The SEC in my opinion is very unpredictable. Especially when It comes to crypto.
They sued Ripple They let Coinbase on the stock market They let Ftx get away with everything They sued binance, coinbase and kraken They rejected all the spot Bitcoin etfs but allowed an 2x leverage etf to launch.
So who knows what the outcome will be with this blackrock etf. Everyone will think it will get rejected but in the end it might actually be approved.
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Yes windows is very unsafe. I remember installing a new fresh copy of Windows7 and right out of the box there was some malware already due to some bugs. After the service packs were installed it seemed fine but shows you how unsafe and targeted it can be.
Whether you use windows or Linux you need to use a cold storage or hardware wallet approach. Don’t keep your private keys or seeds on an online computer ever. You can use something such as electrum which is free and can have a fool proof wallet solution.
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I don’t think there will be a consensus for a hard fork to add this feature. Seems the only people to benefit would be miners pretty much. No Bitcoin holder would want this since it increases the supply and will lower price.
I think one of the Bitcoin forks had a feature to do this. Might of been BSV where it allows the unspent coins to be in circulation again. Had a bad negative response from the community and most likely BTC won’t have a positive response either for this to happen.
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Crypto is rallying because of the positive news with the spot Bitcoin etf. Generally blackrock gets their etfs approved by the sec. So since they applied and 2 other companies also filed for a Bitcoin etf, it had a good chance of getting approved.
If approved then the bitcoins will need to be purchased and stored in coinbase custody. So there is less and less supply and price has to go higher. And ETH is just along for the ride same with other alt coins.
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Just understand that if it was that easy by Simply buying when price hits some moving average or selling When price hits some RSI then everybody would be very very rich.
Technical analysis is not perfect. You need other methods for taking a trade such as fundamentals or order flow. With crypto it’s more transparent than something such as stocks which have tons and tons of insider trading and manipulation.
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You are correct. Bitcoin won’t make you rich anymore unless you are already rich. Those that bought large amounts prior to 2015 and held are very wealthy, maybe some who bought the low in 2018 and COVID low at $3-4K. But these days you buy at $30K, unless it goes to $1M which it won’t. It won’t make you rich.
Same with buying Ethereum. This is why many are pumping coins like Pepe out there because that has a possible 10-100x move. Same with all those other meme coins. Remember shiba inu? Yes these coins can make people rich but not Bitcoin itself. Market cap is just way too high.
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The $30K is not really that much of a important resistance are. It never was. Same with $50K when most people assumed it would be the top last cycle.
This entire rally is based on the fact that the spot etf might be approved and we got 3 different companies apply for etfs. What this will do is create demand for real spot bitcoins which are already in short supply and should cause Bitcoin to rally quick.
Hopefully they won’t get rejected.
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When it comes to gold. There is lots of it on the planet but the cost to mine it is very expensive hence the supply is capped. This is similar to how anyone can mine Bitcoin with their laptop. However it’s very expensive due to the electricity and hence why most people don’t mine Bitcoin.
So there might be a star which has tons and tons of gold. However how will you extract this gold and bring it back to earth? Seems impossible pretty much.
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Honestly I would not want to be in charge of this issue because being from Canada we are screwed when it comes to monetary policy with the massive amount of debt we have and high cost of living.
Inflation is crazy high, employment is tight. We need to raise rates but it seems like 1 or 2 more hikes and something is going to pop and we will end up in a depression type of era. Way too many people are in debt and they used their house to borrow money with lines of credit. Or they are boomers who have no retirement funds except their house which is going to start to lose money.
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Yeah I remember when we broke below $25000 and looking on the daily it looked like we would test $22K with all the SEC news we kept getting hit with.
I think in around 24 hours we gained about 15% which is nuts. Normally on a weekly chart we might see 15% but in around a day it’s crazy. It also seems most are spot buys and not just degen getting liquidated who shorted.
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A lot of development today which caused Bitcoin to gain around $2000 in price. Another Bitcoin etf and also another refiled Bitcoin etf. So far there are 3-4 different etfs in total this week alone.
Also some new crypto exchange went live which is owned by Citadel and Schwab, it was announced in Sept but went live this morning.
These development are the root cause of the strong rally we just had.
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The easiest give a way if a project is a scam if it promises crazy yields like 1% a day or something. Many will think, great after 100 days my money will be doubled. But it’s not always the case.
Sure there are some tokens that can yield 1% a day but it’s in the token not in fiat terms. So you’ll double your stash of some useless token in 3 months but the price will go down 50% in the same time frame.
Biggest giveaway is if they promise yields which just aren’t possible. I’d stay far away.
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I remember back in either 2014 or 2017, right after the bubble popped there was some family who decided to sell their house and cars and everything and put it into Bitcoin and live in a van. I tried searching for the news but can’t find it. Maybe someone can remember.
But if they actually held they would of made good money since it went higher in the 2021 bull run. But I have a feeling that during the bear market they maybe sold at a loss and bought back a house. Wondering what happened with them.
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It seems that he has tons and tons of bots and almost on every pair from time to time there is a sandwich attack by him.
Basically if you see a token at 10 cents, you send an order but he buys it first at 10 cents, and you are forced to buy it at 11 cents and in the same second he sells it for 11 cents, so you basically overpay.
Only way I can see is making small orders at a time instead of a large order at once but with the V3 uniswap fees its going to cut into the profits especially when gas fees are high.
Wondering if anyone here has any tips ?
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I think its good for bitcoin to consolidate for weeks and then break-out upwards, kind of like we have been doing since November of last year. What we don't want to see is these massive daily and weekly candles where we gain +20% week after week.
Generally with bitcoin when that happens it means we are going to near a top and then start another sideways market and bear market. We need to see bitcoin up go slowly and not with violent upward moves, that usually indicates that the top is near.
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Hard to understand exactly what you are asking but if you are asking to lend your ETH and buy BTC you can do this with Curve defi I think. You use your ETH as collateral and you get BTC to do what you wish. Your margin is like 80% however so there is no leverage.
If you use a CEX then you can do this with any platform that uses ETH as collateral which is most of them. Just becareful and monitor your liquidation levels.
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If the creator of Bitcoin Elon Musk, with a high probability someday Elon himself will say this and provide proofs
That's one of the craziest theories about real identity of Satoshi. People already speculated this years ago and they even asked Elon himself and he denied it saying he is not Satoshi. However he is still fascinated with Bitcoin and why he owns some personally and not just Tesla. It’s been over a decade so we will most likely never determine who he is. Unless he sold small amounts I don’t think he ever cashed out any of the coins his mined early in 2009.
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I use twitter. When you create an account select what sources you are interested in such as business and finance and you will get a good feed. You can also follow some posters who are in the crypto scene.
There is also coin desk and coin telegraph which you can use but keep in mind it’s delayed. Twitter is usually pretty quick, usually in a few minutes you will know why something happens while a news report will take a few hours.
Twitter has become a favorite place for bots and fake news, in which you will find all the information, but verifying its authenticity is getting more difficult with the days, so you need a manual search that may take a lot of your time, this difficulty increases if you are looking for information about altcoins and not about Bitcoin. Twitter is a good distraction tool, as you may move from the news side to trends, which the site will try to show you, no matter how much you try to show interest in a specific topic, so as an investor who has limited time to review the news and wants to make decisions based on it, Twitter is not the ideal place. This is why you need to follow the right accounts. The one I can think of is “Autism capital” and their reports are almost always accurate and pretty timely. There are also a few other dedicated crypto news accounts. There are many bots and many fake news however that’s only if you search by #Bitcoin but if you follow reliable users then you won’t have this issue.
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The Fidelity I guess is new. I am assuming it’s also not an ETF but it’s a trust since most likely a Bitcoin etf will never get approved.
This is not surprising since we will see more and more of these Bitcoin trust proposals in the near future. Will they approve it? Perhaps since it’s Blackrock and their products are almost always approved. Only 1 rejection out of 500 applications.
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I didn’t think it was possible to arb the kimchi premium due to the capital controls by the country.
So you can sell your Bitcoin at a premium but how will you buy more Bitcoin? You can’t buy it on the same exchange because price is higher. You need to use the other exchanges but it’s difficult getting money out of the country. Hence why there is this premium. So I am surprised this has worked for you while it doesn’t work for others.
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