MISC Crypto Crew (MCC) Vol: XIII: Money printer goes brrrrrr, But Bitcoin doesnt

[BetaAsPhuck]

I can't believe there are people that think only ETH will exist and be the dominant platform (or even worse, the one that takes all)



The future is multi-chain. Different blockchains adjusted with different technical parameters for different use cases. Also fees will be different depending on needs and competitiveness.

https://haseebq.com/defi-in-eth2-cit...rbs-and-farms/

Yep. Also that image is just ETH to ETH fees, it doesn't take into account that the fees are even more higher if you are using a DEX or DEFI platform. I got a $56 fee recently for an average speed transaction when I wanted to make a swap.

ETH 2.0 is years away. Layer 2 solutions like Polygon (MATIC) can only do so much. Even if ETH 2.0 rolled out next Tuesday, a very small percentage of the population uses DEFI and NFT platforms, if we truly onboard the world then the fees would climb again because there are a finite amount of transactions in a block.

BNB and BSC exploding in popularity shows that the market is looking for solutions. Cardano began it's massive pump after people realized that the high gas fees aren't going away.

[entropy91]

Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter.

No finding that Tether ever issued without backing or to impact crypto prices. This settlement shows our commitment to the future of the industry, and to transparency with quarterly disclosures of @tether_to reserves going forward.

https://tether.to/tether-and-bitfine...nerals-office/

You beat me to it lol

https://mobile.twitter.com/Tether_to...Ctwgr%5Eauthor

Bullish AF

[entropy91]

the hell am I supposed to do with it then lol? kraken doesn't have xrp, signup for binance and use vpn? Thats literally the dumbest shiet ever


edit: here we go boys. Mooning hard right now. Thank god my wife won't yell at me

I think XRP breh is using a VPN on kraken. Not sure bby.

You could check kucoin

Edit: depending on when you bought XRP you'll get flare tokens breh. Don't forget

[W1LLW]

the hell am I supposed to do with it then lol? kraken doesn't have xrp, signup for binance and use vpn? Thats literally the dumbest shiet ever


edit: here we go boys. Mooning hard right now. Thank god my wife won't yell at me

Since you forgot you even had the xrp, i honestly wouldn't even touch it. Coinbase suspended trading for XRP when the SEC bullschit came out and sent the price crashing to .18.

By the time this is all said and done, and coinbase activates XRP trading again that 5000 stack will be worth at least $10,000

I think XRP breh is using a VPN on kraken. Not sure bby.

You could check kucoin

Edit: depending on when you bought XRP you'll get flare tokens breh. Don't forget

vpn on binance.



Edit: it's all cute and dandy that we bounced off 45,500 but i wonder how long it is before we get out above 50k again. Kinda seems like that wants to be the new ceiling.

[jBrahh]

The swings were not that large in 2017.

Percentage-wise, the dips were much larger in 2017 than 2021 though. So seems a little more volatile back then.

[entropy91]

Uhhhhh bros?

https://ag.ny.gov/press-release/2021...finexs-illegal

[jamalfudge]

Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter.

No finding that Tether ever issued without backing or to impact crypto prices. This settlement shows our commitment to the future of the industry, and to transparency with quarterly disclosures of @tether_to reserves going forward.

https://tether.to/tether-and-bitfine...nerals-office/

"Resolved"

Edit:

Uhhhhh bros?

https://ag.ny.gov/press-release/2021...finexs-illegal

So Tether can't operate in NY as a part of their agreement. Convenient how Tether left that out of their statement posted at the top of the page. I don't know all of the implications of this but one possible outcome is seeing a flood of tether back INTO the market after a brief period of FUD. Also makes sense with the dump this week. Big players likely knew this outcome ahead of time and took out profits before everybody else did.

[entropy91]

This is going to get interesting. Wouldn't be surprised to see 40k.

[entropy91]

I swear to god I am in a simulation. Fantom is the one ****ing coin I sell to buy back cheaper and it is still ****ing moving upwards in this giant correction.

[W1LLW]

Chased KSM at 255 like a cuck so i got stopped out of my sell trigger. GRT and XRP holding my portfolio strong though. The other third of my portfolio is in Tether now.

Funnily enough, despite fumbling entries this morning, my portfolio is up 1k from last night. Planning an exit for GRT and XRP here now though to get a better buy in price later today/this week.

I swear to god I am in a simulation. Fantom is the one ****ing coin I sell to buy back cheaper and it is still ****ing moving upwards in this giant correction.

yeah that's brazy.

[letitride0]

back up to 48k

[W1LLW]

back up to 48k

Reeks of dead cat bounce. I bet traders take profits at 48500 and 49000. I'm not going to start placing buys again until i see 40k. Tethered up now with an alert set for BTC/USD crossing under 43,500. You boyos have fun today. I'm out.

[Phobaphobia]

Everything is taking off. Not sure what to believe.

Side note, I saw the stock market was down across the board today too.

[entropy91]

"Resolved"

Edit:


So Tether can't operate in NY as a part of their agreement. Convenient how Tether left that out of their statement posted at the top of the page. I don't know all of the implications of this but one possible outcome is seeing a flood of tether back INTO the market after a brief period of FUD. Also makes sense with the dump this week. Big players likely knew this outcome ahead of time and took out profits before everybody else did.

Looks like they're trying to blame the payment processor for holding a billion dollars hostage. I'm not entirely sure why the NYAG has any type of jurisdiction to sue tether in the first place. Tether isn't even an American entity.

The lawsuit apparently states tether admits to no wrongdoing, but then the NYAG is saying otherwise. No one will ever really know. This being resolved and transparency going forward is bullish tho.

[HMFIC_BROWSIN]

Can't log in to coinbase pro?

[chalup]

This is going to get interesting. Wouldn't be surprised to see 40k.

You shut your mouth right now. Can they fight this? how do they enforce this?

[dankydank]

Everything is taking off. Not sure what to believe.

Side note, I saw the stock market was down across the board today too.

Crazy how it seems to match the stock market. The last crash in March was during the stock market crash also.

[letitride0]

Tesla’s share price is now directly tied to the value of bitcoin, analyst says

https://www.cnbc.com/2021/02/23/tesl...yst-warns.html

[Phobaphobia]

Crazy how it seems to match the stock market. The last crash in March was during the stock market crash also.

Really makes you wonder who's pulling the strings behind the scenes.

JK.

Kinda.

[Phobaphobia]

Tesla’s share price is now directly tied to the value of bitcoin, analyst says

https://www.cnbc.com/2021/02/23/tesl...yst-warns.html

Seems about right. Tesla opened up down 7.8% today lol

[BDSMBBW]

Percentage-wise, the dips were much larger in 2017 than 2021 though. So seems a little more volatile back then.

One big concern this time is how fast bitcoin has gotten the public attention after breaching all time highs.

The 2017 run was relatively quiet till 10k.

Imo from here if price continues to rise exponentially - it could something fundamental has changed with bitcoin with mass public adoption under progress and the manipulators no longer have as much influence over the price movements and it would be up only. big market players like Arthur hayes have been driving bitcoin movements for the last few years, has this trend changed in 2021? we don't know.

There's a chance this rally might not be as glorious as the one we got in 2017..we are all hoping for a rally like the one we got in 2017..whether we get the same movements no one knows.

stonks are influencing btc movements - as long as stonks go up, btc will do the same imo. not seeing any major weakness with stonks price movement atm.

[entropy91]

You shut your mouth right now. Can they fight this? how do they enforce this?

can who fight what?

[HMFIC_BROWSIN]

Mother fuker, cock sucker.

Literally had my ETH stop-loss order @ almost today's exact low to the fukin dollar.

Raging.

[NorrinRadd12]

Can someone give me a cliffs version of what's going on? I'm assuming it's normal so I'm not worried, just curious.

[entropy91]

Welp took more fantom profits into BTC to hold long term. Only have 100k fanties left. Holding until $1.5 - $2.

[jBrahh]

Mother fuker, cock sucker.

Literally had my ETH stop-loss order @ almost today's exact low to the fukin dollar.

Raging.

Sucks, sorry to hear that man. Had that happen to me several times a few weeks ago during that 2-3 week correction. Got chopped out a few times.

[JuicedMayhem]

Can someone give me a cliffs version of what's going on? I'm assuming it's normal so I'm not worried, just curious.

Stocks crashed because of sell offs before some government announcements, insiders knew this would happen and dumped a lot of bitcoin. No bad news came out of the announcements. We’ll be heading back up by the end of the week.

[Luc1fer]

Can someone give me a cliffs version of what's going on? I'm assuming it's normal so I'm not worried, just curious.

Standard correction. Bitcoin is the same price as it was 1 week ago.

[MisterInfinity]

My sweet Cosmos outperforming the Market again, inb4 it crashes again more than any other coin hnggggg

[dankydank]

Defi100 I shipped earlier is starting to move up. Could flip now for 30% profit but I think it could go higher. I think it does actually have long term potential as a low risk asset though.