Glassnode made an analysis on both bullish and bearish cases in one of their weekly newsletters for October. Everyone can read the full analysis in the source of this summary. One of the bearish cases is on the miners' profitability and the increasing hashrate. It is certainly clear that one of the 2 should occur. Price pump or miner capitulation. However, there is also a third possibility which has already started. Jihan Wu, Changpeng Zhao and Justin Sun offer the cashflow to bail out the miners. The mining industry has been in the spotlight of late, with hashrate and difficulty pushing to new all-time-highs (covered in WoC 40). This acts to increase the cost of BTC production, despite miner revenues per hash falling to all-time lows.
The Difficulty Regression Model is an estimated all-in-average cost of production, and is coincident with the spot price of $19.3k at the time of writing. A bearish cross-over was last seen in mid-2018, with a major mining industry capitulation following soon after, and persisting for several months.
Indeed, the mining Hash Price has reached all-time-lows this week, with miners earning just $66.5k/day per Exahash applied. With Hash Price now falling below the post 2020 halving lows, despite coin prices being ~2x, this demonstrates just how extreme the recent increase in hashrate competition has become.
Overall, the Bitcoin demand side, as measured by on-chain activity and network participation, is lacklustre to say the least. There are some green shoots of hope in the mempool, however there remains a $1.5B overhang of coins held by the mining cohort, whom are in extremely distressed territory.
A deleveraging event of miners may lead to distribution into thin orderbooks (WoC 42), historically light demand, and persistent macroeconomic uncertainty and liquidity constraints.Source https://insights.glassnode.com/the-week-onchain-week-43-2022/ |
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Also, I understand your argument, however, my argument is why did he not choose Boots Ennis, Vergil Ortiz or Keith Thurman? What is the purpose of fighting Avanesyan?
Of course, because these boxers are big threats to his title he only wants a tune fight because there is a possibility that the fight will happen next year, same with the case of Spence he will not fight these three, I will be surprised if Spence will fight any of the three, he will likely choose fight that is not on his level but will poise a challenge to his skill, its really bad that they did not agree on small details, but as long as both are on the welterweight and they have their respective titles the negotiation is still open. If Spence is also fighting someone similar to Avanesyan to avoid Ortiz, Boots Enmis or Thurman then I want an answer to the question on why Terence Crawford is going to fight Avanesyan instead of the real contenders. I reckon no one will say it because it would prove that the first argument presented is correct. I guess Spence fighting Thurman would be a good fight to witness, we will forget our disappointment in the Crawford vs Spence fight that didn't happen. This one should is easy for Crawford, so let's see who will Spence fight, hopefully one of the names you've mentioned. It might be good, however, I want to watch the real contenders fight the kings of welterweight hehe. I have mentioned this a few times already, Boots Ennis is the 3rd king of welterweight boxing. We only have not wintessed his greatness because he is not being given an opportunity. I want to see Ennis vs. Thurman. This would be the best opportunity for Ennis because if he defeats Thurman, he will have a big name in his record and he shows that he can fight vs. the best. Also, it will not be similar to an ICO scam boxing fight hehehehehe. |
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@NeuroticFish. What is certainly bullish about this is there will be more institutional investors that will buy and hold bitcoin because the fear of it being under an unknown legal classification is not there anymore. Also, there might be more financial outlets for regular people to buy small amounts of bitcoin and altcoins.
Imho this law only brings more clarity. Crypto was not prohibited in UK and businesses have contracts or departments for the legal part, there was not much of fear there. So there may be only the average Joe who may get some more trust in that, but the history tells that people tend to invest when the price grows fast and they FOMO, not when there's a clearer legal status... I speculate the next unregulated part of the cryptospace and where criminality's billions of dollars might flow is in NFTs. This cashflow going inside might help NFT total market capitalization grow by 10x or more.
I don't know... while proper companies (eg Disney) start testing the waters of the NFT world, for now I see most of the NFTs are based on images worse than my son would do in Paint(brush). What I say is that NFT scene has to evolve some more to indeed get hands on the big money. Agreed, however, it is the institutional investors mostly that are unwilling to take a risk because there is no clarity on regulations. Their billions of liquidity and cashflow will certainly cause the new fomo of the new bull market. The average joe has never really moved the market. We are usually the dumping ground hehehehe. On NFTs, it appears not much people has understood that it is not only about the artwork. Much of it is about the idea, the community and the culture. It is very much similar to memes. But memes where you can make some money like altcoins hehe. @cr1776. Trading futures is for a different type of investor. They only want to profit on the volatility of the markets. They do not want to hold the assets. |
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@ralle14. Agree on your analysis and your prediction, however, it is presently the 2nd quarter and it appears Tom Brady is giving the Ravens defensive team some difficulties hehe. @nutildah in the other NFL thread predicted the Buccaneers to cover the -1 handicap. He did not give an analysis but it appears he did it because the spread moved from +1 to -1. He is 3/3 in his predictions.
The analysis of @wheelz and @DireWolf14 have also been very good.
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Does anyone have a projected 7-9 fantasy points tight end player on their bench who is available to trade? I want to trade Tyler Lockett who is projected to give you 13 fantasy points and it might be more because DK Metcalf is out for week 8.
Also, tight end's bye week should not be week 11 hehehehe.
Juwan Johnson is available on the wire, he filled in for the Saints other tight end last week and had a good day. If you only need him this week, it might be worth picking him up and keeping on eye on the injured starter. I am looking for someone who I can hold until the end of the season. I do not have a place on the bench for Juwan Johnson except if I drop Wandale Robinson. But I will need Robinson for week 11 when Tyreek Hill and Mike Evans are on their bye week. Motsert is also going to be on a bye week on week 11 hehe. 3 starters in total. |
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Also, I understand your argument, however, my argument is why did he not choose Boots Ennis, Vergil Ortiz or Keith Thurman? What is the purpose of fighting Avanesyan?
Of course, because these boxers are big threats to his title he only wants a tune fight because there is a possibility that the fight will happen next year, same with the case of Spence he will not fight these three, I will be surprised if Spence will fight any of the three, he will likely choose fight that is not on his level but will poise a challenge to his skill, its really bad that they did not agree on small details, but as long as both are on the welterweight and they have their respective titles the negotiation is still open. If Spence is also fighting someone similar to Avanesyan to avoid Ortiz, Boots Enmis or Thurman then I want an answer to the question on why Terence Crawford is going to fight Avanesyan instead of the real contenders. I reckon no one will say it because it would prove that the first argument presented is correct. |
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I believe we can recover faster than what we previously imagined, also read my thread here, I believe the 4 year cycle has been broken and is no longer useful as a reference when the recent economic crisis occurs, Bicoin can solve that problem, let's see developments in the next few weeks and don't forget to buy now is a very cheap price, bitcoin is like a fast train so buy it before the fast train leaves you all I disagree on both of your arguments if that is possible when I present you my argument hehehe. We might not recover faster if the war between Russia and Ukraine does not stop. You also argue that the 4 year cycle has been broken. However, it has not yet been broken because we are still in early in the cycle. Next year will be telling, I reckon. In any case, yes next year we might begin to agree on one of your arguments. Slow economic recovery implies the 4 year cycle being broken and a faster recovery than expected would imply the 4 year cycle continues. @mk4. I very much agree! |
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Does anyone have a projected 7-9 fantasy points tight end player on their bench who is available to trade? I want to trade Tyler Lockett who is projected to give you 13 fantasy points and it might be more because DK Metcalf is out for week 8.
Also, tight end's bye week should not be week 11 hehehehe.
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@NeuroticFish. What is certainly bullish about this is there will be more institutional investors that will buy and hold bitcoin because the fear of it being under an unknown legal classification is not there anymore. Also, there might be more financial outlets for regular people to buy small amounts of bitcoin and altcoins.
I speculate the next unregulated part of the cryptospace and where criminality's billions of dollars might flow is in NFTs. This cashflow going inside might help NFT total market capitalization grow by 10x or more.
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This might be good on some sides of the argument and this might also be bad on the regulatory side, however, I am certain they did this more for the preperation of the future and the recovery of their economy than for regulating the cryptospace. The liquidity that the cryptospace might offer on the next bull market might be trillions more than what we had during 2020-2021. The UK’s economy has been declining. Citizens have been dealing with a slew of concurrent issues, ranging from inflationary concerns to the energy crisis. In the midst of all of this, Prime Minister Liz Truss announced her resignation at the end of last week.
Rishi Sunak has now taken over the position of Prime Minister. Sunak is pro-crypto, as he envisions making the UK a crypto innovation hub. Amidst this situation, lawmakers in the UK voted to recognize cryptocurrencies as regulated financial instruments and products.
The vote was passed by the House of Commons, which is the Parliament’s lower house. The topic was discussed for a line-by-line reading of the proposed Financial Services and Markets Bill. The bill also discussed the inclusion of cryptocurrencies as regulated financial services, which was put forth by Andrew Griffith. The bill includes the regulatory details for the inclusion of stablecoins.
“The substance here is to treat them [crypto] like other forms of financial assets and not to prefer them, but also to bring them within the scope of regulation for the first time,” Griffith, the financial services and city minister.Read in full https://watcher.guru/news/uk-votes-in-favor-of-recognizing-crypto-as-regulated-financial-instruments |
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Any chance they were actually targeting the fiat that should be in the ATMs?
It is quite a certainty that they were targetting anything they can find that has value in those ATMs. However, it would also be quite funny if those armed men thought that bitcoins are real coins and that they can steal them physically hehehehe. |
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@BitcoinHunt3r. If there was a new admin, it might not be because he or she chose not to be as active as the last admin. It can also be because livecasino.io's team is thinking and planning on creating new promos and marketing strategies for the forum hehe.
Previously that's what we did waiting for the new admin but ever since Flávio announced he was going to a new job no more activity on the forum Apart from that we also need to keep this thread active and of course it would be great if there was an admin here to post some updates This is just a suggestion from me it doesn't mean anything  does anyone know where we can send this advice? There is a promotions page in the site. https://livecasino.io/promotionsAlso, it does not have to be an admin. What if the campaign managers assigned some of the people from the campaign to read and learn about one of the new available promos for each of us and post about it here in this thread? |
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I'm starting to change my mind on them there Giants, how did they do it? Following the conclusion of the 2021 season, head coach Joe Judge was fired and general manager Dave Gettleman retired. In the offseason, the Giants hired Bills offensive coordinator Brian Daboll to become the 22nd head coach in franchise history and Bills front office assistant Joe Schoen to become general manager. Is this all it took? It appears that might have been all it took, yes. I was beginning to be convinced during week 5 and have taken 2 giants players from the waiver wire. They could be very useful for me on the bench and ready if my main players are on bye weeks or injured. I am not quite certain on Wandale Robinson, however, Daniel Jones might be the best available quarterback who was not rostered in our league. |
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@NeuroticFish. It appears that you have misunderstood. It is realistic that yes, there will be a global recession. Biased or not, we know this already. However, I also say that it is also an optimistic prediction because Elon was thinking that it might only last until near 2024. Similar to your reply, I also speculate that it might last longer than this.
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@DireWolfM14, @wheelz. You have very good insights and understanding of the NFL. Would it be possible if the 2 of you can share your thoughts and what might be your predictions on some of the games for week 7heheheeh.
Giants prediction was correct, thought on Greenbay Packers also correct! On the Giants I would agree because they have only 1 loss for the season and they play against the Jaguars. However, I was shaking my head on the prediction on Greenbay. I thought if Greenbay loses, it would certainly be not against the Commanders.
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Bottom line is some countries may ban bitcoin mining but it will definitely not be because of "fears of climate change" even if they insist on this being the reason. They will only ban bitcoin mining when they face an energy crisis which Europe and to some extent US are facing it these days which is why we are seeing an increased number of discussions about this matter!
It is worth mentioning that China banned bitcoin mining because they were also facing an energy crisis and it didn't solve a thing considering the fact that China's electricity usage continued growing like before, it didn't even have a small drop!
Because the decision to mine or to not mine is already being handled economically by itself. Banning mining because of facing an energy crisis is virtue signalling at best. 1. It’s already insanity to mine Bitcoin from the grid in Europe with skyrocketing energy prices for both industrial and private consumers, it was unprofitable before and even more now. 2. If energy prices are this high it’s more profitable to give energy to the grid than to mine Bitcoin with it for energy producers. It’s like a self-regulating system that doesn’t take energy from where it’s too scarce, so bans won’t solve anything again like in china. It’s just another example of the incompetence of central authorities to handle crisis. They rather just use it for blame games against unwanted technologies and use arguments that sound logical on a surface level to fool 90% of people. Taking the most incompetent decisions just to maintain an image of competence to the public. Wasting time on irrelevant to the problem issues, so the public can feel like something is being done, while being distracted from actual solutions to the problem. Almost like they understand psychology really well. However, how can it be just virtue signalling? The problem of the costs and low supply is very real and it might destroy their economy. This is not a problem where the government can say it will fix without really fixing it. This is not a problem that they can ignore. They really need to fix it. Will bitcoin fix this?Also, I agree that decision to mine and not to mine will be handled economically, however, for some miners, this problem might be a decision of to steal electricity and not to steal electrcity. |
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Why is this considered news? Musk knows about as much as anyone else does, so I don't know why the media keep asking his opinion on this stuff. He even said he's just guessing. The only thing he really knows for sure is which market he's going to attempt to manipulate next. If they reported that, then you could call it news.
Agreed that it might only be his guess, however, it is a very realistic guess, I reckon. And also a very optimistic one if we should consider that a bigger war might begin in Europe. The skeptical me is worried that because of desperation and to cause Nato to join the war, Ukraine might detonate a nuclear bomb in a city in their own country and blame it on the Russians. |
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@BitcoinHunt3r. If there was a new admin, it might not be because he or she chose not to be as active as the last admin. It can also be because livecasino.io's team is thinking and planning on creating new promos and marketing strategies for the forum hehe.
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This is very disappointing and not only because Spence vs. Crawford will not happen. It is very disappointing that Crawford is not fighting someone who is ranked higher than Avanesyan like Boots Ennis or Vergil Ortiz. This is only another boxing event that is promoted very much similar to ICO scamcoins.
Haha, you really compared this to scamcoins? Well, I understand the disappointment mate, but we have no choice, at least we have one that no fight at all this year. I'm expecting an easy win by Crawford here, hopefully another KO so it will be entertaining to watch. Paying to watch this fight will certainly be a waste of money.
We can always find a way to watch this fight without paying, so don't bother.  Yes, the way they will promote this, it will certainly be similar to those ICO scamcoins. The part of this where it becomes very head shaking is many people will pay for this low quality boxing. I will certainly not bother watching this even if this is free hhehehehe. Also, I understand your argument, however, my argument is why did he not choose Boots Ennis, Vergil Ortiz or Keith Thurman? What is the purpose of fighting Avanesyan? |
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