“Why is it rounding like that? Why so much volume into the highs. A lot of coins changing hands on very high effort. But are sellers being rewarded at that price? It doesn’t look like it.”

“For BTC I think we can squeeze to 34k *IF* this 31k area is flipped to support. For now, this is my bias point to trade off.”

If the many worlds interpretation of quantum mechanics pans out then anything that can happen will happen. So while most universes do not have the preconditions of life, an infinite amount of universes do. We just happen to be in one of those lucky universes. So it's not really a miracle. It just looks that way from our perspective.


Isn't this how Doom started?

I, for one, welcome our sexy demon overlords.

Fair enough.

We should realize that USDT has been the leader in the "stable coin" space since about 2014 because when it first started no other similar project existed, but it has been under various kinds of informational and even direct attack of one of the institutions stealing its money (perhaps even the USGovt involved), regulatory attack (that resulted in a pretty BIG settlement), and it seems to me that USDT has remained pretty damned resilient through all of these matters, yet surely it is not likely to be as much of a rebellious project as it had been in the beginning so they have been forced into a certain amount of compliance and maybe even compromise that allowed them to come to a settlement with the NY state prosecution.. likely the Feds have some involvement too... but who knows? 

I would imagine that USDC and some of the other later copy cat stable coins started out with various kinds of US Govt blessings -including reporting requirements.. so don't be expecting hardly any privacy with that kind of a coin.. or even expectation that it might not get frozen... and surely, there can be questions regarding whether one project or another is solvent or not.. and you would think that the USDC has higher levels of solvency safeguards than something like the USDT that has a bit more of a renegade history.

I do understand that sometimes we might end up devolving into off-topicness when talking about some of these various stable coins, and they likely are not even necessarily long term holds for members but just ways to balance BTC versus USD exposures when trading for figuring out how much to allocate into BTC.. and whether some of the allocations might go up or down during BTC price moves - perhaps even with some guys wanting to ongoingly ensure that their BTC balance is going up, but once you get to a certain level of wealth (that might be measured in the dollar equivalencies even if a decent portion is held in BTC), then there might not be a need to continue to feel that your BTC amount has to keep going up on an ongoing basis. 

Guys are at different points in this journey, but they also have differing philosophies as well.  So, for example, Michael Saylor seems to have a philosophy to continue to increase his BTC holdings on an ongoing basis, and there are other guys who would consider that at a certain point, he should feel that he has enough BTC... so part of the reason that I am o.k. with the idea of making initial allocations into BTC that could range anywhere between 1% and 25%, and maybe in the early stages of investing it might not be any kind of problem to stay within an allocation that you have chosen within that range - but then there are certain points in time in which BTC prices do a kind of step up... and then all of a sudden your allocation into BTC might have gone up somewhere between 3x to 10x (as started in September 2020 whether measuring from a $3k to $6k base or a more conservative $10k base ), or 25x (as might be considered the overall BTC price move starting in 2013 that went up from a base of $10 more than 100x.. but then settled back down in the mid-$200s).. or 8x-12x (as might be considered the overall BTC price move starting in 2016 that went up from a base of $500-ish - or lower - and went up more than 40x.. but then settled back down in the $4k to $6k price arena).

Part of my point is that from time to time, the BTC does a kind of step up in price, that ends up positively affecting the amount of allocation that any mostly BTC HODLer has in his/her investment portfolio, and then s/he is faced with questions of both whether to reallocate, and if so how much to reallocate - and part of those considerations are going to be accounting for dollar value - or maybe whether a guys  might have philosophies to just keep accumulating BTC... To me, it seems that it is more practical to balance concerns, and surely at a certain point there would not necessarily be needs to keep building BTC amounts.. but I concede that guys have differing ways to balance their motives and what makes them comfortable.