LISTEN UP FAGGOTS - LETS TALK

[Anonymous No.13550807]

btc is approaching massive resistance with an incredibly negative catalyst looming. i never thought that i would turn into one of these bitfinexed conspiracy faggots but lets be honest, this is not looking good. dont listen to these bagholders on reddit and crypto twitter that are telling you that its nothing. you can read the court documents for yourself.

we might pump a bit more to completely test the resistance in the low 6k's or even hover around that level for a while, but make no mistake - even without the bitfinex shit going on behind the scenes, the chart is bearish. we are in for a correction, the only question is how bad. the market is largely ignoring the bitfinex situation right now because btc is going up, so who cares? "B-B-BUT ITS ALL FUD BECAUSE BANKS USE A FRACTIONAL RESERVE SYSTEM TOO" they say. "THE DOJ AND OAG INVESTIGATING AND MAKING ARRESTS IS NOTHING" they say. "IF TETHER COLLAPSES BTC WILL PUMP FROM PEOPLE FLEEING USDT" they say (my personal favorite). but guess what happens when the price starts to correct? price and news run together. bad situations turn worse. shit can go downhill REAL fast.

and yeah yeah i got btfo on my premature short at 4.2k and im a dumbass blah blah blah etc. but lets be real, it looks like things are about to get VERY bad and you fucking know it too.

[Anonymous No.13550811]

its pretty obvious that ETF's are never going to happen with bitfinex and tether shitting up the entire crypto market. a large reason that these ETF's are getting denied is because of the blatant amount of market manipulation. finex and tether simply have too much power, and wall street needs to get rid of them so that THEY can be in control of the market, not some unknown scammers hiding behind shady bank accounts and shell companies. bitfinex isnt being targeted for no reason - (((they))) are taking them out of the game.

so while this might hurt short term, in the long run it will be good for everyone when this dark cloud is finally lifted and we can bull in peace.

[Anonymous No.13550817]

Always do the opposite of tripfags

[Anonymous No.13550823]

Holy shit I though you died

[Anonymous No.13550824]

A huge number of investors will be burned if tether suddenly goes under. Confidence in crypto will dry up like the pussy of any woman I interact with. The whole market will drop from a combination of depression, fear, and volume drop.

[Anonymous No.13550827]

>>13550817
lurk more retard

[Anonymous No.13550869]

>>13550807
>IF TETHER COLLAPSES BTC WILL PUMP FROM PEOPLE FLEEING USDT

Kek I never understood this. How does one reach such levels of delusion I wonder.

[Anonymous No.13550878]

interesting

[Anonymous No.13550883]

>>13550807
>t. @Bitfinexed
You're a faggot and so is UT.

[Anonymous No.13550887]

My Fiat is ready.

[Anonymous No.13550913]

TETHER TETHER TETHER JUST LET THIS SHIT COLLAPSE ALREADY SO WE CAN MOVE ON!

[Anonymous No.13550915]

>>13550807
>>13550811
Caps lock anon, you will forever be a btfo permabear retarded faggot.

[Anonymous No.13550973]

>>13550807
gay

[Anonymous No.13550989]

>>13550807
>yeah yeah my last plan failed so listen to this next one guys

[Anonymous No.13551000]

Tether is a meaningless, replaceable tool. BTC is going to 1M one day and other stable coins do and will exist. Fuck tether let it collapse, or survive or whatever. Doesn't matter

[Anonymous No.13551019]

>>13551000
Idiot

[Anonymous No.13551028]

>>13550869
Someone explain why that’s wrong please

[Anonymous No.13551059]

>>13551019
Oh you mean that the pump was fake due to 40% of $850M in tether was no actually backed by USD?

You don't think other stable coins can absorb the market's needs? I cant wait to see the cope when market continues to boom regardless of tether bs

[Anonymous No.13551088]

>>13550807
>>13550811
peak delusion

[Anonymous No.13551097]

the exact opposite is going to happen, there will be no huge dump. listen up faggots, the trade war is NOT going to be resolved, i repeat NOT resolved and all things that follow from this (you are allowed to think for yourself what that is going to be) causes bitcoin to bull. this whole tether story is nothing and makes you blind for the bigger picture.

[Anonymous No.13551099]

>>13550807
Dai can take it.
And guess what happens then. Tether FUD dealt with for good and replaced by Dai? Tether FUD was always priced in.
Unironically if Dai takes it, we get a bullrun.

[Anonymous No.13551110]

>>13550915
>posts chart showing btc going to 150k+
>retarded permabear faggot

>>13551028
sure it would pump a small amount very briefly, but a tether panic would see USDT lose its purchasing power to btc incredibly fast as everyone flees at once, and when the smoke clears it would all be downhill from there

[Anonymous No.13551128]

>>13550807
>BTC crashing to 2.5k
didnt even read your shitpost with that kind of analysis.

[Anonymous No.13551141]

>>13551110
>sure it would pump a small amount very briefly, but a tether panic would see USDT lose its purchasing power to btc incredibly fast as everyone flees at once, and when the smoke clears it would all be downhill from there

it will pump hard for a very short amount of time and thats it idiot

[Anonymous No.13551165]

>>13551110
You have perpetually tried to find an excuse to short the bottom like an idiot. Then you try to convince others to follow your garbage advice.

[Anonymous No.13551180]

let me elaborate further:
you don't seem to understand the movement necessary to make it drop to 2k and bypass every trading bot of every exchange across the globe
second of all, this tether bullshit is pure clickbait drama, it's vapor. remember ETC 51% attack how it affected the price?
nobody cares about this NY lawsuit, at most people will just switch to any other of the stablecoins there are.
and third : sounds like you are a no coiner right now and hasn't stacked up yet, after a year bear market of low prices and you STILL haven't accumulated? sounds like you're a moron and will have to FOMO in tobehonest

[Anonymous No.13551187]

>>13551110
if you're using USDT it is because you do not want to use USD
USDT falling against BTC is bad for USDT, not BTC
BTC will be totally fine and whoever ends up with the Tether bags can be as salty as they like

[Anonymous No.13551215]

>>13551110
you have no idea what youre talking about, youre a straight up clown if you think people will listen to you after youre first plan failed

[Anonymous No.13551231]

>>13550811

nice, but you're forgetting scenario 4 where Bitcoin continues on it's trajectory of much longer market cycles over the long run

muh 4 year cycle will double every time the market cap increases by an order of magnitude

[Anonymous No.13551330]

>>13550807
BASED

[Anonymous No.13551332]

>>13550807
>>13550811

Based Bobo.

These idiots are about to be GOXed. I've been through it before in 2014.

[Anonymous No.13551366]

>>13551000
>Fuck tether let it collapse, or survive or whatever.

Moron.

Tether is the pillar of all of the 2017 gains. You remove that, guess what happens to your internet magic money?

[Anonymous No.13551388]

Based caps lock anon is not capslocking

Are you losing hope on sub 3k btc?

[Anonymous No.13551390]

>>13550811
>>13550807
cringe. kys bobo

[Anonymous No.13551401]

>>13551366
a slow and steady increase

[Anonymous No.13551413]

>>13550807
Locked in my shorts. Lets ride this dip down to 2k!

[Anonymous No.13551433]

>>13550807
I am all in fiat so let it collapse

[Anonymous No.13551437]

>>13551097
BTC and stocks will fall in the immediate if the trade war continues. Look, I’m not a trump fan, but his economic advisors wouldn’t let this clown show of a puffing contest between the two nations last too much longer without someone shaking hands and making a trade deal.

Things have to get better or else everyone better have fiat because it will be recession territory and bear markets for crypto and stocks.

Crypto will rise in the aftermath, not the initial fall. I don’t know why people don’t get that. And the fall into a recession, that lasts for months

[Anonymous No.13551443]

>>13550811

Glad youre back and have sane advice to this community. Tether being btfo is good as hell for this space in the long run. Short term tho, i am also very surprised at this recent rally. Expecting the worst.

[Anonymous No.13551454]

>>13550807
CAPS LOCK not so much anymore ANON strikes again.
Just bought 100k thx

[Anonymous No.13551458]

>>13550807
My fiat is ready

[Anonymous No.13551473]

>>13551180

What if this is the sheperd boy and the wolf fable?

Every bad news was clearly fud and did not affect the price.

Now everybody will not believe when the real bad news that will tank the price (the wolf) has truly come. I.E: tether colapse

[Anonymous No.13551480]

>>13550807
>>13550807

Hey look, everyone's favorite arrogant brainlet has come out of hibernation. How's that second short that you entered after the April 1st spike going for you, now that we're 800 or so above that price level?

[Anonymous No.13551482]

>>13551454
Kek

[Anonymous No.13551502]

>>13551028
>There is currently $800 million of tether's reserves missing (seized)
that means, if everyone exits tether, into btc then bitcoin will get a pump. But as soon as all the tethers have been used to buy bitcoin and redeemed, there will be another 800 million worthless tethers in the market. That means, $800 million in buy USDT orders basically vanishes.

The supply of bitcoin stays the same.
The supply of buy orders decreases by $800 million.

If tether collapses, it's basically the equivalent of some whale doing an $800 million worth of bitcoin market sell. Or someone selling 130,000 bitcoins in one order.

The fact that 90% of the retards in this thread can't even make these three simple steps in logic should show you why it's so easy to make money trading this market.

Shorting here is retarded tho. And this situation only pans out if tether fails. Just wait. If btc dumps like $1500 from here, then it's time to short because the tether fud will become a self-feeding cycle.

[Anonymous No.13551517]

>>13551458

[Anonymous No.13551533]

>>13551502
>the tether fud will become a self-feeding cycle

[Anonymous No.13551553]

bears on suicide watch. the only thing they have besides soon to be liquidated shorts is FUD.

This is bullish for btc

[Anonymous No.13551555]

>>13551502
>The supply of buy orders decreases by $800 million.
The supply of jelly handed daily traders tether bagholders decreases by $800 million. Millions of bobos BTFO.

[Anonymous No.13551590]

>tether crashes, everyone is buying btc to get out of thether and tether goes up
>tether doesn't crash, new tethers are printed and used to push btc up

literally can't lose

[Anonymous No.13551591]

>>13551533
>crash
>what follows is lower volume
>lower volume = less fees for finex
>less fees for finex = takes longer to pay back tether loan
>people see finex getting less and less volume
>means it's more and more likely to collapse (and default of tether loan)
>more people withdraw - makes fractional reserve ratios worse and worse
>people see this. less people use finex
>repeat and repeat

>more fud, lower price, sentiment worsens

IF (if) the price crashes here and starts to go in a downtrend then finex will most likely be fucked in the next 6-8 months. The only way they stay solvent is if we keep on going bull and have already started the GBR.

[Anonymous No.13551618]

>>13551366
why do you think this is a bad thing? let that shit burn down so something better can rise from ashes. idiot faggot.

[Anonymous No.13551628]

>>13550807
Dude you fucking niggers have been saying this for literal months, I should have ignored you and bought in before the pump to 4k. Now it's going to hit 6k and beyond by friday and I've completely missed the boat.
I hope you're right, I really do, but it's evident you are merely trying to deceive me and waste my time.

[Anonymous No.13551746]

The beginning of the end

[Anonymous No.13551817]

>>13550807
This is important info for the BTC traders only, right? Being a long term hodler idgaf. The overall trend is still upwards, even if there'll be some huge dumps.

[Anonymous No.13551831]

>>13551817
No

[Anonymous No.13551847]

>>13551817
this is not important at all

[Anonymous No.13551912]

lame

[Anonymous No.13551932]

>>13551231
>Incredibly unlikely
Oh how the egotistical shall fall

[Anonymous No.13551994]

>>13551110
> but a tether panic would see USDT lose its purchasing power to btc incredibly fast as everyone flees at once, and when the smoke clears it would all be downhill from there
why? explain to me because it's not obvious. So what if USDT dies? The money in it moves somewhere else, or is lost, how will that cause other assets to crash?
If anything they would pump because of USDT flowing into them.

[Anonymous No.13552024]

>>13551994
>>13551502

[Anonymous No.13552084]

Can someone PLEASE explain what any of this has to do with mainnet launching?

[Anonymous No.13552100]

>>13551994
How about the fundamental aspect of the largest crypto to fiat exchange getting shut down by law enforcement? How about the entirety of crypto trading volume disappearing in the blink of an eye? How about the retail traders that would lose billions of dollars as their USDT becomes worthless overnight?

[Anonymous No.13552116]

>>13552024
>>13551502
$800 million USDT seized doesn't mean that's $800 million buy orders vanished. It means someone that was holding $800 million USDT now has $0 the moment it was seized, they couldn't do shit with it. They were seized in.. October I think? So that's around when we would have felt it, and oh hey that's when btc fell from 6k. Looks like it's already priced in.

>>13551231
I don't think this will happen because the 2020 halving will play a role, but this is what I'm prepared for, hope everyone here can afford to wait it out that long.

[Anonymous No.13552135]

>>13552100
>How about the fundamental aspect of the largest crypto to fiat exchange getting shut down by law enforcement? How about the entirety of crypto trading volume disappearing in the blink of an eye?
Doesn't sound like this is happening, too early to say, but yea it's a possibility that could cause a downturn.
>How about the retail traders that would lose billions of dollars as their USDT becomes worthless overnight?
Then they lost that money, unless they sell their crypto to cover those losses, then their crypto isn't going to fall with them.

[Anonymous No.13552451]

>>13552135
>Then they lost that money, unless they sell their crypto to cover those losses, then their crypto isn't going to fall with them.

Wut

[Anonymous No.13552482]

>>13551473
this would be too funny. it kind of makes sense too

[Anonymous No.13552565]

>>13552482
>would be
Bro it's practically confirmed. We're just waiting now

[Anonymous No.13552613]

>>13552565
I fucking hope so. All the signs (technical and fundamental) are pointing to a massive sell off for days now but those faggots at bitfinex keep this scam pump going

[Anonymous No.13552642]

>>13550807
>Pink charts
Once again, than you for posting such distinct charts so we can keep track of your many, many bad calls. How many times have you been liquidated now? 3?

[Anonymous No.13552646]

>>13550807
10/10 fud

[Anonymous No.13552680]

Someone might be fucking with us. We got the tether fud, and the fidelity bullish news. Those are hyped to shit right now in order to confuse the hell out of people. Now, while people are scratching their heads, what will the market maker's next move be?

[Anonymous No.13552749]

You guys are retarded as fuck.
Bitfinex keeps the price of BTC artificially up by manipulating tether. Add the washtrading from cartels and this is why the crypto market exists. The volume is fake, retail investors dont do shit to the market.
So, if tether dies we'll see a massive crash. Plus a lot of exchanges are going to die as well when the volume drops. This is going to 1k at least

[Anonymous No.13552767]

>>13552749
You know that the stock markets do the exact same thing but on a much more grand scale with even less transparency right? All of this fud are actually bullish case for using bitcoin over usd.

[Anonymous No.13552782]

>>13552767
The stock market is backed by the us

[Anonymous No.13552805]

>>13552749
>You guys are retarded as fuck
hi newfag

[Anonymous No.13552819]

>>13552782
OK and? How isn't a money that is independent from geopolitical instability a great currency to use?

[Anonymous No.13552867]

>>13552116
>$800 million USDT seized doesn't mean that's $800 million buy orders vanished
if tether collapses then yes it does.

>The money in it moves somewhere else,
right now tether represents $2.7 billion. But tether only has $1.9 billion in reserves. So if everyone cashes in their tethers, it will leave $800 million useless tethers that nobody wants and cannot be redeemed for anything. So all those USDT buy orders that are still on exchanges (800 million worth) will now be worth $0 because they are not backed by anything. This only happens if everyone tries to cash out their tethers tho or if finex collapses.

[Anonymous No.13552872]

>>13550811
all these scenario are ultimately bullish
what if this was just the biggest bull trap of all time

[Anonymous No.13552885]

>>13551628
pretty much this. Never listen to biz. It's fun to browse, I do so daily, but damn dude don't take advice on here. When bitcoin was around 3,000 I went all in and sold nearly everything I could to buy up some bitcoin and litecoin because I couldn't believe how good it was.

[Anonymous No.13552913]

>>13550807
i liek the new color scheme very nice anon

[Anonymous No.13552947]

I honestly couldn't care about tether, I've never owned a single one, there are better centralised pegged tokens (still shit) and then there's DAI.

With mainnet we won't need fiat tokens anyway so who gives a shit

[Anonymous No.13552953]

>>13552749
Yep.

https://www.technologyreview.com/f/613201/nearly-all-bitcoin-trades-are-fake-apparently/

These idiots will not believe anything, even proof, and no matter how bad news gets, no matter how much it's proven that the entire market is steeped in a swamp of fraud, no matter how useless and totally speculative a piece of shit all crypto STILL is after 10 years.... durr, we bull, stfu bobo, check out my logarithmic chart , savior of all human economics, $1M BTC coming, greatest transfer of wealth in historyyyy.

[Anonymous No.13552961]

don't listen to bobo fud

we're all gonna make it bros

[Anonymous No.13553065]

>>13552451
btc/crypto won't fall just because retail traders lost money, unless those traders sell their btc/crypto or stop buying it.
>>13552867
>So all those USDT buy orders that are still on exchanges (800 million worth) will now be worth $0
Buy orders mean nothing until they're executed. Sitting there doesn't add demand to the price of bitcoin.

>>13552953
>Bitwise, a crypto-asset management firm, analyzed 81 exchanges, finding that 71 of them exhibited patterns that reflected artificial trading volume
So that leaves at least 10 legitimate exchanges, plus all the other ones they didn't analyze. We all know there's plenty of shit tier exchanges, so who cares? It's only trading volume within that exchange, not like it affects anything.

[Anonymous No.13553147]

>>13551473
zzzzzz
wake me up when something happens

[Anonymous No.13553265]

>>13553147

[Anonymous No.13553316]

>>13550807
Every week you say it's gonna crash and every week it doesn't happen. In fact, it goes up.

You haven't been right about anything a single time. Why should anyone listen to this?

[Anonymous No.13553473]

>>13550807
>>13550811
cringe and not zoomed out pilled
not gonna make it

[Anonymous No.13553512]

>>13553473
The fuck is this

[Anonymous No.13553556]

>>13550807
It's simple faggots, we're either gonna get the Bitfinex squeeze or we're not. It's looking like we're not. Definitely thought we would have had it by now. If by some chance we do get it we will blow up towards 7k.

[Anonymous No.13553688]

>>13553512
studying the past to predict the future.
my target might be too generous
should top out at 7.5 at least
when we hold above 6k for a whole month (next month), lots of fomo buying will occur and that rsi will pump up
bulls gonna get dumped on for the next 5~ months
we unironically entered dead cat bear break #2

[Anonymous No.13553761]

>>13550807
You're a dumb nigger that told everyone to short and you got rekt.

[Anonymous No.13553788]

>>13550807
>>13550811
you clearly know a little about TA. Its funny how these fucking threads come up every time the market is at the top and about to have a downtrend

[Anonymous No.13553841]

>>13551502
>The supply of bitcoin stays the same.
>The supply of buy orders decreases by $800 million.
this makes makes sense at face value. can anyone come up with a rebuttle? im a brainlet in all things tether

[Anonymous No.13554050]

Tell me , when is it safer to buy . When it hit 1 or 2 ? You don't need high IQ to understand that if you are willing to buy at scenario 1 , you are gambling.

[Anonymous No.13554285]

We are on the way to 2k

[Anonymous No.13554781]

>>13550807
Where the fuck you been

[Anonymous No.13555308]

IM THE REAL CAPS LOCK THIS GUY IS A FAKE

[Anonymous No.13555387]

>>13550807
I saved this on a day I decided to take your advice.

I will NEVER take your advice again. kys.

[Anonymous No.13555401]

>>13555387
LMAOOOOOOOOOOO! Oh man I remember this and thought it seemed reasonable but dam that’s funny

[Anonymous No.13555415]

Also, fake hack on binance to cover up the bitfinex tether fuckery.

Everyone has less 1:1 tether backing than they claim

[Anonymous No.13555474]

Soo just keep accumulating? I really dont want to buy at current prices

[Anonymous No.13555917]

Perfect. Let it fall to the ground. Then i will come and fest upon the carcass of the crypto market. Like a vulture. In the shadow, eating rice with eggs.
I wait. Patiently.

[Anonymous No.13555937]

>>13553065
>Sitting there doesn't add demand to the price of bitcoin.
yes it does are you retarded. Imagine if all the buy orders for btc got pulled and someone wanted to sell btc. It would tank the price.