Neither.

The old trader who is experienced and profitable, why would he teach you ? What does he gain exactly unless you are a close friend or family member. He can just take a few trades himself and go golfing for the rest of the day. Why waste your time to teach new people to trade? Obviously they do it because they want money from their coaching. However why teach trading, when you can just trade and make more money that way?  Hence why many of these trading signals from "gurus" are nothing but scams to lure new traders.

And a new trader will never make you profitable long term. They usually make good money in a bull market and when the markets peak they end up losing all their money. Its very easy making money in a bull market, anyone can do it. The trick is to survive the bear markets which most people can't.

We in Canada don't have an egg shortage according to "Big Egg Canada" but I can see it becoming a problem because whenever I go to the  grocery store people are stocking up on eggs and it'll create these artificial shortages.

This is more or less what happened with toilet paper back in 2020. People read about it on the news and they panicked and bought everything within the same week and thats how the shortages happened. An imbalance of logistics and anything can become scarse. So this is why even me, which barely eats many eggs, I try to stay stocked for the next month or so. However they expire so you can't buy too much of it.

Another Tether fraud thread?

You guys dont realise but in the past few months stablecoin companies have been making a killer by basically doing nothing. There is over $100B in stablecoins. And most of these are held in short term government bonds.

So if interest rate stay the same, these issuers are making over $5B a year in interest alone. This is a huge cash cow for them. And even if they were a little insolvent, they are most likely solvent by now with the amount they made in interest payments alone.

Alot of people dont realise this but investing in bitcoin or ethereum will never make you rich anymore. It might 2x or 3x but this is not like buying bitcoin at $200 like in 2015 and having it go 345x times your investment. Don't belive all those articles which are saying Bitcoin is gauranteed to go to $1,000,000.

Many believed back in late 2021 that bitcoin will at least go to $100,000. So nobody sold at $69000 and look what happened. When the general population thinks something will happen usually its the complete opposite.

Here is my advice being here since 2014.

Best time to sell your Bitcoin is when everywhere you go, everyone is talking about Bitcoin. Your mother is asking you about Bitcoin. You get in an Uber and he is talking about Bitcoin. That means it’s time to sell.

Best time to buy is when people are saying Bitcoin is dead. And it’s trading sideways and not going anywhere. That is the perfect time to buy when everybody else has moved on back to stock or forex.

Are these new units or old units. I am assuming they are currently in use somewhere at a farm and will be pressure cleaned and Shipped away. Bitmain has been doing this for years with many ASICs.

So most likely the difficult won’t change by much. It will just move to a different home. I don’t think they will invest more money into building more of these ETH ASICs because the profits are not the same as before. And compared to sha256 these have probably a much lower margin.

This wouldn’t happen. The reason why is because before ETH forked to POS it forked first on all their test net chains. They did it to test stability and if any issues would arise. If there was an issue they delayed it. Hence why the fork to POS was smooth.

I am very surprised that Binance never listed the coin. Probably pressured by ETH devs. They didn’t want an ETC event again I guess. And that is the main reason why it’s struggling right now. Eventually most will abandon it for ETC.

There is a good chance it might head to that area with the horrible employment number news that came out. Basically over half a million jobs added and unemployment rates as low as the 1960s. The bond market took a huge dump as a result. Stocks somehow managed to survive.

However the breaks above has been weak, same for ETH. Only certain alts are pumping. So I would not be surprised if we get a break and head down to that area. The next big news is the CPI. And if it’s positive by half a point or more then I think the local top was in both macro and crypto markets.

This scarcity card is what many auto makers are also claiming of doing. They noticed people overpay for vehicles so they decided to reduce supply to keep prices high. It worked somewhat they had more margins per vehicle sold and the vehicles were higher and more expensive trims.

However what I can see happening is some smaller automaker like Mitsubishi which wants to get more market share will basically pump out tons of vehicles and gain market share. Then all the auto makers will see this and they will also increase production. With AMD and Nvidia I can see the same happening.

Basically we will always need centralized exchanges. If you want to buy crypto from fiat or vice versa you got no choice but to use a centralized exchange. The goal is to keep a small amount on the exchange at a time so if something does happen you are not fully exposed.

Most traders on FTX traded with 10x leverage and just kept 10% of their trading capital on the exchange. This was to reduce counterparty risk. So your position is pretty much the same, if you run the risk of liquidation you just send more margin.

If I could go back to the beginning I would do a few things differently.

For one I wouldn’t go into trading stock options. Those were a big mistake. I never understood delta or IV or IV crush and what not. Most of all the options I bought expired worthless.

Second I wouldn’t join any paid groups or buy any of those ebooks teaching how to trade. They are all scams out to get your money.

I think the two biggest issues and why it never took off was due to bad timing and never gaining a Binance listing. When it launched it dumped to like $5 and a few days later it rallied up to $15 but it stalled when trading didn’t get a Binance listing.

Then it did nothing for a few weeks and the FTX scandal made it even worst. So far it pumped a little to almost $5 but who knows if it will ever be a big hit. What it needs is a Binance listing and I can see it going to $50.

Back when I started trading over a decade ago I read two books. One was called “Reminisience of a stock operator” and the other “trading in the zone”.

The first book was more for entertainment rather than learning trading strategies. It was crazy how stuff 100 years ago still works today.

The second book called “trading in the zone” was amazing because it was about trading psychology. If you read the first chapter you will get hooked and it will explain a lot about the errors we make in trading. It doesn’t teach technical analysis or anything it mostly about how to deal with fear and greed.

The amount of gibberish that comes out of his month is just crazy. Some of his speeches weren’t bad in the past when the came to investing but when it comes to cryptos he really gets upset whenever talking about it.

Seems like a nerve is struck whenever either of them are talking about cryptos. They are already rich and probably don’t care they missed the boat on buying cheap bitcoins at $100 a coin. So why are they doing this? Most likely cryptos won’t get banned just because he says so.

I don’t think anyone gets paid weekly or monthly. One is way too frequent and would be a pain for accounting. And monthly would just be way too long especially for people who are living paycheck to paycheck. Most places pay you biweekly or twice a month.

Most people prefer actual fixed pay and not performance pay. Usually some jobs pay a min wage and then you get commission on top. However for stability reasons most would prefer to get paid a stable monthly wage than a salary that varies.

I think what spooked Bitcoin was the Silvergate bank prob by DOJ and the earnings for Apple, Amazon and Google. Meta had a huge day and Bitcoin failed to break to new highs and when the sell off started in the late trading session it didn’t look well for Bitcoin.

We might chop around in this area for a couple more weeks before we go higher. I don’t think we topped yet. If we get crazy 20% daily gains then I can see us topping out soon like an echo bubble from April 2019 but hasn’t happened yet.

I am pretty sure us going from $69K all the way to $17K and then everybody thinking we bottomed only to get the FTX implosion plus the contagion that came with it is the black swan. Look how much panic it caused. I was even freaking out. I almost sold all my crypto and sent to my exchange to withdraw into my bank account where it would be safe.

Yes I can be wrong and we can still go lower. However right now it all depends on the CPI data and unemployment numbers. If inflation is going to go up then we might get more rate hikes and if that happens then we might have some bad bank implosion like Lehman.

Everything seems to be going up. Facebook had earnings out earlier and the stock is up 20% in the post market. Complete opposite of how it was -20% in the bad earnings they had. Bitcoin keeps inching higher and higher.

Will this stop? It might if something bad happens such as high unemployment numbers or some bad credit event like a big bank going bust. Which is still possible. Right now all the eyes are on the CPI and unemployment numbers which will tell us what the fed will do for FOMC next.

I don’t think they manipulate markets. They basically say months in advance what they will do. If there is a surprise hike it’s usually because some data made them make that decision such as almost having double digit inflation last year.

Generally what they do Is echoed by other central banks. Usually many of the G7 countries follow what the fed does and their impact is huge on the US dollar and it affects all forms of financial markets pretty much.

I had the issues with the bad solder joints but mining had nothing to do with the cause. Many gamers had the same issue with dead GPUs which they had to bake in oven to get going again.

The most likely cause of the joints cracking is the heavy heatsink and the GPU might of been improperly shipped. Also another common reason is if you try and reapply pause, the old dry paste is glued on and you have to pull it harder and it ends up cracking the joints. Hence why I stopped reapplying thermal paste. It did nothing in terms of temperature, only increased risk of damaging the gpu.