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[Did not add the additional 5000 USDT collateral] Update on the btc perp futures long position. Continue to hold and re-assess if btc goes above $20K Volatile day on the position value today, started in the morning at negative $5K, went up to positive $400 a few of hours ago, then now negative...

Shorting Tether is a good risk-reward play. Can't lose much since Tether won't go 10x or anything, but as in the case of what happened with UST, it can go down over 99% You'll need leverage to get the proper payout to make it worth it Your cost is only the funding fee for the short position...

#2 and #3 are pretty good #8 is the best - straight out FTX theft from the moment the users made the crypto deposits

I don't see the advantages of this over what I currently use, i.e. PayPal/Venmo/Zelle or cc and google pay If we were on vacation in Dubai and wanted to pay the hotel bill or spend at the mall, can I use my digital dollar or do I have to use my Visa/MC?

Update on the position, no changes. Continuing to hold overnight I'm thinking of adding an additional 5000 USDT to the collateral before I go to sleep...

Bitcoin and cryptos are deleveraging right now. It's a cleansing. Hodl RIP to Luna, 3AC, Celsius, Voyager, BlockFi, FTX, Alameda ,Genesis and others

Bitcoin and crypto assets are on the blockchain Local wallets are software and/or hardware to manage and store private keys for the above Scenarios to consider: What would happen if there was a fire in the middle of the night and you and your family were able to get out in your pajamas and...

Staked coins are unrelated to the FTX exchange, it's part of defi Let's keep it simple and focus on one crypto asset, btc FTX has 0 btc's on their wallet. Zero According to the records per the bankruptcy, something like 80,000 btc's worth over $1 Billion have been deposited by the FTX...

I think some people get it, but still pretend like they don't I saw your posts arguing on FTX bankruptcy... I saw Josh Brown ask the most important question on CNBC "why were the crypto assets of the FTX depositors transferred to the hedge fund Alameda?" I was wearing my tinfoil hat and saw...

iykyk

Bitcoin

You sell bitcoins and crypto assets on exchanges When you withdraw, you hodl Cryptos are worldwide digital assets

This is very bullish for Bitcoin and other crypto assets Genesis is having a bank run of crypto assets as people got spooked with FTX collapse Everyone is withdrawing their bitcoins and crypto assets to local wallets There will not be enough cryptos on exchanges for sale

Prolly nothing... https://decrypt.co/114778/genesis-suspending-client-withdrawals-lending-arm-citing-ftx-impact Genesis Suspending Client Withdrawals for Lending Arm Citing 'FTX Impact' After a volatile week amid the collapse of FTX, crypto prime broker Genesis announced that it would pause...

Yea, this is true. I already blew up my perp futures trading account within a month when I started My stop loss is manual and during the day, it's easy for me, but at night, I feel better if I have some control on the loss. A stop loss would do this A limited collateral exposure is better imho...

Update on the position, not a good morning, one of the bad news I heard is Genesis crypto lending shutting down. Still holding the position until I find what I think would be a better trade This next trade would be biased to be a short crypto trade, if I make it

Long btc perp futures @$16,957 no stop loss, liquidation of collateral method est liquidation price $15,955 This is a sleep-over position so I withdrew all the collateral crypto assets and only left 10,000 USDT Bitcoins are being withdrawn at a fast pace from all the exchanges as people...