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$100 Million Tether To Buy Bitcoin?

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This Sunday, September 2nd, a large shipment of Tether (USDT) was sent to a cryptocurrency exchange called Bitfinex, as reported by Crypto Trader’s host, Ran NeuNer. Many are expecting a large price surge from Bitcoin (BTC) since moves like this in the past usually indicated that Bitcoin’s value is going to skyrocket.

New BTC price surge about to arrive fro Tether?

It would seem that a large change in the crypto market is coming, which is just what the investors have been waiting for. According to a recent tweet posted by ran NeuNer, Crypto Trader’s host, around $100 million new Tether (USDT) coins were sent to Bitfinex only days ago.

In the past, whenever something like this happened, it usually meant that Bitcoin’s own price is about to go through the roof. Tether movement has always been one of the biggest indicators that something big is about to happen, and investors around the world are jumping on an opportunity to make a profit.

When stablecoins like Tether are shipped off to an exchange, it usually means that a whole lot of BTC is about to be purchased. This has happened on a few occasions in the last few months — on July 24th and August 21st of this year. Both times, the move was followed by a significant price surge, with BTC rising by $800 in July and $650 in August. Of course, the market usually turned around pretty quickly, still being in the claws of the bears at the time. However, the situation might be different this time.

Can the signs be trusted?

Of course, everyone understands that this is no guarantee that BTC will actually rise, as nothing is ever certain when cryptos are involved. However, the investors have been looking for a sign of a big bull run for months now, and this is as close as they will ever get to receiving one. At the time of writing, Bitcoin’s price is at $7,297.07, and it moved up by only 0.71% in the last 24 hours.

Still, it would seem that the investors are making their own preparations, with a number of short positions on Bitfinex experiencing a rise on its own in the last few days.

In fact, one of the largest ones was a 10,000 BTC short position, which has surprised even the most experienced investors.

This was followed by $100 million Tether moving to Bitfinex, and the two were quickly tied together by investors, which started speculating about what is coming. Different analysis’ of these events popped up all over Twitter, but one of the Placeholder Management’s partners, Chris Burniske, might have presented the situation the best, in a series of tweets.

Burniske explained that the increase in the number of short positions might be good or bad, depending on the viewpoint. From the momentum perspective, such increase can mark a really good time to pile on. However, a contrarian perspective says that a lot of short positions might serve as so-called “rocket fuel to the upside”, in case that the short positions are simply wrong.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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