The Case Against Tether (USDT) And Stupid Crypto Mass

Tether doesn't exist.

USDT is video game money.

It is not even consuming cotton-paper and ink with all security that USD does (fiat).

It is backed up by probably NOTHING.

When the mass realizes that... I am afraid of how strong that dump might happen.

Currently the price difference between Bitfinex and Bitmex is $350... with Bitfinex having a higher price obviously as it wants to exchange shit tether for bitcoin.

When people realize that - the panic will start. The money will flow out through more holes than on a swiss cheese.. and where you will be?

PREPARED!

Follow Premium for timely action on what to do to prepare for the upcoming CATASTROPHE, or at least follow this free warning to think about your positions. 

The timeline on this is unknown. Yet 2 BILLION Tether printed. Exchanges might become illiquid.

First step, start trading more on exchanges that use TRUE USD or other stable coins. As true usd I mean real dollar. Although tusd is also good (not usdt!).

Plan your action.

If you don't have time for shit trading in and out, actively... I'd definitely do the following:

now the price is $5500 - I'd cash out and wait for price of 7k+ or 3k- 

easily waiting in hard paper money... jerking off.. if it is going over 7k you'll have time enough to enter and participate in any bull run. If it is going below... you'll save yourself from disaster that can show us how deep the rabit hole is.

I am not happy to be famous of these accurate and timely warnings. I do have to warn though.
I am perma-bull, perma-optimistic, however realistic and responsible side of me has to tell you what I see. DYOR. Cheers!

P.S. The timing can be anything between now and next couple of months. We will probably risk and wait for our premium positions to play out properly before doing anything. However, any money that is in crypto for you more than you can afford, get it out. We will follow up on this story closely. And it is not violated regardless of even if $1,000 green dildo comes tomorrow. Majority of exchanges traded with usdt, it is a catastrophe of epic proportions, stronger thant bitcoin cash mining bs. Stay tuned...


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Comments

D Man
  • 122
6m ago
This is one of rare situations where I reserve the first comment to update you that MANY prominent coin makers, insiders are already (within minutes!) of me publishing this contacting me and saying either they FULLY agree with me or that something is stinking heavily with Tether. You are a Blockchain Whispers member, you're not a fish. Don't be a fool, plan proactively. Love you. Hold together, hold tight.
dsl
  • 47
6m ago
D Man, you say you are perma-bull. What will happen with BTC, when stock market crashes (in no later than 12 months)?
D Man
  • 122
6m ago
depends on timing, but it's good for crypto.
dsl
  • 47
6m ago
Some analysts say that the first months after stock markets crash, BTC will tank as well, but after that people will start to hedge and buy BTC. So basically you agree with that, right?
edy
  • 61
6m ago
I don't think so.
MTZ
  • 211
6m ago
What about the story it's backed for 74% ? U think that it is just another story to fool us? Not on finex and don't have usdt, since your first notice here on the site(thx for that), but find it interesting how things are/will developing
D Man
  • 122
6m ago
100-74 = ? 26? 26% out of two billion you wouldn't want? It isn't a pocket change in crypto.
gtw
  • 110
6m ago
D Man , last time with same tether FUD, BTC pumped crazily .. everyone in USDT moved their fund to BTC. This will cause BTC to move higher. How come you're predicting the dump on this issue?
Profiten
  • 306
6m ago
Agree with that, and why they will dump again to have shady teter.. other stable coins cant backe that huge cashflow.
dib
  • 97
6m ago
I think this alludes to a tether extinction event, not something we have had before. Think of the mass hype, when everyone says tether is worthless. Everyone rushing to cash out tether at once, which leaves exchanges with tether that is considered worthless.
D Man
  • 122
6m ago
Sure, it goes up - even right now Finex is pumping the price of BTC - and how high they will pump it I don't know - but that is weakness as you're buying something with nothing. All comes down to news delivery. If this news is delivered openly not only will btc dump but will also be a collapse of some illiquid exchanges. We can go up before that, sure. Although I don't think much up.
hvm
  • 13
6m ago
I think what he is saying is that pump is short term and could be why with all the super positive sentiment btc isn't even higher. Meaning when/if the fear strikes it will hit hard. I personally believe if the 76 percent is true then that's pretty solid. If not then well best case is people wise up to usdt and use other stables for their horses.
bsq
  • 363
6m ago
Main FUD of the problem has already hit the market. If there is no more negative news on this tether thing, i think we will continue the bull trend. If we are only looking at the tip of the iceberg, then shit is going to hit the fence
D Man
  • 122
6m ago
That, unfortunately is not true. FUD stands for fear uncertainty doubt. What will happen when they realize that for fact USDT was funny money? Would you give your house for 100k of MadeUPToken ? Delivery is everything. How this develops. So far still speculation with more and more proof not in the news you follow... I wrote this article because there is more and more news and proof on BLOCKCHAIN! I gave you FIRST warning about tether and bitfinex before major news outlets caught to it. Now I talk about something else --- blockchain trails of finex usdt and btc.
dib
  • 97
6m ago
Damn.... wouldn't an incident of such proportions be super bullish news for working DEX projects? Makes me already regretfull not going into EFIN...
D Man
  • 122
6m ago
haha, yes. However we can't predict precisely enough which way the news will be delivered if the assumptions are correct. We play it only safe. Great thing about EFIN is if btc falls it is a profit for efin EUR buyers... and if it goes up it's still protected and efin price is already +50% vs what you bought at so great position imo.
b28
  • 170
6m ago
Hey Boss can i tweet this article?
D Man
  • 122
6m ago
Absolutely. Thank you.
Mok
  • 287
6m ago
I think that's a pretty solid edge ...for FREE! Thanks, D Man!
D Man
  • 122
6m ago
You're welcome brother!
hve
  • 62
6m ago
I don't think that usdt crash soon, there are enough big Players that benefit a lot from usdt.
D Man
  • 122
6m ago
Bigger players benefitted from the housing market in 2008 and yet it still collapsed.
hve
  • 62
6m ago
Yes, agree, but if I look what big Fiat money did in 2008, and what big crytpo money do now, then I can lean back and relex.
hve
  • 62
6m ago
I'm relax because it's not time for many financially weak people to borrow (K) to buy Crytpos, hoping to sell Cryptos later for a profit. It's not that cryptos lose value as interest rates on loans (K) rise. People do not have to sell all their cryptos to repay at least some of their credits, which would otherwise have affected the crypto prices.
And by the way, Fiat's money was covered in gold until Nixon completed the gold standard. Now Fiat is covered by trust in God, army and oil. So why should it be a problem if usdt is not fully covered with usd? Here can the same happen as with gold and Fiat standard. Actually i no see any difference between FED and bitfinex theter, for me it's same same.
bsq
  • 363
6m ago
Shouldn't the market reacted to this already? I'm a bit confused...
dsl
  • 47
6m ago
By this you can judge how strong the bull sentiment is :)
ri
  • 80
6m ago
Anyone who hasn't traded out their USDT holdings for ANYTHING other than USDT is either DONKEY STATUS STUBBORN or JUST PLAIN DUMB! What's the incentive for someone to hold and defend USDT when there are MANY SAFER CHOICES out there!? Just get yourself back into fiat cuz at this point, that's a MUCH SAFER BET then USDT. Lol Hey D Man, thank you for the continued support. Wish I was able to afford to buy back into premium, gonna miss having the resource whenever times like this arise. I didn't know you started charging again until recently as I had to take a 2+ week break from everything crypto for personal matters. Out of curiosity, did you post about premium going back to paid that you could direct me to just so I can catch up? You've been like a faceless mentor for me over the last 1.5yrs and I don't take that for granted brother... I'm super grateful for everything I've learned from you and the rest of the BCW team... Have an excellent day my friend!
ra
  • 456
6m ago
it was little over a month ago mate ;)