Wake up

>South korean government gonna regulate everything blah blah blah nobody cares
This is literally the same old shit that caused the market to crash last week.

Why the fuck are people panicking over the exact same shit?

People are anxious, and for good reason. Anyone with half a brain realizes that this thing is teetering on the edge and could fall at any time, and if you're not one of the first out the door you're going to be left hodling worthless funbux as exchanges go insolvent and the price collapses. Price drops are only going to get sharper and more frequent.

I've been losing satoshis every day for 3 weeks now. This whole crypto thing doesn't work for me.

americans

>be me
>wake up on gf eating my ass
>check binance
>VEN LINK NEO green
>why so easy /biz?

fucking newfag, anything under 10% is not "down"

>LINK
>green
Poo in your gf's mouth, Radjesh.

The most telling sign is that the whole market moves together now, even for small movements.

Yeah seriously all of its moving together.

This guy might be a salty nocoiner but he does have a point. Just like gold and stocks, crypto is only as valuable as people are perceiving it to be, and the market is clearly getting anxious. It doesn't help that most crypto projects are completely shit so they have even less use than gold and stocks. If stocks or gold collapse, you can get out without significant losses. But if crypto collapses, it's gonna happen much faster and most people flocking to the door won't make it.

And I say this as somebody who really likes crypto. But it doesn't matter what you're holding, it will go down the drain if the ultimate shitcoin that is BTC dies. The question is do we run out of buyers before all the people scared for their bags cash out. It's very high risk currently, and I don't feel comfortable betting as large sums on it as earlier.

That's why you buy the dip, especially if theres no FUD at all.

Weak ass fud.

Normies, tether doesn’t work like that they print it when there is demand for it to keep its price near 1usd.
For example if for whatever reason people sell their crypto for tether, then the demand causes the price to go up which is why tether then prints tethers to keep the price near 1, diluting the value of tether, when people use their tether to buy back into crypto its exchanges that receive the tether back. It’s not like tether remains in the market inflating crypto like some idiots want to make it look like.
A lot of people wanting to spread fud to profit from it.
Do your own research.

>be me tonight
>cum inside my girlfriend
>lay on the bed in pure bliss
>gf goes to the kitchen to get me water
>check blockfolio real quick
>Ven mooning,ICX near ath again, telcoin x5 from ico.

I don’t know what you faggots complaining about, maybe don’t invest in shitcoins, icongang bitch.

I still don't understand why any crypto exchange needs to comply with any government request to share details with banks.

Even If the major exchanges did share details with banks all that would happen is smaller exchanges would pop up that will refuse to share that data and people will move their shit over to them.

If the government decides to blocks them, we use a VPN.

I don't see what all the fuss is about.

You and your fellow mutts from the land of instant gratification jewed to the eyeballs drive everything down against the good work of the Euros and Chinks. Ebomb when?

Yeah just like piratebay amirite.
If it's going to change it's going to change slowly, not by fite da powah mentality.

People are getting into tether instead of bitcoin now when the market dips, hence why more tether is being printed.

>What the fuck is going on?

whale games.

Don't bother, the tether FUDers are either retarded or paid.

It still doesn't change the fact that the market is unstable right now and there is no telling where the floor is. I know the tech is good but what if banks adopt it? Are people really gonna give up the benefits of banks just for the ability to hold their funds funds personally?

Assuming banks adopt distributed ledgers, they'll have all the benefits of fast international transactions and public transparency, and also things crypto can't have:
- privacy (banks can hide account balances without slow crypto obfuscation tech)
- efficiency (banks can ensure all validators are performant)
- convenience (no need to change the systems you use)
- easier security (no need to worry about your private keys or buy a ledger, transactions can be rolled back if you fuck up)

Basically, I think banks are the biggest threat to free crypto. They can theoretically be better than any crypto, only less decentralized. But does the majority of people give a shit about that, no. What remaining use would crypto have, just illegal purposes and being a store of value? There are other things that can store value with less volatility, so it's hard to say if crypto peaked already.

>see a market muddied with scam coins, run by a scam exchange and kept afloat by a scam currency.

people are realising that crypto will never become close to legitimate without airing its dirty laundry and crashing the whole thing. mentality has shifted from "this is the future" to a short term "make as much money as i can and GTFO".

i mean you have people making excuses for tether citing the actions of the fed as justification. adopting the worst, most artificial traits of fiat currency for something where its main strength is the opaqueness of its value.

crypto has cancer, let's just hope the chemo doesn't kill the patient.

The dot com crash took 4 years to complete. This is worse because unregulated whales can pump and dump while hey slowly exit.

user, do you hate easy money? If not then join....

discord dot gg/6ddqFHd

Exactly.
They can regulate crypto as much as they can stop piracy.

Don't forget what bitcoin was originally used for, we can quite easily go back there if we need to.

I would hardly call tether a scam. It's shady, but as long as all crypto doesn't go to 0 the exchanges can back it by their crypto reserves. Buy LTC and move to an exchange that has fiat liquidity, it's not like the tether-based exchanges can give you fiat either way.

>There needs to be FUD for it to go down.

The fucking state of you brainlets. Look at the volume.

You clearly don't know the history of piratebay.
A non-profit with creators whose ideology was stronger than self-preservation.

That compared to companies who operate for profit and would sell their grandma for Tether.
Yeah good luck with that.

>what is a bear market

This is the new normal, get used to it fag

I'm not talking about piratebay I'm talking about piracy in general. The government war against piracy and shutting down all those torrent websites was a complete waste of time because for every one they shut down ten more popped up.

No government can force every single exchange in the world to give them details on every single transaction that every single persons makes.

It's literally impossible.

Yeah. We're probably gonna come back too. But until then there's a long way down to go.

>user pays 1 USD to coinbase for bitcoin
>tether in the market is 0
>tether prints 1 USDT
>user exchanges bitcoin with tether for for 1 USDT
>user spends 1 USDT to buy bitcoin from other user
>tether sells 1 bitcoin for 1 USDT

the market now has 2 bitcoins for 1 dollar in it.

it's an absolute house of cards waiting to crumble.

You think exchanges will keep popping up as they close and people get arrested for not complying with regulation?
I don't know you might actually be tripping balls you tell me.

It’s in a broad downtrend and people are mistaking volatility for legitimate gains.
>16k to 14k
Crashing
>bounces up to 15k
MOONING
>down to 13k
Crashing
>bounce to 14k
MOONING
>down to 11k
Crashing
>back up to 12.5k
MOONING

Think of the market like 'waves'.
Every time you get a swirl, you'll get a dip after.

Do you think assets just go from price a to price b in a straight line?

>muh regulations

They aren't going to know who runs an exchange or where it's being run from.

They can't track down and arrest every single user of the exchange.

They can't seize assets from people across hundreds of different countries.

Who the fuck is going to take on that kind of responsiblity? The world police? FBI? Interpol?

No government has the authority to do anything like that. It's impossible.

>Poo in your gf's mouth, Radjesh.
My link is green also. Are you just dumb?

>They aren't going to know who runs an exchange or where it's being run from.
Oh brother.
>Who the fuck is going to take on that kind of responsiblity? The world police? FBI? Interpol?
YES FUCKING EXACTLY THAT'S WHY INTERPOL EXISTS YOU FUCKING MORON

You're not wrong, but tether working is based on the fact that crypto is still perceived to have value. We don't need to have enough USD around for every coin to be converted back. Since crypto has gained more value than the fiat put into it, that's the situation either way. But yeah you're right, tether boosts the situation. It works as long as the entirety of crypto doesn't lose value first and most of the market doesn't try to to cash out for good.

...which actually could happen, kek. So I guess I was wrong to say tether is all ok.

>Interpol knocks on my door every time I buy drugs on the deepweb

Are you braindead?

How much did your drugs cost you?
How often do dealers go to jail?
How much fucking millions in fees do you think exchanges generate?
Governments go after high-priority targets, aka free money for them.
That's why Joe Schmoe not filing the mons he got from selling moonshine doesn't get audited, but mr. nouveau riche who just bought a villa off heroin is going to jail for a long time.

i found the fud mommy

I'm sure there are loads of dealers in jail but there are loads of dealers out there. It doesn't matter how many they arrest there are always enough drugs out there for the customer so it makes zero difference what they do to me.

If there are hundreds of small/medium exchanges governments can't do shit.

They aren't going to big enough to get their attention and if they shut one down, another will pop up.

It's a waste of their time and resources.
The more they crack down on big exchanges, the more smaller exchanges will pop up and it'll get harder and harder for them to do anything about it.

This.

Nothing can be shutdown on the internet unless the internet itself is shutdown and you americucks are going to be the first to lose your internet freedom.

Land of MUH free.

Why is korea such shit? It's like three times a month they have some fud news, dump everything like the market is going to crash, drag down the price for the rest of the world.

I'm pretty sure they're retarded. They might have high IQs according to some statistics, the might be good at video games, but in the end they're still retarded. I say this mainly because of reading the news about koreans going on autistic rage and destroying their own property when BTC dropped.

maybe low testosterone? koreans act like girls in crypto. throwing endless amounts of money around in a bullmarket, sell fucking everything at the first sign of a red candle.

Possible, maybe that leads to general irrationalism.

>buy 1 BTC on a regulated exchange
>transfer to cold storage
>transfer to an unregulated exchange
>trade until 10 BTC
>transfer back to cold storage
>transfer 1 BTC back to a regulated exchange

>Korea is one group of people
Who do you think in Korea invest in crypto?

So the only korean crypto investors are their retards, and we're on the same level as them? Intredasting.

Then you must be new. This is literally the sentiment every time there is a downtrend in any market. The smart thing to do is accumulate at those times as the sellers will get less and less and eventually the buyers will out weigh the sellers and it will sky rocket.

Buy when people are fearful. Crypto is not going anywhere. Invest in solid projects that has real utility and requires real physical work to keep it functioning. LINK is the best example for this. No matter which crypto survives, it'll still use Chainlink in the future.

>Crypto is not going anywhere
It's not, and I'm rather sure we'll be back, but until then we're also gonna go down some more.

Also my only problem here is that I'm getting sceptical about the market If the banks fuck us over, and why wouldn't they at this point, all that remains for the rest of crypto is just speculation. And a place for a select few. Link might actually be one of them.

...

You dont even need FUD when your virtual currency is FUD.

Pretty much this.

Welcome to the Bear Market folks. Short term 8k, longterm 5k.

I believe they are paid. That's how one can explain constants fudding of Tether last few days. Just look at bitfinexed twitter which tweets 24/7 and say there are no jews behind it.