I learned about this word today too. It stands for 'Joy Of Missing Out".
You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!
Hahahahaha! I currently only buy, and HODL Bitcoin. I have not felt the JOMO feeling in a very very long time. There was a few months when I was in my days as a "day-trader" that I felt that very laughable feeling. I believe there are JOMO feelings everywhere during the current stage of the market. |
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OP, if you are an active day-trader who use shorter time frames, EMA might be better because it is weighted more towards recent price data, but for longer time frames, like weekly charts, I believe it doesn't actually matter anymore. I personally use SMA for my weekly chart.
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OP, I believe the priority alternative for the entities that matter is Gold. Central Banks will buy Gold with U.S. Dollars because Gold simply has the precedent of acceptance around the world. Humans have valued Gold for more than 5,000 years. BUT, in due course, I'm very confident Bitcoin will be used for international trade for more efficiency. Gold can't be shipped back and forth efficiently.
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The default Wasabi Wallet coordinator will start censoring "illegal" UTXOs
It FAILED to live up to Bitcoin's ethos. But how would developers mitigate this in the next iteration of the "next Wasabi"? Or what other alternatives can be built, using another path, to protect and preserve Bitcoin's fungibility? Offchain layer with Zero-Knowledge Proofs perhaps? Is that possible? |
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In what currency will Russia be willing to accept, and in what currency will India be willing to purchase? It's expected that Russia will never accept the U.S. Dollar, or the Euro. Will payments be in physical Gold/other commodities, because that would only be the logical choice.
I believe, because of the U.S. government's financial cancellation and sanction on Russia, a narrative will surface. "The beginning of distrust over the World Reserve Currency/U.S. Dollar".
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Maybe he thinks that holding a lot of Bitcoin forever will save him and help him become more famous. A whales like Elon Musk can really play the market without worrying to lose their money, perhaps, they can afford it. However, whatever he does with his Bitcoin, people are not interested to know it, actually, we don't care. But believe me or not, Elon Musk is a wise person, he could trick us. he can pretend that he is holding till now, in fact, we don't know the truth.
 Or maybe he's really one of the smartest, most intelligent minds in the world, and that he truly understands the underlying nature of a ground-breaking invention like Bitcoin. In the history books of the future, Bitcoin will be considered to be a breakthrough the same as the invention of the printing press, the telephone, the airplane, or the discovery that the Earth is round. |
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Ok... imagine this scenario.
Russia buy some electronic goods from China and they tell them that the payment will be in the form of Gold coins. Will the US now ban Gold coins, because they sanctioned Russia and used the Banking system (SWIFT) to stop international money transfers?
They can, they will. Russia has many ways to pay for goods and services, even if they use offshore accounts or having to re-direct the payments through friendly countries. (Do you really think Russia has stopped selling Oil and Gas.... and how do you think they are getting paid?) Also, we are talking about Billions of Dollars worth of bitcoins that needs to be bought ...and we are not seeing that on Exchanges. (... it is hard to offramp crypto in large amounts.) Let's not forget this.... people worldwide are sending millions of dollars in BTC [Bitcoin] to Ukrainians to support them.  It's not that hard, if there's demand. Bitcoin, because of the way it is built, it has an inclination to go to where it's needed, and the inclination to lessen friction, and make inefficient transfers of value more efficient by removing third parties. |
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I believe the asset most held by the rich that would surge in price during the first type inflation would be real estate, which should also affect the plebs through purchasing, and rental costs. But more research necessary what the effect would be if it continued for 10 more years. It's hard for me to believe that the expansion of the Fed's balance sheet would be sustainable without having inflationary problems, and we blame it only to supply constraints.
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As to Russia itself or its banks and huge companies, I think it's hard for them to evade sanctions through cryptocurrencies. But to the Russians who are now deprived of ways to transmit money from their country to the other parts of the world and vice versa, crypto could help. Crypto could also help those who are keeping cash savings as the value of the ruble is spiraling down. And we also know that a lot of Russians are leaving the country. They are limited as to the amount of cash they could carry. Bitcoin is a great option. It's definitely hard, but in my opinion, it's not impossible. What use is POW in Bitcoin, what use is the preservation of decentralization and censorship-resistance? How long must the protocol keep chugging along until everyone understands the true nature of Bitcoin? The use of Bitcoin to evade sanctions is limited primarily because of the nature of the sanctions themselves. Currently, the strongest sanctions are directed at Russia's oil and gas, the country's lifeblood. The US has banned all of Russia's oil and gas. EU countries have also greatly reduced their dependence on Russian oil and gas imports. Germany has also halted the Nord Stream 2 gas project. That's true, but they can start mining Bitcoin by using their stockpiles of oil, and their unused supply of natural gas, and sell virgin Bitcoins, which has higher value. Well, it's not gonna make them evade the current sanctions but I think it's worth it. Russia should explore Bitcoin mining considering that they have abundant supply of oil and gas. They have the resources to build the largest Bitcoin mining farm in the world. In effect, they will also be earning huge in a currency that cannot be bullied nor censored. But I wonder how western countries would begin to treat Bitcoin if Russia is fully into it. They treat it the same like how they currently treat it. They fear it because they don't truly understand it, I believe no one has. But if Russia starts HODLing it, and start using the protocol as a point for censorship-resistance, transacting with a country like El Salvador, or Iran, Pakistan, weakening the West's political stronghold, I believe game theory would suggest that the West should HODL too, as a hedge. Financial sanctions include freezing the Russian central bank's hundreds of billions of dollar reserves, freezing the assets of Russian oligarchs, among others.
Huge international companies like Coca-Cola, McDonald's, Pepsi, Starbucks, Heineken, Shell, ExxonMobil, Levi's, Nestle, Procter & Gamble, Unilever, and many others have also implemented their own version of sanctions.
In all of these, Bitcoin couldn't be used as a tool of evasion. That cannot be debated, but as a protocol, and an open, permissionless system that can't be turned off by third parties, wouldn't you agree that Bitcoin is useful? That's where it starts. The dark markets/black markets are next. I completely agree, although, again, there might be grave repercussions as to Bitcoin's perception once the enemy is making the most out of it. Western countries and the western media might once again paint Bitcoin in a bad light. That's another topic, but the Honey Badger don't care.
Moreover, Bitcoin regulations would definitely be at its tightest.
It's ironic that many people believe that matters because the design decisions made by the Core developers were for decentralization, and censorship-resistance. "Regulations" don't exist in the blockchain. |
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As to Russia itself or its banks and huge companies, I think it's hard for them to evade sanctions through cryptocurrencies. But to the Russians who are now deprived of ways to transmit money from their country to the other parts of the world and vice versa, crypto could help. Crypto could also help those who are keeping cash savings as the value of the ruble is spiraling down. And we also know that a lot of Russians are leaving the country. They are limited as to the amount of cash they could carry. Bitcoin is a great option. It's definitely hard, but in my opinion, it's not impossible. What use is POW in Bitcoin, what use is the preservation of decentralization and censorship-resistance? How long must the protocol keep chugging along until everyone understands the true nature of Bitcoin? The use of Bitcoin to evade sanctions is limited primarily because of the nature of the sanctions themselves. Currently, the strongest sanctions are directed at Russia's oil and gas, the country's lifeblood. The US has banned all of Russia's oil and gas. EU countries have also greatly reduced their dependence on Russian oil and gas imports. Germany has also halted the Nord Stream 2 gas project. That's true, but they can start mining Bitcoin by using their stockpiles of oil, and their unused supply of natural gas, and sell virgin Bitcoins, which has higher value.
Financial sanctions include freezing the Russian central bank's hundreds of billions of dollar reserves, freezing the assets of Russian oligarchs, among others.
Huge international companies like Coca-Cola, McDonald's, Pepsi, Starbucks, Heineken, Shell, ExxonMobil, Levi's, Nestle, Procter & Gamble, Unilever, and many others have also implemented their own version of sanctions.
In all of these, Bitcoin couldn't be used as a tool of evasion.
That cannot be debated, but as a protocol, and an open, permissionless system that can't be turned off by third parties, wouldn't you agree that Bitcoin is useful? That's where it starts. The dark markets/black markets are next. |
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How much do you think bitcoin price is going to rise this year because of all this economical drama?
Bitcoin might not surge like it did during 2020 and 2021 because the bear cycle might be starting. But ZOOM OUT, it might actually give us plebs another golden opportunity to buy near the 200-weekly SMA, which Bitcoin has been crashing through during bear cycles. That's the only DIP I like. |
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How many more years must the Bitcoin network/protocol keep running before many nation-states discover that its true, underlying nature is to weaken and break old political strongholds? We as greedy self-serving plebs, how do we profit from this? Buy the DIP, and?  |
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My dudes, open Telegram on your phones and enable Automatic Translation in the context menu.
Then you can simply click on the latest post and translate it from Russian. Easy-peasy.
Hy этo пyть нa 30к. Taм cидит бoльшaя нeдeльнaя пoддepжкa. A тaм пocмoтpим.
Ho вы видитe, двoйнoй тoп и тaкoe мoщнoe cнижeниe... И дивepгeнция мaкд нa нeдeльныx нaмeкaeт, чтo пaдeниe бyдeт эпичecким. Имeннo этo я имeл ввидy 4 дeкaбpя, зaпocтив этoт мeм.
C дpyгoй cтopoны, я нe пoнимaю. Инфляция жe выxoдит из-пoд кoнтpoля, этo виднo нeвoopyжённым глaзoм. Кaк мoжeт битoк в тaкиx ycлoвияx дoлгocpoчнo пaдaть? Toгдa пoлyчaeтcя вcё-тaки инфляция пoд кoнтpoлeм. Этo FED шлaнгoм пpикидывaeтcя...
Well, it's a 30k way. There sits a lot of weekly support. And we'll see.
But you see, the double top and such a massive decline... And the weekly MACD divergence hints that the fall will be epic. That's what I meant on December 4th when I posted this meme.
On the other hand, I don't understand. Inflation is getting out of control, it can be seen with the naked eye. How can the cue ball fall in such conditions for a long time? Then inflation is still under control. This FED is pretending to be a hose...
Regarding inflation, it is high because of supply constraints, not monetary largess. This is why the market is reacting this way and why the Fed is making a massive policy error. The market knows it is a policy error hence the sell off. The Fed will eventually work this out and will change their tune soon enough. Hahaha. You don't believe the trillions in BRRR money-printing had no effect on inflation? They also said inflation is "transitory". Stop listening to "them". The monetary inflation (QE etc.), which we have had a massive amount of since 2008 has increased asset prices only. If you care to look over the inflation numbers since that time you'll notice that not only are assets up a hell of a lot, but also CPI inflation was low up until 2021. So all that Brrr money did nothing to CPI until recently, why? Because giving money to the rich via monetary inflation over a decade doesn't push up the CPI, only asset prices. The rich invest 99% of their wealth, hence no CPI impact. What pushed up CPI starting from last year? Massive fiscal (money to the poor) stimulus, the poor spend 99% of their wealth hence increase in CPI, combined with massive supply constraints. I believe that's also known as BRRR money printing. Plus it would be naive to believe that the money printing before 2020 that went to the rich wouldn't find its way down to the plebs like us.
Up until the Ukraine invasion these supply constraints had peaked, but with the invasion and the sanctions that went with it, along with Covid close downs now in China, those supply issues will probably be around for at least another year.
So yes CPI inflation will now remain high until all that changes. At the moment there aren’t any fiscal responses, but if that does happen, expect more CPI inflation.
Honestly, it’s really not too hard to understand, there are 2 types of inflation, CPI and monetary, both move around for mostly very different reasons, but on a rare occasion it can be the same reason.
Edit: I do believe some of the brrr money had an effect, the fiscal stimulus side only, but the monetary inflation since 2008 did not. Fiscal ended a while ago now, if it doesn't start again and CPI reamins high it will be that way because of the supply issues.
I will do my research about CPI, but I have heard some debates that CPI excludes some sectors of the economy, making it look inflation is under control. |
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My dudes, open Telegram on your phones and enable Automatic Translation in the context menu.
Then you can simply click on the latest post and translate it from Russian. Easy-peasy.
Hy этo пyть нa 30к. Taм cидит бoльшaя нeдeльнaя пoддepжкa. A тaм пocмoтpим.
Ho вы видитe, двoйнoй тoп и тaкoe мoщнoe cнижeниe... И дивepгeнция мaкд нa нeдeльныx нaмeкaeт, чтo пaдeниe бyдeт эпичecким. Имeннo этo я имeл ввидy 4 дeкaбpя, зaпocтив этoт мeм.
C дpyгoй cтopoны, я нe пoнимaю. Инфляция жe выxoдит из-пoд кoнтpoля, этo виднo нeвoopyжённым глaзoм. Кaк мoжeт битoк в тaкиx ycлoвияx дoлгocpoчнo пaдaть? Toгдa пoлyчaeтcя вcё-тaки инфляция пoд кoнтpoлeм. Этo FED шлaнгoм пpикидывaeтcя...
Well, it's a 30k way. There sits a lot of weekly support. And we'll see.
But you see, the double top and such a massive decline... And the weekly MACD divergence hints that the fall will be epic. That's what I meant on December 4th when I posted this meme.
On the other hand, I don't understand. Inflation is getting out of control, it can be seen with the naked eye. How can the cue ball fall in such conditions for a long time? Then inflation is still under control. This FED is pretending to be a hose...
Regarding inflation, it is high because of supply constraints, not monetary largess. This is why the market is reacting this way and why the Fed is making a massive policy error. The market knows it is a policy error hence the sell off. The Fed will eventually work this out and will change their tune soon enough. Hahaha. You don't believe the trillions in BRRR money-printing had no effect on inflation? They also said inflation is "transitory". Stop listening to "them". Plus this was masterluc's latest post about Bitcoin, which was posted during March 1.  Hy ecли oн и дaльшe бyдeт тaк oтcкaкивaть oт нижнeй тpeндoвoй, тo cpaбoтaeт cкpытaя бычья дивepгeнция и цeнa yлeтит нa 90к Well, if it continues to bounce like this from the lower trend line, then a hidden bullish divergence will work and the price will fly away by 90k Are the DIPS still for buying? |
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Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
Yeah, he won't sell his Bitcoin or his shitcoins, who cares. I think that in this forum we don't really care what he says, although it must be recognized that he has a short-term influence on the markets. Or he maybe he believed that that tweet would make everyone, especially the plebs like us, to FOMO like his announcement during February, 2021. The difference is we might be entering another long bear cycle, which placing your bids near the 200-weekly SMA might be a golden opportunity. |
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Not a ruble is going to hell. The whole country is going to hell, in which, in the near future, a real collapse and division into many independent states, and I hope with the control of the established authorities. After the new sanctions on hydrocarbons adopted yesterday, Russia no longer has a chance. What you are seeing now is agony. You know, like a person in the final stages of cancer - he seems to be alive and breathing, and even speaks and communicates, but - there is no way back, death is ahead, and there is nothing to help. Just waiting for the final...  That proves that HODLing Bitcoin is good as a hedge. HODLing Bitcoin is not only as a "financial hedge", but as a hedge against the people/leaders in your government in case they make a stupid decision. |
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As to Russia itself or its banks and huge companies, I think it's hard for them to evade sanctions through cryptocurrencies. But to the Russians who are now deprived of ways to transmit money from their country to the other parts of the world and vice versa, crypto could help. Crypto could also help those who are keeping cash savings as the value of the ruble is spiraling down. And we also know that a lot of Russians are leaving the country. They are limited as to the amount of cash they could carry. Bitcoin is a great option.
It's definitely hard, but in my opinion, it's not impossible. What use is POW in Bitcoin, what use is the preservation of decentralization and censorship-resistance? How long must the protocol keep chugging along until everyone understands the true nature of Bitcoin? |
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They can evade sanctions if they use gold, yuan or some other local currency too. The thing is, they won't be doing any trades with the countries that sanction them anyways so It doesn't matter what they use. Let's say Russia is trading with China. Does it matter if they use crypto or Yuans? Both countries see each other as allies... If you think the US companies will do business with Russia and evade the sanctions I think that's a very big problem for the US.
Sending and getting the Gold to evade sanctions will be risky because of issues with portability. Using Yuan, and other fiat currencies will only strengthen that government's political influence over you. Plus it requires trust over centralized entry, and exit points which could censor you. If only if someone invented a protocol that's open, permissionless and neutral. |
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Did the El Salvadorian government already issue their Volcano Bonds, and have the money ready to buy $500,000,000 in Bitcoins? Or are they waiting for a good discount? There are Bitcoiners in Twitter saying that they might get a "good deal" this year. |
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Greta loses the fight if they all open their coal power plant.
Do people really listen to her? She talks, but is she, and people like her, willing to take the economic sacrifices to truly save the environment? I think a minority of people do in fact listen to her, however their idealism goes down the drain the moment they need to pay the higher energy costs that following someone like her will generate, so as soon as people are confronted with the reality they will have to pay way more for their energy and they have to decide whether to reduce their energy consumption, pay more for the energy or select an energy source which is not as friendly to the environment most people will select the third option without even thinking about it. It's also so ironic that the same people who listen to her are also be the people who might not want to make the sacrifice to save the environment.  OR as illustrated by that MEME, the people who might have selective viewpoints on where and where not to drill oil for example. I believe we should merely accept some ironies of life, to not be bothered by toxic people. Because it's all just propaganda. Greta is just a product of propaganda. Who would risk the country's economy and stop drilling oil when the government has to make money. They thought the world will follow if they ask everyone to use renewable energy only. That's too good to dream of. This is easy to solve and the war could even be avoided. But because it already has spread, I guess we're all in this deep situation. I don't think Venezuela or Iran or other oil producer countries will come to the rescue when all of them were also sanctioned before. They're all going to ask for their biggest deal. Remove all sanctions forced on oil producing countries? Hahaha. Or simply, a group of countries secretly stop following U.S. sanctions, probably a country like El Salvador, and make secret deals with Iran/Venezuela, and use a censorship-resistant protocol as a medium for settlement of payments? This will weaken the U.S. Dollar, and weaken political strongholds made through the U.S. Dollar. |
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