Don't mean to add insult to injury, but just look at what happened tonight. And my sell just got filled here...
The Coinbase circuit-breaker team/employees are still asleep... who knows how high bitcoin can go tonight, lol
I would like to say we've hit the high for the time being... But this thing always seems to have a bag of tricks up its sleeve. Ya can't let your guard down. lol
Do you think we might possibly be talking about two different things? I never said bitcoin wasn't a speculative instrument. I just question its future as declared by the high priests. Did you not get that from my prior posts?
Love this.Haha: 'Prime example of low-T, mid-IQ condescension. Can't describe BTC but pretentiously whispers that it's worthless.' [/QUOTE]
Oh, I got it alright. You're looking out for the FOMO's best interest, who you believe will get hurt. And all I'm saying is that had they gone long last night, they would have made money instead. Of course, they shouldn't be too greedy (if they've learned anything from the previous crash), but I don't believe the FOMOs are as dumb as you think.
Speaking as a longtime skeptic, at this point Tether is a non-issue. The serial con-men and fraudsters who created it gambled everything and won the jackpot, they are now billionaires; SBF made the same bet and lost, CZ came out a bit ahead. Them's the breaks. At this stage ETF demand means that Tether manipulation is no longer necessary to ramp the BTC price, a major "run on the bank" is unlikely for the same reason, and any hole in the reserves large enough to matter has probably been closed by several years of 5% earnings on T-bills. Whatever "tether collapse discount" you were assigning to crypto should at this stage be priced out.