Is anyone else starting to become a bit excited?

Truckermal

Evd-Burner wrote: »

How much will you buy?

Stuck 2 BTC in it for literally 3 seconds!

q85dw7osi4lebg

Another 100,000,000 tether just printed.

Blueshoe

Addison Fancy Macrame wrote: »

Another 100,000,000 tether just printed.

Cool. Where can someone see this?

q85dw7osi4lebg

Blueshoe wrote: »

Cool. Where can someone see this?

https://whale-alert.io/transaction/ethereum/f087afe3d55249be3200ebe80a71e4576cc6276d486d0d6cb572d83d080cacf7

Whale alert on twitter for real time notifications.

JohnnyFlash

Volume has dropped off a cliff. Why so low all of a sudden?

q85dw7osi4lebg

JohnnyFlash wrote: »

Volume has dropped off a cliff. Why so low all of a sudden?

Wall Street closed

JohnnyFlash

Addison Fancy Macrame wrote: »

Wall Street closed

lol!!!

Good man, Insta.

Dohnjoe

JohnnyFlash wrote: »

lol!!!

Good man, Insta.

Actually market-wise USD is closed, so volume is generally down on any market today

That said, it doesn't appear to have changed much
https://coinmarketcap.com/currencies/bitcoin/

28bn today, 29/30bn yesterday, how is that off a cliff?

cnocbui

Johnny uses his very own special definition of 'cliff'.

4th of July, the USA is closed.

dealhunter1985

No love for Etherum these days it seems..
Whats that about?

Grumpypants

Dohnjoe wrote: »

It isn't a scam, it's fractional reserve banking, has been around for hundreds of years, and the world as you know it pretty much wouldn't exist without it. Money creation is critical to the economy and your standard of living. We know how it works and it's heavily regulated and moderated.

On the flipside we have unregulated unaudited private company Tether stating they had 1 for 1, when they didn't. That's something completely and utterly different.

Both are playing with money that doesn't exist. Is the "heavy regulation" why we have paid out €60 billion in interest payments for imaginary money we never borrowed.

makeorbrake

cnocbui wrote: »

Johnny uses his very own special definition of 'cliff'.

4th of July, the USA is closed.

Any opportunity to post negativity. There is no sector that doesn't have multiple facets to it. To report only the negative means ZERO credibility and calls into question the validity of those reports in any event (as in this case).

Arrival

dealhunter1985 wrote: »

No love for Etherum these days it seems..
Whats that about?

It's a good thing if anything since it's allowing everyone to accumulate as much as they'd like

vargoo

dealhunter1985 wrote: »

No love for Etherum these days it seems..
Whats that about?

Up 24 quid in 2 days

Dohnjoe

Grumpypants wrote: »

Both are playing with money that doesn't exist.

And the money that does "exist", where does that come from?

Think.

JohnnyFlash

Tether creates money out of thin air (or else by having all these mysterious customers who lodge hundreds of millions of dollars with them in real money so they can get these things called Tethers that). They take this 'real money' and use it to buy bitcoin on 'bucket shop' exchanges like Bitfinex and Binance. Price goes up. People buying.

Lads who believe in this sort of stuff then head to places like Coinbase and Kraken. In goes the small bit of real money into the market. The higher they buy the better, but there's an entire subculture developed around 'nocoiners', 'FOMO', cost average, and all the other sorts of financial mumbojumbo that leads men of below average intelligence to believe that they are onto something good.

This 'whizkids' can also make far more money by leveraging at up to 100 stakes at hopium dens like Bitmex and now Binance, and Bitfinex.

Price goes up, and in goes the money. Shorts are liquidated. Bitmex admits to running an insider 'market mover' desk to make this happen. Price goes up and up. Lads whip out the credit card to have a piece of the action. This could go to 60k by end of the year, right?

The criminals behind all these enterprises then sell the bitcoin they bought with fake money to people who put in real money to buy it. That's when the dump happens.

Your money = real money.
Tether and 100x leverage trading on Bitmex = fake money.
Binance = the magic bucket shop where most of this happens now that the Bitfinex brand is damaged.

Dohnjoe

JohnnyFlash wrote: »

Tether creates money out of thin air (or else by having all these mysterious customers who lodge hundreds of millions of dollars with them in real money so they can get these things called Tethers that). They take this 'real money' and use it to buy bitcoin on 'bucket shop' exchanges like Bitfinex and Binance. Price goes up. People buying.

One thing I would agree on is that Tether is absolutely shady as all hell.

I am generally averse to crypto blogs as credible sources of information, but this seems to be one of the better ones, doesn't paint a good picture
https://blockgeeks.com/guides/what-is-tether/

Feels like a house of cards

Bob24

Dohnjoe wrote: »

One thing I would agree on is that Tether is absolutely shady as all hell.

I am generally averse to crypto blogs as credible sources of information, but this seems to be one of the better ones, doesn't paint a good picture
https://blockgeeks.com/guides/what-is-tether/

Feels like a house of cards

I think many people would agree with saying there is at least a lack of transparency with Tether and possibly much more serious issues.

Having said that, the total market cap of Tether is 60 times less than the total market cap of bitcoin only, and probably around 1% of the total crypto market cap. And I think most people would agree that while they might not hold all the cash they claim they do, they at least have some of it.

Whelo79

Wasn't it proved recently that all tethers were backed up when the report came out about them losing funds in some international transfer? The funds lost in this transfer are the only shortfall.

I'll dig out the article in a while.

XMG

I don’t really follow all the ins and outs of BTC, XRP, TRON (All of which I bought and still hold a number of years ago when I had a few quid doing nothing) and I skipped huge chunks of this thread.

I treated it purely as a gamble and if I’m honest I didn’t really understand what it was all about back then. If it goes to the moon well and good, if not no harm done.

I’m not really into the obsession that some seem to have over it, the time and energy put into defending your stance / hating on the opposing point of view. Who has time for that? I wouldn’t put any more into it I’d say, but each to their own. If it’s your money and the mortgage is paid and the kids fed and watered then it’s nobody's business but your own. There are other things to fret over 😊

Truckermal

XMG wrote: »

I don’t really follow all the ins and outs of BTC, XRP, TRON (All of which I bought and still hold a number of years ago when I had a few quid doing nothing) and I skipped huge chunks of this thread.

I treated it purely as a gamble and if I’m honest I didn’t really understand what it was all about back then. If it goes to the moon well and good, if not no harm done.

I’m not really into the obsession that some seem to have over it, the time and energy put into defending your stance / hating on the opposing point of view. Who has time for that? I wouldn’t put any more into it I’d say, but each to their own. If it’s your money and the mortgage is paid and the kids fed and watered then it’s nobody's business but your own. There are other things to fret over ��

Probably the most sensible comment made on this thread in a long time. You cannot have a conversation here about various coins as some w4nker will jump in and derail the whole thing.

Bob24

Bob24 wrote: »

but Of course no one knows for sure, but if I had to pick a side I’d say we are moving towards the second option. Especially if a larger part of the market is driven by institutional money - which won’t go into dogecoin just because it has a cool name an everybody talks about it on Twitter/Telegram.

Had to quote myself when I saw this, felt like I was beeing barked at :-) : https://cointelegraph.com/news/dogecoin-finally-listed-on-binance-doge-price-up-30

Grumpypants

XMG wrote: »

I’m not really into the obsession that some seem to have over it, the time and energy put into defending your stance / hating on the opposing point of view. Who has time for that? I wouldn’t put any more into it I’d say, but each to their own. If it’s your money and the mortgage is paid and the kids fed and watered then it’s nobody's business but your own. There are other things to fret over ��

If I can't argue with strangers on the internet about things I only read about a few days ago what's the point to living.

q85dw7osi4lebg

Addison Fancy Macrame wrote: »

Broke my own rules yet again, big BTC purchase today. Done for now, promise.

Well I'm full of sh1t.

q85dw7osi4lebg

Possible breakout to upside in the next day or two in my opinion. (BTC).

el diablo

Addison Fancy Macrame wrote: »

Possible breakout to upside in the next day or two in my opinion. (BTC).

Ok thanks. Just sold my car to purchase more BTC.

q85dw7osi4lebg

el diablo wrote: »

Ok thanks. Just sold my car to purchase more BTC.

You weren't supposed to sell the Lambo to buy Bitcoin

q85dw7osi4lebg

Although since there's your breakout, you can buy it back and keep the free Sats.

sexmag

https://twitter.com/haydenotto_/status/1148174274374455297?s=09

I havent verified yet but apparently the police are raiding trons offices in Beijing

makeorbrake

sexmag wrote: »

https://twitter.com/haydenotto_/status/1148174274374455297?s=09

I havent verified yet but apparently the police are raiding trons offices in Beijing

They seem to be there to keep the peace. Apparently, some people lost money in a scam that had a similar name or tried to associate itself with Tron. Those guys are píssed off with Justin Sun for not clearly disassociating Tron from this fraudulent project.