Daily Crypto Markets Live Blog: Short Bitcoin Fund Second Largest (06/30/22)

in LeoFinance2 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.

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The prognosis or the Spot Bitcoin ETF is very slim. They believe it will be rejected by the SEC within the next week when a ruling is required.

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They will reject it because they don't want people to be able to do the math and see how much bitcoin is actually locked up vs how much is paper. An ETF would be required to buy and lock up the actual Bitcoin. Not just trade paper chits with other manipulators.

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Deutsche Bank Sees Bitcoin Returning to $28,000 by Year-End

Source

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SAMSUNG TO BEGIN PRODUCTION OF 3NM CHIPS WHICH COULD BE USED FOR MINING BITCOIN: REPORT

Looking at the number of tech companies specifically showing increase in crypto and blockchain technology, what are we to expect from Samsung?

There's been a lot revolving this tech company with crypto and NFTs

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That sounds a great news, being able to mine faster and with lesser power consumption is a good thing.

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I have seen a lot of similar headlines in 2018 for a lot of tech companies but very little came of it.

Won't believe it until I see it.

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That's good news. Seems like big tech companies are trying to dive into the crypto space and utilize every opportunity available.

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Seems like a lot of demand for BTC shorts eh? I hope everyone is ready for a lot more downward movement.

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It does appear that way. Of course, there is no spot Bitcoin ETF thanks to the SEC.

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Interesting, who let the bears out?

However, there's been some interesting data I've been watching...

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Balance in all exchanges are on a negative currently, good sign and would be something to note that coinbase no longer controls the highest balance after a long time...

In no time, there would be only but a few bitcoins available, 1 BTC = $?

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REMINDER!!!

We are getting to that time of day.

It is #CANDIE time. Make sure you are filling your jars.

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Just bagged mine :)

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I reached the 6th floor, I will be at the top tomorrow. :)

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Congrats, was there too this morning :)

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Looks like we're all at the top tomorrow. Let's celebrate this!

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Yes, it will be awesome to celebrate every win, big or small :)

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Any kind of victory is exciting.

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That's right, always good :)

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Me too me too 😉💃🏻🥳

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Let's celebrate it tomorrow! 😉🥳

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We sooo will… as it will be 💯🥳🥳🥳🥳
YAY

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60 today, thank you. We love to stack up on sweets.

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Congrats and good day to you 👋🏻😁

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Thank you Jackie, good morning to you and have a fab preparation for your Friday trip to Paris :)

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You are welcome @ifarmgirl 😁
Thanks so much… after catching up I pack our bags.
We leave home at 2am hahaha driving to the airport and catching the first plane out… ouch hahaha very very early.
But sooooo worth it ✈️✈️✈️ Paris here we come 🥰

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Oh, that's very early indeed but surely you will have fun. Squeeze me in your luggage please? LOL!

Have an amazing time on your adventure. Bonjour! hehe!

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Bonjour 👋🏻

It sure is early… 😉🤓
Before the suitcase reaches you we will be back again hahaha 🤣

Thank you so much, I will… enjoy your next days too 👋🏻💃🏻☀️

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thanks so much, i just got my 30 into the jar, still climbing and filling

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Got my 60 Candies this morning 🥳🥳

Good morning, day and evening all 👋🏻💃🏻☀️
Enjoy your day!

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Back to start today. Only got 10

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Crypto PAC getting their feedback. How did they fare in the primaries Tuesdays.

Mixed results.

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$HIVE is at 64 cents.

Still bouncing around in an elevated range compared to where it was in the passed.

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It's strange and interesting too. Initially I thought it was a short-lived spike but in a hindsight I was made to convince that HIVE is sustaining that candle, the candle has closed green. It's really good for HIVE hodlers. It will also make HIVE easy to sustain the 0.3 to 0.35 zone, which might become the multi-year support for HIVE.

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Yes, it’s interesting to see. Good for Hive 😁

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Only thing fuckin hive up is the market circle, should probably be riding above $10 by now, I mean judging by its resistance, it's a struggle to move up.

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I agree with you on that. If not for the market crash, Hive would be a better and bullish position by now.

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It looks pretty good.

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Back to $0.55 now but still holding strong. I just hope the demand is organic and not some centralized exchange fuckery we aren't aware of.

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I hope so too.

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Changpeng Zhao says Many may laugh at him now, but Saylor will get the last laugh in time.

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If BTC keeps going underwater we will laugh at them both.

Also a bit stupid to call this brave when the man bought $400M worth of Bitcoin at $60K+. Seems like a bad case of FOMO to me rather than strategic investing.

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It seems silly to buy at 60K as Bitcoin has crashed. But when Bitcoin exceeds 60K, everyone will call this investment wise. 😆😊😃

Honestly, I wouldn't have bought 60K, I made some sales back then. But in the long run, I believe that there will be no loss in buying from 60K.

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That is true. Taking the long game is always providing better opportunities to win.

However, buying during a pump is not wise. After all the NASDAQ did pass the dotcom era, 14 years latter.

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You are absolutely right it is not wise to buy during a pump. My most important rule is that no matter what asset, I don't sell when it's dropping hard, I don't buy when it's rising hard.

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Bitcoin maxis will bitcoin maxi.

They cant help themselves. Bitcoin at any price is a buy.

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He is true only if someone like him is a long-term investor. The short-term things are chaos and noise. But Saylor too is overstretched and an obsessed investor. It's more about your intention not about the impulsive decision.

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I never felt that Saylor was a nervous and obsessive investor. In general, I saw that he had a relaxed attitude in his speeches.

He says he usually thinks long term

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When Saylor insisted his followers buy Bitcoin at the 60k level and even to the extent of telling fellow investors to sell everything to buy Bitcoin at 60k level, what would you say? Even moderate investors in Hive could advice better to his followers. I was surprised when I found those tweets when Saylor was obsessive at 60k level anticipating a blow off top which did not happen this time

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You may be right about this, but in the end, everyone gives advice. Frankly, I don't invest with someone's advice, so I ignore such statements.

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Yeah, as far as investing is concerned it should be convivning for the investors. The whole idea of engaging over social media and even for the matter of investment advice is more about having an exposure to different perspectives. Blinidly subscribing to anything is detrimental to overall financial health.

Anyone who invests blindly will eventually lose their assets.

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If you take disciplined form of DCA or see things from truly long term perspectives, none of it matters.

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Hmmm, he's supportive :)

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From the very beginning, he has taken a very determined stance in support.

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He sure is very open and vocal about his stance.

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It seems so

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For Ric Edelman, a former independent financial advisor and founder of Edelman Financial Services, cryptocurrency "represents a wealth creation opportunity that we haven’t seen in 35 years.” Source

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Of course it has.

There has never been something like crypto ever built before.

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Yup, crypto is the future.

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On my way there. Interesting times ahead.

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The stock market getting hit again.

A red day.

Even commodities are getting crushed.

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