Still extremely overvalued, my opinion only. The current price is $3,150 (they had 2 splits 5x and 3x). PE is around 67. Once/If PE gets into 20s, I personally planning to buy.
No this is the argument, and judge was very friendly to Coinbase. Imagine what floodgate this will open if Coinbase wins. Anyone tech savy will begin launching their own crypto :D
That is actually quite big. So they should pass audit without any issues.
So why not do and audit. Apple with trillions in valuation and hugely popular products “only” has like 150 billion in cash. Few guys at tether seeming close to it as well:D
Most saw spectacular raise of BONK on Solana. That made me think about other chains
Take a look at Injective, looks interesting. Perhaps we can discover interesting L2 on it.
I went to dark side a long time ago, according to my friends, when I switched from charcoal grilling to propane:sneaky:
Here, as a trader, looking to trade volatile market.
The fines they paid was less than a slap on the wrist.
Original claim every tether is backed 1:1 with USD - proven lie that they themselves admitted
Then we are backed by commercial paper - proven lie by Bloomberg
Current claim - we are backed by T Bills. Most probably is a lie as well
That...
Who said investing. I am talking about trading.
if Tether proves not be a fraud, I will begin investing. Until then just trading, apart from some Ether.
would love to hear why you trust Tether after they got caught lying multiple times.
No one is required to do anything. This is public forum where people exchange ideas and opinions.
I have valid concerns about Tether as the whole crypto valuation depends on lying unaudited entity that printed 93 billions tokens with no oversights.
One of the things where crypto stands out is insane volatility. Let's share ideas and coins where explosive move might be coming.
I will start with Manta Network. They will do air drop, but want USDC or ETH to stake.
100%. I never had issue with crypto in fact I like it a lot. I am a tech geek deep
Inside :) The only reason I only own some Ether is due to USDT potential fraud. Otherwise I would have put a lot of my money into crypto.
Tether got caught lying about their initial claim that every USDT is...
ask yourself a simple question. We have 93 billion of printed tokens and not a single audit in 10 years Does it look shady? Especially when whole crypto market value is based on it.
Tether said they hired BDO Italia (very reputable firm) to do audit in August 2022. We are in January 2024...