How to store your cryptos?

[SOL]

Ps. I did email TI to ask whether I could pay for lifetime sub. Alas the answer is no..

Sorry about that. Usually, such emails are directed to me but something must have happened along the way. We don't have a lifetime sub yet, but if we do, you will be the first to know. For the slow response, we will give you a 10% discount, you can use this post as a reference

[Yodean]

Let’s take an example, TI decides to have limited number lifetime sub, it sells an NFT for say $2000 each. Owners of the NFT needs to pay $100 annually to maintain the NFT and they will have lifetime sub. An owner decides to quit TI, he decides to sell his NFT to another person who is willing to pay $2500. TI can take a commission of 10% from the sale. Original owner gets back his money, transfers his rights of cheaper lifetime sub to another person. Ok.. maybe I shouldn’t call this lifetime sub but a heavily discounted sub or locked in sub. Anyway now we have enabled trading of rights and benefits through NFT which used to be a pain in the ass to accomplish.

@CryptoNinja: that is a good, practical example of how NFTs could work in business. It'll take time, of course.

******

[symbios]

Sorry about that. Usually, such emails are directed to me but something must have happened along the way. We don't have a lifetime sub yet, but if we do, you will be the first to know. For the slow response, we will give you a 10% discount, you can use this post as a reference

Thanks Sol! Appreciate it!

[symbios]

@CryptoNinja: that is a good, practical example of how NFTs could work in business. It'll take time, of course.

******

Cryptos are moving fast. Plenty of innovation and crossing of ideas from the current system over to their system. The ideas i put out have been implemented in one way or another.

Going back to the NFTs are simply digital art video above, the main point put across was, NFTs are simply links to a jpg file. Buyers of NFTs are buying the links and the jpg files can be “rugged”. I find this similar to buying and owning shares of a company. Share dilution, incompetent management, huge pay bonuses to management, plenty of ways to rugged us. We buy a good quality company and in a couple of years, it doesn’t seem to be good quality anymore. They rugged us!

Now, when there is a problem in the crypto space, it is almost guaranteed that someone will come out with a solution. Introducing IPFS, InterPlanetary File System! This is a distributed file system where a piece of data is distributed globally to different nodes. NFTs have started to use IPFS to counter the issue of having the hosting server going down.

Just to clarify, as a tech guy, I’m interested in crypto technology and it’s implementation. I enjoy reading and understanding the nuts and bolts. I’m not encouraging anyone to be buying crypto or NFTs. I’m encouraging anyone who is interested to look deeper. A lot of the information we find on social media are watered down, misleading or simply outdated. And the crypto space is huge and ever changing.

[Yodean]

[Yodean]

Hmmm, another test for the EBI appears to be brewing.

Current reading: 81%buy/19%sell;

BTC hitting a strong zone of support in the 40k to 42k zone, with possible overshoot to 38k to the downside; short of a Black Swan event, I think this zone will hold.

I've got a significant position in cryptos already, all funded from previous profits swing-trading BTC & ETH proxies, so not looking to add much more, but will probably buy a bit more COIN and HIVE tomorrow.

Fear, uncertainty, and a bit of blood on the streets today ... my kind of markets.

[SOL]

GBTC is still not trading in the extremely oversold ranges on the weekly charts and it is in the Midst of Bearish MACD crossover on the monthly charts. It is possible it could test the gap in the 27 ranges before mounting a rally. However, the odds of bitcoin moving to new highs on this up leg have now dropped to 15%. Let's see it is always good to be wrong, for then it opens up the mind to new concepts unless you are someone that views failure as the end of everything.

[Yodean]

GBTC is still not trading in the extremely oversold ranges on the weekly charts and it is in the Midst of Bearish MACD crossover on the monthly charts. It is possible it could test the gap in the 27 ranges before mounting a rally. However, the odds of bitcoin moving to new highs on this up leg have now dropped to 15%.

Fair enough. The only potential issue I have with using GBTC as a tool for analyzing BTC is that if you examine GBTC's chart and compare it to BTC's, there are some important differences.

Just taking last year for the moment, in BTC's chart, after the beautiful Wyckoff pattern that played out between February and late May, BTC went on to make new highs in November.

On GBTC's chart, the same Wyckoff pattern was there, but GBTC did not go on to make new highs in November.

So, in one chart, new ATHs were made, while in the other, there was a lower high.

Theoretically, a TA purist would view this as a key difference.

[SOL]

Weekly Chart of Bitcoin



Former support has turned into resistance and unless BTC can close above this level of resistance, It is likely to test the lower bands. From a risk to reward perspective it appears waiting would be a better option. If it cannot close above resistance soon it is likely to test the lower band. One could argue that almost any investment is a good investment (minus pure crap) if one has enough time and staying power

[Yodean]

GBTC is still not trading in the extremely oversold ranges on the weekly charts and it is in the Midst of Bearish MACD crossover on the monthly charts. It is possible it could test the gap in the 27 ranges before mounting a rally.

@BossNinja: good call, dude.

Of course, I'm buying a bit more, lol. My SMOAB (Stepmother of All Buys) has once again been triggered.

EBI: 83%buy/17%sell;

The next two weeks are going to be nutso volatile, but my base case atm is some sort of BTC rally between February and May of this year.

Let's see if my newest crystal ball breaks or not ...

[Yodean]

https://youtu.be/ZFA0U5Z9qCI

*****

About 20 minutes, suitable for listening @ 1.25x to 1.5x speed, slower in other parts.

Half-decent and in layman's terms.

Touches on encryption, crypto storage, quantum computing, hacking and cybersecurity issues as they relate to blockchain. Lots happening in the space.

[SOL]

The monthly chart of GBTC




It has moved rather rapidly into the oversold ranges and could move into the extreme to insanely oversold ranges very soon. This indicates that things could unfold in the following manner. A move up to the 36 to 39 ranges and then a hard move down (selling climax) which will pave the way for a long term bottom and a challenge of the 51 to 55 ranges

[harryg]

April 26 (Reuters) - Fidelity Investments said on Tuesday it will allow individuals to allocate part of their retirement savings in bitcoin through their 401(k) investment plans, becoming the first major retirement plan provider to do so.

https://www.reuters.com/technology/fide ... 022-04-26/

[Yodean]

https://finbold.com/london-to-nyc-the-t ... -revealed/

*****

The Trend is your friend, even if she happens to live in some particularly Neo-marxist neighborhoods ...

[harryg]

https://www.markettradingessentials.com ... -the-test/