NeuroticFish
Legendary
 Offline
Activity: 3668
Merit: 6379
Looking for campaign manager? Contact icopress!
|
 |
August 19, 2021, 07:22:58 AM Merited by fillippone (3) |
|
Hopefully they are not going to chase our friends at bitfinex!
Well, Tether does need to be shaken a little and become properly backed sooner or later. Their schemes that allow them "print money out of thin air" (which in this case may indeed be true) may affect Bitcoin beyond our (or at least my) understanding. For example the bad reputation of Tether will simply help the central banks when they'll launch CBDCs.... |
|
|
|
|
|
|
|
|
|
|
|
|
|
"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
fillippone
Legendary
Offline
Activity: 2156
Merit: 15470
Fully fledged Merit Cycler - Golden Feather 22-23
|
Hopefully they are not going to chase our friends at bitfinex!
Well, Tether does need to be shaken a little and become properly backed sooner or later. Their schemes that allow them "print money out of thin air" (which in this case may indeed be true) may affect Bitcoin beyond our (or at least my) understanding. For example the bad reputation of Tether will simply help the central banks when they'll launch CBDCs.... I hope you got the irony: "The FED is worried Tether is printing money out of thin air" (this is nice) I am going to add it to the OP.... |
|
|
|
|
NeuroticFish
Legendary
Offline
Activity: 3668
Merit: 6379
Looking for campaign manager? Contact icopress!
|
|
August 19, 2021, 07:30:41 AM |
|
I hope you got the irony:
"The FED is worried Tether is printing money out of thin air"
I'm still drinking my coffee. The irony was unintentional on my side. But now, as you've pointed it out, ... you can't imagine how big is the smile on my face  |
|
|
|
|
ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
August 19, 2021, 08:01:26 AM |
|
|
|
|
|
|
serveria.com
Legendary
Offline
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
|
|
August 19, 2021, 08:04:59 AM |
|
... just admit it, you're fiat bull! ... and worse than that you have tasted the freedom of bitcoin and gone back to the debt-slavery chains of your fiat masters, how depraved is that?
Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon. Some do drink the mindrust cool-aid some don’t
I just have my side to be on…..
Not much more to say only to suggest picking the right side (the one where you have BTC in possession)
I don't know mate. Mindrust sold at an awful price and in panic, while I sold at my target (and it was $1 trillion+ market cap for BTC). Just to now…. Yeah mindrust was at 3800 ish I think, where did you sold? But apart of the selling, you mentioned a low 20 price to buy back in if I remember not ? So just what’s gonna be your play or just what are you gonna do? . To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision. About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched: https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/You've also mentioned $50k before... Taking into account that you won't be able to buy lower, you will regret selling at 2024 cycle bottom...  |
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 19, 2021, 09:01:34 AM |
|
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 19, 2021, 10:01:27 AM |
|
|
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2506
Merit: 12041
BTC + Crossfit, living life.
|
|
August 19, 2021, 10:09:33 AM |
|
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 19, 2021, 11:01:32 AM |
|
|
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
|
|
August 19, 2021, 11:51:28 AM |
|
When NGU?
This is a bull shit price, I demand $50,000+
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 19, 2021, 12:01:34 PM |
|
|
|
|
|
|
Hhampuz
Legendary
Offline
Activity: 2856
Merit: 5917
Meh.
|
|
August 19, 2021, 12:03:59 PM |
|
~
What a clean 44250, good one Buddy! |
|
|
|
|
somac.
Legendary
Offline
Activity: 2056
Merit: 1188
Never selling
|
Seems as though the traditional markets are weighing us down a little. Kind of sucks, but we all know that if things move too deep the FED will be there to brrrrrrrrrrrrrrrrrrrrr all the problems away.
|
|
|
|
|
Paashaas
Legendary
Offline
Activity: 3427
Merit: 4344
|
|
August 19, 2021, 12:44:12 PM |
|
|
|
|
|
|
philipma1957
Legendary
Online
Activity: 4116
Merit: 7851
'The right to privacy matters'
|
|
August 19, 2021, 12:45:07 PM |
|
I hold bitcoin directly, as well as put some in my retirement accounts (that don't hold bitcoin, but an ETF that claims to hold bitcoin.) If you were an institutional investor, you can't really go wrong with the funds. And if you are an individual investor, you can't go wrong with putting a little bit into your retirement accounts too. It's still best to hold bitcoin directly / physically / private keys, but a lot of people either have difficulty with that or don't understand enough to do it safely.
I agree being your own bank can be tricky and cause a lot of people to panic lose their funds but this is made easier with the hardware wallets you can get. It does not protect from sending to scammers but it does protect from most software attacks and physical theft. Yep if you have a 401k and 10% is in a BTC mirror fund it gets the volatility effect and hopeful uppity of BTC. With no risk of having it lost or stolen. I have 3 PayPal accounts with about 2100 usd in BTC 1100 usd in BTC 450 usd in BTC I have cold wallets and some exchange coins. |
|
|
|
|
|
|
Paashaas
Legendary
Offline
Activity: 3427
Merit: 4344
|
|
August 19, 2021, 12:51:48 PM |
|
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 19, 2021, 01:01:27 PM |
|
|
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3738
Merit: 5127
Whimsical Pants
|
|
August 19, 2021, 01:09:22 PM |
|
... just admit it, you're fiat bull! ... and worse than that you have tasted the freedom of bitcoin and gone back to the debt-slavery chains of your fiat masters, how depraved is that?
Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon. Some do drink the mindrust cool-aid some don’t
I just have my side to be on…..
Not much more to say only to suggest picking the right side (the one where you have BTC in possession)
I don't know mate. Mindrust sold at an awful price and in panic, while I sold at my target (and it was $1 trillion+ market cap for BTC). Just to now…. Yeah mindrust was at 3800 ish I think, where did you sold? But apart of the selling, you mentioned a low 20 price to buy back in if I remember not ? So just what’s gonna be your play or just what are you gonna do? I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision. About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched: https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/I think this is a very sensible approach. The risk you are taking is simple to see, and easy to hedge. You are discounting the black swan. That the 200DMA will be higher than your sell point when it touches would be one way to express it. The hedge is just to leave a portion in BTC. But i am talking about what I would do rather than what you want. |
|
|
|
|
fr4nkthetank
Legendary
Offline
Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
|
|
August 19, 2021, 01:12:28 PM |
|
Tethershit coin is a threat to financial stability. The whole thing is basically a scam, its not 1USDT=1USD, at all. If it was then Outstanding Tether = same number in USD cash. It is not.
USD cash in tether is about 2.9%, add fiduciary deposits = 21% of the total.
Here is the breakdown with my analysis
3% actual cash + fiduciary deposits = 21% USD
12% is "secured loans" == They bought big houses in the caribbean
10% precious metals/corporate loans == They bought Gold and stashed it
1.5% shitcoins == They bought shitcoins to pump and dump
5% TBills, reverse repo notes == could count as cash but interest bearing
AND roughly
50% Commercial Paper == +30 Billion == I will admit there is 1.1 Trillion outstanding in commercial paper, however that is close to 3% of all the outstanding commercial paper in the US.
Add USDC, maybe 5% of all commercial paper is held by usdt+usdc
If crypto market goes x5, stablecoins x5, then 25%...you get the picture. Commercial paper is what enables you to have a paycheck at the end of the week by the way.
my2satoshis
|
|
|
|
|
|
Poll
