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Showing 8 of 8 results by pkersey
I'm in the US but I also can use a VPN. Kucoin is now full KYC so I'm looking for a reliable alternative. Any suggestions? I have alot of USDT sitting on the tron network so I need tron support.
Wall street opened up a new bitcoin short ETF, and traders are shorting the crap out of bitcoin. To me this is a sign of stability b/c the price can rocket when those short selllers have to cover. BTC isn't going anywhere, but crypto did get way ahead of itself pricewise. It's happened numerous times before.
If you go WAY WAY back , I believe bitcoin went from $23 and crashed all the way back to $1. Re: PETER SCHIFF IS RIGHT... All Ponzi Schemes eventually FAIL even BlockChain Ponzi
Peter Schiff is Right, BitCoin is well on its way to complete collapse 
Now that BitCoin is below 20,000 Margin Calls will force MASS SELLING soon enough...
It does not matter if a Ponzi Scheme is based on Tulips, Based on Chain Letters, or Based on Blockchain. No matter what method you use to run a PONZI SCHEME... Nothing changes the fact that BitCoin has zero intrinsic value, is a PONZI and will collapse like every PONZI in history.
SCARCITY means nothing: There are only a finite number of shares of Celsius, that does not give them value... I have only 1000 tokens of HARD FACTS NFT's available, there will never be more than 1000 in existence... That does not make them worth a million dollars.
For those of you that are so CULT LIKE in your beliefs, and refuse to accept facts and the reality of what is now happening: Talk is cheap, make sure you take out a second mortgage on your homes, run up your credit cards, and " BUY THE DIP "
Now that BitCoin is below 20,000 Margin Calls will force MASS SELLING soon enough...
It does not matter if a Ponzi Scheme is based on Tulips, Based on Chain Letters, or Based on Blockchain. No matter what method you use to run a PONZI SCHEME... Nothing changes the fact that BitCoin has zero intrinsic value, is a PONZI and will collapse like every PONZI in history.
SCARCITY means nothing: There are only a finite number of shares of Celsius, that does not give them value... I have only 1000 tokens of HARD FACTS NFT's available, there will never be more than 1000 in existence... That does not make them worth a million dollars.
For those of you that are so CULT LIKE in your beliefs, and refuse to accept facts and the reality of what is now happening: Talk is cheap, make sure you take out a second mortgage on your homes, run up your credit cards, and " BUY THE DIP "
This is the dot com crash except for crypto. It doesn't mean there was no more internet, it just meant the speculation was rampant and there were too many fly by night scams in the space. BTC will still exist 10 years from now and probably worth more than it is today. As far as how low it can drop, 10x from the high is about $6700. It's done this before on several occasions.
Gold hasn't done too well either. Crypto was b/c it was driven up by covid money printing / speculation. Now the governments are soaking up all those excess dollars try to to rein in the hyperinflation they caused. Bitcoin was $3000 when covid hit. Why wouldn't it go back to $3000? I'll be nice, $6000. That sounds more reasonable. $22,000 is still way too high. And as for ethereum: the protocol make no sense until the transaction fees are fixed.
There is a worldwide deleveraging event occurring. We are in the covid hangover and have been for the last few months. There are tons of liquidations combined with shorting. Eventually the shorts have to cover their bets which should cause a rebound and then we are in a brand new market.
In the short term as always is the case, totally random. Long term, I think it gives bitcoin more value as a reserve currency since it can't be cancelled. The US I think is hurting the USD long term by trying to "cancel" russia b/c it means a large country is no longer on the demand side of buying USD's and will likely never trust the USD again.