Wasn’t there a thread like this posted last week. I remember replying with a similar solution when it comes to trading psychology.

There is an old book called “Trading in the Zone” and it’s not really for technical analysis but it will shape how you react when you are in a trade. It’s probably 2 decades old but it’s principles still apply today and to crypto markets also. You can find this book anywhere. You will read a little bit and you will be blown away how accurate it is.

The halving is not that far off. So it needs to start pumping soon. If the etf are approved then I can see this ignite this way.

When bitcoin pumps it can double within a span of a few weeks, so going to a new ATH is not unrealistic but currently we got no momentum. It just trades sideways for weeks. Hopefully it starts to move soon.

I played around with this in the past. There is no real way to profit here. When you are entering a trade like that it means that there are massive shorts and it can go against you alot before there is a short squeeze. So depending how early you enter can put you in massive negative PnL.

You got lucky but usually you would collect the fee and the trade would start to go against you. Some people close their position right after the funding fee. So seconds after you would see a dip since longs close.

How does the Thor work exactly? Does it have bitcoin and Ethereum on both networks and it just sends it to you when you make the bridge?

I am assuming the transaction fees for this aren’t cheap. Also what is the risk here exactly?  What guarantee do you have that you will get your transfer fulfilled?

With stocks you need to be able to read its earning reports and judge from that. With forex and crypto you don’t have earnings reports which tell you the revenue and net income.

You can have a huge company making billions but if their net income is small the stock will suffer. Same if it’s vice versa. Technical analysis won’t help you here.

It’s different now because there is a housing shortage, we didn’t have this back then. Right now nobody is selling their house because they got a good interest rate locked in. Maybe those who bought in the last 2 years might be in trouble but most owners who owned for more than a decade will be fine.

In Canada it’s brutal however because mortgage rates need to be refinanced every 5 years and many are suffering every passing month. Will it collapse? Who knows. We got a massive housing shortage here.

I’ve been hearing about this global financial collapse for maybe 1.5 year now and it still hasn’t happened. Economy maybe softened a bit and that’s it. Right now job numbers are still strong and gdp is high.

If there is a collapse, who knows what Bitcoin will do or other risk assets like stocks. Best to be all cash and buy many assets like real estate when it’s cheap.

Well last cycle everyone wanted to sell at $100K or at least close to it. I think I wanted to sell at like $90-95K. But I guess many people decided to not be greedy and sold earlier at $69K. Hence it was the top.

This is why you can’t predict the top. If bitcoin touches $100k it won’t be the top, it will most likely go higher. Same reason why $10k wasn’t the top in 2017 and $50K wasn’t the top on 2021.

Turns out it was PayPal which made this mistake.

They said it today. Which is going to make you think twice about using them to store your crypto. For a company which was suppose to be secure they are doing a very poor job of handling their crypto.

Either way, $500K is a small amount to them so they will be fine.

If you knew the amount of times that the refunds were delayed you would be skeptical that they would actually pay out next month.

This hack was almost a decade ago and people are still waiting for their bitcoins. So who knows when they will actually get it. Going to be some technical issue and it’ll get delayed again.

With the MtGox bankruptcy I think they gave people almost 10 years to file their claim. I think some people had up to last year to file a claim.

So this is why I am surprised they are rushing you to KYC by end of September when this will most likely drag on for the next 5 years.

Also who knows how much will be left. If it’s 15% then obviously it’s not worth the hassle unless you had at least close to 5 figures in there.

They own lots of SOL but if I understand correctly, most of it is still locked. BTC and ETH are the most liquid but they don’t hold that much of those to begin with.

Does anyone remeber how many BTC etf applications there were in the past? I think it was like 4 maybe 5. Then they all mostly withdrew because they knew it wouldn’t be approved.

Now we got almost 10 different applications. It’s strange. Maybe they know something that we don’t. Why are all these companies applying all of a sudden when it’s been impossible to get approved in the past. Maybe the blackrock application is the game changer here.

It’s crazy how expensive these phones have gotten. I remember the first iPhone I got was the iPhone 3G or 3GS and it was like $399 or something. Now we got iPhones in the 4 digit range it’s crazy.

Even if you want to buy used, the used is still expensive. In Canada the iPhone X was like $1300 CAD new and you can buy it on eBay used but it’s still for $300 CAD. The older iPhone 7 you can get for like $100, which is better. Not worth paying $300 for a used phone with no warranty.

The website is listed on the Ftx twitter account which is controlled by Kroll. And Ftx domain right now is also in control of Kroll. I don’t think it’s a phishing website.

Also when you submit your claim it forwards it to the Kroll website so it’s definitely legitimate. Maybe someone else can confirm.

Crazy bold move of him to predict when we are in a bear market and his average is not even at break even. His predictions reminds me of MCAfee prediction by bitcoin going to a $1M or so.

Can it go to $5M. Sure it’s possible however it won’t be anytime soon. We got a nasty recession ahead of us and nobody will be buying digital assets or stocks with inflation so high.

Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.

I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth.  No idea how they will liquidate that without crashing the token.

For those that are not aware, the deadline to claim your debt from FTX is end of September.

https://claims.ftx.com/

From there you login as usual, 2FA as usual and confirm your email.

Now I am confused because on Step 3, it says "KYC is recommended but not required". Says you can skip KYC and move to Step 4 to verify balance and Step 5 to file your claim.

However later it states that you must begin your KYC process and file your claim by Sept 29. Any claim of a customer with an unverified KYC status will be deemed unverified and the Debtors reserve to object such claims on missing or incomplete KYC info.

Does anyone know what this means? I would KYC if I knew 100% I would get back at least 50% of my funds. If in 5 years, all I get is 10% then they can just keep it and not going to bother with this.

Twitter has the worst security. I remember a year ago or two, many high profile twitter accounts (except Trumps) were hacked and promoted some crypto scam.

They really need to up their security because crypto is one thing but imagine is someone took over the President of the USA twitter account started to tweet something dangerous and put people in grave danger.

So since RenBTC is not a real bridge and WBTC is centralized due to BitGo, the only safe way to do this would be to immediately sell the wBTC for ETH and hold that on the ETH chain? Or some other stablecoin?

I know that using a CEX is the easiest and safest and cheapest however you would think that by now there would of been a solution already to bridge between the 2 largest crypto blockchains out there.

Wow I am surprised he is still at it. I remember reading about this years ago and basically knew back then that it was gone forever.

When you throw away your garage, it’s not tracked where it’s dumped exactly. Maybe some site and some corner but exact location is never logged. So it’s impossible to know where it is especially when there is also other peoples garbage in that site and they pour new garbage over the old and seal it with a wrap and then more garage over that wrap.

And even if they found it, the data would be irrecoverable. Because due to the environmental chemicals it would be completely destroyed.