Basically the token is correlated right now to how the crypto markets are performing. Both FTT and CRO and LEO are all far from ATH. The only one that is high right now is BNB.

When there is a bear market usually the volume is lower and less revenue for the exchange. The opposite is true during a bull market. Hence we will to bottom first and start rallying towards ATH for these tokens to also go to ATH.

Tomorrow are the employment numbers. And most likely nothing will come of this unless…

We get a very high unemployment rate and then we should rally since this is what JPow said on the conference on Wednesday that he wants a better employment market and not one that is too tight.

We get a very low unemployment rate then we will obviously dump because it means that the fed will have to be more aggressive on his hikes.

However most likely it will be average and nothing will happen.

First time I see these photos. I am guessing this is not recent but when China banned mining a year back or so. Pretty sure most of those are not current gen GPUs. Looks like some old RX 470 GPUs there.

In the first photo. What is he doing exactly? Looks like he is selling the GPUs on the streets. Because it’s a weird spot to be building rigs or packaging them up.

You might as well use an exchange like Kraken and just do a bank transfer. You can use other exchanges like Gemini or Binance but you need to do a wire transfer for those which is more work.

Yes you will need to KYC but you need to show ID at most Bitcoin ATMs anyways. At least that’s how it is in my province. Gone are the days when you could buy thousands at the ATM without KYC.

It’s not only the free shipping why they get less sales. It’s because people have less disposable income compared to a year or two ago.

Most of the stuff that Amazon sells people don’t really need. I doubt many are buying laundry detergent or toilet paper from Amazon.  Its usually goods that people will put off buying when they got a higher mortgage payment and higher grocery bills.

This fed statement wasn’t about the 75bps hike. We all knew he would hike 75bps, it was listening to hints if they would slow down the hikes and pivot. Which wasn’t the case.

Many had rumors that the fed was crashing the bond markets and would have to pivot. Since it happened in other G7 countries. So many were sure they would say they are hiking less next month, but it’s not the case and hence why stocks took a dump.

Nobody said it was over. There was some speculation and rumors that started when the Bank of Britain and Bank of Japan had to intervene in the markets. Then when bank of Canada raised rates by less than 75bps there was speculation that fed will do the same, they didn’t.

Most likely we might get another leg down and another one after it before we bottom. Nothing has changed and we are still in a time of high inflation.

So the FOMC is done and it looks like you would of been right if you looked at the bond markets. The bond traders were calling JPow bluff and they were right.

He was very hawkish and no mention of any pivot until they get inflation to 2%. Most likely the rates won’t come down until late 2023.

Crypto and stocks all took a dive due to this news.

Those usb miners were never meant for profit. They only built them because they could sell them for $50 a piece and used maybe $5 in parts. They were more oriented towards those that want to dip their feet into mining because it was an easy transition.

Pretty sure the only people who ROI those miner sticks were maybe those that bought in early 2013 and sold in late 2013 when the bubble popped.

Nobody knows whether it will go up or down or stay sideways at the end of the year.

Usually when bitcoin goes up, and we are in a bull market. Alt coins go up much higher. Hence you are better off holding mid-cap alt coins in a strong bull market rather than bitcoin. However the opposite is true when we are in a bear market. You are better off holding bitcoin because altcoins can go to 99% losses.

Same with sideways markets, bitcoin can stay the same price but altcoins can go down 99%.

You guys need to becareful with Dogecoin. You need to realise that its still mineable and if the price is something like $1 a doge. The miner revenue per month will be $500,000,000. Obviously its not sustainable.

Recently, especially since the SNL skit, all the pumps were faded and today we had a double top. Plus there are lots of bag holder who want to get out. I would be extremely careful with Dogecoin in a bear market. You can get burnt.

Tomorrow the fed will for sure raise by 75bps. But that isn’t the point.

We are all waiting for their plan with future rate hikes in the year and early next year. If that dot plot is more dovish then we will rally.

If we get 50bps tomorrow then we will rally like crazy and most likely bottomed.

It’s all up to the fed. It all boils down to FOMC tomorrow.

Basically if the rumors are correct and they will be dovish then we will get a bullish month. So far many other central banks pulled back on hikes and there was some QE with others. So people are speculating the same for the fed.

However there is the chance that they will be hawkish as before since these rate hikes didn’t do much to tame inflation just yet.

I will vote tomorrow on this poll.

These people who made this listings don’t really think straight. They put stuff like “you can make up to $100/day”, etc, etc.

They list their home address for pickup, and they don’t worry that they will come back and demand a refund?

I think that the ones who are doing this were the ones who bought GPUs in early 2022 and they are sitting at a loss and want to recoup their losses.

Most people I know who are new to mining they all funded their gear with credit cards which charge 20% interest.

I am not optimistic earlier because I don't think anything was fixed with the rate hikes. Stuff is still expensive even if it shows that inflation is slowing. You go to a mall you got people spending left and right on stuff they don't need. Same with the high gas prices. People are still driving.

The bond traders are basically calling bluff pretty much, the bonds markets are still relatively low. Just because other banks have kind of acted dovish doesn't mean the fed will also. This could be all a nasty bull trap.

We will see tomorrow.

Yes he is a big joke. No idea why he is on tv anymore. The majority of his predictions are wrong. Like last week on Meta. Now we got this article about him being bearish, obviously means the market will rally this week.

I remember he was a joke back in 2009 or so. Haven’t watched CNBC in a while and I am surprised he still has a show and is on it. He also seems like he gets no sleep or is drunk on his show.

We will know whether it’s bull or bear this Wednesday when the fed releases it’s rate hike and statement.

If they are dovish then the markets will all rally and most likely we all bottomed. However if all this rumor about a pivot were false then there will be a nasty crash down.

Then there is the employment numbers out this Friday. So it will be a very busy week.

Hopefully you are doing this with permission and not just stealing power from your employer.

Easiest way to do your portable miner is just to buy an ASIC. However you will need an Ethernet cable to plug it in for internet and that’s it. Very portable. Just a small box with a PSU connected to it.

Keep in mind one thing. The ASIC is fairly loud. As loud as a vacuum.

I bet you he was browsing the classifieds and found maybe crypto mining rigs for sale and is thinking about buying one because the prices are cheaper. There was some guy here or on Reddit who bought some expensive mining rig and was shocked when he learn't there is no more profitability anymore.

Those sellers shouldn't sell entire mining rigs. They should just part it out or build some gaming rigs. People are getting tricked into buying this equipment because they heard about "friend of friend who pulls in $10/day" and they think its a great investment.

At least this guy asked beforehand and we warned him.

Here is a tip if you are going to be using stop loss.

Try and not set it right above or below the daily high or low. Those are very common stop loss areas and traders know there is a lot of volatility in those areas and will usually try and run them. If you put it in those areas you need to put it much earlier than the daily pivot or further away.

Or just enter a trade where you normally would put your stop.