how is crypto going to respond to the end of the QE era?

When Tether collapses, it won't be pretty.

The thing is, we KNEW Terra would collapse, but people just couldn't resist aping into it full-retard.

But after learning lessons, people are STILL using Tether! I can't get over this insanity. What is it with people and apes?
 
NoahA said:
Hey RedDuke... off topic here, but what are you thinking about this bitcoin rally and your desire to get in? I think you wanted to start buying below 10k, do you still think its going to go there, or will you be left behind? I noticed you said in another post that you did buy some ETH but what about bitcoin?

I'm asking genuinely because I know how strong the emotional side is. I barely got anything around the 16-17k level as I was hoping for lower prices and now, I've had to be buying in the low 20's and can still buy a good chunk more but of course, the rally has already been large. But what if it breaks 30k and then its off to the races??? Are you feeling the same FOMO?
More...

I never have or had FOMO. my only regret is making a huge mistake of believing that regulators will shut down world biggest financial fraud aka Tethers years back.

I know that if fake stable coins are removed crypto will crash to levels no one can imagine. Look at volumes, it is all in the open, it is mostly stables.

BitFinex is back to minting billions every other day. Does anyone honestly believe that any institution will give BitFinex billions rather then just buying BTC outright ????
 
When Tether collapses, it won't be pretty.

The thing is, we KNEW Terra would collapse, but people just couldn't resist aping into it full-retard.

But after learning lessons, people are STILL using Tether! I can't get over this insanity. What is it with people and apes?
More...

Something happened and I can't quite figure it out... One FDV went down $7B, the other FDV went up by $9B, but I don't know why??? Prolly nothing...


upload_2023-3-22_8-58-35.png
 
RedDuke said:
I never have or had FOMO. my only regret is making a huge mistake of believing that regulators will shut down world biggest financial fraud aka Tethers years back.

I know that if fake stable coins are removed crypto will crash to levels no one can imagine. Look at volumes, it is all in the open, it is mostly stables.

BitFinex is back to minting billions every other day. Does anyone honestly believe that any institution will give BitFinex billions rather then just buying BTC outright ????
More...
Thanks for the reply but you didn't answer the question. You said that below 10k you will start buying, and I think at some point you said you would buy hand over fist. If we approach ATH before dipping below 10k, does this mean you will be left out of what could be a new bull market?

I don't follow the Tether situation at all, so its interesting that you point this out and I need to do research, but there are smart people on Twitter I follow and they do say high net worth individuals are very much interested now. And as you say, people much rather buy bitcoin than Tether. So what if we never dip below 20k again?

As for the regulator aspect, I think given everything I've learned about Chokepoint 2.0, they are now trying their hardest to shut it all down, hence why all this banking trouble.

Following Balaji, I see that he is shocked that nobody at the Fed was paying attention to the crisis that banks holding bonds that are losing lots of value would have on the system. I can imagine a scenario where they knew, and its part of the plan. If everyone knows the system will collapse, the only solution is to bring the entire banking system under the umbrella of the Fed. Its the only way to control the implosion. Taking down banks under the cover of protecting consumers seems almost smart.
 
NoahA said:
Thanks for the reply but you didn't answer the question. You said that below 10k you will start buying, and I think at some point you said you would buy hand over fist. If we approach ATH before dipping below 10k, does this mean you will be left out of what could be a new bull market?

I don't follow the Tether situation at all, so its interesting that you point this out and I need to do research, but there are smart people on Twitter I follow and they do say high net worth individuals are very much interested now. And as you say, people much rather buy bitcoin than Tether. So what if we never dip below 20k again?

As for the regulator aspect, I think given everything I've learned about Chokepoint 2.0, they are now trying their hardest to shut it all down, hence why all this banking trouble.

Following Balaji, I see that he is shocked that nobody at the Fed was paying attention to the crisis that banks holding bonds that are losing lots of value would have on the system. I can imagine a scenario where they knew, and its part of the plan. If everyone knows the system will collapse, the only solution is to bring the entire banking system under the umbrella of the Fed. Its the only way to control the implosion. Taking down banks under the cover of protecting consumers seems almost smart.
More...

it makes sense for high net worth individual to allocate small portion of their wealth to crypto. Hit or miss it won’t matter to them.

you and I are In a different camp when it comes to finance. Unless BTC drops below 10k I have no interest in buying it.

volume speaks the truth. It does not come from people depositing money to coinbase and using the proceed to acquire BTC. It comes from stable coins artificially pumping the price. That is why everyone call it pump.

BitFinex can just print another 10 billion and push it to 50k, another 50 billion printed and 100k level is here.
 
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