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281  Bitcoin / Development & Technical Discussion / Re: SatoshiVM - "A New Era For Bitcoin" on: January 15, 2024, 02:23:48 PM
the inefficient method of bringing NFTs and Tokens in Bitcoin through Ordinals


They never did that. Bitcoin protocol does not support Token creation. What they did through Ordinals exploit was to inject arbitrary data into the Bitcoin blockchain.


Whatever you call it, it doesn't change the fact that the BRC-20 method of minting tokens is inefficient, expensive and it's very annoying for users who want to use the network for financial transactions.

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Do we need another sidechain? Liquid and Rootstock already exist, while Drivechain still in development. In addition, many things available on SatoshiVM already offered by one of those. For now there's little technical detail, so i only say the author should explain why Bitcoiner should use SatoshiVM rather than other sidechain.


Basically this ^

We already had a couple of projects that were more mature than this one,


But no one truly adopted them, and because Bitcoin is permissionless, any developer could build on top of it and try to debate for a better, more efficient solution.

Quote


and they all lack popularity simply because token creation lacks popularity and utility! This is why they performed the Ordinals Attack like this instead of taking it to an actual "token platform" like Rootstock for example. They needed the hype to make money and of course to attack bitcoin...


"Lacks popularity", but those users did congest the network, forcing everyone to pay for higher fees if they wanted to make a transaction on-chain.

"Lacks utility", but those users' idea of "utility" or usage IS the making money part of the system.

But we digress, let's talk about technical features of SatoshiVM, the pros/cons, and why/why won't it work.
282  Economy / Economics / Re: China's real-estate sector is NOT doing well, it might bring whole economy down on: January 15, 2024, 10:29:30 AM
What China should probably start doing is incentivize young couples who have more than two children with tax-cuts and other forms of government subsidies.

Eh ..franky1, you know when numbers are involved he usually quotes the wrong ones and then he throws a fit when pointing that out. I got used to!

But you solution won't work either, because...well it was tested and failed!
It's pretty much the same thing as in the west, the cost for raising wo children are high and China has a another problem, it is treated in the west as a joke and most of it is meme material when you have kids in the 2nd grade being prepared for 6 paths in their career life but it's a highly realistic thing there and unlike 1980 and 2000 when this was still achievable with minimum education right now the costs in a far more competitive close to dystopian system are nuts.

I've read a page on this , I till try to find it again when I had time that compared the madness of getting you kid in a certain school/high school/collage to the animalistic behaviour of the strangest of the cubs, but it that case it was about the one getting the most food in here is about the parents knowing they won't ever have food for two or three so choosing to have just one!

As the wages increase and things get more expensive the cost of raising a child in the major cities outclasses the one in the western world,  there are clinics that charge you $15k for a birth and $40k  per month for the postpartum period, there are repot of people paying $20 000 to have their address temporary moved to another district so their kid can enlist in some different school, one can't even grasps the madness that's actually happening there.
Remember we're talking about a country that's still heavily enforcing the hukou system.


You're right, plus because a falling birth rate, which also leads to an aging population AND which actually puts more tension and demand on the younger age demographic to support the older generation through more taxing/pension schemes, WHICH would also mean that they should work harder/longer hours WOULD cause birth rates and fertility rates to fall further.

China has shot themselves in the foot, and an economic recession now would definitely place them on a harder path to recovery. They should probably turn on their money-printer and risk inflation.
283  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 15, 2024, 10:15:26 AM

[edited out]
Plus people in the topic who are convinced that there will be "NO MORE MAJOR DIPS" should stop thinking binarily and start thinking in probabilities. Because with the macro-economics looking bad in major economies like China and the United States, it could start a systemic event that might take the economies in different regions around the world with them.

The unemployment data in the United States will be a leading indicator in knowing if there will be a sudden crash, and if Jerome Powell starts to pivot - For the wrong reasons. The "soft-landing" might not happen. It will be "higher for longer" until something will break.


It sounds like you keep praying for a dip that might not happen.  


Haha of course, with my strategy I'm always praying for a DIP!

But don't make it sound that the hypothesis about a possible recession caused my a macro-economic failure is not supported by factual basis. It isn't based on "prayers", ser. Simply data.

The Federal Reserve has two mandates,

- Maximum employment
- Price stability

Jerome Powell must accept that to serve one, he must disable the other. In most of history inflation was never truly curbed until unemployment rate surges, causing a recession.

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Hopefully you are adequately prepared for UP, and you are not regretting too much that you had ended up holding way too much cash in August, September and October waiting for dips that did not end up happening then, either... but hey, whatever, you do you.


My biggest purchases was during the year when I made this topic. Most of my savings until that time went into Bitcoin.
284  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 14, 2024, 01:51:07 PM

Now just to wait for a dip to hodl, and I right?

Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.

All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!

I'm surprised, expecting a DIP in this 2024, I do no think so. The market is currently recovering and I don't think we should expect anymore DIP. The DIP which we have been anticipating is now at this price for those who earlier missed buy at the $15k+, $20k+ and $30k+ as long we are still below the last ATH, I consider it a good DIP for many investors to come in.


Most people also thought this in 2020 (myself included), prior to a 60% correction. 2016 was very similar, people thought the bull market had already begun and the price was "UP ONLY", but instead there was a -40% correction and 6 months of consolidation before moving higher.

NEVER be surprised to see such an aggressive dip when not in a "full-blown" bull market. Until $48.5K is reclaimed and passed on long-term time-frames, this move (from $15.5K to $49K) will forever be a dead cat bounce, just like in 2019 as well as 2016, as it's the expected retracement level from $69K to $15.5K (61.8%).

The main difference is, after this expected retracement level, Bitcoin has never fallen lower than it's low the year before, even if it came close in 2020 due to a black swan event, so it's technically a dead cat bounce without bearish continuation basically. Even if full-blown bull markets, when price has reached a new ATH there are still dips of usually up to -35%, but otherwise more recently (2021) up to -50% now apparently. TL:DR: There are always dips.


Plus people in the topic who are convinced that there will be "NO MORE MAJOR DIPS" should stop thinking binarily and start thinking in probabilities. Because with the macro-economics looking bad in major economies like China and the United States, it could start a systemic event that might take the economies in different regions around the world with them.

The unemployment data in the United States will be a leading indicator in knowing if there will be a sudden crash, and if Jerome Powell starts to pivot - For the wrong reasons. The "soft-landing" might not happen. It will be "higher for longer" until something will break.
285  Economy / Gambling / Re: Sports betting arbitrage on: January 14, 2024, 01:35:59 PM
OP, read this blog, https://overunderdc.com/f/betting-exchanges-vs-sportsbooks-pros-and-cons

That describes the difference between a centralized sports-betting company, and sports-betting exchange which is peer to peer. The one you described in your original post is a betting exchange. A sports-betting company has its own capital at stake playing against the sports-bettors' capital.

It also describes the pros and cons of each. Cool
286  Economy / Gambling discussion / Re: Another question? Tell me your average amount per bet and your monthly income? on: January 14, 2024, 09:48:43 AM
Hello gamblers, this is a kind of survey aimed at getting to know my fellow gamblers better, particularly in the context of sports betting. I would like to know your average bet amount and your monthly income.

You don't need to provide exact figures; an estimate would suffice. Through this discussion, we can assess whether we are being too aggressive in our gambling habits or if we are playing it safe with our bets.


In Craps, I merely bet the minimum to $5.00 per roll - the minimum bet depends on the site. Sometimes it's 0.50 cents, sometimes it's $1.00.

In slots, my favorite slot-machine is Dig Dig Digger, I do a mere $1.00 per pull.

Then in sports-betting which I have just recently started doing/learning because of a betting contest, I bet $5.00 or less.

None of these bets are more than 5% of my monthly salary. I bet for entertainment and fun, but I'm also trying to win some Bitcoins to use to bet again next time, which has not been that successful. Hahaha.
287  Economy / Economics / Re: China's real-estate sector is NOT doing well, it might bring whole economy down on: January 14, 2024, 07:22:34 AM
Just lol: https://archive.ph/mOiTH

Quote
A Chinese state-media report this week cited a sharp drop in the country’s fertility rate, offering a rare glimpse into China’s deepening demographic plight and highlighting the country’s increasing lack of transparency on data.
China’s total fertility rate—a snapshot of the average number of babies a woman would have over her lifetimefell to 1.09 last year, from 1.30 in 2020, according to a study by a unit of the National Health Commission cited this week by National Business Daily, a media outlet managed by the municipal government of Chengdu, the capital of Sichuan province.

Enough real data, not projections for you?

when you use western media outlet as your source


Ad Hominem. You're attacking the source of the information instead of the debate that the information presents, which has been confirmed not by just one source but multiple sources. You should prove that all that data is wrong, which you truly can't because China does have a reduction in reproduction rates and fertility rates. It's in the data, and it's a FACT.

What China should probably start doing is incentivize young couples who have more than two children with tax-cuts and other forms of government subsidies.
288  Economy / Gambling discussion / Re: Shuffle.com ⚽ 🏈 Sports Betting Contest Discussion | Round 2 live on: January 13, 2024, 03:14:54 PM
I'm very impressed in all of you who are winning more than 20 sports bets within one week! How much are your wins + losses within that time frame? Positive?

First off don't know about others but Without the prize money  and all, definitely in the positive thanks to my strategy!!


Including your bets in NBA basketball? Want to give us plebs some guidance? Cool

Quote

Problem is many of us aim for the 1.5 odds and after two losses back to back then you are thrown off your game.. sometimes bet bigger to recoup your losses and you will survive longer but don't take my word for it...


You're right! I didn't consider the difficulty of recouping losses from 1.50 odds. But it's also a little harder to find winning bets/games that are 2.00 or better. Some luck plus a bigger amount of betting capital are definitely needed to be a winner in the sports-bets AND the contest.

¯\_(ツ)_/¯

By the way, congratulations.
289  Bitcoin / Development & Technical Discussion / Re: SatoshiVM - "A New Era For Bitcoin" on: January 13, 2024, 02:50:02 PM
SatoshiVM announced a partnership with a popular Ordinals/BRC-20 "project" called "MultiBit" - Wasn't that the name also used by an early Bitcoin wallet?

That's definitely good for ALL users involved,
https://twitter.com/satoshivm/status/1745762443513454773

Do we need another sidechain? Liquid and Rootstock already exist, while Drivechain still in development. In addition, many things available on SatoshiVM already offered by one of those. For now there's little technical detail, so i only say the author should explain why Bitcoiner should use SatoshiVM rather than other sidechain.


I don't know, that's for the community of users/the market to decide. But what I can be told is, there's demand for Bitcoin block space that could be better pushed out to a off-chain network for more efficiency and functionality. SatoshiVM offers that solution.
290  Bitcoin / Bitcoin Discussion / Re: The Debate: Should Your Business Accept Bitcoin? on: January 12, 2024, 02:39:01 PM
I had a small business selling games and video games in my city, I promoted it and implemented one of the payment methods would be cryptocurrencies: bitcoin and tether. It gave discounts to anyone who used it.

And incredible as it may seem, there was zero adherence to this payment method. Nobody has ever used cryptocurrencies to buy anything, most people don't even know how to use them, very sad and in short: we still have a lot of work to do, especially in educating and guiding people close to us.


I have debated about this before in some topic about Ferrari's acceptance of Bitcoin. I said it would be useless unless Ferrari offered large discounts if the payment was made through Bitcoin. Because why would someone do Fiat -> Buy Bitcoin -> Pay Ferrari with Bitcoin, if they could do a simple transaction of Fiat -> Pay Ferrari with Fiat?

If a user doesn't need the kind of efficiency or the censorship-resistance that Bitcoin offers, then it won't be used. To be truly used effectively, Bitcoin is a special kind of currency for "special" kinds of uses although you can still use it for "coffee-transactions".
291  Economy / Gambling / Re: Sports betting arbitrage on: January 12, 2024, 02:07:34 PM
I'm not entirely sure if sports-betting markets are wholly made of liquidity just from the pockets of the bettors. I believe the betting company must place their own money on one side of the bet or the other to keep the market balanced if there isn't enough money from the users to take the other side of the bet.

Isn't it the case that these sites don't have to be balanced and most of them aren't? that if there is, for example, $1 million in customer funds for a win and $100,000 for a loss, then we simply have a total of $1.1 million in bets, 50k takes the casino as its fee, 1.05 million remains, so if our team wins for each $1 in bet, we get 1.05 $ back, and if we bet on the team loss and we win we get $10.5 back for each $1 in bet?

So if an arbitrageur comes in and bets $100,000 on teamX lose, it just changes the win/loss statistics and doesn't change how much the casino earns? So it changes the distribution of winnings between bettors and makes money from it?

Am I wrong here?


I can't speak against your example, but simply, I assume that sports-betting companies should be keeping their "order-books" balanced to have enough money from one side to pay for the winning side. I believe they are forced to take action. But let's ask the admins in some of the most popular betting companies in BitcoinTalk. Cool

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Plus because professional arbers always win, that means they are a net-loss to the betting company because they could consistently withdraw money out of the betting company's pool of liquidity.


As I understand sports betting, the arbitrageur's profits are constant and certain, as you wrote, but they do not reduce the casino's profits but, for example, reduce the winnings of those betting on X by $1,000, increase the winnings of those betting on Y by 990$ and they get $10 out of it for themselves.


OK, let's assume that that's right. What the betting companies don't like are the same people winning over and over again/who keep withdrawing money from the site. If they also find out that those users don't take risks, and merely take advantage of small odds differences, then that's especially bad not just for them, but for the other users as well.
292  Economy / Gambling discussion / Re: Shuffle.com ⚽ 🏈 Sports Betting Contest Discussion | Round 2 live on: January 12, 2024, 11:40:22 AM
The boys came to play and brought out the big guns, and am now regretting having called out Mirakal to play in a lower league thinking 40winners would be enough to clinch a spot on the podium but seems the standard is now 50+ Wins Tongue

If we go for another round maybe I will be ready, but whoever gets to win a prize, well deserved especially in a high competitive round as this one salute🎉🏎️🏁🏆

Will be taking tips on how to win...anyone Huh


I'm very impressed in all of you who are winning more than 20 sports bets within one week! How much are your wins + losses within that time frame? Positive?

I'm not really much of a sports bettor. I have to compute how much I should lose while trying to reach the ten bet minimum, and how high I might place in the contest. Trying to win 50 bets to get first place will result in a loss, and a risk that the prize will not make up for that loss.


I'll try to show you more than 60% winning strategy for basketball in Round 3, plus for the minimum required amount to bet, I will experiment with the strategy before the official round starts. Cool

That sounds very interesting I won't be much around in the next few weeks but please tag me when your strategy is ready I am always looking for interesting betting angles.


It's more of a strategy to win the contest by accumulating winning bets than an efficient strategy to actually win in sports-betting. The odds will be low and near the required 1.50, but it might give a higher probability of winning than merely betting the favorite.

Just a suggestion, if contest will be running for more rounds in the future ...I think we should share images in view mode here on the forum as it saves time seeing what's there and authentication... probably sharing image link's looks cleaner but I prefer not leaving the forum to some domain full of ad's  Smiley For those that share images and can't be viewed am sure someone with the privilege we quote it on your behalf and everyone will view the image...

Proposed share template

Code:
Bet ID #
[img width=200]your image link in here . jpg [/img]


Or just post the link.
293  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 12, 2024, 11:27:04 AM

For plebs like us who don't have millions upon millions in capital, long term/low time preference/HODL is the only way to invest in Bitcoin.
That does not sound right.  DCA works for everyone, whether plebs or not.

In order to prepare for UP, you have to get a stake in the game, and if you have no stake in the game, then you run the risk of FOMOing when the BTC price is going up.. so sometimes a bit of front-load lump summing can be a good thing, and just planning to buy for the next 4-10 years or longer, and reassess at various points along the way.
?
What my post was suggesting/emphasizing was long-term/low-time-preference investing is much better for low capitalized plebs like me than a more active "trading" approach, which opens the pleb to more mistakes, more emotions which also opens him/her to further trading mistakes, and a negative effect on his/her general mental well-being.
Yeah, but you and I already agree (and know) that this thread is not about trading, so there no dispute that selling in order to buy does not tend to be a good technique for anyone except maybe folks who want to learn how to trade and gamble, which results in 90% or more doing worse than if they had just bought BTC on a regular basis rather than screwing around with those kinds of selling techniques.

So then the main questions in front of you and me still revolve around our differences of opinions in regards to what kinds of circumstances might constitute waiting versus just buying right away and regularly... I think that my post largely speaks for itself.. because ongoing buying may well be better than HODL, and even if it is not better, at least it is not "the ONLY way" to invest in bitcoin.
It's merely a matter of personal preference and acting on what you know.

Sure you can account for personal preferences, but personal preferences is not going to completely resolve the potential issue regarding some practices likely being better than others, so you could exercise your personal preference and end up getting a worse result, even in terms of getting what you want.  Sometimes people do not necessarily know that it is better to do some things that might be uncomfortable in the short-term but end up having better long term results. I have argued those kinds of points several times, in order to suggest that frequently a bitcoiner who buys regularly and often might have a higher cost per BTC, but he also might end up with a larger BTC stash too, as compared to the ones who are not buying regularly and often..


But in trading and investments, there's always more than one way of doing things, no? It can't be just YOUR strategy that's profitable, but a multitude of other different strategies. You prefer to DCA, and that's OK. I prefer to save, and wait for a discount, knowing that Bitcoin cannot surge up forever. Always there are corrections and crashes, and it would be laughable to believe that macro-economics will never have any effect on Bitcoin. Because as Bitcoin matures, it has become more and more entwined with legacy markets. March 2020's crash was proof of that.
294  Economy / Speculation / Re: Retiring early with BTC on: January 11, 2024, 05:01:59 PM
So basically we need to sell the btc and a good price to cover all year's expenses and what happens if the price is at the bear market like we are now?

I think the best idea is still to use bitcoin as a digital gold or as a tool against inflation. and we can use other form of coin that has a gain on it like the ETH or BNB


Perhaps the best path for many people is actually not to retire early, keep enjoying your job while you're young, AND because you have your Bitcoin as your fall-back, not worry too much about your retirement. What will a person do if he/she retires early? He/she will just sell and spend every Satoshi he/she has worked hard to save.
295  Bitcoin / Bitcoin Discussion / Re: DCA (Dollar Cost Averaging) method is a simple way to invest in Bitcoin on: January 11, 2024, 04:45:43 PM
Honestly, I never knew hourly DCA existed until now. I understand that it might not involve buying every hour but I don't really fancy it. Daily DCA is good especially when you're a trader and when you're making profit on a daily basis. Weekly or Monthly DCA is perfect for me, you don't really have to put yourself on unnecessary pressure to buy and stack. I think the size of your pocket and how frequent you've funds coming in will determine what method is best suited for you.


It's merely personal preference. Some people like to save fiat and wait for the DIP and better opportunities, while other people feel more comfortable in weekly/monthly DCA. But whatever strategy you decide to use, as plebs, we should avoid FOMO/buying in excitement during a surge. It happens a lot when Bitcoin moves fast after buying high. Instead of actually HODLing, if the price suddenly goes down, many plebs sell with a small loss then FOMO back in again at a higher price during another surge.

¯\_(ツ)_/¯
296  Bitcoin / Development & Technical Discussion / Re: SatoshiVM - "A New Era For Bitcoin" on: January 11, 2024, 02:30:25 PM
It looks great, but don't expect Ordinals to go there because nobody is interested in actually developing it, only printing money off of it.

And for a second layer to be successful, it needs an ecosystem around it, which is only possible by quickly gaining adoption.


Probably not, but I don't expect the developers who want to actually build something use Ordinals as their main platform for their projects. Perhaps digital artifacts collectors that are willing to pay and want to store their "art" in a bank-vault which is the Bitcoin blockchain. But BRC-20 token ponzis? I believe they will look for something more efficient, convenient, and cheap that will offer more utility.

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Whether or not Turing-complete programs are needed for Bitcoin, and by the community, is debatable. But because it's going to be built within its own off-chain network then it shouldn't truly be a problem on-chain.

If it's gonna be off-chain then who's gonna care? Nobody will need to worry about fees and bloat if it's not using precious block space.


That's the point.
297  Bitcoin / Development & Technical Discussion / SatoshiVM - "A New Era For Bitcoin" on: January 11, 2024, 08:16:17 AM
SCAM

Probably the best solution to replace the inefficient method of bringing NFTs and Tokens in Bitcoin through Ordinals is an off-chain layer called Rollups, WHICH, will bring Ethereum-style smart contracts and Turing-Completeness. Whether or not Turing-complete programs are needed for Bitcoin, and by the community, is debatable. But because it's going to be built within its own off-chain network then it shouldn't truly be a problem on-chain.

Quote

SatoshiVM is a decentralized Bitcoin ZK Rollup Layer2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, using native BTC as gas. SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications.

We have improved a method that can verify the correct execution of arbitrary functions on Bitcoin, making it more suitable for Layer2 block validation. Verification System of SatoshiVM is a system that can ensure the accurate execution of Layer2 blocks on Bitcoin. This system does not require any modifications to Bitcoin itself. It is capable of confirming whether a series of Layer2 blocks are executed correctly on Bitcoin without any changes to the existing infrastructure. This allows Bitcoin to serve as a settlement layer for Layer2, enhancing the security of Bitcoin Layer2 transactions.

The system leverages the features of Taproot, which enables the representation of the execution process of a set of complex functions through a single hash. By fully executing the ZK proof process off-chain for a block and verifying the proof on Bitcoin through Taproot, the system ensures the validation of blocks. Additionally, when the block miner on Layer2 sends each block validation transaction, they also submit the hash of the corresponding block data and proof data to Bitcoin. Subsequently, anyone can use relevant hash submitted to Bitcoin to obtain comprehensive data from a specific DA layer for third-party verification of Layer2 blocks.

https://github.com/SatoshiVM/whitepaper/blob/main/README.md


Merely starting the converstion, and to start learning from all of you!
298  Economy / Gambling discussion / Re: Shuffle.com ⚽ 🏈 Sports Betting Contest Discussion | Round 2 live on: January 10, 2024, 11:37:50 AM

I made that observation too. I thought the NBA would give the less volatile opportunities for getting winning-bets for the contest, and that the NFL would give the higher amount of wrong decisions. It's actually in the opposite direction. The NHL has also been kind to me in picking favorites.

¯\_(ツ)_/¯

Furthermore, I have already made more than ten winning-bets which hopefully qualifies me for one of the prizes. Plus if there's a Round 3, I have a new strategy for the NBA.

Really wonder if anyone can beat the NBA markets long term. I guess the handicap markets are beatable but too much work involved.


I'll try to show you more than 60% winning strategy for basketball in Round 3, plus for the minimum required amount to bet, I will experiment with the strategy before the official round starts. Cool

Quote

I am sure that I won't win any prize in this contest there will be or already are people who will place 100+ bets per day until deadline.


If you're too sure you wouldn't win, where would that place me? Hahaha.

Quote

Only way to counter it would be to do the same but I have no clue about markets which I never heard of.
So will drop out and I already failed my personal challenge after adjusting my stakes and placing useless NBA bets Cheesy
Anyway best of luck for your bets and see you next time.


Smaller bets, with a bigger deposit. Although it will be very hard to compete against Gennady who probably has thousands of dollars in his account.
299  Bitcoin / Bitcoin Discussion / Re: SEC Grants Approval For Bitcoin ETFs -- HOAX on: January 10, 2024, 11:24:59 AM
I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?

Ark's ETF has a final deadline today, they will definitely get a vote on it.
The others don't have the same deadline as Ark:



but everyone speculates that the SEC will approve more of them if they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.


But if ARK gets a "NO"? Cool

I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?

The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
300  Bitcoin / Bitcoin Discussion / Re: SEC Grants Approval For Bitcoin ETFs -- HOAX on: January 10, 2024, 09:11:50 AM
Their official representative X account was compromised, it's okay because X is not their home but they must at least secure their account properly. As a governmental agency, they must have enough security layers to do this for their account.

They even can go further by saying their official website is compromised and no announcement about approval will be made. It is another big joke if they do this because announcement can be made online or offline and online announcement is not a gold standard for official announcement.

SEC. is exaggerating importance of X and social media.

Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.

There have been many comments sent to Elon asking him to check the IP address of SEC's account X to know exactly whether they were really hacked or just playing tricks on themselves to manipulate the market. But I think Elon will not interfere in this.


But as the owner of X, he probably should investigate the issue, and it wouldn't be very hard for the admins in X in my opinion. They could simply check the Logs of IP Addresses used by the SEC, and find if there was an IP change during the time of the attack and from where the hacker logged in from.

If the SEC is caught lying, then that should be considered a form of market manipulation, no?
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