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.

Brian Armstrong CEO of Coinbase says

"We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate."


This reminds me of 2017, 2021 when exchanges were crashes due to too much demand. Also prices were all over the place. Some exchanges hit $64K, while others couldn't do the the sheer demand.

FUN TIMES AHEAD!

You can’t do arbitrage yourself these days. Only way to do it is with a bot. You can’t compete with the speed and accuracy as a bot which is always live.

Those days where you buy on one exchange and send to another to sell are long gone. They worked for SBF because he did it long ago.

There are sometimes Kimchi premiums but the issue is that you can sell on the Korean exchange but you cannot get the funds out of the country due to capital controls, hence the premium.

Wow you really were an early adopter. I assumed you had like 50BTC and you spent most of it and left the 0.7BTC because it was spare change and not worth sweeping. I did that in the past with 0.01BTC or so fractions.

Regarding the recovery. I don’t think you can recover it since it was wiped. If this was a regular hard drive then you could recover because the files are still there just the files are hidden. With the space of a phone it’s completely different.

Like someone mentioned before, see if you can get a recovery expert and maybe they can help you out.

Yeah but I am pretty sure the retail market is not leading this rally. It’s most likely the etf inflows and MSTR buying.

If you look at google trend, Reddit Cc visits, coinbase app rank, we are nowhere near levels as in the prior bull markets. Hence why we can keep rallying like this for the entire year.

I would hold at least till the halving and see how we are then. Most likely since there is less and less supply we should have a very bullish environment.