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At this stage, I'm not too concerned about USDT trading volume. People go in and out constantly, so it doesn't so much matter. What I wonder about is how much new USDT is minted. I might sell 1 BTC and get 43k USDT just as some guy used his USDT holdings to buy BTC. This shows up in the...

I completely agree that at any moment in time, the value is whatever someone thinks it is. What makes this interesting is that there is so much BTC in cold storage, so that in some way helps given these guys are long term HODLers, but on the flip side, the fact that BTC can drop 10% or more in...

Interesting link. On a macro level, its very similar, except for the AP middleman. But what I find interesting is this line with regards to costs of trading that are covered by the AP.... "The beauty of the system is that the fund is shielded from these costs." If the AP is the middleman that...

Oh, and I forgot the crypto price inflation part. Here is how I see it. Suppose you're at an auction. You bid 10 million for a painting, the guy besides you bids 11. Then you bid 12, and he bids 13. Eventually you get it for 20 million. But then you find out the guy never had any money and...

Here is a very good analogy. Say you have an ETF like SPY. When you buy SPY, you own a share of this ETF that has all the underlying shares in it. The fund, which is now at 400 billion, will have shares of all the 500 companies in there plus a few million of cash for redemptions and operating...

I think when you are new to trading, using whatever software is presented to you seems good enough and you can get accustomed to it. But once you've been using something for years, its very difficult to switch. My broker is IB, and I found it very difficult to use for many reasons, so needed...

Honestly, if the real issue is that the people don't have a stable currency, they need to have a revolution where by the leaders are replaced with competent individuals that will make it a mandate to release a currency that is backed by a country that will stick to laws and rules. If a country...

Isn't the entire value of the US equity system pretty much made up? Without FED printing, what is the value of these stocks post Covid? Without government subsidies, what is the value of green energy companies? (and don't get me wrong, I'm a big fan of green energy). Lastly, without...

I tend to agree with this assessment as well. What I don't like is that as each piece of good news is posted to the BTC price thread, it hasn't been enough to help BTC make new highs. Also, the fact that the price can be pushed down so severely when there is supposedly so much interest in only...

So as I'm scanning headlines this morning, I see this (although I have yet to read the article): Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’ https://www.cnbc.com/2021/09/15/ray-dalio-says-if-bitcoin-is-really-successful-regulators-will-kill-it.html Does this mean...

So its obvious that I know 1% of what you do when it comes to crypto, but I feel that its intuitive that there will be a breaking point somewhere. I know that even 50k seems insane, and yet here we are. But to be honest, something about this doesn't seem right. If the price can just plummet...

I agree that hitting 100k will not make a difference. But I also believe that in no way will the government allow a major shift to crypto if/when the USD is suffering. I also think that once they get the CBDC (central backed digital currency) up and running, things may change. Sure, BTC can...

One of the issues I have with these wild projections (and its not so much that I disagree), but can we imagine for one second what the world will look like if crypto hits these massive valuations? What does that do to the dollar? And if the dollar is trash, what does that do to the country...

You kept calling me a gay bear. Do you know my sexual orientation? Is this the truth you are talking about? Adults don't need to through insults like this. Firstly, and lastly, you have replied to me almost a dozen times and I have never cared to interact with you. Why you keep wasting your...

Gotcha, so the stablecoin is simply to not be in the market if your exchange won't let you hold USD. And it's true that you can just play with game via charts, but I figured the idea was to jump on the next BTC or ETH, or at least figure out the new best thing.

What is the point of holding stablecoins if they move 1:1 with USD? Also, are you not taking into consideration that tether may very well blow up? The chance might be small, but its certainly more likely than winning the lottery. Holding 100k in tether is asking for trouble in my uneducated...

Ken, since you mentioned you want even more leverage than the 2x/3x inverse ETF's, lets do some math (and someone feel free to correct me if I get something wrong). Assume that to short the S&P, you're gonna use SPXU. Here we see the chart for Friday. Lets say you are lucky enough to catch...

Asset prices that are hyper inflated are a problem for the entire world. If he gets a head start on popping the balloon, maybe he will be able to let the air out slowly for that so called "soft landing". Now I don't agree that governments should be micro managing the economy like this, but...

Ken, I would just listen to what @Dustin says and tune out everyone else. He shares enough in his journal so that you can reconstruct exactly what he is doing, and also backs this up with a PnL and trade summary. Now of course its not easy, but by only buying calls or puts for 0DTE options...

This is a very interesting point that I think mirrors the conventional economy quite well. What is the value of money? Nobody really knows because interest rates are essentially zero. That means the prices of everything are in a bubble. This is anything from real estate to tesla shares. If...