/biz/ - Business & Finance

what exactly is stopping Finex from exiting Tether by buying BTC? Seems like this could still go either way. Funding is pretty high.

Is BNB safe? Serious question

>>13475730
I can't believe they are doing a billion dollar raise. That just screams scam. Is this confirmed?

Do not have any sense compare different situations without relationship.

>>13475752
>Why doesn't bitfinex just exit scam buy dumping tether for BTC on other exchanges

They already have dude. Look at how much tether is on binance alone

>>13475730
Weird analogy bruh. Binance would be the my fox of our times not some pithy unknown exchange

I wanna get out of all my holding to buy back in but idk. How bad will this be for shitcoins. Specififcly link

>>13475820
bitfinex is by far the largest fiat to crypto exchange and a large portion of binance trades are usdt pairs. you are underestimating how infected the entire system is by this shit. thats why it needs to be purged.

>>13475844
over 40% of total volume on binance is from usdt pairs

>>13475939
jesus

>>13475939
Fuck. I’m getting everything out of there

The market is about to die, why is everyone so chill

>>13475730
source on the IEO????

>>13476038
Before you die there's a sense of peace and tranquility. High leverage traders about to lose it all experience the same thing. You become very relaxed. Wait untill the blow comes. That's when everyone realizes they aren't dead and it starts to hurt.

>>13475730
get your coins off bfx but thats about it. the fail of bfx won't effect the price it'll actually pump it.

>>13475730
Why aren't people arbitraging the shit out of this?

>>13476059
that is absolutely fucking absurd. i would love to hear your reasoning.

>>13476038
The market is not about to die. The market may dip so significantly that you see pink wojacks, along with the occasional red or black, for months, but we'll be back around 2021-2022 in such a way that 2017 looks lik child's play. Though, I would expect a shitcoin purge if I were you.

(´ . .̫ . `)

>>13476079
Because you cant cash out of an insolvent exchange

>>13476038
>market getting cleansed of shady scammers
>about to die

in the long run this will be good for the market, I hope Bitfinex and Tether go down hard and fast, I don't give a fuck

>>13475730
dude, the mtgox collapse happened in feb 2014.

>>13475730
Is it safe to hold tether on Binance?

>>13476108
and?

>>13476138
no dude

>>13476102
They haven't stopped withdrawals..

>>13476138
If this was anything more than bears trying to spread FUD then tether would have collapsed long ago.

>>13476152
yet...

why do you think they are trying to raise $1 BILLION right now of all times? its because they are running out of fucking money

Why the fuck would anyone use Bitfinex? They have had this cloud over them for fucking years that by itself is enough of a reason not to use that shit. If people don't move all their crypto right now then they deserve to lose everything and a shitty exchange gone will be a good thing.

You are being too dramatic. Tether has greater solvency than fiat banks.

The biggest problem here is the traders confidence.

>>13476167
The future is irrelevant. I asked why people aren't arbitraging right now. Literally buy low on another exchange and sell high on bitfinex, repeat, infinite money. What's stopping people?

>>13476186
if you read the fine print on their withdrawal guidelines, bitfinex actually prevents this by:

- limiting the size and frequency of withdrawals
- only allowing special certified users to withdraw
- charging high fees (even higher on withdrawals over $1m in size)
- taking a long time to transfer funds

etc...they make it so that its not feasible

>>13476220
Wasn't Bitmax insolvent a month ago with limited transfers and now they are fine

>>13476220
Charles Ponzi actually had his system set up very similar to this

>>13476167
Source or its fake news

Same old scam but with a new spin on it...

>he thinks the 200wma will break

"no"

>>13476092

>>13476150
OP's meme says it melted down jan 2015.

>>13475730
We've been to 3.2k. At this point going down to 2k doesn't even feel that much worse, it's not even a big deal. I'd buy more.

>>13475730
People will be VERY surprised just how low all of this shit can, and will go.

Hope you're ready. I'll be in FIAT until pure chaos.

>>13475836
You will be lucky if it doesn't go below 18 cents this time.

>>13475753
No, they will feel it the worst. Just wait to buy at $3

>>13476038
I sold at 900 and I'm waiting to rebuy lower since 2017. Hopefully by end of year.

>>13476496
why dont you short it pussy

Wait there are other stable coins now. People can just hop into those. Only thing that will be fucked is tether

lol at your scared cucks. the money will be back in Bitfinex account in a matter of days. Sell now and get shook out like youre supposed to retards.

>>13476588
Nah tether is too deep into oryptosystem now.
Pic related.

>>13476588
Lol do you have any idea the level of sheer panic that ANY negative bitfinex/tether news will cause?

OH MY FUCKING GOD ITS TRUE BITFINEX IS DOING A FUCKING 1 BILLION DOLLAR ICO AS A LAST DITCH EFFORT TO COME UP WITH THE MONEY THEY DONT HAVE HOLY SHIT THIS IS FUCKING BAD

WHEN MONEY IS SEIZED BY THE GOVERNMENT IT IS ---NEVER--- RETURNED

>>13476615
You mean like the "sheer panic" over the recent negative news that caused a 2% drop?

WAKE THE FUCK UP RETARDS THIS IS THE CALM BEFORE THE STORM MARK MY FUCKING WORDS

Actually, the bitfinex/tether fiasco is a great thing.

Biggest fiat shitcoin will be exiting into crypto. How is this bad? People can easily migrate to another stablecoin if they want to, but most likely will buy real crypto.

Bitfinex is giving me Mt Gox vibes.

Kinda like back in the day when BTC was $900 on Mt gox and 650 everywhere else

Same thing now, BTC is $5500 at Bitfinex lmao

>>13476613
So they hop into pax,tusd. I don’t think it will take a huge shit. People will just move into something else >>13476615
Again they can just move into something else

>>13476674
It doesn't matter dude if bitfinex shits the bed crypto will tank hard short term

OP is going to get fucked shorting. cap this.

>>13476688
why? Bitfinex is a small blip in total daily crypto volume.

Move to Liquid.com

Fiat to crypto. No USDT

>>13476688
I commend your dubs but I still don’t get it. People will have to sell into Btc or switch to another stable coin. Unless they put their money back into fiat

>>13476702
The total daily crypto volume is bullshit and bitfinex is a major exchange. Divide the total volume by 10 and that is the actual volume

>>13476712
It'll raise the price of BTC on exchanges that are isolated with usdt pairs but on real exchanges with Fiat pairs it won't move. Then people will be running for the door as BTC hits 100k on binance but it won't even matter because you can't sell there

>>13476726
Sounds real scientific anon.

>>13476737
*sigh*
how many times does this have to be posted?

>>13476732
Like now?

>>13476744
>look mommy some random guy with a website made some numbers

>>13475730
>some fat retard with no job says that they'll back some bitcoin to the dollar with their amazing background in finance
>other fat retards on the internet say 'sounds plausible time to put all my tendies money in'

And this is why cryptoretards deserve to lose everything.
>muh random computer basement dwellers are geniuses because you can't into the property market or shares.
>muh no regulation markets are the way to go and not a one way ticket to getting scammed

>>13476782
I'm sorry you shorted at $3k

>>13476782
idiots deserve to be scammed crypto or otherwise

Which chart is the good one?
BTCUSD or BTCUSDT?

>>13476790
>shorted crypto

I don't buy magic beans

>>13476791
There are more idiots in crypto who think ponzi schemes are less of a scam because you do it on a computer.

>>13476767
So you didnt read the report.

>>13476813
>He doesn't even know what shorting is

>>13476813
Why are you posting on a crypto board?

>>13476826
I know what shorting is. I don't buy magic beans.

>>13476831
>crypto board
This is a business and finance board crypto is just a source of laughter and amusement.

>>13476899
>I know what shorting is. I don't buy magic beans.
Why would you need to buy "magic beans" in order to short something? Are you retarded or something?

>>13476914
Shorting is buying something ahead of time then selling it back for the difference making a bet that it'll drop in price when the debt is due.

So yes you are still buying magic beans.

>>13476914
>You're not buying magic beans if you're short selling them

And this is why you'll be bankrupt soon

>>13476560
Keep dreaming

>>13476782
And this is why kikes and boomers need to be dismembered with chainsaws.

>>13476958
>>13476947
You aren't actually buying the asset itself you absolute retard.

>>13476979
>>13476966

>You aren't actually buying the asset itself
Yes you are, especially if the asset is mystical magic beans lent to you by a magic bean merchant.

>>13476966
Keep pumping more money into magic beans and watch your money disappear

>>13476637
btc is long overdue for a correction anyways but the bitfinex shit can magnify it big time

>>13477004
Boomer cope, enjoy your 5-7% pa in equities competing with HFTs for basis points

>>13476138
yep, six figures in tether atm

>>13476998
As opposed to what, the trustworthy banks lending you their debt-backed fiat?

>>13476031
how? are you gonna take the 1% payment hit that it takes to convert to normie fiat?

we're one retest away from the next run, lads. hold your fucking nerve

There's so much garbage from the perma-bears on this website.... given that, I've just converted my tether into fiat because I don't want take the risk.
But if everyone just dumps their tether, isn't that the end of it? Bitfinex as an exchange dies off, tether is gone and everyone goes about their business. Maybe a small dip in bitcoin... maybe??
Let me be clear, I think there's a huge dump coming, but this dump has nothing to do with tether. I am a bear and I don't think we've seen the bottom.

...

The reason I'm saying all this is because I'd like to see how this tether dump is going to do anything more than deatroy tether.

>>13477318
>delusion
Btc is what 10 years old?
This market cycle will be longer than the last one. There's so much stupid money in this market that needs to be brushed off first. We're going to go up to $6k, back down to THE bottom (where ever that is)... and we're going sideways at the halfway mark between $6k and whatever the bottom is for 2 years until all the impatient faggots gets shaken off (probably something like $4,5k)

>>13476767
you don't need to look at his report to know that the majority of volume is fake, with random exchanges no one uses with having outrageously high volume

>>13477354
>delusion
how so? you basically explained the cycle set up in the chart i posted

>>13475730
That happens when your well backed blockchain crypto is mixed with a generic stable fantasy shitcoin, your hard earned money got mixed too

>>13477341
its not just about the tether, tether going insolvent just makes the market A LOT less liquid so whales and exchanges can move the market harder than they already do. what we might see is those very whales dumping their btc in response to a bitfinex collapse

>>13477416
How much money do you think will exit the market if tether goes under?

>>13477393
The next parabolic run is years away

>>13477437
we will finally go under 100b total mkcap

>>13477441
Why won't people just exit out before it goes under? Or are you saying they won't have the choice, and the price will nose dive as there is a mass exit?
Just to be clear, my advice to people is to get out of tether asap.

>>13477488
greed

crypto died a year ago.

you guys are such faggots.

>>13475730
Coordinated bear shorts :) don't listen to this fearmongering

>>13477004
>blocks your path

>>13476646
The Craig Wright is Satoshi STIFF-ORM

>>13476254
Its also how pension schemes are set up

>>13475730

Wow, retard OP. Tether discovered insolvent will be the greatest thing to happen to crypto. Also, prices will fucking skyrocket the minute people realize they need to SELL their USDT for other currencies. Look at what’s already happening... Finex backed exchanges are trading at 6-10% premiums.

$BNB is a shitcoin, they will some day get REKT same as Bitfinex. Its a PONZI SCHEME same as all other IEO coins, DYOR and get your view right...

>>13477879
yes because people are fucking panicking to get out of that scam exchange to the point of which they are paying a premium to withdraw their btc instead of usd/usdt

exact same thing happened to mtgox before collapsing

>>13477961
How much time is left?

>>13475730

tether has been a blatant ponzi scheme apparent for at least a year. if you're accumulating now, you're in for a bad time.

i'm not moving any of my holdings to fiat but expecting a large correction when USDT goes tits up. it's just a matter of when, not if.

>>13477053
Yes, eventually the ponzi scheme will catch you when you have your life's fortune invested in mythic legumes.

>>13478009
Fuck off Roubini.

>>13477147
Yes their debt-backed fiat administered by a central bank owned by the government. A government you can vote to remove if you don't like their decisions. Whereas crypto is controlled by joeblow who the fuck cares distributed herd of know nothings who think that crayon scrawled notes are worth something because you do it on computers. This is your alternative so I'm sticking to fiat.

>>13478018
Keep pumping more money into magic beans and watch it disappear for my amusement.

>>13477879
PPL that have USDT will change to fiat! the premium is to get out of tether! 6-10% is not enough to set off the risk. We have a good few stable coins now, tether has to die, possibly bitfinex! Crypto can't have a recovery till the space is cleaned up! Tether is one of the frauds, I thought it would be the ICOs...maybe that is still to come. Cleaning up tether will probably do though, as most think ICO = Crypto...shame.

>>13476049

>>13477980
the market has changed a lot since mt gox...I would say the people in crypto now are not as suspicious ie. more trusting. back in mt gox day TONNES of people would not trust exchanges! Now...they do/became complacent

>>13475730
>finex is now trying to raise $1 BILLION from an IEO as a last desperate attempt to try and salvage this shitshow.

fake news

>>13476138
Yes hold all of your life savings, your pensions and your children's college funds in Imaginary digital dollars backed by nothing and printed by kikes, on a random who chink exchange actively trying to evade meaningful exchange jurisdiction and oversight.

You are DEFINITELY going to make it.

$BTC is more stable than any Tether scam coins. PPL will get into Bitcoin at the end and a massive pump will start.

Anyone else surprised at how slow the price is falling?
Also I think its funny that bitfinex opened the exchange to everyone (removing the 10k limit) about a month ago...That was not a positive sign...

>>13478182
once you start putting the pieces together you see how finex is desperate since november last year

they ARE going under, it's just a matter of when.

>>13478073
>fake news
the alternative: an admitted $850 million hole, under active fraud investigation by New York Attorney General, Tether being firmly pegged to the last passing breeze, plus what isn't yet known/admitted AND they are actively doing NOTHING - would be, inarguably, worse.

>>13476031
Binance is one of the biggest holder of tether. And do you know why cz doesn't delist it, he wants to manipulate the market and bnb. He isn't a saint like everybody makes it seem.

>>13475730
The last time I saw this much fud was the beginning of 2017 when BTC went from 1k to 20k

The bear market is over, it'll go down slightly then slow rise to 50k

>>13477018
>indicator gives 4 false positives in screenshot
maybe it's time to find a new indicator?

First green monthly candle was a direct result of Tether. Most of you are absolutely idiots. We aren't bearish since 16k btc. We will be bearish soon until we reach $1700 BTC

>>13476947
You're a faggot

>>13478763
U really think this to be true.?

2k fags cope

>>13479464

$2K?

That's optimistic.

All of the 2017 gains were propped up by fake IOU tokens it turnns out.

We're heading back to $800.

>>13479505

It's not looking good folks...

Don't know about all this Bitfinex crap. If it smells fishy then it probably means there's fish. This tether shit has always seemed sketchy to me.

What I do know is that I have an indicator that hasn't failed so far: my wife. She doesn't know shit about crypto, but every week or so I'll give her a view of the BTCUSD weekly chart, and one of the daily. She has been spot on EVERY TIME on the general direction the market would take.

>At 6000, she said it was going to drop.
>At the first bounce to 4200, she said it was going to drop.
>At 3100, she said it was going up.
>When we got to 4200 resistance, she said it was going up.

I showed her the weekly and daily charts a couple of days ago, and she said it was going down. I'm short based off of that.

>>13475730
Bitcoin can't scale

>>13479505
>>13479508
should (by all rights) already be crashing tho. and, its not.

>>13475730
>cretins using bitfinex

>>13478073
You sure about that?

https://cryptonews.com/news/rumor-of-bitfinex-ieo-sends-cryptoverse-into-a-frenzy-3773.htm

>chief investment officer at investment management firm Arca, Jeff Dorman, argued that:
>1) Companies with free cash flow raise money all the time - not unique
>2) If access to capital is there, you take it
>3) See 1 & 2”

>He, however, stated that “I'm not advocating anyone use Bitfinex or Tether, and I certainly don't use Bitfinex myself — but raising capital is the right thing to do.”

Jesus Christ how bad is this? Also wtf bitfinex already did an ico to cover the funds that got stolen in the hack awhile back?

>>13479601

Give it a few months.

Most people don't realize how downright stupid and negligent the crypto market is along with most of its retarded participants.

>>13479579
>This tether shit has always seemed sketchy to me.

This.

It was so insidious, most people didn't realize their exchanges were being flooded with digital IOU tokens that were minted by some tax haven and professional money laundering assholes operating out of the Caribbean.

The systemic risk to the entire Bitcoin market is not even knowable at this point.

The only way to secure myself is to use exchanges that have real fiat pairings.

I think Binance is going to implode because it relies so much on Tethers and they are operating in a very grey legal area with no banking partners for liquidity.

>>13475730
Time to hang out with Sayori

>>13476744
Holy shit, so Bitfinex is the second biggest exchange by volume? Even bigger than the Coinbase exchange people get their dicks hard about new coins coming to ...

Crypto is in it's end stage collapse, isn't it?

>>13480094
yeah and the worst part is that a lot of the binance volume comes from tether

>>13480094

Not a collapse, but ALL of the 2017 gains are going to be wiped out and shitcoins are going to lose another 99% of their retarded, over-blown valuations.

None of the trash like VeChain, Chainlink etc, are supposed to have valuations even remotely close to a million dollars.

>>13480191

Binance is going to be one of the biggest casualties of the TETHERing, because they are entirely propped up by USDT and have no fiat gateways.

And CZ sure as fuck is not going to be paying out of his pocket to cover withdrawals.

>>13480257
binance has been slowly moving away from tether over the past 6 months or so but its too little too late imo. if tether implodes a bunch of people who were holding it on binance will lose money but it will be more of a "sucks for you guys" situtation and theyll probably just delist it and keep moving

>>13480297

Binance have massive reserves of Tether.

Probably billions of dollars locked up in that shitcoin. When they try to recover the money from Bitfinex and get told to fuck off, they're going to take a massive loss.

You think that won't affect their solvency? You're dreaming, and giving them to much credit.

In fact, IMO, Binance is the second greatest systemic risk to the entire crypto economy after Tether.

This Chink and his unregulated, un-registered exchange launching ICO shitcoin scams and releasing its own securities, while having almost no proven financial reserves or banking partners, is a MASSIVE time bomb.

>>13480326
i wasnt aware that binance was holding reserves of usdt? i was under the impression that all of the usdt that belongs to them is held by the users and not binance themselves...

>>13480349
... did you really think you OWN any coins in an exchange?

>>13480349

The absolute state of crypto "investors"... I hope you're not holding any shitcoins about now, because get your asshole ready for another 99% loss of value from current valuation.

To answer your question, when people flip back to USDT in their trading activities, you think they're actually assigned an actual USDT?

NOPE. They're trading a proprietary, digital representation of a Tether token within Binance's own digital ledger, which means Binance hold hundreds of millions of actual USDTs which they need to hold in reserve for customers requesting withdrawals.

You really need to learn how exchanges work before you undertake any activity in crypto. These are the only actual businesses making cash flows in crypot, as opposed to Chink shitcoins claiming partnerships with BMW, and then not generating a single dollar in revenue.

Binance has reported revenues of 200 million last year.

Pic not related but worth following.

>>13475730
And just like that....


BTC broke bullish a few minutes ago.

>>13480416
Your charts are outdated ex CAPS anon. We're already at the end of April now.

>>13477942
I'm all in BNB and your comment doesn't help

>>13475730
BEAR IS OVER, OP

GET OVER IT

Not even the biggest FUD this year is able to push prices bellow 5K.

>>13480454
this is the third time i got fucked by tether fud

>>13478019
>central bank owned by a government.

thats not how it works

>>13480455

Yeah I know, I did say pic wasn't entirely related.


>>13480454

>$6K resistance not resolutely broken
>BTC Broke bullish

Lolno

>>13480469

BNB is massively overpriced.

>>13480485

It hasn't even started. Bitfinex is now scrambling to find idiots to give them a cash infusion to bail them out.

>>13475752
who would be willing to sell their btc for "usdt" after some point? there are only this many idiots

>>13475753
it's a literal centralized exchange with a cringeworthy public figure who comes from a scammer culture
have fun losing your money in the end

>>13478758
>He isn't a saint like everybody makes it seem.
everyone just sees him as that cute asian nerd who's a pro at offering a trading platform (and a crappy trader as he said about himself - yet he contradicted himself many times by making wild speculations and absurd predictions)

>>13478099
topkek

>>13476667
>People can easily migrate to another stablecoin if they want to
dass rite

>>13476782
nothing wrong with wanting to make it.

>>13478099

And this, desu.

Binance is literally just a slightly improved Yobit.

Only trade shitcoins in a bull market here.

>>13479779
>The systemic risk to the entire Bitcoin market is not even knowable at this point.
> Binance is going to implode because it relies so much on Tethers and they are operating in a very grey legal area with no banking partners for liquidity.
true, just lean back and enjoy the show

>Mfw people see a price premium slowly growing in the market and don't think of it as any kind of a meaningful thing.

Having premiums like that on the second largest exchange at this point is one hell of a red flag.
It's a miracle the market isn't in a full blown panic mode.
If you weren't around during Mt.Gox days then let me tell you this is just like how it started. Premium started forming and at some point it was clear things were going tits up, but it was far too late to bail at that stage.
Greed is going to fuck so many people over if and when things collapses. Better to get out and wait things out on the sidelines rather than stay in the market and wish for an extra 20% or something.
If this situation pulls off a Gox 2.0 then no one really has any idea how low this market will dive. Might even reach triple digits.

>>13481214

Correct.

I haven't been all cash since 2014. I am now.

>>13475730
bobo's wet dream

>>13481214
So what sell everything then? Link mainnet is dropping this year.

>>13481214
this. as a quadriga rapefugee, I experienced this first hand and lost money. if you have ANYTHING at bitfinex... bail the fuck out. I had a window of 1 week where withdrawals were going out, but I didn't want to pay the 10-15% premium to get out. I was too greedy and complacent, and in the end lost everything.

>>13481481

Shitcoins are going to lose another 99% from their current valuations..

All of you Binance fud posters are fucking retards. Not only do you not understand how exchanges work but you have no basic common sense. The fact that Binance wallet holds a shitload of Tether does not put the exchange at any risk. The risk would be if Binance DID NOT hold so much Tether, because that would mean that Binance was running a fractional reserve. If you hold 1 USDT in your Binance exchange wallet, Binance is on the hook for 1USDT, not 1 USD. So if USDT were to implode, so long as the amount of USDT Binance held in their wallet equals the amount of USDT traders hold in their exchange wallet, Binance is solvent. The USD value of Tether is of no impact on Binance's solvency. This retarded FUD is the equivalent of saying that Binance has massive BTC holdings in their exchange wallet, and if BTC falls in USD price, Binance will implode. The fact is, if you hold a coin in your Binance wallet, Binance owes you the coin, not the USD value of the coin, you retarded faggots.

>>13481611

You can bet your ass that Binance does not have enough actual Tethers to actually cover all of their USDT on the platform.

this is getting worse

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

tether lawyers state that usdt is only 74% backed by cash !!! AND CASH EQUIVALENTS !!!

this means that not only is 26% literally not even there, an unknown portion of the 74% that IS backed is made up of SHARES OF IFINEX INC. WHICH MEANS TETHER IS LITERALLY BACKED BY SHARES OF BITFINEX.

RED FLAG RED FLAG RED FLAG

>0,26% volume of all btc
>comparing this "exchange" to mtgox

kek

>>13481639
Sauce? Also, why would people be fudding then based on the massive amount of USDT Binance holds? This is my point. The FUD makes no sense. It would make sense if people were claiming, "Look, Binance USDT wallet holds hardly any USDT!!"

Any consensus on the other stable coins claiming to be 1:1 backed by USD like UDC?

>>13481641
good, then cash out to fiat and move on, who cares about this red flag ? I dont fucking care, im at point when im up my initial investment and im ready to loose it all just like 90% of crypto holders. Its not 2017, you are not going to bait us on your RED FLAG RED FLAG like a total dementia idiot.... OKAY, BITCOIN WILL GO DOWN TO 1K, I DONT FUCKING CARE

>>13476577
not taking a position is a position.

>>13480226
Get a load of this retard.

>>13477354
das rite

The Moon-Trash cycle will complete yet!

>>13478021
Are you a bot or just too retarded to say anything other than "beans!"???

>>13481680
This. I'm starting to think the market bottom is in with all this fud shilling. They need the retards to sell so they can accumulate.

>>13476059
yeah im a brainlet but will it go something like this
USDT->BTC->MEMPOOL FULL->(ETH,LTC,XRP,NANO)->USD

>>13478058
greater fools indeed

>>13481680
>Sauce?

Haha, it's a centralized Chink scam exchange. You expect him to publish documents to the public?

>>13480349
LOL...NOT YOUR BITCOIN

>>13483125
wut

>>13475730
>muh tether fud

>>13481639
>>13483041
They have at least $650 million in one cold wallet. https://wallet.tether.to/richlist

Try harder buttcoiners.

>>13476049
Based nihilist-trader
>>13481790
This. I survived the pink fields of Wojak in 2017. Nothing about crypto scares me now, SHA-256 could get cracked and I'd shrug and go "ok, better get a broker and start lurking /smg/"

>>13483338
*2018. Whatever, the years all blend into one at my age
>t. 30 year old Boomer

>>13483247
lol noob
https://www.youtube.com/watch?v=dnC5mFaIW3Q

>>13483283
>$650 million

You mean 650 million USDT.

Which is now worthless since Bitfinex can't honor redemptions in US dollars and are the only people to do so...

>>13475939

>>13483800
Wrong, you forgot Kraken.

bu hu Tether fud again IAM SO SCARED

>>13483800
It's so worthless that no one is panic dumping for "real" assets. Really made me think. I guess everyone holding Tether is just dumb.

>>13476107
The only reason for the 2017 bullrun was tether printer being driven by money launderers trying to exit the market quickly. This time the market will take a huge hit FOR REAL, NOT A FABRICATION.

>>13483800
You can't even switch them to dollars anymore if you aren't a big whale. They removed it from terms of service while back.

>>13483981
Only bears who shorted who is trying to keep the thread alive.

>>13484009
>this time it's for real

>>13484025
You don't understand. The crash after hitting 20k was LEGIT, not fabricated like the previous ones.

This tether exit event will make bulls shit their pants for real, AGAIN.

>>13475730
FUCK U WITH UR MOON CHARTS BTW
maybe i get justed but i dont sell Biz has never right to 90 % so fuck off

>>13484063
oh no I guess I better sell

>>13478758
do you blame him

>>13484069
the fuck is this?

>>13476667
Except there won't be enough

>>13476732
This is how the McAfee prophecy comes true

why do these retarded threads get so many replies when they're never right

it's like """"someone"""" is deliberately trying to trick poor bizraelies into making poor decisions.

jesus christ so many people here are going to lose money. it will be a real learning lesson though.

>>13478099
Based and redpilled

>>13475730
>FUD thread gets posted
>price pumps again
I'm starting to see a pattern here.

>>13479508
And to cope bullfags just will say
>i-its old news
>>13479601
only reason its not crashed is because the tether ponzi is still afloat

>>13476496
>>13475730
back then Mt gox was the only exchange around. It's not like that anymore

>>13476152
So get off now while you still can??

bump

>>13485501
Then say something useful you faggot otherwise stfu

>>13481641
>tether at $1.01

>>13475753
Binance is the highest holder of Tether

In the last 24h 13.76% of BTC trade volume occurred on Bitfinex, assuming that Tether is 74% solvent I foresee the eventual banning of Tether from all other exchanges leading people to try to redeem them for BTC on Bitfinex in a bank run, this will lead to short term boosts in BTC as people will take it to cash out/store on a more reliable exchange, once the bank run stops the market will dive fast taking a 3.58% hit of today's prices, which will sustain for a while, then we will revert to the mean and slowly rise again in 8 months from now, leading us eventually into the 2020 bull market.