Exactly. This just feels like the market panic buying in to BTC because USDT isn't safe and alts are bleeding. When the Binance money is unlocked what is stopping a massive selloff?
Like I said in another post, new money can enter the market now but money can't leave. So when these forces are given a chance to equalize why would things favor buying? Doesn't add up.
Look on your chart retard btc m cap is rising
Look on above chart posted by annon you clearly see btc rising while all other stay almost flat when exluded btc that's cuz btc drives the gains and it's m cap increases with new money otherwise you would see a drop in the chart that excludes btc. BAKA
good thread
>US threatens to ban crypto seemingly randomly, after countless officials have said they are okay with BTC.
is anyone taking this kvetching seriously? (((he))) just sounds like a boomer shilling for (((his))) sponsors and dumping on crypto
does (((he))) have any actually capability to do anything besides shill for his sponsors?
Because it's getting money from alts, just like I mentioned.
Look at the market cap during the first big hike. It hit about 180 billion and hasn't gone up since. Does that seem like a legit bull market to you?
Everything jumped up initially and then stagnated like a motherfucker with only internal money moving around. There's no new money coming in.
Can someone explain what this chart is supposed to be?
What % of overall market volume is binance?
About 20% of all volume trading in BTC is trading through USDT/BNB so it's at least 20% of the market, probably more because a lot of people on Binance are trading through BTC/USDT.
not to mention binance is going to put stronger KYC. only reason i was on there was to buy link and no KYC. Im with drawing and using kyber from now on
I think you proved my point, alt marketcap decreased $10 billion in the same time that BTC pumped.
This user get its. BTC has nowhere to go but down, unfortunately. It's gonna be fast and hard when it does.