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Hey, would you please expand your thesis? So everyone here can benefit from your opinion! Thanks in advance.

qeternity 6y ago
Not sure what OP is referring to but my two cents: anyone who feels like FOMO'ing crypto should spend the next couple hours reading about Tether, and then wait a week and decide if/how much you're willing to risk.
- ohazi 6y ago
  patio11 has written some amusing opinions about tether: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ https://twitter.com/patio11/status/1338667725980221440 https://twitter.com/patio11/status/1338667725980221440
  - capableweb 6y ago
    I've read a lot of patio11's writings and agree with much of it, and I'm not saying he's wrong here about Bitcoin, Bitfinex and Tether, I mostly agree with it. But, it's worth knowing about possible biases everyone can posses. In this case, patio11 works for Stripe which is in a very strong position in the traditional currencies world ,which used to have Bitcoin support but ended it in 2018. So there might be some bias against Bitcoin there, but maybe not. Again, not saying they are wrong in the article linked, just to keep possible biases in mind when reading it. Same goes for reading pro-Bitcoin articles where the authors might be holding Bitcoin themselves. Useful to keep in mind. Edit: Just to showcase what I mean, the linked article basically starts off with "The dominant use case for cryptocurrency is speculation" which shows that there is indeed plenty of biases scattered around the article. Not to say it's all false, but there is biases present.
    - ohazi 6y ago
      Yeah, I agree. I don't have any horses in this race (anymore), and I don't really have a strong opinion on whether I think he's likely right or wrong... I just find his writing on the topic amusing.
- dustymcp 6y ago
  Or atleast just not buy the All time high that would be sensible investment advise.
  - Ekaros 6y ago
    Specially when nothing indicates that cyclical nature has ended. It will come down again. So buying next up is less stupid way to get in...
- wtf_is_up 6y ago
  Tether FUD cycle already ended for this bullrun.

Not sure what OP is referring to but my two cents: anyone who feels like FOMO'ing crypto should spend the next couple hours reading about Tether, and then wait a week and decide if/how much you're willing to risk.

ohazi 6y ago
patio11 has written some amusing opinions about tether: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ https://twitter.com/patio11/status/1338667725980221440 https://twitter.com/patio11/status/1338667725980221440
- capableweb 6y ago
  I've read a lot of patio11's writings and agree with much of it, and I'm not saying he's wrong here about Bitcoin, Bitfinex and Tether, I mostly agree with it. But, it's worth knowing about possible biases everyone can posses. In this case, patio11 works for Stripe which is in a very strong position in the traditional currencies world ,which used to have Bitcoin support but ended it in 2018. So there might be some bias against Bitcoin there, but maybe not. Again, not saying they are wrong in the article linked, just to keep possible biases in mind when reading it. Same goes for reading pro-Bitcoin articles where the authors might be holding Bitcoin themselves. Useful to keep in mind. Edit: Just to showcase what I mean, the linked article basically starts off with "The dominant use case for cryptocurrency is speculation" which shows that there is indeed plenty of biases scattered around the article. Not to say it's all false, but there is biases present.
  - ohazi 6y ago
    Yeah, I agree. I don't have any horses in this race (anymore), and I don't really have a strong opinion on whether I think he's likely right or wrong... I just find his writing on the topic amusing.
dustymcp 6y ago
Or atleast just not buy the All time high that would be sensible investment advise.
- Ekaros 6y ago
  Specially when nothing indicates that cyclical nature has ended. It will come down again. So buying next up is less stupid way to get in...
wtf_is_up 6y ago
Tether FUD cycle already ended for this bullrun.