And when the prices fall down, suddently…
Want to steal 50 million dollars?
Well, the Hawk Tuah girl did.
She launched a coin, rugged it, and then shamelessly went to sleep like nothing happened.
Here's how Hawk Tuah stole $50M from her fans 🧵 pic.twitter.com/3e3hrBxQE4
— Shuriken (@ShurikenTrade) December 6, 2024
Buying #bitcoin is nothing more than the Greater Fool Scheme. What’s that?
People buy it, expecting to sell it later at a higher price to another sucker for a profit. The only value it has, is selling it to someone else at a higher price.
It ends when suckers stop buying. https://t.co/2LDtdHk1Mr
— The Coastal Journal (@1CoastalJournal) December 6, 2024
It’s very obvious what’s happening in the crypto markets. Last month, the U.S. Department of Justice initiated a probe (at the largest scale ever) into stablecoin issuer Tether for violating sanctions and anti-money laundering regulations.
This news was immediately downplayed and pushed under the rug by the mainstream crypto media, which remains heavily influenced by the Bitcoin maxis— who are unwavering defenders of the Tether fraud.
Almost immediately afterward, notice that Tether began minting unprecedented amounts of unbacked USDT, out of thin air, and funneled it into BTC (most alts also grew from ripple effect). This artificial liquidity injection fueled Bitcoin’s surge past $100,000—a rally built on nothing but pure manipulation.
Looking ahead to 2025, one of the top priorities of the Trump administration has been introducing Stablecoin Regulations. This, similar to EU’s regulations, will outlaw Tether’s operations in the United States, barring it from being traded or held. Once this act passes, Tether’s fraudulent house of cards will collapse, rendering the token—already fundamentally worthless—officially so.
The fallout will be brutal. Over 85% of Bitcoin’s buy volume originates from Tether. When Tether implodes, it will take the entire crypto market with it.
The illusion of “institutional demand,” hype surrounding Bitcoin ETFs, and political rhetoric about adoption will be exposed as smoke and mirrors. Institutional volume accounts for less than 5% of Bitcoin’s transactions. In reality, Bitcoin’s existence hinges on Tether, a product of opaque operations from a dubious Chinese entity.
It’s very obvious what’s happening in the crypto markets. Last month, the U.S. Department of Justice initiated a probe (at the largest scale ever) into stablecoin issuer Tether for violating sanctions and anti-money laundering regulations.
This news was immediately downplayed…
— Jacob King (@JacobKinge) December 5, 2024
If $MSTR management are so bullish of their strategy, why are they selling rather than buying shares? 🤔 pic.twitter.com/WqKZqdj5t0
— Markets & Mayhem (@Mayhem4Markets) December 5, 2024
JUST IN: Mt. Gox moves another $352.69M worth of #Bitcoin to 2 new wallets.
Looks like they’re prepping to sell! pic.twitter.com/lvc5RjSqEu
— Jacob King (@JacobKinge) December 6, 2024
It’s beyond laughable that you think that bitcoin could ever replace a Fiat currency.
For one, transactions are far too slow. The system can handle seven transactions a second. You need 7 million transactions a second before it would be even remotely viable as a global currency…
— Uncle Milty’s Ghost (@his_eminence_j) December 6, 2024
h/t kju673