Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Westingcote (3)
Does not look like a scam to me. They have backing, and they have been attacked for years, including likely USA complicitness when they had $800 million or something like that taken from them when it was "in dollars" and supposed to be held by a supposedly legitimate institution. that fucked them over and then the USA government was opportunistic to blame tether for some bullshit stuff that they likely enabled.. rather than attempting to get the $800 million back to Tether (the proper owners of dat supposedly legitimate backing kind of value).. Tether has done pretty damned good over the past 6 years or so.. given how much they had been working outside of the acceptable systems that would have shut them the fuck down, if they could have done so without causing their own backlash - further going underground or going out of jurisdiction - issues.
In other words, you are repeating variations of dumb-ass talking points that we have been hearing since about 2014 whining about tether being a scam that is way less true than you are making it out to be and ultimately they are likely way more of an ally to the goals of many persons who support bitcoin rather than their lame-ass stable coin imitators that try to appear more legitimate.. blah blah blah.
I should be rolling my eyes at the seeming intensity of your nonsense assertions, fr4nkthetank... not the first time either that you have come out with various baloney.. are you even a coiner?
In other words, you are repeating variations of dumb-ass talking points that we have been hearing since about 2014 whining about tether being a scam that is way less true than you are making it out to be and ultimately they are likely way more of an ally to the goals of many persons who support bitcoin rather than their lame-ass stable coin imitators that try to appear more legitimate.. blah blah blah.
I should be rolling my eyes at the seeming intensity of your nonsense assertions, fr4nkthetank... not the first time either that you have come out with various baloney.. are you even a coiner?
Hah, I remember screeds like this shortly before MTGOX went pop. Hopfully this is similarly portentous. It's overdue.
Also ironic that someone so apparently against shitcoins would white knight for the shittiest of shitcoins (possibly excepting XRP), USDT.
We see the matter differently... richie.. and not that we can exactly consider that you have any kind of persuasively credible perspective when it comes to something like the role of tether or its potential solvency. since you had been so easily lured into thinking that there was actual legitimacy in those fairly obvious bcash scam variants.
For sure, he must be stealing your "original" ideas. He's probably reading the WO to get your intricate details...
Hi Willy...... or do you prefer Mr. Woo?
It sounds almost like saying Mr. Wwwwwwwwweeeeeeeeeee......
I am just saying "great minds think alike". I think he might be right... and have been saying it for over a year. Never claimed to be the originator of the idea, but i did come to the conclusion fairly independently. Never been a Dan Held acolyte, but I think he was early on with all the "supercycle" stuff.
I think Willy's take is a little more nuanced. It does not completely throw out the 4 year cycle thing, but more sort of dampens it. I personally think the halvings will still have some impact, but I believe the early roller coaster days are a thing of the past to *some* extent. But there is even nuance there. I could say insterad of 80-90% pullbacks we could see 50-60, and then less etc. And instead of one big parabola and one big crash we could see gentler more frequent waves. As well as the possibility of a really crazy upward push thrown in... I think the quadrennial bitcoin cycle will become less and less of a "thing' as adoption increases. This makes a lot of sense because of both the lessened actual value of the next halvings (50->25 is a way bigger drop in nominal terms than 6.25->3.125) as well as the larger field of players will also create more liquidity and lead to less SHOCKS.
My thesis in bullet points:
- Halving impact is reducing
- Magnitude of waves will reduce*
- Frequency of waves will increase
- *Possible one more really big UP wave (and possibly the mother of all of them)
I stand by my earlier digg.. and sure, your further explanation puts your position into some better context.. so thanks for that.