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4561  Bitcoin / Bitcoin Discussion / Re: How risky is Tether to Bitcoin? on: January 12, 2021, 05:37:53 AM
Everyone should read this article and know more about Tether. Everyone's lack of research and knowledge is showing and it is quite upsetting. In any case, this is an introduction on the history of Tether, the controversy behind it and the questions that we should be asking.

https://bennettftomlin.com/2020/12/08/an-introduction-to-the-tether-bitfinex-controversy/
4562  Economy / Speculation / Re: Tether on: January 12, 2021, 05:06:06 AM
@jubalix. Tether has become a systemic risk for bitcoin. We can only ask questions and speculate on its legitimacy, however, the NYAG is after it and it would not be surprising if other government agencies would also begin their own investigations because of money laundering, fraud, illegal security issuance and market manipulation.

I am shaking my head because USDT is 50% or more of bitcoin's volume. Amusingly, this questionable company called iFinex has bitcoin underpinned.
4563  Bitcoin / Press / Re: 2021-01-11 Yahoo - Btc Biggest Plunge Since March Shakes Faith in Crypto Boom on: January 12, 2021, 04:41:32 AM
CNN has also published an article that the bear market has begun hehehe. What is happening to these journalists? They should investigate more important issues in the cryptospace like Tether and have those issues' questions answered.
4564  Economy / Exchanges / Reviews for FTX exchange? on: January 11, 2021, 05:05:23 AM
Can anyone tell me their experiences in using FTX exchange? How is the site’s software, KYC process, withdrawals and what do you think of safety of users funds on the site?

https://ftx.com/
4565  Economy / Speculation / Re: The Big Short movie, BTC edition? on: January 11, 2021, 03:50:49 AM
There is a big dump on the whole cryptospace market and this is breaking all price support. Might this be because of iFinex, Bitfinex and Tether’s deadline of submission of financial documents on January 15?

There are people who like to spread FUD that January 15 is the judgement day if Tether is taken down or not. This is FUD. It is only a day of submitting documents and I speculate that Tether will submit a big data dump of millions of blockchain transactions to stall the investigation hehehehe.
4566  Economy / Speculation / Re: Michael Saylor goes nuts: he predicts a $15 million Bitcoin price. on: January 11, 2021, 03:36:00 AM
His larping and optimism will be tested if bitcoin was dumped back to $10k where his position will certainly be on a loss. I speculate he might be one of the first whales to dump because of fear that it might affect Microstrategy negatively hehehe.
4567  Bitcoin / Press / Re: 2021-1-2 Coindesk - Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy on: January 11, 2021, 02:26:08 AM
Where do you think the printed money goes? It certainly doesn't go in my pockets, let alone in yours.
https://fred.stlouisfed.org/series/CURRCIR
https://tradingeconomics.com/united-states/money-supply-m0
Yes, it's logical to me: the more they print the more they sustain the crippling economy.
You're right on one thing though: where the heck is inflation?

I cannot disagree if you are implying that bitcoin is being glaringly manipulated. Tether is 50% of bitcoin’s volume and they can infinite print USDT without regulation to continue the pump.

However, it appears everyone in the forum will call it FUD if I ask questions about this.
I wasn't specifically talking about tether but, FUD or not, I believe that the same that's been done by central banks with markets can be applied to what UDST printing is doing to the bitcoin market. I'm basing my thoughts on what I see and, hopefully, these facts can't be denied.
How that is going to unfold? Who the f knows!

You were not talking about Tether, however, Tether printing might be one of the causes of why bitcoin is presently pumping. Many people would tell me this is FUD, however, where are the audits and other documents? Why is Bitfinex and iFinex taking very long in presenting them?

@cr1776. Do you trust Bitfinex, iFinex, Tether and think they never printed unbacked USDT?
4568  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: January 10, 2021, 04:38:14 AM
@suchmoon. Yes hehehe.
4569  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: January 10, 2021, 03:58:41 AM
Redskins defense has no pass rush? They are giving Tom Brady much space to throw the ball. 10 minutes more, I worry Redskins might not cover +8.5. Sad

Also, why did the Colts choose to throw the ball on the 4th down instead of the field goal to force an overtime?
4570  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: January 09, 2021, 10:00:00 PM
Bills -3.5

I'm off to a good start LOL

Now I gotta root for seachickens ugh



Hehe yes. 4th quarter was for the Colts. This is the perfect result for me, however. Colts +6.5 covers the spread and Mr. MVP Josh Allen goes to the divisional round.
4571  Bitcoin / Bitcoin Discussion / Re: Bittrex delisting XMR, DASH and ZEC. Will this affect Bitcoin? on: January 09, 2021, 05:42:50 AM
It appears the regulators are pushing anonymous coins to grey market exchanges without KYC and decentralized exchanges hehe. This will be their mistake hehe. This will cause the grey markets to grow as the demand for anonymous coins grow. Regulators should want them in compliant exchanges where they can monitor them.
4572  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: January 09, 2021, 04:50:31 AM
Also, there is playoffs Henry who is very much different from regular season Henry hehe.

Hehe, if Henry will be even better in POs, then he has to rush for like 300yds. He already had one hell of a regular season and with 81yds more, he would have had the record for single season rushing yards, which is held by Dickerson with 2,105yds. Lets see, I like him, so would enjoy if he manages to find a even higher gear in POs Grin
That is a scary thought, Henry had an MVP level season if he is capable on improving upon his own performance then the Ravens are in trouble, however during the regular season when the Titans and the Ravens played each other Henry ran for 133 yards with 1 TD in 28 attempts, so he had a good performance but not anything close to what we know he can pull off when he is inspired.



This Super Wild Card Weekend is crazy I am getting worried that I will have to pull off a Homer Simpson if I want to watch the 3 games 2 days in a row.

Source: https://tenor.com/view/botana-the-simpsons-homer-couch-potato-movie-marathon-gif-5945711

Hehe I only care about the games of the Bills and the Colts, and the Titans and the Ravens. I do not understand why the best games for the wildcard are the first to play for each day.
4573  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Tesla Fight! on: January 09, 2021, 04:31:43 AM
What if they have the same investors? Lol. I think this is way better for a gambling discussion instead of just a standard thread. It’s going to be more entertaining when it comes to the point where one stock or one as it will dump. I think the disadvantage when it comes to dumping Is bitcoin because they’re a lot of holders of bitcoin and compared to the Tesla stock. They have the majority of stakeholders on it and probably not going to sell out anything soon, But with bitcoin, you will never know who or when they will sell out some of their stacks.

Similar investors or pumpers hehe? All different markets behave similar when the bubble stage is beginning. It will pump very fast then also dump very fast.

In any case, this news article. Will his gamble be right this time?



Michael Burry, the investor whose billion-dollar bet against the US housing market was immortalized in Michael Lewis' book "The Big Short," predicted that Tesla stock would suffer a similar downfall.

"Well, my last Big Short got bigger and bigger and BIGGER too," Burry tweeted on Thursday.

Tesla's stock price jumped 8% that day alone, adding $60 billion to its market capitalization - equivalent to "1 GM, 2 Hersheys, 3 Etsys, 4 Dominos, 10 Vornados," he continued.

"Enjoy it while it lasts," the Scion Asset Management founder and boss added.


Burry disclosed in December that he was shorting Tesla, and he called for CEO Elon Musk to capitalize on his electric-vehicle company's "current ridiculous price" by issuing shares. "Sell that #TeslaSouffle," he added

Burry was portrayed by Christian Bale in the movie adaptation of "The Big Short." He has adopted the Twitter name "Cassandra," a reference to the priestess from Greek mythology who was cursed to share true prophecies but never to be believed.


Source https://markets.businessinsider.com/news/stocks/big-short-michael-burry-predicts-tesla-stock-price-housing-bubble-2021-1-1029943006
4574  Bitcoin / Press / Re: 2021-1-2 Coindesk - Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy on: January 09, 2021, 02:16:39 AM
Where do you think the printed money goes? It certainly doesn't go in my pockets, let alone in yours.
https://fred.stlouisfed.org/series/CURRCIR
https://tradingeconomics.com/united-states/money-supply-m0
Yes, it's logical to me: the more they print the more they sustain the crippling economy.
You're right on one thing though: where the heck is inflation?

I cannot disagree if you are implying that bitcoin is being glaringly manipulated. Tether is 50% of bitcoin’s volume and they can infinite print USDT without regulation to continue the pump.

However, it appears everyone in the forum will call it FUD if I ask questions about this.
4575  Economy / Gambling discussion / Re: Gervonta Davis vs Ryan Garcia on: January 08, 2021, 03:57:20 AM
Is this fight going to be a certainty this year or did @suzanne5223 only speculate that this would happen this year? The best of the best in boxing usually avoid each other or take the negotitations very long similar to Floyd versus Pacman.

Another fight that should be given to the fans is Terrence Crawford versus Errol Spence.
4576  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: January 08, 2021, 03:36:46 AM
I am looking at the teams records and statistics. Something in me is saying that all the favorites might not cover the spread except for the Steelers. This is the playoffs with no fans. This might be more favorable for the underdogs.

Colts +6.5, sorry Josh Allen.
Redskins +8.5, should only be 6.5?
Titans moneyline and over rush yards for King Henry.
4577  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: January 08, 2021, 02:55:53 AM
@ notblox1. The limited fans in the arena news might only be for marketing and clickbait. Those fans might only be the fighters’ coaching staff, family and friends who are invited by private plane by Dana.

Khabib might be there to support his cousin hehe. Conor should trash talk if he wins hehehe.
4578  Bitcoin / Press / Re: 2021-1-2 Coindesk - Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy on: January 08, 2021, 01:27:22 AM
@figmentofmyass. However, look at the chart. This appears to be very similar to a bubble ready to burst. Similar to the 2 bubbles bitcoin has witnessed in the past. You reckon institutions would take that risk by buying today? Also, if the market is really manipulated by them, would it not he better to buy the bottom and manipulate it to sell during the height of the pump?
Like figmentofmyass already explained, I think they can sustain whatever price levels they want. Before the covid19 crash that happened in March, wall street was in a bubble too and it popped. Nonetheless, here it is at those prices again without any actual link to what's happening in the economy.
Maybe bitcoin price is going up to a certain point and then it will magically pop because of some unforeseen (or carefully planned) black swan.
I have 100% confidence in bitcoin as an asset and as a technology but I don't trust what drives the market right now.

They can sustain whatever price levels they want? Where would all the unlimited money supply to sustain it come from? How would this not affect inflation? What you say is not logical.

Also, we have already witnessed financial bubbles burst because it cannot be sustained. 2007 housing bubble, 2014 and 2017 bitcoin bubbles and few other financial bubbles in history. Read them.

@cr1776. However, if you looked at the chart, does this stage of bitcoin’s price not look like in a stage of a bubble? Is this sustainable? Are the institutional investors’ funds unlimited to sustain this trajectory?
4579  Bitcoin / Press / Re: 2021-1-2 Coindesk - Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy on: January 07, 2021, 07:47:15 AM
@figmentofmyass. However, look at the chart. This appears to be very similar to a bubble ready to burst. Similar to the 2 bubbles bitcoin has witnessed in the past. You reckon institutions would take that risk by buying today? Also, if the market is really manipulated by them, would it not he better to buy the bottom and manipulate it to sell during the height of the pump?
4580  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: January 07, 2021, 05:53:16 AM
Here are the early odds:


Source: https://www.oddsportal.com/american-football/usa/nfl/

At first glance and with covid issues probably still to come, this looks all ok-ish to me. Bills are a bit low, but just a bit, maybe weather is already factored in. Though I kind of like the Titans I don't think they will look particularly good against the Ravens with the porous defense they have, so 1.5+ looks good here and I also like the over; this can go well into the 60's.

I have only begun looking at this.

Titans without handicap. Regular season Lamar is different from playoffs Lamar hehe. He was my MVP for last year, however, he has shown to be very useless during the playoffs.

Also, there is playoffs Henry who is very much different from regular season Henry hehe.
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