Is the crypto winter over?

[johnarb]

Yeah, I might jump ship in the near future and trade dex. But frankly, the security part is too much of a bother (you know, the risk of being hacked and all). I'm a simple trader. Just focusing on charts is hard enough. I don't want to get caught up worrying about these other issues, or the probability of that ever happening.

I do have a thread for a dedicated Linux setup to handle and store crypto assets

If you're only trading, it's much simpler setup, purchase a Google Pixel Chromebook and sign up for ExpressVPN

After that, you only have to worry about $200 worth of Eth, and $1k to $10k (or $100k if you want to trade big size with less leverage than me 44x) worth of Usdt or Usdc, all available from Coinbase, Gemini or Kraken

When you're ready, post some questions here and I'll guide you

But you're right. I don't understand why there are so much restrictions placed on BTC here in the states. No BTC!, no CFD!, no This!, no That! Is this to protect the small guys or the wall street? Probably the latter.

I think the latter

True story, the biggest, most regulated TradFi crypto companies operating in the US went bankrupt, Genesis, BlockFi, Voyager, Celsius, FTX (dot-us along with dot-com). Billions upon billion$ worth of crypto assets lost

FTX spent hundreds of millions (maybe billions with the stadium?) of advertising in the US

In contrast, the biggest DeFi crypto platforms (banks and dexes) with as much TVL as those regulated ones, operated perfectly 24/7/365, no circuit-breakers, no bankruptcies, no frozen accounts, no frozen withdrawals, nor limits

AAVE, Uniswap, Pancakeswap, SushiSwap, Venus, SpookySwap (I can go on and on, since I actually cannot think of a single one that had issues throughout that whole shitty period)

Protection offered by regulators vs Protection offered by smart contract code

Result speaks for itself

 

[schizo]

When you're ready, post some questions here and I'll guide you

Will do, thanks.

 

[The_Krakenite]

But you're right. I don't understand why there are so much restrictions placed on BTC here in the states. No BTC!, no CFD!

You still have the option to trade crypto ETFs on the Toronto Stock Exchange, most brokers like IBKR I believe will allow this. If they don't already let you, you can often ask if they will add it to your trading account.

The issue with Canadian securities, (and with their derivatives), is the spread of course... The US market is exponentially larger. But... if you're left with no further options... (no pun intended).

 

[johnarb]

$23k risk capital investment when I posted $Rune a month and half ago is now worth over $71k m2m

https://www.coingecko.com/en/coins/thorchain

NFA

$Rune is down about 15%, a good signal to lower the cost-basis (lower the capital at risk on the trade)

Cut the position by 3600 $Rune coins

 

[johnarb]

Anyway, CME is closed until 8PM EST on Sunday.

CME futures open for business

 

[schizo]

CME futures open for business

View attachment 327901

I just got in short at 37,500. But I shouldn't have gotten out on Friday. Thanks for reminding me.

BTW I meant 18:00 EST.

 

[schizo]

You still have the option to trade crypto ETFs on the Toronto Stock Exchange, most brokers like IBKR I believe will allow this. If they don't already let you, you can often ask if they will add it to your trading account.

The issue with Canadian securities, (and with their derivatives), is the spread of course... The US market is exponentially larger. But... if you're left with no further options... (no pun intended).

Thanks for the tip. But I think I'll just stick to the futures for now since I love shorting it so much.

 

[schizo]

I just got in short at 37,500.

Before I forget,
SL 38100
PT 36000

 

[johnarb]

This Bitcoiner just got elected in Argentina... will he follow through on his promises or get Epsteined or converted by fiat lords?

https://twitter.com/x/status/1726389229935292888

 

[semperfrosty]

This Bitcoiner just got elected in Argentina... will he follow through on his promises or get Epsteined or converted by fiat lords?

https://twitter.com/x/status/1726389229935292888

Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3%
The self-described anarcho-capitalist has been supportive of bitcoin, calling it "the return of money to its original creator, the private sector."
By Stephen Alpher

Nov 20, 2023 at 11:38 a.m.
Updated Nov 20, 2023 at 1:01 p.m.

Incoming Argentine President Javier Milei (Getty images)

The next president of Argentina will be Javier Milei as his opponent Sergio Massa conceded on Sunday evening, saying "Argentines chose another path."

With roughly 87% of the votes counted, Milei has 56% of the tally versus Massa's 44%, according to Bloomberg.


Trading quietly through most of the weekend, bitcoin (BTC) began rising late Sunday afternoon on chatter about a strong showing for Milei. Following Massa's concession, the crypto currently is higher by nearly 3% over the past 24 hours to $37,350.

"We have to understand that the central bank is a scam," said Milei earlier this year when asked about bitcoin. "What bitcoin is representing," he continued, "is the return of money to its original creator, the private sector."

Milei to this point, however, has not gone as far as proposing making bitcoin legal tender. He's instead calling to eliminate the country's central bank and dollarizing an Argentine economy that's been walloped by inflation that reached 142% in October.