Again I don't know what chart you are looking at.
Saturday, Sunday, Monday and Tuesday up till debate time were up days.
Its a mote point now, since it reversed yesterday off the lows and is up, so far, today.
Bitcoin Price Thread
- Thread starter Magna
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Saturday, Sunday, Monday and Tuesday up till debate time were up days.
Its a mote point now, since it reversed yesterday off the lows and is up, so far, today.
This is why you don't over-leverage BTC. Keep the truck backed up for when the ticking time-bomb goes off...
It's possible, another black-swan hits before Tether collapses as well... Still can be big wins for those ready to pounce.
It's possible, another black-swan hits before Tether collapses as well... Still can be big wins for those ready to pounce.
So what’s your prediction for bitcoin after the evil Tether implodes and tanks BTC price? Will it be a good time to buy? Or will every Bitcoin believer walk away for good?
This is a very good question...
it's very possible that in the short term bitcoin will crash hard as there are fears, but it could also make bitcoin shoot up in price as all the Tether holders start buying bitcoin and other cryptos
If Tether is the one that blows up, there are many other ways to cash out of bitcoin and crypto assets, through other stablecoins, exchanges Coinbase Kraken Gemini Binance,
Bitcoiners walking away to where? We can do that now with or without Tether... Bitcoin trades 24/7/365 to fiat, and to goods and services
Bitcoin is the best money in the history of the world, it is extremely undervalued and it will go to $1M before 2030, guaranteed
I don't know, impossible to tell.
I just think that bitcoin is effectively a meme coin; it has no utility and no use case, it doesn't produce anything, it's heavily centralized, there is no technological development, it's slow and expensive to transact with and it wastes enormous amounts of energy only to solve arbitrary mathematical equations.
But it keeps going up because there is an infinite credit line at the Tether reserve. They print Tethers against crypto collateral and pump the price up... And it worked so far because of favorable market conditions and because there were future victims willing to buy higher(ETFs).
Once Tether is gone i reckon there would be a big crash and afterwards Bitcoin only makes lower highs and slowly fades into obscurity as the weight of the bagholders pulls the sinking ship to the bottom of the ocean.
Trump is making some announcement for his crypto project on the 16th apparently
So far the plans seem to be to copy Aave and do something in regard with lending/borrowing. And they will launch this on Ethereum.
And apparently there might be some plans to do an USD stablecoin.
That would be pretty ingenious, but the question is whether can they pull it off on a technical level.
So far the plans seem to be to copy Aave and do something in regard with lending/borrowing. And they will launch this on Ethereum.
And apparently there might be some plans to do an USD stablecoin.
That would be pretty ingenious, but the question is whether can they pull it off on a technical level.
wtf, dude why you make up something like this and post it? Tether does not have a lending facility collateral bitcoin
I stand corrected, Tether did provide USDT loans to some of their customers
Celsius got liquidated and probably other customers who did this unless they paid off the loans. Celsius is unhappy because the price of the bitcoin has gone up a lot since
One of the reasons the bear market of 2022 went as low as it did, cascading brutal liquidations, Genesis, Celsius, BlockFi, Voyager, 3AC, Alameda/FTX, and many others
The customers were the ones that lost the most, ask any FTX customer getting paid in fiat value of $16k/btc
Tether made more money than Blackrock last year
Can you show more instances other than this failed bankrupt Celsius company that entered into this loan agreement?