This thread reminds me when COVID caused the oil crash and prices turned negative. So they basically paid you to take the oil. A few traders became millionaires that day.

Why that happened was because the demand was so low due to COVID they had nowhere to store it. And hence why the front month only was negative, the other months were positive however.

Either way, such thing is no possible with crypto.

Yeah maybe if this was a different name, I would have hope but all of these projects which are named similar to Pepe like PEPE2 or PEPERONI or PEPA it’s obvious they want to pump because it shares a similar name. Basically a clone.

I would not be surprised if it was a rug token. Many are. Go to dextools and dex screener and you will be surprised how many tokens launch and then the Dev dumps all the coins.

Yes this has been happening for years even before Elon. Elon said he would fix it and maybe he tried something but a couple months later it’s the same scam spams going around.

I heard from tweet owners that they report those tweets and many times they don’t get removed or they get removed way too late.

The first stablecoin USDT was actually on the Bitcoin blockchain. It used the Omni network. And the reason why everyone stopped using it was because it just took way too long to wait for a confirmation. And the network fees were slightly larger than a regular Bitcoin transaction.

So this is nothing new and this new coin won’t become popular at all due to this. It takes way too long to confirm on the Bitcoin network and hence why nobody will use stablecoins on Bitcoin network.

No, nobody used claymore for like 5 years but the point I was trying to make was that at the time it was the best miner you could use.

He didn’t develop it for free and due to that he made to make it closed source to get the fee. If he made it open source, everybody would just move the fee to 0% and he wouldn’t make as much money.

None of his miners had viruses or malware. People used it for years and just trusted him. Plus like I said before. It was all on headless rigs with nothing installed except the miner software. Nothing to steal from those systems.

Even if you were around the new Bitcoin days you wouldn’t of held till now anyways. I was around since 2014 and if you told me that we would get $10000 Bitcoin I would of laughed at you. Back then price was $200 and the goal was maybe $1000 or $2000 Bitcoin.

So if you were around back then and invested at $200 you would of long sold before $69K. Most likely at $500 or $1000 or $2000. So don’t beat yourself up.

The main ones are pretty much BTC and ETH. You can actually make good money day trading these all day and night. After that you got alts like XRP or BNB but these generally don’t have much moves every day.

They were around for years so they are good for long term trading but for some term day trades you might not find any worthwhile moves.

It is deflationary however the supply is still huge for ETH. The amount that gets burnt is very small compared to the total amount of ETH out there. And keep in mind that if the fees goes down then the ETH fees burnt also go down. There is no guarantee that the fees will always be high. Days like today they were low.

Because with certain Algos like Dagger Hashimoto or whatever that algo was called for ETH had a crappy build in miner called ethminer.

I used it in 2016, it basically made all my rigs freeze during the epoch change, there was also no monitoring, no dual mining, etc.

I rather pay claymore the 1% fee for the stability than deal with ethminer. Sure it was closed source but he had a reputation and they were all on rigs with no private keys or anything.

There are a few events like the Hong Kong launch on June 1st, the unemployment numbers and the CPI and the fed rate.

Depending how the employment looks and how CPI performs we might have some volatility. Basically everyone is expecting softening of the employment and inflation. If they come in hot then we might be in for a ride.

I vote for a slightly bullish June however.

You won’t be a millionaire by buying 1 Bitcoin. That boat is long gone. The last time you could of invested a small amount and became a millionaire was in 2015 when it was $200. Even if you bought in 2019 at $4K, you would still need to own 15 BTC to hit the million mark in 2021-22 and those 15 bitcoins would cost you over $60K which is a lot of money.

Those who bought in the $30 range did very well if they didn’t sell. However most probably lost their coins or sold when it hit $100 or even $1000.

I am seeing posts about how on June 1st, crypto will rally hard because everyone in Hong Kong will be buying it. However I don’t think this will happen.

Most likely people already own it. And those who don’t, probably won’t buy it on June 1st. So most likely it’s good long term but in the short term I don’t think it will have much of an impact.

I think some jobs it will take away but it will be years before all the bugs and quirks are worked out. Right now you can’t completely rely on it without it being checked by a human.

Someone can find some bug and take advance and the company can lose money. There is risk for the company doing this. However eventually it will destroy jobs just like the Wendy’s drive thru attendants.

I think the 200WMA lost its importance when it failed to hold last year. I got lucky with the 200 WMA during COVID crash and got a good average. Bought again last year when it touched and it was definitely not even close to support. Completely broke thru it.

So right now, especially being So flat, I don’t think it’s of any importance.

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

The same is true in reverse. During a bear market Bitcoin will lose maybe 80% but alts can lose 99% and then lose another 99% and become worthless.

Yeah I think it definitely would of been solved by now if it was legit. 0.2BTC is like $6K almost so it’s a lot but I don’t think too many people will waste their time unless they are sure it can be solved.

That 32BTC puzzle is more legit because we know it’s real and it’s just a way to brute force the keys. This however we don’t know if we are wasting our time or not.

DCA doesn’t always work. If you use dca to enter and exit trades then it won’t help you in the bottoms and tops. If you spend too much time buying at the top or selling at the bottom then you would be better off just buying everything at once.

It’s not a full proof strategy. When Bitcoin went below $20k, I bought a lot. I didn’t dca because I knew it wouldn’t stay below $20K for long and I would be buying it at a higher price which is what happened. Same when it was over $50K, just sold everything pretty much because I knew the top was near.

If you want to short then stick to the majors like Eth or Bitcoin. But whatever you do, don’t short on leverage many  mid or small cap alt coins. There are times when these tokens can go 50-200% in a manner of hours. If you use leverage you will blow your entire account up.

Another thing to remember is that we might be exiting the bear market so you might be shorting the bottom. What if Bitcoin goes to $100K and you are still short from $28K. What will you do then? Not as easy as it seems.

I remember I used to study Elliot waves back in my stock trading days. And found it fascinating however when I tried to apply it to real trading I found it to be flawed.

Basically when you look at them in hindsight you know what wave you are in however in real time the wave can change. So I basically stopped using it along with Fibonacci because these indicators rarely are accurate. But at least I hope it works for you.

The crypto market now is highly illiquid. Hard to say if we are still in a bear market, we are either in bull or neutral. However after Ftx and all those market makers going bust there is low liquidity.

You don’t need to be a whale anymore to move the market pretty much. Look at the M5 charts and look at all the crazy wicks we are getting. They also differ depending on what exchange you are looking at.