ETH has been an alternative to BTC for years already it’s nothing new. Years ago people use to keep tether on the Bitcoin blockchain but now it’s almost entirely used on the ETH chain.

They have been in competition for a while with ETH and BTC maxis and critics. However if you are thinking of investing just keep in mind that both market caps are already high and leaves the room for profit very slim. The best time to invest in these were 2-3 years ago during the bear market.

Only way how I see any type of meme coins being successful again is if Elon Musk finally launches the Tesla merch store and he finally accepts Dogecoin as a form of payment.

Dogecoin will rally initially and if the rally doesn’t fade but keeps going up and up and gets crazy 25% days then I see something new rallying also.

However this trend seems to be over. Elon pumps doge and it keeps fading.

There are maybe a dozen or so coins which tried to "Be the next meme dog" coin and many of them turned out to be scams or pump and dumps. I think you are really late this day in age looking for any new dog meme coins.

I think the evidence was when Elon said on his twitter that they will allow Doge payments for Tesla merch and the entire move faded. This is a bad outlook. Means that there are many bag holders which want to get out ASAP and there is a very good chance that it won't go back to the ATH.

So I would stay away from any new meme dog coins or cat coins at the moment.

You really are just better off selling the coins. If you think the market topped and bear market will start, many alts will go 90% loss from ATH. Sure you can short the future contracts however in a bear market the funding will be negative and you will be charged a premium to hold those contracts.

You can try selling the futures however you will need to roll them every 3 months and most likely at a backwardation.

So its possible however if you think the top is near, just sell and go into stablecoins.

I am not going to go to the website because most likely it has malware however one common scam are those videos that you find in youtube which say stuff like "want 10% daily profit by doing crypto arbitrage". Then you look at the video and it makes it seem like its some customer of the website teaching you some secret method on how to make money.

However that video is created by the owner of the website and usually the give away is when the comments are disabled.

Nothing you can do now really. Next time you need to do research first.

If you got the 8GB models then you can still make decent profit with them.

I think the RX series which was introduced in 2016 was the best value for money. You can pretty much sell them for almost the same price you paid as new. If you got the 4GB model then they aren't in as much demand because they can't mine ETH anymore due to the larger dag, there are other coins but the profits are just not the same.

Just make sure your fans have good bearings in them and you can mine away for the new couple of years without issues.

I assumed aunts getting people iPhones or Macbooks was excessive but this aunt gave him $6K worth of GPUs, maybe I am living in the wrong country.

Either way, if your electricity frequently goes down. You need to get a decent surge protector. Most PSUs have one built in, however you should have a dedicated high quality surge protector for all your GPUs because if you get blackouts from time to time, there is a chance you will end up destroying them.

Congrats and enjoy your gifts.

LOL your first paragraph is hilarious. I sense some sarcasm there.

Generally you should only use isolated especially since you are trading many alt pairs. If you are only trading BTC or ETH then generally you can get away with cross.

However you shouldn’t use cross if you got multiple high leverage positions opened on many alts because a simple liquidation cascade can make you lose the entire account.

Yes it’s more of less gambling. If you were ever reading any of the WSB you can clearly see that these people have no idea what they are doing.

They basically YOLO all their money on some options contract that expires in less than a week. And sometimes they get lucky and turn $3K into like $30K and do it over and over until they go bust.

Kind of like crypto traders go 100x leverage trading Bitcoin.

Wonder how the start of next year will go. Most likely till the end of the year will be chop and then in January it’s going to be hard to predict.

Some are assuming a repeat of Jan 2021 where it went up exponentially and topped at $60K and others are expecting people to sell at beginning of Jan for the new tax year.

Then as we get closer to April tax time, it might be a repeat of 2018 where people are selling to pay their capital gain taxes.

Hedging by buying puts is not ideal. Why? Because the puts are very expensive. Buying puts is more as an insurance incase Bitcoin by a certain type can crash and you are protected but if it doesn’t and goes to ATH your put is useless but you made more money by not selling your Bitcoin.

Best would be to use a futures exchange like Bitmex or FTX and just short the March or June 2022 futures, and this way you don’t pay a lending or funding fee and you are shorting with a premium so you get a little more for your BTC than selling today.

Honestly it’s very difficult to code any type of trading bot system that will work long term. You might also code one, and run a backtest and see if it’s profitable but when you trade it live you will find that it doesn’t work.

With crypto this is very common due to slippage and liquidity. A bot can’t account for slippage or liquidity. And a big issue with crypto is that many times during huge market volatility, the exchanges might go offline.

In a backtest you never account for this issues hence the bots are never going to be reliable.

Yeah Roger Ver is some character. From what I remember he said he is selling lots of his BTC for BCH but he never actually provided any proof. The only people that I know that sold a large chunk of their BTC for BCH was the Bitmain company which makes Antminer. They were very pro BCH and held tons of BCH, Didnt sell at the top and then later on we’re holding the bag.

First time I heard of Roger Ver was during the Bitcoin fork back in Aug 2017, prior to that I never heard of him before. He was called the Bitcoin Jesus because he apparently did lots for bitcoins early adoption in 2011-2012 or so but lately he has been acting very immature.

Another good way of finding a reversal in the crypto markets is to look at the funding rates. Basically when there are too many people short on the perp future contracts the funding rate is negative and vice versa if long.

So usually when the market has a bear trend like now and the funding is negative, means many people think crypto will go down and they go short. What usually happens is the reversal takes place.

This doesn’t work as well for bull markets because the funding can stay positive for a long Time before topping. So keep that in mind but works best for bear markets.

Most likely one of the display port or hdmi or dvi or however you plugged it into is just not working. Usually there is more than 1 display output and I had instances where one of the HDMI ports was bad.

It’s very rare to have a GPU with no display at all. Usually one of the ports is bad or if you have a damaged GPU when you get a display it will be all scrambled and have wavy lines.

Just try to plug it into another port and see if it works.

The markets are reacting very crazy to any type of Omnicron news. Basically ever since news broke about it in SA, the markets were very edgy.

Remember when the Moderna CEO said that their vaccine might not work against Omnicron? Markets tanked. Then moderna said their vaccine works again it and their stock pumped at the open.

Markets are very emotional right now. And people are getting chopped to bits especially the option traders and high leverage traders.

Look at some stocks like Tesla or Apple, do their valuations makes sense even? They got crazy high PE ratios and it’s pretty much a repeat of the dot com bubble where stocks like Microsoft crashed and took like 20 years to revisit their old ATH, even though the company was still growing each and every year after the dot com crisis.

Now it’s no different. So just because someone seems so expensive doesn’t mean it won’t stop going up or that it will crash. So with Bitcoin. These markets are very difficult to predict.

It’s impossible to answer this question. Nobody knows if we are in a bear market or still in a bull market. There is lots that is going to happen in Q1. The first is the fed tapering and then it’s increasing rates. Normally when this happens people are expecting assets like stocks to start to decline. And since crypto is correlatated to risk on assets it can also sell off.

However who knows if it will be priced in or not then. We all know around May there will be a rate hike. So most likely the market is prepared however If say there are any surprise hikes like what GBP did last week then a massive sell off can start.

Just pay attention to the maintainance requirement. If you short hedge 1 BTC and you are using a futures exchange that is coin-based like Bitmex. Then if you keep 1BTC on the exchange you will never get liquidated since it’s 1:1 hedge.

So you can keep like 0.5BTC on the exchange and just make sure it’s not close to your liquidation price. This way you are reducing counterparty risk by not holding all your coins on an online exchange.

Usually there is a calculator on most futures platforms where you can calculate your liquidation price. If it’s too complicated then just keep the entire BTC on there.

Crypto events are one thing but since crypto is very correlated with stocks at the moment you should be checking for any important market events which typically are released by the Fed.

Basically go to Forexfactory.com
Click on Calendar
Adjust to your time zone

And pay attention to any RED events with the US currency. Employment numbers don’t have an effect on crypto however FOMC and CPI lately are very closely correlated.