You bragging eh?
We will only get 17° on Sunday, and 5° at night.
And it's still raining by the way.
Yeah, we have April weather in May, I was hoping global warming would make it go the other way.
Nope.
We only got the downsides from GW,
local thunderstorms, stronger winds and dryness.BUT science says we are after the end of a warming cycle of the sun and global warming will likely be slowing down at least over the next 5 years.
Means more evenly distributed rain, but less windy? hmmm - not that much better anyway...
BTC recovering, time for $58k - $60k again...
#NFA
Yeah, that was pretty much predicted at least twenty years ago. The term 'global warming' was largely replaced by "climate change"* exactly because the predicted effects were that weather extremities would become more commonplace. Not everywhere will experience warmer temperatures.
So over twenty years ago, northern Europe was predicted to experience hotter drier summers, milder wetter winters and more frequent storms, for example. Which is exactly what's happening. We just had one of the driest and coldest Aprils on record, followed by the wettest first week of May on record.
[*please, let's not have another tiresome debate about whether climate change exists and/or why - that one's been done to death]Just wondering, when btc finally breaks $70k and onwards, whether it will carry the alts with it? Or will it get the cane out of the cupboard and give them a damned good thrashing?
This is a really interesting question to me currently. And I have almost no alts aside from monero... Decent bag of that but otherwise the alts I have are in the souvineer category... I even have a few ETH... talk about a shitcoin. But I guess my XMR interest feeds my alts interest.
I keep hearing people talk about "where we are in this cycle" and if it is "alt-season" or not etc. And I have watched markets long enough to know that pretty much ALWAYS when the herd is saying things like that the end up surprised by what actually happens. And it does not have to be SUPER different. It can just be a little bit different this time and still leave the herd stunned.
I think some of the differences this time are:
- Institutional interest is now well underway, though it is just at the beginning
- Nations are on the horizon
- Layer 2 and sidechains exist. They really did not last time. We have pressure release plumbing we did not have before.
I have to admit I am surprised a little that the same damn narratives are working "The next bitcoin!", "The bitcoin killer", "MySpace", and so on. But I should not be surprised. I expected it. Chances are decent this is not the last time either.
But Bitcoin is being perceived by institutions correctly as the gold standard crypto. But Joe Public sees it as expensive and wants DOGE to flip it.
So I think alts will at FIRST act like a pressure valve. Trade your BTC to litecoin first if you want to use it to buy something. But as BITCOIN network infrastructure starts actually being used, then that use case for alts dries up completely. That is going to eliminate the LTC/BCH use cases entirely.
ETH will rise (perhaps a lot) because it is still the Smart Contract/Token platform. But over time people will realize that Bitcoin can do ALL THAT on sidechains without crowding up the base layer with cryptokitties. Boom use case destroyed.
The question is how long till the people BUILDING the second order use cases (banks, merchants) realize that the tools they will want to interact with are things like Strike rather than things like ETH?
Oh, and I can only think of a single ALT who's use case is only getting stronger and very little threat is posed by Bitcoin. YET. But it too might fall to side chains that inherit all it's functionality. We are already on the way. That alt could keep running during this bull and longer though, IMHO. I will not name it, but it's ticker is WHM.
No not really.
