Bitcoin Price Thread

[orbit23]

So, you don't plan and set your trades ahead, you wait UNTIL the event has already happened (and everyone sees it), and THEN you put on the trade you WISHED you had put on before hand???

I could short prematurely and have my money taken away by the Tether fraudsters or wait for them to pump the price up using fake money and then get in at artificially inflated point before the inevitable collapse.

Yes ideally you could go long before move up and if you can that's good for you, but i am not that good i guess?


Above $66K this is a nice short if it even gets there, maybe even up to $71K, don't know how high they manage to lift this fake ponzi asset before the doomsday occurs

 

[orbit23]

Until recently you could easily buy fake followers for your social media accounts. Just recently FTC made this practice illegal.

Interestingly enough Tether is running a bunch of shill accounts(operated by cheap Indonesian workers) on twitter that try to create good impression on Tether.

A $115B stablecoin and allegedly the most profitable company and best business in the world is deploying shill accounts to create fake impression.

Like how is this even real. I wish this was a joke, but unfortunately it is not.



Telegram enabled in-app USDT(Tether) payments and now Telegram CEO found himself in jail.

https://www.msn.com/en-us/news/othe...er-reportedly-detained-in-france-what-we-know

I don't think the arrest is related to Tether, but the point is that everyone celebrated how Telegram enabled USDT payments, but this doesn't mean anything. Telegram is a very small company with very few employees. They don't do due diligance or care about compliance.

Them enabling USDT doesn't give it any credibility.


This entire market is a straight up ponzi scheme and a fraud. We are on the last hail mary exit pump before the ponzi scheme collapses and when it does it will be straight down. $50k, $40K, $30K, $20K, $10K.

When Luna collapsed Bitcoin dumped -60% in a single month. If(when) Tether goes down, we could easily trade below $10K before elections end.

Short term trend is up and seems like the Tether fraud will give it everything they've got in attempt to pump this ponzi asset. For the love of god i hope they do not succeed.

Everyone who has the balls to short $70K has the heart of the lion and is a true warrior of god. They deserve all the profits to be bestowed as they counter this evil force trying to lure in more naive suckers into the ponzi scheme.

 

[johnarb]

 

[The_Krakenite]

When Luna collapsed Bitcoin dumped -60% in a single month. If(when) Tether goes down, we could easily trade below $10K before elections end.

On the flip-side, this time boomers will be able to buy the dip, instead of missing out again by sitting on the sidelines without an ETF.

 

[SunTrader]

Launching September 30: Bitcoin Friday futures (BFF), our smallest Bitcoin contract yet
MEET YOUR NEW BFF
A new addition is coming to the CME Group Cryptocurrency product suite on September 30, 2024*: Bitcoin Friday futures (BFF). This cash-settled weekly contract, sized at 1/50 of a bitcoin, expires every Friday, providing unparalleled cost efficiency and flexibility for your crypto trading strategies.

Greater accessibility with a smaller contract
BFF's smaller contract size of 1/50 of a bitcoin allows you trade with greater precision.

More flexibility with shorter durations
BFF expires each Friday, enabling it to closely track the spot price of bitcoin and mitigate weekend risk.

Efficiently capture market moves during U.S. trading hours
BFF expires to the CME CF Bitcoin Reference Rate New York Variant (4 p.m. ET) so you can seamlessly access the rising liquidity of the U.S. cryptocurrency market.

Enjoy lower capital commitment
Trade with a lower margin requirement compared to larger-sized contracts and enjoy potential margin savings vs. other Cryptocurrency products at CME Group.

Go long or short
No matter what your view is on the crypto market, easily make a move with BFF.

*Pending regulatory review

 

[The_Krakenite]

At first I was hoping that maybe it was Solana futures. There was some push for that a while back.

These contracts are far too short for me, and I already have to scale up with multiple contracts with the micros. Not sure there's a point in splitting the micros into further fractions.

I guess their think-tank was running out of ideas to lure in new retail.

 

[orbit23]

Exactly. There are only so many suckers.

They are trying to squeeze till the LAST drop. The moms, the pops, the institutional clients... Now they want every last dollar out of retail traders as well! Pathetic!

Extremely frightening at this point. Is the top in? Is $30K next?

Donald Trump launched his crypto project. Wasn't defi, but it was another Trump collection cards.


The last glimmer of hope for Bitcoiners at this point is the fact that Peter Brandt is shorting ETH and there is a slight hope we reach $3000 ETH before the inevitable collapse. That is your best case scenario and you better start praying.

 

[The_Krakenite]

That is your best case scenario and you better start praying.

You remind me of these cult-leaders making proclamations for the end of the world. Every time the expiration day comes (and passes), the goal-posts keep getting pushed further into the future.

 

[orbit23]

You remind me of these cult-leaders making proclamations for the end of the world. Every time the expiration day comes (and passes), the goal-posts keep getting pushed further into the future.

Donald Trump launches NFT Trump cards. The next day SEC issues Wells Notice to Opensea (NFT marketplace)

It's not like they have to do anything against crypto. They just have to stop deliberately looking away at the biggest fraud that runs the entire space; Tether.

Trump is the biggest poster guy for crypto right now. So to me it is surprising how comes they haven't done anything. And if they touch Tether, the market nukes instantly. $10K BTC before you know it.

 

[2rosy]

Exactly. There are only so many suckers.

They are trying to squeeze till the LAST drop. The moms, the pops, the institutional clients... Now they want every last dollar out of retail traders as well! Pathetic!

Extremely frightening at this point. Is the top in? Is $30K next?

Donald Trump launched his crypto project. Wasn't defi, but it was another Trump collection cards.


The last glimmer of hope for Bitcoiners at this point is the fact that Peter Brandt is shorting ETH and there is a slight hope we reach $3000 ETH before the inevitable collapse. That is your best case scenario and you better start praying.

term is baghodlers