Is the crypto winter over?

[johnarb]

Thanks for the pointers. I'll shoot you a DM once I'm all set and ready to roll.

Let's do it here on the thread. If I tell you right now that all the steps are 5 minutes and very easy, you won't believe me

Install the metamask now on your Windoze machine on your google chrome browser, go through the startup process, it'll give you 12 words, write it down on a toilet paper

Bam! you have a Metamask crypto wallet ready for funding (receiving) some crypto assets

Flush the paper down the toilet, iyou should not trust a Windoze machine with cryptos

That was just practice, You can remove the Metamask extension and do it again in an hour

 

[schizo]

Let's do it here on the thread. If I tell you right now that all the steps are 5 minutes and very easy, you won't believe me

Install the metamask now on your Windoze machine on your google chrome browser, go through the startup process, it'll give you 12 words, write it down on a toilet paper

Bam! you have a Metamask crypto wallet ready for funding (receiving) some crypto assets

Flush the paper down the toilet, iyou should not trust a Windoze machine with cryptos

That was just practice, You can remove the Metamask extension and do it again in an hour

Okay, will try. what's the next step? Tell me the easiest (and safest) way to fund the crypto.

 

[johnarb]

For the time being, BTC is dropping. I've adjusted the TP to 21068.

Ya don't need to be too jealousy because this ain't real money (not yet at least).

I would be happy for you to make money even if you're on the short side. On a $1k collateral, you could have probably done a 2 btc short perp futures trade, made $400-500, 50% roi in a few hours, not bad

My buy order long 5 btc perp futures at $21,110 did not get filled even though the candle wick low on the platform was $21,107, it happens, anyway, I cancelled the order, since it was intraday, my swing-trade position still active for overnight hold

 

[johnarb]

Okay, will try. what's the next step? Tell me the easiest (and safest) way to fund the crypto.

Get Kraken account and buy cryptos there to send to your Metamask wallet address, but you're not ready for that next step if you did not install Metamask on a secure OS like chromebook or Linux

 

[schizo]

I would be happy for you to make money even if you're on the short side. On a $1k collateral, you could have probably done a 2 btc short perp futures trade, made $400-500, 50% roi in a few hours, not bad

I'm slowly getting the hang of BTC. Some I find it cool, others meh.

First, I don't understand this "perp futures" thing. What's the point, when you can just trade the spot BTC? In futures, we also have the "continuous contract" where back dated months are spliced together with the front month to create a one contiguous contract, but you can't trade it. Obviously because the continuous contract is same as the spot market.

Anyway, my main go to for daytrading is ES, so I'll likely swing trade BTC. I realized multitasking just ain't my thing.

 

[schizo]

Get Kraken account and buy cryptos there to send to your Metamask wallet address, but you're not ready for that next step if you did not install Metamask on a secure OS like chromebook or Linux

Why is it so not safe to run on Windows?

I just hate the thought of looking at two laptops, one for ES and another for BTC. And I don't believe any of the platforms that I'm running can run on the chromebook (I think?)

 

[johnarb]

I'm slowly getting the hang of BTC. Some I find it cool, others meh.

First, I don't understand this "perp futures" thing. What's the point, when you can just trade the spot BTC? In futures, we also have the "continuous contract" where back dated months are spliced together with the front month to create a one contiguous contract, but you can't trade it. Obviously because the continuous contract is same as the spot market.

Anyway, my main go to for daytrading is ES, so I'll likely swing trade BTC. I realized multitasking just ain't my thing.

Crypto Perpetual futures trading means no settlement dates, put collateral and your position is forever, but you pay funding rates and as long as you don't get liquidated

It's all about leverage. You can fund a perpetual futures trading account with $500 and trade 1 btc comfortably 500 point move up or down before you get liquidated

Perp futures can do 100x leverage

If you can do the same with CME futures, then yea, you don't need perp futures stuff

FTX dot com was the place for perp futures trading place for all the crypto traders from the big wall street hedge funds to the Asian whale traders, and Sam stole all their cryptos and $ and Euros and Yen, billions of $ worth

perp futures trade 24 7 365

Everyone went to FTX dot com because perp futures are illegal in the US

Which is why Centralized Finance are crap, your counterparty can go bankrupt on you

Decentralized Finance (defi) Decentralized Exchange (dex) do not have companies, they are smartcontract code on the blockchain

Some of the big traders are now trading millions of $ positions on dexes perp futures platform

The way you're making the btc price entries and tp here, you can practically install Metamask on a clean android wallet and just use it for order entries and exits

 

[The_Krakenite]

Which is why Centralized Finance are crap, your counterparty can go bankrupt on you--

Oh, come come now... easily fixable. We had this not too long ago with the LME - London Metals Exchange. Remember that huge player who was about to get margin called after a bad bet gone wrong? They simply reversed the transactions and turned the little guys who made money into liquidations, and awarded it to the big guy. They say this was deemed necessary for the best interests of the market. Haha!

So much for free-markets...

If this had been carried out in older times, you'd have riots with pitch-forks. But everyone's gone woke these days and follows like sheep.

 

[The_Krakenite]

Seems no one mentioned yet today that DCG announced the news that all dividends are as of now suspended - indefinitely. Well, they didn't quite word it like that, it's worded as... until further notice. Now, you know and I know what that always means.

More bad news to follow on the contagion coming shortly. And it's not expected to be good.

 

[schizo]

Seems no one mentioned yet today that DCG announced the news that all dividends are as of now suspended - indefinitely. Well, they didn't quite word it like that, it's worded as... until further notice. Now, you know and I know what that always means.

More bad news to follow on the contagion coming shortly. And it's not expected to be good.

Not a fundamental guy, so can't comment on that. But going strictly by what I see on the chart, it appears BTC have turned the corner for now. That doesn't mean it's kumbaya all over again and we rip straight back up to ATH. But we ain't heading back down to 16000 either. I think there will be a slight pullback from here but eventually it will go up higher IMO.