The market cap really wasn't 300 billion for **** coins. Coins that trade like $50,000 in volume a day aren't worth the 200 million the market cap said it was. And the reported volumes are mostly wash. Right now the 100th coin, let me repeat that.. the 100th coin, has a "market cap" of over $100 mil. Go ahead and try and sell even 1 million dollars of that coin and it drops by some huge percentage. So that $300 billion number, is just a made up number.

Alt coins aren't the only thing trading at multiples... it's the nature the beast.

What caused this dip?

Who cares. Two interesting charts like we needed any more confirmation we are in the early stages of the next bull market.

New record for most days (and counting) having closed above 10k, and the 1-Yr HODL wave chart which has never been higher (63%) and preceded bull markets of 2013 and 2017.

Trouble for BitMEX.

It's a pretty minor dip. Don't think market cares much for BitMex. The leveraging they offer amplifies all market moves. If they didn't have 'technical issues' in March, bitcoin probably would've dropped to 1k then.

Yeah, I don't really see how this affects much of anything, except maybe for the traders using it.
Sometimes the market just waits for a catalyst for a move in either direction, and sometimes it's a short term play by people expecting the market to react a certain way to some news. So far this is a blip.

Gotta dip it before you rip it.

What can I use to buy bitcoin with a credit card for under$50?

Sent from my moto g stylus using Tapatalk

Apparently this 'crack down' is being facilitated to clear way for a BTC etf coming in the near future... expect more fed interventions.

It's ridiculous. It's crazy to think we just accept this type of ****. That the feds need to control everything and let us know what we can or can't do.

Makes me like bitcoin even more, although, maybe the haters are right, it's just a matter of time until the feds block ALL fiat gateways. I mean, why the hell wouldn't they? They don't let us do anything ****ing else.

Also, why did it take them years to take action? Just wait until they earn billions so you can take it from them? Sounds about right.

They could literally close up shop and "legally/morally" take the insurance fund of 36k BTC. It's not like a bad beat jackpot where if you rake it from the players, it's suppose to go back to the players. So if you close up shop, you can't run with a bad beat jackpot. However the insurance fund is only to protect against future trades and has nothing to do with the past.

Hope your not serious.

I'd think if your going to buy a dip, it should be one from Trump testing positive for Covid. Although everyone is sleeping and I'm about the only guy who knows about it. Probably be a "slaughter" when everyone wakes up, then buy that dip.

should have seen the betting markets on the trump news. was insane.

I insta went to tether and put in some low buy orders. gonna be interesting to see what happens...

"Insta" went to"Tether"

I might be a dick, but I am dead serious one day you going to do that, and you going to get royally ****ed when that tether music stops exactly like that bitconnect music.


But My god you guys make me laugh when you think you going to safety and you flee to tether lol.

I agree. They are run by people who have pulled massivley shady/scammy **** in the past. They have admitted its not backed 1 to 1 only after a possible audit that never happened. They claim its backed by equivalent "assets"... whatever the **** that means.

New York is still after them and could possibly be the trigger if Tether doesnt keep winning the "you dont have jurisdiction" argument.

I generally agree with you.

I am a terrible trader overall/usually just leave it in btc and close my eyes

back to BTC I go...

you think your bank is any better? or you think the government is going to help you when your bank fails?

My bank has account has less than 1% of my networth.

and yes I think it's better.

If you don't think it's any better lets wager Ill give you odds.

I'll take my bank funds to be safe longer than your tethers?

Where do you live?

https://www.blevinsfranks.com/news/a...ensation-rules

Its not €100k per person its per financial institution so if you have 10 accounts each with different companies thats €1 million that is guaranteed.

Have to admit i feel more secure with money in a bank than tether.

you guys are crying about tether not being backed 1-1, imagine your bank being backed 1-10, in fact in times of a crisis or a bank run, they will take all your money and give you worthless shares, see Cyprus for example.

Tether being backed 70%+, is 7 times better than your bank!

Forget about fdic insured, you really think the government is going to give back the money they are stealing, that would defeat the whole point of orchestrating a crisis to steal your money in the 1st place wouldn't it!

max keiser?

Let me guess the Rothschilds rule the planet as well? Go easy on the crackpot youtube conspiracy videos mate.

Someone's going to be disappointed when it comes out that Satoshi works for the tri-lateral commission.

The way i understand it is that the $ stable coins are collateralized with $ in the bank (correct me if I am wrong). Therefore, a $ stable coin shares the same risk as keeping $ in the bank with the additional risk of trusting the custodian. The benefits being some anonymity and ability to use defi protocols.