The alts are starting to go up in a big way.

Not really relative to BTC.

How is this afterwards muppet? I called it at 6300 and BAM, we now at 7k!!!

Also were did I state, I wasn't long?

I mean if you are going to read, at least read my posts correctly!

crypto has a lot of mooner followers, peeps that will jump in on momentum.

what has changed in my mind is I dont forsee a lot of bad headlines coming. last year it was nonstop regulatory burden. that seems to have played out so I bought in over the last couple months.

I'm not bought into bitcoin being "the one". a full year ago I stated bnb had a big advantage because of their predatory practice of giving reduced fees to bnb holders. IF they become big enough they will face antitrust charges. but for now ride the bitcoin and shift to bnb

"Why don't I buy in right now, it's simple, probabilities ( you do know that word, right, it's not too long of a word, perhaps get your mommy to explain it to you). Chances are we back test at LEAST 4k, though I think we go lower. So why buy in now at 6k, if I think the price will go lower."

I'm done with you. You just should have listened!

i still think crypto will be dominated by pegs to every currency. if we can buy a coin that represents shares in that peg fine, but you cant they are private companies. for now im fine holding bitcoin, then exchange coins then eventually the money will be on publicly traded system providers of pegs and transaction handling

Stop trying to price predict. If you believe in its future, just start averaging in. If you don't believe in its future then gtfo.

The dumb takes keep on coming

Trading and investing are 2 different things, perhaps I wasn't clear but I do both, now run along little muppet.

I mean, how can you be this dumb "buying in referring to buying in for the long term ie, I still believe I can buy in lower, so why buy now?

My targets still stand, you imbecile!

I am trading long and short. I traded long, now I am looking to go short.

I "buy in" long term investing for the next 2-3 years, perhaps longer. I don't short BTC for long term, only buy dips and hold!

Trading is short term.

Now stop bothering my muppet!

Id like to think my arguments were stronger than that

How this workout?

Looks like I didn't model this pump very well.

This gave me a chuckle.


Gatsby, you realise all your idiotic posts from the last bull run are still in these threads right?

Damn just saw the price comeback, haven't been paying attention in months. Nicely done to those who had the nerve to keep buying.

Can confirm, did not hit 3 trillion or 1 trillion in summer 2018. Are you going to stream eating your own ass?

At least the hyper moon bois give you some insight into their thought. Pontylad why are you even here? Can't believe I have to nominate you over the onemoretimes of the world for nutlow poster.

This run was really wild as it involved:

BFX forcing large USDT holders to bail them out
CBP taking over price leadership, the entire being ask removed, and a pump into that vacuum hitting
Everyone trying to shortcover and nothing available, sending funding way high and squeezing lot of positions

Short squeezes are my favorite thing

Tether bail out logic:

850m hole in reserves means large holders cannot all cash out

BFX in trouble with AG means they want to clean things up

Current USDT holders basically have an IOU backed by BFX recovering funds. New LEO token gives them this exact same thing *plus* another liquid market to dump into, along with an equity slice that could possibly cover them if funds are not recovered



Anyone with large USDT exposure (whales, alt exchanges) really has no choice but to go along here. This also protects the market which is aligned strongly with their interests anyway. If it was all just tiny fish with a few hundred K each then a rush to the exits makes more sense.

Rumors are that zhao dong, big shareholder in bfx & tether is the underwriter for the LEO. He wanted a bailout bc he allowed tether to bailout bfx to keep them capitalized.


Think about this:

Pre LEO, bfx is fully capitalized and there are 1$ for every $1 customer deposit. The risk is not on the exchange, but at tether because their assets no longer are 1:1.

So if anything happened to bfx, eg legal, it’s tether whose screwed because their shares of bfx, what was used to back the $850m bailout, are immediately worthless and tether is now far less than 74% capitalized as the value of bfx would go straight to 0.


So zhao wants a bailout to protect his investments in both tether and bfx to ensure that if bfx is indeed in legal trouble (likely, full tilt poker style) that he won’t also get rekt on tether.

Everyone has a large USDT exposure tho.

Tether is so deeply involved in the majority of trading that if it went fantastically tits up tomorrow, the price would collapse. There are tons of people with a massive financial interest in keeping the game going for as long as possible.

Take a step back and try to wrap your head around the idea that since April, at a time when the entire Tether mess appears to be imploding, the USAG is knocking at the door, and even they are having to admit they didn't have 1:1 backing...they've printed $1B new tethers and their market cap has never been higher!?

The real question here (for those who have BTC) is "how much money has truly been skimmed/scammed/embezzled out of the ecosystem?" Because it seems like the most likely ending here is that this goes on for a bit, and then those inside Bitfinex/Binance/wherever finally dump on the bagholders.

They'll move first, so they'll get theirs, but depending on how much cash is gone (it doesn't take a huge leap to think that if Tether is finally just now admitting they're only backed at 74% after swearing up and down it was 100% for so long, it's probably actually less), the bagholders are going to find when it's their turn for the bank run, the safe is empty.

Exchanges don’t have any tether risk. They are just custodians to customer deposits and are just a third party to the market that’s determining the price of tether.


Tether can go to 0 and nothing would happen to bfx kraken etc. only ppl who lose are those that hold tether in their personal wallets. This is how it is for almost all cryptos except for btc

I mean, are you really this stupid? His insight, as you put it, is like me arguing the world is flat because it kinda looks it on the horizon. It's worthless, in fact it's worse than worthless because other people may read it an believe the nonsense.

Fwiw, i'm a moon boi too. I just don't pull figures out of my arse and then tell other people they're wrong for not agreeing with me. As you can see, White_Gatsby has long made idiotic comments and predictions, his predictions are worthless.
I'm just going to assume you've had a brain fart rather than actually being as dumb as you appear in that post but by all means double down on it and prove me wrong.

Looks like I was wrong, you are hyper moon boi, my mistake.

That seems naive considering Tether and Bitfinex are the same company, but to a larger degree, if Tether went to 0 (I said "fantastically tits up" to imply it goes to 0 quickly, not just deflates slowly over a period of years), the effect on the economy would harm the income of the exchanges since their fees would go down in step with the economy.

Yeah, the immediate effect is that someone holding USDT in their account is ****ed, but that's not where the damage magically stops. Exchanges benefit from a robust crypto economy, and the crypto economy would be harmed by Tether snapping to 0. Therefore, exchanges are incentivized to do what they can (like lying about tether, or stopping withdraws, etc.) to prop it up.

Hey remember this from last year when I tried to warn you about tether:

I'm not sure yours is the best measure of who else has dumb takes