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Australian residential land is now worth more, relative to GDP, than residential land in Japan at the peak of the epic 1990s bubble.
Every traditional finance analyst talking about #Bitcoin
, whilst global bond and equity markets are shedding literally trillions more in value.
I must have ADHD. Multitasking reading Red Notice by @Billbrowder (highly recommended), watching the US Open and checking in on the ongoing collapse of crypto. #Bitcoin is shedding $1,000 every couple hours. At this rate it was be zero by Father’s Day.
Isn't it lucky, we have never have boom and bust cycles with inflationary currency! Not prone in any way! twitter.com/AydinGhajar/st…
Genuinely curious as I am not quite privy to discussions on Merge timing. Last I heard it was August? Is there a plan to push the difficulty bomb in the near term?
High conviction $BTC buyer reporting in, confirming that this assessment is both false and uninformed.
The reality is the BTC narrative is dead. There are no new nation states adopting it, and for those that have already adopted it things haven't gone so well. There are no large institutions successfully using it as a SoV. As a result, there are no convicted buyers.
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I even had to revise down the prices of LUNA and UST as I drafted this tweet, down an additional 20% in the time it took me to copy paste my tradingview charts...
Bull market things, am I right...?
Which of the above more accurately describes the current #Bitcoin market environment?
Sideways and volatile.
With so many people calling for melt ups and melt downs, maybe the pain trade is to chop sideways in risk assets for a long time.
Honest question, what benefit does this offer over Coin base, bin4nce or Deribit?
As we have always made clear, for regulatory reasons we do not allow US or sanctioned persons to trade on dYdX. Users always retain their ability to withdraw funds from the protocol. All restrictions are imposed by dYdX, not Starkware.
Meanwhile, in the real world, Hashrate and difficulty are at all time highs, and the cost to mind continues to decline due to grid efficiencies.
@twobitidiot The PoW debate is so stupid because BTC is going to have to PoS anyway after the inflation subsidy drops below 1%. Total long term non issue.
Still, LN is a long way from solved, under no illusions here. Promising, but need to see it.
Hard money fixes this.
One of the best things we could do for the environment would be to end planned obsolescence. My dad’s chest freezer has ran continuously since the late 60s and is still doing the work. Bring back quality manufacturing. There are creative ways this could be incentivized.
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Yeh, this is the result of a bear market, not lightning.
Roughly a year ago the #lightningnetwork
took off on #bitcoin. The on-chain transaction fees instantly started to go down and remained low ever since. Growing number of transactions sent at lightning speed with rock-bottom fees both on-chain and off-chain. 
At least the attempt to make #Bitcoin Proof of Stake makes sense today...
Uranus still says the bears are wrong tho...
Today I've decided on-chain analysis is useless, moving forward will strictly be following astrology for my market outlook.