USDT trade ideas
Cryptodollars Tether USDT - instructions for beginnersIn 2015, an unknown company, Tether Limited, issued its own token, undertaking to exchange it for real US dollars at a rate of 1 to 1. At that time, this crypto asset was profitable to use:
Cryptocurrency exchanges in order to avoid the requirements of the Regulators for the verification of traders depositing accounts in traditional currency (fiat);
American investors, so as not to pay taxes on every exchange of cryptocurrencies for fiat.
Traders can now safely use Tether USD without worrying about a possible scam. Moreover, USDT issuance tracking allows traders to see when big capital cryptocurrencies enter the market.
The release of any token is public information available through the blockchain explorer programs, whose statistics are analyzed by various specialized services. Notification about large tranches of Tether USD, as well as other cryptocurrencies, can be received, for example, through the notifications of the @Whale Alert channel.
The extent to which the USDT emission is related to the Bitcoin rate is demonstrated by the historical graph of stablecoin capitalization. So these tokens began to be called at the end of 2018, when the first competitors appeared, repeating the economic model of Tether.
Tether USD can be used to pay for goods, replenish bank cards, get a loan, or invest in DeFi services in order to receive interest on a deposit. Moreover, the USDT token is ideal for Forex traders to deposit and withdraw funds.
Choose Token and Wallet
Before replenishing an account or withdrawing a deposit in USDT cryptodollars, a trader needs to decide on the type of token format. Behind each of them is a blockchain, where the size of the commission is determined by miners who collect transactions into blocks.
The fees are floating, depending on the load and bandwidth of the network blocks, the amount of the transaction does not matter. A trader can transfer one dollar or a billion for the same amount of deductions to miners.
At the time of writing, the average translation costs are:
In the OMNI protocol - $28;
Ethereum blockchain - $12;
Blockchain Tron and Binance - about $1.
Tether, for its part, makes an equal bet on Ethereum and Tron, placing about $24 billion of USDT emission there. The Omni protocol is practically abandoned.
The list of wallets must be taken on the website of the developers of the cryptocurrency that the trader has chosen.
The crypto wallet has a seed phrase - a set of words that helps the user regain access to his deposit from any device. Knowing this phrase of 12 words, you can not be afraid of any force majeure, because the cryptocurrency is not stored in the wallet, but in the blockchain.
A seed phrase is a list of random words (12, 18, or 24 words) used to recover your funds in case you lose your password to your wallet application or the device on which your wallet is installed. The seed phrase is usually generated when you set up your crypto wallet
By the way, the first Tether USD transaction can only be seen in the browser; in order for this balance to be displayed in the wallet, USDT will have to be added manually, this feature is explained by thousands of types of digital currencies on the Ethereum blockchain.
Upon receipt of tokens from a broker, they can be withdrawn to any popular electronic wallet or bank card, if the account has:
ETH cryptocurrencies for the ERC-20 format;
TRX cryptocurrencies for the TRX-20 format.
The last very important point is the network commission. The purchase of ETH and TRX is necessary just to pay for it. USDT tokens, like any other asset in the ERC-20 format, cannot be withdrawn from the wallet without a fee to miners, which is charged in gas.
The only problem is that when exchanging USDT for fiat, the trader will have to pay a commission to the miners. Many wallets set it to the maximum bar. We check the average fee here and fix it manually in the wallet, this applies to the ERC-20 token. In the case of TRC, the commission is almost always quite low, up to $1.
Deposit in USDT
The account replenishment operation is no different from the above procedures. Having decided on the stablecoin format from the list supported by the forex broker, the trader must start by choosing and opening a crypto wallet.
Some beginners aim to simplify this process by sending USDT directly to the broker's address via an exchange. It is worth remembering that the broker requires the deposit address to match the withdrawal address, which in the case of an exchange will be random.
Similar problems will arise when trying to replenish a deposit in the Forex market directly from a cryptocurrency exchange. She also uses random addresses for output. Address permanence can only be guaranteed by these companies for accepting payments, not for withdrawals.
Having opened his own wallet, the trader must receive USDT on it, and then transfer it from his address to a brokerage account. The problem is that the last operation will require payment of gas, therefore, you will have to replenish your wallet in two cryptocurrencies - ETH (TRX) and USDT.
So, to work with Tether ERC-20, we first need to buy Ethereum, and then exchange part of Ethereum for Tether USDT.
Sincerely, R Linda!
Market Cap (USDT chart + USDC chart) - December 5Hello?
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(September 4, 2020)
USDT: 15.831B records
USDC: 2.353B records
A difference of about 7.5 times was recorded.
(today)
USDT: 74.291B on record
USDC: 39.888B on record
About twice as much difference is recorded.
This shows that the amount of money that entered the coin market as a USDC stablecoin has increased dramatically.
This trend is expected to increase until the US crypto asset regulation policy is established.
WARNING! DO NOT USE USDT !!!!!Please go past just charts on this one. This is a market cap of USDT. Where is all the "backing" to support this run up? If I was the US Government, I would be asking where the USD tether is?
No wonder UK regulators are all up with their panties up their necks! Talk about a World Class Wedgy!
**** DO NOT HOLD USDT - IT IS GETTING DELISTED!!!! CHECK CANADIAN REGULATORS!!!! THEY DO NOT ACCEPT THE CARNIVAL SHELL GAME BY BITFINEX ****
SELL USDT BEFORE It gets blacklisted everywhere!!!! NOW!If you're not a crook and have assets in Tether, Move them to ANY coin that's half decent. Bitcoin is the safest, Ether ETH is next. Heck SHIB is even a safer bet!!!!! LOL
Seriously! This toxic cryptoscam is getting delisted in Canada. To be a legal, regulated crypto exchange in Canada, you can no longer trade this fake USD. That's a effectively a double fake USD with debasement!
Check your crypto trading platform. Is USDT still there? If so, you'r coins are not in custody with a very safe custodian because this appears to be regulated at the World Level.
Bitfinex and the crooks can safely stay in the Britsh Virgin Isles. No heat there... LOL
SEND ABOVE 1USDT TO THIS ADDRESS, WE'VE GOT A TARGET🎯Meet Julia, She's been trying hard to get into college, and she finally got in, sad part is her family does NOT have enough to pay for her college tuitions.
There's only so far I can go in helping her as an individual...
I decided to ask the Public to help in her aid!
Here's the USDT ADDRESS:
TRC20; TL2QbgdAERJRc6KXCsT5viKCG72p9PsPNq
Make it count!🎯
TOTAL2 - Look at stablecoins to find the market top!Wow this indicator has been spot on in the last 2 years!
Add the marketcap of the 2 biggest stablecoins (USDT + USDC) and divide by the marketcap of TOTAL2.
I prefer to look at ALTCOINS so I'm analyzing TOTAL2.
Look at how the market price reached a TOP everytime the stablecoins touched the trend line! Crazy precise!
BOOKMARK THIS PAGE and come back in November / December 2021 to check where we are at.
Whales Are Selling Big Amount Of BTCHello Friends
this is USDT market cap chart,as you see there is a huge increase in market cap in a small time period (from 62.5 BD TO 65.5 BD in less than 2 hour)
i think WHALES are selling BTC in Huge amounts
& i strongly think BTC face a massive decrease in price soon...
(not a commercial advice just my opinion base on charts data)
Good Trade To ALL
Scamcoin Death CrossDeath cross coming
Tether is what pump all the crypto Ponzi scheme specially BTC
They stopped printing for now, fear of get busted!
We will have also the first monthly candle after so long time.
But don’t worry you can continue trust your Influencer Youtuber or Twitter who sells you Hopium and shill his bag over you lol
To da moon!!
Goodluck
El Salvador BTC adoption storyAuthor Jordan Atkins (Coingeek)
17 June 2021
El Salvador’s move to make BTC legal tender in the country, and will set up a $150 million national trust fund, which will supposedly be used to compensate merchants for the volatility of BTC between accepting payment and depositing it in the bank.
This news was received by the BTC community in the same way it receives more or less anything: uncritically, with effusive praise and a complete disinterest in specifics and practicalities. This is unsurprising, but alarming because these specifics and practicalities almost defy belief.
Importantly, El Salvador’s currency is the U.S. dollar. Therefore, in order to effect this change, El Salvador partnered with Strike, a mobile app which will supposedly let El Salvadorians living abroad to send money back home, cross-border, for free. Virtually any conversation about currency for El Salvadorian citizens has to start here, because almost a quarter of them live in the United States.
Guess how Strike is powered? Using a proprietary version of Blockstream’s Lightning Network.
Guess how Strike works? By taking the dollars of the El Salvadorian people wanting to send money back home, using that money to buy BTC, sending those BTC to El Salvador, converting them to Tethers, and then depositing those Tethers into the recipient’s Strike account. It is Tether that El Salvadorian recipients will receive; not any form of Bitcoin.
That’s right: while the country’s so-called Bitcoin Law is being celebrated from every corner of the BTC community, it quietly turns out that as with most things in crypto it is Tether, not BTC, that is the real story.
We already know that not a single tether has been successfully redeemed, and indeed the tether terms of service explicitly rejects any obligation to accept any such redemption from holders. So if the recipient wants to use what they’ve been sent, they must go to one of the two Bitcoin ATMs currently operating in the country, scan the ATM’s QR code into their Strike app, which will then convert the tethers into BTC and send them to the ATM. The ATM will then dispense the necessary amount in local fiat currency.
This sounds ludicrous, but this is exactly the process that Strike founder Jack Mallers described in announcing the app in January. Mallers didn’t describe the scheme as a way to take the valuable fiat of El Salvadorians in exchange for a useless, unbacked token, instead choosing to say that ‘today, the world changes; the fundamentals of value exchange between our species enters a new epoch.’
It’s certainly a new epoch for El Salvador and President Bukele, who can now effectively print money for as long as it takes for El Salvador to realize that their ‘digital dollar’ USDT has even less connection to fiat than BTC does.
Author David Gerard has written on the El Salvador Tether scam, both on his own blog and on foreignpolicy.com. As he posits:
“Bukele appears to be setting the country up to inject bitcoins into the economy, mark them as ‘dollars’ to make up his deficit, and grab the actual dollars to pay foreign debts.”
All that has been achieved in El Salvador’s announcement, then, is that some number of El Salvadorian businesses and citizens have been strapped to the Tether timebomb while being told it’s a rocketship, while those who organized it become fabulously wealthy. The saving grace is that the status quo proposed by President Bukele and the likes of Strike is so ludicrous that it’s almost certain that uptake of BTC will be minimal, although the offering of a so-called ‘alternative’ does open the door to more drastic action down the road:
“The tricky part of the bitcoin (BTC) scheme is convincing the Salvadoran public to go along with it, given they often trust U.S. dollars more than they trust the government. Many already see the Bitcoin Law as an attempt to expropriate their dollars—it would be trivial to provide more coercion by raising fees for dollar withdrawals, or restrict the amount that could be withdrawn.”
Happy (Independence weekend) - Early Logging off for the weekend! I wanted to say, have a great weekend!
One question for you - where do you think BTC will be at the close of Sunday (4th of July)???
Up or down? Sideways? What you got?
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Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Tether scam seems in caution modeHey guys, hope you are doing a good investment
Look at this Weekly Tethercap chart
The 2 last weeks we got 2 red weekly candles in a row
The last weekly candle was closed in August 2020 almost a year ago
Recently there are several humors around investigation about Tether INC
We all know that usdt is not backed by usd and 1 usd real price is something around 0.13$
It’s seems in the 2 last weeks Tether slowed a bit the printing rhymes because of investigation humors
If Tether crash whole crypto market will have a black swang flash crash
TETHER DAILY VOLUMES CROSSES MARKETCAPTETHER's CRYPTOCAP:USDT daily volume has crossed its market cap (Volume < MarketCap) for the first time since 2018.
Removing 2018 data from the equation is the first time this has ever happened since the broad market usage of Tether in the crypto space.
I´m quite interested in what will happen next, nothing, crash, rally ?!
Notes:
I removed 2018 data from the analysis since is quite "choppy" data and assumed 2019 till now since then is more stable.