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If you think about this, in my understanding which could be wrong, this tether thing is like a USD dollar peg (similar to what Hong Kong or Panama uses) that is supported by banking relationships. As a long as there are banks that will make USD wires to big holders of tether (when they decide to...

I dont think they are issuing tether to prop up bitcoin. Bitcoin is very liquid, it has over $100B in market cap and it trades over $5B in a day. A few hundred million worth of tether are peanuts. I also dont think they are doing wash trades to prop up tether, humans see patterns where none...

From what I have read its because its more anonymous than bitcoin so some people are thinking this will do well because of the demand from criminals, tax evaders and the like. But the same thing could have been said about XMR and ZEC and their rallies have been more contained in recent days, so...

Bitcoin came up in a White House press briefing

Bitcoin this year vs bubbles. Today's front page of the WSJ My thesis is that bitcoin is a 'bubble on fast forward', if I'm right it can die out a lot faster than people think I got chopped a little today as my stop got hit at 9000 but the price held a few times, a double bottom, I was forced...

Here is the thing, "rebalancing" works, in theory and in practice. When you have 5% in something and it doubles, now you got 10%, it makes sense to sell that extra 5% and go back to the original 5% (if it was appropriate at 5% in the past why not now). I'm going a step further and saying that...

if BTC fakes me out, I can always rebuy higher

I setup my stop at ~$9000 on BTC I also learned how to claim my Bitcoin gold today and will be selling that on HitBTC for BTC or LTC and then cashing that in on Kraken

I have noticed that IB's OTC order execution has changed materially in the last few weeks. When I route orders in stocks like GBTC, IB will use ArcaEdge instead of NITE like they used to. Furthermore they will implement almost no price limits or rerouting, as a result, you can get filled at some...

Well, its not going to help having those futures around, that's for sure. A lot of people will then launch ETFs based on the futures, kinda like they do with the agricultural and commodity ETF based on futures. There will be options as well. Furthermore, I trade GBTC daily and there are a lot of...

Its a lot more mainstream now than when it was at a 1000. That Katy Perry asking Buffett about bitcoin news, if thats not like a shoe shine boy moment, I dont know what it is. My point is, crash risks have never been higher due to the price action, sentiment and fundamentals, so it makes sense...

Yes, you can find a borrow on GBTC. Any broker that cathers to short sellers should have it. I'm short it against BTC

The BTC daily sure looks toppy I'm looking at that 8000 level as a potential point where one can be certain its game over, either that or today's level at $9,000 where prices recovered. If BTC recoups $11k but loses $9k at some point in the future, at that point I believe I can be certain...

And my hedges seem to be working well, XNET imploded. I'm looking to short BTSC now (I did it today but it collapsed to quickly I had to take my profit and run). Perhaps MGTI, or RIOT if I run out of big blockchain runners. The GBTC spread to me seems a done deal that will collapse, as soon as...

Ether went from 500 to 400 in a matter of hours. That's what I'm talking about. I'm glad I have been banking profits, before it 'made sense' to do so. Now, everbody is having the same idea, prices and liquidity is shit (and platforms are going down like crazy, another benefit of selling during...

I used equal dollar amounts and I only plan to be short this for one week or maybe two. I figure that if I'm losing money on the spread, I will be making on my own coins and other positions (including intraday trading of GBTC, which I do a lot of. Volality is great for a daytrader) I'm not sure...

One thing is for sure, this is a great market to monitor. It should be a important part of any good trader's arsenal, to be able to trade cryptos (both in terms of skill and in terms of having the accounts/addresses/hardware wallets, etc). Almost every morning I go through a list of 80 crypto...

As you can tell I'm not a true believer, I will probably sell out sooner than when the top comes. Its hard to nail tops, it tends to be easier to react to the price. So after I sell out, there might be still one final wave that can be exponential. Maybe even a $5K rise in BTC in one day, and...

Whatever BTC does, it will TREND, so a trader that reacts to that will do better than some idiot who thinks the only way is their way (I plan to sell all and short it when this turns). I'm seeing so many people that will lose their shirts soon when this turns. They are so happy with their...

Bitcoin is getting quite close to its top and when that market does turn, its likely to plunge at least 70% from its peak, probably more. I say that even though I'm long some, along with some small coins and alt coins. But I have been banking some profits and rebalancing my positions down. The...