Trading BTFee™ - $300MM in Tether Will Pull Us to $25,000
Bitcoin Legacy (BTFee™) is flirting with the $20,000 mark and is eagerly awaiting either moon or doom as everyone puckers their lips bracing for correction.
Fundamentally, Bitcoin Legacy has a few key events that are behind what is going on.
- $300 Million in Tether has Been Printed Since December 11
Twitter's @Bitfinexed has evidenced with great detail the correlation between correcting/waning Bitcoin Legacy markets and a printing of new Tether, which then leads to further upward movement.
In case you're curious who's behind Tether, well, we already know that Bitfinex is pretty much owner and operator of Tether. But...
Blockstream, the centralized, global-bank-backed corporation that employs all of Bitcoin Legacy's developers, is a shareholder in Bitfinex and Tether.
- BTFee™ difficulty is adjusting today
Going up 18% from what is already an all time high
- Unconfirmed Transactions are Still Over 125,000
Fees are still completely insane and haven't come down at all since last adjustment
CME Bitcoin Futures Launches Monday Morning
And one of the top 3 retail brokerages, TD Ameritrade, is also offering the CBOE Futures product to “qualified retail clients” on Monday.
Last difficulty adjustment was December 6 and we indeed saw major growth occur before, during, and after adjustment
We also saw a very obvious correlation between unconfirmed transaction count and difficulty adjustment, which was a similar sized increase to what’s coming today.
And a big time correlation between difficulty adjustment, unconfirmed transaction count, and transaction fees.
So, in summary, we are on a run away train to a new all-time high that will be met with further problems that Blockstream is completely unwilling and unable to solve.
BTFee™: Death by Feeflation™
Just how serious is the problem? I've been chronicling every single Tweet I come across in one convenient Twitter moment.
People are right that the boom in crypto is natural growth from adoption rather than the result of a bubble.
That being said, fees are exactly what's going to cause the Bitcoin Legacy bubble, and crypto will move forward.
Their only solution or hope on the horizon?
Lightning Network™. A bankster’s paradise. A walled garden that’s designed to take you off-chain, where your money is secured and controlled by you, and put you inside of another centralized walled garden system.
Learn the truth about Lightning Network™ and see why it’s going to do nothing for BTFee™ and Feeflation™
Regarding trade thread posts, we've met with great success.
Bitcoin Cash - Finally Light, But It's a Complicated Situation Scored a 42/43 Satisfaction Rate
Our last thread, Bitcoin Cash – Distractions Abound But Slow and Steady Wins the Race trade structure worked out perfectly and readers made $600 points during the trade.
Our Litecoin – Play the Pump and Dodge the Dump thread had take-profit, target, and extended target all hit, and received a full 100% score from readers.
Fee structure for this trade thread will be based on the average transaction fee on the BTFee™ chain, which as of writing is approximately $26
Subsequently, the cost on this post will be half of the average transaction size. After all, according to Blockstream rhetoric, Bitcoin Legacy is a store of value that is not meant to be transacted, and so you are expected to pay a premium to do so.
As evidenced by the fact that people are paying $20,000 for the privilege of purchasing a token with these characteristics, I will also be setting my price commensurately at $12.88.
I feel that if a person is willing to pay $26 to merely send their Bitcoin, $13 is a very fair price for a guided trade structure with targets, stops, and continual updates.
In this post there will be:
- Trade structure, strategies, stops, and targets
- News updates as they emerge
- Multiple updates as price action progresses and as news progresses.
Average trade structure post so far has gone on for 24-48 hours and has had ~10+ updates provided along the way.
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