I recently made myself a new account on Bitmex, mainly I'd like to lend crypto for interest. I have a couple questions.

1. What do you think of that exchange? Is it fair, honest etc? As a non-US citizen, it is one of the few exchanges that will let you trade and withdraw BTC without too much ID hassle.

2. Do you think it is possible to lend out a small part of my btc? I'm talking 0.5-1 btc.

3. Is this the right forum for such questions? If it isn't, please point me to a more appropriate discussion on bitcointalk, and I will delete this post from here.

Yeah this is indeed some great news!
We will get SegWit as wished, without any modifications, and the HF stuff will come later.
However does anybody here if it really will kill ASICBOOST now?
I'm not that deep into the technical stuff and some opinions seems to differ here.
Antpool and Bitmain will probably the last ones to signal. But I'm sure they will do.

May be another good opportunity to get some cheap BTC.

It's not clear to me, is what just happened even possible on main net?

Is any POW algo ever truly ASIC proof?

About micgoossens's ATH guessing game
I predict August 4th

Oops, sorry. It is however an honor to have picked the same date as bitserve himself!

My prediction is then August 3rd!

These rallies no longer get me excited... perhaps because I don't daytrade and I don't plan on spending any of my savings anytime soon.

This does get me a bit excited though -

https://www.youtube.com/watch?v=fqT-3xN8npA

https://medium.com/@ACINQ/announcing-eclair-wallet-a8d8c136fc7e



nope , 2 years ago any HF would definitely have split the network in 2 to 3.


An altcoin spinoff Viabtc and Bitmain are starting off of Bitcoin ABC , with very large bloated blocks an a % of their hashrate.
Yes , if you control your private keys on aug 1 first you can split and dump these tokens and reinvest in BTC.

Please don't tell me the fucking buggy code is orphaning every block post lock-in... nah, it doesn't make sense, it haven't even ACTIVATED yet.

Let me contribute some FUD myself.
What if they're mining a different chain, ready to uncover it when they feel it's time?

Hehe, it often happens that new adepts are more zealous than seasoned ones...

I was thinking of the same.

;or
3) Nobody will accept a naked short bitcoin, as it not only is a naked short, but it is no easier to obtain, hold, and secure than a real Bitcoin. Paper gold, OTOH, is much easier to obtain, hold, and secure than real gold - which is why (some foolish) people accept it.

It is my opinion that a PoW change should be devised, engineered, tested and put in the code ready to activate. Activation should not involve any kind of miner support, of course. It should on the contrary assume miners will fight back.

The new PoW should have suitable tweakable parameters. Certain choices for parameter values would basically leave the PoW as it is, and other choices would be more disruptive. There should be signaling to get a feel for the available hashpower with different PoW's/parameter choices.

If the machinery works well enough, this could become the weapon that will never have to be used.

https://www.bloomberg.com/news/articles/2017-07-24/bitcoin-options-to-become-available-in-fall-after-cftc-approval

so what does this mean for bitcoin? is it good? bad? a disaster? are we gonna be drowned in volatility and paper bitcoin?

Have no idea what you're babbling about brother ... bitcoin's a level playing field

ANALYSIS: WHY AUGUST 3rd?
(micgoossens's prediction game)

(SNIP)
TL;DR.
Fear of Aug 1st dissipates slowly while the wounded lick their wounds. New week, new life starting on Friday Thursday.

Are you kidding? They propped this BCC altcoin up for one purpose. As the 2X date approaches, they are going to have loads of fun switching their hashrate back and forth from Bitcoin to BCC blockchain, in an attempt to strong arm the core developers/community and FUD the shit out of the market and cause massive amounts of hysteria, fear and price volatility.

Mark my words. Roger and Jihan will be cackling with glee the whole time.

I don't think I'm winning micro's ATH game.

more usefull for your local time : https://www.epochconverter.com/
because of this : https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

(snip)

Wouldn't it be 12:20 PM UTC?

If we get enough miners involved we can do a Bitcoin Wall Observer (BWO) fork next month.

When half of BTC holders will have exchanged their BTC for BCH, then it will be a 50/50 split. Until then, you need fresh money to add value to the new chain. I think this is quite intuitive from a macroscopic, detached point of view.

"Please, tidy up the kitchen, will you?" (Abide by my rules and I'll take your blocks for good.)

"No, I'm going to do the bedroom. The kitches is a remnant from an era when people used to cook for themselves. Now it's catering all over. Bedroom." (I make the rules, I'm the miner.)

It might be dangerous, too. It would make it quicker, then easier to orchestrate a 51% attack by swinging the difficulty wildly, progressively retiring miners from BTC and then coming back on full force at attack time. This could be prepared and deployed when the hashrate is dropping for other reasons (some other problem on the BTC network).

When I say 50/50, I mean value wise. So I actually meant "half of the BTCs have been traded for BCH".
At the moment, the number of extant BTC=BCH.

Nodes do. Financially heavy nodes, more so.

You are right. I expressed my thought sloppily.
"Half of the BTC value at the time of the split has been traded..."
Ultimately implying that the mere existence of a new chain does not mean there is actual value stored in it.

As for actual value,  there is no other value other than somebody willing to buy them from you, and this is true for both BTC and BCH.

Exchanges, on the other hand...

I think most people involved in BTC (the community) do realize this is an attack. I, for one, do.
A siege, though, is not a generic attack. It involves being starved by the enemy outside, which can't happen as long as we keep our provisions (BTC) - that is, if we don't trade BTC for BCH.

I am convinced that the value of BCH will vanish soon, unless it is artificially (and expensively) pumped from the BCH side. Which they are welcome to do, as far as I'm concerned. I'm going to trade my BCH back into BTC if I see steady rates in the order of 0.3-0.5 BCH/BTC.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy
21/07 Mr Frog
22/07 Protokol
23/07 Bitcoinaire
24/07 Lost_in_base
25/07 rjclarke2000
26/07 Globbo
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bahty
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

ATH HIT !!! bikerleszo HIT the day so today i Will send him .25 BTC for the correct day Just contact me from here
I think you only add A date not A reason why if i'am correct so if you didn't put A reason why before Its only .25 BTC AND i Will send the other .25 BTC to d_eddie Just because of the Very Good explanation of why the big price raise

Small vote after payment if you Guy would like another ride like this on maybe  price guess + 4000$$ or something
But first payday than we look further
Greets and Good morning

Why is ppl here so obsessed with that unknown milf? 
Posting a different pair of boobs for each special event would be appreciated.

Give this man a lot of trust rating!

http://www.businessinsider.com/bitcoin-price-nvidia-advanced-micro-devices-hedge-funds-2017-8

This article writer seems to suggest that Bitcoin mining rigs have chips in them from nVidia and AMD.

Is that true? I thought Chinese mining ASIC rigs had something else.

Meanwhile, Altcash has crept up to $270USD. Excellent news for those of us who continue to hold both currencies.

$4.5T in unfunded liabilities is already gone and can't be paid.

What do you mean, same trap? Can you explain? Fractional reserve is impossible with LN, and anyone can set up a channel by locking the collateral. Seems like a fresh start.

Fractional reserve is impossible with LN

https://www.youtube.com/watch?v=ep4HtGgOdjw
This time bitcoin will split in two. No one can force core nodes to accept 2x part, no matter what miners do. For the price of BTC this is bad of course. The last pump was glorious indeed, but it still is a pump, not a real slow progression in price caused by an increased demand. Not at all! Chinese miners exploited the lack of sell walls in Saturday to pump it to 3K hoping the traders will continue the rise to 4K and then they will sell everything down to 2K again. This time I will cash out and wait until the end of the storm.  

on a decision that they were not qualified to make in the first place,

This is not about centralization/decentralization IMO. It's about an open market or a closed market. It's much harder to produce (or keep) wealth in the latter. Some of the uneducated are beginning to realize what happened above their heads, and they aren't going to be happy about that.

People who have a clue about the actual consequences, I'd say.

I can't speak for K~Ehleyr, but I have been following the Brexit matter closely since the debate started. The urban people, the educated, the young, overwhelmingly voted "Remain". So did some geographical/economical minorities (notably Scotland). The bulk of "Leave" voters were working class folk, afraid because they're losing their jobs to Polish plumbers. They have been lied to, their fears exploited cynically. Now these people see that the foreign plumber isn't going away anyway, but the City workers who used to be their customers at lunchtime or when their expensive shirts needed washing are going away if the government isn't able to negotiate merciful terms. And things look like the they won't be able to.

This is not about centralization/decentralization IMO. It's about an open market or a closed market. It's much harder to produce (or keep) wealth in the latter. Some of the uneducated are beginning to realize what happened above their heads, and they aren't going to be happy about that.

Maybe we should start a new thread about:
-Where you can live large on the cheap
-saying whatever you want
-smoke whatever you want
I think that bitcoin gentlemen would appreciate.

people never learn ... obvious weak hands style dump (+ stop loss orders wipeout) and people in here already posting bullshits about dropping to sub 4000k

it's small correction, use it for your good or close charts and live

Isn't it obvious that it is Roger Ver and his buddies manipulating the market? South Korea anyone?

The 90% of mining is probably the miner who would 51% Bitcoin if they had the chance so they're not going to 51% themselves.

Of course. Current BCH price is a bluff. It is simply unsustainable. Ver Wu will run out of bitcoins in just couple of weeks. Ver is a nomad but I feel sorry for all people that work for Wu. They will have to look for new job soon.

..  Right after BTCE is seized, I now have some FBI tard on my account shilling for bitcoincash and tethers.

A serious attempt would have included replay protection by default, from the start.

Great  Kraken didint execute my stop loss order haha.

Won't we have to hard fork for replay protection anyway? (Total noob question.)

Gay frogs; the science - Atrazine induces complete feminization and chemical castration in male African clawed frogs (Xenopus laevis)

I was going to do the same thing steelboy but I went for it last week and after a lot of fucking about managed to trade all the WuVEr coin for btc. I am aware the gap may close with btc fud and a WuVer coin pump but that's not guaranteed and I managed to boost my btc by 14%-15% so I was very happy with that.

https://twitter.com/sknthla/status/902559923955015681

According to that BCH now has panhandlers going out in the street. Impressive stuff.

+1

stay save with a hedge (BCH) against the future of BTC.

Ok I've missed out on a lot of this increase. Just got back from hospital with our newborn baby boy. Shattered and on top of the world but also what makes it even better is a nice btc price!!

Now sleep.

Aaarghhh what the hell bitcoin cash!!! Why are you going up? Any News? not like Bitcoin is going down... are stoopid banksters and friends confusing the two?

.....yes darling?

Sorry.. I thought my girlfriend was calling me

Correction in my opinion, you've been around long enough to know that retraces always follow significant upwards price surges. 

My thoughts exactly. So, where are the ones that are not? To my naive mind, ICOs look like a way to rake money without getting one's company ownership swayed as it would be with VC. I'm glad they're being regulated. Want capital? Gimme stocks, so I own (at least part of) what I paid you, so I can vote if I paid enough. You give me these sumthincoins and if (when) value goes to zero, we're good? Meaning YOU're good and I'm out of luck? No way.

Miners can only mine a coin that they can sell. We have already seen many have no loyalty, they will move to the coin that will pay their electricity bills.
Who is gonna buy all the coins mined, and the all the coins dumped?
Certainly not enough to support 90% of the hash power, so the real Bitcoin will limp along to the re-calc, and then its party over for 2x.

Bitcoin, coming up next 🚀 SegWit effect 🚀 Lightning in action 🚀 Free S2X tokens 🚀 Schnorr 🚀 MAST 🚀 ETF approval🚀 More users 🚀 ...

Hm, I wonder what will Honey Badger's reaction be like.

Error 504.

Ridiculous FUD from The Guardian (UK)

The financial regulator has issued a stern warning against a speculative frenzy over initial coin offerings (ICOs) in cryptocurrencies such as bitcoin that have been promoted by celebrities including Paris Hilton.

So smug and so wrong. What a combo

I was asking people with at least half brain. but thanks.

bottom ain't in yet

That's the news indeed. I'll wager an ETF is due soon on the other side of the Atlantic, too. The official reason for SEC changing their mind will probably be "now we have futures and options, so there is a proper way to stabilize reserve and clearings".

Ummm, guys? If this is accurate, then in about two days Bitcoin is about to see it's biggest upwards difficulty adjustment since Feb 2016.

+21.63%    Bullish?

https://bitcoinwisdom.com/bitcoin/difficulty

I was told cheap coins? 

So is this October the 4th? I didn't understand the no sooner than bit...

Is this what it means? 4th?

https://www.techinasia.com/japanese-gaming-giant-nexon-buys-south-korean-bitcoin-exchange-korbit

game on!

gaming companies becoming crypto-banks, in-game currencies/tokens competing with fiat ... shit's getting weirder than fiction and the 'pros' don't know which direction the next blindside is coming from

Without replay protection, it will be a slow mess to untangle the altcoins though.

Dump ahead.

Or maybe there isn't much relation between bitcoin price in global market and bitcoin price in theses closed markets...

and 0% of full node to keep or accept the 2Mb Block size ... 
Miners can not force node to "change" of software.

• It's not 1MB to 2MB. It's more like ~4MB to ~8MB.
• You have to know WHICH lines of code need changing, and change them right. And figure out the technical consequences. The developer(s?) on the 2x Team don't seem to be able to tell the keyboard from the screen. And the team don't seem to care much about censorship resistance, either.
• Node operators, besides trusting the 2x Team to do the right thing technically, must be WANTING to take that step. I, for one, am not.

But I see you're a legendary member, so you know all this. You trollin' me, man?

“Only BCC payment method is accepted in this batch, please use the exact amount mentioned in your order and complete the payment within one hour. After one hour, the order will expire and your payment may not be detected by the system automatically. If the payment is submitted but the receipt is delayed, we will make your payment “Valid” manually.”

The matter is it's quite cheap to mount a half-assed fork if you have some miner support. Keeping the value of the forked chain up is a totally different story. It's a hellishly long and costly business. That's where BCH stumbled, and that's where 2x will falter too, IMO.

My point of view, too. I guess it is the point of view of many non-politicized bitcoiners who just want an increase of utility and value, while keeping the strong points: permissionless and trustless, therefore decentralized. Non-inflationary.

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

https://imgur.com/3nK0IdZ

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

Ah! Fluidjax has one more trick to share. Thanks Odalv!

The step in [a] direction was done a few months ago with Segwit and enabling LN.

Aww man, I hope we don't drop below $4k again. I'll have a sad then

We're about to witness a strong Buy signal for BTC; a TK Cross above the Cloud. See what happened when it did before;

If there are 7 billion people in the world, then 1% would be 70 million using bitcoin in some kind of way... Are we even close to that?  

kraken down?

...lol with the recent news from Russia re competing with China in Bitcon mining - coupled with the faux China ban , and taken into context with the usual bullshit the MSM spout..

This "supposed" Russia "ban"

Who could really give a flying fuck.

Not me that is for sure.

Not a single fuck given.

(Even if Putin were to come into my  house and smack the hardware  wallet outta my hands I would still laugh in his face)

Lol, the only thing they expressed in a peaceful way is their desire to separate from Spain. Which was promptly declared illegal and hence the following violence. Also, I do not think they expressed or published racist manifests... .

When you recieve please post a proove of payemt ..... thx

bch +30% and bitcoin is dipping. looks like shitcoin supporters are pushing it.

Yeah getting a bit bored of this dump now.

Same here. I'm expecting sub 5k, with a possible weekend retracement.

WEEEE

It was also slow, clumsy, and delicious to eat (reportedly). On the other hand, the honey badger, although fairly fearless, seems to lack the other qualities.

that ass is stainless steal.
yep ... she's a real soldier.

(snip)

Also entirely fictional.

It's just that I'm a sweethearted, sensitive guy and some views just make me emotional.

And here they come... . (I doubt if we should be happy with that).

http://www.zerohedge.com/news/2017-10-21/ledgerx-launches-trading-bitcoin-options-and-swaps

"We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."

Your post makes lots of sense. But maybe there's an alternative explanation?
Couldn't it be just an attempt to revive the vanishing BCH price, rather than to reduce the S1X/S2X price gap?
I mean, a way to repay back the "faithful" miners who mined BCH at a loss for a long time.
In any case, I'm waiting at the window with the bucket of my residual BCH ready to dump.

It is better for the attack to come from within rather than from the governments.  

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

Not sure how to do research on this without it being hopelessly tainted by ideology.

Here's my take:

In a symbol-manipulating and culture-producing species, homosexuals fulfill the function of outliers not bound by responsibilities of family and to a certain degree free from regular societal norms and expectations. As such they are in a position to dedicate themselves to niche endeavors which may have no immediate useful function for society, but contribute to the experimentation and innovation which keep human culture evolving and adapting. They are often able to take bigger risks and pursue less profitable career-paths compared to heterosexual people with a family. Having children/spouses be dependent on your income makes you more conservative in taking risks and experimenting with your perceived role in society. Thus you can find many homosexuals in fields which demand extreme immersion and individuality of thinking in order to produce results: art and science.

Anyway it's probably best to ask some gay people what they think about all this.

Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.

the supposed fork is actually an attack.

The real goal is replacing Core with more - say - malleable developer(s).

we, the users giving up mining - was more or less unavoidable, given the financial and existential investment in becoming a pro miner.

I want to understand the ultimate reason why you support your claim. What do you expect the normal user could gain from something like S2X?

I don't believe this is true. If somehow PoW can be tied to a smartphone for "one phone one vote", those who have financial resources can screw themselves against the brute force of several billion smartphone users.

However, cheap electricity, newest generation chips, and other factors that are now unbalancing the game won't be that relevant anymore, and there will be much fairer competition.

That's the point - not avoiding concentration, but letting concentration happen with similar ease almost everywhere. So Average David can spend 1000$, and his 1000$ are worth almost exactly as much as Goliath's 1000$.

Any American could put up a mining rig knowing that electricity costs are not the bottleneck anymore.

I don't know how easy 400k will be, but 10k within the year looks doable.

Cause speculation:

https://bitcointalk.org/index.php?topic=2259054.0
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

+ people shilling this speculation on social media

http://trilema.com/2015/basic-bitcoin-competency-certification/
answers by morning pls, lads. i don't even get half the questions

Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.

No such need, as long as you share a channel with a node (that has a channel shared with a node (that has...  ...)))) with Starbucks.  Same for Amazon. It's a mesh network. The general opinion is that there will be enough channels open to reach any relevant agent.

Are you trolling? BTC can already use Tor as the network layer if it works on your BTC node.

The head of that company has clarified that they made mistakes on the statement, as they are not a government administrative department, and have no rights to determine whether bitcoin mining is illegal

56.75% as of latest.
(Trying to keep a serious face. I can hold it as long as I please.)

Yikes.
How many coins are we talking?

I tender an additional item for your consideration. While many people have 'JOBs', others have careers. Meaningful work can be part of what makes life worth living. I'm just saying that there may be additional considerations more important than simply hitting the 'fuck you money' threshold.

Hi xxx,

As we informed you in previous communications, we are approaching the December 14th deadline in which you’ll need to convert your Bitcoin Cash (BCH) balance that was generated during the August 1st fork to BTC.

Our Terms of Use clearly state that the only digital currency supported by Xapo is Bitcoin (BTC). If you want to store, transfer and/or use any cryptocurrency other than Bitcoin, you cannot do so through the Xapo Services. If, as a consequence of a “fork” (as such term is commonly known in the bitcoin industry), Bitcoin holders are granted with equivalent or proportional amount of the new digital currency or values that are not Bitcoin, Xapo shall not have any obligation, whatsoever, in connection to such new digital currency or value.
(SNIP)

Pretty girl no doubt, but beauty never lasts forever. And even if it did, the average male mammal needs change at least once in a while. Ever felt abnormal desire for a woman, even if she's objectively less attractive than your wife/gf? I know I did. Uh, I mean, I do.

So if I had to choose a millionaire's dream, the only choice that would make sense for me in that slot would be

3) be able to pick a woman of the month (or in moderation: of the semester) from a panel of candidates guaranteed to contain at least one or two you consider quite attractive - even if not incredibly so as Emily or Miss Prettybutt (thanks, Lightfoot).

I sleep in it sometimes too because I like lingering inside the noise. They actually help me fall asleep and stop me from waking up randomly.

I thought I’d share some of my stock market knowledge to help my fellow HODLers get a perspective on the CME futures that will be launching soon.
First let me explain a bit of history: in 1982 CME group launched futures on the S&P500.
What happened next? The stock market went on a spectacular run for 5 years until it eventually crashed in 1987.
Why does this matter for Bitcoin? Because I believe a similar story is about to unfold. This story is the fundamental story about adding leverage to a new underlying asset.
Bitcoin is a relatively “unleveraged” asset as compared to other financial assets. It’s new, it’s untainted. This is significant because of the mechanics of market prices and the future potential of market prices.

When something enters a levering stage, like Bitcoin is about to, the mechanics of the market are HEAVILY weighted to the buy side and not the sell side. Why? Because to be a seller you MUST be a previous buyer (or if you’re shorting, the supply comes from a previous buyer). This may sound weird, but the potential capacity to sell is a function of those who previously bought. This is why in an early market like Bitcoin it’s very hard for it to consistently fall as there’s not a lot of buyers yet built into the price. It takes years and years of accumulation and volatility to create a normalized market. When it’s new, especially pre leverage, it’s very easy to bid it up.
When the CME futures are added, it will likely lead to spectacular rallies, but you need to arm yourself with the knowledge that the eventual buying will plant the seeds of the future capacity to panic.

This is what happened in 1987: The stock market had a 3 day wipeout of over 22%. It took 5 years to develop the buy side enough to create the conditions for panic. This was caused by the CME futures in 1982.
Even since 1987, there has never been a crash of similar magnitude, because that initial levering stage was eventually normalized and a healthy market now exists on both bid side and ask side (sell side).

Why do I tell you this? I want to arm you with expectations to keep your wits when it all goes down. The crash on Bitcoin will likely be of many magnitudes deadlier than the stock market. We just had a 29% correction and it was frankly less than the last two. 20-40% corrections are standard in Bitcoin. When we have the futures levered crash, it’ll likely be 50-60%+. This will be hard on your psychological commitment. Prices do funny things to people’s perception, just like how BCH rose and now suddenly everyone thinks it’s a BTC contender. (Nothing’s changed, price was just pumped up and psychology affected.)

So first thing: prepare for that eventual crash, I suspect it’ll take 1-3 years to create the conditions for an extreme sell side due to leveraging. This sell will start and accelerate, hitting stop losses and margin calls, which is “mechanical selling”. The mechanical selling (forced selling) will cascade and create a feedback loop where more margin calls are hit, more stop losses, etc etc until almost all profits of the last year or 2 are wiped. Combined with the emotional panic caused by extreme falling prices, it will make people think Bitcoin isn’t real and abandon it.

Next thing: the 1987 crash, while devastating in many ways, was completely recovered by the stock market in 8 months. Seriously! The worst crash ever was repaired in 8 months and the market has been much more healthy since then. It is up dramatically since those days, and that crash was just a blip on the screen.
The same will happen with Bitcoin, but my fear is that crash will be worse than even wallsteeters can handle, and it may shake you HODLers to the core.
But if you understand that the powerful selling is just a function of the leveraged previous buying, it’s just fundamentally an opportunity.
I will ride this hard as we lever up, and after an extreme period of euphoria, when Bitcoin is on every front page, when every HODLer owns a mansion, when your government-loving socialist neighbour is asking for your help converting money to Bitcoin, I’ll be lightening up heavily, waiting for the crash. I will bet everything at the bottom of the crash, and sail off into the sunset a crypto-god.

Good luck guys. I hope you weather the next 1-3 years with great savvy.

You can sell naked calls without the underlying asset with enough collateral / capital.

20% of the nominal value?
The way I understand the rules, there's a daily +/- 20% hard limit before trading stops, and the positions are regulated daily.

This should be spread among all hodlers. Not to spread FUD, but to inform everybody about it.

The sharks are pumping the price right now. Just hodl it.