Daily Crypto Markets Live Blog: Bitcoin Heading Towards $45K (02/08/21)

in LeoFinance4 years ago

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Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.

We are open 24/7/365.

Stay Informed About LEO!

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Speaking of being rewarded for comments...

I encourage you guys to jump into the comments section of my what gives play-to-earn game tokens value blog.

The quality is high and the rewards are flowing.

You might even learn a thing or two!

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That's a good example of something I'd like to see more on Leo and Hive as a whole. True engagement!

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Aha yes I'm always frustrated when some user don't even upvote or respond to comments under their posts :')

I would love to have more comments and each time I have I upvote and reply !

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Me too.

Everyone should at least be replying to comments left on their own blogs.

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It all starts with authors simply replying to those who leave comments on their blogs.

Those with large stake are hopefully taking note of who does this and incentivising this type of value-adding behaviour.

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I have jump on that already and I think it is very interactive comment section.

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Thanks for jumping in and leaving a comment.

I'd still love for you to expand on the features that you think make the Splinterlands economy robust as well as what you're excited about the team developing.

;)

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I did. I learned that I am still not an expert at gaming. LOL

It is a great way to understand some of the tenets of gaming. We have so much taking place within cryptocurrency that it it mindblowing.

This is getting very close to being a major explosion on a scale few can imagine.

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Haha, nobody is an expert though.

We're all here on the cutting edge of exciting new tech.

Just being active and offering our 2c where we can, helps the whole scene move forward.

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REMINDER!!!

It is #CANDIE time for all those with a major sweet tooth.

Fill up until your bellies hurt.

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Today I was on top of the hill....tomorrow back into the valley.

100 CANDIES.

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40 candies today for me...

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50 candies today

Halfway there!

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Back to 10 today. Just another Monday...

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Done, tomorrow is the big day 🍭🍬

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Gotten mine. Thanks for the reminder

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A good discussion starter that probably deserves more of a look.

Go and check it out.

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This is almost a day old but it's a great read so I thought I'd share it here in case anyone missed it.

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Can Bitcoin push through $45K?

It had some momentum before seemingly stalling out.

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The only thing I know is that it won't do what people expect. If you see a lot of shorts coming in at $45k, it will probably go over $50k. If you see it run through $45k and a bunch of longs get in, expect another liquidation sale back down into the $30s. In the meantime, I'm just stacking those sats. Momentum is continuing to build on a global level. It may not seem like it being that we're on the inside seeing things daily, but I think from a broader perspective, it's undeniable.

Just look around. El Salvador, CityCoins, US tax code changes, India laws, etc. They are all signs that the world keeps picking away at the things holding us back and they are crumbling one by one.

To be honest, my biggest "fear" continues to be a Black Swan event from the Chinese/Russian governments. Maybe a massive EMP from space they've developed or those Sonic weapons they used in Cuba. I'm not saying something like that is imminent. I just think there's more to the Chinese kicking out the miners than meets the eye. Like, they know they can cripple the network somehow and want to make sure they don't have too much exposure to it. Just my thoughts on it...

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EMP would be the worst thing of the options you listed. Worse than the EMP would be a CME (coronal mass ejection) from the Sun which hits Earth and fries the worldwide electrical grid. Cryptocurrency then goes "POOF!!" and those holding precious metals would rule. And guess who has most of the precious metals? Asia plus European Russia.

I'm not saying things will go that far, but it's why I keep saying "Both...and..." when it comes to crypto and precious metals. Turning it into a "...versus..." or "either...or..." situation is a mistake.

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Sounds like something from a sci-fi movie but scary never the less. Let's see how things pan out during the course of the year.

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Yea, it's hard to tell. The market seems to be good but you never know where it will go.

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Next few days will determine a lot but I see the market going anytime soon

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Nobody likes bear run, seeing hive at this price is giving me joy.

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$HIVE hanging around $1.25.

We will see what that has in store. It seems to be consolidating a bit.

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Not a bad price point. I think some consolidation now can be healthy

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I'm not going to lie, I feel a lot more comfortable with the price here than I did with it over $2 or around 80 cents. For whatever reason, it just kind of feels to me like this is where it should be trading: somewhere between $1.10-$1.80. I don't know why. It just seems like a fair valuation at this point.

With everything coming down the pike yet this year, I think it gives us a lot of room to the upside without going crazy. If we can just continue to hold these levels for a while, I think it will create a very nice base to jump off of when the time comes and will help create a new floor in the future.

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Yeah, I know what you mean and I feel the same. For some reason, it looks like a good place to be for the time being.

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Nobody likes bear run, seeing hive at this price is giving me joy.

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It seems that countries are intent on pushing Bitcoin mining out of their country.

The West got a huge jump by being the ones who created the internet. Now we are seeing the next generation and many countries are pushing it away.

This mistake will be clear in 7-10 years. A major blunder that is only going to put them further behind.

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Well, this just looks like a simple case of supply and demand. The country as a whole is having blackouts because they can't meet the power demands. Considering the massive amounts of power these miners use, it only makes sense to go after them first. Plus, from what the article says, it might be a 500% tax increase but that's not the whole story. It looks to me like it's more of a case of the initial rate they were charging being very low rather than the country all of a sudden gouging the miners, so the new rate is maybe not as high as it would seem.

Either way, something obviously had to be done as they're right in the middle of winter with power blackouts. Not a good situation for the people. Of course, I'm sure they could all gather around the mining outfits and get as much heat as they could want....

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Wow, it looks like they didn't learn anything from China... I wonder where those miners will go next

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Indonesia has plenty of volcanoes from which the miners can tap geothermal energy for their mining rigs.

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That's nice. I don't know the stance of their governments towards crypto but it could be an option.

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India is closer to Kazakhstan than Indonesia, and I think India has volcanoes as well. I menttioned Indonesia instead of India because Indonedia may have a more mellow economic environment and it can use ways to attract more business. A side effect of this may be improvement in the exchange rates for the IDR.

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Will Green end up going the way of Sin Stocks in the 1990s?

For now it is big money even if it doesnt like mean much. Sellers ie Wall Street know how to cash in.

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Just another way of trying to get an actual Bitcoin ETF approved, in my opinion; Chinese water torture against the SEC. Just keep pounding away at the door. Eventually they will slip up and let something through and the floodgates will open.

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That might be true although the ESG is much bigger than Bitcoin and started long ago.

Pension funds are investing in a lot of these projects, many that are going to end up bust. This will only put more pressure on those funds which are already seriously underfunded.

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This is a welcomed sight. Actually just a reversal of prior stupidity but alas, that is how government works.

Now we just need to develop a digital ID system that has privacy and really send governments reeling.

Maybe MimbleWimble will be the first step in a multi-faceted development process.

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How easy would it be for Hive to incorporate MimbleWimble?

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I honestly have no idea. It seemed like it was a nightmare for Litecoin...two years plus in the making.

It would be interesting to know though.

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It does seem like it would be a nightmare to incorporate MimbleWimble into an exisiting cryptocurrency network. Maybe it's easier for a new crypto to incorporate it from Day 1 than it would be for an existing crypto to backfit or retrofit it. At least Litecoin proved to the world that it can be done.

I wonder if any other cryptos are using MimbleWimble. If not, then that can be its Unique Selling Point (especially when people compare it to Bitcoin).

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I would imagine that since Litecoin is a fork of Bitcoin that means the others can use it.

But that is just a guess, no way of knowing for certain.

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While Litecoinis a hard fork of Bitcoin, who knows how many upgrades and network modifications took place over the last 10 years or so. For a cryptocurrency which doesn't do much (since nearly all the action is on the buyer side), Bitcoin itself has undergone changes over many years.

If Bitcoin can use MimbleWimble, can Dogecoin be far behind? Dogecoin is a hard fork from Litecoin, so it is in the realm of possibility.

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Another small step in the right direction. Once they get some actual laws on the books, it will be a lot easier to make changes as needed. It's just getting it started that's the hard part.

I'll be interested to see who comes out as the leader opposed to this. You know the legacy system won't take this sitting down. It becomes a very slippery slope for them once the door is cracked open.

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It becomes a very slippery slope for them once the door is cracked open.

Cracked or blow over, what is the difference?

Ultimately, I think crypto is just a water behind a dam. The longer it amasses, the more powerful the bursting.

We know things are already moving in a lot of different directions, far too many for the governments to keep tabs upon.

That is why we are involved in some major guerilla tactics. They have no idea where the hit will come from.

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Well Fargo, the crooks they are, has an outlook on the cryptocurrency industry.

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The numbers speak for themselves. The industry is going to explode in users with or without them. The writing is on the wall. Notice, however, that these legacy banks are once again only opening this stuff up to "qualified" investors. They'll be sticking it to the little guy and only allowing the wealthy to participate.

Either way, it's good for the growth of crypto. It will be nice to someday be selling my 1000x's to these legacy banks just getting involved. At that point, hopefully we won't even need the banks for anything.

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The little guy is going to become very powerful through cryptocurrency. All of us are seeing our bags getting bigger on here. Each year, we see growth even in the bears. When the mega bull does emerge, there are going to be a lot of millionaires simply from Hive.

And we do not forget. The trillions in value that will be assigned to crypto will be in the hands, in large part, of little guys who have no use for the Wall Street elite.

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Ha ! I just closed my Wells Fargo Accounts earlier today!!

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Good job.

As bad as all bankers are, they are the most crooked. Hard to believe that is possible but Wells Fargo is in the penalty box for being too corrupt for even the bankers.

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yeah, I'm reminded of the time they created fake / unauthorized accounts to meet a quota haha on top of so much other corruption!

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Yep. That is overt. Amazing how the Feds didnt break them up. That bank needs to be put under.

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Is there any way to set up an autoclaim and stake for all of the Hive Engine tokens?

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We seem to get this question a lot.

I have never manually claimed Hive-Engine tokens and actually don't think you can.

They just automatically claim at different times and appear in your wallet (usually every 24 hours on LEO for example).

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auto-stake would be nice instead of having to go down the line individually daily. It'd kind of tedious some days, but I guess thats a good problem in a way :). Better to have a bunch of tokens to stake then none!

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Auto stake would be nice, because those goin are always very much. If not auto stake for everything atleast for important coin like leo

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You can actually claim but usually when they are claimable they are automatically send to your balance in less than 24 hours.

But I don't know about the auto stake ! That would be great to choose which token to auto stake ! !PIZZA

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PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@ykretz.leo(1/5) tipped @forexbrokr (x1)

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The EU is taking steps to reduce the dependence on Asia for semiconductors.

All major economic centers are making this transition.

Japan is funding a plant for Sony/TSMC.
The US has about $100B in plants being built.
And now the EU is putting forth near $50B.

This is how quickly things can change.

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Ohio getting into the game with a $20B investment from Intel.

This in addition to Arizona and Texas.

There is also a rumor that someone (Micron?) is going to build a big facility in North Carolina.

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The race is getting very serious.

We are going to see some serious buildout over the next half decade. If there is a place to invest, it would be in semiconductor construction. Imagine an ETF for that.

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Decentralization + NFTs + Games + Finance = GameFi = 1000x opportunity to bring the next billion into crypto.

https://hackernoon.com/gamefi-is-the-next-1000x-opportunity-to-bring-the-next-billion-into-crypto

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Good read that.

GameFi!

I have been using 'gamified DeFi' to describe dApps like dCity.

dApps that are pretty much just DeFi disguised as games haha.

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The feds just seized $3.6B in bitcoin. Are they going to dump or not?

https://www.cnbc.com/2022/02/08/feds-seize-3point6-billion-stolen-from-bitfinex-hack.html

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