Splinterlands Daily Focus Chest - Making Progress | Market Headlines - US Debt Ceiling & Crypto BTC, HIVE, SPS, GLX, DEC, FORGE (January 19, 2023)

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Splinterlands Daily Update

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  • Better loots today, a good 13 SPS diamond chest
  • Making progress and winning more battle, resulting in more daily focus chests

Daily Focus Chests: +5 Diamond | 10 Diamond Total

Making progress in Wild League

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  • This season is off to a tough start
  • Lots of competitions, gaining a bit of rating is taking a lot of effort
  • Regardless, need to reach Diamond III sooner rather than later

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  • My collection is better for modern format
  • The risk of dropping and getting stuck in Gold III is very real this early in the season
  • Unfortunately Modern league will have to wait after until Wild rating goal is accomplished

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Market Headline Today - US Debt Ceiling

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  • US Debt Ceiling of 31.4 Trillion has been reached
  • US is running a huge 1.3 Trillion budget deficit
  • Without the ability to raise money by selling Treasury bonds once the ceiling is reached, defaulting on obligations will have consequences
  • Yellen is going to suspend new investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund from Thursday until June 5, 2023

Other less important headlines

  • Fear of Fed "overtightening"
  • Weekly jobless claim less than expected (good news, but is bad news as it can be used as an excuse to raise rates)

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Crypto Market Today - Dump

BTC down by about $600

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HIVE down by about 2.5 cents

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HIVE/BTC down by 80 sats

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SPS down by a penny

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BTC has the lowest percentage decline

GLX and FORGE have very low volume and support, it is easy for just an individual to move the price dramatically (at least temporarily)

  • GLX: 3.1 cents (down 0.3 cents)
  • DEC: 6 cents (down 0.2 cents)
  • FORGE 5.9 cents (up 0.2 cents)

Until these token markets pick up volume, fiat value is the better measurement. HIVE is just pumping and dumping all over the place and using SWAP.HIVE to measure the worth is not telling the right story

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Glad to know your wining rate is increasing. As the Bitcoin market was down yesterday, people felt that it will go more down, so people sold something, but later it came back up again, like today Bitcoin trade in 21 thousand. In the coming days we can see the high going up to $1 as there is huge potential in hive.

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I will probably stop DCA HIVE if it goes up from here too quickly.

And increase DCA on Bitcoins or just keep the cash in case it goes down again.

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