mOgliE
Legendary
Offline
Activity: 1344
Merit: 1251
|
|
June 14, 2018, 10:05:40 AM |
|
The lower it gets, the more bitcoins will be removed from market by long term holders' buying spree. I would use such opportunity for sure. if it should get below 4-3-2 or even 1k as some pple here predict, Id probably raid my entire bank account ant put it all into bitcoin. Oh god if it was to happen... I would so fucking love to see this! That would be incredible!!! But I don't think it will... You get more and more people saying it's crashing. Fact is that when everyone thinks it's going down the market can only go up because everyone is starting to buy to invest.
|
|
|
|
|
|
|
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
El duderino_
Legendary
Offline
Activity: 2492
Merit: 11999
BTC + Crossfit, living life.
|
|
June 14, 2018, 10:24:35 AM |
|
allways listen to the schwarzenegger
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2492
Merit: 11999
BTC + Crossfit, living life.
|
|
June 14, 2018, 10:32:04 AM |
|
|
|
|
|
Torque
Legendary
Offline
Activity: 3542
Merit: 5039
|
|
June 14, 2018, 10:38:33 AM Last edit: June 14, 2018, 10:50:28 AM by Torque |
|
I read through the Tether manipulation paper. IMO it made two convincing points:
#1 Someone has a habit of doing this: - Issuing new USDT - Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex - Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers. - Moving the resulting crypto back to BitFinex - Rarely or never selling the crypto for USDT again The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation. But the authors didn't address the alternative possibility of this being a particularly ham-fisted whale who is a close partner of Tether.
#2 Due to end-of-month trading, Tether has probably always been trading with USD deposited with them (fractional-reserve), though at least until March 2017, USDT was probably not complete monopoly money, since they did go to the effort of achieving an end-of-month USD balance.
The authors also tried to argue some other points which I didn't find convincing.
Meh, theymos I know you've been around this block before. Notice when these so-called "in-depth analysis" FUD studies come out... never during a bull run, but always after a confirmed downtrend and usually near the bottom (e.g. Willybot report, anyone? I also distinctly remember another example in mid 2014 where some well known financial institution did some "in-depth analysis" to determine the true fair market price of bitcoin forever : $1100 ). It's not the content that is suspect. It's the timing. These "studies" are designed to do one thing, and that is to keep Average Joe sidelined at the precise time he should be accumulating.
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
June 14, 2018, 10:47:42 AM |
|
via @qew cheers luv it, needs a repost
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
June 14, 2018, 10:50:13 AM |
|
I read through the Tether manipulation paper. IMO it made two convincing points:
#1 Someone has a habit of doing this: - Issuing new USDT - Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex - Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers. - Moving the resulting crypto back to BitFinex - Rarely or never selling the crypto for USDT again The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation. But the authors didn't address the alternative possibility of this being a particularly ham-fisted whale who is a close partner of Tether.
#2 Due to end-of-month trading, Tether has probably always been trading with USD deposited with them (fractional-reserve), though at least until March 2017, USDT was probably not complete monopoly money, since they did go to the effort of achieving an end-of-month USD balance.
The authors also tried to argue some other points which I didn't find convincing.
Meh, theymos I know you've been around this block before. Notice when these so-called "in-depth analysis" FUD studies come out... never during a bull run, but always after a confirmed downtrend and usually near the bottom (e.g. Willybot report, anyone? I also remember another example in 2014 where some financial institution did some "in-depth analysis" to determine the true fair market price of bitcoin forever : $1100 ). It's not the content that is suspect. It's the timing. These "studies" are designed to do one thing, and that is to keep Average Joe sidelined at the precise time he should be accumulating. Yeah news everywhere 1) Bitcoin was manipulated with last highs 2) Tether 3) Bitcoin Illegal All this news at once, nothing for weeks and boom coordinated effort put fear in market lets see how effective it is it also shows desperate phase, they bringing the big guns out now because nothing else working says volumes
|
|
|
|
V1lpu
Member
Offline
Activity: 332
Merit: 12
|
|
June 14, 2018, 10:56:46 AM |
|
|
|
|
|
mindrust
Legendary
Offline
Activity: 3234
Merit: 2417
|
|
June 14, 2018, 10:58:02 AM |
|
He is basically saying; "The next 24 hours are critical and if it doesn't go below from this point it's going to go up." Very insightful. He also added; "If you don't pay attention to my TA, you are a gambler."
|
|
|
|
Torque
Legendary
Offline
Activity: 3542
Merit: 5039
|
|
June 14, 2018, 11:33:42 AM |
|
it also shows desperate phase, they bringing the big guns out now because nothing else working
says volumes
Yep. Also, the whales have to keep up the pressure to dump and short. Because they know that once the technicals turn upward for good, the thousands of trading bots take over and the start of a new bull run gets solidified. Then other long investors and traders start coming back in. They lose a bit of control over the float and the direction of the market at that point.
|
|
|
|
Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
|
|
June 14, 2018, 11:37:33 AM |
|
I sold bits and pieces. Not enough that I'm not a mountain of regret. TBH
Don't forget at that convenient time everyone could have been rich. Their funds were also all tied up in KYC.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
|
|
June 14, 2018, 11:39:56 AM |
|
You know the signature campaigners must have taken over the rest of bitcointalk if theymos is finally retreating to this thread too.
|
|
|
|
Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
|
|
June 14, 2018, 11:50:29 AM Merited by BobLawblaw (1) |
|
You know the signature campaigners must have taken over the rest of bitcointalk if theymos is finally retreating to this thread too.
I tried to go out there a few times, to spread the merit. Its a sad world.
|
|
|
|
shahzadafzal
Copper Member
Legendary
Offline
Activity: 1526
Merit: 2890
|
|
June 14, 2018, 11:53:42 AM |
|
You know the signature campaigners must have taken over the rest of bitcointalk if theymos is finally retreating to this thread too.
That is a dark truth, finding a healthy discussion on bitcointalk is as rare as seeing BTC crossing $9k mark
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
June 14, 2018, 11:56:19 AM |
|
it also shows desperate phase, they bringing the big guns out now because nothing else working
says volumes
Yep. Also, the whales have to keep up the pressure to dump and short. Because they know that once the technicals turn upward for good, the thousands of trading bots take over and the start of a new bull run gets solidified. Then other long investors and traders start coming back in. They lose a bit of control over the float and the direction of the market at that point. the pressure has been building for a while, but them whales got plenty of ammo fear could intensify, multiple exchanges, legislation, that kind of shit it lends to the strategy we have to employ of trading up and down, hodl to keep any profit driven momentum now or in the future otherwise this pressure, if not there, i feel would see some serious new prices eagerly awaiting the IG report (very soon, tomorrow) to see if there is any market awareness of the federal reserve manipulation under the Obama administration
|
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
June 14, 2018, 12:19:52 PM |
|
I mean everyone has known they've been printing tether for years now. yep been waiting for the announcement, did not want it now, but there it is reminder to self: top up trezor
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3008
Welt Am Draht
|
|
June 14, 2018, 12:21:05 PM |
|
yep
been waiting for the announcement, did not want it now, but there it is
It's an opinion. You need a definitive smoking gun such as the owner of Bitfinex saying on camera 'I am pulling value from thin air. Tee hee HEE' before you can put your knickers on your head and run around the garden screaming.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
|
|
June 14, 2018, 12:42:37 PM |
|
Never trust a college professor when it comes to Bitcoin. They are the very very least knowledgeable about Bitcoin in all of the world. They don't just not understand it, their brains believe the opposite of it.
|
|
|
|
Torque
Legendary
Offline
Activity: 3542
Merit: 5039
|
|
June 14, 2018, 12:54:00 PM |
|
To anyone thinking BTC price will drop once the USDT shenanigans are exposed:
Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.
One day an astronaut arrives from an advanced planet; he carries a secret device which allows him to create several fake shells. For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.
One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.
Will the price of diamonds go down?
Nope.
The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.
Kinda like the way the wealthy elite have gamed the system to print fiat out of thin air, then turn around and use it to buy real assets (businesses, stock shares, real estate, PMs, etc.) with that printed fake money. The assets themselves never really go down in value, but the fiat purchasing power sure does. One day it'll all hyperinflate and go poof. And then they'll reset and start the game all over again.
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
|
June 14, 2018, 01:10:49 PM |
|
$4500 incoming now that the 3-descending triangle base is broken.
Probably bottom out around $3500 with a possible capitulative wick on the weekly down to $1700.
|
|
|
|
|