The new hot meme coin on Solana is $Wif dogwifhat I was shaken out a week ago at 0.09-0.10, going to try to get back in below 0.2
https://www.coingecko.com/en/coins/dogwifhat
Not aware of an L2 on Injective or Solana since the tx fees are cheap and transactions are fast, already
$50k for sure, then $60k
I doubt it. These new buyers are long term investors (i.e. HNW allocation, retirement accounts, managed accounts by RIA's)
Blackrock Ibit vs Fidelity Fbtc vs others is something to keep an eye on
I do not see Blackrock slowing down at all, the race is to be the...
I heard Blackrock has a good marketing department, but they messed up the color scheme on their chart, it's green green green red, green green green, red, green
OTC desks (Coinbase has a big operation for their institutional clients, the fees are tiny, it's part of their earnings report) are both bid and ask
and miners do sell otc but miners are not always selling, they are not the best traders, usually hoarding during bull market and selling during...
Inflows were used for OTC trades which do not affect the price, the OTC supplies will run out soon™
Gbtc funds will clear in T+1 +2 +3 and imo will re-buy other bitcoin ETF's adding to inflows, so things could stabilize as early as end of next week. Monday is a holiday, though
Scaramucci...
Down 75% $30k m2m.... but got lots of time on this trade
Looking ahead, if bitcoin can get above $100k within 6 months, I believe this MSTR calls options position will be worth a few hundred thousand $
Just need the bitcoin spot etf's to start getting strong inflows to absorb the gbtc...
The GBTC baggage may be with us for a while, 600,000 bitcoins is a lot of bitcoins :banghead:
The GBTC widowmaker trade bankrupted practically all the big players, BlockFi, Genesis, Celsius, 3AC, FTX, Voyager...
A good thread below
For better or worse, bitcoin is now a part of the US stock market through 11 ETF's
I encourage everyone who has an opinion that bitcoin is worthless or has the same value as a Tulip to short any of the bitcoin spot etf, probably should look into the gbtc one
Soon, they will have options for...
Good Morning (from Asia)!!!! just woke up...
Welcome to the long side (?)
I spoke with a dude claiming to be chief señor managing director and I asked him what's going on, Bitcoiners are not happy with this price action
He told me a bunch of technical stuff (i.e. gbtc redemptions), but...
The problem with Manta network is it's late to the L1/L2 party imo
This is the guy that shares a lot of alpha, but you have to dyor on his recommendations and you have to be able to handle the volatility and know when to get out
https://twitter.com/wacy_time1
I got $Analos from him, now it's...
I probably jinxed the whole rally, drank a bottle right before market open as bitcoin was above 48k :banghead::banghead::banghead::banghead:
We need consistent funds inflows from the ETF's and eventually the OTC supplies will run out. I reckon a month of steady inflows will do it
$1M per btc...
I know still a few hours left, but I stayed very late yesterday for that SEC approval, can't do it again today, lol
I am very disappointed with the price! Maybe it will improve by market close, but if it's not above $50k when I wake up, I will be calling the office of the Bitcoin CEO to file my...
Tokenz and I were active here during the bear market 2022, getting ridiculed by naysayers. I didn't see you much here, you seem to come around when things are going up
You should be asking yourself why you did not want to accumulate during the bear market cycles of bitcoin?
You've been here...
I could never wrap my head around the tulip comparison to bitcoin, as bitcoin is not a plant and it's not even a physical, it's just a bunch of numbers (large number)
The comparison to gold is because of scarce asset ,and for sure, bitcoin is going to flip gold in market cap, that's easy, it's...
Bitcoin the tech stock IPO day today can do 2-3x, yes, 100 grand is possible :D:D:D:D
I think I'll go ahead and order some Sapporo beer for a toast, just in case :cool::cool::cool::cool:
New MSTR calls options position - risk capital $40k
Closed the 1/19/2024 calls position last Friday, cashed out $20k
I was going to post this after close this coming Friday but the bitcoin spot etf's will be trading today Thursday 1/11/2024
Currently, m2m down $15k already, but got lots of...
Bitcoin IPO day tomorrow!!!!
I will be somewhat disappointed if bitcoin does not close above $60k tomorrow and very disappointed if it doesn't close above $50k tomorrow
lfg!!!!
Starting tomorrow, bitcoin will be just another stock market tradeable asset like GLD
All the critics of ET will be able to short the bitcoin spot etf
We will finally get to see their conviction in their belief that bitcoin is worthless
We had 15 years to front run the masses and wall street...