#it’s been so interesting watching Ponzi mature

[doginprogress]

My ex described Ibizans once as “a bag of elbows” and honestly they weren’t wrong

[roselesliedaily]

Make The Cut

Actress Rose Leslie on life after Game of Thrones and her latest role

You could forgive Rose Leslie for finding it rather trying to have the same 5 words incessantly yelled at her in the street – even if those 5 words are ‘You know nothing, Jon Snow’ and came as a result of her stellar 3-year stint on Game of Thrones. But it turns out that Rose is so very nice as to insist she actually likes it. ‘It’s a lovely thing to be on the receiving end of,’ she says. ‘I feel so lucky, a, to have [a catchphrase] and, b, to be a part of a show that is universally adored.’

Words by Hollie Moat, Photography by Tom Craig, Styling by Poppy Kain

It’s a sunny spring day, but the east London warehouse we’re shooting in is so inexplicably cold that even a person who grew up in a Scottish castle (that would be Rose) is gripped by the chill. Still, she poses gamely around the freezing space to show off SS17’s key deconstructed pieces to their best advantage. From the big fashion hitters to the titans of television, Rose’s ascent to stardom has come via some of the modern era’s most celebrated shows: her breakout role Gwen in the first season of Downton Abbey, then Thrones’ Ygritte, Wildling warrior and doomed love of Jon Snow. Now her flawless record continues with The Good Fight, the much-anticipated The Good Wife spin-off and a newly minted hit. The series follows Christine Baranski’s Diane Lockhart as she moves to a new law firm after her plans to retire fall through (she loses all her money in a Ponzi scheme run by a close friend); Rose plays Maia, Diane’s beloved goddaughter and offspring of the Ponzi schemer. Here, she shares style advice, reminisces about Ygritte’s costumes and tells us about Maia’s ‘pretty good fight of her own’.

Everyone seems to have gone wild for The Good Fight. Do you think that’s down in part to how very current it feels, exploring subjects like fake news and even opening the pilot with Diane Lockhart watching the Trump inauguration?

Rose Leslie: ‘Yes, and I’m certainly incredibly proud of the fact that [showrunners] Robert and Michelle King decided to be bold enough to take on the administration in terms of highlighting what they feel needs to be brought to people’s attention. In the pilot, I think that with nothing being said, you can project whatever your own feelings are to Donald Trump being sworn in. Diane Lockhart’s face is so beautifully blank – you were able to project whatever your own thoughts were onto her face and be like, “Oh my god, this must be what Diane is feeling.” I thought that was very clever.’

The series is set around a law firm and your character Maia has just passed the Bar – did you have to do your legal homework before filming?

‘I kind of took artistic license with Maia being relatively new and green when it came to the world of court. I realised that I could lean a little bit on her in this being her first time as well as my own, so it was okay that I was a bit jittery and nervous about taking somebody down in the witness stand. And I did learn the meaning of some words, words I had an idea of – litigation, arbitration and affidavit, but I had to really cement their meaning into my head for when I was speaking them, because to not know what the hell you’re talking about would be shambolic on my behalf.’

‘The characters that appeal to me most are the women who are thrown out of their comfort zone. Seeing them grapple with their new situation – realising they have backbone to fight against the tide.’ 

You were working with the glorious Christine Baranski and Bernadette Peters – amazing role models for an actress. Did they live up to expectations?

‘They both have the most incredible spirit of generosity [and] hold themselves with such grace. They are so friendly, so welcoming and professional, to the point where they nail it in a couple of takes. You end up being like, “Holy shit, I need to up my game because I’m opposite Bernadette Peters.” And she was such a darling of a lady, and I feel very much the same with Christine, who from the off was incredibly warm towards me. I realised that this was something new that we were embarking on together, it’s an ensemble piece and she wanted me to feel very welcome on this set she knows very well.’

You seem to play very strong characters. Maia is a fighter, Ygritte was a warrior of a woman, even Gwen in Downton Abbey refused to settle for the status quo…

‘I would say certainly the characters that appeal to me most are the women who are thrown out of their comfort zone. Seeing them grapple with their new situation – realising they have backbone and being able to fight against the tide – you could term that as strong. Maia finds herself in this extraordinary, atrocious scenario of no longer trusting her father, with whom she’s had an incredibly close relationship with, realises that he has scammed hundreds of millions out of innocent people, ruining their lives and also jeopardising her career, which she has fought very hard for. I rated her for being someone who wasn’t self-involved with her own desires, and decided to take the approach of showing that she is as good as her peers, despite having an incredible advantage in life with her parents being billionaires.’

The Good Wife was renowned for its style, does The Good Fight follow suit?

‘I would be doing Dan Lawson an incredible disservice if I didn’t praise the ground he works on – he was the costume designer on The Good Wife and he is also with us, so tonally, expressively you’re getting a similar vibe. I feel like it’s fashion-forward in showing the power that one can convey with and through fashion, in complementing what one feels in the scene with what you’re going to wear, and as a result showing the viewer how the character feels in that particular episode – let’s say there aren’t any bold colours or patterns, because actually Maia’s feeling very dour and her low self-esteem is coming through in the clothes and the drab colours that she’s gone for. Dan is a master at pulling that off.’

Of all your roles, whose costumes do you like best?

‘I’m not good in heels! So I would have to say give me the flat boots in [Ygritte’s] battlegear. I loved wearing armour and having a bow and arrow, and just being a bit dirty and grubby. But my god I’ve been given some beautiful pieces in The Good Fight: I had the most beautiful Alexander McQueen two-piece and a Helmut Lang overcoat – the woman [Maia] has the most incredible wardrobe! So I’ve had a lot of fun in being able to wear something I would never have the chance to in real life, because as an actor you’re not really gonna be wearing office attire day-to-day.’

Which character has a style closest to your own?

‘‘If you had asked me when I was 22, I would most certainly have said Ygritte, whereby she was more of a tomboy-esque person. But I’d like to think I’m slowly ebbing towards Maia, and the maturity that she has, now I’m a 30-year-old woman…’

You looked amazing in Christian Dior at the Olivier Awards – do you enjoy getting dressed up for the red carpet or is it a chore?

‘It’s fun, it’s so fun! To be fair you’d be hard-pushed to look someone in the eye and say you don’t enjoy someone faffing around you for 2 hours and making you feel lovely. And I really enjoy getting ready because it’s a team effort – it takes a whole village!’

And finally, which of today’s looks would you most like to take home?

‘I had the most beautiful striped Loewe dress on, with the collar off-kilter and a wraparound on the waist and billowed shoulders. I do think it’s a little more interesting when things are offbeat; I’m drawn to that in what I wear, and also it applies to different aspects of my life. You’re not following the obvious form – I rather enjoy that.’

[jeffrmayhugh]

WILL BITCOIN BREAK $10,000 IN MAY 2020? FEDERAL RESERVE MAKES PERFECT BTC AD!

VIDEO TRANSCRIPT

Today in crypto, bitcoin continues to battle to get over ten thousand dollars. Can BTC make a definitive break this month or will it keep getting rejected at this key level? The USA could soon control 25 percent of the Bitcoin hash rate. Another massive scam that’s a cool billion dollars in crypto from unsuspecting victims. And of course, the Federal Reserve, a.k.a. Bitcoins marketing department, makes the case once again why you need to buy Bitcoin, the crypto LARC. This is resubscribe of the hottest and all of the latest happening out there in the wild, wild land of crypto. So let’s go ahead and start off today with the charts. Bitcoin is once again battling to try and close over ten thousand dollars. Now, we just had our weekly close with a strong green candle, but it has once again failed to close above that descending line of resistance that has held the price down for nearly two years. But considering how close we are, it feels like another make or break time is shaping up for Bitcoin. We keep getting pushed further and further into a corner filled with all of these critical points and key lines, resistance and indicators that are showing bullish momentum all coming together at the same time. Very exciting. If Bitcoin gets a strong rejection here, then watch for support to hold on the upward trend line on the daily. Which brings us down to around ninety two hundred dollars. But increasingly I get the feeling that ten thousand dollars is going to break here in the near future, potentially in the next week or two. I mean, just look at this, just text book, beautiful break retest and bounce off of the 200 day moving average. Now, in the event that we do actually see the price come back down to the 200 day moving average, you buy that dip, guys, you buy that dip. That is a great time to get in if we do see that retest happen once again. Also, we are now only days away from seeing a new golden cross confirm for Bitcoin. Obviously got to see it confirmed first. But should this happen, then it will probably take place around Wednesday unless the market, of course, turns on us in the next few hours. Now, if this happens, it could give us the momentum that we do need to have a really convincing break above ten thousand dollars. And I do mean convincing. I’m not talking about just a little peak above 10000 or five minutes or even just for a few hours, but actually closing multiple daily candles above ten thousand dollars after which of course, ten thousand five hundred dollars. That is the line to break. And if we can crack past that, then hold on to your butts, because things could get crazy real, real fast. And I know the last golden cross, it turned out to be a fake out. Everybody was disappointed by that. The whole Mexican beer thing really tanked the markets in a quite expect way. But I feel like what we are seeing here could potentially play out like what we saw happen back in 2015. There was a fake out. So a fake out golden cross, followed by a big drop, followed by a second golden cross. Only weeks later, this golden cross, though, was so impactful that the price of Bitcoin not fell below the 200 day moving average again until April. Twenty eighteen, a two and a half year run above the 200 day moving average. Essentially, that was just a massive bull run in that second golden cross after the first fake out was what kicked it off. And in that time, Bitcoin went up by eight thousand percent in two years time. I think we could actually looking back on this golden cross at the price of Bitcoin right now and just thinking to ourselves, wow, I’m damn glad that I bought Bitcoin all the way back then. Anyway, I think we do stand to have a really good chance right now of having an actual quite strong and convincing break above ten thousand dollars this month, a break that actually holds above ten thousand dollars. So keep an eye out for it. A big thank you to prime SBT for sponsoring today’s episode. Prime SBT is an excellent platform for trading a wide range of different assets. You can trade the top cryptos as well as Forex. Like the British pound or the euro, commodities like oil and even stock indexes like the S&P 500 all tradable against Bitcoin. Now, all of these markets are also trading with generous leverage and prime expertise does not require any KYC. So you can trade on this platform with freedom. Now, look. Trading is not for everyone. And private expertise is definitely only for advanced traders who. Then how to properly manage their risk? If that is you, then there is a link down below where you can start trading today. OK. So the first story of the day, the Bitcoin mining farm called Layer One, which is backed by Peter Teil, has stated that they want to acquire 25 percent of the Bitcoin hash rate by the end of 2021. That’s a big claim, without a doubt. It would definitely be nice to see, obviously, more distribution in terms of the geographical distribution of the hash rate moving away from China. And considering what a big part of the market that U.S. buyers are, it has actually always been a bit disappointing for me to see such small percentage of mining actually happens in the USA. Now, if they do achieve their goal, then that would make the USA number two behind China in terms of being a player in the Bitcoin mining game. Now, normally, this kind of talk is not super noteworthy. We’re going to get a lot of hash rate will. Great. But I actually think that layer one can pull this off. And it’s not just going to be talk because layer one, unlike most mining operations, they’re actually making their own rigs, which means that they do not depend on Bit Maine to get their supplies. Very interesting. The race to mine last two point six million Bitcoin is going to be fierce. The Bitcoin mining arms race is definitely heating up, especially this is going to be big during the twenty twenties. While the block reward is still above one bitcoin per block. Gotta get them all. You gotta get them all. Next up, another massive Chinese Ponzi scheme has, of course, come crumbling down with a series of arrests, including one of the masterminds of the previous plus tokin scam that has been responsible for many of the market dumps that we’ve seen over the last year. Plus, Tolkan ended up getting around 200000 Bitcoin in total. Now, this scheme called Woa Tokin, took in around a billion dollars where the crypto 46000 Bitcoin, two million a theory M three under thousand light going more than 50000 Bitcoin cash and a little more than half a million iOS. There are nearly 750000 people who fell victim to this scam, which of course, just the typical. There is a magical algorithmic trading bot that’s gonna make you X percent of money per day. Smoke and mirrors, smoke mirrors. That’s it. Please be careful out there, everyone. There is just such an insane amount of scamming going on in crypto. If someone is promising you two percent a day or something, that’s a scam. Please, please be careful. It’s crazy out there. These guys will go to the ends of the earth to try and get your money from you. So don’t let them do it. Now, it’s not clear at this time. The authorities also got a hold of the keys to the crypto wallets. And if so, what will be done with those crypto wallets next? Or if the scammers still have them, some scammers anyway. Anyway, what the fate of this cryptocurrency is going to be not clear yet, but definitely keep you up today as more information comes in. Next up, Paul Singer’s Elliott Management Corp. spoke about gold in a letter to investors. He said it is, well, the most undervalued, investable assets existing today. Hedge funds are anticipating that the precious metal will continue climbing higher in the days and weeks ahead, insisting that the debasement of money that we see happening right now by central banks could lead gold to trade at literally multiples of its current price, which we’re talking trillions and trillions of dollars here. Gold’s already at nine trillion dollars for market cap multiples. That? S local man may be gold investors. They will finally have their day in the sun. But anyway, that’s not why I bring this up. I bring this up because gold and bitcoin, they had the same awesome properties, except the Bitcoin in many respects is better. Bitcoin is easily divisible. Bitcoin can be sent anywhere in the world within minutes for a super low cost. We know for absolute certain that there will never be more than twenty one million bitcoin. And of course, Bitcoin, unlike gold, is not yet a mature asset. Gold’s got a nine trillion dollar market cap bitcoins under 200 billion. A lot of room for growth. There is not just hedge funds that are betting big on gold right now. It’s also countries as they all rush to get real hard assets in their hands. Russia’s central bank has been Mad’s stacking gold for last two years. In fact, in just the month of April, the reserves grew by over six billion dollars, or around five percent growth for their overall gold reserves, reaching a value equivalent of one hand 126 billion dollars, or more than 20 percent of the bank’s total reserves. Putin knows. He knows now. Now he just needs to get Russia onto the Bitcoin train. Come on, Vlad. Do it, man. Do it. Market by 10 billion dollars in Bitcoin, man. Boom. Haubert. And finally, Fed Chairman Jerome Powell was on 60 Minutes and look, in so many ways, this is like the perfect ad for Bitcoin. These guys really serious, wearing their suits and stuff. But if he just finished up what he said in these clips that I want to show you by saying buy bitcoin and be perfect. Anyway, let’s have a listen. Well, there’s a lot more we can do. We’re not out of ammunition by a long shot. Now, there’s there’s really no limit to what we can do with these lending programs that we have. Fair to say you simply flooded the system with money. Yes, we did. That’s another way to think about it. We did. Where does it come from? Do you just printed? Reprinted digitally, so we you know, we as a central bank, we have the ability to create money. So just to recap there, the Fed is far from out of ammunition. There is no limit to the lending that’s worrying. That really, really is. The Fed is like a kid playing a video game with the cheat codes on. Except that this is not a video game. This is the real world economy. And these monetary policies, they can crush real people in the real world because when you flood the system with money, you’re still unleashing a flood. And there are always devastating consequences from floods. And by the way, isn’t it just insane? Just thought think about that. They just printed digitally, just creating money out of thin air. That’s a magic trick. And some people still think that Bitcoin is a scam. Literally, this do just sits down at a computer. Tap, tap, tap, tap, tap. Boom. Three trillion dollars just like that. Blammo, new money is made. It’s crazy, man. And what is the effect of this money printing? Well, if you had a thousand dollars sitting in a savings account earning, you know, zero point zero one percent interest. So basically nothing. And that’s relatively typical these days, unfortunately. Anyway, that bank, that thousand dollars sits in the bank from, let’s say, 2010 until today. And thanks to inflation and all the central bank trickery, your thousand dollars in the last 10 years would have lost nearly 20 percent of its purchasing power. So you would need to now have 12 hundred dollars to have the same purchasing power that your thousand dollars had back in twenty ten. Meanwhile, Bitcoin’s gone up by nine million percent in the same time by the end of this decade. How bad will your dollar losses be if you’re sitting in a lot of dollars, a thousand dollars sitting in a bank account today, it might lose 30 or 40 percent of its purchasing power over the next 10 years. Just look at the central banks are doing right now. That’s going to have serious long term impacts. And if negative rates come into play also, then on top of the inflation, you’re also going to lose one to two percent a year out of your account, just taken back by the government, two or three percent annual inflation, two percent negative rates. Now, these numbers, they may not sound like a lot. Oh, it’s only a couple percent a year. But those effects they can compound very, very quickly over 10 years. It’s insane numbers we’re talking about over a decade. Wowsers. Anyway, what Powell saying here is nothing new. But it’s just good to hear this stuff as a reminder about the insanity of the whole central banking system and just, wow, it’s crazy. Anyway, aside from slowly robbing you by a death of a thousand cuts over many years, this also creates a systemic debt issue that as a long term threat to the entire global economy, since most countries are highly exposed to U.S. debt, U.S. has been spending more than it’s been taking in for some time. And. That’s something we’re going to have to deal with, the time to do that is when the economy is strong. When unemployment is low. When economic activity is high. That’s when you deal with that problem. This is not the time to prioritize that concern. We have the ability to borrow at low rates. We have the ability to service that debt. And I would say this is the time when we can use that strength. To our longer run benefit, the U.S. debt. It has absolutely spiraled out of control, adding another trillion dollars trillion dollars, the mind boggling amount of money just in the last month. Now it’s over 25 trillion when the economy is good. Right. They’re going to pay the debt down. They never do that. The economy is just good. Never did it. He is lying. When the crisis finishes, there’ll be more debt and zero ambition to actually pay that debt down in. The servicing of that debt will take way more taxpayer money than before the crisis is now. There’s more debt. The government is creating generations of debt. Slaves either needing to repay an unpayable debt with all the tax revenue in the United States going to pay the interest on the debt. Nothing for, you know, schools and the Rosana stuff just servicing the debt or the other option, a potential U.S. default at some point in the future. Look, both are terrible options or just keep kicking the can down the road. More inflation, more insanity, no matter what you take, it all leads to the ruin of the dollar, whether it be through insane inflation or a U.S. default or debt that just eats the country like a cancer. The dollar will not end well. These are incredibly dangerous games being played right now by these central banks. And this is why gold and why bitcoin will continue to do well. By the way, I finally bought my first ounce of gold. Well, digital gold, actually. I bought an ounce of Paxos gold, so I have an ounce of gold now sitting on the block chain in my wall. So that’s pretty cool. Actually have a gold video coming out for you soon as well. So publicly throughout the weekend. But anyway, gold and bitcoin, they share a very similar trajectory. Central banks there out of control in Bitcoin. It is the gold of the digital era. Get as much of it as you can before it takes off to the moon because it’s going to stack Satz and chill, my friends. Anyway, your question for today. Do you think that a good market for gold is going to mean a good market for Bitcoin as well? And do you personally own gold? If so, how are you holding your gold you have on the block chain like my Paksas Gold Ounce. Do you have paper gold? Maybe you’re doing gold mining stocks or perhaps just have the real deal, yellow stuff sitting under your bed or something like that anyway. Let me know down below in the comments section. Thank you so much. Watching today’s video. Quick reminder, your frickin awesome. So thank you so, so much for sport and child. Seriously, it means everything to me. So thank you so, so much for your continued support. Of course, if he didn’t join that video, whack that thumbs up button and subscribe to the channel. If you knew around here. Long live block, Jane. And peace out the next time.

source https://www.cryptosharks.net/will-bitcoin-break-in-may-2020/ source https://cryptosharks1.tumblr.com/post/618641496701386752

[heatherrdavis1]

WILL BITCOIN BREAK $10000 IN MAY 2020? FEDERAL RESERVE MAKES PERFECT BTC AD!

VIDEO TRANSCRIPT

Today in crypto, bitcoin continues to battle to get over ten thousand dollars. Can BTC make a definitive break this month or will it keep getting rejected at this key level? The USA could soon control 25 percent of the Bitcoin hash rate. Another massive scam that’s a cool billion dollars in crypto from unsuspecting victims. And of course, the Federal Reserve, a.k.a. Bitcoins marketing department, makes the case once again why you need to buy Bitcoin, the crypto LARC. This is resubscribe of the hottest and all of the latest happening out there in the wild, wild land of crypto. So let’s go ahead and start off today with the charts. Bitcoin is once again battling to try and close over ten thousand dollars. Now, we just had our weekly close with a strong green candle, but it has once again failed to close above that descending line of resistance that has held the price down for nearly two years. But considering how close we are, it feels like another make or break time is shaping up for Bitcoin. We keep getting pushed further and further into a corner filled with all of these critical points and key lines, resistance and indicators that are showing bullish momentum all coming together at the same time. Very exciting. If Bitcoin gets a strong rejection here, then watch for support to hold on the upward trend line on the daily. Which brings us down to around ninety two hundred dollars. But increasingly I get the feeling that ten thousand dollars is going to break here in the near future, potentially in the next week or two. I mean, just look at this, just text book, beautiful break retest and bounce off of the 200 day moving average. Now, in the event that we do actually see the price come back down to the 200 day moving average, you buy that dip, guys, you buy that dip. That is a great time to get in if we do see that retest happen once again. Also, we are now only days away from seeing a new golden cross confirm for Bitcoin. Obviously got to see it confirmed first. But should this happen, then it will probably take place around Wednesday unless the market, of course, turns on us in the next few hours. Now, if this happens, it could give us the momentum that we do need to have a really convincing break above ten thousand dollars. And I do mean convincing. I’m not talking about just a little peak above 10000 or five minutes or even just for a few hours, but actually closing multiple daily candles above ten thousand dollars after which of course, ten thousand five hundred dollars. That is the line to break. And if we can crack past that, then hold on to your butts, because things could get crazy real, real fast. And I know the last golden cross, it turned out to be a fake out. Everybody was disappointed by that. The whole Mexican beer thing really tanked the markets in a quite expect way. But I feel like what we are seeing here could potentially play out like what we saw happen back in 2015. There was a fake out. So a fake out golden cross, followed by a big drop, followed by a second golden cross. Only weeks later, this golden cross, though, was so impactful that the price of Bitcoin not fell below the 200 day moving average again until April. Twenty eighteen, a two and a half year run above the 200 day moving average. Essentially, that was just a massive bull run in that second golden cross after the first fake out was what kicked it off. And in that time, Bitcoin went up by eight thousand percent in two years time. I think we could actually looking back on this golden cross at the price of Bitcoin right now and just thinking to ourselves, wow, I’m damn glad that I bought Bitcoin all the way back then. Anyway, I think we do stand to have a really good chance right now of having an actual quite strong and convincing break above ten thousand dollars this month, a break that actually holds above ten thousand dollars. So keep an eye out for it. A big thank you to prime SBT for sponsoring today’s episode. Prime SBT is an excellent platform for trading a wide range of different assets. You can trade the top cryptos as well as Forex. Like the British pound or the euro, commodities like oil and even stock indexes like the S&P 500 all tradable against Bitcoin. Now, all of these markets are also trading with generous leverage and prime expertise does not require any KYC. So you can trade on this platform with freedom. Now, look. Trading is not for everyone. And private expertise is definitely only for advanced traders who. Then how to properly manage their risk? If that is you, then there is a link down below where you can start trading today. OK. So the first story of the day, the Bitcoin mining farm called Layer One, which is backed by Peter Teil, has stated that they want to acquire 25 percent of the Bitcoin hash rate by the end of 2021. That’s a big claim, without a doubt. It would definitely be nice to see, obviously, more distribution in terms of the geographical distribution of the hash rate moving away from China. And considering what a big part of the market that U.S. buyers are, it has actually always been a bit disappointing for me to see such small percentage of mining actually happens in the USA. Now, if they do achieve their goal, then that would make the USA number two behind China in terms of being a player in the Bitcoin mining game. Now, normally, this kind of talk is not super noteworthy. We’re going to get a lot of hash rate will. Great. But I actually think that layer one can pull this off. And it’s not just going to be talk because layer one, unlike most mining operations, they’re actually making their own rigs, which means that they do not depend on Bit Maine to get their supplies. Very interesting. The race to mine last two point six million Bitcoin is going to be fierce. The Bitcoin mining arms race is definitely heating up, especially this is going to be big during the twenty twenties. While the block reward is still above one bitcoin per block. Gotta get them all. You gotta get them all. Next up, another massive Chinese Ponzi scheme has, of course, come crumbling down with a series of arrests, including one of the masterminds of the previous plus tokin scam that has been responsible for many of the market dumps that we’ve seen over the last year. Plus, Tolkan ended up getting around 200000 Bitcoin in total. Now, this scheme called Woa Tokin, took in around a billion dollars where the crypto 46000 Bitcoin, two million a theory M three under thousand light going more than 50000 Bitcoin cash and a little more than half a million iOS. There are nearly 750000 people who fell victim to this scam, which of course, just the typical. There is a magical algorithmic trading bot that’s gonna make you X percent of money per day. Smoke and mirrors, smoke mirrors. That’s it. Please be careful out there, everyone. There is just such an insane amount of scamming going on in crypto. If someone is promising you two percent a day or something, that’s a scam. Please, please be careful. It’s crazy out there. These guys will go to the ends of the earth to try and get your money from you. So don’t let them do it. Now, it’s not clear at this time. The authorities also got a hold of the keys to the crypto wallets. And if so, what will be done with those crypto wallets next? Or if the scammers still have them, some scammers anyway. Anyway, what the fate of this cryptocurrency is going to be not clear yet, but definitely keep you up today as more information comes in. Next up, Paul Singer’s Elliott Management Corp. spoke about gold in a letter to investors. He said it is, well, the most undervalued, investable assets existing today. Hedge funds are anticipating that the precious metal will continue climbing higher in the days and weeks ahead, insisting that the debasement of money that we see happening right now by central banks could lead gold to trade at literally multiples of its current price, which we’re talking trillions and trillions of dollars here. Gold’s already at nine trillion dollars for market cap multiples. That? S local man may be gold investors. They will finally have their day in the sun. But anyway, that’s not why I bring this up. I bring this up because gold and bitcoin, they had the same awesome properties, except the Bitcoin in many respects is better. Bitcoin is easily divisible. Bitcoin can be sent anywhere in the world within minutes for a super low cost. We know for absolute certain that there will never be more than twenty one million bitcoin. And of course, Bitcoin, unlike gold, is not yet a mature asset. Gold’s got a nine trillion dollar market cap bitcoins under 200 billion. A lot of room for growth. There is not just hedge funds that are betting big on gold right now. It’s also countries as they all rush to get real hard assets in their hands. Russia’s central bank has been Mad’s stacking gold for last two years. In fact, in just the month of April, the reserves grew by over six billion dollars, or around five percent growth for their overall gold reserves, reaching a value equivalent of one hand 126 billion dollars, or more than 20 percent of the bank’s total reserves. Putin knows. He knows now. Now he just needs to get Russia onto the Bitcoin train. Come on, Vlad. Do it, man. Do it. Market by 10 billion dollars in Bitcoin, man. Boom. Haubert. And finally, Fed Chairman Jerome Powell was on 60 Minutes and look, in so many ways, this is like the perfect ad for Bitcoin. These guys really serious, wearing their suits and stuff. But if he just finished up what he said in these clips that I want to show you by saying buy bitcoin and be perfect. Anyway, let’s have a listen. Well, there’s a lot more we can do. We’re not out of ammunition by a long shot. Now, there’s there’s really no limit to what we can do with these lending programs that we have. Fair to say you simply flooded the system with money. Yes, we did. That’s another way to think about it. We did. Where does it come from? Do you just printed? Reprinted digitally, so we you know, we as a central bank, we have the ability to create money. So just to recap there, the Fed is far from out of ammunition. There is no limit to the lending that’s worrying. That really, really is. The Fed is like a kid playing a video game with the cheat codes on. Except that this is not a video game. This is the real world economy. And these monetary policies, they can crush real people in the real world because when you flood the system with money, you’re still unleashing a flood. And there are always devastating consequences from floods. And by the way, isn’t it just insane? Just thought think about that. They just printed digitally, just creating money out of thin air. That’s a magic trick. And some people still think that Bitcoin is a scam. Literally, this do just sits down at a computer. Tap, tap, tap, tap, tap. Boom. Three trillion dollars just like that. Blammo, new money is made. It’s crazy, man. And what is the effect of this money printing? Well, if you had a thousand dollars sitting in a savings account earning, you know, zero point zero one percent interest. So basically nothing. And that’s relatively typical these days, unfortunately. Anyway, that bank, that thousand dollars sits in the bank from, let’s say, 2010 until today. And thanks to inflation and all the central bank trickery, your thousand dollars in the last 10 years would have lost nearly 20 percent of its purchasing power. So you would need to now have 12 hundred dollars to have the same purchasing power that your thousand dollars had back in twenty ten. Meanwhile, Bitcoin’s gone up by nine million percent in the same time by the end of this decade. How bad will your dollar losses be if you’re sitting in a lot of dollars, a thousand dollars sitting in a bank account today, it might lose 30 or 40 percent of its purchasing power over the next 10 years. Just look at the central banks are doing right now. That’s going to have serious long term impacts. And if negative rates come into play also, then on top of the inflation, you’re also going to lose one to two percent a year out of your account, just taken back by the government, two or three percent annual inflation, two percent negative rates. Now, these numbers, they may not sound like a lot. Oh, it’s only a couple percent a year. But those effects they can compound very, very quickly over 10 years. It’s insane numbers we’re talking about over a decade. Wowsers. Anyway, what Powell saying here is nothing new. But it’s just good to hear this stuff as a reminder about the insanity of the whole central banking system and just, wow, it’s crazy. Anyway, aside from slowly robbing you by a death of a thousand cuts over many years, this also creates a systemic debt issue that as a long term threat to the entire global economy, since most countries are highly exposed to U.S. debt, U.S. has been spending more than it’s been taking in for some time. And. That’s something we’re going to have to deal with, the time to do that is when the economy is strong. When unemployment is low. When economic activity is high. That’s when you deal with that problem. This is not the time to prioritize that concern. We have the ability to borrow at low rates. We have the ability to service that debt. And I would say this is the time when we can use that strength. To our longer run benefit, the U.S. debt. It has absolutely spiraled out of control, adding another trillion dollars trillion dollars, the mind boggling amount of money just in the last month. Now it’s over 25 trillion when the economy is good. Right. They’re going to pay the debt down. They never do that. The economy is just good. Never did it. He is lying. When the crisis finishes, there’ll be more debt and zero ambition to actually pay that debt down in. The servicing of that debt will take way more taxpayer money than before the crisis is now. There’s more debt. The government is creating generations of debt. Slaves either needing to repay an unpayable debt with all the tax revenue in the United States going to pay the interest on the debt. Nothing for, you know, schools and the Rosana stuff just servicing the debt or the other option, a potential U.S. default at some point in the future. Look, both are terrible options or just keep kicking the can down the road. More inflation, more insanity, no matter what you take, it all leads to the ruin of the dollar, whether it be through insane inflation or a U.S. default or debt that just eats the country like a cancer. The dollar will not end well. These are incredibly dangerous games being played right now by these central banks. And this is why gold and why bitcoin will continue to do well. By the way, I finally bought my first ounce of gold. Well, digital gold, actually. I bought an ounce of Paxos gold, so I have an ounce of gold now sitting on the block chain in my wall. So that’s pretty cool. Actually have a gold video coming out for you soon as well. So publicly throughout the weekend. But anyway, gold and bitcoin, they share a very similar trajectory. Central banks there out of control in Bitcoin. It is the gold of the digital era. Get as much of it as you can before it takes off to the moon because it’s going to stack Satz and chill, my friends. Anyway, your question for today. Do you think that a good market for gold is going to mean a good market for Bitcoin as well? And do you personally own gold? If so, how are you holding your gold you have on the block chain like my Paksas Gold Ounce. Do you have paper gold? Maybe you’re doing gold mining stocks or perhaps just have the real deal, yellow stuff sitting under your bed or something like that anyway. Let me know down below in the comments section. Thank you so much. Watching today’s video. Quick reminder, your frickin awesome. So thank you so, so much for sport and child. Seriously, it means everything to me. So thank you so, so much for your continued support. Of course, if he didn’t join that video, whack that thumbs up button and subscribe to the channel. If you knew around here. Long live block, Jane. And peace out the next time.

Via https://www.cryptosharks.net/will-bitcoin-break-in-may-2020/

source https://cryptosharks.weebly.com/blog/will-bitcoin-break-10000-in-may-2020-federal-reserve-makes-perfect-btc-ad

[scottmapess]

WILL BITCOIN BREAK $10,000 IN MAY 2020? FEDERAL RESERVE MAKES PERFECT BTC AD!

VIDEO TRANSCRIPT

Today in crypto, bitcoin continues to battle to get over ten thousand dollars. Can BTC make a definitive break this month or will it keep getting rejected at this key level? The USA could soon control 25 percent of the Bitcoin hash rate. Another massive scam that’s a cool billion dollars in crypto from unsuspecting victims. And of course, the Federal Reserve, a.k.a. Bitcoins marketing department, makes the case once again why you need to buy Bitcoin, the crypto LARC. This is resubscribe of the hottest and all of the latest happening out there in the wild, wild land of crypto. So let’s go ahead and start off today with the charts. Bitcoin is once again battling to try and close over ten thousand dollars. Now, we just had our weekly close with a strong green candle, but it has once again failed to close above that descending line of resistance that has held the price down for nearly two years. But considering how close we are, it feels like another make or break time is shaping up for Bitcoin. We keep getting pushed further and further into a corner filled with all of these critical points and key lines, resistance and indicators that are showing bullish momentum all coming together at the same time. Very exciting. If Bitcoin gets a strong rejection here, then watch for support to hold on the upward trend line on the daily. Which brings us down to around ninety two hundred dollars. But increasingly I get the feeling that ten thousand dollars is going to break here in the near future, potentially in the next week or two. I mean, just look at this, just text book, beautiful break retest and bounce off of the 200 day moving average. Now, in the event that we do actually see the price come back down to the 200 day moving average, you buy that dip, guys, you buy that dip. That is a great time to get in if we do see that retest happen once again. Also, we are now only days away from seeing a new golden cross confirm for Bitcoin. Obviously got to see it confirmed first. But should this happen, then it will probably take place around Wednesday unless the market, of course, turns on us in the next few hours. Now, if this happens, it could give us the momentum that we do need to have a really convincing break above ten thousand dollars. And I do mean convincing. I’m not talking about just a little peak above 10000 or five minutes or even just for a few hours, but actually closing multiple daily candles above ten thousand dollars after which of course, ten thousand five hundred dollars. That is the line to break. And if we can crack past that, then hold on to your butts, because things could get crazy real, real fast. And I know the last golden cross, it turned out to be a fake out. Everybody was disappointed by that. The whole Mexican beer thing really tanked the markets in a quite expect way. But I feel like what we are seeing here could potentially play out like what we saw happen back in 2015. There was a fake out. So a fake out golden cross, followed by a big drop, followed by a second golden cross. Only weeks later, this golden cross, though, was so impactful that the price of Bitcoin not fell below the 200 day moving average again until April. Twenty eighteen, a two and a half year run above the 200 day moving average. Essentially, that was just a massive bull run in that second golden cross after the first fake out was what kicked it off. And in that time, Bitcoin went up by eight thousand percent in two years time. I think we could actually looking back on this golden cross at the price of Bitcoin right now and just thinking to ourselves, wow, I’m damn glad that I bought Bitcoin all the way back then. Anyway, I think we do stand to have a really good chance right now of having an actual quite strong and convincing break above ten thousand dollars this month, a break that actually holds above ten thousand dollars. So keep an eye out for it. A big thank you to prime SBT for sponsoring today’s episode. Prime SBT is an excellent platform for trading a wide range of different assets. You can trade the top cryptos as well as Forex. Like the British pound or the euro, commodities like oil and even stock indexes like the S&P 500 all tradable against Bitcoin. Now, all of these markets are also trading with generous leverage and prime expertise does not require any KYC. So you can trade on this platform with freedom. Now, look. Trading is not for everyone. And private expertise is definitely only for advanced traders who. Then how to properly manage their risk? If that is you, then there is a link down below where you can start trading today. OK. So the first story of the day, the Bitcoin mining farm called Layer One, which is backed by Peter Teil, has stated that they want to acquire 25 percent of the Bitcoin hash rate by the end of 2021. That’s a big claim, without a doubt. It would definitely be nice to see, obviously, more distribution in terms of the geographical distribution of the hash rate moving away from China. And considering what a big part of the market that U.S. buyers are, it has actually always been a bit disappointing for me to see such small percentage of mining actually happens in the USA. Now, if they do achieve their goal, then that would make the USA number two behind China in terms of being a player in the Bitcoin mining game. Now, normally, this kind of talk is not super noteworthy. We’re going to get a lot of hash rate will. Great. But I actually think that layer one can pull this off. And it’s not just going to be talk because layer one, unlike most mining operations, they’re actually making their own rigs, which means that they do not depend on Bit Maine to get their supplies. Very interesting. The race to mine last two point six million Bitcoin is going to be fierce. The Bitcoin mining arms race is definitely heating up, especially this is going to be big during the twenty twenties. While the block reward is still above one bitcoin per block. Gotta get them all. You gotta get them all. Next up, another massive Chinese Ponzi scheme has, of course, come crumbling down with a series of arrests, including one of the masterminds of the previous plus tokin scam that has been responsible for many of the market dumps that we’ve seen over the last year. Plus, Tolkan ended up getting around 200000 Bitcoin in total. Now, this scheme called Woa Tokin, took in around a billion dollars where the crypto 46000 Bitcoin, two million a theory M three under thousand light going more than 50000 Bitcoin cash and a little more than half a million iOS. There are nearly 750000 people who fell victim to this scam, which of course, just the typical. There is a magical algorithmic trading bot that’s gonna make you X percent of money per day. Smoke and mirrors, smoke mirrors. That’s it. Please be careful out there, everyone. There is just such an insane amount of scamming going on in crypto. If someone is promising you two percent a day or something, that’s a scam. Please, please be careful. It’s crazy out there. These guys will go to the ends of the earth to try and get your money from you. So don’t let them do it. Now, it’s not clear at this time. The authorities also got a hold of the keys to the crypto wallets. And if so, what will be done with those crypto wallets next? Or if the scammers still have them, some scammers anyway. Anyway, what the fate of this cryptocurrency is going to be not clear yet, but definitely keep you up today as more information comes in. Next up, Paul Singer’s Elliott Management Corp. spoke about gold in a letter to investors. He said it is, well, the most undervalued, investable assets existing today. Hedge funds are anticipating that the precious metal will continue climbing higher in the days and weeks ahead, insisting that the debasement of money that we see happening right now by central banks could lead gold to trade at literally multiples of its current price, which we’re talking trillions and trillions of dollars here. Gold’s already at nine trillion dollars for market cap multiples. That? S local man may be gold investors. They will finally have their day in the sun. But anyway, that’s not why I bring this up. I bring this up because gold and bitcoin, they had the same awesome properties, except the Bitcoin in many respects is better. Bitcoin is easily divisible. Bitcoin can be sent anywhere in the world within minutes for a super low cost. We know for absolute certain that there will never be more than twenty one million bitcoin. And of course, Bitcoin, unlike gold, is not yet a mature asset. Gold’s got a nine trillion dollar market cap bitcoins under 200 billion. A lot of room for growth. There is not just hedge funds that are betting big on gold right now. It’s also countries as they all rush to get real hard assets in their hands. Russia’s central bank has been Mad’s stacking gold for last two years. In fact, in just the month of April, the reserves grew by over six billion dollars, or around five percent growth for their overall gold reserves, reaching a value equivalent of one hand 126 billion dollars, or more than 20 percent of the bank’s total reserves. Putin knows. He knows now. Now he just needs to get Russia onto the Bitcoin train. Come on, Vlad. Do it, man. Do it. Market by 10 billion dollars in Bitcoin, man. Boom. Haubert. And finally, Fed Chairman Jerome Powell was on 60 Minutes and look, in so many ways, this is like the perfect ad for Bitcoin. These guys really serious, wearing their suits and stuff. But if he just finished up what he said in these clips that I want to show you by saying buy bitcoin and be perfect. Anyway, let’s have a listen. Well, there’s a lot more we can do. We’re not out of ammunition by a long shot. Now, there’s there’s really no limit to what we can do with these lending programs that we have. Fair to say you simply flooded the system with money. Yes, we did. That’s another way to think about it. We did. Where does it come from? Do you just printed? Reprinted digitally, so we you know, we as a central bank, we have the ability to create money. So just to recap there, the Fed is far from out of ammunition. There is no limit to the lending that’s worrying. That really, really is. The Fed is like a kid playing a video game with the cheat codes on. Except that this is not a video game. This is the real world economy. And these monetary policies, they can crush real people in the real world because when you flood the system with money, you’re still unleashing a flood. And there are always devastating consequences from floods. And by the way, isn’t it just insane? Just thought think about that. They just printed digitally, just creating money out of thin air. That’s a magic trick. And some people still think that Bitcoin is a scam. Literally, this do just sits down at a computer. Tap, tap, tap, tap, tap. Boom. Three trillion dollars just like that. Blammo, new money is made. It’s crazy, man. And what is the effect of this money printing? Well, if you had a thousand dollars sitting in a savings account earning, you know, zero point zero one percent interest. So basically nothing. And that’s relatively typical these days, unfortunately. Anyway, that bank, that thousand dollars sits in the bank from, let’s say, 2010 until today. And thanks to inflation and all the central bank trickery, your thousand dollars in the last 10 years would have lost nearly 20 percent of its purchasing power. So you would need to now have 12 hundred dollars to have the same purchasing power that your thousand dollars had back in twenty ten. Meanwhile, Bitcoin’s gone up by nine million percent in the same time by the end of this decade. How bad will your dollar losses be if you’re sitting in a lot of dollars, a thousand dollars sitting in a bank account today, it might lose 30 or 40 percent of its purchasing power over the next 10 years. Just look at the central banks are doing right now. That’s going to have serious long term impacts. And if negative rates come into play also, then on top of the inflation, you’re also going to lose one to two percent a year out of your account, just taken back by the government, two or three percent annual inflation, two percent negative rates. Now, these numbers, they may not sound like a lot. Oh, it’s only a couple percent a year. But those effects they can compound very, very quickly over 10 years. It’s insane numbers we’re talking about over a decade. Wowsers. Anyway, what Powell saying here is nothing new. But it’s just good to hear this stuff as a reminder about the insanity of the whole central banking system and just, wow, it’s crazy. Anyway, aside from slowly robbing you by a death of a thousand cuts over many years, this also creates a systemic debt issue that as a long term threat to the entire global economy, since most countries are highly exposed to U.S. debt, U.S. has been spending more than it’s been taking in for some time. And. That’s something we’re going to have to deal with, the time to do that is when the economy is strong. When unemployment is low. When economic activity is high. That’s when you deal with that problem. This is not the time to prioritize that concern. We have the ability to borrow at low rates. We have the ability to service that debt. And I would say this is the time when we can use that strength. To our longer run benefit, the U.S. debt. It has absolutely spiraled out of control, adding another trillion dollars trillion dollars, the mind boggling amount of money just in the last month. Now it’s over 25 trillion when the economy is good. Right. They’re going to pay the debt down. They never do that. The economy is just good. Never did it. He is lying. When the crisis finishes, there’ll be more debt and zero ambition to actually pay that debt down in. The servicing of that debt will take way more taxpayer money than before the crisis is now. There’s more debt. The government is creating generations of debt. Slaves either needing to repay an unpayable debt with all the tax revenue in the United States going to pay the interest on the debt. Nothing for, you know, schools and the Rosana stuff just servicing the debt or the other option, a potential U.S. default at some point in the future. Look, both are terrible options or just keep kicking the can down the road. More inflation, more insanity, no matter what you take, it all leads to the ruin of the dollar, whether it be through insane inflation or a U.S. default or debt that just eats the country like a cancer. The dollar will not end well. These are incredibly dangerous games being played right now by these central banks. And this is why gold and why bitcoin will continue to do well. By the way, I finally bought my first ounce of gold. Well, digital gold, actually. I bought an ounce of Paxos gold, so I have an ounce of gold now sitting on the block chain in my wall. So that’s pretty cool. Actually have a gold video coming out for you soon as well. So publicly throughout the weekend. But anyway, gold and bitcoin, they share a very similar trajectory. Central banks there out of control in Bitcoin. It is the gold of the digital era. Get as much of it as you can before it takes off to the moon because it’s going to stack Satz and chill, my friends. Anyway, your question for today. Do you think that a good market for gold is going to mean a good market for Bitcoin as well? And do you personally own gold? If so, how are you holding your gold you have on the block chain like my Paksas Gold Ounce. Do you have paper gold? Maybe you’re doing gold mining stocks or perhaps just have the real deal, yellow stuff sitting under your bed or something like that anyway. Let me know down below in the comments section. Thank you so much. Watching today’s video. Quick reminder, your frickin awesome. So thank you so, so much for sport and child. Seriously, it means everything to me. So thank you so, so much for your continued support. Of course, if he didn’t join that video, whack that thumbs up button and subscribe to the channel. If you knew around here. Long live block, Jane. And peace out the next time.

source https://www.cryptosharks.net/will-bitcoin-break-in-may-2020/ source https://cryptosharks1.blogspot.com/2020/05/will-bitcoin-break-10000-in-may-2020.html

[cryptosharks1]

WILL BITCOIN BREAK $10,000 IN MAY 2020? FEDERAL RESERVE MAKES PERFECT BTC AD!

VIDEO TRANSCRIPT

Today in crypto, bitcoin continues to battle to get over ten thousand dollars. Can BTC make a definitive break this month or will it keep getting rejected at this key level? The USA could soon control 25 percent of the Bitcoin hash rate. Another massive scam that’s a cool billion dollars in crypto from unsuspecting victims. And of course, the Federal Reserve, a.k.a. Bitcoins marketing department, makes the case once again why you need to buy Bitcoin, the crypto LARC. This is resubscribe of the hottest and all of the latest happening out there in the wild, wild land of crypto. So let’s go ahead and start off today with the charts. Bitcoin is once again battling to try and close over ten thousand dollars. Now, we just had our weekly close with a strong green candle, but it has once again failed to close above that descending line of resistance that has held the price down for nearly two years. But considering how close we are, it feels like another make or break time is shaping up for Bitcoin. We keep getting pushed further and further into a corner filled with all of these critical points and key lines, resistance and indicators that are showing bullish momentum all coming together at the same time. Very exciting. If Bitcoin gets a strong rejection here, then watch for support to hold on the upward trend line on the daily. Which brings us down to around ninety two hundred dollars. But increasingly I get the feeling that ten thousand dollars is going to break here in the near future, potentially in the next week or two. I mean, just look at this, just text book, beautiful break retest and bounce off of the 200 day moving average. Now, in the event that we do actually see the price come back down to the 200 day moving average, you buy that dip, guys, you buy that dip. That is a great time to get in if we do see that retest happen once again. Also, we are now only days away from seeing a new golden cross confirm for Bitcoin. Obviously got to see it confirmed first. But should this happen, then it will probably take place around Wednesday unless the market, of course, turns on us in the next few hours. Now, if this happens, it could give us the momentum that we do need to have a really convincing break above ten thousand dollars. And I do mean convincing. I’m not talking about just a little peak above 10000 or five minutes or even just for a few hours, but actually closing multiple daily candles above ten thousand dollars after which of course, ten thousand five hundred dollars. That is the line to break. And if we can crack past that, then hold on to your butts, because things could get crazy real, real fast. And I know the last golden cross, it turned out to be a fake out. Everybody was disappointed by that. The whole Mexican beer thing really tanked the markets in a quite expect way. But I feel like what we are seeing here could potentially play out like what we saw happen back in 2015. There was a fake out. So a fake out golden cross, followed by a big drop, followed by a second golden cross. Only weeks later, this golden cross, though, was so impactful that the price of Bitcoin not fell below the 200 day moving average again until April. Twenty eighteen, a two and a half year run above the 200 day moving average. Essentially, that was just a massive bull run in that second golden cross after the first fake out was what kicked it off. And in that time, Bitcoin went up by eight thousand percent in two years time. I think we could actually looking back on this golden cross at the price of Bitcoin right now and just thinking to ourselves, wow, I’m damn glad that I bought Bitcoin all the way back then. Anyway, I think we do stand to have a really good chance right now of having an actual quite strong and convincing break above ten thousand dollars this month, a break that actually holds above ten thousand dollars. So keep an eye out for it. A big thank you to prime SBT for sponsoring today’s episode. Prime SBT is an excellent platform for trading a wide range of different assets. You can trade the top cryptos as well as Forex. Like the British pound or the euro, commodities like oil and even stock indexes like the S&P 500 all tradable against Bitcoin. Now, all of these markets are also trading with generous leverage and prime expertise does not require any KYC. So you can trade on this platform with freedom. Now, look. Trading is not for everyone. And private expertise is definitely only for advanced traders who. Then how to properly manage their risk? If that is you, then there is a link down below where you can start trading today. OK. So the first story of the day, the Bitcoin mining farm called Layer One, which is backed by Peter Teil, has stated that they want to acquire 25 percent of the Bitcoin hash rate by the end of 2021. That’s a big claim, without a doubt. It would definitely be nice to see, obviously, more distribution in terms of the geographical distribution of the hash rate moving away from China. And considering what a big part of the market that U.S. buyers are, it has actually always been a bit disappointing for me to see such small percentage of mining actually happens in the USA. Now, if they do achieve their goal, then that would make the USA number two behind China in terms of being a player in the Bitcoin mining game. Now, normally, this kind of talk is not super noteworthy. We’re going to get a lot of hash rate will. Great. But I actually think that layer one can pull this off. And it’s not just going to be talk because layer one, unlike most mining operations, they’re actually making their own rigs, which means that they do not depend on Bit Maine to get their supplies. Very interesting. The race to mine last two point six million Bitcoin is going to be fierce. The Bitcoin mining arms race is definitely heating up, especially this is going to be big during the twenty twenties. While the block reward is still above one bitcoin per block. Gotta get them all. You gotta get them all. Next up, another massive Chinese Ponzi scheme has, of course, come crumbling down with a series of arrests, including one of the masterminds of the previous plus tokin scam that has been responsible for many of the market dumps that we’ve seen over the last year. Plus, Tolkan ended up getting around 200000 Bitcoin in total. Now, this scheme called Woa Tokin, took in around a billion dollars where the crypto 46000 Bitcoin, two million a theory M three under thousand light going more than 50000 Bitcoin cash and a little more than half a million iOS. There are nearly 750000 people who fell victim to this scam, which of course, just the typical. There is a magical algorithmic trading bot that’s gonna make you X percent of money per day. Smoke and mirrors, smoke mirrors. That’s it. Please be careful out there, everyone. There is just such an insane amount of scamming going on in crypto. If someone is promising you two percent a day or something, that’s a scam. Please, please be careful. It’s crazy out there. These guys will go to the ends of the earth to try and get your money from you. So don’t let them do it. Now, it’s not clear at this time. The authorities also got a hold of the keys to the crypto wallets. And if so, what will be done with those crypto wallets next? Or if the scammers still have them, some scammers anyway. Anyway, what the fate of this cryptocurrency is going to be not clear yet, but definitely keep you up today as more information comes in. Next up, Paul Singer’s Elliott Management Corp. spoke about gold in a letter to investors. He said it is, well, the most undervalued, investable assets existing today. Hedge funds are anticipating that the precious metal will continue climbing higher in the days and weeks ahead, insisting that the debasement of money that we see happening right now by central banks could lead gold to trade at literally multiples of its current price, which we’re talking trillions and trillions of dollars here. Gold’s already at nine trillion dollars for market cap multiples. That? S local man may be gold investors. They will finally have their day in the sun. But anyway, that’s not why I bring this up. I bring this up because gold and bitcoin, they had the same awesome properties, except the Bitcoin in many respects is better. Bitcoin is easily divisible. Bitcoin can be sent anywhere in the world within minutes for a super low cost. We know for absolute certain that there will never be more than twenty one million bitcoin. And of course, Bitcoin, unlike gold, is not yet a mature asset. Gold’s got a nine trillion dollar market cap bitcoins under 200 billion. A lot of room for growth. There is not just hedge funds that are betting big on gold right now. It’s also countries as they all rush to get real hard assets in their hands. Russia’s central bank has been Mad’s stacking gold for last two years. In fact, in just the month of April, the reserves grew by over six billion dollars, or around five percent growth for their overall gold reserves, reaching a value equivalent of one hand 126 billion dollars, or more than 20 percent of the bank’s total reserves. Putin knows. He knows now. Now he just needs to get Russia onto the Bitcoin train. Come on, Vlad. Do it, man. Do it. Market by 10 billion dollars in Bitcoin, man. Boom. Haubert. And finally, Fed Chairman Jerome Powell was on 60 Minutes and look, in so many ways, this is like the perfect ad for Bitcoin. These guys really serious, wearing their suits and stuff. But if he just finished up what he said in these clips that I want to show you by saying buy bitcoin and be perfect. Anyway, let’s have a listen. Well, there’s a lot more we can do. We’re not out of ammunition by a long shot. Now, there’s there’s really no limit to what we can do with these lending programs that we have. Fair to say you simply flooded the system with money. Yes, we did. That’s another way to think about it. We did. Where does it come from? Do you just printed? Reprinted digitally, so we you know, we as a central bank, we have the ability to create money. So just to recap there, the Fed is far from out of ammunition. There is no limit to the lending that’s worrying. That really, really is. The Fed is like a kid playing a video game with the cheat codes on. Except that this is not a video game. This is the real world economy. And these monetary policies, they can crush real people in the real world because when you flood the system with money, you’re still unleashing a flood. And there are always devastating consequences from floods. And by the way, isn’t it just insane? Just thought think about that. They just printed digitally, just creating money out of thin air. That’s a magic trick. And some people still think that Bitcoin is a scam. Literally, this do just sits down at a computer. Tap, tap, tap, tap, tap. Boom. Three trillion dollars just like that. Blammo, new money is made. It’s crazy, man. And what is the effect of this money printing? Well, if you had a thousand dollars sitting in a savings account earning, you know, zero point zero one percent interest. So basically nothing. And that’s relatively typical these days, unfortunately. Anyway, that bank, that thousand dollars sits in the bank from, let’s say, 2010 until today. And thanks to inflation and all the central bank trickery, your thousand dollars in the last 10 years would have lost nearly 20 percent of its purchasing power. So you would need to now have 12 hundred dollars to have the same purchasing power that your thousand dollars had back in twenty ten. Meanwhile, Bitcoin’s gone up by nine million percent in the same time by the end of this decade. How bad will your dollar losses be if you’re sitting in a lot of dollars, a thousand dollars sitting in a bank account today, it might lose 30 or 40 percent of its purchasing power over the next 10 years. Just look at the central banks are doing right now. That’s going to have serious long term impacts. And if negative rates come into play also, then on top of the inflation, you’re also going to lose one to two percent a year out of your account, just taken back by the government, two or three percent annual inflation, two percent negative rates. Now, these numbers, they may not sound like a lot. Oh, it’s only a couple percent a year. But those effects they can compound very, very quickly over 10 years. It’s insane numbers we’re talking about over a decade. Wowsers. Anyway, what Powell saying here is nothing new. But it’s just good to hear this stuff as a reminder about the insanity of the whole central banking system and just, wow, it’s crazy. Anyway, aside from slowly robbing you by a death of a thousand cuts over many years, this also creates a systemic debt issue that as a long term threat to the entire global economy, since most countries are highly exposed to U.S. debt, U.S. has been spending more than it’s been taking in for some time. And. That’s something we’re going to have to deal with, the time to do that is when the economy is strong. When unemployment is low. When economic activity is high. That’s when you deal with that problem. This is not the time to prioritize that concern. We have the ability to borrow at low rates. We have the ability to service that debt. And I would say this is the time when we can use that strength. To our longer run benefit, the U.S. debt. It has absolutely spiraled out of control, adding another trillion dollars trillion dollars, the mind boggling amount of money just in the last month. Now it’s over 25 trillion when the economy is good. Right. They’re going to pay the debt down. They never do that. The economy is just good. Never did it. He is lying. When the crisis finishes, there’ll be more debt and zero ambition to actually pay that debt down in. The servicing of that debt will take way more taxpayer money than before the crisis is now. There’s more debt. The government is creating generations of debt. Slaves either needing to repay an unpayable debt with all the tax revenue in the United States going to pay the interest on the debt. Nothing for, you know, schools and the Rosana stuff just servicing the debt or the other option, a potential U.S. default at some point in the future. Look, both are terrible options or just keep kicking the can down the road. More inflation, more insanity, no matter what you take, it all leads to the ruin of the dollar, whether it be through insane inflation or a U.S. default or debt that just eats the country like a cancer. The dollar will not end well. These are incredibly dangerous games being played right now by these central banks. And this is why gold and why bitcoin will continue to do well. By the way, I finally bought my first ounce of gold. Well, digital gold, actually. I bought an ounce of Paxos gold, so I have an ounce of gold now sitting on the block chain in my wall. So that’s pretty cool. Actually have a gold video coming out for you soon as well. So publicly throughout the weekend. But anyway, gold and bitcoin, they share a very similar trajectory. Central banks there out of control in Bitcoin. It is the gold of the digital era. Get as much of it as you can before it takes off to the moon because it’s going to stack Satz and chill, my friends. Anyway, your question for today. Do you think that a good market for gold is going to mean a good market for Bitcoin as well? And do you personally own gold? If so, how are you holding your gold you have on the block chain like my Paksas Gold Ounce. Do you have paper gold? Maybe you’re doing gold mining stocks or perhaps just have the real deal, yellow stuff sitting under your bed or something like that anyway. Let me know down below in the comments section. Thank you so much. Watching today’s video. Quick reminder, your frickin awesome. So thank you so, so much for sport and child. Seriously, it means everything to me. So thank you so, so much for your continued support. Of course, if he didn’t join that video, whack that thumbs up button and subscribe to the channel. If you knew around here. Long live block, Jane. And peace out the next time.

source https://www.cryptosharks.net/will-bitcoin-break-in-may-2020/

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What the HEX: A Look at Richard Heart's Controversial New Crypto

New Post has been published on https://dailybitcoinupdates.com/what-the-hex-a-look-at-richard-hearts-controversial-new-crypto/

What the HEX: A Look at Richard Heart's Controversial New Crypto

HEX is a new financial tool and cryptocurrency launching on the Ethereum network via a Bitcoin UTXO snapshot on December 2. Critics are questioning HEX’s legitimacy, calling it a colossal cash grab and privacy compromise. Devout fans can’t wait to claim their tokens and start staking. So who’s right and who’s wrong?

Richard Heart, the outspoken man behind HEX, sat down with Cointelegraph to talk about the upcoming launch and counter a few of the criticisms surrounding the project.

Heart explained that HEX is the world’s first high-interest blockchain certificate of deposit (CD), letting users stake their tokens in return for interest. Users can enjoy interest payments ranging from 3.69% if 99% of the total supply is staked, up to an improbable and enormous payout of 369% if only one percent of the total supply is staked — paid out in HEX tokens. It’s worth noting that the monetary value of such a payout depends entirely on the market value of HEX at the time of maturity.

“It’s the world’s first blockchain CD that attacks the largest market in the banking ecosystem outside of savings accounts,” Heart said.

Move over, big banks?

HEX is essentially a crypto version of the traditional fixed deposit. The client-side looks like the popular banking instrument: a user locks up funds, then receives their invested principal plus interest when the term matures.

“Banks use your money as a sort of collateral that’s just an excuse for them to borrow money from the government at extremely low rates,” Heart said.

HEX fixes this…

Meanwhile, Bitcoin has some serious limitations, Heart explained. “What does Bitcoin do? It lets you enter a number on your screen which changes the number on someone else’s screen. It makes sure nobody does that twice by burning millions of dollars in electricity.”

Of course, the cost to secure a single such transaction is far from millions of dollars, but Heart has a soft spot for hyperbole.

Heart said Bitcoin prices can spiral downward due to miner competition, causing difficulty to spike to all-time highs while the market price dwindles. Miners have to keep selling more of their newly minted coins, and thus continue to push the price further down. Heart neglected to mention Bitcoin’s difficulty adjustment system, which finds an economic balance between mining costs and monetary rewards.

Rather than losing against inflation, HEX users earn it by locking up coins, Heart said. People are competing against each other for larger and longer stakes, starting as early as possible, in order to get a larger piece of the profits. “If you end your stake early or late,” he said, “you’re penalized.” Only users who don’t lock their coins suffer from inflation because they’re not letting the rest of the world know when they will sell them. “It’s a truly unique system. It’s the first of its kind,” Heart beamed.

Heart complains that Bitcoin’s system still has critical bugs that aren’t solvable by wasting more electricity. “Bitcoin’s security model burns millions of dollars but starves developers of money, has no security audits, and no bug bounty.” Heart continued by pointing to the decline in wider Bitcoin adoption: “Fewer people accept it, it has fewer addresses, fewer Google searches, only minor upgrades besides SegWit… Lightning only has $6 million in total, and also has critical vulnerabilities from time to time.”

Heart explained that HEX solves these problems. “It does everything Bitcoin does, but better, except liquidity, but that’s because it’s brand new.” First, Heart pointed out that users can profit from referrals.

Secondly, lending BTC in the hopes of making interest requires trust, whereas HEX does not, Heart said: “To earn money on your Bitcoin, you have to lend it out to a counterparty and hope that you ever see it again. With HEX, you lock it in a smart contract. It’s trustless interest.”

This programming is secure, he explained, since the consensus code that controls the inflation and validity of coins is locked in a smart contract. Developers can’t accidentally generate a bug, he said. “But in Bitcoin, if you try to improve the network anywhere, your changes touch the consensus code. That’s how that last inflation bug got accidentally put in there.” Heart compared such a change to upgrading an airplane’s software while it’s in the air — a dangerous, difficult task.

10% of the world will hate you

Many criticisms aimed at HEX focus on Heart’s potential to make the lion’s share of profits from the scheme. The origin address, an element of the scheme that users are obliged to trust, receives a massive portion of claimant bonuses. “Whoever holds the keys to the origin address is going to be happy,” Heart said with a chuckle.

When asked for his thoughts on HEX, Cryptoconomy podcaster Guy Swann took the question to his listeners. “I started a thread in our Cryptoconomy Telegram group and it got out of control, fast,” Swann said. “I can’t believe how this thing is set up. Its core design could make it one of the most prolific schemes to funnel money to a single party that I’ve seen in the crypto space.” Swann expressed further concerns, comparing it to OneCoin in its “brazen means of aggregating vast sums (upwards of two-thirds) of all invested ETH and HEX supply under a single entity’s keys.”

Swann explained, “To get HEX after the airdrop, you participate in an ‘Adoption Amplifier,’ which makes a game out of bidding on new HEX tokens by sending ETH into a ‘pool’. That ETH then goes directly to Richard…” Swann concluded, “Everything in this ridiculous token is designed to look like a game and encourage gambling. But the one universal factor in every game element is that Richard gets wealthier and you get a worthless token that he invented for free…”

Others have fired criticisms at Heart for HEX’s purportedly Ponzi-like structure, as well as for privacy and security concerns regarding its claiming process. Vlad Costea, a writer at Bitcoin Magazine, presented a range of arguments against HEX’s purported legitimacy, calling it a scam back in January 2019 when it was originally branded as “Bitcoin Hex.”

Costea wrote: “Bitcoin Hex resembles a Ponzi scheme…” He criticized the project as a sort of “fool’s gold,” promising to “make everybody richer at the expense of a simple sign-up process.” The writer also pointed to privacy concerns regarding the claiming process.

During the launch phase, anyone holding Bitcoin can claim 10,000 HEX for each Bitcoin stored in a wallet address. Costea wrote,

“People watching the weekly interviews and understanding the process will probably think that they have nothing to lose. But the price to pay is privacy itself, as participants to the Hex scheme willingly reveal to the public how many bitcoins they own (unless they obfuscate their transaction history with a tool like Wasabi wallet, that is).”

Following a barrage of criticisms fired at HEX, Costea concluded that the tokens will have no value, with gullible traders left handing over their valuable crypto gold for worthless stones.

The project uses “tactics a scam might use”

Heart justified the design of HEX’s payment system: “The market sets the price. If no one wants in, the price will be nothing.” He took a lighthearted approach in handling critiques of outright fraud: “So there’s this trustless thing that people can use — or not — and pay what the market says it’s worth — or not. Scam!”

Heart elaborated: “I don’t care who you are, 10% of the world will hate you. In crypto, there’s a tribalism that every coin you buy is a world-changing amazing thing. Every coin anyone else buys is a scam by default.”

He also responded to critics bemoaning his financial success and profit-seeking motivations: “They’re closet socialists. They say, ‘I’m poor, so I want you to be poor, too.'”

Heart addressed the issues surrounding privacy and security, saying “every HEX claim is safe and secure.” For extra anonymity, users can claim each “BTC Freeclaim” to a new ETH address over TOR and click “new circuit” after each claim. Heart said, “I don’t know your IP. I don’t know your name. I know the public address that has claimed HEX. It’s like knowing you have a front yard and people can see your front yard.”

Heart continued:

“I don’t want your data. If I wanted to know your IP address, I could set up a Bitcoin node and just listen, or I could buy a wallet company or make an app. It’s so stupid.”

Heart has extremely ambitious hopes for the project, envisioning HEX “overtaking all other cryptocurrencies… and onboarding people in the real world.” He explained the project uses “tactics a scam might use,” like referral bonuses, in order to attract interest — but offers an honest, real project.

There is no doubt that Heart is a master marketer and salesman. He appears to be genuinely passionate about the project, aiming to recreate the early days of free mining, $1 Bitcoin, and massive profits for the fortunate few. Exactly how few will benefit from HEX is yet to be determined.

Richard Heart is pitching his new controversial crypto HEX as the first high-interest blockchain certificate of depositRead More