Chicken Genius Singapore | crypto news - tether will crash the entire market @ChickenGeniusSingapore | Uploaded July 2021 | Updated October 2024, 15 hours ago.
subtitles added
How much lower crypto can go after a 50% correction. Much lower if tether USDT explodes.
Links used:
coindesk.com/tether-first-reserve-composition-report-usdt
reddit.com/r/CryptoCurrency/comments/7ehi9s/usdt_tether_serious_warning
Exposing Tether - Bitcoin's Biggest Secret - youtu.be/-whuXHSL1Pg
Tether is the 3rd biggest crypto currency after Bitcoin and Etherum. Tether is a type of stable currency. Tether is suppose to maintain a peg of 1 to 1 against the US dollar. Meaning for every 1 Tether, there must be 1 real US dollar held somewhere in a bank. If the issuer of tether keeps printing tether without real USD. It’s like you having a money printer at home. For the short term, it feels freaking good. For the long term you will burn everybody who used your money discovering it’s fake.
subtitles added
How much lower crypto can go after a 50% correction. Much lower if tether USDT explodes.
Links used:
coindesk.com/tether-first-reserve-composition-report-usdt
reddit.com/r/CryptoCurrency/comments/7ehi9s/usdt_tether_serious_warning
Exposing Tether - Bitcoin's Biggest Secret - youtu.be/-whuXHSL1Pg
Tether is the 3rd biggest crypto currency after Bitcoin and Etherum. Tether is a type of stable currency. Tether is suppose to maintain a peg of 1 to 1 against the US dollar. Meaning for every 1 Tether, there must be 1 real US dollar held somewhere in a bank. If the issuer of tether keeps printing tether without real USD. It’s like you having a money printer at home. For the short term, it feels freaking good. For the long term you will burn everybody who used your money discovering it’s fake.
