I'd rather let people try it and tell me what they think, for now. Do you have a trading view account?

Yea I do have tradingview.

That would be thanks to the bureaucRATS at the SEC protecting us poor imbeciles from getting swindled into earning decent interest on our holdings due to market competition.

Also, see Circle and why Coinbase allows it in many markets outside the US.

I sure love it when the regulators really hand it to the fat cat elites!
Also, don't forget to report your $600 Etsy transaction.

I do not have one but I'll look into it. Thanks!

Thoughts?

ThreatLevel: Midnight said:

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Yea I do have tradingview.

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Same

Ripple is not going to replace SWIFT. It's a sh*tcoin.

This is the working theory that I've been going off of for the past 6-9 months.
My assumption was the SEC was jamming XRP up in court to leverage them into helping design/consult on the new CBDC system to then be rewarded by proprietary integration into XRP.
I suspect you'll start to see congress members disclosing/buying Ripple stock soon enough.

This seemed logical as Ripple is one of the few fully fleshed solutions with a traditional corporate structure that can be used as an influence/leverage point. As opposed to Bitcoin/Ethereum etc. that are mainly supported by a small core team, some endowments/foundations and a 3rd party / volunteer dev support ecosystem etc.

It seemed more logical as more foreign countries began using Ripple to roll out their CBDC tests.

I agree it's a ****ecoin from the perspective that it's essentially the antithesis of every benefit/principle most cryptocurrency espouses. I think functionality it's exactly what the Fed is looking for.

Pretty good assessment. I have has similar thoughts about outside involvement but instead of the government, I was leaning towards banks.

Based on a few podcasts/articles I've come across It may end up that way initially. At least In the US. It sounds like there is far too much corporate influence to cut the big banks out of this process. They want their taste here.

A rough corollary would be similar to the process of registering/applying to start a prime brokerage/bank. Essentially the megabanks (WF, BoA, JPMC, Citi, etc.) would register/apply to handle custody & manage flow/data reporting on the stablecoin assets that would be issued and monitored by the FedReserve. They would essentially be doing the onboarding for the private clients that wouldn't be able to figure out what the hell they're doing to setup and access their new US CBDC.
The technical infrastructure development & support would come from the Ripple team/NSA etc.

Crossborder payments/settlement for corporations is where the real advantage is for mega corps. Providing the functionality for domestic control/use to retail consumers is more of a loss leader necessity required by US Gov. in order to play in the big game for the above mentioned.

Anyone invest with Ember Fund? It looks essentially like managed crypto index funds. They offer various crypto portfolios that focus on different things like defi, the metaverse, NFT, etc.

Looks interesting.

https://emberfund.io/

I aped big into ape. This has the making of a shiba run.

thoughts on how high BTC will eventually run?

at what levels will you be selling?

TxAG#2011 said:

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I aped big into ape. This has the making of a shiba run.

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I just purchased some too. I THINK you're the guy who was talking about AMP last year and that really worked out for me….so I figured "what the hell".

LMCane said:

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thoughts on how high BTC will eventually run?

at what levels will you be selling?

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1) Bitcoin Thread.
2) 10 bajillion Schrute bucks. Or 100 quintillion Stanley nickels.

Whales are on the move. $39.4 million BTC was just transferred onto Gemini and $21.1 million BTC was just transferred onto Bitstamp. Both occurred around 11 cst. Not sure how to interpret but both moved on exchange-linked wallets

ThreatLevel: Midnight said:

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10 bajillion Schrute bucks. Or 100 quintillion Stanley nickels.

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which is potentially the ratio of unicorns to leprechauns

Whale watching always interests me.

Correct me if I'm incorrect hereBTC flowing into exchanges signals the whales expecting a price run to the upside correct? They move onto exchanges to be able to sell and take profits ?

Conversely, BTC outflow from exchanges signals longer term holding correct?

BTC will be $100k by end of 2023....

Can someone help me with staking ETH? I have a nano hard wallet. I use ledger live. All the searches indicate this is simple but I don't seem to see them option to do this on ledger app.

Actually just did this today. Click on your ETH account (I have it starred in the bottom left corner already) and then at the top right there are 6 buttons that allow you to send, receive, buy, swap, stake, or connect another wallet.

Definitely Not A Cop said:

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Actually just did this today. Click on your ETH account (I have it starred in the bottom left corner already) and then at the top right there are 6 buttons that allow you to send, receive, buy, swap, stake, or connect another wallet.

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Thanks. Do you need to be connected to your hard wallet? Because I'm not seeing a stake button - only send and receive..

Jay Reimenschneider said:

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Definitely Not A Cop said:

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Actually just did this today. Click on your ETH account (I have it starred in the bottom left corner already) and then at the top right there are 6 buttons that allow you to send, receive, buy, swap, stake, or connect another wallet.

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Thanks. Do you need to be connected to your hard wallet? Because I'm not seeing a stake button - only send and receive..

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Yeah I had to have it plugged in. I have the nano S, the one that you have to plug in for basically everything.

Having a hard time thinking about staking rewards. Let's say you stake for a 5% return and in that same time the coin itself goes up 10%. What's your return, 15.5%?

5% + 10% + (10%*5%)

Drawkcab said:

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Having a hard time thinking about staking rewards. Let's say you stake for a 5% return and in that same time the coin itself goes up 10%. What's your return, 15.5%?

5% + 10% + (10%*5%)

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The only pragmatic way I see ro tax is when staking rewards are withdrawn or traded. They then become realized gains and can be taxed at the current price. It makes zero sense to tax the reward percent if the asset increases in price at time of withdrawl, unless thwy are going to tax us twice.

Definitely Not A Cop said:

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Jay Reimenschneider said:

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Definitely Not A Cop said:

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Actually just did this today. Click on your ETH account (I have it starred in the bottom left corner already) and then at the top right there are 6 buttons that allow you to send, receive, buy, swap, stake, or connect another wallet.

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Thanks. Do you need to be connected to your hard wallet? Because I'm not seeing a stake button - only send and receive..

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Yeah I had to have it plugged in. I have the nano S, the one that you have to plug in for basically everything.

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I had to put in a help order. There's no option, connected or otherwise, on the app for staking ETH. All I get is buy, sell, send, receive and "wallet connect", whatever that is.

I have nano X

JD Shellnut said:

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TxAG#2011 said:

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I aped big into ape. This has the making of a shiba run.

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I just purchased some too. I THINK you're the guy who was talking about AMP last year and that really worked out for me….so I figured "what the hell".

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Me too. I'm almost back up to break even. Need it to SHIB away now!

Anyone use Cointracker for their taxes? Is it safe?

I have a few different exchanges and need to get reports for all of them.

ThreatLevel: Midnight said:

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Whale watching always interests me.

Correct me if I'm incorrect hereBTC flowing into exchanges signals the whales expecting a price run to the upside correct? They move onto exchanges to be able to sell and take profits ?

Conversely, BTC outflow from exchanges signals longer term holding correct?

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I tend to view the removal of BTC from an exchange as a reduction to sell side pressure, which allows the price to increase more easily.

And we have more whale sightings this morning as someone just moved 1,001 BTC ($42.7M) off of Coinbase. And another moved $37.9M of BTC from a hard wallet onto Binance. And not to be outdone, yet another just moved $44M from an anonymous wallet onto Coinbase.

Lots of big money moving today as the price is moving

I figured out my ledger issue. Tech support said that staking had to be done on the desktop version.

Another question! On ledger live, what is that percentage in reference to? Right there below the dollar value of your asset. It seems tied to that bar to the left. What are those for? Tia!

% is the relative value change of your crypto (in dollars) over the span of the graph chosen (day, week etc). The number includes debits/credits over that span so it's not just the change in the market value.

To further the topic of jeremy's indicator (called Tree Frog), any recommendations for crypto trading algorithms?

For perspective, I consider myself more of a HODLer (~70-80%), some modest amount of short to mid-term trading (~20-30%), but certainly not a true day trader (0%).

I've read some about CoinTelegraph Markets Pro's VORTEC'S Score "AI-powered" algorithm and wondered if anyone had experience with it or similar models. Again, my interest is more about near to mid-term trading tools not day-trading, and for a modest trading strategy.

DGB finally waking up again