Author Topic: Cryptocurrencies  (Read 330881 times)

NewbieD

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Re: Cryptocurrencies
« Reply #1170 on: January 13, 2021, 11:12:19 AM »
https://www2.deloitte.com/nl/nl/pages/innovatie/artikelen/quantum-computers-and-the-bitcoin-blockchain.html

It seems there already keys believed to be resilient to early quantum computers. All these old lost keys probably not though. Tick tack..


Brett

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Re: Cryptocurrencies
« Reply #1171 on: January 14, 2021, 06:57:26 AM »
Does anyone have access to HC Wainwright's research on RIOT that they could share?

elliott

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Re: Cryptocurrencies
« Reply #1172 on: January 14, 2021, 10:07:26 AM »
Went back some pages, but did not find anything about the theory that Tether printed without USD backing are being used to manipulate the price of BTC up. There may be something, however, as this was already being discussed out there a few months ago.
In any case, if this is true, and regulation was to stop the proliferation of tether (and/or similar stable coins), the price of bitcoin could be negatively impacted, so the argument goes.

What do you make of it?

https://medium.com/texas-mccombs/tether-connection-puts-bitcoin-at-risk-a6d332784f98

https://coingeek.com/tether-printing-presses-in-overdrive-as-regulators-watch-closely/

TwoCitiesCapital

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Re: Cryptocurrencies
« Reply #1173 on: January 14, 2021, 10:12:17 AM »
Went back some pages, but did not find anything about the theory that Tether printed without USD backing are being used to manipulate the price of BTC up. There may be something, however, as this was already being discussed out there a few months ago.
In any case, if this is true, and regulation was to stop the proliferation of tether (and/or similar stable coins), the price of bitcoin could be negatively impacted, so the argument goes.

What do you make of it?

https://medium.com/texas-mccombs/tether-connection-puts-bitcoin-at-risk-a6d332784f98

https://coingeek.com/tether-printing-presses-in-overdrive-as-regulators-watch-closely/

If true, it is a short-term negative due to the elimination of artificial demand; however, it doesn't really change the valuation models that predict valuations for BTC. Will just remove some of the upside volatility/overshoots of those targets.

fareastwarriors

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Re: Cryptocurrencies
« Reply #1174 on: January 14, 2021, 04:46:37 PM »
rayscale, the world’s largest digital currency manager, said on Thursday its assets under management surged more than 900% to $20.2 billion at the end of last year, lifted by record inflows in the fourth quarter and the surge in the price of bitcoin.

The cryptocurrency manager started 2020 overseeing $2 billion in assets.

https://www.reuters.com/article/us-crypto-currencies-grayscale/bitcoin-surge-helps-lift-grayscale-assets-to-record-20-billion-in-2020-idUSKBN29J2QL

What are their expense ratios again like 2-3%? Nice juicy AUM fees.

Fly

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Re: Cryptocurrencies
« Reply #1175 on: January 16, 2021, 10:56:30 AM »
Went back some pages, but did not find anything about the theory that Tether printed without USD backing are being used to manipulate the price of BTC up. There may be something, however, as this was already being discussed out there a few months ago.
In any case, if this is true, and regulation was to stop the proliferation of tether (and/or similar stable coins), the price of bitcoin could be negatively impacted, so the argument goes.

What do you make of it?

https://medium.com/texas-mccombs/tether-connection-puts-bitcoin-at-risk-a6d332784f98

https://coingeek.com/tether-printing-presses-in-overdrive-as-regulators-watch-closely/

If you owned a big pile of USDT and Tether corporation was shut down tomorrow what would you do with your USDT? Probably trade it for the most liquid asset ASAP. BTC/USDT pairings would skyrocket and would likely cause a short term burst in BTC/USD pairs as well, then decouple and see a normal BTC/USD with USDT turning into just another shitcoin.

Most reputable exchanges dont even use USDT any longer, and it is only the shady places that use it for wash trading:

https://www.viewbase.com/coin/tether
« Last Edit: January 16, 2021, 11:02:13 AM by Fly »

Xerxes

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Re: Cryptocurrencies
« Reply #1176 on: January 19, 2021, 02:18:29 PM »

rkbabang

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Re: Cryptocurrencies
« Reply #1177 on: January 19, 2021, 02:42:22 PM »
Not sure if folks had read this.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

I don't think this is new info. Tether was the big concern in 2018 too.  It doesn't change my long term opinion of BTC, although it could create a good buying opportunity if it crashes the crypto markets.

Anyone know if there is a good way to short USDT?

Pondside47

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Re: Cryptocurrencies
« Reply #1178 on: January 19, 2021, 03:25:32 PM »
Not sure if folks had read this.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

None of the fund flow charts shows RMB inflow. It's hard to imagine Chinese sitting out on this casino.

Fly

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Re: Cryptocurrencies
« Reply #1179 on: January 19, 2021, 05:03:13 PM »
Not sure if folks had read this.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

I don't think this is new info. Tether was the big concern in 2018 too.  It doesn't change my long term opinion of BTC, although it could create a good buying opportunity if it crashes the crypto markets.

Anyone know if there is a good way to short USDT?

Good? No, but Kraken has a USDT/USD pair with 2x leverage. I think this Tether stuff is way overblown. Yes, they are corrupt and will likely get shutdown but it won't be some big black swan event where BTC drops massively. Hell, we've been hearing this Tether story for years now. Nobody should be surprised when it actually happens.
« Last Edit: January 19, 2021, 05:07:16 PM by Fly »