Future of Bitcoin

Investing / Cryptocurrencies
1980

Funny, I was just looking at LN transactions between exchanges. Kraken is upping their fees for the lower tier 30-day volumes:

Tier Fees
$0 - $10,000 0.25% Maker, 0.40% Taker
$10,000 - $50,000 0.20% Maker, 0.35% Taker
before 0.16% Maker, 0.26% Taker

Transaction costs (in BTC) between Kraken and Binance over LN:

Exchange Deposit Withdrawal
Kraken free free
Binance free 0.000001
Bitfinex free 0.000001

I don’t know if there are any nodes in between, and what they charge. @stojano ?

Edit: Added Bitfinex

1981

I have found exactly 3 exchanges operating with Lightning Network:

Kraken
Bitfinex
Binance

Didn’t use Binance. LN transfers between Kraken and Bitfinex does not incur additional costs. Same with the transfer to Lightning wallet inside the mobile Exodus app.

1982

From Kraken I never paid a sat for a LN tx. From Binance just the mentioned… There is a channel between Binance and Kraken. And 0.0199btc is the max you can send at once (at least from Binance).

1983

Where are you taking this info from?

1984

Email, and it is also mentioned on Reddit.

1985

That’s scary than we didn’t have a red monthly candle since 6 months :sweat_smile:

1986

Im still waiting for the 10k candle…

1987

stupid question: why do you send the BTC not directly to Kraken from your wallet but do it indirectly via Binance?

1988

just had some BTC on binance…

1989

Just logged in Binance and realized i was sitting on a 800% unrealized gain in PEPE. From 1 to 8 usd :sob:

1 Like
1990

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1991

Check out this video, it explains why the performance calculation is bs if the initial value is very close to 0.

Its in german.

1992

Only roughly +37% to 100k, less than what we did the last month (+47%). So 100k before halving?

1993

There was more than $1 billion in net inflows to the bitcoin spot ETFs yesterday, probably nothing.

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1994
  • Bitcoin ownership is widely distributed across a variety of groups. 74% of Bitcoin owners hold less than around 0.01 worth of Bitcoin (~$350 as of November 6th, 2023).
  • Around 40% of Bitcoin ownership falls into identifiable categories, including exchanges, miners, governments, balance sheets of public companies, and dormant supply.
  • Significantly, some of these groups represent “sticky supply,” which could increase the impact of demand related tailwinds, including the 2024 Bitcoin halving or a potential spot Bitcoin ETF approval.

I found these facts from Greyscale interesting. Approx <10% of investors had >3500 USD exposure to bitcoin as of Nov 2023. Seems to me that there are some very large investors (most likely the early investors) who are profiting the most from the current bull run while a majority of people might have less than 1000 USD exposure to Bitcoin (assuming more than 100% return since Nov 2023). Am i reading it correctly?

https://www.grayscale.com/research/reports/demystifying-bitcoins-ownership-landscape

1995

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1 Like
1996

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1997

What time of day CET do they usually dump it, so I can BTD too? :sweat_smile:

1998

Well, I read this: it should be now at 100k+…
so as long you buy at these prices, you may say thank you to BlackRock :rofl:

1999

Selling perpetual BTC futures gets really good returns at the moment. Have a look at Kraken’s funding rate. This month, it was over 0.007 %/hr more often than not, and for one exception above 0.

r_{annual} = {r_{hourly}}^{24 * 365} =1.85

So, an annualized performance of 85% for providing liquidity. I’d at least try it if I had an investment LLC.