Tether FUD - Critique a different opinion - I may be wrong but find out for yourself
I know everyone here loves to hate on tether but I feel another opinion on tether should be made since a lot of people use tether. I use tether but also understand that their business model is unsustainable at first glance. Tether is used by pretty much every exchange and has had 2.3billion dollars of transaction volume for 3 months now. Thats 90 days. Given .1% transaction fees, USDT generated a net of 207 million dollars in exchange fees for the past 3 months. These new exchanges adopting tether are most likely "buying" tether from bitfinex which allows bitfinex to create more tether since money is being added to their overall "reserve." I know there hasn't been a recent audit but, in my opinion, its because banks have been trying to stay away from people/exchanges that are generating a lot of money from cryptocurrencies so no official audit can be given. Now this isn't giving grace to bitfinex since it is sketchy they haven't atleast addressed the problem. Given the price "surge" of bitcoin and no official BTC/USD pairs, it makes sense for exchanges to adopt USDT for the time being for people to "lock-in profits," just like a stock exchange. Given the amount of money these exchanges have made (or can make) from owning their personal exchange cryptos (ie binance coin) and other cryptos in their portfolios, enough money is surrounding the sphere of exchanges that a "temporary-fix" for locking in profits, USDT, is viable in terms of opening the crypto space to more investors. USDT is inflating the market because of increased liquidity and more opportunity for investors to make many (so more investors come in). Now, tether still makes a lot of investors skeptical (since they do their research and find out the "FUD" behind tether), but really this is suppressing a lot investors from coming into the sphere until a "REAL" BTC/USD pair is designed (imo, this will be done by Poloniex/CircleX). What this will do to USDT however, is something that we will have to find out once it happens if more exchanges get the legitimate BTC/USD pairing by requiring a social security on registration. Tether, being just "another altcoin," seems it will drop value once less people are interested in this "altcoin." Right now, the demand is so high for tether and the fact that bitfinex hasn't "printed more money" from the 2.2bln supply, and especially after the main dip BTC had, is somewhat of a good sign. As stated before, they probably "printed money" to give to the vast amount of exchanges for pairings. There are multiple whales, including the team of EOS, that support the doings of Bitfinex and USDT since it improves awareness/adoption of crypto. Now, EOS/SteemIT maybe a "scam" in some people's eyes (maybe mine, not enough has happened for me to decide), but there's no way USDT/BITFINEX would do anything stupid pre-launch of EOS since they are associated with each other and have a lot to profit fromr. So until June 1st (the launch of EOS, at an earliest date), I can't see tether going anywhere. This, in my opinion, is especially a strong point since many crypto multi-millionaire/billionaire whales back EOS, SteemIT and Bitfinex. Lastly (and in conclusion of my opinion(s)), Tether will crash (if it crashes) if the DEMAND, by the MAJOR EXCHANGES using USDT, suffers. Also, I feel that until that demand dies out, USDT should be seen as a neat trading tool for people to be open to, not a discouragement for entering the crypto space. Now, that all exchanges have adopted tether as a pair, Tether probably wont "print anymore money" until the DEMAND (or purchasing of tether by exchanges) goes up. To sum up the short-term fate of tether (pre-June 1st ATLEAST), The fact that tether claimed to have 450 million dollars as of their last audit in september, the fact that a lot of these exchanges (whom are super rich) are buying out tethers for pairing, the fact that profitable company startups such as EOS and exchanges put their "trust" and money into tether to keep their exchange/platforms in high demand, tells me that Tether FUD might be exaggerated. USDT FUD may also be generated due to swing traders wanting to make more money "off the swings," since their "strategy" wouldn't be as widely used. I have used this "strategy" and it seems to work for me as i've gained from 6k dip than if i had just held BTC. In my opinion, USDT is here to stay (at 1$) until a replacement is found and no-one cares to use USDT. And this will only crash USDT if Bitfinex/Other exchanges have not gathered up a 1:1 value (USD:USDT) for the total supply of USDT once the demand for USDT reaches its demise. Bitfinex paid back money to its traders worth 120k BTC in 2015. I think if they survived that 120k BTC “hack” (or genius plan on their part), a mere 2.2 billion payout to keep everything running smoothly isn’t too much of a problem. Thanks for reading and I'm hoping I can get some solid feedback from this.
A Guide To ICO investing Bitcoin Millions: Is It Too Late For You?
You've been probably reading the news about all those kids who manage to become filthy rich simply by investing in Bitcoin in 2013. News like these usually make me feel mad because I missed the chance to buy Bitcoin when one of my friends told me that I should invest in Bitcoin back in 2014. Now the Bitcoin seems more like a gold mine rush because everybody thinks that he would be able to make millions easily. If you are like one of those people who want to make a quick buck on cryptocurrency, I advise you stop. You lost the game here. There's no easy money to be made on the crypto market anymore. Here's Why Making Money On Cryptocurrency Will Become Harder In 2018 The market is oversaturated with cryptocurrency traders. There're people who are going to take your money because you simply don't know the game good enough. Right now the whole market cap is crushing and in order to make profits, you need to be really smart. Let's say you want to buy Cardano at its current price of $0,45 per coin. You see the graph and you notice that Cardano used to cost $0.77 a few weeks ago, and you are like maybe Cardano will go up again, and you buy Cardano. Who sold you the coin? Is it the exchange itself? Is it Binance who sold you the coin? The answer is no! You bought the coin from people who already were holding the coin. They got the coin before the coin hit the exchange. They bought it dirt cheap on ICO presale level and they sold it to you 20x or even 30x the ICO price. If you know some good coins that are already listed on coinmarketcap.com Stop there! It is usually too late to acquire them because somebody both them a few years ago. Usually, those are the people who joined the ICO presales or the team members of the blockchain project. Cryptocurrency market is very dynamic and people got hyped easily. So what should you do instead if you want to still benefit from the cryptocurrency market? This what I am also doing... Be the one who buys the coin first! Go online and start researching cryptocurrency projects that are up to launch an ICO and start following their social media. There are few major important things that I am looking for: Factor #1 The Main Lesson From A Coin That Cost Less Than $1 in 2015 And Reached $1,389 In Less Than 3 years! Every cryptocurrency project needs a strong team of developers. They'll be the one who would create the project. Also, I'm trying to invest my ETH into projects that have young teams. Many of the successful crypto projects have very young teams. For example, the founder of Ethereum Vitalik Buterin started the project when he was in his early twenties. The cost of Etherium hit $1,389 at its peak, and back in 2015, an Ethereum cost less than $1. Is there a chance to found the next Vitalik Buterin? Just look for a young enthusiastic team. Factor #2 Good Marketing And Big Idea Whenever I invest in a project I aim to go with the idea that is practical. I don't invest in projects that I don't understand. I will visit the website and the social media to see if the team has good marketing. If I like the website and the idea I would go to the Telegram channel of the project. You can learn a lot just by visiting a Telegram chat. I would ask a few questions to see if the team is responding. I used to think that the size of the Telegram group would matter, but there are a lot of ways to invite fake bots to a Telegram chat. So I would stay away from a group that has way too many unresponsive chat visitors. Factor #3 ICO That Is Going To Make You Money vs ICO That Is Trying To Steal Your Hard-Earned Money I do internet marketing for 4 years now. Whenever I go to a blockchain website I notice that a big majority of the projects don't have a long-term vision. They are all about raising money with the ICO. I am just curious what happens next? So, I usually read the whitepaper, try to find out if they have set a road map. Usually, they have that stated on the website under a "Road Map". So, I look for projects that have a long-term vision. It is very hard to see ROI in less than two years. I think this is the reasonable cycle. ICO Projects You Should Consider I am not a financial advisor. However, I did a great deal of thinking and researching ICOs. I am going share a list the top 3 ICOs that I personally invested in and I intend to invest in once the ICO is out for a presale.
I invested in Rentberry earlier this year. They already had a solid base of customers and they're building a decentralized home rental platform. Based in the USA, the team is supercool. They raised 30M, unfortunately if you want to invest now the project ICO project is already closed.
CrowdMachine has a very good idea. Their project aims to develop a system that requires no coding, enabling anyone to create decentralized apps and smart contracts without limitation. So basically, with CrowdMachine everybody will be able to create a blockchain without knowing how to code. This ICO start early April.
Cryptopus might be a long shot. However, back in 2013 Etherium was a very long shot as well. This Russian ICO develops a blockchain brokerage marketplace. I personally know the team because once I stumble upon the project, I wanted to be a part of it, and I joined as an advisor. In Conclusion: If you are looking for a coin that has a huge potential you might want to take a look at Cryptopus and CrowdMachine. CrowdMachine has a BIG idea and might change the blockchain game forever. ICO is out soon so definitely worth following. Cryptopus has a very cool young team and amazing advisors on the board. ICO is currently ON! Could Cryptopus be the next Ethereum? We are about to see!
Bitcoin is the most profitable if you have millions to invest. Crypto mining profitability is highly nuanced, it depends on a wide range of variables such as hardware, electricity costs, and the type of cryptocurrency you would like to mine.. Bitcoin is the most profitable coin to mine currently, although not if you’re an individual miner, in most cases. What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... The optimistic ones who hold because they know that Bitcoin is not going to fail them in the end, and those against it. There’s no need for uncertainty anymore : the numbers are in . Bitcoin 0 0 Annual Returns , 2011-2018: The optimistic ones who hold because they know that Bitcoin is not going to fail them in the end, and those against it. There’s no need for uncertainty anymore : the numbers are in . Bitcoin 0 0 Annual Returns , 2011-2018: Bitspark - A Hong Kong-based Bitcoin exchange that announced at the end of April 2015 that it was closing its exchange to focus on its remittance services. Its website is still live in 2020 with a ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Why the Cost of Mining Bitcoin Does Not Matter. DISCLAIMER: None of the following is intended to be investment advice. Also, full disclosure, any links to Coinbase and Binance, etc., include referrals.It actually benefits you to use them because we will both get an extra $10 worth of BTC for free if you deposit at least $100 to Coinbase.Thanks in advance if you follow the links when you make ... On May 15, 2020, IOST cofounder Terry was invited to Block 101 for a video conference interview with Yingge from Binance. 9 years living in the United States, Princeton University graduate Terry ... 2015. If you were early on the whole Bitcoin mining thing and were one of the first adopters of the Bitcoin ASIC miners when they started appearing you may still have some devices lying around that are generally not worth using anymore for mining. Well, maybe you just thought that they are not good for anything anymore, but there could still be some use for them, or at least if you want to ... Bitcoin Mining Rig Reviews - Top Bitcoin Wallets 2015 Bitcoin Mining Rig Reviews Bitcoin Tax Cpa Bitcoin Sellers Canada
I also have a 4TB Seagate Hybrid drive that I use for my data drive which for some reason you can’t get anymore. This is the closest thing currently available: This is the closest thing ... Binance starts Mining Pool. 68k Bitcoin on the move - Duration: 8:07. Crypto Daily Update 663 views. 8:07 . BITCOIN ON BILLIONS - Ripple XRP New Job Role Targets Wall Street Institutions ... ⛏️Cloud Mining⛏️ - Hashflare » http://bit.ly/GTCHashFlare - CCG Mining » http://bit.ly/GTCCCGMining - Genesis Mining » http://bit.ly/GTCGenesisMining Use ... Bitcoin schürfen - Lohnt sich bitcoin mining noch? Bitcoins selbst schürfen ZCASH Mining - deutsche Anleitung - Link in der Beschreibung beachten! Why IOTA is the Next Big Thing In Cryptocurrencies! #bitcoin #bitcoinmining #bitcoinmininghome Is Bitcoin (BTC) mining worth it Dec. 2018? BTC mining ASICs from China profitability in 2018....Bitcoin mining at... Binance Mining Pool. [ Showing personal account ] (4) ... #Bitcoin #Binance #cryptocurrency #Crypto. License Creative Commons Attribution license (reuse allowed) Show more Show less. Loading ... https://hashflare.io/r/69B6B60F Trade Altcoins: https://www.binance.com/?ref=12275636 IS BITCOIN CLOUD MINING STILL WORTRH - HASHFLARE Thanks for watching the video ...