Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
DaRude
on 06/09/2022, 21:53:22 UTC
⭐ Merited by JayJuanGee (1)
It's pretty obvious that whales are trading btc for eth in order to begin a large pump and dump run ahead of the Ethereum upgrade/merge news.  Roll Eyes

Noobs will never learn I guess.

According to CMC market caps:
  • USDT: $68B
  • USDC: $52B
  • BUSD: $19B
  • Total: $139B

At first i was waiting for the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) to kill all of these "decentralized" USD stablecoins with just a single order, with that sucking all of the value out of ETH. But what would that achieve, sure close #2 crypto and watch the funds flow into BTC which they can't touch, that would be counter productive. Instead it would make more sense to count your losses with ETH, embrace it fully and while demonizing commie earth destroying BTC.