Bitcoin Price Thread

poopy said:
Down 15% on the day. Brilliant hedge.
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I read a theory today,you may know better than I.

After a sharp fall in the traditional markets,when margin calls hit,speculative assets are sold in order to fund the call.

To me,this would mean that BTC is a potential hedge until there is a significant downturn?

In my own trading,I try to hedge against 'events' rather than simply downturns.
 
semperfrosty said:
I read a theory today,you may know better than I.

After a sharp fall in the traditional markets,when margin calls hit,speculative assets are sold in order to fund the call.

To me,this would mean that BTC is a potential hedge until there is a significant downturn?

In my own trading,I try to hedge against 'events' rather than simply downturns.
More...

lol.
 
For as long as Tether fraud is alive, the dips get bought.

There are infinite Tethers to be printed.

For as long as Tether is pegged to the dollar, situation is somewhat under control; and so is the price of Bitcoin.

If Tether loses peg to dollar, they will sell Bitcoin to save face... and this could unbound a cascade similar to what happened with Luna/UST.

Granted Bitcoin is not the same, the same will likely not happen. Instead of dumping -99.5% like Luna, it'll probably only go down about -90%...

And at this point it's a question of WHEN, NOT IF.

And until then the pump&dump scheming will continue.

It's hard to say when it will happen but we do seem to be in the latter stages (months away, rather than years).

It does seem the triggering event will end up being macro-environment; i was suspecting Taiwan, but currently the geopolitical risk of escalation of war in the middle east seems to be the main culprit.
 
orbit23 said:
For as long as Tether fraud is alive, the dips get bought.

There are infinite Tethers to be printed.

For as long as Tether is pegged to the dollar, situation is somewhat under control; and so is the price of Bitcoin.

If Tether loses peg to dollar, they will sell Bitcoin to save face... and this could unbound a cascade similar to what happened with Luna/UST.

Granted Bitcoin is not the same, the same will likely not happen. Instead of dumping -99.5% like Luna, it'll probably only go down about -90%...

And at this point it's a question of WHEN, NOT IF.

And until then the pump&dump scheming will continue.

It's hard to say when it will happen but we do seem to be in the latter stages (months away, rather than years).

It does seem the triggering event will end up being macro-environment; i was suspecting Taiwan, but currently the geopolitical risk of escalation of war in the middle east seems to be the main culprit.
More...

Tether usdt is just a digital form of the US Dollar

If you hate Tether, do you hate the US Dollar?

Are you from Europe? check the exchange rate of the usdt to your local currency at one of your local crypto exchanges and let us know if it's higher or lower than the official published exchange rate by your central bank

I'm in Asia, and if I were to convert 100 usdt rate for local currency at many of the exchanges, the rate is higher than what I can get for a physical pristine US $100 bill

The discrepancy has increased with the recent strength of the JPY
 
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