Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

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JohnnyBravo300 said:
A Russian wallet? I thought cryptos were untouchable if you hold the keys?
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As @heartastack pointed out, they’re hosted wallets on exchanges. You probably know a wallet is just an address on the blockchain. Your public key is your address, your private key is what gets you access to the data stored on the blockchain at that address.

If you have a wallet on an exchange you don’t get the private key, Binance for example keeps custody of your data on your behalf.

If you have a software wallet or a hardware wallet and have the private keys for them then they’re not custodial wallets and only you can access the funds.

Unless of course you write down the private key and store it on the Cloud lol
 
another test incoming...time to see how the support withstand the air pressure again, for bitcoin
 
I bought some more link at $18. Was wondering on people's thoughts on Stacks (STX) now that it's around $1 USD? It seems almost too good to be true that you can stake this and earn BTC...
 
Polar.bear.Stacker said:
I bought some more link at $18. Was wondering on people's thoughts on Stacks (STX) now that it's around $1 USD? It seems almost too good to be true that you can stake this and earn BTC...
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I've been holding it for a while, the ability to create smart contracts on BTC, staking to earn BTC another though I haven't done that yet. My only concern is the amount of pre-mined tokens handed out to insiders. There is always the temptation for the devs to pump and dump when that happens.

Prior to this big drop it traded in a pretty predictable USD2 - USD2.50 range. Having the SEC approve it as a security rather than a utility token has introduced some roadblocks apparently. There is more upside IMO.
 
Coinbase blocks 25,000 Russian-linked crypto addresses

Paywall - The Australian for the full article.

Quotes are The Australia, underline is my emphasis on important and interesting phrasing

"The change said the accounts were discovered through its own “proactive investigations” including using ”sophisticated blockchain analytics” to detect addresses indirectly linked to banned users amid the ongoing invasion of Ukraine.
The company said the 25,000 blocked accounts were “related to Russian individuals or entities we believe to be engaging in illicit activity” and have all been shared with the US government to “further support sanctions enforcement.”

Concern is based around cryptocurrency transactions worth more than $US100,000 ($A136,441) that swelled from $22bn to $88bn in the two days after western countries blocked Russia from the global SWIFT payments network on 26 February, according to a report by the Australian Computer Society’s Information Age.

“High net-worth criminal ‘whales’, like the Russian oligarchs targeted in the current sanctions, are currently holding more than $34.5b ($US25b) in cryptocurrency, according to a new Chainalysis report that identified 4068 criminal whales.”
 
Bitcoin might rebound from 28-29 k, rabid crypto speaker Hans says:


The good part of the video is from around 3:00. It might keep dipping, but due to the current social-economic-financial-WAR condition, he might be right: it might start rising.

The question now is: buy smaller coins (with sub-1 $ "crap price") with high upside potential or buy Bitcoin/Ethereum or second category coins like Solana/Terra?
 
wrcmad said:
Government regulation is not predicable (well... at least the exact timing of), but looks to be slowly gaining traction.
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Blind Freddy could see this coming:

President Joe Biden’s cryptocurrency executive order leaked a day early

The US government has accidentally leaked its plans for cryptocurrency a day before it was set to make an official announcement, according to reports.

For the first time in US history, President Joe Biden was going to release an executive order on cryptocurrency and how it will be regulated in the US on March 9 local time (later tonight on Australian time).

https://www.news.com.au/finance/bus...y/news-story/94ec445c35b6f3f9af8eff29a1ebf15c
 
mmm....shiney! said:
I've been holding it for a while, the ability to create smart contracts on BTC, staking to earn BTC another though I haven't done that yet. My only concern is the amount of pre-mined tokens handed out to insiders. There is always the temptation for the devs to pump and dump when that happens.

Prior to this big drop it traded in a pretty predictable USD2 - USD2.50 range. Having the SEC approve it as a security rather than a utility token has introduced some roadblocks apparently. There is more upside IMO.
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You were right. I bought a bit last night at 1.07
 
If this is true - "a devastating bear market is coming, not a pullback", then I imagine the crypto market will behave the same way. It is going down. This explains the profusion of YouTube videos by teenage "armchair experts" stating that "X coin is going to da Moon", "Bitcoin will be 1 million $"... all of that cr*p is being pumped by people who have a vested interest in making people jump aboard a sinking ship.

For some odd reason I think the "crypto correction" is far from being over.
Just by looking at the US market charts any idiot can see at least 50 % "potential" to go "impotential".

My guess: don't watch too much "wishful dreaming" of crypto going to the moon. If the stock market is going down, crypto is going down too.

Bitcoin and Ethereum are just "bouncing".
 
Weve got major issues in the markets now.
Justin Biebers wife has a vax injury and is stroking out. Stay tuned for words from General Brandon.
 
Im waiting until after the big 20k drop, then ill jump in. Huge bear flag forming now and looking shaky.
Looks like a bull flag forming in oil for the next leg up.
 
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