Tether USDT will BURST the Bitcoin BUBBLE!!! | Vitalik Buterin’s Mastercoin Analysis predicted it

Published by bizcon on

Published on Jan 20, 2018

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This is not FUD rather detailed analysis … Tether will cause the collapse of the Bitcoin Bubble within a few months. If you don’t believe me read Vitalik’s paper from 2013 he laid out a plausible crash for Tether. I recommend protecting your positions, and take appropriate risk precautions. Tether is perhaps the most clever Crypto Ponzi ever created, with much more potential damage than Bitconnect as it is used to exchange BTC for Fiat at many exchanges. I predict a 80-90% pullback on BTC and all coins when Tether (USDT) collapses. Please donate to this Channel, I won’t be doing any referrals or sponsored videos. So any contribution is appreciated as the only other revenue will be Google Ads. Bitcoin Cash (Funds for channel to upgrade video equipment- Goal is Macbook 2017 and Mac Pro 2013): 15Az44BAXpvwcvoAFZDnJivSLM8nq5t7a6 Litecoin (Lets all donate to charity, every small bit helps even a few Litoshis. I will donate to United Way once a month in a Video): LdV8yKVKTH8zbgNy9AfPa4zmXi6GZucent Follow me on Instagram: @tofferwayne or Steemit @tofferwayne and Twitter @TofferWayne *I only recommend companies and products I personally use, and any donations in Bitcoin Cash help to pay for content creation. Thanks! I am not a financial professional, rather a casual investor like you, take these comments as my thoughts only not investment advice.*

COMMENTS

Nicholas Byrne
$2 billion out of a potentially trillion dollars market cap in a few months? I’m not worried
View all 3 replies
Chinonso Charles
Thanks for this video. Tether will cause a very big damage in the market. Believe me this will definitely happen this year. Maybe any time soon. Many people are not talking about this. People have to be careful. I think bitfinex is Mt. Gox 2.0

View all 5 replies
Peace Keeper

Tether is created out of nothing, so what ? I don’t understand what is the concern here. Banks also create money out of nothing when they loan you money, it is quite known and yet we all accept it, and “it works”. It’s morally questionable, it’s very highly instable and risky as it can lead to a financial crisis if all the conditions are met. Yet it’s still how the world works and we didn’t have any major crisis yet leading to the end of the world, even when we have relatively big ones, like in 2008, it’s only temporary. It’s a cynical way of viewing things, i know but if the banks are constantly walking on the edge of the abyss, so why wouldn’t Tether do the same ? That’s a genuine question. Maybe I’m wrong, but as long as we don’t use it as deposit money, but we only use it to temporary change our coins to USD or to trade, why would it be more risky than with Banks which will all explode the day we all decide to withdraw our money as well ?

 

 

View all 11 replies
Kloonike

 

The self-stabilizing currency from the article is not how Tether works. You missed the technical part about what would actually cause it to fail. It’s not applicable to Tether in this form. FUD ALERT!

 

 

View all 25 replies
gang plank

 

reason tether had alot of volume is because people where hedging there

 

Cryptocurrbit

…and look what happened today! wow

 

 

View all 2 replies

 

falcon netways

Tether is damaging the price of bitcoin and all other coins it is responsible for market crash bcz people can quickly switch which cause bitcoin falling.

 

Jon Morlow

Thank you for this very clear and easy to understand explanation. So other than staying out of using/trading in USDT, how we protect ourselves from this and the potential crash? This might be a very good topic for a follow up video to this (ie steps to protect from a market crash due to USDT). Will certainly help the crypto community. More power to you!

 

 

View all 7 replies
Albert Morley

 

Hopefully it collapses so i can get my hands on some bitcoin in the range of 1000 $ 😉

 

 

View all 7 replies
DigitalDreams

 

Market cap right when i write this comment is 500 billion. Even if tether collapsed, that would cause 2 or 3 billion in losses. I’ve seen the market crash from 800k to 400k in 1 days. Am I missing something? Most people do coin trades in bitcoin or ethereum. You can just trade your coins to buy either of these and not even use tether. You can also move your bitcoin, litecoin or ethereum to other exchanges that trade for USD.

 

 

View all 8 replies

 

CLk

No tether does not influence as much to cause something like that. People verely hold tether, they hold Btc, Eth, etc. etc. and most people cash out in their own currency be it pesos, dollars, yuan etc. Tether only serves as temporay parking for traders and a lot of trades still can be swap to each other without touching tether.

 

 

 

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