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Sunday, October 8, 2023
What are your thoughts on a potential Bitcoin ETF on the horizon and would you invest?
I’m fully aware of the controversies surrounding Bitcoin and crypto but I am interested to hear your thoughts on the potential up and coming Bitcoin ETF and trades/positions surrounding it.
For starters, if this ETF gets approved by the Sec (decision expected circa Feb 2024 for Blackrocks Bitcoin ETF for example), there could be some good trades to be made.
For those of you who know a little about Bitcoin, you may also know that the Bitcoin halving is due in or around April 2024. Traditionally, a bitcoin bull market has followed this.
Both of these events coinciding may be an opportunity to stock up on Bitcoin related stocks i.e Bitcoin mining stocks, etf (if passed) and other crypto related ETFs like Van Eck DAPP.
What do you guys think? Will you be making any positions?
SECURITY - The game has changed whilst we weren't looking. Let's show some empathy
There's a lot more to internet security than not clicking on links and cold storage. Villains have upped their game and I'm getting quite p'd off at the general sanctimonious attitude here. Victim blaming and shaming.
Websites can be redirected without you knowing. The most recent event is Galxe but they are probably not the only one.
You can hit your regular site and it all looks the same. The URL is right, the padlock is there, no warnings from your browser etc. However that could be a hi-jacked site. DNS poisoning, man-in-the-middle-attacks being most prevalent.
You could also hit the totally legit site but there are many many other sites the home site has that you never see. Such is the power of cloud computing. A home page sends data to an authenticator which sends data to a login server which sends data to a permissions server. When you connect your wallet data can be sent to many different servers to get your balance, check prices, check fees etc. It's all invisible to you. Then there are chat servers, streaming data (price feeds etc) all coming from sources that you again are not aware of. FAQ sites with hyperlinks are often overlooked.
Anyone of these layers, servers could be hijacked and you wouldn't even know.
Dusting is not only on L2 for fake contract signing. I had a long chat with someone in r/bitcoin about why dusting is valuable to villains. It's a long game of data mining. You could have been dusted eons ago, without you noticing. Much much later, weird things start happening. Social engineering is a thing. Spoofing is a thing. Villains are patient - and they run many many bots. To seek data, examine data, to instruct other bots to act based on data.
So let's start showing mercy to victims instead of assuming they're the idiot.
And let's start asking hard questions of providers - CEX/DEX - about their security protocols. Because most of these new attacks are not about a user being reckless. There are armies out there attacking financial services (not just crypto) and a user can only do so much to prevent it.
Crypto Tools
Investing/managing money is a lot of work and learning. Here are some tools to keep you sharp when investing in crypto:
► The Milk Road https://milkroad.com/daily/the-crypto...
► Axios Crypto Newsletter https://www.axios.com/newsletters/axi...
► Coin Bureau’s Top Research Tools https://www.coinbureau.com/review/cry...
► CryptoPanic https://cryptopanic.com/
► Telegram: Whale Alert https://t.me/s/whale_alert_io
► Telegram: ICO Analytics https://t.me/s/ico_analytic
► Telegram: 100Eyes Crypto Scanner https://t.me/s/CryptoScanner100eyes?b...
► Token Unlocks https://token.unlocks.app/#insights
► ByBit’s TradeGPT https://www.bybit.com/en-US/tools-dis...
► CME FedWatch Tool https://www.cmegroup.com/markets/inte...
► CryptoMiso https://www.cryptomiso.com/
► Crypto Fees https://cryptofees.info/
► LookIntoBitcoin https://www.lookintobitcoin.com/
► Token Terminal https://tokenterminal.com/
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Crypto Slang Terms: Become A Degen And Join Us
I hope you enjoy all this crypto terms that I recollected. I am sure I am missing a lot. Feel free to comment them.
Crypto Slang Terms
- Ape Ape or apeing: when someone buys a token or NFT just after it is launched without a DYOR.
- Bagholder or hodler: A person who holds an assets in a time even if it the price goes down.
- Maximalist or maxi: Person that believes that a coin is the only crypto with value and worth supporting.
- BTD or "buy the dip": Used to encourage buying an asset at a low market price.
- Cryptojacking or cryptomining: A type of hacking that mines crypto in other people's computers without knowing.
- Cryptosis: Someone that doesn't stop talking about crypto and all the information they have about it.
- Diamond Hands: Heroes that hodl their coins through the worst moments. Good.
- Paper Hands: Cowards that sell their coins at the first time of trouble. Bad.
- DYOR or "do your own research": Like it says, learn about a project before investing into it.
- Flippening: Refers to ETH overtaking BTC ast the leader in terms of total market capitalization.
- Flappening: Refers to LTC surpassing BCH in market capitalization.
- FOMO or "fear of missing out": It refers to the fear that investors feel because of they may be missing out a pump.
- FUD or "fear, uncertainty, and doubt": Classic government technique to manipulate people to create a negative perception of something.
- HODL or "hold on for dear life": Refers to not sell a bought coin in the foreseeable future.
- IYKYK or "if you know, you know": Used to tell that only a few will know about some topic.
- LFG or "let's f***ing go!": Excitement! Something like LEEEEROOY... JENKINS!
- Moon or mooning: Big green dildos in a market trend going up.
- NGMI or "not gonna make it": Used for future predictions that will go wrong like selling the bottom even if all market indications says that a coin value is in a up trend
- WAGMI or "we're all gonna make it": Opposite of NGMI and used to give positive vibes and confidence.
- No-coiner: Someone that thinks crypto is going to fail and owns no coins.
- Normie: People that has a traditional way of thinking and no knowledge of crypto.
- Pump and Dump: Prices going up and then down. Commonly seeing in scams.
- Rekt: When someone experience financial loss because of bad trades or investments.
- Rug or Rug Pull: When a development team runs away with all the money.
- Shill: Promote a cryptocurrency to make others buy.
- Vaporware: A project that is still a concept and does not yet have a working product but it is promoted.
- Whale: Someone that owns a huge amounts of a coin and can move the market price.
- When Lambo? or "Wen Lambo": Equivalent to Wen Moon or when rich.
- Farm or farming: Refering to farmers that shitpost to earn upvotes and consequently DONUTs.
- Whole Coiner: Referring to owning one Bitcoin.
- Bitcoin halving: Refers to an event when the amount of Bitcoins miners receive in exchange for processing transactions is cut in half, occurring once every four years. We rich.
- DCA or Dollar Cost Averaging: Refers to systematically investing equal amounts of money at regular intervals, regardless of the price of a coin.
- Copium and hopium: Refers to the irrational hope for prices to go up (or down).
- ATH or "all-time high": It iss the highest price or market capitalization of a coin.
- Moonboy: A crypto enthusiast who thinks the price of a particular coin is "going to the moon".
I hope you enjoyed the post and also learned new terms.
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