𝐓𝐡𝐞 𝐧𝐞𝐱𝐭 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐇𝐚𝐥𝐯𝐢𝐧𝐠 𝐢𝐬 𝐧𝐨𝐰 𝐣𝐮𝐬𝐭 𝐡𝐨𝐮𝐫𝐬 𝐚𝐰𝐚𝐲! 😎
If you still trying to figure out what the #Bitcoin "halving" is?
👉🏻It is one of the biggest events in the crypto-world that halves the rate at which new Bitcoins are created. It occurs once every four years. And now, in 2020, it is a 3rd Bitcoin's Halving & it is believed that it would be cut down from 12.5 to 6.25.
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Bitcoin Wallet Market With Forecast, Top Vendors, Industry Research And End User Analysis By 2027
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Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
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The Bitcoin had a strong rally recently due to the bitcoin halving event. The price went past $9,000 to reach as high as $10,045. It formed a double top at around $10,000 and showed signs of losing momentum, as indicated by the first arrow in the momentum chart. The price dipped to $9,464 and made a lower high at $9,787 before breaking the previously low and dipped further to $8,101.
Based on the most recent trading activities, a lot of people had taken profit between $9,700 and $10,000. When the traders saw a lower high at $9,787, they started establishing short positions in anticipation of a drop. If there is no positive news coming ahead, the BTC price may fall back to $7,760 where there was a breakout in end of April. Consider waiting for a sideway channel to form and then determine the direction of the trade once a breakout happens.
Review of the week:
Lennard Neo, head of research at Stack AM Pte., which provides cryptocurrency trackers and index funds, shared his view before the cryptocurrency’s upcoming halving, when the rewards miners receive for processing transactions will be cut in half as soon as next week, an intentional feature of Bitcoin designed to control inflation: “With the Bitcoin halving fast approaching, we believe a short-term pullback is highly likely immediately post-halving, as traders begin taking profits. In the longer-term, we can expect Bitcoin to register significant price appreciation toward the end of 2020 and early 2021.”
Paul Tudor Jones, the founder and chief investment officer of Tudor Investment Corp, one of Wall Street’s most-successful and seasoned hedge fund managers, says he sees the crypto asset as a hedge against upcoming inflation as central banks around the globe print money to relieve coronavirus-battered economies. Bloomberg News reported that Jones revealed in a message that one of his funds holds a low single-digit percentage in futures on the cryptocurrency and compared it to the gold trade back in the 1970s.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
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Latest Bitcoin News:
Bitcoin Has Rough Weekend as Price Slumps Back Below
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
[This is an open discussion, there is no conclusion.]
In every universe known to man, "smart money" wins because smart money is *what moves** the markets, not in words like the news or politicians, but in actual mass, worth, mathematical impact. It's a machine, sort of a hydra, so many heads they might as well be hair. I don't know who said that the kinetics of smart money are basically gravity in the universe of *valuation. Not just stock markets, valuation entirely, because the very idea of value tends to be subjective like that. It's gravity, it's everywhere, it pulls every atom in the universe. There's no "counter" force, it doesn't exist. There's no "shield" either, it just is. Smart money moves, like this guy f---s: rule of the universe, or rather convention because we say so, which is one of the main points here.
That's why you never defy smart money, if you know where it stands (that's the hard part, and no it's not a "secret"). That would be the equivalent of jumping over a cliff to prove something (spoile... oh come on.). That's why contrarians still hedge, on the side of caution. That's why people still buy houses or gold or invest in education even at the worst of depressions —if they can, after they feed themselves. That's why governments know they can pile debt like there's no tomorrow because effectively, if smart money says "there's no tomorrow" then the sun don't shine that day and it's all there is to it. Netflix still rolls as usual (arguably more, even). That's why wages can't rise too high but bonuses will.
It's the ultimate absurdity of it all: we can say just about anything like kids do in games, and it happens. We just seldom do, not really, not like that. End wars? Done. End hunger? Done. End disease? Nope, nobody can do that, so collectively saying so doesn't matter. We can vaccinate, but then it's a conspiracy to sell Windows. This absurd insight is one of magnitude, not a generalization that mankind could do wonders by wishful thinking, make magical unicorns self-multiply every 2 hours (that's not absurd but nonsensical).
But neither wars nor hunger will end, today or tomorrow, because we won't say so, not really, not like that. Because it's still absurd, even if it's not nonsensical, if it has meaning.
So let's revel on what we said already, what we have right now. It's already quite a lot, when you stop and ponder versus anyone just a century ago and forever before. And let's push the envelope where it matters, baby steps.
World finance is a big non-zero sum game, it's literally the blood of modern times, because we say so, and until we make it otherwise (for instance back to a zero-sum game, where your loss is definitely the only way to my win), and shoot everybody else in the foot and heart, like madmen. I'm all for positive pacific revolutions, whether occupying the 1% of bitcoins in Spring for global healthcare or whatever. But don't fight smart money. Don't think anyone can wish gravity away like it's some sort of choice, like it's anyone decision. It's not, not really, not like that.
Lean into it. Learn to appreciate what it means to have smart money versus every single last century in history for the real masses of people (because an alternative world without smart money but without the past is unknown as of yet). You find it awful that it keeps some parts of the world in poverty, but it's so much more complex. It's by definition not a first-world problem and can't be wished away by first-world solutions. Scholars can't solve this one from the comfort of an office in Penn because they're not over there changing behaviors.
On the field, it's people like you and me just taking the money because they can, just because we say so. Spend a month, a year in Africa, in Asia, and not just the fancy cities. See the life of "you's", there, relatively. See why things are the way they are, and how they could be much worse, and how it's not all related to some wall in some street whether German or American. Removing the blood system for everyone on Earth would be a critical suicide case of "this is why we can't have nice things", because some would have drunk the blood when they were not supposed to (see how all the common imagery fits nicely together? Not me, not my doing, for truth is built-in language so often...)
Responsibilities must be enforced however, individually as in any organization, and that is a topic for this century due to inter-dependency.
In principle, smart money is everything but "people": smart money never was "someone" or "someone-s". It's a collective, like the invisible hand of Adam Smith, but less magic, many more hands, and one shady legal persona nonetheless. And hands do transfers of money... yes, that drift (implicitely so, to keep it civil below). Smart money is why this world can breathe even when it physically can't, as 60% of the world's population is at home and yet the world still keeps happening to a shockingly good extent (all things considered). At any other time in history, it would not have been an option (it is still not, as we speak, in many countries, because people would simply starve in weeks), and that is a testament of some economic might, that I want to consider globally as a species (think less geopolitics and more Kardashiev/Sagan in this perspetive), whatever we politically feel about it, whatever we'd say in a debate of "should we and how?", this episode 2020 is definitely a major feat of the human race.
And that was in urgency. Now give it 10 years, and if we do any sort of decent preparation, in terms of infrastructure and knowledge, we could pretty much operate the world while most of us work from home, given the level of technical progress we've achieved. This was the promise of mechanization and machinery all along, right? To be able to just press a button? And wherever that button is, post-internet? (self-censored bad javascript joke)
But this event is also proof that some of the richest countries on Earth right now "can't have too many nice things" because their economy is profiled in such a way that does not allow for it, even if (some of) their life depended on it (quite literally so I'm afraid). It's a choice, at the very least, to continue in that direction, or not, and the reasons, the hierarchy of values that defines each of us individual and collectively, is much wider than this topic. But "smart money" will be right about it however, because smart money is what will make "it" happen, whatever it [the next new world] happens to be. You don't want to be on the wrong side of that, it's a bit of a historical fork.
You also should know that in consumerism, voting with a wallet is what ultimately drives smart money;
that in investing your wallet has 100× more impact on your values regarding the world and moving needles;
and that in post-internet times your very behavior online is part of that equation as the human kind gets abstracted in big data. Whether your behavior (bots/AI of tomorrow) or your browser history (rest assured that sentiment is meaningful however, it's normal to visit things we have negative feeling about, know thy enemy and all that). The world is nothing but what we make of it, online or not.
Now to address the elephant in any room with "smart money".
There never was any formal conspiracy, it's all an informal convergence of interests, no more no less. (not a cataclysm yet, no joke either). Face it, Adam Smith won that battle, because the thing is now so massive and so complex that nobody has a god damn switch to really move it at will (those who do are regulated but in the grander scheme of things... nobody can give ±100% to the S&P over the next 10 years, nobody has that kind of power anymore even as a collective. Kings are truly gone). The invisible hand was a self-fulfilling prophecy, is all.
It's a form of collective agreement (true, though distorted) quite special to our modern era. It's sensible because it empirically prevents upheaval, promotes growth, progress and stability, within the context of its existence (no way to affirm this would be true in all external conditions). We learned however that it's important to promote a system that doesn't generate as much inequity, that's apparently the only real cataclysmic part everyone and their mother should be worried about (because it tends to be proven in other sciences that it decreases life expectancy globally, and a slew of other social problems do worse).
Smart money is all these things, and more. You may have a specific definition today— I'm eager to read some in the commentary —but smart money is a more general idea that predates and outlasts most particular historical snapshots we use to describe it (cue rolling eyes on claims that "it's all because the Fed" or this person did this thing with gold... it matters, a lot in the short-term, don't miskate my words; but it matters not when you try to navigate this historical period versus other historical periods, not knowing what this one actually is but in hindsight, thus the ultimate significance of events).
You don't know that gold will triple in the next 8 years and 10× before 2040.
You don't know that my predictions are as good as my love for science-fiction (definitely lacking and I blame time). Our knowledge will always be partial, so it's sane to focus on what we know. Smart money knows:
Reforms will be needed fast before more dire circumstances remove the "business as usual" card from the hands of decision-makers (it will happen, whether a really bad virus, a war, natural catastrophe, terrorism.. still 80+ years to go for this century, we've not completed 20% so far). So we have 6-12 years to do the job give or take, and the best will be there by 2023.
UBI is basically the conclusion of the Tobin tax that never was, and seems like a decent approach to me (but muh opinion, who cares), if it can be indexed to the financials of its region (fact however, inflation is the big enemy of redistribution, more so than otherwise). I have no idea what smart money thinks, no one does remember, but it's already what European countries do in monetary mass redistributed /GDP per persona, only framed in a much more "universal" fin/math way indeed.
Pushing on virtualization and "remoting" humans to increase worldwide collaboration is also a great avenue of improvement (for quality of life, anti-fragility of society, etc) that's been demonstrated as totally feasible within 5 years or so. Collaterally automating big logistics/production centers with non-biologicals (robots, self-sanitizing buildings, etc) is a strong path to a few decades of economic prosperity as we transform infrastructure and eliminate all menial jobs of the 20th century and transition to the next paradigm. Not what I intend to discuss here, it's another topic, but it's really just the right part of the S-curve for this domain now 80 years in the making (see, again, sci-fi for references, if Boston Dynamics isn't enough).
So, smart money. Talking to you know, whether a cog, a hair in the machine, or more figures than my hand has fingers happening to read by. Know what you built, others before you, previous versions of the machine; and know what's left to do, find the best makers of that, and invest on.
The rest of us, the "less smart" I guess, it's pop-corn time for the next decade. Please mind the reapers though, they announce fortunes to be made but tend to leave a lasting mark if you touch one. Happy r/investing.
Signed: not your financial advisor
(but I had moved almost all-in cash before the pandemic hit, so I guess I'm not that un-smart after all, I suppose I'm not alone sitting this one out. Such is my skin in the game if you want to weigh this view, as I'm really not just talking). Speaking of which, gotta head back to work. Hope this was at least an entertaining read to whoever made it this far... | edit: typos+clarifs
The halving is the process of slicing the bitcoin reward in half. Hence the name. Currently every 10 minutes there is a bitcoin "block" mined which rewards the miner with 12.5 bitcoin for mining.
After the halving the reward every 10 minutes will reduce to 6.25 (cutting it in half). This event happens roughly every 4 years. And itd awesome its going to be on election years!
The most obvious question people here are asking : "WiLL ThiS MaKe PrIce gO Up lIke MoON"
Dude. Who knows? Your guts only can answer this question. Sure, you can look at historical data to best analyze the future outcome but as we all know with honeybadger bitcoin - it don't care about its price and it will go up, down, sideways, and REVERSE!
past performance is not indicative of future events.
A lot of us here are thinking that the price will more than likely drop the day of the halving cause of the typical "buy the hype. Sell the news" action. There are so many people hyping up halving event like its going to immediately cause a supply or liquidity shock. It may do it instantly. It may take 6-18 months before we feels the effects of the halving.
Should you buy now or after the halving?
If you experience a bitcoin event. Price movement event, or halving event. Or conference event. And if you're asking this question. The answer will always be NO. WHY? because you clearly don't have a plan and people who enter the market without an entry plan and exit plan, that Is written on paper always get smoked. So do yourself a favor and light a joint, sit this one out. And watch it from the sidelines. This way you do the smoking and bitcoin doesn't.
I guess throw in like the most minimal amount of money imaginable like 10 dollars. And watch that if you MUST have skin in the game. Other than that I wouldn't recommend putting cash in without a plan. This is not financial advice.
Enjoy Tuesday bros!
The halving is the process of slicing the bitcoin reward in half. Hence the name. Currently every 10 minutes there is a bitcoin "block" mined which rewards the miner with 12.5 bitcoin for mining.
After the halving the reward every 10 minutes will reduce to 6.25 (cutting it in half). This event happens roughly every 4 years. And itd awesome its going to be on election years!
The most obvious question people here are asking : "WiLL ThiS MaKe PrIce gO Up lIke MoON"
Dude. Who knows? Your guts only can answer this question. Sure, you can look at historical data to best analyze the future outcome but as we all know with honeybadger bitcoin - it don't care about its price and it will go up, down, sideways, and REVERSE!
past performance is not indicative of future events.
A lot of us here are thinking that the price will more than likely drop the day of the halving cause of the typical "buy the hype. Sell the news" action. There are so many people hyping up halving event like its going to immediately cause a supply or liquidity shock. It may do it instantly. It may take 6-18 months before we feels the effects of the halving.
Should you buy now or after the halving?
If you experience a bitcoin event. Price movement event, or halving event. Or conference event. And if you're asking this question. The answer will always be NO. WHY? because you clearly don't have a plan and people who enter the market without an entry plan and exit plan, that Is written on paper always get smoked. So do yourself a favor and light a joint, sit this one out. And watch it from the sidelines. This way you do the smoking and bitcoin doesn't.
I guess throw in like the most minimal amount of money imaginable like 10 dollars. And watch that if you MUST have skin in the game. Other than that I wouldn't recommend putting cash in without a plan. This is not financial advice.
Enjoy Tuesday bros!
Latest Bitcoin News:
Crypto-Crash: Bitcoin price falls by 15% to $8100 – Reasons for the crash
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
Doubled my $2000 into $4000 with this method.
Hello Reddit!
This is basically THE BIGGEST exploit we have ever posted on this subreddit (the g2a exploit, and chaturbate exploit are good, and still working, but it's like nothing compared to THIS ONE).
So, basically with this method you will be able to double / dupllicate your Bitcoins. (up to 5 BTC). This method abuses an exploit on a known crypto gambling website - 1xBit.
Everything is described in this eBook / Guide:
https://pdfhost.io/v/Zsc70djNv_1xbit_exploitpdf.pdf
You can read it for free only on this subreddit.
Enjoy it guys, before it gets patched and stay healthy!
