Someone should look at the Omni chain data and graph USDT total supply vs BTC price, and Omni USDT transaction total values vs BTC trade volume.
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I gave you 2 merit points. I hereby declare this a merit Ponzi scheme.
JJG is a merit source, so maybe he'll be able to pay you 1% daily interest on that merit.
(But seriously, don't actually...)
Theymos says 3 grand. I'm betting on 3 grand. Sad but true.
$3k is not impossible, but that was not my prediction. I think that:
- The most recent crash was artificial, driven by very few whales.
- The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price.
So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely.