Senate sent a request to all stable coin issuers

It seems like the mother-of-all Tulip Mania is coming.
I am sure the mother-of-all hackers are working very hard trying to
steal trillions of dollars and they are waiting for the right moment to strike.

Hackers, crypto investors, traders .... all wanted to earn tons of money.

China and India will not be affected as they have already banned cryptos.
 
Last edited:
You all fooling yourself. This is what does it? After 13 years and 150%/yr ... its stable coins (read money market funds) that is going to take down bitcoin?

Ill give ya Tether is a bit shady and potentially problematic. Could that cause a large drawdown? Absolutely. Is that what is going to bring down bitcoin? Keep dreaming.

Regulatory clarity around stablecoins is net good long term. More money in the ecosystem eventually finds its way to BTC.
 
GlobalMacro90 said:
Is that what is going to bring down bitcoin?
More...
What do you mean by “bring down?” If it just stops going up, it will simply be (mostly) irrelevant. Is your premise that BTC is going to infinity because everyone must transfer all their assets into it? Give me a reasonable map for it’s future please.
 
qlai said:
What do you mean by “bring down?” If it just stops going up, it will simply be (mostly) irrelevant. Is your premise that BTC is going to infinity because everyone must transfer all their assets into it? Give me a reasonable map for it’s future please.
More...
Well comments like “the mother of all tulip blah blah” implies that bitcoin goes down dramatically and doesn’t come back. After all that’s what happened to tulips.

I don’t think it does to infinity. I’m not one of those people that will never sell their bitcoin, but I think it goes up a lot still. Just getting to gold market cap gets you to 500k/coin, and I think (opinion obviously) this is way better as a non sovereign, uncorrelayed store of value than gold is. Basically it’s way better at doing gold stuff that gold.

Now where does it go from say the 500k- 800k area, I don’t know. The use case of a medium of exchange … I’m still pretty skeptical. Vol would def need to come (which some people can’t get over even at these levels). Time will tell but I currently don’t see a medium of exchange/ unit of account use case

as always I keep my one open and could be wrong.

I was initially a bitcoin hater. Keeping an open mind and finally investing in 2019 has been a 1MM+ decision. Open mind pays

how’s that for a road map? Certainly you disagree with most of this, would love to hear about it.
 
GlobalMacro90 said:
Certainly you disagree with most of this, would love to hear about it.
More...
I can’t disagree with you on you making money! Good for you. I disagree about it being better than gold because BTC hasn’t proven itself as a hedge yet. I am just trying to understand why it’s needed once it’s regulated.
 
qlai said:
I can’t disagree with you on you making money! Good for you. I disagree about it being better than gold because BTC hasn’t proven itself as a hedge yet. I am just trying to understand why it’s needed once it’s regulated.
More...

Fair enough. I also don’t think it’s proven itself to be any kind of hedge either to be honest. It is uncorrelated tho (except in panics when correlations go to 1, but you can also say that about many assets)
 
Bitcoin will continue going up against fiat currencies, i.e. USD. Forever, imho

NFA, always hold a core position of bitcoin and have a small trading position for selling when it goes up too fast in the short term

johnarb said:
"It's going up forever, with volatility..."

"A strong asset is going to go up against a weak asset"

More...
 
You must log in or register to reply here.
Back
Top