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28825965 No.28825965 [Reply] [Original]

How bad is it going to be?

>> No.28826123

>>28825965
Pretty bad

>> No.28826917

>>28826123
Like how bad?

>> No.28827175
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28827175

>>28826917
If you only knew how bad things really are.

>> No.28827297

It could be really bad. Like -70% value if the trading market prior to the dumps that follow. But this could take a while

>> No.28827306
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28827306

>>28825965

>> No.28827577

>>28827175
>>28827297

If I put everything into USDC before Friday, am I safu?

>> No.28827600
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28827600

very bad

>> No.28827782

>>28827577
You should be, it those USDCs aren't on exchange, especially Bitfinex one.

>> No.28827822

Wasn't it supposed to happen today ?

>> No.28827878

>>28825965
Tether collapse and everyone sells to go into BTC. Moon

>> No.28827997

>>28825965
You retards do realize that the collapse of Tether will create a temporary short squeeze situation for Bitcoin in which the price rockets right?

>> No.28828124
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28828124

>>28827997
Yeah, but what happens after that?

>> No.28828230

>>28828124
USDC takes over and anyone left holding Tether is fucked.

>> No.28828567

>>28827997
>short squeeze
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH MAKE IT STOP

>> No.28828612

Fill me in. Why do you think tether is about to go down today or this week?

>> No.28829150

>>28826917
Think Bernie Madoff but maybe x10-50

>> No.28829245
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28829245

>>28829150
Neat.

>> No.28829606

>>28825965
whats happening?

>> No.28829689
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28829689

>>28829606
tldr Tether may or may not be a scam and discovery of that fact may affect the price of Bitcoin due to its exposure.

>> No.28829790

>>28829689
So this is for sure being determined tomorrow? There's no next court date 3 months from now because the US justice system is garbage

>> No.28830029
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28830029

>>28829790
idk man it's such a shit show. In all honesty, I don't know many fine details, but enough to be morbidly curious.

>> No.28830043

I investigate white collar crimes for a living and my colleagues and I agree that this has the potential to be the largest financial crime of the 21st century

>> No.28830391
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28830391

I'm a little confused on this Tether situation
Can a kind Anon give me a quick rundown please?

>> No.28830714
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28830714

>>28830391
basically they are buying btc with tether that isn't supposed to exist which artificially increases BTC price.

>> No.28831237

>>28830391
>>28830714
And they claim to have the cold hard USD to back up the tether they're buying with. No one knows if they actually do.

>> No.28831623

>>28828124
I wish I was impregnated by Ron Paul

>> No.28831740
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28831740

>>28825965
This isn't 2017.
Tether is too big to fail now.
cap this

>> No.28831786
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28831786

>>28831623

>> No.28831798

>already was audited and everything turned out legit
Keep packing those bags cripples, garlichouse needs a new boat.

>> No.28832612

>>28825965
Goes-to-BTC-real-value bad. Total crash.

>> No.28832801

>tether fud
WHAT YEAR IS IT

>> No.28832956

Its legit, tether is basically the FED of crypto