Yes they obviously play a role. Especially when it’s an important country like the USA. If they banned Bitcoin tomorrow what do you think would happen? Price would go down because most people couldn’t hold Bitcoin and other investors wouldn’t be able to invest into crypto.

If it’s a small country then nobody will care. It’s already banned in many small countries and doesn’t have an affect. But in general all of these regulations and issues with the SEC are not for crypto or bitcoin.

He changed the name because he wants it to be more of a social media platform, he wants to basically integrate financial payments and other features. If he kept the name, then people would just assume its just for tweeting.

This is similar to what Facebook did with Meta. You got Meta group of companies like Facebook and Instagram. And I am pretty sure Musk wants the same for X. So most likely there will be more products in the near future and they will all be under the X corp.

I have a feeling that someone knows something and that is why we are dumping. The open interest increased a few days ago when we started to decline. I think there is word of a ETF rejection or a delay that we will receive at the end of the month most likely

Usually when we trade in this type tight volatility, it means we will one day break-out. However we don't know which way. But it now looks like we are breaking in the bear side. We will see if $27K holds, but if it doesn't then it doesn't look good.

Yes this was the point from the beginning. Miners won’t need the block reward because their revenue will be the transaction fees due to usage by many people around the globe.

In the past there were times when transaction fees were higher than the block reward. With ETH it was more apparent since they always had congestion.

So no block rewards are not a problem as long as people use the network.

I remember first hearing about lightning back in 2016 and I assumed that it would be quickly adopted in a year or so. But with Segwit being delayed and taking forever for the pools to agree for the segwit fork, many forgot about it.

Then when it came out nobody used it. I assumed exchanges would be the first to adopt it but I think last month Binance finally added LN. And other exchanges just recently started to use it. I am surprised why there wasn’t more rollouts years ago. Maybe Bitcoin fees just weren’t that high and it wasn’t needed anymore?

Because Litecoin halving was more of a buy the rumor and sell the news type of event. The supply decrease doesn’t really make that much of a difference.

People were just expecting it to pump right after so they bought into it early and they got out of it earlier because it looked like it stalled and lots of bag holders at the moment. This happen a lot with many crypto coins and tokens, hence you need to cut your losses quick.

I don’t think it was SBF but I think it was someone from within Alameda however. They are pretty much involved in everything, well at least they were.

And I don’t think it’s smart of them to basically keep on trading, especially with funds that are not theirs. Either way SBF is in jail at the moment and hopefully won’t be released anytime soon.

You are partially right. Low interest rate environment lead to inflation and inflation lead to people buying assets and home prices, stocks and crypto accelerated in price.

So the opposite will be true. It’s more expensive to borrow money so people will buy less stuff and prices will decrease. However in speculation there can always be bull markets and bear markets, so we will see what 2024 will bring.

They might be free and clear under SEC but other governments are cracking down. Here in Canada there is word that USDC might be the only approved stablecoin you can hold after that Luna stablecoin caused people to lose their entire balance pretty much.

Tether is also under their radar because of the lack of audits and all the shady stuff that they did in the past. So they might be safe from SEC but eventually they will be required to be regulated.

I don’t think home miners will be able to mine profitability like we had since ETH came out in late 2015. Globally the electricity prices have gone up lots since then. And since ETH was removed as one of the most profitable GPU coins out there there isn’t much.

Sure you can do Bitcoin mining but the rigs are crazy expensive and they are risky to buy. Same with the other algos like Litecoin. You can mine a few new coins here and there but it’ll most likely be short lived. Even the ETH POW coin was a failure.

Had to check the date if it was written in 2017 because it’s Been years since someone mentioned Bitcoin cash. I remember some wallet that Roger Ver used he referred to Bitcoin cash as Bitcoin and many people bought Bch by mistake when they wanted actually Bitcoin. Then he had to change it back due to the complaints.

Either way it’s an alt coin which has lost its way pretty much. Roger Ver and that bitmain ceo have seem to stopped talking about or supporting it. It might pump here or there but I don’t think I’ll ever replace Bitcoin.

It’s not moving. It hasn’t been moving since 2 months. We got the lowest volatility ever for Bitcoin. At least according to all the volatility charts.

Most likely it’s due to summer and due to people just losing interest in crypto. All eyes are on the Bitcoin spot etf getting approved and eventually launched. Then we should see a large trigger of new money flowing in. Right now it’s just going to keep trading sideways for weeks.

You must of not heard what happened about a year back with 3commas? Basically somehow the API which was granted to trade for thousands of traders was taken over by some hacker.

In the end, they ended up mass market buying some illiquid small cap alt coin and the hacker basically made like 10000% by front running the pump.

After this I wouldn’t trust 3commas.

Back when I first heard about Bitcoin and mining, i actually assumed that POW was doing something similar. I didn’t realize it was just wasted electricity. I assumed we were all hashing to crack some code, folding to solve cancer, etc.

I think ETH should of designed their old POW as such which can do actual work and imagine how much would of been solved throughout all those years of miners mining ETH.

It’s a great idea however I don’t see POW making a comeback anytime soon.

It said that if you had a old account before the upgrade you didn’t need to KYC but they still said I need to KYC when I try and go to their marketplace section and it says my tier allows nothing pretty much.

Went and tried miningrigrentals and they state in their FAQ that since they basically only connect miners to buyers of hash that they are not required by law to KYC. So no idea why Nicehash which is foreign decides to KYC when miningrigrentals is USA based doesn’t. Great way to kill their business plan.

This is a difficult question to answer because there are too many variables.

For example, to send $1000 you might have more inputs than a lower amount, the more inputs the more bytes required to send the transaction.

Also it matters what the current fee is. During a high time like New York session the fees are higher than during the weekend. Usually weekend fees are 50% less.

But if the fees are the same and the inputs are the same then it’ll cost the same to send $0.01 or $1,000,000.

You cannot send from a debit card which is on the traditional banking system to a Bitcoin address which is on the decentralized blockchain ledger. The two are not connected directly.

You either get an exchange account and send to a Bitcoin wallet with a Bitcoin address you control or just go to an Bitcoin atm and put cash inside it and then send the funds to your BTC address. These are the only 2 possible ways.

From what I understand most Bitcoin ATMs they use the optimal payment fee and it usually always confirms within 10-20 minutes. Maybe unless someone bought some Bitcoin right before some major event happened and the bitcoin Atm used an old fee and ended up getting added to the back of the list but that is rare.

Most confirm quick because they don’t want people calling and complaining that their BTC isn’t confirmed yet. Also the atms got like a 10% fee so the actual fee is more than enough to cover the transaction fees.

Honestly this reminds me exactly of the price action in 2015 and 2019. Basically absolutely no movement day in and day out. Every single break is a head fake. The day traders are the only ones that can make any money in this market.

I guess it’s good. You can call it the accumulation phase and we will eventually breakout. However this is testing a lot of peoples patience and many will simply leave crypto for stocks due to boredom.

Today the Bitmex 24H volatility index hit a new all time low. Basically Bitcoin has never traded in such a tight range ever.

If it wasn’t for all these KYC exchanges then perhaps one could buy some calls/puts and bet on this volatility to explode some day. Most likely sometime in the fall. However we have no idea knowing which way it will breakout.