This doesn’t really mean anything. It’s just journalism.

Basically they stopped calling Bitcoin dead because people don’t care anymore and aren’t reading the article. They only write article these days if they can only get someone to read it.

Nobody cares now whether Bitcoin is dead or alive, so don’t they print as much articles.

Back in 2017 the trustee sold like 60K worth of bitcoins for fiat, where did that money go? My understanding was that it was to make everyone whole in terms of dollars on the day when MtGox went bankrupt. So 1 BTC was like $900 or so.

If you had 1 BTC they would send you $900. I never followed up on whether the creditors got the money. However why else would they sell 60 K worth of bitcoins if nobody received them?

From what I understand. 0.1 to 1.0 is generally the retail market. And whenever this peaks it means that lots of retail have bought Bitcoin, meaning it will top soon. Which it has shown in the graphs.

The issue I find with this is that 1 BTC back in 2014 is different than back in 2021. Since in 2014 when it peaked it was $1000 while in 2021 it was over 69x that pretty much. The value of these bitcoins compared to fiat are much different.

So you basically want a bot which will read out certain events such as CPI prints, employment numbers, etc and take a trade based on that info?

A bot like this is very professional grade and you will also need a quick connection to your brokerage for it to work, since you are going to be trading against many other high frequency traders out there.

Generally you need to build this from scratch if you want it to work perfectly. Can’t buy such a bot for $50.

Seems like his sell once again triggered a sell off. The weekend has ended and we start the week with a down trend again. Most likely we are headed to the $20k.

It’s crazy how his actions influence the crypto markets. First time he bought we went all the way to $60K. Then he stopped accepting BTC due to environment reasons and caused the first sell off. Now the news that he sold most of his position again looks like it marked a local top.

They are not releasing 400K worth of BTC. When they got hacked they got somewhere like 850K stolen however after they shutdown they somehow recovered 200k or so. It was from some other hack but they somehow got 200K to give to the victims. The rest was never recovered.

They sold in 2017 to cover for fiat lost and why they only have 135K left. So whatever US dollar amount they lost, it was already sent to them. Now the remaining BTC they need to equally divide it amount those holders.

These scams are very rare these days because price of ETH gas for transactions is very low. You can send a erc20 token now for $0.50-$1.00 and nobody runs these scams because at best they steal a few pennies.

Someone sends $1 worth of ETH into the account, they immediately make a transaction using $0.50 worth of ETH and their profit is like $0.50.

Back then you needed like $50 at least for an USDT transfer and people sent usually $100 worth of ETH. And for TRX network it’s fees are in the pennies so this scam is not vert smart in my opinion.

I don’t think a better miner software will really help because he is the only one mining.

Let’s say his CPU hashes 10000 h/s using the stand alone miner. And he finds a block every 10 mins on average. If he switches to a more efficient miner and it hashes at 20000 h/s he will find the first few blocks pretty quick but the difficulty will double and he will be in the same spot.

Doesn’t make sense for him to upgrade his hardware or software if he is the only one mining.

My memory might be hazy but I am pretty sure back in late 2016 and early 2017 you could of scored an RX 470 8gb for around that price. The MSRP was higher but there were many rebates that many manufactures were having.

Now it’s crazy that someone 6 years later is asking the same for the used 5-6 year old GPUs. Seems that majority of the Polaris were all money makers for everybody that bought one.

The fed rate hikes are already priced in. If there is a 75 bps hike next week, nothing will happen in the markets it’s already priced in. If it’s higher or lower than 75 bps then that’s a different story.

If you look at bond yeilds there are hints that the fed will be done hiking by end of 2022 and maybe even cut rates next year. Currently oil is down and most likely next CPI won’t be as high as it was for the last few months and it’ll calm the markets.

This is proof that there is way too much leverage out there. The stock indices maybe dipped 25% from ATH and you got funds which are going bankrupt or have huge losses like this.

Bitcoin is another example, it broke $30K and look at all the lending platforms and capital firms like 3AC that went under.

Imagine what happens if stock market indices dip further and so does crypto. It will be carnage everywhere pretty much. Hence why I am assuming fed will start to cut rates next year.

Investing observation. I don’t think I’ve seen this one before. However if you zoom in you will see it’s not always accurate.

If you relied on the indicator whenever it hit a new ATH you would sell too early. You can see a few times it spikes while price still kept going up afterwards.

No the price he sold it at is higher than the current price, so he did a good thing by selling it when he did. Most likely it was around $28-29K or so.

I am guessing it went close to his buy in price and markets looked weak and they just sold due to pressure from investors in the stock. He most likely had no choice but to sell to save Tesla.

I am too lazy to search but if you search for topic created by my nickname and you see that I called the top within a month or so. It went higher when I created the topic but it peaked shortly after.

Why? Because too many people were trading crypto in public in my area. Everywhere you went. People had their iPhones out and on TradingView or Binance and trading crypto. That’s how I knew it was the top.

Also that Jason Bourne commercial for crypto.com was icing on the cake.

This is not a new scam. But it seems like a new one because it’s on the Tron network instead of Ethereum.

How does the scam work? Well without using a block explorer I am going to assume that the address has only USDT and no TRX correct?

Hence to send the USDT you need some TRX for the transaction fee. So you send some TRX and as soon as it’s confirmed they send all the TRX with the USDT to another account and you are scammed.

Very popular on ETH network however seems new on TRX.

Who knows? Maybe he hired people to do an investigation after the Luna collapse. And his advisors told him to sell because due Luna and UST going to 0 pretty much it'll set off a huge liquidation cascade which is pretty much what happened afterwards.

He did state that he might rebuy in the future and he also didn't sell his entire position so he might not be out of crypto completely. Or is was a decision by his board that he needs to protect Tesla's cash incase there is a big recession coming up.

Its rare to have people actually mining with the R9 Fury. I remember back in 2015 they were very expensive and had many hardware defects and people either used the slightly less efficient R9 290X or they waited until the Polaris came out in 2016 and the efficiency was pretty much on par. After summer 2016, nobody really used the Fury for mining.

They were popular with gamers and most miners sold their Furys and bought some Polaris cards. So this is why you don't really hear too much discussion about the chipset. I think it was AMDs least produced chipset.

Yes crypto seems to be recovering and stocks are also recovering. Tesla had earnings during and is up 10% and Netflix lost like 1M people and still stock went up.

CPI was horrible but last week spy finished positive and bonds are stable which means that people are assuming the fed will raise rates a few more times and then begin to cut them.

Also the hint here was the price of crude oil which dropped. Now most likely CPI prints will be lower than before.

I think the OP doesn’t realize how poor El Salvador is and how rich China and USA actually are. Even if they bought 10x as many coins and Bitcoin did a 10x from here it still wouldn’t come close. The president buys very little every time he tweets.

Saylor and musk bought in the billions and the most El Salvador can buy is in the couple million or so. So won’t make much of a difference really. They just aren’t buying enough. Don’t understand most of the original post to be honest.

I don’t think it was his idea to sell the coins but most likely the decision of the board. What is going on with the economy right now and how Bitcoin looked like it might break $20K (which it did after they sold) they figured it was best to liquidate their position at close to break even as possible and face as loss.

From what I remember they bought at $30K and sold 10% at $60K. So selling 75% at $29K is more or less break even. They needed to raise cash and with the stock going down due to his share selling and Twitter buying. They decided it was in the best interest.