History may not repeat, but it sure as fuck rhymes. As if the technicals alone weren't screaming SELL loud enough, now we have a major black swan event looming. Most of you idiots will have to learn this lesson the hard way, but maybe there are a few anons out there that have at least half of a brain and can see what comes next.
You've been warned.
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are you new?
tether fud is fucking old news
aaaand that's it. i'm tethering up and rebuying at 2500.
I made like $40K on this Q1-Q2 run. Full cash out, with re-entry at $2,700 at best. You are right, and it's not worth the stress anyways.
I can see that this time you can bank on it. Based Arthur.
>i'm tethering up
Is this ironic?
God I hope so
>mt.gox collapse a whole year off
just set your buy orders between 0 and 3k on kraken and thank me later
>i'm tethering up
no, exit all Tether, pump BTC
Unironically this. No more flash dumps, no more bears shorting. Just slow and steady grow
perfection
Can someone explain to me why a tether collapse is bearish for bitcoin?
If the FUD escalates, there could be a rush to exit tether, and at least some portion of that will be buying back into BTC.
So isn't it a win/win for BTC? Market purges a top 10 scam coin while also increasing demand for BTC.
Is the fear that bitfinex would have to sell off all their BTC? Because I think they'd "lose" it in a "hack" before doing that.
interesting tho centralized services failing again and again, private fractional reserve banking failing and imploding should actually reinforce in peoples mind that bitcoin is here for a good reason. but it does the opposite now. it's like the entire world gone mad and clowns are it's true masters and influencers.
kek
rofl
i can't tell anymore idiots and trolls say the same shit
How soon we forget
He is blatantly reading off a script in this
You are in for a bad time if you believe in that picture. But go ahead, long please.
right or is he referring to a development of it?
it was the major catalyst for that cycle. it wasnt just a quick dump the day that they disabled withdrawals, it was a long slow bleed.
Holy kek that video. How have I not seen this before?
>old news
kek this basically, anyone that would have impacted the market dumping did already. we are going to keep hearing it from bottom shorters and greedy niggers trying to get a better entry though, so it will be on everyone's mind and any more bad news may lead to an over reaction. tread carefully anons and ignore discord trannys.
Tether collapse already priced in
You must be new
Because you are fucking retarded
...And also gay
Redpilled
Yeah. There are also more stable coins, some of them less shady than tether.
It would be black swan if other stable coins didn't exist, but they do so it's not really an issue
>always do the opposite of what /biz says
so is this the start of the bullrun?
i chuckled
To be honest, what actually happened is that cash withdrawals were not being fulfilled months and months before Feb 2014, only Bitcoin withdrawals were being honored. Bitcoin hit ATH in november/december 2013 and then mtgox went belly up for good in feb 2014 even though fiat withdrawals were backlogged for months on mtgox.That's why everyone thought bitcoin was dead for sure in 2014-2016, because the perception after MtGox collapse was that Bitcoin was such worthless scam meme money that Karpeles was just exit scamming for fiat but was willing to give you your BTC back. Also, Silk Road 1.0 being shut down in late 2013 played no small part in the crash either.
It was only later that all of the Alexander Vinnik stuff came out and Karpeles turned out to be incompetent rather than a malicious scammer.
That + halvening and changes in Chinese goverment policy regarding capital controls created the perfect storm for the 2017 $19,000 bullrun.
t. 2012 buyer who was actually there who pulled half my crypto money out in BTC and had half in fiat on mtgox when it went down. Just now getting the fiat back due to trustee.
As if bittfinex going down is a bad thing. Glad they are fucked. Also everyone with a brain knew tether was fishy.
>Black swan
>looming
If it's looming it's not a black swan.
what is your forecast for the next bullrun oldfag?
Honestly? I don't have a crystal ball but I'd think maybe 2021 or 2022 at the very least. Enough time that people's memory of the 2017 BITCONNECTTTT irrational exuberance has faded, because people forgetting about the bubble memes is a sufficient and necessary condition for another bubble to happen. And it's also after the next halvening so that supply is constricted, and also needs a geopolitical catalyst of sorts such as
A) Financial crisis in a reasonably sized medium-high wealth country (think another Cyprus 2013 but in a larger country since Bitcoin market is larger now)
B) regulatory regime change that prompts the old money ultra wealthy to move to away from trusts, swiss bank accounts, etc, to crypto as a means of safeguarding wealth (president Warren/Sanders scenario)
C) (non-geopolitical) Bitcoin's scaling problems being resolved and lightning network somehow getting mass adoption, as well as retailers adopting necessary hardware, aka eating the current Apple Pay/Android pay mindshare
I bring up a financial crisis and currency crisis scenario because IMO, that's the most compelling use case for Bitcoin in its current state.
I don't really think smart contracts are that compelling for a lot of things, as least not as many as proponents would like you to believe. Very few use cases for them and most people DO NOT want Ethereum's philosophy of "code is law" -- idea is very horrifying.
>long
Not everyone is a degenerate gambler
so shorting right now is a good idea?
my man on yesterday's drop I've never seen so many 10M sells in such a small amount of time. That said yes it might be a good time to short until mid 4000s (I am short since 5384)
thanks fren
what do you think of the STO meme?
SO IS BITFINEX GOING DOWN OR IS JUST JUST SPECULATION?
fuckig american faggots. momney hungry jews ruining everything. i move my tezos coins to huobi. fuck you.
wont keep anything in western exchanges because any time can jew sec come and seize everything.
t. eurofag
nah, i can hold for another year
Finex isn't western