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If you believe this then I can understand why you don't see the value in Bitcoin. But I believe we are going to go through one of the biggest transformations in history. Entire governments will change because of crypto. If they don't, they will end up third world countries. Imagine a country...

Here is the best reply possible in picture format. If PoW goes away, so does most of what makes Bitcoin special.

Would you share a sample of your trades? With such consistent profits, I'm curious about how it adds ups with the wins and losses.

Does this mean you will never own it? All central banks know they can't print more trillions without causing an inflationary bomb. But they also know that no more stimulus is crashing the markets and the economy. The debt based system and fiat currencies are on their last legs. I bet within...

Wonderful analysis. Thanks for sharing. Missing your charts with trades marked up in your journal.

This is a very interesting piece of news. Do you have a link? And just to confirm, you mean calls on ETH hitting a price of $4,000 this December? Seems highly unlikely at this point to be honest.

This is like asking a guy who won the lottery if it was a good idea to buy the ticket. At the very least, you expect a woman to be as you describe if you bring in millions like you do. And sure, maybe you didn't always make this, but I'm sure she saw the potential in you. The same woman you...

It's helpful enough to just know the bottom line. More details about how you're trading profitably would be a much better use of your words! I'm especially intrigued by how long the process took, and reassured as well.

Thank-you for the detailed reply.

Venture capitalists do this all the time. They give lots of startups millions of dollars. They of course don't know which will ultimately make it, but every now and then you get a Facebook or a Tesla that makes it to IPO and then you cash out. In crypto, it seems like asymmetrical bets are...

What happened to the wife? Did she get tired of waiting for you to make it so she cut her losses and moved on?

My 2 cents, Sierra Charts has the option to use GPU and here is my current resource usage. Processor is an i7-9750H with a GTX 1650i GPU. As you can see, the GPU is working hard, but if I turn the option off, moving the charts around is sluggish, so its doing lots of work.

If you know you're about to launch an attack, you can very easily short in advance. Isn't this what was done with Luna? They short bitcoin and Luna both, knowing one dropping will feed into the other. They look for a time of market weakness, since the wind will be at their back, and give it...

I must be an exceptional trader because I can pull this off consistently. :D Seriously though, would you share a chart of some trades? You see, often times, when a trend is clear, its usually too late to enter with a tight stop. When you use a wide stop, then sometimes you will be proven...

Yes, I completely agree with this as well. Why? The whole point is to see if they have the funds backing the USDT that they say they do. If they won't open the books, then doesn't it make sense to try "stress test" their assertions? It was surprising that 10B could be redeemed for USD. What...

That is the beauty of USDT. There is no public way to break it. As long as they just keep saying trust us, and they make payments when necessary, and government doesn't force them to prove collateral, then they can keep operating as they are. You would think that with the beauty of bitcoin...

If you're trying to tell me that there is no weakness to Tether, I think you are very wrong. A 100% legitimate company would have no problem showing everyone the books and wouldn't need to use some obscure firm to do their audit. The fact that they say they are one of the biggest holders of...

John, all of this may be so right now, but we really have to stress test this. Luna is an interesting case because their mechanism was on full display, as I said in a previous post, so it was easy to conjure up a plan to take it down. Waiting for a market drop was exactly what was needed...

I tend to agree with this. The charts posted of outstanding USDT are very odd looking. It actually matches well with what John said in that you and I cannot redeem USDT for USD. It looks like just big block transactions happening so it instantly drops by 1B. Maybe small traders cash out a...

I disagree with this line of thinking. Just because it's big doesn't mean it can't collapse. High liquidity is good, but nothing will save from a "bank" run. The only benefit it has is that it's peg is behind a curtain, not like Luna which had its mechanism on full display, and hence open to...