According to the company, Tether is backed 1:1 with the U.S dollar, although this isn't actually the case.
Bitfinex, and Tether have refused to show audits of their reserves, which is held in offshore bank accounts.
Tether Price Manipulation Thread:
Tether has been manipulating #Bitcoin's price upwards for years now by printing unlimited, and unbacked $USDT.
This thread will cover the controversial aspects surrounding Tether, and how it will eventually meet its demise.
According to the company, Tether is backed 1:1 with the U.S dollar, although this isn't actually the case.
Bitfinex, and Tether have refused to show audits of their reserves, which is held in offshore bank accounts.
In a court hearing, Tether's lawyer admitted the stable coin was only backed by 74% cash, and securities.
These documents will be consequential to the case.
https://t.co/82UuLLLXWK
Tether can print infinite amounts of (worthless) $USDT.
They then inject this into BTC, ETH, LTC, (and others) to cause prices to pump.
Notice how during the months they stopped printing Tether, the market moves sideways or drops significantly.
Without USDT, Bitcoin wouldn't have reached 35K+
CC: CryptoWhale
When Tether ultimately meets its fate, the market will see a major correction as the lawsuit highlights how BTC isn't actually worth the insanely high prices you're seeing now.
The Bitcoin bubble will likely pop, and see large amounts of its market cap disappear in the months following Tether's demise.
Once this scheme is made aware to the general public, I believe it will be one of the largest scams ever.
You can read more about it here:
https://t.co/ThDD22v09v
Don't underestimate how much influence Tether has in the crypto markets right now.
Without them, everything would drop.
- Exchanges will stop withdrawals
- Trading will be paused
- Investors will panic
- Prices will crash as people try to sell.
One of Tether's lawyers accidentally admitted that they were purchasing Bitcoin with their reserves.
This confession here confirms what me and others have been saying about Tether.
But educating yourself on whats happening is vital. I'm a huge proponent of Bitcoin, but this isn't sustainable.
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Option Trading is very difficult to master as there are so many things to understand.
Here is a master thread related that will help a beginner to understand about Options Trading.
A complete course worth Rs 50K for free.
1/ A detailed thread on basics of Option Greeks and how it impacts Options
2/ Basic Option Trading Strategies:
There are many option strategies to trade. But keeping your strategy simple is the key.
In this thread, all the basic option trading strategies are being
3/ What are the things that you should look at before taking any Option
4/ Is Option Selling Possible with Rs 1 Lakh Capital?
Even a beginner can start trading in option selling with capital as low as Rs 1 Lakh.
What are the techniques one can use and how to mitigate the infinite loss risk is shared in this
Here is a master thread related that will help a beginner to understand about Options Trading.
A complete course worth Rs 50K for free.
1/ A detailed thread on basics of Option Greeks and how it impacts Options
There are various Options Greeks like: Delta, Gamma, Vega, Rho, Theta.
— Yash Mehta (@YMehta_) September 4, 2022
A complete guide on how these #Option Greeks impact option price.
2/ Basic Option Trading Strategies:
There are many option strategies to trade. But keeping your strategy simple is the key.
In this thread, all the basic option trading strategies are being
Option trading is tough but here\u2019s what can make it easier for you
— The Chartians (@chartians) September 17, 2022
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A thread on Risk management and Position sizing in options trading (worth 50k\u20b9 course)\U0001f9f5
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101 guide on how you can start option selling to generate active returns with less capital (Rs 1 Lakh) \U0001f9f5:
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This is NONSENSE. The people who take photos with their books on instagram are known to be voracious readers who graciously take time to review books and recommend them to their followers. Part of their medium is to take elaborate, beautiful photos of books. Die mad, Guardian.
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN
If you come for Bookstagram, i will fight you.
In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
Beautifully read: why bookselfies are all over Instagram https://t.co/pBQA3JY0xm
— Guardian Books (@GuardianBooks) October 30, 2018
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN
If you come for Bookstagram, i will fight you.
In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹
I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹
I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):
The famous \u201cLucy\u201d, an early ancestor of modern humans (Australopithecus) that lived 3.2 million years ago, and was discovered in 1974 in Ethiopia, displayed in the national museum in Addis Ababa \U0001f1ea\U0001f1f9 pic.twitter.com/N3oWqk1SW2
— Patrick Chovanec (@prchovanec) November 9, 2018
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹
