|
902
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: May 12, 2020, 10:18:31 PM
|
If they print tether out of thin air and don't actually have the USD reserves, wouldn't that be just like printing USD out of thin air?
If tether is outed as a scam, wouldn't peopl just sell as much tether as they could for BTC? How would that make BTC dump?
"Tether is a scam so I'm going to sell Bitcoins for tether.." I don't think so..
If a scam came out wouldn't people just be dumping tether for BTC, WDing, and running away with whatever they could?
I don't see how this printing of tether is a bad thing for BTC..
They are just printing more buy orders for BTC, and if it turns out to be a scam, Wouldn't it all just get dumped for BTC?
How does a scam in tether hurt BTC? Wouldn't it just reinforce the fact that Bitcoin is scure, and other shitcoins like centralized tether are not secure or safe compared to Bitcoin?
You are correct that tether going down doesn't directly impact BTC. But indirectly, Tether and Finex have the same owners, so if Tether will go down expect it to take Finex down with it. People loosing $6B in tethers and another exchange going down is not good publicity and will not raise confidence. As i understand it, tethers are used for arbitrage between exchanges, and speculation. Tethers going down will take a lot of liquidity from BTC as people would have to either keep money on exchanges or wait for wires to clear when they want to buy. Tether is the weakest link and a prime target, so it's not a matter of if Tether will go down but a matter of when, the sooner it happens the better. |
|
|
|
|
903
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: May 12, 2020, 06:43:21 PM
|
brrrrr
I think there should be a difference in brrrrr of Tether. It should be trrrrr for more clarity. Retarrrrrrrrrrded Their market cap is $6B does that mean that Finex is supposed to have $6B stashed in different bank accounts? Pretty sure every US district attorney is salivating to jump on that case and arrest their US denominated accounts. That is if they don't exit scam before that |
|
|
|
|
909
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: May 11, 2020, 07:24:03 PM
|
|
T - 1* !!!!!!
*but coinbase can't be spent for 100 blocks anyways so we're technically 101 blocks from feeling the supply halvening
last block 0000000000000000000d656be18bb095db1b23bd797266b0ac3ba720b1962b1e with BTC12.5 coinbase reward has been found, entering new epoch of BTC6.25 coinbase can we plz haz a moment of silence for miners forced to liquidate their hodlings, i can almost hear them powering down old miners
|
|
|
|
|
910
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: May 11, 2020, 06:51:44 PM
|
In just 4 yrs the reward will be BTC3.125 per block
plot twist, a rare bug causes the 3rd halving to become a quartering down to 3.125 btc instead of 6.25 btc. Iniatially price dumps dramatically until it's figured out bug is rare and oneoff issue only. Then price goes stratospheric as supply shock becomes absorbed. nah no bugs please, don't want to mess with credibility |
|
|
|
|
917
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: May 10, 2020, 06:25:09 PM
|
This has got to be miners selling up before the halving surely?
Let them dump and we can move on to new highs.
Looking forward to the 100k party hatters.
I tend to agree, think about it, if you're a miner your profits are about to literally get cut in half. Some of your assets become unprofitable the second block 630.000 is mined, old inefficient miners would be costing you money so you have to run around and take them offline ASAP. But you still have your sunk costs, datacenter, and electric contract in place so you'd need to replace old equipment with more efficient miners, but good luck raising capital and finding investors during pandemic where everyone is deleveraging, so your only option is to unload whatever stash you managed to save up to keep the lights on in your farm. |
|
|
|
|
918
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: May 09, 2020, 01:48:54 AM
|
This is Faketoshi's wife who has an MBA and the claimed owner of W&K Info Defense Research LLC 12:35:25 16 THE DEPONENT: Well, he intimated that he had lost
12:35:31 17 a lot of bitcoin when that Japanese company - when that
12:35:34 18 guy in Japan, I think the - the bitcoin - I don't know if
12:35:41 19 it was a bank or what sort of outfit it was, but he,
12:35:47 20 I guess, absconded with all the money, and Craig had kept
12:35:51 21 some of his - had - well, "some of it", I think he kept
12:35:55 22 all of his bitcoin there, and --
12:35:58 23 BY MR ROCHE:
12:35:59 24 Q. And what's - and this is Mt. Gox? Is that what
12:36:03 25 you're referring to?
12:36:03 1 A. It might be. That name sounds familiar.
12:36:07 2 Q. And what's your basis for your understanding
12:36:10 3 that he kept a lot of his bitcoin there?
12:36:12 4 A. Because he said he lost a fair - lost a fair
12:36:14 5 bit of money. https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.488.17.pdfFaketoshi had about BTC50 on Gox. Yep, definitely sounds like a creator of BTC who owns BTC1MM |
|
|
|
|
Show Posts
