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We know that ex C.E. Sunak was looking at bringing digital currencies into the mainstream of banking, as are the E.U. We hope Pendulum is going to be the "one" and work for all aspects of linking digital currency transactions. We are I think looking at a global system (monopoly). Here is the thing for me, who will own the system? This is a bit like the internet, who owns the internet? If Pendulum and everything else Satoshipay has works and becomes the global standard who will own it? Would a national central bank buy it, the Fed, B of E, ECB? Do they "do" that sort of thing? We have seen the Morgan Stanley interview where one of their top men confirmed they want to use secure digital currency payment platforms and they watch events and developments closely. I think an Investment Bank type institution like M.S. will pounce on Satoshipay as soon as its offerings are proven, what happens after that I have no idea.
Re: pendulum parachain and linking digital currency transactions.
A lot of people mention how this will improve flow/exchange of Bitcoin/Various alt coins. I'm just thinking about the bear case here for BTC... Digital currencies will most likely have a place in the future, but possibly with Govt-issued currencies instead of the current digi-coins. So, assuming BTC and alt coins themselves don't succeed, to be superseded by "official" currencies...
Would Pendulum still have value for enabling these "official" Govt currencies to move around? If the technology is there, would it be bought out to enable "official" Govt. currencies? Is there still a value in it for the flow/exchange of other blockchain-related items (e.g. things like property deeds will move to blockchain, rather than paper)?
Thanks in advance, still trying to get my head round it all!
Looks good so far
In light of the upcoming Pendulum Parachain Auction and the subsequent launch set for early 2023 I have been looking at the crypto market as a whole to revue trends and attempt to put some viable guess as to where bottom is and when a turning point may come. I am of the view that bottom has roughly been hit, I could be completely wrong, but I have been seriously accumulating various crypto assets over the past 6-8 weeks accordingly, ready for the next bull run. Briefly here is why.
The basic gauge of the crypto market is Bitcoin, Various Altcoins have their own individual prospects but as a market wide measure Bitcoin (for me) is the test.
There have been 5 Crypto crashes.
2011 – Having reached $32 it fell within a few days to $0.01. This crash was largely due to the Mt Gox breach where 850,000 BTC was stolen.
2014 – It is important to remember that this is the beginning of crypto and it took a couple of years for BTC to recover but by 2013 BTC reached $100 and then surged to reach $1000 by the end of 2013 but then entered the second bear market falling to a bottom of $270 by the end of 2014, at which time it remained pretty static until Aug 2015 when the next bull run took it back to $1000 by the end of 2016 and by the end of 2017 BTC reached an all time high of $20,000.
2018 – Bear market no 3. BTC fell to $3200 by the end of 2018 (a 60% drop) but by early 2019 BTC rallied back to $10,000 and remained fairly static until a drop back to $5000 caused by the covid outbreak in early 2020. From that low point BTC made the big rally hitting around $63,000 by April 2021
Bear market no 4. BTC then experienced a kind of mini bear market falling back to around $29,000 in a 5/6 month period but it didn’t last long as by Nov 2021 BTC was knocking on the door of $70,000.
Bear market no 5 (now). The price started falling late 2021 and has continued falling to around $37,000 and started rallying again before the Terra collapse in May and has since fallen again to a low of around $18,000 and has now settled to roughly around the $19/20,000 mark in June/July 2022 where it has now been trading sideways for the last three months.
So roughly speaking
Bear market No1 – Duration 185 days and Reduction 40%
Bear Market No2 – Duration 415 days and Reduction 83%
Bear market No3 – Duration 365 days and reduction 84%
Bear Market no 4 – Duration 150 days and reduction 62%
The current bear market has now been around 330 days (started Dec 2012) and has a rough reduction of $70% from its all time high.
So for me we are bouncing along the bottom and time to accumulate and hopefully Pendulum can time its Parachain launch during the early stages of the turn next year. All IMO.
It’s each to their own and FairPlay if you do well or see a better opportunity. Could be a long few months for stocks and crypto in general.
Well done Henie, cut the bs and bash the cheerleaders haha
Jaybike, there's a difference between selling and dumping and taking the feet out from underneath a share.
*risk on asset
Agreed Lew just sat back but this is a risk off asset like the rest of crypto and other speculative investments. The fed reserve dictate the interest rates which in turn affect the US dollar and bitcoin me price, simple as that. Watch the volatility in the market tomorrow when the us inflation data comes out.
Welcome back Duke
Ouz
agree with ragnaar , mark white is not the problem here.
it was always lew, action should be taken, if it can, to hold him to account for his inaction !!
mark white may well have needed the funds for other issues, its his money, h epropelled the price on the way up, he needed the funds on the way down, thats his business !!
i b;elieve HL buy side may well be resolved very very soon, in which case mr white may well begin hios buy back at bargain basement prices and fair play to him.
no doubt at all, i am disgusted we find ourselves back plumbing the depths, but the only thiung that resolvs this debacle are
1. getting HL buy side back.
2.. certainty.... news that offers the certainty of value, .. a valuation implied or otherwise for satoshipay , Dynasty.
TF knows this and is working on it. we have a realistic chance in 2023 of substantial returns, as we saw from the same base in 2022, its not progress but it is reality
Mark please post when H&L issue is resolved, I'm avoiding my portfolio like the plague atm as I have a big arb holding so I'm hiding behind the couch waiting on hopefully better times. 0.15p was my top-up price point here so waiting to add.
Btw for what it's worth I would never criticise for selling, everyone's entitled to do as they please especially in the current climate circumstances change fast
Personally find it amusing at the desperate selling. Added a few million more today. Keep selling please. Let others take advantage.
Nice to see you back on the board Theeduke. Your add will probably go through as unknown tomorrow?
Exactly - it’s a free market place
Anyway - Nick is mopping up
Prosper - its woth pointing out again that Mark White TR1 was 21st Sept - none since.
Or if duke wants to completely close out LOL
To get 0.1 you would have to have severe distress in overall market otherwise not happening;)
blubutton, I think 0.1p is a great entry price. Could well be at that level by the end of the month if this sell off continues....
as i said many months back...
"the inexorable fall back to 0.1 continues"
Del Boy really shafted this, its now up to TF to recover it.
at leasyt we know thwere is only a maximum of 36 months left until exit and maybe exirt will happen a great deal sooner should the opportunity arise with Satosjipay anbd Dynasty.
as nic slater stated, and tony gave update in report , NAV now is 0.24...
when Dynasty and Satoshipay break cover and we get a valuation implied or otherwise for both, the share price will be many multiples of this.
cant believe we are back down here, its been a dsastrous 2022 because of lew.
however, now concentrate on the p[ositives of which there are many and await the market "catching on"
atb
blu
America’s Oldest Bank, BNY Mellon, Will Hold That Crypto Now
https://www.wsj.com/articles/americas-oldest-bank-bny-mellon-will-hold-that-crypto-now-11665460354?st=uupvgfxyqmmi5yf&reflink=article_copyURL_share
Pendulum crowdloan due 16 December, so we’ve got another 9 weeks or so for this to drift down before any hype
Gazleberry
I am here exactly for the esports. I am very interested in satoshi but give it 0 value on my list of Blu attributes. I think I therefore sit exactly between you and pablo.
I really hope it’s different for satoshi and there are some signs but I see this element more as a lottery ticket. The esports however is a real thing and I suspect it’s audience is likely to grow in times of hardship. Key difficulty for esports was a lot of the sponsor money sloshing about was from crypto and with that suffering the cash for esports took a hit.
Esports is a fascinating counterculture and I see it continuing to grow.
SatoshiPay burning cash to build software that nobody uses isn't a view, it's an undisputable statement of fact.
Your "why haven't you sold" question is tiresome. It's th exact same answer as a few weeks ago when you asked the same question.
The company was criminally misrepresented by Lew as recently as the June Half Year report, claiming to have 11 "innovative, disruptive" Investments , with TF writing off almost half of them in his first week.