Theory the price of Bitcoin is being propped up— academic who proved manipulation in 2017
- Thread starter ph1l
- Start date
Of there is a bitcoin plunge protection team I wish they were a little better at their job!
If*
Full economic and military power of USA, oh yeah and that small thing called reserve currency
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Taxing capability (personal, corporate, tariffs, sales), over a billion acres of real estate, millions of acres of oil and mineral rights, immense borrowing capacity.
Wait a few more years, for people to lever up to the tits again. Then the run on Tether will happen... how the spark will start I'm not so sure. Either something will break, or a rolling momentum will start from that tiny fractal that just explodes through one layer of margin to the next.
So far, Tether has survived a lot of big moves last year. Not only did it survive vs the Terra collapse, but it also survived a direct hit by Alameda as well, with the set goal to de-peg. It wavered for a moment, but held.
I'm not sure what there is left to break it at the moment. Genesis going chapter-11 is not really going to be a shock to anyone at this point, despite it will take down other players with it. Either everything will be ok, or everyone is just sticking their head into the sand and hoping it will be ok.
So far, Tether has survived a lot of big moves last year. Not only did it survive vs the Terra collapse, but it also survived a direct hit by Alameda as well, with the set goal to de-peg. It wavered for a moment, but held.
I'm not sure what there is left to break it at the moment. Genesis going chapter-11 is not really going to be a shock to anyone at this point, despite it will take down other players with it. Either everything will be ok, or everyone is just sticking their head into the sand and hoping it will be ok.
You forgot to say 'thin air'.
1 Bitcoin is enough to buy a piece of land, how much land can you buy with 1 dollar? Nuff said...
Oh you sweet summer child, God bless your little heart, there is plenty wrong with BTC. The other day it took 30+ minutes for a block to be mined, 14 years after this shit was created.
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Anyhow can someone summarize the article in 3 or less sentences? I ain't no novel reader. Or at least give me the audiobook version?
do you have a source for that 30 minute block?