Bitcoin Price Thread

[ph1l]

"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.""

Isn't this like fractional reserve banking with an unspecified and unregulated fraction?

 

[They]

one need to be insane to short BTC.

Most of the shorting on BTC (futures) is just short side of the carry trade.

 

[orbit23]

Bitcoin is becoming a crowded trade. And at the same time bitcoin dominance seems to be breaking down. Sell BTC for alts IMO.

Altseason!!!

TRX is already going.. I reckon XRP, ETH, BSV, BCH, EOS, LTC... will follow soon

XRP usually pumps the hardest, but not sure if TRX might be taking over...

 

[Etisan]

Bitcoin will hit 15K in the next 3 months, you heard it here first....

Hmmmmmm.... please share your next quarterly prediction as the date/price of the last one basically marked the low of the last 3 months

 

[Sprout]

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.

Never too late. There is so much opportunity rn in crypto's, it's more a demonstration of a positive-sum game and not zero sum.

Bankless has a good foundational podcast series to bring one up-to-speed and get's into depth pretty quick.

 

[Pekelo]

Most of the shorting on BTC (futures) is just short side of the carry trade.

I am not doubting it, but how would you know?

 

[RedDuke]

1 billion tethers were minted over last day or so. Price barely moved. Next move 2 billion tethers

 

[vanzandt]

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

Thoughts on this IPO Johnny?
https://www.elitetrader.com/et/threads/coinbase-ipo.357434/#post-5357368

Specifically, in regards to what I wrote, would there be many barriers to entry tech-wise for established players like IB or Fidelity?
Peruse that S-1 if you feel like it. I posted the link.

 

[johnarb]

Thoughts on this IPO Johnny?
https://www.elitetrader.com/et/threads/coinbase-ipo.357434/#post-5357368

Specifically, in regards to what I wrote, would their be many barriers to entry tech-wise for established players like IB or Fidelity?
Peruse that S-1 if you feel like it. I posted the link.

Very excited about this! I have a big position on Binance through holding of BNB tokens and they're talking about $100B or even $200B valuation for Coinbase ($COIN), I'm trying very hard to not get too excited

I was trying to look for another Dan Tapiero discussion of how Coinbase compares to the worldwide competitors but I couldn't find it so had to settle for this one a few days ago

The thing is a lot of the native crypto traders/investors already know Coinbase and and its role in the mainstream USA markets and it's an awesome company representing the growth of the crypto space, but we go somewhere else for much better coin selections and other cryptos stuff

I started the video as it relates to Coinbase, briefly, but the whole video is worth watching for anyone interested in a macro view of the cryptos

 

[RedDuke]

Another 600 million Tethers printed over last day. So far not enough.