BREAKING: Bitcoin Breaks Above 60,000 -> 62,231.85 (+8.23%)

Looks like a double top next week to me. It's gone up too far too fast for a proper breakout. Maybe if it can do a slow retracement next week then I can get on board the bull case.

BTC is propped up by Tether which is a massive ponzi scheme. They are supposed to be backed by dollars but their $62B is only backed by less than 3% cash. A lot of it is Chinese commercial paper which you see how screwed China is.

Basically you're watching an artificial pump of BTC via minted Tether.

If you want to learn about Tether I post a good amount of info in the XRP thread.

Invest in Vechain. Mad profit to be made.

How, exactly, is bitcoin “backed up by” tether?
They’re two different coins and there are other stable coins out there.
What’s with you people who hang tether on to bitcoin?
Bitcoin can be bought and sold straight with fiat, it doesn’t need tether to exist.
So explain the “backing” you speak of.

Everything blows up right before it implodes.

so what. the DOW is up over 800 points in 2 days too. when will you idiots realize it is a scam?

all of it.

Last Edited by mr dull socks on 10/15/2021 04:06 PM

I sold at $500.

The "Tetheristas" are totally insane.

There have been any number of authoritative articles by experts in the cryptospace debunking their paranoid BS.

Fat boy deletes posts and blocks people who call him out from his thread. I wouldn't believe anything he says here. Not sure why he's in this thread.

MMM (Ponzi scheme company)
[link to en.wikipedia.org (secure)]

That's what it is.

Sociopaths can't see wrong doing.

Always sucked into ponzi schemes.

You've minced my words. I never said BTC is backed by Tether. I said Tether isn't backed by dollars. They printing billions of Tether coins out of thin air, use them to buy BTC and then unload the BTC. They have a massive lawsuit against them and their fraud is endless.

Bitcoin is bought by other retailers and institutions but it is also inflated because of the ponzi scheme.

Editing issue.

Litecoin will be over 500 within a month

Madoff was running his for 30+ years before it collapsed. His "victims" should never have gotten any of their money back. To be getting the kind of returns they were getting they had to know something wasn't right.

You don't know what you're talking about is more like it.

Well this just happened.

[imgur] [link to imgur.com]

You don't even know me. I'm 6'7 210 and not the guy you're thinking of. I've never blocked anyone from my own thread. You're facts are 100% wrong.

I'm here to see if there's any intelligent thought on the BTC pump. Clearly you don't have your facts right so I'll look elsewhere.

More like I already fixed it as Twitter was having an issue. Swing and a miss tough guy.

That Mr. Whale Twitterer has been saying that four years. For all these years bitcoin has been up 200% on average annually.
So, when rug pull???

Also, why would the tether makers need to go the extra step of buying bitcoin to dump it?
They could just sell their tether for fiat.
See how dumb you truly are?

Approved for etf

Right because you don't have to launder money when you counterfeit. Do you know anything about crime?

how does buying a complete traceable asset help them “launder money?”

You really have no idea how this works do you?

real money is converted into tether. that’s why they are printing tether. when the real money gets pulled out again that printed tether gets destroyed

it’s easy as fuck to understand. silly conspiracy

Heyyyyyyyy I invest in OTC Cannabis/Hemp stocks, i'm Not into Crypto, But My Question is, If You Invest in Crypto With Dollars/other currencies, Your basicly doing the same trade has stocks?

You Invest in Dollars and imagine to duplicate or More Your investment on dollars based on Crypto going Up and exhanged for dollars/other currencies?

I'm hearing That the fees In Crypto Are Big?

if you sell BTC off the exchange and then buy on the exchange
- this will create an upside long bias in the price impact, thus manipulation is relatively easy !

kabal loves bitcoin - it's gradually destroying the dollar
and other global currencies + it pushes the sheeple into digital money trap ... one important step closer to their coveted mark of the beast goal.

You guys are either shills or dense as brick walls. No point in explaining the obvious to the blind.

That already happened May-July

Where were you?

we probably have another 2 month speculation bull run

remember to take profits when you think it's time


if we get lucky and actually go into a utility run right after that, the whole game will be changed..

and a lot of non-utility coins will go bye bye..make sure you have some ISO 20022 coins too..

but either way, yes bull run for the next couple months...


should be fun

Exactly.

...and the xrp shill is still an idiot just like the idiots he's arguing with.