Yeah short term holders are generally not a good way to measure the demand for bitcoin. The best way is to look at the long term holders and as prices goes up, are they selling.

Usually you will see that during every ATH and during some massive dips, there are long term holders selling. This can give you a clue as when to start taking profit or not.

Most of the meme coin hype has nothing to do with bitcoin, there is no meme coin running on the bitcoin blockchain even.

This year most meme coins were on Solana network due to the ultra cheap fees. Last year it was on the Ethereum network. But never on the bitcoin blockchain.

Nothing changes with the financial institutions. You can still send bitcoin peer to peer pretty much as long as the fees are reasonable or you are sending a large amount. Hence why most people use L2 these days for micro transactions.

Yeah I had to check the calendar because it seemed a little too early. The bitcoin clock calculators have been fairly accurate and won’t be this quick. He got my hopes up a little.

It’s also true about the birthdays. After I turned 18, I pretty much stopped doing. Sometimes I don’t even remember my age to be honest.

Yeah the central banks are doing their best to fight inflation and its still not working. Today the Canada Bank released the CPI numbers at 0.6% from last month and the Fed released their numbers last week at 0.4%. They say its season inflation and it will go away. Just like they said it was transitory, they were lying then also.

You go shopping and not only do you pay more for the same goods but you also get less of them. Same package but the content inside is smaller. Great way to fool people. No idea how this will end. At these rates we will never reach the 2% goal. Its been 4 years since Covid happened and this aftermath of covid will most likely last a decade.

Wow. I actually remember the day that this happened. And if I recall correctly, if you followed his advice and bought bitcoin on that day, I think it was the last time bitcoin was at that price.

He became an icon after this event. He might of lost his position because of this stunt, according to a few press interviews he did shortly after. I find it crazy that he held on to that piece of paper for so long. I assumed it would of faded in color by now. Those types of notebooks dont hold up very well for long periods of time .

But I agree with the above poster, it was in the notebook and then he tore it out, and now its in the notebook again? Doesn't make sense.

Are you on WiFi or Ethernet?

If you have a bunch of rigs, and they are all close together, you will get dropped connections with WiFi. The gpus cause all kinds of interference.

I had this issue and had to get a network switch and use the Ethernet for all the rigs and the problems went away. See if that is the issue.

Yes it’s true, most of the people who get into trading do it to get rich quick. They don’t do it for the love of the markets. They watch Wall Street movies or go on Wall Street bets and see how some kids turned $1000 into $1,000,000 trading 0DTE options and they all want in.

Then they realize it’s not as easy as they read on the internet or watched on TV. They lose money and get frustrated and deposit more money and lose that also. Eventually they give up and find some other hobby. If trading was so easy then everybody would be doing it.

Every blockchain has its problems. A few months ago I decided to try out Solana for the first time due to all those meme coins and airdrops.

I was amazed at how cheap transactions are and how fast. You can send SOL to another account for fractions of a penny. And you can do trades for maybe half a penny to a penny. As long as the priority fees aren’t too high.

Then ORE comes around and creates massive congestion. And you need to pay a few Pennie’s for a transaction, and keep resubmitting bexause it keeps dropping off the network. Eventually it confirms but because a pain if you need to do a few transactions.

Some updates on ORE if you werent following.

A few days ago there was a vote to increase difficulty by 4x, and it was approved by 98% of voters.
Yesterday there was a vote to increase difficulty by 32x and again it was approved by 98% of voters.

If you go to the discord, there might be a Nvidia GPU miner out there, I haven't tried this yet. But it seems that the CPU mining phase is a dead end. Plus there is also the issue of getting the transaction sent to the network and confirmed. Only way is to use JITO which ends up taking most of the miner rewards.

The main reason why the exchange tokens tend to appreciate in value is because they are delfationary. Usually after a month or quarter there is a burn cycle, so they are burnt.

Is it a good investment? It has its risks.

Remember FTX ? They had FTT which also was burnt from time to time depending on the amount of profit that was made from its trading fees, however since the exchange was a big scam, the token went to 0. So there is risks in investing in these. And besides BNB, the rest haven't been as profitable. So take caution with these tokens.

Normally new altcoins give more profits because the old altcoins have tons and tons of bag holders. These bag holders are usually going to sell at break even or near break even so there is more sell pressure. Sometimes if there is much much more demand than supply, like with Solana for example, then the altcoin can still reach new highs but that is not common.

A new altcoin generally has everyone in profit and they are less likely to sell when there is a small move, hence its why they usually go 10x and more people end up making money. Go look at the CMC of 2017 and see how many of those mid type alts are dead right now and bag holders is the real reason.

The fees are most likely high because of what happened the last 2 days. People are either panic selling their bitcoins or they are panic buying bitcoin. This is pretty common. Or there is some new type of Ordinals spam that is happening. My advice is to wait a few days and it should go back down to 10-20 vbyte which it was prior to this huge dump.

Basically if you need to do any transactions you should just use L2 like on the ARB or Poly network on Ethereum. Nobody really uses bitcoin for micro payments anymore. Since 2017 that was never an ideal option. Its just for large payments these days. Switch to an altcoins or use L2 networks.

This happens every once in a while. Its rare for BTC or ETH to lose 30% in a 24 hour period but its common for many alts to lose this much. Scanning Coinmarketcap you had coins like PEPE and Doge which took huge swings. Even larger cap tokens like Solana had crazy drops. Dropping $10-$20 in seconds for Solana is just crazy. Many people were liquidated in the last few days.

It happens and what made it worst was that the Iran rockets were fired on a weekend which has worse liquidity. Hence why the selling was so intense. Tons of sell pressure and just not enough buy liquidity to absorb most of the sells. This is why you shouldnt ever have low cap alts on margin because its an easy way to get liquidated.

Depends how the rest of the year will go. As you saw the past couple of days, if there is geopolitcal risks like another war, then obviously the markets will tank. However if the year is stable, there are no surprises, Trump wins election, then I can certainly see $100K sometime in 2024 or early 2025.

We still got positive flows to the ETFs, and the GBTC flows are starting to get smaller and smaller. Most likely they are done liquiditing their assets and there is less sell pressure. Then there is a halving which everybody knows about is always bullish.

I don’t think right now they care about meme coins, they are going after large boys like Uniswap and Ethereum. If they deem ETH as security then all those meme coins will definitely be considered a security also.

This is actually one of the reasons why the ETH won’t be approved in May. If they have an ongoing investigation whether it’s a security or not then they can’t approve it in the mean time.

3x might be safe for perhaps bitcoin. But never altcoins. He most likely longed at 0.006 and was liquidated when it hit 0.004 which is a 33% losses and under 3x long that’s enough to liquidate someone.

Very crazy to have such a huge position and only $1000 in your bank account. This is why you shouldn’t believe all those promoters which show their 6-7 figure gains, many of those can be just as easily lost.

Well it’s an unexpected turn of events. We all assumed when the figures open at Asian open that all indices would be down and oil would be  up. However the stock market opened flat. And then the crypto markets started to rally before stalling.

Since the US decided not to join the conflict directly, I guess it won’t escalate further. So there is some calm in the markets. Very stressful weekend of trading and many probably blew up their accounts.

The original reason why USDT was created was because you could have crypto only CEX which were mostly used for alt trading. It would be alot of work to KYC for every exchange and have to wire money in and out just to buy a few alts that your main exchange didn't have.

So along came USDT, where you can buy with USD and send those USDT to any exchange to buy any alts you would like. Because its onchain you don't need to worry about wiring money back and forth between banks.

USDT is priced at $1, so you should get $1000 USDT for your $1000 USD.

Yeah I didn't think it was related however it started to crash at the same minute that the news was released about the Iran attack. I wonder how the markets will open up in a few hours. I am guessing that oil will spike up and the major indicies will all be negative as they are gearing up for a risk-off type of environment this week.

Its been a while since we have seen -30% in 24 hours on some type of alt pairs. Its crazy seeing Solana basically spike down from $160 to $140 yesterday and you think its the bottom but the next day it spiked down from $140 to $110. I think something like $10B in open interest was wiped in the last 2 trading days.

Today what happened in the markets was definately not positive. I haven't seen a crash this bad maybe since Covid. I think $500M longs were liquidated in an hour. That is a record. And I think the day prior there was $1B liquidated. So going into the halving it doesn't look good but we need to see how the markets will react on Monday with this geopolitical tensions.

Things like this is something that investors can't predict but it might lead to risk-off in the markets as people will pull their money because they worry about the future. Depending how the rest of the weekend develops the markets will be on the edge.