Bitcoin is not the only asset that is under performing. Pretty much most tradable assets are trading this way. Only stocks I know which are near highs are Apple or Tesla. However most of the mid and large cap stocks are down 50% or so and they peaked right around the same time.

Why? There are too many issues right now

War
Inflation
Rate hikes

There might be a recession around the corner and stocks will go down due to poor earnings and crypto will follow.

One of the ETH devs confirmed this on twitter. And there are media reports also floating around.

Basically they ran into some issues and got no choice but to postpone it. What other ETHs dev have said is that ETH has gotten so complex that they are not surprised they are running into issues left and right.

I actually believed Q2 would be the actual merge because their tone was completely confident last month however in the past week it has changed entirely. No idea if it will go finally live in Q3 or not.

Nobody knows. I think it all depends on how the stock markets play out. Currently this week we got JPM earnings and they were a miss. If we see many more bad earnings then it’s possible for a larger correction however I don’t think it’s going to be like 85% correction.

It’s possible however that we might revisit the low of last summer and maybe touch the 200 WMA. The signs I am getting is the false break we had last week when Luna was buying bitcoins in the millions. We should be at $50k now however we failed to even reach that. Seems like lots of large sellers are active at these levels.

When people first start to trade they never use stops because they have no idea what they are. After losing some money and discovering such an option they finally decide to use it.

However they find that wherever they put their stop, the market goes to that stop and ends up reversing after. So they stop using stop losses again.

Then there is one day when their position loses >20% in a single day and they didn’t get out, they finally realize that using stops was better then not using them at all.

You can take apart the fan shroud and see if there is anything which blew up. If it’s something common like a capacitor you can find a replacement for it and see if it works.

Most likely you will see lots of burn marks and even PCB can be damaged. However you might get lucky and just need to replace a few capacitors.

Not the first time it happened. It happened to miners other times. Usually when they are in a rush to build a rig and end up plugging it in backwards.

This is not a good way to earn interest. Basically you need to own the underlying and what happens if it loses 99% of its value? There are way too many scam tokens out there which promise 100% APY to get people to buy them and then they lose all their value. Compared to the two I rather just keep it inside a bank earning nothing rather than lose 99% value.

If you want to stake do ETH or lend your stablecoins on a regulated exchange. Use 2fa and white listed addresses and be smart about security. Much better than the token he mentioned.

It will never crash 80%. It’s just not possible. Remember the covid crash? People assumed it was the end of the world and I was thinking that it would crash to the peak of the 2008 stock market top and it didn’t even go there. Had a crazy rally afterwards.

When there is a recession, everybody knows that most companies will survive or get bailed out. And during a recession there is QE and stimulus. With that there is inflation and you need to put your savings somewhere, so stock market is the perfect place.

He has been investing in Bitcoin for years and has made good money from doing so. Unlike other crypto influencers who bought recently like Saylor and who keep giving crazy predictions that it will go to like $1M in like a year or so.

So I respect him for that. However other influencers like Saylor who are telling people to mortgage their house and buy Bitcoin with it is just crazy. He gave this speech back when Bitcoin was at $60K and now with rising interest rates these people would be in a bad financial situation.

Generally when it starts to artifact like that it means it’s damaged. Sometimes it can be due to heat. Usually if the memory chips are very hot it might artifact in certain games. However if it’s always on your display then it’s probably permanently damaged.

Since you are mining with them, just use it without a monitor and generally it will be fine for mining just not gaming. I had tons of GPUs in the past which couldn’t give a proper display but they mined fine since no monitor needed to be plugged in.

Or if you got warranty just RMA it. Because it won’t fix itself.

Because Ethereum has gotten just way too complex and there are bugs everywhere pretty much. Not surprised they run into issues with that. Look at all these smart contracts that keep getting hacked and drained every few weeks pretty much.

It’s because they are very complex, have tons of bugs and most are undiscovered yet and basically it’s risky keeping large amounts of your money in them. There is a dev call I think in a couple of days and they will provide more info about the merge launch date and such.

The issue with this along with Germany’s shortage of natural gas is something that should of had a plan about 10 years ago. Right now they are funding all this semi conductor stuff however it’s going to take years for it to actually put out a single chip. It can’t happen over right. Same with Germany’s issue with natural gas and how it has to rely on Russia.

They should of had an actual in plan from 10 years ago thinking Putin might cut their supply and done something about it. Same with USA reliance’s on Chinas goods. It’s about time they start making products on shore instead of taking advantage of cheap Labour overseas.

Back in November people were expecting $100K Bitcoin and $250K by year end based on that model. So they didn’t sell because they believed it would come true and the peak happened at $69K. All the smart money sold while all the new adopters were holding for year end.

This is why you can’t trust the s2f model completely. It worked in the past but it doesn’t accurately predict future prices. If it was true Bitcoin would go to infinity pretty much and that obviously won’t happen. There needs to be a top somewhere.

Yes it’s not looking too bullish anymore. That $44K area was important because it was the pivot bitcoin needed to break after it made its failed low on the daily chart. However it looked like a head flake.

This is bad considering that Luna bought over a billion and Saylor bought more but price still is going down. It means that the markets are very nervous right now.

Tomorrow is going to be another high CPI print. So seems like it was good for Bitcoin in the past but now it’s bearish because rates might go up faster. So who knows where it’ll go in the mid terms.

Recessions are not good for anyone. The poor and middle class will suffer the most and the rich will suffer because their businesses will make less money and they will make less money as a result.

The rich are obviously safer because they got more savings rather than some middle class person working pay check to pay check who loses their job. However we all suffer as a result.

However right now with the way how inflation is going crazy there isn’t much that central banks can do. They need to raise interest rates to control inflation. If they don’t it’ll get much worse in the near term.

The reason why rather was created years ago is because fiat on ramps are difficult and it was to make it easier to send and receive USD with crypto exchanges.

Right now most exchanges have many coins and tokens but in the past usually the larger exchanges only had some mid cap coins and large cap coins. If you wanted to trade small cap or more mid cap coins you were out of luck.

So by using tether you can just deposit to a exchange like binanace which has many alts and trade it there instead of having to deal with US wire by banks.

I don’t think gold is a good long term investment. Especially at $2000. Even if you bought it years ago at $1200 you would barely make anything.

From what I read the gold price is highly manipulated and there is more gold traded in the future markets than actually exists so basically there are entities which keep the price at a certain level. Same with silver but to a small degree.

Out of the three crypto obviously seems like the smarter play.

Look anything is possible. Back in 2015 I met some local Bitcoin guy and at the time price was like $200 or $300 or so. I asked what he will do when Bitcoin hits $1000 again, will he sell everything or sell earlier.

He basically told me that Bitcoin is not only going to go to $1000 it will go to $10000. I told the guy there is no way it will go to $10000.

So having all these price predictions today is no different. It’s possible it can reach 6 figures and stay there however we won’t know until the time comes.

Remember when people in 2018-2019 wanted to sell at $20K and right now everybody wants to buy at $20K because it seems cheap.

This is how it is with most financial articles. When something goes up a little there are tons of articles saying it will keep going up. While something that goes down a little there are tons of articles that say it will keep dropping a lot.

However these are all guesses and sometimes they are right and sometimes not. There is always some disclaimer saying it’s for entertainment purposes only and not investment advice. Only reason they make these articles is mostly click bait because that’s how they made their money with advertisements.

There is a lot of insider trading going on and the SEC never does anything. Look at Pelosci and her trading record. Basically has insider knowledge, always buys the right calls right before any major announcement and is a multi millionaire.

Before Elon Musk bought Twitter there was some unusual call option trades a few days before. Then when it was announced they went up like 1000%. And the SEC does nothing because they will just say they had a hunch and bought it for no other reason. How can you prove otherwise you can’t unless they admit to the insider trading which they won’t.

I’ve traded almost every market except maybe Soy beans, pork, bonds, yields, etc and what I’ve learnt is that almost every market is manipulated. Whether it’s big or small. It doesn’t matter.

And the degree of difficulty to trade it is also the same whether you are trading crypto, stocks or bonds. There is no market that’s easier to trade than another. Stocks are perhaps good if you hold them long term like a retirement account however most people trade them short term and lose money.