Bitcoin: The Robot Taxi Driver We Didn’t NeedWhy Blockchain Is Driving the Future Without It
In the 1990 sci-fi classic Total Recall, Arnold Schwarzenegger’s character hails a futuristic taxi only to be greeted by “Johnny Cab”—a creepy, clunky robot driver that awkwardly talks while struggling to navigate.
Back then, audiences imagined a future where robotic taxi drivers would be commonplace. But instead, we got something far superior: fully autonomous, self-driving cars that render robot drivers unnecessary.
The same is happening with Bi
USDTUSD
TETHER is becoming increasingly more unstable.Tether is the biggest Ponzi scheme in the history of crypto and is becoming increasingly more unstable every day. USDT is subject to many factors, such as the rising and falling value of the dollar and the constant increase of Tether into Infinium to manipulate the price of other cryptocurrencies that are solely reliant upon USDT for purchase.
I do believe that we will see a day in the very near future when Tether (USDT) will collapse and lose the vast majority of its value overnight, much like
Keep an eye on USDT/USD pair I have been checking USDT/USD pair since last weeks, and already had some thoughts that something is coming, before the news came out about Huobi. Honestly, I was expecting that something will happen to Binance, but...
Currently, Important price level on USDT is 0.9898$
Breaking below, may lead the price lower.
Ofcourse this will affect negative on Crypto Market.
FTX crash dropped USDT to 0.97$
I believe that it will be another negative move to scare people.
USDT Tether 82.45% of the reserves held in U.S. Treasury bonds !SIVB SVB Financial Group suffered the most severe bank run since Lehman Brothers for selling bonds at a $1.8Bil loss just to raise cash!
They had one of the worst possible yields as well: 1.79.
USDT Tether said on Dec 2nd, 2022, that its equity is expanding swiftly, with "82.45% of the reserves held in U.S. Treasury bonds and other cash equivalents."
What yield do you think Tether has?
I think we are about to witness USDT Tether`s collapse.
Stablecoins Depeg: Twist of Events, Banking CrisisHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that on your bingo cards for 2023...
In the past few weeks, there have been two significant bank failures in the United States that hav
G
USDT Casino Collapse is imminent here's my proof --Be Warned--
Right I just got some time to get around looking into Tether after recent events, and I have to say I have never seen such an uneducated community get fooled by a "Merkle Tree" proof of reserves?
---Problem one---
The Binance CEO states a Merkle Tree is the best way to prove user funds, why does this not work? There is ZERO way's to check if multiple users are allocated the same USDT (Tether) on their trading accounts or balances.
People hold balances on exchanges for insane APY returns that
Tether - The ominous precedent and another scapegoat?The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether (owned by Bitfinex).
Already back in July 2021, Jannet Yellen, the U.S. treasury secretary, summoned Jerome Powell and the head of th
USDTUSD points out BTCUSDT price directionhi there, fellows.
we've noticed a very peculiar relationship between USDTUSD and BTCUSDT pairs.
since late june USDTUSD prices have served as gauge to short term future moves of BTCUSDT.
notwithstanding, we're at the longest divergence between the two within this period.
that hints us to expect a near term up move on BTCUSDT to the mid of the channel, at around 23k, 23k5 within this week.
it's absence might mean that this relation have been broken.
we're not considering BTCUSDT driving USDTUSD
Tether - A word of caution over Tether stablecoin safetyIn our previous posts, we warned about de-pegging of the Tether stablecoin from the U.S. dollar. The precedent was set when Luna stablecoin fell 99%, spilling to other tokens and temporarily breaking the peg between the USDT and USD. With the recent crash in the cryptocurrency market, we remain very pessimistic about its outlook.
Illustration 1.01
The picture above shows the precedent that took place on 12th May 2022. The Tether token can be seen losing almost 6% of its value against the U.S
USDT de-pegging ?!?!?!This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
USDt dominance down - BTC pump?The triangle stock pattern is a versatile chart pattern that is viewed as a continuation pattern and a reversal pattern at the same time.
Looks the triangle broke and that trend line as well. When USDT dominance is going down to the support line, Bitcoin prices going higher and vice versa. USDT Dominance is showing a strong convergence signs on 2h or 4h time frame. We will have to see how it settles over the next couple of days to figure out where it is going from here.
U
USDT case - Do we trust this stable coin?USDT has been The stable coin in which everybody has put their trust and confidence to maintain part of their crypto assets is a stable coin. Well, USDT has fallen by around 3%. From 1 USD for every USDT to 0.97 USD for every USDT.
As we can see in the chart, such an important variation hasn´t taken place since October 2018, date in which USDT/USD had a variation of around 8% in 5 days.
The cryptocurrency currency created by the exchange Bitfinex is raising more and more doubts. It has recover
Tether - the string that ties all the cryptos together!Congratulations to Tether! Now a top five coin, it reached as high as #4! Can it become a Top 3 Coin?
This is the coin to watch! If it reaches #3, it will surely be a landmark moment in Cryptoland! This will mean that something spectacular has already happened, or is about to happen!
BTCUSD: USDT correlationEvery time, when Tether was well below 1$ level BTC suffered (see red ovals). And as soon as USDT was coming back above 1$ mark, bitcoin grew.
Now we have that orange area, when USDT is cheap, but it seems to be closing to 1$ level again. In any case, worth keep an eye on that.
Not a financial advice.
Tether (USDT): Oversold and finding supportAnalyzing the Tether Price from Kracken, where according to cryptocompare , 90% of the volume derives from. The stable coin everyone's talking about that dropped 15% against USD. Will it tether back to $1?
Tether is finding support at the early 2018 levels of $0.94. It is currently 4.6% away from it's $1 value.
Daily TD Sequential is on a 9, hinting a reversal is due, with RSI deeply ovesold at 18-month record low of 7.5.
2% stop loss is set below the daily low of $0.9428. If it falls
BTCSHORTS Got Hammered!USDT FUD???
Crypto community's believe that Tether does not have a real amount of $ backing USDT, about which BitFinex, Tether’s partner exchange, is already aware. And while USDT is one of the highest volumed cryptocurrencies, the exchange couldn’t handle the capital flight towards Bitcoin, resulting in a huge drop but BTC pump.
This seems have started with kucoin exchange
As per a tweet on KuCoin’s official Twitter handle, the firm has announced that it will be temporarily suspending all US
BTCUSD, USDTUSD. Any relationship? Some interesting developments on Tether. Tether is such a dumb subject. So many conspiracy theories and everyone is an expert. Literally no one here knows what is going on behind the scenes. Nefarious or not, there does seem to be some relationship between BTC price and the USDTUSD ratio. However there is not too much history to go on and examining history is statistical anyway. So this is just for interest purposes.
Firstly high volatility periods in BTC seem to correspond with high volatility
TETHER CONFIRMED SCAM - TETHER ESTAFA CONFIRMADAThe fraud has been confirmed, all are coming urgently out of tether the coin created by bitfines (from now mtgox 2.0) if you have tether pass to bitcoin or any other currency.
Se ha confirmado el fraude, todos estan saliendo con urgencia de tether la moneda creada por bitfines (desde ahora mtgox 2.0) si tiene tether pase a bitcoin o cualquier otra divisa
BULL RUN FROM - USDT - PART 1 => 236% PROFIT/2017Hello Followers,
There is a very interesting fact going on that could be an indicator of a Bull Run.
If history is about to repeat itself, market could be close to a big move up. Last time this move happened later on there was a huge profit of 236%. Incredible.
This is part 1, I will post later Part 2.
Very significant correlation between USDT/USD and BTC/USD.
We are posting it here because big drops on USDT started.
Check next chart.
Always good to give information to my followers.
Th
The Tether Argument - USDTBTCHi everyone.
I wanted to have a discussion (or at least express my personal views) about USDT/Tether here, looking at the pros and cons of having USDT in the cryptomarket.
In terms of TA, the chart itself has just the Fib lines only. I selected two points on the chart and both are inverse as the value of USDT is being measured against BTC here. If the second point from mid-July is taken into account, then USDT is touching the 0.236 fib line. It can very well go to 0.382 or 0.5 value, wh























