Does the current bitcoin/general crypto bullrun simply ignore the crash that might be coming if their is no 2bn USD...

>can u give sauce pls
no he pulled it out of his ass
probably one of paid bitfinex shills

haha xD

binance has a high 'tether risk' so i am not too sure if this is a reliable source regarding this topic

What's even the point of this thread? Everyone knows tether is fraudulent and the only people who say otherwise are entirely dishonest? What the fuck are you expecting here?

People don't understand. Tether not backed by USD is BULLISH for crypto.

im just curious why nobody seems to talk about it anymore. especially since BTC is going over 10k now even though it might crash hard if tether is fucked

Worst case scenario people will sell Tether for other crypto and Bitfinex will have to take all the Tether back. Nobody loses any money because Bitfinex printed them out of thin air and people can still trade other crypto for USD.

Biz is incapable of honest discussion

Wrong, because Tether is the only cause why BTC went up in 2017. Once Tether stopped printing Bitcoin started crashing. Literally cause and effect.

It's been the elephant in the room for a while.

There are people on biz right now that only know how to make money in a bull market
There are people on biz right now that don't know you can "Tether up/Cash out" without touching Tether or USD to avoid taxes on each trades.

Ok I'll throw you guys a bone, here is how it's done.

In situations like this your can make more money when BTC crashing than you can chasing moon missions if you know what you're doing, just by trading BTC, no need to touch altcoins.
Why are you missing out on these gains? BitMEX (the "mex" stands for Mercatile Exchange) is the only crypto exchange in the world that offers 100X leverage (but it's not because you can that you must, go small and work your way up).
Let me explain what this means. So lets say you were to have shorted (placed a sell order) for BTC at $10 000. Let's also say you only have .1 BTC to trade with, or $1 000 worth. With .1 BTC at x10 leverage you can sell 1 BTC. Then for every dollar BTC goes down, your position is worth $1 more. Say BTC goes to $8 000, if you close your position you then get the difference which is $2 000 in profit paid to you in BTC, that's a 200% profit
I would suggest you learn TA before you start trading. You can train using their testnet (free).
You want a moon mission? BitMEX is your moon mission.
Euros and others can sign up but US users are banned (just sign up with a proxy and then you can login from a US IP with no questions asked). If you're going to sign up use my reference code, using a reference code gives you a %10 discount in fees. May not sound like much but it's saved me hundred of dollars in the past weeks: bitmex.com/register/toYHiE

- Interface is amazing with professional grade advanced order types
- Liquidity it offers is completely unmatched, it's the biggest exchange volume wise: coinmarketcap.com/exchanges/volume/24-hour/no-fees/
- BTC deposits take less than 10 minutes: just 1 confirmation from the network needed
- Never down, no shady flash crashes caused by website being down like Poloniex does

Now here are my advices if you want to stay safe, and if you don't want to use Tether

0. x100 leverage is pure gamble I can not stress this enought, use lower leverage

1. Read the docs and make sure you understand exactly how the contracts work (both futures and swap), profit/loss calculation and how liquidation works. Make sure you understand the difference between mark price and index price.

2. x1 shorts are way to cash out without using the Tether time bomb or Fiat:
Say you have 1 BTC which is worth 10 000$ at a given time in bear market and you think it's doing to dip further you short sell 10 000$ worth of contracts which will cost 1 BTC
A few months latter BTC @ 5 000$ and is bullish again, you decide to go long again so you buy back/close your short position you still have 10 000$ worth of contracts so you have now 2 BTC.
You can even get paid funding rates for holding your position + makers fee for going short
bitmex.com/app/perpetualContractsGuide#funding
If you're "cashing out" long term and you don't want to pay funding fees use futures contracts (XBTH18, XBTM18) not the swap contract (XBTUSD)

3. The interface may seem a bit complex to some, don't let that discourage you, it has very advanced order types and you can practive with testnet BTC (get some from a faucet) on bitmex's testnet.
Make some trades on the testnet to confirm your understanding of the contracts and the site in general.

4. I prefer trading on Cross. It's very important to not trade too many contracts, I trade 1 contract at a time. I strongly recommend not to trade so many contracts that your are more than 2x leveraged. Ideally less than 1x, at least in the beginning.

5. Don't forget to set a stop loss, plan your trades and trade your plans.

Trading with above x5 leverage is a lot harder than most people think. By far most traders on there lose money because they use too much leverage, those that trade with x100 leverage lose all their money, so don't use that.