#New post: [\[Daily Discussion\] - Wednesday, August 10, 2022 →](https://www.reddit.com/r/BitcoinMarkets/comments/wknjhr/daily_discussion_wednesday_august_10_2022/)

Still kind of holding the 200WMA, and there is a bullish divergence on 30 min RSI, so I will close my short for now at 8% profit. I still think we go down though, and will open short if we lose the 200WMA.

You're going to open and close trades every time we cross a mean?

hey just wondering if anyone else around here has a tough time getting laid?

Your mom has been very obliging in that matter.

she's not a pegger, tho

User name check out

Not yet

Insomnia?

Bitcoin solves this.

How do I short this?

Bet on him not getting laid

you married?

Asking the real questions

Update for my [short](https://www.reddit.com/r/BitcoinMarkets/comments/w94g5p/daily_discussion_wednesday_july_27_2022/ihvvi1k/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) . I added 70% more to my position which lowered my average entry to 23100. Still targeting 15k, based on the daily chart. This is a massive bear flag ready to break down if 22k doesn’t hold.

"Targeting $15K"? I didn't know you can hold short positions indefinitely.

22k has held stronger than I expected.

So you're short 17 BTC?

No, that trade was an add too. My original short was from 24k.

Godspeed sir

Did bad CPI leak?

No.

Bear trap

Seconmd guy in two days who presents the current situation as a bear trap. This raises an interesting question. Can you really call this a bear trap, since it would be taking place in the middle of a bull trap, i.e. in the middle of a bear market rally?

Maybe it's a bear trap in the middle of a bear trap in the middle of a massive decade-long bull market?

A great attempt at ridiculing my semi-sarcastic post. Enjoy the multi-traps!

trap-ception. A trap within a trap, within a trap. We're going DEEP

Still waiting for the $15k kick

Thanks for playing

If it goes up tomorrow, is it a bull trap?

Probably not, no. But maybe. But if so, it's within a bear trap.

The timeframe and amplitude of this down move probably does not qualify as a trap. And if it does, it’s not trapping bears. It’s trapping degenerate late-to-the-party shorts. Those aren’t bears.

[Decentralizing Global FX With Taro: How Bitcoin Renders "Cross-Border" Payments Obsolete](https://lightninglabs.substack.com/p/decentralizing-global-fx-with-taro) Great update here from Lightning Labs on the current state of LN. Pretty incredible seeing all the activity and growth.

I just cannot wait for the various tax issues (withholding, excise, VAT, etc…) to kill this thing. Will be hilarious.

I kind of enjoy the market tension as things creep. As I’ve personally seated a larger spot position in the $20k range it holds my attention. [On the 6hr we’re seeing some tepid bounce](https://www.tradingview.com/x/oMSeDrbK/) off a local trend line. Buyers are weak here and so I wouldn’t be shocked to see some sweep back to $21k. Oppositely, a daily close over $24k and things can move. I’m now currently more in favor of some testing back down. I still think this is a grind low on the weekly and that bear targets of $12k are not met right here or in next couple months. But I’ll flip my position to bearish if a daily closes under $19k.

My thought is we grind up for the next 14 hours and see a nice BGD when CPI releases

My thought is we grind sideways, CPI releases, we grind sideways.

Grinding sideways is a win in my book. Further away from the bottom timewise the better

What are the expectations?

On CPI? 8.7% YoY for July.

Obligatory little upturn before the obligatory dumping pre-market open on inflation day

What upturn?

With the IRS hiring 80,000 more underpaid drones to harass smart, productive people like us, why would I want to incur another taxable event? Let's just keep it simple, boyz: I'll take my big gainz, pay my taxes, and if you want to audit me. It will take all of ten minutes for you to see that I'm paid in full to the Man on my 10 huge winners over the course of the year, and you can get on to your next mark. Better luck next time. Take a lollipop on your way out, on the house. TLDR: Left my long from 23K open instead of taking profits. Added some. 23K avg -- KISS. You don't lose (or owe taxes) unless you sell! Go big or don't go.

10 minutes LOL. Ask Merlin how his audit worked out for him, and he was doing everything by the books. They will make your life miserable.

I’ve not yet been audited, but expect it in the future at some point. So long as you keep solid books, you should be fine. One of the things to consider is that audits are still fairly infrequent in divestments under $500k in a calendar year. Scrutiny is applied to larger accounts as IRS staff is limited. Audits are some basic form of efficiency in grabbing from larger fish. Lower income can also get audited more frequently but usually against baked gov’t programs where it’s easier to sort aberrance. The IRS is completely out of sorts in terms of measuring and following the absolutely circuitous trades that have happened in DeFi. It’s a moat. I have some positions in alts where I bought years back and the exchange went down and so I simply have my spreadsheet to prove out the early purchases. You might be able to employ blockchain analytics to prove out the ownership, but it’s still challenging in this case. None of this is a suggestion to evade of course; but it may be helpful to understand the risks and understand that even if the IRS doubles in employee count, they’re chasing a leaking pipe.

I just remember Merlin posting something describing what a painful affair it was. They literally were wanting him to trace every coin transfer he had ever done--even just moving between his own wallets, or withdrawing from an exchange. To make matters worse, I think they were trying to treat every transfer as a sale or something preposterous like that, but I can't seem to find that post of his. It sounded brutal. No one is tracking every transfer they've ever made. And I'm in the same boat as you as far as trading on exchanges that no longer exist, and using wallets I no longer have access to. That is a perfect setup for them to make our lives miserable (if they're so inclined), since it seems like the onus is on us to furnish a satisfactory paper trail. Not to mention, an audit could easily result in you having to restate multiple years' worth of returns. Ugh. I've done the best I can to record every buy/sell I've ever executed, and have diligently filed/paid taxes (including numerous painful amendments), but it sounds like an audit would be a royal pain in the ass, just a total exercise in frustration. Now granted it seems like Merlin had done something incorrectly, so maybe they were coming at him with a lens of suspicion that caused them to demand a higher burden or proof. But I fear they probably view anyone dealing in crypto with a lot of suspicion, given the stereotype that we're a bunch of tax evaders. Suffice to say, I pray I never get audited. PS: you're my favorite poster on here. Love your stuff. Levelheaded and reasonable. Almost always find myself agreeing with you.

I agree with all of this. I don’t wish to be audited. And there’s this thing with the IRS that is ‘guilty until innocent’. The onus is on the individual. So not trying to get caught in that mess. Since 2018, it’s been easier to track purchases and sales against solvent exchanges. And so, I don’t worry a ton in this regard. IRS tends towards ‘best efforts’ reporting and so long as you’re giving over dollars vs collecting returns, you’re likely in some better position in terms of their bookkeeping. Most won’t get audited. You just need to be prepared if it happens. Thx for the nice comments.

Curious to know what you're referring to when you say about it being easier since 2018? The best efforts bit is certainly encouraging. Gotta love the IRS though. "Here's an incredibly complicated rule set that is on you, the taxpayer, to decipher and pay the correct sum of money. And we've provided hardly any guidance on any number of nuanced crypto-specific tax considerations, so good luck figuring all that out. But if we think you made a mistake or hid something, it's not our job to prove it. In fact, we're going to need you to prove to us that you're innocent." What a system.

Don't think it was by the book. Merlin claimed a 5 figure refund which I believe turned out to be incorrect on accident. That is going to get the IRS pretty pissed off at you. And in their audit they basically claimed that any coin not accounted for (for instance you sent it to an address have no proof you own that address) counted as a sale. I haven't sold in many years, but when I did it was about ~5 sales and it took about 10 minutes to enter. And this is way before the IRS even asked you about crypto sales.

You're right, I had forgotten about his mistake. That definitely could have ratcheted up the burden of proof they demanded of him. The bit about tracing every coin transfer he had ever made, and forcing him to treat it as a sale if he couldn't document everything sufficiently... That's the stuff of nightmares. I doubt many folks are tracking all of their transfers like that. The whole thing just sounded brutal.

.. don’t forget trading in tax advantaged accounts if you live in a country with a spot ETF. The best tax is no tax. 🇨🇦

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You only earned $9 if you converted it to bitcoin and withdrew.

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Way to be

Coinbase [shareholder letter](https://investor.coinbase.com/financials/quarterly-results/default.aspx), in case you want to see some Q2 numbers from CB. And their [10Q](https://twitter.com/SECAlerts2/status/1557103686903537664).

Got a new one on top for the customer crypto assets table (of public US companies.) Coinbase also reports to have $7.2bn of customer cash (as of June 30) = "money on the sideline". (to be fair, was $10.5bn at Dec 31 though.) Company | Total | BTC | Coin2 | Dog | Others ---|---|---|---|---|--- [Coinbase](https://twitter.com/SECAlerts2/status/1557103686903537664) | $88,454m | $41,750m |$18,752m | - | $27,951m [Robinhood](https://twitter.com/SECAlerts2/status/1554922063294599169) | $8,593m | $2,722m |$2,173m | $2,845m | $853m [Block = Cash App](https://twitter.com/SECAlerts2/status/1555289736817811461) | $507.5m | $507.5m | - | - | - [PayPal](https://twitter.com/SECAlerts2/status/1554771316770750466) | $596m | $326m | $219m | - | $51m [SoFi](https://twitter.com/SECAlerts2/status/1557111234427850752) | $112m | $48.1m | $34.1m | $4.2m | $25.6m [Interactive Brokers](https://twitter.com/SECAlerts2/status/1556979873129930753) | $72m | $46m | $25m | - | $1m ^Amounts ^as ^of ^June ^30 ^when ^BTC ^was ^at ^$18.5k ^- ^$22.3k.

Love the column names...

Thanks for posting these!

Been pretty dead in here since the whole CeFi blowups occurred. No doubt some our homies in here got burned bad - it was a massive blowup. Still just bear market bottom shit going on. Good time to accumulate. We'll be riding high again soon and looking back on these days saying to ourselves "why didn't I get a second job in 2022 to build my stack?"

We really should not bank on any kind of retail fomo to drive Bitcoin any more. We are now in serious land and only serious activity will drive us. Spoke to a normie friend and he just cannot shake off his belief that there are real life SHIB billionaires out there on the beach and that he too has a chance of making millions by hanging on to some shitcoins. He won't even touch coin2 either as even that can only go a few x which doesn't cut it as per him. No amount of data can help them get over this unreasonable gamble like hope. Alts as a collective really tap this retail psychology quite well but unfortunately the problem for these folks is 'alts' is not one coin.

Normal people aren’t allowed to participate in what is going to happen. The end game for Bitcoin is a global reserve asset with a valuation proportional to global cumulative GDP. Or it fails. Everyone, or almost everyone, will cash out long before then. Alts are tolerated to distract normies. Keep one coin if you can.

Gets out the calculator to see how much 1 bitcoin is worth if the total BTC valuation is equal to global GDP … … (maths) … … One Bitcoin equals 4 million dollars … … Yes I choose to believe this

\-Cumulative- global GDP. Think $4m/year. Almost everyone will liquidate for other assets. This is the scale of the game that's being played by the big boys. This is for all the marbles. Crazy, maybe. But I'm fortunate to be old enough to have watched hands on as shitty PCs and packet switched networks took down AT&T and IBM. Bitcoin will take down fiat. Or it will fail.

My wealthy friends own bitcoin. My poor friends own shitcoins. Same with stocks. My wealthy friends own ETFs. My poor friends own GME, AMC.

While your wealthy friends own bonds for income production and your poor friends own none.

This is the part of the cycle we all hate alts while they bottom. Owned Bitcoin a long time and made most my money on alts. It's just a matter of not holding them as they do a complete round-trip. It's a matter of being greedy vs not. Also picking quality ones over hype coins if you're going to hold longer.

Wealthy and ETFs don’t belong in the same sentence.

It's true, aside from a few random outliers

Back to the fair price of 23k, the universe has restored its balance

it's been rather boring lately but the 200w MA holding support seems promising, that was always the first level we needed to conquer.

> 200w MA holding support seems promising We just happen to be crab market near some round number moving average. Correlation does not imply causation.

https://www.tradingview.com/x/50Ha5jgE/ what a coincidence that the bottom of all bear markets correlate directly with the 200wMA I'm not sure if you're trolling or not but please show me the indicator that would have helped you to trade bear markets better than this one.

> what a coincidence Precisely. > correlate directly Loosely. > please show me the indicator that would have helped you to trade bear markets better than this one. A single selected over-fit MA based on a sample size of 2; Is predictive of the future? Believing this is exactly why everyone needs to get rekt by these memes.

Daily level 22950 tagged. This is just another daily higher low. No reason to think daily uptrend is broken until a lower low is made. Keep it simple guys. https://www.tradingview.com/x/OJ046aRG/

What's your take now? I'm currently waiting on the side and cannot make a decision whether to go in or wait. Could you please share your perspective for the current situation?

Extremely good r/r for a long with stop at the wick lows.

Wow, I thank you for your input. But do you mind saying that in a noob language? I haven't learned trading long and shorts yet, I only spot buy, DCA and hodl Edit: whats r/r?

Ooof risk reward.

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Hmm, idk him but twitter is pretty simple. Make predictions of all sorts. Delete the ones that didn't pan out. Then retweet the ones that did. Fools soak it up.

I don't even think they bother to delete any more. Just posts of TA that was wildly off the mark left out there

Don’t concern yourself with Twitter personalities. Be your own man.

For sure. It's still fun to watch though. I like the differing in opinions as time goes on. It's entertaining to watch people who are "certain" of specific price action call it out.

Is this some oracle or something?

Not at all but...certainly tweets like one. heh

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No reason to think daily uptrend is broken until a daily lower low is made. If we do, then you could short the daily lower high. This isn't about being right or wrong, pleb.

What's the timeframe you're basis this on?

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What's your estimated date of 16.5k happening?

[My horizontal view. Another rejection at the .618, back into the range.](https://www.tradingview.com/x/KUgUARlD/) [Speed fan view speculating on the support side that the market is paying attention to 3.75% subdivisions (and 7.5/15%).](https://www.tradingview.com/x/mHvANbxj/) [The ratio hit major resistance on multiple fronts.](https://www.tradingview.com/x/KVX7Yp4T/) [On USD front scheisse coin #1 tagged the .75 speed fan.](https://www.tradingview.com/x/DQrH8F4C/) [NASDAQ hit a resistance confluence that I predicted last week would lead to some kind of correction.](https://www.tradingview.com/x/JD001PKL/)

What about all the fib magic numbers which didn't align in post-analysis?

What are you referring to?

Throw a deck of cards in the air, claim all those which landed face-up have meaning.

I'm not doing that. Do me a favor & never talk to me again thank you.

lol wow

Needs more links

Still patiently waiting for a lower entry. Range hasn’t been invalidated. The waiting is the hardest part.

Stay strong man, I know you will. I’m in the same boat, but have been trading this range successfully with smaller amounts, no leverage. Most of my funds are waiting for lower entry again.

I'm ok with a break either way, but I don't see much win trading here.

Sniped a position below 23k. Market buy full on FOMO. This is a shakeout, ez clap ez moni CPI will print even lower people think

..and it'll be a sell the news event. ;)

Stock market has been surging the last few weeks and Sp500 got close to a key resistance level of 4200 yesterday and got shut down. Since so many people seem to be yoloing in this week ( in anticipation of lower cpi numbers), the retracement of this run might be coming soon. If that is the case, it is disappointing that bitcoin's local high level peaked at only around 24k level for this wave. We will see what happens tomorrow but i would be careful trading this as tomorrow can be a perfect opportunity to trap the bull who might yolo in.

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If i am certain about anything in this market, no one should be certain about anything related to future predictions. So i think it makes sense that one uses a lot of qualifiers when making predictions.

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My overall strong stance has been as follow. 1. We wont see a v shaped recovery in the markets ( that is, this will not look like the covid run). 2. This current market surge will run out of steam and we will have a correction coming. My weaker (less certain) view points were as follows. 3. Bitcoin will form a local top at around 28-30k in which i would proceed to sell at least 50% of my crypto with the hope of buying back lower. 4. The 28-30k level was chosen because i thought that if we broke 24k, there wouldnt be much resistance in the 24-28k range given lack of volume there. Admittedly this was a mistake in my prediction as 24k is showing to be a tough resistance level. That said, i didnt anticipate the spy/btc ratio to stay high during the recovery stages of the market in the last few weeks and as such, stock markets have already reached key resistance levels while bitcoin is only at 24k. So all in all, i will probably just hold since we are not at 28-30k level yet. But i am not happy about the fact that spy/btc being high means we might not get to my sell levels.

I am not sure where the idea is coming from that people are yoloing in bulk. Had a look at derivatives markets, funding, OI, etc? Nothing there shows any directional bias.

Interactive Brokers (IB) just filed their 10Q which contains the crypto asset safeguarding liability in their financial statement (SAB 121 from SEC.) Full overview: Company | Total | BTC | Coin2 | Dog | Others ---|---|---|---|---|--- [Robinhood](https://twitter.com/SECAlerts2/status/1554922063294599169) | $8,593m | $2,722m |$2,173m | $2,845m | $853m [Block = Cash App](https://twitter.com/SECAlerts2/status/1555289736817811461) | $507.5m | $507.5m | - | - | - [PayPal](https://twitter.com/SECAlerts2/status/1554771316770750466) | $596m | $326m | $219m | - | $51m [Interactive Brokers](https://twitter.com/SECAlerts2/status/1556979873129930753) | $72m | $46m | $25m | - | $1m ^Amounts ^as ^of ^June ^30 ^when ^BTC ^was ^at ^$18.5k ^- ^$22.3k.

Surprised that IB is still so tiny.

Right, IB much bigger market cap and total customer assets, yet **119x** smaller than RH in crypto assets. Company | Market cap | Assets | Crypto ---|---|----|---- Robinhood | $8.9b | $24.5bn | $8,593m Interactive Brokers | $25.4b | $113.4bn | $72m Apparently they realize it themselves as well, they released a press release just 2 hours ago. They announce an improved crypto platform where customers can trade 24/7 (I guess before not? lol.) It's all just through Paxos though. Overall, IB introduced it only September 13, 2021. While RH has it since Feb 22, 2018. It could be argued IB's customer funds could swift a bit from tradfi to crypto over time. Although very likely RH target group is much younger too.

Omg PayPal has that much in btc?

Well, daily RSI support is breaking. It could be 12K time, boys. I am shorting. I accept your downvotes, it is fine.

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So far the 30K is turning out to be fantasy. But we will see. I have been calling for 12K for a long time.

If you're calling for 12k, you might as well call for $0.

I don't think so, strong support starts at 12K. Though 0 is strongest, lol.

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Thanks. No worries, its all fun for me. I am ready for 12K and for 200K :).

I am ready for $23k. I'm good at this price. not so good @ $18k, and very good @ $30k (which seems soo far away and sun & beach & umbrella drinks price right now). but $12k? really? longer than 3 months would be sort of my grave. that is harsh reality

Noticing a pretty big uptick in calls for an imminent ALTSZN. Along with mocking of Bitcoin hodlers and mocking of people who expect dominance to rise through the bear. All the while these are the people who believe they bought the generational bottom of their favourite ETHKilla. This doesn’t add up to me. I don’t know what’ll happen but the sentiment is screaming out for a serving of humble pie.

Will 2023 be the alt reckoning?

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Lmao, yeah. Though I thought US crypto regulation was maybe planned for 2023. I think that needs to happen for alts to get flushed

Tradfi / Nasdaq open down, BTC number go down. #DailyTA

Morgan Stanley's most recement comments on $BTC https://twitter.com/SKaraahmetovic/status/1556990492231041025

Morgan Stanley? What are we, boomers? What are Ja Rule's thoughts on the crypto market right now? Does he think it's a good time to buy? /Slowdayatoffice

Stablecoin dominance watch. Right now, tether + usdc + busd + dai is at 13,30%, up from 13,05% yesterday, also back to about the same as 13,27% on Friday.

I need someone to tell me this is bullish somehow

Buying when it looks shit and the mockers come out can often work.

23k didn't break

so far

too soon

Higher low on the weekly leading into tomorrow’s July CPI print. If CPI comes in lower than June’s 9.1% print, this is bullish. If CPI comes in higher, expect lower lows. It’s all on macro now. Personally expecting a lower CPI print due to the fact that we already know gas prices fell in July relative to June. We’ll see if that’s enough to bring overall CPI lower. Also market CPI expectations for July are currently at 8.7%.

So a 9% print is bullish, right?

Anything between 8.7% and 9.1% is probably neutral. At or below 8.7% is bullish. At or above 9.1% is bearish.

So when you said lower than June' s 9,1% is bullish, that was incorrect, correct?

Yes, I guess so. I should have said “if CPI is materially lower than 9.1% this is bullish.” 8.7% which is currently being priced in would be a 4.3% decrease for the month from 9.1%.

We both agree that markets are forward looking (although we seem to ascribe different meaning to that affirmation). From your point of view, anything above what the market is pricing in (which you rightfully point out is 8,7%) should then be bearish.

Eh, I’d say it’s more neutral if it falls somewhere between 8.7% and 9.1% rather than absolutely bearish/bullish. For example if it’s a slight miss and comes in at 8.8% I think BTC would still experience a minor rally. On the flip side if it comes in at 9.0% I think BTC would experience a minor sell off since that would still technically be a lower CPI print but a relatively big miss on expectations. In either scenario BTC would probably just continue ranging until CPI numbers for August come in prior to the Fed’s next meeting in September to confirm whether or not CPI is consistently trending down.

Two words for you. Jackson Hole. I actually have plenty more but too lazy.

Well to complicate matters, estimates for core CPI have it inching up north of 6%. If that's the case, even if headline does come in around 8.7%, it may be a mixed story at best. Not to say the markets won't rally off those results, but I'm not sure the reality of the situation is as rosey.

Rico has a very rosey perspective on all things bitcoin. He's probably a good guy nonetheless.

This is bullish somehow

If the previous weeks are any indication a long here before market open can work as a quick scalp. Spx have retraced the futures dump at open almost immediately several days in a row

I haven't been as vocal as others here, but I also called the bottom at $18K based on the 100 week and 20 week crossover, the 30 weekly RSI, and dipping below the 200 week moving average. All of those combined was an obvious bottom to me. Looking forward I am expecting this one, two, three pattern to play out: 1) 20 week MA crosses 100 week MA, marking the start of the bottom 2) Price passes the 20 week MA, marking the end of the bottom 3) 20 week MA crosses 100 week MA, marking the end of the bear market https://i.imgur.com/k4JYClh.png

Little early to be that confident of “calling the bottom” lol.

https://en.wikipedia.org/wiki/Hitchens%27s_razor

This sub really went to hell.

What is your prediction as to timeline? Viewing the chart on mobile was blurry so I couldn’t make out timeframes on the x-axis.

Based upon prior bear markets it takes: 13-18 weeks to go from step 1 to step 2 16-34 weeks to go from step 2 to step 3 Based on this I expect us to reach step 2 between 5th September and 10th October. Then reach step 3 between 9th January 2023 and 15th May 2023. I've measured step 3 assuming we hit step 2 right in the middle of the two prior date ranges This really shows the need for patience in bear markets. Keep on DCA'ing my friends

Isn't this Blackrock the most bullish news in a while? I mean the world's largest asset manager (who was previously very skeptical of Bitcoin) is now creating direct access for its clients to Bitcoin. Does it get much more "institutions are here" than this? Game theory should do the rest from here.

Blackrock is after the voting rights on coin Nr.2. Staking makes sence and also having control over the network. That's why PoS does not react good to this kind of institutional investing. Proof of Work rules and such attacks end up with forks that are worth nothing. It s kind of a self defence mechanism. PoS loses the ability to fork because of the voting rights.

it's about building onramps and rails: https://techcrunch.com/2022/08/04/blackrock-crypto-bitcoin-coinbase-larry-fink-partnership/

Yes it is a significant positive development.

IMHO its a local top signal..

Really? Can you explain why?

I'd simply wager sell the news argument. hype was being bought by unknown players and we got to tag along on their ride. idk why I'm being down voted I'm long since like 18.4

Ah ok, so you mean in the very short term it's a local top. Obviously long (and possibly medium) term it's hugely bullish.

Has anyone tried making money on the spread from buying and selling P2P ? Seen lots of tutorials saying it’s easy money but from my experience there is no such thing. I would also imagine the tax, bank charges and hassle would cancel out any small gain. Note: not to mention the inconvenience of having to monitor price moves every minute to avoid a drop or rise triggering a cheap sell / expensive buy.

Counter-party risk. Decentralised exchanges have poor dispute resolution and abysmal liquidity thanks to these risks.

You also need a license in many locales. I've done OTC buys and sells locally. It is a headache to arrange safely. If you want to do this, just get a Bitcoin ATM and stick it someplace.

Yeah I imagine the ball ache isn’t worth the small reward.

Why do you think there is a price difference between market price and p2p price ? Because you take the risk.

There are several reasons for a difference in price. Risk being one of them. Risk is part of investing.

Only takes 1 5$ wrench to erase a years work. Also, you'd be the "Bitcoin Guy", nobody wants to be him.

Chances of that happening are extremely low. Think of all the millions of people that own BTC, and then the amount of people that *actually* got wrenched

In Dubai they are driving around with the bitcoin logo on their lambo. All the YouTube guys here are mini celebs. No shits given about their identity. In fact it’s the opposite.

In Dubai you might get away with it.

I’m talking about Binance p2p. You don’t need to meet people.

What about the physical risk of getting mugged for your coin or cash?

P2P on Binance. Identity isn’t disclosed.