Interesting concept but I don’t think it’ll work.

If there are any types of bond related to crypto it can be like corporate bonds such as the ones that banks issue to raise funds. Obviously a bank wouldn’t issue a bond like this but say Coinbase might.

Coinbase obviously won’t since they went public already to raise funds but they can issue some Bitcoin bonds and pay coupons based on some agreed upon rate.

It’s possible however I don’t think it will happen.

You must admit that 2022 feels alot like 2018. I think many are expecting the $6K to play out very similar to the low we have now going on. However back in 2018 everybody was bullish in October 2018, right now 4 years later everybody is bearish.

So I would not be surprised instead of breaking $17.5K and heading lower towards $10K, that we break out of this tight range and start to go to $30K or $40K.

These days however its different due to the global markets being under fire. So its up to the economy. However there is a good chance that bitcoin might of bottomed already.

I think that with all these predictions about bitcoin going to $3K or $5K or the very popular $10K area. I think we either bottomed at $17.5K or we will bottom somewhere in the $14-15K area.

Many people want to buy lower and usually when that happens its bottoms out. We are already trading sideways for weeks. This is similar to 2019 when everybody was calling for $1K which never came or 2015 when everybody was calling for $100 bitcoin.

Usually when the general public expects the opposite happens.

Institutions don't really use technical analysis. If they do its maybe for some confirmation. They do more research and have more fundamentals. Maybe quantz are more into TA but institutions play the long game.

They are in it for months and years and they don't need to pin point a perfect entry. So they basically don't need to use moving average or divergences. And keep in mind that most TA is never perfect. Divergences don't always work. Its hard to tell whether it works unless its in hindsight. There are many divergences now but who knows if this is the actual low.

Yeah the reason why they removed the leverage in Coinbase, yes they actually allowed leverage once, is because there was a flash crash on ETH due to the excess leverage.

No idea how they helped the users affected but they might of credited back many people. And since then they stay away from leverage trading. I am surprised they didn’t add it back. Even max 3x or so would be pretty safe in my opinion.

I think it’s a cool concept but right now it’s nothing more than that. It’s futuristic and everything but I don’t see people using it right now. What is the point really.

This is similar to Bitcoin in 2008, at first you would look at Bitcoin and think “why would anyone actually use this” however now look at how Bitcoin has changed and how many people use it. Meta verse will be very similar.

Still pretty much sideways day. There is a small chance that tomorrow we might see some volatility because there is like $8Billion worth of ETH and BTC options that expire.

Honestly however most likely nothing will happen. We get these huge expires pretty frequently and most of the time nothing happens.

However if they are surpressing price due to some option waiting to expire then it’ll be apparent tomorrow.

Another issue with copying these trades is that you don’t know when they will exit the positions. Whether to exit at a loss or gain.

The stop loss and take profits isn’t shown. So you need to wait until the leaderboard gets updated and usually there is a delay. So you might get out too late and not get the same performance as the main trader.

For some you are better off just leaving it on the online exchange. If you don’t have a hardware wallet and use windows and surf strange websites you can easily get your crypto stolen.

Keep on an exchange, don’t reuse passwords, use 2fa, never click links in emails, white list your withdraws, etc and it’s pretty safe.

You sure there is no KYC at the Bitcoin store ? I am pretty sure almost all Bitcoin ATM right now need KYC. Or at least in my area.

You need to basically scan your ID first, wait until approval and then you can use the ATM. And the rates are still high like 10%.

So you might as well use an online exchange like Binance where you got extremely low fees.

Well we had pretty much 3 recessions since 2000. So people learnt that they obviously aren’t fun.
Many occupations get affected, maybe doctors is one that isn’t affected but many jobs are not recession proof.

So people are holding back and preparing which is smart. Very crazy how back in 2000 and 2008, everybody was caught by surprise but now everybody is preparing for the recession. The way it’s looking it seems there might not even be a recession.

A lot of uncertainty happening. We got QE almost in Britain and Japan. So this means the fed hikes are starting to crack. No idea what will happen after this rate hike. Look what is happening already in most bond markets.

Fed will need to change course if things are going to start to crack to the point of where we end up in a deep recession. Which obviously they don’t want but can’t avoid.

Inflation up in UK and in Canada. Bonds inverted for the 3 month and 10 year. We also hit new high on the yields.

Stocks on the other hand a doing better since earnings are good. No idea which way to take this.

Volatility is so low that something has to happen sometime soon. Been in this range way too long.

No idea if you know this or not but XRP can’t be mined. It was actually one of the first POS coins released which wasn’t mineable like 8 years ago or so.

If you want ripple you need to mine something like ETC and sell it and exchange for XRP. Or some other alts. My advice stick with the top 20. Avoid anything which is considered small cap.

He can use an exchange wallet. Most likely it’s the safest since he is new to crypto. Given that he has bought a GPU mining rig at the worst possible time in mining history I don’t think he is at risk leaving 2-3 figures worth of crypto on Coinbase.

Never heard of Trex miner. My advice is to go to the directory and find a readme file and look there. It will tell you where you need to input your wallet address.

I don' think there is any type of real insurance that will help you. The biggest risk is keeping it on an online exchange which is prone to hacks and you might get all your crypto stolen.

Honestly now you are better off just keeping it in a savings account since the yields is higher than it is on a stablecoin right now. Those 10-20% APY lenders all went broke and many ended up losing all their savings. I don't recommend investing just for the yield. The reward is just not worth it.

Its dropping because it was mostly a "buy the rumor, sell the news" type of event. There was alot of hype and basically the whales sold as soon as the merge hit. But its not the only reason.

The main reason is we are in a bear market and everything is going down. Hence many cryptos are going down on bad news. Its like this every cycle and nothing you can do. There are other issues now such as all this global market mess with inflation and bonds.

Yes I know tons and tons of people who got burn't by following his Doge coin tweets. I had so many people who I knew in person, call and ask whether they should buy Doge or BTC. I told them to buy BTC but they said its too expensive and Doge is cheap.

They had this theory how they will buy at $0.50 and sell it at $5 or $10. I told them it will never reach that number due to the huge market cap and large miner rewards. They are still bag holding from entering at $0.50-$0.75. Many entered when he had that SNL skit.

I manually looked at many of those which allow their trades to be copy and pasted and I can't find any that will help anyone. Most of the largest PnL or %'s wise are no longer active. Those that are active, they barely take any trades.

And those that do takes trades, if you look at their open trades, most of them are in huge losses. I don't think there is any active trader out there that takes small losses and large gains. Most seem to be long term bag holders on there.

Right now we hit the lowest bitcoin volatlity since 2020. So pretty much any day now there is going to be an explosive move, however no idea which direction.

Everybody thinks it will go down to $15K, since everybody thinks this. The opposite will happen. Just like in November 2018 when everybody assumed that $6K was the bottom and it would go up after a long period of consolidation and the complete opposite happened.

I think most likely this move will happen sometime in November, so a couple more weeks.