I came across this youtube post by CryptoRUs > https://youtu.be/FpvbJ_Tokes


It is revealed that the F2pool mining sold off 14,000BTC per daym right after the
Elon Musk Twitter event. This is totally irregular compared with their regular
Bitcoin outflows.

The host George makes a very interesting theory as to why there was a massive
sell off on the days following the EM musk tweet and the consequences that tweet
had on Bitcoin Futures.

His main theory after a lot of research is that F2Pool mining possibly had Bitcoin
shorted and was able to counteract the price rise after the Tweet by selling off
such a massive amount to drive the price down triggering their short sells and then
be in a position to buy back what they sold.

I snatched this chart from cointelegraph, it shows as per the video the increased
miners outflow just as Bitcoin crossed $38,000



We have all been asked or have asked at some point "why is the price going down?"
against the logical trend, well this is a very plausable reason.

Very interesting Vid, 27minutes long.

 

Bubbles are created all the time in markets. It is a reaction to an event,
the event could be as simple as changing your profile on a Twitter account
[Elon Musk] without actually saying anything specific.

The latest Bubble was created from ~$32,000 up to ~$38,000. . . and
corrected back to currently ~$34,000.

The example above shows that there was a benefit to Bitcoin's price from
what Musk did, it doesnt always work that way though but in the current
Bull market climate many bubbles will be created and corrected but
over time the "Bubble" is inflating

It was always an uphill battle for American Magic to recover
from that accident, I dont know but surely there was compromises
made in the repair to get them back on the water in time
for the semi's?

Anyway Luna Rossa did well and without any obvious mistakes,
a real strong performance, they will need to carry that into the
final against Ineos.

Whats happening with Race 7 scheduled for tomorrow?

Of course, nobody wants to pay big fees for depositing or withdrawing
and for this Litecoin is very attractive with its low transaction fees at LTC0.001/kb
and of course Litecoin in not considered [mostly] as a shi+coin

you are right Hodling and patience are important factors to realise early with Bitcoin.

So many newbies buy and sell at the least inopportune times.

Re: sourcing your information, its important to cross check what you read especially
when its from social media. It can be difficult because there is a lot of information out
there coming from Bitcoin lovers and haters.

Wouldnt it be a novel idea for the last person to leave the seat in the opposite
position to what they used themselves?

Think of the next person [ wife or husband ] to use it, wife leaves it up, husband
leaves it down, shared responsibility.

I dont know much about stocks, bonds, shares and trading but the way I see it,
"They" dont like Bitcoin and never have because it represents change,
they dont want change because the alternative brings Transparency.

With blockchain they wont be able to swindle and deal in shady finances. The last taste
we had was in 2007/2008 and Wallstreetbets have highlighted something else which
has been played out under everyones noses.

Yea he isnt happy with the Cypherpunk era, they had similar projects:

1997 – HASHCASH was created by Adam Back and is formally referred to as “"Hashcash - A Denial of Service Counter-Measure"
1998 – BITGOLD was created by Nick Szabo. This was a decentralised digital currency which was never launched.
1998 – B MONEY essay was created by Wei Dai and referenced a type of “proof of work” system to create an anonymous and distributed digital currency.

Like E-Gold none of them made it but without them Bitcoin may not exist.

There will be few wallets offering non KYC, I think to be viable and to trade
there are KYC regulations which companies are obliged to follow.

There is aTRADING section of the forum which might be of interest.

It might take a bit of patience to find a TRUSTED reputable seller, also it would be
advisable to use a trusted ESCROW provider.

Thanks for the list!

It was only today I was checking out Nexo for their earning facility and I learned they
had a Mastercard backed Crypto card.

I think it will be difficult to get an "anonymous" crypto card, there is a big emphasis on
traceability especially when Visa and Mastercard are involved, although we can
all appreciate the benefits of not parting with our personal information.

https://www.cryptovantage.com/best-crypto-credit-cards/nexo-io-mastercard-review/

"No, the Nexo.io Mastercard is not anonymous. Users of the Nexo platform must go through a full identity verification process before they’re able to access the services made available by the company."

Its not written anywhere that everyone should own 1 Bitcoin, its impossible anyway
with its limited supply. Its also worth considering when Bitcoin was valued at $5000/$8000
the people who thought they could reach their 1BTC target saw it shoot off into
the distance, at $34,000 its suddenly completely out of reach for them.

They should realise of course that it is only their target, it will have to be readjusted.

1,000,000 Satoshi's
10,000,000 Satoshi's

Good point! we assume and hope the likes of Ledger who are in the business of SECURITY
would have proper measures in place to secure personal data



Absolutely, but im sure there are plenty of people buying a wallet and adding on the
Cryptosteel to the basket without doing a search, assuming this is the "official" site to buy from.

Yes its sad to see he couldnt get a solution to a quarantine from his positive COVID-19 test.

This is more of the consequences this pandemic is creating.

Maybe we will see Andy back playing Doubles at AO next year? After all he did win Queens
in 2019 with Feliciano Lopez, there are still opportunities surely?

Just reading an article from Friday about Blockfi applying to the SEC for A Bitcoin Fund
to compete with Grayscale etc.


From the article they also mention OSPREY and VALKYRIE who have recently entered the game.

These could be something for your list?
The space is opening up because of the demand from Institutional Investors who dont want
to have to take "ownership" of their Bitcoin, just like if they buy Gold or Oil, they dont expect to
have it physically in their possesion.

Sorry to chime in on this, but the "dust attack" is interesting. I read about it on medium and
I'm still learning about this.

I mportant factor which we should always consider for privacy is to use a new address
for new transactions, would this help prevent identification from an attack?

That could be a bit of a bother, not being able to open the warped case,
cutting just above the threads would sort it. Fairly durable little product all the same.

I didnt realise that there were so many commercially available solutions for storing private keys.

€74 is definitely better than the €99 from the Ledger store.

I use a very DIY cost effective solution myself although its not really portable.
SS plate 4mm thick with the works punched into the surface then screwed
to a roof joist facing in.

Union!

Edit - just checking what the bookies are offering.

PRO14 still happening here, shaping up for a Leinster V Munster Final

and 6 Nations kicking off next week with England on very short odds to win,
France close behind......so far.

Theory:
Last trading day of the month
Bitcoin was after dropping ~20%
Seemingly a lot of CME short sellers
Elon Musk doesnt actually say he bought BTC but does enough to erase short sellers by
adding #Bitcoin to his twitter and adds 4 words

Elon Musk is no stranger to short sellers, they tried to short TESLA to try and damage it.

While browsing the Ledger shop today I cam across what looks like a new product
from them. Not sure how new it is, has anyone using one?


I get the benefits of it being made of Stainless Steel and being water and fire proof
but it looks a bit fiddly but I suppose you would only have to do it once!


Here is a demo from Youtube > https://youtu.be/QikkeO0TfGY

Here are the dimensions, it should be easy to hide, would you carry it around?

Size: 255 x 185 x 25 mm