We all know what will happen with the debt ceiling. And same with the FOMC rate. I think both of these events are priced in. Right now it seems we are heading for a soft landing hence why everything is pumping, stocks and both crypto.

I am expecting an echo bubble of some sort for stocks and crypto. Most likely might end in $35-40K and then will start to head back down. We need a black swan event if stocks or crypto are to head lower.

As many think “crypto will make me rich” it’s definitely not going to be Bitcoin. Even if it hits a new ATH and you buy here at $24K, you will maybe make 3x. Unless you buy millions you won’t get rich this way.

Bitcoin and ETH would of made you rich back in 2015 or so. You could of invested $10K in both and would of made great sums of money as long as you held. Gone are those days.

Basically he had this idea where he wanted the Justin Sun token holders to come out whole and would burn all the tokens held on the FTX exchange and create new ones and credit those on Huobi exchange. His tokens are centralized so this is clearly possible and it would benefit his other exchange.

Which would of been good for the current holders of his tokens however many saw it as a way out and the price of the tokens went up by 4-5x. So if you didn’t own the tokens before the announcement you would have to take a haircut.

And I am wondering if this actually took place or did people buy those tokens for no reasons and later it shut down.

It depends on your location. There are places where you got no choice but the rent because a house is like $2Million. Then there are other places where a house is $300K and your mortgage would be cheaper than rent. So as long as you live there long enough you would be better off buying.

However this is very dependent on area because in some places like in Canada you got doctors who got no choice but to rent because it’s just so expensive buying a home. We got the worst real estate here in Canada. Hopefully something changes soon with these rate hikes.

Yes I know that but I am wondering how this bankruptcy is going to affect those that bought those coins and whether he was true to his word and credited an equal amount on Huobi exchange and burn them.

They had like a 80% haircut and if FTX comes back online and every account is opened with a 50% haircut what happened to those which converted their entire balance to his coins losing 80% and then losing another 50% and being stuck at 90% loss?

I will save you hours of wasted time.

Don’t do this. You won’t find a strategy that works in all market conditions. You might find something that works in a trending market but won’t work in a ranging market and vice versa.

Then you got the issue of slippage. When you backtest there is no slippage and your entries and exits are always perfect. This never happens in the real world. And a working backtest might seem profitable but in real life impossible because slippage hasn’t been considered.

Years ago I used to use armoury to sign my Omni transactions for tether and it was in complete cold storage. However many exchanges these days no longer accept tether from the Omni protocol. Because it seems inefficient. Hence I had to switch to erc20.

This is your only choice now if you want cold storage. Use MEW offline or get a hardware wallet and you can keep your tether safe this way. As long as your verify your downloads you shouldn’t have a problem. And don’t store your seeds somewhere unsafe such as on cloud storage. Keep it inside your house somewhere.

Honestly for many months I have been telling people to stay away from this coin. Because it’s obviously a pump and dump meme coin scam and you will lose all your money. However…

The fact that it still exists after all and still has a market cap this high only means that it’ll most likely pump instead of dumping. Pretty crazy considering we had these big corrections and SHIB is still not 0.

I met some guy a few years back and whenever he was talking about Bitcoin he was actually talking about Bitcoin Cash. And when he was talking about Bitcoin he would say Bitcoin Core. He said that Bitcoin Cash is the real Bitcoin. So I am pretty sure the OP copied this text from somewhere he found on the web.

No idea what gold has to do with it. Trading gold will never make you rich unless you degen trade it at 100x leverage. It’s currently like $1900 and it’ll be a decade before it doubles in value. Unlike Bitcoin and Ethereum.

Right now and pretty much right after Covid broke out it was it’s correlation with macro and especially with nasdaq index. It follows nasdaq closely because those are mostly tech stocks and Bitcoin is obviously tech related.

During Covid crash it was risk off mode and the panic of the stock market turned onto the crypto markets. Then when the stimulus hit the risk on from the stock market followed the crypto markets. Until the fed rate hikes and both stocks and crypto went down. So macro is very important right now for crypto.

It doesn’t look like it broke either. The trend line is not broken yet and the moving averages just started to cross. So it’s a little pre mature to say this. However given how small the dips have been I am starting to think this will rally into the $25K at least before it pulls back.

One indicator of a Bitcoin bull market is when you want to buy the dip but can’t. That usually means it’s a very strong bull market. And the best way to play it is get in early and keep holding without selling too early. Hence if you got a long going keep holding and don’t sell yet.

These days it’s tough. Many are careful with their money but if there is something unexpected then they will most likely use a credit card to buy it. The issue is that the credit card interest is usually 20% if not paid off.

So the debt will keep growing over time. And hence in a high inflation period like now it’s difficult to save money or even stay out of debt. Hence why the inflation needs to be tamed with higher interest rates.

So they want crypto to go up so they can sell their altcoins like ETC? I don’t think it’ll work because many of those alts aren’t very liquid. If they start to sell 8 figures worth it’ll cause the alt to crash pretty much.

It they pump Bitcoin then they will benefit with the higher 2% fees for GBTC but if they need to buy back those BTC they will need to pay a higher price.

I think many are expecting this to be like April 2019. Where we did bottom and rallied non stop for a couple months before touching $12K and then the mini bubble popped again.

Hence why many think we are in an echo bubble. Basically when we breach $30K, many will buy because they will think ATH is near and the bubble will burst again before completing a year or two later.

There was maybe 4-5 family members, I think they paid with different methods such as with cash and credit card. So each family member bought 4 items each. It was years ago so I don't remember exactly.

This doesnt happen anymore. It got popular when phones such as the iPhone 4 was in such high demand that people were flipping them for 100% profit on eBay or sending it overseas.

There was a rumor circulating that Steve Jobs on purpose created artificial shortages to create more demand for the iPhone and Apple products. Basically when you heard on the news that "iPhone 4 SOLD OUT WORLDWIDE" you would think "Oh wow, if its sold out, it means it has to be good and i'll buy one". Then when the new CEO took over the shortages I guess ended.

Remember when Justin Sun stepped in and was going to burn the tokens on FTX and get them creddited on Huobi. There was even a blog posted on FTX how they had an agreement and if you bought 1 HU token on FTX, it would get burnt by Justin Sun and you would get that same 1 HU token creditted on Huobi.

When word got out, the tokens skyrocketed in value only on FTX. So if you bought at the inflated prices you got maybe 20 cents on the dollar. But the problem was that the exchange shut down shortly after and no idea if any HU or other Justin Sun tokens got burnt.

So what happened exactly? Most of the twitter posts are in Chinese and I can't understand.

When word gets out that the liquidator trustees is starting to liquidate their assets such as their liquid coins and it shows up on the blockchain as being sent to exchanges then there is going to be a massive sell.

Remember when MtGox was selling coins in 2018 and caused BTC to crash, some of that sell pressure was due to the trustee liquidating the BTC so they can make users whole in US fiat terms. Here it will be no different.

I had this happen about a month ago, if you search my nick you can find my thread on it. I was very puzzled because it looked like someone had my private keys because a transaction came out of my own wallet. However apparently for some reason you can send 0 ETH from a wallet that is not yours. Then it looks like your key can be compromised.

However etherscan at least is not showing these transactions anymore. So they won’t appear and decreases the chances of actually copying the wrong address. Very sneaky how they make the first few characters the same to fool many people.

Man I am surprised that people still post videos like this when last month the SEC charged a bunch of people with pumps and dumps and other security frauds.

I just don’t think it’s worth the liability making a video like this to get 50 cents in YouTube revenue and then someone reports you to the SEC and you end up getting arrested.

I think this article was drafted because it projects crypto in a bad way rather than actually causing huge losses. It’s a small part of their entire fund. And it happens.

I am pretty sure they also owned some stocks like BedBath and Beyond or others which also went bankrupt and caused the fund to lose money however they never write articles about that only when it deals with crypto. I guess negative crypto news produces more clicks and viewers.