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Can you share your thoughts on Liquidity’s impact off Bitcoin price movement and Coinbase’s potential move to Dubai.
Powell - dovish…sounds like a Pause is coming up. #Bitcoin
Next up is debt ceiling. No matter what happens, BTC wins.
And how exactly will US pay all its debt? Well let’s listen to Alan Greenspan:
https://m.youtube.com/watch?v=BWo0HvPpEtw&pp=ygUVR3JlZW5zcGFuIHByaW50IG1vbmV5
Typo: instead of saying “buy” more bonds it should read “sell” more bonds. Just noticed this error today
Yes my friend, clearly the double standard is very troubling. But SEC has a history of banning short selling to stabilize markets.
in 2017, a Chinese company named "Midea" applied for patenting of Bitcoin mining in normal household appliances (an act that could truely decentralize Bitcoin network beyond CPU, GPU and ASICS)
This is a brilliant idea and should be explored by many other appliance companies on the planet to truly expand the Bitcoin network making it invincible...
https://cointelegraph.com/news/chinese-producer-embeds-bitcoin-mining-chips-in-household-appliances
Banks are trying to urge SEC to investigate short sellers.
"How dare these commoners short our stocks?"
Stop posting this crap 🤣😂. She is crazy! I think AOC is more reasonable when compared to EWwww
What can you possible do with even one trillion dollar coin? Go to Walmart? Who has change for such a huge amount? Even when checking out a 1 billion dollar yachts, will the builder have enough change to give me? lol
PART 2 - Edited for improved reading
So I agree when you say something will break. It will take approx 12 months for this current market situation to break...But then again, one can argue that the bank are already blowing up.
Next will be commercial real estate (as you mentioned).
Due to low labor participation rates, a decreased birth rate of now-working adults, and an increase in job openings, I believe that we won't see layoffs on a scale like that of 2008. However, COVID's high mortality rate for working-age adults and the low human capital from the lower birth rate in the 90s and beyond may lead to growth problems for businesses unless there is an increase in immigration. Implementation of AI to replace knowledge-based jobs is also a possibility, but it may cause unemployment in the long run.
In other words, if more immigration-friendly policies are not implemented, the only other way to put knowledge-based workers out on unemployment is through adopting AI (which is what many companies, like IBM, are now doing). AI will have minimal impact of hard labor related jobs such as manufacturing and construction for now.
Part 2
(This is just a collection of unstructured thoughts)
So I agree when you say something will break. It will take approx 12 months for this current market situation to break...But then again, one can argue that the bank are already blowing up.
Next will be commercial real estate (as you mentioned).
I, personally, do not think the layoff numbers will be like that of 2008 mainly because of the labor participation is low, the birth rate of what would be now-workers were low, and job openings have spiked. Even with record high salary, the labor participation is comparable to the 1980s (even with more women in the workforce). So due to lower birthrate in 90s (a going forward 2000s, and 2010s) human capital coupled with high mortality rate of working-age-adults due to COVID, it is going to be a problem for growth of a business firm unless US government opens doors for massive inflow of immigration (a hot topic in recent political campaigns). Hence, I do not think there will be massive layoffs as we saw in 2008 unless AI is implemented to replace some of these knowledge-based jobs (as we saw in the example of IBM)...But how else can you cause massive unemployment for inflation to dwindle down? Unfortunately, we will have no choice but to adopt AI and AI will eventually go mainstream to replace some of the missing human workers...
They say....history may not repeat but it surely does rhyme.
This same thing happened in 2006 - 2007 time frame.
light blue - Inflation Rate
dark blue - Interest Rate
orange - Dow Jones
Here are the time line of events:
JUN 2006 - Fed Paused rate hikes at approx 5.25
AUG/SEP 2007 - Fed starts Pivoting
PIVOT @ SEP 2007 - 4.75
PIVOT @ OCT 2007 - 4.5
PIVOT @ DEC 2007 - 4.25
PIVOT @ JAN 22 2008 - 3.5
PIVOT @ JAN 30 2008 - 3.00
PIVOT @ MAR 2008 - 2.25
MARCH 2008 - BEAR STEARNS FAILED (Rescued by JP Morgan)
PIVOT @ APR 2008 - 2.00
SEP 2008 - LEHMAN BROTHERS FAILED (Barclays Acquistion)
PIVOT @ OCT 08 2008 - 1.5
OCT2008 - Bitcoin paper released
PIVOT @ OCT 29 2008 - 1.00
PIVOT @ DEC - 0 to 0.25%
DEC 2008 - Bernie Madoff confession
INFLATOIN Collapses to negative zone briefly
JAN 2009 - Bitcoin Software released
Crazy thing is Inflation peaked in the 4% range unlike this time around and banks failed late in the cycle.
We just paused LAST WEEK and about 7 banks are gone....
The main benefactor of all this failures maybe JPM
Good point about the water and home heater. I remember seeing an advertisement for "Heatbit" a home heater. I will start running this along with Apollo BTC (desktop miner/compact size) to support the network. The decentralization has to be maintained anyway possible. Thanks for sharing your thoughts :)
The quest for cheap power can accidentally centralize Bitcoin Mining. Publishing this today so we can stay alert on this issue. Without the network, there is no Bitcoin afterall.
https://bitcoinist.com/bitcoin-liquidity-shrinks-462-btc-move-price/
This is a problem. Remember that US Gov has 200k coins and they can manipulate if enough liquidity is removed
