From what I can tell the app wasn’t #20 last week, it was just that number in the Finance section. The overall free app section it was 300 something.

Now however you would think it would be 100 or 200 but it actually fell back to #400. So according to this we are very far away from using this app as a top indicator. However things can quickly change if and when the ETF is approved and Bitcoin price goes vertical.

I actually looked into this a few years ago and I also had the same issue. The block explorer didn’t show the price when it took place.

I basically had to manually convert the price, it was a lot of work. Don’t know why they don’t do it. Most likely because people want to know the current rate instead of the historical.

This won’t apply to ICOs. It’s way too risky to ever allow those. Back in 2017 so many of those projects were complete scams, especially those which appeared in early 2018.

From what I understand this is only for the etf issuers pretty much. They will advertise why you should buy their etf instead of an competitors etf due to fees and ease of use, etc.

So it only applies to institutions and the like. Very strange that they didn’t wait for an approval first before making this change.

I think most people just started to use a different alt when it comes to micro transactions and still only use bitcoin for large transactions.

I started to use ETH for that but when the fees went up during 2021, I just used many of the L2 like Arbitrium. Transactions are quick and fees are very cheap. On polygon you won’t believe that the fee is less than a penny, I think 1/3 of a penny for an ETH transfer. And it’s extremely fast.

In current market conditions it’s not good to DCA. Since he invests $100 a week, it’s for about 2 years. If he had $20000 to invest or just DCA $50 then it would be wiser to choose him however if you DCA after the bull market started, pretty soon it will peak and you will be buying dips that keep on dipping.

Honestly I think the best would be the 50% bitcoin and rest in altcoins, since there will be one which will be a great winner and boost their portfolio. However the alts they would need to sell when the market looks toppy because it would lose more value in a bear market than holding only bitcoins.

I think over 10 years ago I did the P2P and didn't have issues. I think both the buyer and seller were cautious of one another. However I would never do P2P again and would much rather just KYC because its just too much work.

You need to pick a time, a place and you can't deal with large amounts the first time. Not a good way to buy/sell tons of money. Hence when exchanges started to come out I just used them and got the money sent into my bank account. Much safer and quicker.

Honestly in my area, even when crypto was near the peak in the previous cycles, nobody paid by or accepted crypto. Most people just keep it for speculation it seems.

Nothing wrong with side gigs but if they pay you with those apps, you will need to just convert it to bitcoin from fiat. Don't expect to find people who will give you work and pay you in Bitcoins, very rare for that to happen.

Only places that pay for work in bitcoin are crypto companies like exchanges. If you want to work from home you can find some gigs that way. However in my research they pay very little. Almost less than min wage if you are in USA>

I think what scared him off was when some bitcoin developer was being interviewed by the CIA, I forget who that was. Also the SilkRoad (or Wikileaks) was starting to gain traction and he knew that the longer he stayed then he might eventually be Doxxed. I think he left at the perfect time.

Eventually someone would of discovered him and would of put bitcoins future in jeopardy knowing that they might steal his bitcoin keys and dump all the bitcoins all at once and cause it to crash. His departing this way is what makes Bitcoin so special and mysterious.

The chart you posted is delayed by almost 4 quarters. The latest is 23Q1 which is pretty much a year ago. From what I understand the rank went up from I think around #300 to #30 or so for Coinbase in the last couple of weeks, so there is obviously some type of effect.

Go to the Coinbase reddit and you can see almost everyday there are almost 100 new topics created. Currently about 500 people are browsing that reddit alone. Seems that they will need to hire more personnel to handle all this retail load. Sure there is also Robinhood but that also existed in 2021 and Coinbase still was #1 app.

With these meme coins you really need to becareful. They go up exponentially but they can also go down 90% very quickly in no time at all.

I remember SHIB, people assumed it topped but it kept going and going and going and basically people made a killing. However there were many other projects which people bought the dip and it basically went 99% you never know.

So keep that in mind with these meme coins, they aren’t blue chip stock investments like Tesla or Apple. They are
Extremely risky.

This is more or less the reasons for that guy who made the $1M get back in April or sometime after the bank fiasco because the US government has way too much debt. They are going to be selling billions in bonds this week, I think hundreds of billions and we will see what the demand is like. Last month the 30 year bond auction was awful.

So if there are less buyers, the rates will be higher and inflation will be higher and assets like bitcoin or real estate will go up. They also will need to keep printing more and more money if there is a recession due to the fact they need to stimulate the economy, basically QE like in 2008 and in 2020. Hence why Bitcoin and stocks can hit ATHs.

Back in those days I think you could sell and buy bitcoins but as soon as the popularity gained they no longer allowed it. Don’t know if it was because you needed a money transmitter license or due to the fact that they were extremely easy to reverse.

I remember what people did instead years later was basically buy some mining rig time slots and you would basically rent someone’s GPUs, they would mine for like an hour or 24 hours and you paid them by PayPal and they just mined into any address you wanted.

I think that was like 10 years ago, time sure flies.

So one reliable indicator is when the Coinbase app is #1 downloaded app on the App Store.

It has very reliability predicted pretty much the 2 tops in 2021 and the top in 2017.

So on Dec 8th 2017, Coinbase app was #1 on the App Store, about a week before bitcoin topped.
In early May 2021, it topped #1 and Bitcoin already topped $65K about 2 weeks prior.

Then in late October 2021, it became #1 and basically 2 weeks later Bitcoin topped.

It follows the consensus that when too many retail pile into Bitcoin, it means the smart money is getting out.

Currently Coinbase is ranked as 20 in the Finance category but it’s gaining rank, very rapidly. Something to watch out for.

How did that exchange close? I remember there was a very early bitcoin exchange, forgot the name, it got somewhat popular and had a decent amount of members. Then…

The webmasters hard drive crashed and they lost everyone’s bitcoins. Eventually I remember that I think MtGox bought them out and maybe gave them their bitcoins back. It was so long ago I can’t remember it properly, maybe someone else can however.

I am pretty sure you can get away with running over 20 rigs on a 2-5 Mbps connection. All the rig is doing is submitting shares which is basically a small hash only a few bytes in length, and every few second the pool sends you new work. Whether your rig has 1 GPU or 5 GPU, the bandwidth won't change because the pool will send you the proper difficulty of work so you are not overworking the pool by submitting too many or too little shares.

The issue is for the connection to be stable, you need a decent ping and you can't have a connection that is unstable such as a cell data signal. With those your rigs will keep hashing old work and when you submit the share it will be rejected because it was labelled as stale.

The only way I can understand what happened was that he submitted the order, there was some delay, he closed the app, and when it was 4x higher, he opened the app and his phone sent the market order in then. Its a strange bug but I don't see a small order of his being able to get such a poor liquidity fill.

I think there is a glitch in the app and maybe contact Bybit and they might help you out. Try and wait until the market order fills first before you exit the app, and always use limit orders. Even if its above the market price, it will save you from these crazy times like today.

Every Perp exchange has Futures instead of Perps, usually there is 4 futures per year, every season. These don't have any funding fees.

However, they have a premium or discount. So if you buy a March 2024 future today, you will pay a 3-4% premium if you hold till expiry. So its similar to funding rate. However if you plan on keeping the trade short then the premium will still hold, unless there is a massive shift in market trend.

Since you want leverage, there is no other way. Because unless you are buying spot, you will pay either interest on margin, or funding fees for perps, or pay a premium to buy the futures. No other way around these fees.

Sadly Bitcoin and Ethereum are horrible when it comes to making small purchases during bull markets. I think ETH is not as bad and you can get away with $1-2 transactions but lately BTC due it Ordinals clogging the chain are resulting in fees closer to $10 for a single transaction, that is with a 100 sat/byte. So paying less than $0.20 is just not possible.

Maybe wait until Christmas day when we have no activity and maybe the fee will be cheaper then but who knows. There might be a Santa rally and the fees might still be high. Just need to bite the bullet and the first time accept that you fee will be high. Use lightning or some other Layer 2 chain such as Arbitrium which is very low in fees.

Bitcoin is definately considered a risk asset but so are stocks like Facebook and Netflix. You think Facebook wasn't a risky investment? Look at what happened in 2022, it basically topped at $400 almost and bottomed out under $100. There was tons and tons of people who lost money.

If you want risk free assets then you are limited to bonds pretty much, especially United States Government bonds. The USA Government will never default they will just print more money so you are safe there. Even real estate these days has its risks. So you need to understand that investing in Bitcoin is risky and only invest money you feel comfortable losing.

For his crypto holdings he would need to show his family how to access the funds. Show how to use a hardware wallet or the password/seed to their cold storage setup. Without this the funds are lost. If they keep it on an exchange then there is a possibility of recovery eventually but would be alot of work.

For his bitcointalk account, it would be best if it was just not active. A family member wont have the same knowledge as someone who has been a veteran in crypto for years. Its also not good if the account is sold because that usually results in scams.