ETH heading for 3k and BTC heading for 40k tonight/tomorrow, see what happens then. This is sickening though, 4 times what I left on the table this time compared to Christmas 2017 🤢
Edit: If it crashes into a bear that is...
Yea, without looking at a chart at all its about 8€ off being mentionable.
It was already low before current drop in the rest.
Only war equalises
The whole austerity, low interest model, has resulted in historic wealth inequality. We've been telling people forever we must avoid inflation but its sort of the great equaliser
But if the wealthy own all the assets and the price of the assets (i.e houses) are rising with inflation then how is inflation the great equaliser?
I'm talking wage inflation. Wages have been flat forever. Interest rates are still super low. This is why house prices and stocks are so preposterously overpriced. Anybody who bought assets in the last 40 years is racing ahead of anybody drawing a wage. This has also meant the wealthy have been able to accumulate assets at an amazing rate concentrating so much of the money among a very small number of people. The whole austerity, low interest model, has resulted in historic wealth inequality. We've been telling people forever we must avoid inflation but its sort of the great equaliser.
Yes there's a certain amount of covid/brexit related inflation but that's temporary. It's just products in shops or building materials cos the supply chain is fucked. Nobody is getting mad wage hikes in the long run because job markets deflationary you'll just get replaced with some lad in eastern europe or asia who'll do the same job cheaper, doubly so when this remote working stuff gets properly established.
Now I'm trying to make some money in crypto assets so I'm not pro inflation but I don't look at crypto as some sort of great democratizing presence either its completely skewed towards people with more capital, or time rich people which is another type of privilege.
Inflation in the EU is 5% and realistically higher - plenty of stuff has massively increased in price
The only reason the US money printing isn't having any real effect is because the whole world is printing money after covid - but that's gonna change in the next year
Inflation has been relatively flat for 40 years. The whole point of the money printing was to create inflation to reduce asset prices and reduce the emphasis of property and stock hodling. Of course then all the retail investors put their extra wages into accumulating assets and companies bought back their own stock pumping prices up so it's had rather the opposite effect.
The money printing should definitely hurt bitcoin in the long run not help it though. It's a store of wealth so if you've got plenty of dollars you don't need to stack digital gold.
People think that the dollar will somehow diluted and never recover but the government can just mop all the excess money up with more taxes and burn it, just like all these inflationary cryptos are doing. Being deflationary like Bitcoin is isn't necessarily a winning strategy. Maybe its losing value while many alts go up because it's too 'good' a currency. Gresham's law is a maxim that bad money beats out good and it could well be the case in the long run. There's a reason we don't use the gold standard anymore.
The US Government have a lot of tools at their disposal to ensure they remain the defacto currency of the world.
:-)
Trezor?
Safely tucked away in my wallet.
( I suppose being able to understand one paragraph is a start)
Maybe naieve of me to still believe in the goodness of man.
Where is your conscience man?
Starts to even out if you look at the 6 month change tho. Then you can pretty much reverse that meme when looking at the 1 year change.
I was raging I picked up link at €27 in November. Happy now. Always a long term hold, but short term prices always pull at the heart strings.
Staking coming within the first 2 quarters confirmed by Sergey
everything dumping and Link a pumping
Someone predicting the demise of Bitcoin. How original - how many is that now?
I'm a bit mystified at how steep the selloff is. We saw a bullish outlook for bitcoin from Goldman Sachs yesterday. 18 institutional investors invested $100m in Serum, a decentralised exchange software company. A sell the news combined with the fed and Kazakhstan news maybe?
More share in the market for me I suppose so shouldn't complain.
Price usually moves with hashrate but lower hashrate makes it easier (cheaper) to mine.
Might be a stupid question but how does a drop in miners effect the price?
Maybe they'd putting the squeeze on for good reason if the bitcoin mining industry is affecting the populace's ability to before energy...
Crypto is here to stay but bitcoin is finished. It does far more harm than good and its altruistic beginnings have given way to speculation for the benefit of the few at the expense of the many.
Hard to know what is having a bigger impact on the BTC price: the signalled hike in interest rates, or the energy outages in Kazakstan affecting the miners. If nation states keep putting the squeeze on the miners limiting where they can operate, what will happen to the BTC price in the medium to long term?
People were saying it could be an inflation hedge but it is volatile. Check it over a longer period.
I thought BTC was free from the shackles of inflation and should not be impacted by it? On the contrary, it's looking like it could take a hammering every time an interest rate hike occurs ... which is a policy response to inflation. The US could be looking at 4 rate hikes this year alone.
Printing money is never free. Inflation was inevitable.
Hate to be a fudder but if the market reacts like this every time interest rates are raised, and that happens a few times in 2022, and that will tighten money supply, and stimulus' stop as we get a hold of covid.... I am not optimistic in the short term
https://forkast.news/headlines/the-sandbox-names-mega-city-partners/
Interest rate hike in the US on the cards. Talk of fed selling of assets too. Bad for the market over there if it happens. Also China production is down and Covid might get bad over there.
Who knows what will happen next?
Got a solairdroppass NFT where they drop NFTs into your wallet. First drop is in progress now.
Also a LuckyLotto NFT where you get 3% of casino profit split between holders up to 30 sol in 3 days in the pool atm (1200 nfts). Www.lucky lotto.dev. Launching poker and Casino next.
both on magicEden.io now. 0.7 sol and 2 sol each.
And here we go crashing right down
It's safe as houses 😂
A clear Degen play but waiting to see how it pans out
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