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Showing posts with the label tether

GME Infinity Squeeze or Market Crash?

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(S & P 500 Comparison Now to 1987) I see many comparisons to the 1987 flash crash. The signs are visible everywhere. Some headlines include: Supply Chains Broken Possible China Bankruptcy US Civil War Looming Tether Likely Backed By Chinese Commercial Paper And more I wouldn't mind if Crypto took a 90% haircut to weed out the malinvestment. It has happened before and will happen again. Trading is hard, don't you think? Bitcoin has died “402” times. And many Crypto projects will die if we do get the “haircut”. The markets are full of fraud. As a result, people will suffer. If you need more evidence of this, search for “Reddit Mental Health”. We are now in a bear market. When the big crash happens, it will be fast thanks to high frequency traders. Your stop loss won't work. You will take on excess stress and insomnia. It's time to get out now. Stagflation is happening before your eyes. Maybe participating in these markets was a bad idea. Idiot traders bought the dip.

Crypto’s Inevitable Crash

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In  their current state, cryptocurrencies are doomed to fail. This isn't an uncommon sentiment either, there are plenty of different crypto blogs that share this opinion. The crypto market is becoming more and more intertwined as well as getting more and more inflated. It’s looking to be a giant bubble that’s bound to pop, and pop soon. One of the many reasons crypto is doomed is the prevalence of Tether throughout all the coins and its fraud. For those of you who don’t know what Tether is, it is a cryptocurrency that is designed to facilitate the use of fiat currencies in a digital manner . Tether tries to achieve this by making the coins price always equivalent to $1. Coins that operate in this fashion call themselves “stablecoins” to show that it is less volatile than bitcoin where the price of a coin can fluctuate thousands of dollars every day. Tether also insures that their coin is backed by the reserves they own, although they use shady language in their FAQ when it comes to