Bitcoin Halving

[Fx-Game]

I don't know when this conversations about tether etc. came up...
In 14/15, when I first bought BTC ('real'), there was nothing about this.

Even today I got some btc (fractions) from this time.

 

[Elly9]

A little less than 4 days till the halving. All the miners that sell as soon as the bitcoin is mined will soon be selling half the amount they normally sell into the market. What happens when the supply being sold cuts in half? Price goes up.

https://coinmarketcap.com/halving/bitcoin/

Good info. Thanks for sharing.

 

[orbit23]

It's good to see people are afraid of the Tether. "Bull markets climb a wall of worry"

 

[Pekelo]

I don't know when this conversations about tether etc. came up...

When I brought it up. There is this ongoing theory that Crypto prices are at level because of the constant influence of tethers.

As I said, 18 MM dollars of NEW money is required to keep BTC's price at level. Now if we add to it other cryptos (because those are mined and sold right away too) this amount needs to double or triple.

So do we really believe that there is a constant incoming flow of 30-40 million dollars EVERY DAY into the crypto markets?

Currently there are 8 billion tethers in circulation and that number is constantly growing. In the last month 4.2 billion tether printed!!!

 

[RedDuke]

When I brought it up. There is this ongoing theory that Crypto prices are at level because of the constant influence of tethers.

As I said, 18 MM dollars of NEW money is required to keep BTC's price at level. Now if we add to it other cryptos (because those are mined and sold right away too) this amount needs to double or triple.

So do we really believe that there is a constant incoming flow of 30-40 million dollars EVERY DAY into the crypto markets?

Currently there are 8 billion tethers in circulation and that number is constantly growing. In the last month 4.2 billion tether printed!!!

Wow, I knew it was bad, but 4.2 billion tethers printed last month is way beyond what I could imagine. Where did you see this info?

 

[Pekelo]

Wow, I knew it was bad, but 4.2 billion tethers printed last month is way beyond what I could imagine. Where did you see this info?

I got it from Reddit but I think Binance or Tether has actually a twitter where they announce it daily.

https://wallet.tether.to/transparency

 

[orbit23]

Owners of multiple exchanges are claiming that they are getting USD deposits inflows to their exchanges, at the same time as tether is printing.
Kraken owner and FTX owner both said the same thing

But you guys just know better, right?

Cryptos are so f# bullish and it couldn't be if it weren't for all this disbelief!

 

[Pekelo]

But you guys just know better, right?

Sure. Binance's lawyer himself said Tether is not 100% backed by dollars. (IIRC it was around 75%) So why would I doubt them?

That means there is 2 billion dollars worth of funny money in the crypto ecosystem. At least.

 

[johnarb]

Owners of multiple exchanges are claiming that they are getting USD deposits inflows to their exchanges, at the same time as tether is printing.
Kraken owner and FTX owner both said the same thing

But you guys just know better, right?

Cryptos are so f# bullish and it couldn't be if it weren't for all this disbelief!

100% this is what I was trying to say in my very long post. This means those 4.2B Tethers are a testament to the huge' amount of interest as new money coming in to cryptos, probably because of Trillions of $ being printed, see another post re: Paul Tudor Jones.

TL;DR It's a bullish sign, but only here on ET will you see it as a sell signal, oh well.

 

[Pekelo]

ET will you see it as a sell signal, oh well.

Nobody even uttered the word sell. We just say we don't trust it. It can collapse 20-30% at any given moment.