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A comment on Shorting Tether for Fun and Profit. Parent comment

Re:Shorting Tether for Fun and Profit by NicoJuicy on Monday January 09, 2023 @06:03AM (#34309049)
Other 3 times?

Error. 1 long streak before COVID and a large decline then too.

And 2 times jumping around during COVID-19 = over a very short period.

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Re:Shorting Tether for Fun and Profit by BlueTemplar on Monday January 09, 2023 @06:16AM (#34309125)
The previous times the bubble popped : around $30, $300, and $3000 per BTC.

The ~$300 one immortalized in this parody music video :

"Blame it on MT.GOX" :

https://youtu.be/K2ku1A5Ox8U

(Note that this one was NOT about MT.GOX going bankrupt...)

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Re:Shorting Tether for Fun and Profit by NicoJuicy on Tuesday January 10, 2023 @02:01AM (#34321468)
And one of the biggest jumps in Crypto ( the one outside of Covid) was when banks jumped on it ( end of 2017 i think).

Now you are seeing the opposite: Eg. https://www.barrons.com/articles/banks-fleeing-crypto-bitcoi...

I'm not replying here again fyi. I don't care about crypto anymore ( went out at 2018 before the crash), I do care about others losing money :).

If you think it will rise again, fine. Go for it.

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