The best thing about these etfs is that unlike an exchange where you risk your funds getting stolen and having to use unique email, unique password, 2fa, whitelisting, etc to protect your funds. You won’t have to worry about this with etfs.

Imagine some older person who is not very technical. Can you imagine them going on Binance and having to KYC and then self custody. Nobody has time to learn all these steps. But with the etfs your funds are well protected.

I think prop firm only works for people who know how to trade but lack capital. Sure there is leverage but not every market has leverage available.

But for most people it’s a disadvantage because you need to pay data fees and you are limited to small daily losses. They can give you $50000 of starting capital but if you lose say $100, then you are done for the day.

Usually people quit and move on to something else because it becomes a waste of time.

When it comes to mobile apps, at least with the iPhone. Each app is sandbox from another. Meaning that unless you give permission, one app cannot access the data from another app. This is why mobile phones are generally more secure compared to say someone using Windows and running executables from the shady websites.

Also phones can only run signed code. So the app needs to be approved and signed by apple for you to run it. Hence why it’s again much stronger security compared to a windows Pc.

Yeah but keep in mind that the higher the market cap goes, the more work it is to get the price to increase. Remeber how easy it was going from $30 to $250 and then to $1000 during 2013? Or how we went from a low of $200 all the way to $20000 within a year and a half.

Now it’s getting more and more difficult. We broke ATH but are stalling and struggling to go higher. This is what happens when market cap is high. At a price of $200, you could get retail to buy maybe 10-50 BTC.  But at a price of $70K most retail can only buy a mere fraction of a coin and hence why it’s going to be a long way to $100K.

So for the past few days it was impossible getting any transaction in. I had to switch RPC back and forth and set a high fee just to get a simple SOL transaction to send.

Turns out there is something called ORE which is POW mining on a POS chain. Sounds crazy doesn’t it.

Launched 4 days ago. Market cap is small like $7M so has potential.

I tried it out, took forever to install and after an hour with a laptop CPU I earned 0.0005 ORE which at the moment is worth about $0.50

So maybe if you guys still got tons of CPU’s laying around nothing doing anything you can do this for fun.

You can’t really properly hedge this. There will be losses that you will have to accept. Any type of option, especially crypto, during a volatile period has huge decay. You are paying a large premium and the option loses value everyday due to the time decay.

Maybe this would be possible if it was extremely short term and the option was in the money and close to expiry but the spread is high on options and liquidity isn’t always that great.

I am just surprised they haven’t sold these holdings earlier. When was the last time they sold? About a year ago. Price went higher, why didn’t they sell more.

Why didn’t they sell everything during the 2014, 2017 and 2021 bitcoin bull markets. Very strange that they kept them all these years while the trial ended a long time ago.

Yeah if you’ve been in crypto for a few years you got crazy op sec security. I yell at all my friends and family to never reuse passwords, who never use 2fa, put all their passwords in their notes on their iPhones, etc.

With crypto you gotta have high standards when it comes to safe guarding it. There are crazy scams all the time and so elaborate that even some bitcoin devs fall for them.

It’s hard to say. These bitcoins etfs are difficult to predict how they will affect prices. As soon as they launched, Bitcoin dumped.

It went below the $40K and all of a sudden the flows were positive and they were positive
Until $74K top and then they started to flatten and turn a little negative.

So was the halving priced in? Hard to say. When we hit $40K, I didn’t think we would hit a new ATH either.

When I first heard about lightning it was almost 10 years ago. I thought it was going to be amazing. However it never really caught on and I am surprised.

I think that most people just stopped using bitcoin for micro payments and which Switched to stablecoins on l2 networks like ETH, ARB, Polygon, etc.

ETH fees are high now but they weren’t when USDT launched on it many years back. I think many people utilized it. Then they switched to maybe Tron or Solana for near free transactions.

Hence why lightning never became larger.

The bitcoin ATM scams are bad. They even have warnings on all the bitcoin ATMs that if someone calls you and claims to be the police and you need to pay some fine in bitcoin, it’s a scam and to ignore them.

I remember a few years back when bitcoin atms were new. There was a lady at one and she was clueless how to operate it. She showed me her phone and said she needs to send this much BTC to this address, I looked and read the messages above and noticed she was getting scammed. I told her about it and she was relieved. It’s crazy how many people fall for all these scams.

I’ve been out of the loop with these ordinals? What exactly is happening. I noticed the other day it was possible to get a transaction confirmed for 6 sats/vbyte within the hour. Seems like these Ordinals are fading away.

The ORDI token seems to have doubled topped at almost $100 and lately been trading sideways and looks like it might break the $50 support.

Did the Bitcoin devs state that they will remove that feature that allows ordinals on the bitcoin blockchain to save on transaction fees for people who make actual bitcoin transactions?

Thanks for posting the link. So it looks like the dump had nothing to do with the government funds being moved to coinbase. If you look at the chart, you would see it’s very bitcoin bottomed pretty much.

So either it’s a coincidence that it happened the day prior or there was some leak. Someone knew about this, most likely someone at coinbase or the government and leaked it and everyone shorted.

But when the news came out, it already bottomed. So it’s strange.

I think we might end April around the same price as we are now.

Reasons being is that the Justice Department has sent $2B to coinbase most likely to sell. Even if it’s auctioned off, it would still have some sell pressure.

Also the flows are starting to slow down. We used to get $500M a day but now we are down to $100M, and most of that is because the GBTC flows are much lower. They are $100M daily increase of the $300-500M. So this is slightly concerning.

So basically he is trading without a stop loss. And since he is trading this way, generally usually some of those losses will reverse and they will dampen his earlier losses.

Sure this will work in a sideways market. But won’t work in a bullish or bearish market. If the market is bullish and he keeps shorting, eventually his position will be so large that it will liquidate him.

It’s not a good way to trade without a stop loss. It’s better to take a loss early and move on to something else. Don’t stay in losing trades for too long.

I think it depends on who will win the election. If trump wins then for sure it’ll be like $80K or something, especially since he is pro Bitcoin now. He has to be since he made all those millions by selling those Trump card NFTs.

And more importantly the stock market will pump if he wins. Usually his policies are bullish for the markets. If Biden wins then who knows what will happen. However when stocks go up, so will crypto since they are correlated together.

Does anyone have the transaction Id for this transaction? Reason why is because the day prior we had a big dump from $70K. And it seems like someone might of been watching those addresses and started to short as soon as the funds got moved.

Or maybe there was some leak that the money was going to get sent to Coinbase. Either way I am wondering how it will be sold. In the past it was always auctioned off. However they sent it to an exchange which is strange. Maybe it’s for some Coinbase OTC deal?

So you basically want to sell for fiat and then if bitcoin goes lower you buy it back. You use the same amount of fiat but you buy more bitcoin because its cheaper. Sure this is a great way of doing things as long as we are in a bull market. But what will you do if you sell, and the price keeps going higher and higher? Or you sell and it goes lower and lower?

Best is just to hodl if you think it has more growth long term. This type of scalp trading never works out. Especially for new traders. You might get lucky once or twice and get a better average of your bitcoin holdings but eventually you will sell at the wrong time and buy at the wrong time.

Pretty nasty rejection when we retested the $70,000 psychological number. The flows for yesterday weren't that great, they were about -$100M or so. The issue is mostly GBTC which is selling $300-$500M a day. Until these flows stop, the numbers will be ugly.

We also got a bad weekly close, the week prior but last week the close was above the previous ATH, which is considered bullish. But it was this nasty flash crash which sent us tumbling down very quick to the $65K area. Lets hope that we bottomed and we will chop around until the halving, then we might retest the ATH and go from there.

First of all Bittrex didn’t go bankrupt they just ceased operations due to regulations.

The others on your list such as Three Arrows capital isn’t an exchange. It was a trading firm which over leveraged and went under.

There are many exchanges that never did what FTX did, like Bitstamp or Coinbase. Many exchanges are legit and honest. Don’t let a few bad apples ruin the entire bunch.