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Exactly. Customers borrow against Bitcoin to get more USDT. That is the allegation. And the suspicion has been confirmed by none other than Mashinsky(Tether lent money to lender Celsius which went bankrupt). Also years ago they were being questioned how can they issue Tethers when banks are...

70% of entire crypto volume is traded against Tether. Tether is a stablecoin which claims to be backed with USD or USD-equivalents for every Tether issued. They print Tethers out of nothing(people give them crypto for collateral) and Tethers are used to pump the prices. Price going up causes...

I am not doing bets because these bets are mostly ego-driven(trying to be right). Unless if there was an extremely favorable risk-reward or high probability in my favor. The market moves slowly... I don't want to just short randomly when they can just print Tethers out of nothing and pump up...

You wish. Before you know it, the ETH spot ETF will get rejected and the market will rug down hard. BTC towards $50K and ETH towards $2000s. This has nothing to do with the ETFs, but news like this are opportunities to flush the market without spooking the investors (you want them to continue...

Another $1Billion Tethers have just been printed out of nothing to pump up the price of Bitcoin. The ponzi scheme couldn't be more obvious even if they tried. Meme coins are going to be a hard play(if they work at all). Right idea + wrong timing = wrong and lose money

I DESPISE this space. Having that said, what are some interesting meme coins at the moment? Because what i am seeing right now is people talking about how bearish they are on meme coins. (donalt on crypto for example, and also seeing others) But then at the same time the GME degens are eyeing...

I congratulate everyone who pulls money out of this trash ponzi asset. But the ones who call for $1M bitcoin and try to sucker new people into this cult are the culprit of this mental plague. If you admit that it's a ponzi-fueled pump and dump bubble and you are just trying to make money off...

This is one of the reasons for this craziness. It's money managers playing with other peoples money. No responsibility whatsoever. Investing into magical internet money. These people should go to prison. Remember when 3 Arrow Capital used customers money to buy CryptoDickButt NFTs and then...

For it to be wrong, we need to set a timeframe or target or some point of reference; 1.) I am wrong if it goes to $100K before $10K. 2.) if it doesn't collapse in 1-2 year time 3.) if Tether gets a legitimate financial audit and their financials are clean and it's fully backed. I said it could...

What's going on Bitcoin bros? Even copper is outperforming Bitcoin at this point Is something broken?

obvious manipulation, slow grind up on low volume to sucker in more naive buyers before the rug gets pulled I want to short this badly but there are no clear signs and it just keeps going up so unsure what to do.

On Binance futures spread is 0.1$, which is the minimum (if that's what 1 tick means). For me the hardest to trade is when the market is trending strongly. If i am not in the trade before the move happens, i don't know what to do (even though i know the market is moving strongly). Because...

Somebody said delivery services are a good indicator. And that's one hell of an ugly chart on 12 month timeframe. Major, major top. Save yourself.

Apple looking weak. Nice exit pump on the buyback announcement. Get out before it's too late.

It's over. Sell everything.

I am sorry to burst your bubble but this looks like such a (macro) top. It's over. Pack your bags. Sell everything on these exit pumps. We came for a decentralized digital revolution. But we find out it's all about number going up and meme coins. The meme coins are showing us the reality of...

Nah... Charts say otherwise. Dollar is strong against all other currencies. As stock market crashes, dollar gets stronger. Instead of buying ponzi stocks, they can just use the printed money to buy the ponzi debt. You don't think the government will screw over the people to save itself? haha!

People short on leverage and get liquidated(their shorts become forced buys) if price goes against them. BTC market is relatively easy to move so it's like free money, just print the price to $70K and it's guaranteed $10B of buying pressure from forced liquidations alone + potential real...

I said that there are a lot of uncertainties and market hates uncertainties (Taiwan, middle east, banking crisis,... I don't know what it's going to be, but something that causes panic) What happened during Covid? How could the market go down then? It can go down in these sharp dumps when even...

I am not short yet. I did say to myself yesterday that the context was now to SHORT STOCKS.. But then today i did not jump in on that dump (am not that good). Maybe would have gotten screwed as it reversed pretty quickly anyways. If you are trading short term you can only go with the trend...