ChartBuddy
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April 17, 2023, 05:01:18 PM |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Biodom
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April 17, 2023, 05:56:43 PM |
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An explanation for today's move: Schwab came out with earnings and they "only" lost 30% of their deposits in the last 12 mo, which is already reflected in their price...so, no Armageddon yet. That said, the Rube Goldberg machine of the financial sector always seems to find some balance, which is amazing. On the other hand, State Street lost 10-11% today, so something is still brewing.
Since bitcoin gained quite a bit on bank's troubles, it is logical for it to lose a bit once those "troubles" are deemed (rightly or wrongly) as "diminished".
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ChartBuddy
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April 17, 2023, 06:01:22 PM |
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Torque
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April 17, 2023, 06:21:59 PM |
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Since bitcoin gained quite a bit on bank's troubles, it is logical for it to lose a bit once those "troubles" are deemed (rightly or wrongly) as "diminished".
If the Fed ever pivots on rate hikes, you can be absolutely, positively sure that banks' troubles will (in the short term) be resolved on the surface. Because nothing resolves a bank's short term problems more than more cheap debt to lend out and more liquidity. Bitcoin may temporarily pull back because of lowered rates, but it'll soon continue it's upward trajectory because (at least for now) Wall Street treats it as just another equity to be exploited. And all equities gain when debt is cheap.
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BitcoinGirl.Club
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Farewell LEO: o_e_l_e_o
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April 17, 2023, 06:50:30 PM |
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Bitcoin is going to downhill again, get as much as you want 😂
Good evening WO. Observing @ $29,550
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ChartBuddy
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April 17, 2023, 07:01:17 PM |
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puloweh555
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April 17, 2023, 07:55:39 PM Merited by JayJuanGee (1) |
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NEW - Michael Saylor & MicroStrategy converted all employee email addresses to #Bitcoin Lightning addresses 🙌 source
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ChartBuddy
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April 17, 2023, 08:01:17 PM |
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HI-TEC99
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goldkingcoiner
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Verified Bitcoin Hodler
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April 17, 2023, 08:08:41 PM |
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Sure, that is the reason why shitcoiners are doomed to a very hard time... Things were going so swimmingly for them before this
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ChartBuddy
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April 17, 2023, 09:01:21 PM |
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Gachapin
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April 17, 2023, 09:01:56 PM |
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Sure, that is the reason why shitcoiners are doomed to a very hard time... Things were going so swimmingly for them before this You can take it two ways. Many were undoubtedly burned hard, even lost their life savings, while others made fortunes. Many shitcoiners seem too naive to see what's coming. The smart * ones will probably abandon ship soon. Maybe with an exit pump.. But I wouldn't be surprised either if there won't be any nExT ALtSeAsoN that half of twitter is waiting for... *smart and shitcoiner actually seems mutually exclusive. even rich guys like Novogratz are definitely not the sharpest
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johnsaributua
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April 17, 2023, 09:31:18 PM |
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~snip~ Maybe one of the crypto currencies is sir, with all the polemic. But I focus on the picture.but more than amazing art. If this is proof of a trade who is carving his empty time. That's fun ... Branding
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d_eddie
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April 17, 2023, 09:33:14 PM |
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But not drinking at 41°C has definitely nothing to do with healthy fasting.
No mainstream religion has much to do with health anyway. Islam is one of the nastiest for health. Ask all the people killed or maimed in Iran about their health.
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ChartBuddy
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April 17, 2023, 10:01:17 PM |
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Biodom
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April 17, 2023, 10:30:45 PM Last edit: April 17, 2023, 11:41:20 PM by Biodom Merited by El duderino_ (10), JayJuanGee (1) |
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I don't support his views in general, but here is an interesting opinion from Albert Edwards (the article is the opinion about his opinion piece[which is behind the paywall]): https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/Some nuggets: "something seems to have broken with capitalism"..in his opinion (and he referenced an academic paper) due to "...that corporations engaged in “price gouging” during the pandemic". He has some data points to point in that direction: "To his point, a January study from the Federal Reserve Bank of Kansas City found that “markup growth”—the increase in the ratio between the price a firm charges and its cost of production—was a far more important factor driving inflation in 2021 than it has been throughout economic history." AE argues for price controls...puleeze, but if price gouging is true, then what to do? He predicts that price controls would be an easy way out for governments when the middle class, angry by the decimation of their living standards (due to inflation), turns against them. SEC seems to be clearing out the field for the big boys (NASDAQ, NYSE) to pounce, probably. There is another possibility, of course, but i don't want to seriously consider it.
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April 17, 2023, 11:01:16 PM |
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eXPHorizon
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Precision Beats Power and Timing Beats Speed.
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April 17, 2023, 11:32:03 PM |
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ChartBuddy
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April 18, 2023, 12:01:19 AM |
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