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If fake stable coins are removed, we Might get one. Personally I would love such a drop. Would allow people like us to get in. :D

Some might have heard of Olympus DAO: https://www.olympusdao.finance/ They right now advertise APY of 5000%, yes 5000% (let's set aside debate if it it ponzi). This is how they explained it: https://docs.olympusdao.finance/main/basics/basics#how-is-the-apy-calculated 5000% means about 100%...

there was article on Bloomberg last night.

We are letting our algos to make a decision: “to trade or not to trade”, that is the question:sneaky:

XRP glitched at 21,000,000 with market cap at 990 trillion. Tons of other coins did as well :D

it can not be shorted as we discussed :D well technically it can be, but…..

Reach out to johnarb. He knows a lot and always willing to help out.

Anyone calling BTC a ponzi, just does not get what it is. It is obviously not a ponzi. What is a ponzi is it’s current price. The only reason it is this high is Tethers and wash trading. Without Tethers and fake wash trades the whole crypto market would be a small niche thing.

agree unlikely, but not impossible.

They will not for a while without fake money.

Tethers back to printing 1 billion per day. Last weekend alone 1 billion went to FTX to help out price. The thing about blockchain it can not be hidden :D the price stopped Falling almost immediately after that.

the main issue would be what will push it up again. Both 2017 and 2020 were fake money that did the trick. Remove fake Money, and BTC and other cryptos would be no where near current levels. but so far no indication that this shit will stop anytime soon.

drop to to lowest time/tick increment you have available and then fast forward. No easy way, we coded this function as part of our backtest engine.

all it would take to tank BTC US and Eu government ban. Game over, BTC does not live in space, it needs hardware to run :D compare this with asteroid and redo the math on odds.

not if, when. But who knows, they might be able to keep this fraud running forever. Last weekend they stopped crypto fall by printing 2 billion. I think 1 went to FTX.

why? If you put the chart with any decent time on it, the trend is Up Bigly.

correct. We do not know the future. Can Bitcoin go to 0, sure it can (unlikely of course). Can tether implode, oh yeah it can. Then you will see how many people with get stuck with it.

I did and it literally takes one click to prevent you from converting from tethers into anything else. Time will tell

Meanwhile DOW is up 800 points :D

read tether small print. And good luck cashing out of it into anything if it implodes