Okay, I'll explain: let's say you're moving capital out of but you'd also like double your money.
- Put into XLM
- Jam XLM price higher
- Convert to Dalla Bills
16/
Post by twetch#7124
I mean that's pretty incredible - Np wonder I've been consigned to the world of staying poor, I'd never see that angle.
Well… except for right now when I just did.
But other than that, I really "don't understand crypto."
17/
What the chain says
- Block
- 668 981
- Time
- 2021-01-07T18:13:56Z
- Signer
- 19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#7124
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf VerifiedReplies (6)
Oh hey, while we're on the topic let's also verify that the capital extraction process makes XLM more valuable on certain exchanges like Coinbase.
Well, look at that: an extraction spike.
18/
But wait! Rice crispy treat for dessert too!
On some exchanges, you can see a direct USDT/USD pair. Let's look at one here, against BTC price:
19/
…and we can observe that Tether is more valuable when BTC is low, and less valuable when it moons.
Why? Impossible to really know for sure, but selling a crap ton of Tether to juice your extraction carrier vehicles would be one plausible explanation.
20/
Is it China?Is it Putin?Is Max Keizer Putin?Obviously I have no idea.
All I know is that “sunlight is the best disinfectant,” and that I dont like cheap shots at well-intentioned curiosity.
Particularly my curiosity because, obviously, I have issues.
20/