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I really do think that for the establishment, this is an excellent opportunity in order to get it right for when the government coin is issued. When that is ready to go, I'm sure there will be restrictions placed on what you can do with a Bitcoin. I highly doubt they will allow Tesla cars to...

So explain to me why being able to buy BTC with a coin that cannot be audited isn't a problem? BTC is supposed to fix an inflation and money printing problem. If a tether can be used to buy it, but there is a possible shady way to acquire it, then how is BTC escaping this huge flaw? Listen...

It's interesting. I think old guys are all about value. These days, none of that matters. Its a difficult pivot to make when up is now down and left is right.

So after reading up on tether for an entire 5 minutes, I am shocked with what I learned. The fact that it's not even wholly backed by US dollars but also loans to companies is kind of like strippers in Florida buying houses just before 2008. With so much volume coming from tether transactions...

Pretty impressive, but if you are trading this with options and not the actual stocks, I can see how it gets messy.

Looking over your PnL, it seems you are pretty disciplined about just hitting base runs over and over again, and not going for the homerun. But between the entry and exit, is there something a big drawdown? Based on the spreadsheet you provide, your trades are most excellent.

I think the issue isn't about concerns regarding using them, its how easy it is to create them. I think its very similar to faking gold. A 10oz bar might look shinny, but if its only a piece of gold plated aluminum, then that bar is hardly worth anything. Likewise, if you can exchange tethers...

You know, I don't know anything about Tether, but I have been following this discussion. And when I look over at this website which tracks the volume between different pairs and exchanges, it is astonishing how much volume difference there is between tethers and USD. Perhaps @johnarb can...

Yes. But honestly, if BTC is so precious and going to 500k, I just don't see why anyone sells, and hence makes coins available. I understand the miner having to sell something in order to cover costs, but they should really restrict supply even more in order to make the price rise faster. :D...

Your constant updates each time BTC goes 1k higher. You don't seem to update us when it drops 1k. :sneaky: The SEC might come down hard on this pump and dump scheme... LOL

If BTC is so wonderful, why does it need the constant pumping?

Well I do think it makes sense that to short something, you gotta be able to locate it. That's why futures simplifies everything in my opinion. But you are right that even before the mess started, it already wasn't an even playing field.

Even this is useless in my opinion. There can easily be an iceberg order in there that refreshes. Here is how I look at it. Suppose you want 500 contracts at 3900. You see the depth for each level is 100. So you figure that at the moment you place your order, you will clear 5 ticks of...

Most times when you try to make a law to protect someone, you end up hurting them. If they really want to help the little guy, remove all laws. Let insider trading be legal, since it already happens. Let market manipulation be legal, since it already happens. And the list goes on. As we see...

But my point is that they aren't. Poor people are too busy trying to make ends meet. They cannot put even $500 into BTC, which would be 1% of 1 coin. If you have many coins already owned by corporations or some lucky early investors, then you already have the issue that we have today, that...

It would be even better if you just let the market decide every price without any incentives for anything.

Do you think it's poor people who are buying Bitcoin? It's more like the top 10% are unhappy that the top 1% have it all. But the bottom 90% are still left out.

Ain't gonna happen. Governments need control. I don't like all the money printing by the FED, but honestly, we in the first world enjoy lots of benefits of centralized government. If you leave corporations with all the money, since lots of them are buying it up now, where does that really...

Serious question. Gap fills, from my understanding, happen because there are trades at certain price points that haven't been visited, and its a way for traders to get out who are stuck at those levels. But can we really assume that someone is still looking for a certain price to come back to...

How much longer do you think until it collapses anyway?