Crypto-trading thread

1,369,201 Views | 11919 Replies | Last: 4 days ago by @NFLPlayerProps
jamey
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Yukon Cornelius
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This narrative will continue to grow. As I understand it though the network can be upgraded to be resilient with one major problem.. satoshis tokens would be vulnerable.

Maybe someone else can answer this question because I have no answer as to why BTC gets the majority of focus when talking about quantum computing vulnerabilities. Wouldn't all of our banks and brokerage accounts etc be even more vulnerable with higher total values? If you steal people's dollars it's still dollars. If you steal BTC it'll go to zero.
jamey
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Ive seen where 20 to 30% of BTC is in old, inactive wallets. If those wallets are not logged into and upgraded then they could not be quantum resistant / upgraded
Yukon Cornelius
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Ya. Would be problematic
jamey
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Yukon Cornelius said:

Ya. Would be problematic


And Tom Lee is starting to point it out

It sounds like the only hope would be if Satoshi and whoever else is in this boat put their BTC access in their will so they could upgrade the wallet one day when its necessary or they arent dead yet
Yukon Cornelius
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Years ago someone moved 50 btc from one of the original mined blocks. Market immediately dumped because people initially thought satoshi was moving his coins. Kind of funny.

I'd be curious who people thought satoshi was/is. Fascinating topic to me
jamey
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Willy Woo thinks quantum is whats driving this falling price

Hard to imagine Satoshi never thought of quantum

Client says 75% chance lost coins will not be frozen by a hard fork. So quantum could bring them back. He says 4 million BTC need to be priced in


Heineken-Ashi
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Failed to hold the low. Best case is this holds a higher low than $65k, but I now see nothing reliable to the upside.

Yukon Cornelius
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Seems to bounce up a little. You're previous thoughts still valid with this bounce even though it went below the 67.2 mark?
jamey
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I went ahead and sold some higher priced IBIT lots for a small loss. Between the quantum issues that wont be solved anytime soon and with ETH / stablecoins infringing on the money use case I'm going to diversify a little more
Heineken-Ashi
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Yukon Cornelius said:

Seems to bounce up a little. You're previous thoughts still valid with this bounce even though it went below the 67.2 mark?

Too deep for my liking. Possible it goes higher, but there's too many other possibilities now. It is clear that this corrective behavior. Meaning I would be shocked if this is the start of a bull run to new highs.
Yukon Cornelius
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Appreciate the input
ag94whoop
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Different feel than last week.
I'm sitting on big losses in IBIT that I hadn't expected 2 months ago and wasn't hedging against so I'm sitting here trying to figure out if I just let it ride or dump and take yet another ugly loss over the last 6 months. I took significant hits with MSTY last year. Luckily with MSTY while I made the mistake on dripping it, at least I only lost some on the actual stock I bought. Worst part was paying taxes on income from a stock that lost money. Once I get out of IBIT and FBTC (whenever that will be) I am walking away from crypto.
fauxstradamus
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Just caught up and there is a lot of blood in the streets in this thread. My opinion, and take it for what its worth, is that if you believe BTC is going to fail then get out. If you believe this is a bear market and the long time frame thesis and value of BTC is still intact, then now is the time to DCA. Don't think you can smash buy the bottom because you will miss it. I've personally increased my DCA buys and will continue that until we cross 75-80k at which point I will be watching from the sidelines with a bigger stack than I thought I would have before this bear.
jamey
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jamey
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Wonder if this impacts ETHA price as people switch to the yield generating version


Yukon Cornelius
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Interesting question. In theory it shouldn't right?

Also I'm planning on switching from ETHA to their stakes version unless option premiums are better either way etha.
jamey
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Yukon Cornelius said:

Interesting question. In theory it shouldn't right?

Also I'm planning on switching from ETHA to their stakes version unless option premiums are better either way etha.


I agree in theory it should follow the price of eth, but a lot of people will switch in short order. Between that and the way these crypto etfs never follow hour by hour because the crypto they follow is always open and the ETF has to catch up, probably be some arbitrage in there somewhere
jamey
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BTW, with today's generally down crypto market THAR was up 6% and HBR up 4.5%
Rustys-Beef-o-Reeno
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Thar going to become CNTN
Yukon Cornelius
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Ya. I think we are seeing the effects of adoption. Real usable chains will get tremendous market share and everything else obliterated. Eth IMO is a caveat because it's so correlated to btc it's suffering short term. But blackrock is continuing to buy eth, BMNR is continuing to buy, lowest levels of eth on exchanges and highest level of staked eth ever.
Yukon Cornelius
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Very nice. They need to unlock option trading on it. Probably going to increase my position
Yukon Cornelius
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My technical astrology is subpar but to me it looks like canton is about to rip on th daily candles
Yukon Cornelius
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Said they are making a million dollars a day
Yukon Cornelius
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Yukon Cornelius said:

What I assume is the play is for BMNR to become the defacto validator for all institutions. Typically if you make a transaction on ethereum you submit the transaction and broadcast it to all the miners with a fee. The fee is determined by current market rate. A miner/validator will then submit/run your transaction in the blockchain for the fee.

What happens is if transactions volume is up fees can be outdated by the time you set it and broadcast it. Which then miners don't run your transaction etc.

Plus it creates unpredictability for the fee etc.

So what I suspect BMNR will do is offer a pre agreed upon fee with institutions independent of the market fee rate.

The institutions will have their own dedicated validator with consistent pricing. BMNR will have consistent volume.

It's a win win and BMNR will bank.



I hypothesized this back in November. Tom Lee announced a subsidiary that will do this.

In this presentation he mentions also with this subsidiary running……. Canton validators.


jamey
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I guess he's going to be accumulating Canton along with ETH
Yukon Cornelius
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He's going to get paid a fee to help other institutions stake their crypto. What's great is because he mentioned canton means the institutions he's talking to about their staking needs and wanting to stake canton
jamey
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Yukon Cornelius said:

He's going to get paid a fee to help other institutions stake their crypto. What's great is because he mentioned canton means the institutions he's talking to about their staking needs and wanting to stake canton


Does that also mean he will also stake other institutions ETH. We need more than Tom to buy ETH
jamey
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Yukon Cornelius
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Yes he will. Like I predicted.

He is buying eth every week.

Eth fundamentals have never been better. Price suppressed because BTC dumping. Record low eth on exchanges. Zero unstaking in Que. record number of staked eth. 80 million eth in staking Que waiting to get staked. That'll push it to nearly 50% staked.
Yukon Cornelius
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All other Eth dats will die. Tom mentioned acquiring some of them for cheap eth
Yukon Cornelius
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Yukon Cornelius said:

Right. We are kind of talking about two separate things.

My point was BMnR is not just a treasury company like MSTR. They will provide and an incredibly important service to the institutions by being their dedicated validator.


See here. BMNR via MANVA is doing exactly what I hypothesized. It's becoming more than just a simple DAT. It's going to have really impressive cash flow by end of 26 I think. BMNR IMO is massively undervalued.

Rifht now before all their eth gets staked, it takes time, and before MANVA goes completely live BMNR is making one million dollars a day, with no deb and very little overhead.
Heineken-Ashi
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Man, Tom Lee has been dead wrong almost every time he opens his mouth. I think BMNR is going to get obliterated and yall need to be super careful here.
Yukon Cornelius
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I understand you don't like him but him aside. Just looking at BMNR, it's generating really strong revenue with very low cost and no debt. And the cash generation is increasing everyday.
jamey
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Heineken-Ashi said:

Man, Tom Lee has been dead wrong almost every time he opens his mouth. I think BMNR is going to get obliterated and yall need to be super careful here.


Do you think Ethereum will not be adopted by institutions, or that valuation of eth just won't go up even of its adopted?
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