Beware of #Tether #USDT If you had $1000 USDT would you be …
Beware of #Tether #USDT
If you had $1000 USDT would you be willing to just hold it until the end of this month?
What use is a stop-loss in USDT if it's worth ZERO!
"It will be an instant drop from whatever market value exists to 0" #CSW
#BSV #Bitcoin
Replies
I hate this kind of propaganda meant to fud people into holding crypto instead of using usdt for trading. Yes, tether will fall. Yes, criminal exchanges will fall. Will they fall today? Unlikely. The price of BTC will reflect it before it happens.
Who said anything about holding Bitcoin/Crypto? It is meant to be USED! You know just like we are doing now!
If you are going to trade use a different method than Tether! I am pointing out that you could be left holding an asset worth ZERO.
yes, but this kind of post creates fear reactions in people that aren't healthy. tether is now part of the "crypto infrastructure" whether we like it or not. Any damage to that infrastructure will be reflected on crypto prices before anything happens.
They should be fearful! The "crypto infrastructure" you refer to is a scam, built around BTC, exchanges & Tether! Not warning people about this while knowing is disgraceful! This industry needs cleansing! And make no mistake it's coming!
yes, it is coming... but not before the current bull cycle ends. If it were to end in the next year or two the pattern and expectations would change. It is unfortunate but it is what it is.
"Bull cycle" It's market manipulation on an epic scale! What do you think will happen when Tether is seized? Watch this https://www.youtube.com/watch?v=pOVbOcCA1_A
Market manipulation exists in every single market. It is not possible to dictate every single move the market makes. It is only possible to stretch the spring.
Do you think Tether influences the price of the market? Honestly.
In every other market there is regulation in place to try and limit manipulation as much as possible. Why do you think everyone within BSV are calling for regulation asap.
It does. We can't know for sure that it's always tether pushing price at all times. I just know from the markets that this is not over yet and the time for "apocalypse" is not here yet. You will know when the time comes. BTC/USDT markets will warn us.
That's my point. We know it influences the markets. First it was 100% backed, now 74%. Their accounts will be seized, exchanges will be shut down & funds on them could be lost. This will happen swiftly just like it did with Liberty Reserve.
Nah, it's likely no longer 74%. They raised capital through the new bitfinex token and they were audited by a court. If something was going to happen, it should have already happened. The price of BTC would would reflect trouble for sure.
"completed a private sale of 100% of outstanding [LEO] tokens in exchange for 1 billion USDt worth of Bitcoin, USD, and USDt."
Notice that they say they sold their LEO tokens for Bitcoin, USD & USDT.
I wonder how much of each?? It's a time bomb!
It is a time bomb but trust me, you will see signs before the information goes public.