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@Sithara007. You understand, good. I have been telling everyone about this on another thread in the speculation subforum, however, they have called it FUD even if the argument was based on facts. How can anyone call it FUD if it was facts based? It is speculation.
Also, I speculate the market makers in the exchanges themselves would remove their coins from the USDT markets. Yes it might cause a pump in the beginning because of low liquidity from the sell side, however, it will certainly dump later on.
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The paradigm shift is mostly not on LTC currently, everyone is concentrated on bitcoin and few altcoins that could be generating instant ROI, demand for litcoin would be another theory that is playing a reversal trend in price comparing to how other coins are sailing smoothly.
All growth of speculation in altcoins are presently going to Defi. Many of these Defi are rugpull scams, however, Defi as a concept, similar to the ICO as a concept, will have a postive future in the cryptospace, I reckon. |
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@Sithara007. My biggest concern is the Democrats might attack and takedown where they can also hurt the whole cryptospace. Tether.
There are a few people in here who are certain that bitcoin will pump if Tether was taken down because they would exit Tether by buying bitcoin hehe. This is comedy.
If that is where Tether is going where can I sign for it?  It would be a great happy ending. All USDT in circulation would finally move back to BTC where they belong. Apart from that, that's something I fail to understand: it's only a mere 1:1 representation of a dollar. There has been more to it to let it grow above many $B of capitalization. There are many stablecoins around but tether has always been the preferred choice of traders, speculators and you name others. Even though, I might be happy if it disappears, I don't think we will ever have something similar if it blows up. And decentralized alternatives struggles to take off, unfortunately. I very much disagree that Tether USDT holders can pump bitcoin when the takedown begins. You as a bitcoin holder, why would you sell your bitcoins for something that you know will be worthless after takedown? |
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@notblox1. There was news that John Kavanagh said Conor was harrassing the UFC and he was demanding for the rematch immediately. I speculate Dustin will also oblige. This is his chance to earn his retirement money.
@TopTort777. Ben Askren was also outboxed by Damien Maia hehehehe.
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@Sithara007. My biggest concern is the Democrats might attack and takedown where they can also hurt the whole cryptospace. Tether.
There are a few people in here who are certain that bitcoin will pump if Tether was taken down because they would exit Tether by buying bitcoin hehe. This is comedy.
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The cryptospace will become fragmented similar to how the financial system is fragmented instead of being one whole ecosystem for payments and finance for users without the banks.
the regulated space---exchanges---will become more fragmented, yes. my hope is this will simply drive more and more people towards the p2p economy. the feds can regulate businesses to shit, but they can't stop me and you from transacting with bitcoin, anymore than they can stop us from using cash. Agreed, however, we have also witnessed that much of the people in the cryptospace are only here to speculate on their favorite coins and sell them for fiat. I am not very optimistic about regulations to drive more people to the p2p economy. I predict they leave when the regulatory crackdown begins and look for the next hype. Reddit users appear to be in on Gamestop stock and other equities hehehe. |
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Hehe it was Trump who was ok for bitcoin. What he says about his stance on bitcoin might be negative, however, his policies never went out of their way for a clear takedown of the cryptospace. it was the trump administration who just tried to sneak through horrible crypto regulations at the last second---namely, the "travel rule" (KYC on $250+ cross-border transactions) proposal and the "self-hosted wallet" proposal. the former is horrible on its face. the latter will result in this: If you're using Bitstamp, now might be a good time to ditch it.Bitstamp exchange crazy new KYCbiden might end up being worse for crypto, but fuck trump. Biden will end up very worse and very aggressive against the cryptospace. This might make us wish it was still Trump and his men in charge hehehe. In any case, this article talks about how Trump’s presidency and his appointees might have created a lenient regime for the cryptospace. I would argue that we might not have witnessed bitcoin’s new all time highs if it was Hilary who won on 2016. The Trump administration was largely friendly toward the industry (with a few notable exceptions), and ushered in a wave of regulations and products that were welcomed by the crypto community. The Trump administration stopped short of actually setting a policy direction, however. Almost all of the crypto-friendly actions were conducted by the regulators he nominated to various posts, and no significant legislation on the crypto space was passed or signed into law.
Source https://www.coindesk.com/trump-presidency-crypto-legacy |
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@bryant.coleman. America will never allow competition. It has always protected the dollar and its sanctity. I reckon it was one reason why America invaded Iraq on 2003 because Iraq began policies for dropping the dollar for crude oil trading on 2000. The American government did not take this lightly. Baghdad's switch from the dollar to the euro for oil trading is intended to rebuke Washington's hard-line on sanctions and to encourage Europeans to challenge it. But the political message will cost Iraq millions in lost revenue. RFE/RL correspondent Charles Recknagel looks at what Baghdad will gain and lose, and the impact of the decision to go with the European currency.Source https://www.rferl.org/a/1095057.html |
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Does anyone think the news on Janet Yellen being confirmed as the new treasury secretary really causing this dump on bitcoin? We know stricter regulations might be coming, however, might this only be an overreaction by participants of the market? I speculate we might have another pump.
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There was recent news from Albania that a gun running organization (supplying weapons to the Syrian war) with wahabist links had increased it's control in the famously violence infested corner of south-eastern Europe. guess who was helping fund them? (and using which currency/payment network?). I expect you all need only one guess  If Janet Yellen has proof that Bitcoin funded terrorism, it's likely because her partners in crime at the CIA gave her the information, and they only know because they provided all the guns and the Bitcoins for the deals with the terrorists I reckon for Janet Yellen and all the Democrats, it does not matter if the information about bitcoin and terrorist funding is true or not true. They only want a campaign against terrorism where they can put billions of tax payer’s money in and take much of it for themselves. Bitcoin will only be a casuality in the Democrats’ war of terrorism. Also, those bitcoiners in social media who larped for Biden will be those similar people who will complain about Biden. True. All those people who thought statists and collectivists like the Biden admin would be good for bitcoin were delusional. People who want power over others would obviously be anti a pro liberty technology. Hehe it was Trump who was ok for bitcoin. What he says about his stance on bitcoin might be negative, however, his policies never went out of their way for a clear takedown of the cryptospace. In any case, we will see the difference with Biden in the next 4 years. I speculate the next cryptocoin pump might be the last. |
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@cr1776. However, even with 20/20 hindsight, it did not end well for the analysts. After end of the day, the American traders dumped their coins back to the market causing a return to Asia’s opening price. What would the analysts tell everyone now hehehe.
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Oh, even only with derivates/futures, this could be hugeeee!
Just to balance the potentially over-bullishness of this thread: though I highly doubt it, since this is going to be a derivatives/futures trade, let's not completely ignore that there's a very small chance that this could be a short position. Agreed! I was also about to say this. It appears that hedge funds and other types of investment and banking groups might have learned on their own overconfidence during the housing bubble of 2007 and 2008. This is their time where they want to be on the correct side of the big short hehehe. |
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The game was disappointing, the Bills never really had too much of a chance, Allen was under pressure all game and had no time to find his receivers, Mahomes looked good even if I still think he is not 100% recovered of his toe, unfortunately KC lost their left tackle for good and will not play the SB. For the NFL experts. Does Tom Brady have better players around him with Tampa Bay than with the Patriots? They are 2nd in passing yards during the regular season. Did Bill Belichick make a misjudgement on upgrading his quarterback?
The receiving core on Tampa Bay is probably top 3 in the league while the receiving core on NE is the worst in the entire league, I will be honest even with Brady there I do not think NE could have made it to the playoffs, so from a purely team building perspective it makes some sort sense to let Brady go and begin the rebuild a year earlier, however this was done when there was no one behind Brady to take the team and Belichick had to hire Cam which was a disaster. Agreed. The end of Josh Allen’s season. I bet on the Bills +3. I thought Mahomes’ neck injury or the news of his neck injury would cause him not to play good for the whole game hehe. Also, Tom Brady the goat. You cannot hate on him. |
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@SaShiRaJaVu. Dana’s new storyboard might be Conor versus Nate Diaz trilogy first to make his image recover assuming he gets the victory. Next after this might be to run another storyboard for another trilogy on Conor versus Dustin.
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For the NFL experts. Does Tom Brady have better players around him with Tampa Bay than with the Patriots? They are 2nd in passing yards during the regular season. Did Bill Belichick make a misjudgement on upgrading his quarterback?
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Another surprise Conor McGregor is knocked out by Dustin Poirier  . Now Dana White will be angry that the Khabib rematch will never happen. Now Khabib can face Michael Chandler as McGregor rematch is out of the picture. It's the biggest surprise of this event, this is a big turn around for McGregor, the Pacquiao fight might not push through now, he is the heavy favorite here but Poirier wants to make the fight even, we might see a trilogy on this one and we will see Khabib mocking McGregor after this loss, I guess Mcgregor invincibility in the ring is gone, great performance for Poirier this one is much better than the Khabibi Mcgregor fight. McGregor was out for so long that it seems he lost his touch with the sport. At least in this game. The Pacquiao fight just got a $XX.XXX.XXX devaluation! Which is good and can lead to more normal PPV prices. Agreed, it appears some power in Conor’s punches are not there. Is it the whiskey hehehe. I reckon the Pacman fight might also not be in any chance of being organized after the loss. There is no more hype. |
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Coindesk is saying that the correction from $42,000 to $32,000 was caused by the double spent event reported by BitMEX. But from the pattern I saw, it more closely corresponds to the reaction towards the statement from Janet Yellen. A few days back, she made a statement hinting that measures would be taken to outlaw the trading and transfer of Bitcoin. A number of institutional investors took a serious note of this statement.
The double spend news is clickbait. It might only be a whale or group of whales who decided that they want to sell their bitcoins because the profit might be enough for them already. Can it not be as simple as that? @MicroGuy. I always see the argument for big blocks and decentralized exchanges, however, have never seen them used in volume that matters. We cannot be blind, the cryptospace is being regulated and controlled. |
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Bad news... fight Ottman Azaitar vs. Matt Frevola and Nasrat Haqparast vs Arman Tsarukyan are canceled and removed from UFC 257 fight card  Ottman Azaitar was one of my UFC picks this time but he missed to show up for weigh-in, and similar thing happened with other mentioned fighter Nasrat Haqparast. Good thing is that main and co-main events are confirmed! Ottman Azaitar was also removed by Dana from the UFC for violating safety protocols. It appears that he does not care for this sport or his career in MMA. As reported by Farrah Hannoun of MMA Junkie, Azaitar and his team cut their wristbands and handed them off to individuals who were outside of the safe zone, who were then snuck past security members. The entire ordeal was caught on camera.Source https://www.mmanews.com/2021/01/ottman-azaitar-released-by-ufc-for-violating-safety-protocols/On more lighter news, Conor donated to Dustin Poirier’s The Good Fight Foundation. Similar to how good and entertaining it is to watch the bad Conor, the good Conor is also not bad to watch hehehehe. Dustin Poirier has confirmed Conor McGregor has donated to his charity, the Good Fight Foundation.
In the making of this fight, originally, McGregor and Poirier were arranging their own exhibition bout with the Irishman donating to Poirier’s charity. However, the UFC ended up making the fight, but “The Diamond” revealed McGregor kept to his word and donated to the charity.Source https://www.mmanews.com/2021/01/dustin-poirier-confirms-conor-mcgregor-has-donated-to-the-good-fight-foundation/ |
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@ilhamsugihamin. You have missed the whole point on why this might have a bad outcome. The cryptospace will become fragmented similar to how the financial system is fragmented instead of being one whole ecosystem for payments and finance for users without the banks.
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@malevolent. It might also be those audit firms being afraid to discover accounts of Tether’s clients that might bring them threats of bodily harm if they publish the real report hehehe. I am clearly joking, however, we certainly do not know and it only brings more questions.
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