Today is a pretty important day for folks who are interested in crypto. Well, it could be. I guess it all depends on how things play out for the big "Crypto Summit" that is being held at the White House today. We already had some big news last night with the executive order pertaining to a US strategic Bitcoin reserve. However, so far that seems to have been a "sell the news" sort of event.
I've seen some folks making wild claims about the sky high price they expect BTC to reach on March 7th due to the crypto summit. I've also seen some more reliable sources express their belief that the crypto summit will simply be another sell the news event. Possibly taking us even lower than we already are. Did someone say $70,000?
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
Obviously, we still aren't doing too bad. If you look at he historical price of BTC, on March 7, 2024, it was right around $66,000. Two years ago on March 7th, it was $22,400. That $70,000 doesn't look so bad now does it? I honestly don't know what the summit today is going to bring. I am pretty confident that whatever happens the rich folks are just going to continue to get richer. The hope is that some of the scraps actually make their way to us either via clearer regulations, widespread acceptance, or a face melting alt season.
Take your pick!
Splinterlands
I've been talking for a while now about the Splinterlands Node license I have been holding for a while now. I can't remember how I scraped the funds together to buy the thing, but somehow I did and it has been earning me SPS just sitting in my wallet for a couple of years now. They finally got the system launched and from what @azircon tells me you can vote for up to 10 node operators.
You can vote for node operators by following this link. I was going to try and run my own node, but despite my reputation on HIVE, I don't think I would have gotten enough votes for it to be profitable for me. In addition to that, although I have the hardware resources to run the node, my Internet connection is managed by someone else and I have a feeling they might notice the slightly increased traffic to specific ports or devices in the firewall.
Since I would be running it at work, that would be a little unethical and potentially illegal. Plus it would force me to answer some difficult questions. Instead, I decided to delegate my license to @monstermarket. They have always been a really great service and they were highly recommended by one of my good friends here on HIVE.
With rewards starting to be distributed today, I look forward to seeing what my take is going to be for delegating that one license.
Edit: I just realize my name shows up in the list even though I am delegating out my license, so be sure to vote for "bozz" if you have the ability. I really appreciate it!
Precious Metals
I was going through my email inbox the other day and I caught a glimpse of this special offering from my local bullion dealer Kzoo Bullion. I know a lot of times we focus on silver and gold for obvious reasons in the #silvergoldstackers community, but there is a reason people steal copper from old buildings and air conditioning units across the globe.
Copper still holds a lot of value and this 1KG Year of the snake .999 pure copper round makes it look so dang good. I probably won't buy one myself, but I'd love to see what this thing feels like in your hand. I mean, we are talking a full KG. That's a far cry from the 1 oz. piece I am used to holding.
I'm not usually one for pieces with a lot of color in them, but the subtle colors in the snake on the front side of this really appeal to me. At the time I am writing this, there are about three hours left in the sale. After that, the price will jump from $234 to who knows what. If you happen to pick one of these up be sure to let me know how cool it is!
DBOND/DAB
For a while now I have been working towards a goal of having 1000 DAB staked in my Hive Engine wallet. If you don't know, staking the DBOND token earns you the DAB token. Staking the DAB token earns you more DBOND, but leaving your DAB liquid earns you HIVE. I finally hit my goal of 1000 staked DAB the other day so I can have a steady income of DBOND each day (I think it's actually a lottery system).
Now that I have hit that goal, I plan on leaving the rest of my DAB liquid so I can start earning more liquid HIVE. It's almost like this is a perpetual motion machine passively earning me more and more tokens every day. I love it! If you haven't checked out this project, you totally should. @dailydab is the account you want to look at. Thanks @raymondspeaks and @silverstackeruk for this awesome project.
Is The Green Really Coming?
Believe it or not, we are just ten days away from St. Patrick's day. While some folks might be dreaming about green beer, I think the majority of us are dreaming about green markets and green crypto gains. It's actually a scary time right now. With talk of shuttering the department of education and services like social security, @mrsbozz and I as well as my parents could be in dire straits. I hope that isn't the case, but things just feel so uncertain right now.
Perhaps this is just that mucky, muddy, brown period of winter/spring before the green of spring/summer finally arrives.
Sports Talk Social - @bozz.sports
I have no trust in any policy decisions from this administration. Mostly they are a populist and corrupt without any meaningful consistency. So if anything positive happens that will be a bonus.
I'm with you there! I got that SPS vote taken care of for you this morning. I didn't realize my name would show in the list too. I thought they would all just be bundled under monstermarket.
Yes, as long as they activate their licenses, their name should show up.
It's not important how BTC fluctuates, but at what price you bought and at what price you sold. If you just hold BTC and it makes you happy, the price doesn't matter at all.
!HUG
!HBITS
I plan on holding BTC for a long time. I don't have that much though.
!LUV
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Pretty insane with what happened in the crypto world the last weeks. Unfortunately couldn't get in. But thats how it be sometimes eh?
Yeah, that's definitely how it is sometimes.
Things do feel really chaotic, don't they? Witnessing how divided our elected officials were in real-time during Trump's address to Congress a few days ago sent chills down my spine. I don't know how our country, in its current form, survives this much longer. I'm hoping for some kind of a peaceful separation if it comes to that.
The markets are so incredibly unpredictable ATM. Most positive news that would have sent the markets soaring in previous cycles have turned into sell the news events. It's pretty clear we're heading into a multi-year recession but it could be a one-in-a-decade opportunity to build wealth for those who play their cards right.
I didn't even watch the speech. Unfortunately, you and I are both running out of decades for it to matter too much! :)
Thanks!
Welcome 😊
We'll see how things play out, BTC at $70K would be a fire sale! Running a Splinterlands node would be difficult to be profitable, which is why I never even bothered to even try to buy one. I hope they can keep the game alive though, I still have a lot of cards in the game that aren't worth much anymore...
I love copper, and it's a great investment. People have been stealing copper from building for years because it's valuable. I remember the government even puts restrictions on the number of pennies you can take across the border because they know they will be melted down. It used to be a common practice in Mexico before the cartel stuff popped up.
I think DBOND/DAB is a great program, I think over time they will become more and more valuable. I'm not selling mine. Let's hope that St. Patrick's brings us all a bunch of green, I'm getting sick of all the red in the markets...
If the price of SPS were to recover, it might not be so bad, but right now things just don't look that great. That is funny about the pennies being melted down. It makes sense, but still pretty funny. I hope we see some green too! It might not happen today, but hopefully eventually!
unpredictable and volatile
For sure!
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Copper often flies under the radar compared to silver and gold, @bozz, but you're absolutely right—it has its own allure and value, both historically and in modern times. The 1KG Year of the Snake copper round you're describing sounds stunning, and its size and weight must give it a satisfying, substantial feel. There's something captivating about holding such a heavy, dense piece in hand—it certainly makes the jump from a 1 oz piece feel monumental!
I can see why the design's subtle use of color appeals to you; it's a delicate touch that elevates its artistic value without feeling overdone. The connection to the Year of the Snake also adds a layer of cultural depth and significance, making it more than just a collectible.
It sounds like an extraordinary piece for any stacker or collector to admire. If anyone in the #silvergoldstackers community ends up snagging one, I bet they'll have a lot to say about how unique it is. Hopefully, someone shares their experience—and maybe even a picture—so you can vicariously enjoy the thrill of holding it!
!BBH
!LADY
!LUV
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Haha yes, I will definitely be a little jelly!
I don't trust anyone who puts out a crappy memecoin to try and cash in. I hope the market is wise to their scams.
I can't help with the SPS votes as I don't have any. I'm selling off my assets there. Good luck with it anyway.
Did you hear the blocktrades chat this week? People seemed generally positive. There's a lot happening with Hive so I think it will find new uses.
I did listen to the Youtube video. It was quite interesting if not a bit all over the place. I think we have some good stuff in the works. We always have, we just need the rest of the world to realize that. No worries on the Splinterlands thing!
I'd stack some copper but for the relatively high premium and volume making it impractical. But that didn't stop me from hoarding several kilos of copper pennies that are worth 3 cents each at face value accumulated over decades of change from numerous cash transactions. I just went through my late Mom's loose change jar totaling $207 where I kept the pennies but as a bonus I found a rare error 2007 penny worth at least $30.
That is pretty awesome! We have a "rich" copper history here in Michigan, but it's definitely something I have never looked at as an investment. I did hear a while ago that they said the price of BTC follows a trend more close to copper than any other precious metal. I don't know how true that is...
There is a 50/50 chance that BTC will exceed its price by that date.
That's a sound forecast!
Call me an optimist, but I still think we will see a huge pump this year before everything crashes 80+ %
I am out of votes on my main account, but I will throw 300k+ from my alt for your validator :)
Thanks! I appreciate it! I see you are doing quite well with your validator. I gave you one of my ten votes. I hope we have a big pump on the horizon. I'm looking forward to pumping some gains into my HIVE account.
I have to pay attention to the Splinterlands governance stuff - I unfortunately haven’t logged into the site for 6 or 7 months at this point lol. I’m glad you got one and delegated it out for a little bit of recoup of the cost. Sounds like it’s not a bad idea!
The crypto summit is just putting blocks (pun intended) in place I think for the future. I suspect this is a bit of a controlled price range - with the ETF’s in full swing and stuff. Could be a dash of cynicism there but the good thing is things are stable which is really important. It might not feel stable where we are but wild swings up and down of tens of thousands of dollars sucks lol
Yeah I think this is all totally manipulated. We might not see the actual endgame until later this year which is what a lot of people were predicting anyway.
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