Agreed, trading or investing should be done by own research and conviction. But the larger points, made in the video, are completely valid. I think the likelihood of the entire crypto space being a giant ponzi scheme lies definitely above 10-20% and I am being very conservative here. The reasons for such estimate are manifold, among others the issues with tether. Or that it's not backed by anything. Claiming that fiat is neither backed is not true, not saying you made such claim but I imagine you might.
It has been official from the first day, no means of exchange, no store of value. How anybody can still claim the contrary is beyond my logic.
You're not watching your own videos. The guy shows the tweets he being influenced by at 1:27 in the video. It's not an assumption on my part. It's a fact.
Yes, it's a fact that he referred to tweets, it's an assumption he cashed out solely based on these tweets. He isn't just a blogger, he's 100% nerd.
And the questions raised in the tweets are very relevant, fair, and well thought out. So well that the entire tether ship remains standing on 3 legs. And that's the underbelly of btc. Who issued those commercial papers? Which entities? Lots of questions, no answers.
The person taking the other side of your trades also thinks logically, otherwise then is no benefit to take the trade. Whoops, forgot, you have no skin in the game.
Look, I do give credit to people that kept their ear low to the ground and managed to anticipate the mania, the new trendy thing called BTC and profited from that, some have made fortunes, it's an incredible result. This thread isn't trying to mock the ones that profited from the bitcoin mania, I saw the top forming and called it. The outcome confirms that there is still life left in the good old TA. Anticipation of price movement is a skill similar to the skill of a good fighter, you must have skills and be able to anticipate opponent's moves, both equally as important. I didn't invest because I didn't believe in it, still don't, so what? Are the ones that didn't invest in crypto all stupid?
Yeah, it was a good call. Good TA is descriptive with confirmations and invalidations. Are you gonna call the bottom as well?
$1.7 Trillion in total crypto market cap and you're worried about a single crypto coin with $58 Billion in market cap causing the whole system to collapse? Good luck with that theory. Oh, and by the way, the BTC network was operational for 6 years with millions of crypto wallets in place before the first tether coin was even introduced.