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.

Yeah I was on Jochen earlier trying to find what is the optimal fee to use to send a transaction and noticed the huge spike which skewed the entire chart,
https://jochen-hoenicke.de/queue/#BTC,24h,fee

See that high peak, yeah that was the transaction.

I think this person instead of using a wallet, they probably wrote out the transaction by hand and got the miner fee mixed up with the transaction fee. This is the only way I can see this happening since its most likely not laundering funds since it was mined by a large pool and not an unknown miner.

I think a good book to read, is called "Trading in the Zone". It doesn't deal with technical analysis but it basically deals with emotions when it comes to trading. You will learn how to deal with greed and fear.

Read the first chapter and I guarantee you will read the entire book because its amazing. Its an old book and I read it maybe 15 years ago but its prinicples still apply to traders today. You can get it from your library or buy the ebook for cheap on amazon or ebay.

You will read it and you will get the "A ha" moment and realise why you can't be profitable as a trader.

You need to becareful keeping any funds on any exchange that you do not plan on KYC in the future.

Generally the good exchanges will warn you ahead of time, its time to KYC and even after the deadline they will always let you withdraw.

However there were certain exchanges in the past like Poloniex, Bittrex which basically gave no warning what so ever. And your funds were stuck. Many KYC'd but there was errors and their funds were stuck for months.

So if you want to avoid this headache, just don't use the exchange at all.

Does such as service exist? I recall there was one that was called RennBTC (or something similar) however due to FTX collapse they got shut down. I recall it was possible to take Bitcoin on the bitcoin blockchain and bridge it to WBTC which was on the Ethereum blockchain.

So wondering if there are any services out there or so called bridges that make this possible? I know its very easy to bridge with ETH, ARB, POLY, BNB, ZkSync, etc however is it possible to bridge back and forth with the BTC blockchain?

Look its difficult to trade and be profitable in the long run. Generally the way the market works is that whatever the general consensus is you should do the complete opposite.

Remember after FTX how bitcoin bottomed at $15K and had a relief bounce and everybody was calling it a dead cat and to get out at $15K because its going to $10K. And guess what happened, it had a double bottom and it rallied after that.

I was around during that week and even the seasoned traders out there were calling bitcoin weak and to get out, and they were all incorrect. Its difficult to predict the market.

If the ordinals keeps being hyped then it will be a while before we see 1 satbyte. However if the fad passes and the bitcoin and crypto markets are still trading sideways then we might see those low fees. I think last month we got fees as low as 3 sats. But then the markets started to be more active and then the ordinals came back in play.

I also have a lot of inputs I should of combined during those 1 sat byte days however I was lazy and now I will also have to wait or start to pay the higher prices to get those small inputs combined to 1 larger input.

His mistake was similar to Saylors. He should of bought earlier or bought more earlier instead of later. After musk announced his purchase that is when both of them have been buying bitcoin aggressively. And they bought way too much above the $50K range. And it ended up giving them a horrible average.

Saylors average is maybe $30K or $31k or so and he is barely above it and the presidents is even worse. Both should of bought more when Ftx collapsed and prices were less than $20K but both didn’t do much buys in that area, they instead bought a lot in the $40-60K range. Can’t blame them I guess.

DcA doesn’t always work out however. If you started to DcA in the $50-60k range, you obviously would have a horrible average. It would of evened out however if you kept buying but you would of had to probably DcA every week for more than a year to get a decent entry price.

Same with selling, if you sold way too early during the days when bitcoin was low and sold same amounts in the $60K range your average would still be in the $30-40K range.

So sometimes it works in your favor and sometimes it does not.

Well your January prediction wasn’t too far off. You basically were correct that we wouldn’t make a new low and almost touched $35k.

Your prediction is actually more accurate than most of these financial advisors which have crazy predictions which are never correct.

Trading is difficult. It’s not supposed to be easy.

Yeah root stock was suppose to be big for bitcoin and now you barely here of it. I think what happened was that after those huge BTC fees of 2017, many people just started to use ETH and stablecoins instead of bitcoin for their casual transactions. They kept bitcoin in cold storage long term. Try forgot about sending any type of small payments with bitcoin, just like me.

Then the same problem happened with ETH and ETH got worse than bitcoin at times. So we started to use L2 and we are pretty much here but right now ETH and BTC networks are full anymore and transactions are cheap again. So until we get more real transactions on the network I don’t think many people will switch to these newer type of l2 like root stock.

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

They don’t work. If they really worked then they wouldn’t be for sale. Why not just run it yourself instead of selling it for cheap. Doesn’t make sense.

They either work in demo which can’t be replicated with live trading and doesn’t account for liquidity or slippage. Or they basically worked in a specific time in the past and eventually when markets change they will stop working. Now we are mostly range trading and if conditions change such as we start a bear or bull market then those bots won’t work anymore.

Normally you don’t get decent yield on staking bitcoin. In the past you got decent yield for staking stablecoins. I think maybe like 10-15% depending on how strong the bull market is.

You lend your stablecoins as margin to other traders and they pay you a large yield. Right now market is dead and you can’t make any money this way.

I would just leave it in cold storage and not risk it by lending it.

You can take the bitcoin code and change the limit to like 100M coins. However you will need to get the general consensus to mine on that code.

So there would need to be a hard fork and all the exchanges and pools and miners would need to run that software, nobody would run it however because it would kill bitcoin pretty much. So you don’t have to worry about this ever happening.

The mortgage market in Canada is nothing like the USA. We don’t have fixed 30 year rates. We got basically variable or fixed up to 5 years. Generally most go for 3-5 year fixed.

Those that are in pain are those that chose 5 year variable because their payments might of doubled. And those that were smart are still in fear because when they renew they won’t get their 1.5% rate anymore but instead will get a 6% rate.

It would of been one thing if these houses were affordable but I am talking about $750K mortgages which is the average home right now in Canada.

These fees are still not that bad. Paying 10 sats byte is still cheap. Usually it’s cheaper than sending ERC20 tokens on Ethereum network.

I remeber when Ethereum was so clogged you would need to pay $50 just to move some tether around. Waiting until the weekends barely made any difference. No idea who could afford the $150 dex trades in those days.

Glad that does days are over.

Most educated miners know well in advance about the reduced block rewards. Every halving there are a few retail miners that have no idea what is going on why their profits halved over night but for the big companies this is not an issue.

They buy the equipment early and know the risks involved. Whether it will affect price is hard to tell because most miners usually sell during bull markets and not daily.

Most users probably won’t be that upset since it was a hot wallet which got hacked and those are already risky. If they lost their cold store wallets which was a majority of the user funds then people would be upset and start withdrawing their funds as soon as possible.

Can’t think of the last time a casino got hacked. I remember there was that HuffPuff cheater on Primedice who could read the seeds ahead of time and made off with like 2K BTC or something similar.

You can’t make any money this way. Believe me I tried. What will happen is the funding rate will be near identical on all the exchanges.

Even if it is off by a little, you got basically 4 fees you will need to pay which will clear any profits. You would need to pay fees to open and close the trades twice on both exchanges.