Bitcoin Price Thread

[orbit23]

He's a dumb billionaire. Who are you?

Honestly though i thought those NFTs and all that crap are pure bullshit, but just seeing how many HATERS there are, it will probably be big.
People literally hate NFTs.
Whenever something has a lot of haters and on the other side - cult followers, it tends to grow big.

 

[Alesanfranko34]

I have no idea about that. I'm really bad in analytics. Anyway, I check some sources like btcnix.com to know more about it.
Anyway, I'm a newbie on this market, so I'm trying to learn how to organize all the process.

 

[SunTrader]

CME Group to Launch Micro Bitcoin Futures on May 3

https://www.cmegroup.com/media-room...group_to_launchmicrobitcoinfuturesonmay3.html

 

[They]

as far as cryptos, I am too late. It is at insane levels now, if I miss it and it goes much higher so be it, but I would not begin my crypto investment at such levels.

https://100trillionusd.github.io/

https://www.fxstreet.com/cryptocurr...del-as-mainstream-adoption-rises-202103300403

 

[They]

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.

https://www.btctimes.com/news/tether-is-fully-backed-assurance-opinion-shows

 

[NoahA]

https://www.btctimes.com/news/tether-is-fully-backed-assurance-opinion-shows

From the article, in reference to tether being fully backed by reserves, this sounds really promising... LOL

"Those reserves, according to Hoegner, “include traditional currency and cash equivalents, and may include other assets and receivables from loans made by Tether to third parties.""

I bet those loans can go sour real quick, as some banks have learned this week. So I'm just not sure about this fully backed thing.

 

[johnarb]

I bet those loans can go sour real quick, as some banks have learned this week. So I'm just not sure about this fully backed thing.

Glad you said that. You can back up your opinion in the markets, short bitcoin or the bitcoin futures or soon they'll have micro futures!

Put your money where your mouth is, instead of putting all that crypto hate here

 

[RedDuke]

https://www.btctimes.com/news/tether-is-fully-backed-assurance-opinion-shows

it really does not matter anymore. They literally printed themselves out of a hole. That is why I turned bullish and kicking myself for not seeing it sooner. They create tethers out of thin air, buy BTC With them, and then sell it to public. It is really this simple. Once I realized it, I am like HOLLY SHIT. congrats to all who saw it sooner.

 

[RedDuke]

Glad you said that. You can back up your opinion in the markets, short bitcoin or the bitcoin futures or soon they'll have micro futures!

Put your money where your mouth is, instead of putting all that crypto hate here

one need to be insane to short BTC.

 

[themickey]

one need to be insane to short BTC.

Plenty here