IF BTC with small blocks worked properly it wouldn't need swarms of evangelising Maxis trying to convince people to buy it and gaslighting other Cryptos that actually work
Think it’s sideways at best for at least through August/September. Maybe we touch into the 40s if and when Mt Gox selling really gets going but I’d be surprised to see more than that. Then I suspect as we get into Oct / Nov we start to see some life and creep back towards ATH and maybe set a new one near the end of the year and then explode higher in 2025. Totally guessing of course 😁
Hi Ian, I'm a new suscriber, I'm getting deeper and deeper with btc since couple of months ago, at the moment I'm starting to think about a coin join and I found your content (which is great by the way) would you say doing a coin join process worth it? My btc is at the moment in the exchange with KYC also a bought a trezor but I haven't transferred my btc to it, because of the same reason, KYC... Can you give some recommendations?
Hey welcome! The first thing I would callout is that your options for even doing a coinjoin are dwindling with the recent shutdown of Samourai Wallet as well as Wasabi. Wasabi’s code is being forked by others as we speak (eg Ginger Wallet), so there will definitely be options but those options may have some tradeoffs - e.g. in Ginger’s case it’s not fully permissionless as they comply with certain sanctions. All of that to say is that it is currently a very uncertain time when it comes to bitcoin privacy. There is the P2P joinmarket tool (I did a video on this) which would probably be my recommendation at this stage until we have a stable fork of Wasabi that a lot of people are using. Joinmarket enables you to participate in collaborative trxns with others (a coinjoin is really just a collaborative trxn conducted over multiple “rounds”). I would probably also at this point recommend that you keep at least a portion of your stack unmixed. There have been cases of exchanges rejecting user deposits because they can see that they participated in a coinjoin trxn beforehand. If the above seems complex, it’s because it is :) a simpler route may be to just go non-KYC from the start if you can with a tool like Bisq and just keep that stack separate from your KYC Bitcoin. Hope that helps! As some of the dust settles on all of this I’ll do another video on latest and greatest privacy best practices.
@@IanMajor thank you so much for the complete response! I think as you said, having 2 stack apart will be a solution, now is a great moment to get in hard, price is dropping crazy, will you talk about it in future videos?
Joinmarket enables p2p collaborative transactions and has an easy-to-use UI (Jam) if you’re running a node implementation like Umbrel or Start9 (I did a video on this if you search my channel). Other than that, there are currently forks of Wasabi Wallet being built out which will be interesting to see. See an example here which may not be the one you actually want to use given the compliance stuff it’s doing, but I think we will see other clones with different trade-offs: www.nobsbitcoin.com/ginger-wallet-v2-0-8-1-launched/ Definitely will cover this more on the channel as it develops.
If banks start to collapse. Does bitcoin go up because people are fearful and want a percieved safer place ro put their money. Or do some big whales dump bit oin to cover their margins??? I ask the same things about silver but i more am trying hard to figure out if silver is still more a mometary asset or is it industrial. Because china has over saturated rhe world with solar panels and no one wants EVs
I think bitcoin likely dumps still initially in such a scenario (and then rips harder than anything else with the subsequent money printing that would be overwhelmingly likely to occur). With that said, there’s also an increasing amount of evidence that the market is waking up to the fact that it’s a safe haven asset - BTC / TLT is a nice way to track this. Check out the work of Luke Gromen too if you’re not already
8:52 totally agree
You don't trade Bitcoin for a better asset. Bitcoin trades YOU for a better hodler ;)
IF BTC with small blocks worked properly it wouldn't need swarms of evangelising Maxis trying to convince people to buy it and gaslighting other Cryptos that actually work
I like this. That really is how it goes (and maybe a better “You” more generally in many cases)
thanks for the video!
thanks for your efforts🧡
Your info is spot on, so where to from here?
Think it’s sideways at best for at least through August/September. Maybe we touch into the 40s if and when Mt Gox selling really gets going but I’d be surprised to see more than that. Then I suspect as we get into Oct / Nov we start to see some life and creep back towards ATH and maybe set a new one near the end of the year and then explode higher in 2025.
Totally guessing of course 😁
Cheers mate
Spot on dude
Thank you a lot for your videos :)
Hi Ian, I'm a new suscriber, I'm getting deeper and deeper with btc since couple of months ago, at the moment I'm starting to think about a coin join and I found your content (which is great by the way) would you say doing a coin join process worth it? My btc is at the moment in the exchange with KYC also a bought a trezor but I haven't transferred my btc to it, because of the same reason, KYC... Can you give some recommendations?
Hey welcome! The first thing I would callout is that your options for even doing a coinjoin are dwindling with the recent shutdown of Samourai Wallet as well as Wasabi. Wasabi’s code is being forked by others as we speak (eg Ginger Wallet), so there will definitely be options but those options may have some tradeoffs - e.g. in Ginger’s case it’s not fully permissionless as they comply with certain sanctions.
All of that to say is that it is currently a very uncertain time when it comes to bitcoin privacy. There is the P2P joinmarket tool (I did a video on this) which would probably be my recommendation at this stage until we have a stable fork of Wasabi that a lot of people are using. Joinmarket enables you to participate in collaborative trxns with others (a coinjoin is really just a collaborative trxn conducted over multiple “rounds”). I would probably also at this point recommend that you keep at least a portion of your stack unmixed. There have been cases of exchanges rejecting user deposits because they can see that they participated in a coinjoin trxn beforehand.
If the above seems complex, it’s because it is :) a simpler route may be to just go non-KYC from the start if you can with a tool like Bisq and just keep that stack separate from your KYC Bitcoin.
Hope that helps! As some of the dust settles on all of this I’ll do another video on latest and greatest privacy best practices.
@@IanMajor thank you so much for the complete response! I think as you said, having 2 stack apart will be a solution, now is a great moment to get in hard, price is dropping crazy, will you talk about it in future videos?
What is the best privacy wallet I can use in the us now that samurai is gone
Joinmarket enables p2p collaborative transactions and has an easy-to-use UI (Jam) if you’re running a node implementation like Umbrel or Start9 (I did a video on this if you search my channel). Other than that, there are currently forks of Wasabi Wallet being built out which will be interesting to see. See an example here which may not be the one you actually want to use given the compliance stuff it’s doing, but I think we will see other clones with different trade-offs: www.nobsbitcoin.com/ginger-wallet-v2-0-8-1-launched/
Definitely will cover this more on the channel as it develops.
Brilliant Ian, I always feel calmer after watching one of your videos👍
That is the goal!
👍
Bitcoin is dead... again.
If banks start to collapse. Does bitcoin go up because people are fearful and want a percieved safer place ro put their money. Or do some big whales dump bit oin to cover their margins???
I ask the same things about silver but i more am trying hard to figure out if silver is still more a mometary asset or is it industrial. Because china has over saturated rhe world with solar panels and no one wants EVs
I think bitcoin likely dumps still initially in such a scenario (and then rips harder than anything else with the subsequent money printing that would be overwhelmingly likely to occur). With that said, there’s also an increasing amount of evidence that the market is waking up to the fact that it’s a safe haven asset - BTC / TLT is a nice way to track this. Check out the work of Luke Gromen too if you’re not already
I invest little bit into Bitcoin every month, and I kind of appreciate the price being down. I can buy more.
Sensible 🤝