BITCOIN
- Thread starter Weather Man
- Start date
MARA is along for the ride. Fidelity and Blackrock applied for BTC spot price funds. Altcoins are very risky and semi-useless. BTC and ETH are the best choices IMO. Not to say you can't make a ton of cash on Alts, but your timing better be really good.
Agreed. I was just curious what some of you long time holders thought of the big boys being the reason for the pop.
kinda wild timing with the govt going after binance and Coinbase just last week it feels like.
Unfortunately because the dipshits in the US Govt won't be definitive about how to regulate and actually define crypto it is eternal limbo. Plus as you mentioned, they are actually going after exchanges. Whatever. If I have to catch a flight to Europe to cash out, that's fine.
Wait. Who are the crooks?
Everyone who makes money on BTC because Weather Man missed out.
I just thought it was funny he thought there was a distinction between Feds and crooks.
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Bitcoin Price Spikes to $138K on Binance.US
Story by Shaurya Malwa • 3h agoCoinDesk
Bitcoin Price Spikes to $138K on Binance.US
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Bitcoin price wicked to $138,000 in early morning hours today. (TradingView)© Provided by CoinDesk
Bitcoin temporarily surged to as much as $138,000 on crypto exchange Binance.US earlier today in a sudden price wick on the btc/tether trading pair, exchange data shows.
Prices shot up to those levels for a few seconds at 6:50 a.m. UTC before immediately reverting to parity with other bitcoin spot markets. Other trading pairs for bitcoin traded as normal.
The move was unlikely to have been caused by a trader wanting to pay a nearly 450% premium for bitcoin, which currently exchanges hands for just over $29,000 in European morning hours on Wednesday.
Instead, the bizarre wick likely came amid low liquidity for bitcoin against tether on Binance.US. Market depth data shows a $400,000 bitcoin buy on this trading pair can increase prices by 2%, compared to a minimum of $842,000 for the same impact on a bitcoin/USD trade pair.
Market depth refers to the level of liquidity in a financial market. As such, Binance.US’s market depth has dropped 76% compared to May, as per a Kaiko report earlier this month, suggesting market makers and traders have fled from the exchange.
Wait, you think they will fork Bitcoin???????????
and then come out on top?????????????????????????????
and then the people that use the real bitcoin will be the crooks???????????????????????????????????????????????????????????????????????????
JFC
I think he's talking about the "digital dollar" which is years away - if ever. Which if he knew anything about BTC - is the complete antithesis.
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The Feds Crypto will be backed by the USA. BTC backed by nothing. Where do you think people will park their money? Every time they look hard at any crypto holding company they find a bag of dicks.
Ah the old "backing" argument. Does it help people who have USD when they get scammed by criminals? Nope. Does anyone with half a brain cell leave their crypto online - nope.
Fail again. Please more.
Fail again. Please more.
Crypto is doing well today
Yup, big daddy BTC just crested $30k a coin. If it can maintain that level it will bring the entire market up a few more %.
I don't see the average investor being rewarded for holding it 10 years. A more interesting question would be how much has been lost through loss of passwords for whatever reason.
I imagine SPY would crush it handily in this inflationary environment, the cheap money to fund crypto is long gone and not coming back.
Lost passwords? Great - Supply goes down and price goes up. Perfect. You are more than likely not familiar with halving either.
good, just wanted it on the record here, thx
it's clear he really doesn't know much about it...the very 1st sentence of this entire thread is complete stupidity.
Nothing backed by nothing, LOL, take all my monies!
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