Merged Bitcoin - Part 3

[steenkh]

USDT on Tron central to $1 billion money laundering scheme, feds say

A Venezuelan national allegedly laundered around $1 billion for crooks, feds say. He used a number of crypto wallets to do so. The alleged criminal transactions were made using Tether’s USDT on Tron.

www.dlnews.com

tether coin of choice in $1b money laundering scheme

seems like bitcoin has some competition

I sense a presidential pardon is coming up …

 

[Gord_in_Toronto]

Thursday will tell.

‘Get Ready’—U.S. Dollar ‘Collapse’ Warning Issued As Markets Brace For Gold And Bitcoin Price Shocks

traders are braced for this week’s inflation reading to be higher than previously expected—triggering warnings of "unprecedented stagflation"...

www.forbes.com

 

[dirtywick]

wait until you see what happens when strategy collapses

 

[dirtywick]

https://finance.yahoo.com/news/billionaire-michael-saylor-strategy-buys-131242709.html

buys another $263m bitcoin. stock price continues to dip, down to 143 now.

https://www.advisorperspectives.com/articles/2024/12/16/microstrategy-convertible-debt-scheme

in this article there's a chart about halfway with the convertible bonds sold and the maturation date, about $4b of which is in the next 3 years, with a company who's stock price is well below the point where people would convert their bonds into stock and dropping like a rock, whose business model is buy bitcoin and never sell.

so, where do they get the money to pay the bonds back? new investors?

edit

also should probably note the average purchase price for their something like 700k bitcoin holdings is like $72k, what happens if the bonds come due and the bitcoin price is at or below the average purchase price. new investors?

how much liquidity is there really

 

[dirtywick]

One of the Dumbest Schemes on Wall Street Might Finally Be Falling Apart

Crypto treasury companies quietly crept into index funds and retirement accounts. This collapse is good news for all of us.

slate.com

as strategy looks as though it's due to collapse, even the mainstream media is picking up on it. not too often you see coverage of bitcoin related stuff so that's interesting

 

[dirtywick]

Strategy ($MSTR) Shares Fall 20% As Bitcoin Drops To $72k

Shares of Strategy ($MSTR) fell further today as Bitcoin’s sell‑off deepened.

bitcoinmagazine.com

mstr continues to plummet with the price of bitcoin

 

[psionl0]

mstr continues to plummet with the price of bitcoin

I don't know why these anecdotes about bitcoin investment firms fascinates you so much. The story never changes. Their fortunes rise and fall with the price of bitcoin.

 

[dirtywick]

i think there’s more to it than that

 

[psionl0]

i think there’s more to it than that

Nothing beyond the usual run of the mill scams and doubtful investment schemes that abound for every product under the sun.

 

[dirtywick]

i don't fully agree with that, but even if i did i think exposing scams is enough reason to talk about it

why you don't want to talk about it i think is pretty obvious

 

[psionl0]

i don't fully agree with that, but even if i did i think exposing scams is enough reason to talk about it

You are only interested in "exposing" crypto based scams. You ignore every other type of scam as if it doesn't exist.

 

[Andy_Ross]

Isn't a thread in crypto the place for crypto scams?

 

[dirtywick]

oh, i suppose i need to expose every other scam on earth before we get to crypto otherwise it'll hurt his feelings

edit

and i'm sure he'll be along shortly with some links and news to all the positive developments in the crypto industry if he's so worried about it. seems to only get mad when i'm talking about crypto scams, not because they're not happening. he just doesn't want to hear about it. but it doesn't seem to me there's anything else to talk about with crypto? set the record straight then.

 

[psionl0]

Isn't a thread in crypto the place for crypto scams?

Not if you are trying to imply that crypto scams are worse than other types of scams.

 

[psionl0]

and i'm sure he'll be along shortly with some links and news to all the positive developments in the crypto industry if he's so worried about it.

Of course, only a crypto lover would have a problem with focusing solely on the most negative aspects of crypto (real or imagined) that can be dredged up.

 

[dirtywick]

if you have anything worthwhile to add to the discussion i'd read it. at the end of the day, i'm not interested in your opinion on how i spend my time and what i should or should not be interested in so that's not something i'm going to discuss with you any further