Seattle Seahawks vs. New York Giants FREE LIVE STREAM (10/2/23): Watch NFL Week 4 online | Time, TV, Channel
Staffers in suits were seen hauling bag after bag of McDonald’s into the Centre Street complex during a lunch break.
Pope Francis suggests blessings for same-sex unions possible in response to 5 conservative cardinals
Pope Francis has suggested there could be ways to bless same-sex unions, responding to five conservative cardinals who challenged him to affirm church teaching on homosexuality ahead of a big meeting where LGBTQ+ Catholics are on the agenda.
The following is a listing of all home transfers in Cumberland County reported from Sept. 25 to Oct. 1. There were 28 transactions posted during this time. During this period, the median sale for the area was a 960-square-foot home on Pine Road in Millville that sold for $238,000.
John Yoo, a prominent GOP legal commentator, claimed Donald Trump has given up hopes of winning his $250 million civil fraud trial in New York and is instead focused on using the case to “amplify his political message.
Orange County prosecutors weigh whether to charge the Los Angeles County sheriff’s deputy implicated in a Mission Viejo car wreck that killed two Marines.
Seven different players scored touchdowns and its defense allowed just 59 yards of total offense as Mainland rolled to a 58-0 victory over Bridgeton in West Jersey Football League play Monday afternoon.
Unlocking The Psychology Of Bitcoin’s Bear Market
Bear markets in Bitcoin are brutal… and long. They’ve historically seen prices fall 70-80%+ and last about 1,000 days.
However, each time (3) the market tends to forget just how bad a Bitcoin bear market is. That’s where we are now.
You’re hearing calls that this is the worst bear market ever and it’s so much longer than before. It’s not. It’s inline and has similar characteristics to all of the past Bitcoin bears. From a valuation standpoint, Bitcoin was this cheap on a relative basis back in 2011, ‘12, ‘15, ‘16, 2020, and now.
Bitcoin is in that part of the bear, the last third, where you see everyone’s hands go up. Everyone throwing in the towel, even the most gung ho Bitcoin influencers begin losing their steam and questioning their maximalist stance. It’s not openly said, but you can tell by the posts or lack thereof. However, Bitcoin bears are when Bitcoin is built. So, there is a necessary beauty to this evil pain.
In general, I get the psychological nature of it. We all do. Because losing’s no fun. Just ask Deion Sanders. He’s a winner first and only likes to win. He’s open about it. Flamboyant about it.
Here are a couple of noteworthy quotes of his that help us relate.
Time is a Wonderful Storyteller
This really fits!! Bitcoin halvings, the epochs, each have its own story and they require time to be told properly. Relatively speaking, a lot of time… Four years worth of time.
Each is slightly different, but yet is still the same as any other monetary story throughout history.
All money stories are filled with one key ingredient – man’s battle with the highs and lows tied to greed. Bitcoin’s story just so happens to be telling us how we’re transitioning money from the physical world to a digital one.
In the worst case, I believe it’s telling us how we’re building a parallel financial network that mimics the one we already know (image below). And at best, it’s telling us how we’ll fix broken money altogether.
What’s a Bitcoin Halving? How Long Do They Last?
In each Bitcoin block, the first transaction is a coinbase transaction that holds the block reward and fees for mining the block.
The block reward, the amount of bitcoin in each block, halves roughly every 210,000 blocks or every 4 years.
From this, we can make some assumptions related to how bear and bull markets work. Especially with 14 years and 3 halvings under our belt. P.S. the next, the fourth, is estimated to happen in April of 2024.
Based on the data above and with a representative history of past Bitcoin bear and bull markets, we can make a fair number of assumptions and estimates about the life of a Bitcoin bear market.
Additionally, we can add traditional charting techniques to further verify, support, or deny these assumptions. It’s just another tool in the belt.
Putting it All Together
A full halving: 4 years or 210,000 blocks
bitcoin bulls (to high date): historically last 1/3 of a halving or an average of 73,832 blocks.
bitcoin bears (to next breakout, not low): historically lasts 2/3’s of the time or an average of 136,168 blocks.
On average, the bears have lasted roughly 979 days. That’s from the high day to the next breakout day. This is where the charts come into play.
If past patterns hold true, then we can expect this bear to last another roughly 300 days (almost a year) taking us to July 2024 or so (discussed a little more in the podcast above).
If this bear is like 2013 it last until around May 2024, just after the halving. If it’s like 2017, it could be September 2024.
Either way, we don’t have to be 100% right. We just need to listen to what the markets are telling us, what the fundamentals are saying, and have a general understanding of how history has played out. That’s the goal.
Will market action repeat, who knows? Will Bitcoin moon to an all-time new high? I don’t know that either. But, I do have enough information to see that Bitcoin is here to stay. The monetary rails we are comfortable using are being rebuilt to include this asset in one way or another.
The fundamental signs are there and growing. Like the Financial Accounting Standards Board’s recent announcement in favor of accounting rules that pave the way for companies to hold Bitcoin on the balance sheet.
Moves like this, along with a number of other fundamental cookie crumbs, don’t happen unless the table is being set for big boys, big banks, big funds, and big corporations to come to market.
Let’s see how the next bull plays out… When it finally gets here 😉
Mon, 10/02/2023 – 17:40
The usually private “Chandelier” singer spoke candidly about her cosmetic procedure, claiming she “doesn’t lie about s–t.”
FORT LAUDERDALE, Florida (AP) — An estimated $1.04 billion Powerball jackpot will be up for grabs Monday night, tempting players to spend a couple dollars on a long shot at instant riches.
The prize is the world’s ninth-largest lottery prize behind earlier drawings of Powerball and Mega Millions, the other nearly nationwide lottery game. The jackpot is the fourth-largest in the history of Powerball.
“If I could win it, I’d be the happiest person in the world,” said Chevy Johnson, who was buying Powerball tickets Monday at Bob’s News & Book Store in Fort Lauderdale.
The prize has grown so massive because no one has matched all five white balls and the Powerball to win the jackpot in 32 consecutive drawings, dating back to July 19.
That losing streak reflects the stunningly long odds of winning the jackpot, at 1 in 292.2 million.
Hector Griffith, another customer at Bob’s News, said that if he won, his priority would be taking care of his family.
“It would change my life, completely change my life,” Griffith said. “I can’t wait to win it.”
Donnie Ross, a clerk at a BP gasoline station in New Hope, Minnesota, said when the prize grew so large for a recent jackpot that topped $1 billion, some customers spent hundreds of dollars on tickets.
“We had a huge bunch of people coming in right at the last minute to buy all their tickets before the drawing happened,” Ross said.
The $1.04 billion jackpot is for a sole winner who chooses to receive the winnings through an annuity, paid annually over 30 years. Winners nearly always pick the cash option, which for Monday night’s drawing would be an estimated $478.2 million.
A Powerball ticket costs $2 in most states and players can pick their own numbers or have a computer make the selection.
Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.