Following the waves in this larger cycle to see what's next
Comment:
It's still a fools game to bet against this fraud, for the sole reason tether keeps printing billions of fake dollars. Nobody saw this coming before they printed hundreds of millions of dollars, with a steady 15-25m a day, which so far correlated to a 1 on 1 pump since 2016 afterwards. You could also see this how exchanges are manipulating perception and removing entire sell side where once before were large asks, it's all removed, and all those coins move in big blocks away to be seen in any blockchain explorer. Coinbase is part of this as well as Bitflyer.
That being said, securities fraud is the least of concerns. This might end up with life long prison sentences for those behind tether, bitfinex, binance, kraken, okex, bithumb, huobi, etc. who partake in this, because we know from the court case that columbian drug cartels were served, so who knows what's more, like human traficking, financing of terrorist organizations, extremist groups and the like. This is way bigger than just a "ponzi" and Madoff ever was.
Next to that, their entire agenda is that against were this world is heading in the first place, so be thoughtful of things to come and consider any money to be lost when you play this game. Long term 'investors' should use common sense now and not enrich manipulators at 3x, but preserve capital and look for discounts after what's ahead of us.
Just my two cents and my opinions only.
That being said, securities fraud is the least of concerns. This might end up with life long prison sentences for those behind tether, bitfinex, binance, kraken, okex, bithumb, huobi, etc. who partake in this, because we know from the court case that columbian drug cartels were served, so who knows what's more, like human traficking, financing of terrorist organizations, extremist groups and the like. This is way bigger than just a "ponzi" and Madoff ever was.
Next to that, their entire agenda is that against were this world is heading in the first place, so be thoughtful of things to come and consider any money to be lost when you play this game. Long term 'investors' should use common sense now and not enrich manipulators at 3x, but preserve capital and look for discounts after what's ahead of us.
Just my two cents and my opinions only.
Comment:
^ Yellow line is tether marketcap, entire crypto marketcap consistently follows it.
Comment:
Note, the time frame is measured length of bear market, not necessarily a potential bottom, which is in another idea before this at ~18 oct 2019 (biggest potential) up to oct 2020 for a bottom formation, i.e. 2020 might not see prices of 2019.
Looking for a bottom formation with inflection price points in previous idea, while current idea has ew targets to reinforce once we get there.