I can sympathize with you My point is bitcoin was over $115k, it's now over $117k and when you say $1.5k, that is a nothingburger regardless of your pnl's bitcoin volatility has been low recently, I do not think it's had an 8% move in 24 hours in the past week God bless you for trading 100x leverage on bitcoin and I do not know how long you have been doing it, but that is very risky, the most leverage I've taken on bitcoin perpetual futures is 40-42x, and it's usually in the 30x level Coinbase released perpetual futures for US people 10x leverage
Saw this very good episode with a guy from Wall Street. He is super bullish, and reinvigorated that idea about the omega candle that we are all waiting for. He didn't say omega candle, but just talked about how everything is going to collapse. The interesting point though, which is something I haven't really read about yet and wanted to share, was that he thinks the stablecoins will be very destabilizing for the world. It makes a lot of sense. If so many people who usually don't have access to USD now do, it could destabilize countries that reply on massive money printing and debasement. The stablecoins will create real problems for the rulers, and he mentioned that these countries might end up having to go the North Korea route and block off any outside interference. So this might actually lead to more chaos. This of course makes total sense because bitcoin penetration and stablecoin taking over all other fiat will absolutely create havoc for much weaker currencies and potentially destabilize these countries.
Blah blah blah you guys bounce from one talking head to another... At some point one of them is going to end up being right.
I'm in Asia so I definitely see the stablecoin here is growing and has a higher exchange rate to local fiat than a US $100 bill and I know this is not what we want to hear, bitcoin adoption is not growing, at least from my perception of watching local crypto traders and investors youtube channel, unit bias is a big hurdle, they much rather own Eth or xrp or other small cap altcoins, and memecoins are popular but that's everywhere even in the US DeFi adoption is growing, people are smart, capital will flow to opportunities, when interest rate to borrow from TradFi is very high, but 5% from DeFi, that wakes people up Oh, and those 80,000 btc we were discussing on a different thread have been sold in a very suspicious way, dumped at Bitstamp when there are better channels, Coinbase OTC, Coinbase Institutional trading platform, Gemini and Kraken But we can only speculate why it was done in such a way, the timing was right before Novogratz (Galaxy) was about to promote Eth and other altcoins crypto assets on CNBC and why did the whale allow that to happen like that? perhaps it was a long eth / short btc trade prepared in advance that they thought they could profit from? just a thought...
Wait... is this the same 80k that woke up on July 4 and moved from old address type to new address type? I thought this new announcement was a completely different 80k. Nothing that I read on it made mention that this was the original one that was suspected of first being either a theft or ransom or whatever. What about the Solomon link and waiting for something to claim it?
We mentioned in the other thread that those coins were being moved to Galaxy and from Galaxy to exchanges The Salomon link is fake, since the coins were moved and sold already before the deadline But there is a very interesting comment which I'm still trying to think about the implications I lost altcoins in Mintpal, cryptopia, cryptsy, and wallet services that were supposedly "hacked" and they were considered "tainted" coins, but if now they are being sold because people have forgotten, that doesn't sound right It would also explain why they were sold at Bitstamp and not at Coinbase since Coinbase probably never removed them from their dirty coins list as so do Kraken or Gemini US regulated exchanges Anyway, if this is going to be the case, there may be many coins that will resurface from "old hacks"
You are like this forum’s case of gono Call options on IBIT. Delta adjusted exposure is like 90-100x on debit (back of hand math)
That's been the case since forever with stocks, and why almost all with exception of Berkshire Hathaway, split at some point. We all understand fractional coins but many prospective holders are turned off by it. Silly I know but nonetheless a factor.