I guess that, by now, everyone has heard the rumour about tether artificially inflating the price of cryptocurrencies.
if this was true then price of cryptocurrencies should not have dropped at all. specially like this huge dumps that we keep on seeing like ETH going down from $1500 to $200 (-86% dump). So, who is holding 2.5B USDT tokens and what do the masses do with USDT(other than short-term[1-2 days] transfer of value)?
USDT is one of the shadiest altcoins out there that people keep on using. but looking at the 24 hour trading volume of it, there was $2.4 billion volume only today! it is not about holding it, it is about circulation. there are lots of trades taking place in the market every day and many of them are with USDT.
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you would only panic if you were bag holding ETH despite all the warning signs telling you to dump it before others dump and you lose money. otherwise this ETH dump and all the dump to come are only good signs because they are signalling better days ahead when ETH bubble is no longer an issue and we can start actually expecting pumps instead of hoping for them and seeing more dumps.
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first ETH has to be dumped down to go down to its real value then we can talk about bouncing back. although the real value of it is not easy to determine because its only utility is ICOs and they are failing these days. some say its value is below $50 though.
after it reached that price then it will surely starts having pumps again. although i doubt that it can ever go back to its ATH, that price was a one time thing.
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move advertisement and a lot more hype.
that is how the bigger ones have become successful. they spread the word any way they can. this is usually a bitcoin signature campaign where they pay participants to "spread the word" but it also is advertising on other platforms such as twitter, facebook,...
technically this should not be the way, and the real way should be the ICO having some real utilities but since none of them do and they have no plans on having it either, the only way remaining is advertisement.
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considering how bitcoin has been rising so far this prediction is very unlikely to be on the mark. the price should already be a lot higher than $96k after 5 years. and that price should be reached a lot sooner.
consider the last rally that we had. it started back in 2015 and ended in 2018 and price went up 13200% in 3 years. even if this rate is reduced and we see a slow version of it in the following 3 years (like 10000%) price should be $650k by the end of 2021. also considering there is a halving in 2020 i'd say above $500k is easily achievable.
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there is a lot of indicators showing that bitcoin trend is going to change and tell us there is a rise on the way but at the same time there is one big indicator in the opposite direction telling us that the rise is not going to happen that easily. that opposite indicator is the fact that ETF decision is on the way and there are newbies who might want to panic sell because of it.
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Bittrex is right in demanding compensation from the BTG team. Who should be in charge of the network security if not the dev team which decided to fork BTC for their personal gain?
BTG is a shitcoin, there is no doubt about it. but there are hundreds of altcoins that are worse than BTG out there and many of them are actually listed on Bittrex exchange and they have also had the same security flaws in them. why didn't their team ask those coins for compensation? besides everyone seems to have forgotten to take a look at conditions of the open source projects in their license called MIT license! the project is released as is, the team is not responsible for any losses. in fact it is the dumbest thing to "demand" anything from the team! somebody needs to send Bittrex a link to the license so that they can read it and not be a newbie anymore https://opensource.org/licenses/MIT
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I'm still not convinced we need those ETF's for Bitcoin, this whole situation creates a lot of unnecessary FUD wich keeps the price of Bitcoin down.
truest me, nobody is convinced about it. there is just a group of people who want to push for ETFs mostly because they think ETF is the salvation for bitcoin to get out of this $6000< <$7500 range. that is why they want it to happen although deep down all the evidence shows ETF is more harmful than good.
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it is the nature of these tokens and nothing you can do about it to change that. anybody who has ever received one of these tokens or anyone who has bothered to look at the charts of the previous ones knows well enough that they all will get dumped big time and that means as soon as you receive these tokens you must sell them because that is the highest price you will ever get for these kind of token.
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no, simply it is because bitcoin is not some altcoins that can be pumped just because you want it to rise. bitcoin will only have rises or nothing at all. it is the altcoins that get pumped and then inevitably they get a dump where they come back down to the price where they begin the pump with and in some cases even lower prices than that and some of them even die.
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use the link mocacinno gave you above to find the trusted bitcoin wallets that you can use based on their platform. and also make sure to search about cold storage https://en.bitcoin.it/wiki/Cold_storage since that is the most secure method of storing your bitcoins and away from getting hacked. you can use any of the desktop wallets above for cold storage on an offline computer and you can use any wallet to create a paper wallet which is another form of cold storage but bitaddress.org is easier to use.
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nowadays everyone knows that when you spread FUD there are newbies that panic sell so you can pick up the bottoms and make a lot of profit. so when some of them gain the power to spread the FUD to more people they take advantage of it like the news sites spreading FUD. they too will benefit from a drop.
but the thing is, newbies aren't always going to fall for the FUD and doing this more means people will catch on.
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There is definately lot's of manipulation on the market. We hear some bullish news lately but the prices keep dropping.
And people keep falling for it , as for the market, we have been awaiting the bull market for quite a while now, and the future isnt looking upyou have fallen for the FUD too. in the past couple of months you have been told that bitcoin is going to fall down more but it has been holding the bottom strong and staying above it despite all the attempts at manipulation.
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the overall outlook for bitcoin is bullish and it will remain that way but in the short term it is currently impossible to predict what kind of market we are going to have unless price can break some of the major resistances such as $8000 for example then we can be more confident about the trend that bitcoin is following. for now it is sideways with a very strong bottom at $6k.
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first we need more usefulness then we need more adoption of that useful coin and finally we don't care about ETFs at all.
in other words the altcoins first need to come up with innovative ways of becoming a good currency that can be used in real world and not just stay on exchanges for pump and dump. and for that they need to give up trying to compete with bitcoin by manipulating the market cap, block speed, block size,... they need to actually work on real features that are secure and useful at the same time.
if that happens then the adoption of them will be so much easier and with it their prices will grow up a lot faster and much easier. who needs ETF when there is merchant adoption? look at bitcoin...
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Is there anyone who knows a trusted and reliable crypto pump Telegram group ?
show me a trusted and reliable thief, scammer, murderer, scumbag,... and if you could then i will show you a trusted and reliable pump group. I made some researches on the net but most of the groups I found seem not to exist anymore or offer their service for money.
why do you think is that? it is pretty simple. they either fail to gain enough idiots to scam so they close the group and start a new one to try again or they gain idiots but they are not enough to make enough money so they ask for money to join their scammy group so that they can directly rip you off
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the first time i heard about Ethereum futures it was last year when bitcoin Futures was getting hyped up and it was purely for pumping purposes that they spread this fake news. now nothing has changed. the news is still as fake as this topic and it won't ever happen.
although it would be interesting to see how additional shorting opportunity and big money shorting ETH coming in can result in the finality of ETH dumping price. even bitcoin had some trouble because of the manipulation and futures dumps since they were shorting bitcoin. an altcoin like ETH which is already getting dumped can be damaged severely and have much bigger drops.
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I think it's hard not to worry about falling prices if you bought at peak. No one knows exactly what awaits us in the future, and look at how your Deposit melts every day - sad.
why did you buy at the peak? that's the question that you should have been asking. if someone waited the whole 2017 and didn't buy out of ignorance and then bought at ATH out of FOMO they deserve to lose money. it is not our fault.
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the funny thing is because people kept paying him attention and repeated his bullshit over and over, he could make $1 million dollars multiple times with his advertising the ICO scams and getting paid to do it and also the altcoins he pumped and dumped and made profit...
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at least 2 weeks after the ETF decision comes out. because i believe they are going to reject this ETF too just like the previous dozens of ETF that they have been rejecting all this time. and when they reject the ETF bitcoin may drop back to $6500 again and that 5% drop can start another 20% to 30% dump in altcoins.
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