Crypto Predic: Will TETHER (USDT) be next?
Apparently, the Twitterverse is filled with retweets of theories about BlackRock and Citadel being behind the crash of LUNA/UDT nearly 100%! And, I don't doubt the truth of it all. I saw one Twitter user claiming that their $2 million investment was now only worth only $10,000 (or was it less than that?) Ouch!
Is Tether (USDT) next? I'm afraid so, at least there's a high probability of it happening as far as I'm concerned. And, Coinbase could take a hit (but recover in 2023). More below, including tips on playing next week's bounce before the big, double-dip in early June...
Below: John Williams provides a great overview of how these two financial giants borrowed Bitcoin to crash the market.
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
Of course, Blackrock and Citadel were involved in this recent crypto mega crash (still ongoing)! They have direct connections to the money printers so can create cash to buy up crypto, and destroy it in the blink of an eye.
I also think USDT will soon tank as well, but could take a couple of weeks, and this, interestingly enough, corresponds to that double dip that I've talked about in several previous posts. Driving people away from crypto stable coins to fiat and eventually CBDC's is the obvious goal of the Federal Reseve, and it's certainly working! Ultimately, I think they'll cause the whole space to dump with few survivors (I give it until 2026, then I'm OUT!), but we do have some time to make some good profits.
Coinbase (linked to stablecoin USDC) could also take a hit, but I would expect them to recover nicely, but not until next year. I think this is why I'm seeing coins like Uniswap exploding later this year. Uniswap is a cryptocurrency exchange that is truly decentralized, running on its own protocol.
Now, regarding this first leg of the crypto dump (to be followed by a second dump in early June as I've said before), I may do a quick trade this coming week. There are so many good coins to choose between, but I might just give either UNI and/or DOGE a try. I have to admit, the Akashic Records is telling me to wait until lows are in by Wednesday for a Thursday bump up, but I may try dollar cost averaging a small amount starting Monday (not sooner!), I'm not sure.
This is a very risky play, considering that the market will dive hard again soon, but it's worth a try considering the longer-term upside which is sure to come. With that being said, DO NOT TETHER your investment after next week! Put it right back into fiat, and perhaps even transfer it to your traditional bank account while you wait for the lows to come in early June. (Yes, it's possible that I could be wrong here, but better to be safe, than sorry).
Now, I don't think it would hurt to focus some of our investments on the traditional stock markets. I can understand the need scare money out of crypto and back into the traditional markets...the economy needs it, and it's just far less volatile than crypto.
Of course, Twitter has some room for gains (if Musk completes the acquisition, as I predicted), but there are many others out there that I'm going to start following and posting here. (If you have any ideas, please post them below. Thank you!)