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/biz/ - Business & Finance

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2091982 No.2091982 [Reply] [Original]

it's like clockwork.

>POLO'D

>> No.2091990

fuark. trying to buy some ripple and it crashes after working all day long

>> No.2092045
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2092045

>> No.2092064
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2092064

>>2091982

>Using an exchange so criminally negligent that they refuse to operate in USD instead creating their own fake money to defer withdrawals to fiat unto other exchanges.

Yeah, no.

>> No.2092107

>>2092064
Has anyone been screwed using USDT?

>> No.2092304

>>2091982
Just fucking use Bittrex

>> No.2092320

>>2092107

The Polo USDT scam will crash the entire crypto market in a more profound way than Mt. Gox did in 2014.

>> No.2092377

>>2092320
got any links?
I'm trying to cash out USDT from Poloniex after a big score

>> No.2092383

>>2092320
Nice FUD.

>>2092304
Bittrex is china based. Not like that makes me feel any safer.

>> No.2092396

Can I get RDD on poloniex? Relatively newcoiner here dont bully pls

>> No.2092402
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2092402

>>2092377

What do you mean "cash out USDT". Isn't it a non--fiat asset that forces you into some proxy exchange which most likely has only a fraction of the liquidt need to cover the deposits traded at Polo?

There is link.

These are just my observations. Seems obvious Polo is protecting itself against a run to the exits.

>> No.2092409
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2092409

>>2092396

>> No.2092410
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2092410

>still using polo

>> No.2092434

>>2092402
According to tether.to - you can transfer to tether wallet then pay 10 basis points for transfer to your account
supposed to be audited and has about 64 million in actual USD reserves and is supposed to be matched by equal number of tether tokens - although 2 million are non-issued or something
https://wallet.tether.to/transparency

>> No.2092442

>>2092409
I see, thx

>> No.2092455

>>2092434
BTC can eat 64 million dollars like its nothing. No crash FUD.

>> No.2092464

>>2092455
yeah you are right - 64 million is fucking peanuts - they are prob stalling bc of too many people cashing out

>> No.2092534

>>2092455

You just shot yourself in the foot.

64 million is indeed peanuts in the BTC market, which is dangerous because the largest BTC exchange appears to have not even close to a fraction of the reserves need to cash out depositors.

When people head for the exists, this whole thing comes tumbling down.