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I was just about to point out that my data shows the recent drop came to 50.5K, but I see that other exchanges have the low just above 53k. Looks like the Kraken moment all over again where ETH dropped far lower on that exchange than on others. I have my platform set up to show prices from...

I do love your posts John. No matter how much people disagree with you, you always come back with facts and references. You're a wonderful ET poster to converse with. I agree with you that we aren't in a bear market. Its super easy to look at the chart and see this. As you say, there are...

Interesting point. How do you use options pricing? Is it to gauge direction, to enter a trade, or just to stay with a trade or exit?

I haven't seen you write this before. Can you expand on this?

Right, and what happens when opportunity for profit is gone? Does everyone start to sell at once? The USD may be losing value, but its doing so at a fairly predictable rate. Nobody is worried about holding $100,000 for a month. But how confident are most people holding 2 BTC right now if...

Yes, I understood this part. Its just crazy to think that its even possible. Imagine also your BTC having gone through a drug trade (even though I realize that drug money is perhaps a very small portion of transactions). But just imagine this, and now I come along and buy some and cash out...

So I watched them both and honestly, I'm not that impressed. Let me share some points First video with the governor. 1. She talks about too much money printing. We all know this is true, but as a governor, she needs this to run her state. If she is complaining about this, how about run...

I will watch and report back.

Out of curiosity, what do you say to someone holding nothing today? What is your upside potential vs. downside?

For all the crypto bulls. What has a better chance of dropping 50% in the next 12 months? How about 75%? If you all think a currency backed by the government doesn't mean anything, then go ahead and test the resolve of the IRS and judicial system. Nobody likes the inflation and FED printing...

Honestly, its kind of shocking to me to read you mention things like a 1-3 year bear market and a collapse. And this is especially so if more institutional money comes in. I of course under the whole "buy the rumor and sell the news" part, but crypto bulls keep pushing the thesis that big...

You're obviously not understanding what I'm saying. By being decentralized, yes, no one person has the final say, but what you need is the minimum number of nodes to agree. So in a way, there is only one authority. That is my point. You only have a coin once the network agrees you have a...

I never said I was an expert. But my CAME example stands. When I buy a contract, I'm buying it in the market and I own it and it had to be sent to the market, not internalized. With BTC, it sounds like I don't actually own it until I cash out into cold storage. So I hope the exchange will...

This part is worrisome. I of course don't understand the technical details like you do, but I always figured that if I buy 0.1 BTC at an exchange, no BTC actually changes hands yet. Perhaps these exchanges match up the buys and sells, and also use what they have in storage and allocate a...

I actually read exactly this as a possible reason why they are stuck not being able to do anything about it. Its considered too big to fail now.

Excellent summary, and I agree, buy some that you can afford to lose just in case. The problem with giving "power to the people" with regards to the monetary system is that if such a thing as fairness and equality was to happen, then you can kiss the huge privilege that western nations have...

What do you envision. For crypto to take over the world and governments having no control of their currency? They might as well also give up control of their borders. I don't like the FED as much as the next guy based on what they are doing to the US dollar. But if a global currency takes...

I think the guys who use volume analysis would say this move is suspicious. There is supposedly a lack of participation in this move. And yet, it keeps grinding higher.

And once the big money stops coming in? Can crypto not survive unless there is always big money coming in? Also, I didn't mean to imply that my examples were crashes. I just mean that you have 100% of your net worth in crypto, and twice in only 2 months you have lost a considerable amount...

What about all the factors you can't control? On Feb 21, it topped dropped 26% to 43k by Feb 28. On March 13, it dropped 18% to a low just above 50K on March 25. Those are some pretty big numbers that apparently had no structural or fundamental reason. Do you not worry about a piece of news...