Post
Topic
Board Altcoin Discussion
Re: Attention: The next BTC crisis is comming?
by
BitcoinHodler
on 29/07/2017, 12:13:30 UTC
I will resume:
hmm... i feel like the account name is changed but the content is the same. hmmm. curiouser and curiouser...

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It's possible that the next crisis is comming.
there is always drama in bitcoin but to this date there has been no crisis. only what people call crisis and panic over for no good reason.

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Always, when there is some uncertainity, the whales attack
so far whales have been accumulating Wink

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(and, sometimes, hackers too).
hackers have also been hard at work for the past 8.5+ years. they never ceased fire Wink Wink

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Also, anything could happen in addition to that.
yes, aliens could also attack. dying to see ET up close and personal.

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- Some of the biggests exchanges use only Tethers as Dollar value (Poloniex, Bittrex, etc.).
i don't trade on polo but the TETHER market on bittrex is as good as dead.

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- A lot of people will exchange BTCs for USDT as a safe option near the 08/01.
no they won't. people always go back to fiat not another shaky altcoin. some do it for some other reasons but NEVER for holding.
and besides people who want to trade bitcoin are elsewhere dong it with fiat.
people who are on exchanges like polo and bittrex are there for the altcoins and if they want they will go in an altcoin.

and on top of it all bitcoin price is rising fast these days. with the speculations out most people are expecting a rise.

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- As I'm writing this, BTC is beginning to show a possible downtrend (just chart analysis. I hope I'm wrong).
i believe you are wrong. and without including your chart analysis i am going to say you are most probably wrong Wink

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So, if bitcoin drops, a lot of people will want to sell their bitcoins for USDT, but the USDT supply could be not enough.
The result is a BTC falling rapidly to adjust the USDT demand, and a lot of people panicking.
NO, this will never happen. as i said above people are not even selling their bitcoin for USDT to begin with and i assure you that a long long time before USDT runs out its price will crash.

this means if your scenario happens and people really do start selling for USDT they will crash the price down and when 1 USDT is worth $0.9 no idiot would continue to sell for USDT and the selling will simply stop.

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Just in case, a sold the half part of my Bitcoins.
just make sure not to panic buy when you missed out on the rise Wink

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What would you do? Share any opinion, below.
look at my username Grin