Another issue that I am confused is whether, was he actually a good trader or not?

I would see photos of him, sitting on his gaming chair, with 6 monitors in front of him, with a deodorant stick on his desk. Behind him being a bean bag which was his bed. I assumed he was the best scalper/day trader out there.

Then I learnt that all he did was mostly arbitrage. Buying Bitcoin in USA and selling for 10 profit in Japan. Rinse and repeat. Then all he did was market making. When he was actually trading he seemed no different than all those Bybit apes who go 100x on many coins and get rekt, only difference was that his trades had no liquidation price.

This is not the reason. The dollar index is mostly the euro. The index accounts something like 60% euro and the yen is only 10% of that.

It’s pretty much old news at this point. The stock futures crashed but later the stock market rallied anyways. I think most people knew they would increase the yield control curve anyways because it was not possible to sustain 25 bps.

It will be a larger effect if they extend it to 100bps in the next few weeks.

He in the past was very active on Twitter and he gave financial advice about what coin they are buying. One coin that comes to mind is ZEC. No idea if they were already in position but ZEC had a huge rally after his tweet.

Then there was when they announced they were shorting Doge after
Or during the SNL skit. They didn’t short it directly but bought those 3x Doge short leverage contracts on FTX. And again if you followed this trade you would of also pretty much never been underwater and was very profitable.

In your opinion. What do you think is the biggest waste of money and most useless thing that SBF spent money on. In hindsight this should of clued in how the exchange just burns money left and right and given us a hint that it might be using client funds.

For me, it was when they announced that they are going into Fashion. The guy basically has no fashion sense what so ever but they decide to get into the fashion industry. Why? How is this good for crypto ? I was always clueless why they would venture into fashion when it doesn’t make adoption for crypto any easier.

I do use old school cold storage methods such as electrum with a cold storage computer and same with MEW with cold storage signing on an offline computer.

I reason I got the ledger was because crypto is evolving and if you want to get into Defi or NFT you need to use Metamask. And to use Metamask securely only method is by ledger. I am surprised you can’t create an Metamask wallet offline and sign transactions like you would with electrum.

It’s hard to say, almost impossible.

Just now we had the BOJ raise the yield curve control to 0.5% and it tanked the equities and bonds, crypto went up surprisingly. So this is proof that the fed won’t pivot.

However we got crazy inflation, low unemployment , and 2023 economy will be very weak and if CPI drops to like 3% most likely they should pivot.

Impossible to tell.

Honestly who knows if these texts are even real? It seemed believable up until the $250K being able to depeg tether.

Even if this was on a weekend, it is not enough to depeg tether and CZ knows this. Which leads me to believe this was just an article created to get clicks for the NYT.

So what is everybody doing now after Metamask claims to collect IPs. What are the other alternative wallets out there to use?

Don’t DEX also check IPs to make sure you are not accessing from a restricted region. Saw a video somewhere where someone in the US tried to access some DEX and they were restricted due to having a US IP. So the DEX also knows the IP address it seems.

I’ll open it up if I find a guide somewhere and look around and compare. Honestly getting worried now. However has there been any tampered hardware wallets in the past?

I only heard of having tampered instruction manual where they tell the user to use a specific 24 word seed. The guide makes it seem like it’s for that specific device.

I also heard of some earlier hardware wallet where the passcode is easy to bypass but that requires having the physical HW at hand.

Getting second thoughts and I might actually return this and just use my old Electrum/MEW cold storage solutions.

But why sell on a Friday when liquidity is very low. If there is no news by Monday or Tuesday then most likely it’s a coincidence however there is a chance that they were forced to sell some of their digital assets to make Gemini Earn customers whole again. So far no news just speculation.

Like others said before. Many coins such as Alts dumped at the same time even BNB. Maybe it was some large liquidation of someone that used BNB as collateral and got liquidated.

Yes surprisingly I found it at Bestbuy out of all places. I am surprised they even had it in stock locally. So if anyone needs one check your local bestbuy. The Nano S was sold out but the Nano X was plenty in stock.

Just make sure when you are buying that its sealed because Bestbuy accepts returns on pretty much anything and if someone bought it, tampered with it, and returned it you might be in trouble.

This is probably the easiest method to get a hardware wallet anonymously compared to getting it shipped.

1) Besides privacy issues. What is the negative about metamask collecting IP addresses? When we use a CEX we always give out our IP addresses. Is it to bad USA people from accessing Futures/Derivate DEX platforms?

2) Besides Pancakeswap, DYDX, GMX, what are the other futures/derivate exchanges with leverage? On Coinmarketcap they only list dydx, kine, apollox, perpertual protocol, deri and helix. But GMX and Pancakeswap are missing from there. Is there some list which lists all the derivate platforms?

3) On Pancakeswap, there is a 0.10% fee per trade however what is the spread when I buy/sell. Is it the same price? If price for ETHUSD is $1000. If I buy I pay a 0.10% fee and buy it at $1000 and if I sell 1 second later, I get to sell at the same price (assuming market hasn't changed) ? And just pay the 0.10% fee?

It seems nice with 100x but the 0.10% is very high for a derivatives platform, especially if there is some spread also.

I have a feeling that he knows his password but it’s his 2fa that he forgot. Usually when you forget your password, as long as you still got access to your email, you can easily reset it. Your withdraws are disabled for like 24 hours as a security measure but it shouldn’t be an issue.

If you forget your 2fa then you got problems. Especially when on different exchanges. The reason why is because without 2fa it’s hard to prove you are the true account holder. Hence why it’s a very long process.

No idea if this thread was made as a joke but yesterday many of DCG coins were having a massive dump. They own large amounts of coins like FIL, ETC, ZEC and if you look at those coins you will see massive dumps especially on FIL.

It’s hard to confirm for real because everything went down during those late Friday hours but those coins in particular were hit hard.

Yes it’s pretty scary how similar 2022 is to 2018. Back in Oct 2022 I was wondering if anything drastic would happen in November like in 2018 but I assumed it would just trade sideways. But in the first week of FTX being insolvent proved otherwise.

Now we just need some normal chop for the next 3 months and it’s confirmation that we are in an accumulation phase and not much will happen really. Until Q2 2023.

The funding fee is credited or deposited as realized PnL when the 8 hour window closes. If you close your position before the funding you don’t pay anything or get credited.

If you open a trade 1 minute before funding and close it 1 minute after funding you would have to pay the funding (or get credited).

Ok I found one at a reputable store. However does anyone know what the Ledger Nano S Plus or Ledger Nano X packaging security features it has?

Obviously it needs to be shrink wrapped however is the shrink wrap custom with ledger logos or just regular clear shrink wrap?

Does it have any tamper proof tape anywhere?

Sorry for the obvious questions but I never bought one before.

The reason why he sold is not to buy Bitcoin or Dogecoin. He sold because he had to for his Twitter purchase. He borrowed some money and used Tesla stock as collateral but when Tesla went down he had to raise more funds to satisfy the banks, or so I’ve heard.

So pretty crazy. He needs to sell Tesla stocks but by selling Tesla stock the price goes down further and he needs to sell more Tesla stock. And this is why many Tesla owners are upset that he bought Twitter because it doesn’t benefit them in any way.

Right now the funding fees are low so it doesn’t really matter. And the future months hardly have any premiums or discounts.

When it matters is during bull markets. When everyone is buying Bitcoin like crazy you can have 2-3% premiums on the monthlies and funding rates that are 0.05% every 8 hours. In the end it matters because it depends on when you exit your trade. If all you made is 5% profit but paid 10% in funding then you lost in fees more than your gains.

The fud in my opinion has been week but it was enough to create over $7B in withdraws. If this way before the FTX collapse most likely nobody would withdraw. People just want to be safe. You can also send back.

Apparently this all started with some texts about some regulations coming which never came. But it was enough to stir up a lot of panic.

That and Kevin Olery blaming Binance for the FTX collapse.