Yes, there will be dips.
Yes, there will be peaks.
Yes, there will be pumps.
Yes, there will be dumps.

Just Zoom Out^TM, chill, and have a beer!

If you're scared about a dip, you need some HoDL training...

Don't give them your coins.

A rusty nut won't budge, and that's about the only good quality of a rusty nut.

HoDL.

If anyone has any viable alternatives, I'm all ears.  They're going to keep printing more from nothing.  New traders are probably being suckered in daily.  It's only going to get bigger.  Is there a way to collapse it gradually without causing an avalanche that brings the entire mountain down on us?

The only thing I can think of is some sort of educational campaign to highlight the dangers.  But I suspect the greed of traders will win out, just as it's been doing all along.  They're not going to listen to reason.

It's one of those cases where you want both sides to lose, heh.

I don't doubt the Attorney General's office are basically grasping in the dark, have no idea what they're actually looking for and probably wouldn't recognise it if they found it.  But at the same time, it's right that they should be suspicious of Bitfinex, who have been excessively furtive and rather shady in their dealings around the supposed "fully backed" nature of Tether.  It would be genuinely astounding to me if it turns out they really do have $14 billion USD in reserve, but something tells me they're never going to attempt to prove that's the case.  Last I heard of this ongoing farce, they'd amended their T&Cs to state that other assets may be used to back Tether, but didn't go into much further detail about what those assets might be.

I'll take this opportunity to give the usual reminder that people should only have funds on exchanges that they can afford to lose, particularly in the case of Bitfinex at the moment.  Also, if anyone currently has large sums stored in USDT, consider hedging with some other stablecoins (although, personally, they all sound as scammy and dangerous as each other to me, so I don't actually recommend holding any of them).

Gee, wonder why ol' Warren Buffett dropped all of his bank stocks earlier this year? He couldn't have been tipped off, right?  /s 

We’re certainly having to be far more patient this time around, compared to previous bull runs. I’m not the most patient person IRL but when it comes to The Corn, I have developed over the years an unfathomably strong ability to patience-HODL.

If you can develop a similarly strength, it seems guaranteed that the rewards will be immense. It’s just a matter of time. More specifically, how long can you remain patient? That variable will determine the degree to which btc will reward you. How big a reward you need is up to you.

That was my thought for the day while out for a run and microdosing

Sorry to be a wet blanket.  Writing a description for this thing for general audiences is bloody hard.  There's nothing to relate it to.

The confirmed science and math that Satoshi didn't understand has to do with how poorly this system functions as a currency. We tried it for a few years. It doesn't work. It's only a bad speculative vehicle, which now people realize and have been dumping for 4 years. The project failed. Neat idea, but fractional reserve banking is clearly better based on all proven and confirmed science and math. I'm glad Satoshi tried this out, but now we know it doesn't work and we can go back to the way things are proven to work best.

But when the ATH is breached, the real FOMO will start. Then the SEC morons like Jay Clayton will realise that invetstors do not need their approval to invest in Bitcoin. The obstacles they've built are not applied for Bitcoin. Peeps like Clayton and Mnuchin are bastards of the fiat adultery, while we are the true heirs of the only asset that will survive and get stronger with time.

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

it is an interesting endevour to think about the strange relationship between bitcoin, "blockchain" and "crypto". we all know that bitcoin is a scientific breakthrough and the first technology to have accomplished digital scarcity. since everything that becomes digitized enters a new dimension of usability it is no rocket science to expect an appreciation in price of the one and only truly scarce token that was able to digitize value for the first time in history = bitcoin market cap will rise.  

then came the shitcoiners, copy&paste the open source bitcoin code, change some arbitrary features (for example: faster block time), declare bitcoin is old tech and try to sell you their centralized scamcoin for bitcoin, yelling "tokenize everything", dismissing that only bitcoin is digitally scarce and call everything the you can bribe coinmarketcap.com into listing it a "cryptocurrency".

then came the "blockchain-not-bitcoin" marketing geniuses from the legacy financial space, declaring "blockchain" is the tech behind bitcoin (which it isn't, since blockchain is just a database structure) and further declare blockchain will change the world, yelling "tokenize everything", dismissing that only bitcoin has achieved digital scarcity and that digital scarcity cannot be pegged to the physical world.

the weird thing is that one side has created 6000 tokens with no use case (other than scamming) and the other side has come up with thousands of use-cases but not a single working token (or "blockchain" product) with real demand in the business world. that fact alone should should get the scammers and their targeted prey wondering.

not sure if there has ever been a new tech that was so profoundly misunderstood. there is no "crypto", there is no "blockchain-tech" there is only bitcoin, the rest is either a scam or a technical/economical shitshow or - in most cases - BOTH.

Sorry... I wasn't planning on derailing your thread... I just tought it was pertinent information for the people reading your press release
I guess a thread about this matter might fit in the service discussion, altough, to tell you the truth, it's a bit of a grey area and i'm not 100% sure where to put such a thread...

By the way: after the discussion about the extra thread has been finished, don't hesitate to PM me if you want me to remove my posts in this thread to keep it clean... I don't mind cleaning up my posts if they are derailing the idear behind your original post

Shortly after the miners' dump, we might have some good news from Microstrategy hehe. I reckon that the insitutions applying for an ETF and hoping for approval should move quickly. There might not be plenty of pumps left for them hehehehe.

MicroStrategy had previously indicated that it saw bitcoin and other alternative investments as a means to avoid inflation, noting that "it makes sense to shift our treasury assets into some investments that can't be inflated away or are less likely to be inflated away."

A new filing from September 14 indicates that the company might be eyeing additional bitcoin purchases.

Source https://www.theblockcrypto.com/linked/77719/microstrategy-bitcoin-reserve-purchases-250m

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.