#Tether's pumping up #bitcoin due to it being perfect for the scam, but they can't put all their eggs into one basket. They've bought some Alt Coins too, so those will follow the same pattern as Bitcoin.
So, the same pattern that reveals the #bitcoin scam; A Parabolic curve up combined with a continual Reduction in Trading Volume as measured in Trades; Also reveal which other coins are affected by the same scam.
Lined up side to side by Unaffected #Crypto; the pattern is obvious
Now not all of them *have* to go up, or sideways. There is an invisible hand at play. Don't take this as gospel!
Except #Ethereum that one's screwed due to its size. If it skews with #BTC too much it draws too much attention.
There's precedence for #BTC/#ETH moving before the rest: In the August spike, those moved first (along with #Link and #Cardano), while the rest of the crypto space showed no action until a few days later.
Observe; this is not organic movement for the Top 4-9 #crypto at the time.
Look i'm fine with people making money, and i'm fine with assets going up. But there should be some form of uniformity. Just like #Gold will drag #silver up or down, #Bitcoin should, at the very least, drag #bitcoincash up or down. It's a FORK for pete's sake!
A few days later, the rest of the space caught up. How convenient.
In any case that's just to say, it's likely the same thing happens again, this time because #tether hasn't got a choice.
Bet on the right horse at the start and jump off before it gets tired, you can make a buck
Time for a BIG thread and for me to return to where i made my bones: #Covid19.
This time with a prediction that will end up hurting A Lot:
#Europe will stay in lockdown until March/April 2021. If it doesn't, the virus overwhelms hospitals and forces a lockdown anyway.
1/x (50)
First, some background, as i know many of you are new to the channel (Welcome!!) and to show i'm not "just some guy on twitter".
While you probably found me because of #silver or #Tether, I made my bones correctly predicting #Covid19 would turn pandemic.
Around January 11th 2/x
Before the Virus, i was trying to become an inventor. On the 7th of January, me and my Russian friend had just ended up with a quote of about 15k to build an app i designed - but we were broke.
The plan became for me to sell a small invention to raise capital for an alpha. 3/x
1. You missed #Tether. 2. Scarcity alone isn't enough. Only Utility is. BTC's only utility is Transactional capability - better alternatives exist already. 3. It isn't. Lightning network is a pipedream due to vested interests otherwise it'd be implemented; It's old already.
4. The dumbass energy argument again. Turn off 99% of BTC miners. Artificial difficulty adjusts down, just like it can adjust up. You retain the same transactional capability with 1% of the energy. Shut down 99% of all gold mines watch the price soar. Where's the energy?
Wasted
Volatility = how far a price can move within a given timeframe. The shorter the timeframe + the bigger the move, the "higher" the volatility.
I think (early data, not sure) they're closing the shorts in preparation for the Failure of Comex in December; And they're using silver to run cover for gold 🚨
November 10th data is quite interesting you see. We're in the midst of rollover, so we would expect to see contracts disappear. Since both #gold and #silver roll over, both should reduce OI.
This certainly happens, especially on the 9th with such a big drop on the vaccine news.
But on the 10th, price went sideways the entire day. So does that mean no contracts where lost?
No. In fact, on the Prelim report, 8,224 (8750 on final) contracts worth 822,400 ounces of #Gold where closed. But #Silver went up with 1,778 (1620 final) contracts. 8,9Moz of metal.
Oh and no I'm not gonna get a fucking subscription to 50 streaming services either.
Not because I'm not willing to pay but because I'm a freaking economist!
You think i didn't notice the whole tech world moving to sub models?!
Easier to jack up the price during inflation.
Recurring subscription costs can be raised while ad revenue craters during hyperinflation (if you think ad budgets are the first to go now WHOO BOY wait till 2023).
And if people don't own their stuff, the need to continue to pay/rent stays there with higher prices.