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Forum ยป MISC Crypto Crew (MCC) Vol 9: At first I was like lambooo and then I was like lamooo
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Thread: MISC Crypto Crew (MCC) Vol 9: At first I was like lambooo and then I was like lamooo

post 1542302001 01-30-2018, 12:35 PM
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#7831
  1. Luc1fer
  1. Luc1fer
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Originally Posted By RaphaelDeLaGhetto⏩
Lol, link?
http://www.news.com.au/finance/money...92847a0b59a23b
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

โ–ˆโ–“โ–’โ–’โ–‘โ–‘๐ŸงตMake trolls invisible: https://forum.obnoxiousbrutes.com/showthread.php?t=180234573 โ–‘โ–‘โ–’โ–’โ–“โ–ˆ
post 1542302021 01-30-2018, 12:35 PM
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#7832
  1. nathangreen
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  1. nathangreen
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Originally Posted By shoelaces⏩
So did ICX finally release a private wallet yet? First they said one would be coming out at mainnet launch. Then they said wait until the summit. Now no news.

Losing faith on this team day by day if they can't even communicate basic information.
Summit doesn't start till late tonight I thought
post 1542302321 01-30-2018, 12:38 PM
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#7833
  1. Luc1fer
  1. Luc1fer
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The Bloomberg FUD news is 2 months old!

๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

โ–ˆโ–“โ–’โ–’โ–‘โ–‘๐ŸงตMake trolls invisible: https://forum.obnoxiousbrutes.com/showthread.php?t=180234573 โ–‘โ–‘โ–’โ–’โ–“โ–ˆ
post 1542302361 01-30-2018, 12:38 PM
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#7834
  1. shoelaces
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  1. shoelaces
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Originally Posted By Luc1fer⏩
I just read some media FUD saying Bitcoin price will fall 80% if USDT collapses.
I read this too. If BTC falls to $2k, then the game is over. Everything will come crashing down and probably never recover. I thought it took over $1k to mine a single BTC. I really doubt it will crash so far down. Typical non-news story imo.
post 1542302441 01-30-2018, 12:39 PM
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#7835
  1. shoelaces
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Originally Posted By nathangreen⏩
Summit doesn't start till late tonight I thought
Would be nice if they actually communicated with news. Instead of saying nothing and letting speculation run wild.
post 1542302541 01-30-2018, 12:40 PM
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#7836
  1. fabryzz
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Srs not sure if I should withdraw to fiat or move all in on cheap alts rn

Might just flip a coin

Weeeeeeeeeeeeeeeeeeeeeee
post 1542302601 01-30-2018, 12:40 PM
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#7837
  1. DSTEE
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Originally Posted By mgftp⏩
You Tether supporters still believe?

Can't believe the downfall of crypto could be enough people were dumb enough to fall for the Tether scam.
Yeah people are stupid, its not like all the huge exchanges literally used it as a trading pair along with BTC and ETH. Smh

Originally Posted By Luc1fer⏩
http://www.news.com.au/finance/money...92847a0b59a23b
"Experts warn". Thank you for a strong and reliable source ******* journalist
post 1542303241 01-30-2018, 12:48 PM
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#7838
  1. Drew1105
  2. Sports Investor
  1. Drew1105
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Can someone please explain the hate? Why would all the major exchanges have USDT on their exchange if it were such a scam? It was nice to chill in USDT while BTC and alts dropped during massive dips. I saw it pretty convenient
โ€”Layin off the sauce since 1983โ€“
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post 1542303271 01-30-2018, 12:48 PM
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#7839
  1. jamalfudge
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  1. jamalfudge
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Ok, I get how tether isn't really backed by provable USD, but can someone tell me how it's not backed by the BTC from those who sell into it? U get there would be an inherent discrepancy in dollar value, which is why I think they print more. I never use it, never will. But I'm legit curious.
#
post 1542303461 01-30-2018, 12:50 PM
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#7840
  1. luckynrslevin
  2. no pms
  1. luckynrslevin
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what happened to this thread lol

I member the good ol' days

sad!
post 1542303531 01-30-2018, 12:51 PM
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#7841
  1. iifymbro
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Originally Posted By mgftp⏩
Still believe in Tether bro?
Never believed in it, just useful in the short term when btc is bleeding from wherever
**MFC**
**Barbara Palvin is my 10/10 crew**
post 1542303561 01-30-2018, 12:51 PM
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#7842
  1. mgftp
  1. mgftp
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Originally Posted By Drew1105⏩
Can someone please explain the hate? Why would all the major exchanges have USDT on their exchange if it were such a scam? It was nice to chill in USDT while BTC and alts dropped during massive dips. I saw it pretty convenient
Ease of business, it's an unregulated market. No legit exchanges such as Coinbase or Gemini use USDT.

USDT is an obvious scam, just look at the money they "print" whenever the market dips. Sure it's convenient but it's too good to be true, same as bitconnect, sounds great but from a logical standpoint there is no way it is legit.
Originally Posted By iifymbro⏩
Never believed in it, just useful in the short term when btc is bleeding from wherever
You defended using it. Still using it now?
post 1542303841 01-30-2018, 12:53 PM
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#7843
  1. Zen18
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  1. Zen18
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Originally Posted By eXistenceLies⏩
You know there is news coming out next week for them.

https://www.reddit.com/r/carVertical...next_week_511/
Thanks for the heads up, I'm gonna buy back in shortly.

i rep back 300+ just type rep back
post 1542303941 01-30-2018, 12:53 PM
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#7844
  1. enzo818
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tether causes greater volatility because people assume its a safehaven. So people short btc causing more volatility. This makes tether bad for the overall market.
post 1542303991 01-30-2018, 12:54 PM
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#7845
  1. Legendsneverdie
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  1. Legendsneverdie
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in thepast hourmost of the top 100coins went back green. hope you guys got some on this bounce?

i bought more
icx
drgn
xrb

you?
IF YOU DONT SQUAT, YOU AINT SQUAT
post 1542304191 01-30-2018, 12:55 PM
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#7846
  1. mgftp
  1. mgftp
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Originally Posted By Legendsneverdie⏩
in thepast hourmost of the top 100coins went back green. hope you guys got some on this bounce?

i bought more
icx
drgn
xrb

you?
ETH and BTC for me, have lower laddered buy orders as well in case it dips again.
post 1542304371 01-30-2018, 12:57 PM
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#7847
  1. TehNatorade
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  1. TehNatorade
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Originally Posted By enzo818⏩
tether causes greater volatility because people assume its a safehaven. So people short btc causing more volatility. This makes tether bad for the overall market.
this is actually a good point

without USDT on most of the major exchanges, people wouldn't be hopping in and out of BTC/ETH so frequently causing these major fluctuations
post 1542304591 01-30-2018, 12:59 PM
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#7848
  1. KhumatMibra
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Originally Posted By Legendsneverdie⏩
in thepast hourmost of the top 100coins went back green. hope you guys got some on this bounce?

i bought more
icx
drgn
xrb

you?
Nice.

I got nothing in this dip, fml. Waited it out too long thinking perhaps it'll go lower.



Feels like its impossible to catch the bottom, i got greedy.
post 1542304701 01-30-2018, 12:59 PM
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#7849
  1. mgftp
  1. mgftp
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From the man, Charlie Lee
More
1/ With respect to the Tether situation, it's expected for CFTC to subpoena Bitfinex to investigate if there are any wrongdoings. The fact that the subpoena is in December 2017 and they have still continued issuing USDT is good news.

USDT is just like any other altcoin.

2/ If it turns out that USDT is not backed by real USD, the price will crash to 0. This is similar to what happened with BitConnect BCC. It should not affect BTC or any other altcoins. The reason why it does is because people are afraid of it affecting and they sell.

3/ This becomes a self-fulfilling prophecy. People afraid of price crashing, sell their coins, and cause the price to actually crash.

IMO, hodl is the best move to ride this out. And buy the dip. That said, don't ask me to buy LTC as I decided to not trade LTC for other reasons.
--
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Originally Posted By TehNatorade⏩
this is actually a good point

without USDT on most of the major exchanges, people wouldn't be hopping in and out of BTC/ETH so frequently causing these major fluctuations
Getting rid of USDT would be the best thing for the market, so many weak hands use it.

Besides, eradicate it now when the market is still small and already in a dip, timing couldn't be better for this mess, so hopefully there isn't a huge effect.
Originally Posted By KhumatMibra⏩
Nice.

I got nothing in this dip, fml. Waited it out too long thinking perhaps it'll go lower.



Feels like its impossible to catch the bottom, i got greedy.
Buy ladders are the way my friend, most of mine didn't hit but some did.
post 1542305661 01-30-2018, 01:06 PM
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#7850
  1. Legendsneverdie
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  1. Legendsneverdie
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Originally Posted By mgftp⏩
Buy ladders are the way my friend, most of mine didn't hit but some did.
what are u using to alert you to buys?
IF YOU DONT SQUAT, YOU AINT SQUAT
post 1542305811 01-30-2018, 01:08 PM
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#7851
  1. iifymbro
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Originally Posted By mgftp⏩
You defended using it. Still using it now?
No. I've been wary of the U.S gov using tether as a way to tor-p-e-d-o the market for awhile now. Tether not saying anything about it for a couple months is sketchy as fuark.
**MFC**
**Barbara Palvin is my 10/10 crew**
post 1542305951 01-30-2018, 01:09 PM
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#7852
  1. Oakbearer
  2. eets
  1. Oakbearer
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went to sleep with HPB @ $9 woke up to it at $7.

wtf has happened to the market?
post 1542306231 01-30-2018, 01:11 PM
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#7853
  1. mgftp
  1. mgftp
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Originally Posted By Legendsneverdie⏩
what are u using to alert you to buys?
What do you mean? I just set buy orders in a laddered fashion, no alert needed, if they hit they hit, if they don't they don't.
Originally Posted By Oakbearer⏩
went to sleep with HPB @ $9 woke up to it at $7.

wtf has happened to the market?
Tether and weak hands
post 1542306241 01-30-2018, 01:11 PM
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#7854
  1. Legendsneverdie
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Originally Posted By Oakbearer⏩
went to sleep with HPB @ $9 woke up to it at $7.

wtf has happened to the market?
illumanoti triggered fake shake off / market manipulation so more whales (Chinese government and walstreet whores) can buy low and hoard for future control of all cryptocurrency markets. Hold strong brah
IF YOU DONT SQUAT, YOU AINT SQUAT
post 1542306281 01-30-2018, 01:11 PM
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#7855
  1. Autumnal
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Originally Posted By Oakbearer⏩
went to sleep with HPB @ $9 woke up to it at $7.

wtf has happened to the market?
It did the same thing it's done 10x this month
post 1542306531 01-30-2018, 01:14 PM
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#7856
  1. Legendsneverdie
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Originally Posted By mgftp⏩
What do you mean? I just set buy orders in a laddered fashion, no alert needed, if they hit they hit, if they don't they don't.



Tether and weak hands
ahh got yah. when i was using robinhood for stocks you can set price alerts so that your phone sends you an alarm when a certain stock hits a certain point so you can then check it out and decide to buy, sell, or hold.
IF YOU DONT SQUAT, YOU AINT SQUAT
post 1542306841 01-30-2018, 01:17 PM
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#7857
  1. mgftp
  1. mgftp
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Originally Posted By Legendsneverdie⏩
ahh got yah. when i was using robinhood for stocks you can set price alerts so that your phone sends you an alarm when a certain stock hits a certain point so you can then check it out and decide to buy, sell, or hold.
yea, there are plenty of crypto apps where you can set alerts if that's your thing, I like Cryptonaut, Delta is probably the most popular.

I'll just set buy orders and leave them though, obviously adjust them here and there depending on the market but often just let them ride since I am a firm believer that nobody is going to time the market perfectly.
post 1542307211 01-30-2018, 01:21 PM
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#7858
  1. 2020Wellness
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To think about what would happen if Tether collapses, think about what would happen if you were holding it and it collapsed.

1. You'd be pissed.
2. You'd have to inject more money into the market to get back in the game or stay out forever out of anger.
3. Nobody that was holding anything else outside of Tether would be affected.

Am I missing something here?
trainingwithryan.substack.com
post 1542307481 01-30-2018, 01:22 PM
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#7859
  1. mgftp
  1. mgftp
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Originally Posted By 2020Wellness⏩
To think about what would happen if Tether collapses, think about what would happen if you were holding it and it collapsed.

1. You'd be pissed.
2. You'd have to inject more money into the market to get back in the game or stay out forever out of anger.
3. Nobody that was holding anything else outside of Tether would be affected.

Am I missing something here?
Yes, the FUD and distrust in something that has been a major part of crypto would see a lot of people pull their money out of the market. Just like when Mt Gox collapsed, well similar, most likely Tether wouldn't have nearly as bad of an effect.
post 1542307681 01-30-2018, 01:25 PM
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#7860
  1. Autumnal
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Originally Posted By 2020Wellness⏩
To think about what would happen if Tether collapses, think about what would happen if you were holding it and it collapsed.

1. You'd be pissed.
2. You'd have to inject more money into the market to get back in the game or stay out forever out of anger.
3. Nobody that was holding anything else outside of Tether would be affected.

Am I missing something here?
The thing with Tether is that it was money that was created supposedly with backing, and then that tether was used to buy bitcoin whenever it dipped hard, possibly to hold the price of BTC up. So the makers of Tether could theoretically have $2 billion of BTC that was bought with nothing. It makes the price of BTC look higher than it actually is and there are 200,000 BTC that could be sold off by them at any point.

I think it's overexaggerated but whatever. We'll see.
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