Are members invested in Bitcoin/crypto?

I consider BTC as another risky asset that has a chart which can be traded technically. Fundamentally I don't grasp it either. If I want fundamentals I'd stick to stocks.

Btw if BTC crashes further / enters bear market, $MARA stock could be worth a look. It's a Bitcoin mining company. Stock went from $0.50 (Covid crash / crypto winter) to $80 peak when BTC hit $69k (Nov '21). $0.5 to $80, Insane gains. Now it's back to $20 and I wouldn't be surprised if it drops to $0.5-$2 again in bear market.

At times like these its best not to look at your portfolio.

Ah wtf? I was all prepared for doom and gloom saw futures down 500 this AM and crypto tanking but I’ve been busy today didn’t have a chance to follow along. Get in my car nasdaq up 400 at closing and blue chip crypto climbing 6%. I don’t get caught up in the macro but it was the last thing I expected. I listen to the talking heads spouting their expert knowledge and they were saying “end of world stuff” man this just doesn’t make sense sometimes

So little is making sense in general right now, Aussie dollar and markets are up and down like a yo-yo here

Ya it’s insane. I consider myself fortunate when I was younger a friend of mine who ran a brokerage thingy mabob hired me as he was expanding from NY into CT. It was then I learned there are a class of people who make millions if a stock moves as little as 2% a day. I knew nothing but he had me in the thick of things helping out. I was early twenties and eager to learn I really got into he and he gave me a lot of knowledge. Like not me getting into the 1% class but I was able to make it a side gig and make some pretty ok moves. I’m a small fry probably just nickel and dime stuff compared to many here but it kinda helps me be able to do work I like and find interesting. But to say I fully understand it would be an outright lie. Add in crypto darn forget about it. That was just lucky timing for me and again small fry stuff. The market really doesn’t work as it’s supposed to it’s been propped up by the fed so long (US I’m talking) but the past ten years were quite amazing it’s funny that taking profit can sometimes be one of the more difficult things but as long as I keep it as a side hustle, never use margin, don’t follow hype (for too long) it’s been working, but everything works until it doesn’t and I know I am no Warren Buffet and do not foresee that happening this lifetime.

It’s probably safe to say there is little chance of life in our solar system besides earth although Europa seems like a possible contender. Now if by some weird chance we are the only planet with life in the universe which IMO is unlikely it being so vast and the amount of planets within proper distance from a sun to support life “as we understand it” is a larger # than the national debt but if by some off chance we are the only planet in the universe with life the thought of how precious life is becomes incalculable. (All life is precious regardless don’t get me wrong) but if we are alone in this massive space around us it makes it even more disgusting how cheap we treat life. Damn see I start talking like this now I’m thinking I should become a vegetarian. Damn I’m leaving this subject alone it’s way too much I hope Elon or somebody hurry up and find something so I can enjoy a burger again.

Oh received a call this eve a colleague at work has relatives in Odessa in Ukraine. We had talked about it early today and said he was going to try to get “info from the ground”. Apparently things are tough. I had read prior Ukraine is pretty high in crypto adoption apparently due to a tech savvy younger generation, an unstable banking system, no stock market and housing is general too expensive for many. In a way crypto has “banked” some of the “unbanked” around the world. Anyway he was in a bit of a panic not a crypto guy asking me if I could guide him through the process of setting up a wallet as he was eager to send them some crypto. I told him we can meet Saturday at work and asked him to send me this couples wallet address I will cover him until then. It wasn’t a lot and this guy was instrumental in getting me into this side job I have so i was more than happy to help. Made me feel good as well as this Ukraine thing had me bummed out and it’s not like I can do much about it. So I just sent some crypto to a war zone I think it cost me 2.78 cents in fees. I can scan the block chain make sure they got it. (They did) that would be nice if it makes what gotta be terrible situation a little easier but I doubt it’s that simple, nothing usually is. Unfortunately he already pay pal me the money I would have split it or just let it go but it probably made him feel better like I said it wasn't a lot and it’s cool in a way as this is one of the type of situations in its essence Bitcoin was made. I just sent stored electricity across the world at a low cost and I really hope it helps to alleviate some suffering but credit to my buddy I was just the conduit


Retail investors are interested in crypto as there are not many other options for savings and passive income in Ukraine. The economy is small and there is no national stock market. Banks often fail and investing in real estate is too expensive for most people, Chobanyan said.





Crypto, on the other hand, has a low barrier to entry, easier compliance requirements and is safer than just holding onto cash.

https://www.cnet.com/google-amp/new...starlink-in-ukraine-amid-internet-disruption/

Pretty cool musk activated starlink for Ukraine is is sending more access points. Merely put it here as I have mentioned Starlinks potential ipo prior here.

https://decrypt.co/93898/ukraine-bitcoin-war

I’m not big on articles from this site put the Washington post article is behind a paywall thus at least on a few points of interest brought up recently

For anyone interested there are two wallets one eth one Bitcoin that have raised thousands of each coin to support the Ukrainian populace. I checked the addresses everything legit but I would rather not post the addresses here incase some malware changes a letter but they are easily found with a search at which point you can see everything going in and out of each wallet.

https://apple.news/A3j5T9BakRPGtT6coGOGxmQ

Musk doing a little more to help I saw a delivery of those starlink access points already in Ukraine I know he gets free advertising for doing these things but I still think it’s cool

tldr; Bitcoin is trading for up to $20,000 above the market rate on Russian exchanges. DeFiprime.com jokingly called this the “matreshka premium,” as a spin on the kimchi premium, a term used to describe the price difference between tokens on Korean exchanges compared to the rest of the world. At the height of the premium, Bitcoin was trading for as high as 50%.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

BTC has rallied 20% in last two days in part due to flood of orders from both Russia and Ukraine.

https://www.bloomberg.com/news/arti...-000-in-tentative-comeback-as-portfolio-hedge

I read that as well but a different viewpoint presented by a “crypto expert” was it was due to algorithmic trading seeing percentage moves then everything starts chasing each other driving it up more. In the WSJ Monday they stated institutional investors have poured 1.4 trillion into crypto while retail traders have about 530 billion in. So it’s prob more likely the institutions are the movers. Hopefully the whales leave us a few crumbs as they pump and dump.

I expect governments will use that, along with the sanctions in place as a reason to further curtain or crack down on crypto in general / apply stronger AML/CTF requirements to exchanges.

I suspect you’re right.