Bitcoin Price Thread
- Thread starter Magna
- Start date
It really is, and unlike stocks it can be purchased with USDT, and now Binance is getting onbaord with BUSD (gotta join the gravy train). Once I finally realized what Tethers and alike are doing, I understood I made a big mistake of not investing sooner. Right now on sidelines, but waiting to act.
So, it is not a store of value, but a highly speculative "asset" with very uncertain future.
Are you trolling? You've been on the tether print train for years already. What arguments other than the ones shown to you here made you snap out of it?
During a bitcoin bull market, you BTFD, not sell it
No trolling, I never did it here and never will.
Her is my reasoning (I am simplifying):
Let’s assume Tethers did not start as fraud (I know it is a big assumption, but let’s go with it), with 1 billion in their coffers, they issued 1 billion USDT, then they get hacked and a billion is stolen. They should have removed USDT from circulation, but they did not as we know. Then they realized, why not print more. As they print more USDT, they use them to purchase BTC, and then sell BTC for real dollars to those like me, who must buy with real fiat. Fast forward to today (40+ billion printed with 35 over last year alone), the more USDT they print out of thin air, the higher they push BTC price and the more $ end up in their bank account once they sell them for fiat.
Come May, when they must produce audit, they most likely be able to do it because they printed themselves out of a hole. Once this settled in, how can one not be bullish in Cryptos??? Granted, Governments can shut them down or they implode by some other way, but one should not stay indoors just because there is a chance a brick can fall on them. Same here, I will invest small portion of my equity into Ether.
the FBI seized the tether usd account so they got a loan. Settled with the NY AG last week.
we all know this. I explained my reasoning for now being ready to invest into crypto. Tethers and alike can literally push the market to infinite highs, time to join gravy train, albeit very very late.
Reads like cope but welcome aboard I suppose
So you waited all this time but then in may it will be safe to buy when things have already done a 100x
Some coins like LUNA already did like a x180 since March last year. Lots of coins have 10x, 20x, 30x.Some have not gone yet, but seem to be on track(i'm buying those Right now).
Sell in may and walk away.
So you waited all this time but then in may it will be safe to buy when things have already done a 100x
Some have not gone yet, but seem to be on track(i'm buying those Right now).
Sell in may and walk away.
like i said, I made a mistake. Now everything is way too high. I will not chase and wait for a large pull back.
hope you know that “sell in May and go away” nothing to do with crypto and no longer really applicable to stocks as well.
Yeah this is a classic mistake. When the market is going up, it will not give you a deep retracement, you have to FOMO in.
We don't want to buy because we are afraid of buying the top and we feel it's already too high and it does not feel safe. Then usually when the dip finally comes, it is not "the dip", but reversal of the trend. Buy on the way up, not on the way down. Just how we are conditioned to behave i guess.
We don't want to buy because we are afraid of buying the top and we feel it's already too high and it does not feel safe. Then usually when the dip finally comes, it is not "the dip", but reversal of the trend. Buy on the way up, not on the way down. Just how we are conditioned to behave i guess.