Bitcoin Plunges Along With Other Coins

well, you of course do not get it them, But BitFinex just creates tethers and then can use them to acquire cryptos. Where losers like us must use our heads earned money.

 

I see, so according to you, they make what 20 million a day ?

Nice, how much are you making ?

 

no idea how much they make. All that is evident it is a pure manipulation with USDT.

and why does it matter how much I make?????

 

since you have such extreme insight into a criminal fraud , i assume you must be well connected and make much dollar

 

So, understanding something about a criminal fraud means making money illegaly now.
I always knew all tax enforcers and authorities were expert crooks. Taxes are for whimps.

I think crypto is deep fried air, but you can exchange it for goods and they are taxed too, so they are legally recognised.

Same goes for any virtual value that we assign to assets. Only because one doesn't understand blockchain but understands other form of fake shit like cash, stocks, inflation and taxes does not mean the first has no value. If you have a buyer and a seller you have a trade.

I am very happy to exchange deep fried air for food and other essential. Some other like to exchange worthless paper cash. As long as I eat and live comfortably I don't care.
But I don't print this crap out of my home printer. Crooks do that: Fed, ECB, now bitfinex...

 

no I am not. Btw, where did I say criminal? Apparently it is allowed and does not bother most who trade in that market. I am just stating the facts of why crypto are a fake/fraud what ever you may call them.

If stable coins ever removed, then we will see a true value of Bitcoin, and normal price discovery will take place, like in any other market on this planet.

 

Looks like the dip is over, or is it??

 

This maybe a beginning of a downtrend or shaking out all the weak hands...only time will tell.

 

There was a lot of bad news about Bitcoin that came out right around the time we were about to hit 20k (news about regulation and Paypal failing to deliver) so that with the technical analysis makes me think we had a much needed pullback.

Not that my opinion matters, but I think this market is still very bullish even though we had a dip. And the dip wasn't even a big dip, if this is the end of it...

 

i don't really follow news or what analysts or other ppl say. i don't even look at fundamental like pe ratio when i trade stonks. i just look at the chart. the price will tell me everything i need to know. just be patient. sooner or later, it will reveal to you what the big boys are doing. and your job as a small fish is to identify it and capitalize on it.