Yes I know tons and tons of people who got burn't by following his Doge coin tweets. I had so many people who I knew in person, call and ask whether they should buy Doge or BTC. I told them to buy BTC but they said its too expensive and Doge is cheap.

They had this theory how they will buy at $0.50 and sell it at $5 or $10. I told them it will never reach that number due to the huge market cap and large miner rewards. They are still bag holding from entering at $0.50-$0.75. Many entered when he had that SNL skit.

I manually looked at many of those which allow their trades to be copy and pasted and I can't find any that will help anyone. Most of the largest PnL or %'s wise are no longer active. Those that are active, they barely take any trades.

And those that do takes trades, if you look at their open trades, most of them are in huge losses. I don't think there is any active trader out there that takes small losses and large gains. Most seem to be long term bag holders on there.

Right now we hit the lowest bitcoin volatlity since 2020. So pretty much any day now there is going to be an explosive move, however no idea which direction.

Everybody thinks it will go down to $15K, since everybody thinks this. The opposite will happen. Just like in November 2018 when everybody assumed that $6K was the bottom and it would go up after a long period of consolidation and the complete opposite happened.

I think most likely this move will happen sometime in November, so a couple more weeks.

I don't know about $300K but I know that ill break ATH or come close to $50K or so. Take stocks for example. Stocks like Apple, Facebook, Google, etc have been trading way over valued for years. They have crashed hard and are still over-valued. Does it mean it'll ever be true valued ? No.

Because people are addicted to trading. After this bear market is over. There will be FOMO once again for new retail money. And it'll be the same cycle over and over again. Just need to be patient and wait.

I think what will happen is what happened back in 2015. Most GPU miners will become ASIC miners. They will liquidate their farms of GPUs and instead buy BTC and LTC ASICs and mine with those.

Mining with those even at a loss makes more sense since those coins aren't going to go -99% like most other mineable GPU alts. I remember maybe people back in 2015 were selling their R9 280X that they used for LTC mining and bought Antminer S5's and SP20s ASICs since they were more profitable and it paid off when BTC ran later that year.

I think  the reason why many employees want people to leave the webcam on is because of something called “overemployment”.

What is it? Basically it’s someone who has multiple jobs and each job doesn’t know about the other. Many have 2-5 jobs and it’s possible because they are all remote.

So employers want to see the webcam on to make sure you don’t have anymore than 1 job at a time.

I am going to guarantee you this. Most likely the coins you mine will lose 99% value or you will basically give up and sell all your coins because you think crypto is dead.

Every cycle I knew people personally who just couldn’t survive the bear market anymore like in 2015 and 2019. Nothing was moving. All coins were trading sideways or going down. So people gave up. Thinking crypto is dead and that was the bottom. Most likely the same will happen to most people that have this mentality.

Nvidia didn’t benefit whether the card sold at MSRP or 3x over. The only ones that did benefit were the ones flipping them. Or perhaps some online retailers who marked them up a little. They sold their GPUs mostly to AIB for a fixed cost. So if it sold below, at or above MSRP they made the same amount of money.

Sure it was good for their business. I remember years ago before mining, computer stores had tons of GPUs because nobody bought them, people played on Xbox instead. So how will they do now? Will they survive? Sure but their profits will definitely be much much lower than before.

Easiest way to do this without any expert programming would be to just use the API and basically set some task such as cron job or whatever it’s called to execute at a specific time.

So you get your private API keys and basically send the command to cancel the order at a specific time. It’s most likely the easiest way except doing it manually perhaps.

I will pretty much say what I said in a similar thread such as this.

Bitcoin will bottom when there is clear evidence that inflation is under control and we won’t get any more rate hikes. Currently inflation is still increasing MoM and the yields are rising as a result. This is not bullish.

We need some major indicator such as loss of jobs which means that inflation is definitely topped and means fed will make rate cuts in the near future. No idea how far away that is however.

This is the treasury and not fed reserve. The fed reserve prints all the money they want but with the treasury it’s different. Don’t know whether this is bullish or not.

I mean if they buy bonds then the yields will go down but will it be good for inflation? Probably not. I think they are just doing this to make sure there isn’t some nasty liquidity crunch in the bond markets.

I honestly think it will be the employment numbers. Right now we are looking at CPI but pretty soon we will be looking at employment numbers. When people start to lose jobs, that means the fed will pivot and it’ll be the bottom for stocks and crypto.

Won’t happen overnight. And with last CPI and these yields we are getting it looks like the bottom probably isn’t in yet. So far these fed rate increases did very little for inflation.

If you are mining at a loss then it doesn’t make sense.

Just buy many of the top 20 coins on coin market cap excluding stables and you should be good. These low cap coins won’t survive the bear market. They will go to 99% loss. This happens every cycle pretty much. You might get lucky but most likely many will be a slow bleed down.

Yes I am not surprised by this at all. The only reason Nvidia created LHR GPUs was because the Nvidia fanboys were crying all over the gaming forums how they cannot buy any GPUs because miners bought all the supply.

So they created this little software hack in a way to make those fan boys happy. However I am pretty sure miners bought these GPUs anyways and it didn’t do much. The nail on the coffin was when ETH went POS last month.

The way it works is like this. Crypto currently follows the stock markets, especially nasdaq. They are highly correlated.

Nasdaq follows the CPI data very closely because high CPI means higher fed rates which means stocks go down. And when stocks go down so does crypto.

Eventually it’ll decouple but nobody knows when that will happen. Right now it trades as a risk on asset.

The reason why many exchanges allow this is because they know that the retail Public has no idea how to actually trade. So they provide these copy trader services because they make money off the commission.

The issue is that eventually those who run the signals eventually end up blowing their accounts and so does everyone who copied them. It’ll work for a while until it doesn’t pretty much. You can’t make any money long term with such services.

There aren’t any out there that will make you any money. They are all pretty much scams. If someone is so good at trading and they make lots of money. Why waste their time providing trading signals when they can just trade on their own.

Even if you find some videos online of their trading. Most likely they hedged their position somehow or they faked the video. Avoid any of these crypto paid groups.

This is why we will most likely get lower rates in the future. The world cannot function with rates this high.

I think when we get close to 2% inflation, there will be rate cuts and inflation will rise to 3-4% but rates will keep dropping anyways. The fed has no choice. Especially with all the debt it has to maintain. They might even cut rates earlier when something basically breaks like the bond markets or some nasty recession.

Today was an interesting day. Basically we got a bad CPI print. Everything tanked. Crypto and stocks. And then what happened? Complete reversal and we finished the day positive. Even now we are approaching $20K area.

What is interesting this happened before in July before we bottomed. We got a bad print but got a reversal. And it went all the way up to $25K. So I am assuming this is going to be something similar.

Yes this seems like a repeat of nov 2018. Basically extremely tight range. Most days it stays well within $1000 range from top to bottom. Very low volume.

The OI is actually going up. So it’s going to explode. However which way is the question. Best to play this with some options since it’s anyone’s guess where it will go.