- There are well-founded reasons to believe that Tether is not longer backed with FIAT and only is backed with BTC.
- Tether has moved their FIAT since April to the black market and tax havens countries.
- We will have a new BTC pump to ~$14k to make normies believe that $ 100,000 will be possible.
- Whales with insiders will short this market up to $1000 and Bitfinex will pump BTG (Bitcoin Gold) as an exit scam.
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Kraken CEO disagrees.
Jesse dont manage Tether accounts.
i'm eyeing 12k for a lower high, but a double top at 14k would be so so so nasty
>well-founded reasons to believe that Tether is not longer backed with FIAT and only is backed with BTC.
evidence?
We can't even break 10,200$ and you are all talking about 14,000$
typical bagholders, no tether print - no pump.
I've heard about the theory of the btg exit scam but why btg?
because they have a lot since it's a fork but this theory is completely dumb forget it
Bitfinex has returned their USDT holdings to Tether Treasury because they can't redeem all Tether for FIAT. They only have $ 8M currently.
I am giving you information about a big short, how I will be a bag holder. I already cashout days ago
Pumps are unexpected and parabolic to liquidate margin trading gamblers.
What's the difference between printing Tether out of thin air and printing actual USD out of thin air?
Merchants accept USD and not USDT
How long do you think the ensuing bear market will be?
Oh shit! So that's what Trump and company meant when they said Bitcoin was based on thin air
They meant a lot of things, i think this is the big one.
>Trump's words having deeper meanings
>There are well-founded reasons to believe that Tether is not longer backed with FIAT and only is backed with BTC.
>Tether has moved their FIAT since April to the black market and tax havens countries.
Literally everyone knew this for at least a year but just didn't say anything. The only reason this matters at all right now is because they're finally getting v& for it
same, the whales know the music is going to stop soon so they'll make the most out of this final pump
At the risk of me making a complete ass of myself for asking this, can't people just use exchanges that do direct buttcoin to fiat transfers like Coinbase to cash out in the event that Tether dies? Obviously there'd be a Mt. Gox type situation where the exchange runs out of fiat, but I don't see why you won't be able to cash out this way initially.
we are forming a descending triangle right now. not gonna go to 14k
>relying on TA during an extended pump and dump
Are we talking EoY?
Nov 2019 - Jan 2020
You guys have been repeating this lie for at least two years now. As the NYAG lawsuit proved, Tether was fully funded up to the point that the Poles, Portuguese, and U.S. seized their bank accounts -- which happened long AFTER you guys started spewing this shit.
Tether is handling $30,000,000 in volume per day from just one trading desk in Moscow. I'm sure their fees have more than made up for the shortfall in the last year.
But he verified that tether prints match the levels of institutional deposits he sees at kraken
What lie? Tether isn't solvent and the fact that they can print tether out of thin air hurts the entire crypto ecosystem regardless.
if people don't want to use USD they get invaded by the giant cock of the US military
if people don't want to use crypto the price of crypto simply wilts and we all become poor
It’s.. not a lie though? The $850 million was dirty money, which means they didnt take it from retail investors like they claimed they did. Looks like they were using it more as a money laundering operation than anything else. Retail money was likely a nice small bonus on top to make the dirty part look more legit.