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Funny how you refute your first paragraph statement in the second one.

The HODLer mentality is if everyone keep buying and HODLing, then there are fewer and fewer coins in circulation which creates scarcity and makes price rises. Therefore, every HODLer is now richer. Whenever someone mentions selling, they all gang on him, tie him up and burn him like a medieval...

You can't calculate it because it depends on the daily movements. Start with 100, one day is +25% and the next -20%. Index is still 100, but SPXU went +75% and -60% which brings it to 70. If the 2 days are flat, then SPXU would be worth 100.

If S&P goes to 4000, SPXU will be worth pennies. Even if it does correct, it will still be worth pennies. Volatility drag.

Possible daily returns can be expressed as a percentage. The average of these outcomes is higher than 0%, meaning every day that you are long, on average, your will have more than 0% daily return. Selling with the intention of buying back is the same as naked short selling with no intention of...

There are many sell signals along the way that turn out to be false signals in hindsight. 20K was one, so was 16, 13, 10, 8, 6, 5, 3 and so on. In a long term upward trend where average daily gains is positive, odds are against you when it comes time to pick a sell price if you intend to get...

With 2000 to play with, you may want to use a CFD broker. Commissions scale with order size, so while you'll be making(or losing) cents, you'll also be paying cents in commissions. As long as you keep the notional lower than your account size, it's about the same risk. You'll lose a bit due to...

The irony of all this is the mempool is filled with a lot of transactions trying to get to the nearest exchange to sell before price drops more. Just like the network being sluggish because of small blocks, the crash is also sluggish.

Only works if you have BTC already. If not, you need to buy some at a spot exchange, transfer it, short on bitmex, transfer it back to spot exchange, sell for fiat, withdraw. That's going to be a lot of transfer fees.

When did it change to large transactions only? When I got into Bitcoin some years ago, it was all about sending something of value on the net in a pseudo anonymous way. Merchant adoption was the hot topic and users were using BTC to buy stuff. Then I went into hibernation for a few years and the...

I used to think that way about BCH when it forked because that sounded like an hostile takeover from Roger Ver. In reality it's the opposite where Blockstream did an hostile takeover of BTC and intentionally cripple the L1 network to push users unto L2 where they have a business. BTC is a big...

Let's say McDonalds issued their own tokens on a block chain, called BigMacBux. You can redeem 100 BMB for 1 bigmac. People buy and use these bucks as currency. Someone wants to open a new burger chain called WcDonalds and want immediate customer base, so they tell the world "Hey World! If you...

You must have never tried to synchronize data between 2 systems.

A ponzi has no intrinsic value. Blockchain solves the problem of transaction atomicity between untrusted entities.

Miners sell for USD. With higher price, USD would get drained at a faster rate. At some point, there will not be any USD left in the system, so we would hear about exchanges withdrawal issues. This is how MtGox went down. So far there is no such claim and the whole USDT thing has been going on...

A lot of people are looking at the BTCUSD chart as the inverse where the USD bubble is popping.

Sure looks like a bubble about to burst!

If demand for this fork is as strong as demand for current BTC, yes. Since nobody cares about these forks anymore, it will have no impact.

There are still a lot of uncertainties around LN. It requires locking large amounts of capital in channels to allow enough back and forth transactions to make it cheaper to use LN long term than transact directly on-chain. Too little capital and your channel becomes stuck with all coins on a...

The top is temporary with Bitcoin. Every FOMO bull market Bitcoin had was accompanied by an acceptance milestone followed by a long period of digestion. Buying a pizza, tipping bots, buying drugs, online merchant adoption and futures on legitimate exchanges. Every FOMO period sparked interest in...