Price Markdown FUD - Thoughts on Tether/Bitfinex as a QFLTrader

in #qfl • 7 years ago (edited)

Hi all,

I wanted to briefly write a post on my thoughts on Tether/Bitfinex as a QFLTrader. I am not going to give a full run-down on Tether/Bitfinex (DYOR and I linked to two videos at the bottom of this post).

Key Points for a QFLer

  • Keep an eye on whats going on with this FUD and try to take advantage of the dips in price based on these articles/news alerts.

    • What is happening is these regulators are subpoenaing Tether to see if they actually have the capital to back all of the tether they are printing. If they comply with regulators and prove they have the capital, we have no more FUD. But in the meantime, we will have more and more FUD every time we hear about this.

  • In addition, if they do not have the capital to back up each and every tether they printed (at the time they printed it), then we have a problem. Not only will tether implode based on this news, but the regulators may then go after Bitfinex (exchange) because of their strong ties to Tether

  • If you go to coinmarketcap and do some basic analysis on both Tether and Bitfinex you will see the following:

  • The two circled values are noting how much volume in the past 24 hours is traded in both Tether and on Bitfinex. Keeping an eye on these values as we see the news could be beneficial to see how much the market could get hit. I am not going to speculate on exactly how this could impact the market because I do not think anyone knows.

Keep in mind this is just food for thought and there is no definitive answer on any of this at this time. I am willing to give them the benefit of the doubt.

What does this mean for us in the short-term?

  • I think the main thing it means for us in the short term is that when we see the FUD (just like every other FUD), we get ready to buy...and with all the rest of the positive news for crypto - we can QFL with big opportunities for gains.

I would also recommend watching these youtube videos which discuss the same topic:

  • The first is by Data Dash
  • The second is by Nuggets News

    • Thanks all,
    I hope it helps,
    Baseline

    #cryptocurrency #markdown #news #tetherbitfinex
    7 years ago in #qfl by
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