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How to Protect your Wealth by Investing in AI Tech Stocks

Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021

Currencies / cryptocurrency Jun 06, 2021 - 05:18 PM GMT

By: Nadeem_Walayat

Currencies

To get my crypto bear market investing ball rolling I recently opened an account with Binance (10% trading fees discount). Deposited £3600 sterling that I quickly converted into USDT so as to initiate my initial limit orders on mainly BTC and ETH, aiming to add more funds and limit orders over the next few weeks. Unfortunately, on taking a closer look at USDT Tether stable coin which probably holds true for all so called stable coins is that they are NOT backed 1 for 1 by that which they seek to represent i.e. from what I have gleaned at best USDT is backed by 75% of dollar 'safeish' assets with most of the remaining 25% may not even exist i.e. PRINTED MONEY! Likely to cover losses incurred to date such as the $800 million USDT's parent company lost some years ago etc,. So USDT's true value is somewhere between 15% and 25% LESS than that of the US Dollar given it's actual reserves, more in my recent video on this subject.


Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021

For crypto trading and investing see Binance for 10% discount on trading fees - Disocunt Code LZ728VLZ

For managing your crypto's see Coinbase

For GPU mining check out Nicehash

This article is an excerpt from my recent extensive analysis that concludes in my latest biotech stock picks with the potential to X10 over the coming years Five More Small Cap Bio and Tech Stocks to Invest for 2021 and Beyond! has first been made available to Patrons who support my work.

Topics Include:

  • Invest and Forget
  • Stock Market Early Summer Correction Review
  • AI Stocks Strength vs Weakness
  • RAMPANT MONEY PRINTING INFLATION BIG PICTURE!
  • HIGH RISK STOCK BUYING LEVELS
  • RISK RATINGS
  • WESTERN DIGITAL - WDC $71 - CHIA! - Risk 1
  • Life Sciences Biotech Smaller Cap High Risk Stocks Investing Binge
  • Biotech stock 1 - Cheap Low Risk Pharma - Risk 1
  • Biotech stock 2 - HIGH RISK GENE EDITING - Risk 9
  • Biotech stock 3 - Low Risk 2
  • Biotech stock 4 - X10 for Max Risk 10
  • High Risk Stocks Portfolio Buying Levels
  • Covid India Black Mold Epidemic
  • Bitcoin and Raven Coin Buying Levels

So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

My analysis schedule includes:

  • Bitcoin and Crypto's Trend Forecast / Bear Market Accumulation Strategy - 60% done
  • More X10 Biotech Tech Stocks - 40% done
  • UK House Prices Trend Analysis - 10% done
  • How to Get Rich! - 70% done
  • US Dollar and British Pound analysis
  • Gold and SIlver Price Analysis

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your investing in biotech stocks analyst.

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2021 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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