"Jiang Zhuoer, one of China's big miners, told WuBlockchain that according to the latest multiple model studies, the fastest will be September 2021 and the slowest June 2022 will turn from a bull to a bear market."
This is in line with my prediction and also lines up with the bear/bull cycle of bitcoin. As over 60% of bitcoin is mined in China and this guy represents a big pool, I feel he has his ear-to-the-rail.
However, I do see this bear as being a pretty nasty one and recommend hedging yourselves.
Right now bitcoin is at $52,500 (fell from $57k today), but I'm not sure I'd assume its going to fall to the earth yet. It probably has a good percentage of return left in it for a few months.
I don't have enough funds to post. Switching to memo.cash
Bitcoin and ethereum prices will fall hard and stay down for a while. This is my prediction. Sad Panda will witness bitcoin and ethereum enter a pretty unappetizing bear period as the current bull period is inflated by confidence/speculation. A big cash out before the anticipated 3rd year slump hits which will create a dramatic fall in prices. With ethereum going to proof of stake, the cost of electricity and gpu investments (nvidia is a moving part of this machine) will no longer back ethereum, currently a really big player.
Watch out for small alt coin scams and selective scamming exchanges - not really a new thing, but more people will become victims.
"Jiang Zhuoer, one of China's big miners, told WuBlockchain that according to the latest multiple model studies, the fastest will be September 2021 and the slowest June 2022 will turn from a bull to a bear market."
This is in line with my prediction and also lines up with the bear/bull cycle of bitcoin. As over 60% of bitcoin is mined in China and this guy represents a big pool, I feel he has his ear-to-the-rail.
However, I do see this bear as being a pretty nasty one and recommend hedging yourselves.
Right now bitcoin is at $52,500 (fell from $57k today), but I'm not sure I'd assume its going to fall to the earth yet. It probably has a good percentage of return left in it for a few months.
When the SEC allows bitcoin ETF, be ready to take up a short position on bitcoin. It could hit $90k, but
Cardano is starting with the vulnerable and offering the crack cocaine of cryptos. I imagine once they do their America tour, it will have billions of users the market will really take off.
Now watch some videos of Charles Hoskinson and consider him from the perspective of his peers (they don't say too many nice things about him).
I'm convinced from all angles this is it and I'm all in.
Cardano has made some interesting appearances touring in Asia already (that was the first stop in some interesting choices of locations), but that was cut short as per a post from Cardano team on their reddit "I was very hopeful for the Chinese market and I still am. The core issue is that the Chinese government has told the exchanges and the market to take a break for now. Everyone is waiting for the policy to get sorted. Once that occurs, I'm confident we'll eventually have a bright future there"
Which leads us to Cardano in Africa.... China has been flooding Africa with Transsion cell phones for the past couple years... complete with malware as is the standard procedure for cheap phones coming straight from manufacturers in China as Google has blog posted about (the relevance for this as it pertains to IOHK will never come to light). Cardano is targeting the 1.3 billion people with median age of 19.
Last point is the market cap issue. For Cardano to hit a high value, the market cap would have to be huge. It would need serious adoption by much more than the small pool of people who can afford to invest in bitcoin.
25.8 billion coins were sold at the iCO in 2016. For all we know, 23 billion could have gone to one person who then has all the real control over the votes (which are anonymous).
I'm not suggesting that Charles Hoskinson has 23 billion coins, but I am pointing out that there is a lot of appeal for someone with deep pockets to acquire more coins.
per the cardano foundation on why you can't have one wallet address with all your coins in it: "Daedalus does this because of privacy reasons. You can always use the same address if this is needed for your purpose.
It’s important to understand that from an external view (like from an explorer), you can not distinguish addresses and wallets. Only a wallet knows which addresses belong to it."
treasury with 276 million coins
45 billion coins and deflationary. wow thats a lot of coins regardless.
with bitcoin you can almost identify who's who by the wallet address... not the case with cardano
Bitcoin is just for money and FEW people have it.. yet it has a big market cap.
Cardano is peer reviewed (how many times has a bug in open source software been immediately fixed by some random programmer who saw the issue from the start?) and I would dare to say its very secure. It is going to be fast and seems like it may intend to make other blockchains obsolete.
The rest of it is where it gets interesting... and this is all out there/published
governance... if you own a coin you get a vote... but if you own MORE coins you get MORE vote?
Lets get into it.
Have you tried to use Ethereum lately? THE FEES? It is the most used blockchain and it is congested. The fees are ridiculous. All the while the power consumption is criminal. Aren't YOU surprised cryptocurrencies haven't been targeted for regulation for environmental impact reasons? No? Can't blame you as I didn't think about it until I started mining.
Ethereum 2.0 seeks to resolve problems, but there are plenty of roadblocks that will get ugly and are getting ugly.
On top of this.... Charles Hoskinson seems like he's hell bent on running Ethereum into the ground for some reason (check anything he's ever said about Ethereum vs Cardano or how he tries to not talk about Vitalik). The guy is an angry person but he sounds so peaceful. Just watch all of his videos of him talking about stuff (you could be occupied doing this for hundreds of hours, but a few hours will probably be enough). He says he doesn't care about money, but that conflic...
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ANYWAY we don't need to worry about any of this here, because it is all out there with Cardano... right now. Wherever I looked for what I thought I would find... it was there. But there's also a very sinister underbelly of Cardano I need to point out. In retrospect this will have been plain as day. If people start talking about this, it won't help the situation because of the nature of Cardano. I believe the future of Cardano is already set in stone except for a suspected vulnerability that I suspect was patched with the "Cardano Foundation." I used a cheap social media botnet with success to move big crypto persona towards the vulnerability. Based on his reaction, I'll know for myself. However... if all of a sudden he starts crying Cardano from the mountaintops.... you won't have to take my word for it.
I have a 6th sense that I suspect is related to something like situational awareness at a subconscious level and pattern recognition. It isn't unlike going to bed and processing things as your falling asleep that you may have missed... and then an epiphany hits you in a bizarre dream. Except for me, it is more like a memory of the future. Sometimes an image or like recalling something faintly. It is like a crazy savant skill that has made friends think I'm psychic. The last thing I ever needed was a friend to tell me I'm psychic and so I hung out with people who would never believe this could be. The wildest prediction/guess or fun card trick was always a "coincidence" and so I was happy with that. Well as I have nothing and there's a lot at stake (pun intended), I have to lean on this. If I'm wrong and I've dug my family a deeper hole, I have a contingency plan that delivers at great cost.
I predict ADA will surpass bitcoin in marketcap maybe 10 fold overall.. possibly/most likely more, but it is fuzzy for me at that point and there's a lot more going on than market cap in USD vs a crypto at that point in the future..... That is to say that if bitcoin hits 10 trillion, then ada will be 40 trillion. That would put it at over $800. Yeah I know.
I love how this is anonymous and I like to be a private person, but this one has me going nuts if i'm to be honest.
Cardano - Ada
As I'm typing this it is fighting its way down to (and below) $1.00 and I've purchased more. Not a lot as I can't afford it. I actually took out payday loans to buy more. I can juggle those since I have a lot of profit (up about %600 average) coming to me from my GameStop GME gains that I actually predicted here when it was $40. In retrospect, it makes sense since it turned into a big movement. COINCIDENTALLY right at the right place and the right time. Right now it is at $267 and hit $348 the other day, but if you're holding onto it still right now, know that it isn't quite over yet. For GME, there is what will feel like a long way to go if you're still holding on. COINCIDENTALLY, there is a stimulus check for $1,400 coming out which I'm guessing will move it up, but I'm not sure about the details.
Back on topic.. I...
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what we know/perceive is limited to our senses. all we have is now and it is best to just fucking disconnect yourself from the past and future and feel it while you can.
hey man... i'm here and would like to talk to you if you need someone to talk to. we can start a new topic or something.
My crystal ball says to put your orders in for GameStop RIGHT NOW its at $40. I think the bull run this time is going to be ridiculous.
GME hit $183 today but isn't done yet. Sell walls are everywhere but will provide opportunities to buy the dips. When the whale buys in sell 30 to 45 minutes before the market closes. Pick up the pieces the next day and it will eventually rise to a new floor
My crystal ball says to put your orders in for GameStop RIGHT NOW its at $40. I think the bull run this time is going to be ridiculous.
I hope to help all generate/maintain wealth through potentially volatile times.
If you'd like to support this...
Bitcoin
bc1q9qx3wtnxjjxrykx4as4ca00sze4p9r6mrd8yhp
Ethereum
0x8bDfca93fCE3715965552583047dF969c62410c8
Bitcoin and ethereum prices will fall hard and stay down for a while. This is my prediction. Sad Panda will witness bitcoin and ethereum enter a pretty unappetizing bear period as the current bull period is inflated by confidence/speculation. A big cash out before the anticipated 3rd year slump hits which will create a dramatic fall in prices. With ethereum going to proof of stake, the cost of electricity and gpu investments (nvidia is a moving part of this machine) will no longer back ethereum, currently a really big player.
Watch out for small alt coin scams and selective scamming exchanges - not really a new thing, but more people will become victims.
However, with that said... I was going to write a nice letter to my 3 year old son on here, but this topic got my attention. I'll instead write him a nice positive letter and I hope that venting the backstop here will keep the energy positive in my handwritten letter. We all have problems, bills, fears, regrets, loss, etc. No matter how good or bad, it is relative. Suicide is a horrible thing to do to your loved ones, but an accident is not. I picked out an awesome spot to accidentally lose control and go off the road. Ita a long way down and will do the trick. My life insurance policy should cover my debts and allow my wife to take care of herself and our 3 year old son for a few years. I worry about what happens after that, but I feel like I'm doing them wrong the longer I keep going on. Every day that goes by that I'm unable to pay the bills. Our electric bill is about $2,000 past due and I'm worried that the utilities companies will stop their covid19 leniency p...
Now it's permanent record. I can't delete this. I thought it cut off after the part about the electric bill, but it's all there. Sorry for venting this here. I'm just saying don't let your loved ones know it was a suicide. It would hurt them and if you love them you wouldn't let that happen
However, with that said... I was going to write a nice letter to my 3 year old son on here, but this topic got my attention. I'll instead write him a nice positive letter and I hope that venting the backstop here will keep the energy positive in my handwritten letter. We all have problems, bills, fears, regrets, loss, etc. No matter how good or bad, it is relative. Suicide is a horrible thing to do to your loved ones, but an accident is not. I picked out an awesome spot to accidentally lose control and go off the road. Ita a long way down and will do the trick. My life insurance policy should cover my debts and allow my wife to take care of herself and our 3 year old son for a few years. I worry about what happens after that, but I feel like I'm doing them wrong the longer I keep going on. Every day that goes by that I'm unable to pay the bills. Our electric bill is about $2,000 past due and I'm worried that the utilities companies will stop their covid19 leniency p...
Read more...
