I'd consider myself a realist. I act upon the good and the bad in the crypto space as a swing trader. And I highly encourage you to do as much research as you can to form your own opinions so you can take your own actions. I'm not telling you to be a crypto head, nor am I trying to fill your head with my beliefs. Nor am I saying that Duke is wrong about tethers, because he's not. (I do however, think he's wrong about Bitcoin going to zero) This is a very manipulated market and that's part of the risk involved with making such high rewards. If you want a safe investment then go buy gold or Amazon.
I think you'll do well, 100 hours of research seems to be the magic number US Regulators are gonna go hard on stablecoins crackdown as has been reported in the news lately Maybe in the future Tether fud will be gone The bitcoin mining fud as being controlled by Chinese that we had to deal with for many years disappeared in a matter of weeks You can see many, many threads here, by the usual suspects and all of a sudden, quiet, no acknowledgement of the fact that Chinese bitcoin miners now account for less than 1%, lmao I recommend the following books: The Bitcoin Standard, Digital Gold, and the Bitcoin Billionaires for fun reading
Good comment. Working on the research part - slowly making progress. RedDuke may want to clarify his own stance on the subject. I had a different impression than the one you put forth. Even if the market (as a whole or just part of it) would collapse at some point does not mean the end of crypto. Wild swings seems to be part of the game here. Thank you. I'll look into those books.
There is a ring of familiarity to all this. I think it is fine to trade and invest here so long as you realize you are really at the dog track or the ponies, but less regulated. It ill be lots of fun while it lasts. Try not to be the last one standing when he music stops!
Absolutely, what I write is what I believe and know. How it will all play out only time will tell. I am only holding few ethers for now, no biggies if it falls.
I only said it once or twice that it might, but that is like earth might get hit with meteor. I do believe that its value will be significantly reduced, if tethers are exposed, but 0 would be very far fetched indeed.
I am a big believer in Blockchain, and that is why learning how to build one from scratch now. Collapse would be great for people like us to give us opportunity to invest significant funds, but it will also be not catastrophic for people like John, as he will hold indefinitely and will just buy more at depressed prices I assume My issue right is where to focus. Just read few article on Solidity (base of ether smart contracts), but need to learn gas optimization and security. Also need to brush up on React and Node.js, and this is not even a block chain but just a contract on Ether So far in research mode on where to focus.
How do you short one then if fiat is not part of equation? If I short gold, and it falls in price, I see my unrealized gains in fiat for example.
Bitcoin hit a new all time high above $67K after stock market close If btc can stay higher than $67K during tomorrow's stock market trading session, we can expect MSTR to go above $900 per share MSTR closed at $860 today