OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
I have a new ledger arriving today. This is my “taking profits” ledger. More of a psychological thing but will set it up, connect to nothing then store it away. I’ll send realized profit in usdc and btc that won’t be redeployed into the market.
More signs that Coinbase is going to win their case against the SEC…
Staking revenue with an ETH ETF would be a game changer! Crypto dividends. LOL.
FYI, Coinbase has been staking Ethereum and Solana along with some other coins for quite awhile. The only issue was you had a 2 week lag period if you wanted to unstake your Ethereum.
If you had coins staked prior to the NJ ruling you were able to leave them staked. You are unable to stake any additional.
That’s right. If you already staked, you were allowed to continue it not add any new staking
bullshit. He should have gotten longer. He bribed politicians and willingly defrauded millions, then proceeded to circumvent the law.
I don't know. 25 years for a non-violent crime is pretty tough. More would have been fine, but this wasn't a slap on the wrists.
Dude attempted to wield influence over 50% of EE's in the country. And defrauded millions of people and tried to usurp the legal process. Sorry, he's a POS who deserves more.
I was staked in ATOM, and this was the deal for a month or two, and then I stopped receiving the staking yield. I de-staked.
Do we know NJ's argument against staking?
Weilding influence is not a crime.
Defrauding is obviously. And for that he got 25 years. You can literally kill people and get less.
NJ's argument is probably.....we are too stupid to understand staking, so nobody is allowed to do it.
The crypto market has been pretty chill for the past few days. I have several open buy orders awaiting the next dip. :)
Coinbase facing state, federal actions over crypto staking program (updated)
New Jersey's Summary Cease and Desist Order calls for a $5 million penalty against the cryptocurrency asset trading platform for the sale of unregistered securities.
njbiz.com
Sounds like COIN is giving the SEC and NJ the middle finger. Lots of indications that COIN will beat the SEC in the court case.Coinbase facing state, federal actions over crypto staking program (updated)
New Jersey's Summary Cease and Desist Order calls for a $5 million penalty against the cryptocurrency asset trading platform for the sale of unregistered securities.
Sure hope nobody invents a way to short BTC (or have they😏?).🧅😂🤷♂️🤔 Bubble-bursting has historically made some of the biggest fortunes.
You can short BTC and other cryptos on Coinbase. This is via futures trading and is rather clumsy (but it's something). You can also quasi-short BTC by shorting or buying puts for Microstrategy. That's probably a better way option.
Plenty of places to short it. It’s been a painful strategy over the last year or so. Its time will come again, but certainly not something I’d try to time. Much more enjoyable to make the money on the way up.
To your point (link below)…. I also remember talk of shorting $coin either here or in the Stock thread several months ago. That too has been a painful endeavor to this point.
MicroStrategy most squeezable as crypto short interest climbs
Short interest in cryptocurrency stocks has surged, putting bitcoin miners MicroStrategy (MSTR), Coinbase Global (COIN) at risk of a short squeeze. Read more here.
seekingalpha.com
I considered shorting COIN via puts. Luckily i did not.To your point (link below)…. I also remember talk of shorting $coin either here or in the Stock thread several months ago. That too has been a painful endeavor to this point.
MicroStrategy most squeezable as crypto short interest climbs
Short interest in cryptocurrency stocks has surged, putting bitcoin miners MicroStrategy (MSTR), Coinbase Global (COIN) at risk of a short squeeze. Read more here.
At some point it’s probably a good option though. Especially with volatility so low.
Last edited:
SOL back over $200 and BTC over $70K. After a few weeks of consolidation, is the market getting ready for the next pump?To your point (link below)…. I also remember talk of shorting $coin either here or in the Stock thread several months ago. That too has been a painful endeavor to this point.
MicroStrategy most squeezable as crypto short interest climbs
Short interest in cryptocurrency stocks has surged, putting bitcoin miners MicroStrategy (MSTR), Coinbase Global (COIN) at risk of a short squeeze. Read more here.
The longer the consolidation, the more violent the move up. It seems to be close
If those morons HODL, it would help close the deficit in a few years. :)
Coinbase win again. One case down, one more to go (versus the SEC):
They are beyond a joke at this point. Can’t even get a clear pump and dump charge to stick…
Charges dismissed against N.J. social media influencer accused in stock scam
Charges were also dismissed against six of his seven co-defendants by federal judge in Texas.
I’ll make an unpopular call that the all-time high for BTC will not be higher than 150K…and if it ever hits 150K look out below! And on a related note, Anthony Scaramucci is going to have to get a real job someday!
Last edited:
So it won’t go up by more than 115%, but if it does it will then go down. Sounds like you’ve got all of the bases covered with this
Is BTC worth $3 trillion to you? In the long run it is likely worth nothing.
I gave it some room to run due to ample liquidity and FOMO running rampant allowed it to achieve ATHs. I honestly think it will take many years to hit 150K if it ever does at all however.
More. A lot more. We're just scratching the surface of institutional investment. Between the ETF's, halving, and the upcoming FASB accounting change we've only scratched the surface.
ETF's continue to see inflows, despite GBTC bleeding out.
Halving creates a supply shock unlike anything.
FASB makes it easier for corporations to hold btc on their balance sheet.
There's been a Bitcoin saying for some time gradually then suddenly. We've witnessed a lot of gradually...
... suddenly is coming. 250-450k would NOT surprise me this upcoming cycle.
And yes there will be drastic pullbacks as people take profit.
Is there a level where you would take BTC profit? I'm of the mindset to hold and add during the next bear, but I probably should at least pull out my principle and let the pure profit ride.
Similar threads
