ChartBuddy
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September 16, 2022, 09:04:53 AM |
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somac.
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Never selling
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September 16, 2022, 09:08:28 AM |
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For all those concerned about recent price action just know that it won't last for that much longer. All markets are currently being driven by the actions of the CBs. Whether interest rates matter or not is not the point but the psychology certainly does. Anyway, lets see if the CBs continue to increase rates into an obvious deflationary (massively so) environment. https://twitter.com/AndreasSteno/status/1570491515624882176?cxt=HHwWgICw-c3twMsrAAAACBs have only till the end of this year. After which their credibility will be blown again. Don't think they will continue with the interest rates increases for much longer. Maybe they will get to about 4 or 4.5% tops before pivoting after which we will see a massive rally in all markets. There will still be inflation but that will help markets also. One key driver to the economy (at least here in the UK) is the housing market. From what I've heard that is already getting stuck in its gears, regardless of recent news articles saying we have had 15% year on year house price increases. Those were July figures based on sales agreed back in Feb / March mostly, well before the majority were concerned with energy increases, inflation etc. Many of us here saw it coming, but the average Joe only heard about it much later. Yep that's pretty much it. Current high inflation will drop, but after that we will have increased structural inflation, brought on by the fiscal responses to the upcoming deflation and other stupid government ideological reactions. Housing is a big driver, and was a large part of the latest core inflation increase coming from the US. But every housing market in the west (not just the UK) is now falling at a pretty fast rate, when this caries over into the very lagging core inflation every CB and government will go into panic mode. As you say markets will rocket. In this instance it is better to be early than late.
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MusaPk
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September 16, 2022, 09:58:22 AM |
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Trigger warning Honestly, Ether got pretty useless by the merge, and as usual, useless things tend to become worthless. No question that this coin was never meant to be decentralized and free, because there would have been no switch to PoS. It would not be the worst if Ethereum would get hacked, i mean big time. Even though it would hurt crypto a lot and Bitcoin a little bit too, it would lay out the basic plan for Bitcoin moving forward. I can understand those motivations, like " saving energy", "saving climate", "getting more appealing in a CO2 way of things"... and so on, but this type of hysteria isn't very objective. The underlying assumption is that Crypto is obsolete, some nerdy hoax trend that outgrew itself. Do you by chance think about NFT as well, while finishing to read the preceding sentence? *lol* If Bitcoin would be understood as a tool to manage wealth, it has to seem useless to the unwealthy ones. "Wasting power" is only the cream top. Something important as food can rise in price, need magnitudes more of electric energy for maintaining production and distribution, almost nobody would want to "ban food". Bitcoin has to become more imortant, then it won't be fought as much, people would want to learn how to use it. At least one of the main competitors is now getting slowly drowned in uselessness. #KingDaddyForever GN WO Now see what Vitalik has to say about saving electricity or moving towards green blockchain. Honestly I don't think world 0.2% Electricity is going towards Ethereum blockchain at first place. Secondly, those who have bought expensive GPUs for mining ethereum will move to some other chain, they won't throw away there mining equipment just because they can't mine Ethereum anymore.
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ChartBuddy
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September 16, 2022, 10:01:17 AM |
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OutOfMemory
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Man who stares at charts
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September 16, 2022, 10:07:23 AM |
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Trigger warning Honestly, Ether got pretty useless by the merge, and as usual, useless things tend to become worthless. No question that this coin was never meant to be decentralized and free, because there would have been no switch to PoS. It would not be the worst if Ethereum would get hacked, i mean big time. Even though it would hurt crypto a lot and Bitcoin a little bit too, it would lay out the basic plan for Bitcoin moving forward. I can understand those motivations, like " saving energy", "saving climate", "getting more appealing in a CO2 way of things"... and so on, but this type of hysteria isn't very objective. The underlying assumption is that Crypto is obsolete, some nerdy hoax trend that outgrew itself. Do you by chance think about NFT as well, while finishing to read the preceding sentence? *lol* If Bitcoin would be understood as a tool to manage wealth, it has to seem useless to the unwealthy ones. "Wasting power" is only the cream top. Something important as food can rise in price, need magnitudes more of electric energy for maintaining production and distribution, almost nobody would want to "ban food". Bitcoin has to become more imortant, then it won't be fought as much, people would want to learn how to use it. At least one of the main competitors is now getting slowly drowned in uselessness. #KingDaddyForever GN WO Now see what Vitalik has to say about saving electricity or moving towards green blockchain. Honestly I don't think world 0.2% Electricity is going towards Ethereum blockchain at first place. Secondly, those who have bought expensive GPUs for mining ethereum will move to some other chain, they won't throw away there mining equipment just because they can't mine Ethereum anymore. Unless these claims are not backed by science and maths, they are just as useless as Ethereum itself. #justanotheruselessquote
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BitcoinBunny
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September 16, 2022, 10:14:29 AM |
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ImThour
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Bitcoin Bottom was at $15.4k
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September 16, 2022, 10:28:43 AM |
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I don't understand how this merge stuff made Ethereum deflationary. I see it's still increasing supply. Didn't they promoted ETH Merge as equivalent to 3 Bitcoin Halvings? https://ultrasound.money/I don't get it.
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BitcoinBunny
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September 16, 2022, 10:42:34 AM |
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I don't understand how this merge stuff made Ethereum deflationary. I see it's still increasing supply. Didn't they promoted ETH Merge as equivalent to 3 Bitcoin Halvings? https://ultrasound.money/I don't get it. After The Merge, only the ~1,600 ETH per day will remain, dropping total new ETH issuance by ~90%
All made up claptrap if you zoom out. Tinkering with bizarre solutions for the exact problems they created themselves.
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ChartBuddy
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September 16, 2022, 11:03:24 AM |
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heslo
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ChartBuddy
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September 16, 2022, 12:01:21 PM |
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philipma1957
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'The right to privacy matters'
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September 16, 2022, 12:44:59 PM |
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For all those concerned about recent price action just know that it won't last for that much longer. All markets are currently being driven by the actions of the CBs. Whether interest rates matter or not is not the point but the psychology certainly does. Anyway, lets see if the CBs continue to increase rates into an obvious deflationary (massively so) environment. https://twitter.com/AndreasSteno/status/1570491515624882176?cxt=HHwWgICw-c3twMsrAAAACBs have only till the end of this year. After which their credibility will be blown again. dude the us fed is killing crypto especially all usd pegged stable coins. 9.62% on an i bond. and with inflation still high the oct 1 adjustment will be in the 8-10% rate. this means high rate last longer. if I buy 5000 today i get 9.62% for next six months. when oct 1 comes rates adjusts to say 9.5% so I buy 5000 more which lasts six months and on March 31 i buy 5000 which lasts six months. that is key as it means the oct 1 adjustment in effect lasts for 12 months not 6. since you can buy early oct 1 get six months locked in and buy late march 31 and get six months. one more high number in april of 2023 means stable coins and eth get heavy attacks via the i bond move. So I think the us fed will attack all of 2023 and maybe 2024. it is deliberate and so far it is working
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cAPSLOCK
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Whimsical Pants
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September 16, 2022, 01:00:36 PM |
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Guys... I'm conflicted. What are you supposed to do when a crime has been committed and you have reason to believe you know who did it? I just don't know what to do!
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ChartBuddy
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September 16, 2022, 01:03:24 PM |
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nutildah
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September 16, 2022, 01:44:41 PM Merited by BobLawblaw (13) |
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Guys...
I'm conflicted.
What are you supposed to do when a crime has been committed and you have reason to believe you know who did it?
I just don't know what to do!
Looks like Bob finally had enough of *checks recent Bob posts* neighbor farmers.
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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I just don't know what to do! I ADMIT NOTHING!
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ChartBuddy
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September 16, 2022, 02:01:16 PM |
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OutOfMemory
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Man who stares at charts
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September 16, 2022, 02:08:09 PM |
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Guys...
I'm conflicted.
What are you supposed to do when a crime has been committed and you have reason to believe you know who did it?
I just don't know what to do!
Looks like Bob finally had enough of *checks recent Bob posts* neighbor farmers. Bob's got some of these in reserve for his neighbors fo sure
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serveria.com
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Privacy Servers. Since 2009.
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September 16, 2022, 02:10:06 PM |
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Guys... I'm conflicted. What are you supposed to do when a crime has been committed and you have reason to believe you know who did it? I just don't know what to do! OMG, Bawb's in NYC? Busted!
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