TETHER PRINT 1.53 BILLION USDT OVERNIGHT FROM THIN AIR!
I spy with my little eyes Tether printing 1.5 B, yes BILLION USDT out of thin air.
Not only are the central banks printing unlimited FIAT to keep the economy afloat, we too are seeing USDT just being minted out of thin air in the Crypto universe. Now supposedly this is backed by 1.5B in Fiat US dollars but after seeing how shady Tether has been in the past, I personally highly doubt this is the case. Even if it is backed by fiat, that too was created with a click of one button so what difference does it really make?!
How coincidental this happens to be on APRIL 1ST LMAOO this whole thing really is a joke
I would not be surprised at all if we see extreme volatility and more pump and dump action come into the market in the very near future. 1.5B USDT is more than enough to give the market a good shake because remember that 1.5B USDT is NOT the same as 1.5B in market capitalisation.
For me personally, my plan remains the same. Sit back and watch this all play out, let this market properly bottom and let BTC form proper bottoming structure before going risk on.
Guys NEVER forget the 3 basic principles of trading and investing:
1) Preserve thy Capital
2) Protect thy Capital
3) Grow thy Capital
Or in other words…
1) Don’t lose money
2) Make Fucking sure you don’t lose money
3) Grow your money
These markets were made to take your money NOT make you rich. Never get so caught up in the 3rd principle that you lose sight and disregard the first 2. Without capital, you have no game left to play!
With that said guys, I’m very curious what’s your opinion on all this, how do you think this will impact the market? Be sure to let me know in the comments below!
If you liked todays little lesson and want more from where that came from please show some love by hitting that follow and like button!
Not only are the central banks printing unlimited FIAT to keep the economy afloat, we too are seeing USDT just being minted out of thin air in the Crypto universe. Now supposedly this is backed by 1.5B in Fiat US dollars but after seeing how shady Tether has been in the past, I personally highly doubt this is the case. Even if it is backed by fiat, that too was created with a click of one button so what difference does it really make?!
How coincidental this happens to be on APRIL 1ST LMAOO this whole thing really is a joke
I would not be surprised at all if we see extreme volatility and more pump and dump action come into the market in the very near future. 1.5B USDT is more than enough to give the market a good shake because remember that 1.5B USDT is NOT the same as 1.5B in market capitalisation.
For me personally, my plan remains the same. Sit back and watch this all play out, let this market properly bottom and let BTC form proper bottoming structure before going risk on.
Guys NEVER forget the 3 basic principles of trading and investing:
1) Preserve thy Capital
2) Protect thy Capital
3) Grow thy Capital
Or in other words…
1) Don’t lose money
2) Make Fucking sure you don’t lose money
3) Grow your money
These markets were made to take your money NOT make you rich. Never get so caught up in the 3rd principle that you lose sight and disregard the first 2. Without capital, you have no game left to play!
With that said guys, I’m very curious what’s your opinion on all this, how do you think this will impact the market? Be sure to let me know in the comments below!
If you liked todays little lesson and want more from where that came from please show some love by hitting that follow and like button!