The way I see it is you need to look at all the global markets. Right now price of oil is heading higher due to the Russian conflicts. Higher prices of oil, inflation will be higher. To curb inflation the rate will raise rates more than estimated. If that happens then stock markets which are already very volatile and week will tumble even further.

Where Bitcoin comes in is that it’s basically in the middle of all this. When people are panicking the panic will go to the stock market also. So it will sell off. Unless there is some stability into the stock market then I don’t see $100K anytime soon.

Stocks need to at least range or go up slightly for there to be a new ATH for Bitcoin. Right now i think that is months and months away.

If you guys have been following the stock market, you can see that large cap stocks like Netflix, PayPal, Snapchat, Facebook, Amazon are all trading like alt coins pretty much. Never did I think a near 1 Trillion market cap stock could drop almost 30% in a day.

Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.

I’m not even going to bother watching the video because most likely it’s a scam to download the malware. The user made a fake video to get naive people to download some software most likely. The software will try and steal any actual crypto kept on a online computer.

The give a way is usually blocked comments and usually posts something such as above where doing some “software” trick will lead to a faster hashing speed which is simply not possible.

I think a lot of the anti-work has a certain point. However to not actually work at all is not wise because unless you live with your parents you need an income to survive.

The purpose of it is to realize you are being under paid and mistreated and to quit and find a job where your employer will respect you. It will eventually work if enough people do it. There have been report of certain Mcdonalds location who had to up their pay or else the location would have to close.

Big companies like McDonald’s can afford to pay a fair living wage and not make a burger cost $10. But that’s not their main goal, their main goal is for the corporation to make the most net profit and keep shareholders happy.

Today on CNBC there was a bit about Bitcoin. It was mostly bearish, they posted a chart with the trend line resistance we are all talking about and they are predicting a drop to $20K maybe even as low as $10K.

Now whenever anyone like CNBC, makes these predictions usually the complete opposite happens. You guys know that Jim Cramer guy, most of his predictions are bad. He said to buy Netflix before earnings and tanked 25%, and I think he also told people to buy Facebook and it also tanked. There are too many bearish people right now so there is a good chance it won’t go lower than $33K.

Before voting I had a feeling most would be bearish. And when people are bearish and the chart looks very bad, usually the opposite will happen.

I really want to open a short here however with the massive bearish sentiment, negative funding rate, calls on CNBC for $10K Bitcoin, I am pretty sure $33K was the low and it’ll go up from here.

No don’t use any of those brokers. You will never see your money ever again. They are known as bucket shop brokers and they don’t trade on the open markets. When you open a trade you are trading against them, and only way you make money is if they lose money. And they will use every excuse in their terms not to pay out.

Use a real broker like Binance or FTX. You are trading against other traders there and the exchange doesn’t care if you win or lose. They only get paid with their commissions.

Nobody said that mining is risk free. There are some risks. If you can sell for almost what you paid then just get out or sell at a small loss.

If the market drops further there will be other miners selling their GPUs and increasing supply and the price will decrease across the board.

Also like others said, if you got cheap power then you can remain profitable longer than most and you should just stay in however if you are getting worried then get out soon.

Those USB miners sticks were typically developed so people can get an intro to mining without having to spend tons of money. They were never designed to be used as money making miners.

Usually people bought them as a hobby and were just messing around with them. They are only available for Sha256 and Scrypt Algos and nothing for ETH.

Since ETH requires a DAG I don’t see a usb stick miner being possible.

My advice to you is to go to etherscan and observe the fees there and only do transactions when fees are low. Lately the fees have been reasonable. It was possible earlier this week to send an ETH transaction for $3 and a ERC20 transfer for $10.

The best time typically is during the weekend, usually on Saturdays or early Sunday’s. There is usually low liquidity those days so many Defi are not traded and hence the lower prices.

There are many metrics and indicators such as that. However you need to realize that they can all be too early and you might buy now but it can still go lower.

One popular one is that greed and fear index, usually it predicts bottoms very well but almost each time the indicator goes off when it’s way too early, leading people to get bull trapped.

The reason why I don’t see $30K holding but something such as $25K holding is due to the liquidity theory. Right now everybody that got scared already sold, so there is less to buy for the whales.

If they bring price down to $30K, they know that everyone wants to buy at $30K. There will be a lot of retail buying at that price. And if the whales can break the $30K, then everyone that bought at $30K and those who bought higher will most likely sell out of fear. Creating sell liquidity which will be absorbed by the whales.

I used Gemini in the past and I never had any issues ever. They are very tight on security and we’re one of the early exchanges to offer address whitelisting. They also didn’t let you open an account until you added 2fa.

Keep in mind it’s a KYC only exchange. You need to KYC. Using a VPN is not a good idea, most likely will lead you to being blocked if you sign in from a different location than you opened your account in.

They also have free withdraws. Even during those periods of high fees the withdraws were free.

Right now is a good idea of how it’s not smart to blindly enter on any of these correlation moves. If you look right now, nasdaq is up 0.50% and Bitcoin is down 2.5%.

If you were to follow nasdaq moves you would of been sitting at a big loss. I tried trading this way in the past but there was no guarantee that the correlation was going to be followed. There is no law saying it needs to be kept at a complete exact peg. Hence don’t follow this method.

Yes the cables that they supply with these risers are horrible quality. They got bad shielding and if you got tons of rigs can cause interference. One reason why WiFi always gives trouble.

If you have them long enough in a hot area, and you try to bend the cable you will see it will start to crumble a little.

And they also got bad pins inside the actual connector. If you plug it in more than once, sometimes the second time the pin doesn’t contact the other pin on the riser side.

I don’t think AMD or Nvidia is inflating the price of Ethereum to get more GPU sales. I heard this theory before and I just don’t think it’s true.

It would cost more to keep ETH at extremely high prices for a long enough period to get more individuals to buy their GPUs. Also keep in mind when you pay $1000 for a GPU, they don’t get that $1000. They usually just sell the chip to some aftermarket manufacture like Sapphire which puts it into a PCB board.

Much of apples revenue is from iPhones and you need to understand that for many the cost is subsidized with a payment plan from the carrier. Most people don’t have $1000 layout around to get a New phone every 2 years. So generally the way it works is like this.

You got a 2 year old iPhone… trade it in and get some credit for a new phone.
Your carrier pays for the phone and you just pay your monthly cell phone bills ($50-100)
2 years later… rinse and repeat.

So it’s not only rich people buying these phones.

Nobody knows what the best price to buy Bitcoin is. Because no one knows what will happen in the next few weeks or months. Like the above posters have said, if you want to invest, then average in over time.

This way you have a decent average if it tanks lower or if it rips up. If you buy everything at once now and it goes to like $25K and you can’t buy anymore you will have a very high average price. So dollar cost average every few weeks. Same with taking profits.

Yes but the issue with these rate hikes is that we don’t know if they were priced in or not. Everybody knew it was going to be a reality when the Bank of England did it a few months ago.

Right now people are using the rate hike as a justification about why there is selling. However we knew this months in advance. So when it actually hikes? People except everything to go lower or will it already be priced in.

The only time when a rate hike would cause a massive sudden market move is if it was unexpected and happened suddenly. However this won’t be the case.

There are too many technical traders out there. Remember when a bunch of people got extremely bearish when we touched $20K about a year ago, they were all predicting a double top.

Now many are treating this $30K area like $6K. And think it will hold. I don’t think that will be the case. It would be too obvious. We might get a few higher lows but eventually I see the $30k breaking.

If $25K isn’t the low the obviously the 200WMA is the last area of support that I see before we head down to like $15K or something.