Search results

As they say, devil is in the details... I agree with everything about Bitcoin, but then there is that Tether thing that is the devil. I was calling bitcoin the digital gold and inflation hedge at almost the very bottom in 2020. By the way Tether has printed $2B in just the last 24hours...

I guess what i was trying to say is that the valuations have gotten so out of whack with the fundamental reality.... That we are at the point of peak delusion. Delusion as in the gap between the perception and objective reality. Pump the price high up enough and people will believe anything...

They DO issue USDT against crypto collateral. They also do have some reserves but we can't know how much. The US treasury does not yet have the authority to take action against foreign crypto companies, however they do have the authority to take actions against foreign companies involved in...

Yeah but the problem being, they keep printing tethers and propping up the price, working against me. For Tether to collapse there has to be a run on the bank, where they would be unable to redeem which would break the peg. That would be triggered in a bear market/steep price declines. But...

unironically the truth. The only difference being they don't have the authority to do so.

Bitcoin is not a ponzi because it's just a decentralized network. But it's price is as it's majority driven by Tether which claim to be 1-1 to USD, yet they print them out of thin air and refuse an audit of their financials. Even if tether is a fraud, Bitcoin will continue to work, but your...

At the very beginning they claimed that for every tether, there is 1 USD in their bank accounts. But then they were caught lying, and they had reserves only 25% of the time (in a period of 1-2 years). That's what they received the sentence from CFTC and the settlement in the NYAG. And back...

So ironic they published this on august 1st. And it's not even a financial audit. Fraudsters.

I think the fundamentals and the money printing and all that sound very good for Bitcoin. However the people who shill Bitcoin are serial ponzi shillers. They shilled Block Fi, they shilled Celsius and many others. Those are the people that buy into ponzi schemes. Tether prints fake money and...

Isn't Taleb rich from his hedge fund days or something? He could buy a thousand lambos... He was in Bitcoin relatively early but then figured out it's not what it claims to be. However it doesn't matter what Bitcoin is or isn't for as long as Tether keeps printing fake dollars out of nothing...

Bitcoin is an obfuscated ponzi scheme propped up by fake dollars (tethers USDT). There are some use cases and arguments in favor of the decentralization, but it's greatly exaggerated and people will believe anything when the price is going up. Nicholas Taleb turned his back on Bitcoin, just...

I am not trading, because i don't really know what to do in a low volatility, up-trending environment (apart from just buying and holding).

All of them. (stocks, crypto, ...) Great risks and uncertainty lies ahead, that the market has not taken yet into account. And when it does, there will be "re-pricing", so to speak. To me this looks akin to a slaughterfest. You are getting fed and then you get slaughtered. The up-only mode...

This would have been a great comment if it were sarcastic, but i am afraid it's not.

I know it's ironic, but the market seems so wrong at this point. Is there something that we are not seeing??? There is a possibility that we are driven towards full-AGI (artificial intelligence) that will solve all the worlds problems, making us all rich and happy. In a sense that the market...

Might be trying to avenge my lack of long exposure, who knows :) I have nothing against people making money, and i congratulate you on your amazing microstrategy trade. There is a lot to admire about it. It's hard enough to get it right, but then even much so harder to have the conviction and...

Mr. paolo has to step up his game and print more Tethers, else not only will the block rewards halve, but price also.

I agree that Bitcoin would work normally, and so would most other coins. In that regard, i agree that nothing would change fundamentally. However most likely it would have a tremendous impact on the prices. 70% of all volume is in tether. Things would continue to work, but prices would...