The interest rate pivot will only cause a bull run if they start to aggressively cut the rates due to some credit events taking place. Everybody is waiting for this however if they slowly cut the rates by 25bps every season then it won’t have the desired effect as everyone thinks.

Sure if they reduce it to 0% suddenly then obviously people will be buying stocks and crypto and real estate however that will only happen if there is a nasty recession.

Yes there is very little supply out there. I read that 85% of all bitcoins haven’t moved In the last 3 months. ExchAnge reserves are near lows and that is why when a strong bitcoin rally starts why we have explosive moves. Because there just isn’t any bitcoins to sell once the weak hands sell.

I remeber back in 2017 when Bitcoin atms were sold out of bitcoins, you couldn’t buy any only sell yours. Basically they just couldn’t allocate any in that crazy FOMO time.

Yeah I’ve also worried about this but after doing research its impossible to guess someone’s private key or any BTC address with a balance on it that was created with a proper wallet.

You don’t realize how large these private keys are and what computing power is required to be able to solve any key. So you can rest assured that your private key is safe as long as you practice strong cold storage or hardware wallet security practices.

Yeah i remember that article that came out last year. We read it and dismissed it but for assurance we wanted SBF to tweet it’s nonsense. And all of a sudden his tweets stopped. Usually he tweeted like crazy but after that article he went silent for a day or two.

Then he tweeted it was nonsense and it started to deteriorate a few days later. Took less than a week if I recall for the exchange to collapse. Good that he was found guilty.

Without checking the poll results, I am pretty sure everybody is extremely bullish. Especially since we had a bullish October, sometimes November has explosive moves for bitcoin and the Bitcoin ETF is very close.

This reminds me of November 2018, everybody was expecting the $6K low to be the bottom and everybody looked at previous November and saw how bullish November usually was so everybody went long and the complete opposite happened.

When too many people are bullish that is not a good thing.

I don't understand the first one but regarding the last two, isn't it extremely difficult and impossible to break ECDSA and Sha256 encryption? I am sure if there was some fault it would of been discovered long ago.

Yeah that would be like someone offering to pay $1M if someone could crack the private key of one of Satoshi's early mined blocks. Basically its pretty much impossible and hence the $1M reward would never be paid and would be a big waste of time for anyone attempting to crack it.

Remember ebay/Paypal?

They basically had a system which sided with the buyers generally. It got to the point where many people stopped selling on eBay altogether because there were too many claims opened against sellers and the transactions were easily reversed and the seller was stuck with no product and no money.

This is a bad centralised system where it doesn't work in general. Hence payments like bitcoin are better because if people can trust one another then it can work as a exchange. Its easier to learn how to spot scams and protect yourself to not get your crypto stolen so you don't have to reverse it rather than have not and have to deal with transactions which can get reversed.

You can invest in bitcoin at any time, it would be good for your retirement, however keep in mind it won't be like buying bitcoin in 2015 when it was $200. You might 2x or 3x within the next decade but don't expect to 50x your gains.

This is the reason why many people buy altcoins because they want those 100x gains like the early bitcoin adopters. However there are so many altcoins out there that many of them have a higher chance of going to 0 than 100x. Remember Doge how people assumed it would hit $10 a doge? Well the market cap was unsustainable at those levels and why it stalled and headed back down and lost 90% of its value from ATH.

We have a physical spot Bitcoin etf in Canada. It went live like 2 years ago and it didn’t really have much inflows. Currently it’s something like $1B Canadian dollars. I think it had the most inflows when it went live but since then it went nowhere.

Sure $1B is a lot but it’s in Canadian funds which is more like $750M USD but after 2 years it’s not that much inflows. Even Microstrategy alone buys like $100M worth every month, just one company.

Maybe since it’s a blackrock etf and based on the states it will get more inflows but it’s seems the Canadian one didn’t get much investment from retirement funds.

From all the research I did last time DTCC listed the blackrock ticker, it doesn’t mean it’s a guaranteed listing. Some guy who claims to worked on Wall Street for years says it doesn’t mean it will necessarily get listed, doesn’t mean it’ll not get listed however.

Today we got a new high and it was hours after they listed the ticker on DTCC which provides more proof that there is some other reason why Bitcoin and other cryptos are pumping. Especially Solana which had a 20% day and it’s higher than it was during the Ftx crash.

In the past there were many mislabeled wallets as F2Pool. That pool has been around for a very long time and all these analysis companies make mistakes when they label them.

Most likely it’s an old hodler and he is moving to a new wallet which has better security. As long as they are not sent to an exchange, then I wouldn’t worry. The real worry will be when the MtGox coins move or when those seized coins start to move.

The SEC doesn’t care what happens with the etf after it’s approved. They don’t want there to be issues like there being some broken network and leads to huge price declines which end up causing huge losses in the financial system.

One reason why they are skeptical about approving it is if there is some big problem like the chain stops and price crashes 80% in a day, it will set off margin calls everywhere and it’ll lead to institutions dumping other assets like SP500 futures which will tank that market also. Hence why it’s taking so long to get it approved.

There are pros and cons for both.

Sure it would be great if your funds were stolen or you sent to the wrong address to reverse them since those are accidental and transactions you didn’t approve.

The issue is that if you allow transaction to be reversed then so will scams happen. People will buy stuff, pay with bitcoin and then try to reverse it, which is obviously not good.

In my opinion I think the way it is now is the perfect method since you know once it’s confirmed it’s yours forever and you don’t need to worry about it reversing.

Looks like another bitcoin etf was just added to the DTCC, this one is BTCO and it’s for the Investco Galaxy Bitcoin ETF.

Again have no idea what this means since apparently the other one was listed since August and after this one was added a few hours back there was no pump.

So this I guess means that these don’t really mean much until an actual approval.

Yeah I remember having a hard time getting those test net ETH when I needed to try out a few new networks. I think it’s crazy how some are charging for these tokens which should of always been free.

I don’t remember the price but I think it’s going for like $1-2 per fake ETH. It’s crazy paying for this but sometimes you really didn’t have a choice when you wanted to do some testing on the testnet.

Fiat is a scam but it’s not considered a ponzi. Ponzi is what Madoff did and it’s where he took the money from his newest investors to pay off the oldest investors which were cashing out.

The fact that he got away with this for years is what’s crazy. You would think some accountant would find something off sooner than later.

Eventually when too many people tried to withdraw at once it’s when the ponzi crumbled and he was exposed.

It’s not only lastpass that you should avoid storing anything sensitive. Even having your passwords saved on your browser is risky because anyone with access to the computer whether remote or physical can easily uncover them without any additional passwords.

You really are better off just keeping your passwords in a diary somewhere in your house pretty much. Sure they are handy those password managers but all it will take is some bug and everyone’s private info can be stolen and leaked.

We are basically back to the days before all those companies went belly up. I think it started with 3AC or Luna, don’t remember but it’s this area that set off those dominos.

What is crazy is that SOL is actually rallying. Why are people buying SOL when FtX holds a large portion of SOL. If SOL keeps rising like this then most likely FTX might be solvent again like MtGox back in the day.

Mine would be having formatted wallets with certain amounts of coins. It wasn't bitcoin but it was alts which ETH, LTC, DOGE which were very low but then they exploded in price and I basically had no way to recover that data. It was overwritten probably hundreds of times and no point in getting it recovered.

This is why you should always back up your wallets even if you don't think you will use them. The tokens might be worthless now but you never know if one day they will make a comeback. I remember when bitcoin was $50K, I had tons of dust in old accounts that I recovered, was only 0.005 BTC or so but it was valuable then compared to 2015 when it was useless.

The yield curve already uninverted on the 2s and 30s last week. The 2s and 10s is still inverted. Generally when this happens means something bad about to happen in financial markets. However it already did this in March and the government actually went and saved the banks.

However now many of these bank stocks are tanking. Even in Canada. So why are people dumping bank stocks. Mean something bad is happening in the background.