Umm guys

to infinity and beyond

It looks like last night around 2am they bought around $200,000USD worth of Tether back in order to try to bring the price back up but it didn't work.

I'm betting they are waiting to see if things stabilize before making another purchase.

Attached: Screen Shot 2018-10-14 at 2.19.00 PM.png (1650x782, 291K)

ahahaha you win

Also my personal opinion is that it is quite hard to believe that this company (entity?) has 2.5 billion USD in cash without a banking partner.

Where is the money if they have no bank? Very suspicious.

tusd is different
coinmarketcap.com/currencies/trueusd/

I know it's different. I never referenced True USD. I'm speaking exclusively about Tether. There is 2.5 billion worth of outstanding supply of tether which means (according to Tether) that there are 2.5 billion US dollars to back them up.

It’s dumping user

What's going on here?

I'm looking at the depth chart on Kraken. There over a million dollars in SELL orders at or below 99c. This means that people are basically willing to sell their USDT at a 1% loss in order to get out.

Is this normal?

Attached: Screen Shot 2018-10-14 at 2.40.20 PM.png (1110x646, 77K)

Didn't the Litecoin foundation purchase a bank? I'm starting to think Charlie is going to do something which will suprise us all.

It isn't exactly new, it happens whenever there's Tether FUD.

Attached: Tither.png (1451x909, 81K)

They most likely don’t. 2.5 billion in cash is a shit ton of money. Google currently has roughly 10 billion $ in cash on its balance sheet. So some unknown company has 25% the amount of cash compared to fucking Google? The whole thing is shady as fuck and I’m very scared something is going to happen in the future.

They purchased a small stake in a bank. Not a whole bank.

Maybe a stop sell if shit goes down in the next days?

I've always assumed that THE BEST CASE SCENARIO for tether is this:
they are taking suitcases of CNY (being located in HK... lots of illegal Chinese black market cash they want to get out of country) and then using that cash to buy discount TBills straight from the Party (who has been looking for ways to offload their Tbills discreetly)

>I fucking hate you assholes for roping me into this ponzi scam
what are you talking about? this is an internet based live action role play community, that is what you are paying for.. If you honestly believe that you have been "investing" in things and have a real chance to "make it", then your mental state is a ponzi-scheme.

>he doesn't know
on a serious note, it's kinda baffling that you still don't know
how about you check their """audits"""

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tether selling all their tether for BTC,
exit scam imminent

TUSD is flippening USDT, this is a great timeline

catpiss alwaysgreen.

Well they won't, since there is an outstanding amount of Tether, and likely an amount they hold themselves. They only need money for the outstanding Tether, and no CMC is no reliable source for circulating supply as its just adding on every new issuance without checking to see what's outstanding.

But it concerns me a lot aswell, especially since I litterly can't go anywhere with my money. I am considering throwing it all in BTC and shorting it at 2x leverage on BitMex.
>inb4 BitMex gets raided by FBI