Fire Hydrant of Freedom

ETH fees, below.  BTC is a few cents.

Pl. see this map and tell me how is Russia losing the war. The purple color is Russian speaking area before the invasion and the red pink is after the invasion. The red/pink areas will not be returned. Secondly, Russia has occupied the land mass adjacent to Crimea up to the Dnieper river, such that Ukr can no longer shut down the water supply to Crimea (which they did in the past). Yes, one can argue that its taking time, but Russia does care about public opinion and will not level everything.

This man is the saviour of some.

We need the $ to pull back and up goes BTC. These days BTC also correlates to SP500.

We have to give him some time. I dont have high hopes.

May 9 is Russia's Victory Day parade...they need to show a clear victory.

Future PM of Pak. Pakis need to be emotional.

https://twitter.com/i/status/1512889808670314496

Ground breaking news from the Miami BTC conference.

1. Independent Portuguese island, Madeira has allowed use of BTC.
2. Prospera, Honduran city is doing same.
3. Mexico is considering BTC as legal tender., meetings planned with Mexican president.
4. Lugano, SWISS city already accepts BTC for everything. El Salvador uses BTC as legal tender (old news).
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Biggest News:
 Jack Mallers CEO of Strike, about whom I have talked before, has set up Lightning Payments with the 3 major payment venders. This means that you can pay with BTC at almost every shop, from Walmart to Lowes. There will be no 3-4 % commissions that the credit cards charge, transactions will be final. Payment can be in fiat currency or BTC, but over the 2nd layer BTC blockchain. I think we are moving to 1 Billion users pretty quick.

Here's a good article on the implications of the Ruble-Gold linkage
https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and

Gensler is right

Pl. be careful out there...Received this email. Never click on emails, go to a pre-bookmarked website.

Dear xxx,

 

We regret to inform you that Trezor has experienced a security incident involving data belonging to 106,856 of our customers, and that the wallet associated with your e-mail address (xxxxx) is within those affected by the breach.

 

Namely, on Saturday, April 2nd, 2022, our security team discovered that one of the Trezor Suite administrative servers had been accessed by an unauthorized malicious actor.

 

At this moment, it's technically impossible to accurately assess the scope of the data breach. Due to these circumstances, if you've recently accessed your wallet using Trezor Suite, we must assume that your cryptocurrency assets are at risk of being stolen....

History never repeats...but rhymes. Might explain a few things.

The time has come for Imran Khan to go....

Its April...Inshallah, tomorrow.

Nice interview

https://www.newstatesman.com/world/europe/ukraine/2022/04/russia-cannot-afford-to-lose-so-we-need-a-kind-of-a-victory-sergey-karaganov-on-what-putin-wants

Putin is ex KGB, I would not underestimate him. Remember he is competing with Biden!

https://www.nytimes.com/2022/03/29/opinion/ukraine-war-putin.html?smid=tw-share

Worth a read from ZH. Looks like the petro dollar will go away in due time..give it 10 years. The world has seen that the dollar can be sanctioned, Putin has said so in speech himself. Freedom has been tasted. Watch the Ruble, its now almost back to pre-sanction levels. I listen to Bloomberg and they are not talking about it!, whereas they were all over it, when the ruble was falling.

https://www.zerohedge.com/geopolitical/gotgoldorrubles-did-russia-just-break-back-west

ETH 2.0 coming soon

Here's a good thread on ETH
https://twitter.com/JackNiewold/status/1506779959242764288

Nik Bhatia writing on BTC...

"In bitcoin’s first year, barely anybody knew what it was. But by age 4, bitcoin had a massive underground popularity, hilariously and perfectly captured by the Reddit wizard drawing and moniker “magic internet money.” And that is exactly what it was. Bitcoin was internet money, and it was magical because it worked without any central issuer or company—something that had never existed before. It survived off an elegant set of rules and SHA256 encryption. It reached a market cap of $10 billion by 2013, purely by being magic internet money.

Bitcoin’s second price regime came after bitcoin didn’t die by 2015 following a massive 80% crash. It started receiving mainline attention, namely from CME and Fidelity, both which bet millions on R&D, convinced that bitcoin was indeed digital gold. This collective realization from the sophisticated investment universe can be thought of as the “5% probability that bitcoin will one day replace gold” era, allowing bitcoin to reach a market cap of over $300 billion.

The most recent price regime was the “post-pandemic, work-from-home, global digital economy, universal basic income” phase, in which bitcoin is settling in around the $1 trillion market cap. While the price swings have been large, bitcoin has consolidated around this impressive valuation for well over a year. The valuation is an acceptance that bitcoin is a mainstay in our society and will always have demand. During this phase, the “bitcoin is either going to $1 million or to $0” crowd ditched the mantra in realization it was likely to be the former.

I believe we are entering bitcoin’s next price regime, one that can be labeled “the risk models are broken” phase, in which bitcoin takes on an immediate strategic importance for institutions of all types around the world. This is the phase when countries, companies, and organizations political or geopolitical realize that a zero-bitcoin position is a strategic blind spot, one that must be covered with a purchase, or at the very minimum an investment in bitcoin education and infrastructure. Let’s look at where the price could go."

The wise people use ETH to trade and make profits to buy BTC on pull backs, since in a bull market ETH usually appreciates more than BTC. In the coming bull market, ETH will likely gain more than BTC, that would be the time to sell. Several years ago, when ETH was < 100 $, I sold all. I personally dont believe in ETH, though there is a whole army of ETH believers out there.

BTC is a long term hold, not to be traded, like Gold, where one bets that inflation and money printing is a constant going forward.

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Marty Armstrong, on the free portion of the website, commenting on March 14
https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-ecm-march-14th/

The casacius coin looks genuine, the unfunded/funded link is scammy.

Willy Woo update:
Top level summary for 11th Mar 2022 (current price $39.1k):

Structural summary: Institutions and large holders continue to sell down.

Price action expectation: Bearish until we see signs of demand coming back into the market.

Personal opinion: There’s no question we are in a bear market due to the duration of the sell-off. There’s never been a bottom of a bear market in BTC without a capitulation event, so I think there is a high probability that this region breaks down and we test lower lows before accumulation takes place to setup for the next bull cycle.

Willy is stopping his newsletter service, he says its getting difficult to properly do the on-chain analysis.