Very surprised that this move happened on a weekend. There is also gold which hit an all time high during the early Asian session. No idea what is going on.

Maybe someone knows something. Last Friday I think someone went $200M long on Bitcoin perps on Bitmex. Maybe there is some leak about the etf. Seems very strange for All this to happen out of nowhere on the weekend.

Because the 68.2 Fibonacci level is always right. Even though in 2021 we broke higher to $69K that area originally had a significant pullback. Also the $48000 area is where that pivot is which was the high on March 2022. Not investment advice but its either a coincidence or this fib level is crazy accurate.

2017


2019


2021


2023-2024

The time to buy these bonds was last month when rates were very high, right now it seems to be crashing down. The bond market is crazy these days.

If you want maybe do some DcA because you never know if rates actually peaked. Inflation can still spike up with the high gdp and low employment numbers. Also keep in mind the crazy amount of debt that the USA has to sell bonds to settle.

Yeah I have seen those videos and it’s crazy how they let it happen. Basically stores are closing left and right due to this. Even today I saw someone post a video of how they wanted to buy dish soap, and it was behind closed glass and you had to buzz a worker to get them to open it for you.

This is not an ideal way to run a business and all it does is increase costs due to higher cost due to more employees needed to open the glass and most likely the costs will lead to inflation.

They really need to start and prosecute these people.

SEC back in 2021 approved a bitcoin etf. It’s just cash settled because it follows the CME Bitcoin futures. It’s ticker is BITO. And I am pretty sure if you want to trade actively there is an leveraged 2x bitcoin etf and also a short bitcoin etf.

I think these are better alternatives to MSTR. Sure it follows bitcoins price pretty close but I think buying the Bito shares is more of a legit way of exposure to bitcoin. Or wait 1 month and just buy the bitcoin etf spot based, which everyone thinks it will get approved.

The closest resistance area from here will be the $40K psychological number. Why? Its just a nice round number. Looking at the chart however it doesn't really have any significance but I expect some resistance just that its a big round number. These sometimes worked as short term resistance but never really as long term. Look at what happened when we broke $20K and $50K.

After that might be the $48K area which is a pivot and also a fib number. And after that we got the bigger $50K round number and above that another $52K pivot. But we are far away from those and don't need to worry about them for the time being.

Without looking at the poll I am guessing that everybody is bullish. We already broke the yearly high today and looks like we might touch $40K sooner than later.

I don’t think we will get any etf approvals in December. It’s also a short month with the holidays, once 24th hits it will be choppy until Jan6th or so. So basically only 3 weeks of trading. Most likely a slow grind up.

If Bitcoin goes to $100,000 the fees will spike but eventually they will settle down. You need to realize that many people keep most of their bitcoins on exchanges and won’t need to send to the exchange to sell. Those that do will just send their entire stack at once and pay a high fee once and that’s it.

Fees are high now not because Bitcoin is going up in price but due to the ordinals which are taking up blockchain space. They are a new trend and seems like it’s a big hit kind of like the Defi and NFT of Ethereum.

Yeah here in Canada we got people extending their amortization by over 30 years. I think the max is maybe 35 hours if you got enough equity.

The issue is that at 7% interest your payments are hardly small and you barely touch the principal. It’s basically a trap and you become more or less a renter to the bank.

Mortgages should be any more than 25 years.

Yeah I remember trying to use it back in 2017 and gave up. You needed to set an alarm and at the beginning of the hour try and get your transaction in, most of the time it timed out or it was already full. Eventually gave up and paid the $50 fee to send a small single input single output transaction.

This is why from now on I always have the RBF enabled , so if after a day or two it still doesn’t fill I can up the fee and resend it. In the past I got burn this way by having transactions stuck for days.

Just came to see that Antpool said that the fee wasn’t spent and it was frozen due to a unusual fee. And all you need to do now is just prove that the address is yours and they will send it back to you, make sure it’s sent to a new address and get a hardware wallet this time.

It’s funny how by using such a huge fee by mistake you were able to recover some of your money, imagine if the hacker used the usual fee. Hope it all works out for you.

You can use electrum but if you want to be super safe you will need to do a cold storage type of setup. Basically take an old laptop you never use , take out the blue tooth and WiFi adapter inside it, install electrum on both your online and offline PC.

What you do is make a wallet on the offline Pc and use it as a watching address on the online PC. When you want to make a transaction, make a transaction on the online Pc and then send it by usb physically to the offline Pc to sign and then back to the online Pc to broadcast.

Go on YouTube or go to electrum threads and it will teach you how to do this. It’s free pretty much since you probably got an old laptop somewhere.

Are companies really affected by these randomsware attacks anymore? You would think unless it was some small mom and pop business most IT have a up to date backup.

Even 20 years ago when I worked for a company, they had simple backups with Windows OS, every hour, every day it would make a backup. Saved the company a few times.

Seems we get a post like this weekly. I remember reading about a similar block last week. I looked up the block Height and looked at the time and it was very close to the prior block.

This happens from time to time and it’s because it takes time to process the transactions and since they found the block already they can’t send new work to the pool because the nonce would be different so they send the empty block.

It’s interesting but I won’t use it like others stated here for privacy reasons.

However I am pretty sure that many of the sats out there most likely had some type of Silk Road origins. The amount of bitcoins that went thru Silk Road in those days is huge and even with those confiscated by the government many of them out there has some connection to Silk Road transactions one way or another.

Yeah this is the only block halving that I wasn’t around for. Imagine being a GPU miner back in those days and solving an actual block which was over 50 BTC at the time, crazy.

It’s actually so rare these days to get someone to spend a coinbase transaction from the initial block size of 50BTC. I am guessing most of those are already spent or the coins are long time lost.

They eventually submitted this form a few hours later after we heard this news. Now it seems they are all on track to all be approved or rejected in January.

There is also some comment form that is opened and the public can view their opinions. Whether this will actually make a difference is another thing. But the SEC has to do it anyways as a formality.

I have never set any difficulty for pools in the past. I know many pools have this option but it’s pointless since all pools usually automatically adjust for the most optimal difficulty.

Usually 1 share per minute. If you haven’t sent a share in a while they will lower the difficult and if you send too many shares they will raise it.

They don’t want too many shares because it would clog the pool and make it slower.

Only other thing you can do really is buy WBTC and just used some L2 like Arbitrum. Fees are extremely cheap and many exchanges support WBTC.

However keep in mind WBTC is somewhat centralized because if the holder company turns out to be a fraud then you will lose your BTC. But if you do it once in a while you should be fine.

Buy WBTC weekly, withdraw and after 10 weeks send it back to exchange and convert to BTC and then withdraw that BTC to the actual bitcoin blockchain.

I’ve been following the thread on his Twitter and about 20 people all asked what software he used to make the wallet or how did he actually create his wallet and he never replied.

So who knows what is going on. Why won’t he answer the question. Currently he is talking with Antpool and perhaps they will be kind and refund the high fee, usually when this happens they are honest and return the funds.