Yes, plenty. I'll get at it on the bottom of this post.
Yes. Be EXTREMELY mindful of where you stake or lend on. A lot of the platforms have been hit with hacks. I wouldnt lend out BTC, ETH or any other primary crypto coins on anything other than Gemini or Coinbase. They're both secure and are insured. Neither one require you to wrap the coin in some native token.
I stake some other random coins on a few various chains, but these are all a step above what I would call pie in the sky coins. I have an ok amt of them that I wont miss if I lose. They're also coins that are a step above shit coins and have APY's in the hundreds or thousands.
Short answer- do not wrap or lend out BTC on anything other than a major US based exchange.
ok, so when the 1% owns as much wealth as the other 99% of our population, does that make you not want to invest in traditional assets? Of course not. There's also flaws to this ongoing FUD in that these "statistics" always include what Exchanges hold, as well as the people who leave their BTC in wallets on exchanges, so yeah, the number is going to be skewed. Lets not also forget Greyscale, Galaxy, Marathon or any of the "trusts"
So let's say "your guy" was right, wouldnt it have started already? Wouldnt there have been massive liquidations from these whales in the past year at 20k, 30, 40, 50, 60. 65, etc? Before you say that the price has dropped after reaching highs, know that on-chain analysis shows that whales are not selling.
Now lets play devils advocate here and say the drop in BTC in May was triggered by whales selling (it wasnt), the whale holdings recuperated back to levels before the drop and the price also rebounded to where it was before then.
Whale addresses are all public on the chain. Let's say Michael Saylor or some other whale decides to sell. His first step is move it from cold storage. Since the blockchain is public, guess what is seen to the world; that transaction.
Are whales going to cash out when they see fit, 100%. You seem like a relatively black and white person, why drag yourself down the speculative narrative that the Wells Fargo winner is pushing. Wouldnt you want to press for facts get more info, etc? I know I sure as shit would want proof if someone I trusted was making such a bold claim
The Amazon /Ecomm comparison comes from the stock price history and relative youth of BTC as an asset. Amazon saw tremendous volatility in stock price in the early days.
Hope you're doing better!
Lol - no. He's been dismissed time and time and time again.
LOL to this quote - Please show me somewhere that validates this claim.
A few more than 4 people, but ok. There WAS plenty of supportable analysis that supported this, all based un multiple on chain metrics and other pricing models, but hey I guess that doesnt count.
And yes, it sure looks unlikely that it will hit that level, thanks to greed in people overleveraging long or short positions.
Nobody's fooling anyone here. Regulation = validation. Regulation allows for buy in from pension funds 401k, etc, GREATLY "helping" the asset class.
There's millions of ecommerce stores, many trying to sell the same thing as one another. Does that make sense to you? Just like there's no barrier to entry in opening an ecommerce store, there's not one in starting a coin. Its open source code. That doesnt make it right, it is what is is. How is people putting momey into shitcoins then WSB apes putting money into their "stonks"? It's really all speculation.
He announced in the summer he was developing a massive open source dev kit to sit on top of lightning. This was just announced and its huge and deserves more publicity.
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So yeah, the odds of 100k happening this year is less than 5%. Oh well. I was extremely hopeful and optimistic that would happen, but greed happened. nearly 1/4 of all leverage in the BTC was flushed out last week.
Not sure how long this trend needs to continue before people realize it's a losing prop to over leverage a long or short. BTC is going to keep trading sideways until people stop these positions.
Dylan LeClair who writes for Bitcoin Mag has this great thread on the conditions of the market.
And for those looking to get much more tehcnical, here's Checkmate's Week on Chain video for Glassnode.
Long and short of it (pun intended), my belief in BTC has not wavered and I continue to buy more.
