Bitcoin Plunges Along With Other Coins

For sure. Everyday you can find 100 TV show hosts, anchors, financial pundits on YouTube, journalists, analysts, self professed portfolio managers who claim that on that day the market will explode higher. And you find another 100 that say that day the market will collapse. And you can find those or different 200 guys at t+1,t+2,...

So, congratulation, you were right today about yesterday and you found massive support of analysts that share your thesis. In fact doing it this way makes you be right all the time. How about next time you talk about what you think will happen tomorrow not yesterday?

Pekelo said:
"Many analysts had already warned that the recent gains were due for a pullback, among them CNBC host Brian Kelly and trader Tone Vays, who forecast a dip to $14,000 on Thursday.

Meanwhile, several metrics have also hinted at a looming correction. Among them is the popular Crypto Fear and Greed Index, which has remained at record-high levels throughout November."

https://cointelegraph.com/news/bitcoin-price-suddenly-drops-11-as-whales-move-btc-to-exchanges
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I agree... A coin that replicate a fiat currency makes no sense, should not exist and should be considered fraud. It even takes the usd name. I read something shady about the creators a couple of years ago, and about how it might have influenced 2017 rally. I thought there might be others.
 
cesfx said:
I agree... A coin that replicate a fiat currency makes no sense, should not exist and should be considered fraud. It even takes the usd name. I read something shady about the creators a couple of years ago, and about how it might have influenced 2017 rally. I thought there might be others.
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and most people are not even aware of these stable coins existence. In order to get real price of an asset real money must be used. But when some must use real money and some can just create fake shit to buy the same asset, what is the actual price ?????
 
Those guys who created usdt, technically, and in my opinion legally, printed fake money. Inflating the crypto market with fake shit as you call it.
 
cesfx said:
Those guys who created usdt, technically, and in my opinion legally, printed fake money. Inflating the crypto market with fake shit as you call it.
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pretty much sums it up and yet so many keep ignoring it, like it does not even matter.
 
Sprout said:
lol, and the concepts that will cut to the core - distributed and permissionless.

The crypto industry will innovate.

How are they ever gonna regulate an individuals vpn login to a DEX based in a crypto friendly jurisdiction?

This sell off is a gift to those whom understand BTC’s value prop.
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I would treat any KYC'ed coins from centralized entities as highly infectious coins, like highly toxic or as radioactive as polonium, don't let it get mixed with your other holdings, i.e. don't transfer them to your other wallets or their transaction-change coins

https://elitetrader.com/et/threads/global-macro-trading-journal.215992/page-843#post-5261573
 
RedDuke said:
exactly. USDT is outright fraud that is allowed to exits, no idea how many others out there. Some seem to be legit, but so did USDT in the beginning.
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Haven't been keeping up with the details of all the bs, exactly what is the story here. How could they invent something to buy btc? If the seller wants real money (ie, Greenbacks) , how does getting fake stablecoin allow for that
 
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