A grumpy old fart hooked on crypto technology
Westminster, CO
Joined November 2017
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You see occasional quick pumps, but it quickly dies out because there is simply no buying volume other than the pump. People are so desperate from the hodle mentality that became ingrained during the bull market, they think any small pump as evidence of the bottom..... wrong.
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Do you want to know what water boarding feels like? Be a hodler in a bear market with shrinking volume. Oh wait!!!!!!
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Patrick Wayne retweeted
The only reason why people think we need 'stable tokens' backed by USD is simply because fraudulent exchanges don't want to comply with banking regulations to get real banking.
So then people make a non-compliant USD token that allows any bucketshop to use it.
If anyone wants to know what is killing crypto currency, it is the unadulterated greed of insiders in exchanges. Retail and institutions wont come back till the mess is ckeaned up. Until then we just have whales and exchange insiders trading amongst themselves.
All 4 frozen accnts were first seen 3/11/2018 xitter.cf/waynecrypto/status/973…
@buttcoin @Bitfinexed I got even money says we wont hear anything from @tether or @bitfinex about why 5million tether in 4 accnts have been frozen.
At some point crypto is going to reach a price tipping point where whales are going to want to make sure they lock in their gains from last year. All it is going to take is one whale to serously do big selling and the flood gates will open. Then the tether fiasco will break
I feel that what is happening in the crypto markets is the lack of consistent new $ comming into the markets. We basically have crypto being bought and sold between the same static population since the fall from $19k. Thats why a mere 40k btc sake can drop the price dramatically
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Im seeing a lot of what I thought were reasonable crypto commentators continuing to call any information that impacts price as "fud". The idea that any verified information that is negative as "fud" is disengenuous to thise who are relying on these "knowledgeable" crypto analysts
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Ok I go away for a couple weeks and everyone goes gaga over another "stable coin". Let me say again. There is absolutely no need for a stable coin when exchanges have legitimate banking relationships and KYC implementation verifiable.
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Hey.... no problems at bitfinex... dont worry everything is just fine. news.bitcoin.com/u-s-corpora…
OMG Bcash fork doesn't improve scalability and decentralization? I'm shocked. ccn.com/public-blockchain-ch… #btc #bch