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.

Yeah when I saw on twitter the $57K price I assumed it was a type because we were at $54K a few minutes prior. I go and check and of course after the close we pump to almost $57.5K.

No idea why we pump at NY close. Something tells me that the etf flows are leaked and if it’s a strong number they want to get in before the NY open because they assume that the market will be bidding for bitcoins at the open, pretty much what happened today.

What started this pump was the MSTR buy of 3000 BTC. Which they bought at like $51.5K. It started a rally and we ended up at $55K as the top for the NY session.

Then when the etf flows came out, we broke almost to $57.5K. Because Fidelity is around $250M and Ark is $130M and GBTC is $20M negative. So most likely IBIT will be closer to $400M and we should have a record day for inflows. Crazy times.

Today was one of the craziest days ever. I see in the morning there was a slight dip to $51K. Then later it breaks $53K and then $54K and touches $55K. And trades there for a bit. Then all of a sudden it breaks $55K and tops out at $57K. I couldn’t believe my eyes.

The flows were strong today. GBTC only had like $20M outflow but the rest are currently at like $300-400M without  the blackrock numbers. So we will most likely see record inflows today.

I never used the bitcoin test net so I had no idea the hashrate was this high. I have however had issues getting testnet tokens for Ethereum. Gorlem or whatever is called was very difficult to get. At first you had a faucet but they got rid of those. Then finally they started a market for testnet token, and I was like “this is crazy”.

But I guess it makes sense since if you want to use many of the Dapps you are better off using fake tokens instead of real ETH. When the popularity of L2 exploded the tokens were more and more difficult to gain. Hence why they started to sell them.

Bitcoin broke $53K, $54K, $55K, $56K and $57K today and the fees are 20 sats/byte. Which is very cheap. Looking at Ethereum the fees are 45 Gwei or so which is about $3 for a simple ETH transfer, so this isn't a concern really.

Most of us pretty much only do large transfers on these networks and use L2 for everything else. I have been doing this since 2017 pretty much and got used to it. Bitcoin network is not designed to be used to buy a cup of coffee and neither is Ethereum. This is where all the L2 networks like Lignting, Liquid, Arbitrium, Polygon, ZkSync, etc come into play.

Those networks are very cheap and transactions are very fast.

Yes people have been expecting a recession after Covid for years and it still hasn’t arrived. Some countries like Japan are in a technical recession but nobody is losing their jobs, just their gdp is flat.

USA is completely different because it has positive growth. And it doesn’t seem like it will stop anytime soon. So yes we might have a recession but it might be like 2 years away.

If the etfs keep their inflows at $500M per week then I can see us breaking $53K and going to the mid to high $50ks.

Basically as long as there are flows to these etfs and they aren’t negative then people won’t sell their bitcoin, because it doesn’t make sense. But once it starts to get stale then it might be the top. Which is what happened in 2021 when the BITO flows started to decline and it marked the top.

Yeah I don’t tell anyone I own crypto for this reason. Stocks sure, you can’t really steal is someone is a millionaire in stocks. It’s all digital and we don’t hold the actual certificates. Crypto is different.

In USA I guess it’s safer because many own crypto here but in many poor countries it’s risky. Especially since crypto always has this bias where if you own crypto, you must be rich. This hasn’t been true for 10 years pretty much but everyone thinks this.

Best way to avoid these attacks is to never mention crypto to anyone. If someone sees you are rich, just say you got lucky with some Tesla or Nvidia stocks.