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I'm not saying they will tell US to shove USD up their ass. What I'm saying is that they will say they are prepared to accept other forms of payment. Clearly this won't be Saudi Arabia, but perhaps Venezuela or Russia. Then you might have someone like India who is hot and cold on US pay in...

What if all of a sudden some oil producing nation says they will accept Bitcoin for oil? If the world economy is falling apart because of the difficulty to source USD, but they have access to Bitcoin, and Bitcoin would.be accepted, imagine the ramifications of this. BTC price might be...

See, that is a different argument though. If you're looking to store that energy for later use, you need a different type of technology than bitcoin. If you're looking to extract the monetary value from that energy, that is Bitcoin. I watched a bunch of stuff on Ammonia and its a wonderful...

I will agree that Bitcoin can crash to zero very quickly. There might be some attack vector that proves successful, but to be honest, they have tried for years to bring it down, and so far, no luck. But you also have to concede that the USD only has relevance because other countries are forced...

You know how on Friday afternoons the regulators come in and seize a bank? Up to that point, its months of the stock price dropping slowly, but business goes on as usual. The bank is still probably even liquid, but they just decide that today is the day, and the bank is closed. We can see the...

You have no idea how it pains me to have completely missed the crypto forum for so long. I spent years losing money trading futures, but I never ventured into here. Even for the last cycle, I was late by not even a year, having started to really learn in the fall of 2021. But the whole time...

I think this is where we have to disagree. You can store value, yes, but you can't store that energy. He can't exactly plug in his electric stove and make a meal from that energy. You could use the value in the bitcoins to buy energy from someone, but that's about it. Stored value is...

Sure, this is fair. I honestly took it more from the perspective of making sure you are a long term holder vs. exiting at max pain and then either having to buy back higher, or never at all. But I can certainly understand how this could be seen as exactly what Yellen is doing. But lets face...

Absolutely.. I was just being funny. He has many times in the past held through bigger drawdowns and also added. It's of course good to follow rules, but let's face it, sometimes you see the rules cost you money more often than they save you, so finding the sweet spot is tricky.

Exchanges have been fighting to be made aware of the rules. But Gensler doesn't give any, but sues them after the fact.

When I see this, the first thing I think is that by adding in bad habits, it would have turned out great... LOL.... Holding through a bigger drawdown could have meant a profitable exit, and scaling in would have also worked. :D

So why is Yellen begging Japan not to sell treasuries? Why are they setting up liquidity channels to provide them with USD so they don't need to sell treasuries? You don't see anyone begging other people to not sell their bitcoin. We just take the drawdown. But Yellen knows the US can't take...

I tend to agree. The whole identity thing built into Bitcoin was shocking to me, even though I haven't even yet learned exactly what it does. In my opinion, Bitcoin should only be the best ledger ever. It should only be about sending UTXO's from one address to another. Everyone wants Bitcoin...

And you tell me how much work goes into the US making sure everyone is stuck using USD that only they can print up? (Its a very high percentage of the defence budget.) How much energy is wasted by banks to be an intermediary to every single transaction? How many PhD's does the Fed employ in...

Hahahaha... you're something else if you think the government banning bitcoin is because they want to save you.

If Bitcoin is such crap, why is the White House so afraid? Why do they need to attack it from all angles? Perhaps Bitcoin is the biggest threat facing the elite class, which runs the government, that it has ever seen.

The beauty of capitalism takes over. The miners that can't make a profit go bankrupt. Hashrate drops, maybe even 50%, just like during the China ban. The networks adjusts to this new hashrate, and blocks are still produced every 10 minutes. Then some people secure super cheap energy in areas...

With a 60% win rate, and a 1:1 Risk to reward ratio, it is positive expectancy, but it will also mean 3 or 4 losses in a row (below, it was actually a max of 6 losses in a row). I don't think we have ever seen you go through that. Will you be able to keep doing it consistently if an entire...

You need margin to short. Once your account goes below this level, they will close you out. Also, except for futures I think, there is a cost to carry a short, so that makes it even worse. Sure, holding BITI doesn't incur fees, but I'm sure this is already worked into the price. (ie...

How does this work if you only aim to trade one hour a day? Do you stay in the trade and just wait for limit orders to hit while you're away?