PAXOS STANDARD PAX4H looks good. Buy now and keep an eye on BTC moves. Stay safe.
Sell 16000ish.
Stop Loss 13000.
Happy Tr4Ding !
PAX
Bitcoin Tether - Are Binance Migrate To PAX ?A Tether is a virtual coin that represents the equivalent of a dollar.
The structure of Tether companies is part of the same holding as Bitfinex.
For almost a year there have been rumors that a Tether might lose its liquidity or not have it at all.
Is Tether a fiction?
I do not think so, because there are large players in the market (Binance, Poloniex, Bittrex) who work with him (for now).
If he were fiction - they would not have become involved in it. Now the tether connects everything and everyone.
As you can guess, this is potentially bad for the reliability of the market - to have a monopolist that can bring everything down if something goes wrong with it.
Therefore, exchanges are taking action. Major players do not want to be dependent on Tether. Therefore, they began to create their stablecoins (PAX).
What happened yesterday (and what caused the Bitcoin impulse)
Option 1 - It was a massive sale of Tether main exchanges and the purchase of other currencies before a major rally.
Option 2 - This is a temporary loss of Tether's liquidity during the transition to interaction with a large bank (rumors that Tether got a partnership with one of the largest banks in the world).
It is difficult to say anything here, because such actions are not public.
Perhaps it was both options or coordinated actions of the exchanges, because they are not even fussing with Bitfinex or going against it.
I think many of you will be interested in this screenshot (not promotion link)
www.screencast.com
As you can see, Binance and possibly other players purchased thousands of bitcoins from Bitfinex. Thus, it seems Binance can sell its Tether to the main holder of Bitfinex.
Please post your questions and comments if you know something else!
Tether implosion with bitfinex to coinbase premiumSo this is the complete Tether implosion chart. Watch Tether vs all other StableCoins. You can see the tether troubles reflected in the bitfinex / coinbase premium.
Tether implosion continuing.. bitfinex RIP?So the tether implosion is continuing, check out my previous post -> . In this one i added PAX.
Anyways we can clearly see that USDC is leading the USDT exodus. Probably all of Tethers US customers are moving into USDC and the Tether team can't keep up the peg.
USDT will die, BTC will die! Big scam! Big short!USDT (Tether) will become in a near future one of the most important and tragic drama in our crypto world !
USDT is back by nothing, they are opaq and they have increase about 200 times or more the supply of tether… don’t be fool by their marketing.
We want to see where are the 1 BILLION $ supposed to be lock in a bank account ! It’s total bullshit. Like a cancer that propagate in many exchangers…
People are just confuse like you by the name (USDT) and think it’s like if you have converted your crypto against some FIAT, but it’s not ! With Tether you have THE WORST of both worlds (crypto and fiat).
Eventually, you could be in a better position (in case of crypto crash) only with an exchange like Coinbase/Gdax that propose real USD/EUR/GDB in exchange.
PAX is better than Tether
All I want to say is that blue line on that picture is BTC chart shadow. So saving in PAX actually brings more % than saving in Tether.
