Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. —

    Well-Known Member
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    Seein lots of .001-.05 btc sales being met buy 15 btc buys in this dip. I think the Saylor thing is happening. Ppl cashing out their lambos while Uber rich secure the market
     
  2. —

    Well-Known Member
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    Bought more BTC at 48k and 45.5k.

    entered eth for the first time since 2017 during yesterday’s sale
     
  3. southside

    southside Well-Known Member
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    Tether truthers in disbelief today.

    fud is finally over
     
  4. user15000

    user15000 Well-Known Member



    Lol
     
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  5. user15000

    user15000 Well-Known Member

    JP Morgan calls it a systemic risk and then the settlement happens...lol

     
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  6. PSU12

    PSU12 The Grand Experiment
    Penn State Nittany LionsBaltimore OriolesPittsburgh Steelers

    Someone explain like I’m 5 please
     
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  7. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I know that I put in $6,000 yesterday and it's worth about $5,000 now. Really wish I would have waited a day, but o well.
     
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  8. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Unignoring husk guy for the day
     
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  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    While what they are saying is true. What Tether did is bad as well. IDK why I have 10k tied into people with laser eye profile pics.
     
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  10. dblplay1212

    dblplay1212 Well-Known Member
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  11. dblplay1212

    dblplay1212 Well-Known Member
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    user15000 is there a middle of the road summary of the settlement? Tether seems to be doing a victory lap and the fine is low but the comments from Letitia James don't seem like they were cleared as being fully clean.
     
  12. dblplay1212

    dblplay1212 Well-Known Member
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  13. dblplay1212

    dblplay1212 Well-Known Member
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    However, the settlement said, “As of November 2, 2018, tethers were again no longer backed 1-to-1 by U.S. dollars in a Tether bank account, because a substantial portion of the backing in the Deltec account had been transferred to Bitfinex to make up for the funds taken by Crypto Capital, while the corresponding funds transferred from Bitfinex’s Crypto Capital account to Tether’s Crypto Capital account were impaired by Crypto Capital’s actions.”
     
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  14. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
    Kansas JayhawksAlabama Crimson Tide

    Think you want to look for BTC 42K ETH 1250 and LTC 120.
     
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  15. HuskerInMiami

    HuskerInMiami Well-Known Member
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    You think it drops a bunch more?

    I texted my brother to buy ETH at ~$1,425 and he bought two at $1,450. He's already up $300
     
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  16. Houndster

    Houndster $25 Standard Unit
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    I’m worried something bad happened, he hasn’t logged in for over 2 weeks
     
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  17. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
    Kansas JayhawksAlabama Crimson Tide

    stocks are going to work lower and crypto will too but not as much
     
  18. user15000

    user15000 Well-Known Member

    What tether did has absolutely nothing to do with btc, its software, its value proposition, etc.

    I’d be totally fine with tether disappearing tomorrow and being replaced by something more transparent. Sounds like they’ll now do quarterly reports on their reserves. This is what all of the people concerned about Tether should have wanted as a result.
     
  19. user15000

    user15000 Well-Known Member

    I’m on calls like all day and haven’t had a chance to do more than scan Twitter. My read is that the AG is kind of puffing her chest after the fact if the entire thing settled for a slap on the wrist.
     
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  20. dblplay1212

    dblplay1212 Well-Known Member
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    She's just the NY AG so there's not much she can do past ending their trading in NY. While it won't affect them at all, and is big picture just a slap on the wrist, that's about the limits of what she can do.
     
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  21. —

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    She could have fined them more if their fault was greater.
     
  22. blotter

    blotter Aristocratic Bum
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    might be not thinking this through, but how about a fan of icon in here?

    from what I've read, many here are adding on an ongoing basis.. a tag when it dips might happen to coincide closely enough with a planned weekly deposit that it ends in a + situation over the long haul for all the regular depositors. idk just throwing it out there
     
  23. dblplay1212

    dblplay1212 Well-Known Member
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    Maybe but I'm not an expert on what the NY AG typically fines. It just seems like Tether is saying no wrong doing while the AG is saying different. I don't think it matters to BTC at this point fwiw.
     
  24. —

    Well-Known Member
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    they can do more than 18.5 million.


    The no wrongdoing thing from tether is likely some lawyer speak technicality though.

    like in college I got a disorderly house ticket. I plead no contest. The judge didn’t charge me as guilty but I still had to pay a fine.
     
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  25. dblplay1212

    dblplay1212 Well-Known Member
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    Like I said, not trying to make a "Oh this will end BTC" argument or anything close to that. BTC is beyond being affected by Tether at this point imo. Just the Tether comments and crypto twitter and even some itt made it out like Tether was squeaky clean and none of the accusations were true but the NY AG clearly disagreed. The NY AG literally said some fuckery was going on.
     
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  26. —

    Well-Known Member
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    Yeah I’m more arguing w the ghost of Husk Guy who acted like crypto was going to disappear because of this.
     
  27. blotter

    blotter Aristocratic Bum
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    just brainstorming team logos that aren't simply bitcoin's logo

    my submission:

     
  28. Penguin The Duck

    Penguin The Duck Well-Known Member
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    This one was so obvious
     
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  29. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    I believe it’s their second purchase
     
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  30. Penguin The Duck

    Penguin The Duck Well-Known Member
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    They bought $50 million in October

    And I forgot about my bisq deposit of $150 from October. I transferred it to my
    Ledger wallet as a measly $625 over the weekend. Sucks to be them.
     
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  31. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Liverpool

    I need a cold shower
     
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  32. Whammy

    Whammy Look kids, Parliament!
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    What does Bitcoin revenue mean?

    I assume he means change in value of the asset
     
  33. Houndster

    Houndster $25 Standard Unit
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    How much Bitcoin they sold.

    Bitcoin costs were $1.715 billion for a profit margin of 2.3%
     
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  34. PaulKemp

    PaulKemp Well-Known Member
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  35. user15000

    user15000 Well-Known Member

    I thought this was really good and a different perspective than usual.

     
  36. letan

    letan Just looking for the gator board
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    this impacted everything today and not just crypto since the issue was with the fed
     
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  37. Penguin The Duck

    Penguin The Duck Well-Known Member
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    Man I really wish there was something out there that could replace ACH...
     
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  38. user15000

    user15000 Well-Known Member

    Oh I know. My entire Twitter feed was btc guys making fun of the fed’s system crashing. I think that’s the more important point.
     
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  39. letan

    letan Just looking for the gator board
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    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    ah yes I didn’t really even think about it from that angle
     
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