We could start another thread specifically on that. I got caught high today. Market turned, not just our friends. Should be temporary.Bitcoin is below $67K and MSTR is down, party has been cancelled
Will stop the MSTR thread spamming, but in the spirit of the thread title, could be a good opportunity for the bears to short MSTR as proxy for shorting the crypto market
Shorting the Crypto market
- Thread starter DallasCowboysFan
- Start date
You can play perpetual futures.
Sounds like a plan, however, I fail to understand why shorting the futures contract won't. Isn't the volume sufficient to establish a short position?
As I mentioned 2 issues:
1) Short margin is insanely high.
2) With puts, you risking premium and that is it, shorting BTC when Tether is out there is not for the fainted of heart.
I do not see anything yet on horizon just yet that would make me getting those puts. My main candidate for shorting is MSTR.
MSTR is a crazy beast not for the faint of heart either!
I wonder who can get some USDT (Tether) without any fiat money? Unless that is possible, Tether is not inflating the crypto market. I do not know a way to get Tether without depositing real USD, maybe someone here can tell me how?
Learning is powerful, knowledge and information is powerful, but sometimes we realize that we donot know whether we know the full information. That is when we follow the trend and have an exit strategy when the trend turns. This will make millions, keep fighting against the trend will make salty dudes.Tethers are fake money that are treated in crypto world as if it is USD. They were created around 2014, and for years lied that every tether they release into circulation is represented by 1 USD in their bank account. Once this fraud was exposed, they new lie is that they are backed by some commercial papers, and reality they only have a 3% of cash to represent 70+ billions they printed.
This is where it gets interesting, with 70 billions they would be within top 10 commercial paper holders in the world, however not a single commercial paper desk (and it is small group where everyone know each other) have ever seen them trading a single commercial paper.
And this fake shit represents 70% of crypto daily volume.
Essentially they behave like "Crypto Fed" and just print fake money to push Cryptos ever higher. most were printed over last year pushing crypto to ridiculous levels. They back to minting a billion every few days again.
Here are just few articles, there are tons of others:
https://www.bloomberg.com/news/feat...-the-69-billion-backing-the-stablecoin-tether
https://hindenburgresearch.com/tether/
Now ask yourself, why would anyone short such market, where fake money keep pushing market cap ever higher??????????
Where it gets sad for me personally, is that knowing the above, I thought they would be shut down any day, and this would absolutely crash Crypto market, and this is what kept me from inventing into it. Oh well.They recently had to pay measly 41 million for lies around 2016, imagine how empowered they are now.
that is the irony you can not get USDT Unless you exchange it for fiat. But boys who create it out of thin air certainly can, since they are the ones creating it out of nothing.