Looking back in history since Bitcoin was created back in 2009 There were a lot of different exchanges like - FTX, November 2022. Bankruptcy Type.
Three Arrows Capital, July 2022. Bankruptcy Type. BlockFi, November 2022. Bankruptcy Type. Core Scientific, December 2022. Bankruptcy Type. Voyager Digital, July 2022. Bankruptcy Type. Celsius, June 2022. Babel Finance, June 2022. Hodlnaut, August 2022. Cryptopia , Bittrex ,
It happen with all and it can happen with Current ones e.g the last one KuCoin like 7 Days ago two of its founders were charged with violating anti-money laundering laws by U.S. Be smart and keep your assets SAFE always use a Cold Wallet Your Keys Your Coins Does this concern you ? 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.
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Yeah it’s going to be a very volatile month. As soon as the month hit we got a nasty move downwards. I wonder how the rest of the week will be.
Very surprised that we aren’t at the $70K area given all this positive development. I think towards the halving it will be very volatile and afterwards maybe a small grind up.
As long as the flows are positive, then it’s going to be a very bullish year.
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Yeah I already made the mistake of telling people about bitcoin in 2015 or so. And I never told them how much I bought but the problem was when the bull market of 2017 came, everyone assumed I was some crypto king. And they wanted money.
Or they wanted me to take their money and basically 10x it. Some guy needed like $50 K and he wanted to give me $5K so I can turn it into $50K by crypto trading. I obviously refused.
Hence don’t tell anyone about any crypto you own.
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I was about to reply, who used Masternodes these days and then I looked at when the topic was created and it all made sense.
Back in 2018 and year prior, people went crazy over masternodes because of Dashcoin. Then we got tons of forks of these coins and many of them are -100% by now. I remember how much hype they got back then. Now you never heard of masternodes.
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There are 2 ways to grow your account.
You can either take trades which can go either way. And if you are a good trader you will earn profits and increase your account size. However for many it doesn’t fall into this group, most traders lose money in the short term.
If you got some stablecoins like USDT or so you can lend it out. Currently it’s like 15% or so a year. If you got bitcoin or Ethereum you can do a cash and carry trade and those sometimes yield 80% APR but are more involved then just holding stablecoins and lending for yield.
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I tried to trade a few of the coins on dexscreener back when WIF was pumping and other meme coins like boden were doing great. However every token I bought was either a rug pull or it just went -99%. After like 10 or so, I just gave up.
Basically not for me. Sure those who caught WIF made a killing if they held but many bought tokens which went -99% and gave up trading these meme coins. Maybe there is some strategy but it just isn’t for me.
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The way that these prop firms work is they got systems in place to prevent large losses. Usually when you are new, you are given a very small amount of capital. No one is going to give a new trader over $1M to trade with on the first day.
You might be given $10000 or so to start but you need to realize that once your position loses $100 or so, then they will close the position for you and you can’t trade until next day. They do this to limit losses.
Then there are fees such as market data which you need to pay for. Most will just waste their time with a prop firm and give up.
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I don’t think it’s over either. As long as we get positive etf flows and all these stablecoin prints keep popping up then we should be having a bull market the entire year, unless something bad happens with the economy.
There is lots of money going into crypto and it doesn’t seems to be stopping. I think many now are waiting for the halving and we will see how Bitcoin performs then. It could be like 2017, where the entire year was bullish and bitcoin kept hitting new highs before topping out at the end of the year.
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Yeah it’s satoshis address and people basically send money there for fun. Most likely it Will be lost forever. Sure it’s possible to spend but it’s highly unlikely that satoshi will ever surface or spend those coins.
On the day of the anniversary of the Genesis block, many donate large sums to that address. Like last January and January before that the address was sent a huge sum. Most likely some early adopter just thanking satoshi for all his work.
The rest is just dust and bitcoin sent as a memory.
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I would say that many who mined in 2009 on their laptop most likely lost it by formatting their drive, some sold it when bitcoin exchanges hit the market, and a very tiny percent of people actually held it for a few years.
Same with those who mined in 2010, most just sold it on MtGox or whichever exchange was present and the rest they sold when the bull market hit in 2012. I think a very small amount of people actually held all the way to 2024.
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On Reddit some customer posted some email about Kucoin saying they are fine and that they are doing some contest to with some free prices such as tether or some other crypto. I forgot what it was exactly but it sounded like a bad attempt to cover up this situation.
They might be fine but people are not taking risks after Ftx. Hence you see all these withdraws. Most people know that you can always deposit back after the dust has cleared but not worth risking it by keeping funds on the exchange.
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The most important and most difficult feature to implement to a bot would be a way for it to be profitable in all conditions. I am talking about bull market, sideways markets and bear markets.
Most bots function well in one or the other. Some even function well in bull or bear as long as they are trending one way or the other. However they won’t function well if the markets get stale.
Hence the bot needs to detect what type of market we are in and adapt to that market to stay profitable or at least stop losing money.
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With the news that we got last week. I don’t think we will get an approval in May. Maybe later on in the year or next year.
The biggest issue was the reports that the SEC thinks ETH is a security. And if there is some case ongoing about this then I don’t think any of those etfs will be approved. They will all get postponed for a later date.
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I am just wondering why they are doing this? Is it for PR?
Reason being is that this is a extremely rich company and they don’t really need any of the bitcoin profits. I am guessing perhaps they did this project to see how it would go. If it lead to stable mining conditions and decent profits, they could say that those profits would all be donated to environmental charities.
Since there was no report since then, I am assuming it was very difficult to get a stable miner to function and they called it quits.
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I think we might hit $50k compared to $100K in the near term. You need to understand that the entire economy will burst soon but nobody knows when. When people are dumping stocks, crypto will also suffer. Question is whether this will happen in the next few months or will it take years.
We can still break ATH but $100K is still a long way away. $50k is much much closer at these current prices. And it all boils down too how the flows will be in the next few weeks. Last week was positive but week prior was negative.
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Most likely the airport personnel would have no idea what it is. However if they are familiar with crypto and they see a steel wallet with 12 worded inside it wouldn’t be too hard for them to take out their phone and snap a photo and go on a lunch break right after.
My advice is don’t travel like this. Just leave it at home and write it down on a piece of paper and take that with you. If you lose the paper you still have the steel wallet at home.
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I don’t know why everyone is suggesting complicated means to destroy the steel plate. Acid is expensive and hard to come by and how will you melt it at 3000C in your home?
All you need to do is take a drill and make a few holes in it and you are done. If the drill breaks it means you got a cheap bit. Buy one of those $5 bits and it will drill thru steel like butter pretty much.
You also don’t need to drill all the way, just enough to destroy what is written on the main surface.
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Those are notional values so it doesn’t mean as much as you think. It’s like someone buying a far away out of money option for like $10 which is 1 BTC, it would imply only $10 was the option trade price for an $70000 option.
Every month we get these alerts and people expect some volatility but in the end nothing happens. Rarely do these have any type of effect, even with stocks.
It’s just an article to generate some interaction and get some exposure but I wouldn’t take these option expiry dates really seriously.
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Sure this is possible but these type of proposals were presented about maybe 10 years back. You need to remember if you do this then the block chain size will increase and so will the required bandwidth. So what will happen is that it will take more resources to secure the network by node operators. Eventually the resources will be too much so node operators would stop providing the service.
The solution to this problem is to leave the main bitcoin network as is and just use l2 when you need to do frequent transactions. This way you can store your main balance on the main chain and from time to time keep some on some l2 which you spend daily.
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I remember back in Nov 2022 when he was seen walking around his Bahamas city pretending like nothing happened. Everybody was tweeting him “why aren’t you in jail yet?” And he basically thought that just by saying “sorry” in a twitter post was all it was going to take to keep him out of jail. He sure was wrong.
It also took a long time for them to finally arrest him. Took weeks if I remember correctly, he was doing interviews and everything during that time. People were furious. But the day finally came. Wonder what will happen to the other FTX managers who knew what was going on.
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