Ok... Fair enough... But there was no mention of either exiting a short, or going long. Not saying u were shorting, but u expected going below 60k. If now we break ATH in the next few days, then exiting was a bad strategy if you didn't say where to re-enter.
Have you ever heard the phrase that if you aren't long Bitcoin, you are short??? So how is your short position working out??
This is exactly what i am talking about lol. Everyone in ponzi scheme is making paper gains until it collapses and you are left with nothing. It works all the way until the collapse. IMO Tether went bust in end of 2022 and this is the exit pump. They must pump the price up to keep the ponzi going or it all collapses. If you can make money on short term movements, i am all for it. Unfortunately, I am not good at it. I am just saying that in my opinion telling people to invest into bitcoin is akin to peddling them into a ponzi scheme.
You've been fudding for a while, clearly you missed all the gains, because you believed your own fud That's the way it works, you believe your own worst fears and stay out Have fun staying poor! BWAHAHAHAHHAAHAHAHHAHAAH
Do you put any weight into fiat collapsing? Governments are clearly printing it as fast as they can in order to cover the government spending. So surely you must apply at least a small percentage to fiat currency collapsing. I agree that there is a small chance that Bitcoin could collapse but only because of some technical reason. But I think there is a hundred times greater chance that Fiat will collapse before Bitcoin. I would actually say that Fiat is already collapsing as we speak. You don't want to be holding it when it's obvious to everyone else.
After having received all that in-your-face crap, why should I go through that again? For whose benefit? Sorry bro, but that is all you get from me.
I agree EXACTLY with what you are saying. Tether is likely akin to the federal reserve for the crypto. But what's the difference between the FED and Tether? Government can print dollars. What do you think would happen if you start counterfeiting the US dollar and start printing dollar bills at home? Government can print dollars. If you do the same you go to jail and your operations will be shut down. By the way in my mind the thing with Tether is that it's not fully reserved and backed (they probably do have some reserves, but i don't believe they have enough to back the stablecoin 1-1). They are swimming naked, but we can't know that until the tide goes out. They have lied countless times. At beginning they were denying the allegations that Bitfinex and Tether are anyhow correlated, until the panama papers leaked and the ownership was tied. They lied about always being backed by 1-1, until it has been leaked that $1B of their money has been seized by the feds. The CFTC sued them for those claims and proved they were backed 1-1 only 25% of the time in a period of i don't know how long(1 or 2 years). I don't know how much marketcap Tether had at the time (probably like $2B, compared to $100B now). There is PROOF that Alameda by SBF received "secret line of credit" (they would give them up to $2B of credit before they received the money). They also issue and mint Tethers for loans. People give them collateral in Btc/ETH and they mint and loan the USDT against that crypto collateral. Not my words, this is what Mahinsky from the Celsius ponzi scheme claimed (that's how they received loans from Tether). Tether is also capitalizing and funding Nexo, which is an obvious ponzi scheme. Where there is smoke, there is fire. Where there is a lot of smoke....
IIRC even SBF said himself in Lewis' book... the Tether guys were the most sketchy as hell he dealt with. That should be pretty telling what's coming.