Tether seems to be stable during this bloodbath in cryptospace. Too bad I haven't invested in that. If you want stable, "store of value" coin, Tether is the answer.
Not surprised you have no merits. Dammit, why can't I demerit you??  |
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This whole SEC/CFTC crypto hearing is such bullshit. Just a circus sideshow.
Everybody thinks that the support expressed for the crypto markets in the hearing is brand new news.
But their documentation and talking points are merely shit that they already hashed out over a YEAR ago when they were planning the inception of the Bitcoin Futures markets to begin with. The SEC and CFTC are already onboard and have been for over a year now. No one needs any more convincing.
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I want to see a meaningful bounce above $9500 before thinking this is over.
Why not 12k $ ? Because $9700 is right at the top of the downturn resistance trendline. |
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Therefore the price of alts is tethered to the price of bitcoin.
Which all the crypto kiddies and shitcoin traders fail to understand. Because of this, there will never be a 'flippening'. Bitcoin is king. |
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After this brutal dump, we would probably need at least a couple of recovery days weeks or possible a couple months to believe that's all finished.
FTFY |
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Theres no such thing as a cost of production for bitcoin. The bitcoin difficult is adjusted every 10 minutes to account for network competition. Mining doesnt affect price - other way around.
Perhaps, but once new mining hardware has been put into operation and new power lease deals have been struck (often 6-12 months in advance), miners are reluctant to turn off mining rigs in response to a falling price, which in turn keeps the hashrate up. So they would rather withold newly minted coins in order to restrict supply, thin the exchange floats, and thus get a better price. Which keeps their ROI up and thus the price up. |
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“piggybacking”
I highly doubt that Bitcoin is being leveraged as collateral for, or being tied to, any other investment vehicle at this point. That may change in the future with ETFs. But for now, nada. They are full of shit on that one. |
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Been told by who...?
I received the news via a personal phone call out of the blue from Jake the Snake Roberts. I was muchly taken aback but instantly knew it was the real deal. Trevon and Tai told me the same thing. |
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Looks like another day of pain for the stock market. Dow down 2.5% in pre-market.
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The floor is in. A certain family member just sold, the poor bastard.
Could be. Had someone I know swallow a 50% loss and leave. The problem of course is they aren’t coming back any time soon so where the fresh money will come from? From us, at least in part. Most of my fiat profit is straight from the clonecoin dump. Been waiting to see if I get richer in fiat or btc for a while now. I have learned that the best time to buy Bitcoin (or any asset really) is when no one else seems to want it and has completely forgotten about it. The relatively high volatility still tells me that we're not there yet. |
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You know what's cool?
Folks like Tim Draper, the WinkleVii, and even Loaded hodling like a boss. Just imagine those paper loses for a sec. But they look at the long term horizon, not the short term.
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gold pump in 3 2 1
Looks like it caught a little bid. I dunno tho, the powers have unlimited ammo to smack it down. |
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I find this odd. Banks are always trying to trap people into more debt. I get deluged with CC offers with 18-month, 0% interest in the mail almost every day. You would think that they wouldn't care about public risk. |
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It’s indeed time to call the bottom
1500 By Friday. Confirmed. Or perhaps even within the next 10 minutes. It's a toss up. |
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I´ve lost so much, that i dont care to lose the rest.. FU bears!
That happens when you throw your money in a pyramid scheme in the hope to get-rich-quick Somebody has to hold the bags for the "early investors" How did you earn so many merits with your stupidity? Did you make accounts just to give some to yourself? |
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$1500 in 1 week incoming.
lol bcash lovers..you can spot them from miles away. If Bitcoin were to hit $1500 again, I shudder to imagine what bcash and all the other shitcoins will be at. -$1 Indeed, I was just going to post something along those lines. By the rate many altcoins are dropping in relation to BTC they would have to turn negative it seems. If you do believe in a huge upturn soon amongst all crypto there is perhaps an opportunity to get into an alt and flip it back to increase your BTC stash. But it is always risky. There are so many pre-mined shitcoins out there in the hands of devs and greedy investors/traders, that wouldn't hesitate to dump them all in a skinny minute if they thought the market was going to tank this whole year. And with no mining operattus to support those coins from an ROI cost of mining perspective.... so no floor per se. |
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$1500 in 1 week incoming.
lol bcash lovers..you can spot them from miles away. If Bitcoin were to hit $1500 again, I shudder to imagine what bcash and all the other shitcoins will be at. |
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