Search results

BTC is not being debased one bit. If Tether is a ponzi scheme, then the smart people who created it will have figured out a way to turn a shitty asset into the hardest form of money. Honestly, if tether starts to implode, do you think people will run for USD? Many exchanges don't even deal...

Listen, I agree that those guys are crooked and should never have gotten that money. But who gets to decide it should be taken away? One day they will come after you because of the way you talk. You're very anti lots of things on this message board. Should Baron remove you from the crypto...

You make it seem like the governments will have a choice. They have already run the current system into the ground. Governments shouldn't be managing economies because they do a horrible job of it. Any time the government tries to help, they end up doing something far worse. How long have...

RedDuke, you have to get past this mindset. We were thinking the same way a year ago. I too agreed that Tether was a huge problem, and I'm sure that it was responsible for a huge pump in the BTC price. But honestly, I now cannot imagine a world without BTC. In fact, I wonder how BTC can be...

Its a well presented case, but why don't we just imagine for one second if this is in fact the best way to do it. I agree that this is how it currently works. And I agree that without fractional reserve banking, progress would have slowed. When you can make free money and throw it around, of...

You make a good point. Why use a commodity that is actually essential for other things. The last thing you want is for people to hide it and thereby preventing it to be used for essential things. It's kind of like with real estate. Rich people using homes as a bank account is precisely why there...

4590 had a thick bid that broke just before the open. Price first came down to 4590.50 around 7:30am and then rallied 2 ticks shy of this level. But as the markets were about to open, this level broke. My opening print was 4589.25, and after the open, I don't see any posted orders at 4590...

I'm very looking forward to there being an actual truth to something in the world. I often wonder if exchanges have enough BTC in their inventory and what would happen if a price shock hits and they are forced to buy higher and higher in order to meet all the demands of people trying to take...

I absolutely agree that there is lots of manipulation, but this will I think lessen over time once BTC stabilizes at a much higher price. The price can be manipulated in the short term, but supply simply cannot. This is of course unlike what the government can do with fiat. If a hard global...

The way I view it is like this. Price moves towards the previous day low, so you have a trigger to go long. But perhaps the bounce is met with selling, so yet another system based on order flow says to short. Now maybe the previous day low breaks, so your swing trade system scales in, since...

Buy and hold is like working for a living. You only have so many hours a week in which to work. If you have strategies it's like trading on margin that you can scale up. You can't scale up your hard manual labor because there is only one of you and only 24 hours in a day. Of course there is no...

You're right. It's much better. When you separate the creation of money from the government you actually fix so many problems. The future will be brighter when this happens. Imagine having a currency that cannot be easily manipulated and cannot be used just to further the aspirations of corrupt...

The sad thing is that I think the majority support what Trudeau is doing. The important thing is to have a choice and Bitcoin gives you that choice and freedom. Nobody is saying to convert all your dollars into crypto all at once. But I think having 10% of your assets in crypto is absolutely...

You said that the government has 50% of the coins because they are behind this whole crypto world. The only way they can have that many is if they control the roughly five or six million that are unaccounted for and haven't moved for a very long time. There is no way the government can have 50%...

Actually if you look throughout history every single currency has failed so it's almost a certainty that the US dollar will as well. The only question is a matter of time. If it sticks around for another 50 years that will be quite the accomplishment but if it runs into trouble in this decade...

If this was truly the case, and you need to show proof of this, it would make the US gov extremely wealthy. You see, I believe that the future of money will be a hard currency that you can't print out of thin air. So for the government to have money, they will need to tax citizens and...

I think you're trying to say that BTC relies on Tether and that simply is not true. If Tether dies tomorrow, sure, BTC price will drop, but it will live on. BTC is 100% outside of government control, and this one of the reasons why it has the best chance for survival.

Yes, I think all those altcoins are huge areas of risk for total destruction. I'm not a fan of NFTs, but I imagine smart contracts can be very popular one day. I also get that the metaverse can be a big thing one day, but who knows. The thing though is that all that money can one day make it...

I completely respect this position and think we should all be voting with our wallets. But what will you go to? I guess Ninja charts can in some ways be similar, but I could never get the hang of it. I also tried Multicharts many years ago, and that didn't go too well. For some reason...

This might actually be the edge. Someone else smart early on said he thought the edge was a large account, and that may very well be true because it allows for all these strategies. The way I think about it is that mean reversion works easily 50% of the time. How much does the market spend...