I don’t know what the min is right now but I remember back in 2017 you didn’t need millions of bitcoins to use OTC. Many exchanges have this feature and it’s just a way to transfer an above average amount of crypto without it showing up on the order books.

There are some benefits to this compared to selling regularly on the open crypto market. For example say you got $500M worth of bitcoin to sell, if you show this ask on the order books you will spook the market and many will front run your order, if you do it OTC nobody will know besides the exchange and perhaps the other side of the transaction.

Yes I think many are buying the ATH break. The sentiment is so bullish that we are getting predictions for $100K around the halving and some others are predicting $200K to $1M.

Also we never had a double top, we had a cup and handle in this area but we always broke it. So many are thinking it’s a safe buy here at $67K while selling for $100K at least.

At least that is what the majority are thinking.

Retail might not be in but wherever I go I am not getting calls for $100K, i am getting calls for $200K or $1M or something crazy and we didn’t even make the ATH yet.

Seems people are aping into crypto like crazy at the moment. Look at all the useless meme tokens are pumping. We got wif, shib, Pepe and of course Doge. Also some old coins like bitcoin cash, bitcoin sv, and Litecoin are pumping.

Not saying we are near the top but it sure feels like one.

Some exchanges basically leave sometimes the customers deposit at the deposit address for long periods of time before sweeping it. They do this due to fees pretty much. Sometimes if fees are low they can sweep their customer deposit BTC at once.

But this doesn’t happen daily or weekly, unless it’s perhaps a large transfer. So they might seem like a exchange withdraw but it might be leading to an exchange deposit, only this data lags because the BTC aren’t swept immediately.

This has been dragging on for years and will keep dragging on for many more years. Remember the XRP lawsuit which started a few years back and it led to xrp getting delisted on many exchanges?

If this passes then what the coinbase pairs be? I can see Bitcoin, Litecoin, Bitcoin Cash and maybe Dogecoin. Any other token out there which had some type of IPO at one point is considered a security. They needed to make the laws regarding this more clear about 5 years ago.

Bitcoin also broke the ATH in Canada however most sources dont confirm this and I don’t know why. The previous high was broken by a few hundreds and it indeed did hit a new high on that day we touched $64K.

There is some error in saying that bitcoins high was $92000 which is not true and didn’t happen. The high was $85300 and we hit $86885.

Funny thing is that our currency seems pretty much unchanged mostly for the past few years. Seems odd that we hit a new ATH in Canada.

I am pretty sure most of those coins are lost. If you search the block explorer for that day and you find an address which sent 25 BTC to the 4 participants you will see that they were never spent.

They probably just delete the email or threw away that piece of paper with the private key and it’s gone forever. Bitcoin was like less than $1 back then and not worth it setting up a wallet, finding an exchange to sell just to get $20.

I have answered this question probably 100 times.

There are no profitable trading groups out there. Nobody who is an expert and can make $1M per week on their own, will waste their time creating some signal service to make an extra $100 a month. Think about it.

These groups are all scams. They get a few trades right at the beginning, sell a membership and eventually they will go bust along with their users. And they will keep your monthly subscription. My advice is to learn how to trade on your own. Anyway to make it in this world.

Right now for a new trader, its crazy to trade futures. Even if its low leverage. Reason being is that the funding rate is crazy high.

At the moment its almost 100% APR for annual. But everyday its 0.25%. So if someone goes 10x long and holds the position for 4 days. They are pretty much out 10% of their maintaince margin. Because its 1% for 4 days in funding and at 10x leverage its 10 times as high. Its a receipt for disaster. Not recommended at all. Stay with spot.

This is why I am not going to be surprised if we get some liquidation event soon because there is too much leverage in the crypto markets.

As far as I know the new Bitcoin ETFs which were launched in January haven't enabled option trading. The only way on the NYSE is to trade the BITO options. BITO is that ETF that launched in 2021 and it follows the BTC Futures on CME instead of the actual spot market.

Keep in mind its not a good idea to trade options on a product which follows the futures. The futures have a premium or discount and when you buy a call or put, you are paying another premium on top of that. So unless there is a huge move, you willl end up with an option that expires useless.

My advice if you don’t have alot of capital is instead of leverage trading to just do some airdrop farming instead. If you search around you can find many potential airdrops like Zksync or Layerzero.

You just use their network and can get a small reward if they release an airdrop for their governance token. Look at ARB or BLUR or DYDX in the past. The airdrops were huge and required minimal effort. This is much easier than leverage trading and blowing up your account.

I don’t think there is 4-6 million lost. Many of the coins from 2010 can still be moved. Just today some dormant miner ended up moving 2000BTC from 2010 to a new wallet. They are 13 years old and just moved today. This is proof that these addresses while dormant can still be moved.

Those from 2009 most likely won’t be moved however. Especially since many are satoshis and those other blocks in the early all had the bitcoins already spent.

Don’t use the no priority price. Those are so low that it might take forever to confirm. Just look at a few previous blocks and a few blocks coming up and use that fee in there. Maybe at 1-2 sat/vbyte to come up first in line.

Sure this can change and might take longer to confirm but it’s pretty accurate. Just remember to enable RPF and you can always increase the fee. Also keep in mind the 10 mins is an average time for blocks, it can be as low as a few seconds or as high as an hour.

Yes price recovered each time but in hindsight you would of never known that. I was around since the 2013 top and the bear markets were all brutal.

In 2015 the market was going nowhere. Price barely moved on the chart. It was stuck at $200 a coin. People gave up over boredom most likely.

2018 was brutal when we broke the $6k and lost half of that value all the way down to $3000. Many were on leverage and got liquidated quick.

2020 was the Covid crash, we assumed the world would end and dumped bitcoins at $3K.

Then 2022 was the Ftx scam and how we were about to break $15K or so.

These were all stressful events and many just sold and got out of crypto. If you held on, then congrats.

The App Store ranking for coinbase also jumped into the 130 top spot and a few days back it was 300-400 or so. So there is some retail interest right now.

Won’t be as high as before since many can just buy it with the etfs instead of messing around with having to KYC a new account and wait a few days.

But we hit $64K and were like $5000 from ATH. We already hit ATH in Canada yesterday and many people are calling for $100K soon.

Which type of Samsung phone is this exactly?

Because I know when it comes to iPhones, somewhere around the iPhone 4S-5 era it was impossible to recover anything because of the way the data was stored on the device. It was basically encrypted and if you wiped it the key was destroyed and backup was not possible. It’s been years since I looked into this but this I am sure of. It’s because I wanted to sell an old iPhone and wanted to make sure my data was completely safe from the new user.

Find this out first before you spend money on a data recovery service.

They apparently upgraded their systems and can withstand 10x the amount of traffic. What I don’t understand is that why didn’t they prepare for this in the past? This happened so many times during crazy bullish or bear market moves and they knew it would happen again.

CEO said it’s a waste of money to have 10x more capacity when most of the time 1x is sufficient. I understand but at least have some workers who can monitor conditions and when they see it might be a crazy day then increase the capacity.

Imagine how much business they lost due to this.

With a 3x leverage your risk of liquidation is low, like someone mentioned above, you would be liquidated somewhere around $40K which is far away.

Your issue will be however the funding rate. Currently it’s expensive to long bitcoin on futures or perps. You are going to lose a lot of money paying the funding alone with the 3x leverage. And if the bull market continues then the fees might get worse and worse.

My advice is just buy it on spot and sleep well at night .

Yeah after todays price I was starting to get bubble and top vibes. We broke $57K all the way to $64K within 24 hours. It’s great and all but from my experience in the past, it usually leads to a top or a larger correction.

The etf flows came out and we got like $600M so I don’t think we topped yet but once the flows start to top out then we might be entering a cycle high territory. Hard to tell when. Because if tomorrow is like today then we might hit a new ATH soon.

Here is the issue with your strategy. Say bitcoin does go to $100K CAD and then $110K and then $125K and then it tops and starts to enter bear market cycle.

You will only sell maybe 4-5 branches of 0.01BTC but if we end up topping and entering the bear market then you will be selling at a lower and lower price every week. Just look at the previous cycles.

My advice. Pick a price and just stick with it. If it hits $125K CAD and you are satisfied then just take profit there and be happy.

Trust me I’m in my 3rd bitcoin cycle.