Is Tether going to collapse?
Is Tether going to collapse?
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No, Bitfinex solve the problem with LEO
As an RSR holder, I hope so
Yes and so to will BTC along with many a pedo's wealth.
Sooner the better
no, they'll just print a billion a month till doomsday.
no-one cares, y'see
Good chance it will in the next couple months. July 29 is their day in court, after that the FBI will seize their domain and they will be sent cease and desist letters from the SEC. When and if they refused their offices will be raided and the executives arrested.
If you think they cant do this you will be in for a rude awakening. If they thought the NYAG couldn't do anything why are they speding millions defending themselves in court?
The writing is on the wall.
this but they'll simply come up with teether or teher or whatever the fuck they want to call their money printing scam and continue unabated
Based and Justice Department pilled
The thing I don't understand is why it trades at 1.00 USD when the reserves are like 74% backed, why doesn't the market value reflect the true value? Does Bitfinex wash trade THAT much that they can pin the price?
Bro... what do you think would happen if everyone wanted to withdraw all of their cash from the banks at the same time?
>reserves are like 74% backed
reserves -were- like 74% backed. They were then backed with 'loans' (from Tether to Bitfinex, no conflict of interests there then). Now, they just print shit like confetti and gave up all pretense of being backed by jackshit.
But yeah, '$1 value' and why Binance etc. support these chancers, still.. who knows. The only theory that maybe makes sense was, they were in too deep anyway afther the $800 mill tok a walk and were pumping BTC till 'Institutions' FOMO in, then, they could cash out and balance the books. You'd need to be in an Institution to be putting new cash into this shitshow tho, my opinion
Take USD, give Tether, don't store USD in reserves but instead use USD to buy BTC pushing up the price, users buy the BTC with the Tether, you have pocketed the difference of their dollar spent on Tether and your manipulated BTC price. Then use the proceeds to continue pumping. Is this how it works?
Yes Tether will crash, but not until the stock market crashes, leaving everybody fucked except for the shiny rock boomers.
I agree with you. It's time to get rid of Tether, it's totally manipulated, not audited and not decentralized.
Reserve is a much better option, I have heard that they are launching RSV in Venezuela this quarter, this just makes me feel more bullish
when the scam of tether comes out, bitcoin is going to crash big
you all were warned
Nobodies giving them USD.
What if that happens though? I'm not sure it will. But the run for the exit would be hilarious. I think if it was going to happen you would have dumping going on already no?
tether IS the market they sometimes have higher daily trading volumes than bitcoin
Anyone buying in the last 2 years is.
It's not fud it's fucking facts, you dumbshits
No. It’s FUD you dumbshit cunt. You nocoiners have been wrong for years and you want people to believe that crypto comes to an end in July loooooool. Do some fucking research. This is about paying taxes in NY. The worst NYAG can do is fine them and “officially” officially ban them from NY. Fucking children brainlets on this board. You retards realize if btc goes down so do your chink scamcoins.
Yes, and good riddance. USDCoin is the only valid dollar coin.
I am intrigued.
Shill me on this.
only a matter of time. reminder:
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the reason they are super clear about this is so that when tether finally becomes valued at 0 USD over night (and it will happen over night) you have no right to make a claim because you shouldn't be holding tether anyway
All other bitcoin FUDs were FUD, but not Tether. The danger is we are so used to "Bitcoin Obituary" that when a REAL threat to BTC appears, we also shrug it off, like a reverse boy who cried wolf.
all so called "tether fuds" ended up being true.
the only fud that hasnt happened yet is its collapse
I just want to see some pink wojacks in the next weeks/months
Will tether guys going to prison make BTC dump hard?
Tether is gonna is colapes.
How heavy are your shitcoin bags nocoiners ??? Imagine your entire life hedging on this. And what will you do once this turns out to be a nothingburger to the price of btc ??? Collective live streamed suicide sounds good.