BTC recovery starting now.

shanna_doll said:
Crypto market is not as transparent as you may want to believe. It is just as rigged as stock market, probably even worse, considering Tether is printing like crazy, as well as Binance, Coinbase etc.... crypto market is irrational and I wouldn't invest one cent into it. It is matter of time before it all collapses, and many guys will be left with worthless digital coins, that anyone can create with copy/paste.
Click to expand...
I won't disagree about the USDT issue, I don't understand what Binance and Coinbase have to do with that though.
However, if you agree that USDTs are printed mindlessly and USDs are printed mindlessly and Bitcoins are not printed like crazy...who will lose value?
It's a simple problem of supply/demand.
If it's true that hyperinflation will cause an economic crysis, then we can expect that deflationary assets will increase in value.
Deflationary assets that promise to change the financial system even more so.
If USDT bubble bursts (it could happen), I could see Bitcoin going down for a bit, like a flash crash, depending how the story unfolds, but should recover super fast IMO.
 
Advertise on BHW
Larry Igna said:
I won't disagree about the USDT issue, I don't understand what Binance and Coinbase have to do with that though.
However, if you agree that USDTs are printed mindlessly and USDs are printed mindlessly and Bitcoins are not printed like crazy...who will lose value?
It's a simple problem of supply/demand.
If it's true that hyperinflation will cause an economic crysis, then we can expect that deflationary assets will increase in value.
Deflationary assets that promise to change the financial system even more so.
If USDT bubble bursts (it could happen), I could see Bitcoin going down for a bit, like a flash crash, depending how the story unfolds, but should recover super fast IMO.
Click to expand...
There is nothing confusing about it - these guys print (mint or whatever) digital tokens (coints) without any control. Then, these tokens are sold (exchanged) for real USD/EUR etc.. if these are so valuable, then why are they selling them for real money? Especially Tether.

You may say, but USA prints dollar like crazy. Yes it does. But at least we know who the guy behind Fed. Reserve is. USA Government has choosen the person who is leading the bank and printing USD.

Who is the guy behind Tether ? Anyone could set up a website, and sell digital tokens that are created in a minute, taking real money for shitcoins. You guys are giving your real names, IDs, bank data, and money to guys doing business in Belize, Panama and other shithole countries.

Bitcoin is deflanatory only in theory, electricity bill is about 2 million dollars/month, so, it can only lose its value over time. It is too expensive, much more expensive than paying monthly fees for having a bank account. Yes, some guys will profit out of it, but 99% guys won't. Just don't cry later because 1. your government probably won't care. 2. how to find a guy who is probably using a fake identity, on a remote island, 1000 kilometers away from your place of living ?
 
shanna_doll said:
There is nothing confusing about it - these guys print (mint or whatever) digital tokens (coints) without any control. Then, these tokens are sold (exchanged) for real USD/EUR etc.. if these are so valuable, then why are they selling them for real money? Especially Tether.

You may say, but USA prints dollar like crazy. Yes it does. But at least we know who the guy behind Fed. Reserve is. USA Government has choosen the person who is leading the bank and printing USD.

Who is the guy behind Tether ? Anyone could set up a website, and sell digital tokens that are created in a minute, taking real money for shitcoins. You guys are giving your real names, IDs, bank data, and money to guys doing business in Belize, Panama and other shithole countries.

Bitcoin is deflanatory only in theory, electricity bill is about 2 million dollars/month, so, it can only lose its value over time. It is too expensive, much more expensive than paying monthly fees for having a bank account. Yes, some guys will profit out of it, but 99% guys won't. Just don't cry later because 1. your government probably won't care. 2. how to find a guy who is probably using a fake identity, on a remote island, 1000 kilometers away from your place of living ?
Click to expand...
I hope you know you can trade the important pairs at Binance directly with EUR at Binance if you don't want your money to be in stable coins.
 
Nash Commerce said:
zqCHpyu7
Click to expand...
Keep inhaling that HOPEium lol
 
Although these are some positive signs for crypto, it's still far from being a recovery , we will need to test the resistance levels quite a few more times and also enter the STH Holding losses levels more than once .

This is just a short term recovery resulting from accumulation and breaking through the EMA50 on Sunday's market closing , there are no signs of any trend reversal yet .

In fact, historically these kind of pumps in bearish markets have almost always lead to continuation of the downtrend, so hold your horses for the time being .

I believe we may get a shot at the $42k resistance level but my guess is we'll be seing some ups and downs in the next few days .

Having said that, this cycle is behaving abnormally in many ways so maybe we're up for a surprise :)

HODL
 
Going up because Amazon is hiring a project manager for their crypto payment method development, will be good for a long run. :)
 
sunil0021 said:
Going up because Amazon is hiring a project manager for their crypto payment method development, will be good for a long run. :)
Click to expand...
The news that Amazon is hiring a crypto guy is months-old news.For some reason, only now it's anchored in the price action.
 
Larry Igna said:
The news that Amazon is hiring a crypto guy is months-old news.For some reason, only now it's anchored in the price action.
Click to expand...
83 billion dollars entered into bitcoins market cap in 1 hour. It’s institutional money coming in, when this quarter ends companies will have to disclose what they’ve done with their money and I’m willing to bet some big players had something to do with this.
 
Nash Commerce said:
83 billion dollars entered into bitcoins market cap in 1 hour. It’s institutional money coming in, when this quarter ends companies will have to disclose what they’ve done with their money and I’m willing to bet some big players had something to do with this.
Click to expand...
Definitely some big guys FOMO'ed on those green candles. The smart guys bought on OTC markets when price was ranging for so many weeks.
sunil0021 said:
I was not aware of that, i just saw the news yesterday ~ https://m.economictimes.com/markets...rencies-like-bitcoin/articleshow/84727484.cms
Click to expand...
Decrypt.Co February news
It was around the time Tesla bought BTC, so that piece of a news was too little to move the markets, everything was green and Moon-ing, so it was just "normal". Right now it's a big deal.
 
AMZ is not going to accept BTC payments imo. More likely they are looking into making their own internal coins to increase TC/Perks for their employees. They already pay engineers with salary + stock, they are just going to sweeten the deal with possibly another asset to the total compensation package (AMZ crypto?). Dont forget they are competeing for the same pool of talent as Google and Facebook.

I wouldnt be socked if you saw more companies doing this, coca cola bux anyone?
 
Last edited:
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top