You go to a shopping mall, how often do you see an EV? Almost never or you might see 1 tesla or 2. And this is compared to hundreds of cars. So this figure is not suprising. And most people never looked into an EV until last year when gas prices went thru the roof, before that people just kept driving their ICE vehicles.
The adoption is very slow. Takes a long time to make the batteries. Hence why so far EV didn't really solve nothing. In 10 years the figures will be different but now they just can't make them fast enough.
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I think starting HDD mining a few years back to mine BURST was the worst mining decision, ever. Even worse than buying some obsolete ASICs.
Basically I would go on eBay/Craigslist/etc and buy the best deals on HDD. Bought tons and tons of these drives and by the time I was ready the profits started to plummet. No big deal I assumed? I assumed just like GPUs and ASICs I can just sell it back and get back maybe 50%-75% of my money, no not the case.
You don't realise it but almost nobody buys regular HDD second hand. Still got a bunch of them laying around. These days you can buy a 128GB flash drive for like $10-20 so why would you buy some old HDD for around the same price? Still got a bunch of them laying around. Maybe will take them apart and use the strong rare earth magnets to hang stuff on my fridge.
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Many are basically saying "Why buy bitcoin at $16K when I can buy at $12K or $10K or $5K... I am waiting for capitulation".
Well you need to keep in mind capitulation isn't always prices crashing. Retail leaving the community counts are capitulation pretty much. Sure back in 2018 we had bitcoin crash down to $3K and that was the bottom.
Now even though we only crashed down to $15.5K. The market sentiment is very negative.
Exchanges are laying staff off due to retail leaving. So many lending platforms went bankrupt FTX going bankrupt
Market sentiment is horrible. Look at people getting money stuck on Gemini Earn, even if they get it back. Most will withdraw from the exchange into their bank account and go and trade stocks instead after all the fear that the event created.
Another issue is liquidity. Back in the day you could open a $1M long or short on Bitcoin or Ethereum and price didn't move by much. Now its very difficult opening a position this large without moving the markets. Liquidity is drying up. Look at all the spikes on all the charts.
If we crab around $15-17K for the next 3-9 months, then I will say this is the cycle low.
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Man I didn’t think yobit was still around. So many shady things on that exchange. Like that dice game which never proved to be provably fair because they never posted the hash.
Or those coins which were up only markets. Or coins like this which are 1 sat but crazy high APY which will most likely never get sold again ever due to bids being pulled.
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Another reason why I don’t think they give more time when delisting is because it won’t really make a difference in terms of price.
Usually if a token has one exchange, as soon as the public hears of a delisting from an exchange, many will abandon that token.
So whether it’s delisted in 24 hours or 24 days it will lose most of its value in the first 24 hours anyways.
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This has to be some joke. People don’t get heart problems this way. Sure it’s not pleasant losing money but it would cause someone to get a heart attack. I think this is a little far fetched.
Sure investing brings hardship such as this year. However you need to understand it’s only money and when the bull market comes back everybody will be making money again, just need to be patient.
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Yes I read about this. The reason why is because due to all these exchanges failing and taking retirement money down with it, it’s not wise to invest.
I there are 2 sides to this. Depositing money on an exchange like FTX for these retirement funds is not smart. I would of preferred if they invested in the Bitcoin etf instead which is considered much more safe. Either way, it’s a diversified small amount. One sector goes down and another goes up. So it’s good for the retirement if they have different sectors of their investment, as long as it’s a small amount.
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This simply means that WBTC reserve fund is not 1:1. I would convert my WBTC asap If I were you. I agree with @OP that this is a sign that there is a possibility for WBTC to crash like FTT and Luna. Why? Because the fund reserve for WBTC is not enough to cover the WBTC in circulation. It is better to get out and sell your WBTC than be sorry when people start panicking and a WBTC sell off happen.
This is false. There is exactly a 1:1 ratio of wbtc and BTC. What happened was basically it took longer than usually to mint and redeem tokens and it was a little over 24 hours and panic started. Fud started with the coins linked to alamada and people started to dump wbtc at a loss. Now that the minting is back on, the ratio is pretty much back to normal.
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There is no strategy out there which will work 100% and if it does then you will not find it Public. Trading is very difficult and most people don’t end up making it after a few months.
None of these trading bots or technical analysis or trading gurus will ever help you in the long term. You need to try it for yourself and see how it works for you. This is not for everyone. Same with stock trading.
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There is no point in tracking all that money because it’s gone now. People would deposit into FTX and then the money would be sent to alamada and they would lose it trading.
You would of assumed they knew what they were doing being in business all these years. But apparently they were horrible traders and just kept blowing their balance every month and had to replenish next month with more users funds.
The funds are gone. No point in looking for them.
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This is why many countries such as Canada are increasing immigration. Because it’s expensive having kids here, nobody is having them. If they are it’s usually 1 kid. Daycare and everything is so expensive nobody can afford kids.
The governments solution is to allow immigration. Which would solve the cheap labor issue but where will these people live? We got a bad housing situation in Canada. It will solve one problem and create another pretty much.
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From what I can see the rising rates has maybe a very small effect. I see that the CPI is much lower than before however everything is still very expensive. Grocery prices still keep going higher and higher.
The nail on the coffin will be if the employment numbers show some slowdown meaning that unemployment has bottomed and will go up. Right now we got a bad labor shortage and it’s causing this inflation to worsen. This week we get the CPI numbers and we will see how they go.
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I think Bitcoin and stocks will bottom (or top) at the same time pretty much. What this cycle has taught us is that Bitcoin is a risk on asset like stocks. Many assumed it would rally when stocks go down but they were incorrect.
Either way. I agree with you. This was a brutal year. People saying capitulation will be the low? However look at what happened this entire year. Pretty sure we hit that point already.
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You are not the only one. Look at how many people lost money in the stock market last year which is considered much safer than crypto. Stocks like Facebook, Netflix all had huge drawdowns, some even higher than crypto.
Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.
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Besides BTC or ETH, did any coin really ever do a 1000x?
I can see making 1000x if you mined bitcoin with your laptop in 2010 or buying the ETH pre-ICO. However many coins released since 2017 or so, haven't even come close to 100x. I think you need to lower your standards and maybe go for 50x or 100x coin.
Also I don't think any current coin which is down 99% from ATH will ever 100x again, so if you are searching for a coin find one that is new and wasn't pumped yet.
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Leverage tokens were never meant to be used as long term holds, especially the 3x ones. The leverage 1x or hedge tokens are fine to hold long term but what is the point, you can just use margin or derivatives exchange.
Only good thing I can think of is that you could withdraw them, so you could short BTC and withdraw the token, you can't do this with margin or derivatives. However I think they were delisted because nobody really was using them, no volume.
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What will 10,000 bitcoins do to the price in a day or future prediction? It is equal to 30% daily trading amounts, and whenLUNA was sold 50,000 bitcoins, all that panic occurred. not 10K Mt.Gox case and all its consequences are in court, and therefore the sequence of the process will be slow, and we may need additional years to solve this problem.
Even if this was 100K bitcoin, the market is not going to respond in a negative way because these are stolen funds and they can't easily be sold. The coins are flagged and whereever they get sent they will most likely get frozen. Many exchanges have blacklists and if there are tainted coins depositted into it then they are frozen. Even if they don't have this address blacklisted, many people who track the coins onchain will email the exchange and tell them to do so. They will have no choice, they won't allow them to be transacted with at the exchange.
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I don’t think they have a case here.
In the past some celebrities like Kardashian were sued because they advertised a product and didn’t state that they were being paid to promote it.
These tv commercials are completely different because obviously you know they were being paid to promote it. So I don’t think they will have much of a case. Sbf basically fooled many people and it’s not surprisingly that celebrities didn’t know about his true colors.
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Are these chip mixers actually completely untraceable? I read a report somewhere that if a large enough player goes thru a mixer then people will perform an analysis and be able to link the bitcoins completely after the mix. No idea if this is true or not.
Seems the only sure way is by using monero, however there is no bridge between monero and ETH or BTC right now. So only way is going thru an exchange which is very risky. Only way would be to use non KYC exchanges but it would take forever with a large amount such as this.
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