1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

ORDER_66

ORDER_66

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mannyrs13 said:
Heard bout the Elon and spacex thing as well. Lot of the crash is due to China I believe. They going thru some shyt after so many years of expansion. Not just with evergrande. Their real estate investments going down. Their entire economy going down. Just came across this tweet from last week that looked troubling.



Looks like they going into a deflationary period. Their currency going down in value.

abcnews.go.com

China's yuan falls against dollar, raising questions about weaker currency to boost exports

China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump
abcnews.go.com abcnews.go.com

Don't know if they weakening it or what or trying to eliminate it for brics currency.

They got too busy kissing ass with the Russians and other countries to convince their people about the "evil Americans and West" that they seem to be destroying their own country. I knew back from covid that Chinese production had to be moved domestically or even to Mexico or Canada. Don't know if that has been done to some extent but things may get ugly if China going thru problems.

United States Imports By Country

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. United States Imports By Country - was last updated on Wednesday, May 29, 2024.
tradingeconomics.com tradingeconomics.com

In 2022 they were at the top with 18% of imports. That's gotta change or all hell breaking loose. I know I read recently they were gonna start selling US dollars. It may get ugly until at least Halloween or mid October.
Click to expand...


So china gonna sell off all their american & canadian real estate???:mjlol:

they spread too thin got too many things going on...:dead:
 
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ORDER_66 said:
So china gonna sell off all their american & canadian real estate???:mjlol:

they spread too thin got too many things going on...:dead:
Click to expand...

Not sure the breakdown of real estate in US owned by the CCP or even Chinese nationalists but I think it's cheaper over here at least in some places. Possibility exists of a mass exodus if things get much worse there.
 
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Algo hit yet another low, man I feel sorry for anyone who has big bags in that. Obviously those still buying it will be laughing if it ever recovers but damn I wouldn't touch it with a 10 foot pole.
 
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Seeing that PBoC has interest rate decision set for Sunday night. Don't know what way they could be leaning but likely have some effect on Monday morning. Looks like it was 3.7% in August 2022 before dropping to 3.65%. Stayed that way until this past June where it dropped .10 to 3.55%. Not sure what they may do this time. Rates look to have been lowering over past 10 years with a high of at least 5.5% in 2014 but with long periods of stability. I don't see any rate increases since then. Compared to the US that has been up and down for years now, including like 20% back in the 80s. So I don't know how long they can keep lowering rates but Monday morning gonna be very interesting when all the major markets open in US. Crypto 24/7 tho so Sunday evening may get things started early.
 
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BornStar said:
Bitcoin drives the bus the altcoins are in the passenger seat. If you traded on that call you could have quadrupled your position. :manny: shyt if you would have traded on leverage you'd be dancing right now.
Click to expand...

I wish I did... but i dont have money for trades or whatnot i just buy what I can :francis:
 
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Shibarium update
Kaal Dhairya
Kaal Dhairya
Aug 18, 2023 • 1 min read
Shibarium Scaling : Update 1

Hello fellow Shibarians! As you all are aware, due to the incredible popularity of Shibarium we experienced a level of traffic that was unexpected even by our standards. Throughout the process of us scaling operations to support the massive influx of Shibarium users, we will post updates to let you know where we are the process. This is the first update.

WHAT WE KNOW THUS FAR

Shibarium received millions of "compute units" of traffic within moments ( as posted yesterday). In fact, as we slowly and carefully investigated where the problem exactly took place and found thousands upon thousands of contract creation and normal transactions IN ONE BLOCK. At this point the amazing system of Shibarium (proudly a fork of Polygon) went into fail safe mode, and stopped to ensure funds are safu… and they are.

NEXT STEPS

Knowing the issue, we called in the support of some powerful frens (who we will name later with their permission) to help, alongside our Shibarium devs and the Unification team who have spent tireless hours working to scale our beloved blockchain. We have identified multiple possible plans of action, and will keep you updated as we execute to bring up the blockchain.

THE FUD

Usually I would let fud roll off my back, but the fake screenshot posted today caused incredible harm to our state, and I'm actually surprised so many news outlets would consider a fake post (aligned with bot activity) to be the source of truth. I am currently assessing the damage from such activity and will call upon X to help identity the culprit so they can be brought to justice. Such attacks upon our system by bad actors will not be tolerated. Moreover, YOU should assume only information from official outlets are true, and even larger media outlets quoting social media because could be incorrect.

Still not convinced? We stand by the statement that the funds "paused" in the bridge are safu and as a result have chosen to "insure" the entire amount of $2 Million dollars in case there is any issue after Shibarium is restarted.

UPDATE TOMORROW

Tomorrow I will send another update to inform our army of the status of Shibarium Scaling!





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Shibarium: ALL IS WELL
Shibarium: ALL IS WELL
MASSIVE influx of transactions and users that happened at the same time when we announced that Shibarium is live.

Shytoshi Kusama
Shytoshi Kusama
Aug 17, 2023 • 2 min read
Shiba Inu Ecosystem © 2023

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