New max supply post-burns

Cash remaining to buy cheaper btc in the coming days and buy additional opti for destruction. That will be all for now but details will come later on next buy and burn as looking for btc closer to 25k first to maximize.

BTC-Alpha recently suffered a security breach but is reporting all funds safe along with the following time line.

“Dear customers and partners!

At the moment, the BTC-Alpha team have found all the vulnerabilities that made a hack possible. We keep working hard to restore the platform as soon as possible. All the funds are still safe and secure. The exchange will come back to work in around 4-5 business days.

Thank you for your understanding and trust!

Best regards,
BTC-Alpha team”

BTC-Alpha has resumed functionality and all balances should be intact 👍

Greetings, opti has had a long year of accumulation. Unfortunately we can’t support much higher of a price for the time being but things are positive thanks to the continued support of Damian and Vlad. Opti has gone very heavy on Polkadot parachains as a way to add upside to OptiX and trading. Along with that opti has gained exposure to CSPR, MINA and XCH. The reason we chose to do all this is simply because Bitfinex greatly lags in listing interesting projects and we got sick of waiting for a coin to 10x before they list it. So our hopes is over the coming years this will be the catalyst to the next level. Opti has also redomiciled to Nevis this past year as Cayman Islands would have wanted extensive fees and requirements to be a VASP there now that the travel rule is in place. I’m hindsight it may have been best to do a shadow project with mystery team to forego the exp senses and hassles of being registered but here we are. Switching to Nevis was a heavy burden we paid close to $16k in attorney fees. The bull went to winding down and transferring opti to the cayman attorneys. Anyways, yeah it’s a bummer but opti actually had a pretty good 2021. The major outcome we take away from it is that Opti can continue forward in growth, the not bad news is the time line realistically is pretty long. Depending of course on the greater market itself. Also a great deal is tied now to the success of the Polkadot and Kusama ecosystem. So if that flourishes we will flourish greatly. Opti has plenty of cash though as well our cash and stable position currently is around $40k give or take. Optix portfolio is around a similar amount NOT including the parachains and exotic coin holdings such as CSPR and MINA.

Broader market, I think BTC is likely to experience a bit more positive regression from its recent drawdown to $32k. That being said I expect high volatility and a massive impulse within the next six months and more likely sooner. Similar to the impulse in 2018 that saw BTC fall from the $6k horizontal support zone to bottom of $3k AND also similar to the 2020 March COVID crash. Why you say? Because fractals suggest it. I think BTC has a very hard time getting above $42k or $43k near term. I will attach a recent chart. If you want to watch a line in the sand metric to know if btc is bullish or bearish look no further than the 365 day SMA historically we are quite simply bearish underneath and bullish above and you can switch the toggle back and forth if price flirts up and down above and under. That currently sits now close to $48k and a retest should not be ruled out. That being said, I think it will be difficult to get there so soon and more likely than not we will be rejected lower before testing it near term. Downside on BTC should another waterfall occur is likely capped around $19k but will be front ran so buying could start anywhere close to low/mid $20,000s. I also don’t rule out $31k holding on another move down to retest recent lows. How to digest all that, short term range likely $31k - $42k and looking into mid year our range opens up tremendously to $19k - $48k. Establishment with strength and positive narrative above the 365 day SMA would open the door to retest $53k again and possibly move onto attempt new high which likely is capped in the $70ks for now. The most bullish scenario would see BTC test $90k give or take a few thousand and I think it’s not likely given the cost of creating new coins still too cheap. It’s more likely we see this type of level deft halving or the one after possibly even. Don’t let people FOMO you into super moon price targets as no one ever calculates in marginal diminishing returns which is a fact of finance. We don’t just get 10x every 4 years that’s absurd. Anyways I also expect ETH to shine this year moving into eth 2.0 and we are hopeful actually to get a chance to buy it close to or under $1500 Q1 or early Q2. We would happily deploy bulk of free cash there as the regulatory risk is much lower.

New Burn:
Opti has accumulated roughly 3.86M opti’s since last burn in June 2021.

We have just executed a burn for this amount and the max supply of opti’s now sits just above 91,000,000 tokens. Roughly a 8.3% reduction in supply over 4 years. It’s not what we hoped but on a comparative level, it’s pretty good. Especially comparing it to coins who have emissions on average above 8% inflation a year. Which is just wild.. The same team will shit post money printing FED memes while they also emit even more currency on circulating supply yearly. Transaction for the burn rests here. Thank you for your patience and we will continue to grind in the background for opti Moving forward 👍

https://etherscan.io/tx/0x6dd1da39a641e44e98ef9490e67200df38adb8eee9b4f02fcff97dbd31fc3233

One more thing to add, oddly enough the best way you can support opti is probably by supporting these projects which are all cheap and really great projects:
Polkadot, CSPR, GLMR and Moonriver. Perhaps also MINA but we have a war chest of the first three and if those coins prices appreciate greatly in the next few years we will quickly move to a sleeping giant once again.

BTC chart as mentioned. Moving into Q2

BTC-Alpha a good partner for some years now is doing a fundraiser for medical supplies for people in Ukraine. From the team direct, link is fine. If anyone has been wondering a place to donate this is a fine source.

nowarua.com

Update on Btc-Alpha, they’ve been ok partners but unfortunately they’ve changed their term a few times and are requiring something we don’t feel secure about. Nothing personal to them but putting .33 BTC on there seems risky

Spoke to Damian and a few others and they agree. So yes Btc-alpha pair will not be around soon. We thought it’s better to add uniswap pair and perform operations there when Eth 2.0 approaches closer. We will burn the excess opti on there in the coming weeks. There was something like 6 million opti’s on there we thought why keep it around as potential team payments or anything as the whole team is like Me, vlad and damian really at this point and everyone kind of works pro-bono more or less. Other team members are around but dormant and that’s totally cool. Things are ok though and we have about 50% cash right now waiting for fed funds rate to max out I think we’ll see a bottom there. Maybe July

One more thing about Btc-alpha is the fees from volume creation was averaging about $300 - 800 a month DEPENDING THE PRICE OF BTC and that also weighed in the decision to let that go. That’s a lot of savings monthly. In hindsight it’s a lot of waste but I suppose all projects deal with that type of situation. Pay to play industry, more or less

Hey everyone, expect selling pressure in markets into October I think we’ll bottom there for a strong rally into year end although that will be short lived. Planning on trying to buy the market bottom on mostly ETH and then riding that out towards year end then we will list opti on Uniswap again as I don’t think it currently has a pair and we will buy and burn there. Exact details unsure of still on uniswap but will put as much liquidity there as possible for people. Will update here in a few months when we get into that process. Thanks for your patience

By the way, 2023 will probably be ugly most the year as well, but ultimately a buying opportunity longer term next year.