assets in the steel industry doesn’t sound like a horrible idea.
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I would have to see this to even be able to form a legitimate opinion on if it was anything more than a gimmick. The fact you say there are large men doing it and not a group of sorority girls makes me think maybe there is some legitimate fighting skill involved, which might make it fun to watch and thus fun to place a bet on.
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I hope you are right. I was expecting to end the year closer to $40K so I would expect an upward move to happen soon. It seems like the price isn’t following the hype with the halving in the way, but it is still a little bit early. Once the talk around the halving gets louder I think we’ll see increased investment and a rising price.
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I know I’m getting old because I still think of fast food workers as making sub-$10/hr. Seeing them making over $40K a year is a sign that I’ve been around a long time. When I was younger a $40K/year job was considered professional and a nice living you could own a home and take vacations with. Now $20/hr is considered barely making it. This is what they did to us with the covid lie.
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As has been already stated, I don’t use any concrete method as scenarios change. If I have a ton of losses on my portfolio, I might use that as a chance to balance out my older BTC gains. If I don’t have any losses to offset gains then I will most likely use the last in first out method to keep taxes reduced. It’s nice to have options when tax time comes.
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