This might take a few tweets to get out.
1/ The ICO boom in 2017 and the altszn in early 2018 were unique in that crypto was a largely unregulated space where countless fools were getting lucky on the bad luck of greater fools. This was largely fueled by Ethereum and the ability

Prepare For The Biggest Bull Run In Crypto EVER.

I made some charts explaining the long term trend of #Ethereum and how identical it is to the early #Bitcoin cycles.

It's very obvious what's happening and has been in the charts for months.

I call this pattern the, "4 Year Bowl."

New years are a time of market shifts both bullish and bearish. Each cycle goes through 4 years of this rounded accumulation pattern. After year 4 we start 1 year of parabolic rise.

When you take a look at the same principle with the last #Bitcoin cycle you get almost the exact same outcome. Only difference is Bitcoin usually tops at the first of December and not January.

The 4 Year Bowl is identical with Ethereum and Bitcoin

When you lay them side by side you get a pretty insane correlation. The fact $ETH accumulated for 2 years at that range low makes me feel as if the parabolic rise will happen faster than everyone thought.

Look how identical it is to the last $BTC cycle. Who could argue against?

S/O to @BobLoukas for teaching me how cycles work. I was one of the first members on @BitcoinLive1 and Bob was the only person I listened to. True Legend.

So... How does "4 Year Cycle Theory" work?

Measure from peak low to peak low. Each cycle equals 4 years in distance.

1/ Fear and Bitcoin.

Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through “Fear, Uncertainty, and Doubt” or what we Bitcoiners have nicknamed “FUD.”

Some thoughts on this super inaccurate piece.

tl;dr: this is not a defence of Tether/ iFinex, who I would like nothing more than to see disappear into irrelevance. However, most of the conclusions here show zero understanding of crypto market

1. First up: it’s completely inexcusable that Tether refuse to have a 3rd party audit. I can’t find a single good faith reason for this.

Bitfinex GC recently did a superb job of sidestepping that question on WBD:

2. For better or worse, USDT (tether) started as a way for people to move fiat between exchanges (a major problem) in the absence of the ability to onboard banking partners, none of whom wanted to touch crypto. USDT is now the dominant stablecoin by mkt cap & liquidity.

3. As a result of the difficulty of having a fiat on/off rail, many exchanges, like Binance, chose to be ‘crypto only’, using stablecoins in lieu of fiat. This is why the majority of inflows into BTC (article says 70%) is via USDT

4. Unbanked exchanges are in aggregate larger than banked ones. This is true, but it’s not because of a giant conspiracy to steal your BTC. Being unbanked = real regulatory arbitrages (lower cost + ability to innovate fast), and lower barriers to entry means there’s more of them.