Bitcoin
How many bans does it take to ban something? I am pickled. China's recent crypto ban is the same ban of Sept 11, 2017; that was reiterated on Sept 15, 2021 via a notice posted on PBOC website but for some fashionable reason it made its appearance in
Bitcoin
Slowly learning to not bother the bears - they smite you even when talking about earning interest in fiat. Honestly, the wash-up last week was great to remove excess leverage and great opportunity for lotto call options if someone was still bullish for EOY. The whole market is clearly looking
DeFi
Coming back to the thoughts of mid-August with regards to ETH and reading some ETH dev discussions since than; there is certainly greater push to get to the merge asap. They are hoping to achieve this by early 2022 through prioritizing merge over new features on current ETH network. Additionally,
DeFi
Crypto is politically very much front, back & centre. Irrespective of the fact that the amendments folks wished for didn't get through; simply the amount of push/pull that the activists and the crypto lobby threw at the infrastructure bill is testament to the future political battles. The
Ethereum
While market is celebrating the ETH's London hardfork and watching the burn numbers (i.e. how much ETH was destroyed thus supply decreased since fork) and usual mania I am going to try to write some thoughts on Bitfinex and the players on it. Who iFinex Inc founded
Ethereum
Q4 2018 seems to be very up-front in mind seeing current price action.... can we make it another 30% down? musings: If BTC drop; watch the floors of all others including ETH....meme: does EIP1559 == ETH @ $1559 Don't also forget now there are many ways to be short
Ethereum
Just like how we usually see oil rig counts adjust downwards as price of oil tanks; similarly the mining power is adjusting to price expectations. As a consequence of this + continuation of miner migrations I would expect there to be a 5% drop in difficulty adjustment around Sunday 18th July.
Bitcoin
Many folks have estimates of Chinese miner attrition but reality is that the true figure is always a vague range of sorts (some say 50%; some more; others less). Irrespective, the bitcoin network has continued to work as expected. However, if you were a HFT, or a market-maker, or a
DeFi
Rugged, is a term being used to refer to when your investment suddenly goes to zero because of one of below reasons: * original team scammed, took the money & bolted, or * someone found a mistake in code, took advantage of it and ran away, or * mixture of both Mark Cuban
Bitcoin
Not all futures are in backwardation but near dated certainly are. Remaining will find their floor soon after we get a reading on Saylor's latest $500m notes offering. Muted reaction to Saylor's offering is not yet a concern because same thing occurred when he did the
Bitcoin
Anyone still left in crypto? Apparently[1] there is heightened fear and acceptance that BTC top is in for the year but at same time there is a thought that ETH could continue upwards for a while longer[2], however, BTC skew seems to be slowly turning into what is
Bitcoin
I avoid price talk usually but I am sure last week has been one dizzying roller coaster so to confuse matters more... Which way does the dip go? The destination is unknown if we don't follow the memes - we went from super cycle to ESG concerns to
Ethereum
Preface: I am biased towards bitcoin (in all decisions I make) and below are things that make me wonder about future directions. BTC has always been a slow moving juggernaut in the interest of not breaking things; whilst ETH is playful child that is slowly showing signs of growing up
Ethereum
How much it costs to be a miner? Cost of mining equipment - approx. $21k per miner (Innosilicon A10 pro+ 750MH - the most cost efficient miner out there currently). musings: You would need at least 5 of them to make some money ever; so that's $100+k